I can say with a degree of certainty that if we have a 100 newbies sign up on the forum, 99 are bounty hunters recycled accounts. That one genuine user who understands how to game the system eventually ends up as a "Newbie in the spotlight" in the forum. But dont let my thought cloud your optimism because some of these "low quality" posters eventually become worthy of their rank and that will lead to merits being awarded to their posts.

There is also a lot of problem in the viewership of posts. Often good posts get buried in the flood of shitposts.

A highly merited post will get merited even more reducing the number of merit received by other well written or well though out posts. Such problems I believe are a design flaw of the system and cannot be corrected or mitigated at this stage.

Dont define yourself by your objective like that. You are a member of this forum. True that you need to change your posting habits if you wish to increase your rank but calling yourself that name would give the frown to many users here.


You joined the forum back in 2020. The five merits on your account till date are a few earned from signing messages and voting for Bitcointalk Community Awards.

Rest of your post history is for joining campaigns - but you did not get accepted in any of those - right?

This shows that you thought merit was something you get for doing specific tasks and never took the initiative to actually learn how the forum works and how to make posts - 2years later.

Participate in the forum discussions, I am sure this has been said in many threads before this but you guys dont care to read those. Try to get involved and gradually you will earn merits, dont chase after them.

Depends on how much you are meaning by well diversified. There can be less than 5 coins here which in case of the top 5 altcoins, is good enough a portfolio, but adding that to 50 coins means you will a weak portfolio. This is different from the stock market where bagging a number of big company stocks means you are increasing your overall profit.

Because majority of altcoins are worthless coins that are going down in the next few years, it does not make sense to add too many to the portfolio. Rather keep a limited number of specific ones and try to focus on bitcoin.

It is just a number of coins/satoshis being held. 1BTC is always 1BTC, the point should be to accumulate more than that. The "whole-number" idea often gives some wrong conclusions among newbies.

But that will not happen easily. Common items that we need in daily life are best bought using fiat. I would like to see them in bitcoin but it will take a lot more groundwork, POS machines and merchant acceptance first.

Similar to lending bitcoin for a project's development. Obviously should be done against a valid collateral or not done at all. Dont expect bitcoin users to hand over large chunks of "Whole number" bitcoin for free, they have serious trust issues - which is normal for them. Such situations are far fetched. First we have to get a bigger acceptance and usage to crypto then will come in the investments and loans on crypto.

Bitcoin is traded by its users all over the globe, all through out the day. It is not an asset controlled by any central authority to regulate its price. Rather the price is kept in motion by its traders. Hence the very thought of such a question shows that your knowledge about bitcoin and how it works is pretty weak.

What you can have is Support/Resistance levels but these are not absolute and these are not permanent. They break and consolidate when the market closes in on them. They are only indicators of certain levels.

If you want, you can create a pump and dump group just another hundred others out on the network. But it solves nothing. Prices will rise and fall - that is what speculative trading is for.

People say they are into the long term game but they then start panicking when they see the short term losses end up being more. I say this is normal and not knowing what one is getting into is the reason why this happens. Studying old charts, one can easily see that the hours of the day and bitcoin price have no relation at all because bitcoin is traded 24hours*7days*365days and not on a stipulated time in a certain country.

Therefore the time to buy is right when the market drops and the weak hands start to sell. Catching that time is the best though not ideally possible everytime. Once the bear market sets in, like the current scenario, one will get ample chances to catch the falling bitcoins.

Bitcoin's intended purpose was to be an alternative to the banking system. A new currency that could be decentralized and censorship-resistant. Just like foreign exchange, the price of such an asset would be speculated on, a by-product of the system.

Now consider the fact that you have
1. the original product - a new currency
2. the by-product - a speculative asset for trading

How many countries immediately made bitcoin or for that matter till date made it legal to transact in completely? At the time when bitcoin was started it was close to nil.

Hence the people who gathered bitcoin as a part of their total assets, never got a place to spend it properly, therefore the by-product become more attractive than the original product. Hence the things became like that and trading became way more popular than actually spending your bitcoins for paying a merchant. This will not change easily and hence the price becomes the thing people talk about so much.

I think the speculation is on a high point instead of actual movements in the market. While speculation leads the market, it is not happening right now. There are times like this where stagnant markets predominate but they gradually change over.

I don't think there has been a huge impact though. Whatever be the effect it will probably be forgotten. Right now we need a trend changer which happens gradually.

As for buying when some celeb is buying - I would say no. Because influence leads to bad choices.

They are two different markets and by essence markets run on similar psychologies. There is similar manipulation happening in both. The difference is only the personal choice to invest in one or the other.

While forex maybe good for someone, crypto may be better for another. It does not mean either one is better than the other but how the trader profits in one.

Analysis ends up being the same TA, but being accustomed to one of these markets gives th edge. So don't just around thes markets but focus on one of them only.

Selling at the wrong time would mean a bad ending. There are times to sell which is when the market is rising and not selling during that time is a loss.

One must understand that in order to sustain trading in this market, they must buy at the low and also sell at the top. Not doing both or skipping one will lead to frustration and stagnancy in the trader's mind which leads to bad incidents.

For newbies entering the market this is important to realize. That the bull and bear cycles are continuous and taking advantage over both is necessary to be the proper trader. There is a lot of FUD and bad speakers in the market, but the reality is that bitcoin always bounces back, it is just a matter of time.

Top 20 is a stretch mate, being conservative on the altcoins is a better way to make money. While it is true that only few of these top 20 will be worth something in the long run, I find it simpler to put all the money in Bitcoin or maximum the top 5 altcoins.

Obviously holding a single altcoin is never recommended. Bitcoin should be the basis of your portfolio and then you should expand on that gradually but be strict about altcoins. Because majority of altcoins will go busy in the long run.

To learn about what bitcoin is and how it works before jumping into buying it.  Read the historical charts before placing a first buy orders. This will reduce the number of traders coming in at the wrong price.

A good understanding of how to keep the wallets safe from hackers and scammers is also important for newbies which is a major source of lost coins.

Specific to the bear market this is the time to buy, but observation is also important at the first onset. So maybe dummy trading would be a good thing.

Prices are touching 20k back showing the upward trend, possibly the bear trend is ending gradually but it will take time to overcome the resistance at the 21k USD level. Of course the recovery will be a rule, but the point is to hold through the bear market before wrongly stepping into the direction of panic selling.

Fractional buying is what I suggest to every newbie. No need to go all in and further spending all your allocation on a single prices reduces your flexibility to sell at different points during a cycle.

This is specially a thing when the price is falling and you are buying, you will always end up with some fiat at hand to buy even at the lowest low.

Not sure that makes sense. People can control what they invest in, but they dont have the power to regulate the flow of crypto from the wrong hands.

Governments can do that by making all exchanges follow a strict KYC procedure and tracking the crypto trades being done by specific users. While there will be some loopholes, majority of the scammers will get caught in this net, since the only way to get fiat out of that crypto would be via an exchange. OTC markets are more risky and they will see a boom if this type of regulation does happen.

Of course the currencies are decentralized but that does not mean they cannot be overwatched.

Long term holding is a faith-based game. If you have confidence in the team and have proper faith in their approach then by all means do invest in it. But this may not be the case for most investors who have joined with lack of background research, suggestions from other friends and social media spam. Majority of the coins launched in the last 3years have been hyped coins with no proper use case or intrinsic market making.

Therefore the long term value of such coins is virtually null without any profit. They will end up being a burden in your bag which one can never relieve off.

I am not sure if this makes sense, but whales are nothing in real but made up words by the trading community. Hence dont tag every movement to a "whale" but traders in general and in unison the market psychology.

While it is true that the market is showing movements I would not say "roller coaster" as the term for it. Prices seem to oscillate between the 19k to 20k USD marks. This is the sign of a impending bull trend or a bear trend to start as soon as the support or resistance level falls.

Not specific to a coin, but in general there is money to be made, but probably not at this point. This is rather a point to wait and watch.

As a trader, one should not listen to what people have to say to influence their decisions specially if they are celebs and have a big influence on the common people who are dumb enough to follow them like they are some supernatural being.

If bitcoin does go up after getting this news traders should sell and book the profit. Of it does not go up just wait it out.

Nobody can predict but only speculate th future. Don't put your money into other people's words.

Stocks have the advantage of being regulated but the chance of making huge profits in short time is low. Again crypto may see huge returns making it a wild west of the current era but is not regulated. There can be a mix and match of both. For some who has experience in stocks, crypto becomes easier to approach and making decisions here is easier for them.

Overall the winner is the one who keeps a cool head during the long range movements. Knowing that every rise is a chance to profits in the books and every drop is a chance to increase your stash does not come in the thought of every trader. This is important.

The long charts of Bitcoin reveal it's movements clearly that it has the tendency to go up and down in long periods. Therefore patience is the key here. Sudden drops are common but keeping patience throughout the cycle helps every trader.

While profits will happen, losses may happen too. It is important that you learn from the mistake and try not to repeat that. Sideways is the time to check your methods again while holding back on trading. Profits will happen when prices go back up again.

Try keeping a positive approach whenever prices drop, that is the time to buy. Don't sell during the bear markets, but this is easier said than done for most traders.

Well you made a profit in 2021 - so props to you for that since many users here did not sell and lost the opportunity, something you should consider as an achievement.

It is not that people dont trust an altcoin, some people dont but that point should be in making profit and getting out in a green streak. Ethereum is not the first go coin for users in a bitcoin forum but there will always be people rooting for the coin that is 2nd to bitcoin.

The coin I trust the most is Bitcoin. But keeping your choice open in the crypto world usually leads to more losses - so I restrict myself to the top 5 altcoins only.