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Messages - Dr.Bitcoin_Strange

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1
If you are willing to take the risk by participating in a retrodrop or other airdrop that requires capital, you will get a higher profit than a free airdrop. Many free airdrops are not successful, but if you have free time, go ahead.
I never join retrodrop, I am a bit afraid to join airdrop that requires some funds. In my opinion, airdrop should be for free, it doesn't need any amount of money. If we have many failed free airdrops, I also think it may also fail for the retrodrop. It is no big deal if we fail in free airdrops but it will be very bad if we fail in retrodrop. I don't want to lose money easily in retrodrop, that makes me not really brave to join retrodrop.  :-\
Yeah same here, I have never tried joining a paid one as well and this is actually my first time hearing retrodrop so yeah I'll check this one as maybe it's worth it a try if ever I have extra money if not then free airdops are sometimes profitable but yeah majority of those I joined into are just a waste of time. 😅
I've always believed airdrops to be a complete waste of time, I only hear people talking about profiting from airdrops but none of the testimonies have ever motivated me to considering the option of participating in any airdrops because most of them are scams and the few that are legit are almost worthless and valueless when they're finally listed, so why go through the stress of wasting your precious time with something like that.

2
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 I mean we are remembering the day when someone bought a pizza with 10,000 BTC, if we remember events like this, it could inspire the trust in BTC and may might want to benefit from it believing that it could rise up in future, I mean, nobody will like to be like the guy.
First of all, it was actually 2 pizzas and yes such a cautionary tale could indeed have the ability to build up some motivation in the heart ofanny investors as it'll open their minds to the possibilities of Bitcoin. Even I do think about the story sometimes and imagine just how devasted that dude who paid 10,000 BTC for two pizzas would be today ( if he's still alive), I mean I would be if I were him

But looking at it on the bright side, if he hadn't initiated such a transaction then, his name and story wouldn't be remembered and talked about when discussing notable moments in the history of bitcoin every single year, so it's actually a good thing and a sort of inspiration for other Bitcoiner.

3
For those who have experience and knowledge of investing in new coins, they can invest in new coins. I tried it but experienced losses several times. I prefer old coins that have a clear reputation. because the risk of new coins is quite high and I have no experience investing in new coins
My past experiences with altcoins generally has been quite devastating and awful, both old and new coins, so right now I prefer to just stick to investing in Bitcoin, aiming for its long-term potentials rather than investing in a coin that I can't even predict its short-term or long-term outcomes.
Altcoins are not entirely safe ( for me) as it carries lots of risks, both new and old coins, because I've seen and witnessed lots of projects that's been in the market for quite a while and has made waves in the cryptocurrency industry but are nowhere to be found now, which makes it even more scary.

4
If you are worried about the last Bullrun and are afraid that the price of bitcoin will drop drastically after that,
then you need to prepare to take the profits that you will target.

But before that you need to fill your bag as fully as possible now, set the main target and take the profit when it has been achieved.
My main target for the last ATH is $100k and after that I will just see how the bitcoin market develops, whether it will go down after the big Bullrun or will it just standby and continue to reach new ATH again.

If someone is afraid about the bull season and is in doubt that will there be another ATH or not then he should plan a selling value so it can help him to avoid panic situations and will help him to make money for which he has made investment.
Rather than planning or deciding on a selling value as you've said, I think a better approach would be to consider the investment for its long-term profits rather than the short-term, because this actually helps a lot in getting rid of the effects and impacts of temporary market fluctuations on the investor (if it's Bitcoin you're investing in, and not altcoins).

5
General Discussion / Re: Afraid of investments?
« on: May 19, 2024, 11:24:39 PM »
Everybody wants to gain profits by investing. That's why they are so anxious in investing in case they lose money. As far as ICO's are concerned most of the ICO's are scam, so why would one invest in these projects.
A very large portion of the ICOs seem to be scammers. I stopped accepting most bounties due to the large number of companies that never go past the presale stage.
Exactly why I stopped investing in altcoins, now I see altcoins as a waste of time and money, a ticking time bomb that could go off anytime, too risky, promising high profits that they don't end up keeping to.

My previous experiences with altcoins investments has been a total mess and that's why I choose to just stick to Bitcoin, it has so far proven to be the safest and most profitable crypto asset to HODL.

6
General Discussion / Re: Do you think the earth is flat?
« on: May 19, 2024, 11:15:40 PM »
From high school curriculum, geography tells us that the earth isn't flat but spherical ( shape of am egg) and the difference in time zones and the rotation of the earth around its orbit proves this.
If the earth was flat, then the whole world would experience daylight and night at the same time and the the whole world would be using the same time zone.
We all know that the earth rotates, it was flat, the whole world would get the same reaction whenever the rotation occurs.

7
Have done this and not extending my time now because since I learn Hodling means completely ? i understand why I must not check my funds from time to time and yeah to try preventing checking the market mostly.
because sometimes this will bring you to change your decisioning because of those mistakes.
Yeah, a HODLer actually has no need to always be checking on his wallet or his bitcoin quite frequently, because one the benefits of HODLing is to ride out temporary market fluctuations and you're considering Bitcoin for its long-term potentials rather than monitoring the market movement as it could force one to emd up makimg drastic and uncalculated risks.

Well the only reason one can check his wallet more often could be for the sake of acquiring knowledge for reference purpose  or to get information about the wallet he uses for developments and if the need for possible adjustments would arise.

8
I come to the question when I have to make such an important decision, should I choose the first or the second option, which is better and safer for you people? How long do you leave it on that option?

If you are looking for options ideas then definitely I would say you stick with long term holdings.  The more you engage in long-term holdings, the more you benefit, and keep your assets in noncustodial wallets.  Wallets that are very strong and less likely to be hacked, if you keep the keys in a safe place, then no other person can transfer your assets to another wallet.
HODLing for the long-term has indeed proven to be the best approach to making amazing profits, but this is only applicable to bitcoin as it is the safest asset to HODL, I don't know about other altcoins, because I consider them to be nothing more other than a ticking time bomb waiting for the right time to explode and you can never know or predict exactly when that is to occur...
And yeah choosing a non custodial wallet is indeed the safest way to HODL you bitcoin as it also secures and keeps your privacy safe, which is also very important when it comes to crypto.

9
Basic Questions about Cryptos / Re: Bitcoin Votality
« on: May 19, 2024, 10:13:07 PM »
I am a long-term holder, I often don't care much about market volatility, I focus on DCA and identify potential profit-taking zones when the bullrun occurs. I consider high volatility to be a good basis for BTC and the crypto market to get better media coverage, attract the attention of potential investors and create a foundation for the next cycles.

Volatility is one reason we get a chance to buy the dip. Many of us look for a chance to buy more once the market goes up and regret not buying when the price is low. Fortunately, the market has moved in both directions over time, and we have had a chance to buy cheap coins. One of my friends, "Crypto Library," was telling me that I was looking for a dip to accumulate more. But unfortunately, when the market moves to lower trend, we wait for further dump and miss that opportunity again.  ;D
Inasmuch as Volatility has its advantages, it also has its disadvantages too, Volatility has made the market really unpredictable, and for those who prefer to time the market, it can be really disadvantageous to them as they can not really predict exactly when the price is low enough to buy more and when the price is high enough to sell, one can end up buying, thinking its the lowest the coin can go and then end up seeing more reds, thereby resulting to losses, and one can also end up selling at a price he feels he's made enough profits, and then the real bull run kicks in and he regrets selling.

10

In my opinion, right now it's best to trade or buy for short terms because market conditions have improved and there is a possibility that another correction will occur. As you predicted, the bullish possibility will occur later this year. And the price of bitcoin has started to rise, altcoins are also rising, be careful if you want to buy

market dynamics are very complicated at the moment, declines are sometimes without cause, even when looking for nothing, the market can go down, correction after correction makes investors panic, especially those who are just below average middle class traders, the fear of losing is always looming at this time, always be careful and Be careful if you want to enter the market at this time
The market is already like this from the start on which there's no way that you could really be able to predict on what would happen on which there's no way that you could really be able to know
on where it would really be moving whether up or down. It would really be just that depending on how someone will really be that trying out to handle themselves whether they would be selling or buying on their current position.
The market is indeed really unpredictable and it's such a shame that some investors, out of ignorance end up making wrong choices due to FOMO or fear of losing, some end up overinvestment or selling at a very low price and when the market finally corrects, they end up regretting.
Inasmuch as one  cannot really entirely predict the market, it's always important to always draw some knowledge from past performances, I'm not saying one should always rely on past performances, No, because past performances doesn't always guarantee future outcomes when it comes to cryptocurrency, but past performances could serve as a guideline and one could really learn so much from it.

11

The Hodl strategy is a “safe way” to make peace with volatility while earning profits in the long term
But a Hodler should also regularly follow news about platform updates, wallet updates, and developments in laws and regulations are also important, because governments in some countries even require crypto assets to be reported on tax forms.
HODLing is indeed the best approach and technique to get rid of the emotional impact of temporary market fluctuations and it's effects on an investor and to an investment, especially when HODLing for the long-term.
At least you won't need to be regularly checking on the market, have a heart attack when the market is in red or panic during a bear market.

You're right that it's only essential for one to check for developments concerning their wallet, just incase there are any developments that requires necessary adjustments.

12
Cryptocurrency discussions / Re: Do you still believe in old coins?
« on: May 19, 2024, 09:00:51 PM »
We must always monitor the market and make predictions of market movements. Currently the market is starting to improve, and we should continue to monitor every coin we own, if it has reached the selling target, we should sell it quickly. As you said, let's not be greedy. Later buy again when the market corrects.
The crypto market is very volatile and highly unpredictable so how exactly can you predict when is the right time to buy and when the right time is to sell?
The answer is you can't, when it comes to altcoins, regardless how long it's been in the crypto market, all you're doing is gambling with your funds, because, altcoin investment is all about predicting the right time to sell and buy, which is almost impossible to do, greedy or not, everyone wants to make profit when they enter into an investment, even if you're in profit, you would still want even higher profits, and when there's no assurance that the token would be there until your set target, there's always every tendacy of a crash or a dump when dealing with altcoins, which makes it very unsafe to be considered as an investment.

13
When investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luck
Diversification of investment is indeed essential but diversifying by jam-packing your wallet with lots of shitcoins won't increase your chances of profitability at all, it will on the contrary create room for the possibility of more losses.
Like you've rightly stated, bitcoin is the safest and most profitable crypto asset to HODL, and if you ever feel the need to diversify your investments, you could consider buying other assets, such as gold, silver, even real estate assets as they're also very safe and have the potential for future growth, rather than gambling with your money by filling your wallet with ticking time bomb tokens that could be dumped anytime along with your money.

14
Cryptocurrency discussions / Re: Would you buy TRUMP?
« on: May 19, 2024, 08:47:39 PM »
This is the kind of project that Seems to be pump and dump and the one that I am really afraid of dealing , maybe there there will be some good views from this because Trump seems to be winning the presidential election and this coin will truly benefits from that standing by the presidential name .
I view all altcoin projects, especially the new ones (regardless who the developer is) as pump and dump, shitcoins and unsafe to invest in, I wouldn't advise anyone to invest in such project, especially projects that starts of incredibly insane profits and still offer even more higher profits as they could be dumped at anytime and you end up losing your money.

The safest crypto asset to invest in has always been and still is bitcoin, plus it offers even more bigger profits in the long run than all the shitcoins that promise to give what they can't even stick to.

15
Gambling discussion / Re: Suitable for persons 18 plus to gamble
« on: May 19, 2024, 07:17:06 PM »
At the age of 18 you can be said to be an adult, but as an adult they are still under the supervision of their parents, where they still need to ask their parents for their needs, if they are to gamble, I think at the age of 18 they are allowed to start gambling, but with the caveat that they can already earn their own money, if they still ask. It's better to focus on school first and then start gambling
I don't think it really matter at what age a person starts to gamble, as long as they understand risk management and they can earn money for themselves without having to rely on their parents, guardian or anyone else to fend for their basic needs.
If they're able to earn money for themselves and ake care of their basic needs then they can  be considered to be responsible and can take full responsibility for their actions, even gamblers who are considered to be adults but lack good risk management skill or responsibility could still be vulnerable to the dangers of gambling.

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