That is something that I have done many many times over now. I usually do not get in with an "end game" in mind and just hold things for as long as I can, try to not get out as long as I can as well. That usually ends with me holding something from bottom to peak to bottom again.

I can't say that it is a great feeling, it is a very sad feeling but at the end of the day I also made a lot of money thanks to it as well. I can't say it is a bad strategy for me, it is not a great one but it is not a bad one neither. This is the method I made most of my profit so I know that I am doing something good, but almost all of that came from the top three coins, rest did go up and down and I should have sold at the peak.

There are debit cards which are printed by some weird companies that you could fill with crypto, that could be one of the reasons why credit card is safer. Nobody really thinks that same bank offering same card but different purposes could be any different in security, if X bank gives you credit card and debit card, there are now some that literally does it with same card so you could either choose to pay with credit or debit with the same card.

This is why I believe that the person you replied to probably talked about different debit cards, there are so many like I could literally get 100 bucks filled debit card, use it, and then throw it away, it is purely digital and it really works but is it secure? Not as much as a credit card issued by banks.

The difference is that not all staking is like that. For example BNB is not a proof of stake currency, neither has a defi directly that pays in BNB neither, not that I am aware, so there are just places that pay you savings account interest for your BNB and that is wildly different. For example if you have UNI or CAKE tokens and you stake with it, that's different versus what BNB is getting.

This is why I believe that you may think BNB investing and BNB staking are similar, but BNB investing and UNI staking are wildly different. Things are not really as close to each other as you might imagine, staking is definitely a lot more riskier than long term investing into things like BTC or ETH, the reason for that is the fact that proof of stake coins has inflation based on staking rewards and if the inflation gets too high then the price of that token will fall.

That 4 year cycle is an old talk and wasn't correct this year. We had a big increase to ATH during April, and then we had a 50%+ crash and then we recovered to a new ATH once again in the same year. This all happened within one year, which means that people are definitely looking into something for themselves as well, it is going to be not so weird to expect it to be 100k somewhere in 2022 as well, which could mean the start could happen during December too.

It is why I believe that bitcoin could always fall like you said, but that doesn't need to happen all the time, it could happen at different periods as well and maybe this isn't one of those times, it was a correction and we will recover and break ATH again, or maybe we won't but there is no guarantee which one of those things will happen. This is why people believe "anything could happen" is more likely than saying this or that will happen.

I do agree with you in the fact that volatility makes it a bit unpredictable, and that is not always a bad thing, sometimes I am quite happy with the fact that we can't really predict what the market will do. There is really nothing that I would rather have in crypto aside from volatility, imagine if we had stability in crypto and how boring it would be.

The fact that we have some huge hypes time to time and everyone gets involved with crypto is actually what makes crypto so pumped at times, and that's caused by volatility. Sure during periods like this when the price falls then I agree that it doesn't make sense for people to join that easily, but when it is skyrocketing then you suddenly see more and more people coming in. This is why volatility is such a great thing in crypto and that unpredictable situation makes it so much more valuable.

I get that there will be a lot of people coming after bitcoin and crypto, but as long as we get it legalized then I do not care about the infighting of a country. That alone itself is not a good enough reason to attack crypto, it is a good reason to attack the president but nothing to do with crypto.

So by logic, if the other side saying "president is using crypto to defraud people" then simply elect someone else or impeach the one you have right now, that way crypto can stay, it will be there forever but the bad person will leave. I do not know if their president is actually doing it or not, all I am saying is that president defrauding using crypto is not a bad thing about crypto, if not for crypto then they could have done it with fiat just like everyone else. Our nations president defrauded the nation for hundreds of billions of dollars, never used crypto at all, same logic.

Well, we both know that most of the times that are people are not really looking at which cryptocurrency is the fastest, that’s what they are least interested in at most. Just look at bitcoin, it’s no where near being on the top list of the fastest cryptocurrency blockchains, but even at that a lot of people are still making use of it for transactions, and it’s widely being used more than any other cryptocurrency in the world.

Most times people would consider security and how reliable a cryptocurrency is before any other thing. If it was a matter of being the fastest blockchain, then there would have been so many others that could have topped the list when they launched.

There is really nothing that makes a coin "strong" for a newbie because they do not know what they are looking at or what they should be looking at. I remember early days when I started, there was really just coins... that's it coins, I did not see too much difference between them. Sure everyone talks about something awesome about theirs, and marketing will always be done like that, but I do not believe that we should be really focusing on what they say their difference to others is, only focus on what they look like they have a difference from our own perspective when we look at it.

We could be objective about it and give a better review because we have absolutely no benefit or loss about it yet, and we are thinking about the difference so it should definitely be a lot more important for us to not pick sides which makes our perspective better than what the project community is saying.

Well, centralized exchanges are still really good. Mostly, all these things are just for security purposes, but sometimes the government are fond of digging in too much. And another reason why a lot of people don’t like centralized exchanges, and giving out information about themselves is because platforms like this can get hacked, and users’ information will be exposed.

As for whether they would give out information about you to government agencies, there’s every possibility that they would. Such information are being gathered for the government, so why wouldn’t they give it out if there should be a request for it? Although this wouldn’t be something that you should be worried about if you are not involved in any kind of shady stuff. But sometimes it’s also good to live a private life, which is why a lot of people would consider a decentralized platform.

Sure there would be other countries that would come up with their own CBDC. Apart from China creating its own digital Yuan, another country that I have heard has created their own CBDC is Nigeria, which is called the E-Naira. As time goes on there might be other countries that would come up with their own as well, and it’s possible that the United States will create their own digital USD.

But, I don’t know if these digital currencies will really go far or not. The good thing about them is that they would help to reduce cost of transactions like you have said and also increase the speed of transactions, which is really good.

Never heard about the Tectum blockchain. I have seen so many blockchains that are said to be the fastest, but none of them are really that popular. Just like one that is called Aleph Zero, it has a TPS of over 40,000 and the structure allows it confirm transactions in about 0.6 seconds. But, it’s not the fastness that matters here.

We have seen that of Bitcoin, Ethereum and a lot of them that are popular today and with a high usage rate, they have a low TPS: Bitcoin has 7 TPS, Ethereum is 25 TPS, and Cardano that has become very popular today has 250 TPS. And like I have said, it is not the fastness of these blockchains that matters, it is the security of the blockchain. Most of them that are fast as not as secure as bitcoin. And Bitcoin is said to be the most secure, so do you think anyone would choose fastness over security? Personally, I don’t think so.

You are right but practically I am not going for stoploss levels for my trading well in advance but only when market is coming down near my stoploss levels then I will exit. This may sound like I am not making use of stoploss feature with care but I am just watching market noncontinuous after opening a position then I guess I am still taking care of my trade with all my sense.

Previously I never opted for going for booking at losses like I will leave off my position so that market will come back to get me some profit before exiting. But, that way I have lost very big money when bear market are more dominating. So, now I guess I am into right track by exiting at stoploss levels even I am not placing such orders before hand.

Yeah, if after trading for a long time and it is not working, it’s good to take a break and make good decision for yourself. It’s either going to be that you quit from it or you can decide to look at skills and strategies and see whether there are areas that needs to be improved for you to get better, but if that’s not working out then it is best for you to just quit, rather than continuing with the trading and keep on losing your money while you’re gaining nothing.

I have seen people who took this risk of persisting even at a time when they are losing, and to be sincere with you, that doesn’t really work, because a lot of them went really broke and they start regretting why they ever did.

If we have bull run even in 2022 then bitcoin in my speculation, we will have bitcoin to be testing more than $200k and not just $80k or $100k levels alone. So, the speculations of $400k levels will be making sense only if we have bull run even in 2022 but we are still struggling to pass through $70k levels since April month hence it seems we may have intensified bull run from after taproot upgrade which is scheduled to happen by December month.

Yeah, buying right now will get them a better buying average prices as bitcoin market started trading below $57k levels. If they have funds still available then in my opinion also buying right now is recommended because I guess market may not fall further from the current levels and we may get back to recovery which may last until we have a new ATH.

This is the reason I never suggest anyone to get into bitcoin for short term benefits. We must buy at dips but only with long term plans. In long term, we may easily get $100k to $180k levels in next 3 to 5 months. It is highly expected we may have bullish trend till second quarter of next year.

We finally dropped under the 60k price and even under 59k as well. This is why I believe that there is a good chance that we could drop even further. I do not think that we may end up with 75k+ price anymore.

Not saying that it will not happen at all or it has no chance at all, all I am just saying is that there is a good chance that we could probably reach to a level where we go towards 70k at the very best. There is just 40 days or so left, and we could only recover what we were, and that is the best possible scenario the more likely outcome is that there could be a crash and it would be okay because we had great increases and we may need a correction after all.

I would say that it is not really reasonable for Amazon to stop working with Visa because there are no alternatives and this means anyone who uses Visa based card will not be able to buy anything from Amazon, or at least in UK. I believe that it is high time that some companies get competition no matter how profitable or how horrible of a business idea it is.

I get that visa and mastercard has some "competition" but mainly they do not, they actually have a ton of small competitors that have zero power. Same with this chip crisis as well, I get that it requires a ton of money and a lot of expertise, but we should not be forced to wait and instead should have competition that could fix all of this. Monopoly was never a good thing and Visa is profiting from being a near monopoly.

I remember the last "mass protest" in china, and we all know how it ended. Tiananmen Square protests resulted with as much as 10k dead by some calculations, however their "official" numbers are 300, it depends if you want to believe to the government telling how many of its people they claim to kill... that alone is just disgusting.

So, I doubt that underpaid or underemployed nation could do absolutely nothing about it at all, they will starve the death like they did back in the day and that's all they could do, literally die because of management and have to accept that fact because otherwise instead of starving to death they will be shot to death. This is why I believe China will not grow as much as people imagine they would, everyone thinks they will become world power but I doubt that they will become anything remotely like that at all.

Those companies will probably not invest into crypto just to get out very quickly. I believe that we are going to have those companies buying and buying and keep holding it for years. Remember these are stock market companies, they buy stocks and hold them for 50 years, there are many companies that hold it for decades and they will probably keep doing that in crypto as well.

This is why I believe that we should follow that approach as well, I am going to try and hold my crypto for years, probably decades and that's how I am going to keep profiting from it. I am not so sure if I am going to be able to, life has unexpected things thrown at us all the time, but that is at least my goal. This is why I believe that these companies will not sell anytime soon, they will hold it at least another 10+ years and that's going to be helping prices as well.

I am sorry everyone will be afraid of losing money if the project will be going down; no one could be an exception here. When we are investing money into to new coins and tokens only for the reason of multiplying it and definitely not for losing it. Honestly I am not ready to risk with new projects because I am not ready to believe in promises but I am believing only into performances.

It means I am ready to invest only with long running projects because I am able to track their performance so that I will be in assurance that my money will not be lost in most of the cases. Moreover in my opinion, investing with new project definitely a gambling and basically I am always negative about gambling.