Who has left and who has joined is not the thing to think about. They can be retail investors but they can also be financial institutions. Consider the fact that the dump made the price drop from 40k to 35k - that volume is not possible to for a retail investor to posses.

There was a lot of inorganic growth in the last few months with certain tech companies putting in their money. Why not consider that they are reason for the bailout? Even then the answer does not solve the problem of low price.

Up and down are the only ways the market can move in order to give profit to those who are betting on it. Without movement people start questioning bitcoin and its use which is absurd, because bitcoin was meant for a purpose that has become secondary. Even then, the drop in price is an opportunity for buying and that is what traders should plan for.

It is a type of survival for the fittest. Only those who understand this market and have been investing in those coins that have been worthy of putting money in for long term will survive. Same thing is seen in fiat markets too where penny stocks end up drawing newbie blood at high prices only to come down again. Those who go in for easy money only get ripped off their money.

The investors who go it when ICO market was booming have long left too. They were mostly putting in average of 100$ per project hoping it to become 10x and cover the losses from another - a type of a gamble. But it turned out that they all failed and now the investors cant even approach them legally.

The only one who is bad is the person making the decision to buy a shitcoin or be part of a shitcoin bounty. Nobody forced to join that but they did be it for the temptation of easy money or anything else.

You have to appreciate the scammers who fooled so many investors but got away without getting caught. It should be a lesson for everyone.

Back in 2015 people were saying that ICOs were the future and bitcoin was going to be dead in the next 10years. Now in 2022, we are assured that the opposite became true.

Similarly DeFi, NFT are going to face a similar crunch unless they make themselves relevant to the economy. P2E is a guise of what Faucets and PTC sites were back in 2010-15 before bitcoin price in fiat boomed beyond 10k USD. They might seem flashy today but they will also die out a slow death, the real winner will be the one who created them by collecting the data of the users and selling that to bigger companies.

Similarly memeshitcoins are a short term deal. Get a profit and exit them. Dont hope for a long term development to occur in such projects but move to bitcoin when you get cash at hand. If these projects cannot develop any market making capability in order to raise the demand they will follow the same fate.

They use this address
Which I doubt is the real place where they are located. Local residents might have a better idea, but from what I could gather, Olympic Tower in New York is a building where many offices are located and this is a common tactic used by scammers so that people dont get any suspicions.

Although we really dont need people to go and check that, we can be assured that the project is a scam from the number of buzzwords they are using.
AR, VR - check
DeFi, NFT, Web3.0 - check
"Prime" paid OTT service (LOL) - check
ICO - check

They seem to be selling al sorts of tech. These guys should get the "maximum new tech in a single project" award for this year.

I will just intervene to ask you, do you have the proof that those people actually got out? Dont forget that many people will attempt to reduce the price even more by just saying this so that weak hands sell their coins and they can buy at even lower price. This is how the dip propagates.

Every day there are new entrants in the market, who have low exposure to speculative markets like stocks or commodities. Crypto should only be taken by those who are vets in such topics, but this is not the case in reality. Such people see a big market crash and the "final doomsday" and they forget to see the previous crash and rise of bitcoin.

I already have buy orders placed on one side and sell orders at much higher prices. I dont care if the price goes to 1$, I will buy and I will sell at a profit. But this mentality comes after some years of mainstream trading before adding to crypto trading.

Government money is a vague terms to use, you dont have proof of the same either, so better not to mention this. But can say that many millionaires did put in their money into bitcoin with anecdotal evidence but we cannot certify that they were the ones who sold.

The point still remains that a dump is happening and continuing as we speak. 35k USD seems to be the next level to slow the dump. So buying should be done below that level. Currently there is a lot of panic selling happening and this is a common thing that happens after every dump and such bitcoin owners will never learn their lesson that they should not sell during a dump but only during a rise.

Whether buying shitcoins at this stage is profitable or not, I would say no. If you are looking for a quick flip, go for it but not for a long term.

It is the most difficult thing to determine as an investor. It therefore becomes a gamble to put in coins on all the horses and then see which ones makes the most, in order to cancel out the losing bets in value. But in crypto there may never be a winning horse, aside from bitcoin. Try doing the same to altcoins, you will no doubt lose all your money.

In that sense, mainstream fiat markets are better to invest in than any shitcoin. But if you are looking for the winning horse, you need to buy bitcoin only. Altcoins projects that get announced and started only end up being a stagnant low priced coin in the exchange and while investors remain hopeful, there is serious lack of development and bankruptcy sets in.

Well said, we should not be greedy with anything we gain in life and then only we can be happy and satisfied with what we have. That mental peace is also important and it will be a big reason to keep any person sane during their lifetime.

The power to control greed comes with discipline and it is not a tough emotion to control. Some people may be more inclined towards it but I never had a problem with it, however that does not mean others will not face problems.

Even then if someone ends up taking impulsive decisions based on greed, they need to stay away from speculative markets and gambling - because they will end up in a bad situation. Reading charts will not be a thing anymore, they will be placing orders without doing research, something that newbies willing to make a profit end up doing in their early days.

I ask you, relief from what? Is it relief from the anxiety that if the price drops you will lose money? If the answer is yes, then you need to stop trading - you heard right, trading is not for you if you cannot remain composed during market movements.

Remember that movements in the market allow us traders to make profits. If you invested knee-deep into crypto hoping for some quick flips then it is not for you.

Some people panic, while others know it is the next opportunity to buy at a lower price. It all depends on your perspective and those who do not have that will fail as a trader.

The term "bad actors" makes no sense. In fact why do you even think of someone dumping their coins just to end up in a loss? It is a man-made delusion, that needs to stop.

But it is possible that someone dumped, now the question is not why or how they dumped. The question is at what point you should buy again in order to sell in a future bull market. Because if you dont, then when the price cycles back you will have nothing but wind in your hands to sell.

Price is 39k USD for now, if this continues we might see whether the 30k support levels are well though of.

It does not indicate anything other than what you read. BTC "dominance" is a wrong term to use anyway even though some aggregators keep on using it.

Like some foretold prophecy? Sadly, I have heard the same rhetoric before and it does not end well. Because bitcoin price is lower than the month's average it does not indicate that altcoins are going to be good for the rest of this month. They will bleed out and then wait till bitcoin rises again.

That surprise you are waiting for, people have been waiting for the same since several years now. The term alt-season itself is of wrong use, a neologism that carries no value. If you want to buy altcoins, buy it. But whether you will see them grow huge in price, the answer is usually a very guarded one.

Safer bet, yes. Imagine what you could earn by holding for the last 10years on a bunch of bitcoin bought at two digit prices and selling them on the last ATH this last year. It is safe and profitable, but it needs immense patience and faith in the coin's future to be able to hold an investment for so long.

A good option as well. If you just buy at every 10,000$ levels then you can possibly sell again when the rise happens. Like buy at 30k when the market is dropping and sell at 40k when bullish, you get a good 10k difference in price and on average trading with 0.1BTC per trade gives you a 1k profit excluding trading fees. Not bad but it will take a full cycle to complete this process, so needs patience. You would need to check the market around a couple of times per day and just place the order.

Either options are good and I think that the third option being day trading, needs a lot of work on part of the trader. These two are good options for the average retail investor.

This statement shows the problem in your mentality. You wish that you had bitcoins in "your name" and you wish to get access to them. Scammers will in future attempt to rub that greed inside you in order to scam you.

There is no such thing as bitcoin's being stored in someone's name.

They are not even stored in your digital wallet if you have one. But they are linked to your private key, which you can generate when generating a wallet. I suggest you read more about this topic and understand that nobody can even claim that you are the owner of some bitcoins unless you give them a proof of the same, like signing a message with your address.

Like I said above, your greed is there and that is weapon the fraudstars will use to scam you again.

You generate your key when creating a new wallet. You never share your private key without anyone, because the one who knows it can spend those coins immediately. So if you never created a wallet, you never owned a private key.

Assuming much without backing it up? Common type of confirmation bias seen among weak hand traders. 40k seems to be remaining strong, but it will not take long to draw the price even lower.

The focus of crypto niche news has shifted from bitcoin to mostly about NFTs and shitcoins. I doubt that these developments have much effect on bitcoin price unless some random country decides to declare another ban on crypto or an exchange gets hacked.

I do not think that way. Bitcoin price can go both up or down. You have to make preparations for both sides to be profitable to you. Place buy orders below these levels and sell orders above this level. Once the cycle reverse, repeat the same and you will have sold your previous buy and bought your previous sale.

It should not become like gambling, spot trading should be an EV+ thing. Revenge trading, like you mention, is common in the first days of any trader, trying to fight against the movements. Usually a trader will make profit if they move the opposite of the trend. Meaning they buy when the market falls and sell and when the market rises. For a newbie in trading, these basic things can be tough to comprehend and therefore paper trading should be tried first.

However, like the OP says, there will be a group of uses who trade or gamble under impulses and they can end up ruining their finances by this, they need to be kept away from such platforms.

The increase of the year number does not mean an increase in the legitimacy or future value of a project. Bitcoin was launched back in 2009 and see where it has reached today. Projects launching in the last five years have been facing a lot of issues including bankruptcy, lack of development and community attrition. You dont get a future value in such project but you will get it in bitcoin, and it is still worth buying even if price may be above 40k USD.

If you want to be on the safer zone, buy bitcoin. If you are willing to take the risk of losing money overnight when it crashes during your slumber, go with altcoins, but whatever do you, do not fall for the hype trains that begin all of a sudden and pump like crazy.

This would be used as an excuse for scam mongerers to run their scams, that would not be a good thing for the future of altcoins, would it?

This is also the reason why we need a regulatory system, to allow projects to develop but at the same time put in some legal restrictions in order to discourage someone abandoning their project entirely and leaving investors hanging. Moreover the pump and dump projects would also be kept under control if done properly.

However we have not seen regulation start in any country and it is a tough thing to start too. But we ca be hopeful that it will be for the good in future in order to protect both developers and investors.

Compare this to the number of people selling fake gambling picks. See the similarity?

Why do you even want to pick them? If making money was so easy, would the people giving such picks, not use them to already become millionaires? Dont forget that everyone on the internet is out there with a motive and no one does anything for free.

You have answered your question yourself. All of them are in it for the money.

If you want to make money by trading you need to learn to read charts, identify support/resistance levels and the basic reading or indicators like RSI need to be known. Fundamentals are what is important for a newbie. Learn these and try to predict market movements yourself. It is not easy and neither is making money. But it is very easy to scam people by selling them fake picks - you get the idea?

You dont have to take risky investments if you are not in a position to. Playing safe is possible in the market but your returns might not be too high. To play safe, buy low and sell high, but choose some proper points. Save money every month and cut down on costs that you can possibly eliminate.

Both trigger happy groups are at the verge of collapsing when the market goes in the opposite direction, this can and must be prevented by placing orders only after choosing a proper entry or exit point respectively.

Those people are likely doing the opposite, so dont take their words to be always true, here only your decisions matter. And selling is as important as buying is in order to cycle the money, like @Alisha FR says "Spinning"

Only with patience can people place proper buy/sell orders at a profitable range, otherwise they will end up panic buy/selling which only leads downhill.

The product gets higher priority if you ask me. Community depends on a lot of factors. It is easy these days to generate higher views and higher followers by inorganic paid means. Then following that would mislead an investor. If you ask about the owners and developers who are working on the project, well and good, but most of the times they will only be able to give you guarded answers that will not help decide on investing or not.

If you find the product useful for the population targeted and if there is a genuine need in that population for that product then the demand will rise on its own, the community will inflate and the market price of their token will rise. But this is close to zero in the crypto market because majority of such projects have already been done in the mainstream market.

If we see the long term trends then bitcoin has already multiplied its starting price by many times. Hence I take is that we are never really over-estimating its price. What can happen tomorrow is not known but rest assured, bitcoin is here to stay and possible do a large number of changes in the existing economy.

A million might be longshot to predict, but hoping to see the last all time high of 69k USD (<a sweet number ) once more would defenitely make the dreams of some traders come true and if the bulls are with us, we might cross 70k as well.

The point is that there needs to be an organic growth of price and not just overnight rise, because a sudden rise is bound to a sudden fall too but a gradual rise will see a gradual fall which can be corrected easily.