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Messages - UNIVERSE

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1
We should I think not rely on the government help but instead make efforts to stand on our own feet even in the worst case scenario because that has happened to me and my family way back during pandemic and the disastrous supertyphoon that hit our place so hard. We are the only one who can reshape and get out from hardships in life.
Yes, it will be difficult if we rely on the government only. The government sometimes doesn't make a program that really influences our life. In my country, the government is opening up job opportunities with too complicated requirements. It is difficult to follow by every level of the society. And the job opportunities are very limited, it is incomparable with jobless people. If we rely on the government to get the job and have income, we may never succeed because it is too difficult to be accepted with that opportunities. It is better to have our own jobs, we can have jobs in crypto business or in other sectors.

I also experienced no bad situation during the pandemic because I don't rely on the government. I see many people who work with the government become jobless during the pandemic. The government offices and private offices lower the umbers of their employees. This lead to many people be jobless. If we don't rely on the government and private company, we won't experience the bad situation.


2
Economics , Sociology & Politics / Re: Gold and Bitcoin
« on: May 24, 2024, 01:46:14 PM »
So, my question is, for those of you that actually have good knowledge about Bitcoin and gold, which will you love to invest in, and what is your reason for choosing the asset?
Both Bitcoin and Gold are good assets. I think the best way is to have both of them as our assets. The reason is clear, diversification is a better way to optimize the chance of getting profits. Bitcoin enables us to earn bigger profits because its high volatility, but it is also a very risky asset. Meanwhile the price of Gold tends to increase over time, but it won't be as significant as Bitcoin price movement. The advantage of having Gold is the value quite stable. And Gold is proven to survive for many years. So, why not to have both of them, right?  ;)


3
Pump & Dump / Re: Pepe token is it pump and dump?
« on: May 24, 2024, 01:29:27 PM »
I just noticed memecoin on the CMC and coingecko with 352.2% increase this month. I can't afford to invest in this token but how is this memecoin so popular and it skyrocketed this week?
Yes, it is a trending memecoin. If you are afraid to invest in Pepe, just ignore it. It is not a must to invest in that coin, meme coin is always not recommended for investment. Specifically for the people who don't know well about memecoin nature.

I also don't invest in Pepe. Not sure why it is so popular nowadays. I think it is because there are group of people who spread the hype of Pepe coin. Many people are joining Pepe because they are influenced by the massive increase in the price. But I am personally not interested, I don't invest in hype memecoins.

Is this controlled by a pump and dump group or whales?
It is quite obvious that the price trend is caused by group people. Yes, we call them as whales. But we don't know when they will pump or dump again the price of Pepe coin. The actions of the whales are very unpredictable.

I want some insight about this and give reasons why would I invest to this memecoin or not?
Just don't invest in Pepe if you are not very sure. Meme coins aren't for the people who have lack knowledge about meme coins. I think it is only for experts or experienced people.


4
Pump & Dump / Re: Strategies for trading altcoins
« on: May 24, 2024, 01:20:34 PM »
Any shitcoin that needs pump and dump is a scam, and it is advisable that people should not invest in such project because you would not know when you will be rug pulled. Your friend should be part of the scam for him to always have the signal when the coin will be pump and he sells immediately to take profit, if not how will he know this when no one can predict the next price of a volatile coin.
Not every coin easily pumped and dumped is scam, but it is higher risk to hold that kind of coins. Most of the coins are hype coins, they only increase if they have good news. They have no clear fundamentals, they have no strong reasons to survive a long time. So even if they are not scams, investing in shitcoins are too risky. I personally prefer to invest in the most recommended coins such as BTC, ETH, BNB, SOL, MATIC, DOT, and the like. I agree that it is more difficult to predict shitcoins, so it is better to avoid them as long as there are better coins.


5
Cryptocurrency Trading / Re: Do professional traders lose money?
« on: May 24, 2024, 12:12:46 PM »
Cryptocurrency is not a stable currency trading like the fiat currency so the prediction is also uncertainty and that the same way that the price is unclear, traders also lose. In trading both experts and beginners lose their trading. And nobody is perfect. But experts gain more.
It is the nature of crypto coins to have unstable price. But we know there is a cycle of bearish and bullish. Although we don't know the exact price to achieve, but we know what the trend to happen at least. Now, it is in bullish season, the price tends to increase. I think it is clear that we have green market in 2024-2025. But we don't know when the bullish season ends, no one knows it. Even the experts, can't predict it for sure.  ;)


6
Cryptocurrency Trading / Re: Bitcoin Hit $70k For First Time.
« on: May 24, 2024, 12:09:33 PM »
Well I hope bitcoin can at least reach more than $80k this year. And many also estimate above $100k. But this is quite difficult. But it's still possible to happen. Actually seeing bitcoin a few days ago return to $70k was also a surprise. Because it happened quickly. And now the price is slowly decreasing again. So for those who trade and do not invest long term, they must be aware of current market conditions. Because everything becomes more difficult to predict in the short term. But in the long term I am optimistic.
I think it is possible that Bitcoin will reach $80k, but it shouldn't be in the near future. I think it may be in Q4 of this year, the price needs time to increase massively. However, we need to expect that there will be no bad news anymore. If we have bad news, the price may drop again and it will be hard to increase significantly. Yes, I am also optimistic that we will have a big increase again in the new few months.


7
The halving is not the only thing that contributed to the bitcoin price pump or rise; the possibility of the bitcoin price going up also plays an important role in that aspect.
 
The Bitcoin price even dropped immediately after the Bitcoin ETF approval, as if it were the perfect selling point for those who bought earlier. Whatever might be triggering the price, what I know is that before the 2nd quarter of 2025, Bitcoin will be worth $100,000 and above.
Of course, halving is only one of the factors that trigger the increase of Bitcoin price in the bullish season. News also can influence the trend of Bitcoin, it also can trigger the price decreasing or increasing. The news can make the demand higher or lower, it should bring impact on the price.

ETF issue is one of the example of the news impact. After Bitcoin ETF was accepted, it was not difficult for Bitcoin to create a new ATH. If we have no ETF news/issue, I think we may not reach the new ATH now. Ideally, the new ATH will be achieved in the second year of the bullish season, but it was achieved before the halving in this season.


8
Some people are constantly speculating that one day ETH will surpass BTC in some way, and they probably mean that it will be worth more than BTC. Personally, this is quite unrealistic considering that ETH has about six times more coins in circulation than BTC, and that, as far as I know, it still does not have a clearly defined max supply. The thing that pushed ETH even more to the side is the transition to POS, which in my opinion makes it less attractive than before.
Those people who expect ETH to chase BTC must be ETH holders.  :D
Agree, the total supply of Ethereum is one of the reasons that Ethereum price won't be as high as Bitcoin price. Another reason, the current price looks too far, they have big difference of the price. And I don't think ETH will be higher than Bitcoin since Bitcoin is the most pair of crypto coins in the market. And the last, the popularity of Bitcoin as the king of crypto coins make people prefer to buy Bitcoin over other coins, including Ethereum. Most investors must have the main asset in Bitcoin.

Furthermore, ETH's absolute ATH was in 2021 and was $4891, and if we take into account that BTC then and today is approximately at the same value in relation to USD, then we see that it is a difference of almost $2000 in a negative sense.
Yesterday, ETH almost reached $4k again. It was about $3.9k. It is likely not so difficult to return to the ATH in 2021. However, it is true that Bitcoin can increase faster, it already reached a new ATH before the halving. Sure, looking at this trend, Bitcoin seems like to always ahead of Ethereum.


9
We've just seen the worst price correction this year. From $70,000 down to $67,000 currently. :D
It's obvious that I'm just kidding on that part, but I guess before we will see the market going up, and up, we will see a series of price corrections first.
Worse correction?  ;D
It is very normal correction. Even the previous correction was deeper, it was from $73k to $56k.
I know you're just kidding, you must really understand that the correction is normal thing. As long as the price won't return to around $20k, we don't need to feel so worried.

I believe that it will start at the 2nd half of the year (probably June or July). Anyway, I still continue to accumulate Bitcoins until now because I believe that I can still double my money. If not, I will still end up profiting, and I just need to be patient and wait for a few months. There's no harm in holding. :) I hope that everybody is still accumulating Bitcoins until now. :)
What will happen in June or July?
The correction will always happen every month, but it is expected that the correction won't be so hard. I also hope the increase of Bitcoin price will be more massive, so we can have another ATH in this year. I still predict that the new ATH can be achieved in Q4 of this year. Anyway, sure we won't stop to continue accumulating.


10
Bitcoin Forum / Re: Has the bear market started?
« on: May 23, 2024, 11:59:11 PM »
Yes i also think not bear market we are now bull market. Now market some down but i think correction running. After end of this correction market will come back with his real character.

I think within short time market will fire and Bitcoin price will hit $100k and all currency will up there has no doubt.
Of course, we are in the bullrun season, it is clearly bullish market. I don't know why some people keep wondering whether it is bearish or bullish market. If the prices sometimes dropped, it is natural correction. If we have pumps, we must also have dumps of the prices of crypto coins. Sure, it is the nature of crypto coins.

No one knows when Bitcoin can reach $100k. I think if Bitcoin creates a new ATH, all altcoins will increase massively again. It is no need to wait for $100k to make all coins to increase again.  ;)


11
Trading using the DCA method in my opinion is very suitable for Bitcoin. Meanwhile, if you want to do daily trading then you can pay attention to altcoins which have very fast price movements. Maybe you can pay attention to newly created tokens on the Solana network, you can buy newly created tokens in 1 second. That way you can make daily profits quite quickly.
It is suitable for Bitcoin or altcoins. It depends on the target, we use DCA if our target is for a long term.
Well, for day trading, you are right that we can choose altcoins because it has a higher volatility. It is different with Bitcoin that may have a quite stable price in few days. The price of Bitcoin won't fluctuate significantly like altcoins prices. If we trade daily with Bitcoin, we won't have a chance to get a high profit. But altcoins are surely riskier, we must have good knowledge to do day trading.


12
Bitcoin Forum / Re: Invest & Hodl Bitcoin!!
« on: May 23, 2024, 11:52:57 PM »
Yes, if we only have $100-200, we should buy altcoins, as mentioned above, Solana and BNB are good choices, because they are not as expensive as bitcoin. I don't really like ethereum, because everyone has their own priority coins
Why we should buy altcoins? Investing in Bitcoin is no problem. With $100-$200, it is possible to buy some Bitcoin even if it will be small number of Bitcoin. Just continue to buy Bitcoin with $100-$200 every month, it will be big number of Bitcoin after 3-4 years. Anyway, if $100-$200 is maximum funds to have in a year, I agree if we are better to buy altcoins with cheap prices. MATIC is one of the example of altcoins with cheap price. I don't think it will be good to buy BNB or SOL, they are quite expensive.


13
Actually every investment we make have risk included with it whether it is new or old coin. Although Old and established one may not have much risk compared to new coin/token. That being said all new coin may not be that bad or scam if team behind it are legit and motive of the project is clear. So one have to dig into the project and calculate the potential before investing rather than going after every new coins assuming new are always good.
I agree with you. Both new and old coins are risky, no coins are totally safe. Even when we invest in Bitcoin, it also has some risks. But if we choose top coins, the chance of scams will be smaller. We don't need to worry that the coin will disappear any time. However, we can't avoid the volatility, all coins must fluctuate because crypto coins are unstable. So, old coins will be a bit safer if we compare to new coins.


14
Cryptocurrency discussions / Re: Do you still believe in old coins?
« on: May 23, 2024, 11:45:51 PM »
a lot of new projects stink, it's true. but the risk of investing in a new project is higher than in an old project, because of this many people don't dare to take that risk. I am also one of the people who is more comfortable investing in old projects.
Yes. New projects mostly did 'hit and run', they will disappear when they have enough money from investors. It is the fact that the new projects are riskier than old projects. I also prefer to invest in old projects because they more secure for investment. We don't want to risk our money into the random projects. We mustn't know much about the new projects, but we must know well the old projects. So, when we put money on new projects, it is like gambling our money into crypto projects.


15
The first thing to be considered is about the security. We mustn't stake on the random platforms. Then, I will consider the profits. I will focus on calculating how much the profits to get from the stacking. If it is not really profitable, I prefer to store my coins on the wallets only. Staking can be good if it is profitable, I prefer to not doing it if it results in low profits. And the last, I will consider how long to stake, it depends on the trend on the market.


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