BITCOIN

adindas

mooneysaver said:

There are plenty of other projects and long shots out there but mine is Safemoon. I will wear it like a badge and see this through to the end

TBH I have not done my DD on the safe moon, so I do not know whether it is a good investment or a bad investment.

But what I fail to understand here is that how come the creators of "Safemoon" has used such a dodgy name: "safemoon"

“Safe” and “Moon” will never go hand in hand in investment.

Something considered to be very safe in investment such as treasury bond, Saving guaranteed by the govenment scheme, Gilts, etc will never reach the moon.

If you want to reach the moon you will never reach the moon by sending your investment via a snail mail. You will need to let your investment to be propelled by the rocket engine to reach the moon. Such case of course is riskier. That is the video clip from Crypto.com featured by Matt Damon “Fortune favours the Brave” that I posted on my previous posting.

Also, it has been mentioned here many times; There is Bitcoin, but there is also sh1tcoin. This CNN video clip explains what it takes to launch your own sh1tcoin.

https://www.youtube.com/watch?v=p4xQMxZfDUc

As at November 2021 there are 10,000+ cryptocurrencies in existence.

adindas

Are we already on the bottom ??

I normally use the technical indicators, such as Candle Stick chart + Volume bar, RSI trending up from oversold territory, the MACD has formed the golden cross. But in this current extreme market volatility like we are experiencing now, they produce the wrong signal. I think it might be good to add Fear and Greed index  in the extreme market volatility. Beside Fear and Greed Index in the stock market from CNN there is also fear and greed index in cryptos

https://www.forbes.com/sites/advisor-intelligence/2021/09/24/is-this-the-ultimate-crypto-fomo-indicator/?sh=1c1af75f2fa8

Scottex99

adindas said:

mooneysaver said:

There are plenty of other projects and long shots out there but mine is Safemoon. I will wear it like a badge and see this through to the end

TBH I have not done my DD on the safe moon, so I do not know whether it is a good investment or a bad investment.

But what I fail to understand here is that how come the creators of "Safemoon" has used such a dodgy name: "safemoon"

“Safe” and “Moon” will never go hand in hand in investment.

Something considered to be very safe in investment such as treasury bond, Saving guaranteed by the govenment scheme, Gilts, etc will never reach the moon.

If you want to reach the moon you will never reach the moon by sending your investment via a snail mail. You will need to let your investment to be propelled by the rocket engine to reach the moon. Such case of course is riskier. That is the video clip from Crypto.com featured by Matt Damon “Fortune favours the Brave” that I posted on my previous posting.

Also, it has been mentioned here many times; There is Bitcoin, but there is also sh1tcoin. This CNN video clip explains what it takes to launch your own sh1tcoin.

https://www.youtube.com/watch?v=p4xQMxZfDUc

As at November 2021 there are 10,000+ cryptocurrencies in existence.

I did a 10x on it early on with a few hundred bucks, just riding the network effect for fun. Surprisingly hasn't gone to zero yet, but it probably will

bugbyte_2

adindas said:

Are we already on the bottom ??

Who knows.

The market thinks the current price is the correct price and that will include whatever future metrics are used to work out what the price should be, including future value - so in theory the current price should stay roughly the same as it is now as that's what the metrics show. However, the same could be said a month ago when it was 40% higher. Hence why most of us struggle to understand or have difficulty in working out what a fair price calculation looks like for crypto -you get wild swings. 

Will BTC go to the moon? I don't think so as I believe that that ship has sailed. It may double, but so may many individual stocks and even indexes which are easier to understand and quantify. The only hope you have is to identify the next sh!coin that gets traction. If you can do that then brilliant for you.

Zola.

I don't think we are at the bottom at all. 

Aegis

Zola. said:

I don't think we are at the bottom at all. 

This is why I keep asking for a way to measure fair value for these tokens.  Without that, there's no way to judge whether the current market price is over- or under-valued.

Zola.

Whilst the protocol is open to anyone who has a phone, most buyers right now seem to fall into two distinct camps, those who believe in the long-term value and hold it throughout the ups and downs, and those who use it as a speculative punt to try to make some quick money. 

The latter are typically much more sensitive to negative news and so will be an enabler to the rollercoaster price swings and will usually sell at a happy profit level or at a loss. 

The former always see 1 Bitcoin = 1 Bitcoin and try to accumulate as much as possible, in case hyperbitcoinization actually happens. 

We only have 12 years to go on, but wouldn't it be amazing to see 12 years in the future to see where things are...

swan6060

Pearce7630 said:

Is investing in Bitcoin really worth it or is it all just a scam ? 

It all boils down to your willingness to take chances. Bitcoin is a highly volatile currency, as you know. and that makes it a lot risky. To begin, ensure that you understand what you're investing in and that you have a crypto investment strategy. It's also better to think of it as a form of gambling, so only invest a tiny portion of your discretionary cash and expect to lose a lot. I would advise to limit any cryptocurrency investments to less than 5% of your overall portfolio, and make sure you have a good traditional retirement investment strategy in place first. it's also a good idea to establish an emergency fund and pay off any high-interest debts.

lozzy1965

Zola. said:

Even the name just sounds utterly ridiculous, Safe Moon. You'd have to be a special kinda moon cat to buy that absolute scam coin.

All of these sh*tcoins are destined to go to zero. 

Bitcoin is the only one that will win the crypto war, as it is the only actually decentralised coin, proof of work ensures the security, the decentralisation and the verifiction. 

Everything else is a centralised sh*tcoin ran off some AWS server, by a dictator who has pre-mined millions of tokens for themselves, and who can change the policy on a whim. 

Hmmm Dodgecoin would have made certain people rich.

lozzy1965

adindas said

TBH I have not done my DD on the safe moon, so I do not know whether it is a good investment or a bad investment.

But what I fail to understand here is that how come the creators of "Safemoon" has used such a dodgy name: "safemoon"

“Safe” and “Moon” will never go hand in hand in investment.

Something considered to be very safe in investment such as treasury bond, Saving guaranteed by the govenment scheme, Gilts, etc will never reach the moon.

Are you saying that you invest in new crypto based on the name of the coin?

How about UniqueFutureCurrency?  MillionaireMakerCoin?