But I am not seeing those external stops are good thing in long run. Because, at any time in future you will get a superfast internet connection and your small valued crypto may turn tomorrow somehow big enough to support you to gamble all day. I mean self control is something you must develop on your own.

Otherwise, we may get into gambling with no limits which will again ruin all your plans and saving. Now itself plan for short gambling which is only thing able to be sustaining with you forever.

I know very little games left for the season but I still think we are not at that "one game decides all" point just yet. We have seen so many times that one game could change so much, yet then everything changed back. Look at Real Madrdi versus Barcelona game, when Real won I and many other people said that they had a huge chance to win the league that way, then what happened? Now they are tied with points so it wasn't as important.

I think we are getting to those weeks, but this week is not that week, I believe we could potentially have a situation where one of the top three could lose, but then recover and win rest of the games while the other two still loses points after this week. Not saying that is how it will happen, all I am saying is that there is a chance that could happen and this week will not be the decisive one just yet.

I honestly do not believe that bunch of strangers online could get together and agree on something. The main feeling of internet is that many people get together and even if we get together as 100 people, there will be at least one that will go against what everyone else says even if only to get more attention and few of those 99 people will try to persuade why they are right and that one person is wrong but 90+ of those people will just ignore and that is when the troll will get a lot more dangerous and start talking about how he is right.

This is why we should not try to get together and build something, instead anyone who wants to should go ahead and build something and share it with the world and ask what is wrong with it, if there is anything wrong with it then they will just fix that which would be a better way to do it if you ask me.

This is the correct answer. We are talking about people losing billions of dollars to just one person. I can't know if that woman ended up with every single dollar of that scam, maybe she took just a part of it or maybe she took it all, what % of the money stolen was in her account I have no idea but that is not important neither. The reality is that she created a "project" that collected so much money and then took some of that and left and everyone was left scammed.

There was even discussions about her being tied to Russian mob as well because she must have been protected like hell if she could take that much money and run away, you can't do that as a regular person, you have to do that as a person who is connected with someone, a politician or a mob or something that has to help you. This was a shitcoin beyond all shitcoins and really destroyed many people.

I believe only over the course of experience traders will be able to make use of all kind of strategies because I tried to have multiple strategies in the beginning days of trading but none of them were profitable for me and then I switched over to only long term holding and I never tried scalping in my life. I am just afraid of all short term trading strategies.

I am honestly comfortable with my long term holding not just with bitcoin but these days I'm making good profits along with my dogecoin holding as well .

I am seeing a lot of traders are not at all aware of secondary trading plan; they are simply trading only with one plan and when there is something unexpected happening then they are not having any other option rather than being stuck. It is completely not making any sense when our trading plan will be working all the days; we must expect something to happen unexpectedly and then we must have another plan to tackle that situation.

It is kind of having stoploss for our trades because we are not expecting all the time target to be achieved; but we must expect stop loss also could be reached at any time. Same applies to secondary plan as well.

Yes, people here must need to understand how the crypto market is trading among corrections and recovery phases; today we are seeing market is getting back to recent high which must be the enough reason why we should not bother about any short-term correction because market will not continuously rising up so we must give it to time to get power through corrections (corrections are sometimes termed as power gaining phase of market).

When market is not powerful enough to break support or resistance then it will have small correction and then will recover to break that support or resistance.

But, I do not prefer learning lessons for free of cost and definitely not by risking my hard earned capital. I mean free lessons are available everywhere like if we look into this forum then we can find lots of people are sharing their bitter experiences due to lack of knowledge which could be used like what we need to do and what we need to avoid.

Yes, but when we keep improving our technical part along with ever changing market conditions then there are lots of possibilities to enjoy an highly effective strategy. For that, you must need to be a continuous learner so that you can update yourself according to market conditions.

Sorry to hear your losses. If you would have tried in other way to recover your losses then you might have got chances to get back your $1000 along with some profits as well.

I just buy again bitcoins and hold but never go for trading again unless you have learned some skills in between times.

I mean instead of worrying about some losses for long time, I guess we can try to recover through bitcoin investment way. It will definitely take some time but at the same time will give you peace of mind as well like "you lost but you recovered in some way" like that.

Such traders are always part of all markets and those people are finding success regardless of they are actively trading or simply holding because it is up to their level of skills and we cannot have any general opinion here. Moreover everyone is here for making profit so it may sound like being greedy for some people and may not for others.

I must agree that holding is not a simple thing when you are fully depending on the returns of your trading/holding. Managing your holding along with other savings/income could be the only solution here rather than going for loans with the expectation of repaying from the returns of your holding may worsen the situation rather than leading to any solutions.

Yeah, healthy volume across exchanges must be the good thing to have right now. It seems investors and traders are too busy with some of the altcoins which might be the reason why we are having bitcoin markets into stagnant state right now. After recovering from $47k levels toward $58.8k seemed promising to get us another ATH but market somewhat lagged with enough buyers to push forward as it was failed to breach 30days moving average.

Now after consolidating around $53 levels, I guess there could be enough power to break the resistances $59 to $61k levels to open door for $70k which may be possible by end of this week.

You sound real practical but not most other people are. If you notice most of the people are always in rush toward profit making and that is the reason they are all get stuck at some point of time even with the bitcoin markets; either they sell earlier or will fail to catch ATH to book profits. Honestly patience matters.

Right now it seems bitcoin market is looking for some external help in terms of to triggering it. Or else we can assume like most investors are busy in altcoin pumps as we are witnessing dogecoins and ethereum are into extreme bullish mode which might have made investors/traders focus on them rather than getting engaged in bitcoin trading.

I do not think that it is even gradual; there is no possible way that any other coin replace it. I get that bitcoin went down to 45% dominance and I get that it is 54k right now with 7% or so drop, and I can see that ETH had a great period and it increased all the way to 3.3k and beyond, with ETH having 17% or so dominance all by itself. These are all things that make it look like there is a chance that ETH could overtake bitcoin one day, and it looks like there is a possibility.

However remember that bitcoin has 1 trillion dollar marketcap whereas ethereum has less than 400 billion dollars. Which means it needs to go up 2.5x more on top of what it has already gone up, and that will result with the increase, that is not really possible without bitcoin moving at all. I believe it is going to be a lot more challenging then what we have seen so far.

Yes, there are a lot of chances for governments to prohibit stablecoins for any reason. If anything like that happens then we cannot expect those reputed exchanges will keep listing stablecoins as they need to comply with government rules, they will simply delist stablecoins.

I'm not expecting people will go for P2P way of trading for centralized things. Because, if governments prohibit stablecoins then its value may not remain stable which means there will be no more point of trading them even in P2P manner. I am also in favor of decentralized stabelcoins. Hopefully we will get something like that in coming years.

I'm not seeing any good reason to find out next dogecoins as we are not yet done with our existing dogecoins itself. I mean there are a lot of hidden potential of dogecoins yet to come out so in my opinion it is like too early to think about the next dogecoins. Moreover I feel like that it will be an unnecessary search as of now.

Looking for next to dogecoins may be making only when we are done with dogecoins but I'm not saying dogecoins is being stagnant or falling down but it may keep increasing in coming days as well. So, instead of looking for dogecoins, making use of current big rally of dogecoins might lead to big profits for many traders for sure.

Honestly I did not invest a single penny into stocks in last ten years. Yeah, even before I was entering into the crypto space, I have lost all my faith on stocks because of economy rate of my country. After I got into crypto world, I invested all my efforts only into bitcoins and then I went for slight diversification. In recent times, after pandemic, I read how consistently few of stocks are performing even in hard times which made to think about investing into stocks but I simply ignored my second thoughts as I have bitcoins and I do not need to go for anything else. But, I will invest in real-estate and gold for my tradition reasons.

Who told you that I am not European myself? But sure you can talk about how you have been there for 4 years. However one thing is for sure, if I wasn't in Europe, if I was in the other side of the world, Japan, Australia, USA, or any other place, that wouldn't really matter. This is the information age and what you are talking about is information you got, are you from Venezuela? Have you lived there all your life?

Or at least 4 years which according to you is enough to know? If not, then maybe you should not talk about Venezuela neither, but if you want to talk about Venezuela, me, you , some non-EU person or a European person all can talk about it.


Whataboutism is not the case here, you listed some things that makes a nation socialist, I showed you that there are social benefits in every nation, you said every socialist nation is bad, I showed you good ones. As a collective all humanity should realize that it is not about socialism versus capitalism, it is about finding the middle ground, too much of each makes a nation horrible, that's just the fact. A little bit of that, a little bit of this and you get a good nation, if you go all the way to socialism or go all the way to capitalism, both are horrible, deadly even.

I am a socialist. I will never understand why people who live in capitalist societies do not consider that they are in big trouble, I mean I live in a capitalist nation and it looks like much worse than Venezuela.

If you think that the worst nations in the world are socialist ones, you might actually be right, why? Because there are dictatorships there as well, have you ever seen a socialist nation without a dictator? They will never mention the names of that.

Look at Europe, even though they are a democracy, they have all the great socialist ideas, free colleges, free healhtcare, free many things all paid with your taxes, isn't that great? Yes Venezuela is socialist, but so is France, yes Cuba is socialist but so is Norway, why not see them? Look at USA, worlds biggest capitalist nation, people die because they can't afford their insulin, that is the nation you want to be in? I rather not die from something that 1/3 of all people have, that is as insane as it gets and makes USA a third world country in my view.

I guess there is no limit in number of investors bitcoin going to attack and no one could estimate the potential of those investors; it means your speculation about waiting for another year is getting void this way. I mean when we cannot judge anything now itself, new investors may take bitcoin to any level at any time.

I read that there are lots of other institutions are already copying microstaregy but not in great number of bitcoins. Only very few corporate decided to risk more with bitcoin investments and all others are just testing their hand with bitcoins as they are doing it for very first time.

Same here. I tried reading thrice still I could not figure out what OP is seeking.

Still based on my observations here are few things about bitcoin's bullish and bearish trends:
1. Due to halving happens for every 4 years, bitcoin market is also following cycle of 4 years.
2. After halving, bitcoin slowly enters into stronger bull run which may last 12 to 16 months.
3. After a new ATH (usually in December like 2013 and 2017), next 12 months will be bearish trend.
4. After ~70% of fall down, market will enter to sideways which may last for another 12 months.
5. In the times of sideways, another halving will happen and 2nd point will come to effect again.

1st halving was on 2012 and bitcoin got ATH in 2013 December which was $1200.
In 2015 January, it recorded low around $180.

2nd halving was on 2016, bitcoin peaked to $19300 in 2017 (which was 100x from low of previous cycle).

In 2018 December, bitcoin touched low around $3500 hence we may see another 100x growth from that low in 2021 which might be around $350k in 2021 December.

This is my bet. Let's watch.