Hyperinflation is not a cause

It is an effect of and a consequence to some underlying problem (a host of problems) which reveals itself in many ways, while hyperinflation is only one of them (but probably the most conspicuous and telling). The point is, you can't effectively deal with it without dealing with this deeper problem as it would be like fighting with a symptom of a disease instead of overcoming the disease itself

And the main problem with that problem (pardon the pun) is such you can't solve a problem by relying on those who are creating this problem in the first place ("If you're not part of the solution, you're part of the problem"). In other words, solving Venezuela's economic woes first and foremost requires dismantling the whole political system there, which is a grave problem in its own right

I think not till the halving but one should think about before the halving one should actually sell , on the halving the price is drastically gonna fall a lot , because the bitcoins will be at their highest in long long months and now one should understand that if it's like that then sooner or later people will sell and the market will go down and you will still sit waiting for the next halving and we have already started seeing all the affects of the halving.
And to all the people calling Corona virus an epidemic trust me it's not that yet.

I am not surprised. If Bitcoin gets worldwide acceptability, then the role of the middlemen in the financial sector will come to an end. When I mean middlemen, I am talking about the bankers, hedge fund managers, and those who operate money transfer and remittance services. Now Bitcoin is a direct competitor to these people and it pose an existential threat for them. Who will pay 10% for remittance service, if the same can be done with a Bitcoin-based system with just 1% fee? Also, who will keep the money in a bank account, if Bitcoin allows you to create your own wallet and store the money all by yourself?

I got my first mBTC sometime in 2012, and ever since that date I have created dozens of Bitcoin wallets. I have/had accounts with dozens of cryptocurrency wallets and they alone should number ~20-25. On top of that, I had created a dozen or so wallets in Blockchain.info, before moving my coins elsewhere. It is hard to calculate, but my guess is that I may have created close to 100 Bitcoin wallets. As of now, I am storing my BTC in around a dozen different wallets (including exchange wallets, online wallets, hardware wallets and paper wallets).

As far as I know, we have these offline wallets but I don't think that is that good since I don't see or hear anyone talking or using it anymore. Another thing is that we are accessing our bitcoins through our bitcoin wallets, a bitcoin wallet is our key to our bitcoin that is why we can't really do anything about it. Here's the thing though, you can still access your bitcoins even the government ban it in your country, it is not like they can stop you from accessing it.

Personal logic with business logic must be one-way. If we don't manage to make the smart trades the losses are going to be massive and the wins will be tiny. You have to keep a close record of your trades and make sure you don't get stopped out in these massive fields of chopiness. You have to stick to your strategy if you trust it and have good money management.

It is not like you are forced to look at the charts 24/7. You can take breaks from time to time. Most of the exchanges now a days are mobile friendly. Use your phone to keep yourself updated. Keep certain hours for trading and the rest to enjoy or do casual stuffs. You don't have to be trading 24 hours to become a full time trader.
You probably would be (or already are) saying the same thing when you go to your office for working.
It might get monotonous, but if you want to make profit, then yeah you will have to get used to it.

To all of this I will add being realistic about what you can achieve with your trading activities, many people want to earn 10x or more in less than a year and while we have heard stories of people that did exactly that not everyone can earn so much money out of their investments, you need to set up for yourself a set of realistic goals and until you do that your success will never come.

A more realistic goal for this market will be to make between 15% to 25% per year, which is really high especially if you are trading with an important amount of capital.

This can definitely have a good effect on newbies since they will be learning first hand about how the exchange in which they want to trade is going to work and they are not going to make mistakes when faced with the same situation when they are actually trading with real money.

Keeping records is a great idea as well as you will understand why you did what you did back then and you will correct your mistakes, the only bad thing about demo accounts is that you will never feel the anguish of having a losing trade and until you know that and how you react to it you are never going to know if you are going to be a good trader.

Nice charts, thanks for sharing. I currently DCA on Tuesdays, mainly to avoid Sunday/Monday end/start of week volatility, but maybe I should be dca-ing on Mondays instead. If anything, looks like Tuesday would be the worst day, if on average Wednesday is the selling day of the week. I'd be interested to see if there is more recent data collated from the past few years, like 2015/2016, as opposed to all data since 2013. Either way, it looks like Mondays is either popular as it's after the weekly close (confirms bullish/bearish bias), or because it's the day that most people dollar cost average. Hard to tell.

It is very interesting to try to tell what it is going to happen in the market from now on, today we are seeing an important recovery and that is always something good but we still need to break away from the 9000 level that stopped bitcoin some days ago.

If we cannot do that each attempt at making it so that fails only weakens the position of all of those that believe this is the beginning of a new bull market, as such the next days are very important to try to tell the direction that bitcoin will take and whether or not a positive trend will emerge from this.

There are many conditions to crash any current market to zero, but in terms of cryptocurrency there are few:

1. War
One doesn't simply recover from a massive destruction, whether by financial, stock or cryptocurrency all will suffer. Rebuilding what has been lost can be a painstaking task. Cooperation and trust are needed very much for any restructure but after a massive war it can be a very serious matter.

2. Network Failure
If the main internet grid has been destroyed or any existing channels of internet has been replace by another technology it can disrupt the current market by shutting down P2P. No connection, No P2P.

3. Global Ban
The current cryptocurrency market possess no potential threat on any fiat currencies but certain countries do ban any transaction in junction with crypto. If there would be a global ban regarding crypto markets and penalize those who engage such endeavors then most likely it will render the market into a crash.

Almost everyone here, including me, would love to see Bitcoin become a primary currency. But, if you look at it you would see that there is no chance for such a thing to happen. Bitcoin is a decentralized currency and due to that there is country or government that can own it. The world prefers a centralized currency like dollar, Euro, pounds, etc. Not being centralized automatically disqualifies it.

I’m guessing that countries will just create their own cryptocurrency, and I have heard of countries with such plans and I am sure all such cryptocurrencies are just another altcoins and nothing more. So, our dream of bitcoin will be hitting mainstream adoption may happen quicker than we are all dreaming.