It is a matter of perspective I say. For some people who bought at 60k, this is a bear market, but the ones who bought at 10k it is still a bull market but less than the maximum possible one.

Altcoins though always are in bearish accordingly to me. Not worth putting money in compared to Bitcoins.

But it is true that majority of buying of Bitcoins should be done in bear and not in bull otherwise you get into a net loss condition. Only then you can profit from the long term rise in price.

Going over the first time I heard of bitcoin, I was intrigued but did not find any use for myself and therefore I removed it from my thoughts. But then I found that donating to certain sites was possible anonymously through bitcoin and then I took interest in it. Frankly, the technical aspects of bitcoin are not a part of my current line of work so I keep that to a bare minimum.

But getting put off by these words is a common thing that I also have encountered while trying to discuss the topic of bitcoin with peers and colleagues. It will take a long time, in my opinion to come out from this and make no-coiners to bitcoiners. What I have seen is that those who are already into bitcoin remain in bitcoin because they know the ins and outs of the currency.

It may be true that if governments start patronizing crypto it will take a different turn.

batang_bitcoin is a stalker, confirmed.

I dont think the OP has got an answer by now, they have been online but they did not make any post here or anywhere else.

In case the OP is still following this thread, follow the suggestions from different members and try to join meaningful discussions and earn merits like everyone else in the forum is trying to while accumulating activity and reaching the upper ranks. Then apply for signature campaigns and earn bitcoin from them. Why waste time on shitcoins which are going to either end as failures or never get listed on exchanges?

Government involvement can make a good or bad impact depending on how they approach the ecosystem, so we should keep that side for now. But it will reduce the number of scams getting in without any screen.

The same urge exists in every human being. But some people use this to fuel an ambition to work hard and make money while some want to be lazy, not work and attempt to make money without doing anything. This second mentality is being popular these days more than the first one due to some people writing books about the same, which is a different type of manipulation, topic for another discussion.

But the point remains same, because the first group will earn their money while the second group will easily lose money while trying to make money.

Fraud is difficult to control irrespective of what is being the mode of payment. To be able to fool a person is an art and there are large number of gullible people in this world. What we have to do is to keep our close ones safe from it and teach them about scams.

Hot wallet cold wallet concept is often not taken seriously by many investors, this is a good thing that you use this terminology means you know how to handle your money.

Besides patience should be maintained by every investor otherwise buying and selling will never happen at proper prices. People don't get that market will always bounce back no matter what happens.

There will be newbies who complain of prices to be too high and fomoed people saying prices are too low. It is a matter of perspective. Keep yours clear and you will profit and the easy way to do that is to get in at a low price and exit at a high price.

One has to start at one time.

You see, trading is a continuous process, you will have to start either with fiat at hand or crypto at hand. Usually you will have fiat at hand. So just place a buy order at lower prices and watch the price drop to see the trade execute.

You need to keep patience at this stage or you will lose the game. And here comes what the OP said. You buy when the price drops, unlike the panic-striken people who will sell at a drop.

I dont necessarily agree with the OP though. I choose to trade cunningly. When I see prices rise beyond bought prices, I will sell assets and use the profit to buy back. I would not go "all in" in either case, that is an example of being stubborn.

Would like to give the accused some time to reply though. But considering their past history I don't think they care about negative feedback or red flags, because they know that money-craving newbies will come to them like bees to honey.

This is a prime example of yet another copy the name of a famous project to market your own scam. A fake team is a nail in the coffin for a scam project and should not give any doubt on that.

Let's open a flag for now as well and see how they respond.

I am wondering why you are not considering bitcointalk to be one of them. Is it because people here are critical about altcoins and the usual consensus is buy Bitcoin, dump altcoins? In that case you are suffering from lack of confirmation bias. You may be someone who is investing or have invested in an altcoin but is lacking faith in holding that coin for the long term.

If you are just looking for information and research on new projects than no forum is sufficient. You have learn to do that on your own. The forum can only be an announcer of newly launched projects not a determinant of what is profitable and what not.

Even then 99% of altcoins are scams and failures. So you have to watch out but you will still get scammed.

Regulation will put a check on such projects true, but frauds will always exist outside the market and these underground dealings will become more common. It does what is says though, as long as people are careful to avoid the shady one. But it will take time and while it happens, we can work in educating newbies and reminding them the values of being humble and content while keeping ambitions of getting rich over time. Teach them how scams work and how they fool newbies.

Scams exist because people exist. You can not have a world devoid of scammers and not everything is in your hands to control. How and where people put their money, is not your concern, unless it is a family member. So you have to discuss with them and explain the nuances of crypto.

This statement can be applied at all stages not just now. Some people are always in the state of "let me exit now" and they are going to drop their bags as soon as they see some uptrend.

Whether NFT and Metaverse are going to be anything, it is a big question. I am not betting on them to be big, but there might be some coin price movements associated with them and you can sell at profit. The main thing is getting the profit and that is where the speculation comes in. People dont want the technology to develop but they are in for the quick money making that crypto in its previous days have already shown the public.

So you will see erratic movements in the market with the current rise in price.

Sometimes this approach makes me feel lazy and I dont get that feel that I am actually trading.

So I have my own method to solve this problem. I keep some coins for the long term hold (major fraction) while another part for weekly or monthly trading (minor fraction). The second one I will use to buy low and sell high between 10k USD ranges, like buy at 30k sell at 40k USD. This gives me a monthly profit and this adds to the traders' confidence level in my opinion.

You dont necessarily need to day-trade, go for mid-term with a portion of your holding. A bitcoin enthusiast can be an investor, a trade and a holder, no harm in that. Holding the majority of the assets is also what I recommend, from the previous charts of rise and fall.

You are visting this forum after a long time and looking at the number of posts you made and the fact that you have received zero merit till date, only shows one thing, you have been a bounty spammer for a long time but this is not the end, you can change and start to improve your rank by making decent posts and helping out the community thereby gathering merits.

If you ask me, bounties are a waste of time. Once you get a higher rank, try the bitcoin paying signature campaigns. With bounties, half will turn scam and the other half will fail in raising money. Why take those risks when you can earn bitcoin every month?

I also see that you had posted in the India Local boards. If you are a native of India, do be active in our local sections, we have some Merit sources there too.

There is a use case and pros/cons of bitcoin too, not just a faith, otherwise it would be another cult with no outcome. But while trading the faith part comes into play a lot more because there are newbie traders who get in at wrong price timings and they suffer for their mistakes.

While accumulating bitcoin at low prices is a good thing, it is equally important to sell at highs and recycle the money. Compared to stocks that give dividends, we dont sell them at high price but only buy.

While gold can be said to be accumulated similarly, these markets are different and they function in real life differently. But both are profitable if you know what you are doing.

Some basic tips, but I appreciate the fact that OP made one nonetheless.

Regarding point number 3, it takes a lot of effort to actually detect a project to be scam, because a scammer is always trying to hide their tracks and therefore, difficult to avoid if one is actively investing in new projects.

Giving every new project a red flag is a trigger-happy situation, but considering the fact that 99% of altcoins have either gone bankrupt or abandoned or vanished into thin air, this approach is also effective.

Therefore, the best way to invest in crypto and still remain in net profit is to buy bitcoin, whatever someone else might say. But I am sure most newbies coming to this forum dont listen to such old skool advice.

Oh dont get me started on those YT shills. They are the worst kind of people, manipulating newbie investors to get into some shitcoin who paid them and then dumping their coins on the newbies. This can be the worst start of trading journey for any newbie, but it was the investor's fault to follow someone else's advice than work on their own.

I know, the thing is that get-rich-quick mentality remains hidden in every investor, only needs to be stoked to life by some random punk on the internet. Bitcoin being "boring" is a common statement that I have also encountered, I tried to explain the opposite using charts, but they seem to have made up their mind. Only after a couple of years, those investors are nowhere to be seen having lost a lot of money on altcoins.

There should be some logic behind that last line which I find lacking in people who say this. So these people are essentially gambling on some vaporware without any logic.

The war situation led to markets crashing in most countries but I see my local market improving and this only means that people are starting to get used to the news. Similar to what happened to the pandemic. It has been a rough few years but I see these are opportunities to buy at low prices which was otherwise not possible if the bull trend continued.

The market will confuse you if you are trying to understand every move. There is lack of proof here and you have to to go with that only. Not everything in the market has an explanation and searching for one is futile. Rather one should focus on how they can get in and get out with profit. For that you only need to buy low and sell high, keeping the details of the news on ignore.

Stablecoins are only an intermediary to tide over a market movement. I dont see any more use of it.

I mean why would someone even do that in their right mind? They are only opening up the chances of being attacked in real life and forced to give their private keys to a robber. Again someone could give a fake id and say that the fake id owns that account, sending the one who is asking on a goose chase.

There are forum accounts being staked here. But I cant speak for the number of bitcoin users actually using that service.

Either the OP does not know what they are trying to achieve or their are trying to do something malicious. Either way, I would wait for the OP to reply to some of the posts instead of drawing conclusions.

If you go into a search for the use of these currencies you will see no end to your search, it is futile to go there.

Rather you have to accept that these coins were made just out of sheer popularity and they became community sensations, not as a means to transact in a broader sense. Still DOGE enjoys the position of the third among the "Big three" and hence it gets more mainstream attraction than the rest, while other memecoins have remained memes while their owners attempt to popularize them among social media.

Truely speaking, these coins give profits to the ones who are running them and not the ones who are investing in them. If you want to make money from them, get in early and get out early too, otherwise you get stuck and bulldozed in the rat-race.

I have always used Electrum for this, the feature came with it in the first place though, I was not looking specifically for this feature.

I also prefer keeping a note about whom I sent the money and for what purpose. Never heard of the app you have mentioned but I prefer Electrum because it is a wallet in the first place and it has this feature. I feel that is convenient than keeping another excel sheet to track or another app to add in your device.

I hope you are not one of those accounts trying to promote one app by asking questions about it.

Currently, there is no other possibility of buying bitcoin with any other asset other than fiat. Because the base currency is often the same for the average number of people. I am not considering an altcoin millionaire, they can buy heaps of bitcoin with their altcoin.

So it boils down to one spending fiat to buy bitcoin. Therefore the price will lead you into a net profit or a net loss situation. But you can increase your stash of bitcoin gradually over time as more and more dips happen. Buy during every dip, depending on your mileage and soon you will have a stash worth boasting of, though I dont recommend boasting.

In the long run, this will pay off because then you will have enough to sell on a bull market and recycle the money over and over again. Just keep track of the movements and go opposite - that is sell when bull market arrives and buy when bear market arrives.