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If you're talking about charts in the concept of trading — then sure, charts don't lie — because they don't tell much in the first place.
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I don't hear anything about Luna because when Luna price usually above $97 then I invested more than 150 Luna but my official duty I visited foreign for 7days then I forgot to bring my personal computer. So. .... Now I am owner of 150 Luna with zero values.
That's what happens if you invest in a project that has a system that's broken since it's inception and that's inevitably going to implode anyway. To be honest though, I'd expect it to run a couple of months more. Sadly I missed that huge short potential. Sad. |
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I don't know much about analyzing crypto yet because I'm new. but I read in various sources that apart from technical analysis we also need other analyzes such as news and so on for additional information. because after all the news has a lot of impact on the market situation. because even Fibonnaci's technical analysis can be off the mark if suddenly there is big news about something affecting the market. correct me if wrong.
That's simply because there's no single indicator that's going to have 0% failure rate, most especially when talking about technical analysis. If you're bullish on an asset or an idea, then just invest and deploy your money wisely. You don't necessarily need to listen to these so called "eXpErTs" and you most definitely don't need to do some chart astrology. |
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please analyze by your self. maybe this news or image I found helps a bit. few days ago Elon shared a picture. https://i.imgur.com/ogliLu1.jpegactually there are still some pictures that show good news for btc. but i think this is also enough. to be taken into consideration. Is this a sign that it will be bullish or whatever, please take your respective conclusions. Correlation is not causation. Y'all really analyzing markets based on Elon Musk image tweets like what the heck. There are lots of far more productive things to do than this crap. |
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Kiyosaki expected the downfall to reach $17K. He also mentioned that once the BTC hits rock bottom, he will make the investment to support the coin and that will prove to be more profitable to individuals too.
Though Kiyosaki might be a good writer/author, he ain't an "expert" either. These so-called "experts" have been calling for 6 digit BTC prices for 2022 then suddenly they all reversed and scream bear. |
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No one can be an "expert" at predicting the future. But if you really want an answer from an "expert", probably try asking a fortune teller.  If I were to guess though, I'd say there's a 30% chance. |
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4. Always use DCA when buying any crypto (Dollar cost average) in a bearish market: This enable you to manage your lost if more bearish is seen.
Or just DCA in general regardless if we're in a bear market or a bull market. One of the main points of doing DCA is that you have no idea what the markets will do hence you're putting money in regardless of price and market sentiment. |
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Whao! If I wished you were an African, you would have understood more than even me. We are praying Africa to be like that one day. The imperialism and exploitation is very high in Africa.
A loophole you can take advantage of: manage your financials correctly and strictly, whereas you'd be buying bitcoin, but you would always have cash ready for unexpected situations like accidents and such. So you wouldn't be forced to sell BTC (hence get taxed). |
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How often do you transact in the real world with your bitcoin or digital money?
Bitcoin: not as much as I want to. Could only spend bitcoin on servers and domains. Digital money: If you mean like PayPal and such, then almost daily. Physical cash transactions getting slowly but surely less-frequent. |
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That is what he is saying as well. That money may have gone to USDT or USDC or BUSD, but at the end of the day when people think that the market is reversing, they could buy it. That's exactly what he said, otherwise why would they buy right now, if they do not think that it wouldn't go up.
So, you guys are saying the same thing, it may not be used to buy bitcoin as of right now like you said, but it could be used later on to buy bitcoin later on when it starts to go back up like he said. Simply put, money doesn't disappear in the market unless withdrawn to bank accounts, which may have happened a bit, but all the other ones are still in the market.
Sure, but you're saying this as if it's guaranteed for these people to buy bitcoin again sometime in the future and that a lot of them wouldn't withdraw to banks. A lot of them will buy in the future, but a lot of them would withdraw the stables to banks as well. Especially knowing that we're talking to mostly retail investors here. |
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Not much. If it just so happens that a certain platform you sent your funds to asks you about where the funds came from, just say you bought it P2P. Though this rarely happens as far as I know. As long as buying P2P is not illegal where you're from.
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Although this isn't my cup of tea, this might benefit certain people, especially those who would want to have a stake in the market yet wouldn't go through all the hassles and issues, legal or otherwise.
Not sure why so much people are against it, but this is precisely why we somewhat need a Bitcoin spot ETF. The technologically-illiterate boomers need some love too! |
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Marketcap = price * supply
Since we can assume that bitcoin was worth zero at inception (nobody was willing to pay for BTC since almost no one but a small number of cypherpunk peeps knew about it), then
Marketcap = $0 * whatever_the_supply_is_at_inception = $0
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If you cant resell the coins you're buying, then you're likely to be scraping the bottom of the barrel here — you're pretty much buying the shittiest of the shitcoins. If you were to speculate on altcoins(maybe for trading), then at least go with the more reputable ones lol.
If you want to short-mid term invest in altcoins, you're going to need to be smart and you need to think realistically. Don't get easily attracted by nonsense hypewords that ultimately mean nothing.
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Pretty much every Warren Buffett quote on the top of my head is pretty applicable.
“If you aren’t willing to own a stockbitcoin for 10 years, don’t even think about owning it for 10 minutes.”
“Our favorite holding period is forever.”
“Risk comes from not knowing what you are doing.”
“Never invest in a businessan asset you cannot understand.”
"Be fearful when others are greedy. Be greedy when others are fearful.”
The list goes on.
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This applies to 99% of people: just grab a Ledger[1] or Trezor[2] hardware wallet, write down your wallet backup, and your bitcoin should be more than safe enough.
[1] https://ledger.com/[2] https://trezor.io/ |
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There's nothing to educate about cryptocurrencies in such young age, referring mostly to 9-year olds. They should do their homework, meet their friends, play some video game, but 'til there. They can't think critically yet. Their brain isn't developed enough. And they don't have the appropriate social environment either.
Save in bitcoin and gift it to them once they grow up. Trigger them to find out what's about it.
What do you mean? 9 year olds won't be able to understand the anarchistic goal of the cypherpunk community to dethrone the secret banking cabal because of them having too much monetary influence over society?  Seriously though, yea. Proper saving is enough. No need to shove Bitcoin down kids throats lmao. |
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