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Messages - taufik123

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1
According to an article I read on Cointelegraph: “This is not the first time the Solana blockchain has faced a network outage or disruption in block production. The network has suffered multiple downtimes over the past few years, and the most recent outage (which occurred on February 6) will be the eleventh time in the last two years.

This terrible!! How can a network with all these problems and outages outperform Ethereum, it is impossible.
It's quite terrible when network downtime always occurs on the SOLANA network, which has only been hyped for a few months,
after its rise from the slump due to the effects of FTX CEO Fraud.

I admit that at the beginning SOLANA was good and could create a new trend of memecoin that was extraordinary after Ethereum, but when I learned of so many problems in the SOLANA network, that became a big obstacle and made all investors now move to other networks.

2
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: Today at 07:19:49 AM »
But the problem is we don't really know exactly what their next move. Because if the strategy we are using detects the whales movement, we all now profitable. But based on the data, almost 90% of the traders failed. So this means it's hard to predict their next move. Consider this, whales also know our strategy and their goal is to make money from small traders and investors like us. So we should act different from them.
can you provide data evidence of 90% of the trader's failure?
If it is true that many failures occur it is because of the panic that occurs, because whales also have a backup plan to manipulate the market to match the strategy they do.

Whales already know the steps of small traders like us, but at least we have to get out of the zone and find another way to avoid being detected by whales.

3
-snip-
Investing in top coins is always a safer, more time-saving and easier option. The profits from a completely new project can be very large if it is successful, but the risks are extremely high, to the point where investors could lose all their capital. I do not encourage new investors to participate in such investments.
Top coins like Bitcoin and Ethereum are undoubtedly for long-term investment.
You don't need any research, it's just that you also have to pay attention to what price you get in. Since the determination you can profit more is that you can enter at a fairly low price, don't enter just because FOMO occurs.

And for a new project that is indeed good will be very hype, this provides an opportunity to double profits if it comes in early.
But it would be a big loss if the project turned out to be just a garbage and Rugpull project.

4
Basic Questions about Cryptos / Re: Bitcoin Votality
« on: Today at 06:12:21 AM »
-snip-
Market manipulation is also the main trigger for very rapid price fluctuations. yes... in essence, this is an asset with high risk, because wallets with large balances are always under public scrutiny, if it is detected that the wallet is active, then there will most likely be a slight shock to market conditions.
This is very conditional in my opinion, even though old wallets with a lot of bitcoins are starting to move,
but the Bitcoins are just being moved and not sold.
A major shock will occur when some whales move and then sell some of the Bitcoin they are holding.

But if indeed they want to sell, they will wait for a higher price, not the current price which will definitely make the market crash.

5
I use blue wallet on my android myself (available on iOS too). Simple, easy to understand interface — handy for novice, allows setting custom gas fee, RBF and open source as well.

I am using it since coinomi stopped pushing updates, experience has been mostly good minus one hiccup where it'd automatically force close upon app open, but it was solved soon after. Bugs can happen but, how soon you rectify is what matters most to me.

Website/download: https://bluewallet.io
Bluewallet is quite popular and also many users, I also have an address on bluewallet but I rarely use it and last used it for testing the Bitcoin Lightning network, but now it does not support lightning. And also I'm just to find out what the features are.

Now I prefer to use Electrum because it is the most reliable Open source wallet in my opinion,
although it does not look very attractive, but it is quite simple and easy to use on desktop or mobile.

6
Basic Questions about Cryptos / Re: Are Bitcoins a good investment?
« on: May 27, 2024, 03:03:39 PM »
Those who invest in long-term plans will surely succeed in implementing their plans if they stick to their decisions. Many times due to multiple decision changes, investors cannot hold their investments for long. But I would say bitcoin is always safe currency to hold in long term plan and we can invest in this currency if we want to in long term plan.
Buy, buy and buying bitcoin for long-term investment, will greatly provide long-term benefits compared to other investments.

The implementation of a good investment plan must be implemented appropriately and carried out in a disciplined manner.
If the plan is not carried out in a disciplined manner then there will be no successful plan, everything will find a point of confusion in the end and suddenly a plan to end the investment will occur.
Discipline is a benchmark to assess whether the investment can be successful or not.

7
I don't mean to join you in your Ethereum vs. Solana argument but I'm curious about the congestion that was mentioned. Was it really that bad that it cannot be compared to the usual Ethereum network traffic? Or maybe it's the outage that happened three months ago?
It's funny to hear about power outages for the SOLANA network, as if they don't have strong power backup.
Solana's network shutdown in February lasted about 5 hours and it was a bad reputation for Solana.

And when Memecoin hype on the Solana network instead caused a long network congestion, this was very bad and made several projects fail to launch and According to Dune Analytics, about 70% of Solana's non-voting transactions fail.

Network congestion is largely due to an influx of spam transactions, with bots attempting to prioritize their activities over those of regular users.

This problem was exacerbated by a dramatic increase in transactions associated with the newly released memecoin, creating tremendous demand for the network's block space and resulting in obstruction of access for many users.



https://dune.com/scarn_eth/solana-tx-fail-rate

8
Bitcoin remains the King, Ethereum still has a lot to prove if it wants to take the crown and the decoupling was always a dream, but It’s never happening.
ETH is losing some ground to SOL, and they in time will lose ground to newcomers and every other judgment by people is just a statement about themselves.
do you believe in your statement, is it true that ETH is inferior to SOL at the moment?
Even though ETH is the top altcoin that will not be matched by other altcoins.

I understand how hype Sol Ecosystem has had in recent months because of memecoin, but look now at how that trend ended so badly due to severe network congestion.

ETH has never even experienced congestion as bad as SOL and even remains the top altcoin with the network always being the mecca of all altcoins and new networks today.

And about bitcoin there will be no replacement, Bitcoin remains King in the crypto ecosystem and remains the unparalleled king.

9
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 25, 2024, 09:44:52 PM »
Indeed, whales are the ones who can manipulate the market because they have the biggest holdings among the others. Those whales particularly good at analysis. They know how to analyze the chart and much more with fundamentals. Usually they start to manipulate the price when they heard a news related to cryptocurrencies whether it's bad or good news they move harmonized to it. But these all is not new to us, we should know their moves so that we can make a good decision to safeguard our funds.
Whales have strong control, so never fight it.
I'm just going to follow how the scenario that whales do, follow on their backs to make a profit as well.

Cryptocurrencies are decentralized and no one can manage everything, but whales have plenty of money to set some of the trends that will occur.
they influence the media very well to change some fundamentals, do FUD, NEWS to run price speculation that has been determined.

Therefore, do not occasionally oppose the Whales if you are only a middle-class trader.

10
That is what is called experience, of course in gaining experience we will experience several losses so that we understand mistakes and will not repeat the same mistakes again. From the bitter experiences that have occurred in our lives, we will become more careful.
Be careful in the context of how to secure assets well, and analyze the market to know where the limits for buying and selling are.
Or start with a good investment by learning every knowledge so that investment can grow.

A mistake that makes us lose money, will be a moment that will not be forgotten.
But there are some people who don't even realize the mistake and keep repeating the same mistakes until they experience many losses.

11
The fourth halving will be a different halving trend than before, this is due to many factors such as how ETF interest rate policies and several SEC regulations threaten the US region with many crypto users.

Although after the halving there was a significant drop, it meant providing a good opportunity for holders to start buying back at a cheaper price.

I myself just buy now and wait for the Bull run to come soon, 2024-2025 will be a great year for the development of Bitcoin.
The diamond hand will always win.

12
-snip-
Bitcoin is still earlier than most people think, and Bitcoin is a store of value.
Holding money in BTC will more better than cash savings.
It could always be best or depending on how people respond to it.
Bitcoin will provide price fluctuations that will affect its value, but in the long run Bitcoin will indeed provide tremendous profits.

Moreover, if ATH can reach $100k++, it will be an extraordinary ATH in Bitcoin history.
Just need a little patience to reach, I also waited for ATH above $100k and that is the main target, even most people will wait for that price.

13
I participated in their launchpad and committed 500 USDC which was also the maximum amount for a wallet. The launchpad ran only for 20 minutes even though the event was designed to run 24 hours. They have reached a max capacity of 1.275 Million in just twenty minutes. Unfortunately, I got only 300+ BWB tokens and they took 32 USDC. After claiming the tokens, they returned me the rest 468 USDC.

The pre-sell price for BWB toke was only $0.1. But most people expect a good listing price. If it lists above 0.2, I am okay with that. Have you joined any of the Blast airdrops apart from D1?
Some of my friends also participated in BWB Launchpad, but they did not get the allocation because maybe they were late because of the large number of users who wanted to participate.

You get 300++ BWB already lucky enough, despite the pre-sale price of $0.1 I'm sure it will be 3x-5x when the listing is done.
Just need to see how the hype will be.

14
Cryptocurrency Trading / Re: Bitcoin Hit $70k For First Time.
« on: May 24, 2024, 11:59:03 PM »
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.
Always be optimistic for the price increase that bitcoin will have in the future.
Bitcoin reaching an ATH of $73 is already amazing and is still stuck at $67k-$70k, but it will be a fairly stable price before the price rises again through the new ATH.

My target is ATH $100k++ and that's a price target that quite a lot of people are talking about right now, and it's still very possible.
Now it is only necessary to buy and hold for the long term before the price is bullish again.

15
The annual bitcoin event is always celebrated with great fanfare and many top exchanges such as Binance took advantage of this event to distribute thousands of free pizzas to commemorate this historic day.

We know that without this first transaction, bitcoin will not have an extraordinary story and of course there are many events that make bitcoin more memorable and grow rapidly.

Happy Bitcoin pizza Day 2024

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