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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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JohnsonLoi
post Jan 10 2021, 11:25 PM

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QUOTE(shahrul09 @ Jan 10 2021, 11:23 PM)
You go and got almost >90% Of your wealth in crypto?
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Yes
JohnsonLoi
post Jan 10 2021, 11:52 PM

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QUOTE(shahrul09 @ Jan 10 2021, 11:39 PM)
My long term stack I have exit tp price in multiple area. I tp some % at 30 and 40
I’m not gonna hold it forever.

Its never enough i told you. Once it reach your first target, you will want more. And more and more.
Thing I learn abit when I trade, both stock and crypto. I would advise you do your plan, and when time come, execute it.

We see here alot people wanted to buy $BTC at 3k-4k-5k few years back.

Until it got there.
Then, suddenly, lower price 1k or 2k became a reasonable target when the time come.

Same when price going up. At least when price going up. I use trail tp. Or if like you if you target 200k. Hopefully when that come you will take your profit and didnt push it further.

Don’t trust your decision making in the moment. Its mixed with irrelevant emotions. Plan ahead.
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I am very confident in BTC since few years ago and have been buying every month even at $3k in late 2018 and early 2019. Even though people have been saying it will drop to 1k, 2k when it was at $3k, but I still keep buying. I am conditioned to buy if there is a dip so I am okay with that.

Yes, when it reaches around $200k range I will sell 10% of my long term stack (more if I want to buy something), but then my money only stay in bank account and I have nothing to spend it on as I live very frugally without any debt. Or maybe convert to stablecoins like USDT/USDC.

The thing is, we cannot time the market and who knows $200k might not be the top but goes higher? If I sell most of them at $200k and it goes a lot higher it will be a bummer. I actually believe we might go way over $200k this year or 2022.



JohnsonLoi
post Jan 10 2021, 11:54 PM

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QUOTE(shahrul09 @ Jan 10 2021, 11:51 PM)
Thats totally high risk. If you comfortable with it is okay. If you have the art of doing nothing and react when the right Time come that is good.

I started like this also, my first investment product is crypto
And what I think few years back is crypto is the only thing that will give me high return, it is a high risk high return play.
Then 2017 pump come, I’m euphoric with my portfolio balance, unrealised profit. Didn’t tp. Hodl gang.
Then the bear cycle come, oh pump, just a dead cat bounce, then crypto winter.
During that time which I think its too late to sell, i just hodl and add when I can.
Then I start learning and read other investments product. Trade stocks, real estate. From the low risk, medium and high risk play. I learn and try abit on all of it. Open up my horizon abit. On how to diversify. And so I can sleep good at night without worry. And when you have commitments like families. That gonna add the burden.
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Ok maybe I am lucky that I am still young and have no family commitment so other than rent and food all my disposable income goes to crypto. I know this is high risk and I do not recommend anyone to do that. Only invest the amount you can afford to lose.

I believe the 2018,19 bear market gives people PTSD and is conditioned to sell at every price increment.

If you believe in the 4 year cycle, BTC is still very cheap right now
JohnsonLoi
post Jan 11 2021, 09:32 AM

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QUOTE(oOoproz @ Jan 11 2021, 01:03 AM)
Good choice, can try listen to youtube or spotify and find those meditation or relaxing music, might give u a peace of mind and think of smth else, probably can try alcohol like wine etc, just chill and keep up with news since you enter at low price, you are not alone, congrats bro, hodler  rclxms.gif
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Thanks for the advice. I will try to listen to meditation music and see if it works
JohnsonLoi
post Jan 11 2021, 09:38 AM

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QUOTE(archangel22 @ Jan 11 2021, 01:34 AM)
theres a way to preserve wealth in Bitcoin after youve gained so much net worth. definitely not by trading alts.

the ecosystem welcomes any contribution. mybe you can consider:
-run a full node
-spend Bitcoin in Lightning
-play arnd with Bitcoin-LN. send/receive "worthless" 100-200sats among friends&families. anywhere in the world, instantly. literally zero-fee.
There are couple of LN wallets in which you dont have to open &manage channels. you can directly receive 100 sats inbound. some wallet can send as low as 1sat lol.

Once you go BTC-LN, theres absolutely no reason whatsoever to use shitcoin for payment.  nod.gif
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Yes. I don't plan to trade alts as I wasn't good at timing the market and used to lose a lot of sats trying to trade alts. Now only stack BTC

I have tried Lightning before with my Bitcoiner's friend and yeah I believe it is the future and that is how we will pay for coffee. Regarding the full node, I will read more about it first

That's why in long terms I believe most altcoins will go to zero compared to BTC. tongue.gif


JohnsonLoi
post Jan 11 2021, 11:47 AM

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QUOTE(shahrul09 @ Jan 11 2021, 11:19 AM)
Hmm, doesn’t really watch youtuber analysis, i learn chart reading mostly from babypips website and books
Who is this benjamin cowen? Got Twitter?

Yes trade history. Relevant Txn.
Any incoming deposit that bigger than 25k (i think this is the new threshold amount) will trigger bank AML thing, they will need to know the nature of that money come from. (I withdraw before they lower this threshold, before this its around 50k)
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Deleted

This post has been edited by JohnsonLoi: Jan 11 2021, 12:37 PM
JohnsonLoi
post Jan 11 2021, 11:50 AM

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QUOTE(Vrese @ Jan 11 2021, 11:47 AM)
Can share TA? Time to fire the bullet?
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This is the biggest drop in % (20%) since the bull run started at $10k. Imo, i think it is a good entry point to go long
JohnsonLoi
post Jan 12 2021, 09:44 AM

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For those who have more ETH than BTC (in terms of fiat value), may I know the reason why?

Do you believe there is more upside potential in terms of price for ETH at this point right now?
Or do you believe in the tech of ETH more?

This post has been edited by JohnsonLoi: Jan 12 2021, 09:44 AM
JohnsonLoi
post Jan 12 2021, 10:24 AM

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QUOTE(shahrul09 @ Jan 12 2021, 10:19 AM)
I have more eth than btc.
I bet on the progression and future dev and usage of ethereum blockchain. Which I cant see much in btc other than scarcity.
Especially on what eth2.0 gonna give.
And i think it can run like btc when they start to implement the burn protocol.

The only reasons i hold btc is for the scarcity and decentralised, nobody can rugpull or take my btc from me. And it wont die for sure.
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But ETH 2.0 isn't coming yet, so we can't tell whether it will succeed or not

I see it this way, BTC has like 99% chance of succeeding but ETH is like 60%, so ETH has more upside potential if it does succeed but also can drop a lot more compared to BTC.
JohnsonLoi
post Jan 12 2021, 01:13 PM

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QUOTE(shahrul09 @ Jan 12 2021, 12:21 PM)
Eth already too big now to fail. I can see some delay etc to happen, but it will eventually progress and get there.
And yes like you said it has more upside. Hence why I invest more on it to get more. And ofcourse it got risk. Same risk as all other crypto.
Its a long term anyway.
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In other words, you believe ETH has higher risk than BTC and is willing to take more risk on it
JohnsonLoi
post Jan 12 2021, 01:14 PM

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QUOTE(wlcling @ Jan 12 2021, 01:02 PM)
Btc for long term holds
Eth like any other alts.. just trying to gain more sats

At this point eth looks good and we havent had a major defi narrative that has fatly bubbled up to retail yet so oh yeah
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Same thought as me. Still think BTC is king and good for long term holds, but ETH for long term? I am not so sure yet..

I still think most people buy ETH just so can convert to more sats

This post has been edited by JohnsonLoi: Jan 12 2021, 01:14 PM
JohnsonLoi
post Jan 12 2021, 02:48 PM

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QUOTE(shahrul09 @ Jan 12 2021, 02:38 PM)
Of course, it just like other alts. Btc still number 1, got first move adv, decentralised, cant be killed by gov etc. Even if still part of crypto and still have high risk, it not like all other crypto asset.
But yeah eth have more risk than btc and hence it can get more return as i see it. High risk high return. Same goes to other alts, for short term you can play and trade other alts to gain more when right time come, and go back to btc. There are alot of method to stack more sat, eth or usd.
And I allocated more % of my portfolio Into eth, Roughly 30% btc, 60% eth and 10% in Other alts. And then into long or short term bag. I would like to diversify because i cant predict future and i like to reduce my exposure and risk to single thing.
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QUOTE(shahrul09 @ Jan 12 2021, 02:44 PM)
Its still a bet thou to go into eth. But based on the risk return, i can see it worth it. If eth manage to do more gain than btc in future, its a win. If it cant, it wont flop and fail to zero, it bound to go up still in usd value whenever btc go up. You just missed to gain more sat. And i doesnt care because i bought eth and all other crypto with fiat anyways so
I always check my PnL against fiat. And compare the % gain
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Yea, now I can see the view from your angle. I think most who invest in ETH think of it this way as well.
JohnsonLoi
post Jan 13 2021, 09:01 AM

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QUOTE(Vrese @ Jan 12 2021, 10:58 PM)
user posted image

You guys remember this?
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Yea I do.

Just change the 2020 to 2021 and he might be right about the price biggrin.gif
JohnsonLoi
post Jan 13 2021, 02:50 PM

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QUOTE(SmallPenguin @ Jan 13 2021, 01:56 PM)
That is not a good news
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Am I the only one who think this is a good news?

Those Tether holders will convert them to BTC & ETH which raise their price. Worst case scenario they convert to some other stablecoins which won't affect the price

JohnsonLoi
post Jan 13 2021, 02:55 PM

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QUOTE(SmallPenguin @ Jan 13 2021, 02:51 PM)
I rather not have this kind of news while we testing EMA20 rolleyes.gif
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People think this Tether news is bad news which might cause the price of all crypto to drop, but if think logically it either won't affect the price of crypto (they use other stable coins) or they sell their Tether back to BTC (crypto goes up)

or worst case they convert back their Tether to fiat, also won't affect the price of crypto

This post has been edited by JohnsonLoi: Jan 13 2021, 02:55 PM
JohnsonLoi
post Jan 25 2021, 10:02 AM

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QUOTE(doraemonkiller @ Jan 25 2021, 08:56 AM)
end of this year 1 ETH = 1 Vios/City?
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I think can buy almost 2 Vios with 1 ETH by end of this year biggrin.gif
JohnsonLoi
post Jan 25 2021, 10:18 AM

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QUOTE(Eithanius @ Jan 25 2021, 10:08 AM)
This one you need ETH to be close to current ATH of BTC...
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Yes. Blow off top around $28k per ETH imo, but many couldnt sell because it will be so quick.
JohnsonLoi
post Jan 29 2021, 12:31 PM

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QUOTE(skyp @ Jan 29 2021, 12:26 PM)
Wonder how high doge can reach..
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$1
JohnsonLoi
post Jan 29 2021, 03:12 PM

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QUOTE(skyp @ Jan 29 2021, 03:00 PM)
Please tell them to continue pumping.. damn volatile.. down to 0.053
sad.gif
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I am too small, cannot affect the market haha

Many people shilling them on reddit, WSB, and satoshistreetbet now.

Even Elon Musk is shilling Dogecoin on Twitter.

https://twitter.com/elonmusk/status/1354924057825837060

This post has been edited by JohnsonLoi: Jan 29 2021, 03:13 PM
JohnsonLoi
post Feb 2 2021, 08:02 AM

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Trying to use Binance P2P to buy USDT for the first time, and I am wondering what is security deposit?

Some sellers have 1 BUSD, some 10 BNB etc...

Does that mean I need to have the coins shown in my wallet before I can execute the trade with the seller?

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