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Messages - Legion

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Bitcoin Forum / Re: Do you think the Bitcoin Reserve would be accepted by the EU?

« on: April 30, 2025, 11:57:26 PM »

Quote from: Asiska02 on April 30, 2025, 11:01:09 PM

This may just be coming to them as something they can’t handle but I feel with time, and the potentials that bitcoin reserve will have and dominate in the world on countries that adopt it, the European Union will look for a way to integrate it into the system and see themselves embracing it and also getting to explore from the benefits of having one.

This may look impromptu to them as they’re yet to find a way to make the financial stability of the EU as a top priority in anything they do or wish to embrace. This is going to be a long time process and probably we see more countries emulating and embracing it as the widespread adoption continues to the effect after Trump stance on Bitcoin was made public.

As much as people who suggest the same believe the EU is lagging since it hasn’t come out to fully support Bitcoin, I do not think this would do well. It is not just like the Youth in their endeavour to emulate what is happening around the world. And yet that is not entirely so, they are not completely shutting down. So, you can notice that many of the financial institutions in Europe are beginning to start small pilot projects to probe the environment cautiously without having to commit themselves fully. Perhaps they are still waiting for the right moment to come in, and not because of fear, but due to anticipation to the readiness signal of the other members. It happens that the calm signal before the storm cools all the sails that not all can observe.

Cryptocurrency Trading / Re: Two Paths to Financial Growth: Trading vs Investing

« on: April 30, 2025, 03:45:38 PM »

Quote from: doc on April 26, 2025, 10:32:52 PM

Trading really requires focus, activity and sufficient knowledge. Where we have to really monitor the market, make analysis and develop the right strategy, as many traders explain in their comments. And this requires good experience to become a professional trader. If we are lazy, we should choose to become a hoder.

Becoming a professional trader I would guess does take time and practise, but that does not mean that somebody can not be in the crypto world. Here is the value add of patience and calmness. Not everyone would wish to follow schemes that offer a couple of bucks which can easily disappear in a couple of minutes. If you prefer to judge an asset by its future beliefs and if you think that you are at ease with such a strategy, there is nothing wrong. This also means that investing is passible, so as any other form of investment, if one knows what they own. The most significant problem is that one can have no idea of the goal, whether it is in trading or in saving.

Cryptocurrency discussions / Re: Do you still believe in an altseason in 2025?

« on: April 30, 2025, 03:09:57 PM »

Quote from: doc on April 26, 2025, 11:47:19 PM

Bulls season is still long, many people panic when they see bitcoin price drop below $80K and they think this is the beginning of altcoin season. even though altcoin season has not arrived.
based on the 4-year cycle habit, it looks like altcoin season will arrive at the end of Q2 or early Q3 this year.
so we should keep holding our potential coins

Of course you can rely on this four year pattern but I believe that you must be very cautious about it as the main criterion. The crypto market under consideration is very volatile and it is capable of switching to a new cycle due to numerous factors. There are now situations which prove that we can get temporary price reductions which are not signs of altseason or the end of an uptrend. It means if one has an excessive reliance on history, he or she may fail to care about new signals, which have got the relevance today. It would be rather tricky to plan based on patterns that I may not notice or would not be repeated and that is why I desire to comprehend the patterns that are easily recognisable these days. The argument of holding is logical, but do not miss a chance of repositioning during changes.

Cryptocurrency discussions / Re: What's your own take if everyone would have held their Bitcoin and not sell

« on: April 30, 2025, 01:35:31 PM »

Quote from: Bobcrypto on April 27, 2025, 09:22:03 PM

Anybody can hold Bitcoin for a long or short term purposes, it depends on individuals plans, and it is not yardstick to compare those that has decided not to sell because people think that it is a mistake or something. At some point, after holding for some time, ok once the market appreciate, it may becomes necessary to take profits and retake a long position when prices goes dip.
As you may know, whether Bitcoin serve as a store of value or no, it is appropriate to take some profit at certain periods. nobody will continuously hold bitcoin without booking some profit in my opinion.

Looking at the specie, it is difficult to determine whether there is a standard way through which an asset such as Bitcoin should be handled. Some of them can hold their stocks because they expect long-term returns on their investments while in some cases they can sell some stocks because there is a reasonable profit potential. As for me there is absolutely nothing wrong with taking profits, if and only if one is not acting out of fear or some temporary excitement. There are times that by taking some, one can be able to achieve the balance concerning the emotions that one develops due to volatility of the market. The issue therefore is not in the act of selling or holding but understanding the rationale of such actions. That is where one is assured of handling any opinions coming from the outside with a lot of calmness.

Bitcoin Forum / Re: What to expect from BTC

« on: April 29, 2025, 06:13:09 PM »

Quote from: snowpega on April 29, 2025, 05:03:26 PM

Well, mate, if that's so, I will be happy to see it, and hopefully, this may happen soon. Well, I was reading a post a day ago where an analyst was expecting that Bitcoin could make a new all-time high in the new quarter. And I was hearing a rumour that China has removed a 125% tariff on the US, and that is real. Then I think this step will make it more bullish. (DYOR)

We may see good pumps in all markets, even if it is the stock or crypto space; the market will be healthy on some days. What do you think? Must share your point of view.

If the rumour has any truth in it that China has withdrawn high tariffs with the U.S thus provoking the counterparts, then it must be true that market players will reciprocate the gesture. As much as I wouldn’t quickly consider it as a confirmation that there will be a big pump. The first movements typically, are quite vigorous, but then, within a few minutes a correction starts. In particular, the volatility increase is not only associated with global economic factors such as the economic outlook of a specific country but internal factors such as the accumulation of whales or a big investor. Therefore, there can be expected growth in this environment, while primarily remembering that volatility is the protagonist of this market. In my option it is the better strategy to observe the events day after day and have a backup plan if the market turns against.

Cryptocurrency Trading / Re: What really matters when trading money or trading strategy and knowledge???

« on: April 29, 2025, 05:58:30 PM »

Quote from: Vx1 on April 27, 2025, 03:20:58 PM

Everything is important, interconnected with each other. In trading we cannot make money if we do not have a trading strategy and knowledge. So in my opinion we cannot choose one of them, we must master all if we want to become a successful professional trader.

Yes, there is no aspect of trading that becomes professional if one has no faced some form of experience in it. But I would like to note that one does not need to know all of them and achieve mastery instantly. This is true since at one time you are likely to be pulled in many ways and you have no clue which option to take. However, I trust the process that is more tempered and systematic. This way, you may begin from something that you know well, say risk management, and then gradually introduce technicalities or the market aspect into it. Sometimes if you want to be very aggressive and try to grasp as much as you can within very short time then you are likely to make a wrong move due to overconfidence. And as for me, I do not think about the fact that it is good when you know everything but you need what now and then develop further.

Cryptocurrency discussions / Re: bear run, what to expect?

« on: April 29, 2025, 05:16:45 PM »

Quote from: Aanuoluwatofunmi on April 29, 2025, 03:57:03 PM

We may have the bearish pattern but not anytime soon, with the way things are appearing with the market and its pattern the bull season seems to continue and from here we may have the all time high any time, if we really want to invest and buy at the dip, then we must be able to hold and maintain it till the market becomes favourable to sell, i guess most of the long time investors are seeking for such an opportunity to invest and hold at the bear market.

Yes, many investors think to buy at low price levels, but what seem to be overlooked is that a low price is not always an indication to buy. It is for this reason the same dips can signify the start of weaker period in the market. Therefore, you have to learn how to differentiate between a short-term change reflecting simple corrections and a long-term alteration in trends. However, the experience of consecutive price increase does not necessarily predict that the process will be void of obstacles. If you buy you may have the tendency to stay invested for very long within that particular position. It is wise to know in what direction the money is being channelled and why it is advisable to invest now than to wait and hope that the market will improve within the near future. Despite this, there is always hope which although commendable, must be warranted.

Cryptocurrency discussions / Re: Can governments crack down on crypto?

« on: April 29, 2025, 04:43:30 PM »

Quote from: yohananaomi on April 29, 2025, 05:35:17 AM

If the government is already, as you said, experiencing budget overruns, it is certain that it will look for sources of revenue to cover all of that so that the government can run well.
So accepting crypto because of a situation like that is certainly not good for the government because it will be dependent even though it is legitimate to apply taxes to be able to be done for all those who do crypto activities.
But it must also be remembered that crypto transactions can be carried out without involving the government, and it is not impossible that crypto users will do it if there is pressure and high costs and this is a dilemma for an authoritarian government.

Well you are right to say something like this can easily occur and remain under the radar of governments, and this just goes to show that a aggressive approach will in fact have the opposite effect. Citizens always look for a way out when they are cajoled, pressured, bullied interest them, scared into participating, or have their interests threatened. A government only seeks to put its citizens in a fix and then claim that they are helping them when the best thing it can do to assist its citizens is to create trust and that is if it is able to do that. In this case taxes should be applied based on the degree of benefit in the general public domain. If it remains like that, then it will be continued to be used behind the close doors and the government will end up with nothing. I believe there is a time when the governments do not view the innovation as the problem, but instead they see it as the solution or at least as part of the solution.

Cryptocurrency discussions / Re: How easy it's to use cryptocurrency in your country ?

« on: April 28, 2025, 11:59:28 PM »

Quote from: Roseline492 on April 28, 2025, 10:14:10 PM

Quote from: Amug123 on April 27, 2025, 11:54:39 AM
Different countries in the world have distinct law, governing digital asset, despite bans or restrictions, transactions still occurs. How do these transactions occur despite regulatory challenges.

One thing is setting a rules and another thing is implementing and enforcing it, so the reason why you will see some countries bans a digital asset and people still do it from their is because they don't have the resources to completely restrict everyone, there are countries in the world that since they banned any digital assets nobody from there has navigated to go against it, though crypto space is one of the place that is very difficult to ban everyone in the country because there might be so many other route, for example exchanges and non custodian wallet for saving coins but it actually depends on a country.

We can also note that coming up with a ban is just one half of the enormous task that governments have in handling the online environment. Therefore, resources, level of oversight, and technical readiness become the reasons that while in some countries it is banned in name only. However, there are developed countries today that have managed to keep the use of digital assets controlled to the extent that the crypto community’s manoeuvring space is nearly nonexistent. Thus, the non-custodial wallets or giving the global exchanges the primary role once more show that the people who are engaged in digital assets will always find a way to have interaction with them as the full control is so far nearly unattainable.

Cryptocurrency discussions / Re: Lost Hope in Cryptocurrency in 2025

« on: April 28, 2025, 11:36:58 PM »

Quote from: densuj on April 28, 2025, 01:16:24 PM

I agree with you Sir about we must be very careful when investing in crypto, and we are as member of forum know more about the risk of Investment into crypto.
But unfortunately there are many people out there does not know anything about risk management when making Investment in crypto, they don't know about how to analysis fundamental about crypto. Many stock investor out there blame us that crypto does not have fundamental aspec 😄. They forget about their fiat money does not have fundamental aspec too.

We have seen several volatility phases which make investing into cryptocurrencies quite unpredictable and therefore, those who invest must be willing to manage and embrace a lot of risks. Surprisingly, many of these people still believe that crypto does not have any foundation at all, what they forget is that the paper currency in their wallets also have no intrinsic value other than the confidence. This is due to lack of adequate insight by some of the people involved in the process. For us, this difference in understanding is more encouragement for creating even more extensive coverage of analyses of the constantly expanding environment of digital assets.

Cryptocurrency discussions / Re: Are we still expecting bull market this year??

« on: April 28, 2025, 03:04:24 PM »

Quote from: gunhell16 on April 22, 2025, 06:43:45 AM

Quote from: SamReomo on April 20, 2025, 12:56:36 AM
Quote from: Gengentrader on April 09, 2025, 11:42:56 AM
Do you still believe that? If not then why?.
Yes, I still believe that bull run will take place this year during the last quarter and by then it'll be dream for people to buy Bitcoin at $80k. We've seen the bull run but we haven't seen the intense bull run and that's going to happen in last quarter. History will surely repeat itself.

Almost all of us here are still expecting this, because most of us still haven't achieved the desired or expected profit from the holdings they have in their wallets
where their Dca activities are.

We still have 3 quarters to face before we really go back to the bear market season again, because I am really looking forward to getting
a profit from my holdings right now.

We can easily consider all the things that we’ve created thus far in our portfolios to be extremely promising. Despite the outcome we were not able to achieve, my continuous plans of their activities depict how much there is a bond between us. As for the next three following periods, it definitely would be helpful not to carry unnecessarily the load of anxiety along this path. The confidence that we have today although we are still struggling with the market that is not very conducive can speak a lot about our hard work and struggle is never in vain.

Cryptocurrency Trading / Re: How do you choose a trading mentor?

« on: April 26, 2025, 11:34:16 PM »

Quote from: Roseline492 on April 26, 2025, 09:22:40 PM

I understand your perspective but that might not be right because a mentor cannot go out to look for people they would mentor but instead they wait for people to come to them because for them to choose means that they would go in search of people and the question is that how would they no the people that want trading, so that being said there are criteria somebody needs from a mentor because the name doesn't justify there ability or there experiences but what is on their brain is what the person want so thorough examination should be done on such person before making it your mentor.

We also realise that not all people or things around us that we interact with on the exterior are worthy to be a learning institution. Thus, the idea of selecting a mentor is different that is not chosen based on the majority voices or famous personality. One should not encourage students to approach a mentor, but the few who really require the mentor’s help should be the ones to come over. This reveals exhibit the extent that the learner is serious and willing to accept any form of assistance. In other words, it is necessary to provide fundamental common sense and careful approach in an intent to get to know the person more profoundly before we can entrust his or her with the learning process. This is because the person to choose a mentor whose input will greatly affect or approach to the field in which we are involved in.

Cryptocurrency discussions / Re: What age is ideal to let my kids into crypto

« on: April 26, 2025, 11:20:11 PM »

Quote from: yohananaomi on April 24, 2025, 02:01:35 AM

Social media are indeed very much felt today, and you are right that children in this era will be more familiar with what is on social media, TikTok, YouTube and not a few who actually like games, and indeed we cannot prevent that because when they still like to play and don't need something and still hope for their parents.
There is a development that is getting better when the telegram mini-game is getting busy and many have glanced at it, but there are still few who want to learn crypto and only play with it, but one day there will be many who will start to get to know if the telegram mini-game develops well.

We can no longer turn a blind eye to the idea that has grown from the technological front when it comes to the behaviours of young people. They were raised with different entertainment means in the palms of their hands. Such games as those that are gradually appearing in the telegrams are another facet of the digital world, which should not be passive to. While many individuals prefer to play rather than to gain more understanding it is quite normal as people start to familiarise something new. Therefore, the light feeling that is felt at the beginning of it can help gradually create interest in the larger world. It is not easy and everything requires a small beginning that will later lead to greater consequences in the future.

Cryptocurrency Trading / Re: Hold and trade which is best for you?

« on: April 26, 2025, 11:08:07 PM »

Quote from: Vx1 on April 25, 2025, 11:52:41 PM

Sometimes we trade it is also influenced by our situation and condition, so in trading we can be relaxed and also can be in a hurry. Relaxed I mean our financial condition is sufficient, then in trading Crypto we can also be calmer. The coins we hold can be held longer to get bigger profits, and vice versa if our financial condition is not good. So when we have a little profit, we want to rush to sell and withdraw profits.
So actually there are many factors that influence our calmness in trading, so we can make a decision to hold coins or sell coins that we have previously bought.

In my view, in trading it is not just markets that talk but only how ready or strong you are internally when making decisions. When all aspects of a person’s life are well catered for, there is more time in investment for assets. On the other hand, when the economic forces hold, then there is no harm for one to act swiftly in order to lock what has been gained. I strongly believe that there are no right or wrong ways when it comes to trading, what we have is how suitable for what you need at a given time. Self-respect is one form of courage which many a times is not easily considered.

Cryptocurrency Trading / Re: How much confidence do you have in yourself when trading?

« on: April 26, 2025, 10:55:27 PM »

Quote from: milewilda on April 25, 2025, 08:57:14 PM

Well, this one will be helping you out on pushing yourself into dealing up with this volatile space on which trying out to be perfect will be that pursue you to trade up even more because you are trying out to achieve something. Yes, it does have that also the chance that boosting up your confidence on which later on you will be able to realize that perfect trades cant be possible but on the moment that you've seen greens then this what matter the most. So it will be that up to you whetehr you will be continuing up with that kind of mentality or would be just that totally stop just because you've seen yourself having that kind of positive effects basing up into those impressions that you do have currently.

I need you to know that what you are currently going through is perfect preparation for creating a stronger perception. And if push comes to shove, trying to attain highly effective results, you will just be spinning in circles because of the fatigue. But, the moment one can enjoy each achievement without keeping a comparison to such demands, he or she is likely to experience the real sense of achievement. The converge view as the way forward will enable one to remain anchored and steady in the face of rapidly occurring changes because the vision to see the value that has been created is more important.