Certainly looking forward to the Champions League games at this point as this is what really counts in my opinion when we talk about PSG. I wonder for how long the sheikhs might keep trying to win the CL or whether owning PSG pays off for them anyway. Maybe through the marketing effect for other companies they own, I have no idea. It seems that they are still making money despite signing these crazy contracts with Messi and alike.
I am also looking forward to seeing PSG's performance in the Champions League. PSG looks more stable this season than last season. Because Neymar and Messi's chemistry seems even better now. At the same time, if Mbappe can return to form, PSG will be even stronger. PSG is strong as a team. Boarding between players is now very good. If Galtier organizes his match strategy well, PSG can play well in the Champions League. Recently, we have few things are surely going to happen in coming months if PSG fail to win Champions League then sheikhs are going to crazy, and they will sell this club because they are already fed-up and have mind which I read few weeks back in a magazine they are not happy as they are paying insane salaries to world's best players and investing heavily but still have no desired results. With this warning now I am checking some change in few big players, and they are doing their best to keep their place and having required results for this season players attitude is also big issue here just because of this few big coaches reject this job offer and want to stay away from this club which is going without any discipline and management having different rules for all players. Now ball is in Galtier and players side how they have done in this season and want to stay like this lucrative, or they are going to have big changes in coming season because most chances new owners are not going to give incentives like these to anyone. |
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I observed several changes in the price within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.
That's low compared to its ATH and never in its history of bitcoins price did not increase its price and break its old record price after it falls. The price will eventually recover but we don't know when it is if you check its history, more likely to occur after a few months from bitcoin halving and that's 2 years from now. Long-time holders are the happiest people right now because they have the chance to buy low right now. Exactly this logic for sure. I mean we have never stayed under ATH forever, we always kept on breaking it, even if it takes years, we always broke the price record. Which means that 68k was the biggest price we saw, and that means we are going to be 70k or more in the future, I do know when but it will happen for sure. This is what I care about and I believe that it will happen sooner rather than later. That's how we could make sure that crypto is doing better. This is not something that could be timed though, I mean maybe this month, maybe a year from now, we can't really know the time of it, we can only guess. But I know for sure that it will happen eventually, or at least hope for it. |
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Like people who own tons of Bitcoin or crypto but bought them without KYC? Either before KYC was a thing, or bought them through methods that did not involve KYC?
Usually whales are in a form of institution but if it's a single person, I think they buy bitcoin via OTC or over-the-counter. They find someone who sells bitcoin in their area then meet each other to do the trade.They don't go through to decentralized exchanges to buy because these DEXs' will definitely ask for some documents to withdraw that huge amount. It will also create a sudden pump on lower timeframes if they buy directly on those exchanges. Coinbase and Binance offers that kind of service. Meaning if you want to buy let's say 10 billion dollars worth, you can't just end up buying it right up, it would make the market go super high in a single moment and you can't have a decent buy averages at all. So, what do they offer? You just put your money there, give an OTC order, and if there is another OTC order on the other side, it meets you and handles your deal and gets a good deal. Because, there are sellers who would like to sell a lot without hurting the market, and buyers who would like to buy without hurting the market and they meet each other on these platforms with help. That way billions change hand, but the market doesn't move at all. |
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Yes, you are correct. People used to HODL precious and not give in to fiat right away in days long gone. Nevertheless, sentiments can change very quickly since markets are influenced by many factors, but I am most concerned with the lack of volume at the moment. No matter how the merge plays out, I believe the ETH ecosystem will continue to pump. Until either of those things happens, I'll ride the wave. It will take me until late September or early October to sell my house.
I definitely agree that we are in a situation where ethereum doesn't have the volume that it deserves. Right now we are on the verge of maybe one of the biggest developments in crypto world for the past 5 years, nothing as big as this happened since creation of bitcoin itself, and yet we do not see the hype for it. I mean all of crypto people should be super hyped about this, and when the time comes we are going to see maybe 10k per ethereum, who knows? We should be quite happy about this situation. If not, then I am sorry to say this but there will be a lot of people who miss out on this profit chance and they are going to regret that they didn't buy it today. |
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The fifth point is especially important, many people I know fall into the trap of comparing themselves to their neighbors and often buy stuff they do not need or want just because their neighbors did it, also people need to stop buying brand stuff, luxury cars and all kind of unnecessary stuff, a regular car fulfills 99% of the needs you may have for a fraction of the cost, and the same is true for the majority of luxury goods we can find when compared to their regular counterparts.
Yes, so many people fall for this, we call it "Keeping up with the Jones' " so many people feel the need to match their neighbours. Unfortunately my wife falls that frequently as well, her friends are getting married just now, and we got married long time ago when we were pretty young. Of course all the things people buy now when getting married are more high tech, back when we were married they weren't there, now they are all buying them, so did she  . So long story short it's a life that you gotta accept and nothing more to that. I believe that we could keep spending money forever and live a happy life like that and it's fine, but we could also end up saving and then spending it all at once for something ore grant and we could be happy like that too, it all depends on what you want, there is no recipe to happiness. |
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The strategies which you are using and give you better results then its a good idea to trade with the beneficial tool and to be more successful you should make certain trading plan and follow that so you will quickly achieve your plan. Remember one thing that trading is just a business you will face success as well as some times may be failure but do not upset its just a business.
No other tool that brings us success in trading is to focus on what we are doing. Loss is a part of our trading journey but we never think it was a bad sign, yet I consider this as a tool for us to improve. It serves as a warning that there is something without strategies and style, and therefore, we have to correct this and make trading more efficient. Without understanding how trading works in real life makes us really upset. Losing is not a bad thing if you know why you lost, but it could be a very scary thing if you have no idea why you lost as well. I know plenty of people who got scared and sold their coins for a loss, and that is not really a good thing because it results with them not really knowing what they are doing. But, I believe that the best thing to do would be learning to trade better and that way it would be something much more magical, it would allow you to make a bit more profit, but even in a case of loss, you are going to end up with a good profit and that's how you should approach things, not the other way around, losing and learning is a great tool. |
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Most especially new projects do you think its healthy to rush things up or take a lot of time and gradually release updates and follow roadmaps slowly? There are some complains that most projects aren't following the exact timing on their roadmap and some even takes this is Red Flag.
Many indications that can say a project is good or not, I don't really pay attention to whether they always follow the trips that have been written in the roadmap, in my opinion the easy thing we say whether the project is good is available in many top exchanges and there is a natural request, not with pumps techniques that often outwit. I agree that being listed on the big exchanges would make a project great. But in order to get there, first it needs to go through the hard parts of it. I have to say a project that starts out with spending a ton of money is a good indicator. We should look at that because it means that we are making a good profit and that’s fine, if we are seeing that impact, then we will see how great they will start on the release date as well, maybe even be on the radar for a Binance listing after just a month of being released. But, places that barely have any money to spend, will not be able to get heard that much and it would probably not be listed anywhere at all. |
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Not really recommended using VPN to access on your Binance account exchange or PrimeXBT, better if you still use computer than change your chrome DNS setting, use the public setting and you can access to exchange market have been restricted by government. I have try and success opening all exchange market have been banned by my government country with DNS setting without have use VPN, I worry will get suspend with abnormal activities when opening exchange market using VPN because have different IP for usually access than used VPN.
Not recommend going to any exchange really with VPN on, that means you are joining there from another IP and that could be a horrible mistake for you. I am not saying that you can't get away with it, there is a small chance that if all goes well then you will be able to do it, considering how people do actually change place and travel to other nations, so it should be fine. But, there is also a small chance that we could end up with nothing at all, it really doesn't make sense to risk it. VPN would be a "waiting to get wrong" situation and it would be a problem, UK put a law, and just follow that and do not try to risk everything by putting it all away on a VPN. |
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So far it has increased 38% from its lowest price on June 18, of course this is not a small percentage!,
because in just 2 months Bitcoin can recover quickly.
we will never know how the price of Bitcoin in the future, whether it will return to its ATH or it could even drop below $10k again,
so indeed we are obliged not to be greedy when trading
People who talks about bear market and people who talk about we are still down all needs to see this. We are nearly 40% up, how many things in the investment world is already 40% up? We should be quite happy with what we have right here and it is just the start, we are going to be so much bigger. People who do not see that, just fails to see that and it's fine, I do not care, it’s their loss. I made a good chunk of profit, if you do not want to, keep being scared. I agree that 40% is a big big amount, but we are going to have as high as 10x from the bottom, which is 17k to 170k and we are going to get there, people need to open their eyes to reality and see we are going up. |
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I have the same thought regarding this. They take advantage of creating a FUD.
If we look at most of those who oppose bitcoin are very influential people. And what he said could affect a lot of people. We never know whether they really do it on the basis of the truth or indeed they don't want other people to get something of great value.
The biggest one I heard with the same excuse was China. There are a lot of people who say that China already banned bitcoin, and keep telling people they "banned" it again and again, so far we have seen 11 news regarding this, even if smaller parts, they keep saying they banned it. But, the main reason behind it is said to be China buying a ton of crypto with the dollars they have, they know they can't cash that out since it is a lot of money and would ruin the economy, so instead they drop the crypto prices with such news, uses the dollar debt they own from USA to buy crypto, and they can move that around easier and quicker, and when it goes up they have a lot of profit from it as well. |
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Following the news, and hypes, I predict Ethereum's market will start pumping. Likewise, I agree that it will fall after Ethereum merges. An event where you buy the rumor and sell the news. The Ethereum price will crash hard next month when the 2.0 goes live, much like Cardano last year when it pumped before it launched mainnet and then crashed afterward. All the way through the event, I'll be buying more, but I'll be sure to my return.
I do fully agree that there is a good chance people will end up with a great deal of trading based on the news and that is definitely something that we should be careful about. You can't just make a big deal out of news because that doesn't mean anything at all, it is just news and we shouldn't be trading based off that. We should be seeing what it does and that’s how we should be making profits. Real things come with real trades and real increases, just a rumour or news would not make it good or better, it would cause it to inflate for a while but then quickly go back down right away. Hence, it is the best thing to make sure that you know what you are doing instead. |
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We still have so many crypto unbelievers, 90% of humans out there are still waiting for regulations, people failed to understand that once the government have power over something it will block powerless people to achieve greatness, the insanely high volatility of crypto is why ROI can go as high at 1000%.
I don't think that we are at 90% levels anymore, it looks like we are at maybe like 70% or so for the people who haven't gotten in. And not all people who haven't gotten in just yet are people who are hating bitcoin or waiting for regulations, some do not because they do not have money, some do not because they do not understand how to, there are a million reasons. So, if we talk about a realistic number for people who can but prefer not to, that could be around 50% if you ask me. That's an important deal and I think it would be a lot smarter for people to just focus on the people who do get in, instead of losing time over people who haven't just yet. |
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If it's not yet implemented then we cannot say for sure.
There are those who are still using cash for their privacy while when they start changing that to CBDCs you will be known wherever you pay. Even just for a pack of cigarette or just a candy bar. They can trace who did the payment and where it was done.
It will be long before this could become a norm to society. The availability for merchants to accept it just like cryptocurrencies should also be worked out.
And, I doubt it will be a peaceful walk because if the high number of people that are against it.
This is why I do not think that it would be regarding privacy. It would most likely be a revival to usdt or busd, because that way we would know that there is a guarantee behind it. People who would like to trust USA government more than they trust to tether or binance, then they would use these. If you still do not want to then you do not have to, there will be other options. But, imagine having like 1 trillion dollar worth of CBDC in the market, that would be making everyone rich enough since most of that money will go through bitcoin eventually and making it grow huge. Maybe it will create some volatility issues in the long run as well but hopefully not. |
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Bitcoin finally stays at 24k today , this is the first increase in this level for several months now and maybe in the next coming hours Bitcoin will cross that 26-26k and i voted for YES.
It has been long that price stays lowering and just this August that we can see light again.
I am longing for at least 30k this August before the BER months starts the wave.
and finally in December at least 50k will be best for me and all of us.
That's how it will be. We are going to see it do well for a while and not do that well for a while and it will eventually stay above a level and stay there eventually. Today that number is 24k, tomorrow it will be 30k, then one day it will be 50k and eventually 100k. That's how bitcoin goes, there are days when we go down, and then there are days when we go up and stay there. Thankfully it looks bullish right now and we stayed above 24k, but that doesn't change the fact that it will get a lot better and we shouldn't be happy about just the current situation, because this is very tiny compared to what we aim for bitcoin to be and it will be a lot bigger soon. |
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You really can't predict it out, we have a reason for diversification and making more ROI is one of the reasons, the other is to lower risk of losing everything, I have someone who invested 1000$ in Matic years ago in 2020 and he made 270,000$, find good projects and stick with them.
Diversification is not really a strategy to increase profits, diversifying your assets is done as a way to protect yourself form losing too much money in the case one of your assets went down hard. If your goal is to make money then you need to do the opposite, which is to concentrate your capital in just a few assets and in that way increase your profits when those assets go up in value, however as you may guess this strategy entails a bigger risk and it is not appropriate for everyone. I do agree that diversification is a great method to make sure you do not lose all of your money. But, when you do that in crypto, it is not the same because if X coin goes down, and the market goes down, then Y coin will go down too and you would be standing there with absolutely no protection. Diversification should be about industry, methods and things. It means, if you want to invest into stocks, do not have more than 10% of your portfolio in just one industry, and do not have more than 5% on any stock. If you want to, you could diversify as gold, stocks, bonds, crypto that way you would have 25% in all of them. When market is bad like these days though, even that won't save you too much. |
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Good resources above. However, when it comes to anything regarding legal advice, I'd recommend either speaking to a professional or going directly to your governments website which will document that legalities of cryptocurrencies in your country. Simply because there's a varying level of laws depending on the country you're from. Obviously, being in the US simplifies that a little bit as they have extensive coverage of cryptocurrencies, but also because they dominate the news, so almost every search you do on Google will apply to you.
However, still states also differ I believe, and you should probably consider taking a look at your state government website also.
Yeah, if you are doing something that is not guaranteed, then it would be wise to ask to a lawyer about it directly. People here wouldn't be able to give you a legal advice because it is a very small chance that one of us would be from the same nation as you and also be a lawyer and also expert on crypto laws all at the same time. So find one, and ask any question you want. That way it would be a lot better for you. It means that you would be able to get direct information on the latest laws, because one of the biggest jobs of a lawyer is to keep up with changing laws in your nation and they will know everything about crypto for sure. |
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If you're concerned about looking at the chart everytime then you can go for dual monitor setup, no need to buy expensive monitor you can even use a cheap 18 inch monitor or use your TV as monitor with VGA or HDMI port so you will have no difficulties.
I would say that if you could even have like different monitors for it, that would be better. That way you could get like 3 monitors that are very cheap, and that would be for your trading computer, and if you are dealing with like playing a computer game then you will be dealing with something else. That's quite good and I agree that not many people consider that as an option but I do agree with them on the point that it would be something for professional traders. Like for me, just one PC and one Monitor is enough because I do not trade that much and I am fine with the current situation, anything more than this doesn't sound like something I would need at all. |
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Binance can be trusted, but it’s not good to hold your majority assets in other exchanges.
Coming back to the OP, it’s really great to know that you have took the basics more seriously and hence earned a great profits by carefully trading the coins.
I don’t prefer trading frequently by changing the alts, as these increases the risk of getting more losses. But yes with great risks comes great profits, so if you can handle the risks then yes you are on a right path.
That great risk is something not everyone can do because not everyone can understand it. As a person who studied trading a lot, I can easily say that I rarely ever get something done correctly, and that's why I do not want to make a big scene out of this at all, and can't say that this can't be done by others, but I can easily say that not "all" people will be able to do it. This is why it's quite clear that we should be focusing a bit more towards the fact that crypto is easier to handle and I agree that it would be simpler to have a long term solution and then do something side to side with it. Like how you could have 100k invested into bitcoin for 10+ years, but also do a small trading with 5k along with that. |
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but for governments who are not pro with bitcoin, this will be a threat. The adoption of bitcoin will change all the systems they regulate and control completely. With the adoption of bitcoin they (the government) cannot exercise full control, this is the reason some governments are reluctant to adopt and only provide standard regulation for bitcoin.
The adoption of bitcoin will indeed have a positive impact, namely increasing the interest of crypto investors, but behind it will be a lot of work.
Currently bitcoin is only used as a commodity tool and is still side by side with Fiat.
only the country of el-salvador is able to fully adopt bitcoin and even continue to develop it to the point of wanting to build a Bitcoin City.
Those nations will have to learn what it means to be a crypto pro nations because they will be forced to follow the lead. If there are a lot of money to be made from taxing crypto people, any government who doesn't make it legal and taxed, will end up causing themselves heaps of headache. Everyone who "discussed" about bitcoin ended up accepting it as legal for one simple reason; they could ask for a ton of taxes from people who trade it. If you made any profit at all, you would pay a tax on that profit, government gets a share on your spoils. This is why I think that there won't be any nation left that bans crypto, eventually they will all come around. |
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Despite the volatility in the bitcoin market now, bitcoin is a good hedge against inflation, and now most of the traditional investments are broken, and people want to build wealth by owning something of value.
I do agree that the price may be low right now, but that doesn't change the fact that bitcoin will be going up against dollar a lot in the near future and when it does that it will be very profitable for all of us. That type of "imminent increase" always makes it feel like we are in a situation where it is definitely a profitable thing to hold. Inflation may have beaten us during this past few months, but it's going to lose in the long run. Just to make it clear, if you have 100k, which worths about as much as a house, then you may want to buy a house with it, but in the next 5 years, bitcoin will be more valuable than that house, or anything else you could buy with it. |
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