It seems he already knows the answer because he states some reasons there and he was so bullish about it but he likes to share his insights to us that is why this thread is here. He thinks the new variant is better for the market because he sees that covid brings some positive impact in the market. You know, people stays at home and can discover something that they didn't know before like cryptocurrencies.

There is also stimulus and there are reports that some people use it to invest in cryptos but of course the health is still better over those material things because once it lost there will be no other replacements for it. In case of a bear a hodler can still buy a crypto in addition to what they are hodling.

Not this week, a proper sell has to refute the upside case first.   A rush to conclude prices is not often the way BTC proceeds, people like excitement so expect everything now but its a bit of a slower process then that.   The world only turns once every 24 hours and some people are asleep right now, situation development requires involvement of many parties to achieve any kind of consensus and movement.  
  I kinda wish we'd see that low event this week (can be 19k or any price not sure yet) and then put it behind us but I dont think it occurs immediately as we are only just newly arrived in the 200 week moving average area.


Today we've been tracking back and forth across the 12hr average.   The first tiny part of moving upwards is returning positive on the latter part of the day at least.

So really, does not matter from here on if we dip any further, current prices are just good, 15k is better, 10k is even better, one should be prepared to accumulate at any given price, big or small it does not matter, what matter is, buying a solid asset at 70% off or more from ATH was never a bad idea. 

I believe that people that have a btc on those countries have already existed before btc came therefore they can continue doing those things again that made them survive and grow even without the help of btc. The country of china have re-allowed btc before on their country. They are the same with India and others that can ban and unban btc/crypto so there might be a chance that they will do it again.

Btc users on this country should hope and pray for it but for now they should avoid any other activity that is deemed illegal like using a vpn to access restricted btc sites because that will be a big problem if ever they got caught.

Although I know all this, it's nice to read this particular text and many others in this thread. I myself wasn't that smart in times when BTC went from $20k to $3k. I thought it could go to $200-$300 or something, and I cashed out a lot at $3k+. I mean, I needed the money, it wasn't like cashing out and then keeping a pile of USD in the closet, no, I really needed the money back then, but, idk, maybe I'd better borrow the money and paid back when BTC was $60+?

It is not that simple, I would say that when we know its not doing fine, putting a stop loss at %50 would be understandable, because anything that goes down %50 would probably go down even more and that is understandable. But having any stocks or gold compared to that? They do not really go down %50 that easily, maybe some stocks could, but not the market in general. This is why there is a big difference between the two. I still say you should go with crypto though, because you donot make x100 with stocks that commonly, but doing x100 in crypto is not unheard of, in fact it is quite common during bull periods.

It is not the same thing, you are somewhat making a mistake, you cannot compare the plunge of btc with that of Luna, or any other shitcoin/altcoin for that matter, you must take into cognizance that most altcoins including Luna are pump and dump shitcoins that only pumped in the network due to hype, and quite a lot of them die when the hype is over, they dump and do not rise again, these are the sort of coins you sell the moment you make ROI or immediately they start to crash so you do not lose your money, because if you think of hodling it for it to rise again, then you'd be making a grave mistake.

I agree with your point, but if you do not want to stake unstable coins which are very risky in this time of bear market, you can still stake coins like USDT, USDC or DIA which are stable coins and you will get your reward for making your coin active in a pool. During bull market you can also stake unstable coins like Ether.

That's the reality, at first, during the early stage of bitcoin, I thought it would be untouchable by the government because it's the opposite of what the government is practicing, bitcoin promotes decentralization, but how can we enjoy it when anonymity will become a crime every time we transact bitcoin.

The privacy we are fighting is not legal, so anything not legal is punishable by the law.  

It's true that we've been here. If you're new then for sure that no ones to blame if you're ever feeling to panic.

But for us, who have been here during the toughest bear market like in 2018, we know what to do and we just have to chill and if you have money to spend, buy bitcoin.

Being patient is one of the factors that will save you survive this bear and will also help you to be one of those people that will have a good moment when we're back in bull.

a month ago, there was an opinion in the media that the growth of bitcoin in 2021 could be triggered by the transfer of assets from the stock market to bitcoin, as shares are constantly losing value due to the current trend to curb inflation and price growth, and this can lead to growth bitcoin prices in the region of $70,000-$100,000. Although I personally do not believe that bitcoin will show  ATH in 2022, the loss of correlation may allow, for example, the price to rise to $50,000.

After what happened to UST. Many crypto users are now choosing BUSD and USDC. because these two Stablecoins conduct regular audits.
Meanwhile, USDT in terms of audit, regulation and underlying storage is less transparent. so many sell it and switch to USDC and BUSD. maybe this is also one of the reasons. Moreover, there have been problems in the past that have tarnished the reputation of USDT itself. although USDT at that time was able to solve the problem well. But people are still afraid and feel that USDT is still a high risk.

As I mentioned in some previous posts, any other BTC / Crypto adoption from here on is out of our hands. What we mustn't do is preach the BTC gospel to everyone and anyone, that's bad and it's ineffective, even counterproductive.

Other traders might find it helpful and others might find it devastating. Your mistakes that you wrote in your journal could help you to avoid the same mistake, which leads to growth because you're gonna find another way to correct it instead of doing it again. On the other perspective, looking at your mistakes in your journal might give you a certain impact like discouraging yourself to quit trading because you committed already a lot of mistakes and stopping trading is more wise.

Without a doubt the lack of emotional control can be a huge issue for a lot of people, not only when they trade or invest but on their everyday lives, after all it is not rare to see examples of this all the time when we watch the news, so it is not surprising this is an element in which a great deal of traders fail and which causes them so many problems, so only those which can let their emotions aside and trade by only making use of their reason have what it is necessary to have a chance to become successful in this market.

I can still remember how some sanitizer and musk were sold at double price than its normal price. There was a huge shortage in the supply because people were buying them in a rush. Selling face musk become some people's full-time jobs because of huge demands. TBH there fear that the media spread about the COVID-19 was overwhelming. I personally saw one aged person die because of COVID-19.

Interest rates around 10% are considered pretty high. Having high interest rates in combination with a heavily regulated and manipulated currency market means that:
1.The national currency will have high value. Countries with higher interest rates have higher valued national currencies.
2.The national currency isn't fully convertible into foreign currencies, which means that the current market value isn't the actual value of that currency. Nobody knows the actual value of the Russian ruble.
I really wish the European Central bank to slowly raise the interest rates to levels around 10%, this would definitely make the euro more expensive, which might make the gas and oil import cheaper.

The Luna pride fork is a joke really. I don't think anyone with half a brain would expect anything to happen here. People who you see buying this are likely delusional and just trying to cash in on the many people that they think will be dumb enough to buy it. It's sad!!! Oddly enough, many crypto users are expecting the new Luna to get back on track, but how does that happen?

Fans tokens are the real deal, they don't disappoint and they always maintain good value, even if a bear market is very tough fan tokens will be one of the few that will withstand any bear threat that may come in near future, though nothing beats buying at discount price and taking profits.

The SEC is the most powerful organization in the financial world. Nobody wins against her in court. Ripple will lose in court and Binance will lose. It is only possible to negotiate with the SEC and pay heavy fines. There will be no other option for the development of events.