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I think even the most professional investor/trader in crypto industry would still be wrong sometimes at this. There isn't guarantee to where the price will go. It's like a toss of the coin. The force of the toss is where the speculation comes from, while here in crypto the pattern of the price, spikes, etc are like the knowledge that there's a probability for a certain price movement.
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This is what I was trying to emphasize previously. I am not sure why would people think of adding liability into their finance then letting the lady luck decide their fate. It's gonna be hella depressing for me if I was to do that then Bitcoin plummeted. I think I would go really really insane. Plus from what you mentioned, interest rates.
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It will be a slow start actually, as it depends sometimes to the area that the store belongs. I am pretty sure that nobody would adopt crypto to even banned countries even such personal transaction is still possible. I was planning to conduct a feasibility study for this because I'd like to at least increase BTC awareness for people around here. I remember someone posting in here when he made a seminar about cryptocurrency. It was quite an initiative actually and it was successful
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Learned my hard lesson to not even do KYC. Good thing that my attempt back in the days had not became a habit, because there was once an airdrop trying to bait me into their phishing site. I imagine how screwed I am when I even went through KYC. Even in online crypto wallets, I don't trust my documents to them what more for these random people.
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Ranking plays a critical role, because not everybody is fan of low trading volume and no matter how justified your explanation would be to convince investors to invest at that particular coin, you never have the power unless you're like Elon Musk that surely influenced the market a lot. CMC would be your first step into finding one, obviously.
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It's not that surprising actually. Even devs might not think of it for obvious reasons that they want the money to get into their pockets first before anyone else's. It's like you build up your business and you already paid those people that promoted your business before you even get a single buyer to buy your products.
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For me when I talk about altcoins, I mostly think about ETH before anything else that is below those two coins. Not sure why but I got used to it when I was starting to get into trading. Used some quick exchanging coins like shapeshift then directly deposited it to some exchanges I randomly wanted then that. It's probably ETH but hey answers might change one day, we never know but that's the nearest we got.
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Some trades we take are in wrong direction but because we want to be hopeful that it will come back to profit, we allow it and it close against us. If we keep doing this, it is the exact opposite attitude of someone that wants to keep their initial capital.
There are steps you can take to reduce the loss before you lose every thing or it get to your stop loss and such is
1. Stop the trade: This is very good but difficult for many traders to do it but if you do that, you have potential loss that you have saved.
2. Use of stoploss all the time: This help your losses to be minimal.
3. Try to adjust your stoploss: You can do this if your trade is already in profit and you suspect that it is going back to your entry price, so you can take your stoploss to entry and all the order to run for profit or it stops at your entry.
I just did #1 and never went back. My first day trading experience was hella emotional rollercoaster and I wouldn't forget that crap really happened to me and I have no means of recovering my trade because of my panic reaction back then. I guess I should've learned sooner the stop-loss strategy. Oh well, another journal entry for my Trading Diary .
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What can we expect anyway for many investor's reaction to it? Many people are driven easily by celebrities that's why these happens. I respect Elon Musk, but some people should learn to think for themselves and not get merely influenced by celebrities. It's just like one of those teens getting easily manipulated by Tiktok influencers.
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Expect newer projects to dump when even the top coins go bearish. Panic selling is quite common here so never be surprised that some coins will be forgotten in the existence. You're right that possibility is quite low just from how much price surge we got lately, hopefully not solely from the celebrities that said something to crypto.
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It's merely forecasting from the slope of the graph. From the pattern it made even with naked eye, many people would now be suddenly be a "finance expert". Trust me. If we were still half of that line, no one would pop out to claim that the price would reach even 50k. No one knows, because BTC is unstable.
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Ah yes, that feeling when you know you nailed it. It's like an early celebration syndrome as well. It's happening to me in studying not in trading though. Since when I nailed something, I usually celebrate so immediately then forgot where I left then I get drained out after that. In hodling, I think it happened to me as well like back when Bitcoin went to 20k and I thought I can almost sell then suddenly it plunged. Anyone remember that year? 2017, yes.
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Connect? You mean through transaction? What information are you trying to imply? Only thing I can see is that you're giving out your address to people you transact with Bitcoin. It's obvious that you shouldn't give out your private keys.
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Everyone has their own price, OP. 51k right now isn't profit for anybody. I stumbled upon one thread that the OP isn't really happy at price surge. Everyone only has their own %-age in profit/loss.
Hodling forever? If you're already starving and falling behind bills, I don't think there's still reason to hodl further.
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I am indeed averse to reading when it comes to too much technicalities, so I also watched Youtube videos for tutorials. We kinda share the same story, OP but then I truly quit, because I didn't really have the moment to trade. I guess I immersed myself when you mentioned that we shouldn't use demo account to practice trade because emotions aren't really going to kick in. Or maybe such platforms would make limitations on making demo accounts so that learners would get the feel of actual loss.
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Give it a week, OP. It's making sure that the perimeter is secure. I would be a little bit paranoid if that happened to me and I wouldn't touch any of my phone. Good thing that you dodged a bullet and the SIM swap was resolved when you changed it. Wait for binance to answer your inquiry for that. You're never sure if the hackers are still preying on your money when you deposit. My advise, OP. Put an anti-malware next time. Though you mentioned that it is related to a ledger data leak but since you're using laptop now, I would still advise to. Installing anti-malware is often overlooked by many people until a disaster hits them. In this thread, since some people here were too lazy to read the replies and your updates from the replies. Please edit the OP for the updates on the incident.
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It might as well due to cause of whales in the market. Though them alone isn't gonna suffice actually. We have been experiencing volatility from the start already so we can't conclude that it's all because of only whales, influencers, institutions (as you mentioned). Maybe it's just because Bitcoin is almost global, with some constraints to those countries that have Bitcoin banned.
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Altcoin and holding? It was Ethereum for me. Altcoin and trading? I remember tiny bit of my profits although it was all loss from ADA. It isn't the coin, it was my newbie mistakes. The usual impatient decision I made. Non-altcoin and holding? Of course Bitcoin.
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he's been throwing tweets related to doge and this was not the first time. so he's really interested with doge a long time ago. maybe now, he has the courage to say that he bought doge. and this simple tweet made a huge price leap for doge. been using this coin for years, so maybe it is their time to shine, right? and also, the doge dev team may reconsider revamping their developments, now that it is gaining attention from the community Kinda surprised that there are that many celebrity driven investors in cryptocurrency. Not entirely sure if the whole price surge, not just in Dogecoin but to all the coins in crypto was because of this simply tweet of a celebrity. We're up to a slide downwards if this is really the cause of it, or like walking in an eggshell.
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It's possible from how the 49k is about to break 50k mark right now but I would still expect a lot of correction before that happens so there's that. Many tokens are surely for the sell, because many would probably convert their tokens to BTC once that breach happens but hey we still don't know what's going on in each investor's minds.
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