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It is people's reaction that made it look like Telsa controls Bitcoin. Surely a lot dumped when Musk recently mentioned the suspension of Bitcoin payments to his Tesla. People will always follow the footprints that rich people do. I am not even surprised if Bill Gates would be the next to hype some random coin.
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Mcafee is a lot worse that you can't even compare him to the former. He talks crap a lot and does even like challenges before where he can't even do. Elon is talking at least about something, but Mcafee talks a lot crap.
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Let me tell ya as well my story back then. I thought that Bitcoin was like "criminal's money" back in the days, because I first heard it when I was learning everything about dark web. It was mentioned that Bitcoin is the primary currency there. From that I thought it is an illegal coin, but moving forward to 2017, I was told that it wasn't an illegal coin but rather pseudonymous transaction that's why it is being used there, but the coin itself wasn't illegal.
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Well I wouldn't even loan someone in the first place nor I would loan from anyone regardless if it is related to crypto or not. Not sure where this "lending out money" in trading came from, but it should be avoided at all times especially when one deals with crypto. Loaning would be like the really last resort for me, but if I can help to not do it, I won't do it.
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Back then I looked Dogecoin as something worth hodling because it was pretty mentioned like a lot in cryptospace but now I am seeing it as purely hyped coin aside from it being a memecoin just after this Musk issue happened. I am not considering it now hodling nor trading.
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Seems like this would belong to Altcoin Discussion since you're asking for a non-Bitcoin advice. Kinda sus that you're like directly mentioning "Safemoon" like you're promoting it. If you're going for long-term, just go for Bitcoin since you even asked here in BTC Discussion board.
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~ 2. True ownership — Authorities can't lock you out of your money (possible with banks and centralized payment platforms) ~
Many misinterpret this "true ownership". Just because they bought crypto in like centralized or custodial wallet, they think that they're safe already and don't need to worry about authorities locking them up while they're even doing KYC requirements just to use the services that their wallet offers. Ironic for some people sometimes.
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Too bad that there's almost nothing that we could do for this. People following him are blind and just would do what he is hyping up. People blaming Musk, but it is people's reaction that causes these. Now people would start buying Doge just because Musk put up a poll in Twitter on if people would like Tesla to accept Doge, and majority said yes.
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There's already Bitcointalk's Hall of fame made by tranthidung, OP. Making a dedicated board for it would be too much just like what TP stated. A single thread would suffice to memorialize members that had passed on.
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To anyone not wanting to click the Youtube link, it is simply trading tutorial in ByBit. I had never traded in that platform, mostly I did only in Binance and EtherDelta back in the days but those were bad experiences as a newbie because I was still learning the ropes.
@OP please specify in the thread the specific exchange that you're plugging in from the video.
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Media is making it look like that companies control Bitcoin's price, but if you've been here before like 2018 or something, you'll realize that there were more events that liked "destroyed" Bitcoin but still managed to rebound. From 20k to 4k back in the days was one. This drop isn't anything new anymore, OP.
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You're not playing with a fire, but you're adding fuel to the fire.
If you can't afford to invest in the first place, just like you can't afford to buy something that you "want", then don't loan. Work up for your savings and split that to invest to crypto. You never want to add the burden to your finance right now.
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Both, because why not right? I just recently paid my bills using Bitcoin while holding into my other wallet. Don't get fixated about the recent Tesla-Bitcoin news. It is showing that people are becoming too driven by large companies on the reasons why they invest in here. People think that Bitcoin's price is merely controlled by celebrities, media and large companies, but they don't realize that it is their reaction in the first place.
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Guess celebrity will always be celebrity. Still like a normal person you can come across everyday. Agreed that it is people's reaction that affected the market. They let someone else get into their heads and decided to do the same as the said person. While we can't blame people because anyone would have that hidden dream to be as rich as Musk, but they're being driven that easily.
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Aren't there enough free courses in Youtube? When I was beginning in day trading, I had few tutorials that I watched in Youtube and it at least prepared me to the basics of day trading for free. Don't panic sell your properties if you're not doing enough in your trades. As what jackg mentioned, you'll need reevaluation on where you went wrong because it seems like you really have the spirit to still push through.
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I doubt that there will be new mod/s for that board anytime soon, unless theymos decided to assign another one. Even B&H section has an inactive mod for three years, and proposal took place to replace the said mod in [here]As what Findingnemo stated, we still have global mods to handle those reports.
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Quite risky moves there, OP but I guess it isn't the carbon copy of the sticky thread in the B&H section. I wouldn't risk myself in airdrops though. I had my bad experience already in those back in the days so that's crossed out in my check list already. Sad for those hodling for too long in pump and dump schemes though.
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So you're easily driven by what others just said to you? You know that Bitcoin is for the longer-term right. Getting stuck around a certain price range is just quite normal for all of us in Bitcoin. Do you even remember back in 2018 when Bitcoin was like stabilizing around 7k before it crashed to 4k, but prepared to launch itself back and now we're in here? How's that for the story in the past, OP? Do you think you'll still swap?
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Not that it goes to zero but people starts to think that many would consider that a lot already so that they sell a lot of their held Bitcoin. Panic selling isn't just when the price goes up, it also happens when price goes down because people think that a minor price correction pertains the death of BTC. lol
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Not surprised by these, but we shouldn't feel bad about it. I was expecting it any time already, maybe a bit of different reason like "unstable" price. Valve even adopted Bitcoin as payment method before but pulled it out due to instability. Now to look at what happens now, it seemed like he didn't manipulate the market, but he manipulated a lot of investors to buy one.
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