It's not called paving way for Indian exchanges but rather stopping users from trading because no one would like to pay those exorbitant tax amount for every trade when they can barely make profit by paying such hefty charges. These unnecessary restrictions will only lead people to use tools like VPN to bypass the block placed by Indian government if it ever happens. We shouldn't stay back with this technology and earning opportunity afterall it's bringing more money to the country which will be spent mostly within country this contributing towards tax. If there are too many restrictions then big traders will shift their base like it happened in China. |
|
|
|
This guy thinks we the normal buyers control the market. That's not how it works mate. Your volume is nothing as compared to those who manipulate it. Even if the whole Bitcointalk forum is just buying, price can go down or stay same. There's no panic in the market, it's just the smart money trying to create a selling pressure by dumping like 1% of their coins in the market after doing a 2.5x on their coins.
Got your point and aligned with it as whales and manipulators have much much more than what this entire forum hodl and they can manipulate the market by shilling a small percentage of their holdings. I am only concerned about what follows when they create a selling pressure? Rest of us follows it without any second thought or do we still hodl on? I don't care about the whales or market makers or manipulators but my concern is limited to users who end up panic selling or buying in FOMO. Highly appreciate your valid response. |
|
|
|
|
This was expected out of centralized exchanges and early adopters pf crypto who adopted crypto for decentralization has been screaming out at people not to go with centralized exchanges or any exchange which requires you to do KYC but unfortunately the not so good user interface and liquidity forced people to use centralized exchanges and now regulators can mold Centralized exchanges to do whatever they want and their aim is to erase decentralisation and privacy that's what has been done now. But we don't have much of an option here as it would be really difficult to adopt to decentralised exchanges after getting used to the user friendly and high liquidity CEXs.
|
|
|
|
I have often seen that trading volume has been reduced by more than 90% in Indian exchanges after the draconian tax implemented for trading and users have switched to international crypto exchanges but how does Indian exchange still make money or survive? Are they still managing with the profits they earned all these year? Some have shit down operations and some has laid off their employees but will there be any changes to the regulations? Even exchange owners are afraid of speak out against the current regime fearing repercussions but if things don't change them once booming Indian Crypto exchange industry will die a slow death. What are your thoughts on this? Just an articles posted fortnight ago in this regards - https://www.firstpost.com/tech/indian-crypto-exchange-wazirxs-trading-volume-falls-by-90-per-cent-as-regulatory-delays-continue-13529432.html |
|
|
|
|
Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
|
|
|
|
|
It's been a long time since I have stop heeding to the speculation shared by so called experts or market leaders and influencers because they have no idea about crypto or Bitcoin and just speculate wildly based on market trend and if coincidentally becomes true then they boast about it. We should stop focussing on these influencers and start our own research.
Leaving Jim Cramer aside i would say we should cashin during such temporary dumps and make most of it.But, I kne it's not easy to take entry when we such dump especially with Bitcoin.
|
|
|
|
|
I have convinced myself and learnt that DCA is much better option than occasional investments and mutual funds. If one wants to invest into Bitcoin it should be DCA. Also, I have learnt that crypto market can rally anytime hence it would be better to hodl some potential altcoins as well which have higher profit yielding tendency and stay away from shit coins, never go with expert opinions we get through social media or premium channels.
|
|
|
|
|
Maker already had it's peak during 2021 and the way it surged I have less hope on it as of now but I have my bets on ICP as it still has a lot of scope to gown and yet to get the desired pump and I personally found this project has everything which I look into Altcoins.
Investing in any promising Altcoin with good potential will never go in vain, and we should be focusing more on such projects instead of meme or NFT tokens which holds no value on longer run.
|
|
|
|
SEC approval of bitcoin etf might be a trigger for bitcoin to jump further in 2024, seeing that quite a lot of people are optimistic about it and pinning their hopes on it. maybe if the bitcoin etf is accepted by the SEC, it will be followed by many countries and make the price of bitcoin increase significantly, which is what many bitcoin holders want.
i personally don't really have high hopes for the bitcoin etf approval, because you know that having too much hope in something is not good, but i hope that the bitcoin etf approval can get positive results because it could be a good start for bitcoin this year and in the future.
Just to add on to your points, there is possibility of price increase if ETF is approved which is the market sentiment but people still seems to not learnt from the past mistake as just few speculations making rounds in social media about possible ETF rejection and we have already seen some dump in Bitcoin price I know it's temporary but still it's not a good sign that people are still paying heeds to fuds which shouldn't be the case. Even I want ETF to get approved but regardless it should have any long lasting affect either ways. |
|
|
|
Just to clarify that I am a supporter of decentralization and crypto but how would you sustain without fiat if you put everything in crypto? At this moment and even in near future Crypto will not be accepted as an alternative for fiat in most of the countries. Also USDT (Tether) has recently bowed down before DOJ, FBI and security services to freezing 326 wallets. It's not safe and it would be better if people understand it sooner. https://news.bitcoin.com/tether-confirms-extensive-collaboration-with-doj-fbi-and-secret-service/ |
|
|
|
|
China can never be crypto friendly and has left no stone unturned to stop people from indulging into anything to do with crypto, it will eventually fail like it has failed in the past and now I feel it's nothing new to an communist regime that it wants it's population to stay poor and behave like sheep. It would be loss to China already billionaires and millionaires are leaving Chine for other free nations where they don't have restrictions on anything and everything, this will only add up to the list of miseries it will go through.
|
|
|
|
|
This is because of fuds which is spread online that the spot ETF will be rejected and I am sure this is just temporary when it comes to Bitcoin. I am just wondering why do people fall for such fuds again and again. I see more damage being done just because of the rumor that the spot ETF will be rejected. We need to accept the fact that it can either be rejected or approve but that doesn't define the end of Bitcoin or something like that and it's just an event which will have positive impact on Bitcoin if it's approved that's all.
|
|
|
|
|
Yes, we still have time to plan our strategies but I don't think halving or the years where halving don't place will have major impact in the trading strategy because a trader will be doing his job everyday unlike investors who tend to find the sweet spot when the market is down and going to pump up to invest. I think it's time we backtest the data with multiple technical indicators and shortlist few or have a combination of most accurate indicators to use it in 2024.
|
|
|
|
|
These are basic check which has to be done for all the projects but from my experience most of the Altcoins project will promise stuffs which would look too good to be true or which will tempt you to invest only by looking at the return on investment as scam projects focus more on monetary bait rather than sharing details about their projects and what they have to offer. Also we need to reach out to validate their dev team members to see if it's genuine or not and some just morph the pictures hence it would be better tying to connect with them or their previous organisation or associations to know if they really exists. But sometimes it's difficult to identify scam projects as few of them looks legit but they aren't really legit.
|
|
|
|
|
There are hundreds of reasons but I see more people failing because of procrastination and also believing that they can get rich quick by being lucky. People should avoid being lazy and demotivated.
If you look at all the founders and CXOs in any organisation they would always be the highly motivated hard workers with smart thinking who are very confident on their plans and have a clear plan how they are gonna operate. We fail due to the reason I have mentioned above along with poor financial planning with out much research.
|
|
|
|
|
It's bit scary when Bitcoin goes through such fluctuations which is absolutely normal for altcoins but I would say this was expected as there might be some dump or fluctuations and we may several such fluctuations.
As far as people with influence are spreading fuds about ETF rejection I am least bothered because they will fail and at the end of the day rejection of spot ETF doesn't define the price of Bitcoin forever hence let's not panic and if we are fearsome of ending up losing it all then have stop loses applied beyond certain limit.
|
|
|
|
|
No idea about the person you are referring here, but you may try keeping yourself occupied with something you are interested into, first figure out what interests you and try focusing on that more often and then try to make it as one of the income stream as well because this would be the best thing to do, earn and do the thing which interests you will make you more productive and it wouldn't be like you are doing it for the sake of doing it but rather it would be like following your passion.
A friend of mine has similar issue but he was a foodie and interested in eating different kind of food and now he has become an Food Vlogger and earns roughly 4x more than me because he put more efforts as it's not a job for him but passion.
|
|
|
|
The way you treat or approach the market would determine the results you would get, Trading has a set of rules to follow and as well as a strategy to navigate the market, and once you fail to follow those set of rules you are simply gambling in the market.
The trader got somthings wrong, The trader thought he had known it all by only learning how to trade on YouTube, trading is more difficult to understand than what you see they teach on YouTube, it requires some experience, and you also need an experience mentor who will be your guide, secondly it is very wrong to go borrow money in the name of trading, especially when you are a newbie in future trading, you won't even have peace of mind to make wise decisions in the market.
Most of the traders don't take time to learn. They enter the market with the mindset of becoming rich overnight, and would lose everything because of greed and not managing of risk.
True, I have made similar mistakes when I started trading, trading and knowledge about crypto are two different things as just knowledge and how crypto market trends doesn't make you a good trader and traders lose money because of this get rich quick fancy adverts cum traps which they see in YouTube ads and telegram channels. As you mentioned trading can be emotional drain and newbie should stay away from future trading at any cost as the winning trades are lot lesser than the losing trades. |
|
|
|
How did you say its the next pepe? Pepe is a popular meme on eth chain while brett is on sol so it cant be the next Pepe maybe it can be the next Bonk since its on the same network. I saw this meme before on dexscreener/birdeye but I dont find it interesting to buy well its up to you, very new meme your early if this is legit one.
It would be waste of our time to find logic on what this person has posted wherein he/she is drawing comparison between two tokens which are on different chain and it's just a shill marketing tactics which is identified since this is the first post from the account. I personally stay away from such projects who cannot afford to have a proper marketing and promotional team because they can never run a project smoothly when they don't have proper marketing plans itself. |
|
|
|
|
Just can't stop laughing as whom will they be suing? It's like you are forcing people to buy your product to fund the massacre and commit genocide but when public refuses to buy your product you wanna sue them? How on earth did they even arrived at this conclusion that it would help them gain back the customers? BDS is working and I think this is the power of humanity wherein people from different religions and races coming together and boycotting the supporter of oppressor.
|
|
|
|
|
Show Posts
