It may not be felt yet by those living in developed countries but for those who are living in developing countries, the financial crisis is already happening due to rising prices of basic commodities but just the same amount of income which results to a shortage that's why one should not only have a single source of income especially if one is working for a company because anytime it can go bankrupt especially in times like this when there is a financial crisis. This may be the time when cryptocurrency would be more attractive to invest in since they can already see the effects of inflation and cryptocurrency is deflationary.

Multiple source of income is ideal and it shouldn't be just about investing in traditional markets because when I observed what is happening now like in stocks, their portfolio is bleeding so an investment in business or real estate wherein one has a fixed source of income is good hedge in times of financial crisis. Perhaps, an investment in cryptocurrencies is an ideal hedge as well.

Panic selling would mean that whatever price the buyer is willing to buy it then he would sell it and he doesn't care how much of a loss he will be going to incur a long as he can let go of the coin. There are many reasons why some people panic sell may it be because of a recent news that causes him to sell because he is afraid that the price go lower or he just saw a big red candle in the chart and think that there is something going down that's why the price drop dramatically.


Unfortunately when you are a newbie in trading then you tend to give in to your emotions because at the time you bought the coin, you don't have a trading plan which is basically just gambling because you don't know when to sell may it be to take profit or stop your losses that's why many are panic selling even though you should be doing the opposite which is buying.

Market is manipulated by whales not just the crypto market but the traditional market as well. They manipulate it not just in terms of accumulating with small amounts and then dump it when the price goes higher but they are the one handling the media and news as well so that they can time when they wanted to release a news to help them make the price higher or they want to make it lower to buy more.


They wouldn't disappear because whales are always there and besides, for every market, there is a market maker so that the coin would always have a volume and keep the market active. These price manipulation is tackled by one of the youtubers who is datadash and explain the different kinds of manipulation. You can watch it here https://www.youtube.com/watch?v=If8ZM8GkThg&t=8s

There are already countries that are recognizing cryptocurrencies legally and some are on the process of it but some are still firm with their decision not to let its countrymen use crypto because of the risk that they might use it in illegal means so we cannot do something about it. It may take some time for all the countries to recognize it but it will eventually happen when majority of the countries make it legal so the minority that is left wouldn't want to be left behind so they will legalize it. It may happen after a few years or decades.

You're right. It is simply figuring out that if the price went down after you bought it then it would mean your decision to buy it was wrong so its time to accept it and sell it at a loss if it reach the price you are comfortable selling with. The problem with some traders especially newbies is that they keep holding on hoping for a bounce and then if the price is too low already like half of the value is left and they see another trading opportunity then that's the time they sell it and buy another coin.

The cycle would be never-ending unless you learn from your mistake and have a trading plan next time or until such time the trader's capital is already exhausted if he would not learn from his mistake always chasing trades.

In this bear market, we have seen some coins that has plunge so much and it seems that it will be having a hard time to go back up again. If you become a bag holder of a coin and just holding strong to your coin because you believe that it will go back up again someday then you might want to think again if it is really worth it to hold it or sell it at a loss to find another opportunity. Many people would advice to not sell at a loss because it will go back up again anyway so why sell it? Here are some of the reasons why it's time to sell your coins at a loss.

1. If you can re-enter lower
2. If you don't believe in the project
3. If you chased a pump
4. If the project has had a catastrophic failure
5. If the coin is getting de-listed due to low volume
6. If the project has a successful double spend attack
7. If your satoshis will grow faster elsewhere

You can find further explanation here https://steemit.com/crypto/@ashr/7-reasons-why-never-sell-at-a-loss-is-terrible-advice.

Maybe he relied on the semi-anonymity of bitcoin but then he is not that careful in dealing with his transactions. It is good though that they were able to catch some of the people who use bitcoin for illegal transactions and it is good news for the no coiners but maybe they would just use this reason again to not be involved with bitcoin seeing how easy the cryptocurrencies can be use in doing this.


It is hard to keep up with different passwords and it is easier to remember your password when you use it for several sites which is both an advantage and a disadvantage because once someone get hold of your password then there is already a possibility all of your accounts being accessed. One should make the extra effort of creating different log in credentials. Unfortunately for the druggist, he is too lazy to even try hiding his identity given that he is doing illegal.

Being listed in a market that gives the people who has large sums of money an opportunity to trade crypto and gold makes it obvious that the prices can be manipulated. We know that there are market makers and those whales who take control of the market by playing the minds of the retail traders so that they would act according to their will may it be obvious or not. It would depend then on the trader how he would respond to the act of the whale and how he can take advantage of it. The key is to find signs that there is an impending move of the whale so that one can ride the wave with the whale.

I want to teach too but the stumbling block would be that even our own friends or relatives will just discouraged us or much more they believe the news than what we are saying and it is discouraging that instead of us telling them to just have take a look of the cryptocurrencies without having a judgment first due to what they have seen or heard, they would convince me instead to stop getting involve in cryptocurrency because I would just end up being scammed. I will just let my earnings do the talking then than convincing them because money is a powerful thing and some change their minds because of it.

That's the thing that bitcoin has superiority over others because it is the most popular cryptocurrency and it has the first mover advantage that's why many people are adopting it compared to others that has lesser adoption and superior in terms of scalability and transaction time. A lot of times that bitcoin has been compared side by side to other coins in its specification and there are even others that is faster and no transaction fee but since bitcoin is superior in terms of adoption then it is better cryptocurrency over others at the moment.


There are what they call the new generation altcoins that has new features and more innovative than the previous coins and much more better than bitcoin but then these coins are not that famous yet and not use in its actual use case that's why it has less attention so less demand but as time goes by, these coins could get the attention that they deserve as the technological world would move on to blockchain technology from the standard technology we are using nowadays which is centralized.

Just keep the faith in bitcoin and believe that it would be more valuable in the future. The problem is that when you are new to the market and after you bought, the price went down, it is some kind of frustrating because you are hoping that it would go up and there would be times when it would go down 10% so you are nervous that it would go down more so you tend to panic sell.


When the volume is low, it would be the perfect time to buy because when the volume picks up, price would increase then. Some people though who are not familiar with how the market behaves, they would buy then when the coin is already up because they are hoping for it to go up more and more often than not, they would become bag holder of the coin until such time they can sell it again at a profit.

Cryptocurrency is new and there are new people coming in every day and those whales take this opportunity to manipulate the market by having bad news one after another so that the price would plunge and they can buy more whereas those who are new to the market seeing those big red candles would panic and then sell their position even though they are at a loss because they don't want further losses. You tend to be emotional when you are new in trading that's why price fluctuates so much when there are big news.

It may just be candles that you can see in the chart but you can see how strong the bulls and bears are when there is news. An immediate pump or dump upon the release of the news is enough explanation of how the people respond to news. Stupidity is a strong word though. It is just that people trade more on emotions rather than being level-headed and trading according to their plan or it may be that they do not have any trading plan at all but just following the crowd buying and selling the coin that is hype at the moment.

Yes there is manipulation and we all know that. There is still the issue about tether not backed by dollar and they just keep printing more tethers but then the perfect explanation would be the supply and demand. We all know about the law of supply and demand and it is the reason why a currency or commodity behaves that way in the market. Bitcoin has been going down and volume is low so people are not interested to buy yet but when the volume picks up, demand would increase and maybe it would be the start of the bull market.

They will eventually come back when there is mass adoption and the merchants they already know are offering this kind of payment option. It is just human nature that people will find an earning opportunity and crypto is one of them. Once they discovered that it is hard to earn from here without any effort then they would move on and find another earning opportunity. For those who stayed, at least if they will be able to teach one or two about bitcoin and serious about it then it is already an achievement.


I am even of those people before who is only interested about this coin because of its earning opportunity but then when I learned deeply about it when reading all the information in the forum, I am convinced that crypto is here to stay and I also think of how can I integrate it in my business to have more people be aware of this revolutionary technology.

Although it has been existing for a decade, cryptocurrency is still in its early stage and it has more room for growth that's why some people are getting interested in getting in because of the possibility of obtaining profits in a short period of time compared to investing in traditional markets like stocks or mutual funds. The higher they would invest, the higher the possibility of getting more profits that's why some people are going to extremes like selling their house. They are willing to sacrifice now and reap their fruits later on but still there is a possibility that they would lose as we don't know yet what will happen.

I beg to disagree. Experience is such a big factor in trading because through it, you will know what are your strengths and weaknesses and you would be able to devise a strategy that you will be comfortable using to become a profitable trader. Luck is also one of the factors to become successful but then if you have a proper trading strategy and risk management that you were able to learn from experience then it would be a great aid for you. It doesn't only apply to trading but in all aspects of life. We are all noobs in the beginning but through experience, we become somehow an expert with the field we are choosing.


Panic buying and selling is part of being a newbie in trading. One tends to be emotional when trading because it is an overwhelming feeling to start doing it but through experience and as time goes by, you will become familiar with that feeling and be able to control it so that you are level-headed when trading and not swayed by your emotions anymore. Just be patient and follow your plan whatever market you are in. Just concentrate more on how much you can save instead of how much you can earn.

They just want to shake out some traders so that they can buy at a lower price. Things have been improving for bitcoin even though its price is going down and we know that it is just manipulation of those who has the big money. I have been watching the research of some famous crypto enthusiasts and one of them believe that one of the catalyst that would push the bitcoin price higher is the bitcoin ETF that may double the ATH price if that would happen. They make sense though because they have done their research and there is a big weight to the problems of the financial system and economic uncertainties nowadays.

If the casinos knew that you are doing this strategy and win in the game then certainly you will not be able to go get back on that casino again cause you make them lose money. Card counting is a big help to win but it is still a talent of someone to be able to remember all the cards. In other games, it would be base in pure luck so math would not be of help to any of this. If you are lucky on that day then good for you but if you are not then better go back another day when you are level-headed so that you can avoid spending more money trying to get back your losses.

Well we don't know what would happen in the future. You might be able to get back your investment in crypto in due time cause maybe bitcoin would have a new all time high again within this year or next year. All you have to do is to be patient. You can still find other investment opportunities like in real estate when you have profits again and if before you can only acquire one real estate, in the future when you have more value of the coin then you can acquire two of it.


It still depends on what kind of real estate you would be able to acquire. If it is land then it would appreciate in value but if it would be a building then it would depreciate in value. My plan is to have an apartment building and rent it out as passive income so that I can focus more on other things I am passionate about.

That's the right thing to do. Never depend on a single source of income especially when it comes to cryptocurrency because the income you can get from this market is not stable and there many even be a possibility that you will not be able to profit in a few months and at this rate, you will end up begging for someone to feed you so that you can keep going. Just make cryptocurrency an extra income and if you are not interested in getting a job then build a business you are passionate about.


I bet they wouldn't even buy it when the price becomes $4,000 because they will be too afraid then to buy seeing the percentage drop from its all time high. They are just looking for a reason so that they wouldn't be able to buy it in a not so obvious way. They may even be happy when the price drops below that price and complain they weren't able to buy when the price is already near all time high again.