I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.
Well there are good arguments on both sides. On one hand, the long-term outlook for Bitcoin remains very bullish as adoption increases. Even major institutions continue entering space, and trends like halvings may lead to new all-time highs over the coming years. But on other hand, factors like the upcoming Fed meeting could continue to bring volatility in the short-term.
I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose.
So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.
So this is another best time to buy , dropping to 65k again and yeah slowly growing since last night and with the price closing to 67k again maybe we should consider that the correction is over now and anytime it will spike back to 70k and maybe to beat 75 thousand dollars finally . I do agree that while we are getting closer to halving, it would make sense to make as much profit as possible, there is really nothing wrong with that. I get that it may look like there is something wrong with the situation we have right now, but if we keep this up then it is going to be quite good in the end. I personally believe that the best way to go would be just making sure that we end up buying more and more, if we can do that then the result should be fine and we could make some profit from it as well. I believe we are going to end up with a greater return, and that means it is going to be something that we could benefit with time. This is of course only because we are looking at it in a decent manner and trust the price. |
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Traders who are afraid of experiencing losses are traders who do not fully understand how trading works, all traders must have experienced losses either because they were inexperienced or made the wrong decision or also because the market moved in the opposite direction very quickly. Dummy trading helps to minimize these losses before real time trading begins. Most people dont use it at all or are not patient enough to do it. In trading one will always face some losses. But speaking of spot trading these are only conversions of one coin to another and hence you always have some asset to sell in the market. In futures and margin you will completely lose money if you dont know what you are doing with it. Hence spot is always safer than the rest. But the risk takers will prefer the other modes. I already heard a couple of negative feedbacks about this dummy/demo trading. They say that it doesn't offer real-life trading experience, and that... This might be the reason on why a trader can skip it, apart from what you said there of being impatient. In trading, only the newbies can always face losses but the more experience they gain, the more the profits they can gain as well. I think spot trading in crypto and other financial markets is not the same as simple trading we do outside. We might get an exchange for what we have traded but the question is have they retained their value? It's good if they are increasing but what if not? Spot is safer than the other types of trading but others might offer more profit potential. No wonder, why many are trying them even if they can lack in experience. |
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What if you didn't hit your SL on your first or second trade? Anyhow, we've seen how dangerous Martingale System is in gambling, and if you adopt it in crypto trading? Same result. So I guess there will be traders like you who might want to take that risk and try, that even if you win, the profits is still not enough for the cumulative losses that you incurred. But if you insist, then best of luck to your strategy.
I suppose that traders using martingale are assuming that if they were to use a strategy which had a positive expectation, then martingale could become viable and it could make them money, unlike with what happens when that strategy is used as a betting progression at casinos. But for their misfortune this is not true, even if a trader could win more trades than the ones they lose, if they trade for a sufficient long period of time, that should be enough to lose enough trades in a row, which will cause them to bust their account. Positive expectation is nothing but a positive expectation alone means, there is still a big chances that it might not work. Martingale will always be martingale, it doesn't matter on what activities you will use it. There is a time that you will face a really big risk if the losses continue more than the wins, this is why it had a bad reputation and was not advised by the experienced people who once used it. Trading is still different from playing a gambling inside a casino where the owners had more advantages than the players because in trading, our performances will only depend on us. So if ever we are using a good/working strategy, it will also allow us to earn a better profit. |
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To an average person, Bitcoin is still probably not well-known, considering that less than 5% of humans actually have any experience with Bitcoin. So it's just a name of something associated with hype, high price, probably also with scams and other illegal activities. If people turn to it because of the potential profit, it can be a symbol of hope for a better future, but that is also a risky attitude because Bitcoin is volatile and largely unpredictable. There's no guarantee of success, and that's why people should manage their expectations and be ready for unfortunate events.
The bolded part is what most bitcoin evangelists forget about bitcoin, that it's a volatile asset and at the same time as you've said, not that popular to more people and that if we account it with the total population, the community is just a smidge. I think that the only way towards the heart of common man when it comes to teaching them what is bitcoin and many other things related to it is if we just teach them everything that they need to know, positive and negative aspects of bitcoin don't matter, that way we can see who will risk it and invest in bitcoin and who won't and at the same time, you would be less liable from blame from these people because you've warned them of the volatility and the negative side of bitcoin and they still willingly got in and invested to it, of course you still have the responsibility to guide them a little bit but other than that, you're not liable and at the same time it will help more people and when it does, those people will do the thing that you've done, it's a chain reaction. The one thing that you can never forget should be the fact that we are talking about short term when we are talking about volatility and risk, not long term. A lot of people fear and sell, that would be understandable, and that's a wrong move which I do not support at all. However, if we are talking about a situation that is getting better and bigger, then we could start to talk about something different. If you want to hold long term, like look at it for a 5+ year perspective, then we can consider it as a great investment, because even if you buy bitcoin at the peak of the moment, in 5 years time it will still be higher, take ANY moment in time, and put 5 years into that date, and bitcoin is always higher, that's the important thing. |
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Personally, I wouldn't be risking carrying my steel seed phrase backup around. I don't even think such a thing is for you to bring anywhere you go.
We don't know mate, maybe he is trying to migrate on a new location? If not, yeah, it's definitely a worse idea to carry it anywhere at all times because we can lose it even if we pass the inspection at the airports, mall, or somewhere else... A scissor is a sharp thing and it is not allowed in some places but I don't think a steel wallet are designed to be like that because maybe the designers of it realized that issue already. For me, that's the kind of backup that you would want to bury or seal on the floor under a tile or on the wall
Thanks for giving me an idea. Now I will check the floors and walls to see if there is a hidden wallet  , just kidding but odd locations like that are no doubt more unpredictable than if we place our wallets in a vault and other common locations. There is also an element of surprise like the ones I watch on a TV where they saw lots of money and a land title when their house are about to get destroyed by an auction unit. |
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I believe nature is fair to all and while it gives some people that quality, others can bank from these brilliant ideas and bring it all to reality by supporting the ideas with the needed finance, resources, and coordination required to have a successful firm.
Nature might be fair, but most people who do that aren't fair because what they do is they take the ideas from people who aren't able to convert them into reality, use the resources and everything they have to bring those ideas into life but don't include or give credit to the ones who the original idea was from. I have seen this happening on a lot of occasions where one person shares his business ideas about what he wants to do and another person listening to that steals the idea and starts the business before that person could do it. That isn't fair, is it? I believe people who tend to have a lot of great ideas and plans about businesses or anything can't bring them to life because of a lack of resources like having enough money to fund the ideas or have any reach or anything to get things started if it requires legal processes and everything, but on top of everything, it's mainly all about finances. |
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How do I get it?
OP, you stylishly left a telegram link so you can get people off here to a place that might end up exposing their safety. Even the other site address you left here is suspect to me. I'm not sure how many users who would want to click or test those random links you put out here. I'm not saying what you're advertising is a scam or not but it's going to very hard getting people to trust you on that and the links you've supplied. I'm not one to experiment with random links from untrusted sources. Forum is not really strict with these schemes and if ever there are greedy people who are interested with it, it's already their responsibility whatever happens to them. There are descriptions before he placed the links. That makes it obvious if what are those links are for. Not that I'm interested but I got curious to check them out. I found that the group only contains one token and it was the same token here. I really thought it's a group for many tokens that are being pumped and dumped because of its name. The other link is a swapping platform called Jupiter. Upon clicking the link, I got a warning about the token but this seems normal if the token is still new. |
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I don't think so, memecoins right now are risky, you don't have any basis or use case, they are just memecoin. So if you want to take the risk or gamble, then go for meme coins.
Right now, what we are talking about is a project that has use cases, Wormhole project is big and useful to everyone, it's not a joke.
Not only now but they are always risky and there are some meme coins who tries to pretend like they are a normal crypto because they try to have other cases but I think they still ended up being a failure. Investing in any crypto, whether a meme coin or not, is a gamble because all has their own set of risks but obviously meme coins will always be a bad choice. Anyway by hearing the word wormhole, it reminds me of an old crypto project (not a meme coin) which name is similar to that but that one didn't survive long. Maybe this one here is still different and can truly do better. Who knows? I won't be looking into any projects on Solana with utilities. It's a bad choice as the current market is of meme coins and most success stories are coming from meme coins that are using Solana network. For me it is better to invest in a meme coin at the moment than in a crypto that is trying to improve a blockchain like Solana.
Why not? You know the hype of meme coins are only temporary but those coins with solid utilities are long-lasting. |
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Not only controversial but dubious now you have to defend yourself by showing us your stats and it better not be edited and verified to be true, I'm struggling to win in casinos but I never thought that it's possible to be in profit in almost any casinos.
At least he already admit that it was controversial, unlike to others that they only write convincing post to attract as much people as they can. Proofs must not be edited and if ever they are, then it only shows that the claimed service is not legit. There are wise users here who can detect them, so they better not attempt to because they will only get exposed here quickly. Most of us are struggling to win, maybe because we are not skilled enough if we are playing skill-based games. If it's luck based games, it's normal to have a less chance on them, unless if you know something like hacking the game but that is risky and unethical way to earn. I've seen this so many times and those who posted this are always marked as scammers and our hunch is always true.
You're a full member you should know better, yet you're posting a deceptive and dubious offer.
If they don't hide anything they should post more information in the forum than in Telegram, although no doubt that Telegram is a better way to communicate. I know OP is not shady like this before. I don't know what he ate on why he suddenly acted like this. Hhmm.... but stay safe everyone. |
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Yes, definitely there should be certain rules against the players from making bets tho, it's likely possible they can do it without being caught, who gets involved and was caught is who they considers a victim of law breaking. In every sports I believe their is every means deployed by this experts to make the game look not rigged whereas an under ground work is being carried out. We as gamblers may not be opportuned to detect all this, we just stake or bet under probability and waits the outcome.
There are rules that are imposed already but it's just that there are only players who sometimes don't abide them because they think these rules sucks and they think they can gain more advantage if the play outside it. Maybe there are some who are lucky and skilled enough to not get caught but we can only wish they will get busted next time so that the competition will get fairer. Verified legit betting platforms are not rigged but sometimes we bettors are only paranoid to think they are like that, especially if we experience to lose a lot. Whoever is found guilty should be severely punished, for misleading gamblers who staked their wins on him, with some months ban and a fine.
Indeed that those who are guilty of committing a violation should be punished accordingly so that other's won't follow it anymore or their rates will only get lowered if stopping them completely is not possible. |
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In your case, how do you approach when you are on losing streak so badly on specific game. Does changing game works for you?
Changing the game works but depends on how I looked at the difficulty of winning at those games per game provider. There are games that after you've won a big amount, won't give you another taste of it even if you stay loyal to that game. There are games providers like that. In the case of games that I already experienced winning but am currently, on a bad losing streak, I will try my best to stick with it for a long since I already experienced winning big several times there despite losses on the way. Like it testing my patience lol. There are factors that affects our chances of winning but the ones that matter the most would be the luck factor and it can come randomly, so be sure to come back on those games you think are not giving you a win anymore because they might give you again this time around. It is only normal that big wins come very rarely and if you are a casino owner, would you like to make your games more softer? I am sure you wouldn't too. The best method to avoid a losing streak is to relax a bit from gambling. This is proven and tested already by many gamblers including my self and the longer you don't play, the more the luck you can recover. |
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Bots that are used to answer questions to consumers in market place accounts do have limitations and not all of them can answer if it is not about basic things about the product that we have inputted data and we entered into the program, they will not answer correctly as a whole. I often ask questions to shops in the market place about the products they sell and I ask questions that I want to know but the bot does not answer properly.
Whether or not it is effective to help marketing depends on the scope of the bot because it is not open source like other AI that has larger data compared to bots like that, marketing in the digital era is quite broad and we can basically use many things to support the market that suits our target with the many social media that offer advertising services on their platforms it is much easier.
This is why there are still what we called as customer representatives and they are real humans (not bots) to be able to answer those harder questions. Some only have manual and the question will only be turn over to the admins later on. Patience is only needed there but some who don't have it, find it sucks. It's a turn off for them, so they ended up transferring to the next platform and hoping that it will now be better. It's better for the bot to be open source so that it will be improved and people will have more trust in it because they can see the code written inside it but that is if there is no suspicious things inside it. Bot must be one of those advantages or tools that can help us in terms of advertisements. |
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but the next problem is that the authorities usually don't want to deal with problems like this, because they think that cryptocurrencies are not in their jurisdiction. they are too bothered to track it because from the start they have been warning people that getting involved in cryptocurrency is risky. so when you lose your money on it and report it to the authorities, then they will turn around and say that it's not their job.
It depends on where you live, if you live in a country where cryptocurrencies are still in grey area or illegal, then you're correct because instead of recovering your losses, you might go to jail due to law you broke. There have been many news that the police caught scammer using cryptocurrencies, so the police and authority already know cryptocurrencies have values. Well, to be fair it does leave the security concerns to the person himself. If you are worried about the fact that some scammer could sweet talk you into giving your money to them, yeah you should keep using fiat. But that is literally accepting the fact that you are gullible enough to be scammed and giving your money with your own right. But, there is also a benefit that nobody could take your money without you sending it to them, whereas in fiat world you could have a situation where it could just be stolen from your account, they just need your credit card, a physical thing, and they can steal a lot of money from it. So to say that crypto is riskier, is just to say that you have absolutely no trust in yourself at all. |
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It’s not gonna be in the next 5 years, I am quite sure.
There is always that possibility of bitcoin going beyond and while $1M sounds huge,
I am optimistic that bitcoin will reach that but I don’t think it’s gonna be that fast.
I’m confident with saying at least 15 years more until we’ll get to see some signs
pointing to that direction.
There are many things that could happen that could drastically change bitcoin like adaptation from the government is one.
Yeah, I am guessing another 3 cycles at least. So, this year we will have a halving, then it will go up, in 4 years we will have another, which is 2028, and in 4 years after that we will have another which will be 2032. So considering it is a year later that we peak, 2033 could be the year we could see a million dollars. This is of course just an estimate and I do not have any real data, nobody has any real data, we are just making sure that we know what we are doing and not really putting up any trouble at all. We need to consider that things are not that simple, or we will have a lot more trouble if we keep thinking that we are going to do better. I personally believe that we can all just make assumptions, that's it, and this is mine. |
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I think we shouldn't be expecting a correction after the halving event but before it. We are still about two weeks away from the halving event, and Bitcoin's price has already dropped below $70k which was the price from the last few days. I was thinking that if it went above $71k, we would see another new all-time high before the halving event, but if it dropped below, we might see it correcting itself in the next couple of weeks.
So now when it has dropped below that range, I'm expecting a dip or a correction from this point, and the market will start going up again when the halving event is near and once it is done, we will probably see the prices rising once again, marking the beginning of the second part of the most anticipated bull run.
I do agree that dip has been expected for a while now, but we are peaking at 70k again. The difference between previous halvings and this one, which even see it break over all time high as well, could be the ETF situation where thousands of bitcoin is bought everyday by those companies. I do agree that it is not going to be that simple, and we should probably consider the situation to be sensitive as well. Think about it, it should have been much lower if we expected a historical similarity between all halvings, but looking at it now, it is above the previous all time high at this moment. This is why I think it is quite important to realize that it is not going to be too simple, and we need to make it work one way or another. |
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This is really good price action, its built a whole scaffolding area in these recent weeks and despite the negative sells the recovery on each of those lows is higher each time. We could be building that scaffolding just play hangman I guess or it could rocket up from here. I have too much of a negative slant to my personal bias because I always believe we are stronger once we go back to 50k and lose the sellers, shed those and then you really do have the strongest bull run. I know most would prefer for us to just go straight up but Im more the type who believes in hammering steel is not a fast process, strength takes some time to achieve.
All the highest prices people are talking and estimating has to be will require the strongest of foundations. I would prefer that occur not the fast up and fast down scenario, I dont want fast up and 2 years spent languishing after thats not really the best outcome. Though of course if you can buy on the lows, that is the best advantage later so every price I see as valid in its occurrence and necessity by the market forces.
Yeah, we are reaching lows for a short while, but then we end up with a greater return and a big increase. I personally believe that we need to consider the ups as more important because we do recover from each fall as well. I get that we may feel like we are left alone to fend for these lows, but there are huge companies like ETF ones, such as blackrock and all that which is helping us during this period as well. I believe that we are going to end up with a much better situation without a doubt. I believe that the best thing we could do right now would be looking at the situation and consider that bitcoin will recover and peak even higher, we just need to give it sometime to get there, probably will happen after the halving. |
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It is important you do not brag about success. Don’t share how much you have with others.
Nobody keeps secret forever. There's always that one person we find a way to confide in. There's always that person who shares our dreams, foresight and aspiration. However, while talking about our success we should be mindful not to reveal all. Keep your jokers to yourself. This isn't about sharing it with your spouse or your parents, this is about online and you can keep it a secret forever online. You just do not share it, it is that simple. Some people do not have anyone in their life, not many friends, maybe not even any friends, not parents, not a spouse, they are lonely and they feel the need to get that acknowledgement online so they look for social media, that is usually who social media was created for. And when you think about that, you will realize that it is going to help with those peoples morale, but also if they share it there, because they can't share it with a loved one, they will end up with a situation that will not be all that easy for them, it should be a little harder to handle. |
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Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.
I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
I would say that is not a bad investment advice, he could definitely do well, but what we need to remember is that companies may need urgent money and that means if he puts the money in bitcoin and urgently need some money he will have to cash out his bitcoin and if bitcoin is down at that moment then it would be a bad idea. What Microstrategy does is not putting ALL their cash into bitcoin, they do have some in bitcoin and some in other stuff, but they do have liquidity that allows them to do fine, which is why I believe that they are not going to end up with any trouble. If your friend puts 50% of the cash into bitcoin that would be better, keep the other 50% in something simple, like interest, that way he will be fine. |
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I don't trade Bitcoin in the short term, only buy when the price DIPs to add assets and increase profits when the price starts to rise. Besides, my Bitcoin target is still quite far away, it hasn't touched the final ATH yet. It should at least touch a new ATH in the $100k price area and I will wait for that price, while waiting to buy gradually. Short-term trading is only for potential altcoins with high volume and volatility.
Trading your BTC in long term is the best way to achieve a big profit from your trading because, it will allow you to earn big profits at the moment than short term trading that will only bring little profits at the end and, it will not encourage you to increase your capital. When you succeeded to buy your coins when the price is low, it will give you opportunity that will make you to always involve such strategy to buy coins when their prices is low and hodl them until the bull run occur before you can trade, which is the right season many professional traders use to earn plenty profit from the market. I do agree that we are going to end up with something that won't be a big deal, it is going to be just holding and you will make so much money that way without a trouble. I am not saying that we are going to deal with a big problem, but we should be considering it as a normal situation without a big deal. People still looking for a way to make more and more money from leverage to futures to many other methods, but that's not going to be anything that would be considered a trouble to people. I personally believe that the best thing we could do right now would be making sure that things are looking decent, and that should not be an issue at all. I hope that people could get to a point where things could probably be done better. |
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Just searched about KuCoin, and I'm seeing some disturbing news about their founders being charged by the Justice Department for violating some laws.
Does anyone know more about this? What implications could this have on the CEX, especially now that they're targeted in the US?
Legal problems will keep on going with exchanges, these are not companies that are unattached to anywhere, they are companies that are seeing things and should be important in the end as well. I personally believe that we are going to end up with a lot more exchanges with this kind of problem, it won't be too uncommon because all the exchanges in the world (except decentralized ones) are usually companies, which are based in nations and those nations have laws and they could always get in trouble with those laws. This is why we should be careful with what we do and we shouldn't really change anything that we have, I believe that decentralized exchanges are great, but they are not enough, not to me anyway, and not now. |
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