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.

You know, actually people who held some coins are happy with the bull run but the people who used crypto more as a payment method than holding them are upset because with the pumping we have seen the cost of transaction has significantly gone up and the confirmation timing has also painfully increased form some blockchains like Ethereum and Bitcoin.

I am not much moved by the transaction fees actually because I hardly do any transactions apart from my trading which all happen within the exchange itself and no actual transactions are being made. I mean I have all my balance on exchange and I can sell/buy anything without actually doing transaction. I pay transaction fees only when I actually withdraw to convert for fiat.

Bitcoins and other crypto were never meant to be used as a payment method either to be honest. I always thought of Bitcoins as an asset and because of the nature of transactions it was being used as payment method. Even during traders buy and sell crypto there are transactions made every time and I agree, when you consider any crypto coin as product its easiest to analyze and hence determine the value in future.

Binance chain is indeed trending but I would wait and see how it does, I almost agree with all the coins mentioned in OP but I don't like Tron because it is not doing much and it has become a coin which people are using to save transaction fees, but it does have the potential to actually bloom.

Interestingly it is about a "niche" situation because he could talk about how everyone should buy apple mobile phones and it wouldn't really change too much if you ask me. Sure it might had a small spike in sales for few days but that's about it.

You know what is the difference? Well in crypto world it is not something you buy and use and it ends, many products are like that, you get it, you use it for either maybe one day or maybe 10 years but eventually it becomes nothing again, here in crypto you get in and you have it.

It would be like Elon saying we should all go into gold, and buy physical gold as well not just digital numbers, that would have little impact as well because gold market cap is like 10x higher than we are right now, so it wouldn't be that easy to move it. Long story short it is really not that easy to make these kinds of things happen but Elon did it for something "nice" , which is first doge, then got that hype and move it over to bitcoin.

I remember a very intelligent line from some philosopher or someone " First they ignore you, then they laugh at you, then they fight with you and ultimately you win" and I honestly think this is what is happening with Bitcoins. When it was new people ignored, now as it got more popular some investors laughed and called it a bubble. Then now banking systems are fighting against Bitcoin and ultimately looks like Bitcoin is going to win now.

With more and more investors putting their money into crypto it makes me feel like its about time we will see bitcoins being accepted worldwide although it might not be precisely bitcoin because of confirmation issues and fees so it might be crypto payments in general.

Rightly said but let's consider an example. You know if you bet on Djokovic to win in 4 sets against Zverev you would have doubled or even tripled your money, so did you miss out on that? That is how you are talking because yes one could have doubled their money if they invested in right coins at the right time and the right amount, which is not easy to actually do when you don't know how the market will behave in future.

Also have you actually doubled your money then? I don't have a crystal ball with me that can help me determine the prices of altcoins or bitcoins in future, if you have one please share with me man. And hey no hard feelings, I was just trying to tell you how hard it is to actually double your money and how easy it is to advice someone to double their money.

I have similar thoughts about tether and I would rather sell and store fiat directly instead of keeping these so called stablecoins who don't have any base and the whole idea of bitcoins and crypto was to make payments decentralized and these stablecoins are now killing the basic idea itself by centralizing the reserve and the control is always in the hands of owners.

That's how it seems but every good thing might come to an end, I would rather use bianance usd because I already keep my bitcoins and altcoins at binance so if they turn scam, I am screwed anyways.

"Let money work for you" is easier said because to let money work for you starts with the assumption that you have money already. I agree that smart and richest people today are those who know how to earn more money with what they have and that's through smart investments.

People often think that money is everything but if for once we sit back and relax, we would understand that while money is important it is not the only thing. Imagine the corona virus situation, no matter how rich or poor you are but you can still get affected and since there was no defined medication you might suffer. So while money is important, what's more important is mental and physical health along with how well you cope with the society and what you do in life.

If you think of life as a race then remember the one running fastest will be the one who meets the end of the race faster which ultimately is death.

Haven't been too involved into taking and giving loans because I never needed loans while never lent to anyone because I hardly trust anyone in this crypto industry to be honest and because of the anonymous nature of Bitcoins.

If you are interested in giving loans and earning passive income then the best place I know is a section of this forum - Lending Section.

But, before you give out loans make sure you take enough collateral from them and verify that the collateral is worth giving the loans and you might see some threads there to get an idea how lending works and what are the usual interest borrowers pay.

Yeah a lot of them have finally come to understand Bitcoin and how it works, they are now starting to accept it.
I also saw a news headline that MasterCard will be supporting cryptocurrencies very soon, although I am not sure the cryptocurrencies they are going to be accepting because of the conditions they have given which are that the coins are going to be coins with privacy and stability and also coins that complies with money laundering laws, may looking at that I am starting it’s going to be stablecoins that they will making selections from, and not the volatile and decentralized ones like Bitcoin. Although it would have been cool if Bitcoin is on the list.

The question asked in OP is like two years old and I am not sure what prompted the thread to be bumped but yeah almost all the signals groups and self-claiming experts are just scammers trying to scam some innocent guys who are new to trading.

I have myself been part of such groups and thankfully I only joined the free ones and one thing I learned about these groups and signals is that, it is better to analyze of your own because at least that ensures you are not being trolled and with time you get better. While if you follow these groups you just get more and more dependent on thee groups who are doing nothing but playing guess games.

Well, yeah Musk is pumping it no doubt but I don't think he can actually pump it enough for doge coin to reach $1 and this is because the cost of dogecoin if I am not wrong a few months ago was like $0.005 and even the richest man on earth alone drag the worth of a coin to 200x alone. I mean if there were others who were helping him and there was a group of investors maybe doge coin would or could have reached $1 but alone him cannot really pump it towards $1.

If it still reaches 1 dollar that would be a worrying sign though because it shows us that even a single guy, although the richest one, is able to control and manipulate the crypto market alone.

Yeah, it has been crazy but the pumping behind doge is unexplained because there is nothing being built on the dogecoin or anything like that, at least i am not aware of anything like that. All I know about why its going crazy is because Elon has been tweeting some strange tweets about dogecoin to the moon and that makes it everyone buy it hence the price going up.

I don't know why he is pumping dogecoins and even Bitcoins, I appreciate him doing that but there must be a reason for him to do that. Lets hope there is no scam or massive dump coming up because not everyone is as rich as Elon Musk to handle losses in case dumps actually happens. He might become a overnight villain if some kind of dumps happen.

It actually depends on the financial status of the person who is given the money. I remember recently stake did a raffle where they gave the winner an option to take something around $200k or a Ferrari and I believe it was GDLE who won and he chosen to get the cash because as a gambler he would relish cash more than the car.

Maybe if you ask Elon Musk the same question what he would do if you give him a million dollars then he might go with a Ferrari but someone who isn't as rich as him would most likely lean towards getting the cash and how they invest depends on individual's intelligence and their risk appetite.

Yes, I do trade altcoins pair with Bitcoins when I feel the Bitcoin market is about to go higher and the altcoin market won't be able to maintain the ratio in terms of Bitcoins. Like for example when bull-run started a few months back I knew TRX will not be able to keep up with the Bitcoin ratio so I converted by TRX I had into Bitcoins for the time being and now very recently as the TRX market started to bloom, I bought back into TRX and the pair moved higher.

This is how I benefit and profit from altcoin pairs but its not easy and you have to be very alert because most of the times altcoins are falling in terms of the BTC pair and there is a feeling we should hold them a little longer and wait for the market to recover.

If we are to go by the definition of what money really is, then they are all money, since of the definitions of money is assets, properties and resources, and cryptocurrency is part of assets, so that makes it money, and whatever the central banks are going to release as their digital money , if we regard them as assets, they are still money.

So, all these things are money in the sense that they are all part of our wealth. But no country has really released a digital money yet, and those who claimed that they did never had it functioning. So, we don’t have any as of yet.

10x profit is something which may happen once or twice in decade. Maybe it happens in this crypto space more frequently but only whales could cover them as there are 1000s of altcoins and only 1% of them are having potential to grow 10 times in short period; if you miss the timing then investing those 1% of coin also will be meaningless.

But, bitcoin is known for getting us 10x profits every 4 years. I have been watching it since 2013. If bitcoin gets into 200k region this year, then my speculation on bitcoin for 10x profits every four years will be accurate one.

You must focus on long term holding which is the only strategy you must learn and practice. For long holding, only highly reputed coins like bitcoin and ethereum are good so do not risk on random coins.

It seems literally they are making their actual business here; Why we need to pay for approval and then for processing in a decentralized environment. These things are honestly making me thinking like we are into a dictatorship. They fix some unnecessary steps with insane fees. Really ridiculous. I am sure like ICO boom, this defi hype also will bite dust in near future as they are not finding their success by solving the real problem but doing business by sucking people's money in different names.

Due to high fees, I have already decided not to go for encashing as of now as I got few of them through airdrop and bounty rewards. They expect me to add more tokens before encashing, but I take another routine which costs nothing to me.

Many of them already got it, BNB got a huge increase as well, LTC recovered a lot, XRP did as well, Tron went up, LTO did too, there are so many coins that recovered or increased a lot that I can't really say that it was Doge that went up, sure it got a pump and may look like it went up a lot, but many other coins had that kind of increase over course of the last 3 months, I believe we have been in the alt season for the past 3 months.

Sure there could be some more increases in some other coins, but that is not going to be that clear to anyone before it happens. But be careful about eip 1559 that is going to happen in ethereum world, if that passes and the transaction fee's of ethereum becomes under 5 dollars again? That is going to take ethereum into 3k+ range very quickly and very easily, otherwise this high fees will cause it to stagnate for a while more.

Well, there are some places that does pay you interest for your USDT or anything like that, which is really not that bad, I think it is quite good and I honestly think if you could find a way to make that more trustworthy, or get it from a place that is profitable, that could end up with a great amount of profit in the future for you.

I have invested a lot in them, I am a bit afraid because if it crashes that means I am going to lose all my money that I put aside, of course this is money I can afford to lose but I still think that I would rather not lose them .

However making money via crypto currency by putting dollars into something and making a huge return all thanks to system representing a ponzi like scheme where you do not lose money as long as people do not withdraw a lot is actually quite good. I do not think that people all would withdraw together and I think we are going to keep making this interest.