This happened a few years back when Bitcoin ETFs were being first talked about and the media was buzzing with this new term. The forum was filled with threads pertaining to ETFs and how we could profit from them and then eventually the buzz died out.

At present this has been quoted to be the reason behind the bullish movement. I consider this as an opportunity to sell and cash out for the time being if you have a mid-term selling goal.

In the long run, bitcoin is better to buy in whole rather than an ETF. The concept was to bring in no-coiners into the risk field by making them buy ETFs over actual bitcoin. Lets see how this works out this time.

This is a bitcoin forum and thus the comments will be biased towards bitcoin.

I think the term favorite here is used loosely, because we are here to see bitcoin as a mode of transaction and an asset, not like a team who we are supporting. As per as price changes and bullish trends are concerned, bitcoin has made the largest round and therefore it is the crypto users first choice when asked for a asset class to invest in.

Most altcoins have failed to demonstrate what bitcoin has done in terms of decentralization and censorship-resistance, they also havent brought anything new to make them stand out.

Consider it to be a bear trap, what could you do anyway? Nothing from your side but wait and watch.

Since the buying point has been crossed, we have to see how big the price actually reaches and then decide on further processing of trades. Some people will sell the coins they bought at 26k and cash in the profit before anything else. You might not have that same option so wait it out. We can move either low or high from this level and thus long term predictions are tough at this stage.

The problem with money at hand is that it ends up being spent very quickly. This happens to everyone out there. You can start avoiding this by keeping recurring deposit where you exhaust your monthly income into in order to avoid it from getting spent.
Keep a limited amount of money at hand for possible expenses which you can derive from last few months expenses.

As soon as you see that your total volume of money at hand has reduced you yourself would cut down on unnecessary stuff - it's a psychological thing and it works to prevent over spending. You need to get that cash away from hand as soon as the monthly salary comes in.

Once those deposits mature you will be surprised at to how much you actually accumulated over time.

Dependable trading signals don't exist, my friend. They are mostly scammers trying to lure a newbie into a tricky situation where they pump and dump their own shitcoins while they go in the opposite direction themselves. Trading is done by observing the market movement and then placing orders which lead to a net profit in the difference of buy and sell. There are signal groups but they are all scam
Remember that your loss here is another person's gain and this trusting someone else's word on trading leads to a loss.

Appreciate the charts and read the indicators but don't go for signals.

Bitcoin's job is not to provide profits for companies. It is a currency and a mode of transaction to change the economy. If you think everyone is a fanboy wishing for it to go up then be happy with that idea and not try to uncover yourself the reason behind it. Most of us here have watched the market for years enough to clear out the price cycles and how the market moves. While the long drawn bear market has it own effect on the traders psyche and the patience to hold through it.

I suggest you learn how Bitcoin works and how it's demand and supply functions. We cannot prove to you that it will be a good investment for the future, so decide on that yourself.

A bull run may hit anytime, hoping you experience your first one is good but you must also appreciate the bear run while it's lasts. Both of these time periods have their own significance and it's not that bull run is good and bear run is bad. The bear run reveals hidden lacunae in the shitcoins causing them to reveal their full colours eventually leading to their downfall and weeding out. Bear market is the time to buy at the lows while you sell at the bull market.

So as far as preparation is concerned buy the coins while the bear market persists and sell them at the bull run.

The only skill one needs is buying low and selling high. Keep patience through through the price changes and you will do well in the long run. Trading is a long term game not a one day affair hence patience becomes very important.

This becomes complicated if you are going with altcoins trading and not keeping yourself limited in the number of assets. The altcoins carry higher risk and the risk appetite of every person varies. Traders learn this over time and it's vital to recognise - most traders can handle the stress only if they are doing this well.

It's because people have a lack in faith in Bitcoin enhanced by the cyberpunk nature to it and it's use. Not to mention the number of scams that happened with bitcoin as the mode of transaction,. Thus the habit of holding bitcoin while it drops and buying it when it's performing poorly is lacking among many newbies and financial advisors.

Hence let bitcoin dump, but learn how it works and clear your doubts on Bitcoin as much and not worry about its price.

Technical analysis is right only 50% of cases. You can use that to make a prediction but not use that as the cornerstone of decision making to buy or sell. We can use your own intuition to do better than that. Most of us should focus on just buying low and continue to do so because the market is not going for a bull shift anytime soon.

Keep buy orders set and keep patience. We have to trade over long term to realise the maximum profit of Bitcoin trades.

Bumping this thread up.

I choose 4

Good luck to everyone participating.

Well I got in at $350 and obviously I am in profit at present, but that was several years ago.

I would not suggest people to go all in, but buying it can be profitable for the next bull run. For the last 1y timeline, ETH has been going from 1k to 1.7k USD and thus I would call that as a steady growth over time. I dont expect to see very low prices to buy at so, it should be bought in fractions over a period of time to offset the loss from the price rise while buying.

Right now a bulk purchase of ETH would more likely be a panic buy/buying at the high.

These should be a newbies go to guide for detecting scammers on telegram or other social media because the maximum cases of such scams are running there and one would be wise to catch the scent of greed that these scammers produce in order to attract a victim.

To be safe, I follow some rules like something too good to be true is mostly false and that the person saying that they know full-proof methods to make money/pick trades/pick sports bets is a scammer as well.

Honestly, the list keeps on growing as scammers adopt newer tactics but the modus usually remains to tickling the victim's psyche in order to get their attention, ignore that and you should be safe.

I would remind you the same thing. These platforms dont work as they say they would. Any sort of "passive income" generation ends up with your coins vanishing in thin air or the setup getting hacked and your coins are in limbo.

I do suggest investing in casino bankroll, which is different from gambling your money, there have been some yield farming projects but most of them are only shitcoins and the time to recover your capital is huge. You would be better off putting your money in bitcoin for long term or just in a fiat bank deposit.

You cant be sure that the platform would not go bankrupt. Only you can never go bankrupt if you are keeping bitcoin's stored.

It is an investment if you think of it to be. Some people consider gambling as an investment too and I would not go and say that they are wrong. It only depends on how you manage the risk and the profits.

You can be learning how to trade and practice it on paper, then step on the real market and invest your available bitcoin or fiat for something else. How long or short you go, all will define your trading nature.

Many members of this forum accumulate bitcoin for long term holding. In terms of trading they have one or multiple buy orders executed - how they recover that capital is how the investment is going to be.

A couple of dollars and what? like 6x times, make it twelve dollars. You would be happy with that? Truly not, you would be looking to turn 1000$ to 6000$ and thus you should not raise the topic of a "couple" of dollars more like a couple of grands.

This ends up being a gamble if you weigh in the risks of altcoin trading and their past behavior in the market not being up to the mark or showing severe volatility. The bitcoin bet is a safer one but I guess the nature of traders is to take risks and they therefore do not go with the long term safer asset.

You could go around throwing a few dollars at every coin out there, but the net result will be that the exchange fees will eat up your profits.

A lot of gambling sites initially start as non-KYC but within a year or two they change their stance. It leads to a public outcry but the memory of the public is short term and they move on.

Fact is that there many gamblers out there who do not mind giving their KYC to these sites either. So for the sites this is a safer group to cater to instead of those who might resist to give a KYC.

I feel that if you are concerned about KYC and identity theft and want to gamble regularly, you need to reach a middle ground. Keep changing the site every few years because new ones are always popping up or just accept and move on from gambling life, which is next to impossible for most of my fellow members.

Religion is but a doctrine to keep people on the right track with said punishments if they sway from that track - nothing more.

The final decision to commit a crime or do something un-religious depends on the person itself and their morals. I dont mean that gambling is an immoral thing to do, as long as it is in moderation, it can be fun.

Just converting to another religion is nothing more than a facade done for other reasons, it does not change the person. An addicted gambler will remain an addict unless they seek professional help.

Its bitcoin, hands down. Stretch it a little more and you can include ETH too. Increase the risk even more you can get the rest of the top altcoins as well. To play it safe, keep it limited to bitcoin and you can sleep tight.

In any case, if you find bitcoin too pricy to buy, dont buy 1BTC in whole, we have satoshis for that - buy the fractions and continue accumulating.

Judging by your account its not a new account but you have posting gaps, I assume you got this account from someone else selling it. I wonder what you have been doing all this while because this is a fairly simple question.

The best advice I can give, is to work on your account posting habits and quality and eventually earn enough merits to rank up to join a bitcoin paying signature campaign. Using the earning from that you can buy any coin you want or pay for your expenses if your local laws allow it. The bitcoin paying campaigns are like the holy grail of campaigns in this forum, the best side hustles you can get.

If you have any other skills use them to provide services, dont run after aidrops, they are not worth your time which I consider is the most precious thing at hand.