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Messages - Jamal Aezaz

Pages: [1] 2 3 ... 64
1
Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« on: May 31, 2024, 08:48:02 PM »
Well that's also something we can do and I do it too, I usually invest in altcoins and take the profits and divert them to buying bitcoin. Methods like this are strategies that everyone can do.

We can focus on bitcoin, but we also don't miss altcoins. This is something that is very profitable for us, because we can maximize all the opportunities that exist.

Most of the people are doing the same thing as they buy both Bitcoin and altcoins and whenever they find their hold altcoins profitable then they invest that amount of profit into Bitcoin so in such case they will be more profitable in future.

People are afraid of altcoins investment but they don't know that the amount of profit from altcoins are also very big if they do the same things which are necessary for having a money making opportunity. We have to take benefit from each and every chance because the same profitable situations do not exist all the time so take the risk and go ahead with learned skills.

2
Bitcoin Forum / Re: Is Bitcoin legal?
« on: May 31, 2024, 08:42:54 PM »
Yes, it is very lucky for those whose country's government has accepted Crytpo as an investment.  So citizens who invest in crytpo feel safe.  Because in some countries it is still prohibited.   To be honest, in our country it has been accepted, but only as an investment, not as a payment method

Yes, those are lucky because they have already found a better opportunity of earning money and they can freely invest in Bitcoin and different altcoins to make it easy to fulfil the requirements which are compulsory for life. In those countries where there is no permission to use crypto, citizens are now deprived of such a better way of making money.

Such people are either moving to other cities just to invest in Bitcoin or are adopting other ways through which they can earn but I think there is no such beneficial asset more than Bitcoin. Most of the countries had accepted Bitcoin for investment and payment systems but still there are some countries which do not allow its uses so be calm as they are also going to accept it soon.

3
Bitcoin Forum / Re: Invest & Hodl Bitcoin!!
« on: May 31, 2024, 08:39:12 PM »
I agree that bitcoin is the priority coin for investing and next is ethereum.  I have these two coins as main assets.  And I also diversify like you by buying BNB, Solana, ADA, TRX, Matic, Hbar etc.  Because I am trying to increase the number of opportunities to get bigger profits from the many coins I buy during bearish seasons.

Yes these two are the top coins and we can blindly trust their success but without knowledge such top coins also become full of hazards. Those who have knowledge and have invested in bitcoin and ethereum during previous bear season are really in profit and now their profit will be double than their invested amount.

Those who are diversifying their investment will be more in profit but diversification does not mean to put money in any type of coin but for diversification you will make a thorough research after which you will choose only those altcoins which have made a better reputation from previous years.

4
Bitcoin Forum / Re: Don't buy bitcoin only because of FOMO
« on: May 31, 2024, 08:19:20 PM »
It is true. And maybe some people take buying action because they are affected by FOMO. And maybe those who buy when there is an increase are because they are short-term traders. Or day traders who always enter following the trend and exit before the trend ends. But there are also many beginners who get caught up in FOMO and instead buy when the price is at its peak. But as long as they intend to save in the long term then perhaps their actions can still be forgiven. Because they can also re-accumulate more when there is a downturn.

We should not buy Bitcoin due to FOMO but we should first learn about bitcoin instead of accepting the advice from others because if we have not made any research and do what other people want then we will be trapped into the wrong concept.

If someone has an accurate knowledge then he will decide accurately when to buy and when to sell and will take advantage of both bear and bull season but those who have no knowledge when they listen from others about the benefit of Bitcoin then they will rush to be a part of it without thinking about bear and bull season.

5
I agree with your suggestion, we don't need to be affected by market conditions that appear to be dumping after the bitcoin halving because it seems like everyone is waiting. We should also do that, wait for the bullish season at the end of this year and keep holding our bitcoin.

The effects of halving were not so bad because we have again seen 71k$ of worth so it is hoping that very soon we will see the price higher than this and now as the price is 67k$ so it is also not so low that we assume the end of bull season.

Everyone is waiting and many people are still buying so if the buying rate does not decrease then there will be a probability of increased worth in the coming months. Don't sell your Bitcoin because experts have predicted that the price will hit 100k$ and we have to carry our investment till that time.

6
Bitcoin Forum / Re: Has the bear market started?
« on: May 31, 2024, 08:03:41 PM »
I am also optimistic that bitcoin will exceed $100K this year.  Since the bitcoin ETF was approved, we have seen bitcoin show good movement.  And Had reached a new ATH at $73K.  Currently the price of bitcoin is also approaching $70K, although last month it struggled and fell to $59K.  Hopefully the approval of the Ethereum ETF will provide a breath of fresh air for bitcoin and ethereum, so that their prices will rise.

It is possible that Bitcoin will get 100k$ of worth and after Bitcoin ETF the price was so high that it touched new ATH but after halving the price become dip and till now it has no touch 73k$ again because the effects of halving is slower and will take time to create new ATH.

It was 71k$ but now you can see that the price is 67k$ again means it is down. ETF approval shows a good impact on the price of every coin so after the Ethereum ETF good news will surely arise and everyone will be in profit.

7
Cryptocurrency discussions / Re: Do you still believe in old coins?
« on: May 31, 2024, 07:58:55 PM »
Ofcourse! Old coins would still work.
But there is always a condition to it and that condition is Utility. Always look at what the coins stand for and whether they are helping the whole community move forward.
There will be a lot of old coins that will become dead but coins like BTC, ETH, matic, solana, Uniswap, cardano will remain relevant

Old coins are still the best opportunity to give us profit in better value but people rushes towards investment in new coins due to their greed for fast return. You will have experienced that the old coins have good utility as compared to new ones therefore their value increases as bull season becomes nearer.

Ethereum, Matic, Solana, BNB and many more old coins are profitable now because their value does not deteriorate but it flies more and more as the year passes.  Therefore old coins should be the primary selection of every investor because it does not put you in doubt about its elevation.

8
We can give them suggestions, but in the end they themselves will make the choice.  We all learn about cryptocurrencies from everywhere, and this forum provides a lot of knowledge to us. 
Because in fact this cryptocurrency is the currency of the future, where over time crypto will become more popular in society.  And this will influence Crypto prices for the better.

Knowledge is necessary no matter where you get this information therefore try to search about every source from where you can obtain useful information. If a person is familiar with crypto then he will easily choose the coin and will easily hold it because the main thing here is knowledge without which everything is impossible to accomplish.

The price of Bitcoin is unstable now sometimes it goes higher to 70k$ while today the price is 67k$ again therefore holding is the most beneficial method to ignore the lower cost and wait for the right time because we know better that Bitcoin is going to be more victorious as the time flies.

9
Correct. And it all just depends on the hype itself. And new altcoins always rely on hype. And when the hype is over the price will drop quite quickly. Notcoin, which also had quite a large level of hype, eventually experienced a decline every day. It's just that I think this one has the potential to rise again if one day the price goes sideways. But we have to wait until the price of this coin no longer falls and moves sideways for longer.

New altcoins are full of risks and they immediately decrease in value when hype gets over but most of the time new altcoins make an investor able to make a huge return. We have to take profit from new coins during the hype because at start every coin is very successful so if we buy at that time and sell during boosting worth without waiting for another hype then we can make good profit from those altcoins too which only rely on hype.

Every Investor of Notcoin should take their profit immediately but people keep it holding for longer even though they know that new coins are not higher in value all the time but still they are making the same mistakes by holding each and every coin longer.

10
Cryptocurrency discussions / Re: The impact of crypto on our lives
« on: May 31, 2024, 02:02:52 PM »
Investing in crypto is very risky, if you want to invest, don't use the money you need in the near future, because crypto investment is holding bitcoin for the long term.  Even though it is safe, it is not wise to sell property to invest in crypto, the risks are very large.  Even though investing in crypto can generate bigger profits than property, investing in property is much safer.

Exactly we have to use an extra amount for crypto investment because we don't know that when there will be a pump and we will take out our profit so in such a case we cannot take out our invested amount until we make another amount of money from it.

Not only in Bitcoin but most of the coins are profitable when we keep it longer without selling at lower cost so money other than for daily uses is necessary for investment. Selling anything to invest in other investment opportunities is risky therefore continue to hold the thing which you already bought.

Property doesn't put you at risk because it does not possess such a huge volatility like that of crypto investment therefore if someone wants huge profit with risk involved then he should choose crypto but if one wants safe investment then property is the best choice.

11
I like Bitcoin because you can live a simple life even if you're a rich person. People nowadays who have a lot of money can't live a simple life because it only increase risk of their own life. If they have money they should invest to themselves like bodyguards to protect them. If you have Bitcoin, the public don't know that you have money, only the exchange you used if you provide a KYC.

Bitcoin is more secure and it provides safety to its holders while those of other assets cannot hide their investment because of less private nature. If you have held Bitcoin then nobody can get access to it and no one can see how much bitcoin you have to hold until you tell them by yourself.

During the bearish phase if you wait longer then you can carry your investment with patience and will definitely give you profit but other coins have no guarantee that they will survive after the bearish phase or not.

One most acceptable nature of Bitcoin is how much decrease happens in its worth it will always shine better than the previous state in future because it possesses the ability to recover back.

12
Bitcoin Forum / Re: What Happened To Bitcoin?
« on: May 31, 2024, 07:19:19 AM »
That is it, only those who have some of form huge supply on the coin because when those people controls the market its surely affects that particular coin price and when the investor are not patient enough it would lead to serious dump cause panic to other coin holders since those coin are being paired with that particular coin for trading.

Whales are continuously putting effects on the market price but only wise people will not change their mind according to the situations created by the whales while many others will panic sell due to which market will go more down and down. But this dump will not be the end of the crypto market but whales will again take advantage of such a dump and will make purchases on a huge scale.

There is no other way during dumping to wait more because only patience can make you able to reach the higher worth achievement again but if you have no control over your anger and Greed then nobody can help you to take your advantage.

13
Cryptocurrency discussions / Re: Are you buying now?
« on: May 31, 2024, 07:12:01 AM »
I agree with you, all your Bitcoin investment shouldn't be sold at once. At least, a small fraction should be left to continue the accumulation process because as the days go by, the worth of Bitcoin increases, we are having more investors learning and adopting Bitcoin, and the most important part is the limited supply of coins to be mined which will in turn increase the value. Using the DCA strategy to accumulate would be a great a idea as it won't create any turbulence in your financial activities. All the person needs is a source of income to keep the process going.

The accumulation process should be long and the selling process should also be longer because if you sell all your Bitcoin at once then you will wait for another dip to buy again therefore keeping some and selling some for profit is a better idea which should be accepted by every individual.

The accumulation process is easy for those who are continuously earning from another source and some amount left behind from their expenses at the end of the month. I think if someone has money then he should accumulate until he is able to fulfil the daily needs with the help of another source of income.

14
Cryptocurrency Trading / Re: Do professional traders lose money?
« on: May 29, 2024, 08:40:04 PM »
Yes, becoming a professional trader takes time and experience, as you said, over time, as a beginner, you will become a professional if you are willing to learn. In learning we will also experience failure and loss. and learn from those failures and losses

At the beginning everyone is a newbie and everyone faces difficulties because no one has knowledge about trading and investment by birth as it is not an inheritance trait but the successful person is who does not remain in just one stage but improves his skills and knowledge as the time goes.

We will surely win and lose because in life one cannot be successful always but it is important to reduce your mistakes to increase your earning. Experienced people who are working for years are also losing but they don't give up and learn the ideas to apply for not making the same mistakes again.

15
Cryptocurrency Trading / Re: Fear or greed
« on: May 29, 2024, 08:13:14 PM »
Yes, before we invest, it's best to do research first and really make sure that the project is not a scam, because this is a matter of money. We have to be careful so that we don't lose our money. Many experience losses due to lack of experience and not doing research before investing.

Some individuals say that making research is time consuming but I think if you are losing money due to investment in a scam project, it is better to use your previous time instead of losing your previous amount.

They don't research because they want to earn quickly but they forget that without doing research they will gamble with their previous amounts and only experienced traders are familiar with this fact while newbies are considering research as useless things.

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