Also, Elon Musk doesn't have so much power that he can create a bear market for a long term.
Yes he does have a huge influence but his influence over the crypto community is getting diminished and people are starting to realize his bogus tweets.
Hence the market will become more mature towards such shillers and act on their own analysis going forward.
Hmmm. I beg to disagree. Elon Musk is the top 2 richest man in the world. He can easily wreck or pump the crypto market at his own will just like what he was doing right now. A few Billion bucks from him can dictate the direction of the market that's why he is always confident on what he is shilling regardless on how garbage it was just like Doge. History has shown us the worst dumps and the current correction is not that big of a deal when compared to the previous ones. Even if Elon dumps his bitcoins and wreck the market the market will recover sooner or later. Nothing lasts forever. Bitcoin won't go to zero. It might takes months or years to recover but after that we will see another ATH. |
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i learned about
Japanese candles
classic analysis
EW theory
harmonic analysis
and about the Indications, i learned how to use
RSI
MACD
stoch rsi
and volume profile
should I add anything to this?
Yes you should add one of the most important things to this list and that is practice and experience. If you practice well you will get good experience and with that you will be well prepared for anything that comes in your way. You will become more aware of how the market behaves and thus you will be able to use the indicators well and strategize accordingly. Just learning about the indicators won't do you any good because eventually you will have to put it to practice and only that will give you the perfection. |
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The US dollar could run out soon - Gold can lose value - Elon Musk
The US dollar could run out soon - Gold can lose value - As because Elon Musk is trying to get investors out of the crypto market. If investors lose interest due to Elon Musk and Bitcoin long-run bearish position, the US dollar might completely lose its value and exchanges can create decentralized fiat currencies having greater value than USD. Bitcoin might be replaced by another currency too like BNB as due to hacking attempts, people would like to move on centralized exchange tokens because it cannot be hacked.
Now who said you that centralized exchange tokens cannot be hacked ? When centralized exchange can itself be hacked why not their tokens ? Besides, if an exchange is hacked the hacker can transfer all the coins in it's wallet as well. Also, Elon Musk doesn't have so much power that he can create a bear market for a long term. Yes he does have a huge influence but his influence over the crypto community is getting diminished and people are starting to realize his bogus tweets. Hence the market will become more mature towards such shillers and act on their own analysis going forward. |
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So I just saw this grid trading option on binance futures and thought to try it out. At first it looked like a nice strategy but then it was completely weird.
I created a grid with 8 grids and 4x leverage but as soon as the grid order was created it should have bought some initial coins but it didn't.
I saw some youtube video and they said that if the initial order is not placed then we should terminate the grid and adjust the upper boundary price to get the initial order executed.
This looks weird. Can somebody who has used it explain why this happens or is it a bug at binance's end ?
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Everything has it's own pros and cons and it's just our perspective and priority towards it.
Bitcoin price going down might be earth shattering news for some while the same is also a buying opportunity for the other.
For me it doesn't matter really. True bitcoiners will HODL it and care less about the current price.
I am not a "Never sell" kind of person but I do use my coins whenever I am in need it of it.
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So now that bitcoin is recovering well from it's drop we can expect a bull run again.
We all know how Elon pumped and then dumped the market through his influential tweets.
This what happens when people listen to others blindly and invest.
DYOR (Do Your Own Research) is the approach that everyone should follow.
Don't panic sell. There will be many such waves and many such influential people who might try to manipulate the market again.
HODL has always proved to be strong.
Why this thread ? - It's more like a wake up call to newbies and all those who blindly follow others.
P.S : I voted for 3rd option
So glad that you put the third option there, however I am surprised that no has selected the first option which is they had to learn the hard way, we know there were many people following everything he said and there were even bots that were developed to invest in the market based on his tweets, it seems to me some people are in denial about what happened and this is dangerous as it may happen again once another charismatic institutional investor comes and they follow him blindly once again. Well we do have one person now who learnt the hard way  . The fact is that there are still many people who still follow others blindly. But at the same time I happy that most of the people acknowledge the fact that influence can get you wrecked. At first place, I didn't listen to him anyway. I'm just sticking to my plans and will not listen to influencers like him. I've seen McAfee shilling some ICO's back in the past and I ignored. We saw Elon Shit doing some manipulative things by just tweeting optimistic posts about Bitcoin and many followed him  . I hope that those newbies who followed him and lost their money learned from this mistake that they've made. Blindly following others without having your own strategy is a deadly strategy  . Make your own strategy, hodl if you want too and DYOR like many others are saying. I've seen many comments in twitter begging to Elon to pump the market because its obvious that they lose their money. I can't feel sorry for them for what they've done because for me, it is a lesson for them. I am sure the old timers would definitely know what happens when such influential people shill about crypto. We have witnessed it before and the history repeats itself with a new personality this time. Things haven't changed much though. This is why sticking to our own research and strategy is the best way to survive in the crypto community. |
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Just because Elon pointed out a fatal flaw in BTC energy wasteful PoW design ,
(Which others have been pointing out since 2013.) How come such a knowledgeable person who can find a fatal flaw in bitcoin's energy consumption not care about electricity wastage and still design electric cars ? Kind of shows, he is going to win, don't you think. He will win by accumulating all the Dogecoins and pumping it's price but you will lose listening to him blindly. So yeah, however he bets, I will bet. Then you should vote for the second option. FYI:
You should edit out the my god, in your survey as that is consider blasphemous to people that have real faith.
Thanks for the suggestion. So now that bitcoin is recovering well from it's drop we can expect a bull run again.
Again? Did we enter the bear market momentarily or was it a deep correction during a bullrun? Uhh, I keep forgetting that. Thanks for the reminder. The bull run was never over |
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What makes Bitcoin valuable to me is because it's unique, better and safer Network/System. I don't think this is true. What makes bitcoin valuable to you is that other people think it's valuable. You wouldn't be paying $40,000 per coin if everyone else thought it was paying $10,000 just because it's "unique, better and safer Network/System." Your perception of what bitcoin is worth and whether it's overvalued or undervalued is inextricably linked to what other people think of it. If that wasn't the case, you would have never stopped buying when it was sub $1000. The problem was you didn't know what it was worth then, because nobody else did either. And nothing has changed there. Nobody still knows what it's worth because it's all just speculation, and the speculation is about what other people are going to think about it in the future that's going to determine its value. An inability to value it and just investing based on speculation are why it's a bad investment choice for me. That makes sense. I think most of the times people think bitcoin is too costly because one bitcoin is worth $40k or $60k whatever the price is. But they look at the fact that they can own 0.1 bitcoin for $4k or $6k respectively too. I have experienced this because of many of my friends joined the crypto community lately. Many started buying altcoins and thought bitcoin is overvalued and too expensive to buy. I made them understand that they still have the option to buy in decimals and own their bitcoins. Many people look at the quantity and the how potential the coin is. |
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So now that bitcoin is recovering well from it's drop we can expect a bull run again.
We all know how Elon pumped and then dumped the market through his influential tweets.
This what happens when people listen to others blindly and invest.
DYOR (Do Your Own Research) is the approach that everyone should follow.
Don't panic sell. There will be many such waves and many such influential people who might try to manipulate the market again.
HODL has always proved to be strong.
Why this thread ? - It's more like a wake up call to newbies and all those who blindly follow others.
P.S : I voted for 3rd option
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May be that is true and may be it isn't but the charts show that bitcoin is ready for pumping up again. According to my analysis if bitcoin breaks $38300 then it will soon cross $42k and might settle down somewhere above that price. Currently BTC is at $38k and I believe in next one or two days we might see some green gains in bitcoin. If it follows the 2013 pattern then may be this might be the beginning of the pump we all are waiting for. |
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I won a golden ticket today from the free spins. That's the highest value reward that I've won so far from the spins. I see that one golden ticket costs 25,000 sats.
That's pretty amazing. I have never won a golden ticket till date. You must be lucky to get it. Even though it's just one golden ticket, a good luck can make you win the lottery. I wish you all the luck and hope that you win in the lottery |
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I do remember changing my signature code in the previous week  I guess it wasn't updated correctly. I should have double checked the signature code I am wearing  |
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I would have had a mini heart attack if that would have happened to me. But yeah it's completely unacceptable for such a lame response from them.
You should keep trying until your money is refunded to your wallet whether it be the new version or the old one.
I think even binance should have mentioned it on their withdrawal page about the network change.
Both Binance and CEX are at fault on this one.
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Dictatorship has been around since ages and it won't stop any time soon. We must know what is good for us and only proper education can get us that knowledge.
Freedom should always be our choice but we should also know how to find loop holes in the system to use them for our benefits.
CBDC(Central Bank Digital Currency) can be a good because it will eventually promote cryptocurrencies.
Once the majority population adopts cryptocurrencies they will educate themselves about it and will know decentralized cryptocurrencies are their way to freedom.
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The Singaporean police have reported that cryptocurrency-related crimes have skyrocketed since 2018, and the uptrend does not seem to be slowing down. According to The Straits Times, around 393 reports were made last year amid the coronavirus crisis of cases involving crypto frauds, cheating, among others, which is more than three times the figures of 2019.
Additionally, the authorities pointed out that just 125 complaints were filed with the police, representing another surge from the 15 reported in 2018. Furthermore, between 2018 and 2020, criminals stole $29 million during these crypto-related crime cases. https://www.financemagnates.com/cryptocurrency/news/singapore-police-say-crypto-related-crimes-keep-rising-across-the-country/It's quite obvious because the fame of crypto has been increasing quite a lot lately. With the rise of crypto fame the number of scammers would increase as well. Scammers are finding new ways to scam people and things will only turn out to be worse as crypto is adopted more. More number of people will try to scam others and this is why it is better to develop the skill of research so that we know what we are doing. Most of the times it's the lack of knowledge that scammers use as a vulnerability to scam their victims. If people become more educated on crypto then the number of scams will decreased gradually. |
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I was just discussing on this topic with my friend today and we came to a conclusion that not only crypto market but every market including stocks, gold etc.. can be manipulated.
Reading this post now makes me feel worse about the fact that the coin we truly believe in (i.e. Bitcoin) can be manipulated just by a few people.
This feels horrible and there's nothing we can do about it. This has to end some day and I think the only way to stop this would be when the supply of bitcoin is more distributed.
The supply form these Elites should be distributed among all others.
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It has been said that Bitcoin is more volatile on weekends usually because there is low volume which can be easily manipulated by the whales.
Also it is observed that bitcoin usually dump on weekends and not pump.
When the volume is low, why don't whales interested in pumping the coins ?
There are two reasons why I think whales rather dump the market than pump it up 1. Whales are those accumulate huge amount of coins. Now since they already have the coins they have the only option to sell it. So they rather prefer to sell their coins and dump the market and create a panic in the market. Then they buy back cheaper and enjoy their profits when the prices recover. 2. Many people set their targets upwards than downwards. So if whales pump the price all the targets get achieved and people sell their bags on high prices. So whales are left with bags and nobody to buy their bags at high prices. May be I am wrong but this is what I think. |
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That's really a nice approach and I have myself been playing games sometimes to take some time off the crypto market.
The FUDs had kicked in all these previous days dragging the prices down. I didn't sell because I like to HODL.
But I have developed a habit of checking prices frequently which I am trying not to do anymore.
The best thing to do when such price dumps occur is to take some time off the market.
I have been playing Need for Speed Most Wanted on my laptop as a pass time and I am really liking it again.
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One can only make a living out of gambling if he is the owner of the gambling casino or work for a gambling casino.
Gambling by itself won't provide a stable income and we all know how great is the risk of going to zero and losing all your funds in it.
The people you mentioned might be just lucky and it doesn't really happen to all.
So making a living out of it is definitely not the right to say.
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If you have an influenza jab, does that help you prevent getting the flu? That I want to know, because if you are still able to get the flu, then sadly you will have the same effect - my opinion, with the current vaccines. Now, I heard (but this was presented by a big news network in our country) that one person with complete vaccine got the covid again after a few weeks after being vaccinated. So I don't know what that is really why it got to that point but I guess I would still like my mask on, even if I am vaccinated. Just to be safe. No vaccine can be 100% effective against virus. And influenza virus is especially problematic, because they mutate so fast. And that is the reason why flu jabs for a particular year may not work for the next year. Related viruses such as MERS, SARS and COVID also exhibits the same tendency. And regarding COVID, this phenomenon can be noticed even now. Many of the vaccines are not being effective against some of the mutant strains. Anyway, in the United States a lot of people believe that wearing of masks is against personal liberty. These guys now have a justification to not to wear them, if they get both shots of the vaccine. That must be like the most foolish thing ever. Getting a vaccine is good but not following the protocols after getting the vaccine is really bad and I say that not wearing masks should be considered a crime because by not wearing it you are putting others at risk of their death. So in a way it's similar to a murder. The best thing would be to get vaccinated and still use mask and sanitizers and washing hands frequently. Only then will this pandemic get over and life will get back to normal. But we have such foolish people around the globe who deny to obey because obeying rules which are good for themselves is against their liberty. |
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