How can national banks stop the rise of Bitcoins? Just by urging people to stop using it won't help because people are smart enough to understand why banks hate Bitcoins and if it was so easy to stop people, all the illegal casinos would have been closed by now. Yes some countries might ban Bitcoin which no doubt will bring the market down in that particular country but still there will be people who hold bitcoins and even trade them silently.

Covid-19 almost proved the worth of Bitcoins and digital payments more than anything because all the stock markets crashed but it was bitcoin market which despite everything around it held strong and now with the virus almost gone, the market has recovered and now touching new heights.

I am pretty sure the logic is that if we could have an international bank that could be even a digital one, that gets the right to be in any nation, or at least approved nations, you will not be forced to have a location aside from HQ in that country, (meaning there is no need for bank stores physically) and if you could work with other banks for ATM or put in your own BTM type of deals around the nation, you could literally have a global crypto community tied together without ever needing another bank.

This would be sort of like an exchange, which also will include fiat as well but would be mainly like an exchange, think of it like binance that has BTM all over the world, you can withdraw crypto or fiat from their BTM and everything else is literally the same as Binance for you, that would be amazing. So, do not think traditional banks, just think exchanges that got rights to work like a bank.

We all like Bitcoins but during trading of Bitcoins and altcoins, stable coins play a vital role and the thread is not about whether holding bitcoins are the better choice or holding altcoins because that debate is quite obviously won by bitcoins.

I usually prefer USDT because it is right now the most popular stable coin and the market cap is humongous which brings more trust in them. I don't know what issues they have and yeah I know they don't do public audits and other important things like how much is the reserve but I still don't feel that makes them untrustworthy.

I have worked towards making customized transactions many many times and I can tell you that it is still quite high no matter how you do it yourself. Go check how much it costs and you will see that it costs way more than it should. Ethereums increase is capped because of this gas fee situation and I think it will always be capped for a very very long time. Sure it goes up and it can continue to go up but those prices are horrible for each fee.

I never NEVER pay the preset versions, I am not in a rush so I can wait, which means I will end up spending the bare minimum price require to send without being cancelled and that is why I do not care about whats written on the preset ones and even the bare minimum that goes without being cancelled is above 35 dollars right now and that is just way too much.

Yes, I am impressed he knows so much about trading and still has the heart to learn more and ask the community. If I was so knowledgeable I would be rather trying to teach others instead of asking to learn so that is really nice of him. Margin trading you mentioned, is really dangerous and one should only jump into margin trading if they know how risky it is and remember you earn faster but you lose even faster.

Well said because one can polish their outer qualities and still lack because they haven't mastered their inner qualities. An investor with a big heart and trust in Bitcoin who invested in 2018 might be crying of joy just because of their control over emotions and ability to not panic in tough times while a trader who knows all the charts and everything might have sold them given how rough times we have been through.

I won't label the manipulators as scammers because its their money and they are free to do whatever they want. You must also understand that each and every one of us is a manipulator in some form because we hold any amount of coins which will then impact the market and the manipulators are just the bigger version of us.

Manipulation has indeed decreased since BTC got so popular but still there is massive amounts being stored by some rich dudes and I hope the market becomes more smooth and coins are distributed more evenly and even Elon musk in his recent tweet said "the main problem is concentration of coins".

Mate you are so right here! I mean yes people often talk about projects with future and everything but at the end of the day we are here to make profits with all the actions we take and if you can actually make profits off a shitcoin then it doesn't matter at all if the coin was good or bad. You know when Musk tweeted about dogecoin there were some guys who quickly realized now the market will go crazy about dogecoins even if it is the worst coin or not. Some guys bought huge chunks of coins and once the market got crazy they just sold and exit the market with good profits.

Half of the investors right now who are buying dogecoins don't even know what doge is and why its being so popular suddenly, all they know is that their hero Musk has tweeted and supported it and they should follow the suit. Now I am not going to say much about Musk but smart guys will just observe and make profits through all this drama among whom one might be Musk himself.

First thing I would recommend you here is - Listen to everything and everyone but do only what you think is right!

There are some great opinions here but seriously its easy to advice others on what they should do with their money but everyone of us are hesitant following our own advice if the money involved was our own.

Like you mentioned, you worked hard for the 16k you have now for investment/trading so please be careful and I would suggest only investing like 25% of it initially and once you feel comfortable enough go for another 25% because in crypto you will lose money like crazy while also might profit like crazy but because you are new I suggest going small.

Some good coins I would suggest investing/trading with are - Dot, Doge (solely because of Musk impact), Trx and Ada.

You know how rich you are should always be evaluated by where you live because if you live in Asia and you are rich enough that shouldn't make you feel poor in comparison to USA or some other rich country. I mean the wages you earn are based on the GDP of your country. Consider how much is the monthly expense of your family and compare it to the rich country like USA it simply means that you are earning lower as compared to them but then things are cheaper too in comparison.

Rich should give money to poor? That's how it should be but that is never going to happen. One thing if ever I believe should happen is, there should be highest tax on the biggest earners and lowest possible tax on the lower earning people which ultimately helps the poor earn more and cuts of some extra from the rich and serves the same purpose as rich giving to the poor, indirectly.

This is one reason why I never stake my coins because unless I have the private keys of my coins, I am not the owner of the coins and nothing I can do in case the platform runs away. In greed of chasing some extra coins, I don't want to lose the initial capital.

I would rather lend Bitcoins or altcoins to online people whom I know and earn interest in that manner. There are still some honest borrowers in the market who would take your coins by providing some kind of collateral or guarantee and then slowly repay the loan with interest. Overall, I don't like the idea of staking coins because it makes the rich even richer which ultimately means the coin is going to die soon.

Actually 1% is really good because if someone is constantly earning 1% daily that basically means you can double your capital within 3 months which is quite amazing to think about. In an year that means 16x your money, if compounded earnings, which is really crazy to think off.

One thing you need to always analyze is that the earnings from trading are happening because of your decisions instead of luck because there is a big bull run market saw this year so I am not sure if 1% earnings reflect your ability to trade or just the luck you had during the bull run which the crypto market saw in recent times.

I have not used bots at anytime and I have no plans to make use of it. But according to my friend that used it once , he said it is not worth it because he didn’t really gain from it. What he used was just one bot, there are many of them out there, so I still can’t decide whether they are profitable, but from what I have learnt bots are not just what you install and relax while they trade and make money fir you, nah, from time to time you will have to be doing some setups and that’s what keeps them going. They can only make the work easier for you.

We are going to hear a lot of "new" coins in the future that will be top coins as well, that is going to happen 100% without a doubt. People assume that we have a very strong top and that is sure but we have seen polkadot come in and destroy all that and move to be the third biggest coin behind btc and eth, I am not counting on USDT because that is not even a coin, it is just some company giving you ledger and that's it.

Long story short in the future this whole top 10 could change, it s harder for btc and eth to be moved from their spot, but I am sure 50% of it could change in a day, many things like USDT could be gone in a day, and others could just drop down while other new stuff come out. So, do not get attached to any "important" coin because they may not be so important forever, eventually they may lose all their value and become a lot worthless.

First let’s start with a normal investment that is not Cryptocurrency like gold and bonds and the rest of them – you know very well that none of these that are considered legit will fetch you up to 100% in a year right?

If you invested in bonds, in a year your highest profit will be 12% , so if you invested that 500 dollars in there you’re going to be getting extra 60 dollars making it 560 dollars in total. Then you come to cryptocurrency and you’re able to double that money from 500 dollars to 1000 dollars, that’s more than enough, you can withdraw the extra 500 dollars you have got and the rest can be left in the market since it’s now like free money that you’re investing with, and if you’re lucky the market will still increase.

I do agree that newbies trying to go from zero to 10x is really weird, first of all the idea of "zero to 10x" literally means zero, because 0x14 is still zero. Whereas going from 100 bucks to 1400 bucks for example is a valid thing and many newbies who are young do not even have that, everyone thinks "even a kid has 100 bucks" but that is USA or UK or places like that, I remember when I was a kid and I survived with only few bucks a day, that is how you do in third world countries.

Long story short becoming a very well trader that does 10x requires you to be amazing and give all you got as well, if you end up not being any good at all, do not be shocked at first because when you first start you will not be great and eventually you will get better and better. My first trades were horrible, but my latest ones made me a lot of money, you just get better over time.

That is the thing about BNB, it has gone up so much, made x7+ increase so far and when I tell people that BNB is vastly undervalued and easily could be 1000+ dollars in near future they think I am crazy. BNB is not the old BNB, what was the initial thing that BNB was for?

It was for having some BNB on your binance account so that you could pay less transaction fee and that was about it, nothing more. However right now it is used for such a huge huge huge smart chain, it is basically like ETH but much better and cheaper and faster, with less things around it, but with time it will have more and more and more projects on it as well and the price will definitely go to 1k+ prices without a doubt. I love my BNB and I am not going to sell them until BNB is 5k+ and that may sound crazy, something to go x50 higher, but I believe if anything could do it, it is definitely BNB.

I do not really have a goal price to sell because I do not plan on selling anytime soon, I do not want to get out with a specific target because maybe it will go higher or maybe it will drop, but in the end the more you wait the higher it gets and I do not need it right now so why would I withdraw? By logic I could say that I will get out when it is 100k+ or so, but I know it will probably not get there, or even if it does get there one day, it will probably take a lot longer than I can wait, I want to wait for 10+ years but not 30 years, so by 2030 or so I will probably be out, and by that time it won't be 100k neither, it will be probably like 50k so I will be getting out there probably.

However if it does become 100k+ before 2030 (which I think is very very unlikely) I will probably get out, so you will be right about that "have a goal in mind" situation but I just do not think that goal will be reached so instead I put time on it.

I think it is not "his" bitcoin but he owns a good chunk of it as well. Remember he is a "shareholder" in tesla as well, probably the biggest one I imagine and he does have a huge chunk of word to say about what the company should do, if he says that company should buy bitcoins, there is really very few that could say no, and if he wants to sell it, there are only a few that can say no as well.

Basically eh runs the company like he is the king and very few can stop him. Plus if company is 100% and he owns (no idea how much he owns) 10% of it, that means if company invests 1.5 billion dollars, 150 million dollars is his shares of the company. That is why I think it is not "his" bitcoins, but if bitcoin goes up, he is going to earn a lot from that too, whatever tesla does that makes profit for tesla would mean profit for Elon Musk as well.

In simple words, it is a battle of one against thousands. So obviously in near future, dominance of bitcoin will get decreased significantly as success of one or tow altcoins' success will lead to the decreases of dominance of bitcoin in total crypto markets' valuation.

I'm not ready to believe into such observations like how bitcoin dominance will affect altcoins' fluctuations. Because, from a common new investor's perspective, they will get instructed to diversify their investments when they start with crypto investing. So, obviously such beginner-cum-investors will invest into bitcoins along with some other altcoins as well. So, we can expect a bull run in crypto space will lead to increase of either bitcoin or altcoin dominance but based on where more people invest.

I'm sorry I'm not seeing any significant role of bitcoin dominance in crypto space because most new investors are not checking such things. Also, I'm pretty much sure about bitcoin will get into less than 30% dominance in future still bitcoin prices will test 1 million to 10 million USD as well.

It is not that easy to actually build a strategy, and it takes months and maybe even years before you can say that you have the "perfect" one that always brings you profit, obviously even a perfect one could end up losing money considering unexpected things could happen in crypto, but at least it brings you profit in the long term.

However one thing I am certain about is that even after having that perfect strategy, it is not easy to actually end up following it because people do get emotional when trading and they end up seeing something that they didn't expected at all and this causes them to actually be shocked about it and they act or react to it and that is when they leave all their strategy behind and they end up working hard to recover from that for months. This is why I think we should not forget that bitcoin is not here to fend your emotions, you have to do that yourself, no matter how hard it is.