The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?
That means crypto already reached another level as per the total market capitalization that already reached by ethereum. Bitcoin can go even higher than the current price to break another record as well. The correction for ethereum will come very soon. That could become a signal if the massive adoption is just starting right now I think for now both ethereum and bitcoin could undergo a major correction. We know that both of them have reached the new ATH since 2017. Therefore we have to be careful, especially now that bitcoin is sideways, and after sideways there will be a big movement, either up or down. |
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I do not think so. Bitcoin is in a sideway zone which mean the flow of money has been located to ethereum and altcoins. Thus, a small pullback may happen when ethereum surpasses $3k but in the end, the momentum will force the price to break the resistance and create a new ATH.
Ethereum does have a great movement lately. $4k is possible
If in my opinion, after the side ways like today, there will be a big movement, which we don't know whether to continue the trend or go against the trend, which means a correction occurs. For that we have to be careful with this sideways movement, for the price maybe I don't dare to interpret it because if a new ATH is formed it means that the left side of the market has no support and may bubble at any time. |
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what is the purpose of hodling when you are going to cash out it daily ? its not a big deal if price increases everyday but price falls too .
this will only make them more poorer .
what they need is to seperate the money that they will be needing in the real world from the money that they are going to invest . holding is an easy thing if you are commited because this dont require physical or mental work
investment is free money. therefore we must have met our needs and still have savings. and that is the money that should be used to invest. that way we will feel calm even though fluctuations occur, because what we use is like pocket money |
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 I have attached a picture that tells how stop loss works. And how much important for a traders. A stop loss stops from destroying your whole assets. Stop loss means that you feel that if market goes opposite to me then after that point i will exist from this point. So, it is a very essential tool for traders. There are many benefits of stop losses, when we cannot always observe the market, we are placing a measured risk. after all trading is an opportunity, so profit or loss can occur. on the other hand, stop loss prevents us from being greedy, which is usually when we are floating minus then we are afraid to cover losses. even though there is still tomorrow to make a profit |
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My opinion with the recent crash, I think that it is a good opportunity to buy some bitcoin at a lower price and don't be discouraged by a lot of FUDs that says the crash is the end of bitcoin, remember that as long as users are trading bitcoin, it won't die. Bitcoin's lifeblood is the users that participate in its economy.
yesterday's crash lasted only a short time, perhaps because Tesla sold bitcoins on a large scale, which resulted in them making huge profits. but after that the price went back up until now which tends to be more stable. but for me personally who only have limited capital, I have to be careful when buying bitcoin at this time, because for me the price is already high |
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Hey guys,
I have only been using Kucoin for a few months now and I wanted to know what the best method to cash out my crypto to USD would be? Should I trade it all to Tether then transfer to a USD exchange like Bittrex or something else?
Any help is appreciated.
Most common method that I wanted to share with is that buying xrp coins is a good alternative in order get rid of huge tx fees. But make sure that your local exchange did have the availability for this coin to be exchanged towards fiat. Just like what coinsph features, there's an xrp to php pairing which directly converts your cryptocurrency to fiat cash ready for withdrawal towards atm cash card. right, I agree. it will be felt if we only withdraw a little money and are burdened with large fees. therefore converting it to xrp is one way to minimize exchange fees. I used to change it to Doge to pursue low fees, but this time I use xrp for every transaction |
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Trading is hard. 95% traders lose their money. And the rest have to work extremely hard to turn trading into their own advantages. The process can take years to accomplish
The funny thing is, even after years of experiences some traders are still ignoring to learn but want easy profits. They know how hard is trading and what needs to be done here for success but they are not ready to give their best; I understand them that they will keep attempting with trading with blindfold and they believe they could hit like a gambling. When you are not ready to face nothing could help you. Running away from responsibility will never help; either you need to quit completely or you should make yourself ready to perfect trading. Developing skills is the only solution here. it is ourselves who can help us become good traders. we know that in trading we must not be greedy, must be disciplined, create a framework, maintain psychology, etc. but until now there are still many people who just know it, as if it is difficult to do. indeed it is difficult, but not impossible, as long as we have a will for ourselves |
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To begin with, investing is not just for the wealthy; everyone can do it if they have the funds and are willing to buy crypto and hodl it. Actually, we can still diversify our capital, even if it's just a few hundred dollars; we can still make a profit, but it won't be as big. Consider what happens if you put all of your money into one coin and it makes a lot of money, even if it's just a small amount.
Actually, if you've invested in a right and future coin, even if it's just 20 dollars, you can hit some x100 secret gems in defi.
this is very possible considering that currently many coins have soared by thousands of percent. therefore, with the least amount of funds we still have the opportunity to invest and become new rich people as long as we are right in placing the investment |
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Probably due to the introduction of the digital yuan.
They want to change the public opinion on digital assets in general. However, what they don't want is people adopting BTC as a form of digital currency.
Essentially, it's a compromise that they've reached. They're fine with people using BTC as a long term store of value so long as it doesn't directly compete with CBDCs - which is actually good news for BTC given that it can have a place coexisting with fiats.
But it is a dangerous compromise for them, the more people adopt bitcoin the more it will be used as a currency, after all taking into account the bitcoin that still has to be mined and that now a great deal of it is on strong hands that will most likely never let it go the amount of bitcoin available to the general population is too low. This means that it is unlikely they will hold it long term as what it is the point of holding just a few hundred of dollars worth of bitcoin? You could just spend it and if that is the attitude the new adopters of bitcoin will have you can be sure it will be a threat to all of those centralized digital currencies. I think it's still a long way off if BTC will be able to coexist with Fiat, even though both will use the same system, but Fiat can only be used as a transaction tool. different from bitcoin whose price is getting higher. From this I only see the reality that until now bitcoin is only effectively used as an investment tool |
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Some people may be taking profit like Tesla did in the Q3 report but the way I see world economy today, there are a lot f free money out there looking for where to invest their money, where in the world do you feel safe to invest your money and give good return like Crypto, Gold, Real Estate are good picks but the return is not close to the huge return from Crypto and I believe those selling now will buy when it is more expensive
Selling off with their bitcoin at this time of correction is still a strategy for some investors to make profits as they have still plans to buy back believing that bitcoin price will go deeper. While some investors are into panic selling more particularly those newbies, other investors are holding their bitcoins even if big correction comes, they won't resort into selling because there are high chances of profits if you'll sell bitcoin when its already in its peak price and not in its deep price. if you pay attention to this kind of thing as if it were a game. when there is a panic sell and most of those who do are small investors as if they are left alone, until there is an opportunity for whales to buy in large quantities and create panic buy and finally got profit |
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If this pandemic occur from nothing to something then there's also a possibility that more pandemic will hit us sooner or later.
If we have a little bit of faith in spirituality. It is something very frightening and the scope of belief will be the way we fight it. Just searching, Abhigya Anand, this boy named prophetic prodigy somehow predicted the day of the 19 covid pandemic almost accurately. I was stunned to accidentally glide over it. It happened and made the world flutter. It is the one that has driven bitcoin to date. History is difficult to repeat if we do not take precautions and solutions. floods, natural disasters and forest fires are repeated every year. That's the reason, and it was ... I have read that this magical boy from India, besides being good at predicting, he is also good at metaphysics and is an expert in solar systems in his own way of explaining it. it was unexpected that most of what he said was true. maybe covid won't come back, but the pandemic will come back again |
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The world is frustrated like me for this serious virus attack. The economy has fall down globally and the people are surviving still now and we don't know when the situation will be on controll. The main fact after that what will be the economy i can't think it right now cause the world still surviving a lot so hope the virus will finsh first.
- A real darkness is covering and hiding the economic future after the pandemic is over because Covid's damage statistics are still growing, India is perhaps the most dire country in recent days, the number of people in danger and death is reaching record levels, very worried that Covid is not over even when many governments have provided optimal treatment. Once again judged on economy, it is still a topic that is too early to discuss but we will not be able to smile at such numbers, this is the lives of so many people India is indeed warm to hear about the ceremony at the Ganges River, they do not care about health protocols, and in the end they have to pay a heavy price with the explosion of the Covid case in their country. Currently, many countries have started a new normal in the economy. |
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Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people
I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it. Yeah right people just sensualize the situation and they want the company to hold for long term which is not really possible due to risk involve. I myself don't see any problem with what tesla do since its really the same to us that if we earn already we choose to cash it out, In the case of tesla imagine how big they earn already so its good for them to take the profit and try again to earn more next time, business is business so expect more to come from this about this. what Tesla did was right, like a business, the main thing is to make a profit. and buy at a low price selling it at a high price is still the principle in trading. they make big profits selling bitcoin and they can hedge funds to other businesses |
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I think rich is someone who has financial freedom. they seem not to think about economic problems to make ends meet. even the income and assets they have are sufficient to meet their daily needs
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If we look back when our ancestors still lived a nomadic life. their social status is equal. no one is rich and no one is poor. each individual does work by the expertise to get food (survival) and each result is divided fairly according to their respective needs.
If today every country and government has a fair lifestyle, I believe there will be no more poverty.
in my country such a system seems less suitable, where nowadays there are always the rich and the poor. the rich will need the power of the poor, and vice versa the poor will need help from the rich. Even though the government itself will look after the poor, I don't think it's very effective, where in the end we ourselves have to fight for our own welfare. |
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Only we ourselves are able to find an effective investment strategy for ourselves, because we cannot imitate other people's strategies to succeed.
Because everyone must have their own strategies, therefore do research and analysis before deciding on an investment. After finding a suitable
project to buy, we just determine an effective strategy, so that the profit generated can be maximized. It requires a long process until we find
the right strategy, not success in investment that is achieved instantly. So be patient if we experience failure, as long as we don't give up,
then hope is always there.
You have a point. Every one of us has our own effective investment strategies because if you will just copy from others there's a possibility that it might not work on your playstyle. You gotta work on your own strategy, it may be failed at first but you will be able to calibrate what is perfect for you and that can be called a trial and error process. Like in my case, I prefer to make some research first and plan what to do before taking up an investment. Just being knowledgeable and have enough experience is primarily need to survive in this industry. indeed everyone has their own trading style, but everyone has the same goal, namely profit. therefore we really have to keep looking for our comfortable trading style, in order to survive in the world of trading. Besides that, don't forget to study the market technically and fundamentally before investing |
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I think in 2030, The new comers in crypto market have a dream to buy 1 Bitcoin. Because at that time bitcoin is very expensive. And it is very difficult to buy bitcoin. Because bitcoin future is very bright. So, buy bitcoin and hold it till 2030. Your portfolio will be 10X.
By 2030, we can expect bitcoin to be valuing more than 10 million dollars as per many people's speculation. Yes, people are expecting bitcoin to have at least $100k by end of current bull cycle which means by 2024 halving and then 2025's bull run, we might see 1 million dollar for bitcoin. After that we will have another halving in 2028 and 2029 will be another bull run year where bitcoin may grow another 10x. So, it would be literally impossible to buy 1 full bitcoins by 2030. Many surprising things have happened to bitcoin, where many people did not expect the price to soar above the highest price of 2018. In the future, I think the price of bitcoin may bounce back from the current price, given the constant supply, but that requires more people |
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I remember last year when it crashed that was a blissful moment for me, it was a pandemic deal and I am sorry for all the lives lost to it, and I know it was all around a horrible year so far, but I have managed to buy bitcoin for very cheap and watch it do 10x right away, that is why I like bitcoin, if you know when to buy you could make a good profit.
This is why I buy every time it falls, if it is a 10%+ fall I will buy it, if it is 20%+ fall I will buy more and it goes on like that. At the end of the day I believe bitcoin will be doing fine, so why would I get scared and sell? It will recover one way or another.
You're so lucky enough, not everyone have ability to take a decision for buying at lowest price and selling at highest price. If they can take it, they dont have money to buy it hahaha. Thats happen on me. Sometimes I really watch the candle when the market was bearish, and talk to my heart if I have money, this is the right time to buy them at cheaper. We can always see that kind of opportunity if we do have money to invest, being experience as an investor or trader, we definitely have an idea already on how to make the right decision, and usually when the price dip, it's easy to make a decision to buy and selling at a profit is not also a problem since we believe that soon the price will correct and we will be able to start accumulating again. Just doing the same strategy over and over, it would already make us financially successful here. it seems easy to do so, we buy low and sell high. but in practice many people are stuck in that situation so that it is floating minus. of course experience is the main asset, because we believe the market will move up and down without anyone knowing what price will stop at |
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I think COVID-19 in 2021 people are getting used to this virus, because we have been dealing with COVID-19 for more than a year.
So, indirectly, many people have started to understand this virus, it is very different when in 2020 panic occurs everywhere. Even in
my country people are no longer afraid of this virus, because there have been so many violations of health protocols in my country.
It seems like many people are getting tired of facing COVID-19, in the end they seem to underestimate COVID-19. And this is what
makes the spread of the virus uncontrollable, this is what makes me sad. We should continue to fight against COVID-19 by complying
with health protocols, and waiting for new vaccines more effective to be found.
they think this virus will always exist as long as there is no vaccine that can really break the chain of spread of this virus. They are certainly tired of living with all the limitations set by the government so that many ignore health protocols, but even so this virus cannot be underestimated, it can be infected by everyone without any indication symptoms. Even so, everyone certainly needs a normal life as usual and must be able to fight this virus, but don't panic and stress too much in the face of this pandemic because someone's mindset can certainly turn things around to face this pandemic. If conditions remain the same as this, I think one day there will be natural selection, where the strong will survive. because we know a lot of people ignore health protocols. Moreover, human needs run continuously, so health protocols are very necessary as long as we interact with other people, and in other places |
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