DCA in altcoins may be risky because not all altcoins may have good chances to survive and then rise up passing their previous ATH as previous bullish season. so, you must basically understand about the risks.
If you are willing to have some altcoins, never do in meme coins or hype coins.
I am personally doing it to prefer to some top coins, Ethereum is the best choice. hen, I am also considering ADA, Matic, and SOL. Bu it is only limited, not the high one because I focus more on Bitcoin that is more promising.
Without a doubt doing DCA with altcoins is simply too risky, this is a strategy that should only be used when you are completely sure the asset in which you are implementing this strategy is a good asset which will eventually recover the value it has lost, and as we know there are not many altcoins which fulfill that criteria, as a coin which may seem to be good right now may disappear tomorrow out of nowhere, and we have seen examples like this many times on the past. It would be very difficult to pinpoint what to buy exactly like that. I mean we are talking about a situation where it would be very hard to consider how we could make a big change in the end, it is going to be obviously very different situation. I know that a lot of people will end up with a bit of a trouble and that is why it is going to be like wild picking. Some people will pick things that are not that great and then they will expect others to follow and do the same thing. I am sorry but it is not going to be that easy, you are not going to find "one" special coin that you will be DCA'in until the halving, or even afterwards. I could name one, you can name another, we all could name something, doesn't make it true, we are all just assuming. |
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It's not about how to read chart and signal advise but it's all about how you see carefully of global situation. Signal only works if you know to making decision of you choice. Never trust whlaes signal, your money is your responbility Never dare to blame others if yourself never DYOR with your choice. Market is manipulation their have a lot of startegy to make you confused so just trying learn next step for every moment you will choice
I doubt anyone who calls themselves a whale and then sends out big picks. No body can confirm a whale in true sense and real whales rarely make themselves publicly known. The ones who appear like that I feel are fake and more of a cheater trying to fool noobs. While a big whale and th or movement is difficult to predict, we can simply follow the long term strategy and wait it out. So in short if you are getting whale named signals, assume them to be false. Whales do not come out and say this is what I am going to do and you should do it as well. Signals are basically whales moving their money around and that's the thing, whales do not move their money around in one bulk order, maybe very unique cases could be made, and exchanges do it too, but real whales do not move their money all at once for you to figure it out. Most of the time there is no way you would learn if a whale moved their money or not, that's just not going to happen, it would be very unlikely situation. This is why there is no need to expect it to change anytime soon. I believe that it is going to be pretty difficult to have anything remotely close to that again, it will definitely be a different situation to say the least. |
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I don't know why they are doing this because this seems to push away investors as soon as they see that name. After all, they already know its history and the people who work behind it. Newbies nowadays are primarily bright and don't rush into an investment like before because of these stories in the crypto industry. Of course, they will know already what they were going to do once they spot a new project and when they see such one, they will probably stay away from it. But we don't know about the others because sometimes, no matter how obvious the scam is, they don't really care and continue to pursue investing in it.
Changing the name would be even worse because it means that they are trying to hide it and when someone points that out they would have two options, either say that they never intended to hide it and just using a different name, or they will be caught and deny everything and that won't help at all. So all in all, I think it is quite obvious that we are not going to get a lot of changes in this, it is going to be pretty obvious that life is as weird as it gets with people who still invest into this, it would be a silly move to keep investing into it, but when you check the data you will see that even though it is very very little, the amount of people who buy this is not zero. That means there are still some people who are taking this risk for some reason. |
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We had covid for approximately 2 years, then we had a situation, when during first year of war between Russia and Ukraine we had wheat shortage. As minimum it will take 3 years to recover, but in reality it will take more.
What is food shortage for you? You see less food at the store, or you can afford to buy less? First one is shortage, second is your financial situation. Personally, I see no food shortage. If we take wheat shortage problem as example, then I can replace pasta and bread with rice or buckwheat.
War is still going on and that's one of the hardest parts about it. I know that a lot of people think it is getting closer to the end with all of that Wagner deal and all, but it is not getting anywhere close just yet, we still have to wait for it to end. Without that war ending we are not going to have any type of ending at all, it is not going to be possible and we are not going to have any recovery. We will have to face the reality that life will be very tough as long as there is a war that spends maybe at least 100+ billion a year, probably more. Plus it prevents the world to be connected, that's the issue and I believe that we are going to face a lot of trouble because of it as well. We need to do a lot better overall, that's just the way it should be considered in the end. |
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Of course this is a good moment after the correction process that occurred due to binance, bitcoin is back at the resistance point and a gradual increase is the condition we are waiting for or it could be sideways in its journey. I don't think the price is a problem for now whether it goes up or gets corrected again because according to my prediction we will see a new price next year. This condition needs to be used to collect bitcoins and hopefully we won't be left behind when bitcoin reaches the next ATH.
The $30k price will be the latest support point and I think $31k-$35k is the most likely price to break next month, although on the way there will be another minor correction. I hope that next month bitcoin will break the price of $ 35k so that we can see the halving process in the near future or at the end of the year.
Depends on how the situation goes for the future, it looks like bitcoin may do well enough but that doesn't mean that it has to do well, it just looks like it might. This is why I am not entirely sure that it would be a good thing coming up right away, it "might" do well, but it may not do as well as we hoped for as well. The best thing about the situation right now is the fact that bitcoin has gone up, so that means even if we do not do well, if we do not do badly then it would be good enough for us. We can stay above 30k, and even if we do not reach 35k, that means the price point of 30k would be great for us. I just hope that it would get to a point where price doesn't fall, because if it falls, that would be the only bad thing that could happen. |
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If you're an active trader and does trade while actively looking at the monitor of your laptop then you don't need stop loss. You're active so you can exit the market if you don't feel comfortable with the price movement. Stop loss has its disadvantages. It not all positive because cryptocurency whales manipulate the market by causing a false buy signal or sell signal on the market. If your stop loss is at the price that whales false sell just to trigger the market to start dumping, you'll get affected meanwhile the price isn't dumping but increasing.
For any trader that's not active then making use of stop loss is very important, it doesn't matter if you're trading a less volatile market like Bitcoin, you still need the stop loses to prevent yourself from suffering huge losses. Bitcoin also has moment when the price falls very fast.
Even those people need it because most of those people do short term stuff, so short term that they might be looking at another coin while the coin they bought could drop. I mean like literally 150x leverage people, I have seen a few of them with like multiple screens and they were dealing with a lot of big risk moves as well so they do need a lot of care with their stop loss and trades. If they don't use it, they may end up losing all their money even on a single toilet break, we are talking about that much risk. Obviously that also means that they may end up making that much profit as well, and it should be very important as well. This isn't really a situation to overcome it just means you need to be a lot more careful. |
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In my personal opinion, this is not a matter of right or wrong, but more to do or not.
And "suitable" for each person is different.
On the one hand, sometimes this decision really benefits someone and makes them earn more money. And this happens not only because of luck, but there are those concerned who really understand the right time to buy and then sell it. Not a new person who appeared in the crypto world during a bullish trend.
but on the other hand, it may not be at all suitable for others who are just getting into the world of crypto business, for people who do not understand the risks and how to manage them properly at the right time.
Apart from that, there are other considerations when someone sells their property, whether it is the only property or not. If that was the only thing, I would never recommend this to anyone.
I agree that not having expertise would be a trouble, it should be a big deal where you need to have a small amount of trouble that could result in not a great response. I am not saying that you should be doing it because it's a good thing or a bad thing neither, I do not want to put a black and white line to this, but it is not that easy for newbies for sure. If you know what you are doing, if you can hold long enough, and if you have proven to yourself that you can hold long enough, bitcoin could be more profitable than property for sure, not a lot of property goes up like that. But if you are unsure about it, then maybe it would make more sense to just keep it and not invest into bitcoin before you are certain about it. |
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Firmino would be huge as he is one of the most underestimated players if you look at his performances for Liverpool and that he wasn't part of the first eleven often times. When you say it is about trying out a new league, I doubt that this is what drives any player who is going to the Saudi Professional League. They aren't going there to try out the league, they are going there to bag hundreds of millions.
Firmino is not underestimated at Liverpool, the club has always believed in him even though he rarely gets a place in the main squad. He not that he was never trusted to be part of the 11 players who played in the early minutes, Firmino was once part of Liverpool deadly trio with Mane and Moh Salah. Firmino name is very well known in football circles, he has also been part of the Brazilian national team, he doesn't need fame anymore by moving to the Arab League. Believe it or not, a lucrative salary is the main attraction for any player, whether they are approaching retirement or not. It is very difficult to refuse a tempting salary offer, especially for players who have passed the age of 31 and above. All of them got old, that's the trouble. Back when that trio worked together to almost win against City, nearly beat Real on the finals twice and barely lost, and got one UCL and even a premier league during City domination period, I can easily say that they were all great. But looking at them for the past 2 years or so (even during last ucl finals) it is obvious that they were getting disgruntled. Firmino being too old to even run the plays he used to run, Salah getting not so great results this season, Mane already sold off to Bayern and not doing great there. As you can see that trio is crumbling and could result with something much worse. I am expecting it to change a bit and think that we should be seeing something new, and that's why this move was made. |
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Austria track is normally a quite short one normally but rain can extend lap times quite much for certain. But not even heavy rain can be enough to stop Verstappen from winning this race that easy of course. In the past we were talking about Hamilton's being a wonderful driver under rain.
But now after entering this new era in the sport Verstappen has started to put on a great show thanks to having the fastest car on the grid also. I would love to see Hamilton getting faster in time and reaching the level to be able to compete with Verstappen again. But I guess we will still need to wait for that to happen for a long time.
It's actually a very very simple track as well, anyone who has played even a bit of F1 would know that it's the simplest of tracks and there are very very few places where you could make an obvious mistake. Which means that car difference and driver talent difference matters a lot here, unless something unexpected happens, then we are going to get the best cars and drivers win here. Perez had a few bad race streak so far, I am expecting him to finish that with this race, he may end up second finally like he suppose to. I think it's obvious that Red Bull is eyeing other drivers for that second spot, and there are some good racers, Perez needs to have a podium at least, there is no other option. Obviously this is only valid if all goes as expected. |
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It is stupid to think that Bitcoin has value only because its supply is equal to 21 million, or that any limited supply means that the price or growth will be an example of Bitcoin. You have a problem that everyone who wants to deal with Altcoin (ATC) will need to buy Ethereum, which is built on top of it, so it is impossible for it to be better than Ethereum, which is like saying that Bitcoin is better than the Internet.
You can compare Altcoin (ATC) with Polygon or any smart contracts built on the Ethereum blockchain.
Even if the supply of BTC is not exactly 21 million, it will still be valuable because it is the first crypto. There's even cryptos out there whose supply is so massive but they still have a good value. It means, the supply is not all. The OP did not say that this ATC is better than Ethereum but he is only saying that it's a good alternative to Bitcoin. Maybe yes? Because that is what altcoins in general are good at. They can supply the missing functions of Bitcoin, that some people are looking at. There are lots of altcoins out there and it's too early for now to praise this ATC coin the OP is sharing to us but we will watch it. Let see if it will still be relevant after some time. |
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I do see demo account as a playing account because you don't lose anything, you trading like a pro without having any feelings even though you lose thousands of dollars. This is not a real account and we should not put our dependency on it because it can affect the way we trade and send us off guard.
We need to be mindful the way we use it to learn how to trade because the simple reason for demo account is to have a feel of how trading looks like and make necessary adjustment when due so you can be able to trade on live when you are ready.
We don't need to spend a lot of time on demo trading because it as big effects than what we are enjoying. There is no feelings when we trade with it and we might not even know how it pains when we lose small amount of funds in the market compare to losing big amount of money.
I think "feelings" do not matter in that regard because when you are using a demo the idea is not to see if you are a good trader, its about learning if you are a bad one. If you keep losing money there that means you should go back and study why you are losing money and that's important. We could be a bit more wild and turn out to be right once or twice when demo trading, because we are not going to lose our money there so we can be a bit more free, but that's not a forever thing, if you are bad then you will end up losing money eventually and the average will be down. This is why I believe that its quite important to keep trying yourself on the demo first and if you are terrible then find out what went wrong and fix that. |
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When trading there are rules to observe in other to protect your margin, it's more like if you can't make more money, don't lose the one you have,
That's where risk management comes in handy.
The strategies are;
_ Don't risk too much money, start with what you can afford to risk. Focus on the risk not rewards.
_ Identify potential risk as;if it goes down, if you don't take profit, if you don't use stop loss and if the coin goes against your analysis.
_ Reacting to risk, use stop loss and always take profit.
I think managing the risk part is not something newbies look at closely, and they totally should. They take more risk than a veteran and that's a terrible thing because they should be doing a lot better in that regard, if they are taking more risk without as much experience then it will be a loss in the end. Obviously they do not take it seriously and since they are newbies they think they are not taking too much risk when in fact they are taking it. This is why it is quite important to be careful. I personally take as little risk as possible in the crypto world even though I have been here for over 10 years now. Because, it is hard to make money here, but it is very easy to lose it so I better be careful. I suggest the same mindset to all the newbies who think they are taking very little risk, you can take even less. |
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Edson Alvarez wouldn't cost Dortmund much indeed. If he shows a really high level of performance with Dortmund shirt then Dortmund can sell him for a quite profitable amount later on. This is what Dortmund always do with such players in the end. I wonder if they can find a young talent similar to Bellingham again this summer.
Because I'm sure Dortmund scouts are working actively on finding new talents. Their source of income is the sales of this kind of players for huge amounts you know. Otherwise not becoming the Bundesliga champion would have been a much bigger problem for this team.
I think it's quite obvious that Edson Alverez would be a "bit" expensive, but not a ton. I think the maximum he could ever worth right now is 50, which we all know they are not paying that much, nobody does at this moment. So I think something like 30-35 is the range we may see, or better yet something like 20-25 and pay cut from the next sale, if he plays for Dortmund and does very well, then he could be sold for a lot more, like 80-90 or even 100, and if they are offered 10-20% from the next sale that would be another 10-20 million as well. With a 25 million sale and 20 million next sale income, that would be 45, better pay with a bit of a risk. He can be bought, Dortmund could definitely use him, they sure need him without a doubt. I think it's quite important for them to keep getting these younger players and play them a few seasons, he isn't even "that" young, he is 25, so he needs to be sold in 2 years max, otherwise he won't worth much. |
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The only possible positive thing about alts is that bitcoin will not go 10x easily, and won't go 100x, that's just not looking like possible or at least not right now. There will be "some" alts that will go 100x in the future, I do not know which ones and that's the trouble, one day we will see one where the top is 100x higher than the bottom price and we will wish we bought it.
The risk however is that if you keep investing into them, then you will think that you will know at least one of them right and most of them will be wrong and you will lose money instead. This is why it's much more important to just focus on how you could make a profit based on known coins and not risk it on alts that may go up or crash, I feel like I would always pick the wrong one so I stay away from it.
That's why not a lot of us invest into all those small things, sure they brought in money but most of them taking money out of bitcoin as well, which means there is a reason why bitcoin won't go 10x easily, because there are tens of thousands of other tokens that we invest into instead of bitcoin. Do you know how much higher bitcoin would be today if we decided to just keep the top 100 and all the rest of the tokens and coins just gone, fully gone, and all the money in them go directly to bitcoin? We would be breaking ATH after ATH for bitcoin today. This is why I think the "possibility" which is like 0.001% of the coins/tokens created, is not really a good idea for an investment, I would rather keep it in bitcoin instead, much more reliable. |
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No source, no signals.
But what I do is look on the news if there are already existing bad news for the coin that I am about to buy. But there's one exception of course and that's bitcoin.
Lacking of what you do in researching is where the other investors and traders are keen about. Those that have got experiences are making it sure that they'll be able to see what's behind the project and not just buying because of hype.
That is a good idea because there are so many projects that rarely have nothing going for it, there are so many projects that constantly have something going on that I feel like it's not going to be that easy to make a decision on it neither. This is the reason it is a lot easier to decide if a project is doing alright or not, because if there are good news then there is a possibility that it will be a good project, if there are bad news then we are going to see it do badly. This is why I believe that we should be doing as well as hoped for and maybe that will change our life for the better. I think it's not that weird to consider that news have a bigger impact on altcoins than chart, because alts are not that high on liquidity so charts matter a bit less there. |
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i am so amazed to read that you use 5 timeframes before making entry into the market, i wonder, you must have so much money or do you care about your winning rate that much because As Far As i remember, i never watched 5 timeframes to make any trade. all i do is, check the daily timeframe and monthly timeframe maybe sometimes, weekly too, but before doing that i prefer to analyze the market sentiments overall. Like, for now, weekly charts might be indicating a good profit because manipulation was its highs and still market recovered quickly and approached to $27k in that journey, i know that before every halving of BTC, there comes big dumps that might be manipulated or artificial ones but their occurrence does impact the profit ratio.
I think it is quite obvious that market is a volatile thing and just one strategy wouldn't really work when trading, timeframe is the same because if you pick one that helped you today, could be bad tomorrow and you should be aware of that. This is why it makes sense to just focus on what you have, and not what you could have in the future if you are right, because you might turn out to be wrong. Trusting even in yourself to be always right is wrong, certainly wrong if we are talking about others. Holding is better, because holding means you are not doing anything weird, you are just holding until it gives you profit and if you can wait for that to happen, no matter how long it takes, the result will be a profit, and you will be right in that regard. |
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A lot of us has the same impression as you. We started positive this year and this downfall that we experience is still nothing. Maybe we can only change our views once it lasted for a long time but 2024 is surely going to be a positive year. When you say avoid, I think that means we need to go outside for a while. That is helpful for someone who is worried but for some who are already immune to these ups and downs, they can monitor their assets actively.
What happen lately is not what you call a storm since the decline was still small but even if it is, it will surely pass. No storm remains even in the world. $40k seems high to me already so I considered it as bullish but for now, BTC is not ready for it.
I mean if I am not mistaken the year started under 18k right? So that means it is still quite a lot higher than how it started, we are 50% higher than what we started the year at the very least, maybe a bit more. This is why these drops shouldn't really matter because it means we are just eating from the profit and not losing money itself. Obviously that depends on the entry point, but there were many months, multiple months when it was under 20k and if you didn't buy bitcoin at all during that bottom, then you have no right to complain about the situation neither. I personally hope that we would do better in the end and it would be a profitable decision, otherwise it is not making any sense at all to keep trying to make some profit. |
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There may be a point, in that someone who is penniless might have more time to study and learn about Bitcoin and the exchange as a whole. So there is no rush to make investment decisions and have the opportunity to avoid the drama that sometimes occurs in the crypto market.
In any investment, solid knowledge of the assets to be invested is essential. Therefore, if someone has the investment skills and is prepared to deal with the associated risks, they may be better prepared to take the appropriate step in considering allocating some of their funds into Bitcoin.
Plus crypto world is filled with opportunities which means that if you have a lot of time, and a willing character to work hard, and no money at all that makes him hungry for more work, all that equals to finding a job here. Most of the time a job here would be a lot better, it is not going to be even remotely close and it would result with an insane high levels of return without a doubt. I think it is quite obvious that we shouldn't be really worried about an unemployed person in the crypto world because if they really work for it, they can definitely find a job. One way or another, even if it is not a "job", they can find bounties, airdrops, promotions, signature campaigns, management, and many other things as a business and could do so well. |
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I think $1 million is a thing that will happen, many analysts believe $1 million will happen in 2 halving days i.e. 2024 and 2028, and I think it's normal that in a maximum of 10 years the price can reach $1 million, this is because of the number of active bitcoin users around the world continues to increase.
It is not impossible since Bitcoin value is always increasing from one halving to another halving. But no one knows on which halving the Bitcoin price can reach $1 million. Although there are some analysts who state that $1 million can be achieved in the next 2 halvings, I think it is purely speculation only. No guarantee for $1 million in 2028 or 2029, even Satoshi can't guarantee it. Sure, the number of people who are involved in Bitcoin keeps increasing, but it is not the only factor to trigger Bitcoin value to grow significantly. If there is much bad news in the future, the price growth can be a bit slow or even free fall. Moreover, we must have bearish seasons in the future, it is the time when Bitcoin price tends to drop. I think "speculation" part comes from the fact that it has gone up nearly x10 from bottom to top each time it had a halving, and that's at least, a lot more usually. The last bottom we had was near 15k level, so the top could very well be 150k give or take, could be a bit lower or higher we really don't know and that's just one halving, with the other halving we could "maybe" reach a million depend on what the bottom will be. I think halving is a good place to start, because with that, it should be doing fine, it wouldn't really be that bad to reach. That would mean next year there is one, and then 4 years after that another and 4 years after that the third one, so it's about 9 years, give a year for the benefit, so it's 10 years. That means we could be x40 higher in 10 years. Can't see anything else profiting me that much. |
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Airdrops are all luck these days, and if it wasn't luck they would not be rewarding as they are. Zksync, layerzero could be having a token but due to super high speculation on those, even if they do have a retro airdrop, they will be having strict requirements.
Interacting with those protocols will require good amount of $ to be spent, and then again it doesn't guarantee anything. Best suggestion I can give is interact with dapps/protocols where you feel like doing so and leave rest.
It must be admitted that the current airdrop is indeed different from before, I think everyone is aware of this so don't be surprised if you join the airdrop and get nothing, it's better not to get your hopes up on the airdrop. That's the main problem with airdrops, the project worths nothing until people make it worth something, if people do not work on making it bigger then the price stays low and you get nothing, if people do work on making it more famous then there are too many people and you get nothing. So in the end, there is a cycle of airdrops where you just basically make nothing and that's the issue. If you could make some profit then you would make some profit, but if you can't then it's done. I hope that it gets to be a lot better, and we should be seeing it do a lot better on the long run if we are right, with the bull run and all, it should be growing bigger and maybe it will help us, it is going to be an issue, but we are going to get there eventually. |
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