Reading book is not even a bad thing for a start and it should actually be the first thing every trader should be doing as far as I am concerned, but I totally agree with you that if you do not get a grip on your emotion, you are really going to be screwing up your account a whole lot.

Most traders are always in a haste to make money, they read some few stuffs, they just imagine they already know it all and instead of at least getting to practice and doing great for themselves, they just simply get themselves to the risk of initial practice which will always come with some mistakes which is based on emotions. This is the reason I always say it is the best thing to practice with paper trading or demo site even after learning, to at least build on one's strategy and then gain confidence in making decisions.

I do not agree 100% by that statement. I mean I agree that price action has the most important data for us to trade however the news are giving us small trade options as well.

It doesn't change the price that much anymore (unless ETF gets accepted eventually, which will affect the price insanely) however it affects the price a bit, you do not have to look for news that is basically mainstream media as well, look at the crypto world news, for example the other day some exchanges stopped dealing with tether and some dude sold all of his tether to buy bitcoin and all that which means it is still "news" but it is not news like ETF that airs on mainstream media as well. So I say watch out for news but watch out for the news basically inside the crypto world and not mainstream media news about it, that way we can still trade accordingly and be profiting from it.

Well, it is not something that augurs well with everybody but I feel this is something every single person should have started getting used to by now. I would not blame the team for imposing KYC as they have to comply with law, but not informing right from the start of the bounty and waiting till the end is something shady as it seems they understand that would limit the number of participants for the bounty campaign, and they would not want to see that happen which makes it extremely shady.

Best now is to always confirm as much as possible or the forum devs should make it a rule that it should be stated before the start of any campaign at all.

I may not have so much yet, but one thing I have thought of is to just put my cold storage in a safe in a trusted bank, and then leave it there. People live gold and some other assets or documents in a bank vault and all you can just do is to pass it to your next of kin when you die. Like you said though, it is always better to leave instructions, so they do not end up losing the funds out of trying to even understand what they are holding and then the stuff getting into the wrong hands. One way or the other, it should always be a good thing to put them through and at least make sure they have a huge idea first.

A big lol to that first part. A lot of cryptocurrencies have gone missing over the years as a result of death and the individual not making some pretty good arrangement in the case of his or her demise. For instance, recently a man who is holding billions of dollars in XRP was found dead, but unfortunately no one have an access to what he is holding except himself. Like you said, sometimes, the best way is to just either put what you have in a cold storage and then probably save it in a bank vault or a safe like you said, which will be accessible only when you pass away.

$10k should be really easily achieved if the ETF gets accepted but there are a lot of things that depend on the price of bitcoin and not just ETF. Now ETF would be a great news for the price to go up thats for sure, if people overreact it should be going up, if people do not care about it as much as we imagine they will the price will definitely go up but not insanely.

There are also whales who will change the direction to their liking. They could support the increase and if people are mad about the ETF and going up they could fuel it more and the price would reach 15-20 thousand dollar levels easily let alone $10k (this is based on what I have observed from various levels of this forum members).

If they do not want to see bitcoin going up because their money is tied to some short futures or something than they will try to keep it low as much as they can and at that point even $8k would be a miracle. Hence ETF is automatically something that should increase the price but how much depends on the market and the players.

That is the thing and a lot of people usually will not have that in mind that, come on, this is a space that is seriously growing every single day and the possibilities of seeing a high level of adoption setting in is huge. It would take you to understand what you are holding to actually come to terms with that anyway which is what a lot of people find pretty hard to do.

This is a very volatile space, but for those who are patient enough, and looking at how people were so happy calling a new ATH at around $6000 last year, before the bull run started and then we got to as high as $19800, now we are having the $6k as a bottom where people are looking to get in. That is just life, another man's celebration yesterday, is another man's opportunity today, so imagine what would be like tomorrow.

Actually, if we are to look at the reward to risk ratio and for those who understand what to look for in a market, I would say there is no harm in buying now. However, since the market is a bit stable inside the triangle now, it is until a break out happens before we will be able to know where the market is actually headed.

For now, I guess we may just have to wait and see how things would turn out in the long run, but for those who want to go long in the market, can at least, but a little bit now and look at how the breakout happens before getting to buy more.

You are wrong about the part that dollar is backed by a government and a country and not banks.
Yes, banks are a big part of the dollar value however government is a bigger part of it. When america gives china or whoever papers that states they will pay their debt it has a value. Would you loand 1 trillion dollars to USA or to Venezuela right now ? I would highly think you would definitely prefer giving money to USA instead of most other countries.

Yes, UK seems like a better place to give your loan, yes France might be close, Germany definitely is a good place to loan as well (not like they would need it) and so forth but USA is high on that list. Which makes dollar valuable, plus all the oil trade is done thru dollar which means people all around the world need dollars for the oil trading, oil people get paid in dollars and buyers pay in dollars so that creates a demand for it as well. Combine all of this and you get yourself a not so bad currency.

Of course, you can still prefer euro or sterling but dollar will stay top 5 currency for a long time to come until USA starts to default on their debts which I doubt will ever happen.

I have actually used Kucoin for few transactions for a while now and I have not regretted doing so. It is not a bad exchange, I have not had any problem with withdrawal or deposit, things have always moved swiftly, the security is great and at least as long as you have your 2FA enabled anyway, and for what it is worth, the support is pretty fast to my amazing. The only issue I may have will be fake volume, but I guess this is just something that has been a norm for most exchanges for a while now and most especially for upcoming ones, but it is not a bad exchange actually.

At least, based on several reviews online and for the fact that I have been using it myself for some few trades, I would say it is not a bad exchange to make use of at all. One thing with this exchange is that it is somehow more like a clone of binance except for just some tweaks, but when it comes to user interface to a large extent. Nonetheless, what is important is that as long as I am able to do normal transactions, I am good and fine with the exchange. What is important anyway is that no matter how legit an exchange is, you do not have full control over your wallet, and you should never put what you cannot afford to lose.

Yeah, there are lots of them and they are by far more legitimate and trustworthy in their dealings with solid backing than Tether which is one of the reasons people should understand that tether days won't last pretty much and the chances of seeing the USDT market being dumped by then will be terrific which I believe by now, this is something everyone should either be bailing out now or at least, picking the new stable coins that have solid bank backing and real life funds and not just some shady stable coin called Tether.

Most exchanges pretty soon will be delisting Tether as far as I am concerned and I am trying to see how that would place the USDT market.

There is no doubt that blockchain technology is taking every sector by storm and it is just about time before we started seeing it spread widely in usage and implementation. However, when it comes to having a global currency powered by blockchain which in this case we are talking about something created by the government, which obviously would be centralized, I really do not see how that would be plausible.

If we have to even consider a global currency powered by blockchain, I think bitcoin has already taken that spot as far as I am concerned, and every government worldwide, would practically just come up with the idea of integrating the blockchain technology into their system which would still be centralized and regulated as usual.

Yeah, we know that is a common thing and it happens even in the real world in which you can get scammed and then the person running away with your funds. A lot of people do not get to do due diligence before even making any attempt to invest in an ICO or anything at all. They hear people making shit loads of money in the long run, and they just assumed and imagined that is something they should pretty much just go for without even getting to know some little details that would help them in making their decisions. ICO investment is risky, but what you do to minimize the risk on your part is what is important.

Yeah, experience one way or the other will always teach us some lessons, but you necessarily do not need to have a bad experience on something if you can at least dig up some information on how to thrive in that environment. A lot of people have made investment mistakes in the past, and it is a good thing to always learn from people like this and then inculcate that learning into your own decision making. Learning is one process a lot of people skip nowadays because they are always too lazy to research and read; which is something that has affected a lot even in this space.

For a regular trader that knows what he is doing, it is actually a whole lot possible but one thing is that it is not every week or every time that the market can always be favorable to trade based on your pattern or strategy and in that case, this is what makes trading not to have a fixed amount you tend to gain daily or weekly as it would always keep varying.

Some would come well, some would not, but at the end of the day and on the average, you can see yourself still doing great if you know what you are doing. Also, to be able to have something that consistent weekly, that can only easily be achievable with day trading and with that, you really want to be sure you know what you are doing.

Yeah, that is one thing that makes day traders to always get something substantial consistently from day trading but the ability to day trade any market is something that absolutely comes with knowledge and experience and if that is lacking, you will not find it pretty amusing at all.

Day trading is a whole lot complex than every other style of trading as you need to keep monitoring the charts every single time, but one thing is that sure it can be promising, but the same way it can be promising, that is the same way when you do not have the knowledge, you will most definitely see the bad side of it. That applies to every other style of trading actually, but day trading being the most risky; you will really not be doing yourself well if you are not confident with a strategy or if you have none.

They really do not get ignored at all. Firstly, this is something that we obviously were expecting as the market has been moving inside a triangle for a while and obviously in such scenario, there is always a possibility of break out to the upper side most of the time.

This is a market, and people should get used to the fact that market will not just start spiking pretty much or just going down like that, it develops and even as volatile as the market can be, it all depends on how each individual gets to see things. For me though, I want to assume this is a good break out and let's see how this week's candle closes.

Possibly, we will get to see some recovery by then, and whether bitcoin has bottomed out already or it still has more ways to go down, one thing for sure is that, we most definitely are going to hit the bottom before the end of next year and we would have started a pure uptrend.

So far, we have seen a huge breakout outside the triangle, and for now that is a pretty good sign at least in the short term. However bitcoin is going to go is one thing I know that apparently would be a glaring thing when it comes, but for now, we just have to be patient and then see where we are headed eventually.

There was a lot of tether going to waste by people cashing it out for cheaper than what it should be worth because of a FUD someone created and got around however the truth is bitcoin price was not affected by that but mainly affected by the person who has bought about $15k worth of bitcoin. That was a lot of money to be bought at once and we have seen what happens when someone sells huge amounts of money all at once, same happens to the other direction when someone buys a lot of it as well. Considering all of these combined with people worrying about tether and moving away from it by buying bitcoin with it to get out, it makes sense bitcoin had a "pump".

It is called a "pump" because it is not a real increase in price but a short term spike, that is what pumps are, short term spikes, if the price is not high right now because it wasn't an "increase it price" it was a "pump" which caused the price to go up and go down.

Is this actually the longest correction? We have seen a lot before and maybe this is the first longest correction you possibly have encountered. Of course, it is a market, corrections are normal, and there would always be a reversal at some point which is why anytime anyone wants to be getting into a market, they should be looking more at trying to pick the bottom and for now, I feel bitcoin is really trying as much as possible to make $6k that bottom.

We cannot tell what the future holds actually but for anyone going long, this is not a bad time to be getting in at all. Looking at the breakout recently, I guess we may be seeing some green days even before the end of the year.

The problem with making it global is the technological development in many parts of the world is not as advanced as some other parts.
I agree that individuals can be highly advanced in many parts of the world but even in the most improved countries there are parts technology is not at the levels of the metropolitan areas.

Now think about one of the most advanced countries in the world, USA, in america people in new york and los angeles people have insane technological improvements but think about the elderly farmer in kansas for example, he doesn't use that technology, now thats USA, think about all around the globe. It will take a lot of time before we can get elderly that is up to date with technology.

And really, that is the absolute truth. I wonder why a lot of people think money is the thing that would possibly save an economy. The definition of economy literally is the state of a country or region in terms of the production and consumption of goods and services and the supply of money as well as careful management of available resources. When all these things are not in place, there is absolutely no way on earth a country's economy will become good no matter how much they adopt bitcoin on its own. Bitcoin is not just going to be the currency that would practically just save an economy single handedly; there is so much to an economy.