We are in a dip correction cycle that can neither be called a bull market or a bear market since the price of Bitcoin which is the major market determinant has shaded off some good percentage of its price which forced other coins to follow the same market pattern so waiting for the next market approach, which could be in whichever ways this can possibly be one of the tough time for cryptocurrency investors who don't have the long term approach to their coins holdings and are only speculators for the short term market.
That is true, we can't really call it bear or bull, we can certainly not call it bull looking at the price, but we can definitely not call it bear neither even though it's down. Too many people call it going to be wrong because the reason they call it is because they see it go down but not all the price drops could not be considered bear market, that one is something that takes some time and I think we should be more careful about it for sure. I get that it's not understandable to have it change anytime now, but it should not be simple neither. I get that it will be tough, but it should be ok to have it and we could be calling it just regular stuff without a trouble and we could make it work the way we want it to be. |
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Young people are willing to take more risks as compared to older generation. They are quick at adopting new technologies and learning new knowledge. They have better idea about what the future of finance and technology would be like. So, they naturally see a good scope in crypto space both financially and as an integrated technology.
They with their calculated risk can be more successful than their average older generation. And with advanced financial instruments in their hand, they can reshape the future of finance and financial structures.
I would guess that the main reason for that is the fact that older generation could work and get something with their money, the world is filled with old generation people who worked at paper mill and bought 2 houses, one for winter and one summer vacation house. The sad truth is that we are not going to end up with that, it is not going to be possible and we are going to end up with a result where it is not going to be possible for us to buy even a single house as a PHD if we want. That's the difference, you could be a high school drop out in 60's and work at some stupid job and buy a house and a car, you could be a PHD that is making ton of money and not be able to buy a house. Hence why the new generation works with more risk. |
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2025 Bitcoin will definitely have an upswing. Although currently the price of Bitcoin is the highest but for 2025 the price of Bitcoin will reach the highest peak in the cryptocurrency ecosystem and blockchain or crypto. Then the number of Bitcoin transactions and investors will increase. Bitcoin investors at present and those holding Bitcoin in 2025 will definitely benefit. Every investor is confident in Bitcoin and Bitcoin will always move above its own current value. As we have already noticed that some countries have declared Bitcoin legalization, 2025 is still far way then Bitcoin users may increase and more countries may declare legalization.
I agree, because of the halving the timing of 2025 seems like it is going to be an important one and we are going to end up with a good result without a doubt. I understand that some people might be against it overall but that doesn't change the fact that we are looking at something great right now. It should be remembered that we are going to end up with a result that will be much better on the long run and it should be getting to a point where it will make sense to see it go up. Of course it is not that easy, not like we are going to just go straight up from here until then, there will be down times like these days along the way, we need to make sure to trust it to go up in order to survive these down times as well. |
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The economy is not doing well - so I can't expect everyone to keep up their enthusiasm for investing in bitcoin. Even if some of the users here say they bought it - but I believe they are more likely to be lying to themselves.
Some also buy - but only if they have an income higher than their monthly living expenses. A person who is able to save $100/month monthly income cannot be expected to invest it in bitcoins. They need to adjust their monthly needs and expenses - so of course they will avoid investing more. I'm just not denying that some people here are lying - but that's up to them.
Economy doesn't need to do badly in order to enjoy bitcoin, it's obvious that it's a good thing and we just need to make sure that we give it the good attention that it deserves. When you look at the situation you will realize that the foundation fiat currency is built on is shaky, and we are seeing why it's bad right now, but even if we didn't see it do badly, we could see how it could do badly when there are so many red flags about it, whereas bitcoin is a much better one and I bet that it's going to do even better. This is why it's quite important to focus on how to make money from it, and if we could keep doing it then we are going to end up with a good result without a doubt, that's how it's done and that's how we are going to get it. |
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If we see Bitcoin at $173,566 in November 2025 then your prediction will be correct and we hope so. We know that every four years there is a Bitcoin market halving and we can assume that the bull market will happen in 2024/25 when we will definitely reach this position. Looking at your prediction we can expect Bitcoin to peak in 2025 and set a new record once again. Although there is currently a lot of speculation about how much Bitcoin's value will rise in the future, many have predicted that it will peak in 2024. If the peak is reached in 2024 then surely 2025 will be a good position for Bitcoin market. And it's hard to say how certain your prediction will be, but we expect Bitcoin to reach this level in November 2025.
I can't say that it will be at that price, that is too precise for me to make it work but at the same time I think it's quite important to remember that we are going to end up with nothing at all. I think it's quite important to see it go up and as long as it keeps going higher that means we are going to end up with a return for sure. It should be remembered that we are going to make some profit, and in order to keep making that profit we need to keep it going as long as possible. I understand that life is not simple, so this 173k is not going to be exactly what the price will be, we can't know that, it's not possible. However, we can say that it will be higher, much higher than today, and that is good enough reason to invest. |
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Can anyone explain how interest rates influenced the past halving's impact on bitcoin's price and whether this could challenge the expectations of a price increase in the next halving?
Indeed interest rates are always associated with investment, of course the two have something to do with each other, low interest rates can make investors busy choosing to invest, hoping to get big profits. Of course interest rates can affect investment, if you look at it from the side, as below. I agree, interest rates are not the only reason but it is also not nothing anyhow, its going to matter. We could see it change and in order for us to see it change, we need to first see the halving. Without living at least 1+ year of halving, we can't say if interest rates will have any impact on it or not, we could make assumptions but we can't exactly know what's going to happen, and we should reach to a point where its a lot better and we can do a lot better with it as well. This is of course a situation that will take some time, but it is still possible and it could make it worthwhile as well. Live to see it is the greatest result checker, because it already happened in that moment and you get to see if it was true. |
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I am also learning to get trading for a living, but until now even though I already have theory and techniques and chart reading, I am still at war with my psychology which is still very unstable. even though I know what I shouldn't do, I still get used to breaking it, so it ends badly. I don't know, although I often learn to control myself, but in fact it's difficult and hasn't been successful until now. It turns out that it is not easy for day trading, because you have to master complex knowledge to respond to market movements every day
Because indeed the most intimate in trading is mental, because it is the most important basis if you want to be a day trader, I think it is the main fundamental for you friends. And you need to remember that building a trader's mentality takes a long time, knowledge and understanding only affects a little in terms of cycological, encouragement of fear and greed will be greater at the beginning of being a trader, you still need a lot of time to educate your mentality friend. I don't think you have to immediately switch professions, you should do it slowly with a small margin so you understand how you should be against your market fluctuations and feelings, if you feel able to control yourself well then the right decision for you to increase your time in trading. Mentally being ready, feeling cold and robotic, is the best way to trade. I know a lot of traders and I mean professional traders who do this as a job and make a good income, and they all end up trading based on just statistics and nothing more. If you could mentally be ready to trade that way then there won't be any issues and you will do fine. I think it is important to remember that you are going to end up with a big loss if you do not end up losing money and in order to be better at it you need to focus on how you could trade with logic. Using purely just logic and strategies to make a profit is a great way to make an income and yes there are a lot of people who fail to do that but I think it can be done. |
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Not sure how this thread is stay in Trading Discussion when the @OP talk about speculation.
Well it has been expected Bitcoin price will hit the lowest in 2023, then it's recovery phrase in 2024 and then bull run will happen in 2025. There's nothing new and people who believe in Bitcoin super cycle already have such thought.
I would guess that you are going to trade based on that speculation so maybe that? I feel like it is going to be just a talk so people do not really care about it all that much. I think it is quite important to make the difference between them of course but if you are trading based on speculation then it is sort of related to each other at the root and that is why people do this kind of stuff. In the end, we are going to see it go up if you ask me and when I say this, that means it is related to trading as well, I say its going to go up, but I also mean that you should buy right now and sell next year, when I say buy and sell like that, that means you are going to make a trade and that suddenly becomes related to trading. |
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Sounds like go big or go home phrase which mostly related to gambling, trading isn't same as gambling.
If you want to maximize risk taking then you can borrow money to buy shitcoins and buy the most cheap shitcoins especially it's still not listed in any exchange. It's either really huge or nothing, if you're failed, then you will not able to pay back the loan and feel regret everyday.
I agree, this type of logic definitely hurts a person when they want to trade, there are a lot of people who end up trading like they are gambling, they max out the risk and they hope for a great return, and most of those people end up with a loss. There are a few good examples that made some money, and because of that they keep showing that example of "what about this!!" but the reality is that those are exceptions and you will not make money that way. Hopefully people will one day realize just buying bitcoin, and keep buying it with saved money from your salary, and keep doing that for many years, will get you rich enough that you do not have to do anything crazier, that alone would be good enough for you. |
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Unlike if you do make use of your own analysis and trading approach then the feeling of regret wont really be that bad since you are already accepting that you do made out a mistake and not something regrettable on your part.
This is what most people don't understand. When you learn to lose and identify your mistakes, only then you can work on those mistakes. If you are just copying or following others, you will not be able to identify your mistake. Worst case scenario, you will be blaming them for your losses. What will you do then? Move on to someone else? This is the mistake that they have been doing and learning nothing about real trading. This will lead them to their doom. For the best experience and to achieve success, learning it on our own is the best option. We can not be the best version of ourselves unless we rely only on ourselves. The more we follow others, the more we will become dependent on them. The moment they are gone, we are left with nothing. This is why learning it from the ground up is our only option. This is such a great way to look at it, this is the perspective that people needs and I think it should be important to make as much profit from it as you possibly could. I am not saying that it will be simple, but that doesn't mean that you are going to end up with a great result just because you copied someone great. You could copy them for a while and what happens if they leave? You are going to bet all your money on the future of some other person helping you? I absolutely would not suggest that at all. Everyone should learn to trade themselves, that would be much better for everyone without a doubt. In order to make it happen, you need to reach to a point where you could make as much profit as you possibly could. |
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Bitcoin was never created to be anonymous in mind, there are some facts that shows that Bitcoin is far from been anonymous.
Bitcoin has a public address that can always be tracked back to an ip address or even to any exchange account, if the investigation is to be carried out properly, an identity will be unveiled.
Let's also not forget that buying Bitcoin isn't anonymous too, those exchanges where you swap your Fiat to Bitcoin all requires some kind of verification, such as driver's license or national identity cards.
Pseudonymous is the right calling word for Bitcoin instead of anonymous.
But you could use many thing that will increase your privacy level, so it will not make you have no privacy when use Bitcoin. The first task is avoid any centralized exchange or P2P that will ask KYC, use no KYC P2P e.g. robosats, agoradesk etc or decentralized exchange e.g. Bisq. Second, use a non custodial wallet, run full node and use Tor to access it, no one will know your IP address. Third, use Bitcoin mixer that will able to mix your coins and no one can link your old address with your new address. Really? Like should you even do these? I am not really in favor of this much, I have all my money in my binance account that I did KYC for and nothing has happened to me, before that I was at poloniex, before that it was cryptsy as well, and none of them were neither scammed me (got out before cryptsy end up going down) and none of them gave my information to anywhere that used it against me. This is why I feel like it is not really a big deal and we should not go overboard with anonymity if we do not want to. If this is what someone prefers then I could just say kudos and move out of their way and let them do it, but I do believe that it is not needed, it is a way too much and shouldn't be done and should be useless at that point. |
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better for Kids in elementary school would be to discuss the idea of get rich quick schemes: what are the chances to make it vs how are the chances to make the next paypal.
That money alone is not equal to happiness.
You are more mistaken than those who are having the idea of teaching bitcoin to elementary school students. They haven't even perfected their reading and writing skills, how can they even think of getting rich? They're just kids exploring the world and there's so much they need to learn and not finance is always an issue at any age. It is a foolish and short-sighted idea to think that it is possible to include bitcoin or financial education in the elementary school curriculum. If you want to make money, you must first learn to be human, don't turn children who only know money without morality. You are talking about 6-7 year old kids, I think they are talking about 11-12 year old kids. In most nations "elementary school" is until 13 years old, and that means kids at 13 years old could start learning more about bitcoin. I still think that high school is better, you would be about 18 by the time you graduate and you should be able to learn more things about crypto at that point but that doesn't mean that you are going to end up with a result like that. It should be a lot better if you could avoid that and have a result that would be better. I believe that we are going to end up education one way or another, otherwise kids will never learn it and they will be too late when they are old enough to check it themselves. |
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i think the reality to picture out here is that bitcoin itself being in existence is a revolutionary threats to the government itself and needs no longer any form of political action to revolutionize the system in avoiding them to use force against every bitcoin holders or users, a time is coming whereby the use of bitcoin would have revolutionized the entire economy and governments themselves will have i further option than to either support what the people want or watch it going unaffected.
Apparently we are going to end up with "everyone" having a voice, no matter how silly and stupid it was. I am sure that when democracy was first founded, which was years ago of course but I am talking about the version we have now, the people who made it probably thought about it like "people will elect the one who makes the most sense" and not something like "even the weirdest weirdos will have a voice in election" which is the thing we have right now. So I am sure that financial revolution is not that impossible, considering how tough we have it already right now, and it will probably be like that for a while longer. It's clear that we are not going to end up with a different result, it should be normal eventually. |
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Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Memecoins were few but this year, situation is changed. Everybody is busy launching memecoins, no whitepaper, no roadmap. 8 projects are memecoin out of 10 projects.
It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?
You say that the memcoin market is growing although you do not provide official statistics. I think that new coins are constantly appearing in this market, but only those users who are subscribed to special channels and news receive information about them. If you go to the communities of degen traders, you will also be surprised by the huge number of useless projects. I do believe that if you spend enough time on researching coins, you will realize that memecoins are not there to make you profit, because that was never their intention and should not be considered a good thing at all. This is why you should be investing into altcoins. However, there is an important distinction on this as well. We need to remember that this isn't going to be that easy, and we need to make sure that we are doing a good job of it as well. If we end up with a deal that doesn't really benefit us that much, like some shitty altcoin, then we will be making a mistake as well. So if you really want to make a profit, you should know what you are getting into and pick something that will profit you a lot more. |
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There are thousands of altcoins in crypto market and each of coin has investors! Cause people have different choice from one to another. People even invest in shitcoin to get rich quickly. So what are the names of your most 5 invested altcoins that you are holding or would like to invest soon??
For me it has to be bitcoin if we consider that as crypto and not just alt, but if not then purely alts it would be ethereum, bnb, avax, matic and ada because those are the ones that I believe working on bigger things than the rest. I am not saying they will all do well, I am sure that at least one of them will do badly and do not get the result it should but I believe that at least three of these will do wonders when the bull run comes. Of course I would like to emphasize the bitcoin one there, it may not be altcoin, but it is certainly something you should have as majority in your portfolio. If you have more of one alt than you have bitcoin, then you are making a mistake, that's the one that should always be the highest. |
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Nobody thinks this is a great buy opp?
he is waiting for a couple of thousand before considering it dip, but the more she waits is the more she losses a chances. buy now or buy never. That will never happen at this stage. Even if it does, he won't have the time to buy it like he thinks he does. Crashes like that are sudden and will be extremely low liquidity. Even if he has a limit order which I doubt he has it won't be filled. Classic error for newbies who think they can time, and then rally comes and they miss the ship  I think it does make sense to put an order at those levels in order to make sure that you buy it at the dip, but it would be smarter to have some spread across a lot of prices. Like do not have one for very little, I could put an order at 1k if it ever gets there, just in case, doesn't mean it I will get it. So why not have some at 25k, some at 23k, some at 20k, some at 17k and so forth? That way I would be buying along the way when it is going down, and wherever it stops, I will not be too late to buy, and already bought some on the way. That will definitely benefit people, I did sort of like that at 30k and 29k, but that doesn't mean that we are going to be right all the time, like me who bought at 29k but it went lower. |
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There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had
Blackrock is one of the biggest companies in the world, they do not seem like it, because it is not "their money", but they have trillions and trillions, there are just few nations with bigger GDP than blackrock, think about how rich they are. It could be not their money, but it is still their money to control and do whatever they want to do with it. This means that if they want to bribe the right people to get their ETF working, then they will do that. This is a company that can literally donate enough to make a person president, they are THAT rich, we are not talking about billions, billions is already big enough, we are talking about trillions here, insane amount of money, a country sized company. So that ETF will happen one way or another. |
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I don't think looking up to the trader's profile you want to copy is a "lot" research to do, that's why it's called copy trading. Also, there's nothing like "this is just for a newbie" and "this is just for the pro", anything that a certain individual wanted to try is okay, those experience traders that you're talking about was also newbies, you're never going to be a professional on trading or in any field if you're going to apply that kind of mindset of yours.
We gain experience by trying things out, not by avoiding it.
If we are talking about just checking one profile then maybe you will not consider that as researching. However, if you check 50 profiles, and check every bit of trades they did and check when they bought something and why they bought it there and what was the indicators looking when they made that deal, and do this for all the fifty profiles then suddenly you are checking top 50 best return people and how they trade. Suddenly that becomes a huge research and you are going to end up picking one if you like it, or if not you could find the common ground on what they trade and why and how, then you could make it even yourself without actually copying them if you do not want to as well because you did an extensive research on them. |
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No trade is perfect and we choose what is good for us likewise you have chosen to go the way you are going. But I think when a strategy is producing result like us and it is steady then how do you want to change a winning strategy? You don't need to start worrying yourself if you are making steady $1 or $2, that means you have a working strategy. However, your profit margin is very low and it will amount to nothing at the end of the day, your cost and expenses plus time. If you want more, do a little of risk appetite.
If we can make $1 - $2 per day, there is a possibility that we can make $5-$10 a day. Yes, it is all about finding the most effective strategy and huge capital as well. Though earning $1 a day is not really satisfying but at least it was better than doing nothing. Well, as it keeps going, we can learn more things that can help improve our way of trading as we can't expect it instantly but as scalpers, there is a huge chance of getting higher especially if we already have long trade experience. We don't need to rush but have to keep timing together with hard work and perseverance. I would guess that making 1 into 2 is not the same as making 1 million into 2 million. There is a volume and marketcap block that prevents something like that from happening and I believe that we are going to end up with something like that eventually. Life is not that simple and we need to achieve something that is bigger volume to make that happen. Some small token could give you return that is double and you would be happy with that if you are using something small. But, if you want to get a bigger amount and double that, the volume and liquidity of that small cap token may not be enough. This is why its quite important to focus on what you can do, and not what the token can do for you. Just look at the strategy a lot more. |
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OK, so tell my why there shouldn't be a demand for bitcoin. It works pretty much like digital gold and is currently the best store of value out there, because it's the first and the only decentralized way to hold money. Every other thing is limited, requires a third party, or like gold is hard to carry around and sell. Bitcoin is simply the best and if you give people time, more and more will get to understand this.
Even if we ignore the above, bitcoin was trading at above $40k for almost a whole year in 2021. Why shouldn't it be like that in the future? You're looking at 30k right now but in reality going from 30 to 35 requires very low amount of money when compared to how much people put in stocks. A single billionaire investing in bitcoin could get us above 30k today and there's a lot of billionaires in the world.
What does it mean after the halving? Do you mean a month? A year? It's mathematically impossible for bitcoin to stay flat below 30k despite the halving. It either goes up to 40k or it dies and goes to 1k and eventually below, but for that the blockchain would have to fail somehow. As long as bitcoin works it's going up.
And did you see me mention that the demand for bitcoin won't increase or bitcoin won't be able to cross $30k? What I'm trying to say here is that the supply doesn't decrease with each halving, but instead, bitcoin becomes harder to mine. Second, limited supply is meaningless without demand. So when we want to say bitcoin price increases, we need to ensure between supply and demand, not just focus on limited supply while we are not talking about bitcoin demand. I would guess that the demand is already there, that's the difference and that's why they do not talk about it. Do we have people who buy bitcoin daily? We do, look at the trading volume and you will see that there are a lot of people who are buying up bitcoin and that's why I think it's important. This is why I think it should be important to focus on what you could do, it is not really that much of a big difference and I think it should be important to note that we are going to end up with a result where when the supply is less, demand stays the same, equals price going up. Today there are certain amount of coins mined everyday and sold and bought, in the future less coins will be mined everyday and sold, but why would demand go down in that case? |
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