Cant say for sure, but from what I have heard, day traders base their predictions on TA more than FA. So I guess for them it is an important point. For long term hodlers though FA becomes more important, except for bitcoin though, where you can hodl for years without having to an ounce to think about.

Majority of TA I have seen is news and market "analysts" talking about the market at the end of the day. Rarely I have seen any of them following up the predictions. So if someone follows that, they will reach the notion that TA is complete bullshit. But in reality it has some utility as well.

However TA is not essential for trading. Like I said, hodlers can easily ignore TA and go with the basic price charts to buy.

OP recently registered in this forum. Maybe you should go a little easy on them. Point is that many newbies get into reading stuff from social media and search results where they see cloud mining advertisements on almost every website and because the scammers know that the stuff is a scam, they give a vague answer to the newbie hoping to rope them in.

In such cases they come to the forum for guidance and we as seniors here need to clear their confusions. There percentage of humans who understand crypto and scams based on crypto is not large, hence these topics come up once.

Yea and about those, most are not worth taking part in. Only trading is an evergreen thing. But staking and "farming" - (pun intended) will only grow your shitcoins and not give any decent profits back.

Happens with the altcoins - dont you think? I have seen and heard many altcoin shills stay in their bubbles and keep buying more shitcoins only to increase their stock but not having any gains - a continuous cycle of despair.

In that sense, buying bitcoin is better for sanity. You can see the importance bitcoin is gaining from the mainstream world and you can also see the complete lack of importance being given to shitcoins, but which I mean the coins that do not fall in the top-10 list on CMC.

I would say, this happens always whenever there is a bitcoin craze. People read news and come in to buy bitcoin but find its price "too high" because they never cared to look into it when the market was bearish and hence they settle with some shitcoin. Mainly the ones being promoted at the same time, which you have correctly mentioned.

A newbie trader's wet dream for sure. If there was a method to predict every market movement then that person would have already become a millionaire - dont you think? But that has not happened yet.

If you are looking for trading purposes, then my advice would be to learn how to read charts and how to interpret indicators. Then set up your own predictions and see how much you got them correct. Someone who calls themselves a "genius" and sells their picks is actually scamming you.

Having a background of stock market, I know this pretty well so I would never use them. But I am aware that many "influencer" type shills are out there trying to sell their group memberships to FOMOed newbies only to rip them off their money. Hence you need to be careful about such paid/free platforms. They are all essentially scams.

The one being accused is part of a farm of accounts which have been hosting ANNs of shady projects in the past. If you follow their posting history, they have been one liner spammers for a long time in this forum and been recently recruited into posting ANNs.

On their webpage, all the top links are showing the same popup - seems nothing more than a joke to me "that they are working on".

But the copied whitepaper gives it away, bunch of lowlife scammers they are indeed.

Reporting the domain to registrar - https://ownregistrar.com/handling-procedure/

And supporting the flag for sure.

The term of successful is applicable to altcoins.

Bitcoin is already running for 12 years now and people have been using it without problem. That is the biggest sign of being successful. It also depends on what parameters you consider as success because it is a subjective scale. If you talk about price then I guess a rise in price from 100$ to 60k $ does sound like successful.

Altcoin projects, these have some mission/vision to proceed with. If they are half-baked and just gambling their name in the market to fund themselves then they are not serious about the project. The first few altcoins did have some sort of idea to run and they are successful. But if you are looking for one in this situation that happened post-2016 ICO craze, then you are looking at the wrong place. Your money would find better output in other investments.

You have to have a diplomatic mindset when the people around you are brain dead about something new. USDT has speculation of being a scam but it is useful? Yes, only as an intermediary to cover the doll-cost average when the market is at its extremes. You sell BTC for USDT at a high and hold that USDT for the time being, then use that USDT to buy BTC at the low.

For gambling? No. I you would follow my above advice, you got that USDT for selling BTC and you are not holding it (viz, the scam speculation). Hence your objective is to multiply your BTC by trading USDT and not gambling.

But of course it is your money and you can use USDT to gamble, if you find a casino allowing that. But I hope you know that gambling would not mean a doubling of money but trading does have that chance.

I still think those who call that are actually bullish and hoping that someone reads that topic and sells their BTC so the topic creator can buy that dropped bitcoin. Classic manipulation seen in a unregulated market, but it helps accumulate bitcoin for the ones who want to accumulate it.

There is a lack of knowledge and added government's raised eyebrows putting a negative thought on crypto in many countries. But just like conspiracy theories are very difficult to clear out, similarly these contexts are also difficult to make people aware of unless they want to get involved themselves.

Altcoins and PoS stuff have been on the craze, but where did they come from? They came from the shadow of bitcoin's huge price.

I think we can both agree on the fact that 1BTC in our country's currency price, is a huge amount. One can argue that one does not need 1BTC to start off, they can start with fractional amount, but that does not reach out to the public who can see altcoins as a sort of "rescue" coin to buy when they cant afford BTC.

Good thing is that the topic has been removed. Not sure about the account though, BPIP takes a few days to parse again so cant know if the account has been nuked already, but I am hoping so - https://bpip.org/Profile?id=3348592

These sites are a hit and run type scam run by these pesky lowlifes who can live on other people's hard earned money. But it is good to see that members here were pretty quick to call it out on the thread itself before it was removed.

In short, if someone is reading this, know that such returns are astronomical and nobody can guarantee such a return. You will lose your money if you send it to them.

The point is to make a calcuated guess about how the market is going to move in the next few hours/days/months.

Remind yourself that TA started with stock markets, and therefore more applicable on a market that is regulated and crypto is just the opposite. Here manipulated prices are often common and newbies make mistakes more with that.

Day traders will find TA much more useful but less practical to use than FA. But I dont do that and I cant say anything more on how day traders make a living off using TA, likely they dont. End of the day you need some metric to rely your trades on and there TA comes in view.

Now predictions are always 50-50 and so even wikipedia lists TA as a pseudo-science. But you can still use it for telling others how the market will perform.

Cloud mining is a scam. Period.

If you are looking to mine, buy yourself a plot and a place to store ASICs, get a power supply in and buy those ASICs and churn out as much XMR or any shitcoin that you want. But please dont fall for the scam known as "cloud mining". They dont do any mining at all, they just feed the money from the new investors to pay the old investors and keep on doing this ponzi until one day it fails.

So if you get in early you might make some profit but it is a very risky thing to do and that the money came from the pocket of another innocent hard working person who will likely not get back any money. So by taking part in such ponzis you are essentially become a part of the scammers cycle.

Genesis mining is thought to be the only legit one, but I have my doubts. I would not suggest cloud mining to any close friend. Neither physical mining because that costs a lot of money to get started and once crackdown happens from governments like it happened in China, you will be doomed.

Coming from the stock market it is a lot different here because the basis is often weak for crypto keeping aside bitcoin. I can understand the OP's situation currently, but fear not the level speculation and insanity is way more in crypto than stocks.

Now talking about specific altcoins like ORA you said, my simple advice is that in the long term altcoins will not perform well. They are always good for the quick cash draw and then never thought of again, much difference with penny stocks where you keep on cycling them. Altcoins are always secondary to bitcoin, if bitcoin rises then altcoins will rise and that would be the time to sell them but none of this can be predicted. Hence you get the idea, altcoins are more of short term thing.

Bitcoin is the crypto that you can hold for long term if you can manage to buy at some low price. My suggestion is to wait for the market to crash again and buy bitcoin. You may have belief in a specific altcoin but I have watching the market for a few years now and I have seen that 99% of altcoins end up nowhere with either project developers abandoning the project or undergoing internal troubles and so on. Because the basic funding from VCs is very much lacking here and majority of projects dont have a inherent market making capability.

Dentacoin was an old name I have heard in this forum a few years back when the ICO craze was going on. It still exists and although the price is not showing any good movements, it is somewhat legit. Not that I approve of it, but its real - https://coinmarketcap.com/currencies/dentacoin/

On the other hand this Real/Hire token is defenitely a scam since they copied a whitepaper of a known and old project.

Domain information:

It is registered in India under GoDaddy. Suggesting viewers to report the same to abuse@godaddy.com to allow a quick takedown on the site, if possible.

In the meantime someone might fall for the trap and hence I am opening a flag on the accused here - https://bitcointalk.org/index.php?action=trust;flag=2774

Yes you can lose all you money hence you should not invest anything at all. That brings me to another question - What are you doing here anyway?

You have to take some risks in order to reap rewards. If you are one of those people who thinks that people who come from a lower strata background are unable to run a business then you will suffer in this sector. Current valuation of Binance is very high and chances of it getting hacked are the biggest because hackers target biggest sources most of the time. But the company is not sitting on it, obviously they have a team keeping hackers at bay.

Your connection with an exchange is only for buying and selling your coins there. The exchange is reliable. Unless you are into buying BNB tokens and then the background research makes sense. In which case I will not comment because I am not a fan of exchange tokens but they seem to have performed well in terms of price.

Theoritically day trading specially on volatile altcoins ends up giving a way more return. But that would mean a complete breakdown of your mental, physical and social health. You would have to set up bots to monitor prices 24x7x365 and then execute trades based on indicators. It becomes way more stressful than day trading on stock market where you have fixed hours.

If you want to have a stable anxiety level in the market and not go crazy over price - go with the long term hodl. For example, back in 2015 bitcoin was priced at 600-700$ and today after 6years it is priced at ~35k $. So you can see the reason why Bitcoin users have advocated a long term holding strategy as a safe method.

About where taxation is a point of difference, I would not give it much weight. Eventually when crypto gets regulated (fingers crossed), you will have to pay taxes, that should not be a reason for changing trading strategy.

Check the "Services" section of the forum. You have the best chances of getting to know new openings on the Signature campaigns there and there is also a thread that keeps track of new openings Here:

Overview of Bitcointalk Signature-Ad Campaigns

But please dont go for the bounties section in Altcoins. That area is filled with projects that are not even worth calling the same. Majority of them will be failures and end up being a spamfest. Honetly I dont have anything to share from that, but Bitcoin paying signature campaigns are what my suggestion is.

I see you have received enough merit, so keep that up and you should do fine.

In fact many banks and financial institutions have been developing their homegrown blockchains to aid in their services - something that most people here are not even aware of. The craze of blockchain development began in 2016 and has been going on with government approval for years now. Governments dont see the tech as a bad thing, but they see Bitcoin as something outlawed.

So in this context a background in blockchain development has good job opportunities as well. We should see gradual improvement in services too. Remember that the job of the banks is to aid in the services that common people need. Probably in future banks will allow crypto to be transacted with regulations too.

Dont forget that the start of this temporary stimulus and devaluation of gold began with the pandemic. Now we are seeing a decline in cases and we can assume that the economics will become better and back to the good old inflation days. Hence whatever happens, saving up bitcoin is a good idea. But that would not mean not keeping any fiat at hand, of course that is needed for emergency purposes or if you live in a country where bitcoin is still a grey area.

The increasing pressure on governments about crypto, I am hoping for some positive news in the next decade regarding the government's stance on crypto. Pressure can lead to break or make though, we need to keep that in mind. So be bullish and buy like other have said, but I cant really advice a price as high as 30k, because I have seen price in three digits when I started and tend to see that as bearish more often.

Real reason of downtrend or uptrend cannot be obtained. But guesses are made as to the most probably cause. There have been a few negative news about crypto concerning some countries and therefore I guess the price has dumped. Whether some crazy millionaire sold off some coins, nobody can know for sure. Because you are playing something that is pseudo-anonymous and you dont want regulation, so why ask?

But understand that this is a part of the bull/bear cycle and the uptrend will soon come in before you know it, because inorganic causes of price rise happened for the last few months when a certain millionaire started tweeting about crypto and the price rose without consolidating support levels.

I view this as an opportunity to get in/buy, because the downward slope is possible but upward is also possible and when the uptrend starts you will have more than one points to sell from.

A trading signal group is a scam, no reason to analyze their picks again, they are just made to pump and dump the shitcoin for the gains of the owner of the group and not the members of the group. Hence people dont give any importance to them anymore once they get seasoned enough. Those who are coming from a background of stock market trading also know this and therefore will avoid such groups.

The ones who get trapped are the newbies who entered crypto with zero knowledge about speculative trading and how it is done. But they will learn their lesson the hard way and not look back again.