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Messages - Gladitorcomeback

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Cryptocurrency Trading / Re: Is there someone successful on day trading with crypto?

« on: Today at 08:35:46 AM »

Quote from: Charles-Tim on May 03, 2024, 02:01:58 PM

All the day traders that I know are losing. You can see them telling you today that they won, they can be telling you many days or weeks that they are winning. But after sometimes they will said that they made a mistake and lost huge amount of money which is more than the money they started using to trade. Trading should not be daily or scalping, it should be for patient people that will know the right time to enter and leave the market.

Such mistakes are made by people entering the market, making a few trades, earning a few bucks, and thinking they have mastered it, and then they will make an investment in some shit coin or meme coin thinking they will earn a lot of profit shortly but they lose their money.

So, of course, trading isn't for the impatient and those who aren't knowledgeable enough about the market. Someone isn't supposed to rush into the market to start trading so that they can start earning money as quickly as possible because only those who take their time and enter the market after learning everything will get success in trading.

Cryptocurrency discussions / Re: This bull market will likely be the last one, don't you fail!

« on: Today at 08:19:20 AM »

Quote from: UNIVERSE on May 07, 2024, 04:37:20 PM

What regulation? There is no regulation that limits the price of Bitcoin and altcoins. No one and no institution control the price growth of Bitcoin and altcoins. So, it is impossible to predict that it is the final bullrun season. I think the bullrun season will repeat in almost the same scheme because we already make it as habits. Another reason is about halving that always happens every 4 years.

To be precise, a bull run doesn't even have to wait for the halving event every time, I know that we have been seeing this happening from the beginning where the bull run comes only after the halving event because that is when a cycle gets completed, but if we see the actual reason behind a bull run, it is just an increment in demand and if that demand arises before the halving, we can witness a bull run.

A halving doesn't necessarily make the price of Bitcoin go up, it reduces the increasing supply which increase the demand in the long run by reducing the supply but the main reason behind a bull run is the demand which generally increases after the bull run because people tend to think that the prices will start going up after the halving event which is why they start buying right before it.

Basic Questions about Cryptos / Re: How often do you check on your Crytpo/Bitcoin?

« on: Today at 03:00:39 AM »

Quote from: bayu7adi on May 06, 2024, 10:00:57 AM

In fact, it's not as important as you think, because basically the price changes are not caused by your activity, but by market activity... Long term holders should not check prices too often because it could affect their emotions in holding... target Long-term investments are time-based, so you may only need to monitor prices if you have free time...

Important or not, it just feels right to stay updated about the market and how it is doing, you need to be aware of the prices of certain cryptocurrencies that you might have on your watchlist for a potential investment you have been thinking about, and even if there is nothing of that sort, it still isn't easy to stay away from the market, especially if you have some money invested whether it is for short term or long term.

I don't know how many times a day I watch the market, there might be no purpose but after every now and then I reach out to my pocket, take out my mobile, and check the market only to stay updated about the prices because I like doing that, no obligations but still.

Basic Questions about Cryptos / Re: A wallet as a container of money or exchange?

« on: May 07, 2024, 08:04:12 PM »

Quote from: Hatchy on May 05, 2024, 10:34:01 PM

The title of your thread makes it difficult to comprehend. But you should know that wallets is safer since you have full control over your keys. Storing funds on exchanges is like giving these third party your keys and funds to hold. Anything might happen and your funds will be gone so it's better to store your money using good wallets and not exchange wallets.

Despite the safety factor, an exchange isn't to be used as a storage because it provides trading and related services, and you are only supposed to use an exchange to buy and sell your assets if you want to hold a certain asset for long term, you should create a wallet and transfer the funds to that wallet so that you don't face problems if there are any issues with the exchange.

Traders should only keep the trading capital that they use on a daily basis in their exchange accounts and keep all other assets outside of it in a non-custodial wallet to keep them safe from attacks and exploits. It is not wise using an exchange platform as a wallet in any case.

Cryptocurrency Trading / Re: Do you feel like you're getting it all wrong?

« on: May 07, 2024, 04:28:01 PM »

Quote from: pacar_tiri on May 05, 2024, 06:39:22 PM

Trading and investing have all experienced losses. As you said, the experience of losses will be an important lesson for every trader so as not to repeat the same mistakes. We as humans are a place where we always make mistakes, whatever the type of mistake.

Losses are inevitable, if you are into a market that you know has volatile assets and the prices of those assets keep fluctuating up and down, you should know that you can get both profits and losses if you invest money in those assets. So there is no doubt that every single person involved in such a market will experience losses whether they are new in it or experienced.

There is nothing wrong with making mistakes because we are humans, we tend to make mistakes in everything we do, the problem is if we don't learn from our mistakes and keep repeating the same mistakes again and again. We need to learn and grow because of the mistakes that we make.

Cryptocurrency discussions / Re: Beware of airdrop-related phishing emails

« on: May 07, 2024, 10:48:32 AM »

Phishing emails are not threatening if they are received directly in the Spam folder of your email, but nowadays as I have noticed, some of these phishing emails are being shown in the Promoted tab in my Gmail which is surprising because Google isn't able to filter them out perfectly or maybe they are using some trick to get this done, but they should at least be able to filter the email addresses and send them to Spam if it is a regular email address.

Since I'm a bit experienced and already know about these things, it has never caused problems for me, but if the same thing happens to a newbie, receiving phishing emails in their main inbox or promotions tab, they will surely fall for them and lose their assets or accounts.

Basic Questions about Cryptos / Re: Bounty hunting is a full time job?

« on: May 07, 2024, 09:48:15 AM »

Quote from: armanda90 on May 06, 2024, 07:30:05 AM

Actually bounty campaign is most promising job with much reward earned but its happen around last three or four years ago, currently if you make bounty campaign as full time job not worth yet right now because many campaign cut off rate payment allocation until some bounties become scam with lower values than pre sale coins price.
You don't need to and make bounty campaign as side job, when get luckiness has campaign with bigger payment reward maybe after joining around 5 to 10 campaign have bigger payment but not recommended to make bounty campaign as full time job because not promising every bounty campaign distribution coins has valuable.

That's true. I still remember the days when bounty campaigns were very profitable and you would find a lot of people rushing towards them because they knew how much money they could make from them. People used to earn thousands of dollars only from bounty campaigns if they had joined multiple campaigns at once but nowadays, you can barely earn a few bucks from each campaign even after working for months.

There might be one or a couple of campaigns after a very long time that might be a bit profitable because they pay in already established cryptocurrencies such as USDT and others, but if a bounty campaign is paying in tokens, those tokens would probably be worth nothing.

Meme Coins / Re: Isn't this funny that there's a lot of memecoin variants?

« on: May 06, 2024, 07:26:37 PM »

Meme coins are memes turned into cryptocurrencies, so they are funny themselves despite the fact that there are various variants of them created and are receiving investments as well which shows how crazy some people are and how careless they are with their money because they are investing in coins that are copies or other coins which are still available in the market.

I'm not a fan of meme coins, I invested in SHIB when it was getting a lot of hype, and lost money because it dropped in value and never went up in two years until I got tired of holding the tokens and sold them at a loss. Since then, I never trusted a single meme coin and I believe they are a waste of money.

Bitcoin Forum / Re: Future of Bitcoin

« on: May 06, 2024, 03:50:06 AM »

Quote from: debra on May 05, 2024, 11:05:45 AM

You're right. Current price is quite expensive but it doesn't mean we are impossible to take profits. If we just invest for a short term, it is okay to buy now. But for the long term holding, it is better to wait for the next bearish season. Just keep the funds for buying in 2026-2027, it is probably the time for bearish season. Not sure whether the price will be higher in 2028-2029 but if there is no change, the scheme will remain the same as the current season.

Depends on the beliefs of a person. If someone believes that Bitcoin is going to go to $100k and above in the next couple of years, they shouldn't hesitate to buy at the current range because even then they would earn good profit. But if someone believes it isn't going to go that far, they shouldn't invest and should wait for the bear market to buy and hold until the next bull run if that is what they want.

A wise trader would never leave an opportunity, and as per the history of Bitcoin, we are at a position where a bull run is yet to come. So if someone has extra money, they should do DCA and hold and wait for the bull run. In case it doesn't happen and market crashes, they will still have funds left to buy more.

Cryptocurrency Trading / Re: Fear or greed

« on: May 05, 2024, 09:01:35 PM »

Quote from: dekafee79 on May 05, 2024, 11:59:54 AM

Yes, beginners who have just entered the world of crypto are mostly greedy and want to make as much profit as possible quickly. In the end they lost and that was a bitter experience for them. There is nothing instant in investing because investing requires research and making an analysis of the coins we are going to buy.

It's not just greed that makes them lose money but they also don't gain enough knowledge or gather enough information before they start trading which becomes the main reason why they lose money in the initial stage. When you enter a market that you know is highly volatile and unpredictable, you are supposed to gain a lot of knowledge about it so that you don't get trapped at any point when you are trading.

Newbies are always in a rush to make money, and in that rush, they forget the first and foremost step which is to understand everything properly before they start, you can't start and run a business successfully if you don't have any knowledge about that business.

Cryptocurrency discussions / Re: Do you believe airdrops come from twitter media.

« on: May 05, 2024, 08:42:31 PM »

Quote from: taufik123 on May 04, 2024, 10:33:22 PM

On Twitter is getting freer, even these scammer accounts have blue ticks and yellow ticks.
So for ordinary people, it is difficult to distinguish between fake and real accounts if you are not careful.

And it usually appears on airdrop information posts and even if I block one of them, more will appear.

That's true, Elon Musk has allowed them to pay a few bucks and be able to scam thousands of dollars from innocent people by deceiving them with the blue ticks they have bought. I know that Twitter had a lot of scammers in the past as well, but at least in the old Twitter, there were no such features where anyone could pay a few bucks and get a blue tick for their account which makes them look legit.

However, now as this has been revealed that anyone can have a blue tick on Twitter, people need to be more vigilant and shouldn't trust every single handle they see a tweet from because scammers create exact looking duplicate handles to make people believe in them.

Basic Questions about Cryptos / Re: Be careful of the coin you invest on.

« on: May 05, 2024, 08:35:40 PM »

Quote from: taufik123 on May 04, 2024, 10:57:13 PM

But Bitcoin and Ethereum certainly don't need research anymore, just need to see where is the right time to enter and invest for the long term.
In addition to these two coins, of course, detailed research is needed to find out how well they develop in the future.

Some of the top coins are also quite good like BNB, SOLANA, etc. which can be an option for long-term or short-term investments.
But for the short term, it is better to choose coins with high volume, which signals a fairly fast movement and that is good for short-term trading or scalping.

Whether it's about Bitcoin, Ethereum, or any other popular cryptocurrency, research is required for first-time investors because research is not only to find out whether a project is a scam or not, but it also helps one understand the movements of a cryptocurrency and helps them decide their entry and exit points and whether they should make an investment at that exact moment or wait, etc.

Someone who is new in the market but has just heard a lot about Bitcoin shouldn't make their investment right away, it is essential for them to first gather some information about Bitcoin to at least understand it very well despite knowing how good or how popular it is.

Basic Questions about Cryptos / Re: What do you do if someone trusts you and wants to Invest in you?

« on: May 03, 2024, 06:35:44 PM »

Quote from: debra on May 03, 2024, 11:03:35 AM

Even if they pay me, I will never do it because it is too risky. In my opinion, investing in crypto coins must be done by ourselves. There is no guarantee for the success in crypto investment, the price can change drastically at any time. With this characteristic, it is too risky if we help friends in investing their funds. The chance of losing the money is always high, we must avoid to have a problem with the friends because of this crypto investment. So let them investing with their own way.

I completely agree with that. You can't promise someone that you will earn them money when you know that the market is extremely unpredictable and things can always go against your predictions and you can't do anything about that. So if you tell someone that you can help them make investments for them, they will hope and expect that you will earn them money with it, and if you can't manage to do that, that will be disappointing, and it will also make you feel awkward in front of them.

So trading and investments in a market that is highly volatile are supposed to be done by someone with their own money and it shouldn't be someone else's funds they are using for this purpose because even if sometimes you can get profit, sometimes you might incur losses as well and everyone can make mistakes.

Bitcoin Forum / Re: Invest & Hodl Bitcoin!!

« on: May 03, 2024, 03:29:48 PM »

Quote from: NikeFit_7777 on May 02, 2024, 11:59:45 AM

The market is absolutely always cyclical - everything +/- repeats itself. Alas, few people see it or realize it, and that's important as far as I'm concerned.

P.S. In any of the scenarios, you should stick to risk management. Only in this case you can save your invested funds. Otherwise, the market will punish. I have always written and will continue to do so, don't forget to lock in your income.

Taking profit whenever the time is right is what I always suggest as well. I don't think that a person should keep holding their assets even if the prices are favorable and they can get decent profits on their investments, even if they don't sell everything at once, they can at least sell a portion of their holdings to get some profit and then keep holding the remaining assets just in case the prices go higher in the future.

Some people say they wouldn't sell at all even if the price goes significantly high because they believe there will always be better prices, I don't like that, and I believe it is better to take profit, and then see how the market reacts, you should have both some assets and some liquid assets and be ready for any market condition.

Bitcoin Forum / Re: Has the bear market started?

« on: May 03, 2024, 08:32:57 AM »

Quote from: Power420 on May 01, 2024, 12:26:50 PM

Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?

I'm not an expert when it comes to making predictions or providing answers about the market, but as far as I understand this market, this isn't more than a correction, we could say it's a healthy correction because we have seen it drop a bit significantly in just a few days and we don't normally see that happen when there is a correction, but as we know, there are usually healthy corrections before the bull run starts showing its effects.

Even if it drops to $50k, we should still not be worried because the market tends to recover some months after the halving event and it hasn't even been two weeks since the halving event occurred. So, we need to be a bit patient and wait to see what happens in a few months from now.