Hopefully this is just temporary, we have seen January and February with 20%++ decline and yet we bounce back and then new ATH.
Price currently at $54k++.
I guess people afraid of that news. Maybe they do not want to be suspected of money laundering, but that is just my guessing and I hope that is not right. Yes, I agree that the price will bounce back to the higher price and back to the $64k level price, and that is why we need to have patience. Hopefully, the next week will be a good moment for bitcoin to go up, and if that can happen, the altcoin will be back increased. I hope people can stay calm for a while and not panic about it because it will end soon and everything will be okay. So enjoy this moment and if you see the chance to buy back or buy low and sell high, you should use that time.
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I do gamble but very rare nowadays since I already tired of the win & lose cycle. At the end of the day, I'm only get tired and stress whenever I lose even though I'm only risking small amount of money.
Well you are not addicted to gambling you can stop whenever you want to, something other gamblers are finding it hard to do, gambling is something that should not depress you it should be fun and exciting, small or big amount it should be something that will relax us, if it's not then it's time to stop or only do this if you want to. Yes, it is. When he is addicted to gambling, that will be hard to stop anytime. Besides that, he will only think to play gambling and use more money. Before you are late to realize, you need to take a break when you feel tired and do not stress with your loss because playing gambling will only give you result, win or lose. So it is better to enjoy the games and do not chase for the winning because that will be too hard.
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That is good. If you can do that, you can continue what you've done before because that can give you the profit. I am sure that is what other traders did and that is the best way for them to make a profit this year. The next thing we need to do is rinse and repeat and try to make as much profit as we can before the time is over because when that is over, we will not be able to make a profit again.
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I am a beginner in crypto and need advice. How Much Money Should I Invest in Cryptocurrencies if I have a sum of 5000$?
Thanks
You do not need to use all $5,000 to invest in crypto, especially if you are new and do not have proper knowledge or experience in crypto because that will be too risky for you. I suggest you use $1,000 (this is a big amount you can use to invest in crypto, but using a lower amount will be recommended while you need to learn more about crypto to add more money to buy the coin for your investment). Do not risk your money if that money will be used for your daily needs because you need to living and survive in this pandemic, and you need to prepare for something that you might get in the future. But we can only suggest you and the rest will be up to you.
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I guess I am 75%-80% in crypto and the rest in fiat money, save in my bank account. I never thought that I had been drag deeper into crypto ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But that makes me realize that using crypto can be my investment besides having gold, and having crypto is a new opportunity that not many people can see and realize. We are so grateful to have crypto because we have many chances to invest in any coins we want, and we only need to sell some amount to fills our daily needs and prepare some money for urgent situations.
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you have to take it as what it is: a game
if you consider it a game and play only occasionally to pass the time, it becomes difficult for it to become an addiction
on the other hand, if you think you can win easy money, click them according to addiction
at the game you never win as a profit, you always go at a loss
Yes, that is what we should do with the gambling games. That way can prevent us from the addiction and we can enjoy playing the game. If you try to spend more time than usual, you need to think about the risk that can become bigger and the fact is you will use more money. It is normal to win on this day and lose the next day as we do not know when our luck will come and we do not have to try hard on the gambling games. When someone wins there are only two choices to stop or continue betting, but what is worrying is that there is no control. That should be aware of, but if you are aware of it and can control yourself then today's win then choose to continue betting I think it will be fine, without having to stop to take a vacation or something. These kinds of things will usually be easy for experienced gamblers to notice, but those who are still not that easy to realize then obviously, they need someone close by so that the wins don't lead to losing streaks.
If they win, I guess they will play for more and not many of them decide to stop betting because many of them want to get more winning. That will be the sign to us of losing control and if we really do not know when to stop gambling, we will lose control for that day, and if you do that many times in the gambling games, your addiction will become bigger. No matter if that gambler has experience or not, he really needs to control his mind and leave the place before it is too late.
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All of the list you mention will have the opportunity to reclaim their previous ATH, and that happen this year as this year bring a new chance for them to rise back. But I am not sure about DASH and XMR because those coins seem to lack support from the fan, but if the coins can get the investors' trust back, those coins can reclaim their new ATH this year. LTC will be the next coins that can increase anytime and it increased higher before, although now, the price is down, followed by bitcoin moves. Maybe the coins will increase the price in USDT but have a new price in BTC, which will not easily since BTC price now increase so high, but I do not know.
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Even if bitcoin is a bubble and explode at a high price, bitcoin will survive in any situations. But bitcoin is not a Ponzi, and only people who can not profit from bitcoin will call bitcoin a Ponzi. If they know what bitcoin can give to them, they will not say bitcoin is a Ponzi. If you ask me how much money I am willing to use to buy bitcoin, I will be going to buy bitcoin no matter if that means I can only buy it for a small amount because I believe that bitcoin is really worth it for you and me. So that will depend on yourself, how much money you will use to buy bitcoin and how long you will buy bitcoin.
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See, this addiction is the worst addiction of everything. Gambling addiction is really really very costly when it comes to players like us who are from middle class because we think we can change our financial status overnight, but it simply doesn't happen, our greed which is there in every human being, will pull us to gamble again. There's no proven method to just eradicate the addiction completely, and hence, best is to relax your mind, take a break from your daily routine and go for a lovely trip or something, put your mind into good hobbies, read stories, watch some movies of your favorite genres. It will take time, a long time since it's an addiction of the highest venomous in nature.
Indeed. We know that we must prevent the addiction by not playing too often and always managing the money. We must have control for ourselves in playing gambling. If we lose that, we risk so many things, not just our lives, because people around us will affect us. Greediness will be one thing that we must control not to become bigger and possess us. When we can handle a good, we can play gambling without worry about anything. Besides that, we need to rest after we play for some time because that can give us time to reduce the tension.
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If they offer to double your money in a short time, you should be suspicious because how you can double your money without you doing something? That will be the biggest question for people who are curious about how it works and will not try to send some amount to them. You need to think that it is good to be true now, which will be ended by scamming you and getting your money quickly. To double your money, you need to work, no matter if that is related to crypto or not, because you will not earn anything if you do not do something. If you got an offer in telegram, just ignore it and do not try to chat with them as they will find a way to trick you.
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If the market gets a big drop because of a hack or other negative news, I think that is the biggest moment for the investor to buy bitcoin because that will be the time for the price to drops. If you are not panic because of that bad news, you can use it for your own benefits because that will be the discount time to buy any coins, especially for the potential coins such as bitcoin, ethereum, bnb and other coins. But if you follow the others becoming panic, you will not see the sign to buy the coin as you only think about how you can save your money instead to invest more. We have our own choice of what we should do related to the current situations, but I hope we can manage our emotion before we do something.
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While we stay at home and can not go out freely, I use computers or laptops to play gambling or browse something. But if I have to go out for a while or hanging with my friends, I use my mobile phone to gamble. That does not mean I always play gambling very often because I try to limit my time in gambling activity and I do not want to see myself have a gambling addiction.
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My vote is I do not know because I am sure nobody will know for sure. We can only wait and see what will happen to bitcoin, but even if the price is down deeper, it will be our best time to buy more bitcoin. I guess many people will be happy to see the price is down deeper because they can buy bitcoin at a low price that they can not do before. But if the price goes down deeper, we need to wait for a long time to see bitcoin price will start another rally. We should enjoy this moment instead of thinking about how deep the price will go down.
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Finally, the bitcoin price reaches new ATH at $64k and although the price now is down and make a correction for a while, the price can still go up higher and still trying to break the next high price. But we need to be careful because this can attract the price to go down too far to make us panic for more, especially for people who wait for the bounce comes. Analyzing more will be necessary to find the best time to enter the market or still stay for a while. If this correction is not staying for long, I think the price will be back to $64k and will break $65k this week, but if it's not, maybe we need to wait for the next week.
All things considered, BTC is climbing at this moment, yet there is a small push back. we are in the early stage, so it should go up. I'm concerned about the correction, however as long as Tesla and other big institutions are holding onto it and all other positive things will outweigh the negative. So lets see, still putting money in it by the way. Stay with the trends, don't be too greedy, and do your research. Do not forget, we still have the whales that still support bitcoin and still guard bitcoin. The other institutions and big companies only care about making money from their investment, but we can hope they will still support bitcoin too, like the whales. We need to be careful if we want to put money in bitcoin and always research before doing something as the correction will still happen. The important thing is we can hold ourselves from becoming greedy because that will make us late to take profit.
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You do not have to follow other people's suggestions before you research by yourself because they do not always know what you want and can give you a wrong answer. It is better to learn by yourself and practice what you got to improve your experience and skills so you do not just blindly follow them. The only right warning will be coming from yourself because you need to be careful in anything, especially if that is related to your money. But maybe you can share here what your problem is, so maybe we can help you solve your problem and get the way to fix it.
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Finally, the bitcoin price reaches new ATH at $64k and although the price now is down and make a correction for a while, the price can still go up higher and still trying to break the next high price. But we need to be careful because this can attract the price to go down too far to make us panic for more, especially for people who wait for the bounce comes. Analyzing more will be necessary to find the best time to enter the market or still stay for a while. If this correction is not staying for long, I think the price will be back to $64k and will break $65k this week, but if it's not, maybe we need to wait for the next week.
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When we can get the once in a lifetime opportunity, we must use it for our benefits. That will include if we can hit the jackpot and get huge win money. With that huge money, we can have a chance to use it for other investment or starting a new business while we can use it for our future. That chance will not come to many people, and if we are one of that people, we must make a plan how to use that money and not to use it for the thing that is not worth doing. I am sure with managing with well, and we can have a bright future. Indeed, the most important thing when getting lucky by getting a jackpot, we must be able to use the money as well as possible. Don't buy consumer goods that are mostly done by people who are lucky to get the jackpot. Therefore, we often find articles that tell jackpot winners to become poor suddenly, this is the result of not using the money earned from the jackpot to buy assets. My advice is that the money we get from the jackpot can be the chance of a lifetime to become rich, so make the best of it. If we can hit the jackpot and win huge money from the casino, we can use the money better than the other winners to prepare our future with that money. I am sure we have so many things that we want to buy with that money, but we need to remember that our life will be more important than just buying that stuff that we do not need. We do not want to become poor because of spending the money on the wrong thing, so we need to be careful to manage the money. Hitting the jackpot will be life-changing once in a lifetime, so we need to use it better.
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I do not know what app you are looking for because I only use blockfolio and tradertab. Or you can check CMC and coingecko using your browser. And since I do not use stock and only focus on crypto, those two apps fit me and help me trade. Maybe you can explain the app's details because it is not easy to guess the app name. Maybe you can tell how it looks like and where you see the app.
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You have to realize that some will buy bitcoin at a $100k price and even more, bitcoin is gaining mainstream adoption, and individuals, companies, and institutions are buying huge into Bitcoin.
I agree with this because if bitcoin finally reaches $100k this year or next year, while people believe that bitcoin will not stop increase, they will still buy bitcoin, no matter how much the price is. Even if they can not buy a lot of bitcoin, they can still buy bitcoin by a small amount and hold it, and they can buy it back again if the price is down. That is what happens if bitcoin is going to mainstream and the mass adoption comes, and that makes people want to buy bitcoin because they can see the benefit of bitcoin for them. So if the companies, institutions, or even people buy bitcoin in a huge amount, they do not want to late to use the time to buy bitcoin before the price does not yet increase so high.
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This year, we must take profit as much as we can before the bullish trend is gone and we will regret that we do not take profit. This year bring us a good time to sell our coins at a high price or equal to the last bull run a few years ago. So if you do not know how high you can sell your coin, just sell when the price breaks the last high price in the last bull run, and you will make a big profit. I am sure the bitcoin price can go to more than $65k but we do not know when that will happen. You can prepare your bitcoin to sell at the next ATH.
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