Not just FUD, some of the FOMOs created are also used by whales to manipulate the minds of novice investors to enter the market, so that the market will move at the price they have set. (....)
This is already given, as time goes by FUD are starting to become a normal thing on Bitcoin space. Another problem we have is those people who are trading with extreme leverage, this is one of the reasons why we keep seeing a huge candle wick on the chart, over-leveraged trading. To be honest, a lot of people crying now because of the dump, and I consider those people are "newbies" as if they experienced some huge dumps before especially in January 2018, this thing is normal for sure. Here's the current Bitcoin Fear and Greed index:
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(.....) Do you have any experience with this method, which software/programs do you use and what tutorials do you follow to learn it? P.S: I see that price differences especially in low cap altcoin and I think I've actually found one example so I'll share a screen, let me know if this could be a valid example and how would you deal with it. https://i.postimg.cc/MK4WjdSs/pic.pngAnother thing to do is do not indeed rely on platforms like coinmarketcap, there could be some issue displaying prices on different markets. If you want to make sure, go check the price of it on the exchange you are looking for, so you will be more sure. I believe they are only displayed by API, so there could be any issue from the side of coinmarketcap for displaying sometimes the price.
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The purchase price of Microstrategy in Ave is around $31,500. Additionally, Tesla's average buy-in price is $36k. Is Elon going to sell?
What are your thoughts, gentlemen?
They are buying more for sure, to be honest, these days is the best time to buy Bitcoin, look how discounted it is. And for Tesla, I am pretty sure that what's their Bitcoin balance is just small for them so I am positive that they are not selling it. Even Michale Saylor, Microstrategy. We all know how huge a believer of Bitcoin Saylor is, they got diamond hands.
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After $40,000 broken, $30,000 now will be the psychological support for me. If you take a look at how huge the dump was when Bitcoin broke $40,000. The $40,000 is now acting huge psychological resistance.
It's just sad that the dump is too huge, it's not healthy for me, I am expecting some bounce here and test the $40,000.
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If you guys experienced the last quarter of 2017 and the beginning of 2018, it was almost the same. We saw a huge run on last quarter - last month of 2017 and starting on January 2018, dump started.
I am just curious for now because not most of the altcoins pumped, compare to before when a lot of people telling us that was the "alt season".
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Now to encourage cryptocurrency investment he have installed bitcoin ATM on all his restaurant branches. (....)
As of the moment, this is one of the best act they did so far. Even they don't yet accept Bitcoin, doing like this, it is already showing support to Bitcoin. For sure, the owner learn so many lessons, especially on finance, how Bitcoin really works too and he also learns how to invest properly and the power of Bitcoin as a store of value.
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Though I am not a big fan of XRP but I would prefer XRP and ADA to invest now at dip. 70% investment would be into ADA and 30% into XRP.
Why XRP and ADA? For me, not a good idea. It's kinda old school for me, there is a lot of new cryptos that is worth investment, I don't really see the use of ADA and XRP until now, that's why I am still curious why these two altcoins are still on top market cap even there lot of new altcoins are much better for them. Shib has a lot of holders and it can rise anytime. We need to be patient for this. Some days ago shib pumped with a great value. When market will be stable and after getting a good news about shib, we can see a great move again from Shiba Inu. Let's hope for the best.
This copy-cat memecoins trend is already done for me, it's over. Animal coins or any meme coins related is more likely over for me. I'd rather invest in dogecoin, compare to other meme coins. Have you heard about the upcoming upgrade or changes on dogecoin? I am not sure if that is only humor but I believe if this will happen, a very big hit for dogecoin.
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Have you ever used a bot to automate your trading? Do you trust it enough to make the right decisions? If trading bots are as good as they claim, why are folks not using them as much as they should?
I haven't tried yet to use any bots to automate my trading. But my basic understanding of trading bots is it is more likely to follow your configuration if you set any, like your analysis or conditions when to buy/sell or stop loss. I saw other trading bots are using pre-configured settings on tradings if you don't want to create your own. Or there are some trading bots platforms that some configurations are public and you can check how the configuration works and it's up to you if want to use it. So overall for me, I can not say that using trading bots is not good, as long as you know how it works and you understand it, it's good for me.
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Because there are so many crypto signal providers now, it's hard for me to pick the right one. Many of these crypto trading signal providers have a good record of giving out good signals, but some are only in it for the money. This is what you need to know about these people. So, which is the best source of crypto trading signals, and which one should you use to make money?
This is difficult. Some people may tell you that looking forward to crypto trading signal is bad but I can say it is somehow profitable but it still depends, you still can't 100% guarantee, and another thing why relying on trading signal is bad is because you start don't learn something because you are just waiting for their signal, you will start don't analyze by your own. So overall, if you will try to look forward to some free trading signals, it will like not to be fair because you could be their bait, and another thing is on paid signal, it is more likely safe on "bait" things but then again it is still difficult since there are already a lot of them, you can't tell that group is only 1 created under the people behind.
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~snip~
Now, what would happen if you failed to apply it correctly? the answer would be, it is either you quit and just wasted your time studying trading or continue and finish what you've started.
If they always learned I think failure will be minimized. Although it failed/mistakenly it could come at any time. If they decide to quit, it seems like a wrong decision. Everyone can because of learning, I firmly believe trading is something that can be learned. So in the end it's just the will that works. If you try once and lose it is natural. If they move has failed then I think their perception is wrong. Beginner traders must be resilient please try without giving up by sticking to the risk management you have learned. I'm sure if you keep trying, it will work. The article posted by the OP has a lot of info to digest with. But if you are starting in trading, just use small amount of funds that you can afford to lose. All of us here start from scratch. We don't know crypto when we entered here. So yeah, it is a matter of time before we learn things here. And still, everyday is a learning day for us as we embark different scenarios here. There's no defined formula in crypto trading. So the more experience you have, the better insights you get. And that will help you in your trading journey, that is, if you don't quit. Well, no one succeed if you are thinking about quitting. So just keep on trading while learning more in trading. (....) ] ^ This is one of the common mistakes of newbies or those people who are just starting to trade, they don't have dedication or commitment, after few trades or few losses, they stopped trading, they don't know it is part of the process, not all trades are winning trades. So, they must take it as lesson and apply learning from their mistakes on previous trades, correct those mistakes on next trade.
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Appcoins? This altcoin is already dead a long time ago, as I remember they have conducted a bounty campaign and have an announcement thread (ANN) here in the forum way back around 2017 I think. This was before listed on Binance and after Binance delisted this altcoin. I saw their Twitter account, it seems they are back. Lol, I don't trust this project anymore. https://coinmarketcap.com/currencies/appcoins/
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When I was introduced to Bitcoin, a lot of things happen. It helps me become financial literate, I started before to learn how things work especially in finance, how fiat works, and how Bitcoin is solving our current problem on finance.
On the personal side, I become more responsible for my funds or how I am using my funds, crypto-related or non-crypto-related.
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I started to love Solana Ecosystem, the first reason is expensive Ethereum. My first NFT comes from the Solana ecosystem. If Ethereum is not having issue right now of scalability and their gas fee is not expensive probably yes, Ethereum is the best blockchain for me.
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To be honest, Bitcoin is likely created to increase its price for me, look how it works, 21m supply, block halving. For me, even how other countries will be strict with Bitcoin, they can't stop it, that's how Bitcoin is decentralized, they can't control it.
Another thing is the inflation of every country, Bitcoin fixes this. Especially day by day, innovation is there, the internet has slowly become our daily needs and that's the time most people will introduce Bitcoin.
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For me, I have price levels watching before saying we are in a bear market. Mine is dropping below $20,000 and that's the time I consider we are in a bear market, but with these really small dumps and bounce backs. I don't think we are in a bear market. I expect this 2022 will be long sideways, $30,000 will be the strong psychological price support.
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I have been seeing this extraordinary hate for nft, i find it really irritating, (...)
Very normal. Especially after the huge drop of the market and NFT also got affected here. I remember the days when DeFi projects started to pop also before NFT, almost the same happened, a lot of haters and negative comments. So overall, get used to it. Most of people who are talking about negative things about it are those people who even don't know what NFT is.
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I think that there will still be a great correction due to the end of the halving cycle. +1
I'll believe more in the halving cycle, based on history. We all know how the Bitcoin block halving became significant to Bitcoin since the beginning, it is showing how Bitcoin managed to do some price actions that correlate with when it is upcoming or after bitcoin block halving. About the supercycle, for you how you can explain it? Does supercycle have some specific numbers or how can you tell a cycle that is a supercycle?
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I have $100, I want to keep it temporary on an exchange in bitcoin and I want to trade future trading. Assuming I send the bitcoin to my future wallet on the exchange and I go 1x short position. (.....)
This will act as collateral, your Bitcoin will become collateral if you trade on futures. But not all exchanges support this. Binance got USDT-M and COIN-M, so you will use COIN-M to trade futures, USDT-M if you want USDT to use. Another alternative is using FTX Exchange, you can use your Bitcoin as collateral when you trade on futures there and they have only a sub-account not the same as Binance that have a separate wallet for Futures.
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I understand, but I'm having a problem. Small ''Backer'' are easy to reach, but I don't want that option. Big supporters, big organizations are hard to reach. My weakness is relationships, but my strengths are funds and real passion. I think we will work naturally. Do your best and We will be welcome.
For me, if you are dedicated to your project, you must be worried first about the quality of your project, how legit it is, and how useful it that will solve problems. I believe that "backer" is more likely for marketing but it will also help you to find investor then money invested will be use for development and help your project grow and sustain the development.
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"Getting used to the market situation is the key to becoming a reliable trader. " is that right? Or not? (.....)
Right somehow especially if you have the consistency too. You become a reliable trader once you are also committed to it and have consistency. Some traders especially newbies are just intended to do some trades at the beginning, after losing a few trades or winning, they intended to stop and back again if they want. Another example is, "the best teacher is experience".
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