I wholeheartedly agree, the knowledge and experience of trading knows no bounds. I myself come from the background of stock market trading and experience has helped to remain profitable in the crypto market from the start. While this market is difficult to compare to others, the basic knowledge helps.

Bigger capital is comparable to the concept that bigger guns means bigger damage - but the size does not matter here  - its more of the skill with which you use your "guns" to cause the maximum damage. [Pun intended 100%]

But seriously speaking, not everyday is going to go well, patience/skills and a bit of luck leads the to recipe of profit. In the meantime make sure to wind out with friends and family and keep the daily job earning coming in - that is necessary to keep the mental peace and augment the patience.

Though the proverb is correct but they all suffer from the same problem, they are correct only partially and not absolutely. Trading altcoins is one place where you want to tread carefully, because this is a wild west without regulations and scammers and shitcoins everywhere. If you are keeping yourself limited to top coins which you will not once the "season" starts you will lose more than you can afford, not like the fish.

I think open season or closed season, keeping the choice limited to top coins yields the maximum for long term traders. Go test the waters with newly launched hyped coins - most of the traders will not manage to make anything, its a gamble.

A trader should questions "what is going wrong" when they are incurring losses consequently and not try to rush through them like a mad gambler. The mistakes are often very easy to spot but difficult to correct and can cost a lot of money which if learnt today will save a lot of money in future.

Most traders cannot analyze their market mistakes. That is why I suggest dummy trading to newbies before actual money trading. But not everyone can correct these mistakes in which case they should stop trading because it is not for them.

Buy those stocks who have been here for long/have a flourishing business, in our local country market we buy them for long term and accumulate dividends across the way. My knowledge about US-based stocks is poor so I dont focus on them at all but keep it limited to my own country. I have been getting dividends enough to cover up a part of our monthly bills and that is indeed a saving. I could also bulk sell whenever I wish but that is not my objective.

Every month a part of your salary should be allocated to savings, assets, spendings and surplus. This comes up the assets part and should be flexible to accommodate stocks, bonds, bitcoin etc, in my opinion.

There is no point in regretting but learning what we have missed and then use that knowledge to not miss another opportunity in future. The bitcoin drops and not buying is a serious mistake if done after you become a trader, but I will excuse the altcoins in this regard, they can be ignored for long specially the newly launched shitcoin ones.

What one person has not done should be the lesson for more people out there and as a lesson for them. No use crying out loud that they should have done this or that.

16k was the lowest touched this year and that was in first few weeks of January and you would be pretty lucky to have caught bitcoin at that level. Of course much higher prices are possible as the year progresses and hence I am holding during the stagnation period. It is important not be come impatient and sell at the price right away. Though if someone feels anxious about losing the opportunity to sell they should sell only a fraction of what they bought. Next bill run is not easy to predict - upcoming news and have an effect on that. But holders will always profit from the long run.

Patience is the key here. You have to be the one with the iron hands to keep holding but very swift to sell once all time highs reach.

I will assume the story to be true but keep scepticism aside about the story's origin, I would say that exposing childrent to bitcoin should be done cautiously. The reasons that mature humans know which can lead to losses are often not understood well by children and this they might have problems with attempting to save bitcoin.

For a start one can allow them to make fiat investments at the start of their salaried life and allow them to learn about the good and bad about crypto simultaneously. Not all countries are lenient about crypto and therefore they should be given the choice to decide what to invest in.

Fundamentals are fine enough, you don't need TA for every project and because TA is only half of the times correct don't take the TA as the future but only as an indication of a possible future. It is better to not depend on analysis at all. If you are going with day trading then analysis does play a role. But if you are going long term, you could leave TA aside, use the general metrics to determine buying and selling prices which can lead to good profits.

While some people can use TA to make huge profits over day trading not everyone can and so it's better not to follow them and do more of long term trades.

A lot of the signs are subtle and often overlooked by family members who are the first people to catch these. But a behavioral change is common and usually ends up in the hands of the lady of the house.

Every gambler understands these signs and does not accept the fact that they are addicted because they feel guilty and ashamed of themselves and their actions and that leads to more problems. It is manageable in the early stage if they are moderating their habits but for many people this is difficult and they need professional help.

The key word here is moderation. Any habit forming activity needs to be moderated.

None of that.

It does not need a "sacrifice" (sounds like a ritual, if you ask me ) What is needed is a source of money for the capital and that is what the OP has cited in their post. However one can just start from their own salary if they are willing to, of course a bigger capital at start means a bigger profit on the first trade, if they manage to. But even then capital is just a number, skills matter and of course some luck.

You could say that most of us here have once a while lost money what we traditionally call "tuition fees" to trading.

Being able to hold your coins for long term after buying at a low price means you have good patience and that makes the difference between a successful trader and one who is not. But this can be a learning episode for many traders who are new to the market, if they observe the charts they will realize this and eventually have the guts to hold through a cycle.

Hence investing in bitcoin needs not just the money from our side but some skills like patience, ignoring the background noise and diligence. Most traders lack one or two but they can make it up if they try.

I agree that CMC being flooded with shitcoins everyday is a pain in the rear for those who are researching about new projects to invest in. But they all yeild the same result : poor teams, badly managed tokenomics and lack of market making capability. Hence the impetus for doing research also drops and you eventually lose interest in buying newly launched coins. It is a correct step because the shitcoins rarely have any good outcome.

I would suggest only going for top five altcoins and bitcoin. Rest are only for short term gains if done in an expert manner..

The governments are not always lenient towards crypto - this might be a deterrent to your determination. You cannot be completely using crypto to live and you will have to keep first in working condition to run your life and it's payments. It does feel good to be able to spend your crypto like this for daily necessities but things are not fully streamlined for such. But we should strive for this and hope that our next generations get better and improved access to crypto and it's easy transactions.

But all this applies to bitcoin and not altcoins.

I say let bitcoin halving continue as it would. Whatever happens we will face that with our own guts and experience. There will not be nl use in speculating about what happens or how the bull market occurs.

What I have seen from halving is that before the event bull run starts and after the event dumping starts but this might not repeat and hence don't get it into your heads. Before that happens traders could accumulate coins as much as possible at lower price. But all in all the norm accumulation of Bitcoin that people do should continue as normal, halving will not change our outlook much.

Maybe they understood that their previous stance was wrong and then they started accepting these things as a method to grow their country and become further competitive to other countries. We should be skeptical about how much China will accept web3 development in future though. Economic changes may be forcing them to accept this pathway, it shows how we as a community can force the government to take a lenient move.

However there will not be much changes in prices due to this.

That's true and risk is something that every trader has to face. Still going for high returns is possible however the return may or may not be guaranteed. In spot trading this opportunity will come rarely and should be taken right away. The other types of trading may commonly see such numbers but they are all comparable to EV - games meaning you are actually gambling.

Even if you can a certain return every few days, that is enough to run trading over years, without looking at sudden high returns.

This is very common among shitcoins being promoted with hype. The reason why many newbies fall into buying these shitcoins and not bitcoin. They don't understand that Bitcoin even in a limited and small supply is for the long term. However many people make profits over such coins but such people are only a handful who would not come to forums like these.

Hence circulating supply makes sense but then when you keep yourself limited to bitcoin you don't need to worry about it.

Banks and whales are not comparable at all. Banks give loans, take deposits. Whales buy/sell asets on a large scale and use that to manipulate the market. One does it for their and public's benefit while the other only wants to profit from the market movements. Whales are also loan sharks but that number is limited and they are usually predatory in nature.

Besides banks have a lot more number of services to provide, whales are not intended for that.

I can say that altcoins might be more flashy and colourful, easier to acquire for new entrants than Bitcoin. Maybe that made crypto even more notorious than bitcoin and it's scandals. Even then the long term profit from altcoins is way less and risky than bitcoin. Hence the gold standard is bitcoin and not altcoins. One might have some specific reasons to buy them, but their real use cases are less and they lack a market making capability.

Hence the impact they have made on the market might prove useful in short term but they get forgotten in the long run after they crash or get abandoned.

Making a fixed or an average income steadily everyday is possible in a day job not speculative assets like trading bitcoin or altcoin. The day traders know that their daily income is never stable but only a long term scale can you see the cumulative amount to be somewhat stable. The traders should rather focus on keeping a gradual inflow through buy/Sell if they are going for day trading or go for long term and not think for short term.

Reading the market quickly is not a thing for anybody. Most newbies can't because they have low experience and hence not recommended to them.