There are sooooo many projects under ERC20 that, if you remove all of that, we are looking at such a small amount left in the smart contract or defi world. It is definitely not something you should be looking at, it is something that you should be calculating with everything else.

I wouldn't go as far as saying ETH won the defi war, but I would say that ETH is basically leading it so far and that is not a bad situation to be in. Obviously some people may not like to hear that, but unfortunately that is the reality. Are there other projects who make some profit? Of course there are, but that doesn't change the fact that they are far behind ETH.

This is something that happens in every aspect of our lives, we see things that others have achieved and we would want to achieve the same thing without even knowing how far it took them to be able to achieve such. Due to reasons like this, a lot of people has been misled in the cryptocurrency trading market. They always try to rush things, they don’t even have patience and they don’t take calculated risk at all.

I cannot say that I am 100% sure that these telegram groups that are providing signals for trading cryptocurrencies are reliable. I have never used them for once, so I do not really know how they work and I’ve never even gotten the slightest interest to try them for once. My main focus has always been on learning how to study the market myself and make the predictions, instead of having to rely on someone else doing it for me.

I do not agree with this. If we keep the cycle going ourselves, then it will be a cycle, if we stop that cycle then it will not be one. People forget that it is us that decide where the market will go, many people react like there are some other power that changes the price of bitcoin and that is how it is decided but the reality is that it is not how that is decided. You buy it and make it go up, you sell it and make it go down, there are no other third party that ends up changing the price.

This is not some automatic market that goes up and down in circles and you just need to enter at the right timing, you just need to realize that market will do whatever you say it will do. In this case, it is not YOU of course, but a general "you" as in everyone. So if everyone wants to take it higher than we are going to see it go higher.

But who are all saving in fiats? I read the interest on bank savings like deposits are yielding at a rate which is lower than inflation rate. So, there will be no point of keeping fiats at interest rate lower than the rate at which day-to-day products are increasing.

These days bitcoin must be highly returns producing investment opportunity hence choosing it will help anyone to bail out the problems of higher inflation. Hope people from around the world will understand and make a right decision for their hard work. No one will prefer to stay or become poor and when we are spreading the awareness of bitcoin investment opportunity then people will adapt bitcoin for their better tomorrow.

We need to realize that sometimes crypto could become a liability and sometimes it is an asset. If you are just buying with the hopes of getting rich quick and you fail, you are holding a liability in your hands since you may also need that in the near future, you didn't calculate it becoming an asset and you just wanted to turn a quick profit.

This could result with people using their rent or loan payments on crypto, a horrible idea but people do it anyway, and they end up selling for a loss. If you want to get into crypto, then buy it for the long term, think of it as something you can't touch for 20 years or until you find a better investment. When you are ready like that, and hopefully making a profit, you will get in more and more and you will be ready to actually make money from your own money and do not have to work again, that's how you build wealth.

Actually there is no difference between those who you call investors and those that you called the hodlers. They are both the same, and it is all investment, whether you decide to hold it for a long time or just for a short time. When it comes to investment, there are short term investments and long term investments, so it’s all about the investor and how long they can be able to have patience. And both of them can make impact in the market.

There’s always money that is still going in and out of the market, and it doesn’t matter whether it is coming from someone that is investing for a long term or short term.

Newscrypto is a nice platform for learning about cryptocurrency trading. There are lot of things that you can learn for free on their platform, and I think your friend should make use of it because as time goes on as long as he continues to take his studies steady, he’s going to benefit from it. But, he should be very careful with the way he makes use of his capital in trading, because no matter how good things might seem to be, there are still times that the market wouldn’t be that good and you will end up losing money. Try to let him know the necessary that he can use to help him as well.

How different countries' based cryptocurrencies will be having positive effect on bitcoin market? Or what do you mean by that? Because, I am seeing that some countries are developing or already introduced their central bank based digital currencies which are not positive for bitcoin market basically (at least in short term). So far, only one country has declared bitcoin as legal tender but they are not buying bitcoin for billions of dollars but buying like a low level institution which is the reason that news is not bringing any impact to bitcoin market.

Bitcoin is always positive in long run and we do not have any clear idea about the trend only in short run. Yeah in next few years bitcoin must be trading above $100k levels but the price level in next few months is a mystery.

You sound like you are good and experienced in your approach but in the world of altcoins, any cryptocurrency could be replaced by another advanced coin which must be a repeating event in altcoin industry hence your fundamental analysis may not help you in long run. I am saying this because litecoin, dash, monero were leading in altcoin space few years back but now preferred coins are something completely different ones.

Could you justify how strong fundamentals are for these coins; moreover you must build a portfolio based different application based coins for diversification reasons and here I guess sol and dot are based on dapps.

Definitely a stupid idea.

Adopting short term trading just for the reason of high values of crypto is showing about your misunderstanding on crypto investments. I agree that no one could afford right away $43k to buy and hold bitcoin but why you bother about the price of cryptocurrencies now.

You must need to bother about your monthly affordable fund to invest into cryptocurrencies. It can be $50 or $100 or $500 or $1000 or $2000 or even higher than that. Just decide and buy cryptos only for that amount and keep your cryptos for years.

When you regularly buying cryptocurrencies then you will start seeing about your portfolio value increasing slowly over the years which might get you at least 10x growth of your investment money for the case of bitcoin investments.

They should really be concerned about issues like this, and try to know why developers keep leaving their platforms for others like Ethereum, and so on. Because if they keep letting this happen, they are going to be the ones that are losing, as other platforms will keep taking away developers from their platform.

Because all these smart chains, their main way of being successful is through the number of tokens or projects that are being launched on them. So, the more that they have projects being launched on their smart chain, then the more that their platform is going to see further growth. So they should try to solve whatever issues that they are having with these developers, so that they can stay back and continue developing on their site.

The most important thing is that their government embraces it, and continues to allow people to make use of it. If their government does not allow it, it is going to be a bit of a challenge for some people to be able to make use of it. I’m not sure about them making Bitcoin a legal tender.

El Salvador has done it, and it’s good that they did, but we are not really sure if other countries are going to follow them to do the same thing. Right now all we can be asking for is that Bitcoin continues to grow, and also that there should continue to be more adoption of Bitcoin everywhere around the world.

I am not ready to agree that this kind of bearish market movements are unexpected. People who are into bitcoin market for years definitely expecting such kind of market situations always and if you are having enough funds in back up then you should go for buying the dips with plans of holding for long term; this way long term holders are making use of bearish market.

If you are good in technical analysis then you can go for frequent buying and selling still the market is too smart to trap you at any point. This is the reason long term holders never prefer active trading.

Yes, that is the problem of people who never believe into the future of bitcoins; they definitely will get trapped by panic selling or by whales manipulation. If OP took time to go through this forum then definitely might have decided to sell off their bitcoins for a loss. Yeah, if we manage to hold bitcoins then definitely we will get profits in 3 to 4 years which means we never need to sell in losses.

Moreover in my opinion, it will be highly impossible for any trader to make 1 million dollar out of 30k dollars. Because consistently making profit may not be possible for anyone but holding for years may do the trick.

Thanks a lot for this topic which is one of the useful topic for all traders here as it must be worthy one to bookmark for frequent referring and to suggest to all the beginners who come up here for searching resources like this. I just wanted you to confirm that all these resources are used by you for some considerable period of time and verified. Also, it would be too good if you open up on what are the basic criteria I need to follow to suggest you any useful services I am into for suggesting here to add into your list.

Yes, everyone is expecting like got "programmed" because we are all got used to such 10x growth in previous 2 cycles of bitcoin markets. Repeating of history is most common scenario in all markets hence it seems no one is hesitating to speculate about the possibilities of reaching $100k in this cycle. But, pandemic might be playing a spoiler role here.

We cannot say that we are already into the bear market as bouncing back may happen at any time. Support around $40k is strongly holding and bitcoin is trading positive since last Sunday hence probably we might have reached the bottom of 2022, who knows?

This time around I am making sure that a good amount of my money is being stored as Bitcoin or any other good cryptocurrency, but most especially I store my money with Bitcoin. This is very important, and over the years I have reaped the benefits of doing that.

Whenever I receive my monthly salary, a part of it goes into Bitcoin and I just keep it there as savings, and then the rest stays in my bank account, and that is where I do most of my expenses. Sometimes I can also decide to do a little bit of expenses from my amount that is stored in Bitcoin. I just try to balance everything, and it has been really helpful, if there happens to be inflation, I am not losing much.

Definitely a great time to pick up some coins. I know that not all of us have stablecoins stashed aside waiting to use them. However I have to say that it is clear to me how we are doing something that is dangerously great and at the same time terribly risky whenever we put our own money into crypto and take a huge risk, and I do not mean like savings and all, I mean literally money that we are risking and need.

It is always said that if you can't afford to lose that money, then you should not invest with it. However unless you are putting up your rent or something, it is clear that you would have spent that money and you could have still lived without it if you invested. I probably have like 200 bucks every month that I could put aside, which is a huge amount in my nation, but I usually spend it, save like 50 to 100 each month depending on the month.

Everyone wants happiness, and when you are doing something and you’re not getting that happiness you need, then it is best to avoid such thing. Anything that I choose to do I always make sure that I’m doing the things that I’m going to love, and also things that whenever I am doing them, I will be happy doing those things. I’m not in for the kind of things that I will feel frustrated whenever I’m doing it.

If you choose to be doing something that will frustrate you, something that doesn’t make you happy when you engage in it, then it is not worth it. Although sometimes some of us do choose things that are not meant for us all because we think that we are going to make profit. But it’s usually best to do something that you are passionate, and good at doing.