There are some things the OP is missing, consolidation is easy to know in the market, and this is obvious when the market is moving up and down without a definitive trend. Even as it is, some traders would still trade and make money in that condition. Now, are you saying because of consolidation, traders who have the tendency to trade and make money since their strategy permits it should miss out? I guess No. Instead of your advice, I rather advise traders to be sure of their experience in the market and trade what they know without deviations.

If you are a scalper, scalp the market well and make your money, if you are a short-term trader, do it well, and the same goes for the long-term traders. This advice is important because when the market seems to consolidate in the view of the long-term traders, the short-term traders and scalpers are making their money, and when it seems to be consolidating in the sight of the short-term traders, the scalpers are making their money. The most important thing here is for traders to know the reason why they enter the market and not just trade anyhow. Traders should mind their timeframe and plan in relation to it and not poke their noses in another person's trading style.

I wouldn't talk down on Man City at this time, this is a club that is leading in the EPL and still has all it takes to win despite anything you can view as their challenges now. You might have had a few points if you said Pep Guardiola should be careful of Liverpool, and I would still not regard their attack of Man City so much, they are still doing just fine, and I would rather be concerned about their defence. Man City's defence is getting weaker by the day, and that could explain what happened to them when they played against Chelsea. They are now preparing to play with a better club than Chelsea, they need to be extra careful if that is what would make them yield to this advice...lol.

Good for them, Liverpool could score well if they want, but there are also times that they face their goal drought, if that's what is going to happen today, fine. Nevertheless, Liverpool will take this match seriously more than many other matches, and we all know it's a fair advantage that when a club beats a big club, it's a better point for them to relieve them of some pressure as playing with a lesser team has guaranteed winning, unlike the big ones. Regardless, I see the two clubs scoring their goals and if the defence of Liverpool is equally good and also mounts more offence on Man City, that could be an issue for Man City indeed.

It is right to blame the person who introduced you to this mess and even right to be mad at the person too but blame yourself the more, maybe it will help you to make a change. This is why it's good to be careful of the companies we keep, and you should know that bad company corrupts good manners, and since what your friend introduced you to is not positive but negative in your life, then that friend is not a good one, at least in this context. Your life would have been better without this and the money you lost would have been prevented.

Even at that, you need to work on letting go of anything that is not good for you, and the more you grow and not stop it, the more you should rather be mad at yourself and not the person who introduced you to it because it shows you are weak in the mind. Even the person who introduced you to it could have stopped doing it entirely or not allowed himself to be pushed by it and thereby not lose money foolishly like you who let it control you in the name of fun. If it's fun you pursue, do it with the amount that is little and that does not have any bad impact on your life, it's fine, but when it has turned to wasting big money over and over again like your school fees, then it's worrisome. Still, blame yourself more and not your friend because he is not the one who actually forced you to senselessly use the money meant for other purposes for gambling even if he introduced you to the game.

Most gamblers are not just wise, they are in for the money without using their brains correctly. Imagine the gambler who has $200 as the only money he can afford to gamble with just bet the whole $200 at once. They often do this because they are senseless and particularly want to get sudden wealth through gambling. This is unfortunately not working for them and affecting them bitterly but all they could do in most cases is to cry foul. I believe that in everything we do, we should be wise and smart with it, and the smart gambler would rather have the $200 and plan better on it no matter how sure the games he is about to bet are.

Such might just divide that amount into 5 or 10 equal parts depending on the risk of the games he wants to bet. For the 10 parts, using $20 to bet per game is still a very good one, and if the person is consistent, then success would be made easily. But if the person loses, the fact that the money is not played at once would make it tough for him to lose the money easily. One mistake also will not be the end of the money, and who knows, the person might be lucky later to gain back those he had lost and the game continues like that without losing all the money easily at once.

I don't buy the idea of cycle analysis or history repeating itself to avoid making mistakes, but still, you guys are making sense, Bitcoin needs more to get to the ATH again and it is never gonna happen this year again. Although the market threatens it daily, I still believe that Bitcoin may not know $40,000 not to talk of hitting the ATH again this year. It however got to the present state of bullishness because of the ETF events. This event caused FOMO due to the anticipation of halving as well, so people started putting in money, but for how long until halving? We shouldn't also forget that the ETF's approval/rejection has been postponed till next year. So other than the already created bullish sentiment in the market, there is nothing else that can cause a strong bullish impact for Bitcoin till the end of this year, at least, no foreseeable one. What I believe would happen are temporary buying and selling intermittently, this is as traders will continue to show a lack of will for the market when it gets closer to $40,000.

Bitcoin itself also had a fair share of the fall, imagine your asset depreciating about 5 times its ATH value, that is not a good thing as well. Nonetheless, instead for me to condemn the alternative coins for Bitcoin, I would rather advise that one should not just dabble into what they do not know or understand very well, experience is the key here and smartness in investment handling would help the HODLer so well.

But first, one must get acquainted with the project they are dealing with, they must know the history of the coin/token (if not new), the founder, the community base, the objective, the usefulness in the crypto space and many more. Mind you, the project that is positive in most of those points is not a bad project per se. Yet, the person should still proceed to be speculative, and this is applicable to Bitcoin as well. You don't just entirely trust any asset to perform forever as a true investor, you have doubts and you work rightly to outsmart the doubts and what you didn't plan for. This is where speculations come from, you don't just HODL blindly, you speculate and use regular analysis to back it up. Also, you only deal with long-term speculation in this regard since it's not a short-term investment. Now, the moment you see the market deviating from the bullish trend and having a bearish reversal on the larger timeframes of the technical chart, that is the time you know you are overstaying your welcome by continuing to hold that asset.

I repeat, Bitcoin inclusive. But you may buy back when a bullish trend is reactivated.

Being concerned itself alone shows that you are reasonable and wise at the same time, older people should be sensitive and cautious about the younger ones around them, it goes a long way in inculcating good habits in them rather than being a bad influence in their lives. Good or bad, what young people start learning at an early age might be difficult to let go of when they are old, it might become part and parcel of them as it's part of their foundational life.

My advice for you is to first let these young people know the difference between gambling and gaming (casual). If it's being done without any money involved, there is nothing bad about it, it's just gaming and playing. But if money is involved, they should know that it's not a good thing for the persons of their age. Let them know only the bad side of gambling and the danger therein. But most importantly, if money is involved in any gaming activities, you older people should never let the younger ones know about it if they are not of adult age. This is applicable to both offline and offline activities.

This is just a misconception, gambling is meant for everybody. Who told you that the rich should gamble more, or often win more gamble than the poor? I believe the wager size is deceiving you. Both have their level playing ground, only that the poor might not be using their senses well. What I see here is that the poor should "cut their clothe according to their clothe," and they should use their brain and not be aggressive in gambling or believing they can get quick money from it. By doing this, they could probably do themselves a favour by not wasting too much money with the way they often recklessly bet without proper planning and management. I blame the poor for most of their misdeeds in gambling because of a lack of plan because I have many friends who are guilty of this. They know how to bet on sports very well but are not reasonable and calculative in their betting due to greed, they want to make more money very fast and will be permutating many games together thereby increasing the risk. So if one loses, the whole ticket has spoiled.

The poor might win more gamble than the rich but the rich would use more money to leverage on their winning. So why can' the poor be contended with what they gain also with their little money, why increase their risk in betting because of greed? And who is to be blamed for this if not them? If the rich bet with $10,000, the poor could bet with $10 if that is what they are capable of. The moment they are emotional about this and start taking more risks, that is how the problem starts.

This advice is very good but the gambler must be responsible and have come to his senses before he could be thinking this way. This is actually a sign of a new birth because no matter what you tell those who are addicted to gambling, they will not yield, while many of them do not even have the sense to think about gambling too much not to mention the guilt from it. Gambling is best done responsibly and if anyone has the guilt of gambling too much, it must have been the person who is losing much or not gaining much, because I don't know anyone who will be winning in gambling and still be feeling guilty about it, guilt of what? This is why taking a break once in a while is advised for such a person, and if gambling is too good to take such a break, the person might want to limit the gambling time, this also helps.

And in case taking a break is what such would opt for, it's good to use the spare time opportunity to learn more about how to gamble to gain, and find ways to minimize losses. There are ways to manage one's portfolio while gambling through some calculations and plans, I strongly suggest that too.

I don't get my investment advice from external sources, but this is because I know how to trade and invest rightly myself. But what about those who do not know it and still want to participate? That's why I see your advice as bad. For trading, yes, one should be wary of these people unless they are teaching you how to trade. This is not hurting anyone as far as I know, only that I advise everyone to be careful and not believe that they can get to make money in trading so easily. I learned from the external sources too and there are many, and it would have been bad for me if I had disregarded all of them by then for the belief that they are all bad.

But for investment, those videos and Tweets and others could be a very good one, and there are some friends that come to me for investment advice having seen it on social media. They could have entirely missed out on this if they disregard it entirely, so one should still learn through them or continue to let what they post online be what gets them informed as this information is certainly not hurtful, and even better if one does their own research before using them.

And for Bitcoin investment, every time is the right time to invest in Bitcoin if the bull run has not happened yet. As it is now, the bull run is still being expected so no one would lose their money investing now. However, for the right price, my advice is for the person to DCA as the best price has already been missed and can't be recovered anymore till the bull run happens.

Your advice is good and I can't even believe that anyone would say they want to rely on Bitcoin alone simply because is capable of earn them money. What if anything unforeseen happens? Even though Bitcoin and its investment are good, one still has to be careful and not rely on it solely, there are times that Bitcoin would have a long-term bearish trend and that could span for years. And as we all know, it's Bitcoin investment that is easy, you can be sure of earnings when you merely HODL it even as you do nothing.

But trading Bitcoin which traders rely upon when the price of the coin is falling is not easy, which is why no one should even dare to believe they can rely on Bitcoin for their only earning means, such action could be bitterly regretted. Come to think of it, I can't for any reason think about that as an able-bodied person, such speaks of laziness, but we see much of it these days where even youths wouldn't want to work but just be spending money. If the source now cut, they become desperate and result in all sorts of bad activities. So, no right-thinking person would rely on investment alone, such a person would work to be active and build a career rather than believing they would sit down always and the money would continue to flow forever.

Stop loss is a protective trading tool that limits the risk of any trader in trading positions. It's good to use it even though some people argue that it's not necessary and could give people bad luck of getting hit while the market still goes back to the trader's position.

As painful as that is, it's not happening all the time and one thing that is sure is that the stop loss is more good than evil, that's if it's evil at all. There are times it would truly save your trading account and you will be so happy, but there are times that it would save the trading account but people think it's bad because the market goes back to the direction of choice. But in honesty, in this case, the stop loss has done its part, it's the trader that should monitor the trade and act accordingly afterwards.

This is why the following points might help and we must know that nothing is perfect in trading;

1. Plan your stop loss in line with your trading strategy. You can use a fixed stop loss or varied ones depending on the strategy you use.
2. Use tight stop loss around price action and S/R level only.
3. Use a loose stop loss when you are trading long-term or when you are not monitoring the stop loss in case the market goes back after hitting it.
4. Do not leave the work alone to stop loss, monitor your trade and act according depending on the situation (enter the position back if need be).

I don't even know the basis for this post, is it for Theymos to give us the 2FA? And you wrote all those epistles? Well, it would have made more sense to me if Bitcointalk was the place where you keep your money or other valuable assets, but unfortunately, it's not, so 2FA should be the least of your worries on this forum. Personally, I don't care about it, this is a forum and I don't use 2FA in any of the forums I participate in, that's if they exist there at all. The reason why this looks like a must is what I don't know yet.

If you like, you can continue to change your password and make it stronger and if you think you are being hacked regularly unlike others, you might want to look within your circle and be more protective of your gadgets. This is a community and everything we write is not even hidden, so I don't know where the too much concern about the 2FA is coming from.

This is a typical example of people who do not have their own mind, they are easily cajoled with what to see, hear or are being influenced by. But those who have their own minds, let me call it a strong mind, will be reading and hearing all those and be smiling and moving away. They will only engage in such if they want to and not because of what the influencers or advertisers say. But really, the temptation of the marketers/influencers is much and could be so irresistible, especially if the company is running promos. There are some promos that personally motivate me, but the terms and conditions attached to them often send me back to my normal self. This is why I hardly gamble with promos/bonuses, I like to use my own money so that I play with my own freedom as well.

Above all in relation to your concluding part, if anyone has a bad mindset about gambling due to advertisements and the rest thinking they lured him into it, then the person is not mature. As an adult, you are free to decide maybe you agree or decline, no one is forcing anyone, and if you agree to gamble conditions, then it's all on you, which is why you have to know what you are signing for and then try your best to gamble and win. After all, some people are still winning in gambling.

Point of correction, investing consistently in trading will never guarantee our success, the only thing that can guarantee our success is the right approach to the investment, which is where the right learning and training come in. Once a trader is well-experienced in the market, there is no way success will not be made, but this will not be an easy task, it would take time and much effort, and the resources of the trader must be included in the requirement as well. This is why I believe it's often said easily than it is in real life, some people might be trading and training at the same time for over 10 years and still not have anything reasonable to show for it. Now tell me, are they not consistent enough? But you might see other people training and doing the right thing and start making consistent money within just 2 years, so approach matters.

The truth is that many traders are just deceiving themselves with their kind of approach to trading and they would have wasted a whole lot of time before they realize it. This takes us to the source of learning, some people are not just learning correctly or do not know the right thing to learn, and this is a serious problem. However, learning is easy and makes trading better if one luckily meets the right person to guide them. That explains the two situations I narrated earlier, it's definitely easier for one than the other.

You seem to understand the situation very well, many would argue that trading and gambling are just two parallel lines that can never meet. But in practice, they are interrelated depending on the attitude of the person towards gambling and trading. To buttress your point, it's possible that I trade today and gamble tomorrow, I referred to both in trading. The distinction between the two is that, for the first, I followed my right trading system and plans which I know without deviation, but in the second where I gambled, I did just the opposite. This means that you can be a trader and be gambling in your trading, it depends on your sincerity in trading itself.

This is not so different from gambling itself, and some gamblers are even fairer in this context compared to how some traders behave irrationally in their trading.  This is another reason why I agree that some gamblers could be better than traders analytically simply because they are true to their gambling analysis than how some traders are true to their trading analysis.

I'm with you on some of your points but definitely not on many of them. It's the rightest advice that you do not "Save" your money in any custodial approach for too long, it would be ill-informed if done. A gambling platform is a gaming platform, it's for business and not your bank or your wallet, you should just do your thing there by holding the funds for your gambling plan, nothing more than that. This is applicable to whether the money is big or small, your money has to be kept where it belongs unless you are using it to gamble. When it comes to keeping, there is no better place to keep it than in your bank or your wallet, but if you are a high-volume player and keep much activity with your casino, fine, but the moment you have too many funds you are not using to bet, there is nothing it's doing there anymore. I can't imagine some people crying foul after issues arise due to the liquidation of the casino or their greed. This happens to small casinos often, so one has to be wise.

This is indeed a wise idea and I've shared similar views a lot both online and offline. First, I see no reason why people should not have that belief in Bitcoin by now, it's the number 1 cryptocurrency in the world and such an asset that has been accepted into the mainstream of the financial market. These days, you would hardly believe that Bitcoin is getting more popular than Fx trading itself. I'm not talking about the stability and the liquidity but the most talked about. Just try to study it online where cryptocurrency and Forex are being mentioned and see the most popular among the two. This means that a lot of people believe in Bitcoin and cryptocurrency, which is why they are investing in it, even at that, the investments have just started since the population of those who would invest in it in the next bull run might be thrice of those who invested in it in the last bull run.

But as much as Bitcoin and its project speak for it, it's not a safe-haven asset and neither is a holy grail approach to earning from it exists. Every investor must be well informed about the fact that some factors could crash it as well, and this crash might be a surprise to people at the time. For this, it's not a bad idea to diversify our portfolio, and in fact, it's the best. As I am, I have about 7 different sectors where I have my investments, which is why I don't like to be too sentimental about Bitcoin like many here, I reason like a neutral investor. Even within cryptocurrencies, there are projects that are good alternatives which one could buy in addition to Bitcoins.

Have you then taken your time to learn or suspect the reason for the losses and how they have come into play this much? This is not about Localbitcoins alone, some other businesses running P2P in their model went bankrupt even before them, and a few like Paxful that are left are showing signs of being stressed but the insolvent of Localbitcoins can still buy it time.

There must be a reason for the losses, a reason why they could not meet up with the business unlike before, and the only reason I suspect is the lack of much patronage like before. It's not a business as usual for them, their business model has killed the company. I can't imagine myself seeing Binance and would say it's Localbitcoins I want to deal with. That is impossible, and it's simply because of some factors like security and fees among others.

Let me say it's obvious that you know little about trading, and no matter how much people try to rely on what they derived from social media to trade, they can't progress in their trading experience. like you sounded too, it would take time and a whole lot of effort to be successful through this approach, why then not use the time to pursue the right way of learning and trading to have the right trading understanding that would forever stick in your head?

Nevertheless, I agree with you that loss is part of trading, the way we allow it and disallow it in our trading matters to our success. In trading, it's either we lose or we gain, and since our aim is to win, we should rather find the right trading system that will make that possible and not entertain weakness due to that mindset. We should work more on the psychological and managerial part even as we strive to possess a trading system that will win more than it loses. Also for every trader, there must be a well-calculated risk and money management in the trading, and when the trading strategy itself is good, there is no way we will not be beating the losses down.