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Messages - Gladitorcomeback

Pages: [1] 2 3 ... 40
1
However, if they take advantage because their target has been achieved, that is much better, because they committed to their target at the start. Sometimes consistently holding on to something we plan is difficult, especially when we see the bigger profits we can get.

The reason that many people think they can get bigger profits makes a lot of them hold onto their assets even when the time might be right for them to sell because the price has reached their target point but now they are becoming greedy and thinking that they can get more profit if they keep holding. This practice can sometimes be beneficial because the market might go higher than that point, but sometimes it backfires because the market starts dropping from that point.

When the market starts dropping from where they didn't sell thinking they will cash in more profit by selling later, that is when they start regretting their decision but nothing can be done. So it's important for one to make such decision after considering all the outcomes.

2
Yep... we have just witnessed the Bitcoin bearish market reaching $57k in the last few weeks, but I think that is over and I am still optimistic about Bitcoin's movement which will prepare to welcome a bullish moment in the near future. That's what happened in the previous halving, where the price of Bitcoin experienced a dump shortly after the halving moment occurred... but in the following few weeks, if the cycle were to repeat itself, there would be a bull run moment for quite a long time... we'll see in reality , because it won't be long now.

We don't know exactly, the bull run can start tomorrow or next year, all we can do is speculate and make predictions based on the current situations and market prices. When Bitcoin reached $57k, that was a strong correction, I wouldn't call it a bearish market because when we are in a bearish market, the market doesn't tend to start recovering this soon and it will probably go way lower than that.

So we saw a correction, a strong one, and that is completely normal because the market is volatile and if we expect the prices to go up, we should bear them coming down as well, so such dips and corrections every now and then keep the market alive and keep it fun and entertaining.

3
My roommate just got hired for some webwork from what I think is an upcoming crypto and I want to get in early, but I am not used to doing research on new companies, and I think the forum is blocking my post when asking about the company by name, so that is not going to work. How do I start on the basic research on a company like that to see if I should invest?

Get as many details as you can from your roommate since he has been hired by them so he must know something about the project because I can't think of an employee knowing nothing about the company they are working with. Once you are done with that, start from their website, look at how it's built, whether it looks professional or not, and see how it's designed and developed. A poor project will always have a poorly designed website.

After that, read their whitepaper, and make sure that you copy random paragraphs from it and search it on Google to see if the content is original and hasn't been copied from somewhere else. Last but not the least, keep an eye on their social media handles, see how active they are and how much engagement they get from their followers, ec.

4
Ethereum Forum / Re: ETH going to 3k
« on: Today at 02:44:49 AM »
We should be expecting more from Ethereum in the near future because it may seems like everything about the coin seems not being attractive as we have expected, but things have to do with time and season regarding the performance of some of this cryptocurrencies, because it will still make a new all time high soon only for those who were able to wait patiently in expectations for it to perform outs tritely again.

What makes you think it is not as attractive as we expected? It is the second-largest cryptocurrency in the market by market capitalization, it is the second-most trusted cryptocurrency in the market after Bitcoin, and it is the largest altcoin that has ever existed in the market, and besides all these things, it has been holding this position for a very very long time, so I don't agree with what you said.

Transaction fees of its blockchain might cause problems sometimes, but the developers are always working to fix those issues by implementing new versions and forks, and I'm pretty sure that ETH is going to perform extremely well in the upcoming bull run.

5
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 09, 2024, 08:42:39 PM »
We know this and even before now they never believed in bitcoin because then many of them where seeing it as something that is so manipulative and some point could lose their investment and yes they don't really get convinced just like that, let say someone just came up something you never had experience of or even know how it looks like and asked you to invest or put your money would you just put your money or you would wait to monitor how that thing works first, and maybe would want to be thoroughly convinced before you could do that so, same thing is applicable to the current world where people are wanting to delve into bitcoin investment not just of utilizing the true nature of it but both in profits and they believed is going place and here to stay.

No doubt about that, people need to do their research before they get involved in Bitcoin or any other cryptocurrency in general if they have never heard of them before or don't know what they are, how they work, where they are stored, etc. There is nothing wrong with a person saying that they will first need to understand them before they decide whether they want to get involved or not.

To be honest, I don't think that a person wise enough to understand basic things and realize actual potential wouldn't stay away once they do enough research about Bitcoin and other cryptocurrencies, especially after they check its price history because it's insane.

6
Cryptocurrency Trading / Re: Do not neglect fundamental analysis.
« on: May 09, 2024, 08:19:47 AM »
No matter how good the existing fundamental analysis techniques are, when you trade on Meme coin and applying analysis like this of course it won't have any effect, techniques like this can sometimes only be implemented in Bitcoin even though they are not completely in accordance with what we have learned.

Meme coins don't work like normal cryptocurrencies, so neither fundamental nor technical analysis works if you are applying them on a meme coin because their movements aren't regular or they don't move based on the market but they depend on community hype and they gain or lose value when they are being hyped or being abandoned by their investors.

So when someone decides to invest in a meme coin, they need to understand that they can't know its future or see whether it has potential or not by doing an analysis but they can just make a bet on it with a small amount and see whether they win or lose after some time.

7
Cryptocurrency discussions / Re: Anonymity - good or bad?
« on: May 09, 2024, 03:02:32 AM »
The anonymity is the best in the crypto community but to some extent we are still identifying some members through the identification of the country base their accent and locale the person comes from. Recently my country government asked Binance to release the uses of the exchange in the country to them but Binance refused. And if the government had an assessed and access the users database then many people that are in the cryptocurrency ecosystem Bank accounts would been blocked, banned and stopped from operating. But the anonymity helps us.

The same is the situation in our country, the government doesn't consider Binance or other trading apps or platforms legal, they say they are illegal and anything you do regarding cryptocurrencies is illegal even though there is no clear law about it so far. The banking sector is extremely against cryptocurrencies, you can't make transactions or use an account for cryptocurrency trading purposes.

If you have a bank account and you are suspected by the bank for being involved in cryptocurrencies, they will block your account and freeze your funds immediately, and when you ask them the reason, they will say you need to provide proof of funds to get your account released and funds unfrozen.

8
From where I live, it isn't that easy. That's why I don't try to. I am mainly based in rural areas, and here, the adults aren't that aware of Bitcoin or any other crypto currency or any related stuff. If I try to, they will think I'm doing something illegal or bad. My relatives, my neighbors, and even my friends don't know what I do. I don't want them to have mixed feelings. I tried once, but it didn't work. And the biggest issue is that crypto is banned here. So nobody wants to mess with the authority. You sure understand my place isn't that convenient to discuss or convince people about Bitcoin.

To be honest, regardless of the laws, regulations, rules, and every other thing in your country, what you are doing is the right thing and even if cryptocurrencies were legal within your country, you shouldn't have been letting people know that you are involved or you have investments in cryptocurrencies or how much profit you have earned so far, etc., because this can become a security concern for you.

Financial activities and things related to them should be kept private because others shouldn't have any concern with what you have or what you are doing other than your regular job that you do which anyone can see, I wouldn't even recommend discussing your salary from your regular job with people you don't trust.

9
Meme Coins / Re: Does Good Luck Play a Role In Crypto?
« on: May 08, 2024, 02:18:24 PM »
In the instance you mentioned where the lady said she only trades when her cat is indoors, I don't find that is related to luck, that is called being superstitious and that is a different thing. Some people believe doing certain things at certain times tends to give them more success and it is complete cat shit in my opinion. Your luck isn't influenced by such things and those who believe in such things need to understand that these are all myths.

In my opinion, luck in crypto is when a person invests $100 in a meme coin that has just been launched, and that meme coin manages to gain significant success in the next few days and earns that person hundreds of thousands of dollars. That is what you can call luck.

10
Decentralization is probably the best attribute of Bitcoin and it is what makes it the most beautiful currency in the world because no other currency is as decentralized as Bitcoin in the whole world. Bitcoin promotes individuality and financial privacy that a lot of people wanted but never got but now with Bitcoin, a person can have their money stored in a safe place while no one apart from them knows about it nor they can access it.

There are a lot of other factors as well that make Bitcoin attractive, one being it's volatile nature because people know if they buy Bitcoin today and store it, they can get more value for their money in the next few years which has made it so popular these days.

11
All the day traders that I know are losing. You can see them telling you today that they won, they can be telling you many days or weeks that they are winning. But after sometimes they will said that they made a mistake and lost huge amount of money which is more than the money they started using to trade. Trading should not be daily or scalping, it should be for patient people that will know the right time to enter and leave the market.

Such mistakes are made by people entering the market, making a few trades, earning a few bucks, and thinking they have mastered it, and then they will make an investment in some shit coin or meme coin thinking they will earn a lot of profit shortly but they lose their money.

So, of course, trading isn't for the impatient and those who aren't knowledgeable enough about the market. Someone isn't supposed to rush into the market to start trading so that they can start earning money as quickly as possible because only those who take their time and enter the market after learning everything will get success in trading.

12
What regulation? There is no regulation that limits the price of Bitcoin and altcoins. No one and no institution control the price growth of Bitcoin and altcoins. So, it is impossible to predict that it is the final bullrun season. I think the bullrun season will repeat in almost the same scheme because we already make it as habits. Another reason is about halving that always happens every 4 years.

To be precise, a bull run doesn't even have to wait for the halving event every time, I know that we have been seeing this happening from the beginning where the bull run comes only after the halving event because that is when a cycle gets completed, but if we see the actual reason behind a bull run, it is just an increment in demand and if that demand arises before the halving, we can witness a bull run.

A halving doesn't necessarily make the price of Bitcoin go up, it reduces the increasing supply which increase the demand in the long run by reducing the supply but the main reason behind a bull run is the demand which generally increases after the bull run because people tend to think that the prices will start going up after the halving event which is why they start buying right before it.

13
In fact, it's not as important as you think, because basically the price changes are not caused by your activity, but by market activity... Long term holders should not check prices too often because it could affect their emotions in holding... target Long-term investments are time-based, so you may only need to monitor prices if you have free time...

Important or not, it just feels right to stay updated about the market and how it is doing, you need to be aware of the prices of certain cryptocurrencies that you might have on your watchlist for a potential investment you have been thinking about, and even if there is nothing of that sort, it still isn't easy to stay away from the market, especially if you have some money invested whether it is for short term or long term.

I don't know how many times a day I watch the market, there might be no purpose but after every now and then I reach out to my pocket, take out my mobile, and check the market only to stay updated about the prices because I like doing that, no obligations but still.

14
The title of your thread makes it difficult to comprehend. But you should know that wallets is safer since you have full control over your keys. Storing funds on exchanges is like giving these third party your keys and funds to hold. Anything might happen and your funds will be gone so it's better to store your money using good wallets and not exchange wallets.

Despite the safety factor, an exchange isn't to be used as a storage because it provides trading and related services, and you are only supposed to use an exchange to buy and sell your assets if you want to hold a certain asset for long term, you should create a wallet and transfer the funds to that wallet so that you don't face problems if there are any issues with the exchange.

Traders should only keep the trading capital that they use on a daily basis in their exchange accounts and keep all other assets outside of it in a non-custodial wallet to keep them safe from attacks and exploits. It is not wise using an exchange platform as a wallet in any case.

15
Trading and investing have all experienced losses. As you said, the experience of losses will be an important lesson for every trader so as not to repeat the same mistakes. We as humans are a place where we always make mistakes, whatever the type of mistake.

Losses are inevitable, if you are into a market that you know has volatile assets and the prices of those assets keep fluctuating up and down, you should know that you can get both profits and losses if you invest money in those assets. So there is no doubt that every single person involved in such a market will experience losses whether they are new in it or experienced.

There is nothing wrong with making mistakes because we are humans, we tend to make mistakes in everything we do, the problem is if we don't learn from our mistakes and keep repeating the same mistakes again and again. We need to learn and grow because of the mistakes that we make.

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