Do you think Elon Musk is one of those who will push the price of bitcoin up to reach 100k$ each when the bull run comes? Your opinion is much appreciated  Until now, I still haven't believed if Elon Musk didn't sell his bitcoin, because he is a businessman very well knows how to manage money. I believe he sold out his bitcoin at ATH $60K because at that time his wealth increased significantly. So, if someone still follows what he bought, no, open your mind now, and move on it asap, he is very good to affect you. we don't know elon's business strategy and i guess its hard for everyone to guess but i think he can do anything with his money and his mind. just like the doge who once amazed people, until finally dumped, and there are still many people who are entrusted with hopes that are not necessarily true. I think whoever is influential and has money can move the market according to his wishes |
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~ We all know that China has a total ban on cryptocurrencies, including but not limited to no mining, no circulation, no trading, no banking services, no listing on exchanges.
What do you think countries have to lose by making this choice?
China has blocked a lot of things besides Bitcoin/Cryptocurrency. Call it popular search engines like Google, social media like Whatsapp, Facebook, even TikTok, which is known as a social media made in China. And they never worry about that, because they already have something to replace all that things. I'm sure they've thought about the impact of a ban on Cryptocurrency activities. With their technology and economic strategy, it seems that China has nothing to lose by banning all Cryptocurrency. when viewed from its function, bitcoin has not affected international relations, for example bitcoin as a legal tender for export-import activities, I think China will suffer losses, because China has trade relations in almost all countries in the world. On the other hand, of course, China has taken this into account in the economic development of their country, and so far it seems that it does not interfere with economic activities in that country |
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There is one big difference between Bitcoin in 2022 vs 2018 because if you have noticed the market behavior from the beginning of this year, Bitcoin has been on a dump trend since the start of this year and if care is not taken, that dump situation will continue all through the year. But in 2018 reverse was the case even though there were points when Bitcoin dump heavily but it quickly rebounds back not unlike the 2022 situation where the end is not visible unless if the upcoming bitcoin halving will change the price situation of Bitcoin but even that investors will have to wait for some time before any significant change will happen to Bitcoin price.
in 2022, there are already many people who can understand the market, so they will still wait to buy it, it is different in 2018 where not many people understand, we can see that every big news will affect price movements, this cannot be separated from the psychology of the traders as a whole. In the past, creating FOMO seemed very easy and the results were visible, but now many people are waiting for the price to buy in the area according to their respective analysis. |
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Everyone approach the market differently using different indicators, techniques, strategies and trend detectors. I tried comparing crypto trading and our every day business. People in our commercial markets keep their profit realistic. For every commodity displayed the have a fixed price attached to them and even if the give buyers the opportunity to bargain the always have a fixed price the will never sell below. This regular business individuals also experience loss but because of their consistency and realistic profit margin their profit cover-up for their losses.
Comparing this to crypto trading many traders have good strategy. Some see good profit but fail to take them because the expect something bigger. If crypto traders can use the business mindset on their analysis the ratio of their profit to loss percentage will be so large. A business person keeps their greed out of their business because the know if their price get unaffordable they might lose their customers. If crypto traders have a price the expect from every trade we will have more profit than losses.
Crypto trading isn't a get rich scheme. Some days can be very profitable while some days might be terrible. The good days should be appreciated, the bad days welcomed and because everyday isn't profitable having a good profit plan for everyday trade helps save the profit and limit the losses. The first step is having a working strategy and after that is knowing the limit of your strategy. No matter how good a traders strategy appears there is always a limit it can't exceed. Not because those strategies aren't reliable but because the market varies and no single model trained can make accurate prediction in all market situation. Each of them have their strength and limitations
At first, the mistake for newcomers to the crypto world was that they thought that by joining, they would get rich quick, because they knew from the news that there was always a positive side to the crypto world. greed and ambition will actually destroy concentration so that what happens is the opposite of our expectations. there are many projects here that always give hope that will never come, but we must be able to think realistically that in trading we must have a clear portfolio of risk taking and logical rewards |
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I've kept some of my coins on Binance for like three years and I haven't lost any. However, I knew what I was getting myself into by doing so, they could've locked my account for any reason and could've ended up losing my assets. I think some of us are addicted to convenience even we know the risk. Those who stick to " not your keys not your coins " rule are usually people who've had a bad experience and have lost a lot of money by trusting a third party.
We like being convenient and that gives us confidence that our funds are safe in an exchange like Binance. But we all know that there should be some thoughts from us despite having that trust and confidence from them. If we have no intention of trading there for so long, it's better to keep the funds into a hardware wallet. Binance is a good and reliable exchange but will still need to be very careful not to put out coins in an exchange that could be hacked or our account ending up being hacked. Yes, Binance was once hacked but the team was able to refund customers money because I think they were very reliable. Not your key not your fund is the advise to every investors that has coin on an exchange to be very careful the way they leave their funds on exchanges because anything that happens to the exchange will affect customers too. indeed until now binance is still the most trusted exchange, we know their responsibility when hacked, but I personally am still worried if I put funds in the long term on an exchange, considering that we do not fully control the security, this is only for anticipate the possibility of undesirable future. In the crypto world anything can happen, such as the Luna coin, which previously no one expected that tragedy would occur |
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Which coin will be ready to buy. It is time to dump the all coin. Can you expect the market to do something good in september. What do you say.
September is over and we are currently in October but the market has not shown any signs of rising prices. In the current bear market situation it is difficult to buy coins other than bitcoin because altcoin prices tend to continue to decline. The thing that can be done in a bear market situation like today is to hold on to the assets we have while waiting for the market to rise to be sold. everyone has their own view of the market, but many predict it wrong, and that is something that is natural. I agree with your opinion that now is a good time to invest in trusted coins, or we can add some top altcoins like eth and bnb to get more profit. actually there is nothing to worry about, if we have bought it, we just have to wait for the bullish season to come, and it takes patience because no one knows when that time will come. |
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In this case bitcoin is still the main reason about the price of ETH is still declining, so in this case we need patience to wait for market developments to occur again, even though the current decline has been going on for quite a long time but everything needs a process to return to be able to reach a new ATH for each coin, so the most important thing right now is that we must continue to monitor every movement of the coin and must be able to make every decision in order to take advantage of the state of the market bear to be able to make a profit.
during a bearish season like this time, bitcoin becomes a parameter for all altcoins in their development, because many say that bitcoin is the mother of altcoins, so it is like a chick following its mother where its mother goes. so we don't need to worry too much about this, and of course many of the altcoins are experiencing extreme decline, this can be a selection of residents who can survive later, but it will be different for eth which gets a lot of trust, then of course it can survive and reach ath new later |
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(....)
What stops us the most from becoming master traders?
Risk management and controlling our emotions. We should always think that capital preservation is a must, as long as we have capital, we can still continue to trade. So it is really important to protect our capital because there are still always lot of opportunity to open a trade in the future, not all of the time it's good to trade. This is also why many traders are not risk taker, they are trading moderately and waiting for the right moment. This doesn’t mean that they are not good in trading but maybe, they just don’t want to get too much exposure in the market. Every trader have their own strategy, some don’t have much time to spend in the market while some are already a full time trader, your education is still a good source of prior knowledge, you just need to improve it. by waiting for the right time and making trades, indeed it is his style to do according to his strategy by considering several aspects and waiting for the right moment to trade. indeed the most difficult thing is waiting for the market to enter our buying area, and it is a tedious time for most people, but for moderate traders, that is the rule that must be obeyed to make a profit. |
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day trading in cryptocurrencies belongs to the aggressive category. and of course there will be a greater risk. Do you understand that in daily trading, psychology is actually the most influential in determining trading success. that's why no matter how long we study but if we can't control ourselves, it will be difficult to survive in the market, and of course maybe you are more suitable for long-term investments, and all of that comes back to each person's trading style
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With time the increasing usage of cryptocurrency and acceptance will let the kids learn of their own. Just think of the traditional currency used. No one teach them how it need to be spend and used. Everything they learn out of their parents using it, same way usage of cryptocurrencies will be learnt by them.
Yeah! the cryptocurrencies are too complex if you put them in today in school rather it should be just enough to have a course for whoever wants to learn it. More likely the children will just gonna get bored with it because they still don't understand it well. right now, it is not befitting for schools but good for colleges and some groups that wanted to further expand the popularity of cryptocurrencies, they can conduct free seminars and make them open to all. I think today's children will be smarter to keep up with the times to learn about cryptocurrencies, just like digital money which is currently widely used in my country, without formal education many people can use it. I think because it can be used legally in a country, but I think what is taught in formal education is from a business perspective, because crypto can make money if we have knowledge about it |
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The strong global economic impact made the price of Bitcoin also affected,
we know for ourselves that the global economy is still in a problematic condition and this is certainly not easy,
Inflation occurs everywhere and this makes all markets affected
We don't know how long this bad state of the world economy will last, due to the increase in inflation, people's daily expenses are increasing due to which people are losing interest in investing. It is normal that inflation will affect the market. And as a result, people's living expenses will continue to increase day by day. On the other hand, other currencies are dumping heavily against the dollar, so there is a possibility that normal people may be attracted to Bitcoin to keep their money valued against the dollar. Inflation is indeed a scourge for fiat currencies, where for employees I feel that I must be able to manage finances to stay alive, with salaries that do not increase and prices of necessities soar. therefore lucky I know bitcoin, at least gain knowledge and earn income by investing, unfortunately property prices are now very expensive so I have to wait for income to buy them, given the minimal risk for the long term, so my savings continue to grow, even though silence |
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If we have a positive vision in the future, the thing we have to do is saving, whatever economic and financial conditions, we must be able to focus on saving, besides saving, of course a good thing is investing, with investing, we are like planting trees that continue to grow.
Saving is important - be it inflation or the normal life. Having emergency fund is very important . . trouble and bad luck comes uninvited. You never know what is going to happen in the next minute. Sometime of professional or personal life changes in a jiffy So better be prepared! Always saving is the best you invest, in investing we can divide it into several areas of investment, with different levels of risk. it looks like gold, bitcoin and property. both have different levels of risk, so they can support each other, by dividing it into several levels of risk, investment stability will be maintained and of course psychologically stable. that way we can actually do other activities and our savings continue to grow |
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the fact is that social media is now a place of online business and is almost dominated by women who sell their products, they can still earn money without having to leave their responsibilities as wives, but there are still many who use it as social media in general.
It becomes a trend during pandemic that sellers mostly update their item thru social media to attract more buyers. Thats why facebook marketplace also added. Since everything now can do online from contacting buyer, paying thru online and booking delivery is now easy, it is better to expand selling knowing there are plenty of social platform we can use and we can attract buyers or investors when we sell items a d services. And its free unlike other platforms that deduct commission in every sale. starting from the 2019 covid pandemic, where human movement space is limited, so the online system is growing rapidly, this is like a change in human habits in terms of looking for finance. it will be very easy for those who are at home to market a product until it reaches the buyer. until finally even though the pandemic is over, online business has become a new culture and will continue to grow |
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When you die and nobody knows your private key then your bitcon is gone, no matter how many bitcoin you are having all is gone, so it's better you secure your private key in a place where it can be seen after your death, so that your bitcoin won't just remain in your wallet forever, I know this have happened to lot's of people, most of them won't back up their private key where their relatives will be able to see it, some people's relatives don't even know they are having bitcoin in their wallet, why some people's relatives don't really know about bitcoin, so if you die then your bitcoin is wasted because it will remain in wallet forever and it won't be accessible. Bitcoin is not lost just because someone can no longer access the wallet, it just stays forever on the blockchain without being able to be moved. Bitcoins are not stored in a wallet, so your wallet only provides a private key to transfer the bitcoin to your other bitcoin address. One might have to think about having a backup of his wallet file [private key or seed] and securing it somewhere. Bitcoin can be inherited, there are several ways to do it and I think that could be considered. But if someone doesn't do it before his death, then of course the bitcoin will forever be stored on the blockchain. this is the main problem for us to lose assets in cryptocurrencies, where the private key is the main key to open assets, at least we tell someone closest to us to know where our files store assets. that way the assets we have can be useful for our families. I don't think anyone has been able to open a wallet without the owner's private key, even phishing requires an access process to get the private key, not looking for it yourself to get it |
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I know guys it's silly question but I was wondering that wether how people got in to bot oinnand other cryptocurrency.
My case is that in 2017 I heard in news that Bitcoin that is a digital cryptocurrency Crossed real gold for the First time. At that time it's price was above 1000 dollars. And that git me interested and I want to know more about crypto and now I am here and I making post 😁
it's the same with me where 2017 was the first time I heard about bitcoin, and that's because a friend told me to try it. At the beginning I found it difficult to understand it, but with notifications from friends and learning on bitcointalk, I gradually understood about cryptocurrencies to get income from the crypto world. I don't deny that money is the main orientation in joining bitcoin |
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There will always a pros and cons regarding this.
Especially the volatile thing that ones taking advantage on it while the other like the newcomer who don't really understand how this thing work could become a victim of these what so called 'volatile' ... they might consider it as a 'disaster' once they got themselves trapped and in a huge loss.
Just let it be , bitcoin being stable is the odd & worst idea that crypto enthusiasts might heard.
what really makes bitcoin interesting is its fluctuation, with so many stories of people getting rich in an instant, so it attracts a lot of newcomers to the crypto world. Unfortunately, most of these people are oriented to hope for profit in a short time, but in the end they are disappointed, because they themselves prioritize their ambitions, not their knowledge. therefore it will not be interesting if bitcoin will be stable, if it is possible to reduce volatility, it might happen, when most countries have adopted it legally |
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<snip>
How's your experience using their service? Did you have any profit? I do not use any, and I think I won't use any of it. First, because I think it is not reliable. I mean, before you use any, make sure that you know exactly every algorithm of the bot that you are buying. Second, trading bots are too expensive, do you think it is even worthy to purchase one? Of you're a risky person, it's fine, but if you do not have a lot of extra money, I would suggest you to keep out of it. bots work according to the orders that make them while the market doesn't seem to be controlled by anyone, so bots will only work at certain times and we must be able to master it. Of course, we cannot depend entirely on bots, the best thing is to learn the manual even though it requires a long process until in the end we can trade at any time with our own strength. Moreover, many bot sales are actually misused using the pyramid system, and members of the bottom are the victims |
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What you are saying is true other than that if someone wants to trade leverage he must really know the risks and have to learn first,
however it is important to consider first because leverage trading is not easy
Leverage trading needs not only basic knowledge but also knowledge and ability to do more, analyze more, accept more risks, consider the right decision at the right time, able to control emotion, able to make the right management of the funds. Trading with leverage is complex and may not be suitable moreover for newbies. Although we have been learning many times, if we cannot control ourselves in leverage trading, this will mean nothing and is too risky to hold. Leverage trading requires psychological conditions, of course this is not suitable for beginners, but if you want to do it, choose leverage starting from the smallest first. The most dangerous thing is if you choose a large leverage, then greed and not doing a cutloss in certain situations will approach, so that we are trapped in a large floating situation and finally it is possible to make a cutloss with big losses due to panic selling. |
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the merge is overrated, and the rumour already makes the value increase quite high even in the middle of corrections trend, I think if eth eventually goes back following the trend again and didn't became independent against btc it's normal. but we might see some really huge increase once the bullrun finally comes in, maybe with the merge it could further become the thing that helps eth increase its value arond the bullish even further than before the merge.
if the merger creates a positive sentiment on the market, especially for investors, this will also have a good impact on the development of ethereum. especially in terms of trust, ethereum tends to be the most worthy altcoin to invest in than other altcoins, of course there will be parties who take advantage of the moment to make it fall and buy it themselves to get the desired profit |
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