In my experience, a lot of rich people are living in anxiety and fear.
I mean, it can literally apply to pretty much to any person in any financial situation. As for the question: Of course, an easy yes. Nothing brings me more security than money — knowing that I can afford to bring food on the table and to pay for bills and potential accidents and such. |
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Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?
Myself. It's just that personally, I don't do daytrading. My trades span at least a week, to months. As for how you do it, you just need a decent strategy and a lot of reading of documents, and a lot of browsing on Twitter. |
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ATH not ruled out but also not a sure thing
If anything, I think we shouldn't wish for a new all-time high this soon. If we do reach new ATHs in 2023, chances are, it's going to have a quick drop as usual. Idunno, I personally just prefer sustainable rallies than PnD-like price movements. |
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Personally, no. Definitely hindi ako against sa mga ganyang events pero masyado lang talaga akong praning concerning ung security ko as a person. Siguro kung asa area ako sisilip silip lang, pero in general – no.
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Banks aren't interested in buying crypto, they've already got many different assets and ways to make money. They also want to make money and look for a long history as part of their risk analysis, crypto has only been around 15 years which is barely anything and in that time it has gone sky high but then crashed back down to earth. The financial types that were interested in it have already made their money from this source and are unlikely to buy back into it - the advantages are simply not outweighed by the negatives.
I'm definitely not saying that banks are going to buy bitcoin/crypto, but it's not entirely impossible. There's a really small chance that they would buy bitcoin/crypto with a really really small amount just to hedge themselves. Traditional banking networks can already perform the transactions that crypto does much quicker and cheaper, so why bother with an inferior competitor?
Because not all cryptocurrencies(not even bitcoin itself) is trying to be the fastest and cheapest-to-transfer cryptocurrency. |
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Correct me if I'm wrong — but if I remember correctly Glassnode has some metrics on exchange inflows and outflows. Only a minority of their metrics are free for viewing though.
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Not sure what you've head/read, but ChatGPT is just a chatbot(a good one, to say the least) — how will a chatbot exactly be good or bad as for helping a person with his/her trading? It's not like a chatbot can predict the future.
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You create a crap ton of threads concerning economics, trading, and stuff and you're here being all amateurish and asking about why signals don't work. News flash — they never did. 99% are pump and dumps, while the rest only get a few trades here and there right.
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As we anticipate another Bitcoin halving, when is the right to buy in and stock up Bitcoin in order not to be left behind in the next bull market?
No one knows. Looking at charts you might think that the right time to buy is before the halving, but while history does repeat itself sometimes, it's definitely not 100% the same. Seriously, just accept that you can't accurately time the bottom and just DCA if you're bullish for the long-term. |
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Imo: it's possible that we already had the bottom, but it's slightly more likely that we'll drop a bit more. But regardless if we drop more or not, this area is probably a decent place to start DCA-ing as I don't expect us to go bounce up immediately.
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i want to ask about bitcoin mining. What exactly is bitcoin mining like? Even though I've read it several times, I still don't understand it.
Maybe tell us what you specifically don't understand instead? So people here wouldn't need to explain everything from scratch. |
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Agreed and if @libert19's suggestion is also really a reputable debit card, how long can they stay no KYC before taking action and ask for their users for KYC to go through the compliance nightmare imposed by the regulators?
That's definitely inevitably going to happen once the service gets big enough. I'm pretty sure other platforms that are far less monitored by regulators in the past have been forced to require AML/KYC even if they don't want to (e.g. LocalBitcoins, ShapeShift, etc). |
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Actually traders are prefer with pump and dump coin, not a coin that has low volatility...
It's really not the same for anyone. Some people prefer trading low caps, while some prefer trading majors. what's the point to trade a coin that has steady volatility and doesn't change to much? It's better to use that it as an investment since you don't need to wasting your time to every time check the graph for make a little profit.
This is why leverage trading exists. You can trade majors while amplifying the mostly-small movements with a certain amount of leverage the trader is comfortable with. |
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Not sure how much money you're trading with, but 50% for trading is too much of an allocation in general; well, unless you're only trading with money that's so small that you're fine losing.
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Good lord. I usually go "meh, another careless dude" when someone gets hacked, but we're talking about Luke here — an actual OG developer; probably a hundred times more technically literate than me. This made me nervous as hell.
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If this was also a "why Africans are using crypto so much" I think information like this might go quite well to explain that: https://www.statista.com/statistics/1175891/distribution-of-credit-and-debit-cards-scheme-in-nigeria/(from information about Nigeria that seems to be quite a popular place for these sorts of companies) About 28% of card holders have a mastercard and 18% hold visas while the majority of card owners hold cards from local transaction processors. I can imagine that means there's places visa isn't accepted (I've been in shops in the UK where Amex isn't accepted and some places also used to not accept mastercard years ago when it was much less popular). Since crypto was mentioned and not specifically bitcoin, I assume a sizable amount of usage is through stablecoins, right? Idunno, it just makes sense for the majority of the people to want to use USD instead of a volatile currency. |
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It doesn't matter if he could've made more money with ETH. It's just like saying that a person could've made more money buying a specific stock instead of buying an index(e.g. SPY). Both assets simply have their own risk:reward profiles.
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In my case — and I'm pretty sure in most cases, revenge trading has almost always ended me up with a far bigger loss. It's pretty much just taking a trade just for the sake of it because you want to recoup a past loss, even if you have little to no conviction with the trade.
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That is true, the issue is that people even after the 2018 bear didn't really ever start to get bitcoin back in the right direction. Basically everything after 2018 was just a hype because of high prices and not because there was a fundamental progress. It is obvious that prices can go up again, simply because bitcoin is limited to a specific number. The question is, just how sustainable this rise could be if there are no fundamentals to support it  How do you even know for sure if a price increase was caused by hype or fundamentals? Also, how is the increase from 2016-2017 not caused by hype? If anything, the 2017 bull was far more hype-ish. |
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It seems that the price these days is largely dictated by miners that constantly sell coins and investors that hope for future profits.
I mean, we always had constant sell pressure because of miners. It's really not anything new. Are people even willing to still follow these idea or is bitcoin doomed to be a place for profit gamblers that will slowly loose its relevance?
I've seen a lot of similar statements from the 2018 bear. Look where we are now. |
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