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Messages - DAMKAR

Pages: [1] 2 3 ... 143
1
Binance Coin (BNB) / Re: I Am Now Into BNB: Happy, Hoping, Doubting
« on: April 28, 2024, 02:06:39 PM »
That's why we have to do research and make an analysis before investing, so that with limited funds we can make a profit and not lose due to wrong investment. Caution and experience are the main capital in investing.
Exactly, as you said, by doing research before investing, at least we know the risks that might occur and know what coins are good to buy and keep for the long term. But I prefer to still choose Bitcoin as a long-term investment.
If we choose Bitcoin for the long term, we must also have experience when it is bearish and when it is bullish. Don't just buy and hold for the long term if you want to make big profits. because holding also requires research and analysis so you can do it at the right time and of course buy coins that really have potential such as bitcoin and ethereum

2
Cryptocurrency Trading / Re: Fear or greed
« on: April 28, 2024, 02:04:32 PM »
Hopefully this falls under trading.
I'm gonna make it short
There are two emotions i believe dictates trade and leads to either gains or losses. Fear and greed.
They are like every investors companion.
Which do you think is more dangerous?
Profit and loss is a common thing in trading business it is very natural that there will be profit as well as loss. But I am particularly concerned about fear and greed, and I will talk about greed because I think it is one of the most dangerous things in the trading world. However, if a trader can control his greed then he will be able to progress in trading. As far as I know a trader is the one who suffers the most due to greed.
Greed will make us lose, so it is recommended that we have a plan and target for selling our coins. because greed usually occurs when the target is achieved, we still hope for bigger and bigger profits. And it turns out the price goes down, we miss that opportunity

3
Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: April 28, 2024, 02:02:33 PM »
If you hold established coins, then there is a good chance of gaining decent profit in the long run. It would be better to avoid shit coins.

Trading is also beneficial, if you are a experienced trader.
Unfortunately, in my opinion, there is no good coin other than Bitcoin. Bitcoin has very good characteristics, with very high demand and limited supply, which makes me confident that Bitcoin can be stored for quite a long time.
Trading and holding are two different things. One is instant buying and selling and the other is holding. There are also some pros and cons to trading in the crypto space. But among all these advantages and disadvantages the most important to me is that if a trader can trade well then he can earn some cash but there is more risk involved. Due to a small mistake, you have to face a big loss. But a holder has no such problem. If he can hold for a long time then he will definitely be able to earn profit. Those who hold Bitcoin for a long time they will not loss.
In my opinion, we can do both holding and trading. if we have experience, knowledge and expertise in trading. If holding is just buying potential coins and holding them for a long time, this all depends on the capital and skills you have.

4
Ethereum Forum / Re: When etherium Hit $5k
« on: April 28, 2024, 12:36:07 PM »
It is very tuff to predict about cryptocurrency market. But all statistics following we can understand that within 2025 Bitcoin, Ethereum and others cryptocurrency price will increase therw has no doubt. History telling us after halving bitcoin price increase through full years and we know when bitcoin price increase then all cryptocurrency market go up and when bitcoin price go down then all cryptocurrency price go down. I i strongly believe within 2024 Ethereum price will hit $5k and within 2025 Ethereum price will hit atlist $10k.
Cryptocurrency price movements cannot be predicted accurately because sometimes coin prices are always manipulated by whales who have a lot of capital so logically all analytical techniques cannot be a guarantee of the continuation of further cryptocurrency price movements.
Actually, the analysis technique is based on the habit of looking at charts and the possible possibilities that will happen. but if whales manipulate the market, that's an extraordinary event. so we can't analyze it but at least we still have a strategy to minimize losses if a dump occurs. for example by diversifying several coins.

5
Ethereum Forum / Re: Reason why you hold Ethereum
« on: April 28, 2024, 12:33:49 PM »

Actually, your suggestion makes sense, if we have to think about protecting our capital before we think about investing or trading. but there are people who take higher risks by investing in new coins whose future is unclear. This is also the way of people who do not think about their capital
It's possible that he bought the coin without researching it first, so he just bought the coin and ended up getting stuck with a lot of capital. That's why it's important to do research before deciding to buy coins.
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Research is the main thing that must be done, because we know that investing in crypto is dealing with our assets. If we are not smart in managing risk, our capital will be lost or reduced. Especially if we only have a little capital and try to learn to invest, this will have an impact on our economic life.

6
Ethereum Forum / Re: Who is Ethereum's biggest competitor?
« on: April 28, 2024, 12:30:08 PM »

Solana is still providing quite good development and shows that Solana is a very consistent project that provides quite good service. At least we see that there are good projects that are developing and can compete with the BSC and Ethereum networks.
Yes, we see that the Solana dev team is always making improvements to the project. And we also know that Solana has the potential to become a competitor to ethereum and BNB. This is a good thing if there are competing network projects.

7
Ethereum Forum / Re: Why you need to stake your Ethereum now
« on: April 28, 2024, 12:28:14 PM »
Staking, even though the profits we get are not big, at least while we wait for the market to improve, we can still make a profit. Because when the market is bad, all we can do is buy coins and wait, it is difficult for us to trade when the market is bad
The staking method does provide security and comfort when trading, but as you said, the profits you get are not that big, so this method requires a lot of patience. If you see that many people have made a profit from trading, staking will not be the same as that.
Even though the profits from staking are not large, this is a safe way and we still get profits when holding long term. Staking is the right way if we buy the coin when it is bearish and have a 3 year plan to hold it waiting for the bullish season
The profits from the staking method depend on the capital we use. As long as we use large capital, the profits we will get will also be quite large. But if the capital we use is limited or small, the profits we get will not be as much as you imagine.
Agree, if we use large capital for staking we will get big results. But is it safe to hold for the long term using the staking method on an exchange wallet? This is also a consideration for investors.

8
Ethereum Forum / Re: ETH predictions of next week.
« on: April 27, 2024, 09:58:34 PM »
As the king and pioneer of crypto currency, Bitcoin has always been compared to altcoins. If the price of bitcoin rises, the price of altcoins will also rise. We all always look at bitcoin first in the market, then look at altcoins. because bitcoin is the center of crypto
It's true, the price of Ethereum depends on Bitcoin price movements, therefore, even if there is good news that aims to increase the price of Ethereum, it will be difficult if Bitcoin is hit by bad news that causes chaos in the market.
If this happens, it is possible that the price of ethereum will experience a slight increase. Because after all, we know that the price of Bitcoin will always affect the price of Ethereum and other altcoins. Good news for ethereum will not have much impact, if there is bad news for bitcoin.
Today, while other top coins including Bitcoin were allowed to dump, the price of ETH pumped up a good amount.  And it looks like the price of ETH will cross $4k again very soon. SOL has created a lot of hype in the market and BNB is getting a lot of investment so the price of ETH has been in a certain price range for a while but the pump in the price of eth today seems like ETH is probably going to show something good again. eth price may hit $3.5k next week. There is some possibility of that
If bitcoin's condition remains the same and struggles, I think we will see the market remain in the red and ETH will not reach $3500 next week. Since bitcoin seems to be declining and is stuck at $63K, it is likely that the market will be quiet, because everyone is waiting to buy or trade because I see the trading volume of some coins dropping drastically

9
Bitcoin Forum / Re: Invest & Hodl Bitcoin!!
« on: April 27, 2024, 09:54:05 PM »
Calm down, friend. We just saw a correction from bitcoin yesterday and currently the price of bitcoin is starting to improve and creep up to reach the previous ATH of $73k. I still have confidence in holding altcoin, because I bought it when it was bearish last year, so bought it at a low price.
Bitcoin has improved a bit yesterday after the drop to $60k. It could reach $67k for a moment, but it dropped again to $63k. I think it is difficult to expect for $73k anymore in the near future. We may needs several time for reaching the price above $70k again. It depends on how the news in the next few days. If we have good news, the price of Bitcoin may increase again above $70k.
Almost everyone has the same opinion, they are waiting for good news which will have an impact on the price of Bitcoin increasing. as it looks like bitcoin is struggling to get back to $73K. It is possible that the Bitcoin price will drop below $60K. We'll see in the next few weeks
Bitcoin price is still hovering around $63k today. I don't think it can go below $60k. But if it falls below this price then the price may stop at $50k and then when the price pumps again Bitcoin may see a huge price of $100k or more. But those who believe and have enough ability to invest long term should invest in long girls and hold them for long term.  Because when someone keeps following the price of Bitcoin after investing in Bitcoin, they will panic and sell in the afternoons out of impatience.
Just as I think, if bitcoin goes down I estimate it will still be above $50K, if it touches below $50K, it means that the ATH figure that many predict bitcoin will reach $100K will be difficult to happen. That's just my analysis. and holding for the long term is the right step if you want to invest in bitcoin.

10
why do people panic and sell their coins throw some light on this topic and share your opinion
Bitcoin price is not stable and we have seen from past history that Bitcoin price dump much more than its ATH but after a long time pump again much more and create new ATH as well.  But it takes a long time but not everyone has the patience to hold the bitcoins until then, so they panic and sell the bitcoins to protect themselves from a major crash. many people do not have full confidence in Bitcoin and sell it in panic. so not everyone's reason for panic selling is the same.
In fact, those who have been investing in bitcoin and altcoins for a long time understand the movement of the 4-year cycle. Why should we panic if we buy it during a bearish season and hold it for 3-4 years until the bullish season comes. The panic occurs because the money used is not free money, if they use money that is not needed in the near future, they will remain calm when the market dumps.

11
That's right, friend, altcoins were created to be able to anticipate transaction speed and cheap fees compared to bitcoin, but bitcoin is what drives altcoins to move upwards.Altcoins always have advantages, and quite a few are actually destructive, so you have to be smart when making altcoin choices, in contrast to Bitcoin which has certainty.

No doubt. Bitcoin is the pioneer and Safe Haven, while altcoin is the Utility.
Investing in utility coins will always have more risks, but more risk, more gain.
And yeah, the Crypto space is full of scam projects and Scammers.
Getting scammed is horrific. They drained our savings.
So, doing research is one way to increase our possibility of making a profit before deciding to invest. DYOR for safe
You are right that bitcoin is safe to invest in, while altcoin is riskier but has a greater chance of making a profit.
Responding to whether bitcoin needs altcoins? I think the two have a complementary relationship, because there are many altcoin technologies that Bitcoin doesn't have.

12
Bitcoin Forum / Re: Is Bitcoin legal?
« on: April 27, 2024, 09:39:08 PM »

So far only 2 countries accept Bitcoin payments. Everyone is afraid of Bitcoin because price movements are very volatile so many governments have taken policies not to accept payments or transactions using Bitcoin. It feels like Bitcoin will never be accepted in many countries because the available supply is also an important influence.
Very fast movements will certainly affect every payment that is not appropriate, and no one wants to suffer a loss from every transaction they make. If it goes up, they will certainly benefit. What if Then it goes down? Then the losses clearly haunt everyone who wants to accept the transaction. You are right in saying that the supply is also very limited and, of course, this is not ideal for use. A decent one is something like USDT which is always stable, and the supply is also very large.
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Perhaps this consideration is why Bitcoin has not been accepted as a payment method in many countries, because it is unstable and of course very volatile. You are right, the most suitable as a means of payment is USDT: ;D

13
Dogecoin Forum / Re: Doge as an good investment
« on: April 27, 2024, 09:30:35 PM »

With a net profit of that amount, in my opinion, what you produce is very good because not everyone can and is capable of producing what you do, especially if you are consistent, you will certainly continue to develop and get maximum results.
Keep up the good work, friend. I would love to be able to do like you, but I don't have that ability.
You are right, many people want to have an income like that. But everyone's abilities and experience are different. Some are suitable as traders because they have good analytical and predictive skills, and have enough time to focus on monitoring the market. And there are also those who are just holders.

14
Ethereum Forum / Re: Who is Ethereum's biggest competitor?
« on: April 27, 2024, 01:55:56 PM »
Solana is only 4 years old so it's natural that it can't surpass the popularity of BNB, let alone ethereum, which is an old coin. so everything needs a process to become more popular. and solana is developing in that direction, with network technology that can compete with ethereum and BNB,
With that age, and now it is very popular, this is a very good achievement for Solana and they must continue to improve the technology they want to develop and remain in their goal of being the network with the lowest transaction fees and having the highest speed compared to other networks.
I agree with you. At only 4 years old, Solana is already competing in the top 5 coins, this is quite a great achievement from the Solana team. By looking at this, if the team is consistent in improving the Solana project, competing in the top 3 is something that makes sense in the next few years.

15
I think high gas fees are a serious problem that must be resolved, because as we know, many other networks offer lower gas fees and better transaction speeds. If high gas fees are not a serious problem? Is ethereum ready to lose its users? Hopefully our discussion will be heard by the ethereum team, so that they can immediately improve their project
Unfortunately, the developers do not take the problems that ethereum is experiencing seriously, especially the fairly high gas fees, because they realize that gas fees will decrease by themselves when transaction conditions on the ethereum network are not too congested.
Doesn't it mean that transactions on the Ethereum network are not busy, that means the market is quiet? If the market is quiet, we shouldn't expect the price of Ethereum to rise, so the transactions carried out at that time are only purchases. because when traffic goes down and gas fees also go down, that's the bearish season

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