They won't always be making profit. They will once they sell at a profit after buying ar a low. A good trader keeps this consistency in these things. There are times when you will fell low but don't let the market bring down your morals.

Taking profits is always difficult for many people. This depends on patience on waiting for prices to hit.

Overall traders have their own approch to bear and bull markets. It is not everyone's cup of tea.

Gambling tokens are no different from other altcoin tokens. At best they can be expected to go bigger than average altcoin. Still I have not seen any of them making really big market movements.

Bitcoin is the basis, the standard here. Looking at something not from the Bitcoin point of view is a wrong thing. One can use USDT to measure them though.

It does not mean that we are all bitcoin lovers and altcoin haters. Altcoins never make any impact on the market in the long run. It is bitcoin which stands tall.

Awareness, information about the pros and cons is what we should aim for. We cant change something in one day so this takes time and needs patience from our side. Also try to begin this from home, involve your friends and family, try to gather a local community among crypto and watch it grow.

Gradually governments are going to notice and they are also going to take actions. While most liberal governments will allow crypto gradually, this might not be the case for conservative ones. If that is the case then you are screwed.

I know a lot of users in this world are having bitcoin but cannot spend it for daily purposes because of restrictions. Hope for a better future is there and we can only hold on to that hope.

Putting 20% of salary into crypto is not what I would recommend, keep that limited to 10%, if you want to keep all your "investable" money on crypto.

If you are looking to diversify then dividing that into 5% each into crypto and stocks seems like a better option from my view. However this ratio will vary every month. In some months crypto will go up and you will not be buying any, in such months go for bigger numbers on stocks and commodities and vice versa.

As far as crypto is concerned only invest in bitcoin. Do not go for any altcoin as a beginner. For stocks I dont think this is the best place to talk about, you should do your own research for the long term ones and stack those up.

This is more or less what I follow. Crypto buying is once a month while I buy my chosen stocks every few weeks.

Truely speaking at the onset nobody can predict correctly about the outcome of a project.

Most of the projects start with very high hopes and they eventually turn to a failure or scam, the reality of this sector. It is better to be pessimistic here since 99.9% of projects will be like that only. Dont expect a newly launched project to be in the top 10 coins list in the next 2years.

What you should check is an intrinsic market making capability - the ability to spend their coins for services which are actually useful and in demand. This creates the scarcity for that token and hence the price will rise in the long term just like bitcoin. This is lacking in most projects that have been launched till date.

Many hunters have been dumbed by teams promises and whitepapers presentation. These projects tend to be more on the scammy side than legit side, truly speaking and the reason why that happens is also clear - the niche projects can never compete with similar projects in the mainstream market which is why they stopped trying to do that.

Even the NFT hype has died out and shitcoins that had been trying to be popular are gradually dying out, just like many altcoins several years ago.

It is better for hunters to contribute to the forum like a normal user and gradually improve their rank so they can get into signature campaigns.

1k is a price that can happen if there is a huge dump. Logically I don't see that happening because such price drops happen gradually not all of a sudden. As that happens people start buying as well and the correction to the drop also starts.

Someone will always be there to buy even when there are people to sell. But if really the price reaches that too, I would already have started buying.

A sudden drop to such price requires a huge volume of money, which is frankly aburd to even think of. Peak or bottom is less important to a trader, for them the number of times they can buy at the low and sell at the high matter. So don't think people will give up on Bitcoin so easily.

A family member investing in Bitcoin is expected to be a small cap investment, unless you belong to one of the richer families of this world, which is an exceptional case. There are smaller investments which make a difference but raising the price may not the possible through it.

I appreciate the fact that you are trying to get more people into crypto but that won't raise the price in a short term but long term only.

The bigger whales make their moves but you have to be patient for that to happen. Currently the price is trying to cross the resistance levels so expect higher prices soon and a good time to sell.

There is no such token that one can invest in and immediately get huge profits in a short time. Anyone telling you the opposite is lying and probably trying to scam you in some way which you are too naive to figure out.

Just use your brain for a moment, if there was such a token, would everyone not have invested in that already and its name already spread across the internet?

You can make profit from the market by buying and selling at a difference. But this takes time to learn how to trade, which coin to put money on and which ones to avoid. This is not a get-rich-quick scheme which are always scams.

The correct chance that you pick a token at random and that it will go 100x in the next 10hours is very low, so dont bet on such things.

Real traders are the ones who end up being consistent and that is possible only if they know how to deal with both bear and bull markets. What goes wrong with majority of short term traders is that they make the wrong move at the wrong time. While there are chances that many of them will recover and learn from their mistakes, the grief of losing money to something new is often tough to deal with and lead to exit from the market completely for many.

The way to prevent this from happening is to know that every bull and bear cycle is a continuous process and prices will move in the opposite in a span of time.

I am not sure why the question of volatility is so much in the air when the yearly volatility remains between 10-15%. The concept that Bitcoin is too volatile for mainstream use is a vague exaggeration of a simple thing.

The reason why today bitcoin and crypto is on everyone mouths is the speculation around its price and hence the hype around many altcoins.

Abolishing speculation is absurd to think of and that will drastically reduce the popularity that Bitcoin has gained. I think we are doing well in this regard for now.

Trading is at maximum a side hustle. It cannot be a job because of the speculative nature and the uncertainties associated with it. This applies to all types of trading.

So if a family member is willing to get into it, explain the same to them and tell them that it cannot be their main job. The main job should be one with a fixed income every month or so.

The technical analysis is pseudoscience and only correct at times. It is better used to predict rather than take decisions. Otherwise everyone doing TA would have been a millionaire already.

Dude, if that was the case, we would never have seen an introduction of Gambling disorders into the International Classification of Diseases, last volume.

That does not mean that all is lost for the addicted gamblers. There is always hope for de-addiction but the impetus has to come from the gambler itself.

Many countries and communities have social gambling festivals. But one has to understand that going to these once a year is fine but doing gambling everyday means you will get addicted. Once that happens, it is difficult to turn back.

It is true that switching from one to another is a wrong process for someone who is a veteran in one. But I will not discourage people to learn something new, because it is a good thing to do and breaks the monotony.

Still for a speculative market this type of approach raises eyebrows because it shows that the trader is lacking patience during a bear market or in general.

Trading on forex requires a similar learning curve as crypto. So it is not a quick rich scheme either. Don't be like the people losing money on casinos and then saying that they would make the money back on forex. There is no worse type of over-confidence.

The point is that most traders are expecting a bull market to start or have started. But this is because of the collective conscience of traders expecting for the best. It should be carefully approached because every long bear market trends to get sudden dips.

Altcoins precisely don't see that better recovery as Bitcoin shows. Hence investing in those means you are somewhat gambling into the unknown. The best process is to wait and watch the movements till a bigger margin of price appears.

Scalping should be done by veterans only. Newbies should approach with safety and not take decisions in haste.

All signal groups anywhere on the internet or real life are scam.

You cant expect someone to tell you which coin is going boom before it does. People dont create these groups to help others make money but to make money for themselves. They essentially give a signal to buy a coin when the owners are selling it and vice versa. The one following the group is the one losing money.

Moreover there are paid groups as well - which is another gimmick. It is the same thing just that it has an additional fee, which market as "premium" but has nothing special.

Such groups are also not legally approachable, so you lose your money and have no where to complain about it. It is better to avoid them and learn how to trade yourself.

Remember that there is no shortcut to success, if someone is giving you one, it is likely a scam.

Backed by bitcoin would ask the question what is bitcoin backed by? The answer is trust and faith by its users. Similarly every other altcoin is backed by trust by its users. There is not need for them to be backed by bitcoin - then bitcoin would essentially control the market which everyone may not like. Although most altcoins dont even get any development backing from its developers some may be there which are genuinely being developed and those would like to have their own ground.

Being able to pay for services with bitcoin essentially means being able to pay with some sort of crypto, choice of which crypto to be used depends on the user. Each altcoin carries its won advantages in blockchains and fees. That decision rests on the user and hence nothing like bitcoin as a standard has developed yet and IMO not required either.

I get that you want to borrow funds to trade.

Now there are some scenarios possible.
1. You are a legit trader who made profits. In which case you should show the proofs of profits and returns and then use that to pitch yourself.

2. You are a scammer trying to get the attention of naive newbies.
This is more probable scenario because of this is an internet forum where people don't come and talk big about themselves unless they are faking it.

So please provide proofs and not just talks.

Speculation is for trading more than gambling.

In gambling on EV- games there is a quick satisfaction involved in making the best and losing or winning it. In EV+ games there needs to be background workup of the assets and their charts before making a decision - again it will take time to get filled. Therefore trading on spot is not compatible with speculation completely than what futures or marging can be compared.

I think it is better to follow what you love to do. If someone likes trading and makes profit in it, do it, don't demean yourself that you are actually gambling.

It is impossible to know from the beginning that a bounty will turn scam or just deny payment because they failed to raise money. In most cases the payment gets delayed but truely speaking, one must do some introspection and see for themselves if they feel bad about the team not paying them for their hard work and rethink this decision - maybe they are worth a higher respectful position.

This is why I encourage newbies to work on their ranks and join signature campaigns and not bounty campaigns because the latter always ends up in the wrong way. It becomes an endless suffering trying to make money from at least one bounty when each of them is a shitcoin.