Buying low and selling high is a very simplistic view, but it helps you to stick with the purpose of trading. You need to ask yourself what is low and what is high. A support zone could mean a low for some traders while for others could be still too high to buy. That's why you need to have a well defined strategy to approach and be consistent to it.  If not, you will find yourself in a rollercoaster of disappointment, excitement and overall in an emotional turmoil.

There has to be fees when you're being provided services. Who is going to pay for the platform, the returns services, the maintenance, maybe you want the platform design to develop as time passes and offer new functionalities. Without a business model, you don't really have a way to fund all this. If you look at Ebay annual reports on the stock exchange you will see the huge amount of funds taht are being spent.

"You can have fiat but if it is not being tradable for goods/services then your fiat has no value at all." - Fiat is worthless, but we gave it value because we trust the governments who "manages" the money supply and accepted it as a means of payment. Bitcoin is an upgrade to the our current means of payment and exchange standard. Why should we trust an entity when we can trust the society aka the nodes running the Bitcoin network?

There is a decent amount of stores in the world both online and offline that currently accept Bitcoin payments. I don't know if they would still accept it if Bitcoin would not be tradable for fiat, but let's not forget that we are in a free market. I don't think someone is able to ban trading BTC for fiat.


Again.. wrong. You can earn Bitcoin with other resources like your time (getting paid in BTC) or your hardware (mining). OR.. exchange other cryptocurrencies.


You can buy Bitcoin from another person with zero commissions.


Until we reach a higher adoption rate, why not?

Here's some food for thought. I have modified your conclusion in the OP post. Kindly reflect upon it.

I agree that gold is sort like a form of money but no way it could be the same as fiat currency because people trade their fiat to gold which will then the price of gold decided depending on the demand of the people wanting to have gold.

I think that this pandemic had its "blessings" as you name them as well. Whole industries and governments had to accelerate the digitalization process, thus making economies and efficientizing processes. Moreover, a lot of people had more time to think about their purpose and where their life is heading. In the chaos of day-to-day hustle and with so many social interactions you could rarely catch a glimpse to meditate.

I'm not saying that the pandemic was/is a positive thing, but it certainly has its positive sides.

I haven't used Tradervue, but from experience Edgewonk is a very complex tool that should give you a lot of data about your trading. It takes a little while to get used to it, but if you are disciplined enough to journal all your trades it offers you great insight into your trading strategy and behaviours. It is just my honest opinion. Also I've heard they're working on software updates regularly.

I think the problem with DEXes is the lack of marketing investments and support for users. I mean let's think about it.. Why Binance got to be the biggest altcoin exchange? - Because of the marketing campaigns, website design, offers, partnerships, etc. A decentralized exchange does not have the funds or the management in place to undertake all this.

Also with CEX you have constant development like mobiles apps, new features, integrations with other services, etc. Maybe a DAO government of a DEX would be the best.

I think we shoud look at the centralized entities adopting Bitcoin like a mainstream. Before we go into full decentralization people need to feel "safe" about Bitcoin. Big names like PayPal putting their reputation on the line by offering crypto-related services like payments and asset holding features is certainly an assurance for users.

Their company is listed on NASDAQ - they are required to undergo periodical audits. I wouldn't see why would they reveal the Bitcoin addresses. Would you reveal your bank accounts knowing that other entities can track where you send the money? Although they would only see characters and numbers the transactions are still trackable by experts in the field like Chainanalysis.

The OP is right. A trend has established between crypto projects to disguise bounty campaigns under the word "airdrop" indicates that it is easier to get the coins than in the "traditional" campaigns.

The truth is 90% or more of the airdrop and bounty tokens are worthless or worth an extremely low value. Is it really worth the hustle?

In my understanding:

AIRDROP = distribution of tokens based on address holdings
Bounties = performing tasks to receive coins/tokens in return

I don't think that the majority of people think that Bitcoin is a illegal/scam. They more likely think it is too complicated or risky for them. Bitcoin is now more than 10 years old and nobody got scammed unless they participated in ponzi schemes, gambled or traded with insane leverage. 

PayPal adopting Bitcoin is nevertheless another stone that adds to the trustworthiness of cryptocurrencies.

The price action is looking healthy indeed. The fact that we have strong buying pressure at this level shows the bullish momentum. It remains to be seen if the bulls are strong enough to push the price and trigger some stop losses to further fuel this move or we need to retrace to consolidate and then break towards the next level.

Until we don't break the ATH, we still quite a lot of resistance to crush so let's stack those sats.

My suggestion is to make a rule to stop playing and try to punish yourself by saving the money you lost from other things like not going out this week, or not buying that gift, etc.

You should set it in your mind that the longer you play in gambling aka the more rounds you play the more you "HAVE" to lose due to the house edge. It is as simple as that.

Although I agree with you to some extent, this will affect Bitcoin adoption just by the massive publicity it will get. Just think about the millions of people who use PayPal on daily basis. They simple fact that they will see the Bitcoin logo (probably) and will have the choice to select it as a method of payment is enough. After all cryptocurrencies are not meant to be used in a centralized fashion. But free publicity is always welcome.

You should make the distinction between trades who have been constantly profitable/living from trading for years and some who are only successful for a few months. One can have periods of success, but if he cannot survive drawdowns - he will not survive as a trader.

I don't know your friends. Maybe I'm wrong and they are very experimented traders, but when 90% of traders lose their account in 1 year, it is more likely, from a statistic pov, that your friends will lose their accounts.

The key to mass adoption is patience and steadily increasing the base of merchants (which so far is happenings) and implicitly people who trade goods/services using cryptocurrencies. PayPal is making a strategic obvious move in the current market environment where so many personal finance start-up raise up like mushrooms after the rain.

I wouldn't bet on Bitcoin completely replacing fiat currencies in the next 15 years. I think the most probable scenario is Bitcoin becoming the standard value for our financial system and potentially replacing Gold as the 'go-to' assets in times of crisis and uncertainty.

However, I have learnt to never say never. If the current financial system based on fiat collapses, we might see a change of behaviour on macro level that should speed up the transition to cryptocurrencies. Keep your eyes open for market signals.

If at the end of this week we're still above the $12k level I'd say that we likely back into the good ol' bull market and headed for a move to $16k-$19k initially.
Personally, I'm glad that Bitcoin finally decided to breakout.

I wonder what his face was when he got caught.  

This is another example that people can do illegal activities with any kind of asset or money. So let's stop being afraid that the governments will ban Bitcoin because people use it for illegal activities. If they wanted to ban it for this reason, I'm sure they would have done it a long time ago.

I wouldn't say this is true. Some companies like Zoom and the IT industry thrived during the pandemic. I'd say that the TRADS + BTC is better than just a TRADS-based portfolio.

Bitcoin is already a scarce asset as its maximum supply is 21M and 4M are considered lost. When you take into account that 90% of Bitcoin in circulation is not on exchanges and that institutions are starting to dip their feet in the market - the investment is a no-brainer IMO. And yes, we haven't seen a BTC characteristic breakout for a while. 

We can really do anything. Bitcoin is a means of exchange. It holds a value and its main feature is that it grants freedom to its users. We can't cut the whole tree because of a rotten fruit. We must treat the human behavior and not modify the technology.

Bitcoin cannot be banned in the whole world. I don't think that any big nation can cut its citizens the potential for massive appreciation in value that Bitcoin possesses. Even if there were a ban, Bitcoin will still be used underground.

A potential ban would slow the growth of crypto currencies, but wouldn't stop it.