You are not alone with that sentiment. But giving up is the wrong step.

Learn a lesson that in order to make profit from this market you should close yourself from all sorts of "talks" because talks are only bullcrap. What you determine from reading charts is final. Self-proclaimed analysts out there are getting paid to "talk" and you want to listen to that to make financial decisions?
See that is your mistake, you want to hear what you like, but you are not getting it and therefore getting "fed" up.

I think not, since the price is growing at a steady rate, both sides can happen but after a smaller recovery I guess price might rise.

Would suggest you not to think of such statements. Anything can happen in the market and being hopeful without logic is wrong.

When the market trades sideways you have to keep money ready on both sides. Keep fiat ready to buy if it crashes and bitcoin ready to sell if it rises. That would be the ideal strategy for you.

Price is rather on the uptrend, but I get your point. Popularity is not the point here. Demand and supply ratio determines the price.

I dont see how miners are involved in this. They do dump their coins when the time to ROI is coming but the significance of that on making the market move decreases as block subsidies get further and further halved.

You have to understand the chronology here. First when bitcoin was started it was not popular at that time people bought it just for fun and probably not having any ulterior motive in mind. Then the craze of these millionaires started and that raised the price a lot. But the difference is that the latter is an inorganic pump subject to high level of market manipulation.

Entertainment is a completely different ballgame. But there can be two separate groups here. One groups would contain directors who have their own style and have been developing a lot on that and they would have their own fanbase that keeps growing.

Another is the ones who tend to follow world politics and movements and attempt to make content based on that. These dont really get a long term following but a short term trend.

The only similarity if the fanbase thing. Rest of the concept is different and not interchangeable words. That would be too much generalization of two different topics.

Crypto does not needs to trend to be alive. This is the direct effect of the altcoins being made and becoming popular through trends and the term crypto being used more commonly with all sort of altcoins. Bitcoin only needs users to use it, whether people want to invest/keep it as a store of value would be their choice. However exchanges tend to follow the trend in attempting to spread the word about crypto.

The common wrong step taken by newbies entering the market. May I guess the reason? Is it because your capital amount is smaller than 1BTC worth of fiat? Because you cannot "buy" one complete bitcoin in round figures are you taking this step?

Let me remind you that you can buy fractions of one bitcoin upto eight decimals. Dont make the mistake of cheaper altcoins. They will never be giving you a profit worth of putting your time in.

When was the last time you checked Stellar's price charts? It's all time high is something more than 0.8$/XLM not even 1$ and that was back in Jan 03, 2018.
These stats can be found on any aggregator site like https://www.coingecko.com/en/coins/stellar

How do you expect this coin to go to more than double of its 3-year old All-time-high in a month from 0.3$ now? Unless you have some huge insider info you would be mistaking buying this.

I agree, people should learn to accept these as normal if they are in this game. After all, they have agreed to use a currency that has been declared as belonging to "Grey area" in some countries.

The good thing about regulation would be the stop of scam projects that rip off people's money with fake promises and the bankrupt projects which vanish without a trace. Today in the ICO market 99% of the coins listed there are failures and ripoffs. This is have a bad impact on the image of cryptocurrency. Even though we old timers still consider crypto to be majored in bitcoin, the rest of the world does not consider so. For them altcoins carry a reasonable importance and therefore the regulations are necessary.

A number of copy pasted text and social media links pointing to newly created accounts this month make this a very suspicious site at first glance. Following which the humongous interest rates are the nail in the coffin, which can only mean the site to be running a ponzi scheme.

Their address  shows up on search engines to be the location of some lending companies but further information can be known only by a resident of that area. This is however a common practice among scammers to use addresses of known business centers in order to show off.

I would suggest others to report the domain name to NameCheap for abuse as well. Flag is of course supported.

It is an exxageration that daily products price will change too much if market becomes too volatile. You can prove it yourself by doing some simple calculations. The drop/rise in BTC vs USD needs to be more than 10% to make a significant price change in the  price of any article. However for a shop using bitcoin for payment, the owners can use adjustments to keep the prices fixed.

Another method is to directly accept BTC as payment. These are all possible if someone is willing to use it. But then why does it not become popular in countries outside the US? The reason is lack of government support.

Since spending bitcoin is out of the options, therefore holding it as an asset becomes more popular. It can change in future if governments are more lenient towards use of crypto and then the scenario will change. The prices will not longer rise this high or become stagnant at certain ranges.

I remember how much of a hype BCC was at one time and many of the forum members and  outside this forum users took part in it. A large group was from PH and I would interact with them through chatrooms and so. Tried to explain it to them but they would not listen and they are rooted to the fact that the site was legit. We all know what happened after that.

Thank you for sharing your professional experience. It is sad to see how certain unscrupulous youtubers are willing to mislead people into wasting their time and giving them a false sense of hope with such videos.

I have long learnt to ignore those and only listen to facts that have proper evidence or can be proven. What I dont like is that some newbies want to genuinely learn about crypto and they get side tracked to such shill promos.

Honestly speaking, what are the chances you can win a lottery or be able to buy a shitcoin that will rise very high in price? Very low. So would you rather look for the needle in the haystack or work on developing your own trading skills in order to make money?

Buy low and sell high will work all the time. It is an age old method and it always works. Point is that most traders fail to use it properly. They buy when everyone else is buying and sell when everyone else is selling, while they should be doing the opposite.

Although it is completely subjective, I feel that the point the OP is trying to make is day trading strategies and attempting to gamble on the day trades. Nothing something I prefer, but yes the buy low sell high might not be possible to perform here.

That is incorrect. The end result of a race is winning or losing. The end result of trading is neither. You gain a profit only if you sell high or withstand a loss only if you sell at low. But that does not mean that you lost the money. You simply converted one coin to another. You always a chance of exchanging it back.

Again incorrect. A professional trader does not learn new things everyday because that everyone can do - it is not a battle of knowledge but a battle of timing and nerves.

How exactly? Unless you are the owner of some pump and dump group of course.

At least keep your posts with correct spellings.

Also surely you might make a lot of money from this but have you know that possibly hundreds of ICOs ran a few years back with the exact same concept and are now either bankrupt or abandoned their projects? You might argue that these guys have something that the older ones did not have. I would be to differ that they are all the same vaporware being recycled with new names and new websites.

That sounds more like a gamble than an investment. While there is no harm in that, I would rather advice you do choose your entry point carefully and assume the money to be lost and not expect a return.

It started before the pandemic.

With collectible like stuff being traded as NFTs, personally never found any such thing as interesting. But then some celebs got into it as started riding the hype which coincided with the worldwide pandemic. I dont think the later has any connection with the former. People mostly created NFTs are the one who have already been doing this for a few years and this only brought in new buyers/sellers into the craze.

Point is that the crypto users need some hype to survive and make money. So they move from bitcoin>Altcoin>ICO>Stablecoin>DeFi>NFT and so on.

I laughed seeing the section that says "Payment we Accept" - and there are 5 big icons of bitcoin 

Zero effort from their side to make themselves look legitimate - their social media links at the top right hand corner are not even links. Previously I have seen scammers at least put in fake links there so that old aged people who usually fall for these would hover their pointer over it and at least see the link if not click on it.

They even talk about having a team 24x7 running but makes no effort to post about their names or work experience.

However what these sites run on is the referral commission that people make from them. That is why some people make a living promoting these scams to older tech-scared users.

But the chances of that are how much? 1 in every 500 coins might be seeing such changes and the number of bounties being posted everyday is more than 50 something

So would you rather dirty your hands doing through the haystack or keep it simple with bitcoin getting accumulated over time? Add to that bitcoin being easily converted to fiat if you need to while these bounty tokens will have to get listed and then exchanged. Also note that on exchange listing a major dump happens and coins get listed at 10% of ICO price only.

It is a frustrating rat-race and you would not want to be a part of it.

Report them, those are offtopic and need to trashed. But truely they cannot be stopped just like that, the smell of free money is too enticing for them.

I think the key point here is not be stubborn with any investment, that is to say allow your emotions to make your trades. If bitcoin does drop, one should keep the funds ready at hand to buy at the low because otherwise this becomes a missed opportunity.

If bitcoin would be going up, dont buy right now - because at that point both up and down can happen. Rather hold on to what you have bought at that
low and sell it when it goes up.

Meaning that buys should be done only on the lows and not when the market is going sideways and stagnant. It is not that difficult to understand but difficult indeed to apply when trading.

I think the reason is the deflationary supply system and that makes its price rise inherently with time. Therefore people are willing to get into it early and make some money while they still can buy a decent amount of bitcoin in whole numbers.

True, but market craze will be temporary and celebs saying good things are also temporary. The deflationary system is on the other hand permanent and so is the censorship-resistance.

Therefore there is a reason to be bullish for long term.

But this also depends on the investors own mentality and time period. If they are willing to hold for long and then sell, they help drive the price organically.

It has become speculative asset, so the cycle happens when people buy and sell. Since trading happens in terms of a fiat based currency hence we see the prices rise and fall. Otherwise 1BTC is always 1BTC, that amount never changes.

Event? bitcoin does not to do anything to rise in price. Rather the traders buying causes its price to rise. Of course any price is possible but feasible and the time period for such to happen cannot be predicted so easily.

I see where you are going to.

Lets say you want to buy bitcoin, someone out there has to sell their bitcoin. Now whenever prices rise there are people ready with sell orders at higher prices - those who are ready to exit. Hence a correction always happens. Rest is the organic/gradual/long term growth that happens with time by the hodlers. So "unaffordable" is a relative term. Someone out there might be willing to sell it at lower price too, but maybe not on exchanges.

First it has to be legally tendered. And it has happened in only one country and that too with a lot of bad rumors. Rest of the countries are not doing so. So why bother?

Depends on what you mean by "hand in hand" - as alternative type of investment, Yes. Ease of conversion? I dont think so.

But you have to understand that each mode of investment has its own pros and cons.

DeFi is not the future, that is where you are mistaking. Bitcoin is something that will exist in future with fiat but not DeFi. The hype around DeFi changed the very nature that DeFi started with. Having seen the days when a much less popular site today, Bitrefill arise from, that is the DeFi that people need. Not stablecoin pools and other passive earning methods.


1. Banning bitcoin mining and banning bitcoin are not the same.
2. It is next to impossible to ban bitcoin. For doing so means shutting down complete electricity and internet services - that is not possible for any democratic country do today.
3. Banning mining can happen and a government might choose to take steps to stop people from mining or to regulate mining in a different way that does not interfere with their monetary policy. That is a risk miners have to take.

So no bitcoin is not losing its purpose. If you are using bitcoin you are still serving its purpose. Depending on where you live, you may not be able to spend your bitcoin for paying costs. That does not remove its purpose. Regional differences only show that improvements in usage are needed in future.

Fristly, if the project is a "high quality" project, they will not come to a niche section of the world like cryptocurrency to be funded. They would rather go in the fiat market and into private funding from VCs and probably be followed up with a public offering. This basic conception is lacking in the minds of the newbie crypto users - that is why this question pops up.

You are no position to identify top projects by just looking at them. VCs can do that because they have been on both sides of the table and they probably have been doing this for ages already. Moreover, there are under the table deals with VCs and advisors in order to make sure that they secure their profits before the projects is made public.

Just remember that if a project is trying to replicate a model that has been very successful in the fiat markets and this one is trying to compete with that using a crypto funding, the project will and surely will fail. Because this competition is impossible to overcome and time has taught us investors that.

I believe that is difficult and therefore has not been done yet, but surely the government are working on it behind the scenes.

True that, once an exchange gets hacked, the money goes in limbo, the investors who had money there naturally have no choice but to move to a legal firm to settle disputes. I dont see this problem being addressed and therefore advice users to not store coins on exchanges after trade orders have been fulfilled.

In my eyes, that is a good thing. Reason is because of the anonymity that is provided by crypto, many people have been laundering money and using it as a tax evasion method. Now the government has use of the taxpayers money, whether you like it or not is not the point here. Third world countries for example have free government services and they are paid from taxpayers money. If there is lack in that, then a there will a lack in quality of government services.

Key point is that it should have legitimate users. Which in most cases is a tough thing to determine with accuracy. Majority of the social media channels will be filled with bounty hunter accounts and bot accounts so as to show the numbers but it is inorganic.

Though in reality if someone is willing to invest, they should check out every person - which is quite impossible.

Rather a sensible thing would be to question the advisors directly on linkedin about their involvement in the projects. Many times projects just put up their names without consent and on questioning comes very confused and bamboozled responses.

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Either way 99% of the coins are going to be failures, so why bother look at them when you can buy bitcoin?