Large scale institutions are doing all in their power to accumulate as much as possible at their lowest prices. But we will find out how things play out. People have been predicting bitcoin to hit $100K+ by the eoy and with 3.5 months left, we're nowhere close. Though I felt the same way, sometime like maybe its a pipe dream.. but a lot of people still believe this, and one thing that I think I saw for certain the other day.. That Walmart fake news for example.. The price within 10 minutes went from like 44k to like 47k .. I don't think that was small investors who drove price up that fast, I think that was institutional money buying the fake news..
These prices you've mentioned here was already an attempt for possible rise in the near future of Bitcoin price. We reached $60k already then drowned so low down to below $30k lastly, but now we're back on track so it's all up to us if we continue to thrive harder as time moves forward. Fake news has nothing to do with our progress, better let ignore them and keep your goals consistent. There are very less chance to reach 100k by EOY. Current correction has led to see BTC go below $48k where other coins as well had to go through a huge dip. Now we might stay or move until $65 k to $70k by end of this month. Whomever is in crypto, must be eager to see Butcoin reaching $100k. Awaiting for it |
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Is it better to keep good project coins for holding?
or
Trade in spot/ futures market in less leverage.
Trade and Hold are both good, however, in choosing spot trading is much better compared to future in my own views and opinion only. Because maybe I had been doing trade in the spot and so far so good. Though, I never try to use future trading, but I am currently much more comfortable in spot trading rather in Future trading. Trading still depends on your skills. You could do spot or even futures depending on your target profit as well as the capability of your chosen coin. Some coins are good for long-term holding while there are also coins with high volatility which are worth trading. Things will also depend on your target time frame. Both have risks plus yes benefits. It depends upon what you are expecting out of. Usually when you go for a trading, you at least should have enough knowledge on the market and basic analytical skills to handle it in order to take a good profit besides usual losses that everyone goes through. But yes holding as well needs the same skills to watch the market and take profits when you hold as well. Your patience is the other key element to manage both. |
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No exactly, except that every they are professional traders with big amount of capital so that they can also get big profits. Moreover if they also know the nature and the right strategy for trading, in every kind of market condition.
So, it doesn't mean much. There will be only few people who can really make it. And not everyday will be coming tot his condition.
I personally believe that many people can earn money and get profits from trading and also crypto investment.
But, Exactly, this will only happen in some certain people.
But so far, many people new coming in crypto is based on the hype community, hype projects, and also fake investment. So, many also become poor very easily.
Don't always see something from one side, because there will be always two sides point of views.
Whales can make a huge profit everyday but may not a million a day. We have investors with huge capital as said above and yes they might get turn over bit more than normal traders with less investment and that too thay are into a day trading. People often make a huge profit when they go for a long term. But yes there are so many here who became a millionaire in crypto by investing huge amount. |
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To probably not do it? Kidding aside, it has made me realize the value of money and the fact that trading kills you of your wallet quite fast. I've learned how to manage my losses and how to allocate my budget for my assets as well as how to manage them properly (I hope I am doing this properly). Pretty much learned all the hard facts about trading and about losing money. I've long left trading and just started hodling since, after almost a year of trading, I already realized it wasn't for me.
I'm certain that the few points covered here resonates with most traders. Of course, taking losses and dealing with them is part of the journey, but what keeps us going is the fact that you can find these little patterns or points that to you look clear as day that it is time to buy/sell - the joy of having that knowledge is amazing, not to mention the reward/s that comes with it. Overall, learning points have also been not holding for too long, waiting for certain news and conduct DD as hell, plus spending a great amount of time just researching the markets - all that takes SO much effort but as often it turns out that these efforts are rewarded. A combination of all possible methods or factors which you would really be needing in able to read up and act up according on what you had analyzed and this is where people do really differ because not all would really be that same level in terms of intelligence and experience. Its true that most feedbacks and post up on here do resonates most of trades which is the fact. Technicals,Fundamentals and other things would count as long it would able to sustain you out. Yes all these Technics and Fundamental analyses are just supportive factors to just indicate how the market is moving. It depends on each one how she or he interprets and acts accordingly. What I have learnt in the last six years is, the target / the profit / long term or short term would define the owner how the technical analyses has to taken in. It will certainly differ from each trader. |
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What a thrilling match it was between Lazio who is in 9th position and Udinese who is in 13th position with 4:4. Number of goals were really high and both teams were on fire which lead to draw. Did not expect a such performance from Udinese yes.
1st goal was a simple one and the 2nd was really solo and fantastic. Then yes Lazio started with a goal and again the other one. It was back to back from each team. Lazio was leading at the end but yes Udinese scored a goal at the last moment and made it draw. Lovely match to see both team play back to back.
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we will have great games this weekend, for this weekend my bets go to these two games:
Real Sociedad - Real Madrid
Real Madrid have been showing that they are playing to beat La Liga and I think they may be able to win that game.
I bet on Real Madrid
Atletico Madrid - Mallorca
Atletico Madrid have good players and a good coach and they have been doing well in the last few games and I hope they win this game
I bet on Atletico Madrid
Maybe become big match on this week between Real Sociedad - Real Madrid because both team want to get three points to get good position standing. Madrid still on the top position and Sociedad have been third position standing right now left than 5 points, I think Sociedad playing as home will have extra motivation to defeat Real Madrid and give first loss after eight match without loss. I think match between Atletico Madrid - Mallorca most easy for Atletico get three points and left one match maybe Atletico become competitor for Madrid to get La Liga trophy in this year. Real Sociedad players will be in more pressure tom as they have to satisfy home audiences as well as have to perform well with the best team Real Madrid who is keeping up its constant best performance in the last 10 matches with 9 wins and 1 draw holding its 1st position strong. The match is going to be really interesting as there is going to be noisy support for Real Sociedad. Awaiting to watch it. |
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First two goals were awesome from Man Utd. The passes were on time and yes the shots to the goal were so fast and unstoppable. When the match began, Man Utd tried twice but the goal keeper blocked it and really need to appreciate him. The first goal from Arsenal should have not been there since Man Utd goal keepr was in injury but the umpire did not accept. From here, Man Utd boosted up and led the team win with 3:2 Ronaldo scoring 2 goals.
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The FUD continues. India is not banning bitcoin as an asset class as many have eluded to. Many news outlets find that this angle is far better for attracting clicks. India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset. Source: https://blockworks.co/india-crypto-ban-about-payments-not-the-asset-class/
Yes to be frank, Indian Govt is in process of establishing its won crypto currency and if i am not wrong that would be called as "Laxmi"?. I have heard that the son of the top richest business man Mugesh Ambani has gone through Blockchain studies and he has already in progress to setting up his own coin on behalf of his own company. Lets see how that will come up in future. |
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Yes everyone should have gone through such incident when they initially pitched into trading. Yes that leads to losses and I am one of the looser in the beginning and still if I repeat the same. Yes panic sales and buys are not going to really help to gain profits in trading. Just be calm and watch out the market moment and act accordingly. Just patiently wait for it to either sell or buy. Analyze the market and be updated with news.
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Just holding the coins until the end of their days does not make sense. We need to live for today, having fun, and money will be a good helper for us
I will say that is true, it is true because we have some things we need money to do, we buy, make profit, sell some and hold the rest. But this does not still change that truth that holding is the way to make profit, holding can be for more than a year or two. People that hold never lose. Yes it is good to have fun but any dormant money we are having can just be used to hold. Its always appreciated to hold for certain years and target a profit. When the target is reached, its really awesome to take them off. Everyone has the aim of certain things. Since many depend on their investment return, we tend to close the trade at minimum profits and use them for the committed expenses. But its not the same with those who have enough to manage their monthly expenses. So holding duration depend on each. |
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Everyone has a target/aim of certain profit. If that's achieved then yes they sell their Btc and wait until they do see a low price to buy. And yes the panic sell and buy usually happens when there is a sudden news heard on social medias and often it happens to the new traders. They see their friends getting profits and invest without much knowledge and experience. The get shaken when they see either price going high suddenly up or down. This move only can be eradicated only when they slowly get experienced with losses.
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LOL.. Brent Crude crashed by 12% in a day, to end up at $72.72. https://oilprice.com/oil-price-charts/#pricesCovid destroyed the combined efforts of Biden, OPEC and Putin. And at last, some good news for the oil consuming nations. But I need to see the long term impact. If the prices dip further, then the shale oil producers (especially in regions like Eagle Ford, Permian, Sugarkane and Bakken) are going to cut down on their future production plans. And this in turn will result in a scarcity in near future. Yup, I was also tremendously surprised too but on the other hand, I kind of expected it. Austria has already imposed a full lockdown, Germany is possibly going that way too, and especially now with the new virus strain, it's definitely going to crash even further. I use my car on a daily basis (university, work, groceries etc.), spending more than 120 euros per month just on petrol, it's way too much. It went down even further. Brent crude is now trading at $70.57 per barrel. Ideally the oil consuming countries should make use of this opportunity to accumulate as much oil as possible. When oil was trading at $40-$50 per barrel, a lot of them thought that the prices will remain like that for the long term and never bothered to increase the strategic reserves. Then all of a sudden the prices went up by 100% and everyone was scrambling for oil. Here in India, we are yet to witness any additional lockdown measure. There is no spike in the number of new infections, from what I have seen. It even went down further, yesterday if I'm not mistaken, below $70, at approximately $68-$69. However, we're yet to see any difference in gasoline prices here, at least where I live. My best guess is that there are still reserves bought at a higher price. No quarantine measures have taken place in Greece either, despite the increasing number of cases, however, I believe that fuel prices will slowly subside, due to the new variant. This indicates everyone faces the same issue all over the world. Here all other products' price as well has gone high blaming gas and fuel price have increased. The other main reason for the hike is said to be the Pandamic business loss. I mean, all goods businessmen tend to say that they have lost so much during the lock down and to equalize that, the price is increased they say. But everyone's salary remains the same!. Really not able to shout out on this issue. |
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Hei, here where I live, does not have any option to buy things with Bitcoin or anyother crypto currencies. So what I usually do is, convert the Bitcoin into my local currency and purchase whatever is required. As Bitcoin is really reaching every corner much faster now a days, hope govts allover soon accept Bitcoin and legalize its usage so that every user and shop keepers transact Bitcoin for all means.
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Napoli had a really easy game against Lazio yesterday. Including me, I guess that there were many people who expected Lazio to fight back against Napoli. But Napoli really deserved the big victory. It was like that they literally erased Lazio from the field especially in the second half. Napoli scored three goals in the first half and ended them by scoring another one in the other half. As Milan got a loss against Sassuolo, finally Napoli are ahead of Milan in terms of points too. Napoli have an enormous dominance against Lazio in their near history in home games.
Yes Napoli has again added up another win to their table record and keeping its top position unshaken. The goals were awesome from the beginning. Those who scored goals, were on point. P Zielinski was awesome and so watchful and when he got the pass he exactly made it. This shows how well he practiced and focused on his performance followed by D Mertens and Fabian Ruiz's shots. And we really need to appriciate Napoli's goal keeper who really saved a goal with his full effort jumping to his up-left and blocking it. Was awesome play. |
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Newcastle is again getting a chance to win a match in this tournament tomorrow against Norwich City which is equally below at the table with just 2 wins in the tournament and these two wins have come from the three recent matches which has the last match as drawn. Norwich City seems to be performing well and adding wins to their table. Hope NC will yes easily win Newcastle tomorrow.
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Did not expect a draw today. Yes NZ has done it so well until the last over. Till last evening, was hoping India would take off all wickets. India set a target of 284. NZ stood still after 9th wicket and that made them drawn the match. Last wicket last till the end facing 59 balls.
Axar and Aswin's performance have really lead Indian fans to win today's test match. Hoping for a win in the second test match soon.
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I have not yet done this. But have given some BTC to my friend for his emergency and I dont mind if he gives it back. But yes when an unknown person here requests me for BTC as a lend, then would think of it and will check on the procedures everyone follows when lending and will provide based on his reputation in the past. But as of now, have not come across guys approaching me requesting for BTC.
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Now a days I come across my friends who become aware of Bitcoin, come and ask if they can confidently invest on Bitcoin and other crypto currencies since they know I am here. I have yes explained them what is the risk and profits out of investing on Bitcoin and elaborated them the market moment. I have even showed them my earnings proof in trading and advised them few best exchanges to sign up and invest on best coins including Bitcoin.
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I always thank Satoshi or anyone who really invented Bitcoin seriously. Yes, this forum has really supported me and still its supporting me to earn money online to balance my financial issues. Yes since 2016, its one of the best platform I know thats really uplifting so many's lives here. Those who are skilled enough in designing and etc, have so much opportunity to earn money from this forum. Lets keep supporting BTC's growth and crypto platform.
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Was having a discussion with someone getting who is getting into BTC the other day about the 'living on crypto' movement.
Mostly about the people who want to get paid in BTC / crypto and only spend BTC / crypto staying away from banks.
We went around and around for a while as to where his line was vs. mine. And it does bring up some interesting points. If you are getting paid in BTC and send it to BitPay / Conbase and convert it to their debit card and spend from there are you 'living on crypto'? How about Bitrefill and other places you can get gift cards from BTC / crypto?
Was an interesting discussion as to where we stood. And was just wondering how everyone else thinks.
Gift cards? Debit cards? Get paid in BTC and convert to USD (or whatever) and put into your bank?
-Dave
I wish a part of my salary is paid in BTC yes so that I keep the BTC on hold as an investment and spend the local currency paid for other expenses. And yes would be good to know where gift cards are printed for BTC. As of now it would be a new move to gift friends who are aware of BTC and its profit on their birthdays or any other occasions. I hope soon in few years down the line, there would be possibility for all these things in line. |
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