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Messages - Dr.Bitcoin_Strange

Pages: [1] 2 3 ... 65
1
Basic Questions about Cryptos / Re: Let's enjoy what this forum offers.
« on: Today at 02:26:37 AM »
Quote from: bitmover on May 16, 2024, 04:09:32 PM
Quote from: Litzki1990 on May 16, 2024, 01:58:36 PM
This forum has been around for a long time and we can see that the popularity of this forum has increased a lot. Recently several signature campaigns are running in this forum which signature campaigns are long lasting and members are teleporting their accounts from forum to forum regularly. Since members from other forums are teleporting accounts to this forum, you can be sure that the popularity of this forum will increase in the future and this forum will definitely be one of the best in terms of popularity among all the forums.

We don't know if mixers will stay here for long... they are the main responsible for so much teleported users here.

If for some reason they shut down or stop campaigns, many of the teleported users may become inactive..
Before the mixer campaigns stepped into this community, a lot of people were already here and contributing to the community, while it's true that the emergence of theixer campaigns here brought a lot more teleported users into the community, but that doesn't mean that if they go, they'll suddenly become inactive, the forum is doing well and growing by the day and many other earning opportunities and campaigns are yet to come and will definitely come.
Yes it's true that a few members would become inactive but I think majority would stay as they'll have chances for other opportunities here.

2
Basic Questions about Cryptos / Re: Are Bitcoins a good investment?
« on: Today at 02:20:18 AM »
Quote from: taufik123 on May 15, 2024, 03:56:23 PM
Quote from: Dr.Bitcoin_Strange on May 14, 2024, 10:54:55 PM
-snip-
Although Bitcoin is a long-term investment and should be considered for its long-term potentials, if anyone wishes to really get the best out of Bitcoin, then one should avoid attempting to predict the market and just HODL for the long-term.
-snip-
HODL for the long term, but not HODL for life.
There should be a price target that needs to be achieved, even if it's long-term.
Well I do plan to HODL for life, but yeah, I most definitely do have a target and when I've somewhat achieved this target, I'd take out profits not stop HODLing, so even after hitting that set target, I'd still keep on HODLing and setting new targets, so that pretty much looks more like HODLing for a lifetime.

3
Basic Questions about Cryptos / Re: Bitcoin or Etherum?
« on: Today at 02:13:07 AM »
Quote from: Power420 on May 19, 2024, 04:38:02 PM
So now that Bitcoin has halved it is definitely more likely to start a bull run later. This is because every halving that has taken place in the past has seen the highest growth in the Bitcoin group in the year following each halving.
That's true,
But I figured out that a lot of investors had a terrible misconception about the bitcoin halving and it's effects, which actually made a few persons to make certain mistakes concerning their investments.

Most people who didn't really know what the halving was all about and who were only told that the halving brings good tidings to bitcoin and influence ls its price positively, forgot to make proper findings and research, thought that the effect of the halving comes immediately or a while after having, and then they live on this misconception that immediately after the halving, that bitcoin price would be in continuous green, and when things didn't go that way, they started panicking and some are forced to sell off at a relatively lower price.

4
Basic Questions about Cryptos / Re: How often do you check on your Crytpo/Bitcoin?
« on: May 21, 2024, 10:43:59 PM »
Quote from: CoinMin3r on May 21, 2024, 04:14:00 PM
Actually I check price of coins I hold rather than go into my crypto portfolio and check. As I know I much I hold, I just calculate myself. But I'm waiting for the right time to trade those and not hurrying even if goes up by some percentage. I'm confident good time will come for sure.
That's only applicable when you're holding altcoins, but if you're holding bitcoin, there's really no point regularly checking or monitoring current prices, since Bitcoin is meant to be held for the long-term before you can make good profits from it, so since you won't be trading it anytime soon, there'll be no point looking up the price, except of course you're just looking up the price for reference and analytical purpose.

5
Basic Questions about Cryptos / Re: A wallet as a container of money or exchange?
« on: May 21, 2024, 06:39:30 PM »
Quote from: bayu7adi on May 20, 2024, 06:01:57 AM
.

What we need to remember is, no exchange has perfect security, so all sorts of bad things could happen at any time, including hacking or other things that can cause loss of assets.
Exactly why it's not advisable to keep your funds in an exchange, not 20%, not even 10%, no matter how reputable you feep the exchange is (except of course it's a DEX), 100% of your crypto asset should always be in your wallet, except maybe you have short-term needs for that asset on that exchange, maybe you're a trader or something, other than that, an exchange is never an advisable storage option.

6
Cryptocurrency discussions / Re: How much % of your assets are allocated to crypto?
« on: May 21, 2024, 06:08:20 PM »
Quote from: Rubel007 on May 19, 2024, 11:03:41 PM
Quote from: Dr.Bitcoin_Strange on May 19, 2024, 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.
. Those who hold Bitcoin for a long time will surely get the maximum benefit from Bitcoin.
Most definitely but most times, it's not just about HODLing Bitcoin, one thing is to HODL and another is to HODL the right way.
There are people who knows that HODLing Bitcoin for the long-term brings high profits than considering the short-term benefits but one thing they fail to realize is that when you don't HODL rthe right way, youll end up losing your investment even before the profit starts coming.

A good example is HODLing Bitcoin without first making provision for an emergency fund, a reserve or a float fund to help you cover for emergencies and expenses when they arise, because surely situations that needs funding would definitely arise and if there's no funds set aside for such situations, then that means that you'll be left with no other options other than to run to your investment and take out some funds to sort out the emergency, thereby gradually reducing the value of your investment, and imagine doing this a few times, then there will be no more investment to give you profits anymore.

7
Cryptocurrency discussions / Re: Do you believe airdrops come from twitter media.
« on: May 21, 2024, 05:54:44 PM »
Quote from: 0t3p0t on May 19, 2024, 12:06:55 AM
Quote from: UNIVERSE on May 18, 2024, 11:57:11 PM
Quote from: DAMKAR on May 18, 2024, 10:02:16 PM
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.

8
Cryptocurrency discussions / Re: Crypto Events, How Could They Impact Crypto Prices.
« on: May 21, 2024, 05:20:34 PM »
Quote from: Mega Mind on May 20, 2024, 10:15:01 PM
.
 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.

9
Cryptocurrency discussions / Re: Is it risky to invest in new crytpo coin/tokens???
« on: May 21, 2024, 10:18:31 AM »
Quote from: DAMKAR on May 21, 2024, 10:04:41 AM
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.

10
Cryptocurrency discussions / Re: This bull market will likely be the last one, don't you fail!
« on: May 21, 2024, 09:04:37 AM »
Quote from: Jamal Aezaz on May 20, 2024, 08:23:36 PM
Quote from: taufik123 on May 14, 2024, 11:47:31 PM
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).

11
General Discussion / Re: Afraid of investments?
« on: May 19, 2024, 11:24:39 PM »
Quote from: yahoo62278 on May 15, 2024, 11:57:03 PM
Quote from: emmybd on May 02, 2024, 12:45:12 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.

12
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.

13
Basic Questions about Cryptos / Re: How often do you check on your Crytpo/Bitcoin?
« on: May 19, 2024, 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.

14
Basic Questions about Cryptos / Re: A wallet as a container of money or exchange?
« on: May 19, 2024, 10:20:09 PM »
Quote from: Power420 on May 19, 2024, 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.

15
Basic Questions about Cryptos / Re: Bitcoin Votality
« on: May 19, 2024, 10:13:07 PM »
Quote from: Learn Bitcoin on May 19, 2024, 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.  ;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.

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