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2121  Other / Archival / Re: Don't worry, bitcoin is cyclical on: September 30, 2022, 02:17:26 PM
The peak that is achieved during the end of the year 2017 will give the clear picture on how the price movement have happened with bitcoin over the years. Lets take the next peak price that bitcoin reached. It happened during the end months of 2021. The time difference between the two is exactly 4 years. During this time period the market experience a downturn, and a stabilized bull movement pushing the price to mark its ATH.
Even if the charts dont indicate, the price will cycle back between bull and bear levels it is just a matter of when and patience. Most traders lack the patience to hold their coins between these periods and thus lead to weak hands selling coins at the wrong time or buying at the top. Either way the experience that we have gained over the years is that massive gains are possible but need a properly time trade.

The current economic state has been having a prolonged effect on the bear market and this has been gnawing away at traders' patience. Therefore the slow decay in the price due to selling happening.

Still the price are ripe for buying at a discount if you know what I mean.
2122  Economy / Trading Discussion / Re: WHAT DID YOU STUDY? WHAT DID YOU LEARN? on: September 28, 2022, 02:33:50 PM
The btt forum has brought many of us together in respect of our academic qualifications, background and tribe but still, we fail woefully when it comes to crypto trading. If crypto is judged by what we studied, many of us would have been so perfect in it.
You cant assume that people will be good in the job that do in real life and crypto trading. These things are not related. Many educated people actually abhor any sort of speculative trading.

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Every worth education or training should give us the skills that are applicable in other aspects of life. But in crypto, it is never like that. We keep learning every day in crypto
Not every work title is like that. You are trying to generalize things that cannot be connected. It is like saying that because someone know how to grow fruits, they must be a master in growing their portfolio - see it that way and you will realize your folly.

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What stops us the most from becoming master traders?
Nobody is a master trader, in fact trading is not something one can master. It is a speculative market and losses are the common thing here. The point is to buy low and sell high and keep patience in between. The one who does this cycle properly will profit.
2123  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin should I invest in other than bitcoin? on: September 28, 2022, 02:27:36 PM
If I stretch it, I would go with the top 5 altcoins that are in the aggregator website lists after having stashed up enough bitcoin. I usually keep the spread at 90% bitcoin and 10% altcoins. You can vary it but watching the maximum returns come from bitcoin, I tend to keep that at the maxed out possibility instead of frequently trying to give weight-age to multiple coins and ending up with a hundred altcoins that will turn into shitcoins.

But honestly speaking, I am bullish for bitcoin always than any other coin. This has come from my 6+ years of watching and trading on this market, along with past experience in stock markets.
2124  Economy / Trading Discussion / Re: Is trading gambling in another form? on: September 28, 2022, 11:38:40 AM
Gambling and trading vary considerably, and I agree that a professional should start focusing on trade rather than gambling. The truth is that when you gamble, all you can do is wish to gain, however when you trade, you have to pick a strong-based coin that will inevitably pump and benefit you. On the basis of the earnings they offer, there is actually a significant distinction.
The problem is that to some people the addictive nature of trading for short terms gains is likened to the dopamine rush experienced by gamblers. This is true in a large sense and hence th se topics becom very debate worthy.

Thing is that whether one gets addicted to trading and it's short term gains is a personal choice.

Being diligent about your investments, one can make a lot of long term profits from trading if done right. Specially bitcoin trading in the long term and avoiding altcoins which are mainly short term.
2125  Bitcoin / Bitcoin Discussion / Re: Bitcoins future is Bright on: September 28, 2022, 11:34:06 AM
Trust in it, and you can enjoy the real growth. Maybe the expectation gets a coincidence in later months or even years. All that required is the patience. Very few have this characteristic, with cryptocurrency investment this is much needed. No market is with a record of growth that hasn't experienced any decline. So, what we experience is part of the market and at some point it is able to overcome.
  Bitcoin market also recovers, just that there are always ups and downs in any market. Being able to cope with the losses and profit from the highs is the characteristic of a seasoned trader.

Growth in that sense will not happen much, but gradually and I don't think most investors of Bitcoin are interested in knowing technical development happening here.

Still price movement does not denote growth but trading activity. It will recover but the point of the bear market is to weed out the weak hands so the strong hands can be rewarded in the bull phase.
2126  Bitcoin / Bitcoin Discussion / Re: Mining Bitcoin on: September 28, 2022, 11:27:02 AM
At this time when prices are low then mining would not be that much profitable to the extent I know as you would need mining setup and above it electricity cost running 24/7and depending on what charges you will incur for it but if you are interested in it you can try it and joining any mining pool.In the long run when prices will rise your profits will also go the way up and covering your expenses as well.
Mining is not profitable at anytime, price be low or high. There are a lot of primary investments to start a mining infrastructure and being an Indie miner is a waste of time and money. So if you are not into the get a plot- build a farm- start the Asics type person then you will never be able to ROI the investment.

Besides miners will always be at hashwars, the cunning one either changes their type of investment to buying Bitcoin or sells the Asics to get hard cash at hand.
2127  Alternate cryptocurrencies / Altcoin Discussion / Re: Can whitepaper still shows the weakness of a project and their team on: September 27, 2022, 03:32:07 PM
For newbies is a copied whitepaper still a red flag for projects?
Why just newbies, it is a red flag for anyone having interest in the project.

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I heard they don't matter much anymore because big projects do the same thing too, if two projects have the same goals or utility one can copy the other, change some few words here and there?
Bullshit whoever told you that or if you made that up. Projects doing a similar objective will fail because they always have some or the other mainstream competitor and crypto is a niche cult, not able to nudge that.

Copying words and copying whitepapers is not the same.

The second one is plagiarism and is unethical, which in this sphere only means one thing: SCAM.

Copying a few words seems like the bullshit that such scams feed its possible investors. Do some language checkup of possibility of translated language and you will find out that word spinning was done to fool users. This is very common among scammers.

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What advice can you give me based on this? Is it right to say, yo any project that has a whitepaper that looks like another project is a scam or  bad for investment.
Always a scam. Not an ounce of doubt here.
2128  Alternate cryptocurrencies / Altcoin Discussion / Re: Does altcoins actually have the potentials of generating benefits to investors? on: September 27, 2022, 03:26:06 PM
You have hope when investing in Altcoins, of course you have to look at the types of Altcoins, founders, teams, developments in the crypto market and so on, investing in Altcoins takes a long process for you to understand and get profits, in my opinion if you are a beginner just do long-term investments in Bitcoin & Ethreum, it's safer for you.

Without a doubt, the long term investments in well known top list coins are the safest and most rewarding but time consuming.

While this "sentiment" might be good for some investors, most people come in crypto for easy and quick gains and not time-consuming ones. This does not mean that they are bad, but just that their mindset is different and possibly they are in a money crunch and trying some risky moves. For them the downward spiral begins with buying a shitcoin and then watching it go down until it never comes back up.

My honest opinion is that dont try to get into crypto if you are in for short term gains, unless if you have insider information about advisors dumping or something else. Get in to stay for the long and get in for bitcoin.
2129  Economy / Trading Discussion / Re: Mentor experience in crypto trading. on: September 27, 2022, 03:21:01 PM
Honestly crypto trading without a mentor will take a lot of strenuous efforts and thorough learning plus plenty of charting hours before such a trader will have a breakthrough or become profitable after series of account rekting, there are so many things to learn in crypto trading such that any newbie who is not well skilled will likely lose huge amount of funds just like the OP, unfortunately a lot of newbies thinks that crypto trading is a get rich quickly scheme thus embark on it without adequate knowledge, actually getting a mentor is not easy perhap majority of them are busy with their trading thus not readily available.
I think that without a mentor a new trader can learn a lot, if they have the basic necessities of control over greed, determination and patience. Unfortunately there is a lack of these skills but they can learnt in due course. This is also why those who have a background of stock market trading can fare better in crypto because they know how to control emotions and how to manage budget.

Even then newbie traders are not a loss. Dummy trading for practice can be done by anyone and mentoring yourself through the process will give you the best learning experience for free.

I know for newbies hiring a mentor sounds more appropriate, but most humans are biased and I wont want newbie traders to become biased like their mentors. If you know how to stop that, then by all means hire a paid mentor. Besides the older forum members are pretty supportive of new traders.
2130  Economy / Economics / Re: Education on: September 26, 2022, 01:07:27 PM
Education is good but think Education is the sure way get success. Many people has much success in life and they didn't go to school. Success is about hardwork and planing . People rely on education too much and after acquiring it they get disappointed because they can't get their dream job. Their much success outside education.
Education is only a part of being successful. An educated person has higher chances of getting a job, may not be their dream job one but surely.

The importance of education is that it makes people be able to think critically but even then this depends on a lot of factors - this not every educates person can dissect a problem critically.

But without bare minimum education it is difficult for that person to progress in life.

The problems of non-scientific thoughts and beliefs will persist as long as proper education and teaching is not done.
2131  Alternate cryptocurrencies / Altcoin Discussion / Re: To all 100x hunters out there on: September 26, 2022, 01:02:44 PM
For 100x only NFTs I think.... NFts are giving me a lot of profit, just study the market, find good projects and invest small amounts!!

flip it and keep doing it!!! 100x NFTs
I would like to ask how long you have been in this market because I have been for long now and I know that newly hyped names like DeFi and then NFT did not impact much on their use cases even in the public and only went through a slow progress, not any sudden profit at all. So 100x seems like a honest longshot to me.

Still I am not saying that these NFTs are going to go busy, but this what I have observed in most cases to be the reality. Keep studying the market properly and you will understand what I am trying to imply here.
2132  Economy / Trading Discussion / Re: How to Know the right crypto project to invest in on: September 26, 2022, 12:57:07 PM
A beginner certainly needs to learn a lot by reading references from various things,
understanding which projects are good is not something easy and it takes a process,
one of them is by doing in-depth research and that is an important part
Research is good but going in depth properly one will realise that none of the newly launched projects are worth putting your money in. Rather bitcoin has been the one performing well and is the only good option during the bear market, heck any market at all.

Majority of altcoins are based on hyped marketing. They run for a few months or so and then crash only to be never heard of again. One does not want to spend money on such coins at all.

Truely investor-worthy projects will go to mainstream markets and not to crypto.
2133  Other / Meta / Re: Forum Improvement - My Wild Idea/Suggestion. on: September 25, 2022, 06:32:54 PM
I appreciate every new idea that gets posted here, it shows that OP cares about the forum and wants to improve on its existing status.

But the problem is that this incentivizes collecting of merits to uphold the same rank. Since majority of active users here are having a signature, they would not want to lose their rank and hence the forum would convert from being a place of free discussion to a place where everyone is trying to make themselves look special in order to get that few merits.

We dont want this forum to become like another TikTok/Insta spamyard. We are far beyond them. Cool
2134  Economy / Trading Discussion / Re: The Signal to Start Trading and the Signal to Close Trading on: September 25, 2022, 11:20:09 AM
Actually, there isn't anything more rigorous, but everything takes some level of skill sets. If you believe the market isn't performing well currently, hold onto your coins rather than exiting; doing so puts your money at risk. Exit and enterase depend on parameters that are unknown until they are present, hence everyone lacked prior education with this. The signals you see can often respond but can also fail.
Signals are not real for any case, most of them are cooked and made to fool users and make them pay for premium memberships. While the owners of the group dump their own shitcoins on these naive investors additionally profiting from the memberships as well.

Depending on market movement there are things to do in every stage. One can buy at the low or just wait it out, but they should not complain when the price goes up and that its too expensive then and rather sell for profit. No coin will give profits everyday and no coin will ever be the biggest one can imagine, these are cyclical movements and not absolute.
2135  Economy / Gambling discussion / Re: Go home with a profit and come back to end up losing a lot. on: September 24, 2022, 11:44:32 AM
Two reasons why gamblers always end up in losses is
1. Not stopping permanently after a win.
2. Chasing after losses.

A big win often instills a sense of confidence and they forget that the casino is running there for years because of human greed and clouding of judgement due to greed.

Considering the lifetime losses due to games of chance, if a player would win a jackpot like amount and never gamble again, they would have successfully defeated the casino but this is rare, most of such users come back only to lose the money. The addictive nature of the game and the confidence that falsely builds up is the reason behind this.
2136  Economy / Trading Discussion / Re: trading is good for traders with passive mindset on: September 24, 2022, 07:09:34 AM
Yes especially if you are in this bear market, you invested in bear market we should be prepare for losses as well, not all our investment are designed in linear ptter that makes us win often of will not lose so easily.. People find hard to be patient at first but sooner or later once they understand crypto and the different cycles as well they know how to read charts in different ways will help them to be rich soon.
This habit of hanging in the market even when it goes up or down is important for new traders. What I have seen is that most of them leave trading too early because they encountered losses, the losing mindset. This quitter mindset will not carve a good trader.

Instead dummy trading solves a lot of these problems. By doing dummy, they will be sensitised to the events that commonly happen and not get crazy over ups and downs.

Sooner or later it is the ones who stick to the market and be determined about their investments are the one who end up as hardened traders.
2137  Economy / Gambling discussion / Re: How much money do you leave in crypto casino? on: September 23, 2022, 05:25:20 AM
What about you guys? Do you leave your balance in your casino balance or you withdraw immediately regardless of the reputation of the casino?
Any casino reputable or not can get hacked at any time. During such periods if you have a large amount of money on their wallet, you will have to face the mental havoc of not being able to access that money.

Would you rather want to go through that painful process of when things get resolved and when the casino declares that their hot wallets were safe?

For a regular gambler I can understand that they lack the patience and they want to start playing as soon as possible. So there is a possibility that they only keep a smaller amount left on the wallet so they can start playing while having made a deposit already and waiting for it to confirm. Besides with so many bonuses and promotions going on almost every casino has some free coins for you to start off.
2138  Alternate cryptocurrencies / Altcoin Discussion / Re: regulating cryptocurrency on: September 23, 2022, 05:15:17 AM
This is actually government's decision after try to analyze the crypto itself
It becomes a bit tricky when the government tries to use its own people to regulate stuff that is difficult for them to analyze. There are very few people who actually understand how crypto works in every country's administration. Still we can hope that each country attempts to go forward in civilization and not backward.

It will take a lot of time for governments to actually regulate crypto and move it forward, or they may not and only focus on CBDCs.

Whatever be the future, we should focus on collecting bitcoin as much as possible from our every day income and recycle that every bear-bull cycle so as to keep on increasing it.

Like I said in my last, there are problems with regulating a decentralized currency, how the governments will bypass that only they know.
2139  Other / Off-topic / Re: Why full time to crypto why not to Skills on: September 23, 2022, 04:47:39 AM
So, first learn, then invest.
It is tough for a newbie to keep apart the temptation of getting actual money from the market and learning to do the same through dummy trading.

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On the otherhand, if you give more time in freelancing or other department, then it will be good for your future. Because we see in many websites (up work or freelance), the work here and get money as a huge amount.
It would be wrong to say that the amount would be huge, for a new user, they would need to do some smaller freelance work to build a reputation and then grow on that. It can also be compared to a type of investment because you are taking time to build on it and your skills.

If by any chance, they were already freelancing and they start newly accepting crypto as a payment mode, then the thing become different.

Even then, not everyone has the skills required to freelance for long. Often they do it for a short time and then move on, because the competition is high and the supply of workers is big.
2140  Economy / Economics / Re: MONEY IS THE MOTIVATING FACTOR, what do you think? on: September 22, 2022, 05:59:15 PM
To meet the needs of life we need money and of course we can't get it just sitting around and it needs work,
There are many ways to make money, either online or offline.
money is not everything but everything needs money
True, but money is still not everything and that is the essence. There are things in this life that money cannot buy and such things should be cherished while they last, like friends and family, good times with the folks. Money is only a part of what shapes these things and it can make things become better but if not used diligently can ruin a lot of things too.

One should not be trying to earn money just because it leads people or that people follow it. They will be misled and this happens when scammers are showing off their lifestyles on youtube and all and they easily fool people, with their lavish stuff.

Rather enjoy the simple things in life while making sure to earn with diligence.
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