Can I take this position?

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Thank you Yahoo and devans, I really appreciate to work with you.

Bitcoin is being trusted by most people now, I see mass adoption has been coming into bitcoin and many people just trusting it. You are right that bitcoin is able to hold its price after the bull market is over. Its price is not fall drastically even when there is a bad news come for bitcoin like Elon Musk is cancelled bitcoin to be used as of tesla payment system.

That situation can be made as a reason that bitcoin can be leaved by their investor especially insutional investor. They still believe that its price will increase more than now and as many people predict that its price will touch $100.000 at the end of this year, that I think it will happen. I just think that the current sentiment market is still bull run market because after bitcoin price is corrected then altseason happened, this is different if bearish market is really come.

So, you just think that Elon Musk will choose an altcoin to changing bitcoin as mean of tesla payment? Be carefull he will make another statement to not use the altcoin that being used as tesla payment.

Elon musk is trying to manipulate crypto currency price movement, take a look to dogecoin. This coin price movement is more attractive comparing to before he came to crypto currency.

It is the hardest thing to do to make a statement that the bull run for this year is over. Because bitcoin price or even all crypto price movement are so volatile. You can judge that now the bull run market is over but in few time a head the coin price increasing drastically, so we have made a false statement for bull and bear market.

Ans yeah there is a worry thing that will come to all crypto user, if bull run for bitcoin is over then we will see a huge dump that will happen. Many people will see to the previous bull run where bitcoin just dropped a lot and I think the situation is not much different with the previous bull run. So, yeah just be carefull for thoss who still hold bitcoin, for thoss who have intention for long term investment you should make a daily analyst to avoid it.

We can predict bitcoin as we wanted but we have to know that bitcoin price always has its own direction. There will be many incident that will come to bitcoin, either it is a good incident that will make bitcoin price goes up to higer price or an incident that will make bitcoin price drop a lot.

Like a few days ago, Elon Musk has changed their mind to not accept bitcoin as mean of payment to buy Tesla car and make a huge dump for bitcoin price. Yeah, it is just one bad news that we must pay attention. Because if there is a bad information comes then we will see bitcoin can fall below $20.000 again.

Trading future is not suitable for someone who doesn't know about technical analyst. If you don't know about technical analyst then yeah you just commit suicide trading in that place. There is a leverage feature that make many people lose their money, even you can lose your money in a few time if you use high leverage like you 100x, I do not understand that you choose that much leverage.

I guess it will be different if you choose spot trading where there is one direction to make an entry price and I guess it will save you for this market sentiment. Many people still see that bitcoin price movement is still in the bullish market although we have seen a huge dump that has happened. But technically buying bitcoin right now is good then we just only see a bitcoin price movement.

I guess not, they are just mediator. If the content that they serve is valid then that you think will be right, it means there is a main factor be it an adoption or crypto currency not a great place for an investment or a good tool to use. But, if the content that they serve is not valid, I mean they are trying to make FUD and make all crypto currency price decreased then it will just for a while. The crypto user will buy more when its price is low, take a look when bitcoin touched $3500 they were a lot of people who bought it and make another all time high like now.

I believe that trading is the best way to earn money in crypto currency comparing to the way that you have mentioned. Even, trading can be made as a source income to you because it can give you consistent profit. You can make money per days, per three days even weekly and yeah it give you a real money comparing you to join some airdrop even staking coin.

But it needs a proccess and will take a long time depend on your knowledge. If you are deligent and want to know about the ins and out about trading it means you spend your time to learn then it will need a little time to get profit consistent. Becauss there are many source already that you can use like in some source like this forum or through trading books. Profit consistent is the gool for all trader because if you have reached it you will get all get you want.

Is there another altcoin beside xrp and trx?

Also, you have a good faith about the coin price movement even told now as altcoin season.

But yeah, I hope many people here agree with your opinion since now bitcoin price just drop a lot duo to Elon Musk decision.

I see some altcoin have been increasing a lot like ADA who has been passed $2 which I didn't expect and its price still show a strong increase. So, I choose ADA for this altcoin season that will give us a huge profit.

I do, at least almost two months I quite my trading activity and also withdrawn all my investing fund. Especially when bitcoin price is failed to passed $66000 as its all time high I just doubt to make an entry. But, everyday I always make make an analsyt at least to see the market movement.

It is not about I get a huge profit or I enjoy with that but I see another reason on that. Like, I just focus on long entry position comparing to short position and almost my analyst just refer to short entry position and I'm not comfortable with that. And now my prediction is happening, almost crypto currency price including bitcoin is decreasing.

Doge is being used by most people including Elon Musk as pump and dump coin. I strongly afraid to hold this coin especially for long term investment. Take a look bitcoin now, what has done by Elon Musk? He gave a false hope and you still believe to him?

So, I just thinking based on the situation that has happened that doge is good for trading place not for short or even long term investment. You can buy doge coin at the lower price and sell it when the pumping has happened. Just believe to your analyst and choose coin that you think that the coin is deserve to be a good coin in the future.

The panic seller will just do by the short term investor and for those who just know to bitcoin. For long term player especially for those who have intention to choose long term investment will not do that. They will only hold their bitcoin although their fund is decreasing a lot because they know that bitcoin price will go back to the original price even passing the previous all time high.

Also, for those who choose short term investment will think that if we sell their bitcoin is the best thing to do because they will buy when the lower price is being reached. So as they will recover their lose even will get a profit when bitcoin price increasing. The worst case is for those who are new to bitcoin and insist on buying it even though they do not know the characteristics of bitcoin movement, they will only experience big losses.

You can use bitcoin as a mean of payment system over the world without without you having to exchange it for money fiat. I mean, as long as the merchant accepting bitcoin as a payment system then you just easily send your bitcoin to the marchant to buy the stuff. It will be different when you use money fiat, you have to change your money fiat against the currency where the merchant is used and it will takes a long time.

Also, bitcoin can be used as a sending money tool comparing when you will send money you have to change against the destination currency. Another advantage is bitcoin is created to resolve the inflanstory problem, comparing to money fiat that reluctant to meet inflanation depend on the economic country situation.

How about your investment now? Has it given you a lot of profit? Let say, if you hold BNB since April 16 then then you have got a big profit.

You don't need our suggestion, you already known crypto currency because previously you have choosen a good coin that has given you a profit.

I don't know much about the coin that you mentioned and I suggested to move this thread to altcoin board because you have just stated that you aren't interested to bitcoin.

Remember, most crypto user just hated a centralized coin. Take a look to ripple, if there is an information that the badmg holder sell the ripple coin then we will see a huge dump. Moreover, if the crypto currency just being created by one person although he has a popularity then I believe the coin will not success for long time. The manipulation issue is the first factor for most crypto user hate the centralized coin because the owner coin will be a bag holder for coin itself.

There is a moment when bitcoin price insreased a lot and altcoin price just sideaway or fall because some reason. Also, there is a moment when altcoin price increased a lot whereas bitcoin price just sideaway even dump because some reason. As crypto investor you have to know those situation to maximaze your profit also to still comfortable when you are holding the coin.

Usually, in my experience when investing crypto currency if there is a bull run season then we have to focus to choose bitcoin as the main investment place because in some situation when a bull run for bitcoin come then we will see most altcoin price will go dump and sideaway. After the bull run for bitcoin is end and its price just make a sideaway market then we have to prepare for altcoin season. Those situation always happen in crypto market.

Crypto currency price is depend on the fundamental factor, I mean if there is a good news from the fundamental factor like company A is trying to adopt the coin for payment system then it won't take a long time to see a huge increase that will happen. Like a few days ago when Elon Must will adopt bitcoin as a tool to buy Tesla and we have seen a huge increase from bitcoin price.

It will be like that for Dogecoin, its price will just increase when Elon Musk is trying to adopt it. In a few months before there so many tweeted from Elon Musk about dogecoin and just made this coin price increasing a lot even now it is in the top position as a coin that has a large volume. But, we have to be carefull to him, they can manipulate the doge price movement like has happened to bitcoin. Remember they have a lot of money and they can buy the coin with a large amount moreover dogecoin still has a low value.

Greatfully bitcoin price is not fall sharply, I guess the current price situation will not lead to the previous dump 2018 ago. There will be many instutional investor who still hold their bitcoin although they are in lose situation. They will believe that sooner or later bitcoin price will be surge again and even pass the previous all time high. Because I believe many people have known bitcoin and they will accept it as an investment place or as a currency.

Just forget Elon Musk and whatever that will do against dogecoin. Because many people will only believe to bitcoin, they will only see that bitcoin is a promissing place for their money. Take a look to the dogecoin chart, if there is a good news come especially from Elon Musk then its price will go up drastically but it won't take for a long time and you can see a huge dump will happen, it is really different when I see in bitcoin price movement.