follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - Dr.Bitcoin_Strange

Pages: 1 ... 64 65 [66] 67 68 ... 79
976
Is market capacity a good measure for ranking cryptocurrencies and why?
If it is not a good measure, what is the best measure?

My personal opinion is that it is a measure that is easy to manipulate and therefore cannot be trusted.

I am actually of the same opinion with you OP. In 2019 when I fully got into the crypto space, there were some altcoins that was ranked in the 100 top cryptocurrency but before the end of that year, some of those coins got replaced  by other new coins which became top 100 rank in Market capacity. From my experience right from after I started investment in cryptocurrency, as the year pass by, the market capacity of some altcoins drops and other new coins take their position in ranking.  So, It's not really good metric to use because it can be very deceiving base on the fact that the the price and trading volume can be manipulated.

977
Bitcoin Forum / Re: Fee Finally Down below 40 Sat/vb
« on: January 27, 2024, 11:17:13 PM »

The more down the price of the transaction fee, the better it is for us to be able to send Bitcoin cheaply but maybe for these miners it will be quite detrimental because the fees are lower,

The high fee situation is usually a problem for those who accept Bitcoin payments and carry out transactions every day. It also becomes a problem for people who only accumulate Bitcoin in small fractions, like $5, because they will spend a high fee just to send their coin to a self-custodial wallet. I am extremely happy that the fee is back to normal again because these past few days, I have not been spending more than $2 for the fee. Even today, when I received a $188 payment in Bitcoin, the fee was just $1.7, but I increased it to $2.5, and it was confirmed quickly.

978
Bitcoin Forum / Re: How would you feel if bitcoin returned to $5k?
« on: January 27, 2024, 10:57:40 PM »
My felling is
Buy
Buy
Buy
Buy
Buy
Hold hold hold
How about yours????

My feelings are that Bitcoin will never go down to $5k again, despite the bear market and FUDs. It has been more than 5 years now since Bitcoin was $5k, and definitely it's not going to pull back to that price, so it's better if you start buying now and hold while you still wait for your speculated price.

Unless any terrible thing happened in the world or to the world's economy and perhaps such a pandemic lasted for more than 2 years, that's what can cause Bitcoin to go down that low; otherwise, it is very unlikely to happen.

979
Although I was not really too experienced about crypto back then, due to the need to make more income, my friend introduced me to doing so many airdrops for some new project that just started in that year. I just realized that so many of those projects are dead, and definitely from our airdrop promotion, so many investors invested in some of those dead projects, and they probably have run a loss. I experienced losses with a few ICOs, but I stopped and only invested after the coin had been listed on the exchange.

980
I believe that if X integrate cryptocurrency payments, it could have a significant impact on the cryptocurrency market. It would be the first major app to do so, and it could lead to a surge in adoption of cryptocurrencies.

Besides DOGE, some people predict that some X-- token could be chosen like XRP, XLM, XDC, XYO but I think of XBT, another Bitcoin tiker[2].

So DOGE and XBT are the 2 crypto that I think of first in case Elon Musk wants to integrate crypto. Recently Elon Musk doesn't want to talk about crypto too much[3], so I'm quite worried.

Do you think X will integrate crypto? Which token will be the first choice for X?

Well, even if Musk integrates some crypto into the X app, it will likely only create some FUZZ or lead to a price surge for a short period of time. With what Musk said about making X one of the best payment gateways to even be better than PayPal, it doesn't seem that he will only integrate one coin into X; it's definitely going to be inclusive of different cryptos so that everyone can really find it favorable to send their favorite crypto. IMO, Elon Musk will definitely add Bitcoin before other altcoins.

981

It would be great if you could share your insights:
  • Is the nature of crypto (stock or commodity) really important to you?
  • You want crypto to be regulated by the SEC or the CFTC?
  • Why do you want that result?
  • How will the opposite result (if any) affect your investment in the crypto market?

Already, most of the altcoins on the market are centralized, so the SEC can actually regulate them if they want. They can force the project owners to have an alliance with them, and the risk of such an agreement is that project owners can actually free their coins from the wallets of any investors, and they could also list them on an exchange that requires investors to pass KYC before they can be allowed to trade their coins. In the process of passing KYC, they will have their privacy information exposed to the SEC or any other government authority for investigation. I am totally in disagreement with such an idea.

These are also some reasons why I have a fear of investing in altcoins and holding them for a long time. What if unforseen circumstances arose? If it happens like that, it could be disadvantaged to investors because they may likely have their identity known.

982
OP, I think I read you correctly and I perfectly understand your point. What I want you to know is that the social medias are centralized platforms which operates on different rules, terms and policies. Those customer (individuals) who create accounts on those social media are only there to there to be regulated by the terms and policy of that company, if you don't agree with those terms, then don't create account. If you create account and violate any of their terms, you may put your account at risk. Centralized platforms usually have authorities that are in charge, so I don't see any confusion here mahn.

The account you have on social media is yours and can be yours for lifetime as long as you don't violate any other the platform's rules. I have been using my Facebook account for more than 8 years now and it's just there.

983
I quite agree with what you are saying, sir, @DrBeer, but I also believe that the country's economy is still better than some other countries. Some countries have a huge amount of unpaid debt, which was the loan collected from other countries.

For stock investors, if they actually believe that the stock market will greatly bleed and cause them loss, then I just think they have to devise their investment to Bitcoin, and then the government of China should do what they feel is right (what will work) to make sure they strengthen up their economy. IMO, that's what I can say.

984
You are actually right with all you have said, and if your topic is comprehensively elaborated, there are still more tips that need to be prevented or done with caution for the person to actually grow their financial status.

One aspect that I want to emphasize is that some people usually spend more than they earn, while others always have the habit of spending the money they have yet to earn. The two points are really a problem for some people, which is why they don't see financial growth.

For example, imagine someone who earns a $500 salary every month, and before the end of every month, the person is already in debt of $600. After receiving his salary, he will just end up using the money to clear debts, and will still be left with $100 of unsettled debt, which will be carried over to the next month. Before that month ends, they are already on an extra loan of $400 plus the old loan of $100. It's quite funny, but that's how some people live. They spend the money that they have not yet earned, and that's a very bad habit that doesn't contribute to financial growth.

985

Greediness is always a problem for some traders so I guess learning how to be emotionless when trading would be helpful. Stick to your strategy. If your plan is to sell when you're up 10% then at all cases, do it, and don't wait for any longer. After all, profit is profit. :)

Yes, I actually love what you said here @LogitechMouse, it will be better for a trader to be decisive about the percentage level which they want to stop the trade and take profit, because if they don't decide it and agree, they may have some mixed feelings whether to call off the trade or hold on a bit when the market begins to go in their direction.

Greed could be a problem to a trader bit it is not impossible to control, as long as the trader is willing to develop their self strategy and stand by it, they can control their emotions.

986
Cryptocurrency Trading / Re: The impact of stablecoins on the market
« on: January 25, 2024, 10:39:42 PM »
In fact, the use of native assets like Bitcoin and Ether seems to be decreasing, while the use of stablecoins continues to grow.

Overall, this trend shows that the cryptocurrency and blockchain ecosystem is very active and evolving. It also serves as a reminder that as technology and user needs change, we need to be flexible and adapt to new trends and constantly evaluate the role and place of cryptocurrencies in the future.

Are you very sure about this information? There is no data to back up this claim, so I assume it to be false. Despite the volatile nature of Bitcoin, there are still many adoptions compared to some stable coins out there. Some investors who are short-term traders of Bitcoin only use it as a hedge to liquidity and volatility. Apart from that, there are so many Bitcoin investors, more than you can see for some stable coin, and perhaps a lot of those centralized projects that really pose a risk of contract-free, and that's what most people tend to avoid.

987
Before Bitcoin is sent to the wrong address, it's either the sender mistakenly copied the wrong address or sent the coin to the old address of the receiver, which they no longer have access to, but definitely the bitcoin will be delivered to that address.

If the sender deletes one letter from the wallet address, which is a combination of 42 scattered letters, then there will be an error message stating that the wallet is not correct. But if they delete one or more letters and replace them with another letter, I think that the bitcoin may still be delivered to that address. The way to confirm if the bitcoin was delivered to such addresses is to scan the address on Blockchair.

988
Bitcoin Forum / Re: Top 3 Bitcoin security and safety tips
« on: January 25, 2024, 09:56:10 PM »
Paper can easily be damaged as it is too fragile, and in case of unforeseen circumstances it is not reliable and will get damaged easily. Strong materials like steel, metal or iron are should be considered more and can offer more protection against damage. Also duplicate backups are necessary incase one forgets about where s/he stores them or maybe something happens.

Yeah, while paper is not really very safe, I think there are other means to support it that can make it more safe. There was a sophisticated plastic container I saw one day that has a very thick rubber skin that water cannot penetrate, and it also cannot corrode or rust because it's made of rubber.

If perhaps you write down your secret phrase and place it in such a container and bury it somewhere in your house, it can stay for years without anything happening to it.

Storing secret phrases on papers will easily be duplicated depending on how you secure the paper, like what you said, there is always a need to have the phrase duplicated on a different paper.

989
Bitcoin Forum / Re: Holding Bitcoin for long-term is risky?
« on: January 25, 2024, 09:44:39 PM »
We can't deny that investing in Bitcoin is also risky but it is less risky than investing in altcoins. People who understand the 4 years cycle and Bitcoin halving must know when they should buy Bitcoin and when they sell Bitcoin. It is not too difficult to determine the exit target in Bitcoin investment. It is so different when you invest in shit coins, there is no clear future of this coins. They even can be delisted from the exchanges. That's why they are very risky. Anyway, why you invest in stable currencies for a long time?

The risk attached to a Bitcoin investment is that if the investor doesn't have proper knowledge about Bitcoin, they can buy it at a high price, and when they see that the price is falling, they will rush and sell at a loss. Another risk is a security bridge that can lead to a loss of funds, and this problem is usually known to be the investor's fault. If investors keep their coins on a centralized exchange and the exchange gets hacked, then it's their fault; if perhaps any Bitcoiner mistakenly releases their private key or secret phrase to the wrong hand, they can get compromised.

Those are the risks of bitcoin investment. Whoever has quality knowledge about Bitcoin investment will buy during the bear market and hold their coin patiently in cold storage until it's bull market, where they can sell and make a profit.

Just like you already said, investing in altcoins is so risky.

990
Bitcoin Forum / Re: Don't buy bitcoin only because of FOMO
« on: January 24, 2024, 11:23:28 PM »
If this is true, this is the power of holding. Maybe there are quite a few of us who are still secretly saving the Bitcoins they bought when the price rate was still low. or even there are still some parties who still hold their Bitcoin since Bitcoin is still considered nothing. and maybe we can't imagine how much profit they can get compared to the bullish era of 2021 or the bullish era in the future.

And now it really depends on us personally whether we have started to hold on or are just delaying time. because what we get in the future also depends on what we decide today.

I cannot tell about the old holders on this forum, but I know of a few old Bitcoin holders on the Bitcointalk forum who bought Bitcoin back in 2012 and 2013, and they said they are still holding up to date. I think that to be able to hold one's Bitcoin investment for a long time, the investor must also have other sustainable sources of income that generate steady income for them. I believe that the old Bitcoin holder that I know has some other investments, and that's why they are not in a rush to yet sell their Bitcoin. There are also other Bitcoiners who had the opportunity to buy Bitcoin when the price was still $1, but ended up selling when the price got above $10, probably because they actually needed the money or they had a short vision about Bitcoin.

Pages: 1 ... 64 65 [66] 67 68 ... 79
ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod