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Bitcoin Forum / Re: Bitcoin bull market correction drawdowns

« Last post by tranthidung on Today at 06:13:17 AM »

Quote from: doc on April 19, 2024, 11:13:04 PM

Sometimes it's just being distracted by life's necessities that makes me sell some of my bitcoins.
That's the problem we experience when trying to hold on for the long term

You told that you only sold some of your bitcoins and I feel that you actually managed your finance very well.

It's different than many people who use all money they have to buy bitcoins, with hope that they will get good profit months later. If they are unfortunately invest around a start of bear market, that usually lasts about 2 years, their capital will stuck in bitcoin, even drop in value.

At the end, they need money, and have to sell their bitcoins, with loss compares to their entries.

So manage your finance, before investing, is very important.

For withdrawal (selling) of your bitcoins, I recommend you to check this strategy.

https://bitcoindata.science/withdrawal-strategy

Cryptocurrency Trading / Re: Hold and trade which is best for you?

« Last post by legend45 on Today at 06:12:31 AM »

Quote from: DAMKAR on Today at 02:50:43 AM

Quote from: bayu7adi on April 19, 2024, 08:53:35 AM
Quote from: Jamal Aezaz on April 17, 2024, 09:26:34 PM
Holding is exactly a secure way of earning but for holding knowledge is also necessary and sometimes people want to hold longer but they have no idea that at which price they have to sell so for this purpose they have to choose an exact value in their mind which can minimize their stress as well as greediness.
At least we also need to know the basics so that holding can be successful, because even though the task is only easy, if the strategy used is wrong, it could make someone lose money. Long-term holding should also not involve emotions, because I think many will be easily influenced by market conditions, when there are significant price changes in a short time.

Apart from that, money management and purchasing management and sales strategies must also be considered. Never hold if you don't have a target. That will only lead someone to their greedy nature.
yeah I agree don't hold if you don't have a target, we can hold coins for the long term but buy when bearish and hold until bullish, we don't need to panic because the character of crypto is volatile. If it goes down tomorrow or the next day it could go up again.

For medium term holders they have a 4 year sales target, but for large investors who have a 10 year target, they will not panic when they see the market. and the target will be very high, maybe above $200K. I am a short and medium term holder, so my target is to sell bitcoin at $80K

Cryptocurrency Trading / Re: Do not neglect fundamental analysis.

« Last post by legend45 on Today at 06:10:09 AM »

Quote from: EthereumDev_ on April 17, 2024, 07:48:35 PM

The bull run made many cryptocurrency observers very happy because all the predictions of price increases that they made were mostly realized, but for now it seems like they are entering a bearish season where many cryptocurrency prices will fall to their basic prices again.

I don't think that this is a bearish season, in my opinion this is just a correction and the price of bitcoin will rise again soon. So the analysis used to look at Bitcoin and the current market should be focused on next year, because the bullish season is expected to occur next year.

Bitcoin Forum / Re: Future of Bitcoin

« Last post by legend45 on Today at 06:08:14 AM »

Quote from: de_prof on April 18, 2024, 11:13:00 AM

Quote from: EthereumDev_ on April 17, 2024, 07:47:00 PM
Quote from: smrityirany on April 15, 2024, 05:45:13 PM
Now a day Bitcoin is a most valuable coin in the world. Some time it may lose its value but end of the day we see that it has risen very high. so never need to be frustrated rather who looks forward must stay with Bitcon. I think it has a great future.
Don't worry, bitcoin will remain the best digital currency for the next 20 years because bitcoin will definitely run out of supply and will make bitcoin increasingly difficult to find. With the technology that bitcoin has, it is very useful for the future so I am sure that bitcoin in the future will be very expensive.
Bitcoin will remain a digital currency that is of interest to many investors, maybe in the next 10 or 20 years the price of bitcoin will be really expensive. As many members here predict Bitcoin will have a bright future, it looks like that will happen

I never think about bitcoin 10-20 years into the future, I only think about bitcoin in a 4 year cycle. As I am currently focused on next year's bullish season, I am currently hunting for several potential altcoins to hold.

Bitcoin Forum / Re: Focus on knowledge, build up belief, then investment plan, success will come.

« Last post by tranthidung on Today at 06:07:27 AM »

Quote from: Lucius on April 19, 2024, 06:10:44 PM

The "problem" is that the majority do not think for themselves, but are constantly under the influence of the media and so-called "influencers". Even when people know that they are doing something possibly wrong, they will not give up if they see that others are not reacting. I bet that nowadays many people ask AI what to do, as if they will get a good answer that way.

Asking AI can be better than asking influencers and I know AI can lie you too for what it does not know from its available database. However, AI will not give you answers because they want to distort fact like influencers to get profit, while you will get loss. At least severity of this biased answers from AI will be less than from bad influencers.

Quote from: Lucius on April 19, 2024, 06:10:44 PM

$80k seems like a good start, but $100k is even better - although I don't stress too much about it since I sell when I need to

It is always interesting to see people start to predict, speculate price of Bitcoin after a halving. You are in this market a longer time than me, so I have nothing to 'teach' you.

Let's say it for newbies, they must zoom out and try to have long term investment mindset. Focus on one cycle sometimes will be very headache but if they can manage to have capital and plan for their investment like 2 or 3 cycles, they will feel investment in Bitcoin is very easy and very profitable.

Bitcoin Forum / Re: BTC created new ATH before Halving: are you surprised?

« Last post by legend45 on Today at 06:06:30 AM »

Quote from: EthereumDev_ on April 17, 2024, 07:45:26 PM

That's right, Bitcoin is currently collapsing and preparing to enter a bearish season, which will be widely used by whales and investors to buy bitcoin at cheap prices. Keep waiting until the price of bitcoin reaches $20k again and we can buy as much bitcoin as you want.

the price of bitcoin goes up again, you wait for the price of bitcoin to fall to $20K, when do you think that will happen? because it seems that bitcoin will get stronger until next year. Shouldn't you use your money to buy altcoins when a correction occurs? because in my opinion bitcoin dropping to $20K is very unlikely to happen this year

Bitcoin Forum / Re: Don't buy bitcoin only because of FOMO

« Last post by legend45 on Today at 06:04:24 AM »

Quote from: EthereumDev_ on April 17, 2024, 07:43:11 PM

Quote from: JoyMarsha on April 14, 2024, 09:08:55 PM
OP, I think that people invest in Bitcoin according to when they have the money they can afford to lose. Some people can find themselves lucky to invest in bitcoin when the price is low side and some invest when the price is high side due to that's when they have the funds to invest in bitcoin. In whichever way, whether the investor bought a low price or high price since their intention is hodl for long, they are in for profits in the future
Agree, not many people dare to decide to invest in bitcoin because so far bitcoin has had unstable price movements, as is currently happening, the price of bitcoin has collapsed and made many people panic. Investors will buy at whatever price bitcoin is available, but I think we should buy bitcoin at a cheap price even though it takes too long to wait for bitcoin to fall to the bottom price again.

of course we buy bitcoin during a cheap, bearish season and keep holding it for the long term. Many investors do that, they will hold it for 3 years, then sell it during the bullish season.

Bitcoin Forum / Bitcoin halving is beginning, not the end of a big bull run. Hold your bitcoins!

« Last post by tranthidung on Today at 06:01:50 AM »

Bitcoin halving, a fourth halving, happened several hours ago at block #840,000. From now, Bitcoin block subsidy will be 3.25 bitcoins for each new block.

Let me emphasize, a halving is a beginning of a bull run, not the end. Stay strong, keep up your belief, and hold your bitcoins tightly.

During the bull market, there will be many big tests and if you have weak hands, you will sell your bitcoins and miss the peak of this big bull run.

Zoom out, you will have stronger confidence for your investment in Bitcoin. With time, a long time frame, for example, 4 year time frame, you can see a super bullish trend. Who can see bearish signals in this bar chart?

Binance Smart Chain + Ecosystem / Re: The More Famous, The More Scammers in BSC !!

« Last post by EthereumDev_ on Today at 05:59:06 AM »

Quote from: Legion on March 26, 2024, 10:38:30 AM

Yeah up to now the trading volume at Binance has is higher than other exchanges, many rich people choose Binance for their trading place. So far Binance continues to provide the best service and provides many features to enable us to determine our desire to become a trader or investors on the Binance exchange.

This is what makes Binance remain an exchange with a very high daily trading volume. Binance is a pioneer for many developing projects. When a new project enters the Binance market, the trading volume of this new project will increase very sharply.

Solana Forum / Re: Future Solana Airdrops

« Last post by EthereumDev_ on Today at 05:57:44 AM »

Quote from: salad daging on April 19, 2024, 09:34:53 PM

Still curious about the price of the Kamino token, will it go to $1 like the W token when it is listed? Is this realistic enough buddy?

I'm not brave enough to spend large capital for airdrops even if the results will not be satisfactory because the tokens obtained are few, I don't want to take a bigger risk as the tokens owned from the allocation are already grateful.

It seems that when a bull run occurs, it is possible that Kamino's price will reach your desired target next year when the altcoin season increases in price. Usually one year after the halving there will be a bull run which will influence the prices of many altcoins.