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Messages - bayu7adi

Pages: [1] 2 3 ... 39
1
Yeah it is all the matter of choice either we like to invest in centralized assets or decentralized ones like Bitcoin. But in my own perspective people are now trying to jump into Bitcoin because of some positive events. The only thing with Bitcoin is that it is a high risk high reward investment whereas gold it is more stable physical asset that does not gave opportunities like Bitcoin.
Bitcoin is a symbol of freedom, and many people seem to want that freedom. Gold and Bitcoin are always compared, but it is like apples and oranges, because they both have different mechanisms due to the large gap in their emergence, so comparing them actually cannot be detailed.

Viewed from an investment perspective, it is clear that Bitcoin is more accessible which makes it easier for many people to get it... starting from $10 we can all have BTC... in contrast to gold which only targets rich people, because the price is expensive and there is a lower limit to buy gold is not lower than the lower limit of buying BTC.

In other words, Bitcoin is actually friendlier than gold, which is why we see a more rapid growth in Bitcoin interest from time to time.

2
Currently the price of bitcoin has touched $61k and it doesn't look like it will last long because market conditions are not very good, support from bitcoin buyers has decreased and there is a lot of bad news circulating which has caused the price of bitcoin to decline.
But good news always comes suddenly and doesn't even give time for those who are late to buy. I still feel that there are many large institutions and also whales behind the scenes who still want Bitcoin to survive and make profits for them... therefore, following their flow is the only way for retail investors to survive.

Maybe right now they haven't moved, so the bad news and negative sentiment keep coming... however, I remain optimistic for some time to come, because Bitcoin and cryptocurrencies always provide magical surprises. Just be patient and hold onto your assets for some time to come.

3
I read from an analyst that there will be two ATHs and the first was before the halving period, and now we just have to wait for the second ATH.
As usual, if the ATH is both, it is estimated that it will occur at the beginning of next year and at the end of this year it is estimated that there will be a significant increase if, in the next few months, there is a correction first to be able to encourage bitcoin to move upwards, it is not impossible that $100K will be achieved by the end of the year and The final ATH at the beginning of the year will be around $125K-$150K.
Once again, this is an analysis, and it may not happen, just like in 2021, which hoped for an ATH of $100K but didn't achieve it, so always stay alert.
The second ATH is quite dangerous, because it is speculative and the predictions of many people cannot be used as valid predictions, because many people without money will never be able to move the market. Tweets on Twitter by 1 person who has a big influence, are more meaningful than 1000 tweets from people who have no influence at all.

Always prepare yourself to face the worst possibility, because it can still be difficult to get even a small profit, especially if you have to hope for a big profit with the new ATH predictions, the majority of which have predictions that are too high.

4
The Emirates are generally very open to new technologies and have proposed zero taxes for crypto owners and businesses.
Tax matters and also the culture in the UAE is very suitable as a place for people who are active in the world of cryptocurrency. We can see that the country is a rich country and that is clearly very attractive for everyone who wants to experience freedom in adopting cryptocurrency. Even though not many people want to bother changing citizenship to the UAE, at least the regulations there are more flexible and interesting to live in.

Taxes in some countries sound really scary, such as in Japan which taxes other income (including from cryptocurrency trading) at up to 55%. Most likely this is a profit from trading, so for those who have experienced the jackpot from Memecoin and are Japanese citizens, then less than 50% of the profit will enter their wallet. That's why the UAE is more attractive because of its 0% tax.

5
I am also confident about how Bitcoin will revive after the bearish trend is over,
it is only a matter of time and then reaching a bull market will make new history on Bitcoin.
All altcoins will be affected and there are indeed coins that cannot recover from their DIP price and some also recover and follow the price of bitcoin.
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.

6
My working full online and have more time for checking market price condition, but some time when get busy after investing in some coins make limit sell order and checking after all my offline job is done. But interested by watching or spending our time every hour to check market condition, we always get moment when market crashing and has opportunity to buy back at lower price.
but for some trader have spend time with offline job, make buy or sell limit order and opening after having free time are there your order filled or not?

Investing in cryptocurrency can be done easily, I'm sure it won't take much time if you've done it before. So I think the hustle and bustle of investing in cryptocurrency doesn't really require a lot of time.

then monitoring prices with shorter timeframes shows that you are a short-term trader, or perhaps a day trader. that's normal for day traders, but for people who are busier or perhaps find that long-term investing is more fun, checking prices with lower time frames is certainly not as important. So, it comes back to each trading style.

Dump and pump moments occur more often in coins with high volatility, such as meme coins, meaning they cannot be used as a reference as an asset for long-term investment.

7
Ethereum Forum / Re: Eth hold or Trade?
« on: May 08, 2024, 10:18:24 AM »
Exactly, investing in coins has the potential to be the most appropriate way to enjoy the benefits of cryptocurrency. As long as the coins we buy are good, like Bitcoin, BNB, Ethereum and Solana, we will still make a profit.
No, it is strategy that is the key to whether we will win or lose in trading. If good coins are managed with a bad strategy, of course they will result in losses because knowledge is more important than what coins are chosen. A professional with very advanced knowledge will be able to maximize all the opportunities that exist on certain coins.

Coins with high transaction volumes and high popularity may determine their fundamental strength. So long-term investors still consider the popularity and progress of the related con roadmap.

8
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 08, 2024, 09:48:54 AM »
Honestly, your dedication to spreading knowledge about Bitcoin deserves to be appreciated. Yes, I also realize that cryptocurrency users are currently experiencing a quite worrying transition, where currently many people are more interested in making price predictions and taking advantage of using exchanges. Few care about financial freedom or the decentralized mechanisms that Satoshi Nakamoto is trying to put forward today.

But neither we nor Satoshi can prevent this, because according to his predictions, Bitcoin in the future will have two possibilities, namely dying or becoming as big as it is now. And I think the status of Bitcoin right now is to be big.

9
Cryptocurrency Trading / Re: Don't be in a Rush
« on: May 08, 2024, 09:10:54 AM »
Trading requires being able to control your patience and of course you have to be able to manage your finances and still understand the risks involved, because we don't know whether in the future the money we use for trading will still be there or not. I prefer to do traditional trading rather than having to do leverage trading like you do because the risk is too big for a new trader like me.
You forget that luck also plays a big role in making your trading always win. We can indeed learn some knowledge about trading such as technical analysis, fundamentals and so on, but if you are lucky then you will win... Meanwhile, if you are unlucky, you may lose or only win a small amount. .

Learning or knowledge does increase our chances of winning, so we still can't depend on luck alone. unless you gamble on it.

10
China has experienced times when it accepted crypto, but due to environmentally damaging mining reasons and other issues, ultimately banned it from being accepted. Maybe it's certain that they want to be able to master or control crypto, especially Bitcoin, but they can't do it and this is a problem in itself for the future of crypto development in their country. So, because their country's system is that power rests with the state, no one will be able to intervene in any decision made by the highest leadership, in contrast to European/US countries which may be flexible in dealing with crypto.
We believe that one day China will be able to accept crypto again, but it's not easy to know when that will happen.
Until now, the CBDC that China is testing is the only clue regarding China's opinion about cryptocurrency. This country has a huge influence on the world economy, and we can only see the government's decision whether it will still accept cryptocurrency as a decentralized digital currency or not.

If they remain adamant about their CBDC under the pretext that power can still be controlled, then the history of our privacy in cryptocurrencies which prioritizes privacy without interference from third parties will be over.

11
Someone who is new in the market but has just heard a lot about Bitcoin shouldn't make their investment right away, it is essential for them to first gather some information about Bitcoin to at least understand it very well despite knowing how good or how popular it is.
A better step is to have a teacher who can guide you from basic to expert level to understand the world of cryptocurrency and investment. Self-taught self-study is clearly very time-consuming and tiring, it's different if you learn using the help of the right and experienced mentor, some opportunities such as newly released tokens might also be maximized, of course by doing analysis first.

However, it is also necessary to consider that studying with a mentor of course requires a large amount of money, because this involves financial knowledge, where everyone knows that what is being addressed is the economy, so it is natural that the price is not cheap.

12
As is currently being discussed, there are lots of local news portals in my country that discuss money laundering... The government in my country immediately took the decision to tighten the KYC process for every cryptocurrency transaction. There has been no privacy here since I started being actively involved in the world of cryptocurrency (around 2017). P2P transactions are also closely monitored by the government...

I worry about the continued existence of our privacy in a Bitcoin world that the government seems to be ending soon.

13
Aside from the many things why Paolo Ardoino called Bitcoin as such, what do you think can be your own reasons why Bitcoin is something beautiful today and in many years to come?
What makes it special is bitcoin as a symbol of freedom. We can see that its existence is rejected in several governments, but there are also governments that accept it as official currency. Apart from that, there is no government interference in the transaction process, this is truly our currency and Bitcoin also gives the world the impression that something does not have to depend on the government... we can stand alone and it can be something impressive.

The price of Bitcoin from year to year never lies... it shows that the existence of Bitcoin is still a source of pride for several people, from poor people who have 1 satoshi to people with assets of millions of Bitcoins.

14
Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« on: May 07, 2024, 08:03:51 AM »
Yeah but sometimes DCA won't work if fees are way too high just like what had happened few weeks ago during and after halving. But yeah no doubt DCA would be the best way to accumulate little by little until we are happy enough with our desired amount of investments.
In my opinion, there is no harm in storing BTC temporarily in an exchange wallet, as long as transaction fees are still high and waiting a few months is not a burden for a holder. Exchange wallets are also not as bad as you might think, as long as you don't store BTC there for a very long time. Just wait for normal transaction fees to return, then you can immediately purchase BTC to store in your personal wallet.

In fact, high fees will only prevent us from selling BTC, and that is in accordance with what we are doing, namely holding for longer. As long as there is still a positive trend regarding BTC price movements, high transaction fees will only have a significant effect on people who frequently use it for transactions.

15
Cryptocurrency Trading / Re: Simple practices to improve trading.
« on: May 07, 2024, 06:43:29 AM »
Patience is indeed needed or something crucial because dealing up with unpredictable prices is something that cant really be easily be done up by someone. You would really be needing up that kind of good emotion handling specially your patience and this isnt something that will really be that a walk in the park even if it sounds too pretty basic.

But of course too much patience could really be having that disadvantage too on which you could potentially missed out on selling on the peak and ending up on holding even further longer
and its not something that we dont really like to experience on. So better be wise on making up those selling points.
That's where the importance of selling targets must be determined from the start, whether based on time or based on profit percentage. If you keep waiting without a target, sometimes you just miss the right moment. Apart from that, there are also several impacts of greed, where there will also be moments that are missed, making a holder have to wait longer for that moment to come again.

The point is, don't be greedy when you become a holder... make sure you have a target for selling assets, before the moment you want passes you by.

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