from the start the crypto market can develop very fast also thanks to market manipulation. I think everyone knows this, manipulation will always exist. those with influence and money can manipulate the market. you can see Elon musk with some of his tweets and china with his ban. it's all part of market manipulation. meme coins can be hype as well including market manipulation. imagine a coin with no real use could soar high in an instant, wouldn't that include manipulation?
right, but indeed it has become something commonplace, they manipulate the market of course with the aim of profit, hoping that many people will follow in their footsteps, even that applies to major coins. and this will be very clearly seen for a worthless coin to be busy in the conversation, even though it eventually drops back and seems difficult to return to its best price |
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I think the crypto bull run has not ended, it's just that it's been delayed a bit, because I believe this year is the year of crypto, indeed no one can predict the crypto market, but I believe the bull run is not over yet, because the crypto world still has great potential in various aspects.
If you look at the current trend, the market is still in an uptrend. The current correction is indeed making people worry about making a decision. I think we are still safe if we want to buy, and of course there is no guarantee for that in the near future, but if we invest for the long term, I think it is still very worth it. There is no guarantee in this world, everything we have to take the risk, risk it is impossible to make profits. We have to make a decision based on the market situation, so we should always aim for the long term instead of short term. if we aim for the long term, then I believe the price can form a new peak, moreover a lot of good news is spreading, like elsalvador. I hope that with the increasing number of good news it will stimulate investors to use cryptocurrencies, so that prices will skyrocket again. on the other hand we don't need to worry because in the previous year bitcoin actually touched the price of around $3.5k, and at that time many people were pessimistic |
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I think it's a few cents above its true price right now, but I think it's fair that DOGE is living in this moment. I used a lot of DOGE in the past, it was practical and fast. I never had any problems. Of course I don't own DOGE anymore and I understand that the only trading pair that is more profitable is BTC - USD, but for those brave DOGE is an option that can be profitable.
so I remembered that I used doge because the fee was low, so I could save on transaction expenses. but until now doge is back down, and that's normal because many other coins have experienced the same thing, after pump and dump, at least doge is still alive at this time, and waiting for the pump to happen again to reach the previous peak, although no one knows when it will happen it happened, and until now doge is still in the top 10 of coinmarketcap |
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I personally believe that there will be another btc bull run and alt run before 2021 ends. what you guys think about it?
btc to 80000 or 120000 USD
30k$ price is still a high price so I believe that we are still in a bullrun status if the bitcoin price will fall under 20k$ maybe that time we can say that we are in bearish market, i always see some speculation that btc will soon rise up to 100k$ before year 2021 end let see if this will come true. Different people's opinions, of course, some say that it is currently in a bearish condition and some say the opposite is also a bullish condition, but if I look at the overall market conditions right now it seems to be bearish, what is clear is that we all hope the market can rise so we can see the price of bitcoin rise and be followed by altcoins rising if we look at the market on a small time frame then the market is in a bearish condition, but on the contrary if we see it in a large time frame then the market is still in a bullish condition, it is only from each person's point of view for long or short term trading. with daily trading means we see the market with small TF and take small profits with small risks |
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in developing a trading strategy, what I usually do is the main thing is to see the trend and look for areas of support and resistance, after that I will place a pending order in the support area and place a take profit. if the price goes out of the support area, then what I do is cut loss, or if we are lucky then take profit can be achieved
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Agree with 3 point your mention on thread, just summarize in my thought real bank is responsible of their customer account and if something worst in bank happen like hacked etc it would be big loss for them. and also every country had regulation for bank and most of those regulation are not match with crypto characteristic. its not that easy to just make a bank like creating an exchange.
between cryptocurrencies and banks have the opposite nature. between centralization and decentralization, and the most important thing is the role of the government in it which seems to be able to control it, while crypto cannot be treated like that. but there is an elsalvador country that will start using bitcoin legalized in their country |
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Well, extrapolate that study to bitcoin is not determining but binding.
In any case, amateurs are the raw material or the main agent that gives value to cryptocurrencies or bitcoin, without these users (all of us) what would be the crypto market, being an investor is within everyone's reach, it is a symbiotic balance, that is not seen in the traditional market, few investors (experts) many actions in a market with controlled access.
There are more amateurs than those who are experienced and wise investors, once those heavy weights start moving their assets, both sides amateurs are being moved as well, they know how to play from both emotions and understanding, we can still see this influence from the current situations. I see amateur traders as if they are being used by professional traders to launch their strategies. we know like the case of Elon Musk. he spreads the news so that amateur traders can follow, and once they invest in bitcoin, with the power of the media he can influence many amateur traders to buy, when he feels he has had enough, he seems to run away with the money |
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In fact, poverty is the root of all evil
Look how many poor people sell drugs, be sex workers and other criminals just to earn money
money is a necessity of human life in this era, with money you can fulfill all your needs
So don't misunderstand money because money is not the root of all evil
although money is not the root of all evil, but many crimes are based on the need for money. we know money can change a person's mind, people can lose their minds to get money, and not only poor people, people who already have a lot of money sometimes commit crimes, because they feel lacking. that's where the nature of greed that always sticks to someone, therefore we must be able to control it so as not to commit a crime |
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Not only Miami, but also Texas promotes the integration of crypto assets into government structures. The Texas Department of Banking has allowed state-owned banks to store cryptocurrencies. This is stated in the notification of the regulator on June 10. ~
Miami and texas are big cities, their regional heads are really great while many other countries are afraid of the potential of cryptocurrencies, these two cities are "welcome" to cryptocurrencies It's not easy to make this big decision because there are bound to be a lot of debates and differences of opinion that arise but these two cities are really great, hope to one day become a citizen of one of these cities  The leaders of both Miami and Texas will definitely create big changes in their cities and its all matters of a kind of leadership where great changes can be achieved. Crypto will be more recognized with this kind of promotion. If all leaders would come out from their comfort zone and would not be afraid of debates or any differences, then crypto will most likely to be adopted soon in the near future. We expect news like this to accelerate adoption in various sectors and regions. so that there will be more facilities for the use of bitcoin and finally governments in many countries are forced to legalize it. of course this is the first step like elsalvador that can make other parties do not hesitate to use bitcoin |
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As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
There's no doubt that the pandemic has brought digital currencies into the lime light. Although in most countries, even before the pandemic struck, they are already using online mode of payments so it is not a new thing to them. In some countries that are just developing such as the country I belong to, it is a challenge most especially to the working class because they are not used to it. Meeting halfway was done in order to follow safety protocols as well as to cater the plea of the citizens. In addition, this pandemic has paved way for many people to explore more about digital currency such as bitcoin here in our country. Which I think is actually a good thing because they are opening their horizons to new possibilities. It's easier compared before because of the advanced technology, people can do things at the comfort of their homes. It is much more convenient and safe to most of us during this digital time to transact using digital mode of payments. Over the past one year the activity of people on internet have increased a lot. This has made People to explore more opportunities available online. One among that is the cryptocurrency. People who believed bitcoin as a scam and trap have now begun to invest on cryptocurrency. This is transition due to better understanding about the market. Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end. when there is a price spike, many people know bitcoin through the mass media, so they seem interested in learning cryptocurrencies. Moreover, there are many people with stories that get rich suddenly due to the pump. but we can see after the price crashes, currently tends to range. hopefully bitcoin will continue its positive trend again |
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There are many reasons people also invest in stocks. the stock risk has a smaller risk because it is not like crypto which has high fluctuations. on the other hand, with large capital and safety of funds many traders choose stocks to invest. and with the increasing popularity of bitcoin, many stock traders are also setting aside a small part of their capital to invest in bitcoin
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Money gives you financial freedom. This means your mind will be in a relaxed state. With a person without money, his mind will be always thinking of making money for his next day's food. This way money is an object that has got the ability to keep a person away from financial problems.
When we talk of happiness, it is all about love and care. Maybe one can buy an expensive car for his friend, but here receiving friend's mind isn't about the car. His expectation might be a small hug, so the expensive car doesn't make him happy but the small hug makes him happy.
Money is object based and happiness is all about inner feeling.
Even though you say that happiness is an inner feeling, but this inner feeling is still based on external factors  Although of course all this is strictly individual and you can be terribly unhappy having a lot of money, but being afraid to lose it or not being able to spend it adequately to be happy. Or, on the contrary, enjoy small things with little money and be absolutely happy from other factors, such as family life. All the same, everything is relative and a person quickly gets used to the good and begins to envy when white, and when black envy other people who have more money and becoming unhappy. indeed everything can not be measured by money, but often we solve the problem of everything with money. therefore in my view, we should have a lot of money for ourselves, and be able to share happiness with other people, people in need. I imagined it seemed like it was complete happiness |
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Everything around us had a special used need for us to live and survive, we can't certainly hide such a thing.
However, some innovations had come, not just for now but probably in the future that we no longer use oil or to its minimal level only. As we are aiming to help global warming, the more eager we create things like cars that will not use crude oil anymore.
Well, the process and development could take so long but this gonna be happening.
Currently, many are competing to improve environmentally friendly technology, when humans think that global warming is increasingly threatening the earth, then currently environmentally friendly energy is being developed. and of course to change that habit not in the blink of an eye, it takes a long process, just like biodiesel which uses energy from plant products |
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even in gambling you have to know basic knowledge, gambling more risks than cryptocurrency trade,
i have done a few bet so i know how much pressure here, buy low/sell high it seems greedy trade, and not professional trading.
I think the criteria for buying low selling high are difficult to digest. when the price is low and we can buy it? because sometimes even though we feel the price is at the bottom but it turns out the price is back down again. therefore we must understand support and resistance because in that area sometimes prices react |
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Don't give up, and always try to learn from mistakes. in trading we learn psychology, money management and techniques. besides that experience is very important because it helps traders to adjust to certain situations. and one more thing, don't think with trading we will get rich quick, because everything requires a continuous process
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there are many things that must be considered in scalping, I know we have to create a framework to take a position, after that we wait until the price enters the area, sometimes all day we wait for the price to not pick up too and we have to be disciplined, when the price breaks the framework then we must dare to cut loss. because in fact there is trading that is even more aggressive than scalping, which is usually called a flipper
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TA is fun, but also can be stressful  correct but it's worth it after all.. Actually there are some useful tools/indicators if you really want it to become easier wherein you just need to combine it to get the real movement of the growth rate and for me 4 indicators is enough. .. Yes that's true even you make back testing its very informative. Just imagine if you used two or three indicators and the results were the same, its will be effortless always when it comes making TA through the chart. .. but also keep in mind, sometimes indicators don't work well, so we shouldn't be too sure. and the most important thing is what steps we take when our analysis is wrong. all decisions depend on each trader and the courage to take risks. many people easily get profit on their trade, but few people are able to survive in the face of the market |
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A lots of market movement which is very hard to predict the right directions, I agree that books and videos can offer basis but it's not a sure deal that it will point you to right path in every trade that you'll going to take,
There are influence coming from different sides of this market, whales are still have a good hands controlling, though there are now good numbers of end users and investors which really a good news for this growing market.
Keep working with your knowledge and skills, enhance and adjust from time to time while you are still working inside this industry.
But that was kind of my whole point. Read the books and watch the videos. Gives you the basic skills and fundamentals. To use platforms, to use stop loss. Capital management and protection. Even maybe software that helps charting etc. But nothing and absolutely nothing gives you a good preparation for how ACTUAL TRADING looks and works on crypto. That is something every guy's got to experience for himself. This is very true. You can read all the books and watch videos, but when it comes to actual trading, the situation is very different. In some way, all those tips, knowledge will help you in strategizing how to optimize your potential profits. But the more experienced you are in this market, the better. As you have seen a lot of types of coins, you will know how to pinpoint promising projects or potential scams. It is not an overnight task but the longer you are here, the more tips and tricks you will learn. practice without theory as if we do not know what to do. indeed theory can be the basis for practicing real trading. and with this practice we become aware of the market's reaction when we use tips from a book. and over time of course we will understand how to treat the market in certain conditions |
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