We need to realize that sometimes crypto could become a liability and sometimes it is an asset. If you are just buying with the hopes of getting rich quick and you fail, you are holding a liability in your hands since you may also need that in the near future, you didn't calculate it becoming an asset and you just wanted to turn a quick profit.

This could result with people using their rent or loan payments on crypto, a horrible idea but people do it anyway, and they end up selling for a loss. If you want to get into crypto, then buy it for the long term, think of it as something you can't touch for 20 years or until you find a better investment. When you are ready like that, and hopefully making a profit, you will get in more and more and you will be ready to actually make money from your own money and do not have to work again, that's how you build wealth.

Actually there is no difference between those who you call investors and those that you called the hodlers. They are both the same, and it is all investment, whether you decide to hold it for a long time or just for a short time. When it comes to investment, there are short term investments and long term investments, so it’s all about the investor and how long they can be able to have patience. And both of them can make impact in the market.

There’s always money that is still going in and out of the market, and it doesn’t matter whether it is coming from someone that is investing for a long term or short term.

Newscrypto is a nice platform for learning about cryptocurrency trading. There are lot of things that you can learn for free on their platform, and I think your friend should make use of it because as time goes on as long as he continues to take his studies steady, he’s going to benefit from it. But, he should be very careful with the way he makes use of his capital in trading, because no matter how good things might seem to be, there are still times that the market wouldn’t be that good and you will end up losing money. Try to let him know the necessary that he can use to help him as well.

How different countries' based cryptocurrencies will be having positive effect on bitcoin market? Or what do you mean by that? Because, I am seeing that some countries are developing or already introduced their central bank based digital currencies which are not positive for bitcoin market basically (at least in short term). So far, only one country has declared bitcoin as legal tender but they are not buying bitcoin for billions of dollars but buying like a low level institution which is the reason that news is not bringing any impact to bitcoin market.

Bitcoin is always positive in long run and we do not have any clear idea about the trend only in short run. Yeah in next few years bitcoin must be trading above $100k levels but the price level in next few months is a mystery.

You sound like you are good and experienced in your approach but in the world of altcoins, any cryptocurrency could be replaced by another advanced coin which must be a repeating event in altcoin industry hence your fundamental analysis may not help you in long run. I am saying this because litecoin, dash, monero were leading in altcoin space few years back but now preferred coins are something completely different ones.

Could you justify how strong fundamentals are for these coins; moreover you must build a portfolio based different application based coins for diversification reasons and here I guess sol and dot are based on dapps.

Definitely a stupid idea.

Adopting short term trading just for the reason of high values of crypto is showing about your misunderstanding on crypto investments. I agree that no one could afford right away $43k to buy and hold bitcoin but why you bother about the price of cryptocurrencies now.

You must need to bother about your monthly affordable fund to invest into cryptocurrencies. It can be $50 or $100 or $500 or $1000 or $2000 or even higher than that. Just decide and buy cryptos only for that amount and keep your cryptos for years.

When you regularly buying cryptocurrencies then you will start seeing about your portfolio value increasing slowly over the years which might get you at least 10x growth of your investment money for the case of bitcoin investments.

They should really be concerned about issues like this, and try to know why developers keep leaving their platforms for others like Ethereum, and so on. Because if they keep letting this happen, they are going to be the ones that are losing, as other platforms will keep taking away developers from their platform.

Because all these smart chains, their main way of being successful is through the number of tokens or projects that are being launched on them. So, the more that they have projects being launched on their smart chain, then the more that their platform is going to see further growth. So they should try to solve whatever issues that they are having with these developers, so that they can stay back and continue developing on their site.

The most important thing is that their government embraces it, and continues to allow people to make use of it. If their government does not allow it, it is going to be a bit of a challenge for some people to be able to make use of it. I’m not sure about them making Bitcoin a legal tender.

El Salvador has done it, and it’s good that they did, but we are not really sure if other countries are going to follow them to do the same thing. Right now all we can be asking for is that Bitcoin continues to grow, and also that there should continue to be more adoption of Bitcoin everywhere around the world.

I am not ready to agree that this kind of bearish market movements are unexpected. People who are into bitcoin market for years definitely expecting such kind of market situations always and if you are having enough funds in back up then you should go for buying the dips with plans of holding for long term; this way long term holders are making use of bearish market.

If you are good in technical analysis then you can go for frequent buying and selling still the market is too smart to trap you at any point. This is the reason long term holders never prefer active trading.

Yes, that is the problem of people who never believe into the future of bitcoins; they definitely will get trapped by panic selling or by whales manipulation. If OP took time to go through this forum then definitely might have decided to sell off their bitcoins for a loss. Yeah, if we manage to hold bitcoins then definitely we will get profits in 3 to 4 years which means we never need to sell in losses.

Moreover in my opinion, it will be highly impossible for any trader to make 1 million dollar out of 30k dollars. Because consistently making profit may not be possible for anyone but holding for years may do the trick.

Thanks a lot for this topic which is one of the useful topic for all traders here as it must be worthy one to bookmark for frequent referring and to suggest to all the beginners who come up here for searching resources like this. I just wanted you to confirm that all these resources are used by you for some considerable period of time and verified. Also, it would be too good if you open up on what are the basic criteria I need to follow to suggest you any useful services I am into for suggesting here to add into your list.

Yes, everyone is expecting like got "programmed" because we are all got used to such 10x growth in previous 2 cycles of bitcoin markets. Repeating of history is most common scenario in all markets hence it seems no one is hesitating to speculate about the possibilities of reaching $100k in this cycle. But, pandemic might be playing a spoiler role here.

We cannot say that we are already into the bear market as bouncing back may happen at any time. Support around $40k is strongly holding and bitcoin is trading positive since last Sunday hence probably we might have reached the bottom of 2022, who knows?

This time around I am making sure that a good amount of my money is being stored as Bitcoin or any other good cryptocurrency, but most especially I store my money with Bitcoin. This is very important, and over the years I have reaped the benefits of doing that.

Whenever I receive my monthly salary, a part of it goes into Bitcoin and I just keep it there as savings, and then the rest stays in my bank account, and that is where I do most of my expenses. Sometimes I can also decide to do a little bit of expenses from my amount that is stored in Bitcoin. I just try to balance everything, and it has been really helpful, if there happens to be inflation, I am not losing much.

Definitely a great time to pick up some coins. I know that not all of us have stablecoins stashed aside waiting to use them. However I have to say that it is clear to me how we are doing something that is dangerously great and at the same time terribly risky whenever we put our own money into crypto and take a huge risk, and I do not mean like savings and all, I mean literally money that we are risking and need.

It is always said that if you can't afford to lose that money, then you should not invest with it. However unless you are putting up your rent or something, it is clear that you would have spent that money and you could have still lived without it if you invested. I probably have like 200 bucks every month that I could put aside, which is a huge amount in my nation, but I usually spend it, save like 50 to 100 each month depending on the month.

Everyone wants happiness, and when you are doing something and you’re not getting that happiness you need, then it is best to avoid such thing. Anything that I choose to do I always make sure that I’m doing the things that I’m going to love, and also things that whenever I am doing them, I will be happy doing those things. I’m not in for the kind of things that I will feel frustrated whenever I’m doing it.

If you choose to be doing something that will frustrate you, something that doesn’t make you happy when you engage in it, then it is not worth it. Although sometimes some of us do choose things that are not meant for us all because we think that we are going to make profit. But it’s usually best to do something that you are passionate, and good at doing.

It is not really easy to understand how Tron managed to fail getting some attention. It was a very cheap and very fast blockchain that had smart contracts available and few projects under its belt. I would have guessed that they would be doing fine, I owned very little for a very short period of time so I am not saying this because I lost money or something, never had too much in it and got out so never lost any money from it ever.

All I am saying is that people were interested in ADA for some reason and it became third biggest coin, even above ltc and bnb and so forth, whereas they didn't even had a working product. So it shows that people invest into hype and not the fundamentals all that much, if it was fundamentals people cared about then they would have put Tron to a higher regard and it would have been above ADA for the past year or so.

That is right, you don’t just keep your money and be expecting it to work for you and you’re also at the same time trying to stay private or something like that. When you are ready to make sure that your money starts working for you, then you would be ready to do what is necessary for you to ensure that your money is actually working for you.

Unless we are going to say that whoever is looking for this kind of opportunity would take advantage of the fluctuating price of Bitcoin, and just hold it in their wallet which would be a non custodial wallet, and when the price increases or decreases, they will be standing a chance of either making profit or losing.

It’s not bad to buy things, but it’s good to always give it a second thought before buying anything at all. You should break down every thing you’re planning to buy to needs and wants. And then know why you really want to buy these things, because sometimes, some of us are not really in need of most of the things that we do buy, we just buy some things simply because we see others are buying it and we want to be able to do what others are doing or be like them. And at the end when you look at all these things, you would see that they have no meaning at all.

This is the problem that I do see on all the newbie investors these days as we can see most of the topics here are on what are next bitcoin or next ethereum or what coin is going to produce 10x returns in this month or in next six weeks of time etc. Yeah, no one is ready to time the market rather everyone in on the hunt of instant profits that too no just in 5% of 10% but they want 5x or 10x.

Yeah, there are 99% chances for those new coins to get dumped hardly at any time after a significant pump. But, those valuable and reputed coins will bounce back even after any dump. But, newbie investors do always ignore this fact.

I understand that "metaverse" and "nft" are buzzwords that people are looking at right now. But they can't be a target, it is like saying "I will buy some crypto", that could mean you will buy bitcoin, that could mean you will be some shitcoin as well. Not all NFT's are profitable investment and not all metaverses are profitable neither. You should be making sure that you are doing the irght thing by checking the projects and seeing how they are doing.

I personally wanted to invest into some axies, but looking at how they are doing right now, there are not that many good looking future prospects of it. If the new game and land doesn't work out, they will suck for a very long time and will drop even more which is bad considering they have already dropped so much in the past 3-4 months. So it is quite important to pick a good and high potential project.