I think beyond that will resist the Bitcoin price and that's not impossible. The resistance of $25k isn't impossible and I think even $30k with is this year. There's various good news that happened around and I think that is the reason why it keeps resisting the price.
It's normal for people to predict a higher amount when seeing the market is green and when it's red, it's expecting someone to ask the button line. It's a human instinct.
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Of course now my portfolio value is down at least 95% or so because small cap coins always lose way harder during a bear market then the big ones. If you are willing to take the risk then you are free to do so although in the end you should realize that the big profits you get from altcoin are down to luck. I mean every altcoin you own has no real use case, you just hope for volatility, and if you make a profit sell it and convert it immediately to bitcoin. This needs proper DYOR if you want to pick a new project on your own, it's a high risk that could anytime you will lose. I sometimes do this and follow the trend and the hype is over and your profit was there, there's no need to become greedy and wait for more profit to come, divert it into a new one that has a trend. It's very risky but if you're lucky enough it's profitable. That's why if you want in a safe position in investing crypto, just give a large allocation in investing Bitcoin in your portfolio because every coin will follow the Bitcoin trend, if there's a bull market, every coin will follow.
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..we can trade more than 19miilions coins on exchanges with leverage like: an institution have 500k bitcoins and they are trading on 50x leverage (it's obvious no one will take this much risk just for example and understanding) and more like people or institution like this than we can rich more than 19miillion coins or more than exchange's reserve , and buyer and seller are also agree to trade (totally hypothetical or don't know we already trading like this or not)
is it can happen can we trade just numbers
As you've said, if that is a huge amount put on exchange as a future trade no one will risk that big amount and trust the exchange, because people now learned how to store their own Bitcoin and of course have full control of the private key. As pointed out above, on a centralized exchange it's only just a number because that's not recorded on the blockchain. So in exchange, there's no real number of Bitcoin. The total Bitcoin supply should not exceed 21 million, nothing will break the code of the Bitcoin protocol and add an additional number of Bitcoin total supply.
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Thanks for that initiative it'll really help Bitcoin spread more in your country and the awareness. But that's incomplete information, it might be at the back of that piece of paper or flier put a link where they can search and study technical aspects of Bitcoin, just follow the link suggested above because that's very informative, especially for newbies who are curious about Bitcoin.
Not only talking about financial and gaining potential profit, but it's also very important to how they will protect themselves against fraud and scams and how to have Bitcoin in a decentralized way. Bitcoin blockchain network has a lot of stuff to use.
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89 - sheenshane
Thank you cygan!
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But based on the Coinatmradar.com, they are in third place which means they're not only the largest Bitcoin ATM company in the world. It's BitAccess, followed by General Bytes and them. Not unless this website is outdated. That's great news, since 2020 based on this data, Bitcoin ATM machines was been rapidly increasing up to this year. It's over 38400 total Bitcoin ATMs have been deployed in different places.
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.. in order word I stand by advising everyone to engage into business with cryptocurrency.
It's confusing, just like all comments above the same as I thought, I never heard of Bitcoin core in the crypto market. It's only on the Bitcoin transaction, it's a program to use in the Bitcoin blockchain network. Read further here, https://bitcoin.org/en/bitcoin-core/. Now in trading, it doesn't mean you earn money trading it's meant for everyone. Trading isn't meant for everyone, it's only for those who have skills and knowledge of it because it's very highly volatile. The last part is, trading is not a form of business, when you say business it has a sustainable production income consistently. But in trading, it seems like gambling that the potential is very difficult to make money consistently.
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Just how bad is the bear market right currently? . . Is the Current Bitcoin Bear Market That Bad?
That's not bad, but instead, you've been given an opportunity to invest more while the market has a correction which this is a part of the crypto market price behavior, and becomes unpredictable due to the volatility price. If you invested currently at a high price then there's a sudden correction, investing in a DCA ( dollar-cost averaging) way is the best for you. There are too many big investors waiting for their investment to grow, just like El Salvador, the value might reduce but it considers doesn't have a loss if they will never sell their Bitcoin. If they owned 1 Bitcoin, it will remain 1 Bitcoin. But one thing that I'm afraid of most, is what IF all of these institutional investors have the same profit goal and sell their all Bitcoin, it surely makes a huge impact on the market price.
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Diversify investments into a lower risk that suit which is investing based on your skills. Investing or trading always matters in the skills and knowledge that you have.
In the historical records of stocks, there are a lot of people has been benefited and generated generous returns from it and it's possible on your side. Trading might be tricky, but if you've skills, go for it.
Both markets are volatile, never expect a quick return or it's not guaranteed. It's better for you to understand these circumstances before choosing the right for you.
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That's my attitude before, due to laziness I didn't read the terms and conditions, who wants to read a long paragraph of more than 2-3 pages to read? That's why I prefer to look first the FAQ before the TOS. But that's still wrong, it should be encouraged to anyone to read the whole terms before using it. But now, I already understand that all centralized exchange has almost the terms, they're not liable to hold your fund, and they surely ask for KYC, that's the common terms that they have and I didn't surprise. Reading TOS is very important so that you know what you are going to do if you accept their terms then make sure you follow the terms to avoid future issues like what happened to most of the newbie traders out there that always skip reading TOS.
I tend to agree with this, it should be knowing the TOS first and OP was right. I even admit that I'm one of them before. Take note, not only on the exchange, any platform must read first the terms, even in gambling, to avoid being violated in the future.
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what do you think everything i do is it wrong or not?
It might your neighbor will blame you someday if you didn't technically explain it very well. There are too many things to study first before having Bitcoin on your own and I think you should know these too. Things to remember basic information that should know. - Store your Bitcoin in a non-custodial exchange (not your keys, not your coins)
- Learn to hold and never sell when the price drop
- Understand the risk because it is a highly volatile market
- Never share to anyone that you hold a large amount
I think you did it right but make sure your neighbor understands those I mentioned above if you don't want to get blamed someday.
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Good for you and yet you recovered your heavy losses. But I think in future trading you still predict the market of your future trades, it's a coincidence that you opened a long position that exactly the market was resisted. This is the advantage of future trading, you can hold a trade as long as you want but make sure you have enough margin to keep it open which I think you did it.
Try to do the same pattern next batch of your future trade if they have the same result, my guess is not. But if the market price keeps growing, there will be a chance.
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Stay away from trading by technical analysisHODL instead! . . tl;dr: HODL, don't trade! I tend to agree with this and I think you nailed the right point. I tried trading once when I had free time when I don't have a small business outside but now, I can't focus too much on crypto just like trading which is time-consuming, or else, it's a wasting time. Technical analysis won't work, it might I believe in fundamental analysis that's based on news than this technical analysis. It's always the price is unpredictable. I learned to HODL in the long-term and aim for profit than trading. But, if you want to gamble your money and have a short-term of waiting profit, trading is good for you. It's a high risk if you're lucky enough, there will be a quick profit too.
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I never tried to use this wallet but it seems good if we know this wallet better, I've done also a short research, and I see not bad at all though there are minor problems like coins support I think that is very common on a decentralized and open-source wallet. In addition, they also have Twitter and Reddit accounts which are also good to follow if you're interested in them. I read on Twitter they have giveaways. ..but I think they are using some third party centralized exchanges. Yes, they're and it's Changenow.io which is I think NOT good for me, it has a high fee.
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I have always wanted to ask this question but this days my schedule has been less tighter, why is it that whenever you get your recovery seeds and you import to another wallet your address will change?
No, it will not change. Check the transaction history if there is. For example coming from Trust wallet and importing to Metamask you will get a new address, do these crypto wallets work differently? What is the trick behind this? Yes, they are, but once your wallet is imported, it works in different features and it's kind of a very tricky step. Just read this article and it will help you a lot. https://decentralizedcreator.com/import-trust-wallet-to-metamask/
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These could be the most common now. Don't stick to one indicator, if one of them has consistent failures, switch quickly to another one. There are too many of them to use, just DYOR for it if you really learn some indicators.
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El Salvador started to buy bitcoin when the price was $50000. 2022 was a long bear market, El Salvador bought bitcoin again when it decreased to $30000, the price of bitcoin continued to decrease and got to less than $20000 when Nayib Bukele announced that El Salvador is now buying 1 bitcoin daily. It might look like a failed plan, but a time is coming that bitcoin would get to $50000 again. With the averaging strategy used, El Salvador would have be gaining by that time.
Which is not IMO. Why? Because I didn't hear them selling their Bitcoin, they might patiently wait for the right profit on it. I see the dedication of El Salvador towards holding Bitcoin and now, they keep spreading awareness to the people through Guajardo's Bitcoin dressing. The country of El Salvador is known as the first country that legalized Bitcoin, so it represents the country wearing a golden Bitcoin suit. We should be thankful for a country like this that will help Bitcoin promote nationwide and might other countries are now aware and also other people of what Guajardo's wearing.
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A problem would be this, once there's one crypto that will scam people, it will damage the entire cryptocurrencies and one of the major get affected is Bitcoin. Because they didn't understand yet first how it will work, another factors also these, there are too many victims of Bitcoin double scams or in a cloud mining investment, and once they get failed, they called Bitcoin a scam.
So I tend to agree with the OP, have deep research before jumping into Bitcoin investment. I don't know about altcoins but it seems 1 or 2 of them are potentially good IMO.
However, there's always progress that I've seen which keeps spreading awareness, and this might be the reason Bitcoin adoption also spread faster than before.
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