There is actually a reason the ignore button was added to this forum anyway and I wonder why a lot of people do not use them.

Most people derive pleasure in spreading FUD, I really do not know why, but I am sure they must be so negative about everything that regards them, which would not really make me surprised. Even when people were buying stocks in Apple, these were the same people who would say, no, don't buy, you will get screwed. At the end, we will end up seeing who gets screwed.

The problem a lot of new investors make is that they spend too much time on things they should be doing last or not even bother doing at all and then leave the most important thing they are supposed to do first. I care less about whitepaper. Once I go through the website, all I want to see is what you have and what you want to offer and there goes my main target which is the team.

I do not need team members who obviously just opened a LinkedIn account, I need those who have achieved and I send them messages directly on LinkedIn ask them some questions and see if they are for real before making a decision. Who even read whitepapers these days?

One way people console themselves with when it comes to gambling is that it is fun and you should see it as a game.

Yes, in a way, you can use it to unwind when you feel you just want to be around some people who share the same view with you regarding gambling (talking about real life casinos), but in the literal sense of gambling online, it can be boring, so what is the fun in it ?

I have thought about this though several times, so let's face it, everyone gambling online is always busy looking for the extra money they are going to make from gambling which we all know it is something hard to get. So really, why not just play game, it is even more entertaining.

You need to take it easy bro! Even though I cannot tell you what to do with your time, but I really hope you will not end up finding a bad reason not to have to stop, and stopping when it gets to that stage can be a very difficult one to overcome. I used to be like you, it ended up not being funny and I just do not know, gambling at that stage that you are so into it, will always have a way of pulling you back every now and then even when you know you should get out.

Everyone is patiently waiting for the recovery anyway. However, one should still be careful of the alts one will be investing in right now and should rather put it in a strong one. I do not know much about Ignis anyway, but I hope that you are on the right track as I have mentioned above. It is a wide market correction and once bitcoin recovers or shows sign of bullish run, the whole market will definitely have a huge comeback.

No. We may see that altcoins may fall when bitcoins find recovery. I am expecting bitcoin alone to get pumped in coming days which may includes downfall of few major altcoins.

If the curriculum limits financial education to a particular set of professions, I guess that is where a lot of people will just need to have business managers or probably just have to go learn it on their own. It is perturbing though as that has really affected the society and a lot of people keep complaining and not knowing that the little knowledge they can get from this can give them financial freedom, but ignorance just as the OP said, is making a lot of people perish and wallow in their poverty.

It is a just a general rule of the society we are living in. Nothing special as the rich would always keep getting richer. They have the funds, the capability of not mincing anything when they see an opportunity. For example, you have that little signature which you are hoping that when you are paid something from it, one day, it would grow and give you something substantial to at least live well. A rich dude, will not think twice investing something you will never be able to get from that signature and even get more in return later on.

Probably it is a crazy society, it has been like that from the onset, and there is really nothing anyone can do about it but to keep working hard and smart and hoping that the luck of wealth shines on him or her.

The rich have enough to invest and keep making themselves richer, and vice versa. That is the world we are living in. Except for those born into wealth anyway, which some of them do not really know the value, some of them worked their arses way up there, and I am sure they do not have two heads.

Simple! This is more like even trying to day trade anyway and there is no way for a decentralized market such as this, at a point, emotion will not step in for such individual.

For someone who is not a learned trader, which obviously may not do something like this anyway, a non-learned trader will end up fumbling up badly eventually, as this is more like trading without any serious strategy or understanding how the chart and indicator works, and only relying that every day, there will always be a margin of $500. What if it does not ?

I do not even expect a true believer who got into bitcoin for the right reasons should have any reason to panic at times like this. The long term is what matters the most. Yes, it can be devastating seeing someone's funds get dashed like this after buying at the top, but it is always a lesson learned not to join the band wagon FOMOs at the top, but the crazy thing is that at some point, we have all been there except for the very early adopter of course.

Asides from underestimating the amount of coins some of these whales own, it is bad underestimating the level at which they can go with manipulations to get a whole lot of profit. We cannot play against them and the only thing we can do is to react with the market and think like them. They read charts like they are reading human emotions, and they have always known how to play this perfectly well.

Manipulator is not one, not even two, but they call them institutions. Group of whales who derive pleasure in manipulations for their own profit and then play their game on weak hands while the swim in a lot of money later on. It is obvious and only few can really know that.

Good stuff that you have written though and this should throw some light to some people on why they really do not need to panic in this kind of time.

Lol. Gosh! I have been so happy about this for a while myself. No issue of long transactions or huge fees for transaction and it is more like a peace that we have always been experiencing before for a while has just decided to surface again. I am sure it won't last, but there is always a positive thing to everything that happens. For now, low value to buy more, lower fees and faster transactions, come on! These are sweet things for someone to just discard.

Isn't the fact that we have a chance alone to buy at a very low value something positive ? So many people have been complaining about bitcoin being too high to buy; now we have the value lower and then people are still complaining ? Everything is still good, FUDs are general to shake weak hands off the market, we already know that, but at least we are having a peaceful transaction and more to hold for the long run.

Sometimes, patience works for those who are doing long term trading and at least they are sure they have entered at a very good position. Better still, I will say the lack of strategy is what has led the funds of some traders to their early grave.

Okay, taking a look at the chart example that the Op gave as I was in this trade as well. Someone decided to trade a breakout and then it ended up a fake one, it is always good to know when to stop your loss and wait for a better position to buy back in. Take a look at what patience would have caused the person holding from that top.

That is usually the best thing to do in moments like this.
The whales will always want the common people to panic and instead of seeing it as an opportunity to buy more for the profit, a lot panic and sell to them at losses. Doesn't that suck ?

The thing is that this is something that has happened before and it will happen again, so instead of sweating from panic, just take your popcorn and keep seeing all the movies going on between the bulls and the bears and know the right time to enter when the fight is done.

If he is holding, he should even be smart enough to hit the exchange and dump it when there is still a chance to sell it to whoever wants to hold it. A time will come when whoever is holding it will just be bag holding a shit coin with no one to sell it too, unless he is lucky to get this entire pump and dump groups to sell it to, and people are even getting wiser with pumps and dumps now.

He better does not deceive himself. That is just a strategy to give hope to those holding them. They are dead, they have no community anymore, anyone holding BCC now is just bag holding a shit coin and at the end, it would only become a pump and dump coin. So, my advice now is that if he is holding, he better just buy another good alt now with this dip.

Even the crypto enthusiasts in China care less about the whole shit being done in their country.
You think if I am a Chinese, and I have a lot of crypto to cater for myself somewhere else where it is welcomed and accepted, I won’t just move away from China ?

Bitmain right now is having subs in countries that appreciate what is being done and see it as a welcome development and not a country that wants to frustrate the effort. At the end of it all, China will be silenced.

Just because the market value of the bitcoin is getting low with every passing day does not certainly mean that it will end soon or bitcoin is going to close its reputation. The fact is bitcoin will remain the strongest crypto currency in the world for a very significant period of time and it will keep ruling the crypto world. We need not to be worried about the future of bitcoin and other crypto coins.

I am not finding any difficult in speculating the future of entire crypto world. We are going to have strong bitcoin regardless of recent corrections as everyone is aware of how usually crypto markets are fluctuating. Surely by end of this year we will again have bitcoin prices with new ATH.

Just simple! Functionality of a project or the team behind it is only a strategy for someone who wants to invest fully in the project for the long run regardless of all the ups and downs that happens in the middle, which to me is more like having a stakes in a company. This does not have anything to do much with trading strategy, unless you just want to be careful of the coin you add into your trading folio, and basically staying off shitcoins with no serious community except a pump and dump market.

Maybe this will make you feel better. I remember one of my cousin buying bitcoin around $4000 before the whole China crazy ban of ICOs which the whales decided to use to create panic in the market and caused some dumps in the market, he really wanted to sell for loss, but to encourage him, I gave him the exact funds he used in buying them and told him to transfer the coins to me which he did.

Just some few days later, the market recovered, moved past what he bought initially and he ran back, begging to give me those same funds back for his coins which I did because I needed to prove a point to him. If you are holding for the long term, just be patient and stop worrying yourself what is presently happening in the market, most especially if you ended up buying at the top, joining other FOMOs.

Compared to develop the countries, bitcoin must be a blessing for the people who are not having stable economy. Many African country people are forced to use US dollar as they are local currency is getting inflated enormously which is leading into decreasing of their currency's buying power. When they will be using bitcoin, they can be sure about their hard work will not reduce overnight so that they can buy for the money they are actually owning.

Bitcoin must be useful for all the country people at the same time we cannot expect the governments to support bitcoins. We need to plan up based on the regulations where we are living also making use of the most of bitcoin is purely depending on our knowledge about how we spend/save bitcoin within our country and its situation.

Fundamentally no currency in this world as its intrinsic value as only government are providing some value to their currency. So, the do not need to confuse about virtual money based on how the currency is getting its value.

I mean to say it virtual money can be defined a money which is not having any physical form but having all the properties of traditional money. A virtual money can be an electronic money and it must be having all the buying power of what is a physical money is having.

This definition may differ for persons. But, a virtual money must be used to for all the purposes what a traditional money is meant for. Otherwise there will be no point of calling it a money.