Scam projects use the hype in a bull market to promote their scams with people overlooking the common red flags because of the hype. Thing is that investing in the bull market is an overall loss, be it altcoin or bitcoin because the price will go down in the next step and then you will be in a bad situation - the bull market is rather the time to sell and profit and wait for the next bear run.

So going by that ideaology, we should not invest in new coins coming up during the bull market. But most newbies dont understand this and make the mistake of spending money on many such projects.

OP will surely earn even more Bitcoin in the next few years to feel proud of their collection of Bitcoin. It feels good to see that they could use their bitcoin to come out of a bad situation instead of getting stuck in it.

Now the only thing to make sure of is that they continue to find methods to spend their coins easily into their local fiat currency without having to go through much KyC trouble. That way they will not face a desperate situation but use their saved bitcoin to help themselves.

Never feel disheartened about selling the coins. They are money after all, your family matters much more than some mere cash and investments can always wait.

On telegram you will see these profiles with female picture in the profile and usually not in another group with you - raises the question how they got your user ID to contact you. This is because of you are in a group, predatory people take the user IDs from there and spam every one of those with tempting messages from a different user id, so the other one remains in the group as an innocent bystander profile, pretty much a sockpuppet advantage that telegram gives them.

You can be assured that these are all scammers so block them on their first message and never reply back, it is a waste of time to do so.

Of course it can but the real question is when not if. That none of us can predict and this we must have some fiat at hand ready to catch the falling coins when they start dropping. This along with selling at the high equals to a continuous cycling of money and hence we will be profitable in our approach.

You don't need to do much analysis for long term. You have to pick the correct price of low at the proper time and hold that for the correct time to sell it.

You cant quit borrowing, otherwise how will the banks survive?

Seriously though, we all need money in times of emergencies which is what borrowing should be kept limited to. No wonder the need for this has gone up and hence the influx of payday loan apps on app stores and its complications and consequences.

I think from a trading perspective, playing it safe with limited borrowing is a good habit. But for the real life spendings, we cannot completely be debt free.

EV Negative games obviously will be profitable for the casino owner in the long run. EV Positive games will be profitable to the player at times but not always. The gamblers often get swayed by that thought of getting rich such that the concept of logic goes out of their heads and they consider themselves to be at war with the casino and that perpetuates the house edge to catch up to them in an EV- game.

Most of the gamblers go in for the excitement that it provides but dont know when to stop and come back to the reality. It is addictive for someone who has a problem, but being able to quit is maximally going to profit them.

There is no strategy in an EV- game, it is all luck. For EV+ games, skills are involved.

I am always of the opinion that the government will never do something that causes massive uproar among the public because the governments also have to survive and getting mobbed at is not their first priority, rather being diplomatic is what they have always been.

However regulation comes to my mind here, because that is one method to track crypto transactions happening from a wallet or an IP address to geolocate someone if they wish to. Now I hope the governments do this only for tracking criminals who are rampant in this sector hiding in plain sight as common users.

This is difficult to manage and with KYC based exchanges this is tough indeed. But I am hopeful that such things will not happen.

A few negative users means discounted prices if they FUD the market, so that is good for us to accumulate, of course not sell - but then which one of us are selling away all their holdings right now? The ignorant people make the mistake of dragging the price down is when we can buy and then we will dump on them when they come in with new enthusiasm. This is what whales have been doing to profit.

We do need more users to join this sphere but only those who understand how this market works and thus have a strong holding game. Not the short term sellers who only see crypto as a mode of quick money and complain about it not going up right after they buy.

The old seasons of rise will not come back but expecting a specific altcoin to rise with this is questionable. Since the majority of the altcoins are reeling under after the long crypto winter, it is difficult to predict when they are coming back in action. This goes out specifically for shitcoins and tokens which are often having a smaller userbase than the legacy altcoins like Doge, Litecoin, Ethereum.

Even then it is possible they will recover at the break even price, but tough to say and the holding period gets increasingly painful for the investor forcing them to just sell at the loss and move on.

Thats what experience has taught me, the older users of this forum have all invested somewhere sometime in some altcoins and they have only lead to a deprecation of the asset in the long term instead of going up, unlike what an investor would expect. They did spend time to hold and be patient about it but the project either shut itself off or ghosted its investors. In any crypto related event you can find these altcoins showing off their new product and their token or coin, but be assured that it would never be the next bitcoin.

An event does not change the public adoption, most people go there to have the free lunch or meet with some potential investors to get money. How you use bitcoin and protect your identity is your own choice and it can be done if you are clever enough.

They just need to understand how to keep money safe in the form of crypto and what measures to take in order to not accidentally getting scammed. After that just buy and sell high, how hard can that be? Actually it is tough that is why people lose more than they make in trading.

Physical currency not being high is a temporary thing that can change, should not be the reason for crypto trading. Today USD is lower than bitcoin, but the average person gets paid in fiat not bitcoin - so for them 1BTC is a huge amount usually not affordable in a single salary payout.

Trading is not for everyone though, those who end up losing money even after playing it safe are doing something wrong and if they are unable to identify it they should move away from trading.

Doge can become big in a long term outlook but there is no guarantee that it will be this big after so many years, so I cant suggest any amount or period to buy in. Another celeb might come in and make it rise like anything but the real long term value is still limited.

It has a brand name because of being a "bronze" to bitcoin with litecoin being the "silver" but today its use in commercial places is limited but has a good userbase to look for support in.

You should buy in if you are feeling lucky and have the patience to keep that money trashed away for years to come hoping for a 10x gain.

Predicting bitcoin to be 59k USD is one thing but holding on to that from a very low buying price, say three digit is another thing. Most people cant see it through unless they have the patience and a second source of income to keep all the bitcoin intact for years without selling a single satoshi.

Just keeping the cycle going on your portfolio is the real thing, with that you can forget about what is happening in the world and continue to increase the total amount of bitcoin in your hold.

Dont fall for the altcoins roaming around everywhere, they will only lead to small term gains and you will have to suffer the deeper losses when they drop.

Day trading without a day job at hand is like running a motorcycle without having insurance. Your day job is your daily "stable" income, there can be no alternative to that. Day trading will never be a stable income but a up and down cycle, sometimes earning big amounts and sometimes incurring losses.

If you think what you said is correct, there would not be no work-frustrated person in the world and everyone would be trading and become rich.

Day trading draws a lot of your time and effort from you. You would be spending more time analyzing charts for daily trades than spending with your family. Not sure where you are getting the wrong idea.

You might hate your boss but trying being the boss for one day and you will realize how tough it is.

I choose 0  since no one has taken that yet.

My proposition is if I win, distribute the winning amount to everyone who took part in this raffle proportionately.

My bitcoin address - bc1qyhhkhdcml6cfzsjk3wm42jezu689f3mghh3lea

Hoping to see more people join this section soon.

Sorry to hear that, most altcoins are like that only and you have to move away from them. Dont invest any more in them but focus on bitcoin. Use the rest of the money to invest in stuff other than cryptocurrencies like stocks, commodities and other traditional assets. You will get better returns there than from altcoins.

Of course no profit is every guaranteed, you will face ups and downs in every sector but you have to weigh how much risk you can sustain vs rewards.

I am certain that every person here can profit if they do things like risk management properly.

The bear market means less investors - or better to say less victims to scam on, because these projects will always get the investors to waste money on them while they deliver nothing. Some people want to take the risks so its fun for them, eventually the fun runs out when their plan backfires and the team ghosts without any signs of shutting down, abruptly.

Hence it is wrong to bet on the new projects or when they will come out. They will be the source of frustration in a budding trader's life, just like casual relations are the downfall of the current generation.

It is just like starting a new business mate. You don't see people go to every new shop that opens but sells the same thing, do you?

That is why they start promotional content and giveaways in order to draw out the crowds, a marketing that is necessary to kickstart a new casino. I think bringing in celebs to do some promo talk and giving out some free coins is a new mode of advertising than the older method of banner ads.

Nowadays influencer marketing is also very popular since they cater to a lot of people who gamble.

For the owners this is a big headache but once you get into the flow you will grow your own userbase and they will bring in more members though affiliate or word of mouth.

Tell them that Bitcoin is censorship resistant and decentralised. It's total supply is limited and hence it has a deflationary growth of price making it a good long term investment. Show how it is sent and emphasize on the ease of sending and the lack of paperwork or searching names for that.

Even then you will not be able to recruit every person into bitcoin and you should not try that either. You will end up being blamed for their losses and they will hunt you down. If they show interest on their own, only then guide them.

They also drop or rise as per news on the market. These is perpetuated by the weak hands who have loose faith in the asset and are only here for the short term gains, not the long term profits. The same picture is seen in Bitcoin traders and here is lack of faith is even more prominent because of pseudo-anonymity that Bitcoin provides.

We could see this occur if you observe the market well but we should use it to our advantage in order to buy at low prices.