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Messages - tranthidung

Pages: 1 2 [3] 4 5 ... 19
31
Bitcoin Forum / Re: Lost, Forgotten Bitcoin. How many are there?
« on: April 04, 2024, 05:17:47 PM »
This is an excellent proposal, I don't know how technically feasible it is, but it is definitely worth considering.
I don't think so because it breaks the core value of Bitcoin Protocol. It's your private key, it's your bitcoin.

It will never happen!
Even if you increase the age, even if you decrease the amount taken by 50 or 90% no such proposal will ever be accepted.

The main problem is not what it does itself but the fact that everyone will see it as opening Pandora's box, if this happens then what's next? And people's imagination will run wild, what if next it's a mandatory annual tax of 0.1% on all coins?
Furthermore, you have Satoshi's own opinion, lost coins are a donation, he had no plan to recycle them.
I agree with you.

Bitcoin is our own banks, with private keys, or mnemonic seeds. If there is a term like this in the Protocol, and a code to refund our bitcoins after 50 inactive years, people will lose their faith in Bitcoin.

The threshold is hard to define too. 50 years, people have longer lifespan that it and even threshold is 100 years, there are people can live longer than that. More important, Bitcoin can be used as inherited asset for our children and family members, from generation to generation.

This idea breaks all of good core value of Bitcoin Protocol.

It is a Pandora box we never want to open similarly to increase Bitcoin total supply.

32
Bitcoin Forum / Re: DCA vs Smart DCA, what do you choose?
« on: April 04, 2024, 05:12:18 PM »
For me, the concept is more like doing a short trade in spot position. Especially, the main goal is not to invest at the bottom, but to invest by waiting for the price to pull back, right?
If you look at the chart (screenshot and live one on the given dashboard), you will see it is not a quick trade because when Smart DCA gives you a green light, it usually lasts for a while long time.

I don't get my head screwed on and I don't try to be 'smart' by getting the dips right. As I commented in another thread recently on my local forum, the problem with dips is that you don't know if it's really a dip and the price is going to recover, or you're buying when the price is still going to go much lower. The author seems to have found a system with:
Because, here we are talking about Bitcoin, the strongest one in cryptocurrency market, and because we believe it will survive, make higher highs with time. Buying any dip of Bitcoin, with an investment plan for long term, is never bad idea.

If buying dip for a quick trade, it can be wrong sometimes but even quick trade, most of time, we can get profit too but it's not a point of this topic - that is for investment, not trading.

I feel it's impossible to predict when these green-spotted times will come. Even if it's the green-spotted time, how do I know it won't go down further? I will be confused. Should I wait for more to dump it, and then will I have the perfect time to buy? This is one of the reasons I think SDCA is bad for me. I am speaking for myself only.
Visit the dashboard, given link is at OP, but you must have an account on Crypto Quant, to see that SDCA indicator. Assume you consider it is a good indicator, you can get access to it, freely, and can use it too.

33
Bitcoin Forum / Re: DCA vs Smart DCA, what do you choose? 01719
« on: April 03, 2024, 11:48:48 AM »
I have been doing that for a year, and I am glad I decided not to spend all my signature earnings. If someone can save their entire signature earnings, that is good. But, if they cannot, they should save at least half of it. Some locals asked when I had invested and how much my buying price was. The simple answer is that I never bought BTC for holding purposes. All the BTC and altcoins I have now are Signature earnings from the other forum.
Congratulations for your good savings in bitcoins.

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As for classic DCA and SDCA, I guess the classic one is better. Just increase the amount during the dip market and decrease when it's pumped. That is what I think.
By bringing this topic, I only wanted to bring something I discovered, new to everyone but as I noted, Classic (Traditional) DCA is better for most of us. For people who can use Smart DCA better, go ahead with it.

According to my personal observations, this strategy is not always profitable on the distance. Therefore, it is necessary to be extremely careful. Not everything works the way we would like it to. Especially, this strategy cannot work properly, when the price of bitcoin (the whole cryptocurrency) has already given hundreds of % returns, over the last year.
By applying Smart DCA, you might miss lower prices, better entries but with Smart DCA, you buy dips and can get profit quickly.

It is good strategy in a bull market but in bear market, if you don't have enough experience, you can buy dips and hold, so end with loss with time before the market starts its recovery from bottom.

34
Bitcoin Forum / Re: Bitcoin bull market correction drawdowns
« on: April 03, 2024, 11:43:15 AM »
P.S. As far as I'm concerned, words are just unnecessary here. Every day is positive news + more and more people are learning for bitcoin and the industry itself in general.  8)
If you look at the market and news daily, you will see so chaotic information, good and bad.

If you look at it yearly, you will see almost positive news and solid growth of this market with time. It's big difference when we zoom out and see a wide picture.

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Bitcoin. The quarter closed with a +69% gain. A positive quarter leads to a positive year 100% of the time. This time around, what do you think about it?
It's too complicated.  :P

Is this the pre-halving dump?
Will it go below 60k?
Days ago, it dropped to around $59,000 and I really believe Bitcoin will have a weak down to $52k to $53k as its last market clean up before a parabolic curve after its halving.

When it's comes to Bitcoin investments, I rather just keep it simple and avoid any complications that would results to me regretting and that's why I always go with the DCA strategy
To keep your investment and your life easily, DCA is a good strategy to use. Some investors will make their investment and life harder by using Smart/ Customized DCA as I discuss in another topic.

35
Bitcoin Forum / Re: Bitcoin bull market correction drawdowns
« on: April 01, 2024, 04:18:11 AM »
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.
DCA is more about spending money on accumulation of bitcoin for your portfolio. You don't have to spend a fixed amount of money like $100 or $1,000 for each of your DCA entry. The point is you can assign a minimum fixed capital for each entry but if you have more, you can increase the DCA capital for any DCA round.

You can DCA like a clock, with fixed time, fixed capital but you can be flexible with it too because life is not like a clock and your financial status can change too.

DCA method is definitely a good way for small investors to invest their small funds.
It is one of biggest wrong thinking about DCA. DCA is for everyone, from small to big investors.

MicroStrategy is DCA and they are not a small investor. Whales apply DCA too and surely we can not say whales are small investors.
https://saylortracker.com/
MicroStrategy is winning big

Usually, after the halving occurs, the price of bitcoin will have the potential to collapse temporarily because there will definitely be miners and whales who will try to sell their assets and have an influence on bitcoin price movements in the market, but when I look at the history of bitcoin price movements in the past four years then there is a possibility that after the price collapses it will rise again at a very high price.
It is your speculation and price can fluctuate with not big up or down changes around halving or it will have a surge or a massive weak down. We all can not know what will happen in future but if you have bitcoin, hold it tightly as months after a halving, we will have a massive bull market.

If you have spare money, let's be ready for accumulate more bitcoins. Don't miss the party!

36
Bitcoin Forum / Re: DCA vs Smart DCA, what do you choose?
« on: April 01, 2024, 04:01:48 AM »
So you are saying there is a Smart DCA indicator, or we have to use it with some indicator, like what? Do you have any in mind, for example, I would use 4 EMA lines to make support and resistances, and if want to do DCA then I could use those lines (Resistances and support made by 4EMA) as buying and selling points. I can even extend the date, from 1 day to 1 Week if the selected coins is not new.

Although I won't say its the most reliable Indicator to do Smart DCA, BTW you are saying we don't use any kind of indicator with traditional (so called by you) DCA. As, I TBH used the indicators I mostly use to do DCA as well but not so much as most of my DCA is in BTC and I don't do DCA in BTC using any indicators but in alts I do.
You can use whatever indicator you want if you intend to do customized DCA. You can call it as whatever you want, Smart DCA, Customized DCA, Personalized DCA but the bottom line, it is no longer a Traditional (Classic) DCA.

You need to add some inputs to time the market, and your waiting time between two entries will be not at a fixed regular basis. You can invest after 1 month, 3 months or 6 months, because basically with Smart/ Customized/ Personalized DCA, you are timing the market and find best entries with some indicators that are best in your view.

I also didn't say Smart DCA is better than Traditional DCA.

37
Satoshi Nakamoto was last seen active on the forum December 13, 2010
Satoshi Nakamoto never used Altcoinstalks and he disappeared years before Altcoinstalks forum was created.

Quote
In my opinion, it will be very dangerous when Satoshi Nakamoto's identity is known. There is a possibility that if Satoshi Nakamoto's identity was known then the price would not be as expensive as it is now.
I agree and disagree.

I agree that if Satoshi Nakamoto identity is known, still alive, the market will have some price shocks with fud and fear that Satoshi Nakamoto will dump his bitcoins on the market and drag the price down.

I disagree that price shock won't last long, and price will recover after all. Because even Satoshi Nakamoto (if alive), can not shut down Bitcoin network, can not roll back the blockchain. His existence can not help government to shut down Bitcoin blockchain and its network.

38
Bitcoin Forum / Re: Lost, Forgotten Bitcoin. How many are there?
« on: March 28, 2024, 12:17:01 PM »
yeah , up to now I can check the wallet and the bitcoin still sits there and that is frustrating knowing that it is use to be my bitcoin and seeing the value of bitcoin now? damn that should be a big amount for me now comparing to how much it is when i lose it, while the value of bitcoin continues to increase day by day.
For what you lost, consider it already gone forever.

Don't try to complicate your life with your calculation that how much does your past loss is at today price?

If you think your past loss this way, you will feel painful, more painful with time and it is not helpful at all.

If you spent your bitcoins, in another example, to buy luxury things like iPhone, years ago, don't consider it as your loss. You bought a luxury item, enjoyed it and now consider it as your loss, no life is not like this.

Cost of An iPhone in Bitcoin & Ether, Over The Years


39
Bitcoin Forum / Re: Bitcoin bull market correction drawdowns
« on: March 28, 2024, 12:04:10 PM »
Yeah most futures traders will benefit more on these up and down trends.
Futures Trading is risky and I am very doubtful that if a trader lives to trade Futures, he will end up with Positive Net Profit. Probability to end up with Massive Loss is more realistic.

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.

40
Bitcoin Forum / Re: DCA vs Smart DCA, what do you choose?
« on: March 28, 2024, 11:55:00 AM »
It is not the same thing because I never touched the dollars, so by definition it cant be called dollar cost averaging  ;D
I can also spend coins when I need to do it and I dont have to worry about spending the same amount of money to buy bitcoin.
I disagree.

Assume you receive $100 /week from your signature campaign payment. You will have two ways to DCA, buying Bitcoin with cash or stablecoin. Another way is receiving it directly with your signature campaign payment. The second way, you disagree with me but what will happen if you receive your signature campaign payment in $ or in altcoins. You will have convert it to Bitcoin and it is DCA, just different in middle steps.

In my eyes, the DCA strategy combined with DIP accumulation is the best way for sure profits.
Nothing surely brings profit too you. You will get profit or loss, with same entry for DCA, if your time to stay in the market is longer or shorter, that leads to different exit time and price.

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But with DCA+DIP accumulation we keep that fixed amount of a week or month at a side and wait for the DIP to take place and when we see the DIP then we utilize that amount for DCAying.
This is one of Smart DCA's disadvantages. It's challenging to keep your money for weeks, months intact and don't use it for other things than investment in Bitcoin.

41
but it's unfortunate I didn't notice that the minimum deposit of the exchange is 0.0005BTC. So, I didn't receive last week pay, which means the scam CEX got it instead.
That exchange did not scam you if they wrote it in their website like their exchange fee (withdrawal, deposit ...) or at the Deposit page in your account.

If they have it, they did not scam you and you were irresponsible with your money by did not read it. Afaik, exchanges have min deposit for each cryptocurrency.

42
Bitcoin Forum / Re: DCA vs Smart DCA, what do you choose?
« on: March 27, 2024, 03:14:01 AM »
Can I propose something better?
I think SCDA is smartest way of getting bitcoin, this is Signature Campaign Dollar Averaging so I am choosing this ;D
This is weekly receiving bitcoin and I am not spending any dollars, but I am investing my time in forum.
This is Traditional DCA. You accumulate bitcoins on regular basis, with assumption that your job with signature campaign is stable and you don't have too long break time for signature campaign participation and salary. What you are saying is not different than Traditional DCA, and you just describe exactly what your investment capital comes from, through signature campaign payments.

It is not kind of Smart DCA.

Learning too many market analysis techniques will actually make us even more confused because as far as I know cryptocurrency price movements are not easy to predict, sometimes what has been predicted is at that price but when there is bad news everything just collapses and doesn't match the price. analysis results.
This is why intelligent investors choose DCA. They are smart because with DCA, they will be able to enjoy their life. They invest to live, not live to invest and if they can find a good investment strategy that does not make them headache, it's good. Traditional DCA strategy can help them to achieve both, wealth and healthier, happier life.

43
Bitcoin Forum / Re: DCA vs Smart DCA, what do you choose?
« on: March 24, 2024, 04:00:22 AM »
I was aware of the smart DCA method before but did not come up with some term to call it, so it's a small DCA. Well, both have their own use cases in separate situations and in my view, there are no restrictions in using one strategy in place of another. For example, we can do smart DCA even in the bearish run and can do DCA in a bull run. I don't think there are any restrictions on it.
If people want to do DCA smartly but only base on their thinking and don't have any reliable indicator to use, they might have bad practice than Traditional DCA.

It's the point and use case of this Smart DCA indicator. Perhaps this indicator is useful for people who want to do Smart DCA for their investment. The bottom line is whether this Smart DCA indicator is reliable enough.

I still prefer using the traditional way of DCAing my Bitcoins because it doesn't need for me to learn technical analysis and any other complicated techniques that will keep my eye on the screen for hours. This is what caused stress to me a few years back so I will stick to the traditional one from now onwards.
If you consider this Smart DCA indicator is reliable, you can use it without much own work for technical analysis. Because the author already did the hard work for you and the indicator is public to use.

44
Bitcoin Forum / Re: Bitcoin Spot ETF Tracker
« on: March 24, 2024, 03:47:42 AM »
Last week, Grayscale has massive outflow and both BlackRock, Fidelity ETFs could not cover it with their inflows. The recent outflow from Grayscale probably comes from Genesis but if their outflow rate continues, they will have nothing left next 90 days.

Sooner or later, selling pressure from Grayscale redemptions will stop and other new Bitcoin Spot ETFs with majority of purchases from BlackRock and Fidelity will bring Bitcoin on a positive direction.

Quote from: https://twitter.com/ArkhamIntel/status/1771567638587814221
At the current rate of redemptions, GBTC runs out of Bitcoin to sell in 96 DAYS.

Since GBTC started trading as an ETF on 11th January, Grayscale has transferred 266.47K BTC out of their wallets for GBTC redemptions.

That’s a rate of 25.9K BTC per week.


45
Bitcoin Forum / Re: Bitcoin bull market correction drawdowns
« on: March 23, 2024, 01:53:48 PM »
The graphic chart you have created here can be very helpful for beginners if they understand this chart well.
You can access it directly on CryptoQuant, but you must create a free account, then visit the following link to access that chart.


Quote
If newbies do not understand this chart well, they may not find it very helpful.
The chart has good summary and basic information which is not difficult for newbies to get its meaning.

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