I believe it's going to worth more than the $1,000 you're predicting even before the alts season comes to an end. Already, many projects on the ETH chain are moving to the Binance Smart Chain (BSC). I, for one, don't like dealing on the ETH chain if I can also get the same token on the BSC. Fees are understandably accommodating unlike the extortion in gas fee that goes on in ETH, so to say.

BSC will be worth more than ETH in a few month's time even though it's $408 at the moment while ETH is at $2,078.

If XRP is your parameter for knowing when the alts season begins then I think you're getting it wrong. It's coincidental that XRP is having a good time when Bitcoin's dominance on the market is dropping. That's how I gauge the market and know if there's a change of baton in trend. Besides, remember that XRP's ATH was $3+ and it has only done around 33% to it now at $1+.

Oh, well from your assumption we just got into alts season first week of April. And you're already predicting it will end in less than two months? Remember that Bitcoin has been enjoying its moment of bullishness since last quarters of 2020 till now? Rallies don't end that soon. That's my point here.

Whether traditional trading, cryptocurrency trading or Forex Trading, it should be taken as a profession. If our local traders refer to themselves as traders for a living, why shouldn't those who do any sort of online trading refer to it as an occupation. The problem most people have trading cryptocurrency is that they don't tend to take it as a serious engagement. Someone learns traditional trading for 5-7 years as an apprentice before setting up his own but those who do online trading don't want to spend that much time acquiring the skill set for it. They think they can just jump on it and get started like that without the knowledge of how it's done. Every wannabe trader seems to be in a hurry to start trading, thereby making it look like a gamble.

The entire crypto market cap just crossed two trillion dollar (a few days ago), it shows how a serious business trading is and should be handled with every sense of commitment as an occupation. There are people who don't do anything else apart from online trading and they're making a kill from it because they already see it as something that can put food on the table for them. Trading is an occupation, and rightly so.

But I already answered your question, except you didn't decode it in the post I made above. Bitcoin price is coming down and that's indicated in the market dominance. Yes, institutions may be showing buying interest but that isn't enough to push price if the retail traders and pockets of hodlers aren't interested in doing same. I don't see Bitcoin price go above the $60,000 ATM until the altcoins have had their rally too. It's going to be a decline for Bitcoin going forward for a major correction.

OP, you should edit your title. I guess you meant to write, "The reason..." right? Well, to the discussion at hand, I believe the bulls are already exhausted and getting ready for retirement so that the alts rally can set in. Just check the total market cap dominance and you will see that Bitcoin has been dropping since this month. I think its dominance stands at 54% now as against around 65% or so it was a few months ago. The more the dominance diminishes the more investors are transferring cash to buying alts. So, we're likely going to see alts surge in weeks to come from now.

Definitely yes! There will be another golden opportunity to buy Bitcoin cheap but that will be during the bear run — 2023/2024 are the likely time for a massive dip. However, the sad thing is that when that happens only a few will be willing to take the risk of buying it. Most people will think Bitcoin is nearing its death whenever a crash happens and would rather stay out. We saw that in 2018—2019, and will certainly see that again in the next bear run. Nevertheless, OP you don't need to wait for that dump. Just a gradual buy up will enable you pile up. Buy at every little correction the market has.

To start  with, only book traders (those who don't do actual real live trading) will say it's not good an idea to chase losses in order to recover from lost trades. This is because they truly don't know what the compulsion of recovering losses feels like.

A bad work man always blames his tools. Being under stress is the number one factor a trader should look at for before venturing into a trade. A stressed mind isn't equipped to make rational decisions. Being stressed out is analogous to being under pressure to deliver (in this case, it's under pressure to make profit). Every trader has a winning streak as well as a losing streak. What matters is the ability to record more wins than losses at the end of every trading engagement. There is no trader who doesn't suffer losses. Just understand that.

Great idea but it came a little bit late. If you had taken that decision a year ago you would've been in real wealth now. It's too risky to want to try that now, except you want to risk buying at ATH like those who bought in December 2017. Already, it's looking like the alts season is come upon us now. We know how Bitcoin dips whenever alts rally. It's not a great idea to go all out on Bitcoin now.

It's a worrisome development to tell you the truth, honestly. It will further increase anxiety and prove the vaccine skeptics right that taking a covid vaccine is of no good. Besides, I think the so much secrecy coming from the Chinese government on the vaccine from China tells me something is wrong with the whole vaccine thing. For instance, why would China coerce people going into China to take only the Chinese vaccine without which they're subjected to horrendous experience getting visas.

Well, my elementary knowledge (that's putting it mildly, any way) on vaccine tells me that once it's administered it introduces a pseudonym version of the disease it intends to prevent by alerting the body that it already has it and preventing the real disease from coming in. Except where an administered vaccine fails, otherwise the disease has no ability to effect the body again.

It's good a thing you've only invested cash you won't regret losing if things turned sour. This is the likely scenario the crypto industry experiences each time there's alts rally with fresh investors buying tokens which are in less than a cent region without checking the essence of such projects. Most of these tokens usually end up as pump and dump. I witnessed this firsthand in 2017 as a noob investor myself and it cost me a lot. Now, I'm wiser. If a token doesn't have a use-case I don't usually view it as serious. I might throw a few dollars at it just to catch the frenzy, otherwise I don't invest in such and they're usually not for long term hodl. Be careful OP. Why would anyone buy a token whose total supply they don't know? I refer to Blocknet which you listed here.

Binance na ogbenge exchange and I nor think sey e get any Naija peep wey dey trade crypto wey nor get account with dem. My main problem with dem be the high fees wey dem dey take to transfer BTC out. Dat standby commission wey don dey since long time Imo River na die! If you convert am for naira na almost N12k oh. But me I nor know wetin dem dey collect for escrow sha as I never use Binance for P2P before.

I be think sey una say official language na pidgin which wan all man dey yarn phonie na?

Charles, you 4 add anoda option — Telegram/WhatsApp P2P. Na dat one me dey use. I neva use any of those wans wey you be list there.

History actually taught me the opposite of what you suggested here — hodling for a year from now will be hodling into 2022, right? I don't think that will be such a great idea because 2022 will be another bear season for Bitcoin. Look, every post Bitcoin halving year has shown that Bitcoin becomes bullish and after slumps to correction. The halving of 2016 gave us ATH in 2017 and that ended in December of 2017. The 2020 halving is what is giving us this current bull run and I expect a fresh ATH at the last quarters of 2021. Thereafter, a major correction that should come up on us from then into 2022. The dump may not be as brutal as what we saw in 2018/2019 because of institutions hodling Bitcoin now unlike individuals hodling in 2017. But there will certainly be a major dump into 2022.

Like you rightly asked in that prank thread whether OP would've succeeded if it were a BTC paying campaign thread. Certainly, the answer is an obvious NO! The prank would've been dug out within 3—5 posts after the OP. It goes to show the so many spam posts that come from the altcoins discussion board.

I seriously doubt that. There are users who applied and are Hero members. Now, a lot of them are deleting their applications in shame. Brainboss shouldn't have locked the thread, at least to still keep us entertainment with laughs 🤓🤓

Scamming is worse than begging. For all I know, begging isn't even a crime (at least from where I come, it isn't yet) but fraud and scam are criminal activities punishable by law as capital offences.

There isn't anything wrong sending total strangers money. I have done this on several occasion, at least with street beggars. That's how philanthropy works. Remember that shit happens in real life and people could need genuine help from others. It's just that some dudes have taken to scamming others and preventing the real people in need from getting the help they need.

Well, I don't know how the strength of Bitcoin will be empowered with that news because I have observed that Bitcoin's dominance in the general market cap has dwindled against other cryptos to around 55% or so as against the over 65% it was in March. From experience, it all looks like Bitcoin will dip further from this point instead of going up.

Not everyone who believes in Bitcoin will be Hodlers. There is another group called Traders. Basically, the traders are the ones who give Bitcoin  (any other cryptos too) the value they have. If you don't trade an asset it won't have value. This is also why the 10,000btc for Pizza story is much relevant in today's world. It isn't necessarily for the perceived stupidity of the dude who did the exchange but for the fact that it kick started the Bitcoin transaction on the blockchain. It's the same way that new projects make airdrops so that their tokens can be readily traded.

Technically, those who hodl Bitcoin are also traders but on a long term. At some point, they must also sell, isn't it? There is never a perfect time to sell Bitcoin too because after hodling for a few years and then selling and realizing that price continues to soar what does that make you feel like — a weak hand? So, hodling isn't enough to guarantee maximum profit or benefit too just like trading isn't.

What you're seeking here is financial advice from random strangers online. I hope when you do get a few suggestions (as you will surely get), please DYOR before investing in any. Your cue that alts season is not yet set seems right. I ain't sure anyone knows the exact time it will set in. It may even be several months after April. No one truly knows. However, from my observation of the rate of the Bitcoin dominance on the entire crypto industry is that it's dropping. I believe the time is almost right for alts season to set in. BTC Dominance has dropped to 55% from a range of 62% to 65% a few weeks ago. So, it's about time to watch altcoins breathe.

Truth remains that even with team members who are supposedly known, projects can scam too with the excuse that they couldn't continue. They soft exit and that's the end with investors' funds not returned. There's a project I did a bounty for in 2019 or so. The project did an ICO and raised a hell of cash, got the project listed on two average exchanges and then abandoned the project. Team members were known because during the ICO stage there were series of AMA and several seminars held too. But till date no legal action has been instituted against anyone. My attitude towards crypto investment is to invest cash I won't miss if I lose it. I have bought into many projects without knowing their team members and the tokens are doing well, at least. To me, anonymous team members isn't a red flag.

In my early days in crypto as a noob I read the back and forth arguments on while Muslims shouldn't get themselves involved in crypto. One of the arguments that shocked me was someone likening Bitcoin to gambling. The proponents of that argument were of the opinion that there was so much risk involved investing in Bitcoin (as if every other businesses don't have risk associated with them). I guess those who argued that way must've seen through their ignorance by now.


Of course, they will later get through it and come to awareness of its relevance. There's that skepticism that confronts every invention. It's either there is a gang up from the old order against it or the ignorance of those the invention seeks to liberate becomes the problem. Bitcoin (cryptocurrencies) is gradually becoming popular now unlike what it was in the recent past.

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Beyond all that, the uninformed stance of religious sects has also helped to backtrack the development of the crypto industry. While Muslims think it's gambling, most Christians think it's the coming of the "one currency government" of the Antichrist. All that is laughable, really.

As funny as that sounds, I can relate with it. Two years ago we had a governor in my country create a Ministry of Happiness and Purpose Fulfilment at a time when pensioners were owed several months of pension. Whatever that ministry was meant to do wasn't really open and understood. It was a governor who just wanted to gratify a family member with that action. It's crazy how politicians think sometimes like they're truly detached from the people they're voted into power to protect. The action of that governor caused the state unnecessary expenses in chasing his foolhardiness.