Elon can also make some money from his influence if he wants. Imagine buying at a low price then tweet something about it to hype the price up then sold at the peak price. He is very influential so I think he should not just post something to his social media account resulting for some people to get FOMOed. He may have help you to earn some profit but think of other people that bought at a high price, I heard that someone even bought at 7 cents. They will hold it for a long time if they want to avoid loss. When will they recover the amount they lose from it.

This just happened to me so I would say you should really set your stop-loss before you sleep. I have an open position of this particular crypto and I'm confident that I won't get liquidated so I didn't set my stop-loss. I check it every time I get to wake up in the middle of the night and it's still fine but when I wake up in the morning I have no open order anymore meaning I got liquidated. What's funny is after it hit my liquidation price it started dumping hard.

I've read the article on OP and he's just sentenced for two years probation along with one year of home detention and a fine of $7,500. For me, this is not enough for the money he spent on gambling. I'm thinking that maybe Stahura and the judge knew each other before so she did not sentence him to jail for a long time. He should atleast go to prison for 2 years so he would suffer for what he did. This is unfair to others who are in jail because of the same type of crime.

Chinese New Year is on February 12. Do you think bitcoin and other altcoins will dump on that day or before? Seeing the current market now is going up I doubt that it will go down but many were saying that it's already a tradition that the market goes down during this day. Will bitcoin go below $30k? Is this a buying opportunity for many of us.

What are your thoughts on this?

Trading really has an advantage over investing. Trading is short-term so you can earn on a daily or weekly basis when you're already at profit, unlike when investing there is uncertainty if you will get your expected profit in the future. If your income is not that big then an emergency happens, long-term investing is not good especially if the price is lower than the price when you invested. You will be forced to sell it at loss. Trading is better for me if your income is not that big, the profit from it can provide you extra income.

Greed is always present in our human nature so it's normal to think like this. We don't know what will happen in the future so we should secure what is certain at the present. What I do when I sold too early is I just think that what if it goes the other way around, how long will I hodl until I can recover that loss. We should always remember to grab the opportunity to take profit. Big or small, profit is always a profit.

Do you remember something or anyone that saw your Google Authentication recovery key? I've been using it for 6 years and I've not yet experienced nor heard a news that their google auth 2fa was compromised. Nevertheless, this would remind to the members of this forum to take extra caution on their private accounts. Secure them properly and make sure you are the only one that knows it. If possible prevent other people from borrowing your device if you think they are capable of stealing your private accounts.

It's too impossible to go below that price. It would be almost 90% correction at that price and for sure many would be loading their bags if that really happens. Many financial institutions now already invested in bitcoin, it would be a big loss for them if it goes that low. I don't know why people always think like this, when bitcoin breaks ATH we ask how low it can go, and when it's bear season we ask when will be the ATH again.

Even if it happens I doubt that it will be all-out boxing since we know what Mayweather did on their first fight. It can happen only because of public demand. Their win would be useless if they won't give a satisfying fight to their audiences. Pacquiao is an aggressive fighter so people are expecting that his opponent would also give a good fight too. We can say that's the strategy of Mayweather since then but those who watch the fight won't enjoy it.

Apps are just a tool to do trading, what determines one's success is his skills do it, not only in knowledge-based skill but also emotional skill is also a factor to become a successful trader. If you know how to trade properly like knowing when is the right time to buy or sell or analyzing the candlesticks but you often can't control your emotion that you get greedy then I guess it would all be useless in the end. Any platform or apps is good if we know how to trade properly as well as controlling our emotions.

Same for me. when bitcoin was hyped way back 2017 I have high hopes for my holdings that I'm thinking that I can buy my own motorbike but suddenly price went down crazy that time. I was very disappointed for 2 years because my portfolio keeps going down. Fast forward to 2020 I got interested in bitcoin again because more people are starting to study about it, more people are aware that it is not a scam unlike what some people say way back 2017. My friends introduced me to a new way of trading which is futures trading, I enjoy doing it because you can earn 2 ways. I'm expanding my knowledge now in that field to reduce the risk of losing.

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I prefer trading older coins because I'm more familiar with their patterns and prices on where to buy. I recently gain some amounts from xrp and doge when it started to pump few days ago. Defi tokens are very new to me and I haven't done some research about them. I feel like they are just the ICO tokens back in the days where it only pump once and never goes back up again when it dumps.

"A loss isn't a loss until you sell" - This is always my motto when I bought a crypto then it dumps suddenly. It's really tempting to panic sell during this time but if you think carefully you permanently lose the money you invested if you really sell it. If the crypto you bought is a good project and has a potential in the future then it will likely increase again soon. You just need to be patient and wait for the right time that it's getting a hype and becoming a trend to many traders.

I started trading bitcoin when I saw my friend posting some crypto gains on his social media account. That is where he introduced me ccex exchange. He taught me the basics of trading and the risk of losing from it. I started trading with a small amount until I made some gains, joined some groups to know what crypto is good to exchange. That time I found out that there are some pump and dump groups that exist to pump the price of a particular coin.  I learned a lesson from this to not listen to those signal, they will tell you to buy this then after some time they will dump their holdings leaving you at a loss.

The only thing I can advice is don't try to learn to trade if you're afraid of losing. Cryptos are very volatile so anything can happen anytime. Research well before buying, not all of them are good for long term and short term.

For me as long as it has a store of value it can be considered money. Cryptocurrencies can now be used to buy something you want not only on the internet, but some small businesses also accepts that as a mode of payment now. Digital currency can also be money but unlike crypto, you can only use it in a particular country you're living. And the concept of digital currency is not that trending now because not all countries can adapt to this.

14 lose streak if I remember way back 2018. I won some amounts before hitting that losing streak. I manage to double my capital that time but greediness won at that moment and in just a few seconds my bankroll becomes 0. I even attempted to recover it but ended in a failure. I feel very bad that time thinking that if I did not get greedy maybe I could buy something I want for myself.

It's like you are blaming the casino or the lottery for someone who died because of their luck hitting the jackpot. It's not that I blame the winner but if you confirmed that you win the jackpot you should control yourself from too much excitement. Your heart is pumping so fast that you can't breathe properly. Do things that can help to release that amount of excitement. Some people died from a heart attack because the moment they found out that they win they think too much that their brain and heart can't function properly.

Besides traders, I think news or rumor can also control the price of bitcoin. If there is a bad rumor spreading about bitcoin, there is a high chance that many people with weak hands will sell their holdings. This also can show a buy signal if good news was announced by a credible source and trigger a FOMO. This results in some people getting hyped and buy at a peak price. So IMO news or rumor can also be a basis to know what will be the trend of bitcoin.

What's the goal of those people selling vaccine on the dark web if it's given free by the government. They're just giving a bad image of bitcoin to the public. Why would a sane person buy there if he doesn't know what it really is and the possible side effects of it. Does the government secretly buys to those people at cheaper prices compared to what we know and those vaccines are what people get as a citizen of that country?