I see there, so with a certain country banning bitcoin mining, there is now an increase in bitcoin demand in another country.

I just hope that altcoin bagholders start to understand this and get out of their altcoin bubble soon enough to be able to partake in the bitcoin bull start. If they dont, they will be stuck with low value coins for another long period.

Yo, try explaining that to the altcoin maximalists and see how much they will diss you for just saying that. No wonder why the altcoin community has been so toxic for ages.

Correctly said, but the point is that people out there want to take the risk but they dont know when to exit. This NFT hype has been used to pump and dump worthless objects and those who successfully used their influential position to do this, managed to make a good profit - but they know that the hype will not last long so they also exit before the hype ends. Common crypto users cant do that in time.

Just assume that I create a channel on telegram and spam its name all over the internet in order to get a large following and then just post whatever coins I have in order to allow the members to pump it so I can dump on them - does that not sound like nice method to "scam" these people? Afterwards just delete the group and your account and everything is gone, with nobody to pursue you for any legal actions.

In today's internet, where anyone can become anything without qualifications, we have numerous "Life-coaches" and "Financial Advisors" who are none but manipulative people who know there is a market for people to guide gullible newbies into traps.

That is a good idea, but would you rather not spend time preparing your own charts than on this? Besides the number of channels that actually post something logical is <1% and they are not easy to find. Noise is much more than Signal here and that also indicates how easy it is to run these pump and dumps.

It is a bit longshot for me but from the OP's perspective, assuming trading to be a one-man-army business, the fees are the costs of setting up the business proper.

I could also say that education costs would be the expenses to get up a well-paying job. But you have to understand that a job or a business usually ends with an almost constant timely income. But trading does not.

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It is actually a similar type of explanation. But a better one for the newbies who might read this thread - take mistakes as learning points and not failures. It is a failure if you assume it to be. Taking it as a point in your experience to correct it and look back on it for future lessons is the proper approach.

Still I consider some mistakes in early trading to be due to impulses and there is nothing more to learn from them but to control your impulses. If one cannot practice this properly or trying to control impulses ends up irritating them more - then they should stop trading, it is not for them.

It is just me, or are users on this forum talking about stablecoins a bit more than general? Stablecoins did not solve a problem, they only added to the cesspool of altcoins that keeps on increasing everyday. The only use I see for them is a intermediary to hedge against volatility at times of need.

Fiat based economy vs crypto based economy if you try to find some metrics on this, you would have understood your mistaken logic a long time back. Crypto is still in baby steps and is nowhere near to compete with fiat. Although we are currently seeing some countries accepting crypto as legal, it takes a lot more than that to educate and spread awareness about crypto to the general public who are comfortable with fiat.

Fiat and crypto have their pros and cons. One cannot replace the other but they will coexist.

However I do not like the fact that you equate crypto to stablecoins pegged to fiat, because the latter is not a cryptocurrency but fiat in a digital form only. Unless you broaden the definition of cryptocurrency. For me, it is a decentralized censorship resistant currency and that is bitcoin.

Most projects talk about solving a problem in the crypto sphere but in reality they do not do such. The point is that majority of the projects assume something as a problem while in reality it might not be one - they got their point and they sold their tokens to newbies and therefore they scammed some newbies off their previous bitcoins.

Hence even after going through all the above four point, one can come across a scam project or a to-be-failure project. The point is not to identify them to find the good one, but to avoid any such project and focus on already known methods of investment.

A project that actually solved problems is bitcoin. Period.

Like I said in my previous post here, you can take advantage of both situations if you know what you are doing and willing to take a bit of risk.

When the market is Rising - your weapon is the asset at hand - sell it for fiat and get the profit,
When the market is Dropping - your weapon is the fiat at hand - buy asset and hold it.

This cycling is important. Now if you are just starting out, you have fiat only at hand. In which case it is logical to wait for a dip and buy and the dip. Dont forget that this is not similar to margin trading, which is a type of gambling. In spot trading, you have some asset at hand always.

Excellent simile there. Truely the hype around NFT is not logical. Not so many people are actually collecting them, they are in it for the money. Collectible things are usually physical and not some digital thing. I at least prefer to be able to touch my collected artwork or trading card before boasting about it.

It will gradually die out just like any other hype-machined vaporware - some members of this forum may not like my sentiment but the truth should be accepted and they all know that.

The craze surrounding these things is the reason why it sells, no intrinsic value, no utility and no use. How do you expect to generate a demand for such objects? Pure speculation, nothing more.

The term is relative, is how I see it. Depending on how much a person can spend on investment options, it has been and will be expensive.

Not many people want to put their hands in crypto. A lot of reasons are there for this. Not everyone can take the risk of owning unregulated asset classes, when governments are not being lenient about them. After all they need to sell at some point and have exit strategies when it comes to purely trading.

Even if you are hodler of bitcoin, you will need to sell at times - these things need to be clear for the professional traders and this is lacking in many countries.

However I do see changes happening so I am hopeful about the situation and maybe then the conception will change and people might want to start accumulating bitcoin in fractions.

I would not say that they are the only ones. Tomorrow we might see another country making up ridiculous laws on bitcoin and that will affect the price similarly too.

The environmental effect of bitcoin mining is an exaggeration. This has been debunked several times in the past but seems like lobbyists who speak for the acceptance of green energy always use this as an argument to assert their pressure.

We might gradually see these green energy companies trying to arm-twist miner communities into buying their equipment for power generation and then there might be changes in their stance. What actually happens in the background is difficult to comprehend from one side of the news.

There will be stocks that are "over-priced" but commodities? I dont indulge myself much in the commodity market, but I can say that there is a constant demand for metals like Copper and Aluminum and they will maintain prices enough for their sellers to make a profit.

Before investing in a certain stock one needs to do some groundwork on what they are buying. I agree that crazy buying can happen but these people get washed out quickly and probably never come back again. The situation of bubbles that happened, a lot of reasons were there but these bubbles cannot be foreseen.

Today we can criticize those who had lost money back then but we forget that if we were in that same situation probably we also would have done the same.

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Now comparing with the crypto market, altcoins are "over-hyped" there is no doubt it. But the hype with bitcoin is less and the situation that happened with fiat is less likely with bitcoin. For those who are bitcoin maximalists, I dont think there is any problem here.

Just a friendly suggestion to not link twitter pages for teaching a newbie on trading. We all know and understand this deep down that these people who have rose to fame with the tag of influencer are not really looking to make their followers rich but only their own pockets rich. Anybody with the proper skills of manipulation can become one of these personalities today and therefore you are very less likely to get authentic analysis or information from them.

You will be surprised at the number of promotional emails they get from companies asking them to promote them for fees and most of them actually do this.

Hence social media should be the last resort for information. There are so many other places to learn trading from - I suggest stock market trading first so you dont get "influenced", but learn the basics and apply it to crypto.

I have been watching them for a long time now and what I conclude is that there is no direct relation between the change in bitcoin price vs change in altcoin price, at least that can be mathematically proven. What I have found is anecdotal and that includes the rise of altcoins secondary to rise of bitcoin and altcoins bleeding out once bitcoin become stagnant. Again they drop rather quickly when bitcoin becomes bearish.

So I would consider the current price change as part of one of these patterns. Give it some time and the proper change might become clear. But dont use this to trade.

This is a speculative market, any movement here is temporary. But if you looking for points to buy altcoins, then be ready for the large swings in price too. Eventually you will also realize that putting money in bitcoin is far safer than any altcoin.

Correction is probably hitting in as we speak. I assume there will be a number of traders looking to sell at the next higher round figure namely 50k USD at the current scenario but even before that happens there can be a crash if they all become last-minute-impatient and start increasing selling pressure. Today's price I would rather advice to hold and wait for the price to come down because it is bound to and then the dip would be worth buying.

You will get the profit only if you sell the asset at a higher price. No amount of research can change that. Importance of research is elsewhere - choosing the enter/exit points and the time of holding.

Yeah but just my thoughts that if Bitcoin drops from 50k USD, the chances of seeing 50k+ will take longer than 6months now. So buying at this price is risky.

The trader's own perception is more important. There are so many indicators to run and so much stuff that you can learn from them. But the conclusive prediction can never be done. It is because the market runs on different events and they all have a chance of happening anytime that you cannot foresee.

Consistently making the same mistake will not yield a profit. You have to be smart here - do the opposite of what the common people think. But this is difficult to perform.

If it was possible to just use a indicator to perform everything, then the people who worked on TA would have become millionaires already.

Simple and effective, indeed. But most newbies dont like that because they are in it to get-rich-quick and therefore they fall prey of shitcoins, scams, hyips and so on which are rampant in this sector due to a lot of reasons.

I would consider the money as long gone. Checking a few old threads which I remember that I came across while browsing the forum:

Minereum Token is it a Scam or Not?
Minereum- Another Ponzi Scheme ?

It is likely that the above threads point towards the only possibility that is very common but unacceptable by the people who put their money in it - A scam.

Since Livecoin also went down, you really dont have any place to sell those tokens. So in a way the scammers who ran this scam duped their victims properly.

In future do not focus on altcoins but only on bitcoin - my simple advice to all newbies, but nobody cares to listen.

Are you aware of physical bitcoins? They are niche market in this forum under "Collectibles" and the ones who prepare them are well known to produce masterpieces of craftmanship.

Read this (which I doubt you will) - https://en.bitcoin.it/wiki/Casascius_physical_bitcoins

Your life, your choice.

Bitcoin's value comes from the work done by the miners to mint those coins. It is the "Proof" of the "Work" and therefore has value. Now the fiat price is a different thing. Once a coin has been minted, the seller determines a price at their wish and the buyer accepts a price at their wish. This determines the market price. This should not be confused as value of bitcoin - 1BTC is always 1BTC, but the fiat price may differ with time.

As stated by others, gold itself is a piece of metal, why give it value in the first place? Because we need some "Standard" to price something against. That is how we determine prices of things that we need.

This is the real world. Get a grip on buddy.
The moment you stop differentiating real world vs crypto world, things will get better for you to understand. Loans are still going to happen in fiat. This is an early stage to comment conclusively though. DeFi does not solve every problem, just like bitcoin is not the answer to every problem.

There are stablecoins pegged to USD. But I dont think this idea is what crypto users like in the majority. They are useful as intermediary for dollar cost averaging while trading but beyond that I find no extra use.

Moreover, if there would start lending in terms of crypto, the already existing P2P systems are going to work fine. But here you need to pledge another form of asset as collateral to get the loan. In fiat economy you also need some sort of security for the bank to protect against a default too.

If in future, banks start allowing cryptocurrency lending, this can be a big opportunity for them and a big competition for the existing p2p lenders, because after all, nobody trusts loan sharks and their interest rates.

You would have understood this answer a long time back if you had witnessed the downfall of altcoins after they started or ICOs after they started. All these are hype-machined buzz that do not have any long term value or use till date and they all try to compete with what bitcoin has been able to achieve. While I appreciate new development and methods to incorporate decentralized financing, in reality it is all part of a hype based dream, which we all know deep down.

The point is that there are people who make money using the hype to generate and raise the price of useless shitcoins. While newbies fall into the trap hoping to get-rich-quick and therefore these type of quasi-illegal things come up.

So in a way, this was bound to happen. If you are still have some NFTs and you are having no market to sell them, good luck to you. You will probably never be able to for a long time.

They have copy pasted from another HYIP/MLM aggregator site


Digging up the team owners images I found these

1. The person named "William Simpson" the social media links are placeholders and image is taken from  -

https://netcorecloud.com/cdp/analytics-insights/
https://www.shutterstock.com/image-photo/casual-business-man-arms-crossed-528043150 - A stock image indeed.

2. The person named "Danielle Ingram" is another Stock image
https://www.shutterstock.com/image-photo/casual-business-woman-smiling-isolated-over-131198519

I dont think we need any more info, but conclude with zero doubt that this is indeed a project with fake images and utterly ridiculous return rates which equals to a scam.

The same way the demand came in for the previous quarters. Q4 of a certain year does not change that. However some years have seen Q4 have a buying spike outweigh the selling spike.

Spending choices differ among people but retail accepting crypto is still a much lower number outside the US. No specific answer for this but I can say that the effect of lockdowns have not been significant on crypto for the time being, but bad for the fiat economy indeed.

Enough cash or not, someone will buy and someone will sell, so expect to see prices going up and down and if you are cunning enough, you should attempt to take advantage of that.

Institutional investors are not long term hodlers. They are looking for methods to hedging their assets. So you cant say they will help raise the price, they will as long as they know the reward is high and the risk is lower, but like I said, they are not long term hodlers, they will sell before you know it, because they are in it for the profit.