I appreciate the fact that you realise this mistake and hope to prevent it in future but it is wrong to say that in future there might be shitcoins that go up. Shitcoins will always remain shitcoins no matter what happens to the primary market. There are some exceptions but not worth putting your time and money in. So why waste thinking about those countless projects?

If you would say the same for Bitcoin and other top altcoins I would say that you learnt a lesson and don't repeat it in future.

Only few countries have done this and not the democratic ones as far as I am concerned. Since we have a number of countries out there who have not decided their stance or declared it, you could say that that many number of timew FUD will be created regarding bitcoin. But that does not change the reality that without banning internet and stopping electricity supply you cannot ban bitcoin use.

About weak hands, I dont think they can ever be remove from the bigger picture. They are a part and parcel of the trading ecosystem but they help in moving the market too.

Everyone is looking for profitable coins, you are not the only one here. But there is no need to search because we already know the most profitable one, bitcoin. Thing is that people find bitcoin's price to be too big to digest a single coin and hence they think about putting money on altcoins which have no value.

As soon as you realise this the better for your portfolio. Otherwise you will get fooled every few weeks when a new shitcoin developer comes in with their pitch.

This is a flawed narrative. Trading is not a day job where you make money every month or week. It is a risk-based sepeculative game where you have a chance of losing money as well.

Before crypto was popular, stock trading was already there. Did that solve an unemployment problem? Or did it bring more people to debt because they were taking undue risks in markets beyond their control?

If someone is unemployed they should work on skills and get a job first. Trading should be kept aside for the time being. It's called prioritising.

It would be justified if the ROI from mining would cover the cost of setting up the farm. Most countries don't have cheap electricity and neither do they have a cold climate to remove heat. Moreover the competition between farms that are already established is high and getting skin the game is a tough thing for a newcomer.

Hence the logical thing for an average investor is to start buying Bitcoin at lower price.

Another thing is altcoin mining which is again a rat-race game. if that suits you then go with it, but the lack of guarantee that the coin is going to be anything in long term is there.

I dont agree with not trading on major events.

Your trades only mean a number of buy/sell orders. You place them and watch the action as it unfolds. This patience should be there in every trader. During a major event your extreme buy/sell orders have a chance of getting filled and therefore your fiat<>bitcoin ratio changes in your holding. This is necessary for long term trading. Whenever the market falls you will buy and sell when it rises.

The extreme end orders are safer than the narrow end ones. Like buying at 30k and selling at 50k - pretty safe if you ask me, as compared to buying at 45k and selling at 47k.

It depends on how you define "best" and in what terms. To me any asset is worth holding when it has been time-tested and stress-tested to regain original levels after every bear market and bitcoin is the only coin that has been doing that for years now. Altcoins are also available to everyone but they carry their own risks. If you are interested in one, by all means go for it.

But be careful of not becoming subjective with your statements when trying to fill your portfolio. Most newbies end up in self-dug holes because of this only. They put in money into some hype based coin (not that BNB is one, for now) and try to rise the hype ending up in a sudden drop in price.

Indicators only indicate what the market movement might be, they are only 50% correct, just like a random dice roll is. Indeed high volume movements can move the market in the same direction due to the sudden panic but these things cannot be predicted over indicators.

Hence indicators are mostly used to get a general idea of the market and to assess whether a day trade profit might be possible or not. It is not going to be useful for a long term holding strategy. Hence you will see users commonly day trading with bots that have programmed indicators on them. To be honest, they dont make profits always but they execute the code if programmed properly.

Obviously, everyone is getting the same answer when using an indicator, in other words, day traders are always facing the same problem. Luck becomes a major factor there.

Once you get a hang of how the market moves, you would not be spending too much time watching charts. For example, I am currently on buy order at 30k, does that mean I am watching the market to drop to 30k? Obviously not, because I know it will take time and there will be times where the order will not be reached, so have patience. Trading is a long term game for the patient people not the impulsive ones.

Expecting advise from others where it is the same group of people you are competing with is a tough thing to say. There are some general concepts beyond which you have to make your own decisions and do a lot of paper-trading to be able to judge your own skills.

Like buy when the market falls and sell when the market rises. Most people end up doing the opposite, which is easy to see but only possible to execute when you are watching for a long time and not trading yourself.

Assuming you held it for a year you are no longer a newbie is the first place.

Either way, if it is an altcoin, I would sell and book the profit to buy bitcoin. But assuming you are an altcoin collector since you talk about "growing your wallet", you would likely pay no heed to my words and keep holding it. In which case you will soon confirm your own folly that the coin will go down in future and you would have lost an opportunity to profit.

Seriously speaking, you can grow your profits but it takes time and patience. You cant make money out of thin air but you can buy bitcoin and hold it for long term to sell.

Once someone sees a use of Bitcoin they will definitely try to learn how to use it. Necessity is the thing here, otherwise the inertia to remain ignorant about Bitcoin remains as it is. In most countries bitcoin is something that is already having a negative picture plus there is no use of it among merchants. In other words, the marketing of Bitcoin as a payment system with advantages over fiat is lacking.

Because centralized systems exist Hance bitcoin is facing this problem. This cannot be changed by force because that leads to aversion among common people. But I am hopeful that th situation will chang in future.

Yo those airdrops are better to be labelled as shitdrops on people who are looking for quick gains. We don't see much of airdrops being golddrops do we now? Hence those who are "hunting" airdrops should get this into their heads, quick money in short time is a gimmick to fool people since several years now.

We will still face newbies everyday trying to do this and getting frustrated over shitcoins.

Max profit happens with time and mostly with bitcoin. But it takes patience and knowledge of the market psychology. That is not something anyone can perform without breaking down.

If you are confident with binance what are you actually confident about? Your ability to trade or your ability to make profit? Binance is only a platform. It is not a determinant of proft. Rest is your own skills to make profits, identify market movements and take actions.

The choice of exchange should not be the factor to decide. Use one you are well versed with but give space to more than one exchange too, becuase of pros and cons.

If the thing that is mattering you is listing of new coins and getting them on exchanges quickly then Binance is good. Do talk with your local community and see what they are preferring.

Sad to hear about the situation from another forum member. I hope the war there ends soon. Only those are living there can say how badly it has affected lives of civilians and not others.

I agree that in such situations for those who are living in that country, physical and not digital skills are going to count. I am happy to hear that you are using your work based skills to bring yourself to a different mindset in order to cope up with both the physical and mental stress.

This reminds me of the early days of the pandemic where everything went nuts. Delivery-people and volunteer workers were trying their best to cope up and today things have become better for that disaster and I am hopeful that you will also overcome this.

No trade is an always guarantee but knowing how they trade, they usually start the market movement like an early push and then the small fries bring it further at which point the whales sit back and smile while selling on the small fries.

At times they do lose money. But keep in mind that this "whales" concept is not a single entity but a collective conscience. It shows the market psychology but you cannot pinpoint it to a certain group or institution.

They do most of the times. But many movements are not initiated by whales and it is useless to try to predict that. It is better to place orders on both sides and let them get filled on their own instead of trying to day-trade.

Crypto and gold are not that similar. Both are used as methods of transaction but gold is more for the long term store of value. Gold is tradable anywhere in this world while bitcoin is still facing some restrictions.

Now there are top coins on CMC but these do not necessarily mean they are worth investing in for future. The top 5 should be more focused on. Even then this list changes at times.

Investing in either, of gold or crypto is risky, not just crypto. Still gold has been the choice for a large number of older population. For the time being you can divide your earnings to put into both.

Earning money online seems like a simple and easy thing to do but when you get into it, you will realize the pitfalls. You need some sort of work experience and degrees in IT related work and this will probably not be available on the first go.

Also I dont quite agree that you always have to wait for payday, if that is happening too often it means you are unable to manage your expenditure and savings properly. This needs discipline and at times tough to do, so you should discuss with family members.

In a war situation, I think online jobs and all have dont have any sort of connection, you might get a few more work related offers, but I dont think they are co-related. Dont forget that the well paying jobs dont depend on the temporary conditions of the world, but on your experience too.

You are right, but humans tend to focus on the demerits more often. Hence the growing statement of being resistant to the regulation of bitcoin transactions, although that might curb down much of the scams going on.

Taking shortcuts in trying to make money is one factor, some people are just no well informed and they think crypto is like some magic thing, where you can make money from thin air, added to this old-age and low tech knowledge and you have a perfect victim for scam. We need to make people aware and cunning enough to avoid these scams.

If you see a family member getting interested in crypto, make sure you talk to them in a reassuring manner and teach them the basics about how scams might work.

If it is a long term altcoin project, it will defenitely fail. Being able to get into those which become groundbreaking is like the chance of getting a jackpot on a casino, because most projects are scams or failures anyway.

Bitcoin would not be that, so for long term bitcoin should be preferred. Altcoins are only going to be big in short term and before anyone can sell and cash out, someone would have dumped.

Long term or short term in my opinion matter only for bitcoin, not altcoins if you want to trade in a sane manner. You may get more regular returns from day trading a new altcoin that hits the market, but you have to decide how to want to play it. End of the day, trading is not everything in life.

No investment is safe in a war like situation. Still compared to fiat and precious metals, bitcoin has probably done better. The stock market in my country is catching up on greens and thus the effect of the war was temporary even though it has not ended yet.

While weighed against the long term pros and cons of Bitcoin, there is ample support to the fact that Bitcoin is a good investment compared to other fiat sectors. That is what should be used as a metric, not a temporary change in the world.

Truely the long term effects of the war cannot be predicted today, but whatever happens because bitcoin is decentralised and will be in a position to be traded freely everywhere in future, it will be a better mode of transaction and store of value.