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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It is not worth measuring all innovations by the interests of Russia or thinking that the whole world has taken up arms against it so much that everyone wants to destroy it by any means. Although, of course, there are already quite a few countries and peoples who want Russia to be completely destroyed. For those wars and deaths that Russia has unleashed over the past century, she deserves it.
Now our world is experiencing very rapid climate change and if emergency measures are not taken, then humanity may disappear from this planet. Therefore, harmful emissions into the atmosphere must be sharply reduced, as well as any harmful impact of human activity on nature. Relevant restrictions and changes will apply to all states, not just Russia.
I would guess even though they deserved it, they got a lot more in return than what the west got as well. Russia is a beautiful nation that I love, it is a great nation and the people in there are usually great people, obviously every nation in the world has terrible people in it, but regular people are always nice and welcoming and maybe due to soviet background but always have the mindset of even if they have just one loaf of bread, they are willing to share it with you if you are hungry too. However, Putin is a horrible person that should die as soon as possible, and yet nobody really put any sanctions on USA when they attacked Iraq or Afghanistan, that's a bit of the reason why I dislike Putin but also west as well. |
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~snip~
Since money is accepted as a store of value, trade is much more efficient.When an individual or business accepts money in exchange for a goods and services, the seller can store the money in a bank account and retrieve it later in the future.
Good luck with your money, personally I will choose gold over fiat as the best option. Unlike fiat which will be under the pressure of inflation, gold will protect our money from inflation in long term that's why when there are many negative about a country like a war, bank collapse, etc. people will tend to move their fiat money to gold or other instruments. I would say since we are in the bitcointalk world, I would guess that there is a bit more likeliness to buy bitcoin than gold, and that way you would be able to hold your money in something that is easily liquidated and you would be able to take a profit from the ups and downs of the fiat world as well. It is not going to end up with anything at all, but there is absolutely no way that I would give that up. Not many people consider that as an option in the world just yet, and most still prefer gold, but there will be time when bitcoin will surpass gold as an option. That won't happen anytime soon, like this year, but in the next 10 years it could happen. |
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Do you think that should spend so much time trading on a demo account?
Nope, not at all. Just spend a few days on demo platform to get acquitted to the platform, then move quickly to the real thing. Demo is simulation. It doesn't have emotions attached to it like the real thing. Years spent on demo trading won't translate to being successful on live trading. In fact, if one overstays on demo trading, it could make one to panic when the real trading kicks in. Instead of dwelling on demo for long, I advise that you fund a live account and reduce your risk to the nearest minimum. I would say that you are wrong but at the same time not for the reasons you think. It's not there so you could learn if you are a great trader or not, you think that demo is there to make sure you are a great trader, or you could make a profit. It's not the reason, the reason why demo exists is to make sure you know how your strategy works and test those, even when you are a veteran and want to try a new strategy then you can go back to demo and test it there. It's the testing ground for trading and trying new things and newbies have all the things that are new to them, so it takes time and not quick thing to make sure you understood how it works and how to follow your strategy. |
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It's best if the people who expect from the signal know this and start learning more about trading so they don't get their hopes up from other people's signals. I have several times met people who asked what coins they could buy to ordinary friends who could analyze the market. But these friends do not provide a more detailed explanation; they only provide a price position to buy and when to take advantage of it.
Again, if they keep doing that, they will find it difficult to take advantage of it or determine when they can enter the market. It is better to learn about trading because it will surely be useful for them, especially if they want to make trading a source of income.
Unfortunately there are tens of thousands of people out there who think that they can follow someone, and learn what to buy and what to sell and be rich thanks to that. I do not know how we can stop that and all, but I am sure that we are going to not have zero of those people, it is going to keep happening. In order to get rid of that, we need to expose these signal channels but there are so many of them that even when one is exposed, people say "this is not like that" for other ones and still trust it. I guess there is a thing in some peoples minds where they are more inclined to get scammed, no idea what it is, but that's what they believe in, and that's a trouble. |
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I'm also a trader, but for now I'm down because I suffered a big loss.I guess next year I'll raise some more money and try again.
for now I can't share because I don't experience profit.
Do not give up, there are plenty of people who has lost money before and I think it is important to learn that experience as well. If you lost, then go back and check what you did wrong, if you can spot what you did wrong that is great, if not then maybe ask some people what you did wrong and how could you avoid that next time you are trading. When all of that is done, try to collect some more capital, however long it takes, and when you have that capital then you could just try to trade again, and this time around avoid that mistake and not do that again. Maybe you will do a new mistake, who knows? No guarantee to profit, but if you learn enough, you will do well. |
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in your weekly market picture it is clear that the candle has penetrated the 200 EMA, and that means there will be a bullish trend for the next move, but before that there might be a correction first. and the biggest correction that is likely to occur is at the EMA with a purple line, around $24K - $25K, I think that area will be great to buy, if it doesn't reach that support, maybe after this it will continue the uptrend. Of course all of these are just predictions, but what is clear is that I have prepared a buying area scenario to welcome the real bullish season
You are correct. We need correction I hope just bounce back from 200 EMA. The purple Line is 100 EMA and those are now support and yes I think its good time to buy more when it touch purple line and I also hope price will bounce back from there and continue rise till fibbonaci 0.5 If the price rise and stable above 0.5 we good to continue the bull That is only valid if we stay like this, so that we can trace back a bit and go back up again in the future. However, if we have a skyrocketing increase, a huge breakout, then we won't be needing it because that would also mean that it will change completely and we will have a different outlook. Remember this is bitcoin we are talking about and that is why it's quite important to always have some sort of understanding where it's going and just a few rich whales could change it quickly. Get all those rich people at the top, bill gates, Jeff Bezos, Elon Musk, whatever you want, to say a few good things about bitcoin, and all the EMA calculations would be gone out the window. |
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Fractional reserve banking is a banking practice where banks only keep a small portion of their depositors' money in reserve and lend out the rest. Some people have raised concerns about this approach, as it may cause financial instability and systemic risks.
On the other hand, Bitcoin is a unique digital currency that operates on a decentralized system called blockchain. It has a finite supply, meaning that there can only ever be a maximum of 21 million bitcoins in circulation. This helps to prevent inflation and keep the value of the currency stable. Additionally, the advanced security measures used by Bitcoin make it very challenging to counterfeit or manipulate the currency.
One perspective is that Bitcoin is the sole remedy to combat the predicament created by Fractional Reserve Banking, and it provides the ultimate solution to tackle the issue of inflation resulting from uncontrolled expansion of fiat currencies, which can be influenced by the system.
I agree that it has been the main trouble for most financial issues. They rarely have enough money, and the "loan the rest out" means they literally don't have your money. So if all of us put 10 billion dollars into one bank, and they loan 7 billions of that to others, then they have 3 billion left in the bank, so if we all try to withdraw from the bank, what happens? They crash and bankrupt. This alone is a good enough proof that we shouldn't have it, that's a terrible idea and was never a good thing that can sustain from the very first start. It is there to get banks make more profit, but the risk is too much and shouldn't be done at all. I rather not accept this situation and that's why I am in crypto. |
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I really do not think it so. You see criminals always want a situation where by they would commit a crime and go Scott free without any trace which was why the increase in digital or cyber crime became something else since bitcoin supports anonymous transaction. Now casinos back then wanted a way where by people could patronize them without any trace of their identity hence their resolve to accepting bitcoin which made it popular amongst the gamblers and there was the major breakthrough bitcoin got them and it started to blossom and gradually because the talk of time. See OP, I am meant to understand that there are some scenarios in life that is needed so as to facilitate a process. However, bitcoin was able to passthrough this process so as to get that popular amongst the gamblers and firm there it was well known amongst them.
See OP, I have come to realize that most times, there are some certain things that do not really scale through when things are done the right way or the right process to get things done but when it goes through the iron furnace, the heat of the fire makes that something get the relevant desires. I just assume this that it was that way.
First of all bitcoin doesn't support anonymous transaction, you can follow it, so if someone steals from somewhere, usually that's tracked, even through mixers if it's a bad mixer as well, so it's a trouble. I have to say that it's not going to be a bit of a simple situation, it's a big deal and I think it's obvious that fiat is used a lot more no matter what. Even if you "think" crypto is better for criminals to use, that doesn't change the reality that fiat is used a lot more, and I mean thousands of times more. Which is why you can't, or anyone else can't attack bitcoin or any crypto because it can be used in crimes, since fiat has been used so far anyway. |
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Six months to one year is not enough to assume that you are investing in bitcoin. For me, you are just a long-term trader and not an investor. Investors in the crypto industry must be willing to wait for more years because the bearish run can last for more than a year. If your investment plan is within one year, you might be forced to sell your coin lower than the price you bought. The price of bitcoin is unpredictable so nobody can claim to be a master of the market to predict accurately if the price will go up or down. That's why it will be better to invest what you can afford to lose.
I have not had an interest in buying any other coin apart from bitcoin because some of them are not always what they claim to be. Bitcoin has been consistent and dependable for a long time and it my suits my investment plans.
I would say that it is not nice to gatekeep bitcoin investments. I mean whatever people are feeling comfortable with, they should invest that much and for that long period. If you want to invest for 6 months, then go ahead and do that, if you want to invest for a year, then go ahead and do that, and if you want to invest and hold for 20 years, do that too. There is no right or wrong here as long as you manage to make a profit, and even if you end up losing money just figure out what went wrong and try to not do that again and repeat again with a better understanding and you should be better. Just because we can hold for decades, doesn't mean we should see other investors as weaker. |
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The fact that I still run an old core 2duo CPU in my house makes me the living proof that some people still have old PCs with core 2 duo CPUs in their homes.
I also have another powerful PC with the latest Intel CPU in my house, but I use the old core 2 PC for testing networks for airdrops, while the higher end PC is used for video editing, content, and gaming.
Just because the OP cannot afford a hardware wallet doesn't mean he or she has no PC at home.
If I were OP I will uninstall the wallet from my smartphone for ease of mind, since I wrote down my recovery seed offline at home I don't have to worry when I uninstall the app clean from the phone.
I understand that one needs to be careful because there are so many tools in the world today, just because your smartphone has pin lock and fingerprint security doesn't mean there can't be a way around those.
I have some sort of similar issue as well. I have an old laptop that basically is dead, still opens up after like 10-15 minutes, but I was using that until last September and it was a crisis, it was the worst feeling in the world, I can tell you if you didn't had the brand new one, the old one would have made you crazy. However, now that I have a good pc, the laptop is not that terrible for me, got it fixed a bit, got it cleaned and all, right now it's still terrible and wouldn't use it, but since it's a laptop and not a desktop, sometimes I take it with me to some places, and that doesn't really feel that terrible, because I know that's not my only option and I don't have to get annoyed when it doesn't react or anything, because I know I have a good one at home. |
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credibility speaks for it self, binance known for it credibility, but I think usually BNB coin didn't really related with binance fud, i mean BNB is now essential for its BSC which right now is rather famous and have many projects running so assuming that, BNB despite binance, basically the company that owns the coin is getting massive fud, if it just some rumour it will just stay strong.
BNB is a product of Binance so whatever happens with Binance will have an impact with its coin. So far it was only just a FUD that binance is getting and it wasn't confirmed yet if the rumors are true or not, so people should not panic. Like you said Binance is known for its credibility. Their company is known for that for years. I don't think they will let these FUDs destroy what the foundation that they already built and even if it's not a FUD, I am sure they will take the effort to solve it. Binance know that there are lots of people who are at their backs. This makes them motivated and stay strong despite all the critics that they are receiving. |
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Of course. You should always save money even if you are wealthy already. Don't forget that there never be enough money. And the more you have, the more you spend, so it's a good idea to keep saving in case all your money sources will go away one day for some reason.
And you can also use this money to give them to your kids when they will be older, which is good too.
I think there are rich people who only spend a little. It's kind a amazing how they are good at budgeting when compared to the majority of poor people. Obviously, those rich people are still saving money. I think they are scared that they will run out of money later on, so if that happens they still have something to use. One of the reason why rich people save money is like you said, for their kids to have a better and brighter future but for the poor people, they only save so that they will have something to use later on, either to buy food, and use when some of their family members are sick and hospitalize. Whatever purpose is it, saving is a must as it can come in handy. |
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Good for you that you truly learned within 2 years of trading.
The fact that you are able to point out what's the best thing to do and you are able to apply it to yourself, means you put some seriousness in learning trades.
Actually, a newbie won't bother to read some long pointers and advice. Let them experience the actual pressure of doing trades as for sure, if they are really serious, their experience will make them a better traders in the long-run.
2 years was a long time so if a person is eager to learn (he makes research and practice) they will surely master trading within this time frame. Most newbies were actually lazy. They can skip the learning process but have the guts to try the actual thing which was to do a trade but they can still gain an experience with it. If they sick and tired of losing, they can now take things seriously and go back on the basic part which was to learn. I check the first post and I see that the OP shares a lot of quotes and also recommends some trading books. This was unique because usually, most trading tips that I see here are about analysis, indicators and the likes but we must not underestimate what the OP have gave. If it works great for him then maybe it can also do the same for us. |
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I don't know much about trading but I think trading ETH/BTC can definitely be profitable. Trading ETH/USD will make it a stablecoin due to which its price is always at the same position. But I think trading ETH/BTC can definitely be profitable when selling ETH to BTC. Then if the Bitcoin market grows then a good profit can be made. and long term bitcoin can be very profitable so for me trading ETH to BTC is the best.
USD is dollar (not stablecoin) not but it is also stable. I think there's also stable coin paring for some cryptos. ETH/BTC pair is only profitable if BTC increases the moment we made a trade but not if the price goes down however we can always hodl our volatile crypto for a while and wait for their recovery before we sell them for profits. Why don't you try both, and see which one suits you better? There is no formula to judge which will bring more profit, they are just trading pairs that mean nothing. To be profitable requires a combination of many factors, if you have sufficient knowledge and experience, then choosing a currency pair to trade is not a factor to evaluate your profit. Depending on your strategy and analytical knowledge, choose for yourself the trading pairs that suit you best.
Or we can just ask him if he prefers stability more than anything else then he should go for ETH/USD pair. If not and he wants profitability over stability then he must go for ETH/BTC pair. For you it may only look a simple trading pair but for others, it can mean a big thing already. There's even a thread here last time which states that non-USD/non-stable coin pairs are more profitable than USD/stable coin pairs. That guy must be serious and he might be a professional trader. There's still more in trading so you still got a point there. |
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I would say when you make a bad trade, do not sell and instead DCA, this of course works with btc and not all altcoins. Some of the altcoins are so terrible that they will keep going down and down and never back up and will die, and if you picked one of those then you are going to end up with a big loss. However, if we are talking about bitcoin trading, and if you buy at the top, then all you gotta do is buy more and DCA your way out of it. This means you will have less and less need for the price to go up, and eventually will profit when it goes up. Will take money and time to do it, but at least its a way out.
What if they already set a stop loss? I don't think a trader can wait for the assets to recover once they start dumping but the one that usually does that are the investors. If you invest on a newer altcoin and if you doubt about their future, you should also set a stop loss so that you won't lose further. They might recover but the chance of it might only be small. When it comes to BTC, if we accidentally buys at the top, we can wait for a while as there is a chance that the increase will continue. We can then sell to get out and start investing again at the dip. If we think the price of BTC is not yet high, we can continue doing a DCA as there might be more increase that will come. |
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