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Messages - Uruhara

Pages: 1 ... 38 39 [40] 41 42 ... 45
586
Bitcoin Forum / Re: Bitcoin Dump Signifcant After Halving
« on: January 19, 2024, 02:13:15 AM »
Quote from: kent47400 on January 14, 2024, 12:39:59 AM

-What do you think, will you still continue to buy Bitcoin?
-Will you continue to HodL Bitcoin?
-If you saw the price of Bitcoin drop significantly to 22,400 USD, how would you feel?
-What prayer did you say when Bitcoin touched the price of 22,400 USD?

+You can say everything but this is my imaginations because Bitcoin price very volatile.
+See in the screenshot above, 99 days to reach Blockhalving, that's soon and that's my lucky number, namely 99!
Continuing to hodl bitcoin will definitely still be done by all of us who invest for the long term. But I personally don't know whether I will panic or become more greedy and accumulate more if the price of bitcoin falls further. But I hope btc can surpass the previous ATH before the halving occurs. And then form a new ATH after the halving.

587
Crypto Exchanges / Re: Status of CEX in your country
« on: January 19, 2024, 01:57:12 AM »
Quote from: DabsPoorVersion on December 17, 2023, 02:23:36 AM
A few weeks ago, SEC Philippines released an announcement/warning to the public that the Binance Exchange is not a registered exchange in our country and illegally operates without a license.

Right now, Binance was given 3 months from November 29 to comply with the regulations of the Philippines.
This news was not only for Binance but the other centralized exchanges that are unregistered will also be banned.

We have a local wallet exchange that we can use (e.g. coinsph, gcash, pdax), however, Filipino crypto users find it more convenient to use Binance P2P transactions.

How about in your country, is it legal or illegal to use crypto?
How does the government make its move against CEX?
Binance in our country is also not legal yet. But in our country there are many legal CEXs so we have many choices that can be used. Using P2P on Binance is very convenient. And it is also a choice for many users in my country.

In my country crypto is legal as a commodity asset. So we can buy and sell it freely. Because there are already clear regulations regarding this matter. The only problem is that the taxes are quite large when we transact on CEX which is legal and supervised by the government.

588
Cryptocurrency discussions / Re: Beside trading, what's the point of cryptos for ordinary people and businesses?
« on: January 19, 2024, 01:42:23 AM »
Quote from: Peter90 on January 18, 2024, 11:50:22 PM
Quote from: Uruhara on January 18, 2024, 01:56:28 PM
All things in the world will be useful only for those who can use them. Likewise, crypto will only be useful for those who understand crypto itself. So the answer is that crypto will not be useful for those who don't even know crypto.

That's clear, but what do you mean with understand crypto?
Is it just to know how send crypto to a wallet, and how to exchange it with fiat?
Than yes, you are right.
In order to benefit from cryptos people need to know those things.
Well not everyone wants to understand crypto in detail. In fact, there are still many of us who cannot differentiate between Layer Zero, L1, L2 and L3. But everyone is used to using crypto for trading and investing. Because the goal is to make a profit. So just understanding crypto basically is enough. The most important thing is that they understand the risks and potential they are taking.

Quote from: Peter90 on January 18, 2024, 11:50:22 PM
So, what are cryptos good for for people who don't want to earn money through crypto trading?
for this answer as I wrote before.
Quote from: Uruhara on January 18, 2024, 01:56:28 PM
But when high inflation occurs in a country we have seen crypto adoption increase, such as in African countries and also in Turkey and many more are using bitcoin as a temporary hedge to save asset values ​​from high inflation. So in certain situations crypto is useful in avoiding inflation in a certain period. But I doubt it in the long term because crypto asset fluctuations are also very wild. So for hedging, gold is certainly better.
Crypto can even be used to move assets from abroad easily. And making overseas shipping limits can be avoided. and much more. Because actually crypto users don't just do it just to make a profit from trading. But there are many uses of crypto for other things.

589
Bitcoin Forum / Re: Mempool Observer - Discussion about Bitcoin Fees
« on: January 18, 2024, 05:03:17 PM »


I used to think 20 sats/vB was expensive. But now I see 40 sats/vB is cheap. Because now we've kept seeing costs keep circling between 40 to 200.

I hope things return to normal and I miss transactions with fees of 6 to 10sats/vB. Now I'm even starting to doubt that we'll ever see such cheap costs again. :'(

590
Economics , Sociology & Politics / Re: Cost of living
« on: January 18, 2024, 04:47:00 PM »
The root of the problems that occur in every country is actually quite the same, namely in mismanagement of the state budget and resources and rampant corruption. These two things are two things that have a huge impact on the welfare of a country. If a country has been able to manage the country's natural resources well but in government there are still many corrupt practices, then this will only cause disadvantage to lower parties. In this case, the bottom party is the community. Inflation actually occurs because of this. External factors such as pandemics and war also have a big influence. But out there there are also countries that went bankrupt even before the pandemic and war occurred. Well, everything happens due to incompetence in managing state resources, be it budget, income, nature and so on. So this is where the importance of a fair leader. Unfortunately it is not easy to find it nowadays.

591
Bitcoin Forum / Re: 100 days Left For Bitcoin halving
« on: January 18, 2024, 03:13:33 PM »
Quote from: James Anderson on January 08, 2024, 01:24:31 PM
There are 100 days left until the Bitcoin halving. What is your prediction for the Bitcoin price? Do you think it will surpass the $50K mark? Additionally, could you share your opinion on ETF?
maybe hitting the 50k mark is the most likely thing to happen. But I expected more than that. Unfortunately, currently war conflicts seem to be shaking the world economy a bit, resulting in a decline in trade activity in the market. Even Bitcoin has been sideways in over a week. So it is difficult to see which direction Bitcoin will go. Bitcoin ETFs don't seem to be as hyped as I thought. Because it seemed like everyone was so prepared for it that no one else could pump it up. But the downturn has panicked people and this should reinforce the next rise.

592
Cryptocurrency discussions / Re: Which ship brought you to crypto world?
« on: January 18, 2024, 02:35:56 PM »
Maybe there is nothing special in my story. Because I even forgot my initial reason for getting to know and be interested in crypto. But maybe this is due to the people around me who were already familiar with crypto and I followed suit. I wasn't even that interested in investing in bitcoin at first. But then I started to understand slowly and became more involved and liked crypto even more until now.

593
Cryptocurrency discussions / Re: Long term effect of the Russia Ukraine war
« on: January 18, 2024, 02:25:51 PM »
Quote from: DrBeer on January 18, 2024, 01:02:28 PM
Quote from: trendcoin on January 16, 2024, 11:35:27 PM
In the long run, this war will have many devastating effects, and one of them will undoubtedly be economic. Infrastructure, industrial facilities and agricultural areas in Ukraine have been damaged. The price of everything from grain crops to sunflower oil has gone up in this war, but most importantly, we have lost our humanity in this war because innocent children have also died in this war. Wars are going on all over the world and children are dying, we don't need to be close to any side, we just need to be close to children...

I don't want to talk about economics over such a sad event, but in times of wars, stock markets crash and gold prices go up. Which do you think cryptocurrencies are closer to?

If we look at the crypto market, and overlay a graph of crypto market prices and capitalization, on a timeline, unfortunately we don't see a correlation between horrible events and the price of cryptocurrencies. My assumption is that cryptocurrencies in times of war are not a safe haven asset like gold. Accordingly, the demand for cryptocurrency is not growing, the price is not changing....
So true. But on the one hand, crypto assets are much more flexible to take from one country to another. For example, if A lives in a country that has the potential to become a place of war conflict, then usually the residents there will try to evacuate and go to another country for a while and it is impossible for them to bring large amounts of their fiat currency. Because freezing of bank accounts can also occur in countries involved in war conflicts. So many people save their assets by exchanging them for crypto. So we have seen a slight spike in bitcoin prices after the news about Russia going to war with Ukraine became a sensation. And I think that is an impact that will exist, even if only for a short time.

594
Cryptocurrency discussions / Re: Beside trading, what's the point of cryptos for ordinary people and businesses?
« on: January 18, 2024, 01:56:28 PM »
All things in the world will be useful only for those who can use them. Likewise, crypto will only be useful for those who understand crypto itself. So the answer is that crypto will not be useful for those who don't even know crypto. I know a doctor who knows crypto and I also know a doctor who doesn't know crypto. And I also know a grocery trader on the side of the road who knows crypto and I'm even friends with him and I also know a grocery trader next to my friend who doesn't know crypto.

Even a cash register will be of no use to a store that doesn't know how to use a cash register. But cash registers will be useful for stores that know how to use them. So from this analogy alone it is actually clear.

But when high inflation occurs in a country we have seen crypto adoption increase, such as in African countries and also in Turkey and many more are using bitcoin as a temporary hedge to save asset values ​​from high inflation. So in certain situations crypto is useful in avoiding inflation in a certain period. But I doubt it in the long term because crypto asset fluctuations are also very wild. So for hedging, gold is certainly better.

595
Cryptocurrency Trading / Re: HODLing Altcoins
« on: January 18, 2024, 11:52:39 AM »
Quote from: $crypto$ on January 18, 2024, 10:47:01 AM
Quote from: Uruhara on January 17, 2024, 01:56:04 PM
Quote from: $crypto$ on January 17, 2024, 11:34:57 AM
With so many altcoins, it is a challenge for us because it will confuse us. Many atcoins are predicted to have a good future, but in the end they don't achieve anything for years. on the other hand there are also altcoins that we don't predict to achieve something in the future, they can actually reach higher prices.

There is no guarantee of that, maybe one option is to choose a coin that is in the top 10, yes it can be one of the choices if we want to invest in altcoins.

I myself prefer to invest in alcoins for a short time to take profits, after that I can use the profits to invest in bitcoin.
Well that is a wiser course of action. Because I also do that. But I personally still have a medium term investment in altcoins. But I only buy when a big event is about to happen. Like Avax, where the fundamental news has clearly spread and also received confirmation. So when the price was still around 13 USD I entered and even now I'm still holding it. Apart from Avax, I also have other collections.

But mostly I only buy altcoins according to the trending season. And I always sell it immediately when I have a profit.
Well true, fundamentals are one that can be used as a basis for buying altcoins, usually fundamentals are very influential on the existence of altcoins that will increase in the future. I also do the same thing about this.

I think almost everyone does that, but we also don't get carried away by emotions and don't want to be left behind. For example, when the price has risen and reached ATH we have to consider everything because in my opinion it is part of FOMO. Because if we do that maybe we should hold it longer, because by the time other people have already taken profits, we are late and just entered the market.
Well, it's true that this is what we need to be most aware of and what we must avoid, namely FOMO. Maybe those who are experienced in trading altcoins will not fall into the FOMO trap. But for beginners, sometimes they are still influenced by hype and become afraid of missing out so they enter when prices are high.

Emotional control or emotional management is important in crypto trading. Because without good emotional management, sometimes a trader can experience large losses. Because the indicators of fear and greed will be difficult for them to understand, which will result in them having difficulty determining when to enter and when to exit.

596
Cryptocurrency Trading / Re: HODLing Altcoins
« on: January 17, 2024, 01:56:04 PM »
Quote from: $crypto$ on January 17, 2024, 11:34:57 AM
Quote from: Uruhara on January 17, 2024, 09:24:08 AM
That's why investing in altcoins may just be safer in the short and medium term. We buy in bearish markets and sell in bullish markets. That's all we can do in altcoins. But there are also several altcoins which this season actually have new ATHs. so that many altcoin holders will definitely make a profit after holding it for the long term.

And the altcoin I mean is INJ.
With so many altcoins, it is a challenge for us because it will confuse us. Many atcoins are predicted to have a good future, but in the end they don't achieve anything for years. on the other hand there are also altcoins that we don't predict to achieve something in the future, they can actually reach higher prices.

There is no guarantee of that, maybe one option is to choose a coin that is in the top 10, yes it can be one of the choices if we want to invest in altcoins.

I myself prefer to invest in alcoins for a short time to take profits, after that I can use the profits to invest in bitcoin.
Well that is a wiser course of action. Because I also do that. But I personally still have a medium term investment in altcoins. But I only buy when a big event is about to happen. Like Avax, where the fundamental news has clearly spread and also received confirmation. So when the price was still around 13 USD I entered and even now I'm still holding it. Apart from Avax, I also have other collections.

But mostly I only buy altcoins according to the trending season. And I always sell it immediately when I have a profit.

597
News related to Crypto / Re: SEC Chair Gary Gensler Sees Irony in Spot Bitcoin ETF Approval — 'This Was About
« on: January 17, 2024, 01:35:39 PM »
Quote from: sirty143 on January 16, 2024, 05:02:09 AM
SEC Chair Gary Gensler Sees Irony in Spot Bitcoin ETF Approval — 'This Was About Centralization'


U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler sees irony in the approval of spot bitcoin exchange-traded funds (ETFs). “This was about centralization and traditional means of finance,” said Gensler, warning: “Investors should be aware... See more for yourself here.

Your opinion is greatly appreciated.
Gary Gensler personally probably still doesn't like bitcoin. But he has no reason to reject approval of a proposed Bitcoin ETF. Because as long as the application meets the SEC's requirements, it has no reason to reject it. Because Gary Gensler also acted in accordance with the regulations made. So it is not surprising if he inevitably agrees to a spot Bitcoin ETF. Even Ethereum Spot ETFs are sure to follow suit. At least he remains professional by still agreeing to the Bitcoin ETF.

598
Cryptocurrency Trading / Re: Diversification as a Strategy
« on: January 17, 2024, 09:34:42 AM »
Quote from: Gurujebs on January 08, 2024, 04:30:02 PM
Quote from: Uruhara on January 08, 2024, 04:17:58 PM
Diversification is very important. Not only in investment but also in crypto trading. I also do diversification in crypto investments. Like dividing capital for investing in crypto into several parts. And I personally divide it into investing in bitcoin partly and investing in altcoins partly. And in altcoin investment, I also divide it according to the altcoin category that I enter. Like I hold several altcoins in the AI ​​category and I also hold several altcoins in the layer 1 and 2 categories. And I also set aside a small portion for speculative investments such as meme coins. This makes me calmer in investing.

Diversification is like expanding something and that's a wrong term to use in trading. You can split your funds with multiple orders but not diversify. Only on investment toy diversify with strategies so that when you invest in assets A, B, C and D; each of them might not grow together concurrently but one will surely perform well than the rest. There is high tendency of having one that might not grow at all and hence more reason why you should diversify portfolio.

As for trading, you can span your capital through different pairs, do your technical and fundamental analysis and then open your trades and watch over them depending on how long you want to live them to grow before you see them on the exchange.
What you say is very true, friend.

But diversification is not limited to investment alone but can also be applied in several medium and long term trades such as swing method spot trading and futures trading. And it must also be noted that diversification is basically risk management itself. Maybe not many people realize it, but traders are already used to risk management. And actually that is also part of broad diversification.

Like I have capital which I divide to buy several altcoins when there is a correction on Monday and I divide the capital by buying several altcoins and we do this because we don't know which one will first get an upward moment. And when one of them has a moment of increase, we can start selling on that one. And of course, before deciding to enter an altcoin, we must have technical, fundamental and sentimental analysis. In fact, we also have to look at the narrative that is ongoing and has the potential for hype in the future.

599
Cryptocurrency Trading / Re: HODLing Altcoins
« on: January 17, 2024, 09:24:08 AM »
Quote from: trendcoin on January 13, 2024, 04:58:20 PM
I don't find it right to hodl altcoins... Of course, major altcoins are generally reliable, but we all know the recent performance of EOS and LTC, which were once seen as major altcoins, or we all know the performance of XRP in the last bull season. None of these coins reached their ATH levels in the last bull season. Of course, I would like to say that I consider Ethereum in a separate category from other altcoins, but I look at it as a profit-oriented rather than a long-term investment tool. I'm a bit pessimistic about it...
That's why investing in altcoins may just be safer in the short and medium term. We buy in bearish markets and sell in bullish markets. That's all we can do in altcoins. But there are also several altcoins which this season actually have new ATHs. so that many altcoin holders will definitely make a profit after holding it for the long term.

And the altcoin I mean is INJ.

600
Cryptocurrency Trading / Re: Do professional traders lose money?
« on: January 17, 2024, 08:46:32 AM »
Quote from: Gormicsta on January 17, 2024, 02:51:38 AM
In terms of trading or investing, I don't think that is a professional or experience traders, don't get me wrong because we all lose money, whether beginners or professional because we all have fear and greed in us which makes us to lose money, Rather the only difference between professional and beginers is that the high rate of loss for the beginers won't be the same with that of the professional so I think professional traders also lose money.
So true. Even if several traders have the same insight regarding trading and also have the same experience in trading, they will definitely still have different results. But everyone will experience losses. But the factor that is difficult for all traders to face is managing emotions in trading such as greed and fear. Even a pro might lose control of their emotions sometimes. But the difference is that pros have more mature limits and planning than beginners. And pro traders have insight into when to stop if trading is no longer profitable for them.

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