I guess people who like to overreact to going up will of course overreact to bitcoin going down, we all knew that bitcoin would eventually go up so we weren't surprised when it went up, and we know that corrections happen as well so we weren't surprised about this neither. I remember clearly just a few months ago price moved from 24k to 18k and everyone was scared, what happened? We reached to 40k price after that, I also remember price was 41k dropped to 29k and everyone was scared, what happened?

We reached nearly 60k levels, and now we moved from 60k to 45k, and people got scared again, I am not, Because I believe there is a chance we can reach 80-90k in the next 1 month, and that is not even unlikely, that is probably the most possible result. So do not care about those people who overreact, just look at what it does and you will see the situation easily.

Actually the questions asked was how can one convert their BTC in case imagine the price is dropping and one wants to secure the amount he has in US dollars but does not want to pass KYC and wants to remain anonymous. Most common way of doing it would be by converting into stable coins but as fellow members said that trusting USDT or other centralized coins is like buying paypal and saving them because they are controlled by the providers like Tether Limited controls USDT.

If you had a read of what he asked, you would have known it better. I think this is a common problem and usually the way most of us conquer this problem is by converting to stable coins and buy back when the bear run has stopped.

The truth is that even the experienced traders fail to make money consistently, not all but some. Being a passionate trader, I have always been in touch with a lot of traders on telegram and joined many groups, half of which were scam but one thing I learned from all my experience is that even the best traders suffocate when the market is down and when the market is bullish then even the worst ones make easy money. It more depends on what time you are trading then how experienced you are with trading.

Of course having experience helps because it makes you stand strong in times when others would panic but having experience doesn't really guarantee you success at all.

Holding for too long a coin that's useless might look foolish but ask doge coin holders, they kept the faith and Musk paid off.

I wouldn't really wait for it to go down too much, it is reaching to levels that is unheard of and the volume is getting to a point where you wouldn't be able to really say if it is going to 2x or 5x because there is so many people using BSC these days.

I personally feel like we are going great, it is not the ideal situation of course and we are going to end up buying at higher levels than we wanted to, but as long as we buy something for still high price and then it goes super high, that is still profit.

However if you wait for it to go down, and it doesn't go down but just goes up, you are going to miss out on a chance to make more money. I would say buy some now, and buy some at 300 so that you will be all in, if it drops you could buy some under 200 as well so that you could be in at cheaper if it goes down. That way whatever direction it goes, you could be in it anyway.

I believe those type of things are not as dangerous as you think they are, I believe they are still fine. You can't put money into anything you find, if that was the case I would have thrown 100 bucks into 10 things everyday and I would be broke in a week, that is not the case of course, however just because something is new doesn't mean it is bad neither, all the coins you see today were new one day, and they all became big and known eventually, obviously they are all one in a thousand chance deals, for every top 10 coin, there is a not even top 2000+ coin so there are much more failed coins then successful ones but I still think we should be patient and research the good ones and eventually we are going to end up with a good one, all we have to do is make sure we invest into a new one that is good and loved and has a potential instead of a shady looking one.

Although I think there are lots of companies like the ones mentioned in OP hold Bitcoins and some hidden ones must also be holding a good amount of bitcoins but I also think that a lot of companies must have sold a big part of their bitcoins so the mentioned companies might actually not hold as much as mentioned.

Bitcoin price is so high because adoption has increased because when these big companies buy bitcoins, they also attract some small investors. When Tesla said they are accepting Bitcoins, I am sure a lot of people would have bought bitcoins for the first time, not to buy the car but because everyone gets interested what asset is it that the biggest car company Tesla is accepting now.

This is what I hate about altcoins, when Bitcoin was rising most of the altcoins didn't raise as much as they should have. But now once the bitcoin market is going down all these markets race against bitcoins in going down. I am not sure if altcoins drop creates a domino effect or the vice versa but each and every coin should have a reason when they fall, not just because bitcoin is falling all of them drop like a deck of cards.

It also makes me wonder if all the altcoin coming up and existing ones have any of their own identity in the market or they are just standing on the base that bitcoin created years ago. If the Bitcoin market is going down because it saw a bull run it should never mean that all the assets fall down suddenly.

For example if a stock is suffering in the stock market, is usually does not affect other stocks and their prices at all.

Do not be worried that you were like that because many of us were like that, and even though we are smarter on this bull run, there are still a lot of us who believe that bitcoin will be doing awesome and even invest into silly shit coins to make a huge amount of profit where in fact reality is we are going to end up losing money on most of them but we can't stop ourselves on this run as well.

However the thing we are smarter about is getting out instead of staying in with these, we did make some profits and with those profits we are more ready to get out quicker this time around so that we do not stay and hold too many bags during this period. We are going to lose some money, it is not like we are going to be 100% fine but at least we are more ready this time. So, do not feel bad that you were like that but feel like you are more ready this time around.

Trading is all about selling and buying at the right time and people call it a mistake to sell cheap and buy costly coins but this is just unfortunate and not a mistake because none of us knew which direction the market will swing in coming time and we still don't know. There is a difference between panicking and being over confident with your coins. Like with bitcoins as the price drops, I do not worry too much. But when the same happens with a another insignificant coin of lower volume and market cap, I am much more aware and active because the coin might be dead while I am sleeping and its better to sell and avoid losing everything than to sleep on the coins and lose everything next day.

We must never be in any hurry but also like you said, make sure you are not to greedy. Crypto is all about balancing between greed and panic and being sharp with decisions, if even they are wrong sometimes.

Hmmm I am seriously not liking all these dramas that the cryptocurrency market has been turning into, and by that I mean the Dogecoin market, like seriously how can just one guy be telling everyone what to do and they are sheepishly doing as he says. So, that means this guy has some really good chance to cash out big.

He can just say one thing and cause the Dogecoin market to go down and then he will invest billions of dollars and then tell people to start buying and they will stupidly make him even more rich. This is really dumb asf, I have not even invested in the Dogecoin before and I don’t think with all these things that I am going to do that, their community is now Elon’s puppets.

Honestly BNB is a marvelous one that increased so much because of how great it is. All other ones are great too, it is a weird year where I think everything is great, there is nothing wrong with any coin right now and I feel like it is actually going awesome for almost all coins maybe except just a few one. Obviously speaking I am not saying pick any coin you want and buy it and eventually it will go up, all I am saying is that market is doing great as of right now. Today has been a horrible bloodbath but otherwise we are doing fine with all of them for the past 300 days or so.

What I would really want however would be to see BNB and Link and Dot type of a bit more higher tech coins to increase, there are too many coins that I feel too "copy and paste" of each other that are in the top 30 right now, they do not really bring anything new, the ones that are new and bring something different should be higher than the rest.

Actually this is more specific for crypto trading because the market is so volatile and risky that an investment in a wrong coin might lead to damage beyond control while a small mistake like not using stop-loss can also lead to losses. Trading without knowledge and learning is like gambling because you are just trusting your luck and maybe being over confident with it.

Actually profiting in early trading is even worse because it either makes you overconfident in your skills which don't actually exist since you are new and just got lucky or it makes you think trading is easy money similar to how gamblers think when they win. Both of these will lead to bigger losses later so its better to have small loss early.

Yes, as others have said as well, demand and supply is the reason behind the price volatility and the demand and supply are never going into any kind of equilibrium situation so the volatility will remain always. There are times when the demand is higher as people want to invest into crypto so the market price goes higher and similarly when people want to sell their coins but there ain't the buyers on that price, the market drops as the sellers have to sell at a lower price.

Not sure why the volatility bothers anyone since the introduction of stable coins was made only to bring stability in the market and let bitcoins be bought and sold as assets and stable coins as a currency for payment.

I remember finding 40 as "a lot" and right now it is about 150 for sending under 2 minutes. That is really not normal right now, the link you sent me also shows the minimum as what it should be but you could always try to go lower and lower. I have sent with 20% less than what the "minimum suggested" before and it still passed, took some time but it still passed, I know people hate waiting for hours until your money comes but as long as it doesn't get rejected you could do it.

So, what I do is go for like half of what is suggested which gets rejected 100% of the time, and then I go 1 higher and 1 higher until it doesn't get rejected and eventually reach to a decent level. Of course this was back when ethereum transaction fee was like 4 dollars or so, and not what we are anywhere near those levels anymore since ETH price went up while ETH cost of fee went up together and made it even higher.

It is already destroyed candidly speaking and I am not sure what kind of support is gained by XRP in Japan but I do not really see anything good happening with XRP anytime soon.

I never heard of the PayBito exchange but they suspended XRP trading if the article is to be trusted: https://cointelegraph.com/news/us-crypto-exchange-suspends-xrp-trading-in-light-of-sec-lawsuit

With so much bad happening around XRP, it must be a challenging time to hold and invest into crypto which is why we clearly see the market cap, value and volume being decreased over time.

I think the same and when I first started using Bitcoins, I used to consider it as an alternative for PerfectMoney and other payment processors which was easy to use and no reversible transactions were possible which was a big problem with using PayPal. I think Bitcoins as we call it - cryptocurrency so we better understand it as a currency only which works in tandem with our fiat and other payment processors.

Traditional currencies cannot fade away just because bitcoin started dominating the market in terms of price. No matter how valuable Bitcoin gets it will always be considered as an alternative but the primary and traditional payment methods will remain. Maybe the number of transactions happening over the crypto network increase and more people use them but again its just Bitcoins becoming more famous still not replacing fiat by any means.

I understand what you mean but all the companies are trusted and big unless they start cheating. I remember a case of PlusToken scam how they used to pay interest and I believe they said they are investing your money into upcoming good projects are sharing the revenue. It was such a big site and name that the crypto market was shocked and even broke last year when the news spread that they scammed.

What broke my heart was the message they left behind after scamming which was something like "sorry we run" which shows how cruel and selfish these guys can be who from outside looked like a multi million dollar company. I would be never in favor of giving out my coins to anyone just like that for a few extra dollars of income.

For sure borrowing money should be the considered when you have no other option and you are sure that the money you are borrowing, you will be able to earn enough with it to pay off the loan and the interest. If you have taken a loan on 15% interest lets say then make sure you are at least earning 16% or more with it otherwise its useless and harmful.

Also keep in mind that if the price remain stable for sometime you will lose money because you need to pay interest and how are you going to pay interest when the market hasn't moved much. So better to just buy bitcoins with the amount you own and don't get mad about holding more bitcoins beyond your pocket allows.

Yeah and just tell an ICO owner that you have money they will convince you into investing your money somehow. I have been lured into investing myself so I cannot blame others but we must avoid ICOs now days completely unless someone of your own family is working in their team .

Greed is not a bad trait to have for a trader because while it will make you lose money it will also make you earn bigger on the same coins. One might have bought Bitcoins at 10k and sold at 20k but the one who held till now can even double that amount and in hindsight he made the better choice, but actually it was all because he was greedy and it paid off.

Investing into the wrong coins and then being greedy is dangerous though, so correct your decisions and even greed can be your best ally.

Profiting 30 USD with 1k ain't that bad daily. Because that is like 3% returns on your investment and that too daily, which means within a month you can double your actual investment. If you are actually this good and don't mind sharing please tell us how you actually do it, because I tried price trading but can't really manage to do it much.

Sometimes when the price is falling it will just keep falling down and when its rising it rises for days and I do not get chance to actually earn much. How much is the difference at which you trade. I mean like if the current price is $50k for example so do you buy and sell at $49.9k and $50.1k respectively? I would really love to know how you trade if you want to share.