The way some of us are acting can really result to something else that we didn’t expect. I must refer here the treasury guy of mtgox. I believe he must be still selling whenever bitcoin is showing some bull run due to some positive news from around the world.

Lots of people here are very greedy and they never care, all they want is rip out the community and run away, and after they come back to do the same thing again. They don’t even try to think and consider what it may lead, and these kind of people are the same that comes here to complain when the price is down because they expect the price to keep going up forever, they want to be making profit and expect others to be losers cause they think they are the lucky ones.

Random results are teaching us to expect the unexpected from gambling. We may gamble with same set of everything but the results will be definite different. By considering this, on what basis we may put our efforts with gambling ? We may work hard but results will be something different from what we expect ? These are the reason why many veteran gamblers from this community always emphasizing about "accept whatever result you will be getting". Because only due to aiming for something and then chasing that and finally getting addicted is the consequence.

Hard work is good and must be appreciated but senseless hard work will definitely lead to ending up in vain. We may work hard for something to achieve but we must avoid working hard when we are well aware of how that work will result in.

India is just crossing 100 runs, seemed a big achievement for them against the "moving" ball. Both rain and swinging balls are playing a vital role in this second test match, lol. Compared to first test match, Indian batting line up struggling a lot in Lords. I found few sure-shot betting opportunities but due to non attractive odds, I just ignored them. This is the problem of one side dominating matches. All gamblers are betting for obvious results and the odds are not in making good profits for our guess-works. (Before I finish up this post, India got all out for 107 runs, I guess I must stay away from this match ).

It is funny actually though that I am seeing a lot of people in support of strategy helping them to win in gambling. This is purely centered on luck and sure the only way you can bring about luck into the equation is simply the idea of probability which is still a math of chance anyway and all you are doing is make predictions.

Yes for the likes of martingale, blah blah, anyone without strategy may not even get the next roll, but all these things do not make one to win like you said, they can only help to play the game which someone who is so dumb in strategy anyway can still do so.

Yes, there is actually no point losing hope. It is the market, we are presently experiencing the correction, it is not the end of the world or the end of bitcoin and the general cryptocurrency market and in cases like this, it is normal to see that things will surely pick up later on when the bear trend is over. In bitcoin environment, the FOMO last year was a huge one and simply nothing apart from speculation and manipulation drove it, and those who were wise enough knew where that was heading. Similarly silver market also will find different trend in coming days for sure. We all must make use of current dumps as silver has many real time applications hence at anytime it may bounce back.

Well, things are always bound to get a lot worse when the person refuses to get equipped with the necessary knowledge needed to stay on top of their game. In any investment, even outside crypto, being vast in that area will always help you never to make some sort of silly mistakes in the long run and with that it would be easy to make good call and decisions as the case may be and without it, it gets easy losing even much more unless you just get lucky.

Committing a mistake is natural for anyone but only wise people are not repeating the same mistake whereas all other people are doing same mistakes again and again and finding themselves poorer after certain period of times.

Probably we are entering the stage where economic depression may end up so huge and those who are smart enough to choose the crypto world as their safe haven quickly will be the ones to escape those moments, and it is so drawing so close. You just stated the obvious fact and it is so surprising that when we keep talking about bitcoin, a lot of people with their B.S talks really do not understand that fiat system is actually the shittiest as things are.

Bitcoin is being adopted by many businesses and many new business concepts are being innovated around bitcoins now a days. When this is capable of leading into another revolution in terms of generating new employments which will be the core reason for money flow then we can expect global financial crisis will find an end.

Yes, there is no "instant profit" from anything. Not trading, not business, not stock market. Whoever says there is a way to make money that easily must be either a scammer trying to make money from people like you in a shady way or maybe they are delusional thinking they can actually do that and try to get it in that with you as well. Do no believe in neither of those types of people because there is literally NO possible way to make money  instantly in any way.

Some people I have heard of doing arbitrage trading which give them the room of making instant profits out of price gap of same asset but in different exchanges. But it involves lots of hassle as it requires moving out funds from one exchange to another and the time required for approval of withdraw and network confirmation for deposits may kill your target of catching the price gaps.Hence, it is not a way of making instant profits.

Most of the altcoins are actually showing some very good signs of reversal as they have reached the oversold state with some pretty good bullish divergence. Still knowing how volatile the altcoin market is, smart moneys may actually be considering being very careful of entering any altcoin market at this stage until there is a clear sign of bitcoin ready for a short upward movement which in this case, I will expect to see some very good one for the alts. People do consider trading altcoins for the reason for multiplying their bitcoin numbers in more quicker time but unfortunately all the traders are not successful with their attempts.

Yeah, and the issue again is that a lot of people are so much focused on ICO short term that it clouds their long term judgment. Anyone who trusts and believes in a project will really not bother about the short term and focus more on the long term and even during the phase where things go awry or lower than ICO price, it will simply be a moment to buy more and stock up for the market to recover which it definitely will at least from experience.

Moreover, the coins/tokens which are trading below the ICO price does not make them unsuccessful as that is temporary anyway and moreover, the general market is in a huge bear trend which makes it understandable that at phases like this, it is not actually that easy for markets to thrive easily without getting dumped. I see it as a time to at least acquire some at the dips and use it as a means to get more profit when the general market recovers eventually.

For now, we may actually see the possibility of a bounce around $5k, but nothing is guaranteed and that bounce does not mean we are totally close to getting in on a nice ride eventually since the possibility of coming back to test that lower support and breaking it is still there, but there is going to be a short term psychological support at around $5k which could help for the mean time. Nevertheless, lower than $5k later on is still in play.

But, I am reading few positive news like listing bitcoin derivatives into some exchange in USA by November month. If anything that will be happening then we can sure about having price levels around $10k and then $12k levels. I too must agree this period of August to September will be crucial for bitcoin markets.

But we are still in a bear trend, nothing has changes in that, and so far, the bears are still in control as far as I am concerned. What we have now is just some simple retracement to the upper side to at least down the tension of the downward movement which is more like a short correction, and with the wedge formation, the likelihood of continuing this trend is simply there which obviously would for sure cause a drop in cap anyway.

I should be expecting to see some downward movement in some hours from now. I guess we will have to see how things will be turning out but I would not be surprised if we go as low as $6100 or a little bit below that. Bitcoin volume will show significant changes only new people joining the club to adopt bitcoin, I guess it is happening simultaneously but in less ratio.

Institutional investors are common for any market and we must welcome them because the impact they might create will be big and making use of these investors are up to individuals. As bitcoin is still in its early stage, we never need to compete against those big whales, we may go for encashing at our own pace.

Still, the main rule of investment is diversification. Putting all your eggs in one basket is one thing I am sure a lot of us have heard about how bad it really can be as well as the risk involved since you will have to end up limiting the risk and in the case of a huge drop, you end up screwing up all your investment. Also, it is necessary to always study where you are putting your money and be rest assured you are making the right decision most of the time.

It is still too early for the bulls to pick up and even if there would be a bull moment anytime soon, it would simply be a short one before we may end up seeing the final leg and may be some consolidation before the trend eventually gets to change in the long term direction. Bull market is still a bit far now and anyone trying to consider it any moment now will likely get disappointed. I believe in the future anyway and that is what counts.

I just checked in bittrex exchange and I am seeing most of major altcoins are bleeding along with bitcoin. Yesterday bitcoin was trading above $7000 levels but now it is trading below $6500 levels and altcoins are suffering regardless of bitcoin is trading up or down.

I like to suggest all the big ones, they have a great reason to be there. Bitcoin, eth, ltc, xrp they all have a reason to be right up there. I also enjoy nano since they have a great tech behind it with their app on the smart phones they actually managed to get a great payment processor with nano. If they can somehow link that with peoples accounts on fiat as well than it means people can send money to each other easily and instantly with no fee's.

Instead of investing only with 3 coins, we must diversify more. Just being big ones now, will not ensure big returns in coming years. Yes, anything may happen to anyone at anytime. My recommendation should be, at least 10 different coins. Different in the sense, application/algorithm/price levels and everything. Choose wisely.

I believe that's the biggest difference. I had a friend who got lucky and made 30 bitcoin back when bull market was around, couple of funny illogical trades and he was living the life. Yet, I also had a friend who sold his freaking car to get into bitcoin. Now we are talking about two different people, one started with 30 free bitcoins, the other started with his car.

Of course, the one with 30 bitcoin made more money because he did not panicked and he hold of his investments until it made money and sold them if they hit the stop loss. However the friend who sold his car was always in stress and always made mistakes because he had a lot to lose. Never invest money you do not have.

We are currently trading far below $7000 bitcoin can go as low as it wants as no one knows, but we can only estimate the worst case scenario which in this case, I may consider the range of $6500 to $6300 before a bounce, still an assumption. Honestly I would not actually be surprised at all if we get to see the price go as low as this.

So far, we have seen the behavior of the market as it tends to move downward most of the time, and the fact that we are still in a full bear trend. The possibility of moving below $6000 is not seeming and I would not be surprised if we get to see a new ATH before the end of this year. However, time and trend is all that we have to know how the market would end up fairing as time goes by.

After the week-end small down fall now prices are recovering above $7100 levels. Bitcoin is such a swinging volatile thing that even when you open a topic in couple days everything can chance and actually IS changing. Unfortunately when OP wrote it the price went from $5.8k levels to $8.4k levels, then went down to $6900 levels. However, I think its still pretty decent, we have stayed at $6k at worst times and around that for a long time and when it went up $8k we started to expect $12k or what not however it is good as it is without going even further up, after all it is not $6k anymore which is the only thing that really matters.

Do not focus on why its not going further up, focus on how much it went up already. Otherwise, you will never be happy because your greed will always want a lot more than what it is.

Tradingview has been good for me so far (I am not recommending any services here but just sharing what I have experienced). I think tradingview both gives you ways to trade, the ways to check out long term coins and some ways to write your own pine script so you can check what stays with you and you can check backtesting to see how it could have worked (of course know that just because it worked in the past doesn't mean it will work in the future as well). So, in the long run if you are looking for a way to become a better trader in general either daily or long term or however you want than knowing how to use tradingview will help you immensely and you should get a membership there, it will make you a better trader right away.

Thats true people that make money from trading usually just flocks together and not leak outside. Hence when they make money and become successful and rich we do not hear about it.

Gladly we can see that the people who keep losing money and react badly when the markets shifts we can see them cry here like you said. That is why people think that only rich people make money from trading and poor people keep losing money on trading, I have seen a lot of people that are in crypto that started out with less than a bitcoin back in the day and owns over 30-40 btc right now, they just don't talk about it and flail their earnings all around.