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Messages - BlockCipherX

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1
Bitcoin Forum / Re: Why are people so crazy about buying Bitcoin?
« on: March 31, 2025, 11:52:54 AM »
Bitcoin is one of the best profitable crypto in crypto currency market. If we follow in crypto currency market, we can see that bitcoin price is remain under $82k in this time. But after election of US, we could saw bitcoin price reach $106k up in cryptocurrency market. So if we invest in bitcoin in this time, i think that it will be very prefer for us. Because we know that down market is very prefer for investment. At last we told that bitcoin is one of the best profitable crypto, so every people will be crazy for this reason.

Bitcoin's been a total champ for making money over the years but its price can bounce around like crazy! Stuff like what's hot in the market, new rules, or big world news can really shake things up. Some people think US election might push bitcoin higher but who knows, it's not a sure thing. Buying when the price drops can be a slick move but you gotta dig into it and not go wild with risks. Mixing up what you invest in and keeping your eyes on the long game can help you ride out the ups and downs. just play it smart and don't toss in more cash that you're okay losing.

2
Cryptocurrency discussions / Re: Data centers in Nigeria?
« on: March 28, 2025, 05:47:53 AM »
As far as I know, there are a large number of people interested in Bitcoin and cryptocurrencies in Nigeria, but I'm not sure whether it's legal in that country. However, the low cost of electricity is attractive to miners.

Bitcoin mining requires good infrastructure, such as a stable electricity grid and internet connection, and I'm not sure if this is available in Nigeria. Many countries prohibit Bitcoin mining because it consumes a large amount of energy and may affect the stability of the electricity grid.

Okay so I've been checking out bitcoin mining in Nigeria and it's not against the law but the rules aren't clear. The Central Bank doesn't let banks touch crypto which is annoying but mining itself is still okay. The problem is, power goes out a lot, and the internet's shaky too. I heard some people are using water power to keep things going. That's pretty cool! It makes me think about what other simple fixes might work around here.

3
Bitcoin Forum / Re: What’s the safest option to hold BTC ?
« on: March 27, 2025, 11:52:18 AM »
It is an always being said that you invest what you can afford to lose, and when it comes to exchanges, it is what you are using to trade or maybe buy some coins for holding that will be traded sooner or later that is advisable to leave in exchanges, otherwise, there is/are wallets for storing one's crypto holdings for as long as one wish.

Exchanges are for trading, while wallets are for holding, storing BTC, ETH or other coins in exchanges is regarded as risky and anything can happen to the exchange and your holdings in the exchange as well.

ETH that was hijacked from the Bybit exchange is a huge one for sure, I believe there is an insider on such act, and this should be always looked out on to avoid being a victim if the exchange is not able to foot the loses.

When was the last time you have lost funds that you hold for some moment on exchange wallets? Or had troubles with your account. Imo people are afraid to hold cryptocurrency on exchange, because they are afraid 1) exchange will get robbed - but like with example of ByBit and ETH you have given, users havent lost anything, they still funds on their balances. So is it really such big problem? 2) exchange will get into troubles or disappear - such thing can happen, recent example is FTX, if we look among reputed and large exchanges. But are such scenarios so often to happen?

I am reason from my own experience. I have crypto on exchange, on hardware wallet, MetaMask wallet. I have lost crypto only once, someone stole crypto from my ethereum address.

Truly, these bad news doesn't happen often, but being on a safe side is better, as it is said, Prevention is better than cure. I have some funds in exchange, and this fund if for quick entry to trades or purchasing of coins when prompted to do so or cashout to native fiat, when there arise a need through p2p. I use reputable exchanges to safe keep my trust issues, not using non-reputable exchanges that might not be able to maintain their trust with its users could prompt the act of not leaving your assets on their platform for too long.
It is only proper that an people has control over the money in as much as dealing with digital assets is concerned. I think that the experience speaking about its own company, I sometimes found that having more liquidity can in fact provide greater flexibility in case of an emergency or some good investment opportunity. It is advisable to use a recognised exchange to ensure that your money is secure because trust has to be granted to some unknown exchange. It is good that you are not keeping your assets idle for too long in an unidentified platform since the issue of security prevails in the space.

I totally feel you on trying to figure out how to keep your crypto safe but still easy to trade, I've been down that road myself. A while back, i used to leave all my coins on exchanges since it was so convenient for buying and selling but then I saw what happened with bybit getting hacked and ftx totally crashing. It freaked me out, honestly, because I realized even the big names can get hit with hacks or just go belly up. So now I only keep a little bit on the exchange for quick trades and I've got the rest tucked away in a hardware wallet, it's one of those where i'm the only one with the keys which makes me feel way better. I also set up multi factor authentication to lock it down and I sleep a lot easier knowing my stuff isn't just sitting out there where it could disappear.

4
Cryptocurrency discussions / Re: Our Favorite president did it again
« on: March 27, 2025, 11:36:19 AM »
It is obvious that this is just a form of hype, I also came across this tweet on news and I understood that it's a strategic pattern to draw attention of investors. Practically a way of shilling his own coin by himself.

And if this causes a hike in the price of $TRUMP official coin, it is obvious that smart investors will make alot of profits and run away while others would be left to loss funds when the price dumps on their investments, forcing them to wait for another pump which in most cases may not rise the price of the coin to its previous pumped price.

I just hope to see what happens with the token, if it could reach its ATH this time.

I've been keeping an eye on the market and it's nuts how much buzz can mess with things especially with something like $trump coin since it's got that big name behind it. It feels like a crazy ride with the price jumping up and then tanking and I'm like the only ones cashing in are the lucky ones who somehow time it just right. As someone who prefers long term investment, I always try to dig into the project's fundamentals instead of getting caught up in the buzz. I'm really curious to see if $trump can keep its momentum going or if it'll just follow the typical specualtion pattern I've seen before. It's always a bit of a gamble but I'm keeping my eyes on this one to see how it plays out.

5
Bitcoin Forum / Re: Best time to purchase BTC
« on: March 27, 2025, 10:23:21 AM »
Tracing down the history of BTC from the beginning of its decimal value to this present day of it's price record of over $90,000, this volatile asset (BTC) has proven it's worth and strength as a digital currency and a profit maker for investors.

With the situation of the current bull season of BTC most analyst advice HODLers to HODL more because BTC will surge to a new ATH of over 100k before the end of the year, which is a good speculation and very likely to happen.

On the other hand, it is a common phrase in the crypto world "buy the dip"
With the trend of BTC is there a specific time to buy in respect to long term investment or it is recommended to wait for it's dip?

Or one can purchase this asset at any price for a long term investment since it always rises with time.

Your thoughts.

Okay so I've  been keeping an eye on BTC lately and holy cow, it's unreal how much it's gone up like it's been a crazy journey! But those price ups and downs? They totally get me all worked up and I'm always like "Am I buying at the right time or what?" I've learned it's usually best to grab some when the price drops but if I sit on my hands too long, I end up watching it skyrocket and I'm just like "Ugh, I missed it again!" That's why I started doing this dollar cost averaging thing, I just buy a little every month so I don't have to drive myself nuts trying to time it perfectly. we're in a bull run right now which has me pretty pumped for some gains but I know BTC can be a rollercoaster so I'm trying to keep my cool and not get too swept up cause a dip could hit any day.

6
since they say crypto is the future, its best to adopt where this financial system will go. if using crypto becomes so common that even kids can easily use it then we'll be seeing the future with crypto.  we can give our BTC and tokens one day to the new generations as inheritance, i don't wanna bring anything to me when i die. its all for giveaway to my kin.

i think TON and all other L1 tokens will have its own economy such as ETH. 50 years later they will still here here.

Indeed, all we have earned or will earn, one day it will be someone's or our progeny's, and any of us cannot bring it with us when we die. Other than hand, mate, there are a lot of L1 tokens, but some of them have strong communities and teams. So, mention some of them that you believe will be here as more stronger in the coming future.

Other than that, I believe all these L1 tokens will not survive just like now they are trading in the market so fine. Altcoin also gets more respect from investor sides when the US announces some of them to add to their national strategic reserves.

I've been mulling over what you mentioned and I'm totally on board. Crypto is really stating to catch on and it's pretty thrilling to think it could one day be as normal as pulling out cash. I can just imagine my kids or even grandkids getting digital assets passed down to them just like my folks handed me property or stocks and that idea feels so surreal to me! When I look at some Layer 1 tokens like ETH and TON, I'm impressed by their strong communities and how they're actually being used in real life so I feel like they've got a decent chance to stick around for the long haul. But honestly, the crypto world changes so fast and I know not every project will survive. Only the ones that people actually use and that have solid support will make it. I also think regulation and how widely crypto gets accepted will be a hug factor in deciding which tokens are still around in 50 years. It's fun to think about how this space might look that far out!

7
Bitcoin Forum / Re: Is it best to start DCA now as a new investor ?
« on: March 27, 2025, 09:59:40 AM »
With Bitcoin currently at $86k, it’s safe to say buyers are constantly buying the dip which has resulted in increased momentum in favor of the bulls. I’m excited Bitcoin is picking up again, it stayed below $80k for too long. Even though i knew it was due to market correction, i just kept wondering if it will drop further below $70k in the coming bear market. As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?

I've been diving into bitcoin investing lately and I gotta say, DCA has been a game changer for me since i'm still figuring things out. it's such a relief not to stress about the market's crazy ups and downs, I used to drive myself nuts trying to time it just right. I thought waiting for a big dip in a bear market would be my best bet but i've seen how prices don't always crash like you expect and with bitcoin doing so well lately, I didn't want to miss out. So now, I just put a little money in every month and it feels so much bette knowing i'm building my stash over time. I'm really excited about where bitcoin's headed in the long run and this way, i can keep going without feeling like I'm taking a huge risk all at once.

8
Cryptocurrency discussions / Re: ATM or Online Exchange?
« on: March 26, 2025, 02:22:10 PM »
Are you talking about Automated Teller Machine? Gee, I thought it's still something under development, though only having in mind that El Savador is/will be the only one using it if it has already been in existence. It's cooling hearing this.

Bitcoin ATMs have been around for a decade, there are 30 000 of them in the US alone.

Downside for Bitcoin ATM'S is that fees are quite high and these machines are also isolated in most areas especially in third world countries like mine. Availability of these machines can only be seen in huge cities the reason why this is not accessible to most Bitcoiners.

Sorry, but of all arguments this one doesn't make sense.
If ATM are in big cities, then that's where the majority of the population is, so unless you're going to tell me that most of bitcoiners live in rural areas, which of course is nowhere near true, then this doesn't make sense.

I've noticed bitcoin ATMs pop up mostly in big cities where tons of people want them. It's cool for city folks but it kinda leaves me and others in small towns or out in the country stuck. The worst part? Those crazy high fees, they really add up! I'd love to see more ATMs around and cheaper costs I could actually use them more.

I've been there! i've seen how bitcoin atm are mostly in big cities and those fees can hit hard, right? I'd love for them to show up in smaller towns like where I'm at and maybe not be so pricey to use. I'm hoping that as crypto gets bigger more companies will see the need and start placing ATMs in more spots even in rural areas. For now I've been looking into peer to peer exchanges since they're often cheaper and pretty easy to use which has been a lifesaver for me.

9
Cryptocurrency discussions / Re: Our Favorite president did it again
« on: March 26, 2025, 02:12:57 PM »
Since after the early days of cryptocurrency, manipulations has been the order. Most times it is shitcoins that are being manipulated. I wonder how you feel that such manipulation is now affecting bitcoin (the king of the crypto market). Whales can play their price game on BTC and short term investors and traders may lose money, but on the long run, everyone who is a hodler will win. As long as we progress from here, trust is a blessing to this industry.
Even though Bitcoin remains one of the most promising cryptocurrencies and dominates the market, the presence of a high possibility of manipulating the price seems to be a significant drawback since it could impact Bitcoin price. Such kind of manipulation can be detrimental to the investor confidence and this has negative effects in the long run. Though the longer-term holders may still be able to benefit, some may swell with fear at the disturbance brought forth by this manipulation. Finally, the interpretations around the stability or lack of it as well as transparency in the market will be other elements that will have to be considered if the crypto market is to live without threats from such manipulation models that may actually be more destructive to many participants in the market.

Manipulation in crypto has been around forever but when it's bitcoin getting hit, it just stings more, doesn't it? I've watched those big whales play their price games and it's honestly so annoying especially for people trying to short term who end up freaking out. From what I've seen though if you're holding long term, you usually come out fine which keeps me going. it still bugs me a ton because it makes people I know nervous about jumping in, they just don't trust the market when this stuff happens. I'm trying to stay chill and look at the big picture, hoping that as crypto gets bigger, we'll see more openness and some solid rules to make it fairer for all of us.

10
Such projects cannot survive long in the market with a good price. Because after being hyped for some time when their hype is over, everyone forgets about them and runs after some new hype. But it may look a little different because pi has a long vesting period where miners can unlock their mined coins for several years. And besides, new mining has not been stopped. So since the huge amount a community can still mine it, a large community can remember it for a long time.

Despite all that, it's still struggling. It went to $3, which is the all-time high for it so far, but it's currently trading around $0.90, which is a huge dump from where it was a couple of weeks ago. So, even if the community is strong and people are still mining and referring others, that isn't helping the price go up or stay up. It has been struggling for days and keeps going down over time.

Those who have coins locked or vested will surely sell them as soon as they unlock because people wouldn't wait for it to hit a new all-time high because they have gotten all those coins for free, and no matter what you get, if it's for free, you will surely take it.

Traders seem less interested in trading PI, which is probably the reason why it's in decline because there are more sellers than buyers in the market right now.

I've been mulling this over a ton myself. Hype can really kick things off for a project like Pi but I've noticed it just kinda fades away when there's nothing solid to keep people interested. Honestly, I'm a bit concerned because that long vesting period might drag things out and it seems like everyone's just waiting to cash out the second their coins unlock. There just aren't enough buyers out there to match all that selling and it's making it tough for the price to bounce back. Honestly I feel like unles Pi comes up with a solid use case that gets people excited to hold onto their coins for more than just mining, it's going to keep struggling to stay afloat. I'm really hoping they figure something out soon because i'd love to see this project thrive.

11
Cryptocurrency discussions / Re: news in crypto sector
« on: March 26, 2025, 01:44:35 PM »
Yess crypto is all about speculation, event is important things in crypto,  in bull season event of any coin can pump coin upto 100% 200% in short term, now from past one month i am accumulate COTI because today coti will launch mainnet in few hours, because of this speculation event price jump from last 5 days so events are also very helpfull to take trade .

I've been keeping an eye on how wild crypto events can get with prices especially when we're in a crazy bull run like this. COTI's mainnet launch is a huge deal and I'm not even a bit surprised its prices has been going up like crazy lately it's just got that vibe right now! I love how these moments open up some awesome trading possibilities but I always remind myself to be careful since the excitement can die down fast. i'm really curious to see how COTI does once the launch hype settles a bit so I'll definitely be keeping an eye on it over the next few weeks.

12
Forum related / Re: Hi, introduce yourself
« on: March 26, 2025, 01:31:36 PM »
Hey everyone! BlockCipherX here! Excited to join this forum and connect with fellow crypto enthusiasts. Looking forward to learning, sharing insights and discussing everything crypto. Let's dive in!

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