If the theory that anything you touch would go down was real the clearest choice would be leveraging your purchases against yourself in a place like bitmex. You would buy bitcoin somewhere and before that you would put a shot future with high leverage as well at the same time and because you bought bitcoin the price would fall and you would make money.

However, since it is just a psychological thing and you never really know how much you are right and if the price would fall just because you bought is uncertain nobody really does that. It is a feeling and everybody feels that time to time, there are months or even YEARS without profit and than one day you make enough to recover all of it, that is why patience is the biggest key in bitcoin and all of crypto, be patient and you will be rewarded.

I still think altcoins are about to break up a big increase soon, I have been saying this for far too long and I know that it doesn't look like it will happen and many times when we said its up to increase soon and it dropped instead but how long do you really think altcoins can go low, it must be at some point an increase that would make it go at least 50% high for most of them.

I am not sure when and I am not sure how it will happen but I still think its quite damn near soon in order to break this bitcoin dominance, it went up as much as 70%+ one point and now its lower because btc went down but next time bitcoin goes up altcoins should follow it and make a good amount of increase as well, otherwise there are tons of them that will die and community can't let that happen.

I think this period of crypto has been in the past and not anymore. Yes there was a time when bitcoin was equal to drug selling and all bad stuff that dark net markets were doing and during those times people saw bitcoin as something illegal whereas bitcoin wasn't illegal, what people were doing with those bitcoins were the illegal stuff but it was so unseparable that nobody really understood it.

Nowadays, people know bitcoin is just a currency and you can make money with it so they see it as an investment nowadays and not a bad thing which created a wave of people buying bitcoins in order to get rich and that is not good because bitcoin is not something like that however if that is what it takes for people to stop seeing bitcoin as a bad thing and start seeing as a good thing than I am fine with it.

Just now I am checking and it is around 10k levels, in many exchanges as well. It just dropped a bit from 11k levels to 10k levels and that is not really a news worthy thing in bitcoin world. The price has trends which is basically what we call the walls and when there is a huge wall that doesn't allow bitcoin to go above certain levels and walls that doesn't allow bitcoin to drop to certain levels price usually goes between those walls and that is what we call trends.

Now, when people know these trends they usually sell at the top and buy at the bottom to make the most money they could from the movements, its quite a common method to make money and that is why we see these small ups and downs frequently. Until something huge happens there is absolutely no way to change this course.

Right now, we are again into the region of grabbing gifts. Still, I think there is an in between level from "holding long term" and "trading daily" which is "buying each month" which people do not really use that much. You could totally spread out your purchasing levels each month by diluting your purchase levels like buying 500 bucks per month. That is really in between level because its not as risky as buying all in and its not really as big of a skill related thing like day trading.

Hence, there is really a middle level that is both great for future and not requiring too much skill or knowledge of the market. You only have to have enough funds every month to buy which is normally a hard thing to achieve but you can deal with that by just diluting your current cash level by dividing that into 10 and buying for 10 months and if have some left over because of the price you buy more and if not you can save some to cover the 10th month.

As long as the outlook seems bullish there is really no reason to fear the bears if they happen, we have hit as much as 11.8k I think on this recent rally and now we are back under 10.5 already which is basically a short term bear like you mentioned however as long as that is the limit we fall into and not under 10k I fear nothing since it is easy for bitcoin to increase 10%+ and when it is high price that it falls like 10.5k for example that means we can reach to 12k or even above next time we rally high, however when it goes under 10k when we rally we stay under 12k, that is why it is important where it will bottom out, if it is over 10k then we gonna break a good wall, if it is under 10k then same thing will keep on happening time after time until it is broken.

Right amount of technical analysis is always needed, if you do too much of it you will be finding the perfect level of it and than go beyond it because you are trying to tweak and fix things that requires no fixing but since there are bear runs time to time you think the strategy and chart reading you did on bull run is better than the chart reading and indicators you did on bear run however the reality is that bear run one could be better but was done during the bear run which is why it looked like it wasn't that great.

Basically, if you do a moderate amount of chart reading and analysis you will be fine but if you don't do any or do too much than you are going to be going in there blindly without knowing what you should expect about the price movements in general.

Considering bitcoin is not something that is based on anything or backed by anyone in general it is easy to say that emotional has as much affect on bitcoin as technical one maybe even more so.

Because, after all the bitcoin price is what it is because we said so, nothing else gives bitcoin any power at all, only thing that makes bitcoin 10k+ or whatever it is would always be what people think it worths, we give its value not some country or some government. That is why I feel like (which could be totally wrong) bitcoin has more emotional and sentimental indicators than technical ones, since technical ones show what it "should" do but that doesn't have to be what it "will" do like the stock market predictions or forex predictions people usually make.

I think there are paid ones as well or rich people who are in one direction that wants attention so they can tell their direction as the good one and get more money. A whale in crypto world and CEO of a big crypto company getting attention is not new, plus there are a lot of people like Tim Draper or tom lee and what not that have been always bullish these are all predictions not because they actually predict it will go that way but because they are long on bitcoin and they want all of you to be long on bitcoin to make themselves more money.

Aside from that there are unknown people or people who are semi known in crypto world who does the same thing, hell there are ones that actually take out a small margin leverage before they do an interview and then tell their opinion to make more profit thanks to it.

It is really not a shocking thing that Libra wouldn't be rivals with bitcoin, it is not even about "is bitcoin better or is libra better" they are both handling different things from each other hence they are not really fighting against each other.

Bitcoin is literally a currency, you work for it and earn it and spend it for buying something etc etc and in the end there is really no way of saying bitcoin is backed by anything and it definitely is not, we are the ones backing up the price of bitcoin and nothing else.

Libra is literally a currency like thing where it is backed by whatever facebook says it is backed by and people can use it to send each other money and so forth, that is why I honestly feel like they are not even remotely similar things hence why would they try to be compared with each other.

I think it was a bit stretch if you ask me. I mean of course it makes sense and both examples and how they connect all looks credible but it looks like a bit fragile. I mean yeah we have forgot about the fact that bitcoin was suppose to be something we take over the financial fiat system and make a better future for ourselves and stop the greed of wealthy over the poor and stop the wealth gap and wage inequality where CEO makes 600x more than a worker.

However, that is something we have not actually have to remember or remind ourselves because we willfully moved to this new system since it was easier to actually make more fiat with bitcoin and live in the fiat world instead of make fiat world go away and replace it with crypto, that would have been a lot more difficult so we took a new path.

I think considering our economy is already fragile all around the world I don't see how bad it could be. First of all when you are moving from one system to another system it will always be a trouble for a while, even right now when we are dealing with bitcoin plenty of people lost a ton of money while others made some money which means when we are trying to shape our new economic system there would be a lot of bad stuff going on as well as good stuff and maybe bad stuff would outweight for a while but if we wait and be patient I am sure it will be much better in the future.

Hence, I think it definitely worth it and that risk we are taking will have some sort of punishment for a while however eventually the world will adopt and everything will go back to a better future.

So, if it goes beyond 13800 we can say that we are in a bull run and it could potentially go very high afterwards (at least to above 16k levels) and if we go below 9100 dollars that means we may be out of the bull run and a bear could start? That is kinda risky because we are literally right between those numbers, like literally mathematically we are in the middle of those numbers.

We have to check the prices a lot and know where we are at all times, I would suggest people to buy at 14k because if you buy at 14k the worst case scenario you will end up with 15k at least and make a profit, best case going above 20k of course, and also have a stop loss at around 9400 because if we go as low as that there is a big chance it drops even further so you would lose less this way.

Think about it this way and decide for yourself, there is this market where people with millions of dollars are putting all of their money on and it leverages it with maybe x100 or maybe less but they are making more than these people with millions of dollars who have leveraged their position up or down has the means to sell or buy more in order to increase the price or decrease the price to make even more money and their x100 leverages to happen if they want to.

Do you think that would shape the market? A person with means to make x100 more money with their money would do it? The answer seems obvious and that is why I personally feel like we are going to be at the hands of these leverage margin traders for a long time, hopefully it would somehow stop in the future but not for a while.

Absolutely none, bitcoin is totally different thing than Libra and they are not even close right now. Libra is a stablecoin which is based on the combination of some stocks and dollars/euroes facebook has that is basically backed by facebook saying "we have enough money to cover this" whereas bitcoin in itself is a currency and not a stable coin backed by anything.

It means people who want to use Libra will be using it for sending or receiving money using blockchain technology without a problem and people who want to use bitcoin will be using it for the improvements over fiat currency. Libra is just fiat currency but digital and backed by blockchain, its like a high end banking system nothing more, bitcoin is just like dollar, euro, pounds but digital and much better version.

I think the reason people think that bitcoin going up means altcoin going up is that one instance in 2017. Unfortunately you guys do not know that all altcoins were going down before that and when bitcoin goes up altcoins go down was the standard for crypto, only in 2017 December it turned to everything going up because it was a surreal hype time where millions of people came into bitcoin world but that was just one time.

Right before that 2017 December peak, for example, in summer of 2017 there was bitcoin cash hard fork and because of that everyone moved to bitcoin since they wanted to get free bitcoin cash which is why altcoins dropped like hell I remember very clearly. So do not think that everything goes up together, that happens very rarely, it is usually bitcoin up altcoin down.

Crypto currencies tried this before and it didn't work out that long term, there was steemit which actually made everyone write a ton of stuff and there was a whole business built on it but it didn't work out as much as people hoped for, after all its still money spent and people do it to get it back and they are building portfolio but in the end they will stop spending money and it will get lower and lower.

Same with this one, you can earn it anyway you want but when it comes to spending everyone will want to spend it on whatever they want and not give it to other people, that makes no sense. It will definitely work for a while, it will be interesting and definitely worthwhile for like a year at most but after a year (probably quicker) it will stop being worthwhile.

I am still considering a sort of automatic system, I don't know how it would work but maybe we could make an automatic system where some AI predicts if a person is worthy of a loan and there would be collateral aside from money as well. Like right now, you give 1200 dollars worth of ethereum and get 1000 dollar worth of bitcoin and that is called a "loan" in crypto world, I don't really want that type of deal, I want to be able to make a system that would allow you to give other stuff.

For example, have some partnership with gaming websites where people buy skins and accounts and so forth, after that deal when someone wants to get a loan they will give you their gaming account in full control and then if they fail to pay the loan you sell it with your partnership of that gaming website. Same with social media for example, people can give their instagram account as collateral or whatever. Basically digital stuff not money could be done too.

I think there are collateral stuff going on and that is not remotely like loan just now, lending is not working like it should and it is very risky for people to give out loans for now. However the moment people realize that bitcoin is something that can be taxed in some countries which makes it money we will start to realize that we can make contracts for loans as well, it is too expensive and makes no sense for now but with time it will happen.

All you have to do is prepare a document, go to any "crypto bank" you want that gives loans and lender will make you sign that contract that states you will pay it back, if you fail to do so then you will be facing some bankruptcy law just like regular loans, hence crypto loans can get legit as well. It will just take some time of course, like any new thing.

I think the main difference is the fact that the investor is not happy with how much money he has and the common man is. Right now the biggest mindset is that we all know the fact that in this life if you do not have enough money you are just another statistical living thing and you have absolutely no difference in human history then a pet dying, maybe some people mourn you after you die (though people mourn pets too) but in the end 200 years later nobody will even know you existed, how many people remember their great great grandfather right now?

Almost close to zero unless he was a known person. That is why if you want to make a name for yourself you have to be rich, you have to be powerful and that power comes from money most of the time. Hence we are not happy with what we have and we want more.