I wonder if this gonna be that classic panic selling and after few months going back up again and then people regretting over not buying bitcoin again, it's like a cycle honestly and if people can get take advantage of this kind cycle they could be winning, but topic is kinda misleading though I know it's just sarcastic but the title could make people really afraid LOL.
It's a cycle indeed, those who are aiming to hold more will take this advantage. While those who are fearing of losing more money will difinitely sell out and go with the flow, it's just painful once the bounce take place much earlier and the next target is far higher than the last ath, there are many speculations listening to those opinions only confuse you and lead you to lose your money. I have a friend who took out a loan to buy some more just today, and he said that he was looking to sell his car to change it to something better recently, if he can actually end up selling his car he will put that in as well if the drop continues. You know why? We are under 50k right now, and that is fine we could even drop some more, those are not really huge changes, we dropped to price we were just a week or ten days ago that is nothing, but let's assume it is a crash, he said that he knows bitcoin will be over 50k again, and I know that too, if I had more money I would definitely go into bitcoin as well right now, because I know the price of bitcoin will be 100k+ at least, maybe it will be this year, maybe it will be in 5 years but it will reach there so there is no other investment that could make me profit like this anywhere in the world. |
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Everything is possible in crypto if sheer dedication and ability to keep patience is there. Though, I'd say that $500k is unrealistic for me actually, $50k is a highly possible scenario for $500 if you've got the guts to hold a token for a somewhat long time. Remember that 400 UNI (Uniswap) tokens airdrop? That airdrop alone is now worth >$13200 and for how much was it given? Just some $20 worth of trading done on Uniswap during a specified time!?  Most of these things truly just rely on luck in the end. You can't spend your whole life hunting for airdrops that may or may not be worth tens of thousands. That's how bounty hunters got tricked. They all heard the story of getting 10k for some Twitter bounty and spent the next 3 years trying every airdrop hoping to get lucky:) Unfortunately that type of thing happened a few times and because of that everyone now expects something like that to happen again and again, and specifically on the projects they spend time on as well which is why there are so many bounty hunters. I am not saying it won't happen, because like you said it is all based on luck, but since people do not realize what type of luck we are talking about and why it should be very rare, they just assume if they go into every airdrop they can find, eventually one of them will make them super rich. I wish things were that simple, I have dealt with airdrops for a very long time and I can tell you that most of them worth absolutely nothing, more commonly projects that does pre-sale do not even go back to pre-sale prices neither, they drop too, which means there are not that many coins that make people profit in the first month, only a very few of them does that. |
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This bull run , when started give me 500$ profit then 1200$ loss. now net profit 3000$. I hope you all make profits and share experiences
i got profit using bakeryswap
I can't say the exact numbers because I would like to keep that a secret for safety reasons (not like I have too much neither just a few thousand) I have to say the greatest return on my investment was bitcoin nevertheless. I know it sounds like people made a lot of money from alt coins that went up so much, but most of the time look at the bitcoin prices of those coins and how that changed and you will realize that for most of them if you kept your money in bitcoin you would still made that much money anyway. I have bitcoin, ethereum, bnb those were my three biggest investments and they all did amazingly, I had some small coins as well that did well but that was like 20-30 dollars turn into 80-100 dollars, quite good but very tiny amount. However that btc, eth, bnb returns were incredible, they made about 8x or so return for me together, and that really helped me out a lot. |
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You people can say whatever you want but the project is getting stronger because there is a huge incentives for developers to run Dapps on it, 30% of the transaction fees goes to developers, which blockchain offer this kind of incentives to their developers, recently SFI said their V2 is going to launch both on Ethereum and Binance Smart Chain this shows that people are watching how the space is unfolding
That's right, we really have to adopt changes and if one project didn't move that much, I mean slow to no progress at all, then its better to switch to another project. This is not just about the rankings honestly, its about the services that you offer to the public that makes you more valuable. ETH and BNB are both good in the past but we can't tell the future of these two because they both continue to grow, we'll see the effect of this soon. I think they are going to pass ETH for sure without a doubt, there is not a single doubt in my mind that BNB will one day be second ranked coin, not because the coin itself is strong or whatever, but because it has so many reasons to be used. That is why I think it is going to definitely be used more than any other coin for things, and when you are used that much obviously that means people are buying it, not like it is going to waste, some other people take it, but in the end we are talking about speed of buying being faster than speed of spending and that is why the price will keep on increasing as long as BNB is better than other coins for these things. There is only a small chance ETH could continue to be good, and that would be if ETH managed to make the gas fee's about 95% cheaper, and that is not an easy task to handle, that would be very difficult. |
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Bitcoin and cryptocurrencies have again become a fashionable topic on the news agenda, but still it will not be able to continue indefinitely and then there will be a decline in interest again. Elon Musk is very fond of flirting with fire, not only in the case of flamethrowers, and I'm afraid that he again has problems with regulators, similar to those that concerned Tesla shares. As for the new instruments, I did not mean absolutely new ones, unique to bitcoin, but quantitatively more instruments, similar to ETFs, futures, etc.
I do believe that bitcoin becomes a great topic to discuss every few years but I also believe that people who got in during these bull runs are a great thing for us since not all of them leaves neither, some of them stays, which means we continue our path with more and more people and that is why the next bull run takes us to even higher places. Forever 100 people that come here, at least 5 or 10 stays even after a huge bear crash that takes us 80%+ lower in price, they do not leave because they have seen what bitcoin can do and they are acting according to that. This is why I think it is quite important that we just focus on what we could handle, look at 2019 and you will see that there were more transactions per day in spring 2019 than 2017 peak times, even though price didn't move beyond, which shows that we need to figure out a way to make the transactions cheaper again, this is not enough, if we want future success we need to first handle that. |
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We cannot discard any possibility, however at the same time such a move would be risky don’t you think? The few institutional investors that we have seen have invested important sums of money in the market, if they actually tried to sell their coins now to get their short term profits there is a very strong possibility they will crash the market and who knows if they will realize their goal of making some short term profits, it seems a better and safer plan could be to remain invested in this market as it keeps growing and only sell once the market is even more robust than what it is today, that seems like a better strategy and it seems it is the one they are actually using.
I think it is not about actually selling for them, they do not have to sell their coins to show profit, these are the same companies that say "we are in 15 billion profit this quarter" while not selling any stocks neither, so I doubt they would need to sell their bitcoin position to say they are in profit. Moreover, if I buy bitcoin at 1 dollar, and it is 50 thousand dollars, as long as I do not spend it or cash it out, it is just there as 1 bitcoin and I can't really do anything about it, it is not going to change anything for me, in order for my life to change I have to sell that and get fiat instead (or spend bitcoins). These huge places do not need that, they could show profit on accounting stats and that is good enough for them, they are not after anything else, as long as they can tell shareholders they are richer, it is more than enough for them. |
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I'd say KuCoin got a decent credibility and I've been using it for quite some time - never had a serious problems so I'm all good, binance is okay too but its just as overhyped as uniswap so I shook it off. Exchanges are for trading only and solely for that reason so you just gotta choose where your preferences fits.
Kucoin is definitely one of the best ones out there. I am not the one to downplay Binance, because I use only binance and BSC right now, I do not use uniswap at all and I do not use Kucoin neither, but just because I do not use Kucoin doesn't mean that I do not know about them neither. I have a friend who works there and I can tell you that they are awesome at safety, I do not remember any time they were ever hacked neither, like even Binance which has insane amount of money did get hacked few times, so it is a marvelous achievement not to be hacked in crypto world, those places are under attack every single second, not a second goes by without them being attacked. Hence I think even though I do not use them, I agree that Kucoin is one of the best out there ever, I do think Binance is awesome too but I wouldn't be able to say anything to someone who prefers Kucoin. |
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If it's a question of "can", then yes you very well can trade without any experience or knowledge. Will you be trading successfully? Then that may be a different matter altogether. Trading blindly is very risky especially when you don't know any indicators or have no idea when is the best time to to enter or make that trade. Not to mention leveraging and margins can definitely make you lose your money. The very least you should know the basics. Some exchanges such as Etoro even have assessments to determine your risk profile.
However, someone who reads tons of books about trading and has attended tons of classes does not always mean he can be very good in trading. Experience is still the best teacher. Not everything can be taught on paper.
That is the funny thing about trading that makes me laugh a lot time to time. Obviously someone who studied trading a lot, like even after years of studying and doing it, still keep studying it, think about it like being a professor of a subject at a prestigious school, you still keep reading to learn more and do not stop, yet you teach anyway while still learning more and more. A very good trader first studies and learns, then starts trading but still keeps learning basically becomes better and better and better. We all know this person will trade much much better than a newbie, and 99% of the time a great trader will be making a profit while newbie loses money. However funny thing is, very rarely, there are times when a veteran and expert trader loses money on a trade that a newbie made a profit from, and that hilarious if you ask me and shows how trading depends on luck a lot of the times. |
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i have a question :
how to detect rise and explosion altcoins 1 or 2 day befor ?
is there a way ?
example : monitor rsi x or cci x ? or ?
There is absolutely no way to know what will go up and when it will go up, especially in a market like this. Right now all TA is gone out of the window, it should have gone down long time ago, even during 30k periods it looked like the price should have crashed and it failed to crash, because it went up a lot and right now we are nearly 2x of that level. So long story short nobody knows what is going to happen, not a few days ago, not a few weeks ago, not a few minutes ago, we have no idea. If we knew how to make those kinds of decisions, as in know when it will go up, I would have millions of dollars right now, I would not be here and talking to you, I would be sipping mojitos in bora bora on by third vacation of the year. Since we do not know when it will go up, we just make assumptions and hope that we are right, which sometimes we are right, and sometimes we are wrong. |
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i have done many jobs and hard earned 16000usd. If i invest on INJ , ETH, DOt or any other potential coin. What is the investment amount or ration that would you all recommended ?
1000$ or 3000$ or 100$ or any other amount?
I would definitely stay away for just right now. It is really not smart to get into things when they are this high, it doesn't make sense when you invest into crypto when it is so high, it would make sense if it they dropped and had a correction. Don't get me wrong I am not expecting any bear run anytime soon, it could potentially happen nobody knows when bull will end and bear will start but the reality is that even if a bear doesn't start a correction should happen. After that BNB is definitely the best coin to invest into, it had a huge increase very recently and that means during a correction that will be the one that drops the most (without having proper support line just yet) and when that happens and if you buy BNB under 200 dollars, you could wait until it goes over 500 bucks and make a huge return, I believe that will surely happen very soon. |
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If you think that money continues to flow only in bitcoins then that is wrong, then what's the point of having altcoins in this industry? Altcoins are an alternative investment besides bitcoin, altcoins are easy for anyone to reach, altcoins are a complement to bitcoin, altcoins can sometimes be profitable and vice versa. the fact is that when bitcoin goes up it can affect the prices of other top altcoins too.
maybe,You can see the current market situation that the altcoin pump is always on.
share a little story, in April 2020 I planned to buy BTC for $ 7000, and with limited capital I finally chose another option and invested in ETH for $ 170.So my main capital was $ 1000 and I only used $ 850 and got 5 ETH . and who would have thought in 2021 I get thousands of dollars selling 5 ETH. even if compared to the current price 1 ETH is more than enough to cover my initial capital.
It is obvious that alt season already happened, and we can say it is still happening as well. During the same period you could have buy BNB or Dot or Doge or many many other coins and you would still be making a ton of profit right now. Which is why I think I can say that alts are doing awesome, not all money goes to bitcoin, there are so many coins right now that are getting attention, there are even new ones that are getting a lot of attention. I love the defi world and checking them constantly and I can tell you that there are actually new things that still get a lot of money, the other day some defi project collected 5000 bnb for their pre-sale which means they mined coins beforehand and sold it, normally pre-mine is a horrible horrible thing for these coins and obviously that didn't stopped people investing 5000 bnb for that new project. Which is why I can tell you that alts are still getting a lot of money. |
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The central banks could be the ones stacking Bitcoin already preparing for what is coming.
They could even be the ones planing the covid19 and the timing for the winter, all these will really make the economy fail plus the political instabilty.
I don't think that's happening. They cannot hide that information. If they were stacking bitcoin they would have reported it. Central Banks are not your average sneaky investor. The moment they touch any crypto, the word would be out. They can clearly hide it depending on what they are using it for. Just to give an example we do not know hundreds of millions of dollars going to pentagon that we have no idea what's it is spending on, of course pentagon is not central bank but I believe all of them are connected, every single government branch is definitely connected to each other, which is why I think they are definitely working together when it comes to bitcoin. You could always have central banks print money and give to someone for "secret stuff" and just tell them to buy as much bitcoin as you can. Does this make sense and are they doing it? I do not think so, they are probably not doing anything like this, but I just wanted to point out that it is definitely something possible if they wanted it but when you think about it, it doesn't make sense to do something like that. |
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Collapse?
It is a thing that wont really happen to banks, as long government do exist then this institution would stay.
Its better not to expect too much with crypto about taking down banks because this is really an impossible thing
to happen.
There might be some advantages but doesn't mean that it will totally crippled out typical banking system.
Still lots had been trusting the good old fiat days rather than on completely trusting the whole
crypto system.
So let it be just like that.
Central banks are not business' that should be kept alive and can bankrupt, they are just organizations that basically controls a big portion of a nation's economy, but there is really nothing they could bankrupt, there is really no problem for them since there is no profit or loss for them. Sure they could "profit" by providing quick loans to huge banks and make money from it, and reissue that profit when the nation needs money without disturbing the market and creating huge inflation, that is a way it could profit, or they could print countless amount of cash and drop the value of it which could be considered failed economy, but they do not bankrupt like a business, they just become good or bad that's it. Zimbabwe and Venezuela has one, they are still printing money and there is really nothing to care about. Long story short I agree that Central banks can never collapse. |
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Ether has gotten so close to the $2k mark, that's not a problem to achieve. However, it's likely that current ETH holders already have other options that are worth holding on to long-term. Given the constraints of the Ethereum network moreover some competitors also seem to be trying to catch up with Ethereum's popularity with more efficient network offerings such as BSC. So it is very difficult for ETH to grow its value by say up to 4x like BTC.
That is the reason why ethereum moved from 1.8k levels to 1.9k while BNB moved from 40 dollars to 200 dollars levels. I am super glad that I have moved some of my bitcoins to BNB, I wish I moved my ethereum to BNB as well but I just wanted to hold ETH in case they figured out a way to solve the gas fee situation, they haven't found anything so far but I hope they will one day. Eventually BNB may pass ethereum one day, market cap looks very tiny but if the price moves to 2k dollars per BNB it may actually pass and I think it could be close to that soon as well, not right now but this spring there is a chance for something like that to happen. People are making millions of dollars profit in BSC right now and I doubt they have any reason to leave neither. So while people wait for eth to become 2k, I will be waiting for BNB to move beyond 1k at the same time. |
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I always felt this was going to take off just because of how they entered the market and when they came in hosting NEO. I bought a lot if NEO and BNB back in late 2017 and just believed in the products... Holding bnb might be the best investment I have made. I grabbed it for around a $1.
Holyyyyyy shiiiiiitttt!!! How much BNB coin you still HODL until now? Each of your coin now make more than x270 from your investment. Even if you only have bought 100 BNB, your money now is $27,000
 NEW ATH for BNB coin!!! $284 ! In crypto world 27k dollars is nothing, I am in a group with people who have 2+ million dollar investment in crypto, and most of that was made from crypto as well, sure they did spent about 10k to 100k (changes from person to person) but they all went to 2+ million dollar levels. I am not saying it is simple or it is easy to make this kind of money but these are people who didn't fear anything and really went all in with crypto and used their money to buy more and more coins and hold them until they went up. Some of them even took out loans and bought coins and put those coins aside and paid those loans with their salary like it was a regular debt, and today those things worth 100x higher than the price at 2018 lows. Long story short there are many people who bought BNB and made a profit, a friend of mine recently bought 550 bnb maybe 10 days ago or so, and still made a huge amount of profit, that is literally just 10 days ago, there is money to be made from crypto very easily during bull runs. |
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backtesting your strategy is never useless, even if you find out that the strategy that you are using does not work and it loses money at least now you know the truth and you can stop apply the strategy in the market, as I said backtesting should be applied under different market conditions, it is true that the volatility of the market is going to make that harder but you also need to apply your backtest when this market is going through a period of stability, that way you will get a better idea of how your system is going to perform under all kind of conditions.
You can't just stop backtesting and "not lose money" because backtesting is free, you just test whatever you want. I honestly think that backtesting is still useless because the future is not written and even if you think you know everything, you really do not know, but at the end of the day it is just another indicator that you could use, that is fine and I think it is not going to be really that difficult to use it for your advantage without hoping that you would be doing nothing at all instead. What I mean is, if you use backtesting, and take that as 100% true and use that strategy that means you could lose money (you could earn too) but if you do backtesting, and use that as another data that you have in your arsenal along with many other things, that means you will probably profit. So do backtesting, but do not make it 100% the reason why and how you trade. |
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-snip-
Thank you so much, very detailed info so I appreciate it a lot! I'm smiling cause I feel so out of this, or should I say dumb, as I'll have to google what APY defi projects are (yeah I'll check the binance smart chain you mentioned  But yeah I could see myself gambling a bit, don't know how much, but some. I know the point is not to just gamble so I'll need to study a lot, but ultimately I won't become so good that there wouldn't be more gambling than with most (if not all) of you guys in here. Don't take me wrong, it's not that money is burning in my pockets, but I guess I'm a bit strange and joining this later than I should've I feel I'm obliged to invest into these things. But boy they intrigue me, I just wish there was more time in the day. I can't thank you (and many others) enough! I'll now order the Ledger Nano S. Concerning it I'd have two more questions: 1. I transfer the cryptos straight from Kraken to it? 2. I'll try to be super careful, but any typical mistakes newcomers make to lose their money? 3. If I invest a bit in say Coinbase (two spread the cryptos to two places while I'm waiting) can I put the cryptos to the same Nano S? I won't delete it all?  4. I've now used Kraken. Is Coinbase pro difficult to understand (if I just buy Bitcoin from it)? I read the fees in Coinbase are high so if I can avoid them easily enough that'd be nice. Do not feel dumb about these things, finance is very difficult and also depends on luck a lot, even the richest and best investors in the world make mistakes, they even get so wrong that they actually bankrupt and governments give them bail out money like what happened 2008 and those are the "top" finance people that failed 800+ billion dollars so do not feel dumb at all if you do not know what you are doing, even the people who are experts fail. I do not use any ledger or any other hardware wallet so I can't answer those questions but people already did answered them so you can listen to them, typical mistakes are usually investing into things you have no idea about, many newbies "hear" or read about some "potentially 10x coin!!" and so forth and they believe it, research what you are investing into before you put money into it, that is how you will know what you are getting into. |
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It depends on the market trends and needs of a particular asset. We all know what was happening in each bull run in which everything was going to the moon, therefore with the flow of the crypto market today, I can say that Bitcoin is playing along $40k to $60k this year. I don't know whether it will go up or down in the coming days and weeks. But hopefully, it goes up further even more.
Yes, I also believe that Bitcoin will continue to move at $ 40k to $ 60k this year because at this point alone Bitcoin is already priced at $ 50k in a unit, obviously this is a very extraordinary thing and almost everyone is expecting it this to happen in the whole year. I do believe that it will reach to 60k, we are getting a lot more good news about bitcoin and as long as that continues I doubt that bitcoin price would go down, there is absolutely no reason for it to go down, and since there are many good news and there are no bad news, why would it go down? This is why I think 60k is more possible, of course it may not happen any time soon, but it could probably happen eventually and that is what I believe in, I think it will make a move eventually but it may stay here for a while, but I doubt a 40k could come anytime soon. Of course I can't predict the future, maybe it will be 10k who knows, I can't predict what will happen, all I am trying to do is trying to guess what is going to happen, my only logic is that good things are happening right now and there are no bad things that is happening, which is why I think it will be fine. |
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Right now Bitcoin has hit the price of $ 49k, It's just a little bit more Bitcoin will hit the price of $ 50k which is my target this February. The price
movement of Bitcoin has been extraordinary this year, ever since Elon Musk changed his bio on Twitter to #bitcoin. The price of Bitcoin was
immediately pumped, after that Tesla announced that it had bought Bitcoin in large quantities. No wonder the price of Bitcoin continues to rise,
if like this the Bitcoin target of $ 100k this year is very likely to be achieved.
Elon Musk changed his bio to bitcoin when bitcoin was at around 38k dollars. Not when it was 3k, not when it was 7k, not when it was even 20k, not even when it was 30k, he changed it when it was 38k dollars per bitcoin. So, I can guarantee you 100% that it is impossible for bitcoin to be manipulated by elon musk this whole time. I think bitcoin is doing great as it is right now all thanks to itself and thanks to all of us who believed that bitcoin could be great as well. Obviously speaking bigger companies like grayscale and microstrategy all played a big role as well, those people talked with their money and made their decision to buy bitcoin when it was cheaper, they last had an average of 15-20k entry point, so they are richer as well. We can all be proud of what we have achieved together. |
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bad decisions indeed when you want to invest have to rely on loans. Everyone even says not to take out a loan just to invest in bitcoin. This is because loans invested in bitcoin carry a high risk with the volatile price of bitcoin. price changes will be very fast. The borrower will benefit if the bitcoin price increases, but on the other hand, if the price falls, there will be a loan that you must pay off with some interest that is billed.
Investments should use money that is not needed or free money. don't spend money that will be needed later. that's the wrong way.
Yeah, this has been talked a lot before but doing this at the very wrong part of the run is what gets people really in trouble. Of course you can't know when bitcoin will go up, but you would at least know a time when it hasn't gone up, it has gone down a lot and that is when you should do something like this if you really want to. For example when the price was 7k at the start of 2020, you did know that when the price crashed to under 4k levels that was very very low, and you could have taken out a loan and sold it when it reached 10k+ prices and you would have paid all your loan debt and you would still have bitcoin left over as well. Personally I wouldn't even suggest to do that, but when it increased from 10k to 50k is that really sounding smart to you to get in NOW and not when it was lower? |
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