Anonymity - good or bad?

For me, it is actually always good and appropriate for this digital business.
Maintaining anonymity in cryptocurrencies is mainly one of the things that makes many people interested in cryptocurrencies, so that they are not subject to certain regulations and also do not have to reveal their identity for one thing or another. For this reason, anonymity is quite important and has an influence on the world of digital cryptocurrency.

However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?

Just don't trust anyone.
Don't trust anyone who tries to scam you. And don't easily believe in various sweet promises made by other people towards you, with promises of high proofs, high investment results, assistance, and all things related to requests to send a certain amount of money, assets, personal data, and especially foreign seeds. or access to your wallet. Just don't trust everyone in the digital business, be aware and watch out.

Generally, meme coins will last for short terms, not for any longer investment time. meme coins will seem bigger and more acceptable for they are often getting hype. and hype coins are the most common meme coins nowadays. thus causing meme coins to explode and skyrocket in price.

but on the other hand, when we talk about utility tokens, if the team is truly professional, then this will be more worth it. because utility tokens will usually create something that is reliable and can also attract the attention of potential investors.

BTW... right now I only have FIAT and BTC, because I exchanged my BNB for BTC a few weeks ago. I want to only own 2 crypto assets, namely BTC and ETH in the next few months, and I will cash out everything into FIAT in Q4 2024, precisely a few months after the Bitcoin halving.

This is clear plan.
Indeed, even though we are focused on developing Bitcoin and also crypto because we will face a bullish era, it cannot be denied that fiat is also very important, not only in case you want to convert to crypto again when the market crashes, but also as funds. reserves or other financial management up front. Actually, I was a bit surprised when you decided to convert all BNB to BTC, but once again this is all included in one's financial and investment strategy. So of course there has been careful consideration as to why it is like this and like that.

Personally, I still hold several top coins, but Bitcoin is the main one, more than 50%. For fiat, it seems mine is much smaller, only around 5%. This might be quite stupid because I was too excited during the market crash yesterday haha

But yes, the most important thing is that the coin has enough potential. I also think to start taking profits when the bullish era starts again, in Q4 it looks like it will be one of the peaks. But maybe there will be a little left for early next year. However, it will also depend on how the market runs and develops, because sometimes our strategies and targets change or shift according to the market situation at that time.

Attention on memecoins has increased exponentially since the start of the bull market. We have also seen an increase in the number of fake memecoins and naturally, this means more people fall for scams.

That really is an extraordinary increase. In fact, it seems like we can find meme coins every day, meaning new meme coins. And they are meme coins which have definitely been hyped or are currently hyped. Just imagine, even now, there are many meme coins that are quite successful and are in the top 100. Many, so we really understand the dilemma of the existence of these meme coins. These are just a few meme coins that might be worth it, but most of them are pretty shit.
https://coinmarketcap.com/view/memes/

Regardless of whether the Halving is near or not, I myself hold Bitcoin and also several altcoins. Maybe the difference is in what altcoins we hold. So far, I have mostly been into top coins which are in the top 10. But I don't have all the coins.

After that, there were indeed a few coins that were in the top 100 at least, but some of them were the result of launchpads in certain exchanges. So, you still have to be alert with various altcoins from the new project. And I do it in a very small percentage.

Quote from: UNIVERSE on April 16, 2024, 11:41:49 PM

This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.

As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.

I agree, the more we involved ourselves in the market, the more we become aware of what is right or wrong. So for us, we don't panic, we validate first what is going out in the market before we make that decision to sell or not.

So not going to be easy even for those experience but at least with our experience, most likely we are not going to panic sell and let everything subside and settle down and it could be a win win if everything turns out that the dip is just the normal volatility that we are seeing in the market.

Indeed, experience is something that is very valuable, because from experience we can learn. But more specifically, it will also depend on the person's personality, in assessing what happens to them and learning from experience. So this will give rise to quite a variety of decisions in the future. experience in trading, especially bad experiences, definitely not just 1 or 2 times, of course many times, and this is sometimes what makes us stronger and understand how to analyze and organize strategies in trading. The note is: we can really take lessons from this experience.

Sometimes we know that a newbie is making a mistake, but we cannot tell them not to do it because it is a financial matter. We cannot take risks in other financial matters. Imagine someone is going to sell now because Bitcoin is crashing at this moment, if you ask them not to sell and Bitcoin crashes further, he will start to blame you because you asked him not to sell his bitcoin. Even though we know the market will be normal again and Bitcoin will gain over time, they will still blame you and sell at a lower price. However, the person will buy again when he sees that Bitcoin has started to pump again. These things happen to all of us. LOL. Bitcoin is not for people who do not have patience.

It's quite a disaster when your heart's intention is to advise or give advice to someone. Because the situation may be different from ours. However, at least, the book provides some sharing of information so that people can be more open in their views and thoughts before deciding on something. because sometimes, they are only attracted by various influencers who definitely only spread sweet things. Meanwhile, we at least also provide balanced information about things that are risks too. And how to respond to panic attacks more calmly. So whatever happens to the market, we at least don't need to panic or get caught up in FOMO.

Quote from: vegasus on April 19, 2024, 10:26:54 PM

I'm not sure if the bullrun is over. It's not yet over. But, this is the market crash due to some FUD around here recently. Moreover, today, we are facing halving, so this will be also influence the market condition again.  The news about miners going to sell their BTC will be also influencing. No mater what, there is similar cycle when the market will crash again around halving and the rise up again several months after halving. And at that time, we're gonna meet the real bullrun, not only for Bitcoin but also altcoin seasons.
So, what we need to do  is just for patient, being more patient and calming down with this current situation.

I think the bull run is not over yet, because only FUD from those who don't like the price of Bitcoin going up is circulating. And let it be.
Bitcoin will continue to rise like a typical annual cycle, because bullishness will occur a year after the halving. We'd better wait for that

Indeed. Let the market do it, let the whales or certain parties spread negative news. Just pray that it doesn't have a big impact on the market. yes, because amrket is very sensitive. so it can easily go up and down quickly. Yes, we just have to be ready for anything that might happen.

From here, we can also see the situation that the bullish era will actually start again some time after the halving. It may not be felt directly, it seems it will still be related to the design of the condition. So, it cannot be separated.