1 year ago btc was worth about 18k usd and now it is above 26.
That's is about 50% up.
Whatever you did you would have made a lot of money just by buying btc. It is easy to trade when the market makes 50%+ in a year.
(....) The only challenge with buying the dip, it's usually so hard to know the bottom until it's too late. Very well said. That's why DCA is really effective especially if you are a busy person and don't have time to do some analysis to identify the bottom or let's say you are really not a technical guy to deep dive into some analysis, DCA is your friend. Just be consistent. I don't think DCA is for busy people. Buying something one time in a week or month and someone doesn't have even time for that! It is hard to believe. What i know is DCA is for those who want to hold a coin for a very long time and the market is moving sideways. Like if you have been doing DCA for over the past 2 years your average must be lower than those who are investing now. If you are a busy person and want to trade to make a profit when the market is moving sideways and you don't have any intention to hold for a long time then Grid trading is best for you. Just set the support and resistance parameters and create the bot with the amount of grid you want to put there. Now it will run on its own and you can be busy where ever you want. |
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Obviously, expect the unexpected one of the top-tier tips of trading physiology. I'm not sure about the price pump as I cant see any Bullish sign on the chart or in the latest developments so I would say better be careful as I'm extra careful with the market at least till Friday. There is no need to be excited to wait for a while there will be clarification in the coming few hours.
It relies on the DCA and smoothly moves on with the accumulation. I was reading the market last day and my first insight was that the market will stay in this tight range for the premium Buyers (Whales).
What is going to happens before friday? Premium buy really? I think whales have already started accumulating below the 20K zone. What we are seeing now is institutional buying like microstrategy. I am not sure about those assets, manager. They are buying too secretly, or will they wait till the final approval? I think they will finish accumulating before the final approval, and what we will see is FOMO in the market, and retail investors will jump to buy whatever they can. |
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Manpower is a strength for a country if most of them are not old people and kids. We saw a country with a huge landscape with no manpower. They have the land and resources but no manpower to use it. With proper management and great manpower, a country's economy can be boosted. Vietnam can be a great example of that. Look at Chinese companies working all over the world for infrastructure development and other mega projects.
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II would like to ask about exchanges other than Binance that trade M-Coin Futures. Are there any such exchanges that are safe?
I want to spread my balance, I'm a little afraid because there is a lot of FUD news on Binance, to anticipate bad things if something undesirable happens.
Please provide input and help.
You are right about binance fud and i am also trying to not keep any funds in there. I saw news mentioned about binance that sec can put a high margin fine for binance for some of their activity. For future trade bybit is more popular than binance i think. This exchange recently offered spot trading and their service is also good. They are doing heavy promotion about their platform with events. Using it for some time never had an issue. But they are a little bit skeptical about using multiple id so be careful about it. |
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-snip-
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?
There is no prediction that is 100% accurate, so the results of technical analysis will be subjective depending on how traders interpret price history which they then process into an entry signal. Actually, it is not a matter of trust but of possibility, in fact traders are very flexible to change the type of analysis used if it is not profitable enough. I have been in trading for a long time and traded in forex, option, stock and crypto market. From my experience i can say that technical analysis will work in crypto as long as there isn't any new events in action. Any negative or positive news about the market can prove a TA totally wrong. This is the reason i try not to trade when there is any upcoming news events or the market is volatile due to any ongoing news events. |
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2) Market is Consolidating
Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.
When the market is moving sideways its a great time for accumulation. But if you are looking for short term profits then you can use grid trading bot to take advantage of market sideways move and set the bot between its support and resistance levels. 3) When Emotionally Unstable
Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.
It is not easy to control your emotions when you are watching your trade go down. Our emotions tell us to add more funds and lower the average. Sometimes this works if you can hold on for the long term. It's better to use a stop-loss. |
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I use a buy sell bot into tradingview.Is enough for trading?any special method to prevent loss in crypto market?
You should explain what type of bots you are using and your strategy for trading. I am not sure if TradingView supports trading bots, as I know it is an indicator-heavy platform. If you are using any third-party platform like 3commas, then be careful about its security. There was already some security concern about this type of 3rd party application, though they can be useful because of their variety of bots and other features. |
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Now the thing is, if the USD continues to face inflation this much, do you think the Global reserve would be worth anything much in the future?
You need to understand why do we need to keep a global reserve and why it's important. A country keeps its reserves to do cross border transactions. If india wants to trade with china then they will do that with global reserve. They will not use their native currency if there isn't any agreement between those two nations because it is not widely acceptable. If india accepts Chinese native currencies they will not be able to use that to trade with other country. They don't keep their global reserve as savings. This money keeps circulating and that is why we saw some countries losing their reserves when other gaining it. If inflation getting higher they will still keep USD as their global reserve due to its acceptance. Some countries wanted to change that but USD dominance is still very strong. |
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I really want know if getting more degrees can make life financially better because I come from a country where their are no job and I have seen people that the only thing they can do in life is to read books, getting more degrees attaining all these degrees yet no still go job for them with good pay. Do think people who read in a region with slim job opportunities are doing the right thing?
Most people who go for more degrees believe they can get better job at the end of the day. People that only go for more degrees in a stare with high unemployment rate are they doing right thing by putting all their focus on academic because this is the only thing they can do best.
Having a professional degree represents your level of knowledge. It has nothing to do with your skills or practical knowledge. Gaining knowledge and having practical experience are two different things. In your working sector your practical knowledge is generally real value for your contribution. I have seen people paid more because of their efficiency in their jobs when they don't have a higher degree. |
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I have been using Google since my journey to the internet. Google can be compared to a kind of assistant who knows everything and always wants to help. Though Google can provide misinformation sometimes, it is the best search engine I have used so far. Bing and DuckDuckGo are better than Google if you want to get only the legit source of information, but they don't have a massive database like Google.
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There can be regulatory pressure or their anti crypto policy that makes them take this kind of action. I think its normal to see this kind of negative news especially in the bear market but these same authorities will make positive statements in the bull market.
This type of news might frighten some people but it motivates me to make more investments in crypto because it shows crypto that they are in fear that it will shut down their business one day. People will be their own bank.
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I won't say there isn't any chance that bitcoin will be declared a legal tender, but the chance is very low. USA officials tend to take an anti-crypto policy, but due to pressure, they declare bitcoin a commodity. I think the SEC will try hard regulation, and the government will impose high taxes to discourage people from using bitcoin. They will try to spread negativity about bitcoin to promote CBDC as better than bitcoin.
This scheme is only to digitize USD or currency under the pretext of cryptography that BTC has been raising so far. For people who know very well about crypto, they will think twice about CBDC later. Because CBDC is not the intention or purpose of establishing blockchain and Bitcoin, CBDC is purely a ploy for the government or authorities to continue to monopolize the digital USD. I don't think it's about an established monopoly on USD because it already has that one. USD-pegged stable currencies and fiat currencies are widely adopted in crypto and the real world. CBDC will give people more control. If someone is financially dependent on you, you can force him to do anything for you. This will give the government more control over their people because they will be financially helpless. |
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I do agree with you that the govt will try to use CBDC to distribute this type of package but I don't think they will declare BTC as a legal tender. I think it's the opposite that they will go for hard regulation or not-so-reasonable taxation.
The fall of PPP is constant and there is nothing we can do about it. The more new paper cash comes into circulation the more it will come down. This is another reason the rally of BTC looks so fast and dramatic.
If we take a look at what has happened when a government is in power and the economy begins to go out of control, what we will see is that they will begin to restrict the freedoms of their people, like only allowing to withdraw a small amount of money out of your savings account, ban the use of foreign currencies, confiscations, banning gold, price controls and many other similar measures, then it is clear to me that in that scenario bitcoin will be either banned or regulated as much as possible, and there is almost no chance at all that it would be declared to be legal tender. I won't say there isn't any chance that bitcoin will be declared a legal tender, but the chance is very low. USA officials tend to take an anti-crypto policy, but due to pressure, they declare bitcoin a commodity. I think the SEC will try hard regulation, and the government will impose high taxes to discourage people from using bitcoin. They will try to spread negativity about bitcoin to promote CBDC as better than bitcoin. |
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I hope the deal is sealed though and OP understands what needs to be done in other situations rather than creating threads for just a single line question.
Often, the problem with this type of thread is that OPs ask these obviously needless questions but immediately disappear from the scene, making one think that they're not after answers to the questions they ask. I said OP's question was "obviously needless" because OP shouldn't be asking a question like that, having been registered on this forum in 2018. I bet not many who responded here knew OP isn't a noob account. This account was here the same year the merit thing was introduced in this forum. Perhaps the OP thinks that asking this type of question will show his interest in the forum, and some generous members will pour some merit into it. I saw recently that Meta has been flooded with new topics asked by newbies or accounts below member rank. Why suddenly do the demands for merit spike up with lots of newbie accounts creating silly topics in meta and bitcoin boards? |
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Topics can be rearranged using
- Show Most Recent Post at the Top
- add each user who spamming to your ignore menu.
- Using UserScript to make a specific account replies first
- Rearrange topics according to merits .
These are 4 simple ways will be enhanced by the quality of replies but I do not think that there is an indication of the quality of replies and changing the arrangement of topics will be a little more difficult to track discussions.
Do we have a benchmark of how we will determine the quality of a post? Sometimes comments that look stupid at first glance can be valuable if you look deep enough. People have different approaches and points of view to judge a topic and react to it. Someone's comment might just share his points of view and it doesn't add any real value to most of the forum members. BTW i am familiar with point number 4. How to use this use scrip? |
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War has a great impact on the economy because desire for resources increases but due to war one cannot get it easily. Trading mechanism in both countries will be cease due to war therefore neither they can export their materials to other countries nor they can demand from other countries for their needed materials.
Oil and gas which is also known as energy become more higher in worth therefore if it become elevated in price then related materials also boost in value. Sometimes people migrate from those countries where situations of war arises because everyone wants to live a better life and where they can find numerous job opportunities as country having war will not avail job opportunities for individual and everything will be effected a lot.
So far the war as of now has yet not arrived in a military showdown. But because we are still in an economic war, it is a slow suffering and sanctions are affecting those countries with no resources while oil countries are dumping USD. Once the war in Russia-Ukraine spills out, those allies are going to launch their weapons, it will be destruction and I hope someone with a clear mind will prevent it from happening because seriously, even the POPE who of all people will think of peace was calling for more weapons to be sent to Ukraine. For Christ sake, this POPE needs to be sent to Ukraine to see for himself. Those allies of Ukraine have already made it their weapon testing ground. We have seen how the USA is providing all the latest military equipment from their arsenal. Both countries are suffering because of this war, but Russia is taking more heavy damage than Ukraine. Their economy was already weak, and now this war is eating their resources as well. It will make them weaker than ever, and even China and Iran will look stronger than them. If somehow they win this war, they will not have the might to keep their influence over their occupied territory for long. |
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When I registered on the forum the general belief was that a crisis would favour bitcoin but if we see that in March 2020 it went down like all financial assets and that the inflation crisis and rate hikes by central banks have not been good for it either, I doubt that if we enter a crisis like the one in 2008 the price will react well.
What I am pretty sure of, however, is that if that happens the central banks will change their policy, print again as if there is no tomorrow and that will be good for the price of bitcoin, the post-crisis, where much of that printed money will flow into bitcoin.
I held the similar views about Bitcoin that its price will surge during the economic crisis, when I first ventured into the world of Bitcoin investment back in 2017. However, during the course of my journey, I learned that Bitcoin has very strong correlation with stock market and both markets are indeed influenced by CPI data or interest rate announcements. This correlation suggests that general public tends to sell various assets in their possession, including Bitcoins, during the period of economic crisis to fulfill their basic needs. Regrading surge in bankruptcy filing, it is very disturbing development. I believe this issue will may find some solution when FED starts reducing the interest rates in an effort to stimulate economic growth. Isn't it a common practice to sell assets during an economic crisis? It is true that the stock market and bitcoin have a strong correlation, and they both react to certain economic factors. There are people who think if they invest in the stock market, they won't get their money back, and there are people with the same mindset towards bitcoin as well. Missmanagement and corruption are the reasons behind this bankruptcy, and there are some internal bad actors as well. It will likely just be a quick decline for BTC and then pump up again going to the bull market. I would like to believe FED will start distributing stimulus packages again but this time they are turning the cash into digital currencies and this is where we can see more users are going to buy BTC as well. BTC will rise above all this turmoil and the government may declare it a legal tender. While BTC goes up in value, the USD also will drop its purchasing power. Meaning BTC may have $100K in price but the purchasing power may also be suppressed because of USD value. I do agree with you that the govt will try to use CBDC to distribute this type of package but I don't think they will declare BTC as a legal tender. I think it's the opposite that they will go for hard regulation or not-so-reasonable taxation. The fall of PPP is constant and there is nothing we can do about it. The more new paper cash comes into circulation the more it will come down. This is another reason the rally of BTC looks so fast and dramatic. |
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Custody service with the use of the bitcoin is quite risky with their organization I guess we know how does the market is volatile or else they have another plan with the bitcoin they hold like for trades or lending so they can earn back all of those possible lose, and also if these services have a lock period sure they will offer something to the holders like having a reward, an increase of APY and etc. but as a user you will lock their funds with this service is not good I guess they don't have the full authority to their coin and possible market crash might lessen the value of their asset.
For a company with 1.34 trillion dollars assets (and imagine their profits) that type of money would be "peanuts" (pun intended lol). I am sure that they will try to find the best cold storage method that they could before they do this and they will not have any trouble at all, I get that some people may think about it differently but I think it is going to be as good as it gets. The best thing about this would be making sure that things are looking smooth, because if they can make it work for even just a while and people do not see any issues there at all, everyone will start to join even more. First order of business would be starting and having no issues for a very long time, rest will be a lot easier after that. It doesn't make sense for them not to use a top notch tech company to build cold storage methods for them. They wants to make profits and attract more custormer to use their services and they know some customer would be skeptical of using this type of service from a bank. Crypto is usually stored individually in a privet wallet so if they are using this kind of service through a company then they need to convince their customers that it will be better than self-custody. |
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When Elon is the most vocal here then what is he doing with his electric car? even if his gas emissions are minimized with the Tesla car that is his mainstay then is it not dangerous because basically he is just transferring environmental damage from renewable energy to radioactive waste.
Elon Musk and other advocates of innovation are exploiting the popularity of the “renewable energy” culture to promote their projects, and their primary goal is not to search for serious solutions to energy problems in general. When Elon Musk thought about producing electric cars under the pretext of reducing the use of fossil energy, he did not specify the energy sources that his cars would rely on because the production of electricity also consumes many resources, and any attempt to replace it with one of the renewable sources will cost more than the profits expected from it. They are businessman not scientists. They all want to make profits and they want to build an empire their own. To do this they need to be visionary and needs to do predict the future trend. The human race is using fossil fuels for a very long time and its negative impact is visible in some countries. They knew one day there would be a rise in carbon emissions and demands for renewable energy. So if this happens Elon and his tesla will be at the top of the empire already by that time. |
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