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I think bear market already comes, especially this thread is already 20 days and no pump or maybe upcoming good prediction (from what i see and what my friends discuss about death cross although i don't really know what is it) maybe we really need to prepare if big dump really come. If me i already prepared to hold fiat and usdt in market which not support me to hold my fiat.
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I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
If lost $300 made you stopped trading, so you still not ready to use that amount of money. Maybe beside control emotion, you can start with small amount or maybe demo account. But if you profit don't feel confident and then use big amount of money on next trading, try increase it little by little. Because sometimes, when someone get profit, they feel confident and then think if they use more money they will get bigger profit, but then market is not like what his expected and he lose. |
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Maybe at first what are they intention is not to scam people, but when people think they are not follow their whitepaper and change what is the money from investor used for, then the project turn to be disaster, dumped and then dead project. And i am buy their ICO and then lose much of my money. Mostly i wrongly pick in an ICO project and rarely trapped or scammed by HYIP/ Ponzi sites.
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I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.
I don't think it will need 3 years but don't worry holding is a good thing to do. Well, at least it is better than panic and cut lose your assets. Back to basic, people should use money that really free to anticipate something like this. So when we holding, we still have our main income to fulfill our daily needs. It is doubtful we are going to even need a year, to me this is simply another aspect of the bull market, I think that by the end of the year we are bound to see another strong increase in the price of bitcoin that will take it to levels that we could have only imagined a few years ago. This means we need to be patient as the recovery is coming and we need our coins to take advantage of it, also I do not see why people still get scared when we see news that China is banning bitcoin, this happens almost every year and yet people keep falling into this FUD. I agree with you. If we can see between 2014 until now, there are several times news said that China banning bitcoin and then legalize, support, ban again and it keep happens. Maybe now there are a lot of people who joined in crypto and i think mostly not read what happen in past and maybe affected because of it. |
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Guys, I heard that Binomo started working with cryptocurrency. I know it used to do more with binary options. Do you think it is worth the risk to work with Binomo? Maybe someone has experience in this matter?
There are a lot of Binary option sites before binomo and they also can deposit with crypto. But i think since past until now people will have same response if they not consider it as trading. Maybe guess price is right but if you lose, you will lose all money you bet in it. |
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I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.
I don't think it will need 3 years but don't worry holding is a good thing to do. Well, at least it is better than panic and cut lose your assets. Back to basic, people should use money that really free to anticipate something like this. So when we holding, we still have our main income to fulfill our daily needs. |
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Some people that i see hacked in their Trustwallet, usually before it they connect their wallet into a site inside Trustwallet browser. I think because of that, now there are some sites that can help us disconnect our wallet from any kind of sites that we already connect to make our funds safe. So since there are many people get hacked in their Trustwallet, we can believe it and at least be careful about our wallet too.
doesn't to make a transaction it needs to be signed using private key though? I doubt the decentralized app inside trust wallet could retrieve the private key, no way they could access it using some kind of script but that's just as I remember correctly. I think most of cases of wallet hacking like this due to exposure of the private key, maybe an app that was installed in the phone somehow get access to the private key stored in the phone. Don't know what is the system, but maybe they hacked the site and retrieve people's data or maybe if someone know when we connect our wallet to any sites in there what we give to them. When i do connect usually there are notification that we must really careful to linked our wallet to any site and must really know risk behind it. If me not wrong they always make sure to us when we want to connect our wallet. |
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I want to know everyone’s suggestions.
I reckon the best cryptocoins to buy as long term investments during bear markets might be those exchange utility tokens like FTT and BNB. Exchanges always collect revenue in bull and bear markets and this gives the tokens some fundamental backing. Also, the utility of those tokens in their corresponding exchanges create a demand for them.
Pick BNB already good. It is a good coin but as long you buy it in low price. I think don't be hurry into altcoins and save fiat is good thing to do, when market look in a good condition to buy, then buy potential or maybe top coinmarketcap coins. |
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I think what governments do only made regulation like block access to bitcoin wallet, exchanges, etc. And nothing can disrupt people to use bitcoin freely although must bypass the internet connection to access it. So, bitcoin will still have it's value. As long there are internet still on.
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Some people that i see hacked in their Trustwallet, usually before it they connect their wallet into a site inside Trustwallet browser. I think because of that, now there are some sites that can help us disconnect our wallet from any kind of sites that we already connect to make our funds safe. So since there are many people get hacked in their Trustwallet, we can believe it and at least be careful about our wallet too.
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Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?
I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...
It could be anyone right. About altcoins not tied to price of bitcoin i think it is impossible except it is stable coins. Because price of altcoins which is will be end in USD (fiat) will depends on bitcoin first, it caused by there are more pair of altcoin to BTC. |
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We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
Maybe indicator for some people is different each other. If me i think still too early to confirm if it is bear market. But honestly i am not a guy who tell people "hey i think it is bear market" because i not want people to blame me. Usually i save my analysis for myself. |
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If me, i believe something like influence is not permanently, it will dissapear or maybe people will start to ignore it when they think it is bad for them. About market, especially when we know someone talk and cause big market movement, in the end people will think he only want to manipulate market with his way and then market wouldn't really affected anymore because of it.
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My personal opinion maybe have 2 reason, they already have their assets like fiat, stocks or maybe anything else that can be threaten if people change their investment to bitcoin, or maybe they see bitcoin price can be increased after dump happen, they already hold or want to buy in cheaper price, only them who know about it. But it is not enough to make bitcoin dumped a lot like when it is started.
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I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
Maybe the simplest way is most of altcoins in exchanges is paired with BTC. And then if BTC dropped, altcoin price also dropped because although value in BTC is same, but value in fiat is dumped. Maybe if not want this to happen, make sure the dev pump their alts when price of bitcoin dropped so it can stable or maybe can be above from before. |
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Let's say you have a large amount of BTC and you want to spend it / invest it / transform it in fiat but you do not want the BTC to be traced to exchanges or to you, how would you do it ?
It's not for me, it's to further my understanding of the space.
If me, have large amount of BTC, as long it is not illegal, i like to show if that is mine. I mean, in case we lose access to it, we still can claim it back if we do KYC for example. Like when forget pass, or maybe anything else that can cause us to don't have access anymore to our wallet. But if not want to traced by exchange, i think save in hardware wallet without any centralized exchange or centralized wallet will be good option because only us who control our coins and trade it P2P like almost everyone said. |
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From what i see, some people always think global adoption is bitcoin be used as payment. We can see if a person create thread about it, it always directly to aim about it and maybe bitcoin replace fiat. Global adoption, is only when people know and use bitcoin no matter what it will be used. As investment for example, it is already considered global adoption because people all over the world can use bitcoin as much as they want.
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As, all we know that Binance smart chain projects are more trending these days. I am interested to invest in these BSC , which one is best for 2021?
For BSC tokens what is in my mind is pick which already listed in Binance, or maybe have their own product, for example, Safepal, Cake, or anything else that might be have small possibility to get rugged (people in my country said rugpull). But if want to gamble, there are a lot of new coins that you can pick because sometimes they get pumped a lot with a bigger risk. |
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Train our emotion in trading is really different with only read in books. I mean yes we shouldn't afraid but we can't underestimate how market works too. Trading activity must be done with people that really ready in it, if not what will happen is a lot of people will lose, or complain, or tell other if they lose in trading. I am not really into trading for now because not ready yet, still hard to control so i am not easily panic when market is bad.
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I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?
I think as long you not use money that come from loan or maybe money that actually used to buy daily needs, it is good to do. Because if price keep down and people keep buy it, then ROI price can be lower than when we bought for first time. And when price bounced, we can get profit from all level of order. |
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