Yes this will definitely be a challenge for such country that isn't really technically advanced. For the beginning, the masses with less knowledge will suffer not only about trying to understand and use bitcoin but there will be alot of scam and phishing as you have pointed also. But on the long effect, bitcoin adoption will keep raising with this kind of news anyway.

No it is not but don't dump 80% of your bitcoin hodling at once because you don't know where the next move will go and you can't see the deep to buy in cheaper.

Drop such amount if probably you can be sure that will be the highest high of such coin during its existence. But many coins have shown to be a taste of potency in the market, for example dogecoin. Dogecoin have not had this kind of bull since its creation but it has done it at this year's bull and keeping on strong. So wherever percentage one can drop, don't do such in fear or favour but to your analogy of the market situation.

With the different dynamic of the current market compared to 2018 drop, these two category of investors are what would make the difference because they believe in the technology of blockchain but the little investors are those setting up sell orders because of fear. Usually, fear is what causes further drop in price. The price has been hanging at $35,000 and $36,000 but if further bear begins to happen, that will be because of fear for waiting for bull which isn't coming up as quick as expected. Again, Elon musk has caused more bear to the market with his tweet that caused great drop in price of bitcoin.

I think trying your strategy, you can as well do that by opening a practice account where you can do a test of your strategy especially for a Forex trading if that is what you are looking for, you can check up to a year past.

Op my concern here is that, do you think the outcome of cryptocurrency will make dollar to lose its value ? I think that may not be a good reason for the outcomes of either bitcoin or altcoins to make dollar value to be lost because cryptocurrency is relatively young and dollar have existed far before crypto. Crypto is just 10 years plus , which means dollar have been paired with so many other currencies, commodities, gold and others. Without cryptocurrency, dollars value won't be lost on the longtime.



Revert what? But what will be the point of revert {if that is possible) when all funds have been evacuated?

The definitive estimation is that a good trader can make profit from both bear and bull run. A dropping market does not depict losses but also an opportunity to put your bucket and get it filled just like bull also. Just to identify the trend.
Reference below from thread:


Yes you have the essence, I ended the thread that way. Bull and bear are different direction of the market to make profit.


There is link at the top of the thread, guess you didn't see that.

That's the screenshot and the link marked on read

Bull and bear



Bear and bull in trade market (both Forex and cryptocurrency) is linked to animals and that is due to their behaviour in attacking an opponent

In the first place too , the history of their names is significant to the way they launch an attack during a fight.

Looking at the name bear: A bear, bears are carnivoran mammals of the family Ursidae.  

A bull is an intact (i.e., not castrated) adult male of the species Bos taurus. More muscular and aggressive than the females of the same species.  

Both of these animals are known for strength and power

Therefore, in relation to the market direction, bear means market plunging downwards and this is tied to the animal bear. The animal bear usually go attacking this way.

Facts about bear and bull market

Both defines power and strength.

You need to identify the particular direction of market, either bullish or bearish

You can take advantage of both kinds of market to make profit
by employing the right strategy.

None is preferred or better than the other in the real aspect of it while in trade.

There is a little bit of bull in bearish direction and a little bit of bear in bullish direction.

You will be swallowed up if you trade in opposite direction.

Finally, a trader can make good profit from either kind of the market. The myth around bear for losses is not true if you spot your bear and sell.


So trade with care and use stoploss.

Is very good to see you are managing bounty too. I hope to see the very nice management skills you have in signature campaign deposited on this section too. Be the clean up that the bounty section requires. Keep flying to greater heights.

Nothing inventive you say ? No they are but you may have become use to such lines and wouldn't waste time to take to your heals when such lines are given to you.

If you are in the space with the high taste for getting rich quick, you will fall for such. If you fall once then there is possibility that you may not again except the person is extremely greedy.  Most culprit here is the newbie who are totally new to scam because they believe totally what they see on the space but they never knew it is the more you look, the less you see.

Personally, I don't consider doubling money from somebody that I didn't work for or make contributions to his or her life. I consider if it were possible for him or her, then they would double their money by themselves but you see someone falling for another person's trap of scam even when it is clear .

One big reason people get scammed is greed. When you want to double money with someone, you just know it is not possible.

My condolence goes to the family of this lost follow (@becky666).

Death is one painful thing we all owe to the people we are going to leave behind. It is painful when you don't see a loved one anymore.

It is painful that death will always have a particular excuse or course for picking up someone either in sickness, accident or even through the deadly covid-19 pandemic.

I also use this time to extend condolence to every body who have lost someone during last year to this season from any course including covid-19.

RIP to the account bearing Becky666

But we can't take away cheating in human society, this is unfortunate that no matter how the institutions are built around us , we can still find others cheating. It is endemic and very few rich guys have made it without taking from the poor especially in a capitalist economy system.

Lol can you point me to where I called myself new in the post you quoted  
Experience is different from saying new  
However, human are still learning and we can't stop learning because the day we stop learning we start dying.


You get the point on it and these are the two (PayPal and Elon musk) major news in recent times that have changed the direction of the market, one for bull and the other for bear. The news from my observation force the market to change direction while technical continues from the direction.

Is nice that you mentioned Amazon here. You seem already to know Amazon stocks is valuable and as you know in 2020 that Bezos was made millionaire when the stock of Amazon jumped at a time when bitcoin adoption was just growing

Like the story here




The record can repeat

For the years you mentioning, I don't see any reason people won't be made rich from hodling stocks of institutions now that many of such institutions are buying into bitcoin directly and that would attract stock investors who are scared to invest in bitcoin to now invest in stocks of those institutions

This is what I notice in the little time I have been here.

Apart from few months after halving, I have noticed that news is one important factor that will increase or decrease the price of bitcoin. And when price affect bitcoin, it gradually affects altcoins and you see red all the places. For example, when the recent deep happened, all altcoins also went down.

I realize also that at every bull or bear, the market is waiting for a news to change the direction. Like such news from Elon musk is capable to do that and now I realize the power of such influence on the market. The fud gradually caused huge dump because it created panic, though price is recovering as bitcoin is appreciating.

Also that anytime that there is adoption news by influencial personality or institution, price increase because it means more investors would leverage on that. I remember this when PayPal announced the use of 4 cryptocurrency including bitcoin, it gave an increase in price and that pushed for the current ATH.

My conclusion therefore is to take note of these factors as they have shown to be indicators of direction of where price may move to.

ICO is acronym for Initial Coin Offer, it is also like the public companies call Initial Public Offer (IPO). Just as it is to raise capital for the company for its operations, it is for crypto the same thing alike. The difference however is that you can see the public company, visit them or make enquiry about them from regulatory bodies and most times the government won't allow them to scam the people. It is more secured compared to ICO.

ICO is quite riskier to invest on because it is less regulated and that is why it easily scam you off your money. This is the reason you need to be careful and research more.

While researching on ICO projects, you need to focus on

1. ICO organised by existing company already: This is because that such companies have reputation to protect. A good name always carry customers to your domain so they may not scam.

2. Search for ICO that has the support of reputable company or are in partnership: Just like number above, same thing can apply here, the image is greater than scamming you. Ensure the company has a great history, anticident and performing.

3. If it has the support of a reputable user on the forum: At least the user know that they will be legit before supporting them because of reputation.

Always remember that above all, ICO can scam you so be
sure to research and invest in the tokens of companies with a strong reputation with clear business model.

ICO is such as supporting a vision and you don't need to ride on a car rode by someone with blurred vision because you will be destined for dome even before it started. You have to invest in a token which shows exactly how the project is going to benefit you as an investor.

This kind of feeling is same to what is happening cuiat the market with blood spill everywhere   and some are cashing out in fear while others are hodling. I think what matters is our plans to the investment we make.

A longtime determined investment is different from those who are in for the short time and gains. For the short time, a little pump will be considered a good business but that won't be considered as such for the long time who probably is looking at 10 years and also for a particular price range. This could have been the winning for those investors.

And just so we understand it that currently now, some coins that are very low in price today won't remain low in future. The choiywe make today will determine how we are also going to feel in future and how others will celebrate, talk and write about us too whether here on the forum or in real life.

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1144359
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EARNED merit in the last 120 days: 12

I have read the unfortunate story. Unfortunate because the trader took his life by him self but not because he did the right thing to take his life or to open a leverage account. Leverage trade isn't a crime actually but the incident now rings it more to traders on the need to be careful about leveraging or high leverage. I'm also thinking the user used a very high leverage which is why his account burnt out fast.

Now from the story, to me why reading, I saw it was like it was the fault of Binance that someone who couldn't manage his emotion and account could blame Binance for his high unguided risk appetite. That particular line is on quote below.


Analysis time from the quote above

1. He opened a leveraged position:Response ,  because of his greedy appetite for quick profit.

2.Unfortunately had his entire account liquidated: Response , the usual result of leverage trading if not guided. So his wasn't or wouldn't be the first nor last because more traders will keep using high leverage.

3. Liquidated by Binance when he was unable to login: Response, it would have happened by any other trading platform if you don't guide your trade , it wasn't just about Binance but the attitude of the trader. He wanted profit but wasn't thinking anything could go wrong with the trade.

4. Unable to login to close his position: Response , he didn't need to rush to login in if he did the right thing by using MM (Money Management). MM is also good incase network goes bad. The user may not have found it easy in login because of network challenges.

This is unfortunate because of the death but we need to learn the mistakes and it is a saying that a wise person learns from others mistake.

It is not hard to know factors that can make price rise or drop, it is certain that fud can be one factor. Like Op state below that China ban on mining


I don't know if that is true or not but I'm yet to get such information. So such news can immediately throw the market off from its balance either causing a huge drop or rise.

And the title again is capable to change market direct. It all means that news is highly a factor to the direction of price. Also huge sells can cause panic and make for more hodlers to start dumping because of fear and uncertainty.