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Nah, I will not trust again Terra. Billions of dollars were lost from them. It's very difficult to trust again, the trust is already broken.
Maybe these kinds of happenings is just some shows able to lure again some people to gain back their trust again. But I got a big instinct that this is another hype, pump and dump.
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Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
For sure this is possible during bull market, remember before when the meme/animal coins fever where in just short period of time we see a huge spike in price especially before for every chain there are some meme coins being created and the pump is really huge, I am no sure it will happen again but if it will happen again, there will be some new, like maybe not meme coins anymore or another way. |
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Never fail does not mean forever lost trust. LUNA making the new coin has proven that they are still responsible for what happened to the old LUNA. but if we think, it's too soon to say that LUNA has risen again, this could be fake bull still happening. but if you profit, you should be grateful, if you are satisfied it would be better to sell it.
The trust is already broken, and damage has already been done. It's already difficult to trust again, especially with with billions of dollars lost in just a short period of time. But if they are really sorry for what happened, they must prove it and must sincere. Back to OP, Profits is alreay profits, even how small it. Since you only got it from airdrop then if you are already satisify with the profits, then take profits. |
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That's why it is called predictions in the first place. They can put any numbers, or figures and even state what year it will happen. Sometimes, to create hype, to make an attempt to lure people to their service, or just a product of their own analysis.
(....)
Exactly, the words say it all. Pure speculation. There are some people who are telling it just for the sake of hype or manipulation of some people so they can make some money from it. Predictions are not 100% guaranteed, sometimes we can consider it as luck but predictions with evidence or basis are more reliable for me or much better to believe in. |
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There will be nothing going on today and tomorrow because we are still in the bear season, so there will be nothing special going on. Don't expect a bull run to happen this year as things are still chaotic out there. In a bull market, there will always be corrections and in a bear season there will always be slight rallies, so don't try to look for the growth to fall into these price traps. The best thing to do these days, don't invest in altcoins, if you have money then collect more bitcoins every day and hold until the bull season comes.
You are actually right, I see some altcoins going up most especially this luna, but as we all know everything moves as bitcoin moves. But it is still a deep trap to invest in those altcoins even as the show good sign. Bitcoin is the only way of not loosing your money in this bear period Everything moves as Bitcoins move, but you should consider the percentage of the move here. Because sometimes, there is a huge gap in percentage here, sometimes Bitcoins move a huge percentage compared to other altcoins or vice versa, Bitcoin moves low percentage, altcoins move high percentage, but overall this is good. |
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This will be only Proof-of-work (PoW) versus Proof-of-stake(PoS) battle, a consensus battle.
But overall, we all know that Bitcoin got different functions from Ethereum, they work differently. For me, no threat to Bitcoin at all as Bitcoin will still be Proof-of-work(PoW).
Maybe only the price? If Ethereum PoS will be good after some time, we may see a huge spike in the price of Ethereum, a huge percentage pump compared to Bitcoin. But overall, this Ethereum PoS a positive effect for cryptocurrency market.
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Ethereum's price right now is already $1,700. It's now really near $2,000. But for me, I am not really positive it will be close to $2,000 by the end of September, but I am positive it will be during the middle of this month or on the days before the "The Merge" event of Bitcoin.
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~snip~Being a scalper in the crypto market is indeed very difficult I have done this and I failed because the decision-making must be at the right time. Commonly we are failed in deciding the time of transaction and also the time to take profits.
I do believe that the OP really has his own strategy for why he is abe to get profitable and successful doing scalping, with his own experience, he is good in his own ways.
If you have a plan at the beginning of your trade or the time you decide to open a position, there will be no problem at all. This is also a part of risk management, where you plan or decide your target price and stop loss. But I think I feel you because sometimes we decide to take profits too soon or too early and that's sometimes a tough decision but if you just stick with your plan, it will be good for sure. |
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The answer is again:
-You don't know if the coins were sold or just transferred.
(...)
Exactly. Not all are guaranteed to sell their Bitcoins once transferred to the exchange, no one can know here except for the exchange itself. Some could be only a FUD or trying to manipulate the market. Another thing is maybe this is just for the show of the owner of the wallet like trying to manipulate the market. Some also use exchanges to hold their Bitcoins but that kind of amount seems too much to hold on exchange. We'll never know. |
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I can't understand why Solana is still at the top, when it's been a victim of constant network outages and hacks.
(....)
First, I believe there were no hacks that happened on the Solana network itself. But I believe the hacks here happened to some platform that is built on top of Solana networks, like the recent Slope wallet issue. Solana outperformed most of the altcoins on the recent bull run, ROI is really huge from 1 digit to 3 digits in just a short period of time. Overall, I can say Solana should be in the Top 10 now because of its unique network as the best alternative to Ethereum as a layer-1 network. |
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(...)
any other exchange that supports this fork?
Much better to trust high reputation exchanges here which is more likely those exchanges got a lot of customers or trading volumes. Binance YES, the only issue here is taking too much time (said by others too) but that issue for me is not big deal at all. Another thing is for sure some other exchanges are ready for this event, I believe most of the popular exchanges like FTX, ByBit, OKEX, etc. will support this too, let's wait for their announcements. |
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Bitcoin is Dead? Better read this up https://99bitcoins.com/bitcoin-obituaries/Bitcoin has died 461 timesBut look at on where we now? It do still stood strong despite of different market conditions and situations. (....) Exactly! Seems this kind of line, "Bitcoin is dead" became a meme or just an expression over time. It seems to become a normal expression of people even when they are joking, telling "Bitcoin is dead" all the time. They don't know what is really going to the Bitcoin community, like how the volume of people every day being introduced to Bitcoin, growth is slowly increasing. Most of the people who are telling Bitcoin is dead are for sure only looking on prices. |
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(....)
Assuming using $1000 for swing trading, but leverage 3x in long position, the liquidation price would be around $14000. Can bitcoin dip down below $14000?
(...)
Yeah, I like your choice of leverage, using low leverage for this trade is the best, especially because we are battling the $20,000 level now and there are some fundamental events coming this month, the best example is Ethereum's The Merge, it will for sure affect Bitcoin market for me though. Another thing is you can set your stop loss before your liquidation price, just put it to minimize your losses but make sure it's worth it from your target price. Use risk:reward ratio. |
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Not sure to reach $45K by year-end with the unstable world economy people will need large withdrawals to support needs. But anything can happen, nothing is possible.
(.....)
I am expecting it will happen months before the next bitcoin block halving which is expected in the year 2024. That's why I am still not satisfied with current price of Bitcoin right now to reach on those level, the best thing to do these days is to accumulate cheap bitcoins, like doing the Dollar-Cost-Averaging (DCA) method. |
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I tried this before and I think I fall on their trap before which I think there was an airdrop something about their own utility token which got some huge worth but before you can withdraw those funds off their exchange you need some transaction inside their exchange or it seems you need to buy their own token or have some trading activities with of course got trading volume for some period of time.
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(...)
IMO you shouldn't be amazed at all, most of the retail bots are pure garbage. They are just a bunch of ifs and else statements that utilize the same ol' useless Indicators and shipped as AI. The issue is these "bots" are merely "tuned" to the "most profitable" settings they have found through brute forcing through historical data. (....) Maybe the one you are mentioning about garbage bots or normal ifs and else statements are those script kiddies bots that are available online. You forgot that there are some entities or big traders that have bot some different purposes and those bots are not ordinary, some of them already have machine learning (AI) integrated which over time, collects data or learn from past price actions and more accurate somehow or more precise but I believe it's still not 100% accurate all the time. |
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(..........)
Things to Note:
1. Always apply your stop loss and take profit option
2. Do not trade with emotions
3. Have a good source for signal or information about the crypto your trading.
4. It good to know that your asset can be liquidated when the leverage is high resulting to total loss of funds.
When trading futures assets, one must be prepared to encounter losses as well as profit but it's advice to stay clear if you can't manage your risk.
Another note to add is "chasing losses" this is one of many common mistakes of traders, this also has a connection with emotions because they are thinking that they can make those losses in just one trade or overnight. This act must be handled properly because capital preservation is a must, it's better not to trade than to chase losses because there are still a lot of opportunities for the next trade. |
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*Don't rush into any investment or trade without a safe financial plan. As this could save you from any form of financial wreck.
(.....)
I can relate to this tip and most people also experienced this and made a mistake from this part. Some people that telling or doing some investment with the proper plan is like gambling, which they thought at first that those are investment act but they don't know they are doing it wrong or not expecting the other side effect. |
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Bitcoin dropping to $10,000 by 2023 is possibly but I wouldn't bet on it, too much support seems in place for it to go this low. Sounds like more FUD by institutions to increase their holdings by shaking down and out weak hands and panic sellers.
If the price drops to $10,000, it will be a blessing for those of us who want to have more bitcoins because we can buy them at such a low price that we are just waiting for the price to rise again. The important thing is, if that moment really comes, you must prepare your money to buy it so you don't miss buying it at a low price. But if it did arrive, many people would panic because they weren't prepared for the price drop. And also sure, this time will be the best time for some companies that will start to add Bitcoin to their balance sheet but on the other side, there will be some companies that will have a tough situation because some of their entries or price of Bitcoin they bought will be the underwater situation. |
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