I had invested in this project in the previous bull run but exited after a short-term profit.
Right now I think the big players who were supporting this project ( like Almeda research ) are now supporting other layer 1 projects. Like aptos and sui. Many developers are currently giving priority to these two layer 1 blockchains instead of solana. Hence I think it's time to consider other altcoins
I am not entirely sure if that means it will go higher though. I mean I get that there could be some investors, and even whales who are taking interest in these things but that doesn't mean that it will be going up the way you think it will. Maybe it will go up, but not as much as Solana for example? I do not like solana to be fair, I hope that one doesn't do so well, but like I said there are other coins which may have a better way of going up and that’s why I wouldn't put my trust on these just yet. Just because there are some whales promoting a coin doesn't make that coin any more likely to go up and stay there, there is a good possibility that it may never go up. |
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Surviving in a bear market does not mean that the coin will recover and grow in the future. There will be a lot of coins that will survive this bear season but how much will recover, that is the question we need to know if we invest now. For me, apart from bitcoin and ethereum, investing in any project from now on is very risky, the return is not high but the risk is high.
About the metaverse, many say its hype is over but there are also many who believe it is just getting started and could be the next trend. These are all speculations, so it is impossible to say that the projects you mentioned will be profitable, let alone x100 here.
I always add BNB to it, and I do have 10% saved aside for all the rest, but 90% goes to btc,eth,bnb trio for me as well. Because, like you said there will be plenty of coins that will "recover" and not go up as much as the others. I always give XRP example for this, in 2020 to 2021 bull period XRP went up, just like everything else went up, but while almost all other coins broke over their 2018 high and reached a new all time high, which was nearly x5 more than what their previous ATH was, XRP failed to do that and the ATH still stays as the 2018 one. That means even though XRP went up, it didn't go up as much as other ones. So, these top three ones will go up, and we can be sure of that. |
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Is it possible that all those crypto influencers we know and hear stuffs about could face market manipulation charges under new regulation law that's coming? ...
Is there popular word ' Not a Financial Advice' not enough to safe them from what's coming?
Since they warned people about doing their own research too, isn't this enough to break them free?
I hope it doesn't. Getting paid by tokens and then promoting them using your follower base was always a horrible method. Kim Kardashian actually got fined for that, but not because of doing it, but because not sharing she got paid to do it. I believe that it should not be allowed to begin with let alone not saying you got paid only. These people gets paid a ton of money, and then people who trust these people end up buying some shitcoin and lose all their money, the project creators who paid the influencers make their money back from the investors, in this math the only losers are the investors. This is why I do not think that it would be fair to let influencers and celebs keep promoting projects. |
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The controversy of Pakistan hosting the Asia Cup 2023 continued as India said it won't be participating in the tournament. Jay Shah clearly mentioned it was the government to give permission whether India needs to visit Pakistan or not. It is better to have a neutral venue. In this situation in a rally former Pakistan Prime Minister and cricketer got injured on gun firing. Once again India could indicate this incident which shouldn't have happened now.
In current circumstances and presence of peoples which are currently in government of India most chances this event Asia Cup is going to be ended or if they agreed then surely we have some hope for better future as all stakeholders take decision that Asia Cup will never be held in India and Pakistan and others can organize as now we have few good grounds in the UAE, Bangladesh and Sri Lanka which is good for the game and development of cricket in this region. Pakistan and India are never going to live peacefully in near future which is not good for this region, but we have to accept this fact and looks into future because both are important countries and can play good role for the development of this game even now India is having the highest stake in last 15 years, but they are still not doing good for the game. |
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At present we get the ease of borrowing, even online loan applications are currently hundreds who are active, there are consumers who have up to 30 online loans and fail to pay so that the debt increases significantly because the interest from online loans is very high even some can reach 100% If 2 months do not pay.
I have to say it would be idiotic to get loans like that, it doesn't make sense considering the return is probably not that better. It's better if you can get a loan from a bank, which would have much much lower interest. That way you could cover all of your debt, but if you are getting as much as 100% return then I am sorry but that’s terrible. Even something like 10% per month would be way too huge, you shouldn't accept those terms, even if you are in terrible situation just let the bank seize all you have instead of agree to pay that because you will fail to do it anyway. It’s better to just focus on how you could pay it back with earning more, instead of spending less and you will have an open door. |
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If we guess that we can expect next market preparation after next halving ,. Hence , we have exactly 1 year and 5 months.
Although estimates are not always accurate, I agree with what you say. I also expect the market to bounce back in 2024, or a year and a half from now. But will the Bitcoin market surpass ATH? I'm sure, Bitcoin will surpass ATH. And make a new record in the bullrun in the future. But the topic talks about Bearish market that may happen in the coming days, I also agreed that we may see another ATH breaking in the coming years , or at least after the Halving . There is no doubt in most people’s minds that we are going to see another ATH, that’s how bitcoin works, we do not just reach a high level never to reach that again, we reach a new high level just so we could break it later on. These resets and the price crashes are a bit about the world economy as well, right now the world is not doing that well and the economy sucks. When the world economy is in shambles that means there are not that many people who could invest, people do not have money to invest because they are barely surviving, each month is harder and harder, which means that there is a good possibility we will not be able to see the price going up at this moment, but whenever that’s fixed, we will go up again. |
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This question comes, Do btc network can move to POW to POS?
I am just asking and there is a issue that electricity bill too. Energy problem is most hottest topic all now. so lets discuss this
It actually can, many people are against it so they are saying it can't, but it actually can move there. How would that work? Well, first of all we have way too much transactions in bitcoin, more than anything else, only rivalled by ETH on a good day, which means we need to figure out a way where POS would make sure that all of those transactions are covered in a timely manner, secondly we need to make sure security is tight, the whole point of miners are to make it double check and make sure it’s all good and there is no double spending or any other risky things going on, and lastly we need to make sure that everyone agrees to move to this new one, just like how we moved from legacy to segwit, that would be the key here. |
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Your proposal is what POS offers, BTC already rewarding miners and that is strong enough economic value. The best way to benefit from bitcoin and accumulate more if you're not a miner, is to buy low and sell high and repeat same with the hope you won't get caught by the market.
That’s the point, the price could drop in any investment, it is up to you to profit from it or be upset about it. If you are simply just upset because the price dropped, then you are going to do nothing and you are not going to benefit from it, crying over the price and deflation (which is none if you ask me) is not going to solve any of your problems and would just be empty whining. However, if you buy more when the price drops that means you are going to end up with some profit and that is the way you could get out of this with less harm done to you and more profit chances when the time comes. That’s the only beneficial method during any of the bear markets that we have faced so far. |
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Is there any standard way for incorporating these into risk assessment? I've looked but haven't found anything.
If you are doing with more than 50% for your rewards side then I guess you are good to go with all your strategies. Yeah, I mean you may or may not find a prescribed methodology for risk management for cryptocurency trading but until all your current strategies that are getting you consistent profits in both short and long run, you may not waste your time on adopting a new set of risk management principles. do not cause your winnings a setback by trying to get an assumed result through backtesting
Yeah, I would never prefer to disturb my on-going profitable strategy but at the same time for back up purposes, I would find time to have other new strategies which might be the case of OP. I mean, OP is already profitable and may look for new things for ensuring being future-proof. |
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I think the use of stop lose is optional, the only people I always recommend to use stop lose frequently are the newbies that are just starting to trade, I believe that will help them cut their lose incase trade goes against them. I can't really remember the last time I used stop loss in a trade, I just make sure I don my analysis well then I enter a trade. Mostly whenever I enter a trade and I use stop loss, immediately my stop loss have been hit, then the coin will bounce back that's why I don't really use it again, I always make sure I monitor my trade myself and I always know when to leave a trade. But I know some people that can't trade without stop loss and I don't think it's a bad idea, we all have different pattern of trading and I always advice people to have their own pattern and don't copy what others are doing, learn to do what works for you.
I agree that stop loss is optional depending on what you are looking for in a trade. I mean normally I wouldn't really trade like that and hope that it would be profitable right away or get out quickly if not. I would either profit, or I would hold it long term, doesn't matter how much it falls because I do not invest into things that I wouldn't hold for at least 10 years, if they are gone then they are gone and I write them off, if they are just low because of bear market then they will recover in the future. So, stop loss is not something that I care about, but I understand why newbies should use it because it would actually help them protect their investment. |
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There is no other effective strategy other than holding and/or DCA (dollar-cost averaging) for me when it comes to Bitcoin and Ethereum. Day trading would be another strategy, but that's not my forte as I am a long term thinker and not skilled in technical analysis or so.
My mistake back then was losing hope early on Bitcoin before the big bull run in 2020. I could have made a lot to be honest during that time, but it was stupid for me to let it all go. But ever since I came back and started DCA'ing on Bitcoin, there's no looking back now as long I have extra "not beer" money.
That was the problem for many people, since it didn't look like it was doing anything special, we all believed that it would be gone but in reality, there was a recovery coming around if we waited a bit more. I was lucky enough that I started accumulating before the bull run, and that gave me such a good chance in life to reset everything back to normal. Of course, with this crisis again things are looking bad, the debts are growing, humanity is in trouble of its creation all over again but that doesn't mean that we can't make any profit. Just focus on the future when things will be alright again and make your investments accordingly and you should be fine. |
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in fact, NFTs are the crossroads between art and altcoins, their markets are similar to those of crypto but it is much more difficult to make money with this type of buying and selling, is a niche market for collectors
Well it's a tokenized art, There are both inside the crypto space. I believe that their market is not the same given that NFTS don't have a pair for it to be able to sell and there are specific type of buyers in the market. I just don't agree that it is difficult to make money from buying and selling of NFTs. During the bull market, I have a friend who make a fortune just by buying and selling NFTs before and compared to me who is trading crypto tokens, He make way more at that time. Everything is driven by supply and demand, Both need demand. So if your asset doesn't have any demand, You shouldn't hope that you can sell at profit whether it's a crypto token or NFT. During the bull market you could make money from buying and selling many things and NFT is not unique in that regard, but looking at the bear market they are not really as good as they used to be, just like everything else. NFT is just an idea and right now people are filled with ideas and they do not want to invest into them, they want to invest into something that has utility. It means it doesn't matter if it’s a coin or a token or an nft, as long as it has a utility that people are willing to spend money on then it would make sense, otherwise it’s not going to make sense too much to anyone and nobody will invest into it since it would not have any use case at all and no reason to buy. |
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I have to say there are not a lot of people who became rich by just investing. Sure, Warren Buffet is a good example, but when you look at the top, you see that building something is a better way of getting richer, instead of just investing.
If you want a regular amount of "wealth", like what would be enough for you to live without ever needing money, depending on where you live it could be 100k to 1 million. In that situation you could invest and hope to reach that level, but even that would be quicker if you had a successful business instead. This is why it's smarter to just focus on what you could build with the money you save and invest, instead of keep doing that.
That is mainly because you are looking at the very top, and at the very top people can't be that rich if the thing they invest into is not even higher. If you invest and buy 10% of amazon, that means %90 of amazon is still not yours, and for you to be rich then you would have to buy 10% of 10 other companies like that to equal amazon. However, none of us here should aim at levels of Jeff Bezos or Elon musk. It's enough to have 100k or so, that's more than enough and would change our world, that's a lot of money in anywhere of the world. That's why always focus on making money at the low end, and then you would be able to change your entire life. |
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I heard those rumors from China, and also about stopping paying for oil in dollars to pay in that supposed new Chinese currency, which could well be the CBDC. Searching the internet I see this: Russia, China may be preparing new gold-backed currency, but expert assures US dollar 'safest' currency todayWhatever the expert says, as he will probably be biased, I will not comment on it. One of the things I find interesting about gold is that it is very convenient for storing and transporting medium quantities. Bitcoin can be used for both medium and very large amounts. There is nothing better to transfer $1B quickly from NY to Warsaw for example. But having a few thousand $ in gold or even tens of thousands does not occupy, does not weigh much and you can carry it in a suitcase. It is spending that brings the biggest difference between gold and crypto. That is why crypto is gold+fiat fused together at the same time. You invest into it for the long term to make money just like gold, but you spend it like fiat and buy anything from anyone all around the world at the same time like you are using fiat with paypal. That’s the greatest thing about crypto, plus it is decentralize which means there is no government at the top of it, and there is no company like paypal to tell you anything neither, you are free to use it however you want. Basically, it’s the best of all worlds when it comes to it. Gold is fine and dandy, but not enough, you can't spend it that easily, it’s very hard. |
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The idea of having that notion of 1 btc = 1 btc is because about of its greater value in the future. The price may plummet at these days and we don't know how low it could go. Remember that this has been said in the past like when it's $3k or less.
And as that notion has been into fruition since 2020 up to last year and even up to this date. The value of it just keeps on going up if looking at its chart and comparing it to the past, what you're saying is all about the inflation and regardless of that, the value of bitcoin will keep ahead from it and will still be useful as ever.
That "it will increase in the price" idea is he same as what I talked about, the purchasing power. Right now, it could be lower in price today compared to last year, and lower in purchasing power as well but dollar valued up because of the interest rate, meaning dollar is not as devalued as last year, and todays 20k is not the same as last year’s 20k, it’s not the same as last year’s 68k neither though which means it dropped, but not as much as people claim it did. That’s why it’s quite important to realize 1 bitcoin will always have a greater value in the long term, and that’s what people invest into, because they believe it will worth something more in the future. |
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Well , I have come to conclusion that next bull run of Bitcoin will be totally different and history won't repeat itself like it did in previous run. Right now , there are a lot of crypto users and crypto holders that really believe BTC will make a bull run in this December and early of 2023 but I'm confident this won't happen until early 2024 or end of 2023 just after the halv will occur. I could also be wrong and totally out of point but so far, my predictions are almost on point and I also believe that November will bring BTC back under 20k$.  End of 2023 definitely makes sense. However, bull run is not something that is only in the after ATH period, if we reach to 40k that is a bull run in my mind as well. I do agree that breaking over ATH could happen late 2023 or even early 2024 but that doesn't mean that we are going to end up with something good before that. I have always suggested that price will go up in 2023, and it will go up good too, at least x2 if you ask me. That’s going to give people a good courage but it won't be just huge in price yet, and that’s going to happen in 2024 when people who see that they have profited already and not crashing anymore will start on investing some more. |
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Great write up OP, just to add on what's in the OP.... Traders need not to always trade each time a chart is opened as doing so will lead to over trading and expose you to unnecessary losses.
Secondly, they say practice makes perfect and its from this we need to back test our strategy so that we become masters of the art of trading.
People think that we have to trade at all times just to have good in trading. It doesn't go like that, you have to gain experience but it doesn't mean that you have to do it at most times. There are many traders that only trade sometimes but if they do, they're mostly at profits because they know what they must do and it's not just a trade that will earn them pennies. I agree but disagree at the same time. You shouldn't trade just for trading’s sake, that would be a wrong move and you will lose money. However, if you are trading because you think that you found a coin that is undervalued and it will go up soon enough, that would be a good situation to be in. I do not believe that we are going to end up with 40k+ soon for example, so there is no need to trade for me. The best thing to do would be long term investment. However, if I ever see a coin that could go up in the next week then I will trade it, buy some and wait for it to jump up. So I agree that do not trade all the time, but trade based on if you think you will profit. |
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Well, what I see is that not all are wanted to risk their money by trading. In fact, trading is not for everyone.
But what I see the reason why some people wanted to trade is that they see that many people are talking great about trading, adds saying huge profits from doing this. It is really a sort of encouraging but guess what, many people become fools with the word "rich". Just like what happened to your friend, he tried Binary trading so that he can make money easily but unfortunately, the result is different at the time using his own money.
True, not everyone wants to do that. Some of them don't even want to know more about crypto trading. The problem is that they don't really want to come along. I once told my friend and they were interested but they didn't want to hold on and right now they stopped. True to what you're saying, they're only interested in the results at first, not the process and the struggle. Even at first I told you how the risks are. But indeed this convinced them of no interest, because they stopped. Unfortunately, if you are not enjoying the journey, you are not going to enjoy the results neither. People who could make a profit from the crypto world are the people who could make a profit from holding things for a long term. The "diamond hands" so to speak are the ones who make money from here. I understand that there are situations where it could crash, and it could crash a lot, like as much as 80%+ sometimes, and if you invested into the wrong crypto then it could go down near zero levels. However, if you invest into bitcoin and hold it long enough then you are going to make a good profit from it for sure, there is no denying of that. |
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UK was not doing so well since the brexit and now that USD is pumping it looks even worse, so it's really important that young innovative people take over the reins.
I hope that Sunak proves to be good for bitcoin because there's a very thin line between regulating something and regulating the shit out of it. On one hand we need some regulation, on the other we're giving people who come from traditional finances freedom to govern our decentralized money.
He just needs to do the way it will benefit people, else no one will support if they adopt Bitcoins. Moreover my only concern is that, how they gonna regulate it which is decentralised in nature? So definitely if the PM goes on a venture to accept and make it legalised, then definitely other high personnels will question him on his decision. This gonna be really great if UK seriously regulates it. This will also boost the price of the coin, as more demand for the coin will be made from the UK. Let’s see what happens next. A decent regulation, with some good crypto exchanges built properly, and growing, with help of the government (not money help, just regulation help) would mean a lot. On top of that if you tax people low, and then promote it with words (like him saying good things about it) would make it more known in the nation as well. I have to say it's definitely not a bad start if they did these, but I am sure that they have more things to consider right now, like lost value of the pound, that's their number one priority right now and they will focus on that. Crypto is never at the top of the list when it comes to politicians, so we won't see anything right away, and by the time they can look into it, elections will come. |
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Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?
I believe that there will undoubtedly be crypto currency exchanges in the world of the future. The question is, what will it look like? I suppose that most likely, some exchanges will cease to exist, while others will change. For example, Binance is already developing in many directions and includes various functions, providing different services to its users. This is already a kind of multi-platform. Perhaps the largest exchanges will become something like this and will expand their areas of activity. In any case, those exchanges that will not adapt to changes in the world and to the demand of their users will simply cease to exist. I have to say that exchanges that are giants like binance, coinbase, crypto.com and so forth will stay the way it is and nothing will happen to them in the future. The trouble is with the ones that are going crazy with just low volume coins and adding hundreds of them to make money. That's why I do not think that it would be something that would be a big deal for many people when those are gone because those low volume coins are bread and butter of some places. There is a good chance that newly made projects which spend money to be listed in these low volume exchanges would be able to actually gone and then how would those new coins get listed? So it will definitely impact crypto a lot. |
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