Forex and cryptocurrency are different markets with different dynamics and volatility levels, so I don't think one could use the same strategy for both markets.

I don't know if you are asking about normal affiliates if that's what you're asking, every exchange platform has its affiliate program where you get a certain percentage of what your referred users invest or trade on the platform.

About holding Bitcoin, if you are planning to buy and hold a reasonable amount, you should go for a hardware wallet, but if you are just willing to try it and hold a small amount for now, you can use an open-source, non-custodial wallet like Electrum for that.

Volatility cannot be same in forex and cryptocurrency markets because forex consists of national currencies which don't tend to be too volatile most of the time, whereas cryptocurrencies are highly volatile assets as we all know.

If we talk about unpredictability, you are right that no one can know where exactly the market will go next and all that we do are predictions and speculations based on historical charts and market patterns. However, since we all know now that Bitcoin moves in a cyclical pattern, and with all its movements and phases we have seen in the past, we now have an idea of when it is time for a bear market and when it is for the bull market.

The cycle and the bull and bear markets can get extended sometimes based on market conditions and events within or outside the industry that might affect the sentiments of investors and then the prices in the market, but generally, someone who knows about history can know when it's time for bull or bear market.

It is just the way the market works, bitcoin is the king and because of this when the price of bitcoin goes up, unless there is a scam or failed project, everything else goes up and should be the most important part. I know that it is going to be fun and I know that it is going to be entertaining and all to watch them all go up, but we should be careful as well. In this regard, bitcoin and ethereum are great because you end up with something that will benefit everyone.

We should probably consider the fact that ethereum is the king of altcoins, and bitcoin is the king of crypto. When you think like that, you realize that investing heavily into these two could mean a great return for anyone and the risk would be very small as well.

Good suggestion, but since this thread is in the Altcoin section, I suppose OP was asking about altcoins only and Bitcoin shouldn't be among the coins or tokens suggested, in my opinion.

It still outperformed a lot of altcoins in the recent pump that Bitcoin had when hitting $52k, it had a better growth percentage than most of the older altcoins which was great considering it and its backing project, Binance, had been through a lot of regulatory pressure lately and they still aren't completely out of it. So I think it might outperform most of the altcoins during the bull run if things stay how they are and there aren't any additions to the problems they have been facing.

There is definitely an interesting growing for bitcoin that much is true, but that also doesn't mean that we are not going to get anything substantial neither. We need to make sure that we are not too late, but also not attacking it like it is the last day neither. Don't like go out and get some loan from a bank to buy bitcoin, that may not be good for you, with interest and how you need to pay every month, and that would make all of this terrible for you.

It would be smarter to invest into something with your own money, that would make it a lot easier to be able to hold it, if you need to end up selling then you will have trouble. I agree that the hype is real and we are looking at something growing, but we need to be careful.

Basically whoever bought it at 68k as well. The idea is true that price of bitcoin will go up, and people will keep on buying it, not everyone will buy a full bitcoin, and not everyone will be able to buy more than a few thousand satoshi at most, but the purchases will keep on going.

Considering the higher we go the less liquidity we have, we could say that most will hold it anyway, there is no reason to sell it so the buyers will be trying to get some of the few that is still standing. I can see how it could become a very scarce asset and the price will be impacted because of it. Maybe it will be 500k and maybe it looks a lot now, but when the day comes, you will see that it is going to be great eventually and could be done same.

That's right, it's a personal choice and preference and different people would have different mindsets about this. If I talk about myself, I also check new platforms sometimes for the bonuses and stuff they offer, there is nothing wrong with that. You can make the minimum deposit, claim the bonus, and try your luck and once you lose everything, don't do anything. It's not like you need to complete KYC verification on every single platform.

One should have one primary platform where they will gamble the most or usually, and they should verify their account with them, and then they can try every other platform if they want to, if they are asked for KYC verification, they should skip the platform but make sure you check this before making the deposit.

No, I believe there must be some strict policy against this and even if there isn't, who in the world would sell their KYCed account? I mean after submitting their original and legit documents, who will risk by exposing their original identity.

They must have a policy against it. I'm pretty sure that the accounts that are found changing hands are banned immediately with no unbanning at all. They might even report it to authorities.

I would never buy an account even if it has a high VIP level. I wonder what the buyers would do if the casino asked for extra verification at some point. I read on many topic here about such additional verification process when gamblers win some decent amount and/or their IP country changes.

No, I would rather keep it or get it deactivated by contacting casino customer support.

It isn't legitimate and you can get in trouble for trying to do something like that. If it was okay for people to give their accounts to others, I guess the original purpose of KYC would become complete void. If account trading become casual then I guess some other procedures will be added by casino in addition to current KYC process for preventing KYCed account trading.

Online definitely feels like it would be smarter to just focus on something like that. I get that people may prefer online because of the comfort and that should be the most important part. I hope that we could see the situation of real casinos change but since it is not available in most places, that is the difference. Think about changing city, or even country just so you could gamble a bit whereas we are talking about just laying on your coach in front of the tv and gambling, the difference is huge.

This is why we should be considering the situation a lot more important. Just focus on what you can do with whatever you like and that should be more than enough for you on the long run, just do what you enjoy and don't care about the rest.

I honestly do not think this is true for every nation. Like in my nation, I can't even officially tell any banks that I own bitcoin, but I can just send my money from my bank account to my exchange account, to buy more bitcoin. When my fiat moves from their account to crypto exchange, they will know that I am doing something with crypto.

However, one thing that the yare also aware is that all those local exchanges that allow you to have crypto, also has fiat accounts in banks as well, how are they going to handle it otherwise? This is why I believe that the best thing to do there is letting Banks be happy that they have one common customer instead of many, because instead of 100 people having money with them, it's one exchange that they have to deal with.

There are SO MANY people in the world who are not buying right now, and it could very well be a reason for most of them not making any money at the current moment as well. They are not really getting ready for anything like that at all, it has to be something that will benefit them one way or another, and should be the most important part. I agree that we can't really make it change all that much, it should be as common and normal as it gets and we could probably just focus on what to do on the long run.

People who haven't bought all the way here, will say that they are too late and not buy again, and they will lose out even more, or they will get in even later and lose out even more. It's really a shocking thing that people don't buy when it's low.

It's not only the influencers, people often join social media groups for traders and a lot of traders post their profit screenshots there to show off how much money and profit they are making from trading but those watching those screenshots don't understand that the same people are also incurring losses but they would never show their losses as well, and it is not as easy as they are showing and when one gets into it without much knowledge, it becomes even more difficult.

However, newbies start daydreaming after they see such things on social media platforms and they jump into the market without gaining any knowledge or trying to understand how things exactly work, all they do is watch a few tutorials about how one can trade and start taking positions only to find out soon that they have lost all their money.

The "possibility" of making 10x a month with it is so small and tiny that we need to also see that. When you say "we can make 10x in a month with meme" then people start to think that it's normal and very possible. But the reality is that we are going to have a very small chance for that to happen, and that is why we should not really consider that as a possibility all that often.

The best thing to do in this case would be just saying the truth, which is the fact that losing 590 with them in a month is more likely. So, would you like to invest into something that has a higher chance of losing you 90% money than making you x10? I rather not, it is not even about timing, meme projects are inclined to fall and I rather stay away from them.

Yeah true, it doesn't matter who you are, you could be someone who is making your first trade, you could be a 20 year veteran of the field nearing your retirement as well, it doesn't matter because you are going to end up losing eventually if you are not careful about it. I believe that the best thing to do in this case is to keep it going as much as we can, so that people could make some money from it, that's just the way you could go on to do as best as you possibly could.

This isn't going to be easy of course, there will be a lot of trouble but you are going to just have different results. A newbie may make some money by luck,  but long term they will lose if they don't get better, whereas a veteran may lose because unlucky move, but overall will be in profit year to year.

I wonder why people don't understand that the market would feel dead if there is no volatility at all. All these ups and downs are the reason why the market is alive and what's the fun if all the assets become stable? Because, if one thinks that they should just keep going up, that isn't possible, what goes up has to come down as they say, and opportunities are only created when the market goes down which is when you can make the purchases and then get ready for a pump.

It won't be fun if the market or any cryptocurrency becomes completely stable, we have seen this happening in about 5 to 6 months last year and the whole market got bored of it and everyone was expecting at least some movement whether up or down.

That chart shows that after October, February has been the most bullish month throughout the history of Bitcoin, however, this time around, it was indeed surprising because most of us were expecting a slower recovery process until the halving event and a few months after it because as we have seen in the past, the bull run usually starts after a few months after the halving event and the halving event is supposed to occur in April.

Talking about the accumulation process, I think those who didn't buy when the price was around $30k had missed a great opportunity of this cycle because the price will barely go there again now when it has already crossed $50k, even if it gets a healthy correction, it won't go below $40k at its worst.

DCA is effective for those who don't want to miss any dips and corrections when making long-term investments because if you buy Bitcoin using all your capital at a single price point, you won't be able to buy more if the price goes down from that point, but if you use the DCA method, you will be able to buy some at every single price point when the price is going down and have a better buying average overall even if you didn't start buying from the bottom.

One can never perfectly time the market because we all know how uncertain and unpredictable the cryptocurrency market is, so it's better that we make use of the opportunities that we get instead of waiting for better opportunities because we can always DCA our way down if the market goes down again from where we buy.

What makes you say that? As far as I understand, people are often afraid of getting engaged with Bitcoin or cryptocurrencies because of legal consequences if their countries have banned the usage of cryptocurrencies. So, if those countries lift those bans and announce that people are free to buy and hold and use Bitcoin and all other cryptocurrencies, I'm pretty sure that the adoption will increase and that means an increase in demand hence a price increase.

So, a price increase isn't just dependent on an investment that a company might make but if there is an increase in demand among the general public, and if they adopt Bitcoin and cryptocurrencies, that will also make the prices of cryptocurrencies go up significantly over time.

I don't know how many more years it will take them to complete their developments and finally launch their token in the exchanges because it has already been about 4 years since they have been asking their users if they will soon reach the mainnet phase and then there will be listing and stuff but all just promises and no actions at all.

I wonder if people still believe in those promises and I also wonder why people think that the token will be worth a lot because there are millions of people holding tokens which means that the supply will be huge and when a coin or a token has a huge supply, it can barely have a high value.

So, it's better if people have realistic expectations. And about the news of it getting listed in an exchange, none of that is true and the whole community of their project is yet to see any progress about the listing.

Especially during the period when the bull run is near, one needs to take extra precautions when investing in newly launched projects and cryptocurrencies, the reason for that is that most projects and cryptocurrencies would be useless crap that is created by some unknown developer just to earn some money through the investments the project might get if it gets some attention since the bull run is near and there are a lot of compulsive and careless investors in the market during these times.

So, it's important for an investor to make sure that the project they are investing in is actually a good project and isn't one of the projects that are created for temporary gains since the bull run is just around the corner.