It will even take someone who is not an experienced trader or someone who simply does not know what manipulation looks like to come up with the saying that the market is not manipulated. I believe it is glaring enough for any regular trader and you are very right. The chart alone is even enough proof if anyone is looking for any.

I also agree with you on the fact that, bitcoin is simply a very small market for institutions to play with, most especially since it is decentralized anyway, which totally makes it even easier for them to achieve.

I guess people just tend to look for too much than the long term benefit they stand to gain from bitcoin on its own. As far as I am concerned, I believe greed without some knowledge of what some really want is what makes them to lose more.

Some may indirectly end up putting funds into something they have no control over and end up getting scammed or some may even decide to trade without learning. In any case, it is important to always learn what exactly you want to do before making any further move otherwise leave them in your wallet and watch them grow.

Obviously, we know that is certainly something we do not expect will be happening at all in the long run. With bitcoin becoming a currency widely used, the government of most countries all over the world will try to implement the payment of taxes on its usage in whichever way you want to as that is where they are going to be benefiting hugely from. Like you said in your last statement, there certainly will be a co-existence in the long run, and bitcoin being universal will actually make a lot of sense for the space anyway.

Of course, but at least for now, it seems we are actually to enter the era of cryptocurrency being of much value than fiat based on how things are beginning to play out. Yes, we cannot rid fiat in anyway and it will always be valuable and a time will definitely come even if crypto is used eventually as a safe haven, there would still be that form of movement of funds back and forth.

It will kind of be more like a cycle anyway as it is, just the same way we have been having gold over the years. However, we cannot say much on how the long run of it will be playing out, but we will get to see.

They definitely will manipulate because it is going to be a centralized and controlled coin just as we have with fiat. Why is everyone criticizing petro coin owned by the Venezuelan government, it is simply because it is a centralized coin, and the same thing even applies to ripple which makes most of the community to detest it, except for those who believe in centralization anyway.

I cannot go for any centralized coin as I am done with that. Tell me to trade it, then I can give it a try, but investing is just more like trying to invest in your own country currency. I guess we all know where that has led us to over the years.

Yes, at least for some of them that have really been beaten so much down that they simply do not have more space to move down as the case may be. Although, one still needs to be careful and even though bitcoin has shown some bullish stunts, it is still very important to take some chill pill with alts until there is really a clear move ahead. As long as bitcoin opens the door though, we may actually get to see how things will end up turning out.

I just got back into BTC anyway recently since we are close pretty much to the support line, and I will be investing in alts, once I am sure btc is ready for some move upward. Most of the alts are already showing bullish signals, but with experience we all know those signals are still related to something which one should always use when considering investing and that is bitcoin and I do not want to be caught between a big bear and the deep blue sea filled with sharks.

You should not be following without some knowledge on how to use at least some of the momentum indicators. The mistake a lot of people make is that once they get to read things like this, they just assume all of a sudden that there is a huge possibility for them to make a lot of money easily from trading by just buying low and selling high, but at the same time, you really want to know what exactly is the low and when is the high to be able to make good decision and know when you are either getting in or out of the market and when you should indeed be stopping loss.

It is always necessary to know when a coin is undervalued or oversold as that requires some knowledge to be able to do so. It is one thing to want to do the long term style of trading and it is another thing to know exactly what you are doing and you really do not want to be buying a coin or token at the top, thinking you are buying at the bottom. However, it is good you have found your own strategy and it is working for you.

IOTA is a great project and there is obviously no doubt about that, but the fact is that no one can ascertain the future of any project but when it comes to the prospect it has, I so much believe that it is worth investing in and I am certain there should be a lot of possibility in terms of growth and development for it, but all that as I have said is just some form of hope based on how one perceives the project presently.

Down or not, it makes a lot of sense investing in bitcoin for the long term. From what we can all see, the market is not where it used to be and every single year, it keeps getting better and better. So far, anyone who does not understand what the future is holding for bitcoin or the potential it has will be doubting if it makes sense to invest or not.

With respect to some of the points made by the OP, most especially getting a loan to invest, that to me is absurd and a lot of risk to take. We may be optimistic and feel it makes sense to invest in bitcoin but that does not mean we should not have sense to know what is right to do.

There will always be thread like that and it will never stop coming. If we are to be counting the thread of dead bitcoin right from when this forum has been live or when bitcoin hit the market, I am sure it should be a huge one to count by now. We may be experiencing a downtrend now, but those who can see the potential in the future obviously know better that we are not done with the era of ATHs and it may not be this year or next year, but it will always come.

You said again like you can actually see the future. That is some baseless stuff to say bro. Bitcoin will still reach $20k again and surpass it; but obviously we cannot know when it will and if anyone is giving a specific time, then that is just absurd. You should go back to check threads, where bitcoin has been declared over priced by some at $15, and may be you will understand the possibility of what the future holds for bitcoin.

It all depends but it is too early to know what will be happening at the end of it all. The market is already bringing up some level of enthusiasm anyway as to the possibility of seeing an uptrend from the current downtrend soon.

I would not say the week has been dull as it was bound to see this happen anyway, but in anyway, I believe the market is actually going to be giving us some uptrend action obviously in coming weeks and no doubt about that. Still looking for the possibility of a little retest though on the lower time frame.

I assume few things to happen though, we will go test the upper line of the trend around $8800, go back lower and start a new downtrend which will bring us to test the major support trend line again holding us for a while now and breaking it will send us lower OR, we can as well break the $8800 spot, give $10k another try, hit it and go test $11k and know where we are going from there or simply just fail in any of these spots and still come back lower. Time will answer.

Yes, not letting gambling affect our lives is not what I would actually count as luck but what I would actually count as decision.
A lot of people are principled enough and smart to know that nothing profitable ever comes from gambling and if they cannot see the fun in it, they best not try it at all.

Some are adventurous in nature and always like to try something new once in a while and then see gambling as those occasional things they get to do for fun and see what they are losing as what they are paying for such fun. Only fools get the wrong picture as to seeing gambling as a way to make money and that is where the huge crazy effect comes to play.

At least, we pardon you that you are junior member, but you should have at least used Google for a search. There are so many websites making use of bitcoin and even other cryptocurrencies for users to gamble with and I have not even seen most of these ICO gambling sites operational yet anyway. If you are looking for where to gamble with your bitcoin, we have the likes of crypto-games, fortunejack, freebitco.in, plinko and so on.

Dealing with gambling and being careful are two different extremes and once you enter into gambling then you cannot expect yourselves to protect your saving. Gambling is a way for spending and with cryptos it has become much easier for anyone.

Apart from scams and phishing, I want to believe that no matter how provabial fair it may sound and no matter how crazy one may think there is a strategy to use, traditional gambling depending on the game still stands a better chance of being fair than online gambling except for sport betting that has to do with real life situation though.

There is nothing that guarantees 100% safety but one way or the other, the difference here which gives online gambling especially cryptocurrency gambling an edge is the privacy it brings. I guess this alone will be more than enough to make more people forgetting traditional gambling.

I may as well want to assume that the likelihood of this is not possible as this would take a huge chunk of funds to be able to achieve something like this. However, there is nothing that we can say is impossible, since the funds is really there and talking about millions, I do not think it is that hard to see a combined effort to achieve this if we really want to face the likelihood of seeing the chances. They are big time manipulators, they could have bought a lot at around the previous low in this year, drive the market up, people FOMO, they distribute, and then they rinse and repeat.

Yeah, sure. We cannot always use the past to indicate what would be happening in the future. From the way things are going on the charts except of course something goes wrong and we get to see bitcoin going all the way down, then I guess a move upward will actually bring about some pretty good move upward for the rest of the market which still makes the whole June thing to be in play at the end of the day. We still have few days to go though, so I guess we see how things end up.

June has actually always been the month almost everyone has always known to be the month of greens and huge percentage increase across the market, and I guess we have to wait and see how this one is going to be like. I believe most of the alt markets from the divergence shown on the momentum indicators are really preparing to see how the trend for bitcoin is going to be like before we start seeing smart money moving into the market.

I actually started trading on bitmex with nothing as I used their demo site to increase my skills and I did this for 3 months consistently to be able to check how much I have done before I even started trading with real money.

Trading is not that easy and it is not that hard, but there are something’s you will need to learn on your own with experience that you will never find in books and for me 3 months of being perfect is better than few days of losing everything and eventually getting frustrated. After the 3 months, I started trading with $2000 which I have been able to turn to $6500 in a month plus and that sure has covered up for those 3 months of practicing.

But, anyone who does not even want to accept the fact that trading is risky like the OP is implying should just go try it out first and then get back to us with their experience after a while. Practically people always feel that traders are simply doing something easy without knowing that it takes a lot of knowledge and years of experience to be able to make decision in a fluctuating market

For pro traders, trading is more like an educated gambling unless you want to be in the whales’ shoes. For someone who is just trying out trading and feels it is easy, I wonder how long they will trade without getting frustrated eventually.

You can never be accurate with getting out of a market but as a trader, the thing is to look out for those moments when there is a sell signal and really those are the things indicators are good for anyway. A lot of people get carried away by FOMO that they just would not want to miss out on the market going up the more and lose the potential profit they could have had. The best is to just have a set target and stick with it.

Most times in an uptrend, even when one's grandma or grandpa can predict the market, lol. In a way, it is always better to be sure to see an uptrend signal before entering any market and most especially for altcoins. The problem is that some traders always want to catch it low to be able to get the best price or wait for the peak to sell to get the best price, but the thing is that strategy should always be used in doing any of these things and it should be a safe one.

Yeah, he should really sell and be our guest, lol. One day, we may actually as well end up using someone like him as a point of contact to those who sold out and messed up big time because they were just dumb enough not to understand that every market is volatile and for the fact that this is a new and decentralized market, it is even more volatile.

He would not understand that anyway, and maybe he should just go invest in penny stocks then and see. People complain too much about short term and forget the long term and then in the long term, after they have sold everything in the past, they are the types that always end up joining FOMO and going through that their dumb cycle over again.