They have had a pretty solid project even before the mainstream NFT application ever since. I have been searching and reading about their team, and they have been working with it since 2018 IIRC. So even if cryptocurrencies are on a downtrend during those days and no one cared, they have persevered and continued it and never gave up, so I don't think they ever will stop.

It had changed lives in third-world countries, and I believe that they will continue and strive. Sustained.

I was a little bit surprised that it was still a thing for this time. Most of the crypto users are in this because of DeFi projects and not airdrops anymore. It's not that popular and most of the time, people who receive airdrops have little benefit anymore. They are probably focused on making ways to earn money while at home during this pandemic.
 
Do you consider bounties as airdrops as well?

That's why there many ads that show people that they can test it out first and use fake money. There, they will be able to easily profit because it's fake money or assisted in some way. And then when they are ready to deposit, it just goes all the way down. I hope no one gets to experience that loss but it's inevitable.

A lot of people tend to lose money to urges and immediate want to recover their losses and thus creating even more problems.

The first thing that you should know should be it's never going to be profitable if you let your emotions affect you. Just like in trading and any other endeavor that you might be dealing with. Human emotion is quite hard to master and to perfect knowing that you can be immediately be affected negatively.

I suggest to treat it as entertainment and never another source of income unless you are doing it professionally.

I think that's the problem with people, forgetting the actual goal that you have created and the idea of short-sightedness and thinking that it's the only way that you think that you are in profit. The best thing to do is do your actual trading plan and follow it meticulously. If you want to take advantage of the 24 hour market of crypto, you can take a look at Gunbot and use it as an additional trading tool.

I don't think it will be our fault anymore if we deposit our money into banks and lose the investments they have. There's always going to be that insurance whenever something happens, right? The FDIC or wherever you are. As a client, we don't need to do anything but know that they will carry that loss and still be there whenever you need transacting.

This collapse makes it even harder for people to know Bitcoin and know that anything can happen. One wrong move in the wrong direction, you are already going to lose everything. I hope whoever is responsible for this, understand what he did and possibly recover from it.

Isn't that just being human? With regards to all the things that you are doing, you can always make mistakes but one thing that most people lack on is correcting them immediately. For sure, you can get fear and uncertainty towards something but you should just know that you are able to get through it if you are going to be aware that it's happening and then form a corrective action towards it.

I think speculating is always going to be a hard thing to master because it's already an unknown entity or not foreseeable. You wouldn't know what to expect and there the fear arises.

Before I was always hesitant to transact my BTC when going in and out of my wallet because of the fees and I was surprised to see that you only need 3-4 sat/byte now and save so much. I checked the mempool size statistics to make sure I wasn't going to send that transaction and wait for days and lo and behold, it's fast. Continuing this for everyone would make it easier to have real-world applications more and more.

I'm curious as to what the minimum withdrawal from exchanges would be. I remember 50k sats in Binance, not sure now.

If we focus on accumulating the asset that we want, in this case, BTC, we should be safe from whatever the price is heading, whether up or down, but the stock-flow model suggests that at the end of this year, we should reach $100k+ which is the best case and we will all celebrate when that comes. So I guess the best preparation is to accumulate more and more BTC.

Why are you doing two things at the same time? It's going to be too much for your physical and mental aspects to handle. Imagine thinking about two things and worrying about what could happen to them, and you can't do anything about it. That's going to affect you mentally, for sure.

The best way to approach this is to do one thing at a time and focus on one thing only and learn from it.

For instance, if you were to focus on trading, you can learn different strategies and apply them as your own. Make sure to control your emotions towards trading and be aware of the risk management you will face.

BUT if you treat trading as gambling, you should go and gamble all the way and not think about all the technical analysis you can do there.

Based on your post, the next one would be $300000? How much is that going to be the all-time-high to reach that kind of low? Lol. Anyway, it's nice to think about it like that. Imagine reaching $1M per BTC in the next three years, and we all be rich AF. I hope we all get to that point in some way.

Maybe they needed money and decided to manipulate it for a second and just liquidate positions to fund their wallets? Lol. The difference between us plebs and institutions is the buying power, right? And if we combine all the plebs' power, we can overrun the power that they have? That's what happened with the Wallstreet bets and maybe crypto is next.

Thank you for clarifying this. I wasn't able to do some searches about it and my internet is kind of crappy right now and it doesn't load. Maybe they would have this type of section on their site, it's a great benefit to have this as well. What I like about the idea is that they have ease of transfers when needing funds or something.

I think they are large enough to just accumulate BTC and create another fund without investing anything but the payment processor system that they need to integrate. After that, I don't think they are going to have a problem with getting BTC. I think the approach that they can do is just like what Tesla did and convert some of their liquid cash. In general, this would be a great milestone for crypto adoption.

I would agree with the people who posted before me that to use a non-custodial wallet that you control the private keys to.

Anyway, the best way you can utilize that if you are using Binance as your wallet, is to play with their partner casino. BPlay. I'm just not sure if there are sports books there. I haven't tried it myself but maybe soon

Thanks for your opinion and I understand where you are coming from. That's still the challenge towards the bot itself. There are ups and downs but it gets the job done and compared to doing it manually, that's just impossible. It's not that I need to but because of the development and time that has been put into it to create that bot, it's better than anything else. I'm just pointing out that it's hard to do manually.

Upon checking the 1m timeframe, it's probably an institution putting a position on BTC.



It occurred that fast, maybe it's just a single trader and fat-fingered it or something. I doubt they would admit it or something.

It would definitely be crazy to see an "Amazon Exchange" operating and it's kind of over-the-top since it's already a big company in another industry but if that's what it takes to make cryptocurrency, even more, attracting everybody and make sure that they know what they are doing, why not?

They are probably testing it out already if they have planned something like this. Or this could be FUD.

When you say it that way, it seems like a lot of work, and it is lol. I have this experience trying to share what I have learned to a boomer and he just said that it takes a lot of work and can't comprehend what I'm doing and says "that's a lot of clicks". This is gonna be perfect with that kind of setup if they already have that. Setting up an account with a wealth management company could be tiresome as well.

This is definitely the downside with regards to that. It's always going to be the fiat to bow to. It's always that and what else is there? It's so intertwined with the financial system today that even cryptocurrencies are tied to it.

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I like the idea of that "freedom management". It's being free from ties and control over the over inflated fiat system. But since the value of Bitcoin is tied with fiat, how can we win?

Do you think there's a significant advantage to doing that route instead of owning the real thing instead? I can't seem to think of any other thing rather than the ease of transactions with the bank. Maybe this could be an interesting point to call out to when you are in a conversation with someone who has less exposure to cryptocurrency in general.