its actually a good decision to convert link into bitcoin but not on this situation mate. Because as you can see the market is still red and most of us that keep holding are still at loss as well, So think about it!

And for sure if you are using non custodial wallet you need to pay a fees in it for converting if i'm not mistaken.

So in my opinion waiting for the right time will be a good idea, wherein no need to rush.

for your information mate i've been learning the graph of bitcoin since the downtrend. And before month of January ends bitcoin is gradually recovering because it's already respecting some key levels which is the demand zone, and all things is a positive sign because of the structure of the candles and etc..

But suddenly when that news from Russia and Ukraine emerged bitcoin suddenly changed direction this month of February wherein the price show a declined and tends to restest on the demand zone.

So it's impossible that they are not the one who can influence bitcoin right now, because to be honest panic selling and decline happens only when there's a negative news..so in my personal opinion i don't think that there's another reason for this situation.

i think that's not the proper way to introduce trading.

And i suggest to advice them to use paper trading first before anything else so that they can build strategies and control their emotions before trading live.

I mean instead of using real money to practice trading because it can cost you alot.

And to be honest lossing money in trading is very normal wherein even professional traders can experience such situation, but with a proper risk management and enough knowledge they can minimize losses and still making good profits!

So i suggest mate.. Tell them to use paper trading and not to risk real money to learn trading..

To be honest OP ever since before i don't have trust when it comes such signal channels for crypto trading because most of them don't have any good explanation when it comes buying a coin in a particular price, wherein they just keep sending signals. Lol

And most of information are copy paste from some traders around the internet reason most of their signals are late and not accurate.
So i recommend to make you own technical analysis and etc to prevent false information..

I feel you mate because it's really hard to see most of our investment are really decreasing value in such situation especially if the situation is getting worst.

But we still have chance to regain our losses as long as we keep holding mate, so i suggest don't sell because as usual these always a temporary situation as it's part of the cycle of the market..

And base on your question "why most crypto is decreasing especially BTC and BNB."?

well basically bitcoin is one and only coin that has largest market cap in the market reason most crypto in the market are affected on its situation.so don't be surprised anymore.

That tension between that both country is really makes holders panic selling to be honest, wherein even though Ukraine and Russia just started legalize bitcoin few weeks ago.

And i'm not really expecting  that its possible to happen in bitcoin, i mean for a new country that just started the adoption and because of their personal issues as well it caused bad results on bitcoin afterwards.

And lastly the question is, why the whole market is very affected.

Correct! Let's bear in mind that it's always too good to be true when it comes buying and holding.

And we need to make our own way when it comes analysing the graph instead of listening to those crap content creators in youtube because most of their information is to gain views only not for the safety of our investments.

Let's just be practical as well to prevent risky situation and in order to have a good return after all..

Using too much exchange isn't necessarily mate wherein you must choose which one is good for you.

As a trader in my personal opinion the most important is "fees and security " and you don't need more exchange to day trade because indeed most cryptos nowadays are listed already in some popular exchanges..

Probably i will gonna use another exchange but to check their order book only to see the volume of my trade if it's accurate with the one that i'm using because it's a big advantage as well to see if the coins you wants to trade is really bullish or bearish..

Op don't based on what's the consumption of bitcoin when it comes mining because that's not how it works although it can affect the price in the market because of some factors but that's not enough reason to underestimate bitcoin.

infact despite of declined of such activities bitcoin still  gaining more attention based on its price in the market unlike altcoins...

So i don't think it's a good idea to choose altcoins than bitcoin because of such reason..

I don't know if its a good recommendation because for sure not all people can do such stuff.. Even me  

For me in my personal opinion probably making a list to buy at the dip will be a good idea rather than what you've mentioned above because surely i can make good return after all. Lol

Actually i've been looking for an accurate strategy when i was new in trading and i want to apply all of it because of mindset that i can make good results on that way.

but unfortunately i always ended losses after all my efforts.

So i realized maybe not all strategy is suitable for us., i mean we need to choose which one startegy is more effective and forget the rest.

I tried scalping but failed , and also reversal, and break out but failed again.  

wherein only flag pattern and wedge give me a sign that i can make good results in trading..

So decided to focus in it and take screenshot always after winning to remember the same pattern ..

Until now i don't place trade if there's no flag pattern or wedge pattern..and you know guys most of my results are very very nice.

So guys must choose a good strategy for you as well if you really want to become comfortable in trading and also don't force your self with a strategy that cannot even give you good results.

Stop assuming that having a lot strategy can give you a lot of money  as well because that's not true!!

i agree. And infact even you make research about that Storage X wallet there's no information that can be found in the internet..  

So it's a big question to be honest how OP ended up to that wallet at the first place and what comes to his mind to store that kind of amount of money "600usd" for such type of wallet..  

True! But sad to say most people are really blind when it comes trading, i mean despite of losses they just keep following their emotions because of greediness not knowing that if they continue the same way they can always burn their money afterwards.

They don't even think to take paper trading first to ensure when they trading live all situation will be fine
instead they preferred to take all the risk.

Negative news can always give an impact in the market mate, so expect bitcoin will crash more within 2 weeks because of that reason..

Infact the market percentage of bitcoin nowadays is still really bad which is down by 15%. Its surely can cause panic selling wherein despite of the current situation of the market.

At first when i look the design of the website Manlytoken, its actually not convincing that project has a good team behind.

But yeah they have good plan in their roudmap in my view and has white paper also which is very essential for a crypto project..

Their next step will be on CMC and CoinGecko which a good decision because surely after that listing they can obtained more attention.

And  to be honest a token with low market cap is very skeptical to invest, i mean it's gamble.. so they need to keep working on it if they really want to get more investors on that project.Because market cap is everything as well to be honest..

Don't underestimate bitcoin bro because everytime when the value is getting cheaper its getting more attention as well from some big investors reason after bearish season there's always a massive demand in the market.

Just don't base in it's situation because that's part of the cycle in the market. Take a look on the graph instead if you want to make a prediction..

impossible, because to be honest i never saw people wasting money when it comes gambling wherein without any intention to double their money from it..

 Actually i have friends that playing online cock fights and their mission always is to win to have big rewards..  Its all about money bro..

So its impossible to be honest that there's a gambler that playing for fun only.  

 

Bitcoin is not part of their problem to be honest, and obviously the reason behind of this current situation of the market is because of some false information from such issue wherein many people keep posting nonsense about bitcoin from that war and etc.

Indeed bitcoin should make a good improvement after implementing as a legal. But unfortunately it seems it might not affect right now because of some false information that keep intimidating all crypto enthusiast to enter the market.

Coinmarketcap just telling the percentage of bitcoin wherein not showing the whole structure of bitcoin if there's a potential of good improvement in the near future or not.  And such percentage can be change into green without any sign to be honest..

But yeah let's all be positive because these current situation is surely a correction only, infact it is already makes an improvement after it fell back to 30k which now holding  current price in the market which is around 40k..  

Actually i already made a speculation on its graph and i am very positive that bitcoin price will be 50k march or april.

yhup when it come decentralized they should know how to prevent some bad activities before implementing it as a legal within the country because it's not possible to happen to be honest as it's so easy to used to any crimes and etc, and yes bitcoin is very common when it comes to such reason even before so it's their consideration to fix what will be the results.