I know this is Altcoin Discussion board, but since we're like also asking for the general, I would like to say that the little increases that Bitcoin gained last week kinda gave me profit still. Sold a little bit for those coins that I usually use for buying and selling in the short-term although I don't day trade. It's just like my side hustle though.

Right now I don't really try to regain when Bitcoin fell below 30k, just being really patient like usual.

Most shitcoins would be like that "zero-value". Just invest what you afford to lose because even by plenty of research, a volatility in the market itself could put you off guard

Looks like we're in the same boat before aren't we although yours was open to investing into it. I was like "hell no" for Bitcoin before. I am not really went too deep into technology since I pretty much perceive almost every single digital asset out there to be just like another debit card without involving any sorts of banks.

Could you imagine how do people back in the OG days of Bitcoin feel about this price?

Well to be fair, there are plenty side hustles that you could try such as freelancing in Upwork. I know you're talking about SCs and bounties, but they aren't really reliable unlike having to freelance where you could potentially have a long-term client that would be willing to pay you over and over again. It's not more stable than having 9-5, but if you reside in third world countries, many clients tend to pay so high.

I just stumbled upon another thread regarding day trading and about the persistence of doing recently even by having a steady profit. Turns out that could also be my problem since I was like desperate to earn so much and having the result of it. This ain't the hype that you would see unlike when you win in virtual trading and nah, I am not into those.

Thing is we all wanted profit in the end and this would come along with greediness as well.

At least for the OP, there were still somehow a profit. Mine sucked back in the days and that's why I quit day trading.  There is indeed no perfect trades, but when you know that it is not working out at all. Maybe time to call it quits for now.

I would crap myself if I was already making a steady of $1. I was waaaaaay below that when I tried during those times. I am not ever going back again to that hellish exhausting trading days.

Yep, anything that is written in a software isn't really that better of a way. It's still another program written by another dev.  What's better would be doing that engraving of private keys in a steel of metal then just hiding it in a safe locker or somewhere else where it wouldn't be exposed to external elements.

I had written some of my private keys to a paper but not all of them really contains something worth stealing anyway.

Kinda gives me the 2018 vibes when merit system was implemented. There were tons of merit fishing users posting and almost recycling any sorts existing quality posts that were already recycled by others gazillion times.

Everyone would just do the laziest way just to benefit the crap out from it. I don't really mind if I get stuck bounded in this rank I already have. I just wanna hangout with other chill users in here. Sure I wear sigs to earn, but that's just the side icing of the cake.

People tend to advise diversification and most of the time that applies when you're buying so much coin in the market that you don't have that "biggest" one that you could rely on when the market goes the opposite of what you're expecting.

Mine for instance, I just went on "full-on portfolio" for my Bitcoin since it's what I've been hodling for almost 6 years and there's not any other coin that would surpass my expectation. It's not just the market value itself, but also the technology.

Not a fan of airdrops though, although they could already had changed for years. I ain't risking my identity again.

I am pretty sure that most of people around the world are already aware about the existence of Bitcoin and they're just refusing to adopt it due to either fear of technologies or just not really up to something new especially when we're talking about money.

A user here has a good point that there are also lost Bitcoins already and a surface research gave me that there are around 4M of Bitcoin were lost already. With that figures and how high of the price of Bitcoin we got these days, there could be just a miracle for some people to even still buy Bitcoin when it starts becoming scarce. Not every country is US, so even people in third world countries like mine might struggle getting a fraction of Bitcoin let alone a whole Bitcoin.

For my instance, I could have kept that thought of Bitcoin being an illegal coin only used in dark web and that was the only thing that kept me from investing into it. I don't want any sorts of trouble when I just wanted to invest to something that might give profits or even use something that don't have to involve any third party like falling in line in banks is quite hassle for me already. This whole forum corrected my misconception from that and heck I thought first that I would not even be able to access this site without any specialized browsers like Tor.

That's hella true, Awaklara and this is why I never tend to believe almost all of the success story with crypto trading. There's a lot more than what meets the eye in those stories like nobody would want to share their struggles with those success story. There's just no such thing as quick earnings here in crypto.

What people may call it "short term" might be "long term" for other people. Screw those influencers that just gives the false hope for beginners. They just can't admit that their success was contributed by plenty of luck and some variables that people will never get.

I mean what's better is what you can plan or do better just like. Bitcoin is viable for both anyways.

Just like what hatshepsut93, it depends on ya. Can you endure the 8 hours of trading in Bitcoin while having the thought of possibly not earning anything in a day or so? I just took Bitcoin as side hustle as well as kinda "investment plan" for retirement purposes, but I am not going to trade Bitcoin full-time ever. It's not something that I really love to do 24/7.

It just sucks when your country has so much policies before you can even transact with Bitcoin.

It's just the nature of trading itself. I did have the same experience when I was day trading that's why I quit day trading and just focused on hodling. Although I don't really advise people to just give up, if it does not work for "more than a month" just like you describe it then trading might not be for you just like mine.

It's just not worth it sometimes considering on how volatile our market is as well. A guaranteed profit even by basing your data from past prices is still by luck.

........And knowing that even building business in crowded areas of whatever cities you reside in would mean plenty of competitors and that's another threat to your business.  Even though there's plenty of potential of customers or profit there and profit "tomorrow" might happen. The cost of living would surely suck at that part. Kinda fast pacing business to do if you would initiate that way.

Not sure how crowded it is in NY, but from how media portrays that city, it could be one of the examples though.

Renting a shop near the beach might be considerable option, but people usually go there during summer and having a sale just due to seasons might not work really well.

Your first paragraph kinda described me when I was finding ways to earn through Bitcoin since I was like open to one more sideline to earn from. Turns out it was not worth it in my end. I haven't really done DCA method for now since I am kinda buying at random timings/intervals.  Hodling might be called "cheap" method by other people since it is kinda being passive from everything happening in the market, but hey it's your money anyway.

Trading is just not meant for everybody including me. I had experienced the worst mental exhaustion ever back in the days when I attempted day trading. You're right that you cannot learn it by two months and heck, a year won't even be enough for an experience. It's just really not something that everyone can give patience into.

Not sure why people would quit their job for Bitcoin. It's possible, but kinda not practical and reasonable since you're kinda having an unstable ways to earn and you might end up not earning for couple of years depending on the market's condition. I can even recall the bearish days when Bitcoin was below 6k from 10k. Damn.

Suggestion/s? It's perfectly fine if trading isn't working in your end. Choose where you're most comfortable at. Trading, investing, mining or wherever you want go for it. Don't let people just tell you and force you in their ways.

Well not too much. I believe it was around 29k like yesterday or couple of days ago. Regarding people selling their BTC, you don't have to worry. People have been panic selling ever since even with Bitcoin bearish season, and it's not anything new now that people should get used to it by now.

Let the panickers panic, and if you don't really need money for now, you don't need to do so much for it or if you have the money to buy quite few amounts, go for it. It's a bit of a discount for all of us to buy more, but that's it.

I doubt that everything would be brought to light anyway. I mean scams even outside crypto are so bad that there are authorities willing to be paid or bribed just to avoid getting exposed. It surely will kill the reputation of any company.

Crypto or not, people will find a way to remove traces or footprints in the best way they can do so.

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I've been following some scambaiters for quite a while, so this kind of topic is a bit familiar to me.

Well there are different takes from different people from this. Some would just continue to persist doing the same thing over and over again thinking that just by consistency would lead to success.

Not sure why would you link the forum to this as the rank doesn't even matter and it does not certainly tell the whole story of how much you know about Bitcoin. Some legendary members there are just plainly ranked before the merit system was implemented in the forum.

People with great luck still succeed with no trade-offs. Just imagine being born inside a rich family.

Well not for long for most people. Although in the long-term, people would still want to get the easiest way to earn money so they would just step in to the same rake. Insert "Jumping on a rake" meme here.

In regards of crypto media, I usually take those with a grain of salt. It's not something you would solely rely on deciding to sell your coins. I can remember those days....those FUD days that I was trading in EtherDelta and Binance and was like highly attached to these news headlines, it all turned out to be just an attempted FUD. What a bummer.

Well depending on the work condition lies where your productivity go. Surely you're not into some toxic work conditions wherein you're almost getting micromanaged by some higher ups about what you're doing.

People want to be productive but they tend to just go with it in their work condition without even trying to change how their workplace goes. This is why I really love to WFH although I do not have anything against RTO.

Instead of advising newbies to invest in Bitcoin or any other crypto coins out there, just get their curiosity high up by telling them to explore crypto and how it differs from stock trading. People tend to back away from such opportunity when they're almost feel "forced" to. I ain't a psychologist but this is somewhat what I feel whenever people tend to tell me about my decisions about my money.

It's still passive income whenever you call it. You're still earning something without your actions. On the other side of the coin though lies a passive loss as well due to volatility. It ain't that bad anyway unless you're going full-time investing like committing all your savings to it.