Today bitcoin has decreased by more than 2%, the price of bitcoin has returned to the current price of $ 27k, I don't know what news caused bitcoin to experience a decline or maybe it was just a normal correction like market and technical problems.
I agree with you, I think bitcoin is out of the bearish zone and we will most likely crawl to the $30k price level this April and maybe more than that, right now we are testing the $28k price level to find out how strong the support is $28k to continue the rally. It should have been a bullish sign at the start of Q2 for the altcoin season and bitcoin season but it looks like they are still waiting for confirmation.
I think it's nothing that big, those type of increases and decreases happens everyday and we shouldn't be really worried about it, that's a normal thing for all of us. I know that not many people feel comfortable when the price falls, but the reality is that we just have to learn to live with it. Not many people feel like they want to hold it when it is going down, but this isn't a crash or anything, it's daily regular price fall that happens all the time. Just wait for it to pass and when the time comes there is nothing wrong with it and you can continue to live with it without a trouble. I personally will hold it until it is over ATH again. |
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In life there are many peoples wants freedom and this is available in day training and not any restrictions that whenever and wherever you want to doing work
If we thing about that are in enjoying with your family there you are also allow to work as well and also enjoy
Also freedom from your Boss.
For me, it was not perfect work for jobless people but yes, it was considered an option. And I say this because I want them to know that trading is not suitable for impatient people, not the right place to stay for too emotional as I don't want them to think that it was the last to take and to help them out from being jobless. Because the truth is that trading is stressful, yet also profitable but many people had fail and possibly they can be like them. It was not trading only a solution, we can also run a business if we can. Emotions and pace is part of being unemployed. This depends on what type of jobless person you are, if you are unemployed because you quit your job and think you can find another job in a few months then it shouldn't be a problem and you can spend your days learning about trading and experimenting with it. However, if you have an obstacle that prevents you from going to work, like you have to stay at home and take care of someone, then it is not a method for you because you may not make profit quickly enough and worse yet you may not even make any profit, which means that you will be putting all of your life in danger when you do that. I highly suggest people to take a look at it differently when they have a job instead. |
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If bitcoin reaches $35k within this month, I am still doubtful that it starts the real bull run that everyone is anticipating. There will be corrections all the way. Bitcoin may reach $45k this year but I am not sure if it can stay that high. I am more confident that a bull run occurs next year due to bitcoin halving. Now I will just continue my DCA. I still think that $20k is possible in the next months to come depending on how high bitcoin will pump this year. If bitcoin can reach $35k this month, the correction might happen in the following month at $25k something.
That's true, instead of setting too many expectations this year, we should take advantage of the DCA time when the bitcoin price is still cheap and better prepare for the next bull season. Whether bitcoin hits $30k or $35k is no guarantee that the bear season will end and the bull season will come. On the contrary, that will hinder those still trying to accumulate for the next bull season. I like bitcoin where it is, or better, it can drop below 20k, what I want is to own as many bitcoins as possible before 2025. That would be the smart way of making money, slow and steady wins the race remember that. If we rush into anything then we would lose money, but if we know the fact that bitcoin would go up eventually that means that we could keep on buying bitcoin even if it goes above 30k and just keep on buying it for as long as we can with the money we have, that would be something a lot of people would be happy with as well. I just keep on buying when I can afford to buy, sometimes I can't, but whenever I do, I just end up putting that aside and make a profit with that, it's just the way it should be approached if you ask me. I know many people are uncertain about the future, but I do not feel that way about bitcoin. |
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Bitcoin has not gotten to $100000 and we are talking about when its price will get to $1 million which will require more pumping of money to buy bitcoin. It is better we discuss more on when bitcoin will reach $100000 first, then after that, we can discuss when it will reach $1 million when $100000 has been reached.
Everybody here wants to be alive when Bitcoin hits the $1 million mark but Bitcoin hitting that mark for me is gradual, I don't think we will wake up and just found out that Bitcoin just hit $1 million, we are good if Bitcoin will hit $50k this year then we go speculating and hoping and working that Bitcoin will hit $75k next year, and if there are no FUDS happening in the industry and massive adoption continues then it's possible for Bitcoin to hit $100k if this continues to go and everything is smooth we'll hit the $1 million mark, but with all the FUDS and too many issues and regulation it could go more than 10 years. Basically it will be gradual, but unless I suddenly pass away from heart attack or something like that which kills people suddenly, I feel like I am going to be alive when that happens. I mean that should be at tops 10-20 years and that means I should be alive in normal situations. Obviously it's life, we never know maybe lightning strikes me and I won't see it, but if life goes normally like expected then it shouldn't really be a problem for anyone. Unless you are 70 years old, and even possibly in that situation, a million dollars is not as far away as you might think. Some people think it won't happen for another 50 years, but I believe it will be less than 20 years and that is why we will get to see it. |
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I recently purchased some Bitcoins butAccording to most posts and replies on this forum it seem the best way to hodl Bitcoin is to use a hardware wallet as long as you can keep it safe.
Well is the hard ware wallet better than a custodial wallet??
And the difference is huge...if we could rate custodial wallet (1-10) it was just 2 while hardware wallet is 9. Hardware wallet gives us a higher level of security but the question is if the amount of your Bitcoin is worth enough to store there or something you look for another option like using Electrum wallet. I wouldn't put it like that, I would say it depends on the user. Custodial wallets are 10/10 safe if you do nothing with it and not connect it anywhere, just keep holding it, which is what hardware wallets basically do and if you take it out there to trade then it becomes dangerous there too whereas in custodial you do not take it out but you trade or basically you connect somewhere which triggers the risk. I personally feel like if you know how to use it and if you are aware of how you should not connect to anything if you are not certain, then there shouldn't be any problem at all. There are people who connect to websites with no ssl, imagine that, ssl is mostly free in most shops and they don't even have that, which makes custodial less prone to hacking. |
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There's a few major reasons why people unreasonably hate Bitcoin. All of them involve a lack of education on the subject.
This sums everything up. A lot of people hate Bitcoin because they really do not understand the concept. There are those who understand and know all about the misconceptions but still hate Bitcoin because it alters everything they's built on. The government is on this table. The government like control. So when they're not in control of something, especially this big they'll do anything to bring it down. "If I can't have you no one else can". Bitcoin is too decentralized to an extent that they can't have it so they fight it. When you have a conversation with people who don't really understand Bitcoin, especially the older folks you'll find out that the concept is just alien to them or they have bought into the government's propaganda against BTC. The government has really used the "scam" narrative to sell its hate, they also used the "promotes illegal activities" narrative and they'll still come up with different ways. I think it is obvious that haters do not understand the concept let alone the whole bitcoin. The concept of decentralized is beyond their understanding, I have seen people talk about "the owner of bitcoin will shock you!" and talk about who is behind it, when in fact anyone with just a bit of research will know that there is no owner, and there is no person in the world behind it. We are all the owners and it is decentralized, even who is satoshi doesn't matter when we are talking about the fact that he wouldn't be able to do anything, maybe have some influence but wouldn't be able to do anything by force, unlike governments who do it whenever they want to. |
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Watching the first innings it looked like the team had performed well. In the second innings Ireland have played better than the first innings. In any format of cricket the combined team effort is a must and the same ease the chance of winning. Even in this test match Ireland openers failed to contribute, if not this could've been a tough test match for Bangladesh. More the experience, better will be the performance and hope Ireland plays good cricket in its upcoming test format cricket matches.
Lack of test matches and practice having problems for the Ireland otherwise things looking impressive for their future but sadly no one can do anything for this all because ICC is mess-up with their own agenda and policies which are never been good for the game of cricket, and now we are having not ideal future for the teams which are having test cap but not enough matches due to the worst strategy even still time is with them if they want to have better things need to bring few changes like have tier system in test format as now we have WTC with 2 years format this can bring good improvement and increase of quality and performance for many teams as well. Big-4 are completely doing things for their own, so we are not having good future for the teams like Ireland, Afghanistan, Zimbabwe and West Indies which needs more games in this format. |
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I do agree with you that POW is better in the circulation supply management but I am discussing a point which is that one both models there is a controlled environment such as on the POW side the compute resources owners control the blockchain and on the POS side the Money holders control the market. A middleman like me who doesn't have many resources and Money can't contribute to blockchain decentralization because of these models.
Also, POW is directly targeted for its power consumption which is a big issue for the Bitcoin community, But we always neglect it. Some experts who support centralization and traditional markets target this point to prove Bitcoin is unworthy. The community is sticking to its ideology and continuously supporting good Bitcoin. This a sign for a big reform but what if we consider a solution for Bitcoin power consumption?
Maybe it doesn't have to be like that? Maybe you do not have to join in the blockchain part of it. Just because it is decentralized, doesn't mean that we need to be the ones who are in charge for it, and we can just watch afar while supporting it and buying it. Basically I have zero miners, never owned any, and I know that I don't have 32 eth to start helping with the PoS there for example, but I know that they are both decentralized and that's good enough for me. I do not need it to be something that I participate in order to make sure that it's decentralized, I can accept it the way it is right now and that's good enough for me, I just buy and vote with my money by holding the coins. |
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This is the future of the world now and we became a part of it. There may be setbacks but there will always be the good old Bitcoin that will be left and those who trusted in it will feel how blessed they are for standing beside it and just keeping their coins.
About Lessons. I do believe we must try to filter it out more on whatever we will trust. Try to also listen to the speculations and predictions of other people/traders/investors and not just the advertisements using the popular names in the world. FTX is a good example of that. I am glad I never became a part of it. Those who have experienced Mt.Gox may have known about what is coming and they may also be the ones who avoided this regretful event.
Nothing that is great in this world has come without any cost. We had thousands and thousands of years of human lives, and mostly the last 5 thousand years is recorded somewhat, not perfectly but give or take, and the last thousand years is a bit better recorded. Look at all the good things that happened and tell me one that just fall on anyone's lap, almost all the things that is good in this world came after hard work and pain, and that means bitcoin will have hard periods here and there, but it will end up being the best currency in the world. It is already the best currency to me, but not to many parts of the world, and they will agree to that when the time comes. |
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It is always recommended that we should diversify our sources of income so that we are not completely dependent on trading as our sole source of income because it may not be going the way we may be thinking because trading have bad days because it Volatility, we can profits as same time we can lose because we are just doing predictions.so that If something were to happen to the trading industry, you would not be adversely affected much.
And keep in mind that even if you earning money from various sources, you should only trade with money you can afford to lose.Despite the fact that you may have a different sources of income, you should never trade with money that you cannot afford to lose in order to make enormous gains. Because of how strongly this reminds me of one of my friends, who always using huge amount of money to trade in other he can be making big big profits always but at last that really affected him because it loses much in trading because it uses much money it was making in others sources to trade, infact he even toke loans.
That is very true, if we rely on trading only then during the bear market we would live a very poor life. I have a friend who does trading in millions, but he also saved aside millions of his regular life. He is not a frugal person but he doesn't live like he is rich neither, he lives a normal life that is ordinary but not poor, just like middle class would. That is how he saves his money aside, and by calculations it is possible that he would not spend a million dollars until he dies when you consider where we live, and that is why he can spend the rest on trading, and rely on that income sometimes, because even if he loses, he still have that money he put aside. |
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Well it's true that even if you have your funds stored in a hardware wallet, you can still be targeted by phishing scams and malwares that steal information from systems. So it is always important to stay vigilant and avoid clicking unnecessary links or opening spam emails sent from unknown users. I know that the scammers are also becoming smart day by day, but we need to take precautions from our side.
I've seen a lot of people becoming victims of phishing scams and they were not even newbies but those who have been in the industry for quite a long time, it's only because the scammers use different methods and sometimes you just fall in their trap.
When it comes to our money there is not such a thing as too much caution, we need to always be on our guard as scammers are always devising new strategist they can use to try to deceive us and get to our coins, so once in a while we need to make an investigation about the new kind of scams which are now being used by them so in the case we find ourselves being subjected to them we are able to avoid it and we do not lose our coins in this way. Scammers are always finding the next step, that's the biggest thing. For example defi rugpull wasn't a thing until just a few years ago, but then it became so big that everyone started to do it, even people who never scammed anyone before that, started to scam others when they figured it out. This is why we need to be super careful because we would need to end up with something much bigger and troublesome in the end. If we are not careful, we will have nothing left and all of our money would be gone. So many people who fell for these type of traps and I hope that they end up being better and doing better because it is something that is a must and not a small deal. |
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If you are trying to learn trading and want to keep trading in the future, then never follow other people's signal. That way, you are just copying like a mindless robot and not learning anything at all. What happens if you lost the access to that group at some point? Will you be able to trade on your own? I think not. Trading is fun, if you can master it.
Don't follow others, create your own strategy and learn as much as you can.
I do agree that there are too many people who do not know what they should possibly do with their money. And that's a sad reality, because not many people in the world has money, so if you are one of the lucky few that has money to invest, any money on the side, that is amazing. I have debts and I am barely paying them back thankfully, it's a bad period for me but I am sure one day life will be better for me but even with no money I still know what I would do with it, and nothing risky as well, yet there are some people with money and they do not know what to do with it and so they end up checking these other people for signals on what to buy, that's a big shame. |
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I also started accumulating last year, and compared to my average purchase price, I was profitable. But if you give me one wish, I would expect bitcoin to fall back rather than recover. I don't expect bitcoin to recover or a bull season will come soon, I want to buy a lot and accumulate bitcoin at the lowest possible price. I'm the complete opposite of the OP, I don't see any anxiety when bitcoin goes down, that's more interesting to me than a bull market.
That is the right way to approach this market as well. I mean normally when bitcoin goes down, it should be obvious that we should be able to approach this as a great thing and should be buying as much as possible. I am not really sure how long it will take to have something like that, like a lot of money to accumulate a lot of bitcoin, even when the price is low, sometimes we do not have the funds to buy bitcoin so it happens to be a bit hard when the times do not match. But when you have funds and when the price is low, it is a blissful moment and it's great to buy it. I personally believe that it would be amazing to end up buying bitcoin during those days. |
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I'm also optimistic that bitcoin will soon be a bull run, sometimes the small correction that is happening right now is a test for us whether we will panic or buy more, if we know bitcoin for at least 2 years then we will buy more, opportunities are limited and we will regret it if we miss it best chance to buy.
Most people are not in panic mode right now and that increase helped us become like this. If we had like a thousand dollars or so drop just a few months ago, then we wouldn't be able to hold this long, I would because I did, but many wouldn't because they panic sell. However, since we moved from 16k levels to 28k levels, many people got a lot more brave and thanks to that we are doing a lot better. I hope that it happens to be something that is a lot better and we could end up with something that benefits us the most. I know it is not going to be easy to decide for something like this and it is going to hurt us a lot, but I believe we should just hold no matter what happens. |
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Many people think that when someone sells bitcoin it will make a sharp correction, as we know that currently the bitcoin marketcap is more than $ 550 billion, of course when the government sells 9800 bitcoins it will not have too much effect, even before this is a sale with a large quantity more have happened and are not affected.
Yeah true, there are only a few places and people that can sell and impact the price, but the rest is not going to be that easy to sell and make an impact on it. If satoshi wakes up and one of the wallets we know belonging to him ends up selling it all, that would make it a sharp decline for sure, or microstragey, or maybe Elon musk I am not sure. There are very few, and us government selling this 10k coins is not an issue, maybe the new ones microstrategy bought are these? I don't know if who bought it is a public info but if it is I am pretty sure there is a connection since they recently bought some and this happened at the same time. |
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I think a lot of bitcoin is "destroyed" anyway, so it's really not a big deal for people because over a million of it gone anyway. That's the upcoming doom of bitcoin if you ask me, way too much of it is gone, and there is the reality that some of it keeps going away to a place that is unreachable as well, or so called "burned" as well sometimes.
This means since there is a one way ticket to burning not coming back, we could have very little left one day in the distant future which could pose a threat to it. I am not saying it's a good thing or a bad thing, but it's the reality and that's a fear that I have as well. I am not sure how that could be solved though.
I would have agreed but the more it's gone, the more valuable remainder ones are, even if it's not gone but just not in the market anymore, that's a good thing. I do not think that we are ever going to have a situation where only a few million left, we will always have 10+ million of it on peoples wallets, or more likely exchanges, but that doesn't mean that it will be less valuable or anything bad for us, the less we have it, the more value it has and that's a good thing. There is no need for any reversal, let them go and be "destroyed", it will give yours more value and do not worry that all of it will be gone one day, that's not going to happen. |
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In some countries regulations are very strict and cryptocurrency is banned. But still there people are using crypto because crypto space is anonymous. However, without CEXs, it will be difficult for the crypto industry to survive. But I think crypto lovers will surely find some new way to keep it alive.
I think crypto will gain more acceptance in future so no need to think negative.
Although it's true that crypto can survive without centralized exchanges (CEX) and regulation, widespread adoption may be hindered without proper oversight. The lack of regulation could lead to a perception of crypto as a scam among the general public, which could potentially limit its growth. Moreover, investment is crucial for the growth of crypto as it reduces supply and increases demand, driving up the price. I think regulation would definitely allow the crypto world to grow because it opens the door for so much more money. CEX being so legit in so many nations matter because of this, for example Coinbase is so legit that they literally had an IPO and their stock is traded on the market, that means SEC is all over them for every single cent, and that means they are as legit as they can get, there is absolutely not a single cent that is illegal in their books, and when people now this, buying bitcoin there feels a lot better. Even one step on wrong direction would make them lose tens of millions of dollars in fines, so they have to operate it honestly and as well as it can be. |
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I doubt this will happened anytime soon. According to the data available from Bitcoin CME Futures, Institutional investors are the only ones pumping Bitcoin market price which means this current bull run is just a ticking time bomb for retail traders that will FOMO buying or riding the hype. The global economy is in its worst condition and people are having a hard time getting money for their daily necessities. Imo real altcoin season is when retail is the one who take charge of the pump and not institutional investors that will dump their bugs on retail's face once they start to enter the crypto market using fresh fiat.
I would say that it is not really that bad looking at all. I understand that institutional investors are heavy favorites here, but lets remember that the hype around bitcoin could grow exponentially big if you let the retail investors be the only ones left. So if it grows too big, then even if those companies and whales sell, it could turn to bizzare increase of the price when retail investors are putting in all the money they have. I remember clearly even pandemic check us government gave out caused the price to go up on bull run. So, I can easily say that we are going to have a different situation in our hands when the time comes as well, just need to wait. |
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Someone already said adaptation so I'm just going to add anticipation to that. I think CZ and his legal team has been one step ahead of competitors and maybe of regulators. They may have anticipated that they will be getting a lot of regulatory pressure so they've kind of prepared for that. Putting up Binance US was probably one of their brilliant moves to limit potential damage by US Government agencies.
That is why I think they did co.uk version too, to fend off any attacks from England which we are pretty sure would have happened, I say England and not UK because lets face it, scots and Irish and welsh have nothing against binance, it was just English government. I have to say Binance is too strong global to care about just America as well, us government can do whatever they want but that doesn't change the fact that they are still growing in big numbers outside of USA which means that even if you banned it in all of USA, binance would still be at the top. Isn't that what makes it so powerful? No nation has a single hand control over it and won't ever have it. |
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Most of those rich people are for sure already doing this because they are rich because they can manage their money well, so probably they already have emergency funds or funds in case they all went down. Though with us poor people, we have problems saving because it is not enough for us. That is why some of us prefer to spend it on food rather than save because our salaries are not enough. But even if I become wealthy, I will continue to save heavily for emergencies.
I do agree that poor people would have a hard time saving. I mean if you are making less than a thousand dollars a month and barely surviving, how are you going to save money? That's why it is going to be a trouble most of the time, not many people could understand the logic of it. I hope that we shouldn't really be doing anything that is risky by overspending neither, surely our salaries are not enough to be rich, but it is enough to not be poor. I am not poor thankfully, I thank god everyday for it, but I have to say I am not rich enough to save constantly and be wealthy neither. I save for months, then one sickness happens and all my money is gone. So, it is not easy for us at all. |
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