The point is that we tend to focus more on the news of when those famous manipulators move in on the price. It is a normal occurrence to see big spikes at times but these dont happen everyday. What I am trying to say is that the number of times when the market remains under less than +/- 5% is way more than the number of spectacular events, making the latter even out the percentage rise or fall. Most of the times, the volatility remains less than 10-15%.

Bitcoin is never a riskless asset. Volatility is not the only factor to determine risk. We have governments not being lenient about crypto, we have exchanges getting hacked every few months, unregulated manipulated - all these are risk factors that increase the total risk of bitcoin trading. Indeed we tend to focus more on metrics like volatility index, but these should be kept in mind as well.

Totally agreed on that.

That is spot trading that are talking about.

When you open a long position, it means you are buying a contract where you say that the price will be going up and the exchange accepts that keeping your money aside. If you predict it correctly on a specific time span, you will win the contract and therefore profit. But if your prediction comes out wrong, then you will lose the money or have the keep the contract open for long in which case you need to keep paying liquidation fees to avoid getting your position liquidated.

Are you a zombie?
Logically speaking, you should have a social life. Making money in trading is not everything. Dont know where you are coming from, but usually people develop bots to track the movements and use smartphones apps to be mobile and trade on the go.

One phrase : Liquidation fees. This one phrase is the thing that futures traders hate and that is what the exchange will be cutting from your side if you have to keep the position open for a longer period.

You are confusing spot trading with margin trading. You dont sell the position in margin, you open a short/long position.

True, you will not feel it until a few years have passed and I have been hearing statements like inflation increasing every now and then, in reality it is, but the buzz created to make it seem like a problem seems to be more. On an average, in the last few years prices of things that are in daily need have increased but people cant have any alternative to take except pay for them.

Fiat based investments will face the wrath of inflation too. That does not mean that bitcoin is beyond that, you end up having to convert bitcoin to fiat if the former is not yet accepted in your country.

Cutting down expenses is a good thing - not just for the pandemic but in general. Some spending is necessary to survive, other than that, you should spend money that goes with the amount you are earning - balancing that is the key.

However I would not say that rise in prices would make me reconsider my investments. Those are based on different other logical explanations. Neither does that mean that one should convert everything to crypto because that is a stupid thing to do (all eggs in one basket) and also what I said above about conversion.

Timing is the key here. Once a dip happens it will be recovered with time. The only question is how long it might take. The recent drop to 41k USD is being recovered now and retrospectively we can say that buying at this cycle would have been profitable. One needs to take this risk at times, otherwise they are sometimes giving away opportunities.

The winner will always be the ones who identify FUD and FOMO and use it to their advantage, not the ones who join into the chaos.

Yo, the money becomes the problem here. With a rising bitcoin price, one cannot make the decision of spending money immediately. But I feel with the increase in public demand for crypto, there will changes that are going to favor the investors and the more investors that come in, the prices can both rise and fall. Because some bagholders will dump no matter what happens.

So someone who is waiting might get a good chance to buy then too.

I would not give them the "financial advisor" tag -  do some background research and you will find out some economics graduate or not even that, just a layman trying to force feed shitcoins on newbies so they can sell their bags. Why else are these groups popping up so often? It is because they are an easy modus of scamming some innocent newbies of their bitcoins by dumping shitcoin on them.

Thats how both these groups run - the person running them are usually some manipulative sweet-talker, who gains their trust and uses their money to run this "legit" scam.

Sorry to break your bubble, buddy. You need to see the reality at times too. I dont brush aside the fact that real traders also exist, but you might not know that majority of such people usually work in the dark and never boast of their achievements unless you talk to them personally. The ones who promote groups and all are scammers - you dont have to believe me, you will see it for yourself over time.

Now that you say it OP, I recall instances when I have seen people being discouraged from buying BTC because they could not buy a "whole number" amount at one instance. I tried explaining to them that they can buy smaller fractions but they argued that they would wait for a lesser price.

I cant say I would disagree to the point that buying at lower price seems feasible - true, you would want to do that so you know you would be getting more when you sell. But cannot help the fact that the fiat value of bitcoin is often unapproachable for many users who are coming in new to the market. Not every person is this world is from the US and not every place in the world is friendly about bitcoin.

For them significance of an investment is the amount of that asset that they own and if they only own a fraction of the value then to them that is somewhat of an insult - this is the thought process that I have been able to understand.

Like @cabron said, you want a telegram group, you name it in the search group and you will find it. Leads to a lot of spam in telegram but that is how it is. You really dont need to come to this forum and ask for such groups.

In fact cryptocurrencies are so popular among telegram channels that every normal telegram user even knows that on starting a new group for whatever reason they need to put up antispam bots immediately.

Also the objective to why you are looking for such groups should be clear. You will not find groups which talk about technical analysis, you will not find any legit groups for that. Very old groups out there and not on telegram actually do that. For that you should depend on your own skills to chart. If you are just looking to advertise something, well you already know how to find groups.

@malekbaba

I suggest you move this thread to "Scam Accusations" and add in more information as per the format of a formal scam accusation or move to "Service Discussion". Then decide with other bounty managers on adding a Flag on the accused account - in this case the accused is the admin, but if they dont have any account here on bitcointalk, then I guess you cant do anything about it for now. Telegram accounts usernames are worthless, they can be changed by a single click.

The person who posted the thread may be able to get more info about the owner, how they contacted them and all. But in most cases they dont directly come this forum to avoid being marked red.

I can see the thread started back in 2020, so did you guys understand this to be scam just a few months back? In reality you should just consider every bounty project to be a failure from the start, such is the case with most nowadays. Nothing more you can do from your side but get people aware about it.

True, but the point to be noted here is that the real reason why some well known rich guy pumped that coin is that they needed to sell their stash. This cannot be proved because of lack of evidence but this is a type of somewhat "legal" manipulation of the market.

Unethical - Yes
Punishable - No.

So take it with a bit of a salt. It is more likely that if you had a stash of Doge already at that time, you would likely not have sold but hoped for even better returns, which is exactly what the rich guy wanted you to do.

This is indeed coming from my experience. Whenever you see any sort of inorganic pump or dump - do the opposite of what the public sentiment would go. You might feel uneasy but truth is that this sector sees way more manipulation than a regulated stock market.

"High Volatility" - My ass.
https://t3index.com/indices/bit-vol/
https://www.buybitcoinworldwide.com/volatility-index/

Now dont tell me you cant read the charts above. As long it remains below 10%, it is not "high" volatility. It has been like this for ages unless some millionaire crazy person comes in to social media to brag about it when the volatility becomes crazy. Other times like this, it remains in this range below even 5%.

It is a speculative asset, it will have increase and decrease.

True, one will suffer losses when trading a speculative asset class but this does not mean that trading itself is a loss of money. For someone who knows how to read charts, they can predict and place orders to juggle between support and resistance levels. By doing this they can cycle money through the bear and bull cycle in turn crunching out a profit.

Buying altcoins that are low should be done with caution, my friend. You dont want to move an altcoin that has been down there for ages, you will end up buying that and not be in any position to sell it. You do understand that this basically because these altcoins have no intrinsic market making value - they have no utility to be spent and therefore the long term value is also zero.

I would not say this if you buy a altcoin that you can use for some purpose, in that case that altcoin's price would always go up or fluctuate and never be down in the shadows.

I agree, considering when the thread was started, we have seen better days and although currently bitcoin is bearish, this is a good time to buy and then sell at 50k USD before buying again.

You can get a lot of info by just watching videos on youtube. However there is a lot of things to know before learning trading.

My suggestion to newbies is to avoid watching crypto based trading videos first. But rather watch stock market based trading videos first. This will allow you to get the knowledge without being manipulated into some shitcoin that the person is subconsciously trying to feed you.

At the starting this might not seem big, but trust me, there exists paid shills of specific altcoins who try to do this and you need to avoid that in the starting days.

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Offtopic, Day trading is not for everyone, but anyone can be a long term hodler. For being the hodler you dont need a lot of knowledge or studies. You just need to know the charts, Resistance/Support points and money at hand.

Be careful about which path you are taking.

It is futile to cling on to altcoins that have been down in the dumps for the last few years, but I can understand their situation too - they had spent money on that and they did no pay much heed to the fact that altcoins are not equities and they have no legal ground to get back any money.

This is something that needs to be understood by every investor. Altcoins can and will fail. Teams will go hostile and bankrupt. Projects will fail. This is the difference with the stock market. You dont see unregulated events happening like this everyone on stocks.

In such cases, the best way to protect your money is not to indulge in any altcoin at all. Bitcoin is still worth buying and it will cross 50k again which is a comfortable price to sell at.

Most of these run because of the affiliates running the campaigns. Generic images and out of the world return rates should immediately raise the red flag.

About page has copied content from this site : https://cryptobrit.co/?a=cust&page=howto - Another scam cloud mining site.

It really does not even matter to the scamming running these sites even if they cant pay. They will keep running the site till innocent people keep giving them money even after they stop paying because nobody ratted them out. End of the day the ones getting scammed continuously are mostly older age tech non-savvy users.

Without posting any budget you are more or less going to get spammed by DMs from newbies with no prior work experience.

If you are serious about this, then I suggest you open a thread in "Services" like @Zedpastin suggested, provide a little bit of details of what your background is why you want to build a new exchange, in short what new service do you offer to the table when already hundreds of other exchanges are also running.

Make sure to provide budget details, mode of payment, open positions and possible timeframe of launch.

Only then you will get some legit applications.

Bitrefill is one of the pioneer websites providing gift cards for purchase in exchange for crypto - both "high ticket" and "low ticket" might be available for you, depending on how you roll. I have been using them for quite some time for topups and all, and they are pretty reliable and useful.

It was the first of its kind to start a real DeFi in this system which at that time was not full of stablecoin pools and other scams.

Never heard of them and I am not interested in NFT, so will probably never use them.

That is not a logical statement though. Fraud and fees are high in every sector, be it fiat be it bitcoin.

You see, both of these are part of the cycle. It only depends on which one you could join in at the proper time. If you are late in either you will be losing more, so better remain a bystander in such cases. But if you could join in, like you have a stash to sell when the hype is going on OR having fiat ready to buy at dip - go for them - you will be able to make money in both ways.

All depends on the timing, for someone who missed an opportunity, they would rather want to hold it at that time. Matter of perspective as well.

Going opposite to what the major people are doing gives an advantage, but it should be done carefully.

Read? I mean there are so many places to read from and the internet is open to everyone and you still ask a question that is this naive?

True, this can be difficult at times because freely accessible writing can involve a lot of manipulative topics and unverified information. But generally going with the consensus, you can learn a lot from just reading charts and trying to correlate with news.

Crypto is not equal to forex. Maybe crypto does involve exchanging one currency to another but these are also assets and they are not same. Someone who knows forex should stick to forex. Changing the game if often bad for the player.

 I cant agree to gold not being a safe investment. It has its risks but so does bitcoin, both in long and short term. Gold has the advantage of being able to be sold whereever you end up. A lot of paperwork might be involved.

In this context I will draw your attention to something that happened during the partition of India and Bangladesh many years ago. Local people in West Bengal know that the majority of Bangladeshi people brought back gold from their homeland when they were fugitives coming to WB and that was the majority of their wealth at that time.

https://en.wikipedia.org/wiki/Partition_of_Bengal_(1947)

Bitcoin has not been accepted in majority of the countries out there. Precious metals have been known to almost every person above 20years of age today but Bitcoin is not that well known or well accepted.
How are you backing this claim?

Indeed it is logical if you think in terms of the owners of the group. They are running the group to get profits out of it. They are not doing a charity. Some groups might be worth for discussing charts and movements, but end of the day it is all a guesswork based on whose charts it was. One should not place their orders based on others logic. Hence depending on such groups for info is fatal.

Members join such groups with such intent. Sadly it does not end up with that. In reality they are all going to pump and dump groups.

Majority of learning in this sector should be done on your own. The difficult thing for newbies is to remain neutral in terms of opinion when learning about charts.