I think old money coming back in could be the running method for us at the moment. There was a lot of money in the bitcoin world that got out, most of it found its way to stablecoins, a lot of it also went back to bank accounts as well. We do not need fresh capital alone, that would be lovely of course if it happens but also we need to have all those people who left crypto to come back and invest again. That would make it a lot more possible and profitable without a doubt.
Basically it is not that easy but it should be possible and could make it work a lot better as well. I hope that it gets to a point where we could see how profitable it is to just get back in after leaving and those people will do that in order to increase the price.
This is definitely the way to start the bull run without a doubt. Of course we would need new people and some new money, but first to start that bull run we need people who was already at the bitcoin world and then got out, that would be a lot better without a doubt. If you could bring back all those billions and billions of dollars back to the market and make them buy bitcoin then you are going to see bitcoin price increase insanely high and you will make a lot of money from it without a doubt. I get that it will not be that simple, but it's not going to be that weird neither. I hope that it gets to a point where we can see the situation growing better. Get old timers back, and you will start a big bull run, that's what I think. |
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I think patience is quite influential, but it is something that is difficult to apply, because one's emotions are quite difficult to control so one can lose patience, and it is true that many non-technical factors affect trading and the biggest ones are greed and emotion.
But technical is also important, it is the part outside of the actual emotional influence to be able to control it, but apart from personally I think before trading we must be prepared to control ourselves from all negative things to avoid losses.
Emotions are easy to control if you know any method or studied any psychology. I can tell you that I have a breathing method that calms me down whenever I feel any emotions, I just rid myself of the emotion of that moment and make sure that I am at a reset point and feeling nothing. I know that sounds like a big thing but believe me if I can do it then everyone can. I used to be a lot more angrier person, I used to be someone who constantly cursed and yelled and angry all the time, so I had to change who I was and now I am much calmer and much better person or at least I try to be a much better person whenever I can, and whatever I can do to be a better person I try to do that. If I can, then you can too, just work on it. |
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If you look at the Bitcoin chart on Weekly Timeframe, it surely looks very dangerous. It's about to hit the Trendline which is acting as a support since the start of the year.
If it goes below the trendline, you can expect upto 25% discount on Bitcoin price which will bring it down to $21.6k and if it doesn't, then $41k incoming.
What do you think is gonna happen?
These things are not "dangerous", people should stop talking about price drops as dangerous or even potential of price drop as dangerous, it's not. It's only a natural part of the crypto world and in fact any market in the world, all markets end up being down and up in turns. So when the price goes down, that's not a dangerous thing and we should not be considering it as a dangerous situation, it should be received as just a normal business day and that's it. I understand that it may or may not go down more, and it has gone down some already, and that makes some people fear it, but don't be, because just as it goes down, it will go up and there is nothing to worry about it at all and should be considered normal. |
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I overheard my coworkers discussing the idea that new investors in crypto cannot make profits without possessing trading skills. I would like to initiate a discussion on whether this claim is true or false. In my view, this belief is a false notion that is spread by individuals who want to discourage those who are curious about investing in crypto. What is your perspective on this topic?
Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
Guys, I mean what other ways will benefit newbies from crypto investment without having to be a sunburgean in the sun or a professional businessman. Because I believe there are other ways to earn besides trading. It is valid and it is true that when you have no knowledge of crypto you will not get a future income. It's just like that, but you'll be a driver if you don't know if to drive a car? You should train or find out first and study these steps. And then you apply a license if you know how to know, just the same in Ceypto Trading when you find out, first find out the coins you are going to sell if you really sell it This. This is why people should learn how to trade but the question here is that if it's true or not. I feel like it's true but it's not as true as people think it is. What I mean by that is the fact that there could be rare cases when newbies could make money by getting lucky as well. Look at the most earned coin of the day, even on the worst days there are some that went high, and there could be a few newbies who got lucky by having that. I know that the odds are low, but it's possible that something like that could have happened. I believe that's the difference here and that's why there is a big difference. I believe that we need to focus on the majority though, and most of them do not make any money at all from trading. |
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Yes it is true that the WOF round depends on luck because without that it will not be possible to get the big prize, we will never know also that 3k ticket results in the WOF big prize or not, I have not found at the moment there is an Iphone and Rolex winner from the WOF round who knows who's lucky to get it I haven't really found it in this thread. maybe someone has got it but not part of this forum community. we'll never know
I'm sure that even though we have a lot of WOF collections we don't necessarily get big prizes, even if it's just one prize, for example GT, because luck doesn't measure how many WOF rounds we have, to be honest, I personally always play WOF every day so for me it's it's more useful for me to play right away than waiting for it and in the end not getting a big prize either. it looks pointless
If I can get an Iphone or a Rolex, I wonder if it can be redeemed for a satoshi gift only because I need more satoshis than the Iphone or Rolex. But as we know, getting prizes like iPhone or Rolex is also very difficult because it depends on our luck. And like you, I haven't found anyone lucky enough to get the iPhone or the Rolex. Hopefully, we can both get it. You get a Rolex and I get an iPhone  I didn't think about the main prize. After all, it was so difficult that I only played the WOF because it could add to my other collection. And when my WOF reaches a certain amount, I'll play it and see what prizes I get. I often get satoshi, RP, or something else and it's been better for me. As far as I know everything can be turned into satoshi and not get the real thing, you could also get the real thing as well if you want to, that's totally up to you and there is nothing wrong with doing that neither. When you win, you just pick whichever option you want to pick and that's fine. Lambo winners do that as far as I know, not sure if there was any lambo winner that actually got the lambo, makes no sense to do something like that because of taxes and all that, they usually all pick the money which would be 200k the money that car is worth and they actually make more profit, plus they can keep it here and get 4% as well which makes it 8k and with some fun tokens you could make it as high as 10k a year, a ton of money. |
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My friend is one of the people who believe in conspiracy theory, so he doubts that Bitcoin is decentralized and believes that there is a party or country behind it. Don't blame him much because he does not know anything and yet but willing to learn, such people cannot believe there is a way to achieve decentralization than the normal centralized way the government and other institutions controls us abd take custody of what belong to us I do believe that there is going to be something that will change eventually but I think it is going to be not what we expect. Bitcoin is a strange world, the regular life doesn't matter here and what you have seen so far in life may not be what you see here. I mean when something drops 10% in a single day or goes up that much in a single day and nobody reacts and considers that as a normal situation, you realize that you are in a different place. Sure, due to inflation we have seen those things recently but that doesn't mean that we are going to end up with being used to it right away. This is why there will be a lot of debate about a lot of parts regarding bitcoin, from decentralization to fees to miners to many other things. |
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Absolutely right! Even though, if we let our reasoning run its course, criminals employing Bitcoin for transactions aren't fundamentally different from those using USD for other illicit deeds. Bitcoin receives a disproportionately critical treatment from the anti-Bitcoin faction, as if every new currency launch is preordained to garner their disapproval. Yet, the disparity with the USD is minimal.
For any currency is inherently susceptible to exploitation, and Bitcoin lacks the agency to pick its users; it's the users who choose Bitcoin. It's grossly unjust that this constant negative framing is consistently aimed at Bitcoin.
Remember! Don't forget that the whole point of Bitcoin is to be this alternative exchange tool built on the concept of Blockchain. Whoever uses Bitcoin for some weird stuff, well, that doesn't actually change the core purpose of Bitcoin as intended by its creators.
This has been the most important part of it all. I mean before 2008 when bitcoin was invented, didn't we already had crime? So much so that we had criminals with billions of dollars as well. This means that bitcoin didn't change anything, criminals are still criminals and there is nothing we can do to stop that and should realize that this is the only way to go. I understand that it may not be the best thing in the world to have this but that's just the reality we have to live with. I get that people are living in a different world nowadays and it will not end up being any good, but as long as we end up with a good result one day, that's going to be something I could see no contribution from bitcoin at all. |
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Can you please help with any Altcoins that coins that someone can invest on in this particular time.
Ethereum is the right choice of altcoin to be used as an investment, because I believe the price of Ethereum will definitely increase very high when a bullrun occurs, so you will get a lot of profit from investing and holding Ethereum at this time and selling it when the bullrun occurs, so don't let it you missed the current opportunity to buy Ethereum before the bullrun occurs. When you click a coin in either of those websites, you are going to end up checking the chart and a lot more data as well. When you do that, you are going to face with something that will benefit you a lot, which would be the information to the most smallest data you can find, because CMC and CG both have every single detail you may need, or not even need all in there. Then you can compare the data of the coins you are checking and decide which one deserves your money and which ones do not. When you find something that will benefit you, then you are going to do a lot better. This should be the most important thing and you could end up with a great profit when the time comes. That's just me though, not sure if people do the same. |
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Memecoins don't tarnish any crypto image. You can hate them for all you want but their presence provides hype and excitement in the industry and invariably help draw the attention of the public to cryptos. Yes, we know most of these memecoins later become worthless but that isn't before it leaves some wealthy as it leaves others poor. Those who are usually trapped in losses are those who think they can turn the worthless coins to Bitcoin in value. If anyone has to invest in memecoins, they should know they're short term investment; usually a kind of "hit and run" thing in my local parlance.
I think that's the problem, it shouldn't really create hype, do people get hyped about tesla stocks? I mean maybe but not the same way, there is still some logic behind it. The fact that memecoins are there so that people would have fun doesn't make any sense to me. It diminishes the value that we created in the crypto world, we took bitcoin from "drug dealers use it" and "it's fake money, you will lose it all" and made it into something that is "the huge billion dollar companies started to invest into it" and "even nations are making it legal tender". When you take sometime from that low to that high, that means that we did something right and memecoins are taking it all the way back to "this is fake money and you will lose all of it" very quickly. |
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Before now, I've seen some forum members argue that bitcoin is not meant for everyone.
However in their own right, they have some point, but on the other hand, let's look at it from this angle.
Yes. Bitcoin for everyone created by a very visionary person who is able to provide space for freedom through decentralized ideas. The people you meet say bitcoin is not for everyone, that person misunderstands bitcoin and you should stay away from associating with them. You, you and anyone else may receive and own bitcoins as long as people have addresses and wallets as places to store them. Everyone has the right to use bitcoin and has the right to make transactions on the bitcoin they have. Stop thinking narrowly when the world is getting more advanced with various available technological sophistications. I think he misunderstood what people were trying to say, that's the problem. It is for everyone, and we can all use it and there is nothing wrong with that, I think what he is trying to say is that it's not preferred by everyone. The logic is that some people may say "it's not something I like" and that means it's not for them, it wasn't made for them, they didn't like it and they do not want to get into bitcoin, that's the meaning behind not for everyone. That is what people usually say, if you like and enjoy it and invest in it then it's for you, but if you dislike it and not really enjoy it and all that then it wasn't meant for you in the end. That is the type of situation we are having right now and could be considered as well. |
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Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. The relevance of the bitcoin price will touch $100,000 because it is based on the previous ATH, so many observers try to predict that the bitcoin price when it reaches the next ATH will exceed that price. Regarding the ATH prediction, it's not about whether it's accurate or not, but trying to match prices at the previous ATH with predictions for the next ATH price. Even weekly monthly or period predictions are not necessarily correct and I still remain optimistic that when bitcoin reaches the next ATH we will see a price of $100,000 or at least be close to that number. I feel like if we could do like another x3 from previous to next, then it will be about 200k give or take. That should be more than enough if you ask me and I think it would be a reasonable expectation as well. I know that people are expecting a lot more, but the reality is that we are not going to get all that much more, that's the max I am expecting. Because in 2017, it reached 20k and in 2021 it reached 68k, if we look at that increase then we can say that somewhere near 200k would be a realistic one. Doesn't mean it has to be like that, maybe I am wrong and it could change a lot more or even a lot less, but that's what I am expecting, it could be done. Which means we have a chance to make x7 profit in 2 years if we buy and hold. |
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This is mere predictions, and it is advisable not to depend on prediction or assumed situation more than a proven fact, because they are not certain, with my understanding Bitcoin pumps depend on the people that are actively in it's participation, the demand for this digital asset also control the price, what is the exact number of persons that has adopted this currency including institution and countries I think they are still few, I don't know how it is going to hit high, I have thoroughly involved myself in versed research, I was able to find out that individual holder will determine Bitcoin pumps, so the question is who is ready to hold for a long-term, if you are the one, then you should know that, the future of Bitcoin depends on you.
Obviously it's just a prediction, nobody can see into the future, and we can all make a prediction as well, I am guessing that the only reason that this person was worth the news and we are not is the fact that he is a billionaire and we are not. But the reality is that we are not really going to see much changes neither, we are going to definitely see it be as correct as we would have. That's just how it is, we are not going to be really doing anything that complicated in the end. I understand that life is not that easy to handle but if it's "being a billionaire" that makes you heard, then we are screwed, I bet that he is as much right as any of us here on this and just because he did something good once, doesn't mean he will be right every time. |
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These clubs will be like Barcelona and Real Madrid in La Liga and they will compete seriously with each other in both Saudi Professional League to Arab Club Champions and some other cups.
I only feel regret because Messi did not join Saudi Professional League but decided to move to the USA. and join MLS. So we don't have chance to see dual competition between two players directly. Anyway all parties have to end and we must accept this reality as well as prepare for retirement days of both Cristiano Ronaldo and Lionel Messi.
That is why Saudis ended up getting players distributed to the teams instead of finding one good team and just build on that. The idea would be to build a competition, so that there is something to watch, if you end up putting great players in different teams then you have two even three good teams and they would all go for champions title and that should be the important difference. I believe that we could probably do something that would be entertaining that way. I am not sure how it will move on, but as long as it is going like this then there is nothing to worry about neither. I know that it will take a while before we could see this change, but at the end of the day we are talking about a great return of their investment. |
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I guess this could be a factor but this is not a difference of the trading, it's the preference of the individual that you're talking about which is not the point of this topic. But I agree with what you're saying, they can't give what they have for the other just because there are similarities.
I think forex is just something that other people do and not us, and that's why it's not going to be something we can fully understand well neither. I just hope that it gets to a point where we end up with a good result one way or another, and if we could do that then we could end up with a return not that later neither. I just hope that it would be something that I could see happening on the long run, and if we could see it happen on the long run then we could end up with a good profit one way or another as well. I get that people are not really understanding the situation because forex does have similar sides, but if you do not trade on forex then how could you know it that well. Bitcoin is a lot better for that, we understand it at least, so we can't compare it with anything else. |
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The global economy is still not stable enough to predict things and this month (August) we are going to have a major event with the BRICS currency possibly being revealed which could be another huge step in the dollar dumping process.
For bitcoin this is both good news and bad news in my opinion.
It is a bad news because in short term it could cause more recession ergo put additional sell pressure on the market that prevents the further rises for the time being.
But it is also good news since it continues pushing the dollar value down and as US prints more dollars to cover the enormous budget deficit and the additional costs in the trillions, that dump helps shoot up the bitcoin price.
Dollar dumping will continue one way or another, whatever happens. Way too many nations have dollars right now, and they are  to end up not needing it. Why would they keep on getting more and more dollars, what are they going to do it, burn it? Eventually they will need to keep it and they will need to make sure that they are going to end up making it look like that's going to work for them. If you have dollars right now, would you really just keep it and that's it? You would end up doing something about it. This is why it's smart to make sure that you do what you do and as well as you do it with the money you have. Think of it as capital, you can sell it, get your own currency, and then build a bridge or a road or a hospital whatever with it. |
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Paper money and BTC are dependant of each others because for you to have BTC you first need to use your paper money to buy BTC vise versa Nevertheless we can still engage in using other means to acquire btc by either exchanging it with other assets, earning it or being gifted, not everyone having bitcoin today really make use of fiat in exchanging for it, the more we gold the more the capacity to what we are holding increases and we continue to make additional money over bitcoin whenever we are holding over a long duration of time, there will always be a time for bitcoin to rise after it would have been on the bear market. I think earning is the easiest one and people do not utilize that all that much. Whatever skill you have, if you end up considering that crypto is wildly accepted all around the world, you could provide your skills to anyone all around the world, that is a huge customer base and you could make it happen if you want to. That means offer your skills in 5-10 different websites with some examples and I bet that some people will reach out to you, I am not saying you should make a living out of it, that is also possible but you do not have to. However, you could make some money from it, and keep it at bitcoin forever, that way you would be basically just making sure that you are doing fine and you do not put money in. |
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There are rumors of Elon musk wanting to turn twitter to be profitable for influencers that they can monetize their tweets and videos on the platforms and if this was to happen that means twitter will become profitable for Elon musk as well. He has rebranded the logo, added payment for verification and this is just the beginning of what Elon musk has in plans for twitter. He's also going to make twitter belike WeChat where we can send and receive payments.
When Elon musk is done rebranding twitter, it's going to have similar stock rise as Facebook is experiencing. I think Mark Zuckerberg knows what Elon musk is working on with twitter that's why he launched his recent social media app called Thread to compete with Elon musk.
Monetization is similar to what YouTube is doing. But then, how can tweets compete with videos in YouTube? I am still confused regarding how Elon is going to turn Twitter into a profitable venture. Unlike the case with YouTube and Facebook, Twitter is not that suitable for monetization. Most of the users spend only a few seconds to read each tweet, and you can't insert advertisements in between. One option is to do that for the Twitter videos. But Twitter is primarily for micro-blogging and videos are not that popular in that platform. They can compete by being smaller amount. Videos have ads, and usually people use adblockers, and twitter has ads too, but they need to be seen somehow. So if I go to your twitter profile, and see an ad there, you get a cut of it, maybe very small, but if you have tens of thousands of people see it, that becomes something, and if I check a tweet of yours, and look at replies, and see an ad there, that's also profit for you as well. Maybe the numbers are not similar, but that is how people make money from ads on their profile. Usually you check what the account is about, and then you give ads according to that, which makes it more inclined for people to click on it. I have seen it work, not a big deal yet, but could be in the future. |
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Actually talking about inflation is a complex matter and requires in-depth study on this matter. But as far as I understand that inflation is actually needed by a country to be able to control their economy and their currency. But of course the government's inability to control inflation will be fatal for them, because it will cause chaos in their economy and there will be many people who have difficulty being able to buy their needs because of rising prices. That's why smart governments need to be able to manage inflation and deflation in their countries so that this will not affect the economy and the value of their currency.
Well, there is a need for growth, and there is also too much growth over short period of time. If you have 2-3% inflation that's not bad, that means growth and that should happen, people can get that much in their salary increases as well and could grow in position until they are a bit late, that way everyone lives a happy life and all goes well. However, because there are situations like 2008 and 2020, we end up with high inflation that ruins peoples money and investments, and that causes people to be falling short of what we are talking about here, and that should be important to remember. I know that it takes time to handle all of this, but if you can, then you are going to do as well as you could hope for. |
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With the increasing number of adoptions, there should be a better value, but if we evaluate the market now, it's still volatile, as evidenced by the fact that only during the bull run does the market pump and become overvalued. If we want to see consistent growth, the bull market should not give us a massive increase, as that would only indicate pure manipulation.
Take a look at other coins that pumped during the last bull run, like DOGE; it only pumped because Elon Musk hyped it. However, look at what happened to the price now; it was not able to sustain its value, and some investors probably panicked and dumped their coins. This situation could also be related to bitcoin, as overall, the crypto market (bitcoin and altcoins) is subject to hype and becomes overvalued when the bull run comes and is not free from manipulation.
It does become overvalued at times when the bull happens but also it becomes a little undervalued when the bear run happens as well. Right now, we are undervalued and bitcoin should be much higher than 30k, I am not saying that it should be 100k today, but at least a 50k would make sense. The reality that we are not there at the moment is not really that great, and should be worried as well. I get that it will not be simple but that is the reality we are living in right now. There are way too many people who are arguing about the fact that bull run timing will be this or that, they argue a lot, but we all know that bull run will come again so the timing doesn't matter as long as we keep buying bitcoin at this moment. |
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A trader always tries to find out how they can profit from trading. But which one is good self-trading or AI trading those completely depends on various factors. By analyzing different situations, I think that both are suitable. AI usually gets quick signals about market trends and can analyze data quickly which is not possible in short time by humans. Emotions do not work in AI so they can trade in the market with disciplinary manner. Since trading sometimes involves geopolitical and economic issues, a human can analyze that which is not possible with AI. In any complex trading activity, a human trader can exercise caution and make sound decisions. Such decision cannot be taken by AI trading.
I think taking advantage of the improving technologies is not that terrible, just do not let it be the only thing that you try to make a profit from. Just to give an example, tradingview is a tool you can use to make a profit, you use the charts and make lines and you try to make as much profit as you can. However, if you just go there, pick one indicator, and trade based on that forever, you are going to end up losing money. If you end up learning how to use it though, learn how to trade, then that tool becomes a thing you could profit a lot from as well. I believe that it would be smart idea to keep doing it that way instead of just letting it be. Use it, but also learn how to trade to use it better as well. |
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