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Messages - Dr.Bitcoin_Strange

Pages: 1 ... 62 63 [64] 65 66 ... 75
946
Cryptocurrency Trading / Re: Can you participate in a trading competition?
« on: January 23, 2024, 11:01:07 PM »
Quote from: Gormicsta on January 17, 2024, 03:23:22 AM
For me, I don't think I can participate in a trading competition with my reasons which are...
1. Fear
2. Low self-esteem etc, but I think it's also a good idea to join in a competition because it will increase your IQ, it will be of more help than harm.

Well, I don't think the trading competition that was mentioned was that of derivatives or future trading. I think the competition he meant is normal spot trading, which is mostly done by some centralized exchange. For example, there was this old centralized exchange that usually conducts traditional competition. The way it was conducted was that anyone could keep buying a newly listed token or an old coin, and whoever bought the most coins usually won the price. I even think that Binance has done such activities before, but what I don't know is if they still do them now.

I believe that's the kind of trading competition that the OP meant.

947
Cryptocurrency Trading / Re: Should we trust cryptocurrency platforms based on AI?
« on: January 23, 2024, 10:53:12 PM »
Quote from: GerardGudo on September 25, 2023, 05:37:47 PM
What's your take on crypto tools augmented by AI, like the ones at turingmachineai.com? Many platforms emphasize user-friendly investment methods and standout features. If it's so straightforward, why isn't the adoption rate higher? Having gone through various reviews, I have reservations about their genuineness. Are they reliable?

Your question here quite prived you to the answer to this thread. Each time I hear about this AI-related stuff in cryptocurrency, I usually ask how efficient it is, and if it's very efficient, there should be hype about it. Good things don't hide in the crypto space. For example, if an AI gets developed today and is very efficient in generating more profit than humans, it would not take up to a week for the hype to start, and before long, the news would be all over.

I have not heard about the platform you mentioned, but I don't think it will be any different from other CX and brokers with some help from AI. For me, I will use AI when it becomes better than humans.

948
Bitcoin Forum / Re: Is Bitcoin legal?
« on: January 23, 2024, 10:43:07 PM »
Quote from: hair on September 07, 2020, 06:34:16 PM
Many countries legalize bitcoin as a digital asset traded on exchanges, but only a few countries legalize bitcoin as a legal means of payment

As a matter of fact, I think that El Salvador is the country that has made Bitcoin a legal tender where  which anyone can accept it in exchange or goods and other services.

Like you have said @hair, Bitcoin is not ban in most countries, like in my country anybody is free to accept Bitcoin for payment, provided that their clients or customers are willing to pay them in Bitcoin. In my furniture business, I do accept Bitcoin payment and not every of my customers that are paying in Bitcoin or crypto but those that are into Bitcoin usually pay me in Bitcoin.

949
Cryptocurrency Trading / Re: Bitcoin trend accumulation score by cohorts
« on: January 23, 2024, 10:32:49 PM »
Yeah, I feel that some people who were targeting to sell their Bitcoin at $50k would be feeling bad right now because if they had thought that Bitcoin was going to drop to $38,600,  they definitely would have sold at $47k just about two weeks ago. Just a few days ago, I was actually saying that Bitcoin will never drop below $40,000. Thank God I didn't place a bet on it; if not, I would have lost. The market is just so unpredictable, but I know that with the sharp dip in the market, when the bull comes too, it will just be a sudden rise.

Just the way these whales are accumulating more Bitcoin into their portfolios, that's also how we should keep accumulating because during the bull market, the price will definitely cross the last all-time high.

950
Cryptocurrency Trading / Re: Trading Vs Hodling
« on: January 23, 2024, 10:05:34 PM »
Trading is even riskier when the trader doesn't know anything about it. Maybe he or she just thought about trading and thought it was an easy way to make money without realizing that they can also lose money due to price volatility and the dynamic nature of cryptocurrencies.

There are some people who already have years of experience in trading, but yet they still usually experience losses sometimes too. That's why a newbie must first practice how to trade and make sure they know some good strategies before investing. Otherwise, holding is a better option for anyone who cannot handle the risk of trading.

951
Signature Campaigns / Re: [CFNP] Coinomize.biz | Bitcoin Mixer Since 2019 | Signature Campaign
« on: January 22, 2024, 08:34:55 AM »
Quote from: julerz12 on January 22, 2024, 05:57:06 AM
The WEEK 3 spreadsheet is ready for the rewards distribution.
$10 Bonus is given to Dr.Bitcoin_Strange, DrBeer & bitterguy28
The Coinomize team will process your rewards shortly.

No open slot.

Thanks for a successful week sir.

Quote from: Coinomize.biz on January 22, 2024, 07:54:53 AM
3rd week payout: 51465199a59dc2e6545efbcc548afafa4175bde44865d61cbbec5c6c5ac95304

Payment received, thanks.

952
Signature Campaigns / Re: [CFNP] Coinomize.biz | Bitcoin Mixer Since 2019 | Signature Campaign
« on: January 22, 2024, 12:35:49 AM »
Good day sir, @Julerz12.

Please I want to change my old wallet address to a new one.

Old address:
bc1qy6pjkd0ret3829rcx8g4s7yw3vevamvp7j5rx3

New address to update:
bc1qp7e9qn9yhugcl3k9h0hzsgkef5qrqe0gfvpsqm

953
Economics , Sociology & Politics / Re: WHAT IS ECONOMICS FROM YOUR PERSPECTIVE ?
« on: January 21, 2024, 11:22:19 PM »
 OP, if you ask me, I would tell you that this is actually a low-effort topic that doesn't really contribute to any serious discussion here. Economics is what more than 90% of users in this forum already know about. We don't have babies on this forum, but adult men and women who already know what economics is. I think you should try to add more facts to these kinds of topics, which can make them more interesting to discuss.

 >:(

954
Economics , Sociology & Politics / Re: Do you know who you are?
« on: January 21, 2024, 11:12:27 PM »
I think I get what you really mean, and I agree with you. As a matter of fact, it is very compulsory for an individual to discover their talent, work on their skills, and add value to their life before they can become important people in a society of competition.

We are in a society of competition; there are different businesses in competition and different companies in competition too, and they will only employ competent individuals. In such a society, only those who have great skills and professions would have the opportunity to be hired and be paid for their service.

955
Bitcoin Forum / Re: could adoption make BTC price less volatile?
« on: January 21, 2024, 10:57:32 PM »
OP, the adoption of Bitcoin keeps increasing year after year, and yet it doesn't stop Bitcoin from being volatile. Bitcoin is not a stable coin, and there is no way it can stop being volatile even if adoption increases more than what we already have.

Bitcoin has two seasons, which are the bear market and the bull market. During each season, there are usually some factors that contribute to volatility: either the price is going up very fast or it is falling so sharply. There are different factors that contribute to price volatility, and in order to make Bitcoin less volatile, you have to remove those factors.

956
Bitcoin Forum / Re: Have you accepted the risk in bitcoin before investment?
« on: January 21, 2024, 10:41:11 PM »
I agree with you, mate. Not very long ago, I read the comments of a Bitcoiner who said that "Bitcoin is not a get rich quick scheme, nor is it a get poor quick scheme." It is the duty of every individual to properly learn and understand Bitcoin before they can make a successful investment that can yield a profit for them.

Some people have actually invested in Bitcoin because their friends ask them to do so or because they want to make quick earnings, not knowing that Bitcoin investment really requires patience.

957
Bitcoin Forum / Re: How do you think is enough to hold?
« on: January 21, 2024, 10:29:42 PM »
People who will really feel bad about such a situation are those who only bought Bitcoin for the first time. As for those that have been DCAing right from last August, when the price of Bitcoin was still around $26k, those people would already be in profit now that the price is $40k+. Despite the fact that the price already got to $47k before going down, they will not still be in a very big loss.

But for those who bought just recently when the price was already above $45k, I would advise that you hold tight to your coin, and if you have enough money to buy more Bitcoin, continue to accumulate and hold.

958
Cryptocurrency discussions / Re: Bitcoin needs Altcoins as much as Altcoins need Bitcoin
« on: January 21, 2024, 10:01:36 PM »
There is a popular saying that a tree cannot make a forest. I don't really feel that Bitcoin would not have been able to dominate, even if it were the only coin. As a matter of fact, I believe that so many dead altcoins and fake scam projects have even caused so many people to have misconceptions about Bitcoin.

I just feel that altcoins are just there to fill the space if they pump and dump, and if any investor is not lucky enough to buy a token at the right time and also sell at the right time, they could get their token dumped, which will result in a big loss for them.

It is very easy to say that altcoins would not have even been able to last for a very long time if there was no coin like Bitcoin. But with the way Bitcoin was designed, it would have been very possible for Bitcoin to keep living for decades without any altcoin.

With the thousands of altcoin projects and about 50% of those projects falling and crashing with investor funds, it would have been very difficult to trust cryptocurrency if there was no Bitcoin.

959
Cryptocurrency discussions / Re: Altcoin season index = 78: are we really in Altseason?
« on: January 21, 2024, 09:38:49 PM »
Quote from: MrSpasybo on January 15, 2024, 06:51:03 PM

According to this definition and available data, current Index = 78 > 75 and we are in Altseason. Should we switch to investing in Altcoins to follow the Altcoins boom and gain x10, x50, x100 profits???

I do not think so. I don't dare give a definition of Altseason, but here's what I expect from Altseason:

  • BTC halving occurs, confirming the start of a new cycle.
  • BTC price has reached a high price to confirm the growth trend, BTC.D increased sharply.
  • BTC price goes sideways, money flows to Altcoins.
  • Most of the top altcoins increased in price stronger than BTC, BTC.D decreased.

I think it's easier said than done. It is very easy to invest in an altcoin and expect to make a huge profit, like up to 100x, but there is a probability that the token will pump or not. Sometimes there are some altcoins you can invest in, even if you think that it was in the right season, but it will be very funny how other altcoins might be pumping in price but that particular one you invested in will be depreciating in value.

It's true that some investors have made great profits from some altcoins, but getting to know the particular altcoin that will make you a millionaire is very rare, unless you just want to invest randomly in any altcoin with the hope that any one of them can generate a good profit for you.

960
Cryptocurrency discussions / Re: Should we share our views on crypto market with others?
« on: January 21, 2024, 09:28:12 PM »
Quote from: KryptoBull on January 21, 2024, 08:43:35 PM
I'd be curious to hear your thoughts on this situation:
  • Have you ever shared investment advice or opinions with others?
  • How did those investments turn out for them?
  • Did you receive praise or criticism for your insights?

Well, I have shared my crypto thoughts, knowledge, and ideas with so many people, and some of them have invested and made little profit before they sold off. Some people are also still holding. I cannot say I have not had some friends blame me because they experienced losses in their investments, but I actually learned one thing from them and also on the other forum: it is very important to tell friends about the risks attached to cryptocurrency investments.

Do not only tell them about the advantage and the profit they will make, but also make sure to tell them about the risk and let them be the ones to make a decision to invest or not. I guess your friends will blame you because you missed telling them about the volatile nature of Bitcoin and also asking them if they would invest and hold it for a long time until they made a profit.

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