I believe the reason why there is money going from bitcoin to altcoins is that there are too many people who think bitcoin did increased as much as it can, maybe it could be 40k or even 50k but that is not going to be too much whereas with the same amount of money used for some altcoin we could have 2x or even 3x increases which is the point of trading.

I am not saying this is a good idea but I know a lot of people and communities that believes this and that is why they do it. If they could put 10 billion dollars collectively into bitcoin, they could maybe make it go 2x, if they put that into ethereum they could 4x and if they do it on doge they could easily 20x and that is why people are moving towards altcoins. Look at what doge did after few tweets, you think that is sustainable? It is not but it shows the world that it is that simple to increase the price.

I agree that 35k is definitely the magic number. If you check what is going on with the price of bitcoin, that 35k was the point where we broke down and after that it turned a correction into stable price at around 30k, when in fact we were expecting it to just simply go down and up after the correction.

In any case we are talking about bitcoin here, I can't really say this will happen or that will happen, anything could happen and we may never know, it could go to 35k+ price and crash back under 30k who knows?

It is just that we have seen the charts and we have seen the numbers and support and resistance and we know what bitcoin "should" do and what "should" happen if one thing happens, this is why I believe it is going to be going 40k+ if it goes to 35k+ but I can't guarantee anything like that. It is good that you bought some, but do not forget to put a stop loss neither.

Bruh, always avoid all these cheap exchanges that comes out of nowhere, you have to be very careful no matter how much anyone tries to convince. Scammers are always ready to pay some desperate freelancers a few bucks to drop a lot of positive comments on their website, I have seen things like this happen, so don’t believe everything you see.

Always make use of the big websites that are already verified and trusted and have been around for years, we have Binance and Coinbase and Hitbtc, if his signals doesn’t work with any of the big exchanges, then why some useless small exchange ? Lol. And stop looking for signals, learn to trade by yourself. You just learnt a lesson and that made you wiser now.

We all wants the price to keep being bullish, so no one is going to tell you that the price will go down into bear market because they don’t want to be negative on what the future is bringing. I am being positive too, and the market has been going up and down since and I can’t really predict for you whether that 42,000 dollars price will be crossed, or not.

This week the price has gotten to a low of 30,000 dollars and now it has got back up to 38,000+ dollars and might soon be getting to 40,000 again at any time soon. But, it’s good to do what you think it’s best for you, you can sell some coins and leave the rest of you have made enough profit. Still, you must need to remember that history may repeat itself but not with exact fluctuations.

I agree with the emotions part but stop loss can be tricky because I have seen guys selling bitcoins at 5-6k because they had stop loss enabled but imagine if they just waited and come on we all knew the prices will jump back even higher and it was all about time as we can see now.

Yes one should avoid buying random coins, well said. But there are coins which I bought like UNI swap tokens and PolkaDOT tokens which I never heard or learned too much about, now I have learned a lot about DOT but when I purchased, I had no idea and still I was happy with my purchase. The reason was because there was serious hype followed by exchange listing and from what I have seen - any coin that gets newly listed on big exchanges like Binance, the price tends to go up at least temporarily.

You made some good points but the problem he mentioned is a little different and its not about risk management but it is related to panic avoidance and how to remain calm when times are gloomy and portfolio is dropping like crazy in dollars.

I can relate this problem and this is one reason why I limited my trading because no matter how confident I feel about a token and even Bitcoin but once the price starts to topple I just cannot control myself and feel like its the end of the world. I know it will recover but instincts are strange and decisions are rather emotionally. So now I avoid trading unless I just feel good about bitcoin price and do leverage trading.

Forum users can share their opinions but being perfectly honest with you, no one knows how the future will unfold. I think that the demand is only going to increase with time while the supply is limited so speaking on that ground I think the price should only rise from here on but then there are sudden and sharp falls too which are unexplained because the supply is never going to suddenly increase so why the prices dropped.

If I was in your place, I would liquidate a little amount when price touched around 40k and then wait for the drop to happen as it did happen and then buy again at 32k. I know it sounds easy in hindsight because when 40k was touched, there were news about reaching 100k too and hard to sell during bull run.

I understand the logic. Kraken is the company that got the rights to create a bank in USA, so as a company that got such a right and work so hard on the american crypto scene so much to make a buck, I doubt that they would want the attention of SEC on themselves. This means they had to delist XRP, with them delisting it, that means SEC will not be going after them that easily or at least they could say "as soon as we assumed it was dangerous we stopped working for them, we were tricked like every other customer" and so forth as a defense if they need to for their previous listing of it for years.

It is really not a big deal to get XRP delisted somewhere these days, it is on less and less places and as long as companies care about what USA and specifically SEC thinks of them, they will delist it, so it is really going to get more and more places delisting it, not a big surprise.

It is not about winning hearts though but the problem is that most of the exchanges are now delisting XRP trading which is the biggest worry because any coin has its value and worth based on the trading volume and the exchanges which allow its trading and XRP would have died by now if it was not ranked so high, in case you don't know it is the 5th biggest coin in the market despite facing all the backlash and problems regarding its operating status.

I have a feeling that things won't improve because obviously there is no way of that happening but there is a good chance that the stalemate kind of market continues while the price keeps dropping lower and lower with time.

Nah, I have not seen that happen before, only the ones with small supply cap quickly reaches such price and beyond. So, it’s not for those ones that have huge supply unless maybe in the future they will be able to achieve that when there are more people from around the world joining the project and also investing huge amount of money, and I don’t think that’s going to happen very soon, it’s definitely going to take a long time before it happens.

Moreover, most of the people that are joining the market are mainly going for bitcoin and over the time, they prove how accurate their decisions are. So, bitcoin may keep attracting new investors whereas most altcoins will keep dying slowly due to lack of investors and continuous dumping.

Your friend who told you not to buy stocks or assets when they are rising is right, I don’t know who else is telling you that Bitcoin is the opposite, that person must be a joker. It’s not good to buy an asset when the price is pumping heavily. The problem that you all have is that you don’t buy bitcoin when things are chilled, you always like to FOMO when the price is very high, and that will put you at risk of losing your money if the price should plummet from that high.

Though I have seen people who did and are lucky, but for others they usually lose. You can still try luck, but price is already going down. You may keep buying at all dips which must be one of the famous strategy most people are following always to spread out their risks along with ensuring not missing out the available opportunities.

What Janey Yallen was trying to say is that there needs to be a lot more surveillance in the crypto world and not let it be so much anonymous, otherwise not in a financial situation that would impact on us. Meaning, you could buy and sell crypto all you want, you could profit from it as much as you can and by all means make the most profit from other nations and bring their money to USA, Janet would be very happy about it, but let them know while doing that, tell them how much you bought and sold and whatever and in the end you would be capable of living your life like the old days as long as you let them know.

The thing they are against is the privacy part of bitcoin and since we are not dealing with XMR here, bitcoin is not THAT private neither, people can trace addresses and transactions and figure out where you took your money, so it is not really that interesting request neither.

That is the place I am stuck with as well. It is cool to be able to buy cheaper, 40k+ was a lot and people were scared when it would fall and many said if it got cheaper they would buy more as well, and here we are the price is cheaper but I do not see a huge rush to buy right now, if there was one the price wouldn't stay lower this long, with a huge rush to buy the price would have gone up.

It wasn't really necessary neither, it was actually doing nice over 32k+ and never falling to 30k, and at around 35k or so we were a lot more comfortable, is it lower than 40k+? Yes it is, in fact 5-6k lower, and it is also doing nice with no major fall as well, so I would say around 35k was the proper fall.

Now with 30-32k range I feel like, yeah cool I can buy cheaper, I have bought cheaper, if it can hang out until first of the month I will get my payment and I can buy more from here, but my god do I worry about it, it is a bit scary as well, not changing my system but still scared now to do the same thing.

Always buy when people are afraid to buy. That’s it for me and to explain it, it can be at anytime and it has always worked for me, I invest my money when the market reaches the lowest point I believe, and a lot of investors are afraid to buy it and speculating that there is going to be another decrease to a lower price, that’s when I get in and start holding Bitcoin and I make sure I invest with what I have that I won’t bother taking out anytime soon. I’ve been able to use this method to benefit a lot of times.

Getting motivated is something which cannot be triggered but needs to be created by our own. I mean by watching or learning something we can derive motivation toward saving and a greater future. So, if you simply plan for your future then you can get self-motivation easily.

Stable coins are not an investment, and if you check some wallets like Blockchain, these stablecoins don’t have any chart since holding them is the same as holding a dollar, so when you hold a stablecoin you’re not getting any profit, it’s going to remain the same value that you invested there which is one dollar to one dollar.

By the way Tether might be facing serious crisis or maybe not, you should have mentioned that there. From the list you have provided, I am only going to choose DAO and PAX, the two are very good as of now but not sure what our future is having to surprise us; so we need to be prepared to face anything which means we need to diversify if you opt to hold some stablecoin as well.

Diversification is 100% the right answer here. After all whatever you end up buying could go up or down and there is nothing better about it compared to others, sure btc/eth type of huge ones could be pointed better than the others, but even in that situation you shouldn't do purely just btc/eth because that would limit your movement.

I would say whatever coin one would pick, they should do that depending on their own research and when they do their own research they should probably go with the ones they like, but have at least 10 coins they invest into, you do not have to do it right now, you do not have to rush it, you should probably do it slowly, if you try to find 10 good coins today, you will have to rush a lot, do like one coin per week and it will take 10 weeks. Plus invest with 50% of your money, the other 50% should be invested over time so that you could buy cheaper if one falls.

Meehn I get that, they will always give you the assurance that they are he best but at the end they will all disappoint you after every promises they have made. It’s not your fault, Coinbase is one of the top exchanges with wallet there is, so you trusting them is no surprise to me.

But haven’t you read or heard that you shouldn’t store funds on exchanges because anything can happen? As for their workers, I don’t think you’re going to find them anywhere on this forum. Apart from the email and phone, maybe you should check their social media pages like Twitter and try to reach them through there. You can even post this there and tag them on it to draw their attention.

Selling at profit is not even the best optimized situation neither, you should probably hold it even longer if you can, obviously it wouldn't be an easy choice but it would be a good one if you really want to. I personally want to see bitcoin at 100k if I can, before I sell and even after that I would probably hold it, I am going to hold it until 2 things happen (whichever happens first) either until I die which is the easy option, or either I have enough money that I can retire easily without doing anything else.

I will wait until either of these two things happen and not sell it if I can, obviously there could be horrible stuff in my life that could require me to cash out and spend on that like maybe I will have cancer and will need to spend and all that but looking at the situation right now I do not think that it would be a problem for me for now.

If people got in during a lot more calmer moments, they could have walked out with a lot more money, but people like to get involved when the market is at its highest the most and that makes my head dizzy. Oh bitcoin has been around 10k (around 5-15k range at best) for 3 years? Who cares I am not going to even look at it. Oh bitcoin is at 40k?? I should get a loan and invest into it!!!!!!!

Those people are a bit idiots if they think like that. I have been around since 2012-2013 and I made a decent amount of income from bitcoin I am not going to lie, I got in and got out countless times already and even though I do not have much anymore because I spent most of it for stuff, I can say that I have been blessed with being here, and I still have some saved thankfully, how? I didn't get out, for the past 8 years I have been here and I will keep being here.

Tether and XRP is a bit different, that is the trouble. XRP is a coin that could go up and down in price, if there is a problem that means price could fall and eat up all that trouble. However Tether is always 1 dollars, that is their trouble, 1 usdt should always be 1 usd, and if that fails, the whole system fails. That rarely ever goes away, sure sometimes it becomes like 97 cents at the bare lowest for a very very quick time but people buy that very quickly and sell back to 1 dollars, whatever the difference was they pocket the change.

However if one day Tether gets into trouble and fail to pay it? That means we are going to see 1 USDT not worth 1 USD anymore and suddenly the whole system will crumble. This is why it is a lot more important, people do not "invest" into tether, that doesn't go up or down, that is why it is there, the moment it is no longer like that, it will end very quickly.