The poor people need better modes of living and earning a living before they can go for a luxury of life. Indeed, I consider an investment to be a luxury because it is not a basic amenity of life.

So now if you think that a person who is possibly a day wagerer and working most of the time, they would rather not afford a smartphone and internet but go with a feature phone and use less internet if possible and rather keep their money at the bank. Why would a not tech-savvy user attempt to put their precious money in something that is a "Grey area" in their country?

This basic idea does not seem to percolate into many users of this forum, which I frankly dont understand why.

Poor people have lotteries for that. I see tickets being sold at bus stop everywhere and day wagerers buying those like candies.

Can you expect to explain DeFi and how it works to a person whose job is to prepare cups of tea for office goers?

A new craze that has started. Anybody remember "Faucets"? Sounds awfully similar and rebranded.

No. This is a wrong conclusion.

The reason of rising in price is only demand/supply ratio. If there is a sudden rise and a sudden fall it means the rise was inorganic/manipulated.
If there is a slow rise it means there is organic growth, people are buying because they believe this will be going up.

For altcoins the first statement is almost 100% accurate. If there is sudden rise, it is a pump and dump going on. This is a bad omen for the long term and you should exit it before it dumps.

Now this is a different topic. Bitcoin is followed by altcoins is a common phenomena. But there is no such indicator or metric to judge whether it will move up or down, usually they follow bitcoin.

No. Also stop depending upon websites for such information. Use the charts if needed from websites but dont look for identifying when to buy or sell. That should be done by you and only you. I am saying this only to stop you from falling prey of fake signals groups which are a part of a scammers guild.

The only difference is that my and the OP's average experience is much more in this sector than any other newbie starting with crypto at this time.

Firstly the idea of these projects is mistaken. Hence any project made in this sector to be linked to a crypto is a fake one running only on some vaporware and attempting to compete with the mainstream fiat markets of the same. Hence thos pictures are useless crap.

Secondly the "projects" therefore have to show off with such support/partner/roadmaps. Essentially it is all an eyewash and these "partners" are only going to act as "Advisors" because they were paid to do so. The reality is that there is a said term that advisors/partners keep their money locked in for. This is not publicly known and when the term ends, they will dump all their bags and exit because that is what they do. This leads to the market crashes in specific altcoins that happens after a few months of listing.

Majority of bamboozled newbies dont understand this because they lack prior history of stock market and IPOs and the bounty hunters will be blamed for causing a market dump and you already know the rest of the cycle.

Where you coming from? There are no laws specifically for bitcoin markets yet. If you know of any do let me know, because I have not yet heard of any. There laws on exchanges and speculative assets but not pin-pointed to bitcoin. Only talks have happened for proposed control over crypto but nothing concrete.

Which will be a good thing for the future investors and those who have been misguided by scam projects may be able to track down the criminals and extort the money out of them or at least put in jail for a good few years.

The current laughable scene of failed/bankrupt projects disappearing without a trace needs to change.

However this is all applicable only to altcoin enthusiasts. The safer and profit-worthy method is buying bitcoin and for that you can be assured that no country will even stop you from doing because it is censorship-resistant.

Finally someone understands the reality. Majority of the influencer breed do not understand the long term effect of their name and reputation when linked to a scam crypto and therefore majority of popular ones try to avoid it nowadays instead of going for a quick viewership increase or a cash grab/affiliate sale.

No. Technology does not make people do things. It is situations that make people adopt the digital mode of payments and that does not mean crypto directly but digital modes of fiat payment at first. Who wants to buy a specific currency that is a "Grey area" and accepted by very few merchants? Unless these things improve there will be lack in acceptance.

I think news and reality are being confused here. Entertainment methods need news to spread the word. Crypto's government acceptance and all once happens will make news but even if news was not there still its use would increase because the government would have accepted it to be used. The comparison with entertainment industry is wrong here.

I posted that in the first page and the facts are available on the coingecko site if you want to clarify.

I can see the type of brainwashing they are doing. DOGE rose only and only because of inorganic manipulation from a celebrity. Now considering the fact that DOGE does not have any inherent market making capability, the long term demand for DOGE is zero and therefore why will people buy it? Nothing other than manipulated pump and dumps can raise it.

But XLM is above that IMO, hence comparing the two is a wrong method of evaluation a possible profit in future. But if the team of XLM is using DOGE as a role model, then I have to say that you are being shoved into the wrong path.

What I meant was that cheaping out on altcoins is a wrong step.

People like Musk will be there in future too, you have to learn to ignore them and use their statements to your advantage. That is how you make money from the market. Like for example, if they get bullish on a certain coin, you have to sell them at a profit and exit. If they get bearish on bitcoin, keep fiat ready at hand to buy the dip that will follow.

Remember that these people manipulate the unregulated market for their own gains only so dont fall for the FUD or FOMO rather move in the opposite.

I think you may have been misled. There is no such thing as "great project" but a phrase used by money grabbers. If the project you are talking about has an inherent market making capability then you will be profiting but if it does not, then you will be ending up in a pump and dump and a loss. How to determine this? Check if the project has done anything for holders to spend their coins on something useful or not, usually that would be the case. But this also needs a lot more checking to be sure of.

Removing coins from the market makes the coins still in the market move valuable because the supply is limited. So price would rise and not fall.

Now spending bitcoin is a choice depending on whether the owner has access to bitcoin-accepting merchants or not. Most countries do not have such merchants, mind you. Hence we are currently not seeing what would actually happen once this becomes more mainstream.

I think acceptance comes first before usage but acceptance catalysing more usage seems understandable too but that happens after sometime.

The basic flaw in the OP is that we compare bitcoin to a fiat. We never consider a doughnut to be priced at 10sats but always with fiat like 1.2USD or something. (random numbers, not basing on conversion rate.)

More easier said than done, but there are some methods to avoid or mitigate them:

1. Do Not day trade - if you are not day trading you will not find yourself in these situations. If you would buy at a low at some time and then sell after years you essentially removed all the ups and downs in that few years but managed to sell at a large multiplier. Mostly applicable to bitcoin only and of course bitcoin is the only coin you need.

2. Previous charts about support and resistance levels give some idea about what prices are going to get bought at or sold at.

3. Indicators are only 50-50. Use your own charts to determine your predictions. Keep both sides at hand, that is fiat and crypto so you can quickly balance either side when the wrong trade is executed but dont over-buy/sell.

That said, the first point is probably the best of them all.

The bulls tried to top 50k yesterday but it did not happen and correction brought the price back to 49k USD. But this shows that there is buying pressure as there is selling pressure too at the 50k USD mark. Crossing it will need a continued buying pressure over some days indeed.

Nothing is impossible, but logically speaking, first it needs to cross previous all time high and that is 65k USD. This will be difficult because a lot of correction points are going to appear while the price rises. But eventually yes it will rise beyond, however the time taken to do so may be more than a few months.

Therefore the prices lower than the current price are lucrative for people trying to get into bitcoin and make a profit.

Someone buys 10times of an asset priced at x$ and someone buys 100times of that same asset at the same price. When the prices rises, the proportion of profit is equal to the ratio of the buying volume. That is the only difference between the big and the small investor. Logically they are both gaining. But the extent to which the gain is happening depends on their investing capital.

Sorry to hear that, but I think having a day job is the first thing in order to have a stable income first. You can rely on that whenever you need. Keeping bitcoin investment as a side earning is the key here. Along with that one would need to have some fiat based investments too. Being financially stable would mean being able to juggle all these three things. Of course you may compromise depending on how lenient your local laws about crypto are.

Hierarchy of needs. After air, water, food, shelter you need money to buy things you need. Once you are able to save from that you start investing. So first you become a stable earner then you start investing.

Again you are making the same mistake that hundred of other traders before you have done. When the bullrun starts, it is time for holders to sell and when bear run starts it is time for holders to buy, just another way of saying buy low sell high.

So if the altcoins are rising, you should sell them and exit them finally. I believe you have faith in some altcoins so you would not sell them, but understand that cycling the coins between the highs and the lows is as important as holding them. These coins will never go too high because someone will sell and the prices will drop again. Do not get into the wrong idea that if you sell, it is gone forever because that may be true for bitcoin but always false for altcoins.

So sell some before the bullrun stops and then you can buy them back at lower price if you wish to. Because this is a continuous cycle, you have to be active here. Unlike bitcoin holding where you can sleep soundly after having bought bitcoin at three digits.

Provided you have prior experience in stock market day trading and you understand the risks, you will first have to develop your own bot to run 24x7 because you will not be able to stay awake.

A bit on the illogical side, because a side earning is always a good backhaul.

You can start with any capital you want. Following this you would have to add in more capital from time to time because the average return from trading will not be enough to fund the capital much.

If you are day trading you will be dealing mostly in shitcoins so that goes without saying.

This is the wrong mentality again. The minimum amount does not determine what you will profit. What and when are the questions that answer this questions.

It is defenitely possible to make a lot and lose a lot by trading. My suggestion is always BTC for the long term but if you have found something more useful by all means go for it and do let us know after a few months because I have seen a lot of traders just ghosting after starting day trading.

So I went to their about page and did some search and found that the text has been copied among the following sites:


Damn, a single search and all these sites are pouring in. Part of probably the same copy pasted site and the same group of people running them. No use trying to hide it, but these scams run rampant among newbies who unaware of scams and how they operate.

If you are a newbie reading this and someone just texted you about any of the above sites, be sure that it is a scam and you should block that person.

I have my doubts when I comes across articles like these. Without verifiable information, the article may have been misinterpreted or simply faked. Please dont be so gullible as to believe everything you see on the internet. Someone buying bitcoin at high without doing basic chart checking is a fool.

Amount is irrelevant, since you can buy bitcoin upto eight decimal places. What is relevant is the point of entry. This needs some analysis on investor's part to choose which points are low enough to buy.

Only if you have bought at high prices. Lack of knowledge and lack of prior experience in other speculative asset trading like stocks commodities etc leads to such mistakes.

Buying at the wrong point is a mistake, not madness. Either they have been FOMOed or they have been foolish enough. Again putting all assets into one investment is also a foolish mistake.

I saw your blog, it is written in Bengali which caters to two specific populations only. One is the country of Bangladesh where bitcoin is having a lot of troubles recently, but has some sort of a cult following. Second is India's West Bengal state where again bitcoin is not that popular yet even though efforts are being made.

The language is the first thing that is lowering pageviews IMO, an English blog obviously attracts a larger population. With these two low tier countries your monetization will be lower than an English blog and it becomes difficult to grow.

You should work on this but how you would want to improve this is your choice. Your post here is done in English and it is not bad, so I guess you could do both versions? (suggestion)

After that you would rather want to start with promoting specific affiliate links before starting to place ads.

Does TRON directly affect the presence of the tokens? Extrapolating, does ETH directly affect the presence of its tokens? Neither it correct. Hence the statement is mistaken.

One basic thing that is lacking among 99% of altcoin tokens and altcoins is that they lack intrinsic market making capability. They cannot generate a market of their own such that the demand keeps rising. This is possible for bitcoin, eth to do.

The first few I guess? Hype always favors the first few.

The nature of the token does not determine its performance. If that was the case then so many variants would not have existed. The point is only that hype is the only factor running these tokens and bagholders should get this into their head.

Like I said above, the reason is clear, if the project does not have a method for holders to spend/use their token, the demand will never rise.

I hope you told them that using a bot needs a much better grip of the tech behind it in order to avoid getting malware and scammed from fake bots and scams that run in the social media groups. It is the duty of the younger generation to teach these people so they dont get scammed.

I dont think a comparison of stocks and crypto can be made like that. There are pros and cons of both. While companies that have been in the world for decades and running smoothly, it makes sense to buy their stocks if the price drops - this will be a long term investment for anybody.

Bitcoin is mostly a good source for mid to long term too. In the short term, one should not be too hopeful with it, losses are more likely unless you are a seasoned trader. Hence a balance between fiat market investments and crypto* investments should be made.

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*By crypto, I mean bitcoin, altcoins are not worth putting your time or money in. Essentially that means fiat markets and bitcoin should be your portfolio.

Logically speaking, if there is no market to invest into a project there will not development of that project. So this combo is less likely to happen. If you ask me, I know that the governments are fond of startups and they are willing to promote development of new projects and if the governments are willing to regulate trading then it is all for the good, unlike what some people might say.

Regulation is inevitable, it may be difficult but will happen instead of outright banning which again logically is not possible.

We have already seen governments supporting blockchain technology and using it for the services provided by many companies including banks.

Which I agree and which is also why regulation is necessary. Partially the users are also to blame because they feed such things to happen more. But yes a government backed regulation will go a long way too.

The point is that they sell.

Whenever a news of a partnership appears the target population is sold. This includes the majority of newbie investors who can but will not buy bitcoin since the amount they have at hand is smaller than 1BTC worth of fiat and instead goes for these shitcoins. For them a partnership means more money and therefore more profit for them. They dont understand that partnering with an exchange site only leads to listing the coin there and nothing more.

It is even more idiotic when people talk about roadmaps as a consolidation factor to investing. I mean like seriously when does a company really catch up to their promises?

Roadmaps are created only to be delayed, is what I consider as proper use of the term. These should not be the reason for investing.

Fact that majority of the altcoins try to compete with established fiat companies is the worst thing. Because they are bound to fail.

Exactly the wrong statement. Partnerships are made from money. You pay Binance for listing fees and they will gladly accept it as "partnership". But you will not understand this right now unless you have dug deeper.