The fast way that bitcoin recovers from dropping is what should matter . If the price comes back quick after the drop it means fear is no longer having an effect on the market because of the season. At every drop, more buyers are ready for an advantage and that put price back as they are having the speculation for bull and nobody want to stay outside. So that is steadily giving price recovery as it is ranging since morning for a bull direction.

Politicians are the problem that the world is facing. They are double mouthed. They speak to favour government in power for favour, office uplift to be relevant to that particular government but after the government elasps, they grant interviews and you see them criticizing the government  They are the worse advisers of the government and because they see the difference in class status being narrowed from cryptocurrency investment by the lower class they struggle to fight it with the introduction of CBDC but because of their inept knowledge in blockchain and cryptographic encrypted technology they feel digital currency will
replace cryptocurrency.

No trader make a choice of failing. Every one wants to make profit. Except you saying if they don't research or plan very well then they can fail. It is lucrative with trade but needs proper care to succeed and that is why risk management is important. I have not seen a trader wishing for loss but it comes when we don't go the right way and that turns to failure but the first plan is for profit and that is the ultimate target of every trader.

I also want you to focus on this section of the platform because it won't be easy for you to interpret YouTube videos about trade so you can come here for questions. You do your research too don't just rely on YouTube or links that you get but be courageous to build faith in what you want. Many traders have lived with profit made from it and taken care of the family. Trading is lucrative but do the right thing and use stoploss.

Bitcoin is taking a turn around and moving gradually up at the moment and selling at $55, 788. Is looking like the new week is going to find a resistance back at $60k with the wave and direction of candles on a longer time frame. I guess there could be some positive move forward the beginning of the first week in December.

If op is talking about 2021 that litecoin will get to $600 by the end of this year, I can doubt that. Doubting that is because the price range difference is far alot to get there. At the moment the price of litecoin is $188.39 and how many more like $412 to get to $600. So you see I don't see this to be realistic and not sure what technology the CEO is introducing then. Litecoin is an old coin but has not really being creating hype.

Cryptocurrency is not stable in terms of volatility but I think fiat too isn't stable because it price in global market fluctuates too either in a way that it is not noticeable. You know there is inflation affecting fiat more and that decreases the value of that fiat that it won't be able to purchase as much as it was purchasing years back even the US dollar or Pounds, Euro have not remained the same and purchasing same value years back. During the Brexit, the Euro Pounds suffered against US dollar and just recovering now, that is fluctuation but some don't know this. Cryptocurrency is volatile though because of its uncontrollable volume , fiat too gets fluctuated from time.

The market certainly changes and we also need new ways to follow it up. One means that the market change is additional volume created and this may increase volatility. More traders are coming into the market maybe because of the drive to follow the trend of online business, digital currency and cryptocreency. Many countries too have started their digital currency exchange and marketing so we expect that things will change in the trading space, so better research and new ways will also help to better fit in the market. If we stay with our old patterns, we may have hard times making profit.

I see Op like expressing regret at the moment for not selling the little Satoshi he has in his wallet before the drop and that is giving concern not that he/she doesn't know that price will bounce back above $60k and more maybe within this year or next.

My advise to anybody caught in this season of unprepared or expected drop is to see their hodling as long time investment and with that they won't bother themselves on price by constantly checking on their wallet.

Another advise is that they may not see a huge bear market like in 2018 to 2020, times are different now.

How do you mean on this precisely. Are you saying here that real life businesses are free from risk? This is not true buddy because every aspect of our endeavour is risk oriented and that is why some days you profit and other days you lose. No man has profit every day or the same amount of profit every day but the amount of profit varies. Therefore, online business too has this kind of model what you need to do is avoid scam sites, learn more and research better. Life is a risky also but taking a better risk is better.

I really not understand a point you are saying here. How do you mean exchange that you buy cheap and sell them yourself when made profit out of it as if other exchanges don't play such roles. Other exchanges don't fix price but price is the interaction of demand too therefore no exchange would sell cheap coins outrageously because they don't fix price to be cheap. When will the exchange be out by the way ?

Lol being scary about investment especially online type of investment will not help. Online investment is a new kind of type that has opened up as opportunity for all and this an advantage just as op has said.

Trading is an advantage for online ethusiast , yes risky but you need to manage the risk because every aspect of life is risk and is it not a better risk trying to increaee your finance 

Our emotion is part of the risk we need to know how to manage because it is important to our phycology of the market and studying and charting out the market properly. For instance if we don't have balance phycology to know that we don't need to force the market to profit from it after we have lost, we can re-enter multiple times and lose. So it is better if we having a sound mind and emotion to take good trading decision. Newbies and beginners are always in a rush when taking up trade. They lack experience to understand the market phycology and percentage of risk to take in a trade.

I thought op would have included the name of the new variant of the covid-19.
Anyway I expect the new noise about it variant to push up price again because of the fear of contact that has bedeviled covid-19 from the beginning, so many may choose to avoid contact of fiat and convert to cryptocurrency and digital too


Well it is becoming a known traditional occurrence with bitcoin anytime it got to a new ATH. This can pass as more correction than a dump and buying like you suggested rightly is the best decision.

All that OP's fear is about the strategy that is in use. If he has a strategy then he can practice on demo or reduce his risk appetite to see if what he is seeing as opportunities to enter for trade are actually opportunities like he see them as it shows practicing trade result. That is what he should do for he affirmed to see trade opportunities so he should check it up with his trading style. He can't be scared all his lifetime to lose whilst profiting is being taken by many traders. Although no time is late for trading, making correction on strategy and being a better trader but he also need to start something on that if he has passion for trading.

People with low capital usually go for bitcoin or ethereum and some other top coins because the risk will be worth it. These coins are already established and have team and community that are under it and won't let it go down. But looking into new projects with small capital investment is risky. New projects are start ups that are still struggling to get foot on the market and may not be able to take the pressure and also competition. So it is a challenge to put money in low utility coins especially if you don't have enough capital to diversify incase one do not do well, the other may be.

You have raised some questions that probably other participants are likely to ask too. At some point I asked something like that and wanted to follow it up but I tell you it is possible to do or see in apps or something, it only base on your own determination to know the percentages you want to enter or you want to exit. This is good though, it will work like stop loss and in fact it will be a stop loss and profit gauge for you.

Mostly this can be very practicable when you are in a staking platform, you can monitor your profit easily because it is not volatile like trading coins. For trading you have to be fast in your calculations for some high volatile coins like bitcoin. However for your enquiry, it will have to depend on you to run out your percentage in calculating your entry and exit point.

They are both different things or type of trading. Hodling is not trading and a trader can also hodl same coin so it is not only for beginners to get such advise. However a beginner can desire to trade, he or she can therefore learn how to do that. Learning it is to know the level of risk involved in it and the elementary of trade. Emotions involved in it is important because hodling is far different with trading that carried fast volatility and high risk.

Being an investor should not matter to bitcoin or to the direction of where price is going or will go. We have to look within the chart to analyse and not being sentimental . The market isn't based on sentiment, at most we can speculate still with the studying of chart. Thinking like an investor is not practical but acting base on bitcoin activity is practical.

I find this interesting on how the poor is perceived to be shut out of the door of owning properties but this is in the past from the way I think and consider it. Yes large portion of the palliative money to the poor for covid-19 may have gone into necessity spending and not investment because they lack free money to invest but reasonable investment is now coming from the poor circle post covid-19 and this is because the growth rate for btc since 2020 is astromical and awareness too. I think that in the future the difference between the poor and rich may not be noticed as more poor people will grow into riches from cryptocurrency investment, trading, stock buying etc.