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It's centralized I think if they will just digitalize our fiat currencies like US Dollar.
Stablecoins now are pegged with 1:1 from fiat currency (I hope so). So the issue here is still being centralized and it is really far with Bitcoin.
So for me, I rather use Bitcoin and that is better to use globally. Bitcoin is already here, no need to use any others.
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Patience to hold, it is a matter of choice for me. It is not a gift for me, because if we do not choose the long-term or the short-term, we will not see results. In short, if we don't start now when?
(...)
It is also a matter of time like the time when you enter the market or open your trade. There are a lot of people who are not fans of long-term or hodl. If they see an opportunity, they go and they do exist based also on their analysis. Some traders are just here for profits or money, sometimes they don't care about the fundamentals. |
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For me, Ethereum and Bitcoin are almost the same right now. Like if I want to trade Ethereum, I am just trading Bitcoin too.
We all know that Ethereum correlates with Bitcoin most of the time, so for me. It's not new anymore and it's not good or ideal to compare price action of Ethereum to Bitcoin especially if there's no any fundamental news or events that is from Bitcoin or Ethereum particularly.
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Since FTX is gone. And Binance/Bitmex are all KYC. Any decent exchanges which are KYC free ?
I heard good stuff about Bybit. Says no kyc for <2BTC withdraws.
What does everyone use?
Seems every exchange nowadays started to implement KYC which is really making some people pissed off. A lot of people also are afraid of centralized exchange now. So for sure, some of these people are starting to be forced to undergo with KYC process to some centralized exchange that is reputable just like Binance. So for me, if you don't want to submit KYC, others are right, Kucoin is the solution. |
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1 ) - stop listening to twitter/shit medias , bitcoin " advisors or consultants" usually they are paid advertisements from btc whales to buy lower or to get more profits in their shorts : panic panic panic : china china china , russia russia russia , SEC SEC SEC inflation inflation inflation . ....... all bullshit
(....)
And also stop watching the price of Bitcoin or chart from time to time. It will not help you. If your goal is for the long term, you don't need to observe the chart 24/7. Go out, meet someone or do some things that will help you to avoid watching charts from time to time. |
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Yobit is an old exchange with several bad reviews from users, a little search here in the forum or through google will give you the exact picture.
(.....)
The only reason that a lot of people got bad reviews about Yobit Exchange is because of a lot of shitcoins that are listed on this exchange because even the Yobit Management is tolerating these shitcoins. Another thing that I'm thinking is they are also sometimes doing pumps and dumps on their own exchange to earn more money. Very bad exchange for me, the more shitcoins listed on an exchange, the more red flags. |
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To be honest, I think I lost $4,000 - $5,000 on FTX Exchange.
The dumbest thing I did was when there was already a rumor about FTX, I still deposited $4,000+ to this exchange because I want to convert the crypto I sent to another chain like I used FTX Exchange as a bridge. And after that, my withdrawal started can't process.
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Seems the Tron network now got a huge TVL because of the Defi lending platform which is JustLend. If you take a look, JustLend's Dominance is 65%, very far from other platforms inside Tron Network. And if you go to JustLend, the highest supply there is Bitcoin is more than $ 1 billion. So for me, it seems even if USDT will fail, the Tron network is still here.  |
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the biggest problem with ATLAS is there is no incentive to buy it, you buy their ships off them with USDC, sure the secondary market has ATLAS ships but most ships are bought in USDC.
then these ships make ATLAS rewards and people buy the resources with the ATLAS it generates, after they sell the excess ATLAS.
it means they just get ATLAS and bought in with USDC so its just a negative on the ATLAS token.
its a big problem in move2earn and play2earn they build these ecosystems that just don't have driving forces to actually earn.
this is actually a problem I spent a long time thinking about and started my own project to solve
Just watch how this project collapse when the community become huge enough so that new comer cannot sustain the price. The incident I am talking about happened to Axie Infinity, so I don't think this game will be an exemption. (....) I don't think. For now, Star Atlas is far from Axie Infinity, we all know Axie Infinity boomed also during the bull market last year and end of 2020 and if you also take a look Star Atlas, for now, is still to become an Axie Infinity-like play-to-earn NFT. Start Atlas is just very unlucky that they still don't have any product before the bull market and now the market is really bloody, that's the "no exemption" for me during a bear market. |
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...
Why is long-term investing good?
* Not Risky - Because you have only invested in the market for the long term, You just term or hold, there's nothing to get rid of and you can't opportunities will miss out on the market because they have invested, it's just you The others are in and out of crypto, so of course, if you are outside of crypto, you will miss the other opportunities here.
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While I think this is a good post this is the part I do not agree with, long term investing is less risky but it still carries risk, for example if you invest in a shitcoin then it does not matter that you hold it for the long term since at some point during that time it will crash to zero, and even if you hold good assets like bitcoin or gold which will most likely never crash that hard, there is still a risk as it can take a long time to recover your initial investment, and if during that time you are forced to sell by some unforeseen circumstances then you will lose money, but other than that you did a good job with this post. Exactly. Not all projects are worth for long-term investment or good to hold for the long term. This is already proven over time with Bitcoin and other altcoins. Try to use an example Bitcoin versus other altcoins or new altcoin that popped few years ago, that altcoin popped few years ago are already not on the spot where it was before, while Bitcoin is still there. |
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To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.
(....)
I believe this is something like when you invested early with compounding that invested later on. We, retail investors, are also big players in the market, it's like if we combined all together, we are big though. That's why they must underestimate retail investors because a lot of people telling that institutional investors are always the key players which I don't think so. There are a lot of retail investors who are hodling and keep buying even small amounts of Bitcoin. |
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This is why I keep repeating this mantra: do not use an exchange if you want to truly control your BTC! And, as we have seen in this example, local wallets are indeed the safest option.
But is it really possible to not use and exchange? How can you convert your Bitcoin to cash then? Or how can you buy Bitcoin with your cash if you do not use an exchange? Isn't it too much to advise people to not use an exchange and isn't it much better to advise them to not leave their cryptocurrency in an exchange nor use it as a wallet in keeping our cryptocurrency? It means using exchanges to control the ownership of assets without any limits, exchanges still has some terms of use that are against the principle. It's not always wrong to use exchanges, traders have even stronger reasons than long-term holders. Selling bitcoins for cash means that you'll release your bitcoins from control afterward, so this is a different use case. The issue here is because t here are a lot of people out there who treat centralized exchanges as personal bitcoin wallets or non-custodial bitcoin wallets which is a red flag. That's why there are lot of people who encouraging these people to not do it, like , withdraw all bitcoins to the exchanges and store it to non-custodial bitcoin wallets so you can guaranteed your bitcoins are safe 100%. |
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Government control the monetary system of the nation and if you have other alternative on which they don't have control and you are provided with complete financial freedom would they not fear it? This is why they put ban on bitcoin usage and put forward all fasle claims on btc so that people also fear it and don't use it and they have control in their hands.
It's just sad that these governments can't control Bitcoin, it's not how Bitcoin was created. I believe soon these banks will just fully embrace Bitcoin. It's like, "if you can't beat them, join them". Bitcoin was also created because of the current problem we have with traditional finance. Because you can have your own bank just in your pocket. And banks or governments hate it. Another thing why the government is scared of Bitcoin is because there are a lot of people using Bitcoin for scams, fraud, or any criminal activities. |
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Congrats and good for you. I'm sure you bet to know how many are always losing in futures and that's because they still lack experience and knowledge.
I guess, if you're a full-time futures trader then you're so good at it and you're making a living from it. Like you're going to make more than $100 a day or every trade you make.
I believe that even though OP is good at trading, there are times that you still lose, it's not Christmas day everyday in trading. There are a lot of traders who are losing millions even those companies or trading firms, still, lose and some of them went bankrupt. So for me, we must not feel comfortable always when doing trading, we must learn and grow along the way. |
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Also, apart from pine script programming language that is specifically trading view, is Python the only other programming language I need to learn (No JavaScript and all those other programming languages)?
(.....)
It depends on your goal, there are a lot of programming languages that can achieve the same goals, even javascript programming I think you can automate trading just like communicating with other exchanges' APIs to execute some trades, you can do it on node.js I believe. But yeah, pinescript programming is very advisable to learn when it comes to trading. |
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Leaving sentiments asides, will you advise someone to still buy some Bitcoins (Not up to the value of 1) if they have an amount of money that will be okay to purchase the equivalent of 1 of a good altcoin with a strong community? Is having some bitcoins (in decimals) more valuable still than having the value of one good altcoin?
I will choose Bitcoin always. Especially during these times like now. For me, it is much better to accumulate more Bitcoin than altcoin, I'm not telling altcoin is really not worth it, but maybe a small percentage is good. Because for me, Bitcoin is always the largest percentage on my bag. |
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It must not be listed in any of the major exchanges. This is not a hard rule but I noticed that 1000x coins are mostly unknown.
(....)
Super agree. Those coins are considered hidden gems, which do not yet really exist on some major exchanges. Before, Kucoin Exchange is one of the exchanges that are good to spot some gems here which is to be considered to be 1000x in the future, but I don't know now if Kucoin Exchange is still good any suggestions? But behind that, consider also other things, like tokenomics (very important). |
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but first i want to see if it can confirm the 14$ price to brake over 14.70$ then the next price could be 16$-17$
(.....)
 Here's my technical analysis for Solana, for me, I agree with OP that Solana is really oversold. But for me, it's a good buy starting now every time Solana drops below $13. Since I believe, if Bitcoin still continues dropping will not be able to regain the $20,000 level. All altcoins too are affected and continue to dump. For fundamental side, FTX Exchange really fcked up Solana, that's what another reason why Solana is extremely oversold right now. |
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Todays world's economy is not so good. High rate of inflation and many bad things are happen, also cryptocurrency market seems not so good either. But I think it is better to hold bitcoin rather than fiat as government seems that can't do something significant improvement on economic growth.
(.....)
What we are experiencing now in the cryptocurrency market is not only there, it's a global effect because even if you take a look at the stock market, they are also bloody. So for me, seems this is normal in cryptocurrency and I agree with you as buying Bitcoin is better than buying any random altcoins. I already experienced this before, during bear market season, don't attract those super sale altcoins because later on, you will realize that it is much better to buy Bitcoin than those altcoins. |
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