I believe this works only with things that we all know will work and have a reason to continue to work. Let's say you see ETH drop, in that case you could still buy more at the dip because you know how awesome ETH is and how it will recover, or let's say BNB went down, you could still buy that dip because you know CZ will find a way to get it higher once again.

However let's say doge went down finally, you could just ignore it and not buy the dip because we are talking about something useless, sure it went up a ton this year but that was just some weird people making weird moves, there is no logical reason for it to go up. So long story short it is not purely bitcoin, even gold or most house prices all go up so there are other altcoins as well that can go up, as long as it has a true reason for it, but I agree, there are tons more that could dip after dip as well.

This has been a thing in my nation for nearly a decade. Unfortunately people prefer it this way instead of increasing prices as long as the price stays around the same, but even the price doesn't stay around the same and that is the problem. When you have lesser product but the same money that is the most opted one, when you have higher price but same product that is second best, but sometimes there is a slight increase in price and slight decrease in product and that is the least wanted.

People prefer either more reduction in item or higher increase in price, but not slightly less and more from both, that is definitely the worst. Inflation is not always the same in every nation, some nations have 1% or 2% while others have 5-10% and in that case it is hard to actually keep things at the same price, hence companies are going for things like this in the end.

I think making it public is something that they are supposed to do, they shouldn’t keep their investment in Bitcoin a private. And there are other big institutions too that have been making investments before Tesla, and we don’t know how far with them. We are all keeping an eye on Tesla because it’s a very popular company with the influence of Elon Musk.

When they first made this their investment I was telling my friends that it’s not going to be something they will hold forever, there will still come a time that they will decide to sell it. They have sold 10% and now 90% left, we don’t know what’s next.

In the space of decentralization and P2P environment, all the regulations and prohibitions are are least bothered. I believe everything will remain same as of now regardless of whatever stand governments will take in future.

How government will know that I am mixing my coins through onion version of mixing. Tor network based mixing services are already in used widely hence even governments think about regulating mixing services, they will slowly understand and will classify it as a basic and privacy oriented human right. No democratic government will dare to interfere into the privacy of individuals.

But, with respect to dogecoins, I am not foreseeing Elon Musk to stop at any near future because they have already might have profited at least 10x of their initial investment allocated for dogecoin pumping alone; when they are already doing something with all profits then I guess they might keep continuing the same to get into a undisputable dominant position; I guess this is what exactly happening with dogecoin markets right now.

I agree that people are riding on FOMO right now but still considering the growth of bitcoin, we are still into initial phase of bull run which means we may see another multiple rounds of bull run in coming months hence FOMO may get more intensified in coming days. So, if FOMO continues then there will be no problems for naive investors for time being.

You are right; it seems no one is looking for the fundamental of dogecoins; all of them are just searching for short term benefits which must be the reason dogecoin got more than 800% growth in less than 2 months of time. I am foreseeing it will continue beyond $1 as well because there cannot be any reason for Elon Musk to stop in near future; it seems he is planning to make dogecoins too bigger in a manner it will be directly competing against bitcoin in terms of second highest marketcap.

I speculate dogecoin may hit $5 to $10 in coming months but anything may happen hence investing only affordable money into gogecoin as of now is important at the same time, a dogecoin investor must plan for long term holding as well.

I must need to agree with you because already we have witness how strong BNB coin is performing well. I guess this trend of exchange coin or token has been introduced or triggered by binance only (I guess even CRO is existing for long time). So, focusing on more of biannce related exchange coins or tokens might get us more profits in very short period of time itself.

I read there are many sister concern for binance in counties wise: two of them seem important one, one is India based exchange wazirx and another one is Indonesia based TOCO exchange. I believe these two might be performing well in coming months along with BNB.

Trying to be quick rich kind of mindset definitely ruin ourselves in trading because that is the core reason why I traders are becoming greedy and keep modifying their target level. Whenever we are not following our technical things but listening to their emotions then that will definitely lead to losses. Only when you are not giving any room to our emotions which can be panic or greediness or aggressiveness then we can make easy profits of the crypto market even in high volatility conditions.

Self control will lead us to consistent profits and I agree that controlling ourselves in terms or emotions is not possible when we are newbie in trading.

Yes, that is the big differences between investors and traders. We cannot expect traders will be continuously persisting in this crypto space by contributing in all the means for building stronger marketcap for the entire cryptos. But they are all working only for their own benefits and we can expect them to pull off at any time which will definitely affect all the other investors who are all planning for long term holding.

But, we must need these traders to take our market into new heights so that the investors will keep attracting and will be coming-in. So everything is happening for a reason and over the time it will end up in good reason  like building more stronger this crypto space.

Yes there are a lot of other factors are also available which are definitely affecting how one person in trading with the different market condition and developing his strategies. So, it is not at all making any sense to assume that everyone in this crypto world are trading along with same strategy. Even people are following same kind of strategy, there are multiple fine-tune options are available with same strategy which might lead them to the having literally different strategy even the name of strategy is same.

I may agree with OP if we assume that everyone is preferring to buy low and sell high which means that everyone is following same strategy.

But, we need to remember that to consider "low" there cannot be one single price levels. It means there are lots of "low" prices are available. So, even people are following same, strategy they do not need to be buying or selling at same price levels.

I do not understand why would anyone do it like that? I mean if it really creates such a huge problem for you, then maybe you should not do something like that and stop trading? After all we are talking about something that "could kill you" here, I do not think that it could kill you, but I have seen people who commit suicide because of crypto in the news, so it is technically true. Which begs the question, if you are doing something that would end with you committing suicide if you fail, why do it to begin with?

I understand that people want to make money and they see something and they basically end up getting greedy about it and want to put in 100k and make out 10 million and never work ever again, that is the train of thought when they are getting in. However if the downside is you dying, then it doesn't really worth it does it? I mean I do not think that it is really that worthy to test that theory out.

That must be really funny. I'm just wondering how you got blowing down to zero then you were able to make $2000 with your $100. I guess you might have continued with that bot so that you will get better chances to make profit because I had similar experience where I never got chances to make profits but only losses from first trade onward.

Did you change any of your getting before your bot turned to get you losses. Because, I doubt how a profitable trading bot suddenly changing into loss making one.

That’s the right wing media that make things the way they are right now. If you are against capitalist companies ruining the world, you are suddenly a communist. What is it so communist about wanting people who worked hard all their life to not be rationing their insulin for example? If you want insulin to be free and paid by the government from our taxes, you suddenly become a communist, how so? I mean I paid my taxes, I want to take the medicine that keeps me alive, the other possibility that I won't be able to afford insulin and die, how is that bad?

However media makes sure that they talk about billionaires and protect their rights over people because those same billionaires are the ones that are paying their salary, so they do their best. Politicians are also bribed by them, so the whole nation is basically a big corporation heaven. Then they show poor people in venezuela and act like everything is cool with USA, just because Venezuela sucks doesn't change the fact that the biggest capitalist nation allows people to die so that big pharma can make more profits.

I don’t live in the US, so can’t really tell you if the economy is booming or not, but from what I have heard from people I know personally that lives there , and also from the comments I have seen in this post, it seems like it’s not booming like you have said, unless they are just part of the people you said cannot see the economy booming.

The coronavirus really affected the world badly, and this is something I wouldn’t wish to happen again. In my country, ever since the virus and the lockdowns and everything, things went from bad to worse, people are hungry, and the rate of crime increased, and also foodstuffs prices are high in the market. It hasn’t been easy, and people are blaming the government.

Are you trying to link the current situation of covid along with increasing demand for cryptocurrencies? Because, in most countries even electronic payment system is not yet available but you are talking making people adopting one step advanced method of cryptocurrencies? I am able to get your point but at the same time covid situation may not be the right time to talk about crytpos among our friends.

I mean I do not want to make use of the emergency situation for any kind of my own benefits. I agree adopting crypto currency will benefit for all of us still I mind the current situations.

Taxation is the only way a government may benefit out of cryptocurrencies. I agree only few countries so far took positive stand against bitcoins and other cryptocurrencies but if you notice where governments are in negative stand then there bitcoin prices are soaring.

I speculate most governments will decide about their policy against cryptocurrencies when it will become too big and too strong until then they may not bother it.

I guess we cannot do anything on that. Some governments are going too ease against cryptocurrencies but most others are planning something which may be excessive regulation or may not.

Both cases could be fine, let people do what they want and what they like. If making money and then spending it right away is something that person likes, let them do that, if making money and not spending it, saving it and then maybe one day having a lot of it means something more, let that person be a slave for decades but then have a chance to be a rich person.

None of these are wrong, it is preference deal and if people do not want to actually end up being slaves to money, they won't, if they want to save up, they will. It is not our business to end up telling other people what they should do with the money they get. I am sort of in the middle, I like to spend money on food for example, it is not even something that will stay with me, it is gone after you eat it, but I do like to spend it on eating, yet I do save a bit as well, not as much as I used to, but I try.

I do not think altcoin's bull market got any power to influence bitcoin market in any means. I agree money in-flow may get deviated to altcoin markets still I do not agree all new investors will go for investing into altcoins. So, this is not ranging time. It is like power gaining time for bitcoin which makes some altcoins to roar but when bitcoin gets into action then those altcoins will get back to their usual routines.

No. In 2017, most altcoins did not have their ATH but only in 2018. When bitcoin is into bullish mode, most altcoins will remain stagnant and when bitcoin enters into stable zones, altcoins may get into their strong bullish mode.

Yeah, compared to 2017's bull run, in 2021 we are having less volatile markets as exchanges are showing healthy volume regularly. When more people are participating then obviously we will have steady markets but at the same time, we cannot predict when a whale will start think about manipulating markets for their benefits.

But, people are predicting less-powered whales in coming days as we are having lots of new investors on board. It means whales and their manipulation may go diminishing over the time which will get stable yet rising bitcoin markets somehow.

Yeah, only because of lack of awareness about trading most people are getting frustrations when they see losses occurring to their capital. But, when they are aware of dangers of crypto trading, then they will simply move on by accepting losses to prepare for next profitable trade. This way I guess you must be an experienced trader and that is why you are not running away .

When I was newbie in crypto trading, I was trapped by wild bitcoin markets' fluctuations which made me run away literally. Yes, I did not trade for next 2 months and after that I started trading again with my friend's help as he was successful in technical part. I followed him and I learned lots of things from him on how to finish off trades in profits.