It is not about El Salvador being a hub, it is not a hub, it is about how countries started to see bitcoin as a legal tender and that is the reason why people are seeing it as something good and as long as people keep seeing it as something good then we should not diminish the importance of it neither.

I personally believe that we should not be comparing it to any other nation, look at USA they are very supportive of crypto as well and they are not making it illegal, however they are not making it a legal tender neither, so we can't compare those two things together. Same could be said about crypto in Singapore, as far as I know they didn't make it a legal tender and that is what matters to me, if it is not legal tender then it is not something similar to what is going on with El Salvador, it is not about being a hub, it is about being a legal tender in that specific nation.

My biggest investment option for now is BNB, I have seen the improvements over the BSC and I can say that it is just incredible to actually end up with the current price, it should be a lot higher and higher because it really looks like a 500 or more even during this fall is definitely deserved. Go look at how much money is going around in BSC world, not just pancakeswap but all of it, there are billions upon billions of dollars, over ten billion dollars when last I checked so it is really a great thing but somehow the price is nowhere near where it should be.

This is why I believe it is definitely undervalued right now if you ask me. Which means that if you invest into BNB now when it is undervalued, then one day when the bull run comes in then you will be able to actually very rich when it becomes overvalued and it WILL be overvalued when there is extra hype around it.

OP is very right, trading is not something you learn once and then become good at it and do it forever, it just not the way it works. I am telling you there could be someone who studied trading for 50 years and then stop learning about it and then in 20 years he will be purely losing without earning (of course his age could be very high but you get the point).

So long story short it doesn't matter how long you have been a trader, you could be trading for a long time but if you stop learning then you stop earning. Warren Buffet himself once said that he keeps learning new ways to find undervalued stocks all the time, newer and better ways, even upgraded his PC recently at age 90 just to check the stocks he wants to check. If Warren Buffet can accept that after nearly 70 years of being the best investor in the world he could still learn more about how to trade, then you shouldn't feel any different.

From the looks of it the group was very wrong, things are looking alright. Bitcoin is at the 33k mark or so right now and that matters a lot, we are talking about something that is very valuable because if we do not look at the current situation then yesterday was very good as well, it is just staying same.

All of these "x going to happen, I talked with Y about it" is just pure fake, there is nothing that you could do to make it happen, I personally believe that we should not be listening to other people, it is just that if we do not end up ignoring these type of people, then we are talking about getting a huge lose just because we listened to someone online who we never met before. So far I have been in crypto for over 8 years and I have made a lot of trades and investments and I can say that not even a single one of them was based on someone else telling me to do something.

There is nothing we can do about the people who end up losing money, they just do not wait. I mean think about it, if you buy bitcoin and wait, eventually you will profit ONE day, who knows when but it will happen but it WILL happen, that much we all know. This is why I do not think that we should be doing anything special, just wait and you will profit, any person who "loses" money in crypto is a person who buys at higher price and then sells at a lower price, because they are worried or something and that is the problem, I mean the reason could be whatever but if you buy higher and sell lower than you are not doing it right at all.

Bitcoin is a place where the profit is literally guaranteed, all you have to do is just buy and wait, it will reach to a higher price one day, maybe in an hour, maybe in few years but it will happen which is why anyone who loses is making a mistake.

There is probably 5 big red signals in the main message by OP, but I would like to focus on one thing. If anyone tells you that they put ALL their savings into something, and give you some speech about how good their intentions were (pay for kids futures, pay for moms medical, pay for wife's chemo whatever) that is usually either a lie, or move by a moron. I am sorry but if you really believed that babydoge will be the thing that will help your kids go to college, then you probably deserve to be a failure.

I am not saying that you should always be capable of paying for it, maybe you won't, maybe they will have to work, that is not a "problem" in the sense that people do that and it is common, but if you really REEEALLLY believed that your babydoge would pay for it? Then I am sorry but you are beyond saving. I am not even getting into the fact that you got scammed probably the easiest way I have ever seen.

That's the correct way, because in bitcoin type of places selling and buying as one person will not change anything unless you are Elon Musk, which means that trading doesn't change much daily that way, of course in the smaller marketcap places that changes a ton, why? Because it has such a low volume that you yourself could change it and then the bid price becomes the real price and that is the problem.

This is why I never go with low volume stuff, there is nothing you can do that would make it enseemable, it is just going to impact the price a ton whenever there is a low volume coin. I have seen it with my own eyes in many places, coins with 200-300-400 dollars or so and one person destroying the whole price and so forth. That is why there is nothing in the world that can make me invest into those type of coins, but bitcoin, ethereum, bnb and the likes? Those are awesome, I can trade my whole portfolio back and forth everyday all day and I wouldn't be able to change a thing.

The trick is that USA is controlling the whole of Oil market only because that is the thing that does bring power to business, there are soooo many business in the world that relies on oil that there is absolutely no way to get rich without participating even just a slight bit into oil as well, one part of your business relies on oil one way or another. Even if it is not directly based on it, you at least use cars which uses oil/petrol so you end up with it.

So, long story short whenever you find a lot of "energy" which could be oil, gas, green whatever that means you get stronger as a nation because it is THAT much important. Money however can solve all of that, if you are rich enough you could simply buy it in bulk and not have a problem. However what you do with that oil matters, USA controls all of oil yet its citizens die of lack of insulin, whereas Norway has oil yet they are happiest nation in the world.

That's the thing, those people who you do not care about caused the crypto price to be a lot more volatile and the money to go towards wrong things. For example, if doge didn't increased but the same money went towards bitcoin we could have seen bitcoin go to 80k maybe or even 100k and then we would have all other coins to go up at the same time as well, we would still eth at 5-6k and maybe bnb at 1k, because bitcoin increased as well. That is what we should be focusing on, the fact that bitcoin is going up, all other smaller coins that are "meme coins" getting money is a pure waste because I know that it will definitely go down eventually and that is just not something I can handle or bare to see.

You do not care about it but all of that ends up hurting you as well in the long run, or at least not helping you as much as it should and that really matters.

I believe accumulating and low volume does cause the whales to manipulate the market very easily. How? Well low supply means there are not that many bitcoins out in the market, which means there are less people buying and selling and there are less room for big moves, when some whale sells a ton of bitcoin that drops the price very quickly, or they could buy a bunch of bitcoin and increase it very quickly.

So, what can they do? They could drop the price a lot, accumulate even more, then increase it right back up all thanks to them being able to do it with a lot of money due to low volume available. That is why we should not be worried about all the big moves that could happen these days, do not be fooled by the whales making fake moves because all those big moves are usually because of them and I do not think that they should be that much cared.

The reality is that eth is having time of its life right now with the current situation, even after the fall, why? Because reality is that it dropped to a level where it is much much higher than what it used to be, the price was around 100-150 dollars before all of this bull, now it is over 2k+ even after the fall.

However that is not even the only reason, that is just like every other coin and that means all coins are doing fine (which they do, but not as good as ethereum) because there is even a bigger thing for eth that other coins don't; improvement. Eth will have a huge improvement on gas fee, which will make it cheaper and that will get a lot more people to trade on ethereums chain, and on top of that we are really working on eth 2.0, it is possible that we could see it in a year or so, and that will definitely increase the price a lot, so not only price is high now, but it has constant reasons to keep going up.

Some of that could be valid problems for here as well, while the others may not be so much. Flash loans are not probably a problem here, impermanent loss is a big trouble if there is a lack of volume, otherwise even if it goes all the way down to 1 cent that means eventually you will earn that loss back since it is called "impermanent" but if the volume is not there then you will actually lose, looking at the volume I think we have enough to handle it, malicious owners can't steal your funds if the code is valid and the code for biswap is valid, there isn't even migration as far as I know.

But the smart contract bugs and malicious owners could always be problems, that is true part, I can't guarantee anything. Yet it is still better than centralized places, I rather trust the code of a decentralized place than greed of a centralized places owner.

It is not even that difficult to realize how much they could grow and how you could make a profit with that instead of trying to find those "gems" people keep talking about. Too many people invest into things that they do not even understand and realize, and then they end up doing something that they will regret later on because of it and lose too much money.

Invest into the coins I listed and wait long enough and you could have as much as 20x profit in some of them, 10x in some of them and maybe 5x or so from bitcoin itself. However for some reason since those coins are already priced in and there is really nothing you can gain from them in a day, people do not look at them, because they are all after coins that they could invest today and make x10 in a month, which doesn't even exist in crypto when other coins are stable so they are doing something wrong from start.

That is literally called DCA which is dollar cost averaging and it has been a thing for probably around over 3 decades now, at least as far as I know, maybe before that as well I can't say. It is a good idea of course and the best idea, I have been doing that for over a decade in investment and doing that for years in bitcoin as well and it has worked amazingly.

I do not stop when it is going up neither by the way, your idea is to buy when the price changes, my idea is that buy periodically every chance you get, like for example once a week, or once every two weeks or even once a month and keep doing that, that would ensure that you get bitcoin at every price, sometimes lower and sometimes higher. Thanks to this I did buy some at as low as 6k and as high as 50k but my average is under 20k right now and I can honestly say that I am very happy with it.

Sad that it is already down, I was expecting it to go up a little bit more before it started to fall but it is already under 2.2k once again. I think in order to see over 3k again we will need to wait a bit more. I hope that this upcoming eip 1559 will make things a lot easier for people, and should see ethereum going up in the price as well. I know it is not easy to skyrocket in a day but after that the gas fee will be much much cheaper and people will start to use it again.

I am feeling like even I will start using it when it becomes cheaper and that means that I will have a chance to sell all the dust coins I have, I used to have around 200 dollars worth of them but since it was nearly 40 bucks for moving just one of them and usually they didn't worth that much I had to keep them. With lower now I sold some of them and with even lower I will sell the rest. Which means I will be more invested into ethereum itself.

I do not think that "new" 415 billion dollars is invested into crypto. This could be basically local exchanges or whatever they have in Germany (unfortunately I do not know Germany situation I have never been there) then we could basically assume that money that was somewhere else and with this new law then the money went into the banks.

That is what I assumed happened, think about it if there were 415 billion dollars worth of bitcoin went into bitcoin recently, don't you think we would realize it? Hell even when Tesla had 1.5 billion dollars investing into crypto we were all very happy about it and the price went up like crazy and we are talking about nearly 300 times more money than that, which should mean that the price would be insanely high by now. That is why I do not think that we do have something close to that, I believe this was just moving money around and that's it.

Square is owned by Jack who owns Twitter which means that these "corporations invest into bitcoin" thing is getting bigger. Of course Tesla invested 1.5 billion dollars so comparing this 50 million versus the 1.5 billion this is a small piece of the cake.

However realize that if all the companies in the world who have some cash reserved in bank account that they haven't used yet, ends up putting all of that money into bitcoin until they need to spend it, that would cause bitcoin to be 100k+ very easily, probably closer to 200k in reality. That is why we should be supporting every single investment like this, doesn't matter if it is small or not because we really need every bit of that money, even if it is just thousands of dollars. Jack is a good guy, I haven't heard anything bad about him at least, and that is something I can be happy about when a person like that invests into bitcoin.

You do not have to worry about controlling half of more because most of the coins that were mined already got stuck with either satoshi himself or people who lost their coins, technically creating a "fake" burn of those bitcoins, it is calculated over 2-3 million by now. That means we are basically already at 10-20% all gone, and there are exchanges, do not forget exchanges and those people do not want bitcoin to be fully gone, but they have a ton of crypto which means they own a lot of the money that can cause their own business to collapse if crypto crashes so they rarely ever sell them, or do sell in bulk to corporations like how Tesla got 1.5 billion, not like Tesla created a binance account and bought it, was off the books type of deal.

So whales can't really own that much, because it would limit their own movement and would make it suck, they can however increase the price a lot, which means owning 10% of all bitcoin when price is 1k means nothing compared to owning 1% of all bitcoins when price is 100k.

I do not get why people think that all the traders or investors think about bitcoin all day every day. Hell my job revolves around crypto and yet I do not think about bitcoin in my daily life a second, I get that some people may, but I do not do it and I just ignore it completely. If you ask me what the price of bitcoin is at midnight today I will not be able to answer you correctly, I know it right now because my job requires it but that's it, as soon as my job is over I end up going back to what I always do and ignore crypto all together.

I am sure 90% of the people I know are like that as well, we all care during the work hours and we try to invest and do stuff etc but at the end of the day we just go back to our TV and watch some netflix and fall asleep, that is about it. I do not even want to cook for dinner most nights, just order something because I just want to relax, and crypto is not relaxing me so I just ignore it completely.

Yeah, we all understood the same thing so I guess OP is saying the same thing. After years of transactions over 1k people eventually realized first of all 1k is not enough to dump the price of bitcoin, you would need a lot more than that, 5 digits easily, secondly not all transactions are for selling, most of them are just moving the money around and you do not see drops of that in the end.

This is why nobody created a bot that checks the transactions, if you saw millions of dollars going into binance somehow you would buy, but at the end of the day the sell is there and there could have been some automatic trading bots that sell as soon as there is a huge move, which wouldn't work at all and we know that because people who have a lot of bitcoins like to move that around a lot and that is what these people are doing most of the time as well.