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Messages - legend45

Pages: [1] 2 3 ... 111
1

It all depends on the price of Bitcoin, if we look more closely at this chart we will see that gold is in first place by a strong margin and all the others in the top 10 have approximately the same capitalization, taking into account the fact that Bitcoin increases 3-4 times after complication - division then you can safely multiply the liquidity of Bitcoin by 3 and we will see that Bitcoin can easily take 2nd place behind gold, and we will be able to talk about whether it will be able to overtake it only in 3 years))
Bitcoin has the potential to be second behind gold, because we see the development and movement of bitcoin so far. but we know everything takes time. I don't think bitcoin will overtake gold yet, Gold is an investment legend. it is too difficult to replace gold in physical form, while bitcoin is a digital currency.

2
Bitcoin Forum / Re: Bitcoin bull market correction drawdowns
« on: Today at 08:06:17 PM »

There are many ways to find out the right position to enter cryptocurrency, but the need for better analysis is really needed, therefore if you are more comfortable using the DCA method then continue to consistently use that method because so far the movements using this method have had quite accurate results. .
DCA is to avoid finding right positions to enter the market because the bottom line is, You can not find it accurately in price and time.

By finding right positions, you will be affected by emotion, psychology and if you miss a right position, you will start to make bad decisions.

DCA is a powerful strategy to help you avoid (1) Timing the market (2) Finding right positions (3) Eliminate effects from emotion and psychology.

Agree with your opinion, we cannot determine the accuracy of purchasing bitcoins, because it is very difficult. DCA only tries to buy bitcoin with a method that is consistent with the amount of money we can determine. As you said, we can set the time to shop, and of course for small investors like me we can buy a little but consistently.

3
I would suggest you to go for DCA strategy as that's the best strategy for the newbies. Investing in Bitcoin has its perks and some drawbacks and that's why at first I recommend you to learn about Bitcoin and its wallets and when you're sure that you have learnt enough about it then you can start accumulating by following the DCA strategy. I'm very sure that with DCA strategy you'll end up making some good profits by investing in Bitcoin.
DCA is a good strategy to do, not just beginners in my opinion. More precisely, for lower middle class investors, whose funds are not large, they can buy bitcoin using the DCA system, starting during the bearish period. It lasts a long time and does not require large funds. If a large investor can buy with a large amount, if I as a small investor buy a little, that's called saving bitcoin.

4
Bitcoin halving is only a few days away, so there is a high possibility that the price of Bitcoin will go down during the halving. Although we would be willing to hire B if given the opportunity to invest as we currently see in Bitcoin. A bull market awaits in the year after the halving takes place, so we'll definitely be investing for 2025 if we get the chance.
As usual with a 4 year cycle, we see that the bullish top will occur after one year of the bitcoin halving, if you look at the habits that have occurred during this time it is possible that it will occur in 2025. stay calm and hold your bitcoin, but this is just my opinion, all decisions are yours You.

The hour is already here where manipulators have begun to strategize by developing plans to create discord among the crypto community, thereby spreading rumors that would trigger sales of several portions of Bitcoin by minor holders

Manipulation will always happen, whales will also do it where they have prepared funds to buy bitcoin when people panic selling it. Usually beginners will panic and sell the bitcoin they hold when they see a correction, but old investors will stay calm and wait.

5
Bitcoin Forum / Re: Beginning of the Dumping Market?
« on: Today at 07:13:17 PM »
~
stay calm, there has been a bounce and currently the BTC price is back to $70k, yesterday's correction only lasted a short time and that is very normal considering that BTC has indeed been overbought recently. For those who hold, I don't think this is a big problem, because dumps or corrections happen all the time.

Let's prepare for the next rocket, the pre-halving moment is indeed the right time for experienced people to determine buy points, or new people to immediately leave the market.
Dumps or corrections will always happen in crypto, massive bitcoin buying when the bitcoin ETF agrees to overbuy, as you said. Bitcoin needs a correction to level up, because it is possible that after the correction this time the price of bitcoin will be more than $80K. We don't have much to say about $100K, but once bitcoin halves, $80K is within reach. Altcoins appear to be still recovering due to the impact of Bitcoin's fairly large correction from $73K down to below $62K. Newbies panicked then, but that's how crypto is.

6
Bitcoin Forum / Re: Is Bitcoin legal?
« on: March 26, 2024, 03:22:18 PM »
One can consider bitcoin legal if they are allowed to use and trade it over there in any country let say for instance when your country uses bitcoin for trading and buying of goods and services then we can say Bitcoin is free those who are in that jurisdiction, but that doesn't mean that its yet legal in that country. Legality comes when the central authority of the national accept it as legal tender then we can say it's legal in that country but that doesn't mean it's also legal in another country, the thing is every country has their own ways of using bitcoin therefore we can't assume bitcoin is legal in every country people over there can use without their government announcing the total freedom.

Actually, with a bitcoin ETF that is approved by the SEC, it is also good to create bitcoin that has been recognized by the SEC. If it's about Bitcoin legalistas recognized by our country's government, we can wait. There are several countries that have legalized it as a payment method. Some are only permitted as investments.

7
Bitcoin Forum / Re: Future of Bitcoin
« on: March 26, 2024, 03:12:02 PM »
But don't forget that we don't know if there is another high dump before the Bitcoin halving. I think the next big dump will be after the Bitcoin halving.

Judging by the way bitcoin behaved earlier, it will happen exactly as you say, there is nothing unusual about it at all. bitcoin or any other asset, there is always an unloading during growth, if we see a good growth, or rather to say a good (fast) growth, there should be a decline.

If we have been investing in crypto for a long time, and always follow the 4 year cycle, we are not surprised to see declines, increases and corrections occurring at any time. because the character of crypto is fluctuating. So we have to keep holding on, no need to panic. because bitcoin will rise again.

8
Cryptocurrency Trading / Re: Just HODL
« on: March 26, 2024, 03:07:49 PM »


To hold, of course, it is most important to hold for a long time. Because the longer your Bitcoin holding period is, the more benefits you will be able to reap. Especially depending entirely on the hold.

I agree, hold is the best way if you want to get big profits, buy when bearish and hold long term. This is the way I have done it all this time, the longer I hold the more profit I get. Due to many reasons why I have to hold, I don't have time to trade, and my trading skills are also not good.

9
Ethereum Forum / Re: ETH predictions of next week.
« on: March 26, 2024, 02:40:06 PM »

The SEC must consider carefully before giving permission for Ethereum to enter ETF trading and make sure everything is in accordance with existing policies and does not harm both parties, if it cannot be resolved then it is better for the SEC to cancel Ethereum's application.

For example, if the SEC is studying an  ETF ethereum proposal, they will definitely consider the pros and cons if ETF ethereum is approved.
In fact, if the ETF ethereum  is approved, it will have a good impact on the crypto market, the price of ethereum will soar.

10

Yes, that's right, if the price of bitcoin collapses when the halving has finished then that is a fairly natural price movement because there are miners and whales who are trying to sell assets and withdraw profits, and what's worse is that there is a possibility that the price of bitcoin will fall to the price bottoms again so the bearish season comes early.

it is possible that this will happen during the bitcoin halving. There will be many miners who sell their bitcoins until the market turns red, because the prediction is that the price of bitcoin will fall. Hang in there, because the price of bitcoin will rise again.

11
Bitcoin Forum / Re: Is Bitcoin legal?
« on: March 24, 2024, 05:04:00 AM »
-snip-
In my country bitcoin is recognized as a commodity asset the rest if someone makes a transaction outside of fiat will be punished, it is not recommended so for future prospects we never know the opportunity for adoption will be greater like it.
Our country is still quite tolerant of crypto regulation, quite satisfied with what has been done.
Not too prohibitive the development of crypto, even in the future with the new president will develop crypto for the better.

Regulation as a commodity asset has certainly passed many considerations, in addition to the considerable crypto risks, ordinary people also cannot control their crypto use.
Opportunities for mass adoption in the future certainly exist, but these will really be tailored to the circumstances of our country.

If the government is tolerant enough with crypto, it means that in the future crypto will get regulations that support it. the government should legalize crypto because it will be needed in the future. I am very happy if a country starts supporting crypto, it means that the government is willing to be invited to think forward.

12
Bitcoin Forum / Re: Future of Bitcoin
« on: March 24, 2024, 05:00:04 AM »
We must have a goal in investing, for the short, medium or long term. If I look at the correction this time I see it is only temporary. Because I still have confidence that the price of bitcoin after the halving will be high. And we must have an understanding of that, because bitcoin is always volatile.
People who are too panicked will sell their holdings as prices continue to fall, whereas this correction will be crucial for a higher rise.
A correction is absolutely necessary for the market to become more realistic.

Preparing to face a higher bitcoin price, then buying when the current correction is the right choice.
But most beginners just ignore it.

Maybe newbies are afraid to buy during a correction, because they can't do a good analysis and of course don't have the experience. i bought coins during the correction, but only added altcoins in my wallet. because for me, I have enough bitcoins in my wallet. and what has more potential for short-term medium funds if you buy coins now is altcoins.

13
Ethereum Forum / Re: Eth hold or Trade?
« on: March 24, 2024, 04:50:54 AM »
Everyone has their own considerations and expertise in investing. For those who have trading skills, they will choose trading as a priority. but for those who prefer to be a holder because of their busy work schedule which cannot always combine the market to make short-term analyzes and predictions, holding is a priority.
It's true, when daily trading is not very suitable to do it because the exchange conditions are red, it will create quite high risks, it is better to stop for a moment and enjoy the profits that have been obtained some time ago. The condition of the exchange if it is collapsing like this will not be suitable for short-term investment use.

I agree with your opinion, when the exchange is red we should not trade, because we will be trapped in high prices if we buy at that time and then the price drops. suggest keeping hold of our other coins, and always observing the chart, if there are signs that the market will return to green, then start buying potential coins.

14
If there is already a profit from the bitcoin that we hold but we still believe the price will rise, it's best to hold it, don't sell it. because we can take advantage of bigger profits, don't waste it when investing in bitcoin, because this cycle lasts for 4 years. It is recommended to remain calm in holding our bitcoins.
Now there is a slight correction, but this is not the right time to sell Bitcoin at a slightly lower price. we still have a chance to get bigger profits when the halving happens, everyone is talking about the price of Bitcoin will break above $100k, but it's not a matter of price, but it's a matter of our belief in this year's bull market will actually happen.

The correction before the halving is very normal, even the previous cycle was like that... but definitely don't sell on the correction this time, hold on for a while and wait for the halving moment. It doesn't matter if your assets are negative in the next few weeks, what is certain is that they will bounce back and give you big profits when the bullish market occurs.

Corrections will always happen, so that's normal. Both before the halving and after the halving, because beforehand corrections are always there. because bitcoin is very volatile. so we can benefit from that volatility. Buy low and sell when prices rise

15
Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: March 24, 2024, 04:32:23 AM »
Knowledge and experience are very necessary when investing, we can choose to be a trader or a holder. If we are new to investing in crypto, we should choose to be a holder, this is safer for our assets, if we only buy bitcoin when the price is low and hold it, rather than being a trader which requires a lot of expertise there.
That's true, but buying the dip is actually very difficult, and we don't really need it if our projection is to hold in the long term. Actually, what we need to do is carry out DCA so that our average purchases when entering the market are not too high. So even though currently the price of BTC is expensive, it's not a big problem as long as we can buy it regularly at a low price (if it's bearish), or buy it more when the price rises (if it's bullish)...

The opportunity is still big for Bitcoin, because in the next 1 year it looks like a powerful bull market will come. So just keep DCA, rather than looking for the lowest point which is difficult for us to get.

Actually, I agree with the DCA method of buying bitcoin, but my capital is tied up in several coins whose prices are falling and of course I won't sell them. Luckily I still have savings to do daily trading, so I still get daily profits, although not much. As I said, I am a holder and if I have free time, I will trade.

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