20% is still higher if put in crypto. I would go with a safe 10% for it. Definitely only thing that needs focus is bitcoin and not any altcoin.

The point is, OP might not have enough fiat at hand to make a significant purchase of bitcoin at this price. By significant I would say at least 0.1 BTC on their first purchase. That itself is a huge amount in today's market.

Now here is the point where a newbie trader will make a mistake. They will look for other methods to spend their money, namely altcoins. Currently they are going up and seem all goody-goody but I have been watching the market long enough and I know that buying them is a wrong move. Firstly this is the time to sell altcoins. Secondly altcoins have got no long term holding value and hence buying them is a waste of that money.

Missing out bitcoin's bear run does not mean you need to get FOMOed. That is another mistake.

True, but the market here is unregulated and like a Wild West. Hence considered more risky than the fiat markets.

99% of altcoin projects are that.

PnD is always going to be disadvantageous to hodlers and advantageous to the people doing it. If you are holding some coin which is prone to getting pumped and dumped, sell at the next pump and forget about that coin forever. Bitcoin rarely sees pump and dump that makes its price inflate or deflate too much hence there is no problem of holding it for long term.

It is one of the bad effects of having an unregulated market, you have nothing to do here but accept it and try to use it to your advantage.

100k is out of the realistic spectrum for now. Current price saw a downtrend from 34k to 30k - thats is a heavy resistance and selling pressure. The more realistic target would be the 35k USD provided the current floor pricing holds at 30k.

Making unrealistic claims to bitcoin price and holding till that is reached is being stubborn. 100k will take a long time to achieve and hold even with this bullrun - because when the bear run starts we dont know how low it will go and trust me, bear run will happen with time.

Hence you must sell at a 10% or so gains range. Then buy back at bear markets. This is not a hit and run game but a continuous grind.

The scammers are taking advantage of the upward rise in price on bitcoin and altcoins. Seeing this old method after some time now.

However I would like to know where the OP came across the link in the first place. Most advanced and cautious users who know about these methods of loss will have already bookmarked the correct URLs on different browsers and only use those to visit the site.

Possible that the site domain is getting SEO and being spread on emails, social media - the usual modes of spreading scams.

BTC went down from 2017 to 2018. It was not a good year for BTC, if you are being specific about this time period. What to do during a bear run if you ask me, in general - I tell people to put aside the negativity and use their available liquid cash to buy bitcoin if feasible.

While 2017 was a bull run for bitcoin, at that time you sell bitcoin and hold the fiat so that you could buy during the bear run.

See this cycle was nicely happening in that 2017-2018 but many people bought at the then ATH of 19k USD and got busted in 2018 bear run. What we should learn is not to repeat such a mistake, because it costed investors a lot.

That is the shittiest excuse I have ever heard in this forum from the DeFi scammers like you. Nice addition to the list.

This was not mentioned anywhere on the website or the whitepaper. Just because whitepapers and projects are out there does not mean you can just copy their topics and content and make up your own project which is nothing but vaporware.

The concept of "Open source" allows you to copy code, not content. Dont over-extrapolate things in your favor. It is plagiarism if done without consent from the previous project owners.

Massive allocation in this market pretty much begs the tag of scam project. Most projects which were even close to being successful did a reasonable allocation to bounties and kept small portions to advisors and team so that neither of these groups can coordinate a pump and dump and make the market price drop by huge amounts when listed.

You can be careful but you will still fail because 99% of projects are failures from the start. What these owners do is that they test the waters by going for a funding in this non-regulated market. If it goes well, then they gambled a win but even if they lose, it dont matter to them, they got money and sold you their shit which is worth nothing.

Topic linked was in December so I assumed that it was in 2020. Wanting to be paid in BTC since 2019 - but did that come to reality in 2020 along with all the bitcoin pumping tweeting?

In any case I would classify this as a publicity stunt for gaining attention and so on, just like all those celebs back in 2017 during the ICO hype that pumped bitcoin.

If that is true though, then it is indeed sad that players are being made to accept things that they dont know about because their managers are the ones who actually run the PR. Sad truth of the sports industry in modern days.

Money value once objectified loses its importance over time. Same with pizza, cars and so on. That "rich life" motto might seem like a dream but the point is the intelligent trader does not waste time on that. You can very well buy a Lambo or a Tesla and hope for a big status symbol in your city. But truth is, most countries in the third tier dont have roads accommodating driving a sports car or a Tesla.

Eventually when the street dog pisses on your super rich car's side, you will get infuriated like anything but wont be able to do anything about it - sad truth of the world.

Is it not better to spend that money somewhere else and buy an medium class car that wont burn your entire wallet but still give your decent wheels to ride on?

No need to use it regularly if your local shopkeepers dont accept it - plain and simple.

They are held by fund managers for companies, whose job is to show green across the board when the investors demand it. Hence even if a big company holds bitcoin, they are contributing more to the "weak hands" group of people who sell right when a bear market starts and dont buy till it gets over. Hence more chances that they will end up bleeding the price out when support is actually needed.

Not saying that institutional money is bad, some have hedge fund managers who actually do their job instead of inflating stock prices of their companies but even then for them it is just another asset class that have entered their client's portfolio.

All time high is used for that price which was the highest among all Highs compared together. You can say New ATH more often and I appreciate the bullishness in your comment, however it would not make sense.

You can make a new abbreviation and make it popular. But I dont see any of the market volume aggregators use the term because to the ATH is the highest one ever, not separate prices. That only complicates matters. We are here to make things simple for future generations.

Keep up the bullishness and OP might get even more happy with more "New" ATH price tags.

To be honest, this is a PR stunt in order to use bitcoin and its glorious bull run to gain popularity and appeal to the bitcoin users on social media to follow them.

That has been the case with every other celebrity/sports personnel commenting about crypto and so on. Probably the guy himself knows nothing about what bitcoin is and how it works - I can bet on that. Social media comments are never done by the person whose name is on the account but social media managers (SMM). Just tell them to pump up the account with some bitcoin related stuff and pull up the media for such a stunt and you are good to go.

Skeptical but in many cases this is the proper case.

At one point you have to get yourself verified with your KYC in order to trade. Thats the way it is, denial is not an option here sadly.

Has it been dry like this for several months or during this bull run it has dried out?

A perfect exchange does not exist because you are thinking of an ideal one. You will get liquid markets on centralized exchanges and even most decentralized exchanges. Guessing you have not tried a centralized exchanges yet?

xyz domains are well known to promote scams, mostly done in the ICO era of cryptocurrencies (2016-2017). However a newbie will not know this vital piece of information that older users know.

Trying to open the site itself give a warning on browser.

Dont feel bad about that, its common for brain dead airdrop hunters and bounty spammers to mass join every airdrop on the internet and then sleep over it thinking they will get rich quick but not knowing that they promoted a scam.

A little bit of checking and pondering over the stuff will eventually reveal it is a scam, but these hunters will not do that because they want to get rich quick without doing any work in the background.

But thanks for posting this, hoping some newbie who has even a little bit of grey matter left will read this and understand that no matter bullshit they feed you to get your money, this project is a scam.

They often get trapped true, but a good and honest person will immediately withdraw all support from that project and move away from it as a gesture of correction of their wrong moves.

Now this does not happen with every hunter and something the fault is directly on them too. See majority of bounty hunters in this forum dont even keep track of what they are promoting for months. They come to the forum to sign up on a bounty and then keep spamming the social media with their tweets, likes and so on. If some research is dumped in the Scam Accusations, they never know about it because they never visit those sections of the forum.

This cannot be corrected by others but the hunters themselves.

Sad to hear that. I hope you learnt from this and took it as a lesson more than a point of regret. It is the basic idea to sell at the profit, no matter how good the project, you are in the market to make a profit. So sell at the rise and then you can buy back at a drop - point is you extracted some profit off the asset while cycling it.

Good exchange does not equal to a useful project. Many shitcoins are listed on top exchanges and many worthy coins are never listed on the best exchanges. It is a matter of your own perspective here. So dont use this as a yardstick of how profitable the project will be rather it is a measure of how liquid that coin might be.

I think we are mistaking interesting and investment worthy as the same thing. You might find a altcoin interesting but this is a vague term to use when talking about investing. The project might give out some points that piques your mind but these are methods to attract investors too.

There are several projects which have been vaporware as well. Again the idea of havig one coin only in the portfolio might seem boring - this is also predated by many exchanges and projects to pitch themselves. So be careful about those.

Quick research is easy for you to say who has been in the market for sometime and is old enough to know it's importance in this sector. But for those who are lookin for getting rich quick or even consider bitcoin as a method to make millions out of nothing, they are the prime targets of such groups.

Newbies here can get easily fooled in buying memberships for such sites. They never check nor do any background analysis is what they are putting money into. Often these are older generation people who haven't been into tech related stuff but want to venture into crypto.

Top altcoins are nothing compared to bitcoin. Bitcoin is what the OP should aim for. However at this price I don't think buying BTC should be correct because it's an ATH. Rather keep the focus on bitcoin for the price to drop and then buy it at lower prices.

This is the time people are going fomo. You don't want to be like that. Wasting time or money on altcoins is another wrong move.

A hundred dollar bill is better spent on buying a small amount of bitcoin at every drop for a new investor.

It is possible in a bull market to reach a dip. Who knows which idiots bought at 20k back in 2017 and has been holding for 3years only for this opportunity to sell. Though the numbers will drop with time as price keeps increasing someone will buy at this price tol because of FOMO.

New capital is coming in which means more support for short term. These groups don't like to keep a bad portfolio, if they see a dip they will also drop their bags like anything.
It's good but only if the price keeps going up. Which is often going to not be the case.

My previous target of 25k was crossed and so my next target is 30k USD.