Altcoins are short term performers, they are not long term games. The development that happens in altcoins is often non-existent vaporware and we should be careful not to divulge into shitcoins that only give promises and keep going down. Because newbies often get swayed by the promises made by such companies (or just scammer groups) they exist and run rampant often promoting themselves through the words of these fooled newbies.

This is why long term gains are only seen with the top altcoins and of course bitcoin. Because there so development has happened to put them up in a decent place against bitcoin.

Demand over supply. If people buy bitcoin its demand rises and considering the limited supply the selling price of one bitcoin will rise to keep up with the profits that its traders would wish to get and hence raise the price at which they are bought at.

Bearish trends happen when bad news hit the market, like an exchange getting hacked or someone big dumping their coins or some bad statement about crypto by some big name. Such things drain the price and start a bear trend which gets corrected depending on the gravity of the news. Later on as the correction kicks in from those who were waiting for discounted price to buy at, the price starts rising again.

To answer the question in your title, I would suggest you to read the older charts and see how long bear/bull cycles last in the market.

Any other mumbo jumbo for that instance. But there are a lot of reasons why people keep trying to connect these things in the era of science.

We often make mistakes and overlook them while blaming others for the losses. If someone bought shitcoins instead of bitcoin then they are at fault. If someone bought at an all time high and now asking for profits in a bear market, they are at fault. These may seem simple but these are so common among newbie traders.

All that spiritual bullshit needs to be kept aside and simple method to buy low and sell high should be instituted. Make money from the selling difference, it is a simple math but does not get into your wee brains while still pondering over weed-induced spiritual highs that ruin your lives.

A specific government's support for crypto will put that government in the outlaw crosshairs by the bigger institutions that govern the economic system like IMF which is already happening and whether IMF's warnings are going to turn out true only time can tell. But in the meantime, we can accumulate bitcoin for the future, of course if someone is investing their hard earned cash into bitcoin, they would want the returns to be as big as they predicted.

The only way to force the governments to accept transacting in crypto is if people start using it rampantly and gradually smaller cities to bigger cities will face the situation that is inevitable. It might take years but it is already happening in many places and we should encourage it.

How are you drawing such a conclusion?

This depends upon your perspective, if you are thinking that you can leave your job and get into earning millions by trading then you are wrong. Again it is also true that you can make a certain amount in trading that might vary every month and be happy with that while running a job.

In other words - Trading can be a side hustle for many of the users who know the basics of stock market trading and speculative markets. It may not be enough to support your living.

There are professional traders, but dont hope to become one yourself. I follow the simple method of buying low and selling high - this takes time to cycle over the bull/bear cycle but churns out decent profits if you have patience.

Note: I am talking mostly in terms of long term Spot trading.

You will achieve your dream one day, but dont let that dream hold you back, aspire to earn more than just one bitcoin.

You are responsible person, who did not leave their unspoked responsibility of old age parents on someone else but worked hard to give them a good living. All this will come back to you as karma and you will become successful one day and make your parents proud. But I am sure they are already proud.

Our goal should be to collect as much bitcoin as we can while the bear market is ongoing so that we can sell at an all time high. Do not get tempted to spend that money on shitcoins and altcoins because they are only money traps and a waste of time. Seeing the highs like 60k USD, anyone will buy bitcoin at less than 17k USD.

Hence keep earning from your campaigns and allocating income to buying some bitcoin every month. Do not let the number stop you.

Since my portfolio is mostly bitcoin and some ethereum, I dont see much impact. Besides the only impact that we need to consider is how badly the market falls so we get a discount to buy at low prices. Shitcoins will be volatile to any sort of news and the news of FTX have shaken them a lot so much so that I predict many of them will never be able to recover their break even prices for many traders, sadly.

This is why we must vow to never buy into random shitcoins available across the market. The coin that we need to accumulate is bitcoin and maybe some of the top five altcoins. But keeping the crypto portfolio limited to these makes our chances of loss much less.

Buying into a ponzi is happening everyday and the victims are mostly newbies who are in for some quick cash. The ones spreading such scams are the affiliate marketers and they only want their 10% commission and have sold their morality for it.

Definitely worth it, prices are having a upward trend today and so my views are bullish for now but let us await a few more days before confirming that. Even if not doing DCA we can buy low and then sell high keeping our patience over the holding period.

Of course bitcoin might no longer be in dirt cheap prices unless something huge goes wrong, but we can accumulate at lower prices and continue selling when it hits all time highs.

Just dont end up giving your money to someone who promises extraordinary claims.

May own views on this,
1 - People do run out of cash after some trades so they need to slow down too, maybe that is why spot volume plummeted. Accumulation done by smaller cap traders might not have a significant impact on the market but it is going on slow but steady based on the long bear season.

2 - New year is just a new month starting, nothing more than some numbers cycling for the market. Possible that some people have slowed down on their trading mileage but I dont find it significant to imply anything.

Signals are a bunch of fake made up lines to fool gullible newbies. They are not legitimate and like sports picks they are often used to scam people into buying memberships and then manipulate them into using their money to pump and dump shitcoins.

Anyone can, but nobody know what or how to invest their money. The ones who do are no longer whining in forums but making money albeit not everyday but regularly.

Bitcoin is not a way to get rich - get this out of your head. It is a currency that has a speculative market. Getting rich from bitcoin is by trading on that and that is not a cup of tea. Not everyone here coming into bitcoin has been an early adopter in the two digit prices, some of you have bought bitcoin at five digits and hence you need to be careful.

Creating wealth is a bullshit term according to me, the right term is collecting it. Bitcoin will help you because it has advantages over fiat but it will not make anybody rich overnight, for that depends on a lot of factors.

The OP has shown clearly an evidence of how badly performing the minor altcoins have been. The top few coins have performed well no doubt but the common people dont want to go for that, because some internet random username told them about a certain shitcoin that will become the next bitcoin and they filled their bags with that coin spending a load of fiat cash from hand.

Buying the top altcoins can mean a good portfolio but buying these shitcoins only weakens it. Being safe you could stick with only bitcoin but expand more and you will expand your own risk.

I still consider playing it with bitcoin only is the safest, any "spare money" you have should be put into other sectors like stocks, real estate, commodities but never in altcoins.

I only wish BTC to be used more often by its existing users and new users.

Holding for selling in future is a good context but spending bitcoin is way less common due to a lack of technical infrastructure to support bitcoin payments and also the human inertia to remain with the status quo, namely fiat. Giftcards are commonly available, although not a direct option but it is a good workaround to get started on living on crypto as per the punchline of Bitrefill.

This will gradually pressurize the governments to accept and allow bitcoin transactions, alleviate the harsher rules on crypto taxation and allow a better background for crypto users to keep their coins running.

The best performer today might just be a pumped coin which is go back down tomorrow never to go back up again. How exactly do you plan to know this from beforehand?

You can get the result on your own without spending a satoshi. Try dummy trading with a virtual capital and attempt to do this honestly on paper. See how much you are making right or wrong and see what profits you are making over a time period. That way you can understand better than any one posting here about possible income.

If I say here that buying shitcoins is a waste, you would not believe me, but do this and see for yourself and you will get the fact in your head.

They have started the bounty thread again by a new account Gusfall

Link to new thread - https://bitcointalk.org/index.php?topic=5433271

This account seems to have been active in 2017 in Indonesian section, maybe our Indonesian friends can give us some insight? After that bounty hunting in 2017 and then one post in 2018 and suddenly posts a bounty thread today.

I can bet that the account was bought just for this, while the older bounty manager continues to remain silent, while just accepting their mistake would reduce their punishment to a much easier form.

Note : Slient Sam merited Gusfall on this "very knowledgeable" post.
https://bitcointalk.org/index.php?topic=5411474.msg60873940#msg60873940

Money that you can waste would be a better term to apply, would it not?

Truly it is like that and we all have no amount of cash to spare. This can be changed by reducing expenses that could be reduced and starting an allocation for investment. This cannot happen right on day one but a few months might help you understand the division. It is all about making room for every investment in your folio so you can be the best of all.

If you still cannot allocate, then trading probably is not for you, in case you forcibly try to do it you might find yourself lacking in liquid cash at hand.

The mistakes led to you being who you are. Now you know that buying bitcoin at low prices man better profits guaranteed in future. We can be rest assured, that we will not see the same condition as altcoin in bitcoin. Hence the importance of mistakes, they teach you a lesson.

You can be sure that many others have committed similar mistakes or lost money where they could have made money but dont let that dishearten you, rather this should be an impetus to be more consistent with trading.

Forgive yourself because you were ignorant at that time.

Why sell now at a loss when you can sell in near future at profit? Big companies might be seeing losses but that means they will go back up again. It is just a game of patience. Dont end up making the market your life, you will not be able to handle it. Risk management and bankroll management helps to prevent this. If you commit too much of your monthly income into market you will face these problems more often.

Altcoins will always be acting like this, which is why switch to bitcoins as soon as possible from your end. Controlling emotions also need practice, which comes after months of trading, better if dummy trading is done. Futures is a gambling method, it is not spot trading. If you are doing futures, you are essentially gambling so decide whether you want to play your luck or stick to spot with your skills.

The objective of the project owners is to generate the cash needed with a quick runaway. So if you think the dev will tell you everything about the project then you are mistaken. Th e dev will only tell you what is necessary for you to know and keep you in the dark about the weakness of project or if they have anything to develop at all and not peddling an absolute class work.

Your only friend here is your intuition and if it tingles just like Spider-sense, you should backoff from the project. Problem is after seeing so many scams our senses are over-sensitive but that is not bad, it weeds away 99% of scams and that 1% possibly good project would never make it anyway.

So devs are chapping about their projects, consider the failure imminent.

You will not see huge pumps or dumps everyday. Prices are stagnant for a few days means you have to keep patience. Half of the time in the market you have to hold either fiat or btc and wait for the opportunity to strike when the price either dips down or rises up.

Its not effecting everyone you see. There are traders who cope with both sides of the market. But if you are looking for easy money using signals then you are taking the wrong step. You have to learn trading on your own and not depend on some fake pointers spammed by a random internet username.

If you sell your coins, we will be ready to buy. So no issues there, you will be the only loser here. Of course it is working just that you need to work with the market.

Any project can shut down all of a sudden and high APY is the temptation that they have to put on the table so that investors try to grab their share of it. You cant propagate a scam if you are showing them that they will very minuscule returns. So this has happened from a long time before crypto and it still works to fool people easily and properly into giving away their assets in the hands of the scammer.

Today the money lost with some staking schemes - do you think it will ever come back to the hands of those who actually owned that money and had worked hard to earn it in the first place? No, the legal procedures will take years and by then the vicitim would probably be on their death bed.

So be patient and dont be foolish enough into jumping for every new staking/hyip/mlm or any other high-risk scheme.