I think that is still quite big movement, sure it is not going to collapse on itself and that's a good thing but that doesn't mean that we are going to end up with zero neither, we are going to end up with a big movement. So when bitcoin moves 3%, you may move 30%, instead of losing all 100%, you are losing 30%, but at the same time instead of earning 100%, you are losing 30% as well.

These are the differences and that's why it matters. I still prefer regular old spot trading ,buy bitcoin and sell my fiat, and sell bitcoin to get fiat, that's it. These days it is mostly done with stablecoins of course but I can still do it with regular fiat as well if I want to, there is no need to put stable into it at all if I do not prefer to use it and just want to do regular fiat.

I wouldn't want to be that hard on him, everyone has their dreams and sometimes it is not going to be realistic and it is not going to even make sense and maybe make you laugh, but don't do that on their faces . It's normal for kids to think that the whole world is theirs and they can take over if they ever wanted to. I mean remember what happened when you were 15-20 years old? The whole world looked like it would be yours, and you could do anything you want.

I remember being "I will make the next facebook!" because at the time facebook was famous before 2010 when I was a kid, and today I am 30+ years old and look at myself as this kid, OP is the same, and I feel like it would be fun to just support them and let them grow themselves, it is only what we can do.

Such a true word, that is definitely the case without a doubt and that must be how it is most of the time. I believe that people are acting as if they are going to make something that matters but the reality is that strategy is only half of the topic. If you are not careful and if you are missing even one small thing, then you are going to take a lot more risk then you should.

This is why it's important to just focus on what you can do with what you have and not what you do not have. I know that people are focusing a lot more on making profit side, but they should start looking into not making a loss side as well. When you focus too much on the profit, you will not know what to do when the loss occurs and that will bankrupt all of your portfolio, always be ready for anything.

I think thats true though, XRP will not return to ATH ever again due to the fact that it's security and not a coin. People could act as if it is a coin, people could trade it like it's a coin, but it belongs to a company and that means it's not going to be a coin. Which company bitcoin belongs to? which one eth does? None of them are, BNB belongs to Binance and XRP belongs to Ripple, those are the biggest ones.

We should realize that this comes with a risk and Ripple has been at risk for years now, Binance is getting there too recently but it is not an American company so they could just seize operations at USA and continue, XRP on the other hand has so much network in USA that they make their profits there mostly. So, it is hard for it to go back to ATH again.

I think the difference between the altcoins is the thing that confuses a lot of people. ETH is considered an altcoin as well as Pepe, do you think that they are the same thing? Obviously not and this is why "invest into altcoin" could mean something so different in people.

I do invest into eth, and even bnb right now because I think it's undervalued after what has happened, but that doesn't mean that it's going to work, maybe I am wrong and maybe I will not make any difference at all but that doesn't mean that I will be able to just sit by and watch it go down when it shouldn't. In the end we are going to see it do well enough and maybe I will profit from it when the time comes and that's how I interpret investing into alts, not everybody seems like they would do something similar.

I think it is not nice to call them idiots but unfortunately there are too many people who worry whenever there is a drop, that hasn't changed and I do not think that it will change anytime soon. People see bitcoin fall and they just sell. This isn't just the case in bitcoin, same goes for stocks as well, there are too many people who sell the exact same company whose shares they bought a few days ago, just because it went down.

The company is literally the same company but the price falls and they start selling as well. Bitcoin is quite similar, it is the same bitcoin that worth 68k and the same one that worth 16k a few months ago, and today it is where it is right now. This is why I believe that we shouldn't be really judging people but that doesn't mean that we should be caring about it.

I think it is important to remember that what it will do and what it should do are different things. I mean it should be keeping that as a big support and it has been like that for a long time but the crypto price is something that can wildly move and it will not listen to what the market says sometimes. Even if none of us sell, there will be people whose shorts expire and sell which cashes out and drops the price, triggering all kinds of stop loss orders and selling points.

This is why we shouldn't really be worried about it all that much, it shouldn't be this low and it will recover and go back to what it was quickly. Just like how it went under 26k and then quickly went back above it again, that's how the market reacts when it does something it shouldn't have done.

I think that question should be asked to SEC and not that user. I think it might be true, as in they have probably withdrawn money from the vaults of binance and used that for investing into other things. After all where else CZ could find money they could spend? It is not going to be that simple and we all know that they are going to end up with using binance money and that is alright because that's his money as well, who could tell him not to do that, it is his money and he can do whatever he wants.

Right now, if this is actually the case of course, they are going to see if he used our funds for it, or if he took out his own personal profits of the company from it. That's a very serious discussion considering their audit situation, if they can audit well, then it should be fine.

I think there won't be too much, coinbase is not a big deal and it will not be punished. First of all it's an American company, meaning there are a lot of American money in it and it has to be doing something quite big in order for it to drop a lot, and to think that it will not be punished is not naive but realistic because SEC would do something that would hurt so many Americans if they actually did something.

So, why are they looking into it? To make it look like it's more fair, they are looking into Binance right now and the .us version is getting the short end of the stick, so if they did that to Coinbase as well, even if just on paper, then it will look like it has nothing to do with foreign investors, because if CZ gets punished without any other company, then foreign investors would think twice before entering USA market.

FTM was one of the top and old coins so it's not really that surprising if it will rise. Maybe some are surprised because other old coins are not doing the same or it was still early for a bull run for them to move like that however its kinda normal that some new coin will unexpectedly rise due to hype or some kind of manipulation but they can just come and go so investing on them after their break out is not recommended as we can only get trapped but we should not worry if we do that in coins like Fantom.

So, go ahead and work on your due diligence and then buy something as addition to your existing coins. Just keep in mind that most cryptos are volatile so a continuous rise might still not be possible even for the good coins.

What you exactly mean by gave up? You give it to someone else? But that was still a kind move. Maybe those people you give your money to were badly needing it. Those people must be thankful for you and they might pray that more blessings will come to you. Don't totally feel bad about yourself because I know you are not alone with that problem.

It's just normal for a young person to care less about their future but all that matters to them is to enjoy their current life which was great because once we move in the adult stage, we are now going to be filled with obligations. Did you know that some adults are regretting because they became too serious in life when they are still young?

I think it is quite important to remember that professional ones have a bigger bag to consider, and that's how they make that money. I personally believe that if you give me 500k dollars today, I will become a good trader too, not that I would turn that into a million dollars, but I can do 10% per year every year and that's not too bad, not great neither but definitely not too bad, wouldn't get fired in most cases.

Unfortunately there are too many people who think that they could double that in a year and those are the newbies, professional knows that if you can make 25% return per year, that's going to get you rich no matter what, that's an insane amount of profit to make per year, and yet newbies think that's nothing and won't be enough, well if you invested 1k, then yeah it is not too much you are right but professionals have bigger capital.

I think it's alright, you may need money if you invest into gold or stocks as well and they could go down too, there is no guarantee that it will not go down and we should all be expecting it to change one day or another. I know that it will be alright if we invest into bitcoin and it goes down and we suddenly need money as well, so we will sell when it goes down and that's an upsetting situation.

Yes, we do not want that to happen but we need to remember that same could have happened whatever we invested into hence it is not going to be an issue. But at the end of the day we should be all considering bitcoin as an investment that would be better than other investments, doesn't guarantee profit but it also doesn't mean that it is worse than other investments neither.

Let it be whatever it is right now but the reality is that we are going to get over that again anyway. I know that a lot of people are wondering when that will happen but it is going to happen in the future and we shouldn't be worried about it neither. I know that price is bad right now, but binance is a global company and not based in USA right now, so they can be investigated as much as you want, and it will not come to any serious conclusion.

At the very worst case, CZ will never go to USA again and I doubt that matters to binance as a whole, just him. Binance.us could be at risk but they could just close it all together and americans will continue to use .com anyway and I believe that we should be seeing the price recover. Whenever it goes up, they just do a FUD about binance for some reason.

This is why I always suggest working in the business you want to start in at first. That means you are going to end up with something much better understanding of the business before you do it. Doesn't matter how big or small scale you are thinking, from a simple cafe to some industrial machinery, it doesn't matter what you want to do, and the position obviously matters because if you are working for a cafe, then being a barista is better because you get to see it all of it, but when you are working at a factory then being in charge of just one machine means you are not going to learn more about rest of the business.

So all in all I am guessing that it is going to be a tough business to start but you need to first get a job in the field so you learn the mistakes of the industry a lot earlier on.

I do agree that gold and bitcoin has a similarity in that sense, bitcoin and fiat has a similarity in the sense that we spend them as well and we do not spend gold. So, when you think about it, bitcoin has the best of both worlds, spend like fiat, save like gold and you have it digitally which is much easier to get considering the other two as well.

I believe that we are going to see bitcoin grow up exactly because of this reason, because people will keep on spending it, and will end up at the hands of people who want to save it eventually, leaving less and less bitcoin available in the market so people will have to spend more to get it and the demand will go way beyond the supply so in order to balance it we will go up in price without a doubt.

Right now in my country getting a loan is a very tough thing, banks do not give out loans all that easily because of the inflation, they know that if they give you the money then you could even get like some brand new iphone and sell for higher later on and not only pay the debt back but also profit, it's that simple. That's just an example do not do that for real but that made getting a loan pretty harder.

In the end school diploma, salary proof, and no other thing you could get even come close to the fact that we are going to end up with anything that will be allowing us with bank loans if we are not asking for what would be small for us, something big has way too much risk that the banks do not want to take into consideration at this moment.

This is such a sweet and simple example that would make it understandable for a lot of people. I have never seen anyone distribute free money neither, any fiat, you earn it and there is no way that you can get it for free. Sure there are airdrops where you are given 10 cents at max, and this screwed with peoples minds that crypto has people who give out stuff for free, I have seen as high as 5k dollars given out on casinos as a rain, because some whale won something big.

But that doesn't change the fact that you are not going to get free bitcoin, never. Too many things in crypto confused people, but this good example is enough, nobody gives anyone free gold, so why would they start giving out free bitcoin? They do not do either of those things and they are both attempts at scamming others.

Obviously, it is because we have stayed on that price for a very long time now but in case the price fell off to $21k, I wouldn't totally say that it was a disaster since it was just a $6k drop and there are much worse than it e.g a $15k or $10k drop but people will just use to it eventually and will realize that it was a special opportunity given to them. Don't worry, the $36k that you assume is only easy for BTC.

Remember we already crossed $30k last time but even if not $36k, let say $35k is only the max we get for a while, I will still consider this a bullish move. A real bearish move is when the price moves in a downward position. There are inflations but I think it's also the reason on why people invest in crypto.

I think it's quite normal for people to not be aware of bitcoin, even in this world where crypto is wildly adopted and there are tens of millions of people who use it, there are still billions who have no idea about it as well.

However, I do agree that it would be pretty difficult to mistakenly get any, it's something that requires a lot of work to get, I mean not a lot of work but certainly not easy enough that you will mistakenly get it. Even in fiat there could be someone who dropped money on the floor and you could pick it up and mistakenly have money, crypto doesn't even have that. So short story long bitcoin is something you want to buy if you want to get it, that instagram kid definitely did the right thing, I hope he keeps it after showing it off.