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Messages - OcTradism

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Rank: Hero member
Bech32 address: bc1qhqeqjx4vg9f2ypks6esqhd092lgtxk8m7gec43

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Cryptocurrency Trading / Re: Trading Vs Hodling
« on: January 17, 2024, 05:12:32 AM »
Hodling is a risk free and profitable business where people get high returns.
Hodling is a risk-free activity. Investment is risky so hodling or holding is risky too.

Quote
When you hodl, you definitely leave an asset for the future from which you can earn a lot of money.
Hodling is risky by many reasons.

First and most important, it depends on the asset you pick to hodl. If you pick a wrong asset like Terra, FTT tokens to hodl, I am sure you will lose most of your money. It is not risk-free.

Second, how you hodl it is important as well. Picking Bitcoin is a good choice but if you hodl your bitcoin on centralized exchange account, it's risky. If you hodl it in your wallet but you use a close source wallet, it is risky too.

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Whereas trading is risky but hodling is never risky it always leads a user to higher profits.
Wrong as I discussed what is wrong in your logic.

2020 changes for projects with marketcap $100M to $1B.


3
Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« on: January 15, 2024, 02:39:28 AM »
Questions like this always happen when bitcoin is on the rise and when there are tons of newbies showing up and I guess the answer would still be the same.
Bitcoin is still very much worth buying. Many rely on the price in this case but they don't pay attention to the plan because in the end if their plan is far enough away maybe even for the next few years actually when looking at the current price it is still very worthy and worth it to buy because after all our goal is not for the short term.
With each Bitcoin's 4-year cycle and its big bull run, many people will change from outsiders to become newbies in Bitcoin market. They will ask this question which repeatedly appear many times.

"Is Bitcoin expensive now for me to buy?"

The fact is an asset is always expensive for one person if the person does not have belief in future of that asset. Bitcoin was expensive when its price was a few cents, few dollars, some hundred dollars and even $20,000. In 2022, when it was exchanged with price about $16,000 it still was considered as expensive with many people.

Now, with price about $42,000, is it expensive?

Next months, when it reclaims the $69,000 all time high, will price like $42,000 be considered as expensive?

The year chart shows you can get profit by buying and holding some years.
https://charts.bitbo.io/yearly-candles/

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It must be the way of thinking that happens in this case because bitcoin is expensive we can only collect a few bitcoins with the amount of money we have but in the end things like that will also be refuted by several strategies such as DCA that are carried out.
Dollar Cost Averaging is a good strategy for investment. Because you will not have to mind about short term changes in the market, fuds and more.
https://dcabtc.com/
https://costavg.com/

4
Ethereum Forum / Re: Why you need to stake your Ethereum now
« on: January 15, 2024, 02:33:58 AM »
Like the Bitcoin ETF, later the Ethereum ETF will definitely be able to make the Ethereum market even higher. even though basically the price of ethereum will be able to rise high following the price of Bitcoin in the market. especially after the Bitcoin halving which will occur later this year. So, during the Bullish Era, these two things could be quite a trigger for the ETH price to rise. And while waiting for this, staking can be a way to make a profit while holding.
The working flow was Bitcoin Futures ETF approved then Ethereum Futures ETF approved.

Last week, we had Bitcoin Spot ETFs approved with 11 Spot ETF applications were approved by SEC.
If this working flow won't be broken, but repeated by SEC. they will approve Ethereum Spot ETF applications in May 2024 that is nearest deadline of current Ethereum Spot ETF applications.

Ethereum will have its bull run without Ethereum Spot ETFs, because we will have a big upgrade on Ethereum blockchain in 2024. Capital in cryptocurrency market is dominated by Bitcoin and Ethereum. Bitcoin starts its bull run first and a next one will be Ethereum.

Ethereum itself has good burn model to make ETH is deflationary in its total supply.
https://ultrasound.money/


5
Bitcoin Forum / Re: Top 3 Bitcoin security and safety tips
« on: January 15, 2024, 02:19:50 AM »
Storing the seed-phrase offline also requires a media that is resistant to damage so that it will secure the seed-phrase.
Many media such as steel plates, aluminum etc. can be used to print seed phrases.

Instead of just using paper which will certainly be easily damaged and eventually can no longer be read, this will make the wallet inaccessible.
Storage is also important and should be well-thought-out.
Whatever your backup methods are, you must make multiple backups and must diversify them with multiple backup methods.

Paper, steel plate, USB and on your airgap device too. With backup method diversification, you proactively reduce risk of completely losing your bitcoins when your backup can not be used for wallet recovery.

Probability for one backup is damaged will be bigger than probability that multiple backups in different methods and stored at different locations will be damaged at the same time.

Steel plate backup reviews

A Treatise on Bitcoin Seed Backup Device Design
Metal Bitcoin Seed Storage Reviews

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Rank: Hero member
Bech32 address: bc1qhqeqjx4vg9f2ypks6esqhd092lgtxk8m7gec43

7
Forum related / Re: Teleport Members from other forums - Teleported Users
« on: December 27, 2023, 04:26:58 AM »
Hi admin, please teleport my account from Bitcointalk

UID: 2590147

Thank you

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