You got lucky - and I applaud your attention and the usage of the bots and info layed in front of you, however, do you think it's worth it to try to flip memes even after the eventual stop of the Bull running? I think that there are too many nerves and risks put into it while it's not pushed via the overall market mood..
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With BTC at the edge of this new price level, I’m curious: 1. What are your thoughts on its trajectory from here? 2. Is $83,000 just another checkpoint, or do you think we’re reaching a pivotal moment? 3. And how do you see the role of CEXs evolving with Bitcoin’s growth and the ongoing rise of altcoins? Let me hear your take.
1. We aee going much higher in 2025. 2. There will be a correction like always in bull markets but we are going higher. 3. CEX’s make buying & selling crypto easy, they will continue to flourish. CEXes are good for their own reasons, DEXes - too, so both have their pros and cons. And we are totally going much higher. Too 100k and beyond, maybe.
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Solana are in my portfolio and now I can see the profit comes. I still wait for a while and not decide to sell my coins. I think that coins can increase so high in the middle term. But I don't have those memecoins and I only have ShibaInu, Pepe, Bonk, and some other memecoins. I am not expecting to see a big profit from memecoins unless there is a big pump coming to ShibaInu and Pepe. I guess those ShibaInu and Pepe can increase more like before but no one will know the right time. So far, my portfolio is good and increase the value, thanks to all of my coins. But this time, the correction still there and makes the market in red. But you don't need to be panic because this will only temporary and maybe this is because the market in the weekend.
Yeah, you either wait it out and wait for 100k+ or cash out earlier - with memes, you cannot stumble and wait for good results, you decisively make your own path with them and the communities that pave the moods for them.
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See I have done a lot of research about this but I have not come across any game in years that gives us profit without investing money. But in a few years it may come. Besides, there are other games that give money by investing money. I am talking about the things that are ruining our society today due to which even small children are playing with such passion and earning money.
When you find such a gem - don't forget to create a thread about it and your success. I don't think there is a gain without the investment at hand.
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Memes live and die like hot cakes - that's their gist and nothing more goes from it. It's almost never worth it
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You are correct, all of this is quite normal for traders to be aware of, but many individuals are unable to do so since they are only interested in making money from trading without understanding why they are doing so. If you don't understand anything about trading, it's like putting money on fire and watching it burn without getting anything out of it. Trading isn't for everyone because many people will try every time but still achieve their goals, so some people don't waste time and move on to something else where they can try to get something out of it. But I usually believe that anything is possible for a person who is patient enough to understand things and be professionally like others, because I don't think they have something that is impossible. But if you says you can't wait patient anything you will always be difficult for you.
The most important thing in trading is to be aware of what traders must do to make money. Many of the traders are not able to learn the things that are needed so that traders can produce what they have to do, many traders are unable to apply certain rules so they move on to other things that produce results quickly, I think whatever is done in a hurry without waiting patiently will This is a big risk for a trader. Don't complicate yourself for the sake of an instant desire in trading, it could be a bad start in the future. True, learning various things to find out about what a trader needs to make a profit is something that a trader must do because after all, that is the only way we can achieve a number of benefits considering that the profit in trading depends on how skilled a person is or how much knowledge a trader has. Another thing related to a trader who is unable to implement the various suggested plans or those who do not want to learn various things first before entering the market is that they are most likely to come in a hurry due to a misunderstanding in terms of understanding what and how trading really is, and in the end of course this is what makes some traders end up failing and losing more money instead of making a profit, on the other hand we must know that trading is not a get-rich-quick scheme, as in general that everything requires a process and sacrifice first in order to produce. Never push things up in time - only by metrics and factors that you can see and understand you should move out and open or close positions due to them. It will never be easy, but it surely will be rewarding if you master that.
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People on this board will prefer to discuss about holding bitcoin. A post like this will better be in trading discussion. Holders will prefer to have their coins on a noncustodial wallet where there is nothing like stop loss, take profit or trading stop. If they want to exchange, they will move their coins to exchange and convert it using market order after they have made profit already.
I agree that holding bitcoin is good, but it's not the only way to interact your money with bitcoin. It's good for investors because Bitcoin history with very good ROI over many years, proves that holding bitcoin is very good method to get profit. ROI chart shows this https://casebitcoin.com/charts#roi_chartAlthough I agree with you as I said, this board is Trading board that allows people to discuss about trading, mainly on trading, not only holding. Trading with trailing stop loss can help you to secure your profit even when the market reverse. It's better than normal stop loss order and trailing stop loss order is more like securing-profit stop order. By using it, you will get profit only small or big and don't have to rely on your emotion and decision to take profit or to wait for price rally after a fall, correction, dump to take profit because you miss a previous chance. With BTC - no stops are needed if you don't do it with leverage. So, it's a good tool in a trader's hands, but mostly with other assets that can be traded daily with potential gains.
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will get different answers based on your risk management strategy, it is part of the trading bot or the general strategy that you adopt, although you are worried about the risks, you are limiting the profits, especially since we know that the current levels are not strong levels and may be broken easily, so nothing prevents the price from reaching $120,000 if the $100,000 level is broken, Trailing stop loss will give weak results here.
So it's better to just.. Manually go in and out due to the situation on the market?
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But a mentor can not be besides us all day long because he have his activities. That is why we must learn from other people and other sources so we can improve our skills better and not rely on him. If we can have a good skill to analyze the market, we can enter to the market anytime we want and the chance to make more profit will be bigger.
A beginners should learn how to trade with right and he must spends more time to learn more from other sources. He can not wait for his mentor gives a sign to buy coins but trying to analyze the market to find the coins. That will help him to improve his skill in trading so he will not have a difficulty to search for the coins that have potential to increase.
The one who will teach trading should not tell when to buy and what to buy, otherwise there will be no sense in such training. After training, the student should start trading independently (preferably with small amounts of money), he will of course make mistakes, and the teacher's task will be to point out where the mistakes were made, so that it is clear what was done wrong. And then everything will depend on the student, if the mistakes are repeated again and again, then most likely such a trader will not be able to become successful... Only by trial and error, a person can take the lead and become better than his teacher. Nothing beats the good old practice, albeit, with risk-management intact to save your depos for the future.
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Would you say that it's better than all the T2E sector combined? The improvement of a trading mini app at least would have much better use cases to it.. I'd definitely say it's better than T2E sector , we all know how bad that niche is, but well, if the exchange insists to create their mini app exchange inside telegram ecosystem, it'd be great if they actually add more on-chain feature so that it can seamlessly interacts with the ton ecosystem. even better if it can also interact with other blockchain as well such as EVM and SVM based, since telegram mini app in a nutshell just a web app anyway. That would be indeed great, and I hope that in that app, there would be much to come and work with - because, let's face it, the TON chain needs more usability and creative cases to live on. Notcoin won't feed it all of its life
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Indeed, having a mentor creates a big difference. It provides you reliable feedback and learning experiences so you can avoid common pitfalls. It gives you high motivation and boost your confidence in trading. And most importantly, it leads you to new skills and strategies with high emotional and mental support which is very essential as a trader.
However, trading without a mentor does not necessarily mean that success is unreachable. Of course, if you can survive the rough roads in trading, and be able to learn from your own trading mistakes and failures, trading success is definitely achievable in the long run.
I agree. The road to success would be harder, that's for sure, but you would be more knowledgable in the end, in my opinion. And would be able to teach others as well as time goes on and expertise is piling up.
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Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?
Let's just say that Bitcoin in itself is still as decentralized as it has always been, but like every other currencies and assets in the world, Bitcoin's value is also subject to the happenings in and around the world, politics and economy are two of the major events that influences currencies and assets of which bitcoin is one of the world's asset, which means it's not left out. Trump made some promises on how he and his government will ensure and contribute to the acceptance and adoption of bitcoin and cryptocurrencies in general in the US, and US being the world power and a country other countries look up to, Trump winning the election have sparked a new type of hope in the continues growth of bitcoin, this is why so many people are buying bitcoin believing in it even the more. Indeed, if a person searches for charts, US elections were always a lever that sometimes sparked the bull running. That time it was no exception. The question would be if Trump would deliver on what he said in the end.
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How much you got into it, and what other coins do you hold for the rally that is currently going on?
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On the day of election I went allin on CPOOL because it had very low market cap and Miles Deutscher said in his channel it has chances of getting the number 3 in RWA. Now I'm thinking about selling and going into Meme coins or AI because of the poor recent price development of CPOOL.
What do you think?
If you bought it during the election, it means you have already made a profit on your investment in Clearpool (CPOOL). It's not wrong to TP and move to other tokens. You can go to meme tokens if you want, but you need to know that the fluctuations in meme tokens are not like conservative assets usually, you can lose all your money there in a short time. So think again about what you are going to do. I invested 15k and now I'm at 17,4k but it feels like a loss because on PEPE for example I would already have more than 30k You can get half of that and get it flowing into memes, but be careful, everybody else said already what awaits people down there Or just wait it out to see bigger profits till the BTC goes up and up.
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Historically, we have not seen a single altcoin category dominate the market twice. If the two market categories in the past were DeFi and memecoins, I do not expect them to have the same impact in the current cycle. Some Telegram based memecoins projects may see uptake, but because of Telegram, not because they are memecoins.
Interestingly, Binance and others spike things up by listing the likes of ACT and PNUT, and I do think it's pretty bold to try and gain something from them, however, during the Bull - everything is possible I do think it can be pretty much profitable as long as the rally for BTC goes and doesn't get a good n' old correction.
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is the trading mini app really something that's needed though. when you are using telegram in your phone, you're literally few touches away from switching to exchange app, a full fledged one with all the feature, I will consider this as nothing more than gimmick, if any, TON can leverage on its already existing meme coin ecosystem, the mini app is just temporary narrative, an unsustaining ones at that, at least that's my 2 cents.
personally it'd be great if they can just focus on building good ecosystem like solana, basically making a good enough defi the entire blockchain gonna attract inflow of capital and meme coin degens.
Would you say that it's better than all the T2E sector combined? The improvement of a trading mini app at least would have much better use cases to it..
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I do think that the recent correction of BTC price was due to Iran saying that he would target the Middle East again. Unfortunately, that may slow the rally for BTC a bit..
Unfortunately for them (?) BTC can't be affected by such speculation or even big events. Two major wars are ongoing but crypto doesn't care for it, nor do the people behind them. IMHO Bitcoins' rally is just inevitable and the new ATH it's close to being achieved. The only question is if it will be before or after New Year's Eve... The elections pushed BTC forward with the Bull knocking - so they do have an effect on it, albeit not on a scale we expect sometimes It's inevitable, I agree, but it's the event in some regard related to the push for the crypto in general that propels BTC and starts the rally.
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I can’t tell it’s the best trading strategy but rather the best quality of a trader are those having peace of mind and calm heart. Just imagine if traders have those qualities so they won’t chase bigger and consistent profits just to satisfy their greed, but will only trade if they think there is higher chances of turning their trades into profits. That requires immense emotional control and understanding, not easy but it’s always possible.
Self-discipline leads to the positions being closed and opened correctly. Judging by the markers, not by the emotions at stake. Thus - you are right - it's best when the trader can control what he does not looking at market as this revengeful spirit that only wants to eat up his deposit
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-snip-
Generally traders do analyze the RSI numbers and it is true as you said that when the percentage number is greater, the potential for a decrease is much more likely to occur or vice versa if the RSI is low, an increase can trigger. But this analysis does not always work because there are times when different moments occur and I have experienced that. Correction according to what I know about RSI. If the RSI is high, the chance of an increase is high. Conversely, if the RSI is low, the chance of a decrease is high. Not as you said. The reference can be seen and observed on the Bitcoin price chart. This image is the RSI on the Bitcoin price chart and when this image was taken the price was $90K. There was an increase from $88K to $90K. As far as I know, if RSI is bigger than 70-ish, the coin is overbought, meaning we are going to see correction soon. And if it's around 30-ish, it's a different way - it's underbought.
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A good teacher can only be a practicing trader who already earns money in trading (theoretical knowledge alone will not bring results), but I doubt that such a person will want to spend his time teaching someone else, and if he does it for money, then his lessons will be very expensive, which will be too expensive for a beginner trader to afford, but most likely it will still cost him less than when he learns from his mistakes on his own.
It is quite possible that beginners will buy coins based on someone's recommendations, because choosing something yourself when you are just starting out is very difficult (an exception may be bitcoin). And they will buy at random, or based on the news, and this approach is often unprofitable because the market is constantly manipulated...
But a mentor can not be besides us all day long because he have his activities. That is why we must learn from other people and other sources so we can improve our skills better and not rely on him. If we can have a good skill to analyze the market, we can enter to the market anytime we want and the chance to make more profit will be bigger. A beginners should learn how to trade with right and he must spends more time to learn more from other sources. He can not wait for his mentor gives a sign to buy coins but trying to analyze the market to find the coins. That will help him to improve his skill in trading so he will not have a difficulty to search for the coins that have potential to increase. Yeah, the mentor should be a guiding hand in a time of need - not a hand that does everything for you. It teaches you, doesn't replace your decision-making. So think about it in this way, and not in a way that would harm your deposit in the long run.
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