Day trading is a bit riaky i think but if you are going with the spot for this time that can be non risky but still you need to understand that for now market is like Confused 😕 so this is how market moves and for 1 day i am sure you are not able to make good profit except for good luck ahhh Future Trade is another thing but its Highly Non Recommend.
There are no proper words to describe this situation. If we do spot trading, it may be safe but also at risk of surviving long enough to withstand losses if the market does not improve. While futures trading is very promising but if you do not understand technical analysts it can be a boomerang that is detrimental to you. Leverage trading means you need to be good at that moment, not later on, not a week later, not a month later, you need to profit at that exact moment to make money. If it goes down even 1%, that means all of your money could be gone, but if it goes up 1%, then you will make a lot more than that, maybe double your investment. This is why it’s so important, and why it matters so much. I personally do not care about the situation at that moment, that’s why I stay away from it. Personally spot trading is a lot better, it’s a lot lower returns, and it’s a lot less risk. If I am wrong, I could DCA my way out of that investment most of the time, and that feeling of security is something I need. |
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In cryptcourrencies is difficult to guess, maybe now there are projects that we think are small but after a few years become big, this makes us have to always be realistic that anything can happen, if we focus on profit then choose coins that have great potential to skyrocket.
the thing that matters is the development shown by the project itself I guess since even popular coin could lose their standing if they didn't meet their promise, just like how luna failed in taking care of their ust that make them gets abandoned and with a series of foolish decision in trying making a recover for their platform instead it goes even lower. When you go low once, there is really no recovering from that after a while. I do not remember any coin that went more than 50% lower compared to everyone else (like when everyone goes 50%lower but this goes down 75% type of deal) and it would be definitely near impossible for it to recover its position. Definitely not something that has gone down more than 99.99% because that turned millions of dollars into pennies and there is no recovery from that ever again, it requires way too much money to be invested again in order to at least recover others money, and the ones who do end up selling and that requires even more buying, and there is not that level of buying for a project that already failed. |
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GM Crypto fam. I recently came across this story on Twitter and was curious to hear your thoughts.
Since the merge was successful, ETH has decreased by 17% while BTC has decreased by 2.3%. Even if this occurred during a bumpy bear market, the results still go against original expectations.
What do you think about this? Is the hype actually over, or is the bear market simply acting up?
That is the nature of hype, hype cannot be sustained for a long time and eventually it dies down, in order for the hype to continue then you need something to back it up, and after the merge the price of ethereum did absolutely nothing to justify that hype, so it is natural that investors observed this behavior and decided to move on and cut their losses as soon as they could, so I think it is safe to say that the hype for ethereum is over for the time being and those looking for a quick profit need to find another coin in which they can concentrate their efforts. It's a cycle that feeds each other. Hype of ETH post merge situation did not happen, it wasn't really something that people cared about, which means if there was no hype, there was no price increase, and if there was no price increase then there was no hype. It feeds off each other, and that means we are going to end up with something that would cause a lot of trouble in the long run. Doesn't mean that it will stay that way, eventually ETH price will go up too, but that won't be anytime soon neither, it is going to be something that will take a long time. I personally wish to see the current situation change, but I am willing to wait years for that to happen. |
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bots work according to the orders that make them while the market doesn't seem to be controlled by anyone, so bots will only work at certain times and we must be able to master it. Of course, we cannot depend entirely on bots, the best thing is to learn the manual even though it requires a long process until in the end we can trade at any time with our own strength. Moreover, many bot sales are actually misused using the pyramid system, and members of the bottom are the victims
No matter how a trader is good, there are times of losses, but if a trader learn how to strategize in a way the time of losses are just unrealized losses in a way the market would correct itself and they will make profit, a good result would be achieved. But what I noticed is that newbie traders only want to focus not on this, but on bots, signals and copy trading. That is why newbie traders keep on losing because they are mostly after looking for ways to gain and not how to mimize their loss. As for me, trading bots are not advisable. I trade manually and if I am exhausted, i will not trade. Trading bots take away that emotion, that's why they are considered "good". In reality any veteran and good trader would profit a lot more than a trading bot could, but for a newbie this is basically a method where they could leave their emotions out the door, give the bot a good trading strategy, and just let it work as long as it could. If the newbie is too bad, then they will end up stopping the bot too quickly and cause a lot of trouble, but at the same time this means that we shouldn't be focusing that much on the profit side of the bot, because it could have bad days, but on the long term prospect of it, that's a better approach to understanding them. |
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The experience only made you stronger but it doesn't mean you became a master of cryptocurrencies.
What if you are really a pro at it? I think its a waste of time to make a research again when what you can find is the same as what you have learned on the past and asking others a question is like fooling them and yourself but there are people who act like a pro when the truth is that they are still starting on cryptos. This rule mainly applies to them. Bad news can really affect the market and and sometimes it can create panic,
and panic will make us sell our assets at the wrong time,
better learn more about the crypto market and spend as much time as possible on it
News do have a certain effect on this market. If it's a positive news then the effect is also positive but negative news can also have a negative effect. Seeing your investment go down because of it, won't give you panic attacks if you are aware that cryptos can recover from a bad fall and negative news are not permanent but time will come that positive news can come which can aid the cryptos price. |
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How is it possible to calculate how many bitcoins a single person owns?
I think this isn't totally accurate. 90% is just too much and I don't think even the whales themselves can have so much bitcoin. There are still unmined btc left and also many people are hodling their btc tight. They won't let the whales get them no matter how hard they manipulate this market. Price discovery is impossible with the whales controlling 90% of all bitcoins minted. The original intent of bitcoin as a neutral asset disappeared long ago. Those at the top are trying to get more users in to keep it's price (and their investment) stabilized.
Bitcoin kind of reminds me of the push for solar energy to replace engines using fossil fuels. Big marketing push by those who benefit from it's adoption even though it doesn't have the value advertised.
Indeed. It's hard to predict the value of a coin when someone is manipulating it but like some users said on this thread, whales do have some contributions somehow. It's also possible to survive, I mean we can still be able to profit but only those who can panic are newbies that don't take time to do a research. There are environmentalist who are against btc saying it's not friendly to the environment so the use of renewable energy for btc is being pushed. This is a good thing actually. |
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Carry out your personal research or before investing or holding in the community will really help you in this bearish season, because many traders missed it some years ago that made them to learned their lesson never to follow other traders prediction than to use their own strategies. I think, those that will exercise patience with this current market situation will have something massive to achieve in the future, because the bearish season is coming to an end soon to allow the holders to smile again. I believe, many traders will get it right this time because they are fully ready to use their own analysis to get it right.
I think it requires a bit of expertise to do that but it is better to study and learn and be better compared to just not doing it at all or taking information from other people. I am not going to listen to what some influencer who got paid to promote a project says, but if I do not know how to pick a coin at the right time, it's still better not to trade at all and not make any profits at all, instead of checking what those people say. Study, there are a lot of resources available, and after you study and learn then you can start to trade and that way you would be making a good profit eventually all thanks to what you have achieved yourself. This is not a theoretical one but what I learned and practicing in my real life! |
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Trading volume is very important especially if you're a day trader. A high trading volume indicates that there are many traders that are buying and selling that particular crypto thus a lot of movements are happening around that market. Meanwhile, a low volume doesn't necessarily mean that it is not good to trade. You should also consider the market condition at that time because during bear market, even cryptocurrencies like BTC, ETH, or BNB have low volumes compared when it's bull cycle. People lose interest during those times because cryptos are dumping hard from their ATH.
It also allows you to back out a lot easier as well. Something that has low volume means with enough volume someone could destroy it anytime they want, but with something that is a lot lower that means we are not going to end up seeing something that would work out well for these people neither. I mean it's clear that we are going to have hard time with this situation because people who trade high volume stuff would not have the volatility to make a lot of profit neither. So, you have to consider what you are going to do, will you end up with something that is low volatility, or will you do low volume, which one looks like a better deal for you? |
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Indian cricketers are famous all over the world. All the players in group A and B outside the national team that have also the ability to defeat any strong team. The way India performed in the last match, they really played a commendable game for ODI cricket. Especially Shreyas Iyer who was unbeaten on 113 on the other hand Ishan Kishan missed the century by just 7 runs. Due to the performance of both of them, India easily won the match.
There is no doubt right now India is one of the richest country in cricket world, and they have enough resources for giving their best but still they need to have few things which can improve their quality like work on domestic setup and try to bring foreigner players for having spot in other events specially in ODI and three days events which will give them better experience and change of game because right now they are not good enough to have better results away from home with these guys. Too many quality batsmen are in line which is surely a positive development with this now they can think about many other options like if Virat Kohli unable to give his best now they have options which will give them positive results in ODI and specially in mega event like World Cup which is going to play in India in 2023. |
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Ideally there should not be any foreigners in a national team. If there are foreigners, then we can no longer call that team as "national". The ICC just want to show that more countries are playing cricket. They are just trying to fool others, as in 80% of the cases these new teams are comprised of players from India or Pakistan. The ICC claims to have 100 plus countries playing cricket. In reality, the number maybe less than three dozen. All the other teams are completely comprised of foreigners and can't be considered as "national" teams.
Realities are completely different from ICC claims because they are having no fairness and positive things in this sport which is surely going to be the worst thing which is happening around the world under ICC because I was reading on different sports and their rules which are applying mostly needs a player only can represent adopted country if he plays or stay for around 5 to 10 years or in few cases they have few soft stances but still these are not as we have in ICC. First this was controlled by Australia and England, so they were doing all things which were beneficial for them now it's all under control of Indian influence, so they are using this platform for their own benefit which is surely not favourable for cricket we need a powerful board where all have equal rights and can do positive things for the game. |
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When the economic recession starts everything comes to constrict. Because everything in the world is related to money. When you don't have money you won't be interested in buying anything even if you need it. Because the financial crisis will increase. At that time only basic human needs are given highest priority. Actually when you have enough money supply will you consider different investments. In that case, cryptocurrencies will be no different. There all kinds of investors big or small will convert or spend their money. As a result, the market condition will worsen. The market will move towards a long bearish.
Yes you are absolutely right. When I have money, I have a different kind of peace in my mind. When I don't have any money, I am very stressed. When I have money, I like to invest most of the time. And don't invest if you don't have money. But I think if you have money you can get everything. Money is something that was created out of thing air. Back in the day it was gold coins, so it had some worth, and afterwards it was paper but backed by gold, nowadays it's neither, so it’s free to print and has absolutely no worth other than what a nation says it would, or investors does. Which means we are stressing ourselves for something that doesn't even exist in any meaningful level. This is why I like bitcoin, it is backed by the same people who are supporting fiat, if we start to say bitcoin doesn't worth anything, we can do that for fiat too and nothing could stop us, no government neither, it has been done in Zimbabwe or Venezuela before, the whole world could decide a fiat is not worth anything anymore as much as they can say it for bitcoin. |
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Paypal was going down the shithole years ago. Even the fact that they "kinda" adopted Bitcoin won't change their true nature. Unfortunately most of the Paypal customers don't care about there Terms of Service, because: 1.Paypal is simply too user-friendly and convenient, if you are a buyer. 2.The online sellers use Paypal only because millions of buyers use it as well. This company is in the "too big to fail" category despite their transaction fees going up and their service getting worse every year. The Paypal alternatives like Skrill, Zelle, Cashapp and the rest of the payment apps will turn into Paypal clones sooner or later. When you use such payment service and you fund your account, your money becomes their money and you have to abide by the their rules. Otherwise they will simply take away the money that you gave them.  Paypal with the free will chargeback was the reason they ended up getting worse and worse. I understand that it was there to prevent scam, and it makes sense if there is a proof as well. But with the current way it is, there was a good possibility that people would use it for scam instead, they would be able to buy something and then we would be seeing them do a chargeback, and that would result with a horrible loss for the seller. Before chargeback it was scammers posing as sellers, after chargeback it was scammers posing as buyers but it’s still bad. I had so many friends who sold stuff, and got chargeback, and it was harder to recover from there and even caused the bankruptcy of some startups. |
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There is not too much of a point in discussing this because this will never happen, the US can just print money and pay their debts and obligations with freshly printed money, now such a thing will cause massive inflation and a massive lost of trust on the US dollar on the international markets, but if things get to that point the US will do it as they will have no other choice anyway, and in that scenario I expect the price of bitcoin to skyrocket as people desperately try to find a store of value in which they can save their wealth. It is clear that they can't just print as much money as their debts, we are talking about trillions of dollars and that is impossible to handle by just printing. They did something like 4 trillion total within the span of a few years and we saw how horrible the inflation became and how much interest rate FED had to increase. This is why I believe that we shouldn't be really guessing that they will print it. However they are making enough money to pay it back when they have to, and just create a bigger debt for later on while keep growing, that’s not a bad strategy and I believe that it will definitely be something that would work out for them for many decades. |
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It will certainly not end, only new ones will continue to emerge. When we look at the years between 2017 and 2022, we saw 2 bull seasons. A large part of my projects that emerged during the bull season in 2017 went to waste and new ones emerged with the fomo of the bull season between 2021 and 2022. So what I mean is that as of fomo, the vast majority of old shit coins just go to waste and are replaced by new ones.
True, This cycle will never end. I meant we must aware with this cycle that happened since a few years ago. The fact that if new shit tokens will be coming as a replacement for another one who already dead. The scammers will always creating more and more new tokens. Since the protocol was decentralized and there's no way to stop them all. Thinking about the era for shittoken will be going to end as soon as possible is pretty naive. It's caused by the trust was saying the opposite thing. Creating a token takes about 10 minutes, that’s the problem that we have. We are going to see a ton of shit tokens because they are so easy to make, and if you spend a bit of money and find a good angle to create a new token, you could literally make millions of dollars from something shitty and this results with people doing it very easily. I guarantee you that if you have 50k dollars, you could turn any shitty thing into a million dollars profit, and you are telling me that it’s not going to be done by people just because they do not want to hurt others investments? Nobody cares about our money, they care about how much profit they can make. |
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I don't think that the weather conditions play a major role in the fitness of fast bowlers. But it is true that the hot and humid conditions in sub-continent is more suitable for spinners. Anyway, Pakistan has produced some of the most famous pace bowlers in history, so this argument can't be 100% true. Even India has some of the best pace bowlers in the world right now. Australia, which has produced some of the fastest pace bowlers in history such as Brett Lee and Geoff Thompson, is more hot and humid when compared to the sub-continent.
Whether conditions doesn't have anything to do with the bowling speed. Maybe a little of things can change depending on the whether. The speed generation is much connected to the wrist power and the bowling action. Some used to run a very short distance and generate good pace which are much about the wrist action and not the weather. In last two decades now we can say India having few quality pace bowlers which are doing amazing job even they have no enough speed but accuracy and line length is surely giving them good results which is good for them in all conditions as we all know two decades back there was no fast bowling trend in India as mostly players were happy with spin and batting but Kapil and few other youngsters start in these all conditions, and now they are able to have enough firepower which is good and giving best results. Here BCCI needs to praise two persons specially first MRF and secondly Denis Lille this combo done good and now IPL is completely game changer as many are looking for spot and trying with their own way which is also positive development. |
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Bots have been one of the main worries for Elon about Twitter, in fact it was one of the main reasons the deal did not happened immediately as he was not happy about this situation, and if we are honest it is going to be very difficult for him to solve this problem, because as long as there is money to be made scammers will always find a way to circumvent whatever barriers to entry he puts in place and keep operating as usual.
If you could delete every single bot all at once somehow (which is near impossible) then you do not have to worry about all of them restarting again. At the very least you have stopped them being so common at first, and that’s a big deal, and after they are all gone, they can start to accumulate more bot accounts but it will be a slow and gradual increase, it won't be right away. Meaning, let’s assume there are 10 million bot accounts, if we start to see 10k at first, then 50k in a year, then 100k in 2 years, and then 1 million in 3 years, that’s still nowhere close. Maybe it will take as much as 5 years to have the same bot accounts and that makes twitter a better place for 5 years. Instead of just keep growing bigger. |
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So far, the beginning of October is very similar to the beginning of August. Back then bitcoin also started to rise from the first days of the month. I wouldn't count on any serious price recovery this year, but local growth and pumping of altcoins may well happen. There is plenty of fuel for growth in the market, everyone expects a bad scenario and shorts.
There is really no way of knowing what’s going to happen with bitcoin because it's a volatile and unpredictable thing. We could see it finish the month at 30k+, or we could see it finishing under 20k, both of them are equally possible. Nobody could convince me that it is "impossible" for it to break ATH just inside this month, I know it’s hard but technically speaking it is possible and that’s what I believe in bitcoins power. I am not saying that’s what we are going to have, like I said I do not kow what’s going to happen but I know that none of us could ever know what’s going to happen which is why we should be a bit more careful when investing. |
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Bitcoin is cryptocurrency that is a future and that will save us from many things like inflation and other such things and so that many people will use this as payment method not as an investment that is currently running. And also I was thinking that what will be the bottom of Bitcoin till 2025 as many big investors and also other such big furms will buy at this Dio and so that it might just continue it's positions.
instead of asking what would be the bottom in which I think will not help you from anything unless you wanted to lose? why not try to invest when your funds are ready ? and not wait for the bottom that is so hard to learn and get the timing . and as you have said that this is a much important currency of the future so believe on this. Too many people who would rather buy at the bottom miss out prices that are near the bottom prices. That is mainly because they realize that there could be a huge difference by the time it is high, because every dollar you wait for it to drop, is more money in your pocket when it peaks. I understand the logic, but I feel like it is even worse if you miss out, because while waiting for it to bottom, you are going to end up with the price being higher and you will end up with a bad price to buy. This is why you shouldn't wait for even worse prices because they may never come, it is wiser to buy right now and wait for it to go up in the future. |
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However they think, SEC and CFTC "could" work together by finding out some legislation in the middle.
I think it is very possible, they do not have to make it messy about who has control, they can both work together without hassles. Does this gives you feeling that Bitcoin / Crypto market is being dragged into the complicated control by Governments?
The SEC has been functioning mainly to protect Investors from pump and dump schemes and maintain a safe market for investors. As crypto develops further we might see extended functions that they may need to perform for regulatory purposes under the government, and to think of that as possible makes it a bit scary. I do not think that they could both work together in that sense, they have to pick either or each other and can't really make it that much well. This is why I am going to assume that SEC will end up trying to power arm the newly founded CFTC on which of the things they could check because they are just crypto, and which of them SEC will take care because it became a securities. Like just to give an example, bitcoin is a coin and CFTC can take a look at things regarding that, but XRP is clearly a securities, no doubt about that at all and SEC should take care of them. These type of differences will happen, but that's not working together, it's still separate working but separating the coins as well. |
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If it was up to me... I would speed up the manufacturing of electric cars and stop the manipulation and dependency on Oil. These Oil giants has been printing money for years and it is time for them to be disrupted by companies that offer "cleaner" energy. I hope Elon Musk and some of the other pioneers in the electric car industry, can rescue us from these rich and greedy Oil magnates, because they have been controlling our expenses on fuel and gas for too long.  Electric cars are a great deal of help to the world but we need to realize that aviation world is spending way too much that we do not have an alternative for right now and that's a big trouble. I mean there is no "electric plane" yet as far as I know, or maybe if there is any, then I haven't heard about it so it's not common like cars yet. And they use jet fuel, and they spend a ton of them as well each flight, and there are thousands of flights at any given moment. All of this combined means that we can now travel a lot faster thanks to aviation, but we are also spending oil at a rate we can't replace and that's the biggest trouble we need to fix, cars are already getting there, so it will be fixed, let's focus on aviation next. |
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