Yeah but it would also be wise to wait before buying. But I would agree that a possible reversal is starting and 22k USD will be the last bear range for this cycle. I expect an upward movement to start by tomorrow.

Stop-loss should be used as much as possible not only in this stage but every-time the trader places an order. Fundamentals only speak of buying bitcoin and technicals should be used with caution.

I dont think much risk is involved in buying at this price range, unless another big downtrend starts. So you can divide your assets if you have any left for buying and use that to pick up the coins dropped from weak hands.

Well referring to the question in the title, yes there are many probably giving shit as rewards wrapped in some glossy name but actually worthless in value. Some staking coins are there but I do not recommend them to newbies from an experience standpoint. They end up being shitcoins in the future and your initial investment goes down.

Your view being a new trend, then why are you asking for info? You should be the one giving us information. Altcoins giving rewards for holding or so is not a new thing, but majority of them are not worth the time or money. You could make better returns by buying bitcoin or just putting a fixed deposit in a bank - that is even better than any altcoin staking.

Twitter polls and surveys are as good as asking whether to invest in bitcoin or fiat in a forum which is about bitcoin. They are not reliable and neither are they an extrapolation of the general trend in the market but a niche group following a specific influencer/social media celebrity.

What we all know is that ADA has a good community to back it, but that does not stand to what bitcoin and ethereum has already had. My choice duing a bear market does not vary with the name of the currency but what I was already holding for a longer period. Maybe I would be buying more but the base portfolio remains same.

Who said that during a bear market you need to exchange all your assets to something else? Seems BS according to me.

The problem is right there - those who are buying these memecoins have huge expectations deep down and when those get shattered or pulled for long they start becoming agitated and make a mess of their existing investments. Backed by the fact that such users rarely do a problem research on the asset they are investing in, they end up selling at a loss and never looking back at the crypto investment options like bitcoin.

Eventually we lose the young blood from ever buying bitcoin or using it. This in turn leads to reduction in the possible turnover of bitcoin users.

People follow millionaires blindly, which I dont like, but I would not try to interfere. But when it comes to making money, decisions should be backed by logic and critical understanding or economics which most people lack.

Going by that only bitcoin is the one which one can safely invest in.

The panic drives the storm more than what the initial impact did, nothing we can do to stop them. I doubt any of these panic sellers have the idea to read threads on this forum when the market is having rapid movements.

If the price goes below 20k USD I will start buying again, which I had kept on a hold during these jittery movements between 28-30k USD. Even so the 15k USD range is also possible, so keep fiat at hand if you want to take advantage of this. I do expect the next support level to come in at 20k because of the preference to terminal digits and round figures.

The reason whatsoever be behind this, newbies should treat them as just numbers. Buy at the low but be careful during a bear dump because lower than normal prices are possible.

I dont see any problem in that mate. The money you earn is for spending and saving. If your main job is earning enough to sustain both then you would save bitcoin in excess and if that is not happening, still there is nothing bad about it. Never compare your saving with another person, you have no idea what that other person may have had gone through to be a position as today - often a mistake that people do.

Buying bitcoin in parts is defenitely recommended to every newbie out there instead of buying chunks of shitcoin that have no actual long term value. They may seem cheap and easy to get but they are only more showy than profitable.

They are biggest unbitcoined population in this world and they are quickly getting roped into altcoin and shitcoin schemes with their small cap income and ending up either with a token with no value and plain scammed.

It is not our job to educate them. Unless they realize the pros and cons of bitcoin and starts with the impetus of asking around, it becomes difficult to bring them to the bitcoin world.

Whenever you are trying to educate someone, the impetus coming from the teacher does not have a good impact unless the impetus comes from the learner. Still for those who I have come across I have tried to explain what bitcoin is and how it works, mostly teaching them how to avoid scams in the market and how to trade and open a trading account on a local exchange.

Most of these users have been lost to follow-up because they find the concept of "digital" in currency to be bag of shit or bitcoin to be too expensive and continued with the stock market that they already did.

What are you trying to imply? A single project cannot control the market other than bitcoin. That effectively rules out any altcoin.

All the coins out there are non-regulated and none are going to control the market on their own. All the altcoins that you wish to invest in will turn out scam one day, so that way you statement is justified that you should not invest in either of these altcoins.

But it is tough for a newbie and even veterans to understand the backing of a project. From the frontside, it all looks good but a critical economic thought process if necessary to justify investment - which is lacking in most of the users of this forum. If you dont want to go crazy over the outcomes, better to just invest in bitcoin when it drops.

Correctly said, most of the people are at fault for investing in shitcoins and hype based schemes. I see not difference in the generations that came and went, all of them have the inherent risk taking notion and they all have to go in for such quick-rich schemes.

Governments have to make its people aware, so they are trying to do that through regulation in the future but even then if you dont get the wind of why the government is doing this and take it all to be a conspiracy scheme to make you poor then you are one being a brain-dead fool here.

Governments never stopped people from investing in bitcoin so do invest in it and stop investing in every memeshits out there. With the last few years charts it is very well evident that bitcoin will always be big and profitable.

More so since the account will be caught very soon and marked with a red tag which henceforth will become useless to the person owning it at that point.

Besides most of these posts on telegram are done by scammers who dont have any account to sell but only fake promises. They just take your money and run away, but I am sure many newbies here have tried to do the same and got scammed.

I still dont get why there is a lack of honor among the members here, why not try to build your own name and reputation here instead of trying to cheat the system?

Do you know these whales yourself? I can answer that for you that you dont. This is because bulls and whales are only terms created by those observing the market.

If you look into the charts you may not get the complete picture. Often there is a selling vs buying pressure difference that is close to zero and the market remains stagnant but the daily trading volume rises. Only if this balance gets toppled to once side do we see the bull/bear move. This is more like being in the sidelines which the actual wrestling is happening in the ring and therefore is easy to comment but to not know the fact.

A number of reasons are behind the current bear market. Unless there is a resolution of those or starting of new positive news, a bigger move is difficult to start. Just in case you are getting tired of the bearish trend, take a break from the market, it often helps instead of complaining.

Day traders know their game too, they would rather day trade than hold - their daily earning is not huge but enough happening everyday keeps the machine going. While long term traders will make medium chunks of money at a certain interval, so both ends up equating to an extent. Of course it is a matter of choice and practice, but day trading is more risky than long term. Those who have the faith for long term also often day trade because they know bitcoin is here to stay. The ones who dont have the faith and still day trade are going to lose.

5days max is often the goal for many newbies - you will be surprised to know how many are out there doing this. For them a dip is like the end of the world. Not having read charts and previous market movements leads to these types of wrong decisions.

That power is already on the people, nothing more to do here.

The government's words are not the basis here. Once there starts a regulation-unregulation division, the unregulated projects will go underground and still run rampantly taking money from people just like they used to pre-regulation in far future. At such times, the effect of scams will therefore be much more and also those giving huge profits.

So even if the projects get regulated the "Wild West" sort of projects will still remains - because humans love to take risks and this is a prime example.

If one wants to make money, they should just be in bitcoin, why even go into the realms of scams and shitcoins?

I am also not a fan of shorting. But it can be done by those willing to take the risk. A complete risk free building of portfolio is possible and hence shorting should be done carefully knowing the risks and not as a sudden decision. Most of the time it is a sudden decision indeed because it happens during a market crash not on a stagnant or rising market.

Also the notion taking loans for trades and what shorting looks like is a cause of debts and endless cycles of despair. These can be completely avoided but difficult to stop if stuck in.

Hence I never recommend shorting to newbies but only experienced traders. I myself never actually do it.

DeFi and NFT have not done anything new, just repackaged the same shitcoin into a new gift box and offered to the investors. Those who think otherwise are making a fool of themselves. Truly some handful of projects may actually do good but these are very few and most often only a dream.

Hence the future of altcoins remains the same - pump and dump while the creators make money and the investors keep losing money with every gamble of an investment.

The same drama happened all the way from ICO to NFT, clearly nothing has changed with the scammers running them nor the investors getting scammed.

Making one the mentor of themselves takes time and it is a good suggestion. But most newbies actually need someone to just guide them in the process of making a trade and how to use the market movements to their advantage. While internet gurus are mostly shilling their own altcoins there are genuine people who try to help and many of them will be found on this forum.

Misguidance is common here because of free access and non-regulation or review of advices. It is also tough for a newbie to know who is trying to misguide them.

Fellow member, you are a mean dude!

Often the faith in the future of bitcoin is not solid for traders whose entry was in a hurry, trying to catch the sudden profit. During such times they sell at a loss. This is why experience in other speculative markets and dummy trading in the past is needed to prepare a seasoned trader.

Seeing a portfolio in red is a concern. But everyone has their own coping methods. Those who have this are the ones who survive a long drawn bear market. It helps having saving at hand and not having invested more than they could lose. Additional investments in other market which may fortunately be green gives relief too. After all buying more may not always be possible because those liquid funds are also finite.

It may be expensive if you are trying to get a whole number volume of bitcoin. Go for smaller fractions and should be more feasible, specially during heavy bear cycles. Current bear cycle is towards the end as the price is inching upwards, so this is the time to hold or sell in future.

Very difficult to screen from the endless stream of shitcoins getting released everyday. Each new team trying to develop a new project seems promising at the start but as time passes they all end up being the same. Hence from my experience it is better not to fall for that greed and just buy bitcoin at low and sell at high. Of course the top 5 altcoins can be bought, but these should be limited in your portfolio, not the major share.

Crypto will become popular when its users start to realize its pros and cons. What you are trying to do is propaganda and it does not work in the long run. When a person understand that using crypto is easy and safe, then only they will start using ti regularly.

I think the internet has contributed a lot of the growth of crypto for now, beyond this one a more personal level, we bitcoin users should start teaching those who are willing to use crypto about the good and bad and how the vision of Satoshi has been to change the economy. Just dont end up as a tinfoil hat in your neighborhood trying to do this.

Trading bitcoin as always been a sort of debate on the tax issue, many countries are still not clear about it while others ask for exuberant taxes. Altcoin trading should be minimized which seems to draw the young blood away from bitcoin.

I can divide the countries of this world into two groups - one being pro-bitcoin mining and another anti-bitcoin mining.

In that case all the miners from anti-bitcoin mining countries will move to pro-bitcoin mining countries. Very soon this group of countries will start to take advantage of these "foreign miners" by taxing them or putting them under certain monetary restrictions so as to generate some income from them.

Eventually if such bans actually happen this above scenario is how it plays out. Then the second group will understand its own folly and become pro-bitcoin mining too and welcome its outcasts back.

But such events have happened in the past concerning other matter, so I guess the governments will not take such steps without thinking twice. The narrative of "environmental concerns" has been debunked several times with data.