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Messages - Dr.Bitcoin_Strange

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Basic Questions about Cryptos / Re: How often do you check on your Crytpo/Bitcoin?

« on: Today at 10:29:07 PM »

Quote from: bitterguy28 on May 15, 2024, 10:03:18 AM

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.

Basic Questions about Cryptos / Re: A wallet as a container of money or exchange?

« on: Today at 10:20:09 PM »

Quote from: Power420 on Today at 05:19:53 PM

Quote from: Doovla on April 26, 2024, 12:04:16 AM
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.

Basic Questions about Cryptos / Re: Bitcoin Votality

« on: Today at 10:13:07 PM »

Quote from: Learn Bitcoin on Today at 03:31:46 PM

Quote from: MrSpasybo on May 18, 2024, 09:57:56 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.

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.

Cryptocurrency discussions / Re: This bull market will likely be the last one, don't you fail!

« on: Today at 09:14:13 PM »

Quote from: milewilda on Today at 05:58:38 PM

Quote from: MUGNIA on Today at 05:13:13 PM
Quote from: doc on Today at 12:42:47 PM

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.

Cryptocurrency discussions / Re: How can I choose which cryptocurrency to invest in?

« on: Today at 09:07:09 PM »

Quote from: koang on May 15, 2024, 03:31:12 PM

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.

Cryptocurrency discussions / Re: Do you still believe in old coins?

« on: Today at 09:00:51 PM »

Quote from: legend45 on May 18, 2024, 07:49:56 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.

Cryptocurrency discussions / Re: How much % of your assets are allocated to crypto?

« on: Today at 08:54:05 PM »

Quote from: dekafee79 on May 12, 2024, 02:54:51 AM

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.

Cryptocurrency discussions / Re: Would you buy TRUMP?

« on: Today at 08:47:39 PM »

Quote from: bitterguy28 on Today at 07:25:34 AM

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.

Gambling discussion / Re: Suitable for persons 18 plus to gamble

« on: Today at 07:17:06 PM »

Quote from: MUGNIA on May 11, 2024, 02:58:53 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.

Gambling discussion / Re: In your all-time gambling activity, do you end up with a profit or a loss?

« on: Today at 07:10:44 PM »

Quote from: 0t3p0t on Today at 12:33:27 AM

Well that is great and good for you mate as I personally has majority of my bets goes bad though it was just a small amount of money but still counted as loss which is the majority of all the results hopefully I will be lucky soon ro get back all the losses I have. 😅

Don't even think about it mate cos I don't see that happening, except of course you're able to come up with an effective gambling technique that enables you to win more often, which is also almost impossible, because gambling is designed to always be in favour of the house more than the gambler, so if you're hoping that you're gonna magically recover all the losses you've made so far, no matter how small, then you'll be really disappointed and if you still persist, it could result to more losses or even worst, so it's best you just concentrate on your normal gambling routine and forget about how much youve lost, as long as you're gambling responsibly and enjoying the experience, that's all that matters.

Gambling discussion / Re: No risk no gain

« on: Today at 07:01:08 PM »

Quote from: enwi on May 12, 2024, 08:46:30 AM

Slots and dice have very high risks, we cannot make any predictions in dice and slot gambling, I prefer to do sports gambling which still makes it easy for me to predict which team will be the winner. Even though the profits I get are not too much, at least being able to grow my assets in gambling is quite good.

Not having to go through the stress of predicting the possible outcomes is actually what makes slot and dice games really interesting because it really doesn't require any level of skill or experience, it's 100% dependent on how lucky the gambler is.
While you feel a lot more comfortable depending on your own ability to predict the outcome of your game, there are others who have come to the conclusion that gambling can't be predicted, hence relying on their ability would mean more loss for them, so they believe allowing the game decide their fate is best for them rather than spending time to analyse a game and come up with a prediction only to end up being disappointed with the outcome.

Gambling discussion / Re: Do You Think Responsible Gambling Should Be Taught In School?

« on: Today at 06:51:38 PM »

Quote from: Zed0X on May 10, 2024, 12:39:29 PM

Teaching about responsible gambling alone could backfire to some students. Instead of turning their backs, they could be more curious and try it.

Especially students who are still very young, because young people can be really inquisitive and always wanna know the reason why they're asked not to indulge in something, rather than refraining from them, they'd rather want to embark on the adventure of finding out the actual reason why they're instructed not to.
Rather learning from others' instructions, they'd rather prefer to learn via their own personal experience, and you're right that this could actually be disadvantageous as the actual purpose for the teaching would be defeated.

Gambling discussion / Re: Whats your experience with gambling?

« on: Today at 06:39:58 PM »

Quote from: Sim_card on April 25, 2024, 05:42:50 PM

Gambling is all about profits and loss, and I believe that every gambler must have experienced both either you are gambling everyday or occasionally. I have lost more than I have won which is a norm in gambling. This is why I only gamble for fun so that when I loss, I walk away happily because I enjoyed the fun of the game. I was once an addict a d lost so much to gamble, but I now gamble responsible and I can control my losses now.

You are absolutely correct and that is what I also do and it has been of help to me and I wish everyone can also have the same mentality, because with this kind of mentality, I believe the high rate of addiction won't be that much and it also helps people to gamble responsibly, that is why it's always advisable to gamble for fun, because if we gamble for fun, even if we lose or win, we be glad and take whatever things that comes our way with good faith even if it's not even up to what we have loss, also having time limits and how much we can also afford to spend can really be helpful because if one becomes an addict, it will really be hard for the person to stop, although having the experience of gambling whether negatively or positively is very important, as they said experience is the best teacher.

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

« on: May 18, 2024, 05:16:34 PM »

Quote from: 0t3p0t on May 17, 2024, 07:55:43 PM

Quote from: bitmover on April 18, 2024, 07:33:55 PM
Quote from: tranthidung on April 18, 2024, 07:04:38 PM

See two charts and discover a fact that intelligent investors bravely buy in bear markets, when most serious tests on their belief and mentality. Price did not hold if there are not strong believers and investors. It's not luckiness for Bitcoin, Gold and their investors to hold price in bear markets and tested in many bear markets in history. Their cycles can be longer or shorter but you can see how psychology of market cycle works.

Just as Rothschild said , buy when there is blood in the streets:

The point is not go with buzzworda and trends. We want to be doing the opposite of everyone. Buying when the price is falling, and selling when the price is hitting ath or close by

I didn't start to sell in this cycle yet, I plan to do so after we pass 80k. I hope we do soon
I think doing the opposite of what everyone does is not just as easy as it is because we all know the fact that we should atleast have enough knowledge in doing so before we proceed to something like jumping into it fully. It also requires patience, effort, consistency and capital before achieving success but yeah that is not that easy as we all know it needs a lot of time prior to hitting the goal.

I think the goal should more of not doing exactly what others are doing, to try and modify what others are doing and not necessarily do the opposite, because in some cases, everyone could be doing the right thing but not doing it well, so doing the opposite means doing the wrong thing while trying to do it right and the result would still turn out to be wrong.
The crowd have a way of making an effective approach look or provide ineffective results, so the best thing is not to follow the crowd but to modify what they're doing and make it a lot more effective.

Bitcoin Forum / Re: ATH of bitcoin 2025 ??

« on: May 18, 2024, 05:06:25 PM »

Quote from: DAMKAR on May 12, 2024, 03:17:48 AM

Quote from: JISAN on May 11, 2024, 07:15:15 PM

Bitcoin price has previously made very large ATHs that were several times higher than its previous ATH. But now it looks like that may not happen because according to the current price of BTC, its market cap is $1.2T. I expect Bitcoin's next ATH to be between $85-$90k and I don't think the peak will exceed $100k. However, it may take until 2025 for Bitcoin price to cross $100k. So I can say that according to my prediction bitcoin price can be $100k in 2025
Many hope that the price of botcoin will reach more than $100K, because they saw that the price of bitcoin before the halving had reached ATH $73K. It is possible that the price of $100K will be reached by the end of this year, if you look at Bitcoin's movement which seems to be slowing down due to frequent corrections

The effect of the just concluded halving is enough to drive bitcoin to 100k and it will, but when it will is what is still uncertain, it could happen this year or next year, nobody really knows, but what we know is that it'll surely happen anytime soon.
The acceptance of the bitcoin spot ETF was enough to drive bitcoin price to a new ATH so the halving is more than capable to drive bitcoin to even a more higher ATH after the correction in the market.
I have a feeling it's gonna be a bumpy ride for investors.