Those newbies are right, on Bitcoin not much profit can be expected but with alts much more, they rise when btc rises (no matter how useless they may be, just existence is enough).
However, you are also right, stick to top altcoins and bitcoin. Top altcoins are nice balance between safety and profit, Bitcoin is ofc safer than all.
Some investors would not sticked with the top altcoins because they are also thinking that it's over priced too just like Bitcoin i.e wouldn't print enough profits compared to the under priced ones, however the danger here is investing in some shit altcoins that wouldn't pump during bull run consequently losing a some huge opportunity due to greediness, it had stated here that investing in trusted and credible altcoins is safe and profit will be guaranteed unfortunately many investors are aiming for 100x profit which I believe is unrealistic now compared to the last event when Bitcoin reached ATM, The huge numbers of altcoins in the market also make it difficult to choose the real ones |
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It's hard for me to say how much money I make trading every day because I never calculate how much I made trading today or how much money I lost trading yesterday. On the day when I can make some money by trading, the account is correct but on the day when the trading is not correct and the money is losing, then I just wait for my loss to be recovered. There are both profit and loss in trading, so it is difficult to remember only profit calculation. Not only me but every trader may say this and they may not be able to say how much money they earn each day.
Truly as a trader you can't have a fix amount of profit daily this is based on the fact that each traded pair might have different exit, a trade can be close early before reaching it target possibly if a reversal is detected or trade not moving as planned all these factors would make it difficult to have a fix rate daily profit, market has no respect for anybody and there are days a trader would breakeven i.e loses equal profits earned that day therefore having a mindset set of earning a fix profits daily is quite difficult, it might be implemented in forex trading but difficult in crypto trading, I knew this is common with new traders thinking that such idea is very realistic until they started live trading before they realize how difficult implementing the idea. |
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Copenhagen showed that it is not the weak team in Group A with its 4-3 victory. Manchester took a 0-2 lead, but Rashford's red card changed the balance of the match. In my personal opinion, if there were 10 men left, Manu would probably have won the match. In the other match, Galatasaray played well again, but could not take advantage of the positions it found in the first half. The match ended 0-0 until the 80th minute. Bayern took the lead with Kane in the 80th minute. The linesman made a review because he said he was offside. (According to Var's decision, the referee called the goal first and was examined once more during the kick-off. Again, the goal was decided.) The match between Galatasaray and Manchester in Turkey may determine the final shape of the group. If Manu is defeated, he will say goodbye to the Champions League in the group stage.
Man Utd loss against Copenhagen had pushed them to the bottom of the table thus with a very slim chance of qualifying to the next round, possibly a third position would qualify them for Europa league, obviously this is a woeful performance by the team against a lowly rated Copenhagen honestly Man Utd had not live up to expectations in UCL this season even in the premier league which could be attributed to the team lack of winning mentality and fighting spirit or possibly their players action was deliberate just to trigger the sacking of their manager Erik ten Hag of course he has to take part of the blame too, well the next few matches would possibly make the board and management of the club take a decision. |
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There are still many countries that are friendly with crypto. As far as i know if USA is far better compared with china or rusia in term of giving crypto some spaces to be developed. As long as you can agree with their regulations and it's fine for you to build your crypto company in their territory.
That's the main point. The only problem if US regulartors are still trying to build the regulation bodies to be implemented for crypto soon.
Yes, although each different venue has a different perspective and approach to crypto, and this can create a fragmented regulatory landscape. I personally see The success of the crypto industry will depend on finding the right balance between innovation and regulation, I mean the government is not undermining the potential benefits of crypto through overly strict policies to bring about positive change and continuing to push for more inclusive regulation and framework going forward. I believe after the success of altcoins in countries that had adopted it would prompt other countries who had either ban or imposed some sort of regulations to have a rethink about their action and soften their initial restrictions, for instance the success and thriving of crypto in USA would possibly encourage other top nations to start adopting crypto though regulations would still be imposed notwithstanding many cryptocurrency investors and enthusiast would be encouraged and motivated to invest in it, I think the best alternative rather than an outright ban by many countries, meanwhile a of jobs would also be created thus provide plenty opportunities for the unemployed. |
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I personally really don't like meme coins, because there are lots of meme coins that can't last long and compete in the market, that's just for people who want to get quick profits. because of the large number of meme coins, it also has an impact on scammers who take advantage of opportunities to create fake projects and seek one-sided profits. lots of selling meme tokens on the web and in social media posts without any continuation of the project they built, it's really bad for the development of the meme token itself.
Honestly a lot of meme coin developers created it solely to cash out quickly and dump the coin unfortunately a lot of unwary investors fell to their trap consequently losing huge portion of their hard earned money, on the other hand there are investors who wanted to earn quick money are also caught up in the scam thus would have themselves to blame, unfortunately crypto market is unregulated which prompted all sort of nefarious activities by some scammers who pose as developers to enter the market, personally I would never invest in any meme coin at the expense of credible and trusted altcoins like Ethereum, BNB, Link e.t.c |
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History repeating itself is common scenario in crypto market in both bullrun and bearish market since there’s always a correction after a pump and a recovery after dump. There’s nothing wrong to think about that. It’s only wrong if you just keep thinking on it that result you to unable to purchase crypto just because you wait for that bottom.
I believe people that think like this are those who will purchase at the top when they are already FOM O when Bitcoin pump hard.
Right. It is important to recognize historical patterns in the crypto market but waiting too long for the perfect moment can lead to missed opportunities. Timing is crucial and being overly cautious might result in buying at higher prices during FOMO situations. It's essential to find a balance between analyzing trends and making informed decisions.  Majority of investors and traders rely on price history repeating itself that source of information motivated a lot of them to invest or tigger a trade, likely the price action of Bitcoin is mostly based on it past history behavior, next another halving of the coin is coming up speculation and prediction based on the same event in past shows a massive pump in the price of Bitcoin during that period thus this had motivated a lot of investors to buy and accumulate in the last Bear market, thus all these are basic criteria and factors that must be considered before taking a crypto investment or trading decision, an investor don't just invest blindly with the hope of earning quick money. |
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As it stand now, Chelsea has moved up to 10th on the standings table and they will play Man City on Sunday. While all Chelsea supporters are happy with their team's improvement, I still have doubt that Chelsea will have a difficult challenge against Man City.
They wouldn’t have it so easy when they finally meet with Manchester City later this weekend. It would be a difficult game for Chelsea as I think Manchester City would have a win in the game. No doubt, Chelsea has improved in their performance and all but not so much that they could stand a chance at winning a team like Manchester City. Chelsea’s supporters may be happy with their recent improvement in their games, I think they’re realistic enough to know they’ve got a difficult game playing against Man City. With the fact that they have improved recently, but if they face Manchester City it does not mean they will be able to win easily with the improvement they show. Their victory over Tottenham this week is a very good asset for them. Although we know the victory they achieved was inseparable from their advantage when Tottenham had to play with 9 people. Apart from all that, I hope they will give their best game when they host Manchester City. Victory is a very positive result, but we also have to be realistic when looking at the opponents they will face. I think a draw would also be good for them. I think Chelsea would make the match difficult for Man City on Saturday based on the analysis of their performance against top team this season, recall they drew Liverpool and played brilliantly well, they also played Arsenal and we're on the top the game but couldn't hold on to their two goals lead unfortunately drew the match nevertheless they played very well in that match, last weekend they broke the unbeaten run of Tottenham Hotspur these season and earned a well deserve win against them, it's like they always have problems with mid table teams and win other matches, Man City played mid week UCL match against Young Boys while Chelsea squad is rested another advantage for their players to come out fresh in the weekend. |
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There are 1000's of Alternative Crypto-Currencies out there, but which one do you actually use?
Post your favorite Altcoin below and tell us why you think so.
I like Doge and Ethereum both are my favorite altcoins, Doge is like a sleeping giant after buying low I will wait for an important announcement by Elon Musk thereafter an instant impact of that announcement pump it price thus I take profit and waited for it price to reverse repeat the same process again, Ethereum shares almost the same Price Action similar to Bitcoin therefore it ability of having a lower price compared to Bitcoin is an advantage to buy more of the coin at a cheaper price as well as earning more profits when it price pump and another advantage is that also respond quickly when the price of Bitcoin pump massively compared to other altcoins. |
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The worst mistake one can make as a trader is chasing the market to recover losses, If you lose a trade, learn from it and take it as your fault.
Trading really fucked with me back days as a newbie until when I got to know this secret, Which is protecting your trading capital.
I was this trader who never bothered that much when most time I blew my account because I was working and seeing money on a regular basis before my salary would drop, so it was just like I was trading with spare money so little did I feel it, But after that I changed a job and that regular money was no longer coming but mainly on monthly basis, that was when I understood the importance of protecting my capital and started proper management of risk, and stopped trading with high leverage that I was using, and since then, I never blew my capital.
This is one of the mistakes inexperience traders always make I am also victim of such a mistake by trying to to take revenge trade consequently getting or incurred more losses, I believe it is more of emotion and Psychology of trading once it's is taken care of such a mistake wouldn't repeat itself again, meanwhile it's most appropriate to enter a trade with a fix percentage or part of the total portfolio rather than trading with the whole fund, some traders trade with at most 5% of the total fund Incase of price hitting a Stop Loss there is more fund to trade with, this are issues every trader should take into consideration particularly using Stop Loss for every trade to be executed and adopting a trading strategy that has higher rate of reward compare to the risk. |
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Hey guys! I made some research and I didn't see this topic and I want to make comments there and since I could not get anyone here so I decided to drop this one. I have been hearing bitcoin bear market and the bull market but I have not really heard of a bear and bull market for Altcoins. So I will like to know the bear and the bull market of the altcoins or are they following the market price of bitcoin? Bitcoin is a project on it own and has it own blockchain and network and likewise with Altcoins.
Some of the Altcoins are good to invest but most of us are not aware of that if they are good because there is no bull time for them. And the way I see at them they are just going along with bitcoin. So some of the Altcoins are waiting for the next bitcoin bull market. So my humble question is there no bull market for Altcoins? If yes, there is, then when is the expectation and if no why?
i am following the altcoin chart and i expected that when the time of bull market will increase in near future? Don't expect any bull run for Altcoins for now because Bitcoin is the main engine that drives majority of the altcoins except the pump and dump ones, basically you should do your research diligently to pick and select altcoins to invest because once Bitcoin resume it bullish run definitely majority altcoins would follow suit, however the ones that would pump massive might vary, I recall in 2017 when Bitcoin reach ATM many altcoins also pumped massively making 10x, 100x etc profits for investors who invested in them I am also expecting history to repeat itself during the next halving of Bitcoin next year where most altcoins are expected to pump respectively. |
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Some people think that you should always follow the trend when you trade to increase your winning probability.
Is that true?
I believe that your potential reward would be higher if you trade along with the trend because the EOF is making new high or new low, so we should expect that there is a break structure to occur when the pullback ends. This doesn't mean that your win rate would be higher. There are traders who are profitable with the counter trend setup, and I believe that there are traders who wins more with this.
Well, to identify which trend you can win more, we will make a poll to identify whether pro-trend or counter-trend usually has the higher win rate.
It's absolutely true a profitable trade must be traded and follow the trend a counter trending trade is like moving against a waterfall that is absolutely dangerous thus would lead to streak losses and account getting liquidated, it's better or advisable to enter a pro-trend trade at the beginning of the trend so as to ride on with the trend while adjusting or trailing the trade with a trailing Stop Loss to maximize the profit with high reward, though some experience trader can also counter trade, however I believe it's a scalping system where they enter a trade and also exit the trade quickly which requires some level of expertise. |
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In my opinion it is not safe to keep your savings in the bank, banks can fail, freeze their users' funds and the government can make forced withdrawals, it is better to invest in gold or bitcoin on a decentralized wallet
A Well capitalized bank would not fold up easily and made away with depositors funds in fact majority of the credible and trusted banks are monitored in such a way that depositor money is insured in case of the bank folding up thus their monies is safe, however that does not mean that we should not invest or hodl crypto in term of investment, buying of gold as asset is also a very good idea however gold would also be deposited in a bank to ensure it safety that is why bank is also a very important institution that we can't ignore it usage, personally I would divide my funds into three first part goes to savings, second part would be invested on Bitcoin while the third is optional use to buy gold |
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Something came out in my mind recently:
How would the price of Bitcoin change if there were no other cryptocurrency than Bitcoin?
Would Bitcoin develop faster without a competition?
Many people believe that if there is no alternative cryptocurrency, the price of Bitcoin will rise because it has no competition.
But, in my opinion, the price of Bitcoin is lower if it does not have a competition. Why? Because if there is no competition, the buyer's thinking is "should I buy this or not?" however if there is competition, the buyer's mind is "should I buy Bitcoin or these alts?"
As a result, not just Bitcoin but other altcoins will benefit. So, rather than being upset or sad because there is a competition, we can look at it in a positive way.
Of course Bitcoin offer solutions to P2P, anonymous transaction, store of value etc though there are other problems in the society that other altcoins proffered solution to, however if Bitcoin is the only cryptocurrency, I believe it demand would be very high thus prompting a high price, almost all crypto enthusiast, traders, investors, wage earners of the coins etc would depend solely on the coin that would trigger a very high volume traded on daily basis because there is no other competitor or alternative, however the existence of altcoins is also a welcome development though their pump in price depends majorly on the volatility in the price of Bitcoin. |
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This token has already shown that it depends on one person, and I would not trust such memtokens, it is better to pay attention to the TFS token, in this case there is a much better chance to make money
Based on my close observation on the price action of Doge on daily timeframe on several occasions the price of DOGE ranges the only period it pumps is whenever Elon Musk made a statement thereafter the price pumps after sometime it reverses back definitely it price action is synonymous with that of memecoin, though with some basic skills and knowledge in trading any investor who possess those skills can make some decent profits by a way of buying Doge coin at a lower price and hodl for a period of a positive fundamental news possibly from Elon Musk which will definitely pump it price then sell at high repeat the same process again. |
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That's right, Chelsea almost won the match after Jackson scored. Tottenham also scored the second goal, but they were caught offside. The match was very interesting even though Chelsea's dominance was not as good as expected. Chelsea's performance is bad even though they are 2 players ahead of Tottenham, but I'm sure they can win this match in the end.
It's hard to believe how Tottenham had to lose 2 players due to red cards, this is truly unexpected. The high tension of the match makes the players fail to control their emotions, which ultimately harms their own team. Tottenham deserved to be disappointed, but this was a match with high tension.
Chelsea have successfully won the match with four goals to one. Nicholas Jackson's hat trick in the 75th, 94th and 97th minutes destroyed the Spurs. Let us see if this win will be enough motivation for the Blues to face Manchester City in their next match. This was an emotional match indeed considering that Tottenham took the lead in the 6th minutes. Perhaps the two red cards incurred by Tottenham changed the tempo of the match against Spurs. This was a great performance by Chelsea they finally ended the unbeaten runs of Tottenham in the league this season in today match and a hat trick by Jackson would erase the impression of being a bad striker after some strings of bad performance for Chelsea in their previous matches, hopefully today's win would motivate their players to improve their performance in their subsequent matches having struggled so far in the league despite the huge and massive investment on the team, meanwhile Pochettino first match against his former club as a Chelsea manager was on a positive note possibly he might have known the team weaknesses and capitalize on it. |
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Instead of buying an Iphone 15 I would rather use the money to invest in Bitcoin, around October last year the price of Bitcoin was around $15K imagine investing the whole lot of that amount of money on Bitcoin now the invested fund would have doubled now that the price of Bitcoin is above $35K, but here in Nigeria everyone wanted to show class especially in social gathering where they tend to display their wealth especially with the latest Iphone, gold chain, expensive cars etc, this is the present mentality of most Nigerians just to display affluence in the streets.
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It depends on the aspect you are viewing it from, there are lot of profitable traders.
Saying trading can ruin someone is understatement. It can only ruin you if you lack the bases such as experience and knowledge. With sufficient information about trading, it can change your life forever and vice versa.
Get the skills, utilize it and you shall prosper. Even after having the knowledge, you should try and put risk management into consideration by going for a better risk to reward ratio of nothing less than 1:3. All these put together will make you not to be ruined by trading.
It's take lot of effort and perseverance to become profitable in trading unfortunately a lot of newbie never wanted to pass through the learning process to acquire the necessary skills and knowledge owing to the fact that it would takes them a very long period of time to achieve that aim thus not knowing that failure in trading would ruin them consequently all their account would get liquidate, I also agreed that adopting a trading strategy with a low risk to high reward ratio with a strict money management is the key to becoming profitable in trading despite the fact that losses is inevitable yet a good system would enable the trader to have an edge over the market. |
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I think people tend to choose convenience than doing their own research and comparing the services of the different options laid infront of them. I am sure that most of the Paypal users will use this PYUSD rather than the long-existing USDT, USDC or BUSD.
Aside from that it is also the first time of the majority of Paypal users to dive into a stablecoins so they will just grab what is offered on their table. So it is not surprising if there will be a huge userbase that will support PYUSD.
Paypal is a trusted digital financial service. I believe PYUSD will soon build a strong community in the future. They can take a strong community from the Paypal ecosystem. I think it will not be difficult for PYUSD to gain a share in the stable coin market. Especially if it can be integrated with Paypal. As a Paypal user, I will certainly be happy with this. Once the launching of PYUSD sail through and was successful launch into many reputable exchanges then freelancers would have the option of earning their wages via PYUSD thereafter they can exchange it to Bitcoin or other valuable altcoins, while other online good and services, Marchants would also adopt PYUSD for their transactions hopefully deployed with a very fast Blockchain network thus provide a swift and a very fast transaction, it users wouldn't need to worry about exchange of the normal PAYPAL to fiat through a third party that would quote a very poor price, they would rather adopt PYUSD. |
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I think OP is just shilling PI network and compare Bitcoin with it. I had a bit of a laugh as well when I heard about this comparison since based on my knowledge about crypto Altcoins will remain what it is and nothing can replace Bitcoin network I mean, PI is Pi and BTC is BTC two different networks on two different coins. PI has nothing to prove yet compared to the pioneering Bitcoin.
That's how insane they are when they don't do their own research concerning the project they want to invest in, they just want to spread what they have heard from the promoters and sometimes they are blinded by their words until what comes out from their mouths are claims that has nothing to do with the reality. If Pi is real and they have a working platform, they could have done some testing and given their investors a beta version of it to be tested but what they have done so far was false promises and their investors seem die-hard to believe everything they said. Majority of the Pi coin hodlers I knew got it through mining I never come across any investor of the coin, because I don't think any investor would waste their hard earn money on a project without a roadmap, funny enough those who hunted the coin through mining are boosting that they are already rich if the coin is eventually launch into the mainnet that the value and it price would be huge, unfortunately those hodlers continue to mine more Pi coin truly after been on false hope announced by the promoters and developers, personally I had duly informed those who care to listen about the worthlessness of the coin. |
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 Today's match wasn't fine due to how they made the goal decision. I was under the impression that Arsenal either won or drew, and because of self-interest, VAR cheated Arsenal by making a fictitious ruling. In the initial VAR check for a possible ball outside the line, they act as though they saw nothing. In the second VAR check for a potential foul on Gabriel, the third VAR check for a potential offside, and the entire official team allowed the goal to stand. However, I'd like to know why they didn't let the referee go check on his own? The refereeing decision was the main talking point yesterday and it’s disingenuous to push it to the background. I have come to the realization that the Premier League officiating won’t change. It will get worse. It’s become a business now and the people that should call it out are all hiding behind microphones. Sometimes I don’t like talking about all these ref/VAR issue. What we are seeing now is Nothing. The shit show has been on for 10+ years at least and it won't stop. There were so many error scenes from VAR during the game but they somehow managed to overlook them. I don’t know how the VAR officials missed Bruno elbow, how they did not review the foul on Gabriel Magalhaes, but went for an offside is absolute shock, it seems like it was a mission to make Arsenal lose. Arsenal was really into the game. They were the better side if you ask me. Yes there are things they could have done better attacking wise. But defensively they were on point. I think Arsenal did not lose that game because they did not play well. They lost that game because they were robbed. Simple as ABC. I won't be surprised to see another referee get demoted to the championship again. Yesterday at St James' Park, I witnessed the ridiculous use of the VAR system. It was glaringly evident that the English football system won't change. I received this message from a friend, and everything he shared with me below accurately reflects what happened in the goal against Arsenal. PGMOL have responded following today’s controversial decisions at St James’ Park.On Bruno Guimaraes elbow: “He's not used his arm as a weapon, it's not nice but no more than a yellow card.” On the Newcastle goal: “The ball looks out but we can't possibly give it from that angle.” On the push on Gabriel: “There's two hands on Gabriel's back but we can't be sure it's a push.” On Gordon being offside: “There's no conclusive evidence whether Gordan is behind the ball, so stick with onfield decision.” I only saw how much time they took when they made the decision about that goal and whether it was 1) a foul or 2) offside. The offside decision took too long in my opinion because it wasn't offside. But in general I think there is nothing to say against the VAR taking a lot of time to make the right decision, but it is confusing for sure. The commentator said they gave the goal because they have no conclusive evidence against it. That was word for word what he said. Now when did this situation happen during the game in the above picture with the ball that was supposedly out? I missed that one but was it out 100%? I think it is a disgrace that there are still missing camera angles to make reliable decisions in the aftermaths. There is so much technology available and it could easily be upgraded where necessary that these things should not happen. I was very shocked to see that the Newcastle United goal against Arsenal yesterday night was not disallowed by VAR because VAR checked on three things in that Newcastle United goal which are the possible ball going over, possible foul, and possible offside against Newcastle United. The VAR was very interested in checking for possible offside when they know too well that it is not an offside against Newcastle United. The VAR should have focused more on the possible over against Newcastle United because VAR knew if they focused on the possible over the goal could have been disallowed but since they wanted the goal to stand they refused to focus more on reviewing the possible over which could give Arsenal a goal kick. I think they should work on VAR to deliver the right decisions at times. VAR decisions this season had been totally unacceptable and dismal with reference to Arsenal match against Newcastle the VAR decision was absolutely unfair the ball had visibly crossed the touch line for a goalkick and it was repeatedly shown on TV replay, it was glaring and obvious that with the aggressive style of player of Newcastle one or two of their played ought have gotten a Red Card yet they got away with those terrible challenges against Arsenal players, VAR controversial decision is now on weekly basis last week it was against Wolves when they played Newcastle, last time it was Wolves against Man Utd when Onana made a contact and foul a wolves player and so many questionable decisions. |
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