The Major resistance is so strong, the sellers overcome the buyers that is the reason why we saw a red market in these past days.
Yes that is why this is called "major"  Especially happen on a weekly timeframe. In my opinion, the price need to be rejected first and need a little bit of correction before destroying another resistance and btw I will share an update the price already stay above 200 ema long term trend of bullish is come  in your weekly market picture it is clear that the candle has penetrated the 200 EMA, and that means there will be a bullish trend for the next move, but before that there might be a correction first. and the biggest correction that is likely to occur is at the EMA with a purple line, around $24K - $25K, I think that area will be great to buy, if it doesn't reach that support, maybe after this it will continue the uptrend. Of course all of these are just predictions, but what is clear is that I have prepared a buying area scenario to welcome the real bullish season |
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Good initiative for sure. I liked especially the quotes from various traders about the markets. I feel every trader should paste a few of these quotes on their desk so that they are always reminded to stay calm during situations of high pressure. Traders often end up making decisions hastily whenever they are stuck in such situations the key is to remain calm and avoid revenge trading or over-trading in such scenarios. Also, FOMO & FUD are obviously the two biggest enemies of any trader. Anyways eventually I started to think that it's better to create small scripts or algos using AI softwares to automate your trading to some extent. This sounds difficult but can be tried in some cases and best part is that even a non coder can do this.
right, basically we have to be able to control psychology, do trading when we are calm, so we can focus on the market. but often we feel worried when fomo or fud occurs, which is when we want to get big profits in a short time, even though the market doesn't allow for that, because we are already controlled by emotions that cannot be controlled. it's the same as if we are experiencing a loss while trading, then we often feel like we want to recover the loss immediately, even though our minds are still confused. and things like that are what we should avoid by continuing to practice so that we gain trading experience to control ourselves |
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It seems to me that everyone has their own "limits" in the work, so here you can only compare. For those who have been working for a long time - this is not enough, for a start - enough.
1$ investment a day is not yet practical. Most of the trading app now requires min of 10$ before you may be able to trade. So I think better to trade when you have already 10$. It is very slow to have 1$ investment each day you won't see the result so often. And it is not practical because it will only be a paper loss if a certain token dump for a bit. So I think better to have capital first before starting to trade. if it is done every day and runs for 1 year then let me assume we invest $ 360 for a year. if for the long term it might not be a problem, instead of saving in the bank, of course this way will have advantages. it will be different if, for example, the money has been collected for 1 year and we want to get it back quickly, then the method is less practical, and trading it might be more useful. but it's different with me where my child is 2 years old and I'm saving little by little for university tuition fees later, I think it will be useful |
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Should newbie traders be only concerned about making profit? I do not think so.
I feel that every newbie trader should first be concerned about fully understanding trading regardless of if they make profit or not at the beginning of their trading life. A newbie trader who enjoys profits mostly during his early life as a trader may be misled to begin to think that he has cracked the code to trading and will continue making profits. Newbie traders who experience some kind of losses at the early stage of their life but still continue in trading know better how trading can be, and because of the early experience that they have had, they are at a position of becoming much better traders than those that enjoyed easy profit at the beginning which can be misleading. What do you think, let us discuss?
New traders should prioritize acquiring a comprehensive understanding of trading, rather than fixating solely on earning profits. Although earning profits in the beginning can instill confidence, it can also be misleading, leading the trader to believe they have mastered the art of trading. Therefore, it is imperative to keep a trading journal to evaluate successes and failures and learn from mistakes. Trading involves both profits and losses, which are inevitable. It is better to experience losses early on and use them as learning opportunities rather than being exposed to quick profits, which can foster an inaccurate mindset about trading. New traders should take a gradual approach, avoiding investing their life savings, and should learn from educational resources and market updates. The initial profits obtained by novice traders will be dangerous if they feel arrogant, where they feel that it is easy to profit from trading, and think that trading is easy to do, so that they dream of stopping working, and retiring, if daily profits are like those obtained at the beginning of trading. this is what will actually make beginner traders miserable because the market is cruel if we can't understand what they want. and when it happens like that then the next trade will be chaotic and ultimately frustrating |
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trading is a job of choice. not everyone can do it, let alone for day trading. even those who choose trading is the main job, he is not jobless, but a choice. with trading they can do it anywhere and anytime, even if there are outside activities, of course they will place safeguards and targets, so all they have to do is monitor them. such freedom is for them so they can enjoy life
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From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping. We should try to be careful this period that bitcoin has not direction. Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.
Hold on, but if you must buy now be wise to use spare income.
Some speculations of Bitcoin don't come to real, Bitcoin price can come up any time any day, their is no stipulated time that ensure or indicate that the price will surely get increase. So the price of Bitcoin is full of individual speculations and it make some people to be confused of the price. From my perspective or understanding towards Bitcoin i believe that Bitcoin will increase any day with the awareness of the speculators except they are using chart to read when it will fall and when it will rise, which i believe that with chart they can't get the accuracy. in managing finances to invest in bitcoin, we have to be careful with implementing the strategy that we are good at, of course in investing we don't know where the market will go after, and I think it's still good to place purchases, of course in a gradual way, so we can buy it back when the price goes down, but if it continues to go up, we have at least part of it. but if you are afraid to buy now, don't make a purchase when fomo occurs |
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Am I the only one who just noticed the delete function is no longer available?
I can't really say whenever exactly this function was removed but I only noticed it today. To be honest, am not very have especially with this changes, I can say this has affected me directly, other changes he made around twitter has no direct impact on me as this does. Elon needs to be careful with these several changes before he makes the platform unusable.
They are constantly making changes since Elon's takeover. It was working fine before but now they have made the user experience much worse in order to try and extract the most value from this platform. There is a ton more ads to make up for the advertisers that left and my feed is full of random people's tweets who I don't follow, which seems like a poor attempt to increase engagement. I guess it came from internal sabotage after Elon cut over 70% of staff since taking over. Maybe Elon has recognized the problem, but the internal processing time is still not stable, the service of twitter continues to degrade. Nothing major has changed to twitter's reach and reach since Elon acquired Twitter but I don't think Elon will let things fall apart so simply. I still expect to see them announce the NFT tweet Tiles feature soon and crypto adoption as a form of payment for the platform. of course there will be changes that are interconnected, at first there might be turmoil that is normal, but we don't know what strategy Elon Musk will implement. I don't think he'll be careless about dropping Twitter, but that's the way to go for his success, just like when he catapulted Doge, no one knew about his plans. |
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technological developments will of course be able to make human work easier, therefore I agree with the OP where AI can make it easier for humans to do it. I don't think this threatens human power in competition, but humans must be able to adapt to technological changes so that they can keep up with the times. industrially using AI can certainly reduce production costs, and that is what producers hope for, of course not everything is done by robots, because robots are controlled by humans
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Hello i just want to ask if i you guys also notice when the bitcoin rise there are also a lot of new projects come out and if bitcoin fall there are only few projects build, is it because some projects developer notice that most of the successful projects are build in bull market and most of the projects build on bear market are failed? Or they don't care about bull and bear market and they build thier project because the time is already been set?
I think most projects will launch their altcoin when the market is rising or recovering (bullrun), because the chance for the projects to success is greater than launching when the market is down (bear run), therefore when the price of Bitcoin rises and the market is recovering, so many altcoin will start to appear, because people will start to be interested in cryptocurrency again and start to investing in cryptocurrency to take the opportunities (get profit) during a bull market runs. because when the bullish season occurs, more and more investors will enter, so that it becomes an opportunity for new projects to more easily promote their projects, so that many new altcoins often appear, especially when that is the right time to seek investor confidence for future project developments. On the other hand, speculators will look for prospective new projects to do pumping, so that it will be easier for money to come in, and after that it depends on the development strategy. |
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Do you think that meme coins still have a chance to do well in the next bull market? Would you still invest on projects like shiba inu and floki inu.
depending on the circumstances and conditions of each meme coin. however, in general, whenever there is a bull market, meme coins like doge, shiba, or popular meme coins, the price will most likely increase. increases that occur are usually driven by market factors, hype, and many more. since long time ago, meme coin has always followed the flow of price increases and price decreases that occur. However, meme coins remain a risky investment. meme coin is very risky to invest. maybe there will be another pump after the bullish season, but I think what will happen is just pumping and dumping, which will make a lot of people happy and at the same time make a lot of people sad. therefore the use of the moment to anticipate before the climax occurs is very important. so we can get out of the market before the dump happens, and can enjoy the results, but it's harder to predict the meme coin, because market manipulation often happens |
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it's been 7 years that I have been saving money in crypto and banks or ATMs only to withdraw cash if I need it. Saving money in crypto is ensured by gadgets that are specifically anti-daily, because there is a big risk if our gadgets get hacked by theft. it is true that having a bank if our money is not rotated to produce it will only decrease so on, such as taxes. contracts
we still need a bank to take fiat money to pay for necessities, but indeed to save it at the bank this is less effective because we are charged administration fees every month, and get interest which is not that big. on the other hand, saving fiat money in a bank will be eroded by inflation which always rises. therefore it is better to save money on cryptocurrency, and use a bank only as necessary. this is because in my country cryptocurrency has not been legalized |
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Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
buying now is recommended instead of waiting for bitcoin to return to 20K and buying it, but buying for the current price is advised not to use full capital, you can divide it into several stages of buying, if the price drops again then you can buy it again. because no one will know when the price will go up or down, they can only predict and analyze according to their abilities |
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I hope things go well like they hope, but this is a very big concern for me, because if anything happens, he will be left alone to pay back the loan, this can be life threatening because he is old and the loan amount is a lot, or do you have any better idea about this? What would you have done if you are in my shoes?
Is your uncle collecting interest to this childhood friend? Or he just helped and take a loan on its behalf? The problem is the too much trust of your uncle thinking this friend is a reliable person and won't break its promise. But if the money is used to invest in crypto (which we are fully aware how risky it is) chances to lose are possible and in this situation, the friend take a higher risk investing in not established coins. It's not really advisable to take a loan unless you can pay it regardless of the result of your investment. But if you're just relying on the profit of this investment, that would be a risky thing to do. So don't take a loan to invest and don't ever take a loan just to lend for your friend that he will use to invest regardless how reliable he is. Because you'll never know until you're put in a hard situation. investing by taking a loan in my opinion is also not in accordance with investment principles, which is that we have to make ends meet first and then we use the rest for investment. burdensome, unless it's for trading and we have the expertise for that, then at any time of course there will be an opportunity to make a profit, but this is indeed more risky |
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Forget about the bottom mate as we are done already. In fact, the price was rising which is an indication that we are on the way to bullish which will happen soonest. Indeed, if you are going to invest then do it now as there is no reason why we skip the current opportunity if we are looking for a profit. As long as we are investing the right coins, we have nothing to worry about but rather have peace in mind knowing that the market and these coins that we are buying won't disappoint us if we hold.
We can buy bitcoin and hope that it will bring us a good profit. As for other coins, I don't have that much confidence that it will be the same safe investment. No matter what anyone says, bitcoin continues to grow, and although now the price is not as good as it was a few months ago, I still continue to buy for now. Yes, I can feel the price difference between when I bought at 16k-20k and when I buy now, but I also know that it's still a good investment, even at the current price. I know that many people say that we can turn around and reach a new bottom, but so far I see a completely different picture, bitcoin is growing and this makes me happy. congratulations, the analysis of the right strategy. indeed $16k is the basis for bitcoin touching its lowest level, and so far it is still showing good progress, so before a significant spike occurs, actually even now it is still a good investment area, just like you until now you are actually already floating plus, and that is good news to emulate so that we dare to take risks with full calculation |
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I guess there’s no reason to chose or doubt, because when time comes that our family’s health will be at risk, though it’s not the best time to sell, but it’s definitely the best we can do than to live with regrets in the years ahead. And to think that we are here to invest and aim to accumulate more profits so we can prepare our finances whatever unforeseen circumstances that may come. And when it’s actually happening, no need to hesitate if it’s a good time to sell, just sell your coins so you can save your family’s in danger.
I agree with your submission mate. There is a saying that health is wealth. Accumulating or hold even during the hard times is not more investment but wickedness. You can not boast of holding Bitcoin during sickness or maybe after death (God forbid). There's absolutely nothing wrong doing away with what you have to gain what you want. I believe that we all saving to satisfy ourselves someday of hardship. if that's what remains of the reserve money that is owned then selling it even in a bearish situation, would not be a wrong decision, because we are saving lives for our family members. when we are sincere to do it then God will replace it with a bigger one. indeed in that situation we are faced with indecision, considering that we feel that it is not the right time to sell it when viewed from an analysis perspective, but after all, lives are more valuable than material things |
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Don't wait till you get the big money before you can invest in Bitcoin OP, you can use that small amount of money you have now to invest and have something good to achieve when the price pump higher in the market. Buy cheap is one of the advantage many potential investors used to harvest huge amount of income from their investments, because it allow them to concentrate in the market price to know when to release the coins for sale. I think, there is a big hope for those that purchased Bitcoin early this year because the price has increased to $27,435 which is a sign that bullish market is about to take place.
if most people have the same thought, that the bullish season will come soon, then this is the right time to start buying it, and of course if it is done simultaneously it will have a positive impact, and the current price is still good to buy because it is relatively cheap , considering that there is no half of the price at the previous high. so that when the bulls come and form a new AT, we will get big profits |
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congratulations mate , it is a rare occasion to see someone here that already purchase such dream while I only accumulate to buy a Motorcycle and a Mountain bike and a Laptop , soon I will buy my car or even my dream FARM when my bitcoin spikes to what i am looking for.
in the next couple of years I believe.
don't give up mate, keep up the spirit....we are happy to see our friends achieve something they desire, and hopefully in the future it will be our turn to follow to make our dreams come true. therefore increasing the current investment is the choice to make our dreams come true. our belief that will encourage us to work harder in achieving our goals. |
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Government can make money to be scarce to suffer the citizens, or to prevent corruption, I believe that when their is scarcity of money it come from government for their political obligations to come to reality, we all know that government have every right to print money at any point in time, so I believe that scarcity of money affects a country because of political plans that is ongoing to that environment, so therefore I believed its people who is power strategic way of depriving people ways of achieving their own motive in politics.
What the fuck are you talking about? The OP was a bit confusing to understand now you come along with this? A government can not find a more effective way to make its citizens suffer then to make money scarce? Surely the government could be more creative than that if they truly want to make its citizens suffer greatly. I also fail to see how the scarcity of money would prevent corruption in any way. Corruption would still find a way to thrive. Do you think the government would just print more money on a whim? It depends on the government that governor's your country, so many of us render or gives suggestions base on our understanding or our experience of our countries kind of leadership, so government can seized a currency with implementation of new policy in order to suffer the masses, so it depends where you from, because I believe that bad government always make things difficult to her country citizens, some of them did it intentional and unintentional. scarcity of money? what exists is inflation that exceeds reasonableness, thus causing misery for the people, on the other hand from a government perspective there is a lot of corruption so that money that should be for the prosperity of the people is embezzled by officials, so that people find it difficult to fulfill their needs, which results in money being less valuable than goods needed. if this continues to happen it will increase criminal cases because many people want to fill their stomachs but find it difficult to get money |
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For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.
Investing in Bitcoin is just an opportunity that could help to improve our living and yes, it could create an impact on the economic system of the country. But honestly, this is not enough to end poverty in a particular country, not even in the locality because whether we like it or not, not all have the interest to invest, and many rejected this opportunity. Those who see the benefits and profit that they get from Bitcoin will certainly have the courage to take risks while others just leave and ignore it. I don't think it's aimed at alleviating poverty, but the existence of bitcoin can provide opportunities for people to get out of poverty, including me, at least after knowing that bitcoin can help the family's economy, by doing bounty hunting, trading and investing. although sometimes I don't get money every month, but when there is bullish I will sell it and divide my money for several purposes, starting from other business capital, personal enjoyment, and preparing to invest again after the bearish occurs |
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