Bitcoin is the King of cryptocurrency and most altcoins are way less qualified in terms of credibility, fanbase, high returns with minimal risks etc. I am trying my best to analyze altcoin projects but the results are not pleasant. What makes an altcoin really trustworthy ? And why ? Please let me know your opinions.
Always research the team behind it first. That's the best you could do to check whether they will continue their project or not. Someone who has a reputation for whatever service they are providing. An example would be Gala Games which has the head of EA Sports gaming development. They are focusing on games so it would be best to have someone like him in their midst. Connect the dots. It's not like a gaming developer would be in a project in an exchange service or other non-related to it. I think that's one of the most important parts of examining the legitimacy of a certain project. The rest will follow. I've already experienced a lot of rug pulls on the NFT days, and that's because of not checking that side of the project. Joined the hype and it's a failure. To be fair, we do not know everyone in the crypto world, which means that the team could be people who are amazing at what they do or could be people who have no idea about it and we would still not have any clue why and how it would do good. This is mainly because if someone tells you "X person is leading the team", if you do not know that X person, then you have no idea if the team is any good or not, you could look at their linkedin and hope that it says something, but it rarely does because even if you worked at the best places, you could be a moron as well, I have seen plenty of moron Google workers too, doesn't mean they will be smart, there is a reason why they no longer work there. |
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Every winning in gambling is all dependent on luck, this has been the case for decades whether online or physical gambling.
When you find that you are lucky on the day you play, for sure no matter what games you play in the casino you will win and you will go home with money, the question of luck is that there will be no problem when you take out the money you won in gambling platform you played on? because this is where there are often issues, to be honest.
yes indeed in the science of gambling, luck is the main thing and the strategy that brings us closer to that luck. sometimes a gambler forgets this knowledge and just bets without thinking about the strategy he has to calculate with mathematics. but almost all gamblers always use a strategy to gamble in one of the games to get profit or victory. although in the end it is luck that decides, but if you are good at calculating betting strategies, it will be closer to the luck you will get. I agree about the luck but for the strategy? I think it depends only on certain games. It can be applied on poker, blackjack, on some other card games and also in sports betting. For someone who is serious about winning and making a profit then there is no way they can forget adding a strategy to each of their games but there are some who just wants to test if how lucky they are, and there are newbies who don't know if what strategy is good to use so they just play the game directly. Other than calculating the strategy, I think it's best to also calculate the odds or our chances of winning, so that we can decide if it's worth the risk or not. |
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Tell us your experience with different tools and services to analyze the cryptocurrency market
Which ones helped and which ones,on the contrary,made the situation with trading worse
Few of basics like pattern recognition in line chart and candlesticks always proved as a better one in higher time frames. But, we need multiple confirmations to take any trading decisions which is the reason I always go with pivot point analysis along with RSI oscillator. These are all more effective when combined and for higher time frames. If you want to use these for day-trading signals then you may end up losing for sure. Usually all trading tools are too good for decision making in long term trading. I am always preferring holding still I do risk on riding on trends in long term and for this I go with larger time framed signals which are comparatively effective to get me better results. |
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trading will likely cause you more harm than good, given that you are new to cryptocurrency, unless you have prior experience trading forex, stocks, or other speculative markets.
Yeah, this is in mind whenever someone wants to make fortune out of cryopto in short term. Especially bitcoin requires at least 4 year of patience to see the maximum benefit. If we want to reduce those waiting period then we need to sacrifice significant amount of benefits. When people try to reduce that 4 year waiting into few hours then the risk will explode exponentially which might end up losing. Short term is gambling in my opinion and if you understand the risks then you may go for it. It takes days sometimes months for someone to want to learn and do short term crypto trading, in short trading the risk of loss is huge, remember, trading knowledge is very important.
Instead of spending time and efforts on learning the skills on effective trading, I guess it would be better going for holding for years to get maximum benefit with bitcoin. Even in current bullish trend, I guess making profits in bitcoin market is not easier for all traders; so, avoiding short term trades must be a good idea in my experiences. |
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The second major ICC tournament of this year will start by next week. 2023 ICC Women's T20 World Cup will witness the participation from 10 countries, and will be played in South Africa from 10th to 26th February 2023 (the same venue where U-19 Women's world cup was held a few weeks back). India and Australia are the favorites to win the trophy this time, with England and South Africa also in contention. Bangladesh and Ireland have progressed from the qualifier tournament (which saw participation from 8 teams).
Ten teams and same pattern look like we are not going to have any changes in this world cup as well because from these two pools Australia, New Zealand and then England and India will be in last four others will be suffered badly against the quality of these big-4 because no other country is having better domestic set up for the women's cricket just few are now on the way for the better future but it's never been easy and also time-consuming as well. But I am happy now we have ICC-19 women's event which is surely going to help them for increasing quality and brining better players from early ages as well in group a with New Zealand and South Africa we can expect some fight otherwise things are not good for having any good entertainment. |
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The final decision is yours! But if I were you, I would continue holding it and keep on buying in small quantities. Bitcoin has just started showing an uptrend. It's just the beginning and it won't stop here. So I would keep on buying at the current level.
I would generally avoid altcoins except ETH. But don't sell your bitcoins to buy into altcoins. Invest additional money into it. But again that's my personal take on the situation.
I would also say that if you are not in need of money and have faith in BTC then hold it for long term to take out profits but if you want short term gains then you can also sell it but doing DCA is your wish and how much you want to invest in it.The amount should be invested which is surplus with you and not taking too much risk in it as one loss can turn you down but there's high chances of getting profits from bitcoin in the long run. Serious investors are well planned and don't put all their money in one basket so that they still have something to get in tough times and there is no need for them to sell their Bitcoin. They can also use some of their pocket money to do a DCA but I know many are not organized as that so they can't help it but to sell some of their Bitcoins only to have money to survive. This isn't wrong as long as they will buy back again after some time. Losses (especially bigger ones) can indeed turn us down but this wasn't the end. As long as we try to divert our attention to positive things again and prevent ourselves from selling at a loss then there is still a chance that we can recover. |
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Sorare NFT continues to spread their wings and leagues in Europe will be their target. With their consistency, Sorare has a great chance to become one of the biggest NFT platforms in the world.
Some crypto exchanges are already cooperating with some of the biggest sports names and encourage them to create their own NFT's but this Sorare is I think bigger than them because they don't only focus on one sport. This was a proof that NFT's aren't dead yet and maybe there are still other areas out there or fields which haven't been explored yet to join the NFT mania. Currently, if you analyze transactions, you can observe a large number of price manipulations for NFT tokens. This is done in order to show how expensive the sales were and what a cool project during the next bull run. Most NFT projects will not survive this crypto winter. However, TOP projects and NFT blue chips will develop the community more and attract new followers.
That's no surprise and most of it are not only due to manipulation to take advantage of those who FOMO but it was also caused by those who launder money. Cases like that are said to be rampant now here in the world of NFT's but i hope more regulations can come so that this can be lessened at least and then the reputation of the NFT's won't be totally damaged. |
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If not for Jofra Archer, England would have lost the match by a big margin. None of the other bowlers were able to trouble the South African batsmen, but Archer was regularly chipping England away with his raw pace. But it needs to be seen whether he can take heavy workload. T20I/ODI matches won't be a problem, but IMO ECB should wait a bit more before reintroducing him to the test format. That said, sometimes I wonder what would have happened in case Archer continued with West Indies rather than moving to England. If players regularly migrate from the smaller boards such as West Indies and South Africa to stronger boards such as England and New Zealand, it will have a detrimental impact on the balance of power in cricket.
No doubt this was Jofra Archer Heroics which helps England to safe their face from whitewash in this series even their batting was at his best, but sadly things are not favouring them for having positive results after amazing end of this ODI series which give good hopes for the direct entry to South Africa into ODI world cup2023. Even after having 346 this was not easy task to achieve but Jofra Archer done good job after his comeback and give them good win having back to back 340+ runs is also amazing stuff from English team, but their bowling was not good enough which needs some improvement in coming days for to defend of title in ODI World Cup 2023 in India Buttler and Malan done good job in this last ODI for the England, and they were able to have big score even after losing early wickets. |
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I honestly feel like a lot of cricket boards are genuinely not very serious about test cricket right now because honestly, test cricket is going to die very soon. That's why I think Pakistan is actually not very serious about it. On the other hand, if Pakistan is actually serious about it, I do not think that they are doing a good job.
You are absolutely right, only being dependent on one bowler for the test format is absolutely not a good idea at all. And I think not only in the test format, Pakistan depends on certain players in almost all formats of cricket. If they are not performing well, Pakistan is losing.
Some serious changes need to be made in cricket. Otherwise, it is very true that cricket will eventually die. And they have to change the funding based on the revenue.
Right now we have only three countries those are interested in test format, and they are Australia, England and India because they have good domestic set up and all resources which are helpful for having good check and balance in this format others are suffering due to finances and other domestic issues which is the biggest concern right now with this now time to give up about ODI and just depend on test and T20 which will be more beneficial and having better chance of development. ODI is also having no chance to grow up, so now we need to give all intention to t20 which is future and right now we can bring 16 to 20 good teams which will provide good entertainment, and we will have better revenue as well and then Olympics is also needed good intention which will give more exposure to this game in many countries but if ICC wants to have better results in test then surely needs to have good strategy for this as well which is important for the better future. |
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The price has gone up more than 40% when compared to the end of the year and makes us worthy of expecting a lot in 2023, we must forget the dark story in 2022 and prepare to welcome the New ATH this year
For those who experienced similar dark stories in 2014 and 2018, last year must be just another year and nothing to remember about that which may impact the future. Similarly, you might need to wait till 2025 to see a new ATH as no bull trend is stronger enough to sustain and to take bitcoin market into a new ATH immediately. We need to face another shorter bear conditions by the middle of this year as this year is usually to be a sideways market in the bitcoin's four year long market cycles. the market will immediately rise and make us regret if we sell at a cheap price.
Bitcoin market is known for that kind because in long run bitcoin is usually keep raising hence every seller will regret after certain time frame. For example, people who sold in 2021 around $65k might be proud of their decisions but if they do not buy back now then will definitely regret by the beginning of 2025 when bitcoin will be testing new ATH. |
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No one knows the bottom from the top, so whatever that it is comfortable for your you buy in, is ok.
This must be an exact scenario of every market because no one could predict the accurate reversal point of a market. The only thing we could do again market volatility is, keep buying at regular interval. That is the only thing, everyone must need to follow as of now and must continue regardless of bulls or bears dominate in coming days. Bitcoin is a fundamentally proven asset and keep doing DCA will help for anyone at every market condition in long term. Bitcoin has been positive for more than 30 days and it may continue to remain positive for another 30 days and if you are a short term planner then you could trade with the strict stop-loss in this bull conditions because usually bull market is profitable for all traders. |
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Bitcoin halving is characterised by price boom and this is a general believe of some bitcoiners and members of this forum.
My greatest fear is; what if 2024 halving comes and go without any kind of bull run? Don't you think that there will be a serious problem and panic in the industry?
This is because 2024 halving is the greatest available hype that can move the market. Besides that, I don't see any possible wave that can move Bitcoin to a new ATH. Unless US government will have to make BTC a legal tender.
Miners will not lose interest because we would still be paying a good amount of money for it. If you think that miners are only mining because they like to get the rewards from bitcoin itself, you are very much wrong. They are mining for the fee already, that is why ETH got higher fee a year and a half ago, because they didn't want just the miners reward, they wanted higher fee to work, same goes for bitcoin. It may look like they are not getting much individually from us right now, but collectively they are still getting a ton of returns. Plus, it is not going to be that hard to see most of them close shop, so the lesser amount of miners left will get bigger share. |
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Successful investing relies on maintaining a diversified portfolio. A large portion of your holdings should be in trusted cryptocurrencies like Bitcoin, but you shouldn't ignore the upside of investing in promising new initiatives. Striking a balance between the two is essential before making any financial commitments.
There are a few things to bear in mind while doing preliminary research for brand new endeavors. Examine the project's team first to get a sense of who will be working on it. How seasoned are they, and how well-liked are they among their peers? Second, think about the challenges that really exist in the world and whether or not the technology that the project uses may help. Finally, you should think about the project's potential success in the face of other offerings. Is there a genuine need for the project's proposed solution?
Investing in new ventures and initiatives requires diligence if you want to locate the ones with the highest return potential. While it's true that there's always the chance of losing money when trading or investing in cryptocurrencies, the right amount of preparation and study may help you reduce your exposure to risk and make educated choices.
I agree that we should be able to focus on making as much as we can from the investments that we have, otherwise it would not make any sense at all to keep on going as they want. We shouldn't be really focusing on how much we can make, because that is the result and the result will come by itself if you take the right path. So that means we should be learning and studying the path there, and in order to do that we need to build ourselves a strategy that would align with our personal character as well. If we can do that then we are going to make a good amount of profit from it for sure, it is going to end up being something that is good for all of us. |
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As long as coin holders share custody with Centralised exchanges, the exchange's carelessness and insecurity will be everyone's problem, especially when the team behind the exchange is fraudulent as well. The ability to set up trade orders and P2P trade on decentralized exchanges could reduce the use of CEX, as there are currently no decentralized exchanges that offer such services. DEX needs to keep improving its use and trading since they seem more secure
DEX does need to keep on improving, but that doesn't mean that CEX will stop, the more DEX world improves, the more CEX world will have something that DEX doesn't have. This is why it's very important that they fight on the ideology part and not just the tech part. If they keep fighting at the innovation and tech part of the situation, they are going to stay behind and not make any money at all and it will be something sad to watch, but if they go out and talk about how they are decentralized and they can't be hacked into because they are not keeping anyone's money in a centralization location, that alone would get enough people to make it very good to use. |
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Not many people even saw the big difference in the idea. "Trading" bitcoin, but somehow it's investing into stocks. If you said trading bitcoin or trading stocks, I would understand, if you said investing into bitcoin and investing in the stock market, I would understand. But why trading bitcoin yet investing into stocks? That's not just words, that is a totally different thing.
If you invest into bitcoin, as in buy and hold for a long time, then you will make more profit than investing into bitcoin, but if you invest into stocks yet trade bitcoin then it depends on how well you can trade it, if you are good then yeah, if not then it is better to invest into stocks.
That's true, if we would be investing into bitcoin, then that would be better than investing in stocks, but this is trading discussions section so I am going to talk about trading bitcoin or trading stocks. If you are someone who buys and sell stocks quickly, like a short term trader in the stock world, the amount of expenses that requires will be huge. Buying and selling stocks causes a lot more money than what it does with bitcoin, whereas trading bitcoin could be great because even 0.25% profit could end up being profitable due to trading fee, depends on where you trade of course. That is why it's important to realize what you want to do, and what you want to achieve. |
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I continued to liquidation there without giving up. At one point while adding liquidation my total balance became very high and liquidation also came down and loss went to high level. The bloody year 2022 ends and in 2023 the market is slowly pumping and all my losses are recovered and I see profit.
Please do not try to set wrong example by these things. The first mistake you have done was opting for futures trading, but high risk people do go for it and this is absolutely a personal preference still I do consider this as a newbie mistake in cryptotrading ecosystem. The second one is, keep waiting in futures trading; a highly contradicting and must be a blunder one considering its high risk level. I'd never see a mistake of what OP did, it actually happens when something bad happens in the market like the FTX issue which affects crypto prices.
No, luck favoured hence got chances to escape; just imagine a situation about getting liquidated even after adding $2000 to avoid liquidation. So, early stoploss is always recommended and buying back when market recovering (after bottomed) might have got them better profits than this. |
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LOL!  What is happening with Pakistani Cricket? Especially what is going through N Shethis's mind? An online cricket coach is not something I have heard in the past and neither I would like to hear in the present. Cricket is not an online classroom it is a physical brain where you need to use your body more than your mind. If this is the situation in Pakistan cricket then I doubt they will be able to organize PSL. If they do then I doubt they will be able to their payments. What a Shit Show PCB would be going to display when PSL starts can be easily imagined by their online viewers?  Even things are not clear about this posting but still you are not understanding this rightly because Mickey Arthur is already busy with this contract as sporting head of Derbyshire, and he doesn't want to end this just because of this now he is not the coach of the Pakistan team his job is just as consultant, and they will hire few other peoples as well because Saqlain Mushtaq is already going after completing his assignment as Pakistan head coach, and he rejected to do job as his replacement. But, few things are fascinating because after Covid-19 era things are completely changed around the globe, and we have mostly workout with online option which is not bad and hopefully soon we will have completely changes in this all system and mostly teams and clubs will be able to have services of online coaches and trainers which will increase their performance. For more details, you can check here all details available about this: https://www.espncricinfo.com/story/mickey-arthur-set-to-be-appointed-pakistan-team-director-1356583 |
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My proposal is to divide the test and associate nations, based on their performance. Each tier receives a proportionate amount of ICC funds.
Tier 1: IND, AUS, NZL, ENG and PAK
Tier 2: SL, WI, BAN, RSA and AFG
Tier 3: IRE, ZIM, SCO, NAM, NED
Tier 4: NEP, UAE, OMN, PNG, CAN
Tier 5: HK, USA, QAT, JER, UGA
I am in favour of tier system specially while it works based on performance which is based for every cycle because this will encourage teams to enhance their performance and having healthy competition and also given good shape to this game but here we need all settlements on every format like we need to have 24 to 30 teams in T20i and then 12 to 16 in ODI but just 8 for the Test format because now it's not beneficial for them many countries and also creating burden on their system, so now it's all on ICC to reduce their burden and just allow few countries for this format with having more activity in other formats. Here again we need to work on few things which are more important like allow native players or players with having parents from this country as we have rules for the FIFA and Olympics because this will also increase native players to bring more players instead of having players from subcontinent for their teams which is unfair for this game. |
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We also need to develop a good management skill to be able to make effective utilization of the little resources we have into something big, this will help us towards avoiding excessive wastage, damage and gives give maximizing potentials to the resources within our capacity, many have failed alot in many areas of life all because they couldn't developed a good management responsibility in life, they miss out alot of opportunities at the cause blaming the situations around the economy and this is not really a location base factors, we can achieve to any lent in life irrespective of where we are only if we are determined to.
Resource management is hard because if you calculate just "things", then it will become easier, but if you are talking about man hours as well then it becomes very hard. I am one of those people who does a job in 8 hours when it can be done in 4, because it takes me too long to make sure I did the right thing. Like for example, I write something, then go back and read it twice each time, rarely some days I don't and I warn my boss to check it, because, I want to make sure. If I removed that, and just wrote and never looked back, I could finish in 4 hours, and write for another 4 hours and make more. So man hours is a lot harder, it's really tough. |
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So far the movement of Bitcoin is still very good and is still in a small bull market, we believe this is not a trap from a bull market, until now the price of Bitcoin is in the area of $ 22.8k, making us happy by ending the month of January above $ 20k and above , The price of Bitcoin at the moment gives good news for longtime holders who fully trust, those who buy in the $ 16k price range I think the current state of the market and being at the current Graphic point is still profitable for them.
The target of people investing is of course studying the market charts and waiting for a decline to buy, they will continue to hold back until they see the movement of the Bitcoin price chart touching a higher value, those who had bought below the Bitcoin price which was $20k-$16k yesterday, of course this still giving profit on the selling, we think bull's movement will continue although only sloping with small bulls.
we say this is a small bull market and not a bull market trap, the movement of the Bitcoin Chart will continue as it is, it does not always go down and it does not go up all the time, we take advantage of this good situation to hold Bitcoin.
I think it will definitely be something that gives everyone some hope, it's not going to be easy, but it's going to be something that will take just a bit of time. I know that it's going to be a bit of a decent situation where I think it will take a bit of a time, but it's going to end up with a good amount of profit in the long run. I think small bulls do not matter because it's going to be pretty wild and pretty entertaining and pretty good. I just think that we could end up with something that could be pretty good, it's just about the fact that we need to do something much better, and for that to work we need to just wait and hold so that we can profit when it goes up, if not then we had whole 2022 like that so it's fine. |
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