It is mostly trading, but the timing of trading is to be noted, because in a bear market, we have the prices dropping and this is the time to buy and not sell. So purely speaking buying is possible without making a realized profit. That profit will come in when the prices will rise again.

Hence I feel that patience is important here, which many newbies will lack when entering the market for the first time hoping for quick gains. In that case it might end up as gambling and therefore should be avoided. Besides, whenever we see people making profits, they are usually running this for a long time not all of a sudden.

It can be the other way round, whatever suits you and give your profit.

If you are an experienced day trader you can make money on both bitcoin and altcoins, so you are only half correct. But it is true that both altcoins and bitcoin are volatile and risky, but that is again true for any other speculative market like stocks, metals etc. So you have to make the decision of watchig the older charts and observing for how long an altcoin actually is able to make a mark on the market. Most of the newly launched ones get washed away in one year while others have been running for quite some time.

In this manner, you can make a decision on which altcoins to buy when you are done buying bitcoin. Your first choice should be bitcoin though.

I would say that for stocks buying during the bear is a the better option, but altcoins?

If you are being serious about your money you would stay away from altcoins. The point being that most altcoins that go down during a bear run will always be going down and not going up. So if you want to maximize the profit and do that in crypto, you should go with bitcoin or maybe the top 5 altcoins and nothing else.

I will not say that all altcoins are bad, but most of them are and this has been well confirmed by users who have watched the market for years. To keep your money safe, bitcoin is the safer bet.

Launchpad prices and market prices after 6m show a huge difference, and this not similar to IPO markets, here the losses prevail and investors who buy in huge amounts at tokesales are the biggest losers if they have not sold at the first pump.

Sadly this also means that the project would no longer be profitable for any new investors and also not develop further eventually the devs will vanish just like they appeared, leaving the investors hanging.

This is also true and this is the reason why trading ends up being linked to a game of chance like the dice game on casinos.

I think you already know, there is a 30% tax of crypto transactions in India, I think that is pretty big and it has culled the Indian crypto communities enthusiasm in crypto trading and led to OTC deals being done more.

Comparing to that I think the US has better options for traders in their country. There are so many crypto companies based on US and Europe while few from India.

Even BTC ATMs exist in max number in US compared to any other country as shown in https://www.bitcoin.com/bitcoin-atm/

So I think every country is being hard on crypto from their own side. But we are a resilient community and have to deal with hardships just like any revolutionary.

You can prevent either of that by taking your time to invest, doing research and reading the charts. Even then capital only makes the difference how much you can allocate to the asset and how much maximum profits or losses you could make.

Truely a big capital does not mean a big investor, because size is not the point here.

Taking risks with a bigger capital at hand only happens when a small-cap investor gets a big cap at hand. Then they are more susceptible to making the mistake of shitcoins. Going in coins that give short term huge gains is like a game of chance. There are more losses than wins.

Bitcoin is way more safe than any altcoin for a newbie if bought at the proper price and time. If the person is patient enough to hold bitcoin, they will see big profits on their first investment in crypto and not wish to put money in any of the altcoins. But since most newbies want quick profit and quick gains, they go for easier bought altcoins which fail to recover even the buying price.

I dont think the term "coward" is the proper use here. Being diligent is rather the thing, because every person is afraid of losing their money and there is nothing wrong with that. But putting your money in a risky place without doing any asset management is fatal. Would not want that to happen to someone just because they were not "cowards". So better to do your research and invest wisely, or not invest at all.

This is why most projects will attempt to fake their whitepapers in whatever way possible instead of trying to make it weak, then over time they will gradually reveal their weaknesses but by then every enthusiastic investor would already have invested enough to not pull out early. Therefore a lot of disappointment follows up such investments.

Truely every project that tries to copy a mainstream business but the only difference being the use of crypto, ends up not being able to sustain the project and therefore a lost in the depths project.

Moreover if the whitepaper is copied, then it is an immediate sign of a scam. Majority of the above mentioned cases are scams and they are only trying to keep their backs covered by being a weasel.

I dont get how to declare 2024 or post 2024 to be the safe year to invest in altcoins. Altcoins have always been the target of pump and dump'ers and shills and hence they are glared on by bigger market veterans. Whatever media buzzword that they add to their project, the core design never really changes and the common "genres" explored by such projects will never be able to compete with their mainstream counterparts.

Hence even if newer tech comes into view, altcoin project leaders only use them to promote their project and not actually develop something on it.

Still it would be worth a watch if they actually manage to go bullish after 2024 or early.

Day trading is not everyone's cup or tea. Those who have been a pro at day trading will continue to be so, personally I never feel comfortable with it and hence I stick to mid/long term trading which is a slow drawn process but profitable.

To many people day trading does not work out, and there is nothing bad to it, just that if it is not working, then you should be ready to stop doing it. Trying to get back on your losses makes the entire process nothing different from gambling.

I hope the OP made the proper move and took to what they found as profitable. It is not always good to follow what a pro person tells you, rather listen to what your heart says about the same and assess yourself how much good you are at it.

Being disciplined and having your own code in every aspect of life can save you from veering into the wrong track at the wrong time.

At younger page people tend to spend more and be less teachable but they can correct themselves putting their ego aside and if they are actually enjoying the work they are doing then defenitely they can do this. Problems include the fact that people are often not doing the job they wanted and this is an effect of many things which are not worth discussing.

A lot of the times "broke" is an effect of excessive spending more than earning, so I think people should address that first. Then go for savings and then attempt to work on their education, if they have already crossed that level.

YOLO short of You Only Live Once, is one of the "rage bet" attempts made by frustrated users to desperately attempt to cover their losses in a single big win hoping for a big win.

Truly, the "Max Bet" button on Primedice was notorious for being the reason of YOLO bets to zero balance in one shot. This is an illogical and impulsive decision. However, what is logical in gambling on a casino anyway? Because everybody knows that the house edge is higher than the player's edge and hence they are going to lose anyway.

Still often used by many rage quitters, I am yet to see one having profited from the same, because even if they do getting a high multiplier on a YOLO bet, they will likely lose that profit because they forget to stop on a win.

The gambling industry is based on gamblers taking sudden impulsive illogical decisions that eventually lead to losses because they are done reflexively.

So advising people to not do the reflex actions is like asking a alcoholic to not drink. This is the effect of addiction and recovering from it is tough. While most coin owners are not having any place to spend their coins gambling becomes a major source of spending.

Because people cannot control their habits (good or bad) they end up giving their money away to this industry and therefore the casino business flourishes.

There are a number of factors, not just the capital, knowing how to handle the losses and market movements make a big difference. A trader with a big capital but no experience will not be able to profit, in such cases dummy trading should be done to practice.

Point to note is that the biggest investment on crypto should remain in Bitcoin, so big or small capital, majority should be put in Bitcoin. In that sense th effect of having a big capital is nullified in my opinion.

Rather buying and selling at proper prices should be done carefully.

Go with altcoins and you are more likely to see your capital deprecate in the upcoming weeks.

I find myself not belonging to any of these categories.

My take on CBDC is to wait and watch. If they have any potential I might get some, but it completely depends on how their are used and what advantages they give me over bitcoin if any.

Beyond that I would belong to category C, don't care about what news comes up, I will buy Bitcoin when it goes down and sell when it goes up, banking the profit.

Thinking about what can happen in future will only stop your current attempts to trade, so better focus on the current market and forget about CBDCs.

New investors may not need mentors if they are able to trade on their own with proper prediction or insight. The fear is about losing money or putting money in projects which might end up as scam. This cannot be eliminated completely but reduced by investing in well known and top projects and not shady shitcoins.

There are investors who make money without a mentor, if they have that mindset, so it can be good, the only reason it may be bad is that sometimes mentors are themselves shilling projects.

First let them accept crypto as payment and then see the charts change momentum towards the upward trend for years to come. This bear market will completely reverse if such a thing was to happen with a big e-commerce platform.

Bitcoin is a payment method and it should be used like that. It has become an investment method because people are trading it using fiat but 1BTC is always 1BTC regardless of the fiat price.

Truely, being able to spend your coins to buy daily necessities is what this community has been long deprived of. I am sure it will have a impact on the price and coming future of this market.

So if there are no factors to make you profit - you wont be buying bitcoin?

Most users think like that and they are the ones who will complain when the prices go back up again. True the prices are down but that means it is in the bear cycle trend and the cycle will go back with time which is where we should sell to get the profit+capital back.

It is not that everyday there needs to be a reason for the price to go up or down. If there is - good for us, if there is none - keep holding through the cycle.

Pro traders dont look for events, they look at the prices as numbers and buy/sell accordingly.

No, this cannot be confirmed that the news caused the dump - this is only an anecdotal link.

Unemployment rate dropping by 0.2% is a good thing, but how to significant it would be on economics needs more long term followup and not a price drop in few minutes, because that would have been due to any other reason. Let is watch and see if more jobs are getting created and how it impacts the economy.

Dont try to link every news to market movements, the second has a mind of its own. The effect or negative news is defenitely there but currently there are a lot more things happening out there such that a positive news can have a correctional effect.

Most of these people would not take our advice to stay with the top 10 and rather for the least 10 thinking that these are going to go up all of a sudden. If they reveal properly, you will find out that they were suggested to buy them from some pump and dump group, after which the owners dumped.

While stocks work differently, crypto has its roots in bitcoin. Buying bitcoin would be the safest thing to do in any bear market. But possibly not the biggest profit margin on the bull market even thought its instantaneous price is pretty big. Altcoins which are shitcoins would never be able to counter the same. Newly launched popular projects are even less likely after the hype starts going down.