Sorry to sound blunt here. How dare you weigh the quality of education you will get with investing in Bitcoin or any other investment? I don't know what country you're from and the official language (I guess it's English) but you don't sound learned enough to me. Your written English and thought process seem not to be better aligned. Why don't you invest in your education first. It doesn't mean you must make money out of your degree or not, but the quality of education you will get from such can't be quantified. Try it and you won't regret it in future.

The only thing I know that affects my trading is my state of mind, not any morning routine. I like to skip trading whenever I'm not in a right state of mind. If I'm stressed out, bothered or sad, I just completely skip touching the charts. On a few days I forced myself to trade I took loses. So, I steer clear and don't force myself to trade. To be a successful trader doesn't mean one has to be in trades every single time and day.

This whole idea of savings is even unnecessarily over hyped. I wouldn't keep something like the $50 you used in your instance out of the $200 or $150 for an investment. I rather invest the whole $200 once I'm sure it's cash I can keep after my monthly expenses. Look at it this way, inflation is on the rise. Any cash kept aside as savings won't appreciate. Rather it goes down in value. Banks don't pay much interest any more. So, why keep that aside then, whether in the bank or at home? Those who do that do it because they're scared of taking risk. Nobody grows rich by saving their money. People grow rich by investing their money, and by investing big!

Well, we can say it could happen if we took consideration that just a few would be able to do that. If you're referring to the generality of the people being able to use it as a primary transaction channel, I think that will be impossible. I ain't trying to be pessimistic here. Despite how popular the dollar and pounds are, they aren't still recognized and used globally. Bitcoin/cryptocurrency is more complex than fiat.

Contentment in life is an individualistic thing. I chose that expression very carefully as we all know that every individual has what tickles them. What catches the fancy of Mr A may look stupid to Mr B and so on. However, anyone with a modest view of life and its vain glory should understand that what matters most is living a life that cast peace upon one. Peace of mind is very critical. Family life is the best anyone can desire to have. Have enough wealth not to make you go hungry, take good care of your health and the rest won't matter much. Otherwise, one will continue to chase the vanity of this life until one kicks the bucket.

But of course, we should expect that price will continue to rise or be positive till 2025. It may not be a steady rise. We're definitely going to have price corrections on the way from time to time but it won't be something that will cast Bitcoin price in bad light. $50k won't prove a hill to climb for Bitcoin, considering the fact that its current ATH is 68k+

It's not a surprise that you're down, for those who bought last year bought slightly higher than what its price is at the moment. Don't panic, it's nothing to be worried about. Patience makes all things right when it comes to Bitcoin. My first experience of bull rally and its subsequent bear in 2017/18 was a frightening one. I couldn't imagine that at $18k+ Bitcoin could later dip to $3,200. It nevertheless still rose from that crash and hit $68k+ in 2021. My belief is that it will repeat the same thing it did in the past and new price will be set above $68k+

I expect price to go well past $120k in this coming bull rally.

Coven? Did I read something else different into it other than that which it's popularly know for – gathering of witches?

Yes, that's more than enough for anyone trying their hand on trading. I've seen cases where $50 was used as trading capital and those involved made progress from that.

If your mother in-law is worried about you taking out $200 belonging to your wife, it simply means you need to get your independence and privacy away from her or any other third party so you can concentrate on building a family with your wife.

This is why having a trading journal is important. If you've the strategy written down, as (is) advisable, then there won't be any point in throwing it away or completely forget it. It's there on paper, you only need to revisit it to remember what it's like. You can retest it even years later when you think the one you replaced it with had become faulty.

Yes, highly possible. In the past I used Breakout technique but left it because it was time consuming as it were. I would've wait patiently for it to catch a few movements. I revisited it years later and discovered my trading was better with it.

I don't understand why people would engage the services of bots to trade for them, knowing full well that the market is unpredictable. Bots don't have emotions and can't feel anything of concern. Even when it's obvious that market patterns and changes are sporadic, a bot may not be able to quickly make that switch. Also, there are bots that trade relatively well with up or down trend but performs poorly when the market is ranging.

– Leaving a bot to trade for one is making one vulnerable.

Expecting Bitcoin to hit $1 million in the next 90 days is hoping too much and stretching one's imagination too far. For me, it will even be a surprise if Bitcoin gets to $200k in the next bull rally to beat its current ATH which is $68k+. I know such FOMO is good for price expectation but that's not the right way to go about it.

That's a one sided and handicapped bet. I said that because we know (or I should think we all know) that price won't ever get there in 90 days. So, why indulge the bet?

What I do think, actually, is that you should remember in your momentary excitement that the same way Bitcoin increases in price is the same way it dumps too. On a serious note, price is bound to do well this year and the next one because of speculations around the impact Bitcoin halving will create. Price crossed $28k yesterday. I expect price to go well past the last ATH in this incoming bull season as it's customary for it to do so. Last ATH was $68k+

Your statement seems somehow contradictory. From the time you made that comment till now, Bitcoin had been in an upsurge. I don't know where the bear angle in your comment came from.

Nothing holds me back from investing in altcoin. In fact, if it will count for anything, I've more invested cash in alts than I've in Bitcoin. Those who are staying away from alts do so because they're adverse to risk. Investments in alts are riskier than that in Bitcoin.

Two days after this thread got started, Bitcoin almost touched that $30k level but narrowly missed it by $1,650. Though price is retracing now, I expect it to touch support at $26,200 before gathering momentum. We're still 11 days to the end of this month and it could even effortlessly zoom past it if no FUD sets in. However, whatever anyone does; just get on the bus before you miss it and go on a regret spree. The bull is coming.

But of course, that's a fact. Anyway, that's if one gets the set skills for it right before venturing into it. Anyone who is conversant with Forex Trading won't find Futures difficult, even if they're noobs in crypto trading. In comparison, Futures is on the speed lane while Spot is on the service lane. That's the way I tend to look at it. Even if one uses a very low leverage in Futures, one can still lose it all. That's not the case with Spot trading. One's coins stay the same when traded in Spot, only losing value which can be regained later. It's not that way with Futures.

No man is an island just the same way a tree can't make a forest. It's highly advisable that traders should belong in a trading community they find fit, despite how learned or professional they think they're. If they aren't learning, they will be teaching noobs. Knowledge shouldn't be hoarded. It's either one is giving or one is receiving when it comes to life (trading).

Yes, as a trader, I also belong to certain trading communities. Belonging to them doesn't mean that one will always take whatever trade calls or perspectives made therein. However, I'm better off being in these trading communities than if I weren't. They helped broaden my horizon.

Nope, there shouldn't be any disadvantages. One doesn't lose anything cross fertilizing ideas with others. Nonetheless, one has to be very careful to avoid scam groups.

Even that mindset depends on luck as against your advice for no one to depend on luck. That's a faulty syllogism. It's faulty in itself in the sense that there's no guarantee that anyone will become successful at anything because they're working their butts off. If it were so, the truck pushers and other unskilled labourers should be among the most successful people then. Perhaps if you're driving towards repeated practice at something to get the better and mastery of it, I can understand that. What comes to mind whenever I hear people say work hard is "work smart". I rather work smart than work hard and I know it's so too for many here.

Those who argue that one Bitcoin remains one Bitcoin aren't seeing from the momentary value it's equated with but from the literary perspective. We know that price changes from time to time and that's what gives Bitcoin its value. I bet those who bought and saw the price at the last ATH of $68k+ would tell you that they're selling in loss now if they do sell at all. It could be they bought below $20k then but will tell you they're in loss even at the current price of $27k+ because they saw it hit $68k+ and are waiting for it to touch it or anywhere close to that before selling. So, value doesn't remain the same. I don't agree to that.

Nothing can ever end poverty in the world. Despite how raw and unpleasant anyone will think that comment of mine is, it's the simple fact. Poverty is as old as prostitution itself. It's like imagining that anything in the world could end prostitution. The best any nation can attempt is to alleviate or reduced the level of its poverty, not end it.

Talking about Bitcoin and poverty, the poor are likely not going to be interested in its investment. Tell me how anyone living below a dollar per day will be interested in anything investment. They're more likely to be concerned with where their next meal comes from.

I read every line of your story and I like the perspective you shared. However, there could've been another dimension to the whole thing if everything had gone awry, don't you think so? I said that because I've seen both private and residential buildings burnt to ground zero and the invested cash gone. I've seen filling stations burnt down too. I've seen people's lands bought with their hard earned money grabbed by government and other grabbers. I've seen lands swallowed by flood and rendered useless. This is to show you that every investment is a risk. Have you ever thought that if you had gone into the taxi business it would've turned out better for you? It could be.

I remember when I was getting into this online trading stuff and family members didn't support it. They wanted me to focus strictly on offline doings. Today, I'm better off and happier that I didn't heed their advice. Sometimes, it's good to stick to one's gun. I'm just saying, anyway.