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Messages - tranthidung

Pages: 1 [2] 3 4 ... 19
16
Cryptocurrency Trading / Re: Simple practices to improve trading.
« on: April 13, 2024, 05:36:46 PM »
Quote from: Rruchi man on April 12, 2024, 07:36:20 PM
Some of these practices that I have observed are;

These are a few, and I am sure there are more from other traders, please share to the benefit of us all.
You list something contradict with each other. For example.
Quote
- Do not depend on signal groups.
- Practice emotional control.
- Join a community of traders.
If you want to have independent thinking, don't join any trading, signal groups or community.

If you do it, you will become dependable on others (thinking, signals) and noise in such groups, community will cause you harder to control your emotion. I am against this idea.

17
Bitcoin Forum / Re: High fees is a never ending story?
« on: April 12, 2024, 12:49:15 PM »
Quote from: Findingnemo on April 12, 2024, 10:07:31 AM
As we all know Bitcoin network is facing high fee due to congestion since the last years especially from ordinals but it came back to normal then again hike and it keep on loop mode?

So this is something that we have to accept as new normal or we can still hope that Bitcoin fee will reach 1sat/vb to include our TX in the upcoming block?
It's hard to say but there will be upgrades on Bitcoin blockchain. There will be migrations of Ordinals to like Bitcoin layer-2 and even something new in future.

The bottom line is, we must ask ourselves, whether Ordinals are here to stay?

I believe they will not be able to stay here for too long, bear market will kill them.

Only Bitcoin is here to stay but to prepare for non-1- to 2-sat/vbyte time back, you must observe Bitcoin mempools and consider of consolidation when fee rates drop to like 5-6 sat/vbyte like days ago.

18
Bitcoin Forum / Re: Bitcoin bull market correction drawdowns
« on: April 12, 2024, 12:40:22 PM »
Quote from: gunhell16 on April 12, 2024, 09:12:50 AM
Honestly, we are still in the discovery phase, dude. This is a measure of the accuracy that we analyze on the chart, so it is important to have a deep understanding of the trading process. I expected that after the halving, there would be liquidation or correction.

And it is important that we can determine when we will have a confirmation of the sale of our holdings so that we can buy and dip in the coins we hold. So, for now, more prediction accuracy is what we can really do.
Because we are in a discovery phase, with an open sky above so it's important to avoid trading. It is very important for newbies because if they trade during discovery phase, they will mainly lose their bitcoins.

With effects from fear, panic, uncertainty and even forced liquidations from over leveraging, they will shake their hands (with Spot) or be liquidated (with Leverage, Futures). The end is not happy, either lose most of their bitcoins (by liquidations) or lose considerable part of their bitcoins (buy buy high, sell low as panic effects).

19
Bitcoin Forum / Re: When will Michael Saylor and MicroStrategy sell BTC?
« on: April 11, 2024, 01:26:58 PM »
Quote from: yahoo62278 on April 11, 2024, 07:59:41 AM
I think they're trying to control the market in the long run and will not sell until btc reaches 1 million per.
Michael Saylor said something like "The end game is who has most bitcoins".

His interview on it

Quote
“We think bitcoin is the highest form of property, the apex property in the world, and it’s the best investment asset,” he said. “So the endgame is to acquire more bitcoin. Whoever gets the most bitcoin wins. There is no other endgame.”

Put another way, he said, “We believe that the highest, best use of bitcoin is to buy bitcoin and hold the bitcoin.”

Quote
They want to become billionaires and most of it will be from profit they made buying btc sub 100k.
They are already billionaires and want more, trillionaires maybe.

https://saylortracker.com/

20
Bitcoin Forum / Re: Bitcoin bull market correction drawdowns
« on: April 11, 2024, 01:10:52 PM »
Glassnode Insights released a latest weekly report.

Read what they wrote.
Quote
If we return to the magnitude of drawdowns we alluded to earlier, we can see that despite the large-scale profit taking by existing holders, the magnitude of pullbacks remains historically small.

If we compare the ATH break in prior cycles, it could be argued that current Euphoria phase (market in price discovery) is still relatively young. Previous Euphoria phases have seen numerous price drawdowns exceeding -10%, with the majority being much deeper, with 25%+ being commonplace.

The current market has seen just two ~10%+ corrections since the ATH was broken.

Quote from: Jamal Aezaz on April 10, 2024, 08:34:26 PM
People are afraid of market dump only when they have lack of knowledge and they are unable to know about the market conditions. Market dump occurs so many times in just a single month so after every loss it recovers back but this reality is not understand by new commers.
Lack of knowledge and intention to learn are key for their failures. If they don't have knowledge, experience but they're ready to learn, they can quickly access many free education resources and prepare themselves better in this volatile market.


21
Bitcoin Forum / Re: Bitcoin is a strongest Proof of Work cryptocurrency. See this comparative table.
« on: April 11, 2024, 01:02:49 PM »
Quote from: yhiaali3 on April 11, 2024, 10:54:30 AM
As for calculating time, I think that in normal times, as for times of congestion on the network, this number is not correct at all. Sometimes it took me more than 24 hours to get one confirmation.
They are estimated numbers and likely averaged numbers for normal conditions, not for times when network is attacked or congested.

If you notice, in the first post, I emphasize that if you use an altcoin blockchain for a transaction and it is attacked after your transaction has 1 confirmation, it's enough to steal your money. Estimations like with BCH, LTC, you will have equivalent (in security) like 6 confirmations of a Bitcoin transaction, is useless in a network attack.

Quote
It is also known that the security of a Bitcoin transaction requires 6 confirmations for the transaction to be accepted, but my question is why do some exchanges suffice with only one confirmation and others 3?

I tried a lot of exchanges that accept transactions after only 3 confirmations.
They can accept a deposit transaction after 1 or 3 confirmations, it depends on each exchange.

More details for your question, read there.

Quote
If you are patient enough to wait for at least one confirmation then you are no longer vulnerable to race attacks or Finney attacks. Now your only concern is 51% attacks. What's the rule of thumb for an acceptable number of confirmations?
  • 1 confirmation: sufficient for small payments less than $1,000.
  • 3 confirmations: for payments $1,000 - $10,000. Most exchanges require 3 confirmations for deposits.
  • 6 confirmations: good for large payments between $10,000 - $1,000,000. Six is standard for most transactions to be considered secure.
  • 10 confirmations: suggested for large payments greater than $1,000,000.

A tool for Bitcoin confirmation risk calculator

22
Bitcoin Forum / Re: Impact of Halving on Bitcoin Mining
« on: April 09, 2024, 03:58:08 PM »
Quote from: Z-tight on April 09, 2024, 03:50:33 PM
Your subject talks about halving and BTC mining, but not once did you mention or talk about that in the content of your post.
Quote from: wilkine on April 09, 2024, 09:38:12 AM
Moreover, the halving brought more attention to Bitcoin. We can see various news about the halving event. But how long can this kind of marketing last?
The BTC halving is not marketing, it is part of the BTC protocol
Bitcoin is Bitcoin and Bitcoin halving is an event.

Fortunately, with each Bitcoin halving event, months before and after a halving, there will be a lot of noise on media and social media which can be considered as 'free' marketing for Bitcoin.

No budget has to spend for this 'free' marketing which surely is helpful for Bitcoin. More noise, more exposure on media, more people know about Bitcoin, and with its bull run, new people with new capital will join this market. It's what happened with past three halvings and past three market cycles.

Will this time be different? No.

23
Bitcoin Forum / Re: DCA vs Smart DCA, what do you choose?
« on: April 09, 2024, 02:50:55 PM »
Quote from: Sim_card on April 08, 2024, 05:11:18 PM
I understand what you mean OP, and I must say that it is the first time I have heard of smart DCA, which I saw from the OP. The smart DCA is much stressful compared to the tradition DCA that you will just allocate some certain amount of money to buy regularly either weekly or monthly. This is because one cannot time the market, and how sure are we when the dips will come.
People actually try to do Smart DCA, not all but many people do it practically.

They just don't call it as they are doing Smart DCA, but DCA because it is normally said. They can do Smart DCA with indicators like the one given in OP or just wait for a dip within a month to DCA smartly.

If you read my posts above, you will see Smart DCA does not always give you better entry than Traditional DCA. Assume Bitcoin goes up since a first day of a month, then at a 20th day of that month, it already moves up 30%, a dip like 15% won't give you a better entry than an entry with Traditional DCA at a first day of that month. Sometimes, it helps, sometimes it don't.  :)

24
Bitcoin Forum / Bitcoin is a strongest Proof of Work cryptocurrency. See this comparative table.
« on: April 08, 2024, 03:34:32 PM »

See the screenshot.

You will need more confirmations and equivalent times with altcoin blockchains to get similar security as 6 confirmations on Bitcoin blockchain.

However, it is rough comparison because you can lose all your money if 51% attacks happen after your altcoin transaction get 1 or 2 confirmations. Risk occurs at beginning, not after 10, 20 or 30 confirmations.

25
Bitcoin Forum / Re: The need for usage of Airgapped devices
« on: April 08, 2024, 03:23:22 PM »
Quote from: Fivestar4everMVP on April 06, 2024, 10:49:31 AM
Just get an old mobile phone that you intend not using any more, connect to the internet and install electrum, or any other open source non custodial wallet
Get if from an official website.

Quote
create a new wallet, write down your seed phrase and keep it somewhere really safe, move as much of your crypto you intend holding for a very long time into the new wallet, after confirming receipt of the crypto, now disconnect the old device from the internet, delete all network access settings
After downloading a wallet software, install it on your mobile phone, you must immediately disconnect your phone to Internet.

After that, create your wallet, get it receiving address.
Funding that wallet.

All of these steps must be done offline!

26
Bitcoin Forum / Re: DCA vs Smart DCA, what do you choose?
« on: April 08, 2024, 03:09:53 PM »
Quote from: vegasus on April 06, 2024, 10:06:54 PM
I think, there is only DCA, even there's also Smart DCA?  ;D
DCA is simpler, the ways and also the term. I basically have been comfortable with DCA system to  be done for investment. SO, not really think again what other terms, like Smart DCA   :D
I said multiple times in this thread, that I see Traditional DCA is better for many people, if not all.

However, there are people and times to do things to maximize DCA and we can call it as Smart DCA efforts. What methods they use to support Traditional DCA, to come with Smart DCA, I don't know.

In this thread, I only shared that Dashboard, with signal for Smart DCA. It's free to watch and use as an extra tool for your investment. I don't recommend anyone to choose Smart DCA for their investment, it's their money, they have to make own decisions.

27
Bitcoin Forum / Re: There are only 23 days left until Halving takes place
« on: April 05, 2024, 04:00:47 PM »
I don't expect Bitcoin to quickly blast off after the halving but I believe it will make a parabolic curve and give us a new All Time High.

Anyone who have yet known about Bitcoin performances after past halvings, check it out with the chart and of course, check another thread of mine.


28
Basic Questions about Cryptos / Re: How can you choose your bitcoin wallet?
« on: April 05, 2024, 03:17:30 PM »
Quote from: Litzki1990 on April 04, 2024, 12:41:11 AM
I think you should never share your wallet private key with anyone. Suppose my wallet is empty and there are no coins or any money in my wallet, still I say even if my wallet is empty I should not share the key of that wallet with anyone else. Maybe your wallet is empty now but in the future your wallet may have enough money
Another risk of sharing or leaking a wallet private key or mnemonic seed is perhaps in future, after creating many wallets, without any note - what wallets are used, what wallets are empty, what wallets are leaked by yourself - you will fund that wallet and who knows, that wallet will be hacked quickly.

Bad people can have automatic tool to detect any In transactions and will move it out as soon as possible.

If you are careless enough to share / leak your private key, you will be careless enough to do many things without any note.

29
Bitcoin Forum / Re: Bitcoin bull market correction drawdowns
« on: April 05, 2024, 02:57:11 PM »
There is another site for us (free access) to check Bitcoin bull market correction drawdowns.

Quote from: taufik123 on April 04, 2024, 06:43:46 PM
Having reserves with USDT will give you the opportunity to buy at a lower price.
It is necessary to do good capital management so that every opportunity that comes can be used properly when the halving arrives and when that correction occurs.
You can do it with Traditional DCA or Smart DCA.

Quote from: Google+ on April 05, 2024, 05:09:26 AM
Trading in cryptocurrency, if you buy the right coin like Bitcoin, don't be afraid that when the price falls it will definitely rise again to very expensive when the time comes.
It is more fitted with Investment, not Trading. With investment, you can hold your bitcoin very long time, and of course you need to have plan and good capital management to hold it. With trading, you have less choice to hold or to exit, especially if you use leverage, futures trading types, no chance to hold your bitcoin.

30
Bitcoin Forum / Re: Bitcoin bull market correction drawdowns
« on: April 04, 2024, 05:21:10 PM »
Quote from: dwyane36 on April 03, 2024, 03:12:35 PM
I am also inclined to believe that the market will have a correction to $52k. If we analyze the BTC chart, this level really seems to be the ideal level to complete the correction from a technical analysis point of view. However, the market is not always predictable, and I also don't rule out that the market may have a short consolidation in the current range rather than a full-fledged correction.
If we see the daily candle chart only, it seems possible because under $60,000, there is a huge space for draw down.

If we look at Volume Profile (VPVR), Cohorts, and Liquidation Heatmap, we can see other probabilities for a draw down to about $52k.

It's not my financial advice and I never call to sell your bitcoins, and wait for $52k to buy back or use Leverage and Short Bitcoin now with belief it will drop to $52k.

Quote from: legend45 on April 04, 2024, 04:42:03 AM
It's good if you have prepared USDT to buy Bitcoin during the halving, because there may be a correction. I have bought in previous years, so if I don't want to increase my collection this year, I will focus more on the potential of altcoins.
Around the halving, means before and after, not during the halving. Halving happens quickly between two blocks, and does not take a long time.

Price will change before or after the halving and I expect small mining farms, companies will not be able to suffer 1/2 of block subsidy while Bitcoin price won't double quickly. If they have thin budget and bad business fund management, they will have to sell their bitcoins to pay necessary bills even have to sale off their Bitcoin ASICs.

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