Topic: getting back into the BTC game - page 4. (Read 1019 times)

The profile axel2078 was engaging in general discussion of the forum from when they started making post in the forum which was on October 09, 2014, 02:56:04 PM to October 27, 2016, 02:33:15 AM then from July 09, 2017, 04:25:31 PM the profile changed hands and started making posts on alternate cryptocurrency discussions till when they made their last post on July 20, 2019, 07:11:55 PM and the account became inactive since July 24, 2019, 08:47:17 PM.

Going by these findings, if the account was really hijacked then it should be around when the profile changed hand in July 09, 2017, 04:25:31 PM so there is some truth in what you are saying but however, had it been you have staked a Bitcoin wallet address and you can be able to sign a message with it to back up your claims then it would have made an easy way for the account recovery process.

However, forum users can still consider signing their Bitcoin address attached to their account to this thread Stake your Bitcoin address here so that in a case of their account being hijacked or hacked they can have enough evidence to back up their claims.

I remain highly optimistic. $80,000, $100,000, $120,000, and even higher prices are still very much in sight. You've actually got a nice entry point these days as Bitcoin has finally succumbed to selling pressure and has fallen quite far from $60,000. The price is even lower than $57,000 right now.

Especially since you mentioned that you intend to hodl, I see no problem in re-entering at this point. Short-term price changes don't mean much in the long term, although entry during dips is indeed a bonus.

The fact that I'm still staying here for quite long years proves that I'm always optimistic with bitcoin. But anyways, welcome back and hopefully this time, you will create a good impact with bitcoin. Just stick to its basic, buy low and sell high and you will never be at loss. But of course, patience is a must, knowing bitcoin investment is always designed for a long term investment. Bitcoin's future is bright, as long as you know how to manage your bitcoin investment and maximize the opportunities whenever they're coming in.

Wait so after banning cryptos in your country, the Government then decided to tax crypto trading fees?
How exactly does this work since they failed to collaborate with an exchange like Binance?
I thought all users from Nigeria were banned from using the platform.

About the price not pumping immediately after halving. This is normal, It has happened before, we will have to wait for some good number of months to either realize another bull run or not.

Well, I never really stopped holding bitcoin.  I mean, I still have a little bit left, but I haven't really bought any in 3-4 years.  I was distracted by other things in life and working three jobs, so it just kind of fell off my radar.  Ironically, I recently received an email newsletter from Trezor announcing the Trezor Safe 5, which I thought was interesting, so I went to their website and noticed they also had the Safe 3, which had the same security features without the touch screen for almost $100 less.  I was intrigued.  I started reading on different websites to see what the current impression of BTC was and it seemed very optimistic about the future, so I decided to take the plunge, buy the Safe 3, and start buying BTC again as I get the chance.

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Good advice, thank you.  I'm definitely trying to get my old account back.  We'll see what happens. *fingers crossed*

Hope OP's account recovery works out, I think there is a new team working behind it and things have become faster than before.

As far as BTC is concerned, I keep holding through thick and thin and try to stack more of it eventually as time passes and drops happen. Bunch of shitcoins have come up and they are often the center of craze among the community but they are often not worth putting time or money into.

My suggestion would be to recover your account and then stack up BTC as it drops.

Welcome back to Bitcoin community but account hacking has nothing to do with Bitcoin and that's why you should be optimistic next time.

We always suggest everyone to stay away from custodial and exchange wallets when someone wants to invest in Bitcoin.

If you want to invest in Bitcoin then first get yourself a personal wallet, most preferable should be a personal cold wallet which is the safest way to hold Bitcoin for long term.

Bitcoin can be huge in future and we as community trust that and our beliefs are quite strong in that regard and that's why I suggest you to hold your Bitcoin for long term to gain good profits from that investment.

First, I'm sorry for the loss due to the hacker taking your account to use here on the forum, or he can also sell it here, which he may have done a long time ago. Now, regarding your question, the situation of Bitcoin in the market is quite complicated because we are still going through a correction at the moment.

But nevertheless, despite that, it's still good news for long-term holders, so if you're also a long-term investor, this is a good opportunity to buy and put it in the trezor wallet you have now.

The price of Bitcoin experienced such an upward movement this year that it beat its last ATH before halving, which is strange. (It is normal for the Bitcoin price to get to ATH after the halving). This was attributed to the investment of some institutions in the ETF. We are experiencing a downward trend, which many analysts see as market consolidation. But there are predictions that the price might skyrocket late this year or early next year. So, you still have an opportunity to buy and hodl. However, dipping your toes is better than jumping into the water. The Bitcoin industry is still risky and unpredictable, so you should invest cautiously.

Your first account was last active on July 24, 2019, and it seems to have no trust issues. You can do what some members have suggested and maybe keep sending emails to the admin to remind them of your account. I hope you recover it, best of luck mate.   

Personally, I am still quite optimistic about Bitcoin and even forever, especially after seeing the history of Bitcoin price increases which continue to occur every four years, which always increases my enthusiasm not to forget Bitcoin. You can still rely on Bitcoin as in the past even though the conditions are slightly different now, but there will be no obstacles that can discourage your good intentions as long as you still have a very strong belief in Bitcoin. BTW it's a pretty good wallet (Trezor Safe 3).

Very good point, after the last halving of 2016 and price ATH in 2017 and the following fall
back of the markets from ~$19k to ~$7500 within a month and down to ~$3500 within the
following year hurt a lot of people who FOMO'd into Bitcoin in the last quarter of 2017.

I would think and hope a lot of people learned from that experience of the volatility of the
markets.


Also as pooya87 points out there is "more" of everything.
Also just to highlight that things have taken a turn over the last year or so in that institutional
FIAT based investors have and are looking to move into Bitcoin _{and Crypto} which obviously
increases demand and adoption.


When you get your Trezor do make sure you stake your address as pooya87 recommends, most of
us have done so already.

Almost everyone? When did the price of BTC explode right after the halving that there would be any logic that anyone should have expected that after the last halving?

I will not be at all surprised that beginners have completely unrealistic expectations, but everyone who has been there for a few years should have understood how the market works. The fact that the price is now going down is actually good, especially for OP and all those who want to invest at low prices.

But I want to know , what was the reason you left the market a few years ago ? And what brings you back to this moment ?
As you said, you have read many different news sources about bitcoin so you probably have most of the current situation of the market so I think there is nothing more to tell you . I think you still see the potential of bitcoin when you read that news and that's why you bought yourself a hardware wallet. Right?   
I can only say that you are back at the right time and there are a lot of opportunities for you and everyone who wants to enter the market, we are not yet officially into the bull season and things are still very cheap to collect .

By the way, I don't know if you plan to invest in bitcoin or altcoins, but I want to tell you that altcoins still have many risks and there are still many scams like in the old days. You should be careful if you intend to invest in altcoins.

My personal view is this

• 1. In terms of acceptance in countries, I don't think so. Just yesterday, I learned that people who use centralized exchange in my country would have to pay Value-Added Tax (“VAT”) at a rate of 7.5%  on transaction fees in each trade for users whose KYC information is registered in Nigeria. Ans these monies will then be remitted to the government. This is what makes me less optimistic about bitcoin's potential in my country.
• Globally, I am riding the fence, since the time of the halving. The price didn't shoot up as almost everyone anticipated and bitcoin has since been struggling to set another all time high price which was naturally my expectation.

Note to self: Learn how to stake an address for my account.

Was losing your account the reason you stopped investing in bitcoin or something else happened that kept you away from this market?

Whatever the case, you are still on time to take advantage of the upcoming growth we are expecting, it is just that you will have way less time than the rest of us that did not took a break, so I hope that you saved all the money you could during your absence and this allows you to take advantage of the cheap price bitcoin has today.

since you've been in this space for a time and went off and then you're back, it's clear you've known by now that things have gone better in terms of  the price of Bitcoin at the time you've left in comparison to what's obtainable now. For the past years we've witnessed a consistent bullish periods with minor bear that has led us to the last $73k ATH we just saw not long ago and with the halving that happened not quite long ago, we're all bullish as we walk into the future and hopes are high and expectations aren't going down at all.

Regulation issues hasn't gone out of the way but the level of adoption globally has increased to a very large extent so if we're to look at a comparison of the effect of regulation to the extent of adoption, then there are more institutions and individuals that have come into the space than negative regulations that have stood against it. Like in my country Nigerian which has initially set out regulatory policies that discouraged people and exchanges from operating in Nigeria has now shifted to a new part and have now shifted into accepting and collaborating with the exchanges while accepting to take a percentage of VAT from users which has increased the level of Bitcoin being bullish for the Bitcoin Nigerian local ecosystem. While anticipating the bull and an upward movement of Bitcoin, it's necessary to start buying at this current price and ensure that you're security is well sorted out and taken care of so you don't get involved with the bad eggs that are looking for account to hack and funds to steal. The sphare has also had a lot of bad eggs that are out to steal your coins so you've got to be careful as you start up your journey in this space again.

Things haven't really changed much, everything is just bigger. A bigger community, more government regulation of centralized services, more fighting against government trying to gain control and so on.

At the end of the day Bitcoin hasn't reached its true potential and it is still growing as the adoption increases. So I still have no doubt about the long term growth. The only thing we'll experience for the time being is the negative effects of worsening global economy and increasing tensions on the price.
So in short term I may not be optimistic but long term is all optimism...

P.S. Don't forget to stake an address here for this account, it makes recovery easier: https://bitcointalksearch.org/topic/stake-your-bitcoin-address-here-996318

Who's riding the fence around here?

People who had been scared to death out of holding Bitcoin have all ran away from here 2-5 years ago.

There isn't really anything that the current news cycles can tell us that will spread fear, unrest, and disruption and cause people to sell their bags. As they ran of of ideas for their script since the pandemic and 2022 crashes.

Yes very much so optimistic. I still think bitcoin has a chance to go beyond 100k. It might seem a bit scary now since the price is so high you’d think that at some point it’s no longer going to go higher but I try my best to avoid that kind of mindset and just keep holding

I’m also curious when did you stop holding bitcoin and for what reason?

Yeah, I'm hoping I can get my original account back, but if not, I understand.  My password at the time wasn't super secure and I don't think that 2FA as an additional security measure was available back then.  What's odd, is I never got an email that said "hey, your password was just changed.  If you didn't want that, let us know" .  I didn't find out until I couldn't log in anymore.