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Messages - bayu7adi

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Ethereum Forum / Re: Eth hold or Trade?

« on: Today at 10:18:24 AM »

Quote from: MRY on Today at 08:56:29 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.

Bitcoin Forum / Re: What Happened To Bitcoin?

« on: Today at 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.

Cryptocurrency Trading / Re: Don't be in a Rush

« on: Today at 09:10:54 AM »

Quote from: enwi on May 07, 2024, 11:04:20 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.

Cryptocurrency discussions / Re: If China soon welcomes crypto: strong bullrun?

« on: Today at 08:49:30 AM »

Quote from: yohananaomi on Today at 08:31:56 AM

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.

Basic Questions about Cryptos / Re: Be careful of the coin you invest on.

« on: Today at 08:32:29 AM »

Quote from: Gladitorcomeback on May 05, 2024, 08:35:40 PM

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.

News related to Crypto / Re: Samourai Wallet seized and founders arrested

« on: Today at 08:24:55 AM »

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.

Bitcoin Forum / Re: Bitcoin: The Most Beautiful Currency in the World

« on: May 07, 2024, 08:14:06 AM »

Quote from: TomPluz on May 05, 2024, 03:40:17 PM

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.

Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?

« on: May 07, 2024, 08:03:51 AM »

Quote from: 0t3p0t on May 05, 2024, 10:44:13 PM

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.

Cryptocurrency Trading / Re: Simple practices to improve trading.

« on: May 07, 2024, 06:43:29 AM »

Quote from: milewilda on May 06, 2024, 08:03:28 PM

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.

Cryptocurrency Trading / Re: Hold and trade which is best for you?

« on: May 07, 2024, 05:32:31 AM »

Quote from: Sim_card on May 04, 2024, 08:50:00 PM

I have zero knowledge on trading and I am not ready to practice it, because it is very risky, and stressful. I am a bad trader and I don't want to run at loss, so I hodli instead of trading. Hodli gives good profit, if you can endure and go on a long term ride, because the price of bitcoin keeps on increasing overtime.

I think many people are aware of this, where holding sometimes doesn't take up our time... there's no need to monitor prices all the time... even after I observed it, some holders check prices just to find out the current market conditions, the decision to sell or buy will depend entirely on time or pressured by necessity.

Currently I also enjoy being a holder where to get a profit sometimes it takes longer, but because the coin I hold is Bitcoin, I believe in the future.

Cryptocurrency discussions / Re: Do you still believe in old coins?

« on: May 07, 2024, 04:53:30 AM »

Quote from: 0t3p0t on May 06, 2024, 07:13:48 PM

The oldest coin I've been holding is Bitcoin alone and newer ones are memecoins. I am still hopeful to reach my target to get a whole Bitcoin though I don't have timeframe to really have it but as soon as I have it I'll post it here. It's not that easy to have that challenge knowing that I don't have enough money or weekly Bitcoin income to fill it in but yeah it is the only oldest coin I have for now.

I think many people have almost the same strategy as you, where the main coin BTC is the main investment, while the meme coin which has recently generated large profits, is used as additional income. Yes, we really can't expect much from assets with high volatility, even if we get a profit, we have to be grateful... and if we don't make money from trading memecoin, at least we don't have to regret it.

The oldest coin I own is also Bitcoin, but I'm not interested in diving into the world of meme coins at the moment. Maybe in the next few weeks I will start thinking about it when the bullish moment arrives.

Announcements [ANN] / Re: ✅ Coinomize.biz | Bitcoin Mixer | Bitcoin Tumbler | Since 2019 ✴️✴️

« on: May 07, 2024, 04:21:07 AM »

I see the ethereum logo on the left and the monero logo on the right, but when I hover over the two altcoin logos, it doesn't lead to any page? Can you provide a little explanation regarding this??? Is this an upcoming feature or just page decoration? Because initially I thought I could mix ETH or XMR with Coinomize.

Cryptocurrency discussions / Re: Again, Don't Ignore Security

« on: May 06, 2024, 07:02:21 PM »

Even though you don't all mention some of the dangerous things on the internet, in general the points you convey are quite worthy of attention. Some websites now have deceptive interfaces, sometimes someone is willing to click on several buttons on the page which actually endangers their own security. This is very disturbing, but this kind of criminal model is very difficult to eliminate because the victims are always there.

It's a good idea to increase security when surfing, especially avoiding websites that collect data on our computers. Or if you want to be more secure, separate computers that store very sensitive data to avoid theft of important data.

Basic Questions about Cryptos / Re: A wallet as a container of money or exchange?

« on: May 06, 2024, 06:26:31 PM »

Quote from: taufik123 on May 05, 2024, 11:03:41 PM

Must learn from many events that have happened, how a lot of top exchange users' money was lost due to the actions of his own CEO who manipulated and used user money.

Now enough people are aware of the security of their own assets and no longer trust a centralized Exchange completely.
Personal wallets are better for storage, and the Exchange is only for trading and the funds used have also been determined according to the amount you want to trade, then withdraw slowly when it is profitable.

Indeed, a lot of people talk about the wallet weaknesses of the exchange, but in fact, Binance currently holds tens of millions of USD in assets and is trusted by many people around the world. I actually also don't recommend exchange wallets as the main wallet for storing most assets, so I agree with you that exchange wallets are only suitable for storing assets that will be traded.

It should be an additional note that each personal wallet requires its own way to keep our assets safe. Securing private keys in the best way is the key to the security of the assets we store in our personal wallet. Yes, at least by securing assets in our personal wallets we can all have a process for developing techniques to secure assets in our personal wallets.

Basic Questions about Cryptos / Re: How often do you check on your Crytpo/Bitcoin?

« on: May 06, 2024, 10:00:57 AM »

Quote from: Baofeng on May 06, 2024, 01:17:31 AM

yes, it's mandatory for crypto holder to check the price of their holdings. Specially for Bitcoin in the last week or so, we have seen swings, from $63k-$57k and now we are back at $63k again.

So from time to time, even if you are short or long term holder, you must check the price and see the current news that could have affected this price movement be it negative or positive news.

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...

just knowing the price without taking action seems to happen more often to long-term holders.