Man, if you make $1 million USDT in profit you can move your whole family to another country. Or maybe you can try getting a double residency. I don't know exactly how that works, but you should get legal and fiscal advice from a professional once you make that kind of money. You don't want to be playing with (I assume) life changing sums of money.

The financial markets are hardly "explainable". In order to properly describe each market move you would need to know the plans and strategies of most of the market participants which is impossible unless you have a crystal ball or you're a extremely experienced mind reader who can handle the thoughts of millions of people at once.

Some investor might have felt anxious or fearful and dumped all his bags who knows, or Elon Musk might be playing games with Tesla's or his own portfolio and doesn't care about market impact. My point is that you can't know the intentions of people who are selling or buying at any point in time, thus you can't explain dumps or pumps.

IMO the healthy way to think about it is "there were more buyers than sellers" or "there were more sellers than buyers".

There are better ways to protest against the current system. As individuals we seldom have the power to change major things in the society. We mould around the society, not the other way around. Small ripples create a bigger ripple and so on. Do not hodl for the sake of hodling - you will transform yourself in a martyr for nothing. Instead you should hodl Bitcoin if you believe the fundamentals are strong and the future perspectives are bright.

IMO setting time limits for keeping an investment is generally not a good idea.

I think the correct answer would be until you don't have a reason to anymore. This is subjective to each one opinion about Bitcoin and its prospects for the future.

What do HODL'ers actually do? - They are long on Bitcoin price. They think the price will, at some point in time, go higher.

What are the costs of HODLing? - Not being able to participate in other opportunities with the financial power locked up in Bitcoin, but then the question is - do you really want to "lock" your earned money in anything else than BTC? That's another question that each one of us need to answer in their own mind. 

I'm sure that once SOV stakers will have greater incentives, a much bigger percentage of the supply will get locked up, thus relieving from the selling pressure on the market. So far the only benefits of SOV stakers is the ability to participate in token sales at preferential rates and periods, plus the fees from margin trading on the platform. That's not much taking into consideration that most of the volume on the platform is generated by spot trades/swaps and not margin trades.

Hopefully the Bitocracy will prove itself efficient and better incentives will be created. On the more positive side the platform development is solid and at a pretty fast rates. Looking forward to Babel Fish and Mintlayer origins sales.

Thanks for the reply! I agree with you to a certain extent. Bitcoin is not yet at a point where we can use it as an effective and efficient payment network due to the volatility of price. This is why I see its growth as a two-phase evolution. Until it reaches high levels of liquidity it will act more as an appreciating asset. Once the liquidity has established at higher level prices like (I'm thinking at 6 figures), we might see reduced volatility due to the involvement of banks, market-makers, etc.

If Bitcoin reaches low volatility, its use as a payment method would be more viable for people who are risk-averse. Alternatively, with all the financial engineering that we have today someone can create a decentralized currency that is pegged to dollar, but backed by BTC. If I'm not wrong there is already an incipient solution created by Money On Chain team.

Lightning network solves the waiting and the fee problem. We just need coffee shops to integrate it.

Bitcoin's future is not certain as anything else, but what we know is that it represents a valuable, secure network for making payments worldwide and that it is a scarce resource.
From this known facts we could assume that it is designed to be both a proof-of-value in which people to store their economic credits (money) and a method of transfering those credits.

Bitcoin can become the base layer for virtually unlimited number of applications built upon it. DeFi apps are built on a sidechain of Bitcoin (RSK) as we speak. Some are already generating great waves of interest. I don't think there is a "result" for Bitcoin. I see it more as an ever evolving network. Perhaps you can call them milestones like achieving a certain market cap or on-chain volume, but you can't call them a "result".

This is a major problem. Do not invest based on other people's opinions. I know it is much easier on the soul to put the responsibility on another person, but from my experience this is the worst thing to do. You will not only damage the relationship with your friend, but also not gain any useful experience from your crypto investment endeavours so you can correct any mistakes you make.

The fact that you're asking how to identify good potential is a good step towards independence.

I don't believe there are successful and unsuccessful strategies. There are only successful and unsuccessful traders.
Strategies can be tweaked to work in all kind of market environments. In order to accomplish this a successful trader needs to have experience and a special set of skills like risk and emotions management between many others.

I don't know if it is only about greed here. As far as I can tell you don't have a methodology to enter positions and exit them which is essential for a trader.

If you're buying just because Binance listed Shib - that's certainly not a reliable edge and you can't expect to make a profit just because you are "fast".

If you had come to the point where you have to liquidate an entire bank account to pay for your necessities then you shouldn't be investing. Instead you should be saving first at least to have I'd say 1 year worth of living without working put aside be it under your mattress or in a bank account. Bitcoin is indeed becoming a "safer" asset as time passes and the adoption rate raises, but if I were in your financial situation I'd look to diversify more. Maybe stocks, land or rental properties, Idk what are the prices where you live though. However in my opinion is too early to use Bitcoin as a "bank" for all your money.

My advice is to not be greedy. Think very well if you need that kind of pressure on yourself. If the loan would be bigger than 20% of your total portfolio, if I were you I wouldn't take it at all.
Make sure you have other streams of income that can return the money to your family in case your crypto investments underperform.

Never, never depend on one single source of income. I know that maybe you've heard this countless of times, but it is true and many people forget this.

Meme coins are useless indeed and do not hold intrinsic value, but they might be the way for some people to get rich. That's why people are attracted to them.

We must understand that most of us are not in crypto because of the technology, but because of the returns. However there is a catch to this. Retail investors who are not versed into the investing world get caught in the risk-return fallacy. Many people lose money. Even if you have had some random success, if you do not have a winning methodology to find promising projects that actually have a future you are doomed to lose money in the end. At least in my opinion speculating on meme coins is a gambler's game and should not be the activity of a serious investor.

To be honest BTC is looking very bullish from a technical standpoint on the higher timeframes especially on the monthly. Weekly TF doesn't look bad neither. I guess 30-40% drops are still part of the growing pains of this asset.

I agree that $100k is still in the cards for EoY. 6 months is a long time in the crypto world.

Oil is an important commodity to have, but owning much oil does not equal wealth. There are many factors that contribute to the wealth of a country - have a read on the Wealth of Nations by Adam Smith.

China has cheap labour cost and production capacity that USA cannot match. Europe has its strategic position with a lot of ports and economic routes besides agricultural climate. But saying that USA is wealthy because of its oil sites is just a small part of the story. Middle East has a lot of oil reserves as well and you don't see them "ruling" the world.

Depends how many millions they have. The cryptocurrency market is gaining increasingly higher liquidity. Without a few hundreds millions I don't think someone can generate an impactful move in the markets. Let's remember that Musk is a billionaire and with the help of inflation it's getting easier to get the millionaire status especially in well developed countries.

The Babel Fish discord community is certainly vibing. There are some funny memes there as well. haha
All I can say is that exciting times are ahead of BabelFish, Sovryn and cryptocurrency communities as a whole. Being able to transact with low fees in an aggregate of many stablecoins that is also insured by BTC is simply awesome. I'm sure the sale will be a success.

Looking forward to seeing the Futarchy in action!

It all comes down to what is your time worth. We need money to sustain our lifestyle. That's a known fact and cannot be avoided.
There are some crypto projects that distribute a good amount of their tokens through bounty campaigns for promotional purposes and building a loyal community, but if you are making thousands of dollars a month from other endeavours it is probably not worth your time unless you have other interests in that project.

It is also a function of how well you can filter through the bounties popping out like mushrooms after the rain. 

Humans intrinsically resent change. We like to stay in the comfort zone and conserve our energy. You can imagine that Buffett, at his age, has both his energy levels and cognitive ability seriously impaired. That's a biological fact. I'd bet that researching and understanding a new technology is a challenging chore for a young intellectual guy, not even talking about a 90-year old sir. I'm just saying that his opinion should not matter a lot, no matter his experience and results in the investing world.

So you can assume that most millionaire who hate Bitcoin is because they hate change. Bitcoin has the power to disrupt the economy as we know it. This will force all these millionaires to learn new things. Most of them will likely degrade from the position though.

It has been shown that Bitcoin mining uses like 0.x% of world's energy consumption and much of that is green energy.
We must ask ourselves - is the risk bigger with or without Bitcoin in our world?

- My opinion is that the problems Bitcoin solves are directly or indirectly much more impactful on the global warming. I agree that governments should incentivise and accelerate green energy utilization and off-setting carbon emissions, but that is no reason to "ban" or discredit Bitcoin just because securing the network requires energy. Almost everything today uses electricity and none bring the benefits of the Bitcoin network.