HODL is safer than anything else. But we all want to stay in a bit of an action and some drama because we are humans.

So for the ones who want to play it safe, a buy low sell high approach works. Just take care of the fact that market movements sometimes dont stop and then you need to wait it out or buy even lower. The ones who panic here and have a general lack of faith in cryptocurrencies will be the ones who falter.

Even then there will be more methods for a exchange company to squeeze money out of your pocket by introducing newer methods of playing with risk. It is your choice whether you want to use them or not and whether it suits you. Spot is good if you ask me. Taking the rest of them only adds in risk to your portfolio.

Not a bad approach though, but I am sure you will be getting a number of projects that are only there to fill your wallet and not provide anything useful worth speculation. There are those coins that will be going up but their number is overshadowed by the number of coins that are going down. It is a difficult to segregate situation for a newbie entering the market, but you have obviously gained some experience on this.

In the long run most of them will be abandoned but being quick and selling right after getting listed is a though thing to follow and often people are not in a position to open new accounts on a new site and place orders.

While I never wish a war to happen, seeing one happen does make me feel bad for the people suffering there. Even then, a trader needs to know their advantages in time of an economic turmoil.

Currently I see bitcoin as in a buying position with every down trend. Similar with metals like gold and stocks on the fiat market. I am getting stocks at much discounted rates and therefore I am buying them so I can sell in future.

My point remains that, this is a bear market, whatever be the reason for it. Therefore we must capitalize on that and not feel sorry for not investing during such times.

Drop in price does not mean that the original pros and cons of bitcoin have changed. Those who buy bitcoin, accept the risk of the asset being volatile (though <10-15% per year). To me it is another asset worth putting money in, so I will do that.

This is the best way to learn trading, though a safer method is paper trading using virtual capital, like a board game. It should be done by newbie traders before using real funds.

It is mostly about the money, these youtubers are using it for a living and therefore whatever they do now, one day they will start affiliate links and paid promotions, it is just a matter of when. Everyone of them is sold and they dont care about what their followers are making - reality of influencer marketing.

Agree with @crwth that the amount of info on the net is too vast to verify each and read. That is why one does not need to depend on youtubers for this, they can learn on their own.

You can go with the buy low and sell high but you will need patience. I would suggest dividing the funds into some for long term holding and some for regular trading. It does not mean you have day trade on the latter, use it for buying at low set points and selling at high set points, thus cycling the money and making a profit. Watching the current market movements, I can say that people will sell at 40k and buy at 30k, so you can follow that and place orders accordingly. The more frequently the cycles go, the more multiplications your profit gets.

This added with the long term holding should allow you to make good returns over time. But it takes patience and a cool mind.

The method is simple bro, it is called patience and most traders who get washed out during the process lack this property.

If you are patient you will gradually be able to see the price you want to buy at during a bear market. It is wrong to sell during a bear market which most people end up doing, not knowing that it is a part of a cycle.

You also need to be mentally prepared at any time to be able to face a bear or bull market. This starts by risk management and allocation of funds in trading logically, not going all in.

Since 2017 most ICOs did not deliver what they promised and the unrest that this creates among investors forced them gradually shuru down the project. There is lack of regulation here in the altcoins sector and you will be wasting time searching because the number of legit projects are way less than the number of scam projects and failed projects combined.

The better and more logical process is to observe charts and buy Bitcoin. Because bitcoin will be big in future any day and you will never face such bankruptcy problems or so with bitcoin.

Even the newly started DeFi and NFT are working simialoand they will end similarly too.

Yo, most scammers are professional, they have will not talk about money directly, rather hint towards it more, indirectly. They have also grown as anti-scam methods have increased and people started becoming aware. The old promise of big returns is now only working on smaller groups of hyped newbies.

The bigger scams that are difficult to detect are the ones where the team stops development and leaves and then some investor usurps the company and goes to hostile takeover. These cannot be stopped by community efforts.

Technical details not be discussed is fine to some extent since most of us here are not tech people, but investors. Even then someone must verify and check those too.

Confirmation bias is a common thing among traders. It is a human nature to seek confirmation because we have guilt inside which makes us want to seek it. Point is that in common day to day life, this may be necessary but in trading this is wrong.

But since it is human nature, youtube and other social media influencers know this and use it to gradually develop a followership. This "minion" type of following is pretty inorganic and mob-like. Not something I like personally, but if someone is making off this, then props to them for being able to do it.

Yeah we know that because we have been trading on our own. These channels get users to follow them and get paid from their followers. But it is a short-term story only, like a gamble and not professionally done trading analysis. These things cannot be done by others and you are only placing the orders, it should be done by the person or a team working together.

The only two things we can do are

1. Spread awareness about such scams, how they operate and how they manage to fool users into sending their seed-phrase which gives full control over their money to the scammers. This thread is a good example of such awareness thread. (Preventive approach)

2. Report the same to Facebook through their website or app. Point is that this is probably not going to have an effect unless a large number of users report it from different parts of the world. This can be done by the members of the forum and possible victims of the scam while remaining completely anonymous. (Curative approach)

We all know that prevention is better than cure, so better gain knowledge about such scams and learn how to avoid them.

To be crypto is just another word in the dictionary, which mean something. I wait for them to elaborate if they are pointing towards cryptocurrency at which point I tell me more about it but I cannot express it is one line, because cryptocurrencies at this point are a risky bet for someone who is new to this sector, they need more than one buzz-word or pipe dream.

I would rather explain to them the uses and misuse of cryptocurrencies' properties and how it is possible to make money from the market instead of pushing them to the continuous pump and dump of bitcoin with the line you said below

^ yeah it is not true if you ask me. You never really become financially free, it is a state of mind, and everyone can be free if they make it a choice. Use bitcoin if you wish to, but it should be not be your motto to escape taxes and become an anarchist, we all know how that ends.

True, both system have their own pros and cons and one does not topple the other. Moreover, being comfortable and not paranoid about your money is important too, fiat has already made it's place in the people with that and it is not possible to move people from that group to crypto by own awareness spreading.

While bitcoin was made as an alternative to fiat, it is already serving its purpose. Beyond that, speculative markets have developed to allow risk takers to trade on its price changes and that is a different topic. We also have Forex, but does that change the objective of fiat? No.

The world is a rock, the people of this world have already seen how crypto can be used but it is their choice and that is for them to decide which one to use. You cannot force someone to use something because you like it.

Dont take the people running the government to be fools, the politicians are fools, but the ones who work in background are way more knowledgeable than the average forum user here.

Now the governments already know this, so they will try to coerce people into using their CDBC than cryptocurrency. How they will do that, it will be seen with time.

Stablecoins are not a solution to this, they are an intermediary system to avoid the volatility of bitcoin and similar currencies and multiply your assets over the market movements. Beyond that I doubt how much actual usage they get. But if governments allows that then their use will increase.

Dont forget that the users on this forum are a small chunk of the entire population out there. We are a minority there.

Centralized market will be regulated but the point is that the decentralized markets remain and those are the ones that need to be regulated. See every American cannot manage their own assets, unlike the rest of the world can. So they need some legal backing and clarity on these assets as per their narrative. Hence the need for regulation. I consider this as a good step overall for the long run for crypto. While this will mean a tougher situation for developers, it will also weed a large chunk of non-sense scams that keep on going around in this sector.

You cannot stay away from government's crackdown if you are living in their land. But it will be for our good only.

Currently the price is increasing but I was hoping to see lower prices so I could buy at even lower prices. Optimistic is good to hear but breaking 40k again seems difficult to me considering the current global conditions.

45k should not be thought of now. We should focus on buying at lower and strength the 35k and 30k levels first.

There will be ups and downs and the market will keep moving. We have to cope with that and get panicky by these movements. The key is to keep your nerve when the market goes down again.

The only thing you should do is keep holding those "mined" coins and use those to sell and get an ROI for your mining equipment. I hope you are mining on your own and not the freebitco.in mining being the main point here.

Once you break even, you should be able to hold and sell at every bullish run therefore making profit.

There is no need to invest in freebitco.in unless you want to add that to your portfolio with the risk that you are lending them your bitcoin. They are legit and you can feel safe with them, but there is a risk. Using tor will not save you from all that paranoia of being tracked and all. I have been a winner of their 200$ faucet roll and I can vouch for them for being a legitimate operation.

So hold bitcoin after mining and sell them in profit - seems to be the best approach.

These high APY is often used as a temptation to lure newbie investors who are probably going to get scammed because of their foolish mindset. I would not think of this to be a legit operation at all. Be cautious before investing in this. I would not if you ask me.

It is better to be focused on Bitcoin. Because some scammers are always going to try to steal your money, they set up these schemes and also take this down all of a sudden without any notice. You have no legal route to go after as all, because it will cost you more than you can recover.

Be careful of such things. Or you have to suffer the same consequences as another foolish newbie.

Not just in crypto space but in every economy there will be such scamstars. Whenever the scammers find an easy way to set up a trap for newbies who might be confused about what to invest in, there will incidents like these and scam tokens.

You may have seen projects coming up with buzzwords that are currently trending and eventually turning scam. There is no end to this problem and there will be people falling for such scams everyday. One needs to be careful when getting involved in projects like that without doing research.

It is rare that a project is legit and the results are good. Most of the legit projects also don't end up in good price. The project may have been a failure from the start or never got off. Usually it is better to just focus on Bitcoin and leave the altcoins out of this.

There will be governments that take steps at some points making the market move a lot. However this is very small in number with  the exception of the Indian government which has been making FUD for too long.

However these can be used as opportunities as well. When you are watching the market for too long, you can realise this. Getting frightened about your investments is a wrong step.

But the strategy is just a word that keeps on going. Most traders just use the buy low get high method while actually ending up doing the opposite.

Logically speaking using a social media or third party signals means you are following their pump and dump schemes. Although you might be able to profit from that but this is not suggested to any serious trader.

There are bots available but the basis remains the same. It follows the programs ordered by the owner of the bot. This will not change based on social media calls or whatever which are often not reliable.

You would end up wasting time in fake signals and not legit orders.

I prefer giving the human touch because it is important to keep the trader mentally stable regarding trading. Knowing that they developed the bot on their own is a good thing, leaves out all chances of suspicion. But then this is trading and it is a speculative market. No results are guaranteed.