The same cycle will happen again. As the minting of new coins gradually comes to its endpoint, the supply of bitcoin will stop one day and then the prices of the coins will go way higher than any possible quoted price at this point of time. We may not live to see that day, but we can hope that our grandchildren will and therefore accumulate bitcoin at these prices as much as we can without hurting our current spending.

I feel we all should make it a point of buy at the lows whenever we have cash to spend instead of wasting it on beer/pizza/drugs and whatever turns you all. This is the era to invest your money if you are in your twenties and look forward to massive gains in future. Be warned that this is only applicable to bitcoin and not shitcoins.

That was a damn high price to buy some shitcoins. Who you getting advice from? If you bought them on your own, then you are seriously lacking trading skills. You never buy at a high, but you buy at low.

DOGE will see more movements if and only if that certain space millionaire makes comments bullish about it. Otherwise it is a dead coin and will remain dead for years to come, just random pump and dump happening by bagholders.

Rest metaverse tokens will do better in the upcoming year as FB/Meta makes more headlines in news, but make sure you exit at the earliest because we never know when legal crackdown on such tokens will start and then they will come crashing like anything. Because the belief behind these tokens is already fraglie, it takes just a little tap to make the buyers panic sell.

If you are looking for long term options, go for bitcoin, not metashitcoins.

I appreciate your enthusiasm but it is better suited somewhere else than IDOs. Read on.

Back in 2015 around the time I joined the forum, Ethereum had just started its use case of ICOs. Which would be similar to IPOs in stock markets but with a lot of differences which we gradually understood and suffered from.

The main gist of the entire ICO buzz was that ICOs gradually died out and investors got burnt off their money. Then in order to keep running these money-grabs, ICOs rebranded them to ITO, STO and then gradually IEO and IDO. It is basically the same shit just the wrapper is different.

The fact that decentralized exchanges are running it compared to IEOs, does not make it any better, just worse. A lot of unscrupulous money makers are ready to pounce on investors money to run their vaporware and eventually steal your money and you will have no legal framework to catch these scammers.

There are many IDO platforms, choose anyone you wish to. But take heed, this is the basic scheme of things. If you are new to cryptocurrencies, I would not suggest going to IDOs right away.

There is one genuine problem for such people which even I would face as a bitcoiner if I was in their place.

See for an average Joe earning and average income from a job, it is difficult to allocate a portion of that after cutting out necessary spending to bitcoin. They are average people and they want "safer" investments, affording a coin that is getting outlawed by some countries while in a grey area in others with the risk of getting prosecuted, bitcoin becomes a "meh" thing for them.

Besides they will never be able to enter bitcoin because as the price of a certain amount of bitcoin increases, their salary does not increase. Affording a decent amount of bitcoin with that salary is tough. So they will always be left out unless some drastic bear market starts.

It it just another day after another day. While I wish every member of the forum a Happy New Year, I dont think this changes anything with the thing I wrote above. Poor people will remain poor unless they end up risking money.

It is more of a personal choice. One certain Saturday morning this month, the market crashed to 45k from 55k and that is what started the current bearish trends. So would that not have been a good point to have bought some coins at the low?

A weekend does not necessarily mean you should not trade, it is your money and it is your choice. I am always supportive of the fact that every person needs some recreation time and if trading is a big part of your life, then you should take time out one certain days. The weekend can be just that.

Again someone might argue that opportunities should not be let gone off - but living a life without regret is also important. So trade if you wish to but it not a rule or an axiom to assume that on weekends the might might be more stagnant or sideways and not worth trading on.

The world is digitized is a wrong statement. The payment system are made digital is the correct statement. Bitcoin is one of the different modes of payment in that vast sphere. If you are trying to say that crypto will become major, then you are mistaken, both fiat and crypto will co-exist in future.

Like BHC said, we have Lightning Network and then if someone does not want to accept crypto they always have fiat.

It is easy to use, problem if that you make it difficult then it will remain difficult. The first time you learn to ride a bike, you will fall and hurt yourself. But gradually you get the hang of it.

OP is the type of account that posts new topics and does not followup replies to older topics.

The crypto sector specifically the altcoins are run on hype. Every year they need something new otherwise they cant get their cheap thrills from making quick profits. Hence they prey on the media buzz trends and begin creating vaporware based on them. Same here and therefore it becomes a bubble. Recall that Satoshi never wanted people to buy bitcoin and therefore it never became a bubble unless investors went in with inorganic buy/sell.

Now if you getting a good profit by holding those coins, by all means make the profit and exit. Dont be on the notion that if you hold then you get a much bigger return - No, that is not how the altcoins work. They work on hype and they die with the loss of hype. Hence be quick to enter and exit.

It does become a frustrating rat-race which I not my thing and I prefer to stay away, but if you ask me, there is potential to profit from the hype trend and an equal potential lose money too.

This is the second one I am coming across a similar site to get reported here and I am sure this will not be the last one masquerading as the name of Meta makes headlines in the news.

Those who are reading this, you can report the website to the domain registrar (NameSilo in this case) - this is the only thing we can do on our part other than making people aware of such scams are possible more scams in future.

If you are reading this while having visited the above site form some random telegram messages, be warned because there has been no such ICO from Meta and you will get scammed of your money.

I would not say "first crypto hub" - but it depends on what your definition of the phrase is.

The major news making theme of the current few months has been this which we have seen on El Salvador too. Point is that they are all trying to attract more and more crypto-related services which by far currently are Casinos and Exchanges and these two are the majority places to spend or buy/sell crypto from respectively.

It can be due to their government trying to get in more foreign companies to enter and start their operations just like previous such crypto-friendly nature countries have done.

I think it all boils down to being a race of who gets the major casinos in their taxation pocket.

A provably fair system.

I think the above point is a basic requirement but the most important one too. Of course a legitimate casino willing to join the market will defenitely have that, be once in a while we do get some unscrupulous chaps trying to make some quick money with scams.

After that I would go with a casino that gives importance to the customer support - if that is quick and responsive, majority of problems get solved quickly.

Data collection is never a waste of time or money. Like the Ambanis have said, "Data is the new oil"

See, you dont have to predict, but use an algorithm to collect the data. From that you make predictions on your own and see how much you can get correct. It is possible to get more than 50% correct. But the bottom line is that market moves with a lot of factors that you can possibly never complete to include in the calculation.

Hence these can only be "predictions" and therefore not "facts". Facts are 100% correct while predictions are not.

An outlier value does not splash away the data which has been collected. The power of statistics is tested here but this is not the first time you are getting outlier values, and that is why research uses statistics on a large scale.

While the first part of the statement is totally correct, the second part is equally wrong.

That would not be different from setting buy orders and sell orders on an exchange and then waiting it out, if the exchange allows that much. A bot can help but the main purpose why someone might use it is beyond this.

No.

If I am using one it will be programmed by me only. Then only I would trust it.

Bots are made to automate trades, not to make a person a millionaire. End of the day the bot functions same as what it has been programmed to do. If you ask me, then every bot is "good" if I am using the word "good" to denote whether the bot execute the program properly, then all bots will be "good". But if I say whether a program is going to give you profit, here the speculative market might not be profitable for someone's program. It will mirror the same way a trader makes profit.

FA and TA are only 50% correct, because so much of speculation happening in an unregulated market, you have to know how you can use it to your advantage and not how to predict a movement.

One thing I understand is that you have to be ready with both BTC and Fiat at all times if you want to execute some profiting trades. When the market is dropping use the Fiat to buy and when the market is rising use the BTC to sell. Now the only thing that you decide on your own is the point of selling or buying. This will depend on support and resistance levels.

If you follow what I said above, you will be able to make gross profits over large margins but it will take time. Patience is the key here. Those who bought at 19k USD at the first bitcoin ATH above 19k, were angry that the market crashed after that and tried to panic sell. Had they been holding all these years they would have got 2x gains on the price today.

The main job of tether for the average trader is a intermediary coin to hold and tide over another coin's movements while multiplying their own gain.

Say you want to buy ETH against BTC but it is a bull market and both prices are higher than normal: Sell bitcoin for USDT at high price and then hold that USDT because ETH price was high at that time - then wait till ETH prices to go bearish when you use the same amount of USDT to buy ETH, effectively multiplying the amount of ETH you get in return.

However, this means that one has to own BTC and USDT before the bear market starts, one cannot just enter the bear market and hope for similar gains.

You have to learn how to observe the changes in a chart to get a quick answer and not speculate over bear trap. The sell off was a sudden and not gradual hence my guess is that some big investor bailed hard. The rest was the market panic but not the initial process. After that the market is recovering so in my opinion it was not a bear trap. Again today the BTC price is at 49k, so there is some panic selling in the market happening.

How one defines "make it" will pinpoint the answer to this question.

As the mining of bitcoin get completed any amount of bitcoin held today will be worth a lot of money in fiat at that time. So it makes sense to accumulate more coins at lower price. Hence there will be people who want to buy at the lower price and there will be people ready to sell at higher price too.

I dont think a specific year will make sense to answer. It will take another 119years completely mine all the coins. But truely but the next decade there will astronomical prices of bitcoin.

For the bitcoin traders, recycling the money is a big part of being active in the market. Some users might have once and hit and run type trade, where they sell all at once and bail out never to look back again but I think they will eventually come back just like addicted gamblers.

But you can make a general statement that the top five from the ones with highest market cap are going to do better for the next few years unless some other coin overtakes them.

It does not mean that some random shitcoin sleeping in your wallet might suddenly go 400% - dont have those wet dreams.

Repeating the cycles as the movements start should be practiced by every trader. When you have money at hand, place orders on both sides of the market - buy at the lower and sell at the higher and then see which one gets closed.

Did you seriously think that your "investment" was actually going to come back?

Unless you know and program such bots yourself you should be careful of what you are using the bot that someone else talks about for. Sadly, youtube does not check the content of videos. Your money is lost and not coming back.

@martingalecalculator.com Edited my post, I was indeed checking another topic and mistook the title. Thanks for reminding me. What they have said is likely what has happened.

You have to do some background research here. If the coins you had bought - what was the reason for buying them? Did someone tell you to do so or did you just the gun and bought them because you thought them to be fancy?

This is a good time to look back at that scenario. If you have bought them out of impulse, even down trend of that coin will give you pain. If you have bought them because you geuninely believe that it is going to be big, you will not have problems in hodling them.

If you are getting profits, the logical thing to do with altcoins is to book the profit and exit. Altcoins are never the material for long term holding, that is always bitcoin and if you are having doubts, check the bitcoin charts.

The main tactic is to scare the people and then sell them something that you made up calling that to be the saviour. That is how a person who writes books about getting rich actually gets rich, by selling the book not by reading what they just wrote.

Point is that many people actually take their advice and these people eventually gain a large following. This following if used properly, can be used to generate a lot of market demand for something useful but they use it for their own personal gains.

Unless someone understands this, you will not be able to stop them from following "self-proclaimed gurus". But you can try to point out fallacies and illogical facts in their statements for a start.

You learnt a lesson but you interpreted in wrongly.

The thing to note is that bitcoin is still cheap at this price comparing to what it can become in the next 120 years once all the coins are mined. But the question remains whether you will survive that long and see that price and live longer enough to sell then and enjoy the profits. While I wish you good health and that you do see such days with a big family, I know myself that it is difficult to say.

Remember that living a life without regrets is more important than saving an asset. Possible that you needed money at times and you had to sell, this is true for any future bitcoin investor too. It does not mean you are doing a wrong thing, you are doing what is necessary to survive.

Also a reason why I suggest newbies to keep a stable fiat source of earning while trading bitcoin on a side - you have a source of money to rely on when in dire need.