Besides requiring patience, we also have to be able to hold promising coins that can give us future profits. But many people can't be patient and have strong hands holding their bitcoins and waiting until the price increases. So if this year is pretty much the same as 2019 but those people still can't hold their bitcoins until the price goes up, they can't get the desired results. And at a time when the market is still volatile as it is now, it requires more patience and waiting for the market to recover and be able to get another long rally fully.
The saddest part is when people start understanding the value of waiting, but then do it for a shitcoin and lose a lot of money and start considering that as a wrong move. The reality is that holding is great, but if you are holding a shitcoin then the problem is not with the waiting but about picking the right thing, it will end up with a trouble. However, if you end up with something much better, like bitcoin or ethereum, then holding is actually quite good and should be valuable lesson for sure. I personally believe that the best thing to do is providing people with a good return in the long run with good coins, and for that to work we need to make sure we promote bitcoin and the likes. |
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Also, it appears that the American government is beginning to accept that they cannot ban cryptocoins and the cryptospace. However, they will create strict regulations where it will make it harder for us to buy cryptocoins and where the easiest way to buy them is through illegal services hehe.
According to the details from the meeting, the G-20 presidents’ group received collaborative support from the International Monetary Fund and the US. Speaking to Reuters, Yellen mentioned that there won’t be an outright ban but rather a strong regulatory framework.
It would be silly not to have a regulatory framework to begin with. What did we expected governments to do, just let people do whatever they please? Of course not, the job of the government is to put regulations and rules so that people would follow, without the law, we are no better than the animals. This is why we end up with such a thing and we will have that framework in order to make it even more legal. This isn't a bad thing, it's in fact a good thing because it means everyone will know what to do with it. Knowing what is legal and what is illegal is a great benefit to investors, you will have absolutely no fear left about what you are doing. |
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One of the best cities with a top-notch booming economy and a fantastic location hub for international trades and investments is Hong Kong. As Bitcoin and cryptocurrency has been on the verge of been made legal in such a significant and prominent place as Hong Kong, believe the operation of means of payment to be efficient and dependable. There will be more potential for expansion in the neighborhood as new investors are proud to expand their operations there. There is a significant majority of its residents who place an emphasis on embracing cryptocurrencies and who also go above and beyond to buy bitcoins to be placed in their different portfolios for significant gains when the bull comes. Due to the large number of people who will start trading and making significant investments, FOMO will completely disappear.
I understand that Hong Kong could be a great place for crypto, and yet it is a global thing and just one nation or one city won't change much. Remember the fact that New York made it as hard as possible to have any crypto companies in it, I think it was the mayor or something back in the day and all the crypto companies there got closed. You know what happened after? We broke ATH twice, first to 20k in 2017 and then to 68k in 2021, and this was after what happened in New York. Can you tell me it is not a good place? The place with the most money in the world and wall street? Of course it was a great place but banning didn't change much in the long run. |
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start a competition in the gambling section of the forum if you want
Why so savage? This was an educational Giveaway, and this game was in Beginners and help section. Why does he have to start the competition in the gambling section? Participants don't have to place bets with their bitcoin. They have to guess a number, and that's it. I saw a lot of controversies about your personality. Some people accused you of being rude and writing unnecessary walls of text. But, honestly, I didn't follow your posts before today. Calm down, dude. There are some people who are just unhappy and angry at all times and that's just about the life they live in. I mean it is not really a big problem for all of us because we could just ignore them and move on, but it will always be out there, you can go check twitter and find their main place, they are all there talking about how everything is terrible and the whole world is in danger. Of course when you live a bad life, and you are not happy with your life, there will always be something that looks slightly good for some others and you wish to change it so that everyone is equally as upset about the world as you are, and this is why they do all of this. This isn't about franky1, I have seen him around, he is a cool person, it is just general approach. |
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if you're not constrained with BNB ecosystem then I'd say investing in aptos and other similar newer coins might be significantly more beneficial for you for the long term since they are the ones that gonna get massive increase in value. I think BNB will just stuck nowadays, many project are actually using the newer blockchain because these newer blockchain are the trend, but maybe eventually BNB will also rise.
BNB has a fairly high risk because its price movement depends on the development of the exchange. When compared to some new projects based on BNB smart chains that are not making good progress, BNB is an altcoin that has managed to maintain a high price due to the support of a large amount of demand from the Binance exchange. If there are no good events, it will be difficult for BNB to increase prices. I wouldn't say that it depends on the "development" of it but how much it is used. Considering it is probably %50 of all trades in all exchanges, and basically half of all the spot trading happens there, I could say that even if it doesn't develop further, if it keeps this up then BNB will stay valuable. Right now, it is third highest cryptocurrency and it will stay like this as long as Binance is powerful. On top of that, there were tons of "bad" news regarding binance recently and even with all that negative information that people wrote as fact when it was just a rumor, people didn't leave it and the price kept on going higher anyway. |
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Dump $doge ？  BTC= $100,000, when Doge =$1 BTC= 1 million, Doge= $10 I would say that it is nearly impossible, but I have seen it go up too much to think that it can't. However, to expect it to go up this much is definitely wrong way of approaching to investment. I highly suggest everyone to just invest according to what your investment provides and doge does nothing for you, it is just a meme and nothing more. Bitcoin is a true cryptocurrency, the first one at that, whereas ETH proves the chain, and BNB is tied to biggest ever exchange and many others, doge has none of that, what does it do? Just make you money? Why not make money with others then, it is not really a feature. I suggest staying away from it, we definitely should. |
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Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?
I think that the FUD about Binance's stablecoin BUSD was the chance to buy a cheap Binance Coin (BNB). Since for me, it was complete FUD, and BNB price really dumped due to that. After all, Binance is still here, FUD is FUD, and we already have a lot of experience with FUD on stablecoins just like Tether before. There is just too many people who are hurt about Binance being as big as it is right now. Look at the volume size of all other exchanges, if Binance didn't existed tomorrow, they would make so much more profit, and I mean like multiple times more than what they are making today, so making people doubt about binance was a good business decision and they did it. Of course most of us didn't buy it, because we know how trustworthy and great binance is and we will keep on using it, and I would suggest buying BNB because of this as well, I think it is an incredibly well made one and should always be used. This is why I believe do not fall for the FUD and invest into it. |
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Thought it was time that this analysis from a few weeks ago had it's own thread. We're currently still "on track" for $50K this year based on 2019 fractal. Should also add that I see the argument for a +50% move to around $36K with current rounding bottom formation and a breakout above $25K, but otherwise not convinced this negates the +80% target to $50K+ after reclaiming $30K, instead quite the opposite.
Similar to 2019 there was the initial +30% target to around $5.2K after breaking back above $4K, followed by another rounding bottom +100% target to around $12.8K once $6.4K was reclaimed. The only difference in this scenario is that these targets are overlapped; firstly to $36K, followed by reclaiming $30K to reach $50K. Goes without saying that targets are never guaranteed to be met, even if they often are.
Why wouldn't it though? That's the question we need to ask ourselves, why wouldn't bitcoin repeat itself? It has the capacity to go up like that and it has the potential to double once again, even quadruple along the year. If you remember 2019 good enough, you would know that 14k was seen that year, which means that we started at 3.5k, reached to 14k but dropped to 7k, and if you applied to this year, we could see 16k becoming 64k for a while before dropping to 32k. Maybe not exactly like that, but I can see the price going above 40k for a while and I think it is going to end up with a good amount of return for most investors who get in right now and earlier. |
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A friend of mine came to me and we were having a conversation and I was trying to introduce he to the forum,but he turns out that I was asked if I really trust and believe in bitcoin it will never crash like other cypto industry.
I want know if it will not crash and I need help to convince him about it that it will not crash because am a beginner and I haven't know much about bitcoin so I guess been here I will fine help to assist my friend to join the forum.
Oh yeah. Bitcoin is very trustworthy. What was the first answer you gave when your friend asked you that question? We want to know too. Bitcoin has crashed and if you gave him the answer that Bitcoin has never crashed, then you need to go to him again and give him the answer that Bitcoin has crashed in 2018 and 2021. You need a broader understanding and knowledge to know before you try to convince others. Because it will be fatal if the person you are trying to convince knows more about what you are trying to convince. Bitcoin crashing is not even a question anymore, it is a proven thing that it will always crash and it is normal for it to crash. Something that goes up as much as bitcoin does, will eventually crash no matter what because it gets too big at the highest levels and that is just a normal thing to see when you are investing. I know that it is not a happy thought that it will eventually crash, but after every new ATH we end up with a new crash. OP could tell their friend that it will not crash anytime soon and it will go up first, but eventually it will crash again one day, and a big one at that, at least 50%+ crash, it just has to happen in order for market to have this cycle. |
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What do you guys think? Is this Whale manipulation or Bear market is over and we might see a new ATH by end of this year?
What I can deduce from this is that neither the whales nor anyone else are manipulating the bitcoin price. it is simply fluctuating like it always does (up and down). The bear market is currently ongoing and is not over. By the time of the halving season the following year, the price of bitcoin should reach its ATH. I agree that it's fluctuating like always, but at a higher price than it was for months. That alone itself is making people super happy about it, and we were down to 21k just recently and went above 24k again, which is a good increase and we did that twice or so, maybe more, which is once again a proof that it is doing well enough that we could be happy about the potential increase. It doesn't mean that it is going to stay this way, of course it could change and be a bit different or it could take some time to go up, but it is at least very good as it is right now. I believe that 25k+ will happen soon enough, and more will follow that right afterwards, just looking at the chart, it looks quite possible. |
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I guess it will take some time before we finally arrive at a 30k Bitcoin recovery price, because according to present market forces and sentiments m, I think we are going to stick around the 23k-24k price region as every possible attempt has failed to keep Bitcoin strong at the 25k before we make any Triconclusions or subject.
- customers want consolation so that they will do whatever is possible to satisfy themselves and be fit from market volatility and instability of price
I think that 24k range is stable right now and doesn't mean that it will stay there, it could, but it doesn't have to and we could see it recover eventually. Which means that we are required to have some sort of situation where it would end up with a good increase, and 24k will not be able to keep it down this time around. We had a good amount of sellers at a bit above level, and those sellers are either bought, or getting away or putting their sale to a higher price now, which means that next times we try, will be easier to go up. One day we will wake up and see it go above 25k like it's nothing, that will not happen because it was easy, but because we managed to damage that level earlier so far. |
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This doesn't only apply to trading but to every other aspect of life, if you lack of the knowledge of a certain things and then decide to indulge in it with the aim of getting profit from it without even trying to first get the knowledge that you lack you're only going to end up with everything gone. So if you or your friend go into trading without the appropriate knowledge needed the first thing that you or your friend should strive for first once you start trading is to gain experience and also learn how the market work. I know sometimes some newbies with beginners luck tend to do pretty well and because of that they feel that there's no more need to learn about it and at the end they'll leave with nothing in their pocket.
Op, you first try to get the knowledge needed for trading and when you feel you've acquire enough knowledge then you can start trading with small funds (the amount that you can afford to lose) and before you know what's happening you'll be a pro. But just know that you're going to lose tons of money before then but if you're able to withstand then you can make it.
Unfortunately it is the truth, there isn't anything we could do to make those people understand that it requires a lot of time and patience in order to study and be a lot better. Most of the time the learning curve is a bit tricky on most subjects, you can learn more than most people in a matter of days, at most a few weeks, doesn't matter what the topic is, but in order to master it you should be able to spend months and months on it, and that creates the trouble, being better than almost everyone aside from masters, and yet not reaching that master level for so long, makes it harder to put time into it and just want to do it and test their skills, which ends up in a loss. |
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Interesting. Does it mean the report OP shows is incorrect?
I would be happy if it's incorrect. There should always be a healthy competitor. Otherwise, they can force us to do whatever they want. Suppose there are no other exchanges, and you must only use Binance. This is the scariest thing I can imagine. I am not saying their service is terrible. But, Not having any competitors will make them arrogant, and slowly, they won't take care of any problems. They will do whatever they want, and I won't have any choices. An Exchange alone shouldn't have more than 45% trading volume. Otherwise, they will control the market and cannot do anything against them.
I agree that it's definitely not that easy to consider the situation we are in right now, it's not that easy because we are talking about bull period and during bull period too many people are blinded by the potential profits and not the losses that they could make. It is not an easy decision to suddenly stop everything and focus on the potential crash that may come, and I know you suggest that people should be careful about it, but it's not an easy thing to do at all. Just consider 2021 when we dropped from 64k to 29k and then went back up to 68k, people are just not sure if we will crash, or we will have a rebound or not, so it becomes quite tough decision. Well, it is a bit difficult to calculate from the CMC website considering Binance owns it, they put themselves at 9.9 rating whereas the closest is 7.8 with Coinbase, which should be proof enough that they calculate it with a big bias towards themselves. However, assuming that they are right about that, even in that website they are closer to 50% or so, and not 98% by any definition at all. I would suggest it is still basically a big large portion of crypto as of right now and that is understandable considering how large they are, but they are not 98%, huge, but not that huge. Is this a threat? Maybe, only if they turn to be shady suddenly or bankrupt or hacked etc etc, but if not, at this moment, it's fine. |
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It is a known problem based on poor economy education. How many forum users do understand concept of 1BTC=1BTC in any sense? I guess it could be so that a majority thinks that it is a fun meme while this idea in one of senses shows that you haven't lost until you exited into fiat. And it is about investing, you should be prepared to wait long enough and chose assets to invest wisely. So now bitcoin is far from it's ATH and previous peak so it is a good idea for investing. But trading rules are not like that: you need working capital all the time so sometimes you need to close the loss even in a prospective asset to have an opportunity to trade here and now.
Just the sentence of "you haven't lost until you exit it to fiat" is beyond the understanding of many people. I don't get it, why is it so hard for them to understand this, it should be an easy thing to see and it is definitely easy enough to see how it works out in the end, but if people are not entirely sure about it, and they do not get it, and panic sell whenever price moves, then I would say that it is not going to be that much of a help to explain to them neither, they should have understood it a lot early on. I am responsible for myself and I understand it which is all I need, and I am always emphasizing the importance of keep buying and holding for long time, but not sure how many people do find the real meaning and get benefits. |
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If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ?
There's no one to blame but yourself. You're the one managing your money on where to spend it and what to prioritize. It's fine to do what can makes you happy because you deserve to reward yourself for being a hard worker. However there should be a limit and not come to a point that you're short to pay your monthly responsibilities just because you overspend. That is basically the way generation Z sees it these days. They realized that they won't be able to get rich as much as their grandparents, and possibly not even as much as their parents, and they decided that it is better to just spend that money on what makes them happy, and not worry about the future and what it will happen if they face a trouble. Because why spend 10 years being insanely unhappy by living a frugal life and save to get richer, when governments could ruin it in a single day? So it is better to have a better each day, and then let the problems handle itself when it happens, instead of being unhappy majority of their life. |
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Unfortunately I don't have untouchable savings because every cents has their own goals and I think it would look stupid if there were people who still had savings but couldn't even enjoy life properly because they prefer to keep saving it for things that may not even happen and it will look even more stupid if the amount is big and can be used for an activity that is more profitable than just saving it.
I both agree with you but also disagree with you, depending on how people live. If I am saving and putting money aside and not touching it and yet I still live a decent life, then it's a good decision. If I am saving and I am very much poor, then it is still a good decision because it could suddenly go up and make me get out of that poverty, spending just a little bit won't help, but investing a lot and getting rich later on could. However, if you are like me, neither in poverty nor rich, and have some money, the nit would be a smart idea to sell some eventually and live a better life instead, could make up the difference between happy life and boring life. |
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For me personally, Bitcoin is the king of the crypto market, just like the collapse of Luna had a huge impact on the market. This is just hypothetical if Bitcoin crashes, then I think other cryptocurrencies and the whole market will crash, so I won't invest anymore.
Actually, I personally still believe and bet on Bitcoin, I also think like you, believe that long-term investment will bring quite high returns.
That's not even a guess, it's a fact. If bitcoin crashes then all of the other coins will crash as well and there is no way around it, the crypto market as a whole would look terrible. I do not believe that it will though, I think bitcoin already crashed and this is all it can do, there is no scenario where bitcoin is gone, it's going to be here as long as we live and I think it's quite important to know that difference as well, going down a lot like we did in 2022 and going down to nothing are two very different things and I believe that we are not going to be nothing. However, I agree that if we ever do, it will be bad news for every single coin. |
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If the whole wide world will see and understand that bitcoin is the best alternative way to save up their assets in times of war or difficult situations. I don't think there will be many financial hardships when war or financial crises arise in a country.
The current events occurring all over the world should be sufficient justification for many people to use bitcoin as a store of their assets, but due to how the media portrays bitcoin as a poor financial tool, people are continuing to be hesitant about it.
Thats wrong perspective about war. If we were around the region or country where war is happening we'll understand what the real impact it had made over their living condition. Maybe there are justification, but this isn't the reality with every country continuing the war. Just think of the recent earthquake, everything collapsed and what is left with the people is nothing. Once again from the very scratch they need to build. Bitcoin can be used as safe haven, but how it helps at our critical situation is a question. It all depends on our luck. It is good for both rebuilding your life again, because you invested and made some profits, but it is good for donations as well, people all around the world helped Ukraine during war and now Turkey and Syria with their earthquake as well, in tune of millions of dollars. I remember reading about Ukrainians who fled the nation during the war, would have hard time passing through the borders with valuables, and that is why they put all their money into bitcoin and moved anywhere they want and then they ended up with cashing it out, this way they wouldn't be carrying anything at all, it wouldn't be an issue to "carry" it because it's basically online or at most a usb ledger nano that's it. |
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As in any other investment, the investor in cryptocurrencies must have the qualities that make him qualified to make the right decisions, as well as be patient and bear the great psychological pressure as a result of entering into high-risk deals.
Therefore, in my opinion, this is not wise, yes, children and the elderly should not invest in cryptocurrencies because they carry a high risk, children are not able to make correct decisions regarding these large fluctuations, and the elderly can also be exposed to great psychological pressure that harms their health as a result of their loss sometimes .
Define "children" though? Are you talking about someone who is 7 years old, or 17 years old? If you are fine with people buying when they are teenagers, like they are in high school even if they are on their first year, then I agree with you, anyone in high school should be capable of investing and should learn investing one way or another plus they have a lot of time to wait, they are very young and they have decades to invest and should be fine. However, if we are talking about even younger, I agree that it would require parental supervision to do anything, and how much could they even have? Anytime anyone is old enough to work, they are old enough to invest, and should invest for their future. |
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Is Bitcoin a perfect birthday present for a 25 years old college student? I want to surprise a friend, he is facing a lot of challenges due to his studies and he likes Bitcoin but can't afford investing money because of his studies since he is sponsoring himself, we've been together since 2011 and his birthday is on 27th of this month, do you think 0.03BTC is a cool present 🎁 for a birthday.
Would you love to accept Bitcoin as a Birthday Gift?
One thing to be certain is that you need to keep a check on it. Because, if the friend is not interested in bitcoin at all, and have no idea how to cash it, there could be a time when they ask you how they can cash it out, and in that case you need to keep up with how he can, if he hides somewhere and you have no idea how to cash their bitcoin out, because you want to gave privacy, then you will have a bitcoin that is no longer available and basically burned. So even though it looks tough and not nice, you should be able to keep a finger on that so that if they ever want your help about it, you should be able to move it like they ask, but always keep yourself away from it until then. |
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