Please correct me, point out that how Bitcoin is bearish.  After half of a year, I am back.  - Data source: https://coinmarketcap.com/currencies/bitcoin/historical-data/
- Here is use Daily Close price for calculations
- Yearly Highest price: Highest price if Daily Close price each year
- Yearly Lowest price: Lowest price if Daily Close price each year
- Yearly Median price: Median price if Daily Close price each year
Conclusions- Generally, Bitcoin is bullish in all three charts, especially if you look at charts for Yearly Lowest price or Yearly Median price
- Death cross, who care about it because each year, Bitcoin moves upward in its bullish ride
- Death crosses, dips, crashes are chances for you to do accumulation and Dollar Cost Averaging (DCA) [1]
[1] https://dcabtc.com/ |
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After half of a year, I am back. - Data source: https://coinmarketcap.com/currencies/bitcoin/historical-data/
- Here is use Daily Close price for calculations
- Yearly Highest price: Highest price of Daily Close price each year
- Yearly Lowest price: Lowest price of Daily Close price each year
- Yearly Median price: Median price of Daily Close price each year
Conclusions- Generally, Bitcoin is bullish in all three charts, especially if you look at charts for Yearly Lowest price or Yearly Median price
- Death cross, who care about it because each year, Bitcoin moves upward in its bullish ride
- Death crosses, dips, crashes are chances for you to do accumulation and Dollar Cost Averaging (DCA) [1]
[1] https://dcabtc.com/ |
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HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?
- Use small capital of yours to trade, like GreatArkansas said. I'd prefer to use 10% to 20% of my capital for trading.
- You have to self-limit total trades daily and if you break that limit, it is reasonable if your bad trading rate increases.
- The market has important movement or decisive days. It is when you should not trade. So if you ignore risks, and continue your trading in such days, higher bad trading rates are expected
- My threshold: 6 trades daily with one coin, if I find any to trade. If I lose 2 trades, I stop trading in that coin.
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After they had cancelled their bounty here.
Bounties can be closed anytime, by any team. Depends on what results brought to companies from bounty hunters. Depends on quality of works from bounty hunters. They are free to join and leave any bounty. Many of bounty hunters do neither care to read rules of bounty nor of companies. They only care of beneficiaries from their sides, it's bad. how do they want people to participate in the campaigns listed here.
Please participate in bounty of ccFOUND or any other projects, with freedom of choice. |
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We’d like to invite you to participate in our brand new, amazing contest in which 10 people will win 50% EXTRA $FOUND Coins in the next investment round starting on Thursday (19.08)! Isn’t that great? Join the gleam and win those $FOUND Coins! Sources:
I made this topic on behalf of ccFOUND Team. |
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But the difference between truly understanding, and understanding nothing would be a big difference in my opinion. I believe it can start their path into a HODL-type mentality, which can also reduce the emotional stress of HODLing.
Education has its importance that I agree with you and everyone. However, in reality, practice is the key and most of people don't listen to advice from experts, especially risk warnings and they learn from their practice, experience. In financial and crypto market, experience is vital. People can get rich easily with cryptocurrency but if they are not smart and experienced, they will lose their money very fast. A quick example. In 2016, 79% shares of the US. aggregated wealth belong to the Upper-income.  Gaps between upper-income & middle- and lower-income households (Pew Research) |
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when I check the post history then actually I can show the image even though I don't see it visible at the time of posting. Is this a bug or is the image just hidden in the post and not in the post history?
It is a hidden feature of the forum. I guess it is similar to the hidden feature. Click on post history, and post with image from newbies, then you will see images. By default, images are disabled if they are posted by newbies, but if you check that post in post history, images will be displayed.  |
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Short answer: NO. There is no fairness or equality on the world, frankly said. Any system can try to do fair, equal wealth distributions but in reality the rich take it all. At least, 20% of the richest people take 80% of all assets on Earth. You can expand it from nationwide to worldwide scale, from financial to many other aspects. Why I can say this? Because of Pareto principle that is proved as accurate and applicable in history. So, I invite you to check it out Additionally, Bitcoin is not created for equally wealth distribution. People are given a chance to have their own banks, with Bitcoin. Take it, skip it, be richer or poorer with Bitcoin, it is their responsibilities. |
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Newly Listed Coin Chart - https://poocoin.app/>You can view a clear graph here especially for newly listed tokens on DEX, So that you can see if the price is over bought or sold before you APE(Common mistake of newbie is just baying without reading chart). Poocoin.app is a paradise of scam tokens.
Potential coins / tokens to invest are ones that go through the market at least 4 years and still survive and are actively developed. Why 4 years? Because it is a big cycle of the market, from bullish-bearish-bullish. Scam and low quality projects will die in bear market. Such projects might be revived in a new bull market but as said, they are not actively developed projects. I share some websites for you to filter potential projects for your portfolio |
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The contest duration is from 10 August 2021 to 17 August 2021 so only one day left, hurry up, guys! Note that we changed the Twitter username to https://twitter.com/ccFOUND_Global |
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The problem is that those who buy DeFi garbage have one and only one goal: to make money. And they do not care about what that garbage is. It may not even exist as a token at all. Take 2017 for example, there were dozens of dead coins (literary dead, a coin that didn't have any new blocks mined for more than 6 months) that were being revived and pumped hard. People bought those coins! So clearly they don't care at all about what they are buying as long as there is a "chance" it might give them some profit.
It happens this year, chain migration, source code migration, bridge with DEX. Honestly, low quality is low quality project because it does not have real use case and it does not matter what chain, algorithm it is running on. Since 2020, I see successful revived projects are limited because in the last two years, DeFi and NFT takes almost all capital in altcoins. There is less chances for dead projects to come back. It's harder for them than in 2017. |
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Types of newbies - Purely spammers
- Try to be helpful but don't read before posting
- Try to be productive to make posts, topics but don't search before posting
Should read |
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Equivalent Network TimePeople who joined Bitcoin market since 2016 or 2017 should feel how scarcity of Bitcoin now. After every block halving and every 4 year cycle, we should feel Bitcoin becomes more scarcely. The fact is total supply of Bitcoin is finite and we all know it. It's just our feeling about the scarcity of Bitcoin changes after every halving and after every upwards increase of Bitcoin price. Please read that topic, you will see two big facts: - In 2032, 99.2% of Bitcoin supply will be mine
- Miners will have to spend more time to mine 1 Bitcoin.
11 more years and 3 more halvings until 2032 so you are not too late. Stay positive guys, you are more luckily than people who already knows about Bitcoin in 2032.
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Smart, lucky and adaptive people are whales. I don't believe that many people became rich with having Bitcoin in their possession. They may surely be smart, lucky and adaptive, but only a fool would believe that Bitcoin would reach to $64,000 back in 2010-2013. If you were to told them, I'm sure they'd laugh on you. Bitcoin made rich those who had lost Bitcoins and found them later. The ones who became rich with Bitcoin, became mainly by accident and not due to their own crisis. I know and I stated it It is not a good financial advice if I say you only have to buy Bitcoin, and don't mind anything happen in 8 years. Because it is your money and your life.
If you, ie. invest in Bitcoin with your money, and you have believe that is backed by knowledge, allocate 10% or 5% of your Bitcoin for 10 or 20 years later is not bad. That allocation is small in your total portfolio and it is better than any lottery ticket. People believe history repeats with cycles, but they don't try to believe in 5% or 10% allocation as Bitcoin lottery ticket. Let's check min yearly price. +---------------------------------+
| year min_l percent_change |
|---------------------------------|
1. | 2013 65.53 . |
2. | 2014 289.3 341.48 |
3. | 2015 171.51 -40.72 |
4. | 2016 354.91 106.93 |
5. | 2017 755.76 112.94 |
|---------------------------------|
6. | 2018 3191.3 322.26 |
7. | 2019 3391.02 6.26 |
8. | 2020 4106.98 21.11 |
+---------------------------------+
Assume I owned 10 BTC in 2013, if - I sold all 10 BTC at $65, I got only $650.
- I sold 9 BTC at $65, I got $585. 10% reserved is 1 BTC, if I sell it anytime this year, I get much bigger than $585
- If I see profit, I am happy if I sell 95% of my BTC. For 5% to 10% left, I don't care even if I lose it
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Every retail investor must train himself/herself to understand and analyze whale movements, behaviours and signals, major events, and news if they want to be ahead of the game. Retail investors are able to anticipate and properly analyze the manipulative and non-manipulative market moves of whales, to prevent unnecessary reactions. In this case, familairity with on-chain analysis is crucial and Glassnode is a fantastic tool that makes life easy for the retail investor.
Sometimes and with Bitcoin, being simple will help you get profit from your investment. People who bought Bitcoin in 2013 (8 years ago) don't have to understand or know any on-chain analysis to see Bitcoin at $64k. It is not a good financial advice if I say you only have to buy Bitcoin, and don't mind anything happen in 8 years. Because it is your money and your life. However, if you buy 1 Bitcoin, you can take care of your 0.9 Bitcoin for market movements (daily, weekly, monthly or quarterly -- depends on your short term or long term investment). For the 0.1 Bitcoin, you should forget it, move it to a non-custodial wallet. Keep it for 8 to 12 years later, and let's see. It would be amazing if in 2032, you can earn more money with just 0.1 reserved BTC than what you have with 0.9 BTC now. Not my financial advice. |
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That’s why I believe education is the answer. We the plebs should first understand the basics of Bitcoin, how and why the incentive structure works, Bitcoin’s value propositions, and how the protocol can be a fall back in case the government loses control of the monetary system. Maybe that would stop our fellow plebs from selling their coins to the billionaires?
Education is not enough because the financial game relates to emotions, psychology, intelligence and adaptation. Education is just part of it and can not change how the crowd behave on the market. The Pareto principle is proved in history, in many areas, not only in financial or crypto market. In academic research, the principle can be stated as 80% of highly impacted/ cited articles/ researches belong to 20% of top-notch researchers. |
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Seems my account has been permanently banned from discord. Not sure why.
Really? Is it sort of personal attack? I tried to check the market and it doesn't seem that many are making transactions, even for the BTC pair the number of buyer orders is empty. Can I get the details of this project? such as development team, active site, telegram community, and others. The current website (eloncoin.org) cannot be accessed.
what about the transaction fees that appear in the future?
Transaction fee is very cheap now. 0.0001 EMC/kB and with current price of EMC, it is very cheap. |
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Usually the "upper class" and the wealthy haven't gotten wealthy out of thin air. They have amassed the wealth by thinking better than the rest of the world. So it would be an educated guess that those who are better at seeing and seizing the opportunities own more bitcoin than those who are blind to opportunities.
But that is still a guess, which is why I always disagree with this type of statistics because in bitcoin we have no way of measuring these things.
Smart, lucky and adaptive people are whales. Luckiness is not enough because if they are not smart and/ or believe in Bitcoin & its economics, they would sell Bitcoin years ago when price was very cheaper than now. Smart and adaptive people can make their fortune from zero but I know there are not so many self-made whales like that.
In simple terms, whales sell at a max price to retail customers, and they then panic at some point and become weak hands, which is then re-used by whales for a new accumulation. It definitely makes sense if we consider the old assumption that there are about 10% of extremely intelligent people who control 90% of the world’s wealth.
The Pareto principle states that 80% of asset belongs to 20% of richest, if we apply this principle for social wealth distribution. 80/20, not 90/10. It is why I am happy when I see the results from Willy Woo and more interestingly, it matches the principle after the author excludes Satoshi's coins. The principle would be not correct if Satoshi's coin is included in the total circulating bitcoin in the analysis. I don't think the author excludes Satoshi's coin because just wanting to prove the Pareto principle is accurate in this case. |
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Usually the "upper class" and the wealthy haven't gotten wealthy out of thin air. They have amassed the wealth by thinking better than the rest of the world. So it would be an educated guess that those who are better at seeing and seizing the opportunities own more bitcoin than those who are blind to opportunities.
But that is still a guess, which is why I always disagree with this type of statistics because in bitcoin we have no way of measuring these things.
Smart, lucky and adaptive people are whales. Luckiness is not enough because if they are not smart and/ or believe in Bitcoin & its economics, they would sell Bitcoin years ago when price was very cheaper than now. Smart and adaptive people can make their fortune from zero but I know there are not so many self-made whales like that. |
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24h Bump !
PROOF OF REGISTRATION
Forum Username: Mohsin420
Participated Campaigns: Twitter,
BEP20 Wallet Address: 0x1785AbFfb5857A43BF7F8847E4B5076f4546AA0b
You don't have to make any post as Proof of authentication, proof of work here. All things will be done on Twitter. Two teams (ccFOUND, Basketcoin) will verify works of participants and choose winners. They will distribute rewards to winners as well. |
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