Portfolio is a group of assets so they will run just like the market runs. Recovering the portfolio should never be the target, in a face of bad news every asset will drop in their price and you will face a red filled portfolio. Your job at that time is to accumulate more to increase assets that were difficult to obtain previously. A badly bought coin is way more harmful that a bad news bringing down the valuation of your portfolio.

Those who had coins stored on the exchange will have suffered irrecoverable losses and they should have learnt their lesson.

You cant call internet usernames as "friend" mate. If they are some real life person, ask them their reason for investing in the first place and do your own research before you invest, because it is your hard-earned money that you are putting the risk on.

If you were not going to place an order, why put the coins on the exchange at all? Mistake on your part again. There is the possibility that the exchange goes down while the order was kept on, in that case it would have been your bad luck.

A lesson that this forum's users have been echoing every few months, but everytime a new exchange goes down more such topics come up.

BTC mainly, and ETH if you want to give it some slack.

Little amount in every coin sounds like a good investment but in reality you are only buying dust amounts. Compare it yourself if the added amount is used to buy bitcoin only over longer spans of time and that projected profit against all the shitcoins over the same time and you will see the difference. This could be a worthy exercise for many you newbies out there.

Aggregator sites will show you the top coins but what to buy should be driven by their history and previous charts, not that shady coin which went up 400% overnight.

One thing I can say for myself, apart from bitrefill there are no other easy to use options for spending bitcoin even if I want to. Monthly a specific spending on bitrefill for groceries and phone topups to keep the fiat balance intact is the maximal I can do.

I would say that instead of wasting the money on exchanges to buy shitcoins or gambling it away, holding is one good option if spending them directly is not possible. Giftcards are a good avenue to spend, but we need better streamlined services soon.

Truly only hodling would not yield the same level of profit as buying back after selling and then cycling the money does.

Governments dont  want every problem to be solved. Unless you have a problem you cannot get votes to run an election. Get my point?

Bitcoin is already coexisting with fiat. CBDC is how they think fiat could be digitalized into a crypto-like thing and make the population accept that and move the bitcoin users to CBDC.

But a deflationary economy is difficult to maintain. In reality we do not want that and the current way of how fiat and bitcoin coexist is adequate in my opinion. The problem is bringing in CBDC, which we have to observe how they work. Beyond that I feel the next big thing that we should focus on is the acceptance of bitcoin in bigger eCommerce merchants - to force governments to allow bitcoin trading.

I have a gut feeling that once CBDCs get introduced, eCommerce giants will pop in as that being the mode of transaction using bitcoin and the CBDC as intermediary.

Quite a lot of things are applied subtly in a casino in order to make you gamble more and more. This includes rakebacks, bonuses and VIP stuff which make you envy others and play more feeling like a king in your own sphere.

Point is that one gambles to have fun but doing it as a compulsion is the problem here. Being protective about loses which could be corrected is good thing but dont expect to foresee all mistakes because it is gambling. If you feel it becoming a compulsion then you need to stop gambling and look for professional help.

Therefore handling losses beings from even before gambling, either dont gamble at all or limit the budget kept for gambling to a fixed amount.

Buying an asset at a high price and selling it at a low price will always lead to losses - this is what happens with most traders out there and there is no way to avoid this unless you are reading the charts well and having the patience. Instead we buy low and sell high it becomes a simple math to see that we will profit. You need whales to tell you this, but you can do this yourself if you have to patience to hold between the cycles.

Instead of going for short profits which carry both high risk and high reward we can play it safe over long term which gives good profit with a longer waiting time. Whales have higher volume per trade than what we can accumulate but they have the confidence to cover it back if they lose which we might lack.

Compared to all time highs that they have seen, these are minor but strong pumps. Also these are all the coins that have gone scam or bankrupt - for us investors, both are the same. So possibly someone is playing with their holdings but I have my own doubts that I would not reveal for now.

In either case dont even look back at these coins, forget about investing a single satoshi, they are dead coins and they are not coming back - because once a name gets ruined in this industry there is no coming back to clean up the image.

Rather focus on bitcoin as it is going up, sell when you need to cover yourself and buyback at the next bear market.

Anybody can create a shitcoin be it a vaporware, shittoken or a memecoin (<that has been the sequence over the years) and spread it on this forum like wildfire. There will be risk taking people ready to jump on them and attempt to quick flip or shill it for a better price.

Settling for lower coins is often a method to "quickly finish it off" but we have been in the market for long and we understand that it is better to rather hold the fiat for buying bitcoin than spend it on buying shitcoins. The second options always leads to less than break-even during selling.

We all have had our share of experiences but not everyone will understand that.

The best would have been when the market was still in red around 16k USD but now price has crossed 20k and hovering at 21k USD. This brings in the risk that correction might happen back to 20k USD and hence if you feel lucky you might buy but with that risk. Although bitcoin is still low considering how long it was in the bear but this decision needs to be taken quickly because drastic changes often occur overnight.

It can be called bullish by looking at the greed index and so on, but in reality the market runs on a mind of its own, at this moment buying has a risk, which you have to accept if you buy.

Truly I could never make myself believe how these hyip monitoring list sites made money to keep doing it, but then I found that those web pages were flooded with scam sites peddling their bullshit. I gradually understood that the referral commission that these websites make is way more than what they invested to get the web page running. Hence they continue to do so and the extra comes in as profit. Thing is that the owners of these sites know that the HYIPs are scam but they only care about money and not morals.

Such mistakes have been common with many users, but it is important to now forget them and remember only the lesson for that will help them avoid scams in the future but legitimately make money as well.

Purpose of the "campaign" reward is for your to spend. Is that not obvious?

You get selected if the manager thinks you are a good quality poster, so that first point gets ruled out right at the beginning of joining. So the primary purpose of the campaign is the advertisement of the project. If you will remain in bitcoin paying signature campaigns which are the "cream layer" then you will feel as if the purpose of the campaign is to pay you.

Try visiting the altcoin bounty campaigns and get the information from their participants and your view will change, the participants are treated like shit there.

Ponzis never vanish they just come back after some time of low profile in another domain name in another web template.

These guys seem to be peddling the copy-trade system as a method to make money, while I am sure they are doing nothing in reality and running only a MLM pyramid. These guys at least brought up something new.

The reason they dont come to the forum much is because of the effective flagging system. But they run rampant in many social media. Newbies should learn how these scams work so they dont fall for them.

A side job is also a job and in economic instability it will also face the same problems that your main job faced. Now the problem here is that humans love to remain in a status quo and not get out of that safety pocket. In times of bad things, newer opportunities come up, we might be foolish enough to brush them aside and not start getting involved in them. This is where we go wrong and end up collapsing with our original hustle.

Keeping a track of your hobbies which can generate income is important. Being able to capitalize on the current situation is the principle of earning during a bad time. It is difficult and a struggle indeed, but can be done - just use COVID as an example, so many gig-workers started their journey in those times of lockdowns.

That is what the scheme is and the old users like me know how such scams run under the convenient cover of anonymity that bitcoin and the internet has to provide them with. The ones who fall for these scams are mostly the newbies who seeing the price of bitcoin cannot afford to buy whole number of bitcoins and end up buying thousands of shitcoins that are worth the same but will surely drop to zero in a few months.

Point is that there will be successful altcoins that reach near to what bitcoin has been but these are rare and they will rarely be picked up unless you are getting lucky. Every team seems to be working hard but below the table you never can be sure. Hence keeping bitcoin as the max investment yields the safer portfolio.

If you talk about quality altcoins, then litecoin and ethereum comes into the picture for the older users like me. These coins have a good community backing them and they will likely not fade away. Same with Dogecoin but doge lack the use case that ethereum has, even though some celebs might promote it, you should be careful before investing in it.

Specifically Ethereum can be a good second line asset after bitcoin if you are willing to invest in it for the long term. But this is all a personal choice and we have ethereum haters on this forum too, so dont let anybody's opinion cloud you. I personally have invested in ethereum for the long term a while back and holding it, but I dont have plans to buy more.

A compulsive action it seems, which I have seen among newbies and those who end up with a loss on their trading ventures. It seems this term has now gained some notoriety than when I first visited this thread when I only kept assumptions as to what it meant.

Truly, trading is a game of emotions and patience and this behavior only means that all those things have collapsed and the trader is mentally on the verge of breaking down. I am sure this can be prevented and with caution one can avoid such things from happening. Like I said before, this is similar to chasing losses of gambling which has a devastating outcome.

Why not start with dummy trading and then you can identify your mistakes easily without actually losing money? It can help reveal your compulsive nature as well, in which case I would suggest against trading.

Proposing to invest a part of your salary is a good idea, but I think a fixed amount is not necessary, vary it as per the market price of bitcoin while keeping a fixed ceiling of the max investment value. Not every month will have bitcoin at the good buying points so you might not invest even a single penny.

Gold is a good investment too, it has its own pros and cons and one must diversify into different asset classes to get the maximum output from the portfolio. In crypto keep yourself limited to bitcoin, a new year will never bring good news for any altcoin but only lows and more lows.

Keep tabs on every investment sector. For those of us who are in the long term game, we need to be at the front with every one of them.

It will be the end, if you give up. The point of profiting from the market is not to give up during the bear market and not to get euphoric during the bull market. You need to buy in the bear and sell at the bull, if you miss that opportunity you will have to wait out the next cycle with patience.

So patience and dedication to the market are the two basic things that can help you survive crypto winters (and summers )

While it is true that prolonged bear markets are less common like it is happening now it will end because it a cycle and your job is to keep holding through that cycle.

Do that and you will find out a bitter truth which is that 99% of the projects do not have a fundamentally strong idea and is neither backed by a good team. Either those projects lack first mover advantage or they are trying to do something that is competing with a similar concept in the mainstream market. Mind you, any crypto project that tries to compete with a mainstream counterpart will always fail.

This is applicable to any aspect in life, but I guess in trading it brings in a whole lot of importance. We cannot have good returns from impulsive and reckless trading.