Gambling is defenitely a part of different cultures and has been talked about in ancient texts. They have though, warned the reader about the ill-effects of gambling addiction and how the gambler is forced by their own mind to gamble more and thus self-control to stop this compulsion.

I would say that such texts are only a warning note. Cultures that have gambling ingrained in them should be avoided by those who are known addicts and trying to avoid making the same mistake again. If you visit Las Vegas you would defenitely spend a few hundreds (or thousands) on their slot machines but keep that as once a lifetime thing. Dont come back to claim your losses, because we all know that the outcome of that is loss.

If you think about fast you will get washed away like many other traders who were looking for similar methods to make money. There are methods which tempt you to take them because they promise big returns in small efforts but these are mostly scams. Because you have the idea of "fast money" in your head, I am asking you to be cautious about your investments.

In all good sense, bitcoin has shown a bigger possible return than gold. But this comes with its consequences as well. Bitcoin is not easily trade-able everywhere in the world and depending upon your local government things might vary. Both are good investments but choosing one over the other is not a feasible question, because both are for the long run and bitcoin is not something that gives returns in short term.

So if you were looking for a confirmation bias echo that bitcoin is the choice for a "quick profit" - that I will say no. It takes time to get skilled about trading.

The long term value of both are good. There will always be these choices to make but the chance of getting the maximum profits is getting both gold and bitcoin without getting altcoins at all.

Even though at this juncture we think that there are one and only investments, getting both is the best possible way for any trader. One going down will always give you calm when the other one remains in place. Be diligent about these things and don't be stubborn about only one asset.

It is recovering just that it is not in the tempo that the traders want it to be. While there are events that happen every day not that the effect of all of those are going to have an impact on the market.

We can keep the focus on buying while the market drops again. There is no need to buy at the rising price. Keep an eye out for selling points of we see bigger prices.

Let's see how long the uptrend continues.

Too much analysis leads to paralysis and hence it should be limited to what is necessary.

There are some basic rules to follow which newbies and even some failing traders end up not following. Buy at low and sell at high. This is why even if it is bear or bull it won't matter to veteran traders.

There needs to be a better care on how funds are managed. Not knowing this leads to the problems of going rekt.

Stablecoins are good as an intermediary mode to store coins while tiding over the massive market movements, not for a long term storage.

Say you have 1BTC at hand and sell it at 40k USDT and hold the USDT till the price of bitcoin becomes 20k and use the USDT to buy that BTC back, getting 2BTC. You see how the amount of bitcoin got doubled just thanks to the market movement? Using a fiat as intermediary here would be difficult to liquidate and time concerns. Using an altcoin would also not be feasible because that itself is subject to market movements and change in price.

Beyond that I dont see any use of stablecoins, they are just altcoins which are controlled by certain organizations pegging their value to an asset.

Investing in bitcoin at a low price means hitting the gold. Because crypto is all its glory ends up being referred to altcoins, I can assume why it becomes a joke at some points.

A negative mindset draws out your energy and rational thinking. Newbie traders will end up selling at the wrong time because they are too hardened to the fact that they might lose money. Instead the proper way to think is knowing when to buy and sell and also what to buy - which is only bitcoin.

Knowing that we can lose is something that should be there, but dont let that thought drain your energy which occurs in the midway between joining and trading.

The benefit is in selling bitcoin you get a bigger return than what you would get if you were to sell at a lower price. Now why would bagholders try to raise the price on their own? For their own gains obviously and therefore this is bad for the market - the prices will rise and drop suddenly because of an inorganic orchestration.

On the other hand, spreading awareness about crypto and making your close friends learn about it when they become interested in it gives a slow but organic growth to the price which will be sustained.

So I dont think a single thread about why people are doing to raise the price will do its job, it is a continuous long drawn process.

If governments want to regulate the flow of crypto they will force KYC on exchange users. The exchanges have to follow because they are under the control of the government.

I dont see this as something bad - the ones who should be scared by this are the ones laundering money and those are trying to evade taxation through use of crypto. This can cut down the number of stolen coins getting sold on exchanges and help law enforcement catch the scammers too. That is a good thing for the crypto economy and the users who made mistakes in their use of crypto.

To be honest, the number of scam project putting down the name of crypto is way more than the positive attention that bitcoin generates. Hence this is something we need in future.

Online places not accepting bitcoin is a big hurdle to the overall acceptance of bitcoin. In this world where buying and selling is more digital than physical bitcoin not being a streamlined option for them becomes a problem for bitcoin users who wish to spend their earnings to buy stuff they need to.

While I dont agree with all that the OP says, I would defenitely want that in future bigger e-commerce sites start accepting bitcoin as a mode of payment, some have already done this but they are niche websites not mainstream ones.

But this has less implications on the bear market, which is currently in the recovering phase in my opinion. Bigger acceptance would mean a steady price rise as well.

I completely agree, people should learn how bitcoin works and what advantages it has over other fiat and how altcoins have never been something worth investing in for the long term. Most newbies make mistakes in setting up a wallet or give their private keys to some scammer on the internet claiming something out-worldly.

Then there are those who want quick returns and like the OP has been wishing to pay back bills and that being the reason to join crypto trading means that they have a deadline on their head. When this happens, patience leaves the scene and the trader is forced to buy shitcoin trying to pay off their bill from the profit - which never happens and the vicious cycle continues.

Bagholders vary as per their need. Most whales vary with their strategies too. While there will be people who make money here and there, the proper strategy should be to go against the whales when time permits. The whales usually manipulate the market to move in one direction when they themselves move in opposite direction.

Newbies fall for the trap of buying at the wrong time. But once you gain the experience you learn how to move your assets.

Trading suits those who can remain calm in a bear market and in a bull market. Trading is not just about making profits but know how to make and when to make profits. If the goal in trading is to profit and not learn the process then it is going to end up as a chore.

What most traders get wrong is that they take up trading as another earning mode which is wrong. A speculative market is good for making side earnings but should not be viewed as a main earning. For this the passive mindset does not matter, what does matter is that you get into the right coin at that right time.

Bitcoin price is trying to edge upwards from now as far as I saw, compared to my last post in this thread - that bear trend did not take off as I was expecting. I assume there is a lot of buying pressure to prevent that from happening. As we go downwards, the buying pressure keeps on increasing and hence the market can bounce back.

While there are chances that we might dip again, the price has touched 22k and upwards of sideways is the only two ways to go for now. If the price dips, we will have to wait before starting to buy again.

True this year has been bad for bitcoin price gradually dropping to lower levels, but there are historical buyers at lower levels, so you can sleep soundly.

Heh you can say that again.

After a few first months of bubbling enthusiasm, the frustration of delayed payments and then eventual ghosting by the teams or learning that the project was a scam - gives the ideal dosage of teaching. Reading this from other people makes little difference unless you are the one experiencing it and hence the best form of experience.

The worst part is realizing that the team used your naivety to generate hype for their scam or shitcoin and then ignored your payments as if you are unpaid laborer.

The market price of bitcoin has been around 20k to 22k for the last few days. This is way stable than what have had previously. Crypto has the nature to move suddenly but that sudden movement is gradually corrected in a stable manner in every past chart. You can see for yourself that the price drop to 19k happened in a short period of time but after that it has been stable at this level for about a month.

If we see the year long charts, bitcoin remains stable at a 15% volatility range and calling this a roller coaster is an exaggeration. A lot of factors come into play here, but you can always take advantage of the price.

I will be honest, you cant expect to start trading a newbie without any prior trading experience in stocks or commodities and then hope to be able to cash out with a decent stash of money in order to pay bills. This is the type of unrealistic expectation that most people come in with and that eagerness to make quick money lands them up in the wrong place.

Above users did some good searching for you, so use those articles to gain knowledge on trading but do not try open handed trading right away, you will make the mistake of buying at the wrong price. Try dummy trading for at least six months before starting real life trading.

In the meantime try to get a side earning to pay off your bills. Dont try to use a speculative market earning for that. You never know how bad things can get here.

Take a look at the different trading platforms commonly used by citizens of your country, you can find them in the local board of your language. That way you will know which one is the majority in your local and use that more often. Withdrawal problems and all become more easier to cope with when you know your fellow countrymen might also be suffering from the same and it usually works out nicely. Besides, dont cheap out on fees, most of the well known exchanges have some fees which are reasonable enough, unless you are doing dust level transactions.

Stable, yes the fees do remain fixed for most. Reasonable, that is a personal question, to me an exchange is doing a service, so they can fix a fee for that, but I will prefer ease of use and quick customer support and solution than being fussy over a couple of satoshis in fees.

You might be confusing spot trading with margin trading or betting on options. These later two are similar to gambling is all aspects but spot trading is not so. Spot is where you need to do your homework on the  project that you are investing in and how it has performed over the last few years or months and then only you can place orders to buy or sell. This means that you will need to spend time and brain cells on it and it will not give you an instant pleasure, but pain.

The other types of trading are all based on higher risk than spot. They are easy to place, give instant outcomes and are likened to gambling.

Therefore some types of trading are similar to gambling, not all.

Also the term should be used carefully, the market was stagnant between two levels for the past few weeks and defenitely the opposite of a roller-coaster, just that today the price has crossed that level and started going upwards. These type of mistakes may be minute from the OP's point of view, but is the revealing of over-expectation from bitcoin's trading prices from many users in the world.

Whatever be the reason behind the older high-low price movements, the pattern is important and how to profit from it. Markets moving a lot means a lot of chances of profit making by buying at the low and selling at the high, but not by drooling or sulking over the price.