SBF was typical a troller. that tweet has been revealing his true nature since what happened with so many users of FTX (include me) and he can still try to create such troll tweet like nothing happened. I hope that guy will be jailed soon along with alameda ceo.
that shitty guy must be brought to the court as soon as possible. there's something wrong happened with him. i believe.
Sorry to hear this mate. It really pains me that the dude didn't want to take accountability for what he has caused so many people. You see that's why I would use exchanges that are mostly regulated and follow security measures to be just in case, 80% safe |
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Are you collecting low cap altcoins for the bull market? It sounds like you think low cap altcoins can easily make 100x profits. I don't think so and even if the supply of a good quality project is high then you will get good profit there. Many new investors tend to follow supply more. You should know that there are many low-cap altcoins that can't even sail the market in bull seas.
If I'm to say, is best you go for coins that have good utilities and great community backup. These are the things that can boost a coin to 100x or 50x maybe |
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Scam, death both have in altcoins market so why you want investing altcoins?
My opinion buy dip and sold faster on some profits like to be best revenge for all altcoins investors!
What's your skills and opinion?
As much as we don't like altcoins, we can't dispute the fact that some altcoins have given people a lot of money. Now Sol as of before it crashed was below $100 those who bought earlier made a whole lot before the incident that led to Solana's crash. What about those coins below $1? They seem to give good out of profit too like BGB. The only issue is that we don't do proper research on coins to buy. We rather go for hyped coins than do the in-depth research ourselves that's why most people get rekt |
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Having knowledge of basic security when using the internet is really a must especially if your money is stored online like cryptocurrencies.
Another thing is even though we know that nowhere is safe even though centralized exchange is reputable, we really still need to protect our funds by avoiding storing your cryptocurrencies on the exchange, you can create your personal wallet.
Another thing is having knowledge abut scams/hacks just like identifying phishing sites or some scams, it is really helpful.
I believe you. In everything we do, if we lack knowledge of such things, there is no way we will be able to succeed in such things. The most important thing in this industry we found ourselves in today is the knowledge that is involved in the crypto space, and I think that's the only way we can manage it and store our funds without getting involved in any scams or anything else that will affect our money that's already invested in except the market. The reason why I excluded the market is that it is the only thing I think will affect us or get us panicked after we make sure we store our funds safely. However, all these issues of how to fish out scams and hackers may come later, which could be even easier for us to identify if we know this crypto space. The knowledge we have will help us easily identify anything that is a scam, and we will be able to manage any problem that comes our way and have a solution to it quickly. Interesting say there! Knowledge is indeed crucial. We need to study and know what is going on around us. And also the response that the exchanges make quantifies the reasoning if they should still be categorised as good or bad. Have these exchanges improved on what caused the last hack? Did they compensate their users? How long did they notice that something phishing happened? Little questions like this matter in every aspect |
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I typically store my assets in a hardware wallet, a cold wallet... I really don't feel secure leaving my assets on centralized exchanges, especially after the FTX incident. Web3 wallets are also vulnerable, especially if you're actively trading; it's possible that your assets could be at risk in the event of a hack. However, those who frequently trade tend to stick with familiar platforms and exercise caution when dealing with new ones.
Yes. We need exchanges to trade that is the reason we need to be careful about what and where to put our money. Everyone needs a hardware wallet at some point. We could say, that is our decentralised bank where we occasionally want to save our money but if we want to make more money, we need an exchange |
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The current state of the Bitcoin market can be summarized in one or two sentences. Everyone is waiting for the bull market, but nobody is buying, because they are waiting for the price to drop even further, before the bull run comes. This might sound ridiculous, but it's true. BTC trading volumes have dropped down, because the army of Bitcoin HODLers have increased and the army of Bitcoin day traders have decreased in size. On the other hand, the lack of big trading volume and liquidity on the market is what stops the bull run from coming. Everyone is waiting for the bull run, but the bull run isn't coming because nobody is buying.  Sometimes Bitcoin/crypto can be really absurd. Yes! I once saw someone posting how spot traders didn't make a move when he was sharing his volume data and that until there is enough volume then we might move to the upside. Looking at my chat this morning I saw that Bitcoin has been gradually moving up bit by bit although I got it at the range of 26k with the strategy I mentioned in my post. Maybe when it gets to 28k then I sell.. Ps: I have some I am holding. I need to diversify to have more dollars on me |
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The question about Bitcoin's current state keeps surfacing on the internet, and here's my perspective on it. I believe that Bitcoin is currently experiencing a significant bearish phase. This might come as a surprise, considering its widespread popularity, but when we delve into essential data points, it becomes apparent that some of the optimism surrounding its future is unravelling.
To provide context, when we look at Bitcoin's historical performance, we would expect periods of surges followed by normalization, fostering sustainable long-term growth. However, the reality differs. A close examination of monthly trading activity data from the beginning of 2018 reveals a consistent year-over-year decline in Bitcoin's trading activity for at least five years.
For instance, in September of this year, Bitcoin's trading activity was 68.6% lower compared to the same month the previous year. Over the past two years, it has seen a more moderate decrease of 54.8%. Yet, when compared to three years ago, it has declined by 68.9%, and compared to five years ago, it has plummeted by a substantial 86.1%. The overall trend is unequivocal: trading activity is on a steady decline, and Bitcoin's price significantly relies on the optimism of traders. Acknowledging these trends is essential. This is what some people believe.
However, I hold the view that Bitcoin's price is primarily driven by sentiment. Whether we accept it or not, it's our sentiment that propels Bitcoin's price, not technical analysis. Technical analysis only comes into play when we need to determine the price range for our next buying or selling decision.
I've observed that many people employ various strategies to accumulate Bitcoin during this prevailing bearish phase, such as the widely recognized DCA (Dollar-Cost Averaging) and Dual Investment (I often discuss these together because they complement each other). Some opt for Smart Trend, while a significant number engage in trading Bitcoin on futures contracts.
Everyone has their approach in anticipation of a potential Bitcoin surge in the near future. However, we should also consider how long everyone can wait for this expected turnaround. It's commonly suggested that next year will be fundamentally positive for Bitcoin, but what if price manipulation, like the dynamics of price ranging for several days getting to weeks seen this month during "Uptober," comes into play with no significant direction on where price would go but a mere indecisive action that can lead to manipulation and sweep traders who either long or short
So, what is your perspective: Do you believe we are currently in a bear market, or is this merely a manipulation to discourage some individuals from Bitcoin?
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You said it right; it seems that the theory is different from the actual, if that's what you mean. Because of my experience, the lesson is easy, but applying what has been studied is the difficult part, and it cannot be easily understood.
That's why those who have experience in actual trade are better able to understand compared to those who are just studying trading.
Then 2 years passed before I had a deep understanding of reading the trading chart, or s graph, to be honest, because it is not easy to understand based on what I have been through here.
Basically all work is not easy, because everyone needs to learn slowly and keep doing it so that we can get used to what we do so that things that at first seem so difficult become easier due to the habit of doing them. That's why I don't think that trading is an easy job, because there are probably a lot of people who have the capital to trade. But not all of them can read trading charts correctly so some people still have to deepen this knowledge in order to get luck when trading, because cash alone will not be enough to make a profit if there is still very little knowledge about trading. I never believe in luck. Trading is not an easy thing to do because there is a lot of learning that has to be done beforehand and it takes a long process or time for us to learn, but that doesn't mean this is something that can't be done by everyone because basically trading is for people who want to learn. In my opinion, time is uncertain because people's capacity and learning will be different so there are some things that can be done quickly or vice versa, but what is certain is that if the person is willing to learn then I am sure they will be able to trade well and correctly, and this must be underlined. is that profit and loss are normal and normal things that happen, no matter how good a person is at trading, they will definitely experience these two things. I agree. These days, the basics of trading are already there for us to know. Now how to deep dive into the main trade is where people get to find it difficult or maybe thinking they're missing out. I won't say I have mastered trading either, but the tactics I use are mostly using passive income bots like smart trend and snowball to keep my portfolio active while I keep learning |
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Trading is a lifetime skill that is always beneficial if you know what you are doing, the biggest mistake of traders is trading alt that most times doesn't obey market structure,
when it comes to cryptocurrency, trade only Bitcoin.
Bitcoin doesn't just give you profit, it gives you security, it obeys market structure, for the past 2yrs I have been trading, I only have losess only when I trading Alt, price action trading I utilize will trading always gives me result when trading Bitcoin, but when it comes to Alt I really do feel as if am gambling, so my fellow traders, trade only Bitcoin, I don't know if anyone feel the same way?
Is pleasing to know that even those who trade alts use BTC to have a guideline to know when to trade. What I do mostly is predict price movement the use Sniper Range to short or long if I get it right, it's a double reward for me |
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I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?
Trading on your own is good but if you feel you need more guidance and looking at different strategies you could hone to achieve this then you can try this copy trading platform reviewed by Coin Bureau https://www.coinbureau.com/review/bitget-copy-trading-review/ |
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If you ever catch yourself hurrying to make a trade – Pause.
If you become irritable when someone interrupts you as you analyze your investments – Pause.
If you're consumed by doubts about whether buying or selling is the right move – Pause.
If emotions start to dominate your decision-making – Pause.
Generally, I think for those that trade the future on some of this CEX, yeah, it's not very wise to rush to enter a position when you are not very sure of your prediction. Apart from those future traders, those who are buying low and selling high can take advantage of diving into the market the moment they feel they have a better chance to buy at a very low price, which I don't see anything wrong with. For example, if the Bitcoin price drops to $22k, most people will buy without caring if it will fall below that or not, and even if it does, they will not lose anything as long as they hold on to their asset. Well, analyzing the crypto market requires one to be focused and concentrated, because the moment someone cuts your focus, you will get easily distracted, which can contribute to your loss. You know that the crypto market is very dynamic and volatile; for example, this minute you can see Bitcoin at $27,500 and next minute you will see it at $28,800, so one needs to be focused, and you could get irritated if someone keeps distracting you. I think that if a trader keeps having a tough time making decisions about whether to sell or buy, then it's better to just take a break. Many traders often make things harder for themselves. Take, for example, the beginning of this month when everyone was optimistic about Bitcoin's potential to surge during "Uptober." It began well. As a trader, it's essential to understand the typical levels where prices might retrace. You don't need to be entirely accurate, but sticking to your strategy is what truly matters. For investors, it's about knowing your next selling and buying points. It might sound simple, yet we tend to chase every trend. When we comprehend the market's sentiment, we should also know how to approach it. |
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OP, you have done well to bring up this information here and it will really help newbies and those who haven't bought bitcoin yet. I will prefer the regular DCA method because this is the best way one can keep on accumulating more bitcoin, in order to increase his bitcoin portfolio gradually. DCA doesn't bother about the price of bitcoin at that moment either it is pumping or dumping because it is a continuous process and you are investing for a long period of time, maybe 8-10 years. Buying at the dip is also good but the disadvantage is that one have to wait till the price dips and at that time you might have spent the funds that you budgeted down for buying at the dip, which will lead to regrets at the end of the day. What matters is for you to have a proper plan of amount that you will assign for regular DCA based on your income. DCA approach is the best strategy for beginners, but if you have accumulated up to your target amount of bitcoin, then you can consider buying at the dip as a good strategy. Patience is the key to long term investment and DCA helps you accumulate with ease.
The best part in accumulating is actually when market is showing it is at a discount price. There I already use the strategy I have mentioned before to buy and then set when to sell. Honestly, there a several means to reduce stress in this market period |
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We have to imagine some life mystery as we are living, have you asked yourself of investment profit and investment loss. The mystery is behind the both when it occurs. Right now I'm thinking to myself of my investment and if only investment i have is bitcoin, and when I'm no more who will manage my bitcoin investment and how will my family know about my bitcoin investment, when I was ill, I was asking myself series of questions in my mind.
> should I show my family my seed phrase ?
> If I die who will take over my bitcoin since nobody knows my seed phrase?
So I'm asking if it will be good to show any of your family person your seed phrase or should we keep having the secret of your seed phrase personal.
You are more familiar with your family members, so you know whom you trust the most. When it comes to sharing sensitive information like your seed phrase, it's essential to exercise caution. However, some exchanges provide an extra layer of security by requiring both a login password and a funding password. Sharing only the funding password with a trusted individual may be a safer option. As long as you have control over your phone, the risk of unauthorized access is minimal. Nevertheless, always be vigilant and selective when sharing such critical information. |
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I've noticed a topic in the Bitcoin discussion. I was encouraged by reading the Topic, I thought if anyone would benefit financially from me. Instead of buying an iPhone, if one invests in Bitcoin, his future will be bright. Now if someone invests in Bitcoin with the same amount of money to buy an iPhone, it is expected that in 2-4 years he will be able to buy 1 iPhone with the investment profit. Also, Bitcoin halving in 2024, investment during this time can be very profitable. With that in mind, I suggested buying bitcoins instead of buying iPhones in my local thread. I searched among my friends to see if anyone would buy an iPhone, finally one of my close friends lives in my country's capital. Working in a good company and getting salary of $500 per month. Buying that friend's iPhone is easy. He came to visit my house a few days ago. My friend had a $200 normal phone, one time I talked to him he said he was going to buy an iPhone 15. I can't knowingly recommend my friend to buy an iPhone. I got good knowledge about Bitcoin, I suggested my friend to invest in Bitcoin thinking about his future development. Given all the ideas about Bitcoin, my friend at one point decided to invest in Bitcoin instead of buying an iPhone. Suggested my friend to invest in Bitcoin by following DCA. My friend bought $200 worth of bitcoins for the first time. It will try to gradually increase its investment growth. It's not a bad idea, but I hope you mentioned to your friend that Bitcoin might not experience an immediate price surge as he imagines. He could be calculating his potential gains based on your input, but he should understand that patience is essential to achieve his goals. If he's inclined towards trading, he could also consider using the Sniper Range strategy to potentially earn more profits and then consider Dollar-Cost Averaging (DCA) for a longer-term approach. |
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I have noticed something about some people in this forum...
Why is it that everytime a newbie shows his or her interest in trading Bitcoin, some people will always try to discourage the newbie? You see them saying things like “Bitcoin trading is not for newbies”
None of us here was born a professional trader, fact is that we all had to start from somewhere. We were all once a newbie, until we started learning and putting in the work.
So when you see a newbie ask for advice on how to start up on their journey in Bitcoin trading, don't try to discourage them, rather give them advice on how they can start, and also let them be aware of the risks and how to avoid it. If we must grow the community, then we have to learn to encourage everyone to get along, and not try to discourage them.
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Thanks.
Yeah, I understand your pain. I have seen someone here in this forum discouraging someone from trading. It's really bad but you wouldn't give up either way. Don't let others define you. First what you do is find the basic places you could learn about trading ( some exchanges offer such knowledge) then you can read books and maybe try copy trading if you want |
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To accumulate Bitcoin better, you must have good finance and good personal financial management for yourself, your family and your investment. Your investment should come to like your last priority because you and your family must survive, live well first. If you have good job(s), good income, you can have more source of capital for investment after using part of your income for necessary expense and surely have money for emergency. After you have fund, best strategy is Dollar Cost Averaging (DCA) with which you will make accumulation without emotion and you will be less affected by psychology cycle of market. Even so, he can use Dual Investment. This strategy is easy to implement with no stress. Works more like DCA but the advanced version of it where you can set when to sell or buy automatically |
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If Bitget can accomplish that, it would be fantastic. They might be succeeding in both CEX and DEX products, but I still have concerns about their DEX product's operational capability.
They do indeed. The exchange has taken significant measures to enhance its security. All five listed factors are successfully implemented. In my research, I haven't encountered anyone complaining or having issues with their DEX product either. Their security measures appear to be robust and I hope they keep up with it. |
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If government should let their site get hacked easily without doing something about it or improving their security. Then the nation should be ready for something not pleasant coming |
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is there any safe ways out there to get 10-15 % ANY return rate ?
as far as banks i noticed maximum 5 %
crypto exchanges upto 15 % - but are they safe to put money there ? like nexo , kucoin ?
Haha, you might want to check out this post about getting secured with both dex and cex. So you know how to start your journey https://bitcointalk.org/index.php?topic=5469814.msg62971784#msg62971784 |
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Source: https://www.thestreet.com/crypto/markets/ex-girlfriend-says-sam-bankman-fried-ftx-founder-illegally-manipulated-bitcoin-priceIn her testimony, Caroline Ellison made numerous bombshell criminal accusations about SBF’s time at FTX. Taking the stand in the closely-watched trail over alleged fraud by Sam Bankman-Fried and collapsed crypto exchange FTX, former Alameda CEO and Bankman-Fried’s ex-girlfriend Caroline Ellison made several dramatic accusations about crimes committed by the disgraced crypto mogul and the wider team under his watch. “She said Sam conspired with her (on) a plan to keep the bitcoin price under $20,000, literal price manipulation,” Aaron Arnold said, referring to part of the testimony in which Ellison produced a document that read “Keep selling BTC if it’s over $20k.” I was reading through some news article today and saw this headline that caught my attention which brought about this thought (the title of the thread; Can centralized exchanges, institutional investors or whales, hinder or halt the growth of Bitcoin?) If what Caroline Ellison said is true then how successful was Sam Bankman-Fried in keeping the price below $20,000? I believe we have to ask ourselves this question because if SBF was successful at doing this it means others might want to try it for their selfish benefits in the future and again that's my problem with centralized services, they want to manipulate everything so they can make the most profits from the market. We shouldn't be trusting or patronizing centralized service because we're giving them more power when we do this. If FTX was able to manipulate the price of Bitcoin, only God knows what Cz is doing over there at Binance Exchange. If so, then all these companies stacking Bitcoin can make it pump too. I don't believe this, the reason BTC fell so hard was because of fear. People kept selling in other to avoid getting sink along with the ship. Not all cex has time manipulating their users funds like FTX did |
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