Try out this strategy, strike things quickly out of your need/want list and be content, so they no longer become a problem and hindrance to your plans to save/invest.

If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.

If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.

if you plan to buy a home equipment, electronics or furniture,  and it is super important to you and your comfort, buy it and get it off your list.

The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.

I doubt October is the month we all waiting for, the total market dynamics don't go in up direction for the last 2 weeks. Small corrections towards ATH for BTC don't mean it will be the same for the altcoins, alt season may happen after November.

I'm also struggle with this very problem, ofcourse we don't know how deep is that dip we're waiting for or is it a bad timing to buy now? And I can't see that certain dip we're looking for but what I did is I choose what dip I can afford and then wait when that price comes, until then that is the time for me to buy. It's also the same struggle for "when to sell" because as I said we won't know unless we have that certain amout we project.

And what I learn is it's never too late to buy any coins, you can start portion by portion until you can afford more. Don't wait for that dip because if you buy now then you're already starting to profit rather than waiting for that dip to come and eventually miss the opportunity.

I would prefer to hold Bitcoin after evaluating the current scenario. It’s getting famous, its acceptance is increasing, and it will be the mode of payment for many things that we buy through fiat currency. So why would I sell it? All these activities will eventually increase Bitcoin's value.

I went out of my way to get trained for Forex by a renown exchange called Alpari and that training has really helped me over the years because I have made some money from the experience gain via the training. Coming to use the experience of forex trading in crypto currency has really made it easy for me since there are some how related.

actually from this forum you can also get many lessons to teach beginners or you can also invite them to come to this forum, all beginners can ask anything in this forum to get answers from experts, usually the first thing that needs to be taught is how to prevent beginners so as not to be trapped by fraudulent investments and always prioritize research before doing anything

Yes, and these people are looking for quick money, which is the primary reason they fell victim to a scam. They are putting their trust in those who offer high returns and passive income, and as a result, they get scam. Well, they are just getting started in the field, so we could say that they are just getting their feet wet in terms of investing. Now is the time to advise and guide them on where they should not go with it. I have also informed my family and friends about something that I am aware of in order for them to be aware of it.

If you are going for a long term trade then why do you need a stop loss? You can use stop loss for trades when you do an analysis it's like a safe net for a dump it's actually an optional but it was highly recommended and very powerful tool in trading. If you want stable coins then you can just leave your money to stable coins such as USDT, DAI, BUSD and other stable coins that is not volatile.

So I keep hearing HODL, HODL, keep holding and all that. My simple question to everyone is "when is actually the right time to sell Bitcoin or we don't ever sell it"?

 How then do we say we have made money from it if we don't sell?

I have seen this kind of argument that just because the price of a commodity is high means that it is a great investment.

To a certain extent, a high price often means that investors have faith in the fundamentals of the commodity (For example, one of the most expensive shares in the American stock market is Berkshire Hathaway, which has consistently outperformed the S&P 500 since 1965).

However, there is the potential that high prices don't actually show genuine interest in a stock, but rather frenzied speculation on a commodity that has poor fundamentals.

A prime example of this happening was at the dot com bubble in the early 2000s.

What happened was companies that were, to be frank, pretty shit had managed to get multi-billion dollar evaluations because investors believed that the internet had fundamentally changed the business landscape forever.

As a result, people quit their jobs to trade full time, media stoked up the desires of getting rich and everyone believed that this gravy train will carry on rolling on and on forever.

Then the combination of increased interest rates, the majority of the aforementioned companies burning through cash and investors becoming aware of it all lead to the technology and by extension the entire economy to collapse while a few key members making big money.

This entire situation was the very exemplar of the title as companies that had billions of dollars turned out to be worthless at the end.

Be vigilant.

Absolutely right. Bull runs come and go, we should plan well in advance to book profit before it lasts. I think the Bull Run in Alts is still in the middle and it will continue till January,2022 if Bitcoin remains above 60K during this period. The major Indictor of Bull run in Alts is Bitcoin Dominance Index which is still higher ( 44% ). The Bull run in alts will go in full swing once it comes below 40%.

Hi, I'm just trying to plan ahead here and assuming that we are going to have a bear market at some point in the next couple of years, I would like to try to put my bull market profits to good use. I was wondering what is your strategy to continue making money when things turn bearish?

Whether it's shorting, leveraging, trading, earning interest, finding hidden gems, longing coins that perform well in a bear market, investing in gold or the stock market or anything else, I'm interested to hear what strategies you are planning to use and how you are planning to execute them in order to continue making money. If you made money during the last bear market I would be interested to hear how you did that as well.

Thanks.

We wont really able to determine if its already altcoin season or not because we could only know if its already happening but before that then theres no

way you could able to predict on when it would happen.We've seen that trend do changes in between Bitcoin and altcoin which means that
it wont really correlate from time to time.

This is why setting up yourself or positioning will really vary on someones risk taking factor and the rest will be basing on their intuition
and some basis.

Why do young investors prefer cryptocurrencies? Or, to put it more plainly, why do young people like crypto speculation? In the public eye, the phrase “crypto speculation” is often associated with negative implications such as “radical”, “high-risk”, and the “ambition” for getting rich. However, the preference for cryptocurrency among the young seems to be unstoppable. According to the latest report released by Crypto.com, in January 2021, there were 106 million crypto holders worldwide, and the figure has surged to 221 million by August 2021, compared to only 66 million in May 2020. The doubling of holders during six months shows just how popular cryptocurrencies are.

~snip~

Here are the pros I could sum up:

. First of course is the bigger market exposure. It seems like the right time to cash in on the crypto market, and for many beginners with limited capital, leverage seems to be the only option.
. Lesser risk when you set tight stops and trade smaller amounts. You don’t risk all of your capital and as you gain experience, learn how to navigate the leveraged trading market.
The biggest disadvantage obviously is the extreme volatility of the market which can magnify losses as much as it can increase profits through leverage.
How many of you here are using leverage to trade crypto, and how much, and through which broker? Let’s bring to light the many unknown aspects of crypto trading, besides what is known - that you screw things up when you don’t understand technical analysis and blindly enter and exit trades.