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Messages - therozaq

Pages: 1 2 3 [4] 5 6 ... 182
46
If I'm not wrong then OP might have bought $100 worth of Ethereum in 2018 and he/she might be holding it since this day, but we can't confirm that because OP isn't active on this forum anyone. He/she was last active in 2019, so I guess he won't reply to us in this thread anymore.
Hopefully the OP still has Ethereum and is very grateful if the Ethereum he owns has grown by trading using ETH pairs or something else with the aim of growing his Ethereum assets. At least if he sells Ethereum in 2024 then he will already have a lot of profit and if he wants to be patient Furthermore, when the ETF accepts Ethereum trading, the price of Ethereum will increase and make a lot of money this year.

If the OP is still holding his ethereum until now, he will definitely have made a profit. Unfortunately OP Taj never came back and clarified this, so did you buy it or not at that time? But we just answer and comment here, invest according to our abilities, don't force it.

47

Yes, you are right and currently the Binance platform is still trying to provide the best by providing lots of new projects created from the Binance smart network, so this will increase Binance users and continue to make the price of Binance increase.
I think the changes made are correct to give confidence to investors and users in Binance, so that confidence can rise again to give encouragement to BNB to increase.
It's really difficult to replace Binance because it is currently the best and has been proven by many people using their network, especially new projects that continue to grow. Gradually, everything will return to its origins and investors will continue to believe in the situation that has improved.
[/quote]

Although many are better and cheaper than binance, but they are not as popular as binance. If we say BSC is good then others, I don't think so. BSC is an alternative smart contract platform as a replacement for ethereum, but there is still one that is cheaper and faster than BSC, namely Solana.

48
Bitcoin Forum / Re: Is Bitcoin legal?
« on: March 13, 2024, 07:22:06 AM »
Bitcoin isn't consider as legal tender in most countries, though it's isn't recognized as a form of currency.
So far, several countries still accept Bitcoin as a legal means of payment, such as El Salvador and the Central African Republic, while other countries have good regulations regarding the use of Bitcoin. Meanwhile, Bitcoin is of course recognized as a substitute for digital currency that can be used to make it easier to carry out electronic transactions and the currency is not always in physical form.

Bitcoin may only be used for transactions in certain countries, and may only be used as a payment method in Elsavador and the Central African Republic. Actually, people always ask about the legality of bitcoin, is it mandatory? Let time tell, because the government has allowed it as an investment tool, I think this is good.

49
-snip-
And finally, you have to go through a long period of holding. Therefore, this is a great lesson for us. Money management is very important. Risk management is also very important. and having self-confidence and also a reasonable target in investing is very necessary. So that we can be on track in choosing what the target is and how to take profit system. So that whatever the ATH and its decline, we are all ready for it.
The entry price target will be quite necessary so as not to wait too long to make a profit.
The ATH price target of $100k-$200k may still be a reasonable target right now, but if it exceeds that target or even millions of dollars, it is beyond expectations and too much.

People who target at unreasonable prices just want to hold on for life without profit being taken.
It is a greedy trait that will weigh on the investment and result in nothing but just waiting and continuing to wait.

This is a classic problem that investors always face, greed will make us lose the opportunity to make a profit. Don't expect more than the target that has been achieved previously, if you feel you have achieved it, just go

50
Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: March 13, 2024, 07:12:19 AM »
I think short-term trading has a very dangerous risk when the price collapses suddenly, it will make you trapped at a high price and of course short-term trading will waste your opportunity to buy coins at a cheap price because it will only follow the last movement of that coin. So, despite the risks involved, I think long-term trading is still the best.
Why it is very dangerous? When you trade shortly, it means you don't need to set a too high target. Moreover, if we choose daily trade, we mostly only take small profits. With that target, I think it will be quite safe, should be safer than long term. Sure, there will be always risks, no trading is 100% safe. That's why we must use a proper strategy in our trading.

Everyone has a strategy for trading and investing in cryptocurrencies. In fact, it is safest in the long term if you buy at the bottom or bearish season and hold until the bullish season. For daily trading it is also good, but we can only get a small profit.

51
Cryptocurrency Trading / Re: HODLing Altcoins
« on: March 13, 2024, 07:08:54 AM »
For now, if you already have a lot of potential coins in your wallet, it's best to hold onto them until the bull season. Hold is the best way while waiting for the bullish season. We can also stake potential coins such as bitcoin and ethereum.
I think now we have entered the era of bull season because I see a lot of altcoins that are increasing their prices and indeed holding assets is the best way to stay awake so as not to lose money, because when the price collapses and sell it at a cheap price then only losses will be obtained.

Of course, currently the best way to make a profit is to hold. Because the bitcoin halving occurred and the bullish season will last a long time, the peak of which is expected to occur next year. While we hold our coins, we can do staking and daily trading to get profits.

52
Cryptocurrency Trading / Re: Do professional traders lose money?
« on: March 13, 2024, 07:04:40 AM »

Trading will never guarantee anyone no matter how experienced he is or not. But those of us who are trading or those who are experienced may be a bit ahead in the field of trading. Some traders are able to use their experience to quickly multiply their wealth, but there is no guarantee that everyone can do it. Even though many traders have experience they lose their assets. It is an unpredictable platform where anything can happen. I have heard from some professional traders who have told me about their losses. If a trader could have profited from trading through experience, they might be in higher positions today.

A professional trader also experiences losses, because we don't always get profits in trading. It's not easy to predict prices in the short term, because we all know cryptocurrencies are volatile. So we can make a profit, but also sometimes lose. It's just a matter of how we manage it.

53
If you don't have the skills and experience as a trader, you should choose hold as a way to invest in cryptocurrencies. Because investing in crypto is not only as a trader, you can choose to be a holder, participate in airdrops, join bounty campaigns, etc.
Yes, I agree with your opinion because so far there are many places that can be used well to earn money from cryptocurrency, the most important thing is how you manage your time to always be active and try to find the right information to carry out tasks from airdrops and other campaigns.

Actually, the obstacle we face is the lack of time to do it, I am too busy in the real world to only be a holder and sometimes a trader in the crypto world. There is no time to participate in airdrops etc.

54
I think as long as there are still many projects that use it, it will become a reference in itself-so that trust will definitely have an impact, although maybe there will also be many low-cost networks like you said SOL, but reputation also plays a role in determining what to use in the end.[/size]
For me, it's because I'm used to using the network that as long as there aren't any crucial problems, I won't move just because of a slight difference.
The Solana network is still the cheapest among several other smart contract platforms which have very expensive fees, but what you need to pay attention to is don't be satisfied with current technological developments, there is a possibility that in the future this technology will be very outdated and there will be new technology that is better than all.

Of course, it may currently be the best and cheapest but there is no guarantee that there will be something faster and cheaper. that's how technology is, it will always develop all the time.

55

Of course, there are many scammers who currently choose to use the BSC network, because perhaps this network is one of the most popular, with lower fees. In the past, there were also a lot of scammers on the ERC20 network, and that was really extraordinary. However, nowadays, they have many ways to carry out their scams with various types of networks available.

it is currently easier and cheaper to use the binance smart chain network than ERC20. that's why there are lots of scammers there. We have to be careful. do research before choosing a token or project so that we don't get cheated.

56

So far, Ethereum has been in a comfort zone and does not care about the problems that occur with increasingly high transaction costs, even though currently there are more and more new projects that are trying to create technology that has cheaper transaction costs and higher speeds, such as the BSC project and Solana is currently starting to corner Ethereum.

Yes that's correct. BSC and Solana are ethereum's closest competitors. but we see that until now ethereum dev has not been able to solve the problem, high gas fees have always been a problem for them and of course for us as ethereum users.
Among the Solana platform coins, Solana is in a good position, while BNB is in a good position among the BSC platform coins, and all other coins are not in a very good position. It is true that ethereum has a problem with extra transaction fees and ethereum is working on their extra transaction fee problem but they have not been successful so far. I have heard for a long time that the 2.0 version will bring Ethereum to the market, if Ethereum can bring this version to the market, then the problem of transaction fees will be removed and if this problem is removed, many investors will invest in this platform. As the number of investors on this platform increases, the popularity and value of this coin will increase even more.

This is an old problem that seems to have no solution, because up to now ethereum gas fees are still high. As you said, ethereum 2.0 cannot have a positive impact on this problem either. Maybe the ethereum team is not yet aware that many competitors will threaten its existence, such as BNB, Solana etc

57
Ethereum Forum / Re: Reason why you hold Ethereum
« on: March 13, 2024, 06:32:03 AM »
[
Even though it looks safe, I am still careful when buying Ethereum because its price movements are no guarantee of always making a profit. Imagine when Ethereum finally fails to enter the ETF and the price collapses, it will make many people panic.

You should buy ethereum when it is bearish and hold it until now, if the price of ethereum falls because the ethereum ETF is not approved, then you will not experience a loss, but you will not get a big profit.
To get big profit by investing in any coin, we must wait for a long time and also we have to invest at the right time. A few days ago we saw that the price of Ethereum hovered between $2,000 and $2,500 at that time those who invested and held on until now but made enough profit. But at that time many people missed the opportunity to invest, because they missed the chance of double profit, in this case, if an investor invests in Ethereum platform and holds it for a long time, then I would say that it is possible to earn profit in the future even by investing at this time. Just as we need to be serious about investing, we need to be serious about holding investments for the long term.

The price of ethereum has now touched $4,000. This is quite high two when you say the price of ethereum is around $2,000-2,500. That's the crypto world, especially before the bitcoin halving, we saw a very high increase in bitcoin prices, followed by altcoin prices.

58
Bitcoin Forum / Re: Future of Bitcoin
« on: March 13, 2024, 06:26:13 AM »
Bitcoin has a very bright future because, first of all, we compare it to the dollar. Bitcoin has a very bright future because it is a store of value like gold and because it is digital, it has advantages over gold. These are the first things that come to my mind about the future of Bitcoin, but if we keep talking about the future of Bitcoin, we can see that there are many more things...

It doesn't make much sense to compare Bitcoin with the dollar or any other fiat currency. I think it is more correct to compare Bitcoin with gold, as both assets are in short supply and look promising in the long term. It is worth noting that the advantage and, at the same time, the disadvantage of Bitcoin compared to gold is its high volatility, which can sometimes be very unpredictable.

Gold is more stable compared to bitcoin, which has a very high level of volatility. but why do investors prefer bitcoin over gold, because investing in bitcoin is more profitable than gold. And one day people will prefer crypto to gold.

59
Bitcoin Forum / Re: Is Bitcoin Too Expensive For Me?
« on: March 12, 2024, 02:39:22 PM »

We have seen Bitcoin halving in April for a long time, but so far there is no chance that the Bitcoin market will halve again. Every day when I wake up and monitor the Bitcoin market, the price change of Bitcoin surprises me every day. Bitcoin price is changing positively every day and it is definitely nice to see such positive changes. I have invested and lost a lot of time and yet I have held onto my investment and now I may be reaping the rewards of holding. I will hold my investment for some more time and you can hold your investment for some more time if you want.

keep holding your biycoin mate, bitcoin will touch a new ATH, actually I'm not that curious about the bitcoin halving in April because I predict that at that time the price of bitcoin will reach $80-85 K, and after the halving it will start to rise above $90K. so next year we will see the price of bitcoin already exceeding $100 K.

60

So far, Ethereum has been in a comfort zone and does not care about the problems that occur with increasingly high transaction costs, even though currently there are more and more new projects that are trying to create technology that has cheaper transaction costs and higher speeds, such as the BSC project and Solana is currently starting to corner Ethereum.

Yes that's correct. BSC and Solana are ethereum's closest competitors. but we see that until now ethereum dev has not been able to solve the problem, high gas fees have always been a problem for them and of course for us as ethereum users.

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