Not just memecoins but many shady stuff actually spread by rumors and hype marketing and this needs to be understood by traders. In fact diligent traders immediately use this as a red flag sign on that project and dont look back at it ever again. However newbies are the ones who are regular targets and the project is also aimed at them. These are mostly the get-rich-quick youngsters getting their hand dirty in crypto for the first time.

It is difficult to stop them but dont hesitate to educate someone about the pros and cons of hype based marketed projects. Eventually they will either leave or learn and stop investing in such projects.

Let the price remain it will not after a certain time. I would say enjoy the stagnation while it lasts, because this can be a time to decide about assets other than crypto and accumulate them rather than waste time pondering what will happen to bitcoin.

Because the chances are binary - it will either rise or will drop. If it rises wait for it break even and then sell crossing your buying point and if it drops buy more when you feel comfortable.

Keeping your money in more assets gives you the advantage to not get frustrated over one market. You could be focusing on another one while bitcoin makes its move and then you can respond. Dont get anxious about why it is stagnant, it is a game of patience.

The piggy bank looks cool with the orange bitcoin logo on a black background - but the shape looks more like a soda can/syrup can than a piggy - recommend more designs in this regard to attract the younger generation. You could also add in a small piece of package insert where you can explain about bitcoin and how it works and so on in order to make the buyer inquisitive about bitcoin and its use. Then only they will check what it is and not just keep the piggy for collecting fiat coins.

Maybe you can upscale this into a small business where you are selling bitcoin-based merch and have a youtube channel linked to that where you give short explaining videos about bitcoin and how you have profited from investing in it. The list is endless if you are creative enough. Just dont go down the shitcoin influencer route.

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Any sort of support towards bitcoin or spreading the name of bitcoin among public gets the thumbs up from my side. I think we all should in order to grow this community with small bits of positivity to those who are trying to make a change.

People like to believe that dream like state to be real and achieveable through minimum effort and thus the attraction to go for the more risky methods of trading without learning how things work on the market and on social media.

On social media ShitcoInfluencers attempt to promote their affiliate links through making of reels and showing off their earnings to catch the naive population of youngersters. This leads to them making rash decisions and putting their money in such shitcoins only to lose and end up giving 20-30% of that as affiliate commission to that charlatan.

Of course we cannot stop this just by discussing here, some idiots will continue to make such mistakes but those who will learn will survive in the long run.

The trust issue is real here and should indeed be asked by every trader because of the number of endless scams and rugpulls we find everyday. Staking on a wallet which is not under our control can shut down all of a sudden and we would essentially lose access to those coins. Like we say, not our keys, not our coins.

Definitely better to trade on those coins rather than waste your time on staking. You would be making good returns and cycling those shitcoins over time as compared to being stuck on a single place.

I could compare the bankroll investments that some gambling sites offered at one to staking. But they were far better than shitcoins.

Most people who run these signals group are scammers. They make a fool of the people who are joining these groups by telling them false facts and manipulate their views on some altcoin, which they are trying to sell. So they get a good price to sell at but the buyer buys at inflated price. The end result is same because the owners make money from the incoming investors while the latter is going to lose their money.

This is how every signal group works. Maybe the concept was not supposed to be like this but the scammers understood that it is easy to scam newbies like this and thus they propagate it.

If you already own altcoins, at the next altcoin bull run you should sell and not hold them for too long. Depending on how "recent" the altcoin is, because very old altcoins that have been here for years like Litecoin/Ethereum/DOGE you can sell a part and try to buy back at next bear run - while shitcoin recently launched should be dumped as early as possible on the next rise.

But I dont get why you are saying that next year would be a bull run, we cannot predict those and we can only hope.

Your question is wrong mate, no season is better but both times have their own significance to trading.

Bear market - the prices are down and the trader's mindset is on the selling perspective even if at a loss. This is the time you buy at a discounted price.
Bull market - the prices are up and the trader's mindset is on the buying perspective. This is the time to sell at inflated prices.

What the market thinks is usually what you should move against. Then only you can profit. What whales do is they try to manipulate the market to move in one direction so they can move the opposite in the background.

From the wife's perspective, she is worried about the future of their family and that is a normal thing. Watching the earned money get wasted by a member of the family leads to disharmony and this is not just the husband, often the kids grow up and they start doing things that cost money but are wasteful and then bigger problems come in the household.

These things often propagate, meaning the father gambling in the house leads to the kids watching it and then they start gambling with borrowed money from parents which leads them becoming addicted gamblers too. The lady of the house has to suffer all through out this and face the debt.

This might seem pessimistic to many readers, but like I said, moderation to gambling can be done and can prevent such a scenario.

Just consider an average Indian's monthly salary and compare the price of 1BTC or 1ShitCoin (substitute that for any one of those).

You will immediately realize that the cost of buying 1BTC is close to (or even more) a full month salary - how do you expect them to go for that when instead they could just buy tonnes of that shitcoin. After all for the inexperienced newbies, bigger number of units = more profits. They dont get it that bitcoin even in fractional amounts need to be accumulated and that 1BTC is a huge number anyway.

But explaining this to the younger generation who lack patience and the habit of doing back ground research is tough. Add on top the shitcoinFluencers and you have a hot cake to sell.

I havent had such a problem, but I have heard many families breaking down because of gambling problems and it is usually the male partner who is the gambler. Similar problems exist with chronic alcoholics and drug addicts leading to dysfunctional families. I dont want to compare these groups as similar but the effect is all the more same.

I think moderation is the key here and if done properly one can enjoy the fun in such activities while giving time to family too and then this type of disharmony could be minimized.

OP is doing the long term game of buying low and selling high, it is safe and easy to manage for a busy individual who has a job that usually takes up the day hours. It is also the method told to newbies as a starting off attempt in the exchange and their trading journey.

Keeping focus on a BTC/Stablecoin pair essentially means using fiat to buy/sell it, this is advantageous than using another altcoin which might be influenced by its secondary markets against other crypto. Although this choice will vary among other users based on the acceptance of stablecoins among the community.

I think most of the long term traders would agree with the OP but maybe not on the stablecoin part.

VCs are coming in for the profit not for the welfare of the rest of the investors. They do have lock in periods and these are never declared to public investors but only inside closed door meeting with the VCs. Once that lock in period ends, they dump immediately and cash out of the project. That is the major time when the project loses ground and the investors are left with nothing but dust because the projects rarely come out of that dump.

This has been the reality with many projects if you look through the history. One of the reasons why you should give a project a couple of years before investing and if invested early, exit early too.

I think the biggest reason is the nature of Bitcoin being decentralised and censorship resistant. The government tries to centralize the banking system while this is an alternative to it. The very easy of sending Bitcoin to anybody in the world without restriction comes as breeze of fresh air to many of us. If this is something we can propagate further we might see local shops accepting it then there will disruption in the banking sector.

This idea should itself be a big impetus to anyone new to this sector and is willing to invest in crypto. The profits from trading Bitcoin comes secondary to it.

Humans love to stay in a fantasy world where they everything at the easy with profits from altcoins as one of them.Bitcoin itself is one enough asset to trade on and they are burdening themselves with another coin. Very few newly launched altcoins have been making to the top ten list on aggregator sites and those have become long term goals for most people. The coins from scuh projects are often compared to bitcoin for their price but memecoins are nowhere near them.

If interested in memecoins please give them some time at least 2y time period to cover their shady activities and then put money on them.

Seasoned traders rarely have profiting streaks for long. But they keep repeating what they have been doing for years and not stop after seeing a bad trend or a losing prediction. Their consistency makes them different from others and it's not that are born with a bitcoin spoon at birth. The number of correct trades is not easy to say and it can increase with time and practice but is never hundred percent rather close to that.

I think we should focus more on being consistent and not consisten profits. That reduces the greed and also the bad habits related to speculative trading.

I think daily trading may not be profitable for everyone if they are not taking time to look through what went wrong with the previous trades. It's just like practice and putting in logs on how you are performing would definitely help if done correctly or dummy trading for that matter. Risk is equating to a reward but if done without experience can lead to fatal consequences and this never recommended for newbies. The ones who are taking risk and making money are rare and you should not try to copy them because there are a lot of background things that we don't know of, many of them are drowning in loans and those are only few profitable trades that they are showing.

I say cut your trade according to your earning. Don't spend more than 10% of your income on trading in total, these are not hard and fast rules but guides to help you come through.

Why work with signals when it is known that they are fake and only created to make a fool out of the newbies seeking the same?

Because the mentality of easy money prevails among people commonly there comes in scams that predate on such minds. One such is this signal channels and another fine example is the sportbetting picks. Both are easy to create and easy to cook up and then made popular on social media.

Newbies search for them instead of learning how to analyse markets and then get scammed through membership fees and buying shitcoins when they pump while the owners dump. It is an easy tactic to scam someone and difficult to challenge on court.

I think many people entered crypto in this forum for earning but many are there who have investments and are looking for the long term gains. Altcoins and others have only been here for short term gains. Memecoins have only been here for scamming it's investors to be honest. The reason they are created is for their owners and advisors to make money. They will shut down before you know it and you will be left with a shitcoin with non value or liquidity to sell at. If investors knew how to analyse the projects, it's team and their background they would quickly realise that th project would be a scam in a few months.

Trading on altcoins should therefore not be a method to make money rather a side hustle. Bitcoin trading can be a long term hustle.

Technical analysis helps but it is only useful in 50% of cases. There are day traders who trade on many TA indicators but the end result is mostly same as compared with playing it with Fundamental, more so because most such day traders don't make huge amounts every day but the cumulative amounts vary.

However social media should be treated with caution because the influencers often look for their own profits and not the interest of their followers. Staying in the long term is way safer and better than compared to short term and staying on TA. Never use TA for predicting because it will mislead you mostly.