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Messages - Dr.Bitcoin_Strange

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Cryptocurrency discussions / Re: Anonymity - good or bad?

« on: Today at 06:27:27 AM »

Quote from: Litzki1990 on Today at 04:54:40 AM

If you want to keep secret about something and if you keep it secret then it is definitely good for you. I think that in all cases one should keep to one's privacy because when one can keep one's privacy then people will not talk about me so much or people will not care about me so much. When the other person will know about my affairs and if we ever have a bad relationship with him, he will try to harm me in that regard. So whatever work we do if we can do it alone then we should protect the confidentiality of that work.

You're absolutely right.
The less exposure you get and the less people know about you or your business, the better for you, especially when it comes to crypto currency, the crypto space is filled with lots of risks and challenges, risks from scammers and hacker, and challenges from the government.
We're all fully aware that the government has always been against the idea of crypto so since they're not able to entirely eradicate crypto, they sort for means to extort crypto holders, so in times like this, the best thing is to stay anonymous and hidden from these dangers and challenges.

Cryptocurrency discussions / Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin

« on: Today at 06:20:07 AM »

Those are quite fine points to consider and I believe a lot people haven't really been seeing the whole Bitcoin and altcoins relationship that way.
Although the belief have been that altcoins needs Bitcoin more (that's if bitcoin even needs altcoins) because Bitcoin's popularity and status has actually paved way for altcoins surface and thrive in the crypto space. So it's mostly believe that whatever popularity and altcoin attains in the crypto space, it's definitely because of Bitcoin.

And then the only benefit of altcoins to Bitcoin or crypto space at large that were very common amongst crypto enthusiasts is that Altcoins is believed to have offered diversity as well as innovation, now people have variety of options to also consider and divert their investment to, which actually helps to keep the crypto space vibrant and considerable for investors and other users.

Cryptocurrency discussions / Re: This bull market will likely be the last one, don't you fail!

« on: Today at 06:06:38 AM »

Quote from: 0t3p0t on May 08, 2024, 07:00:03 PM

Quote from: doc on May 08, 2024, 03:54:02 PM
Quote from: Mr. Magkaisa on May 08, 2024, 11:47:28 AM

- That's also the reason I'm thinking about why it was said that this is the last bull run. Well, I read something that says Bitcoin's last halving will be until 2040. But anyway, maybe the best thing for us to do is to continue studying here in crypto or bitcoin and try to save money that we think will also give us future profit.

This is the only thing we can do in these times, especially since we are in a bull run now that many expect or wish to get profit from Bitcoin's rally.
There is still time for us to learn and invest in crypto, if the last halving will occur in 2040. I personally don't think about the last halving but am more focused on the halving this time and are bullish next year, according to many people's predictions,
Well yeah I think that is the best thing to do here to prepare for something big in the comming years especially during the four year cycle. But still we can make profits with the down trend but it will require a skill to not be able to lose during the bear market or if we don't like stress we can do DCA.

Most definitely, DCAing through this current market situation is undoubtedly quite a formidable and effective approach towards Bitcoin accumulation because it'll help one to keep his emotions in check and overlook the current market fluctuations while it also gives you an opportunity to buy more when the price is low and less when the price is higher, I think that's just the best approach to employ when accumulating Bitcoin, rather waiting for the right time to buy.

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

« on: Today at 05:58:23 AM »

Quote from: Agbe on May 07, 2024, 08:34:09 PM

Quote from: Dr.Bitcoin_Strange on May 06, 2024, 07:02:55 PM
...but holding on to old coins doesn't actually guarantee profits in the long run, there are old coins that are currently at the verge of a crash and obtaining them or holding on to them right now could still be considered being zombie hunted .
Yes it is not all the old coins profitable but it is still good to invest in old coins because they have been in the space for years so there is this mindset that they can do well one day and it will not collapse but the new projects are not like that you will have faith in the them because many came and don't stay long.

That's correct.
Like I said since they've been around for a long time, they have an added advantage of longevity and they are believed to be a lot more solid and safe to buy and HODL, unlike the relatively new ones.
Today it can be really difficult to choose or find a good project to invest in because most of the project that comes into the system are either scam or doesn't have the strength to withstand the trial by fire of the crypto market, some of them end up crashing before you know it, not because the developers intended for it to crash.
And these factors contribute to the the reason why people now feel a lot more comfortable investing in old tokens.

Basic Questions about Cryptos / Re: Why bitcoin

« on: Today at 12:46:21 AM »

Quote from: Gladitorcomeback on April 30, 2024, 08:13:07 PM

However, nowadays, most people are interested in Bitcoin or cryptocurrencies because they have volatiles values and they go up and down which creates opportunities for them to gain profit when they buy them low and sell them high, but the properties and benefits of Bitcoin are unmatchable despite all other things.

That would've been a lot more easier than it sounds if it was possible to predict the direction the market would go. The market can be in red right now and immediately you predict for the market to continue in red, you'll automatically start seeing a green, so it's really not possible to predict the market accurately. Even if you've made some lucky guesses and maybe manage to get it right, there's every possibility of the market to switch to another trend at anytime.

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

« on: Today at 12:16:02 AM »

Quote from: Gladitorcomeback on May 08, 2024, 03:00:39 AM

Quote from: bayu7adi on May 06, 2024, 10:00:57 AM
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...

Important or not, it just feels right to stay updated about the market and how it is doing, you need to be aware of the prices of certain cryptocurrencies that you might have on your watchlist for a potential investment you have been thinking about, and even if there is nothing of that sort, it still isn't easy to stay away from the market, especially if you have some money invested whether it is for short term or long term.

I don't know how many times a day I watch the market, there might be no purpose but after every now and then I reach out to my pocket, take out my mobile, and check the market only to stay updated about the prices because I like doing that, no obligations but still.

Staying on top of every information concerning the crypto market is indeed very important, especially for those who have an active investment, or those who are still aspiring to join an investment and are curious to know about the market.
One way to always make an informed choice and always update and adjust your strategy is by always keeping an eye on the price movements.

Although, even if one isn't actively investing it's actually normal to feel inquisitive about the market, especially when you've got interest in crypto investment.
The crypto market is volatile and highly unpredictable so staying updated about the market could really help us to make more informed choices.

Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 !

« on: May 08, 2024, 01:48:10 PM »

Quote from: Captain Corporate on May 07, 2024, 04:15:25 PM

Since Xavi is staying, that means that he will want to end the season as well as he could hope for. Finishing third isn't in the plans, deciding to stay and then finishing third and dropping one place after the announcement of staying doesn't seem that great for him. I am sure that it will not be easy at all, but Barcelona needs to get all the wins and hope that Girona drops points somewhere because they really need to get back to second place. Second place at La Liga isn't that horrible, it could happen, its understandable, you can't win always and last year they won, so it is not really a big deal. But third place would be quite terrible, like if it was Athletico Madrid then I would maybe understand, but not to Girona.

That's quite an agreeable assessment, Xavi's decision to stay back in Barcelona as theie manager might as well give Barcelona an added advantage and an extra motivation for them to finish the season strongly.
Coming out third place would turn out to be a total disappointment for them, especially when one considers the teams historical standards.

The players and other staffs would certainly have the eagerness to prove that they're actually capable of finishing second place since they couldn't make it to the first this season and Xavi's experience and skill can actually make that a possibility.

Gambling discussion / Re: In gambling what is the importance of mental support?

« on: May 08, 2024, 01:25:52 PM »

Quote from: Rubel007 on May 08, 2024, 09:32:53 AM

Quote from: DragonF on May 07, 2024, 10:48:06 PM
Quote from: Rubel007 on April 30, 2024, 02:33:50 AM
The reason I say this is because when I am not mentally prepared, if I engage in gambling, I loss the bet.

No doubt, mental support is important in gambling as it aids concentration but the truth remains that you can't win all the time even with full concentration (mental support). The reason for this is simple, there are factors which decides the outcome of a game that can never be foreseen even with mental support.

An irony of the game is that someone can lose with mental support whereas another individual who predicted haphazardly might win.
Experience, skill as well as luck all are are important in gambling. Sometimes experience or skill is useful and sometimes luck is needed but if a gambler does not give mental support i.e. he is gambling but his mind is elsewhere or he is gambling but he does not have much interest there. I have mainly emphasized here the situations where one has to provide mental support in addition to all those things. Otherwise he cannot be satisfied there even if he gets a gambling win. Moreover, he will not find the joy in gambling.

Hold on, is the OP talking about external or internal mental support, i.e is it the sort of mental support someone else gives to a gambler or is it the one the gambler gives to himself, because I'm kinda confused here, the question isn't really quite clear because some people are answering based on internal mental support and some are answering based on external mental support. It'll be nice to get the question right before one can effectively attempt to answer.

Gambling discussion / Re: Will you still gamble after suddenly becoming rich?

« on: May 08, 2024, 08:39:25 AM »

Quote from: 0t3p0t on April 30, 2024, 12:48:41 PM

Yeah exactly. Poor people do gambling more than rich people though there are gambling addicts that were from rich family as well but there were only few of them because majority comes from poor people and one more thing money is not a problem for most rich gamblers since they do have stable source. Based on my observation here in my place that is what the reality is. Regardless of financial status both can gamble even after a huge win.

While it's true that money is not a problem for rich gamblers, you should also remember that there is no limit to how much a man can lose in gambling if he doesn't control his emotions, and considering the fact that rich people has lots of money, then that means they have even more to lose than the poor because they have a steady flow of income, that's why it's possible for gambling to cripple even a rich man financially.

Gambling discussion / Re: Is Gambling for All?

« on: May 08, 2024, 08:32:06 AM »

Quote from: emmybd on May 08, 2024, 12:19:52 AM

If you are experienced or not doesn't matter. In gambling you have to depend on luck. If you are lucky then you can win a big jackpot. If you are experienced all you can do is to be a bit more cautious. So I believe everyone can do gambling but it would be better if they take it as a fun. It is true that you can win occasional jackpot but it is not to be taken as a source of income.

Inasmuch as luck and chance plays a very vital role in gambling, it doesn't mean that's all you need to be a gambler, yeah it's true that at some point in the beginning of every gambler's gambling life, they depended mostly on luck but gradually gained knowledge and experience as they advance. But it wouldn't be completely true to say that luck is all a gambler needs to succeed in gambling.

Besides there are games that need less luck and more knowledge and experience, such as card games like poker or blackjack, your success depends on how knowledgeable you are in that game and what level of skill and experience you've managed to gather in the long run.

Gambling discussion / Re: [Football] UEFA Champions League Betting & Discussion Thread

« on: May 08, 2024, 05:16:02 AM »

Quote from: Litzki1990 on May 05, 2024, 06:56:24 AM

Quote from: Zed0X on May 05, 2024, 04:42:54 AM
Real Madrid clinching the La Liga title early means bad news for Bayern Munich in the second leg because they can go all out without thinking of potential injuries. If you're planning to bet on this match, then now is probably a good time while the odds are still high @1.85 for RM.
Real Madrid has long gone ahead to win the La Liga title to focus only on the Champions League and Real Madrid confirmed the La Liga title with the last match. Real Madrid have no worries about the next La Liga match, now their only thought and only plan is the Champions League second leg match. First leg match Real Madrid drew with Bayern Munich that was Bayern Munich's home venue but the second match will be held at Real Madrid's home ground where the fans home advantage will take everything Real Madrid and in the second leg match Real Madrid will definitely be ahead. Since Real Madrid's thoughts and plans are only about the Champions League semi-final match, they will surely succeed in this plan.

Real Madrid will surely focus more on this Semi final match with Bayern Munich, since they've already secured the La Liga title, their focus would be mainly on the Champions league title now.
The team can actually devote their time now to make all the necessary preparations for the second leg of the semi final.
Again since they'll also be playing the match at their home, they also have the home advantage as well as the full support of their fans, perhaps this will give Real Madrid an edge and a great boost to display an outstanding performance on the second leg today.

Basic Questions about Cryptos / Re: How easy is it to convince someone that Bitcoin of a digital currency is real?

« on: May 07, 2024, 11:58:24 PM »

Quote from: DabsPoorVersion on April 28, 2024, 09:25:49 AM

Quote from: DYING_S0UL on April 27, 2024, 05:39:01 PM
From where I live, it isn't that easy. That's why I don't try to. I am mainly based in rural areas, and here, the adults aren't that aware of Bitcoin or any other crypto currency or any related stuff. If I try to, they will think I'm doing something illegal or bad. My relatives, my neighbors, and even my friends don't know what I do. I don't want them to have mixed feelings. I tried once, but it didn't work. And the biggest issue is that crypto is banned here. So nobody wants to mess with the authority. You sure understand my place isn't that convenient to discuss or convince people about Bitcoin.
If that's the case, it is indeed hard to convince someone in your location about Bitcoin. I don't know what happened or what situation your government in to come to the point of banning crypto in your country just like in some other countries but the situation wherein they will think of you doing any illegal activities once you are into crypto, it's awful and sad at the same time.

Do you mind telling what country you came from?

You're absolutely right.
The government has always been after bitcoin users due to it's decentralised nature, which have always given users the right to have full control over their asset without the interference of any any central authoritates or interference of the government.

Basic Questions about Cryptos / Re: Invest or bounty?

« on: May 07, 2024, 11:26:09 PM »

Quote from: rizqillah on May 02, 2024, 09:05:44 AM

It is very difficult to find a valuable airdrop, because we have to join the group and do all the tasks of the airdrop. Actually, if you have free time, you can do it and participate in the airdrop, but if you don't have time, it's best to become a holder,

At this moment in time, I wouldn't advise no one to go participating in airdrops because airdrops are a complete waste of time, rather than wasting one's precious time on airdrops, it'll be a lot more better to save up some money and look for something meaningful to invest in, Bitcoin is a good example, Bitcoin has a a better chance of making profits. So whether you've got a spare time or not, it'll be worth while to use that time to do something else rather wasting that time to participate in airdrops.

Basic Questions about Cryptos / Re: Bitcoin or Etherum?

« on: May 07, 2024, 11:19:29 PM »

Quote from: bitterguy28 on May 07, 2024, 12:50:08 PM

Quote from: Aanuoluwatofunmi on May 06, 2024, 09:29:26 PM
There are many hearing about bitcoin in cryptocurrency and couldn't differentiate from what it means to other cryptos, even though its never a thing of doubt that in cryptocurrency, the next after bitcoin is Ethereum which is altcoin, that doesn't equate them under the same category or value, we can know more from their respective market capitalization and PoW or PoS which vividly differentiate them from each other
so what is the answer or your choice? maybe best to invest in bitcoin and ethereum together?
they have their own blockchain and they have their own supporters and future means i will choose them both
than just choosing one right?what do you think is best to deal with it?

While it's a wise choice to always diversify one's investment and investing in both could actually prove to be quite a viable option and approach to increasing your chances of profitability, I'm strongly on the opinion that Bitcoin investment alone can actually fetch you the profit you desire if you channel all the energy and resources you intend to split into just bitcoin investment, although it does take time but you're sure that as long as you keep HODLing and keeping your investment safe and secure, you'll always make amazing profit in the long wrong.

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

« on: May 07, 2024, 10:22:25 PM »

Quote from: taufik123 on May 05, 2024, 08:50:13 PM

Quote from: Dr.Bitcoin_Strange on May 05, 2024, 02:53:56 PM
You're right at some point, it's true that altcoin trading that's based on proper analysis as well as research and experience can actually give a productive result, but let's not also forget about the fact that even with all the analysis, the research and all the experience, it doesn't eliminate the risks of losses completely from the equation. It doesn't mean that you won't incur losses even with all the experience.
Even Bitcoin will also change its trend when it gets a lot of FUDs and this will affect all crypto prices.
It's good to update all the time to find out what's happening in the crypto market.

Bitcoin is nothing compared to these altcoins, unlike every other token, Bitcoin has the potential to recover from any type of dip or fluctuations it might encounter.
And even when Bitcoin gets lots of FUDs as you say and the trend changes or it experiences a dip and it eventually affects other tokens, we can rest assured that Bitcoin will always bounce back and correct its trend overtime, as long as we continue to HODL through that temporary fluctuations.
While this may not be the case for other tokens, there are tokens that have become worthless due to its inability to recover from a DIP.