I agree to this and I agree more that bitcoin can offer even the poor the opportunity to be able to hodl bitcoin in expectation of an increase in what they have invested in the future.  Although the quantity of investment by the rich and poor varies because the poor can only afford to invest in smaller quantities but at least it has an investment power that will become worthy of value in the long run. Even where bitcoin can't solve the gap between the poor and the rich but it reduces it quite significantly. Like we see many traders and hodlers of bitcoin unlike when it was newly created, this shows more people are getting into the circle of bitcoin.

Risk management is important if a trading wants to be successful. You need to calculate your risk to reward ratio because as you are targeting for profit that is also how you need to look at the risk you want to incur. You don't have to let loose yourself at your greed appetite for profit because the market can rebounce back to entry price and probably start any opposite trend and that is the reason to also apply stop loss to how much you are willing to loss to how much you are willing to gain in any particular trade.

VPN is indicative of some restrictions. It is when you don't want to be identified either through your IP that you may want to use VPN or it is personal for the person to use it based on his or her own decision even if no restrictions but otherwise just very few or maybe no one want to bother themselves about VPN. If your country have no trade restrictions on cryptocurrency, why the need for VPN.

The closing of June didn't show flag that price can go down that much so that momentum could be sustained for this month. If there are no negative news this month then it can ride the hype of sitting at the edge of $30k to gain more space in. At the moment, $31k seem strong it might keep moving slowly for the time.

Bear flags is just a confirmation of bear trend and nothing much to it. A newbie may find it a little bit confused if not explained in simple terms. Watch the trend if you can use longer time, confirm lower minutes and go in if it suits you then within minutes you are already in profit that shows you are right with the trend. It is not a rocket science that if you enter a wrong trend then you will come out in loss.

Panic somehow is part of the market but not that it must happen. Most people who panic are new traders or hodlers in the market because they are confused on the volatility of the market. To avoid being put down by panic as a trader you have to use good management and don't take huge risk. At all market also, you need to set your stop loss incase so you only can lose like 1-2% of your fund on the market and not to lose all.

Using different trading timeframe is well advised because all the time frame are Indeed necessary and play there different roles. Analytically , the timeframe can be explained with trying to see what stands before you before it happens. So you can see the short time effect and long time effect of the market by looking closely at the timeframe. 1 minutes and 4 hours will not give same result likewise 4 hours won't give same result with monthly. Example if the market close by the month, it is significant to the expectation of the next month. You watch different timeframe to know when to enter the market and when to exit. Most traders use lower time frame like 1 minutes and between 15 minutes to enter the market and decide when to exit by also looking at the longer timeframe, this is how important timeframe is.


What is worth doing is worth doing well. If you have to trade for profit then it is better to observe all what is good for the trade. It is a good trading strategy to take your time to get things right because if you get it right, it will reflect in the profit.

Lately I have not really heard success stories from altcoins investment at least during this particular halving. Altcoins era is really taking a dive so to invest in it at the moment is a whole lot of risk to go through. Hodling altcoins are just luck for one to come off it with same investment value but maybe something new can happen with altcoins during this halving, not an investment advise though.

Your friend is lucky. If he invested in altcoins, maybe that could be the altcoins era that is the time before 2017 when the rally for altcoins was very high. Coins like etheruem at that time were very cheap and ico scam was not that rampant.

Maybe he was part of those who bought bitcoin early like 8 -10 years ago when the price was still below $1k. He is worthy of commending if he actually saw the future from the risk he took because some people saw the opportunity but felt cryptocurrency investment was all fraud.

The only thing I got from your post is that you are asking I intentionally copied your thread topic out because the body of your post is not clear.

Anyway, IMO both are different. You can be a member who gets merit but with low reputation but on the flip side, a reputable member "should " be able to attract merit unbiased. But the whole point is that some people still believe that merit is still biase when you see some quality post but no merit on it. I think the merit topic is coming up often, just get to work and the merit will locate you somehow.

Probably there were many support traders around $29k above who had orders for buy and as soon as the dump got down there it became a strong nut to broken therefore a test happened and the price went back to the levels of $30k.

The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?

The basic thing for the forum is dedication and interest. If you have interest to learn about cryptocurrency and you come across this forum then that will become a primary interest to be here and dedicate time for it. This should be the driving force before any other thing. Merit system is what was introduced to the forum around 2018 so it was not there from beginning, don't focus on merit or be so worked up about it but if you give the best in your dedication and improve on your contribution, the merit will be attracted to you.

To succeed in what you do, you need strong passion for it. Passion is the key to success that is if you are enjoying what you are doing. Some people only want to force themselves into trading because of what they feel will come out of it and they don't go through the process judiciously. Management is important skill in trading but giving up is an option if it won't work.

They are almost the same but different also from each other like in cryptocurrency it is not regulated and so because of that you can not monitor news information but only rely on technical. The news you get from trading cryptocurrency is seasonal especially when there is some event or scam happening around the exchange or the whales but in Forex, you can really monitor it by checking the currencies of the country on the news and policies around them from their host country. There are more difference like the leverage used, technicalities etc.

After whatever you read from the books suggested to you, you need the techniques and technicalities involved in analysing what you have read and interpret them in the charts and your trade. Therefore, practice your trade in demo before going life. Moreover you need to understand technical analysis and fundamental of the trade analysis too. Visit https://www.babypips.com/

To this end I think scalpers may not have too much to do here with exhaustion, you are definitely waiting for correction and multi timeframe is useful to determine this position but I don't like to go for scalping because it is rather slow not to be caught up by retracement.. Although sometimes depending on the timeframe that this exhaustion is severe, it may change market direction especially with higher timeframe like daily above.

You are quite rich to deposit such amount of money summing to $20,000 for a start to a platform you have not tested or withdrawn profit from for the first time. This is surely a risk you have taken. Yes bots have the capacity for profit mostly when there is low volatility but for this, you have taken a huge risk of $20,000, hopefully it will be delivered to your account. Good luck.

I think this is the most difficult aspect of trading and this can only be controlled when a trader starts to make profit. If start making profit in your trade then you can now begin to master the things that go on in there and as they repeat themselves, you know already and ready to take your own flesh out of it without fear of FUD or the emotional tricks. This happens to both new and old trader. To locate trend may be a little easy for old trader but a new trader hardly knows what trend is. But by any means, this is really a challenging factor in trade.

Yes climate change has really affected the agricultural sector because of the effect caused by man with the activities of carbon emissions to the ozone. I think just last week that issue came up in the summit held in France. I think the government need to do more in the area of support local farmers who have individual and little farms in their neighbourhood by supplying seeds and fertilizer to be able to help them avoid rotational farming on same land so that they can at least support themselves year in and year out in the family feeding. Also those big farmers and mechanized farmers need adequate and interest free loan to road the farms, government can provide even tractors and other mechanized farming equipment plus irrigation because water is important for farming since the rains somehow is also affected by the ozone depletion.