I haven’t used LocalBitcoin website so I can’t tell how it really works, but I think it’s the same thing with Paxful, they are both decentralized exchanges where buyers and sellers can meet. I have seen the one Paxful, I even have the mobile application on my phone and I have gone through it to see and understand the process and I have seen how the buyers do their business, there are some fees the buyers will charge.

The reason I haven’t used any of these is because I have an exchange that I have been using that only charges me a small rate and then send the money to me, so I haven’t seen the need to be making use of any other for now.

Actually during crisis people sell their assets but Bitcoin always benefited during these times because the market was solid and despite a big drop when it touched around 4-5k but after that the market only went up, which means investors would be hesitant selling Bitcoins. Instead they divested from other assets and invested more into Bitcoins because of the growth.

I would not agree here because despite Bitcoins being one of the biggest and hottest topics in the market we are yet to see Bitcoin being spent into regular activities and things like online shopping.

True. Neither the banks can trigger a crypto collapse nor the vice versa is true because while crypto are powered by the people and controlled by us, banks are always under the government and a collapse of banks would mean a collapse of the whole country to be honest.

If that happens it also means a collapse for Bitcoins because to operate and trade Bitcoins we do need humans and if everyone is dead we don't have any possible way of keep Bitcoins alive either. As much as I like Bitcoins, I believe there is no possible scenario where the banks would collapse but the Bitcoins won't.

I think having few altcoins bullish and others not so much while bitcoin goes up is a proof that there is no more alts or bitcoin type of deal, there is individual coins all over and that is the case for most of them from now on. This is why I think we should focus on investing into the good ones, the ones we believe that will go up and have a reason to go up, we should ignore the ones that have no reason at all to go up, and that is the one that may actually profit you while some alts are crashing.

Of course it is going to be tough to find that one, but you have to do it because if you just invest into alts like they will all go up or down together, yours may go down while others go up, and you will be upset that you picked the wrong one. Look at all the XRP people for example, while others made 10x returns they barely did x2, probably not even that.

DAI is good, the both of them are good and they are top stable coins, although I would say Tether (USDT) is taking the upper hand because it has more liquidity than DAI. And by the way there are other stable coins that I would put on top the list, and if I am to mention top five DAI wouldn’t be among the top five, I will start with PAX which was created to compete with Tether, we all know the problem tether has been having for some time now, and PAX seems like a good replacement for it.

And there are other ones like True USD and the Binance USD. But for the two that you have mentioned , USDT will be a better option and I have already stated the reason why. And try to look into other coins that are out there.

I really don't get why the richest person on the world has time to joke around about dogecoin, not that he "can't" but my god someone who "worths" 200+ billion dollars should definitely not be focusing on this and keep focusing on something else. This is basically the proof that people should not worth billions of dollars, nobody in the whole world and history has ever "earned" billions of dollars, it was always forcefully taken and people do not see that, Elon joking around about doge while his workers are paid regular normal amounts are the exact proof of this, I am not saying he pays them a little but I know he is not paying them tens of millions of dollars neither.

What makes Elon rich is the idea that his companies worth a lot, and that's it, which means if he is not there everyday actively working, why is he worth so much and the guy who actively works there is not? This really pisses me off.

Yes, if you can’t take risks then you’re not ready to start progressing. Not taking risks means that you’re still living in your comfort zone and when you remain in your comfort zone there is nothing new that will happen to you until you’re ready to step out from that comfort zone and push forward.

There are some people who are always scared that they will lose what they have if they step out from that, and of course things like that do happen, and when it does it’s still up to you to decide where you go from there, it can be a lesson but it’s not the end. You can still continue giving it a try until it works out.

That is the point here, people could work from home for any company in the world, and that brings the world into an online and global level that ignores all the borders that governments put themselves. You think England and Malaysia too far away from each other and someone from Malaysia would have hard time finding a job in UK? Wrong, why? Because bitcoin made it clear that if you have the talent for it, you can get the job, there is no more jobs just around the corner.

Back in the day all the people you could hire were the people who lived around you that can travel to work and go back home every single day, now you have 7+ billion people who could work for you, that is the point. Obviously at least few billion won't be available but having 1 billion pool of workers to pick from is still awesome. Bitcoin managed to fix the financial parts of it as well to make it simpler to hire someone.

He "could have" done that but I am pretty sure as someone who is so closely watched by the SEC (so much that he couldn't even joke about Tesla prices on his twitter) I am pretty sure if he ever collected a ton of doge with his own money, then promoted it to make it go higher, and somehow manage to keep selling that much doge without making the price crash? Even if he does that, after that how is he going to explain his newly found wealth?

He is already richest person in the world so I am sure he doesn't need this but if he made even tens of millions of dollars from this (nothing compared to money he has) he would still have to explain it to SEC and they would see what kind of transactions he did and they would see his twitter and he would be punished for market manipulation as well. So long story short he can't do what you suggest without getting into trouble.

If you see the price going up and you stop investing into them that means you are going to make it stop going up so it will be a self-fulfilling prophecy itself by doing that. Do not think that just because it went up it doesn't mean that it will never go up even further, it will definitely go up and continue to go up, that is just how it works and I think it is quite important that we keep investing into bitcoin and ethereum so that they could go even higher.

Price of ethereum went above the ATH but dropped to 1300 dollars later on and now it is a lot higher, looking like 2k is not that far away now which means even though it was quite high, people still invested into it. Price of bitcoin went to 40k, but dropped as much as 29k, it also went higher later on and nothing really big happened and it went up again to near 40k levels as well. Which means you should not stop just because they are higher now.

I guess this new year will bring a lot new stuff into altcoin world, we are going to end up with a lot better situation in crypto without a doubt in my mind, of course it is not going to be sudden, we are already beyond january, but look at how alts are doing already. If you ask me by this summer we are going to have a lot of great numbers, ethereum over 2k, bnb over 100 bucks, dot over 30 bucks, ada over 1 dollars all of that will be reality by this summer if you ask me.

Obviously do not make your investment decisions based on me, I am just a stranger online, this is just me saying what I am doing based on what I think will happen, it is a prediction but also an assumption since I do not have anything guaranteed in my hands so I know that it will not be guaranteed at all. I like alts more than I like bitcoin right now and that is how I make my decisions.

I believe DAI is the best one until something wrong goes belly up there. All the other ones I know of is tied to a company, busd is binance, usdc is circle I think, gusd is winklevoss twins if I am not wrong, and usdt is the biggest one we know and that is tether as we all know.

I do not like it when other companies have their own coins, this is valid for xrp as well because it is tied to ripple company. Whenever there is a company behind something I am not really fine with that and I think it should not exist, we should all have decentralized currencies that is not tied to anything.

DAI is like that, it is a decentralized one that is not tied to anyone or any company and that is why I think that one is the best one by far. I hope that one day everyone realizes this, sells their usdt so that we do not have all our money tied with just one company that could steal it.

Yes indeed and I would like to see if OP took too many risks or if there was a safe way to achieve such profits because lets be honest trading can be almost similar to gambling if not taken seriously and you might 10x your money with a new coin but next day lose everything.

Agree. I have seen some of the best traders getting overconfident and losing their grip on the trading skills. Another thing I would like to ask is was he doing leverage trading? Because I still cannot believe someone can make that kind of profits within the first month unless they got super lucky with some coin or just naturally too good.

This is the reason I hate using stop-loss actually because I can understand if you are trading 50 assets and cannot keep a track of all of them but if you are only trading Bitcoins then better manually trade and avoid using these features like stop-loss and take profit because the market in crypto swings like crazy and people who have tight sell and buy orders are usually the ones who suffer.

Actually some traders use a common strategy where they would have sell orders for 2 units less like if the price is 40k then buy order at 38k and sell orders at 42k which is a good strategy and very common and some even trade with 1 unit difference but at times when the market is moving in one direction only, you will get in trouble.

I woke up yesterday with a news that my government decided to ban cryptocurrency, and this is something I saw when I logged on twitter and it was trending, I started regretting why I went on twitter lol.

But anyway, I am not going to give up on cryptocurrency and that’s the same with my friends that are into this field, everybody is now looking for means that they will still continue their cryptocurrency business and it’s definitely working. No giving up at this time. Cryptocurrency really changed my life when I used it the right way, especially Bitcoin, so I don’t think anyone is going to be able to talk me out from it, I am in full-time.

Yes, it makes no sense to use #Bitcoin in your public twitter account unless you are deeply investing into it. I am quite sure there are more whales in the market than we think and I wouldn't be surprised if Satoshi is soon revealed because who knows is Elon musk is actually satoshi .

That's the funniest part because he might own 250 BTC instead but because of the nature of Bitcoins we never know how much who owns actually. I mean there might be guys with millions of dollars in Bitcoins from their early investing but we don't even know them because they are hidden and might have their bitcoins split into 100 addresses.

I do not think it is wallstreetbets that are selling. Do not forget that if there are not enough buyers, we could drop the price of anything we want, between just two people. All we need is a bit of enough money for covering against people buying and its simply easy to sell to ourselves and drop it. How? Let's assume price is at 350 dollars, and you want to drop it to 250 dollars right? Well if I put an order at a "secret exchange" basically, and everyone shows that, I could sell it for 340, and you will buy it and sell for 330, and we can continue this until its 250 bucks.

After that the only thing that keeps it low would be people not buying, wallstreetbets already buys a lot but they may not have enough money to buy that much, so price would be artificially dropped but would be organically required to go up, that would be harder of course and stay low.

I really do not have a preference when it comes to things like this but it depends on what you are looking for when you are dealing with these. I mean metamask is the best erc20 wallet out there so if your only situation is to have any erc20 wallet the best one is metamask and you should focus on that.

However if you want to make sure about security of your coins that means you want something more safe than just a browser extension, I get that people talk about how it is almost impossible to hack into metamask but they forget that it is easy to hack into someone's computer and steal their data, a simple keylogger would suffice in this case, or even creating a fake app and tricking people into giving them rights to work with that website and when they think they are playing a dapp game you steal all their games. Hence at the end of the day ledger is more secure, metamask is easier.

I understand that doge may have its use in some cases, I like it for two reasons as well, one is the fact that they got together and did community stuff YEARS before wallstreetbets did, they helped the jamaican bobsled team and sponsored them, they had an ad spot on a nascar race car, and some other stuff I can't remember now but they are definitely a fun community to be in and do good stuff, secondly of course gambling, it makes things easier and cheaper there as well.

Long story short they are good for some things, but as you may have realize I didn't list investing in there, you may not like investing into something that is consisting of good people, just because doge people are nice and you can gamble with doge doesn't mean that I would want to invest into it, I rather invest my money into bitcoin even if bitcoin is not as cheap as doge.

No doubt man, if we miss out we miss out, I already missed out on so many increases and I am totally fine with it, I paid few bills as well and like I said some emergency stuff, but I am really not that bothered by it. I do not buy bitcoin that is my thing, I earn it and that is why I can either spend it if I want or I could keep it if I want, it is all my personal choice and I really do not feel any attachment to it in an emotional sense.

It is experimental like you said and I think I am already hole and can say that I made all I can make from it, if I have to quit work because bitcoin crashed and go work in a regular job I would be fine with it too, obviously I rather keep this one going as long as I can, until I die, but if I can't, I am totally fine with it as well, I just do not see the point in people acting as if everyone has to hold forever.