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Messages - EthereumDev_

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1
Every time the market becomes more aggressive, such as a drastic decline and a drastic increase, many positions are always liquidated. And yes, many traders experience losses and there are also many traders who, on the contrary, experience increases. This is what is unique about the futures market. But until now I still rarely enter the futures market. because I think the risk is very high and I can't face it yet. Because entering the futures market seems to require really cooler capital. And we also have to be proficient in market analysis.
When that happens, it should be natural because the market is currently unstable and prices tend to be stable so whales will try to move coin prices in the market by making aggressive price movements, one of which is doing pumps and dumps fairly quickly.

2
Cryptocurrency Trading / Re: Trading is not same thing as Gambling
« on: May 12, 2024, 09:11:09 AM »
Conclusion: Trading is not the same thing as gambling, but if you want to handle trading as gambling, it's just your choice.
Yes, trading and gambling are different. But it can be the same if we trade with no proper knowledge. In gambling, people expect more on the luck to succeed. Meanwhile in trading, people will try to have enough knowledge to increase the chance for success. We treat trading in a different way, we rely on our knowledge and experience to ear good profits. But in gambling, there is no way to increase the chance for success if we have no luck.
A trader who trades on a rational basis takes into account the role of chance, but does not blindly count on luck - but builds a trading system so that a series of chance events ultimately produces a profit.  A trader with a gambler’s psychology has a different approach: he trusts his intuition more and hopes to hit the jackpot.
Rational traders understand the role of chance in trading but rely on a well-thought-out system to ensure long-term profitability. They recognize that luck plays a part but do not rely on it. In contrast, traders with a gambler's mentality tend to depend more on intuition and hope for a big win, often lacking a structured system to manage risk and ensure consistent returns.
In my opinion, the gambler mentality is that of traders who have high courage, they are not afraid of the risks involved because before deciding to enter into coins they have done research first so that makes them confident to buy coins in very large quantities. In this way, they will make profits easily because the money they use must be able to arrange money specifically to be used for investment and for living needs.

3
Bitcoin Forum / Re: Invest & Hodl Bitcoin!!
« on: May 12, 2024, 09:08:37 AM »
If you feel that investing in bitcoin with $100 is not worth it, you can use low-priced altcoins to get bigger profits than buying bitcoin with just $100. There are many choices we can make when investing in crypto
In my opinion, investing with capital of $100 is quite a lot, we can save it for a very long time because there is the potential for the price of bitcoin to increase in price every five years, you can see the price soaring. It's better to make purchases little by little because it doesn't feel like you will have a large amount of bitcoin.

4
Bitcoin Forum / Re: Is Bitcoin legal?
« on: May 12, 2024, 09:06:54 AM »

It is normal that bitcoin is still not a legal digital currency for carrying out transactions because so far the very unstable movement of bitcoin prices has made every country worried that it could disrupt financial conditions in countries that accept bitcoin.
The country's concerns are like that, because the instability of bitcoin is afraid of disrupting their FIAT if bitcoin is used as a payment method. even though bitcoin's instability is actually a positive value for investors looking for profits
That's right, that's the reason why the government chose to adopt a policy of not accepting bitcoin transactions in a very active developing country. Financial conditions are a vital point for the country's prosperity. If FIAT financial condition in his country could be controlled by another country then that country would definitely be destroyed.

5
Ethereum Forum / Re: Why is Ether (ETH) price up today?
« on: May 12, 2024, 09:05:08 AM »
Bitcoin will experience a correction and the price of bitcoin will turn but will not touch the price of $50K, so we should stay calm and hold bitcoin and wait for the price of bitcoin to improve. Bitcoin will touch a new ATH in early 2025.
Hopefully the price correction that is occurring in bitcoin will not make many people panic and the price will remain above $50k, because so far if bitcoin falls to a price below $50k it will make many people panic, including new traders and those very panicked because I was trapped at high prices.

6
The most appropriate coin choice for long-term investment is bitcoin, it is the safest with limited supply and high demand. This is why the price of bitcoin will always rise after the halving or 4 year cycle.
Agree, only Bitcoin is still able to provide a guarantee of making a profit. If we can hold Bitcoin for a long time, we can make a lot of profit. Imagine when you were still holding Bitcoin from 2009 until now in 2024, how much will you have earned? ?

7
Ethereum Forum / Re: Ethereum wallet
« on: May 12, 2024, 09:01:14 AM »
Exactly Ethereum is just following bitcoin and when bitcoin hit $73k in this year, Ethereum was not rising and it was just like that in the rate of $3k. Though Ethereum also have the potential nature but as it is stable in one place is making people to avoid it. Those  coins you mentioned are also good to invest in this period. And my prediction for Ethereum before this year will end is $4k.
No doubt, Ethereum always following the bitcoin price and currently bitcoin get correction price of ethereum get little decreasing, when bitcoin success raising the new higher price has moment with ethereum break out almost $4k and since bitcoin dropping down under $60k price of ethereum keep decreasing too.
I think ethereum has chance break out above $4k depend bitcoin price, but if market not support yet and bitcoin keep decreasing I don't sure with ethereum price potential will raise to $4k in this year.
Ethereum always follows bitcoin, that's true. That's why these two coins are very safe to hold long term. but if we want to make bigger profits we can buy other altcoins, such as Solana, BNB and maybe LINK.
In my opinion, the altcoin you mentioned has a very high risk, its price movement is not very stable and there is a possibility that it will collapse very deeply when bitcoin and ethereum collapse. However, for BNB, I think I agree to go there because until now BNB still has a fairly high price.

8
Binance Smart Chain + Ecosystem / Re: Can this problem be stopped?
« on: May 12, 2024, 08:59:17 AM »
Yes, that often happens. We will often see this, where fraudsters send tokens with similar names but different contracts. You should be careful and check the contract on Coingecko if it is listed there.
Apart from that, we must remain vigilant not to connect the wallet we have to try to exchange trash tokens that we don't know who sent them. Sometimes when making an exchange on the site it will give these fraudsters access to your wallet.
yes, a lot of trash tokens are sent to the wallet we use. for example participating in an airdrop. We have to guard our wallet. If there is a token that we don't know the origin of, it's best not to make transactions with that token.
They send trash tokens to the wallet you use when participating in the airdrop because the aim is to try to lure you into immediately exchanging the tokens that have entered your wallet. For those who are new to cryptocurrency, they will think this is an unexpected blessing because it can free tokens, but for us as experienced traders we have to be careful and never connect the main wallet to any site.

9
Binance Coin (BNB) / Re: Investment of BNB
« on: May 12, 2024, 08:56:49 AM »
Binance's reputation is damaged not because of the mistakes of any transactions made by its users, as far as I know, but because of internal errors by those who do it.
Binance has done well with every suspicious transaction, but cannot freeze it unilaterally because it will set a bad precedent for its users, and they don't want to lose their users because of negligence that is done without anything that can be accounted for.
That's right, an internal error was unable to control the entry and exit of money at Binance so it was caught committing money laundering which was prosecuted by the SEC. So this error made the CEO of Binance, CZ, have to take responsibility for the problems that occurred. Hopefully Binance will learn from this mistake so that it doesn't happen again in the future with the same mistake.

10
Cryptocurrency discussions / Re: Do you still believe in old coins?
« on: May 11, 2024, 07:06:20 PM »
I am looking for the faster opportunity with short term trading in old altcoin to earn much profit and not believe full for longer time, during the movement of old coins interested and worth for short term trading I will believe but not all old coins have significant movement because many of old coins stuck with difficult raise up.
I see some old coins get difficult moving up and keep stable at lower price, just top standing of CMC with old coins has potential up faster and old coins without good progress seems not interested for investing such as XRP or XLM coins.

XRP and XLM is a coin that can be said to be semi-dead, where this coin is not large enough to have a profitable effect on its previous owner, even if these two coins can rise, perhaps the holders will sell them until they run out and will not buy them again
XRP is a potential coin, friends. We can see for ourselves the current movement of XRP and it is always in the top 10 coins. Isn't that proof that this coin also has the potential to increase in price? As for XLM, I don't really like it, that's why I don't have it in my wallet.
Exactly, XRP does have very good potential for the future, but have you ever heard news about product developments that XRP has? It seems that there are not many XRP enthusiasts anymore and they tend to just sit there without any developments.

11
Technical analysis is important to execute trade. Professional traders analyse various graphs and charts before going for trade. One has to spend time to learn technical analysis and gather extensive knowledge about trading if he wants to earn money by trading.

You don't only gather knowledge, you need other things to survive in trading and one of it is experience. If you learn all you need about technicalities in trading but you don't have the experience, you will learn another thing instead of making money, the time you are supposed to use to make money, you will be using it to align your knowledge and experience together. It's better to learn it together in the process before starting with real money.
That's right, when we study all the existing theories, we will directly have very important experiences that can be used to determine price movements that will occur in the future. I prefer to use money directly but with a small nominal amount so that in what I do I will be more careful because I am using real money.

12
I want to know what methods you follow to buy Bitcoin if you live in a country that does not have online payment services.

I live in a country where we don't have any online payment services because they are blocked by payment services, so the only way available here is via P2p.

Bitcoin cannot be purchased directly, so we use other methods, for example by purchasing a stablecoins such as USDT Tron, BUSD.

The purchase is through a broker, who receives a commission of 1-2%, then transfer USDT Tron, BUSD to any central exchange, and then buy Bitcoin at the market price.

The problem is when transfer Bitcoin from the DEX to the wallet, they take a high fees, in addition to of course the broker’s fee. But this is the only solution available here.

Is there another solution based on your experiences?
I don't know which country you live in because I don't think any country has introduced online payment method till now.  However, it is admirable that you are interested in investing in Bitcoin and thinking about Bitcoin. Bitcoin is not legalized in my country yet but we can buy any stable coin from p2p using Binance, Ku-coin exchange like USDT. Although it is possible to buy bitcoins directly, there may be losses from buying usdt and converting to btc. so we buy usdt and then convert it to BTC
It's possible that he lives in El Salvador, Bitcoin is licensed as a currency that can be used by the public, so there is a possibility that you can buy bitcoin directly without any problems. Maybe it would be better to buy Bitcoin straight away rather than having to do the two stages you mentioned.

13
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 11, 2024, 07:00:17 PM »
This year bitcoin once again brings good jump for all investors so I guess what is happening in bitcoin  is just a resting for what better coming in the next months or at least a year.
so I know that I can wait a little more before feeling frustrated at least.

So there is no article that will change my mind about what I need to deal in the future.
Usually when you want to make a price decrease there will be a pump again and after that it will enter a bearish period, for now I see the graph that has happened, there is no pump happening again, it will probably happen in the middle of this year or maybe it could happen at the end of the year This.

14

Before halving and ETF approval, I had always said and anticipated that two will derive the market!
  • US ETF
  • Halving bull run

I said, if A refuses to move the market, that B will. And fortunately A already moved the market. We shouldn't expect the effect of B almost immediately.

The market is not going higher but it is also not showing such a down dip therefore everyone is calm as they predict that if price is not going to show deep down then growth is possible at this stage. I think halving will create Positive things for us but for it we have to increase our trust and should believe that as in previous Halving the situation alters to positive response after some months so similar will happen in current halving also.

The price is better for making investments so don't use negative thoughts but if you have money then utilize your energy, knowledge and money to continue your investment to see the effects of halving.
Yes, that's right, currently market conditions are unstable, coin prices on exchanges tend to experience price declines, if it's like this then I prefer to prepare USDT and wait until the coin price drops further then buy it in large quantities.

15
Let's prove whether it will come true or not, because many people's current predictions are that Bitcoin will reach a new ATH after the halving. But first, I would like to congratulate those who bought some Bitcoin at $57k yesterday, because the asset has now grown by 10% since then.

I am forced to remain optimistic about Bitcoin, which should be above $60k at a reasonable price at this time. Hopefully Bitcoin can prove to everyone that with Bitcoin we can get a glimmer of hope to make money.

No one can give any surety about the price but it is all speculated about the price according to which people are buying and selling their coins. Sudden attainment of new ATH after halving is not easy but it will take time to go towards new ATH of more than 73k$.

Everything happens but people don't want to wait therefore they don't trust the effects of Halving as they wish for sudden effects but halving is not showing anything according to their knowledge and expectations.

Accumulating Bitcoin at lower worth will be full of profit so if you are worried about dip then it will not give you anything but if you take profit of this down turn then you can easily take benefit.
There are two good pieces of news that could trigger the price of bitcoin to rise to reach a new ATH at $73k. The Bitcoin ETF is approaching the halving, so many whales are taking advantage of this to create hype and when it reaches a new ATH they will gradually make the price fall again as is happening now.

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