Buy low and sell high will work all the time. It is an age old method and it always works. Point is that most traders fail to use it properly. They buy when everyone else is buying and sell when everyone else is selling, while they should be doing the opposite.

Although it is completely subjective, I feel that the point the OP is trying to make is day trading strategies and attempting to gamble on the day trades. Nothing something I prefer, but yes the buy low sell high might not be possible to perform here.

That is incorrect. The end result of a race is winning or losing. The end result of trading is neither. You gain a profit only if you sell high or withstand a loss only if you sell at low. But that does not mean that you lost the money. You simply converted one coin to another. You always a chance of exchanging it back.

Again incorrect. A professional trader does not learn new things everyday because that everyone can do - it is not a battle of knowledge but a battle of timing and nerves.

How exactly? Unless you are the owner of some pump and dump group of course.

At least keep your posts with correct spellings.

Also surely you might make a lot of money from this but have you know that possibly hundreds of ICOs ran a few years back with the exact same concept and are now either bankrupt or abandoned their projects? You might argue that these guys have something that the older ones did not have. I would be to differ that they are all the same vaporware being recycled with new names and new websites.

That sounds more like a gamble than an investment. While there is no harm in that, I would rather advice you do choose your entry point carefully and assume the money to be lost and not expect a return.

It started before the pandemic.

With collectible like stuff being traded as NFTs, personally never found any such thing as interesting. But then some celebs got into it as started riding the hype which coincided with the worldwide pandemic. I dont think the later has any connection with the former. People mostly created NFTs are the one who have already been doing this for a few years and this only brought in new buyers/sellers into the craze.

Point is that the crypto users need some hype to survive and make money. So they move from bitcoin>Altcoin>ICO>Stablecoin>DeFi>NFT and so on.

I laughed seeing the section that says "Payment we Accept" - and there are 5 big icons of bitcoin 

Zero effort from their side to make themselves look legitimate - their social media links at the top right hand corner are not even links. Previously I have seen scammers at least put in fake links there so that old aged people who usually fall for these would hover their pointer over it and at least see the link if not click on it.

They even talk about having a team 24x7 running but makes no effort to post about their names or work experience.

However what these sites run on is the referral commission that people make from them. That is why some people make a living promoting these scams to older tech-scared users.

But the chances of that are how much? 1 in every 500 coins might be seeing such changes and the number of bounties being posted everyday is more than 50 something

So would you rather dirty your hands doing through the haystack or keep it simple with bitcoin getting accumulated over time? Add to that bitcoin being easily converted to fiat if you need to while these bounty tokens will have to get listed and then exchanged. Also note that on exchange listing a major dump happens and coins get listed at 10% of ICO price only.

It is a frustrating rat-race and you would not want to be a part of it.

Report them, those are offtopic and need to trashed. But truely they cannot be stopped just like that, the smell of free money is too enticing for them.

I think the key point here is not be stubborn with any investment, that is to say allow your emotions to make your trades. If bitcoin does drop, one should keep the funds ready at hand to buy at the low because otherwise this becomes a missed opportunity.

If bitcoin would be going up, dont buy right now - because at that point both up and down can happen. Rather hold on to what you have bought at that
low and sell it when it goes up.

Meaning that buys should be done only on the lows and not when the market is going sideways and stagnant. It is not that difficult to understand but difficult indeed to apply when trading.

I think the reason is the deflationary supply system and that makes its price rise inherently with time. Therefore people are willing to get into it early and make some money while they still can buy a decent amount of bitcoin in whole numbers.

True, but market craze will be temporary and celebs saying good things are also temporary. The deflationary system is on the other hand permanent and so is the censorship-resistance.

Therefore there is a reason to be bullish for long term.

But this also depends on the investors own mentality and time period. If they are willing to hold for long and then sell, they help drive the price organically.

It has become speculative asset, so the cycle happens when people buy and sell. Since trading happens in terms of a fiat based currency hence we see the prices rise and fall. Otherwise 1BTC is always 1BTC, that amount never changes.

Event? bitcoin does not to do anything to rise in price. Rather the traders buying causes its price to rise. Of course any price is possible but feasible and the time period for such to happen cannot be predicted so easily.

I see where you are going to.

Lets say you want to buy bitcoin, someone out there has to sell their bitcoin. Now whenever prices rise there are people ready with sell orders at higher prices - those who are ready to exit. Hence a correction always happens. Rest is the organic/gradual/long term growth that happens with time by the hodlers. So "unaffordable" is a relative term. Someone out there might be willing to sell it at lower price too, but maybe not on exchanges.

First it has to be legally tendered. And it has happened in only one country and that too with a lot of bad rumors. Rest of the countries are not doing so. So why bother?

Depends on what you mean by "hand in hand" - as alternative type of investment, Yes. Ease of conversion? I dont think so.

But you have to understand that each mode of investment has its own pros and cons.

DeFi is not the future, that is where you are mistaking. Bitcoin is something that will exist in future with fiat but not DeFi. The hype around DeFi changed the very nature that DeFi started with. Having seen the days when a much less popular site today, Bitrefill arise from, that is the DeFi that people need. Not stablecoin pools and other passive earning methods.


1. Banning bitcoin mining and banning bitcoin are not the same.
2. It is next to impossible to ban bitcoin. For doing so means shutting down complete electricity and internet services - that is not possible for any democratic country do today.
3. Banning mining can happen and a government might choose to take steps to stop people from mining or to regulate mining in a different way that does not interfere with their monetary policy. That is a risk miners have to take.

So no bitcoin is not losing its purpose. If you are using bitcoin you are still serving its purpose. Depending on where you live, you may not be able to spend your bitcoin for paying costs. That does not remove its purpose. Regional differences only show that improvements in usage are needed in future.

Fristly, if the project is a "high quality" project, they will not come to a niche section of the world like cryptocurrency to be funded. They would rather go in the fiat market and into private funding from VCs and probably be followed up with a public offering. This basic conception is lacking in the minds of the newbie crypto users - that is why this question pops up.

You are no position to identify top projects by just looking at them. VCs can do that because they have been on both sides of the table and they probably have been doing this for ages already. Moreover, there are under the table deals with VCs and advisors in order to make sure that they secure their profits before the projects is made public.

Just remember that if a project is trying to replicate a model that has been very successful in the fiat markets and this one is trying to compete with that using a crypto funding, the project will and surely will fail. Because this competition is impossible to overcome and time has taught us investors that.

I believe that is difficult and therefore has not been done yet, but surely the government are working on it behind the scenes.

True that, once an exchange gets hacked, the money goes in limbo, the investors who had money there naturally have no choice but to move to a legal firm to settle disputes. I dont see this problem being addressed and therefore advice users to not store coins on exchanges after trade orders have been fulfilled.

In my eyes, that is a good thing. Reason is because of the anonymity that is provided by crypto, many people have been laundering money and using it as a tax evasion method. Now the government has use of the taxpayers money, whether you like it or not is not the point here. Third world countries for example have free government services and they are paid from taxpayers money. If there is lack in that, then a there will a lack in quality of government services.

Key point is that it should have legitimate users. Which in most cases is a tough thing to determine with accuracy. Majority of the social media channels will be filled with bounty hunter accounts and bot accounts so as to show the numbers but it is inorganic.

Though in reality if someone is willing to invest, they should check out every person - which is quite impossible.

Rather a sensible thing would be to question the advisors directly on linkedin about their involvement in the projects. Many times projects just put up their names without consent and on questioning comes very confused and bamboozled responses.

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Either way 99% of the coins are going to be failures, so why bother look at them when you can buy bitcoin?

Not sure why you are making similar threads asking similar questions in more than one section of the forum. One thread is sufficient.

Firstly learn the forum rules, like the one I highlighted above. Second get a bitcoin wallet, there are several available but go with a desktop/smartphone wallet and not a website based wallet. In future do get yourself a hardware wallet.

You should work on your posting and quality of posts and earn merits in order to rank up. You can get a decent monthly income from participating in signature campaigns but I am not sure if that will cover your costs. It can be a side earning if you are studying and/or already working somewhere.

But even then please read the forum rules. Breaking them will mean severe blows on your already new account.

Has not happened with Amazon yet. But I have been hearing this oddly crazed rumor for several years now. The most recent one was debunked by official sources just the day after. As for Tesla, they are creating more hype than is needed. But I doubt the market they are making has anything to do with crypto. Its more like they are trying to sell their own product and using crypto as a tagline.

Wow, slow down there mate. I would defenitely like that but it is far from reality.

Demand and supply. Not directly by popularity but indirectly.

A benchmark is not the appropriate term here. Bitcoin can be said to be an overall representation of the crypto market. In fact the only coin people should focus on is bitcoin after all it has the best track record till date.

Major reason of me using a stablecoin is as an intermediary to escape the volatility so as to multiply the bitcoins I have to the maximum while the price swings from high to low.

I mean if someone is already investing, they are looking for the prices to be volatile - otherwise there is stagnancy and that is bad for any speculative asset, a good example of which was shown in the Q1 of 2016. The bad effect of that was the emergence of margin trading and futures trading platforms which led to many uninformed newbies attempting to do these risky bets.

Stablecoins may have more uses, but I dont really see that. I could only end up using one which I prefer and that is available on the exchange I use and that too for temporary period only.

Moreover the article quoted by the OP, I would like to know who are these "crypto experts" - I have been watching similar topics being chucked away everyday and they all seem to promote things based on "anonymous" users. I seriously doubt their motives more so since they promote a stablecoin in the article which has not be posted by the OP here.

And then when the country you live in declares bitcoin as "outlawed" then what are you going to do? Leave the country?

Logically speaking to reduce the risks associated with speculative assets, one should not put their entire portfolio in one which seems to be safe. In that way in case the above scenario happens you still have other investments to look forward to. [1]

But then if the scenario happens in reality, free speech groups will start rallying - still depending on your country things might vary.

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[1] Note that by other investments I do not mean Altcoins. Rather fiat markets of your choice.

Judging from your username, India I presume? Well I know the situation here, bitcoin is still a grey area but the exchanges are working with the government to make sure the bitcoin awareness increases among the youth here, which is a good thing.

Snowball effect? I would never use that term in the context of bitcoin. Snowballing is preferred more towards MLM/HYIP scams and bitcoin was suspected as one several years back, though that argument has been countered several times.

Although it might seem to compete with fiat, but this is also wrong. The impact of bitcoin did not come in to effect in several years after after its inception. It is currently that we are watching some countries allow it.

This is also wrong. The concept of digitization of money and its services happened a long time back and they have been developing on that for a long period of time. But it never really made its appeal to the public because for them physical spending was better in many aspects. The point is that the pandemic forced people to use it more and therefore some banks had to start using some digital service providers more than others.

In fact the pandemic has forced people to stop over-consumption because of rising prices and lack of resources. On the other hand acceptance of bitcoin in countries where it has already been a grey area, did not change much. So the correlation you are talking about does not exist.

There are people ready to misguide others, I am afraid. If people think that everyone is their friend in a market which is so prone to manipulation and unregulated that even a simple false information is enough to make it crash some thousand marks, I am afraid this will continue.

However, you can look at this in a different perspective:

There are people who are making sure they profit from the chaos. They are ones who are creating more hype behind the veil and making sure to sell their "shitcoins" to the naive newbies. They are making a lot off the false sense of profit that the newbies get. Even if hundreds of us oldies come to explain to them that they are making a mistake, they will not budge. This happens with every new trader and they will learn the lesson but at a cost.

The altcoin market runs on hype and the context of the hype only changes every few months. Rest remains the same. Before ICOs we had vaporware projects mining then came ICOs followed the the STO/IEO and other Initial Offerings. None of these are security tokens and they will all fail one day. But if the ones buying them are none the wise, then nobody can help them.

Haste makes waste as quite correctly said.

But the haste comes from the realization that they are late to the game. I would advice such people to not get FOMOed, though better said than done. There is always a chance to buy when the prices come down because it is a constant cycle and no price is ever absolute in a speculative market.

Often a few months of stalking charts and patience pays off but many newbies who have never had a first hand experience in stocks, forex make this mistake.

In this context, newbies also make the mistake of settling for shitcoins just because they dont have enough to buy "1BTC" (which seems to be a norm) and go for tons of shitcoins. Essentially they wasted their money right then and there. But I dont think that this can be changed without the person being informed prior to investing. In fact these newbies are the ones on whom the shitcoin bagholders drop their shit and exit.

I hope you are only watching them for the knowledge on trading and not to choose specific coins talked about in the said videos. I say this, because majority of such YT videos are shilling projects run by users who get paid to promote their coins and sites. Do not fall for that. In a better way, learning the same things for a stock market related video will make sure you dont get manipulated into buying a shitcoin but still getting the same knowledge about trading. Something that is a suggestion from my side.

Never heard of such things. Can you rephrase yourself? Indiactors are available on many sites to view but they dont need to be "encrypted" - I have suspicion that you may have "paid" for these? If so, you are being scammed. But it can be said better if you state this more clearly.

Are you using the term "encryption" as a blotched translation of the word "cryptography"??

If so you are looking at the wrong place. This forum is about cryptocurrencies not cryptography.