Can you know surely that bitcoin price increase at this time. Supposed you take loan and buy bitcoin and price fall down, then? Now high risk buying bitcoin cause it price can be fall down any time.
That's why a person who thinks that he should take a loan must think again. Just like the example of today, the price seemed to recover for a while and an investor can think that it's about to recover continuously but suddenly it has fallen down again. So what if during that time he has took a loan, then he's already in loss and might take it emotional where the problem goes deeper. It still a walking on eggshell situation. If you're gonna loan, you're entirely sure that you can pay and not relying on probabilities from instabilities to be able to pay. Don't want to end up paying loan by loaning again. That would just dig myself in my own grave deeper. |
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They could be, but there could be also day traders that could still be successful in one of those 5% and some long-term hodlers that are easily driven by emotion that exits the market to quickly. But I believe as well that most of them would be long-term hodlers, though I won't count myself into the 5% because I am not that too active in trading as I don't really have the time at all in looking at the charts, the candles, as well as those indicators. |
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Even they lost control of their emotion but couldn't imagine those numbers, 95% is really high to think that only a few traders just succeed. I think this 95% is not only in crypto trading alone or that possibly it is in the stock market where it is highly affected during the pandemic. The stock market dumps which means traders and investors had lost a lot, not in crypto where it keeps moving high making trader earn more. Well 95% is really really a huge percentage to sum up all the traders here in crypto. It could be 5% are the people successful, at the same time 95% could be the people that are still earning but not as rich as the 5% because mostly that's how people define success already in trading. All about their net worth sometimes. |
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Actually, myself as well a day trader who used to have trading volume of few hundred bitcoins on LBC but I am doing it more like fun and hobby than doing it to bring revenue which is supposed to fulfil my survival requirements. And I can also repeat that as a day trader you may face more bad days, even few hours can ruin all your profits of a month.  This. Actually I had more bad days back then in my day trade in Binance, since I was still a newbie learning the ropes of day trading. Quite expected for a newbie but still it was really rough experience. I had used a lot of indicators already like RSI and Bollinger Band, but still it didn't give me well. Few hours can ruin all your profits of a month? Yes, indeed. I felt that. |
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There ain't easy ones. Just happened to be unstable that plays favor in our trades. OP seems to ask for trading advice instead of shilling coin so there ain't something to worry about. Either way, I ain't convinced enough anyway into investing to the mentioned coin in the OP. Agreed with the diversification part, though one should control how he/she diverse his/her investment around the market. Choose few baskets that are among the top coins then if one still have spare then try to look for other coins though I wouldn't advise it. |
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All of types of projects there surely will be scammers. I've seen airdrops already of any types here in the forum and as well outside the forum through airdrop bounties. It isn't just scammers that you would expect. There are phishers and anything beneath those lines. This is why I never tried anymore airdrops since. |
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Well Bitcoin isn't an altcoin hough. Those are quite a lot of coins actually in my view. Next 10x project like the one that could reach the moon? I don't expect any new projects though. You should be fine now to what you currently hodl right now. |
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In many years to come, it could be just a cents in price if I buy it with Bitcoin. I think I should wait higher than that price. I am not that too much into cars just yet, cause I am mostly working at home. It's probably more worth to hodl just yet  . |
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This is another step forward to adoption that everyone is excited to have. Not surprised anymore though, imagine if back in the days when you subscribe to newspapers. Bitcoin further enhanced that. Now that many news are now written electronically, so why not make the payment of subscription be electronic as well?  |
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Ah yes like one of those new coin projects emerging lately. They're arent' for the long-term plus the coin they make just got turned into a shitcoin. They're not prepared for the volatility of the market, that's why this keeps happening to many coins. |
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Still some have issues to Bitcoin that's why some don't consider adopting it. I just think that many or even all could be at least aware already that Bitcoin exist, it is just that they're not that yet interested in investing into it. It could be because they don't care, they're not tech-savvy enough to learn it, or they just got used to the usual and traditional means of payment. |
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This is lie changing. Emerging someone just invested 1USD back then and manage to hold it up to this time, that will be a financial turn-around. Digital currency is the future as it will alleviate poverty in many nations.
If I was like one of those people, I wouldn't imagine how much I hodl right now actually. Imagine like one night being drunk then just not caring about how much you invested to Bitcoin then going up to this point. I just can't imagine how much I reached already. Although I could say that I could really have sold in 2017 if it did happen. |
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Well good thing that they're interested at those kinds of stuffs.
My professors back then don't even acknowledge or at least were aware that those types of coins exist. They just think that those are illegal coins and purely scam.
Explaining Bitcoin to those non-tech savvy would prove challenging at times.
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Bitcoin has certain limitations which makes it unsuitable as digital cash for daily payments. As long as the network remains congested, I don't see it challenging Fiat anytime soon. High fees and slow transaction confirmation times only makes Bitcoin good as a store of value. It's better than Fiat in the sense that it's decentralized. Other than that, Fiat is a better choice for stable payments worldwide. There's still hope that someday Bitcoin will become better than Fiat as the project develops over time. The Lightning Network, Taproot + Schnorr Signatures, and many other features will make this happen faster than you could've ever imagined. Who knows what the future of Bitcoin will be? Nonetheless, we could say that other cryptocurrencies are better than Fiat because of their highly-scalable blockchain networks. Yet, they lack the level of mainstream adoption Fiat currencies have. Without merchant adoption, what use can crypto have in the real world? Time will tell us whenever Bitcoin will be able to outperform Fiat or simply remain behind it every step of the way. Just my thoughts  This. The speed of the transaction and the cost of fees sometimes. If one would transact in a certain merchant, it isn't the usual 1:1 purchase as fees are coming along with it plus the unstable price which could turn the tides of the transaction. Imagine taking down notes of each transaction every day to see if they were confirmed or not just yet. But still I am happy that some merchants are still considering in adopting it for their business. |
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I would sell half of my BTC for USD/USDT and wouldn't touch it for now, with the other half you can buy 50% some quality altcoins which you believe in and keep the other 50% in BTC and see what happens and take your chance as bullrun most probably isn't even close to over yet, but you should always take some profits while you can so that you don't get out of your trade/investment with a loss at least. If you want to buy altcoins, be fully diversified into 4-5 different projects with different use cases, for example do not buy/invest in 5 DeFi projects and think you're safe now, since usually every new hype whether it's DeFi, NFT or whatever else has to correct at some point and you don't want to be all in one of them when/if that happens. Half is quite big already to be honest if one sold that out of the whole portfolio. It would depend if the OP still has other investment aside from Bitcoin, but if it is only Bitcoin I wouldn't sell by half maybe in alts I would because dumps and losing value are quite common phenomenon when it comes to following BTC price. Depending on how much OP has in his/her capital, the 4-5 investment could be quite big already. |
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That is really a sad scene when your opening you Social Media account but there is a thing that we should all keep in mind. It is the fact that Elon Musk would not promote any website with using a different account. He will always use his main account which is great because Elon is a very vocal man and he would say what is on his mind regarding different topics and that is why we should just wait for Elon Musk on his account when he talks about Cryptocurrencies that could benefit us. Twitter does not have the time to do a lot of fact-checking because of the million of users doing so many fake accounts and talks about many of fake events happening and that is why its our responsibility to follow what is on our mind. Are these scams still happening? I am quite surprised that it is after all the trouble that happened back in Twitter wherein many celebrities were hacked through a social engineering made done by a young person. Long time ago, there was someone trying to make me login my Bitcoin wallet back then claiming that there will be giveaway also. It might not be celebrity, but be wary that not just celebrity but your own "trusted" platform could deceive you sometimes. |
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People care about what the media tells them to care about.
The media tells people to care about this because they can churn out an endless stream of poorly researched speculative articles.
Of course, it's irrelevant-- same goes for a lot of thing that get attention.
The only interesting thing about the subject is the thoroughly epic scam being perpetrated by wright, -- but "journalists" won't touch it because he'll sue them too and defending the truth isn't all that compatible with the cheap and mindless writing to click stream business model.
Somehow it is getting that domino effect to people. More and more are now getting curious to who Satoshi is/was. I am gonna be honest, I tried to look up in Wikipedia on how many people claimed to be him/her, but now it seems like I shouldn't care too much anymore to the real identity of Satoshi. |
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I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
Also, at what point are you guys prepared to sell to protect against a crash? Do most of you have sell stop orders on the books to protect against a crash? Thanks in advance!
I don't do day trading yet or even the traditional one, OP. You shouldn't have that much issue just yet in 5% loss, but you might consider preparing for a crash. Put it in stablecoin whenever you start to earn, just as it breaks past your breakeven. |
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I’d like to get some opinions on Altcoin investing strategy. Here’s where I’m upto.
1. Only invest 1% of portfolio
2. Take out initial stake after 3x gain
3. What about taking further profits, selling out completely? I’ve read that altcoins will lose 60-90% of their value when altcoin bubble bursts.
Just don't forget to put something to Bitcoin, as it is connected with the number three. Most alts just lose their value when Bitcoin dumps and plummets so bad, just to be safe of course. You're not hearing/reading it wrong in number 3, OP. |
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In short, don't be a celebrity-driven investor. Some of hodlers are like those, whenever one celebrity claims a coin reaching the moon soon. Even if they were like financial investors or a businessman, their knowledge doesn't always apply right to cryptocurrency. This isn't stock market like those celebrities get busy at. |
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