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Messages - therozaq

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1
-snip-
So, I don't just believe unless I can see and feel that he is sincere in what he says in his vlogging. So don't believe it immediately if you don't want to regret it later.
Yes, you have to protect yourself from influencers who will influence you with news that is not necessarily true. 
I also don't recommend following what influencers suggest.

They are looking for many followers and the more followers the more they will benefit.
Do not immediately believe and do your own research, how also you need to do research from various points of view.

We have to do our own research before investing because it is mandatory and don't trust influencers, they will definitely benefit from their followers. Because there is no free lunch. Most of them offer new projects, we should invest in old coins that are safer. The new policy is more profitable, but more profitable

2
Bitcoin Forum / Re: Future of Bitcoin
« on: March 24, 2024, 05:59:03 PM »
You bought at a good price, just like I did. I have also made a profit from the coins I hold Bitcoin Ethereum BNB and Solana but I still hold them. because I feel that this is not yet the peak of the bullish season, it is possible that the peak will occur at the end of this year.
I also still hold it partially and will accumulate it when the price starts to correct again.
But it's likely that the peak doesn't depend on the end of the year, it won't be the same as before.

We will see after the Halving is over, and it still takes time to reach the Highest price again.
But what is certain is that we have bought at a cheaper price and still have a reserve of money to buy gradually when the price goes down.

Yes, with the benefit of the profit we got when bitcoin touched the new ATH at $73K, we still have spare money to buy bitcoin again during the halving, possibly a deeper correction will occur. That was the best time to buy, even though I had just sold some of my bitcoins in my wallet

3
Bitcoin Forum / Re: Is Bitcoin legal?
« on: March 24, 2024, 05:54:48 PM »
I say this is still a gray-zone, because my government does not fully support or does not carry out mass adoption.
It's just about commodities, and it won't be much more than that.

Legitimate payments remain with traditional money and may not use crypto.
Nonetheless, crypto is becoming quite in demand and governments are increasingly eager to develop it.
There are no obstacles even though regulation is not entirely favorable, but it is a good path for crypto development.
We come from with the same country, based on my viewed our government not really care about cryptocurrency become legal payment transaction in the future just take points how to earn benefit trough taxes transaction. Since adopted first time almost one year and earn much money from taxes not significant progress for the future bitcoin will be legal transaction not only as commodity assets.
Its bitcoin regulation right now will be more profitable assets for government and earn income trough taxes transaction but in other side they won't help bitcoin become legal currency transaction in the future.

The government always takes the opportunity to collect taxes from our crypto transactions, which is quite a good income for the country. But do they think they want to use the legality of bitcoin as a payment method, because if it is approved, we can buy anything in our country with bitcoin. but maybe this will happen in the future, if the government allows it.

4
Binance Smart Chain + Ecosystem / Re: Binance Smart Chain platform
« on: March 24, 2024, 05:43:47 PM »
BNB is always supported by Binance Exchange. Even though we see Solana sticking closely to BNB's position, it is still difficult for Solana to overtake BNB. Binance smart chain is very popular as an alternative smart contract because ethereum has very high gas fees, even though currently there are many competitors to BNB, BNB is still not replaced by anything else.
Solana currently seems to be trying to build its own exchange and is still in the development process, the Binance Smart Chain Network must continue to provide its best performance to remain competitive with Solana, which is currently increasingly joining Solana.

If Solana has plans to build its own exchange, this is a serious threat to BNB. because there will be tough competition in the future between Solana and BNB if both have exchanges with similar projects. This will be very profitable for investors if the two compete.

5

Whales have a very large amount of money and once they make a move they will have an influence on market conditions, and they make a lot of profit quickly, so it is natural that whales never think about fairly high transaction costs.

High gas costs will not affect those who invest large amounts, because to them the gas costs feel cheap. Unlike us, small investors will always be disadvantaged by high gas fees. Even though the gas fee is high, ethereum is still very popular.
This is one of the reasons why I still like Ethereum because, as you have said before, investors don't care about expensive transaction fees because I believe the profits obtained from these investors are greater than the gas costs incurred.

You are right that those who invest large amounts in ethereum will not care about the high gas fee, because the profits are much higher than the gas fee. But the ethereum team should also think about small investors for the sustainability of the project rather than switching to other coins with cheaper gas fees and faster transactions.

6
Ethereum will always follow the price movements of bitcoin, if the price of bitcoin rises, the price of ethereum also rises. This has been going on for a long time. Currently we are seeing a market correction, this is the best moment to buy bitcoin and ethereum again if we still have funds. but if the capital is small, it is better to hold it. I only added altcoins to fill my wallet, because I felt enough with bitcoin in my wallet, even though it wasn't much.
It is natural for Ethereum to follow Bitcoin price movements because Bitcoin is the dominant one on exchanges. At least with price movements always following Bitcoin, analyzing price movements on exchanges is not too difficult because you only need to look at Bitcoin price movements.

That is the reason many investors choose ethereum as the second priority coin after bitcoin. Because ethereum always follows the movement of bitcoin, but we also have to diversify in investing, not only having bitcoin and ethereum we can also buy BNB, Solana, ripple, polkadot etc. To increase opportunities to seek profits in investing.

7
Bitcoin Forum / Re: Future of Bitcoin
« on: March 24, 2024, 11:22:24 AM »
Maybe newbies are afraid to buy during a correction, because they can't do a good analysis and of course don't have the experience. i bought coins during the correction, but only added altcoins in my wallet. because for me, I have enough bitcoins in my wallet. and what has more potential for short-term medium funds if you buy coins now is altcoins.
The main choice for Bitcoin investment is a good choice, then you diversify in Altcoins and you have to choose altcoins with a good and good reputation to be able to grow your profits.

ETH, BNB, and especially SOL are good altcoin investments, I bought some sol when the price crashed below $100 and see now it gave me a lot of profit at the moment and made my investment value even greater.

You bought at a good price, just like I did. I have also made a profit from the coins I hold Bitcoin Ethereum BNB and Solana but I still hold them. because I feel that this is not yet the peak of the bullish season, it is possible that the peak will occur at the end of this year.

8
Cryptocurrency Trading / Re: HOW TO IMPROVE PSYCHOLOGY IN TRADING
« on: March 24, 2024, 11:18:49 AM »
I agree with you in these your points listed, most especially the number 5, always practice. Even experienced traders too do incure losses in trading, but they are able to minimize it because of their use of good trading facilities and equipments and Also continues practicing...
Cryptocurrency price movements are actually very difficult to predict, but when we look at the history of cryptocurrency prices and the news circulating in several media, we will know where coin price movements occur. Even though it is not accurate, at least the results are close enough, which is quite good.

Actually, if you make an analysis by looking at the history of crypto currency, it is more suitable for holding. but for short-term trading we need another method for making analysis. By studying crypto, and gaining experience and knowledge we can improve our psychology, manage emotions.

9
Bitcoin Forum / Re: Is Bitcoin legal?
« on: March 24, 2024, 11:17:28 AM »

I say this is still a gray-zone, because my government does not fully support or does not carry out mass adoption.
It's just about commodities, and it won't be much more than that.

Legitimate payments remain with traditional money and may not use crypto.
Nonetheless, crypto is becoming quite in demand and governments are increasingly eager to develop it.
There are no obstacles even though regulation is not entirely favorable, but it is a good path for crypto development.

Even though the government only allows bitcoin for investment and not as a means of payment, I think this is good. At least we as Bitcoin lovers can invest in Bitcoin comfortably, because the government has legalized it.

10

When buying both, this is a very smart choice because as you said, time will not be wasted waiting for the uncertain, it is better to immediately take action and enjoy the profits when both rise again, I see the price of bitcoin on the exchange has started to return recovered and this had a good influence on Ethereum price movements as well.

Both bitcoin and ethereum are the priority coins of many people. So it's difficult to choose one, because most investors prefer diversification, being able to buy lots of potential coins for investment.

11
Bitcoin Forum / Re: Invest & Hodl Bitcoin!!
« on: March 24, 2024, 11:03:47 AM »

Well, that is one of our goals in investing. We hope to gain profits for something better in the future. Because if you say who wants to be rich, surely everyone will answer that they want to be rich, but it's not easy to achieve that.

When there is something that we can do and that gives us an opportunity to make a profit, then that is something we should take advantage of, and this investment is one of them. But we also definitely have to prepare everything before investing.

Investment is one way to prepare for the future, maybe we can't suddenly become rich, but with crypto investment we can plan for it. With long-term holdings, we can plan 4 years ahead, by buying during bear seasons. This can be done by holding and trading. If you want to make short-term profits, trade.

12
Meme Coins / Re: Are memecoins really important for the crypto market?
« on: March 20, 2024, 02:11:55 PM »
It's best to avoid shitcoins, because it's very dangerous, some friends also experience losses from being trapped in shitcoins. Shitcoin is going fast, hype. If we don't unite the market we will be left behind and lose money. choose to invest in safe coins.
Shitcoins? Do you mean meme coins are shitcoins? Well, I can agree with this. If we want to avoid shitcoins, kindly avoid investing in meme coins. I think this is what you want to tell to the people.  :D

You're right, there are too many people who lost their money in shitcoins. The shitcoins can be from new crypto coins with weak fundamentals or with no fundamentals like meme coins. That is why we mustn't try to invest in the coins which only rely on the temporary hype like meme coins.

I agree with the two opinions above, meme coins are very risky, although I'm not saying they're shitcoins. but I experienced a lot of losses in meme coins, because I was trapped in high prices. This happens because of late buying and selling.

13
Before investing in any new crypto coin/tokens, you should do your own research about it. Due to the rate at which different crypto scams are every where, for me I think it is risky to invest in New crypto coin.
Look for a reliable crypto coin to invest in, to avoid loss of your money.
If we are not sure we can make a mature analysis on a new project then of course it would be better to avoid it. Because new projects do have a high level of risk and yes, that corresponds to the great potential in them.

To be able to analyze new projects requires expertise in fundamental analysis. And that requires free time and caution. And for those who are not used to it, it is difficult.

To be able to properly analyze new projects we must have the right analytical skills and that requires experience and time. New projects are very risky, even though the potential for large profits exists in new projects.

14
Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« on: March 20, 2024, 02:07:33 PM »

Well, people who haven't finished accumulating can also start again now if they are sure and can decide for themselves. Don't be afraid when the market is red and instead be greedy when the market is green. Investors must think calmly and take advantage of the correction that is currently occurring.

Yes, we must be able to take advantage of the correction that occurs by buying coins that we feel have great potential because the best time to collect more coins is during a correction and the market is in the red. It's still a good time to buy, as the halving hasn't happened yet and bullish chances are high a year after the bitcoin halving.

15
Ethereum Forum / Re: Eth hold or Trade?
« on: March 20, 2024, 02:03:21 PM »

As a result of Bitcoin price changes, we see Ethereum market price changes, Ethereum market is completely dependent on Bitcoin. The price of Ethereum changes just as the price of Bitcoin changes. Now the key is whether Ethereum is good for investing or trading. Ethereum platform has the problem of extra transaction fees, if a large amount of money is transacted, but the amount of transaction fee will be more than the profit, we have to choose a matter where we don't need to transfer extra. 
By keeping a large amount of money in any exchange account, we can trade Ethereum coins in addition to investment if we want. In this case, we do not need additional transaction fees for trading.

Yes, by storing a certain amount of ethereum on the exchange, we don't need additional transaction fees for trading. but currently ethereum is experiencing a correction like bitcoin, currently I haven't done any trading, just buying and holding bitcoin and ethereum.

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