I believe everything will recover, there is no rush into this, let things be things and eventually you will see that bitcoin will go up. Obviously not everyone will be capable of actually profiting from this because some people got scared and sold their coins at lower levels and that means when the price goes up they will be sorry that they sold it, however I believe there is a chance that we could actually see that increase bringing those people back AND some more people on top of it.

I have noticed that whenever bitcoin price goes up, there are more and more people, when a crash happens some of them leaves and some of them stays and that is why the number constantly increases. Eventually "what is bitcoin" 5 years ago became a question no one asks, everyone knows bitcoin and heard about it, I feel like more and more will be even involved with it as well.

I believe there won't be a next economic collapse that we haven't seen before. There is an economic collapse once a decade and people are now used to it, I feel like we know what to do when that happens. I have literally got myself ready for the next one already, if the economy crashes like it always does, I will be ready for it (thanks to bitcoin).

Just stay in bitcoin and you will be fine. I do not get why people are always worried about what is going on with the stock markets and GDP and all those things, it will get worse and worse. You may have very rich people, you may have the people with billions of dollars, that number could increase, but that just means there are less people in the middle income level and much much more people in the poor income level, that's all. Buy bitcoins and store them, get ready for the next one that way.

This cannot be a case for all the times because some strategies will be working for particular time frame after that if you keep using that same strategy then you will never able to find profits. I have experienced such thing in my trading career. Honestly I could not figure out what I am missing but how it was working for me before to make good profits.

Finally I concluded like this: market is switching over to some different kind of pattern which is not at all predictable with that same strategy.

Social media could be surpassed, as in one single version, not all. For example, we could have more people trading per day than there are people tweeting, that might happen, I know it sounds unreasonable because one is free while the other one is requiring your money (you can earn more but you can lose more).

However not all social media places are like facebook, instagram, twitter, reddit or the likes, some places are smaller, for example this forum could be considered a social media, it is a forum but that is a way of being a social media as well, and trader numbers are higher than here for sure. So, that means there are some social media places that have higher active user count than daily trader number, and there are some that has lower active user number than what we have in daily trader number. This is why I think it is quite possible, just not as a whole.

The above list is honestly endless; you may add up emotion management, learning from mistake and not repeating same mistake, etc. These things are important as these will help traders for maximizing the profits and at the same time minimizing losing trades. Overall, we can summarize all the required things into two category: good management and good analytical.

Yeah you are right, when you are good at technical analysis then on the event of FUD, you could exit at stop-loss levels instead of waiting for reversal of market direction.

So, within maximum of three days holding, you will be able to see gains on your coins and you are booking profits? How often you are doing? On every weeks? When you are making use of fundamentals more appropriately then I guess there would be plenty of chances for you to be sustaining with your strategy.

But, you must work on technical analysis as well because, you cannot expect always do trade within a range so that you could easily predict the end points of market turning.

But without Elon Musk's tweets, we cannot imagine to the place where dogecoin is enjoying right now. I am sure he is the only person who single handedly took dogecoins into moon and dogecoin's rally must be a classy example, how a coin will perform if it gets support from billionaire. So, I am not sure how it will be possible for not be relying on Elon Musk's tweets.

Dogecoin is being accepted on many crypto gambling houses and I have seen many people are preferring dogecoins for their transactions to save fees still it never got potential to go beyond 180 satoshi and only after Elon Musk's back up it breached 200 stoshi levels and now got ATH around 760 satoshi. So, I guess in near future as well we must need him to continue his tweeting.

You are right; waves is honestly lagging investors to support it and whereas I am really surprised how ethereum managed to have such whale investors to keep in pumping all the times regardless of it is having huge supply and huge pre-mine as well. If waves work with any institutional funds then it get into moon for sure as waves all the potential to keep attracting investors but it just need initial kick off.

Waves interestingly got indirect way of POS (I am sorry I do not recall the exact term used on waves ecosystem) still people not finding it profitable on long term holding.

50x to 100x I doubt it. Moreover you are looking for BTC pairs to get you the maximum benefits in terms of BTC profits. Even finding an altcoin which is having potential to grow 10x in USD value itself is too difficult these days as there are 1000s of coins/tokens are available everywhere and analyzing most of them with proper filtering is too difficult. Because, we need to consider lots of factors before filtering like team member/roadmap/ activities on social media etc.

Personally I like to suggest you to go for TRX and waves. Still, take your time to do your own due diligence and then make your investment according to your risk and reward capabilities. Always invest responsibly.

Yeah, the recent dumps was due to floods in China where some of bitcoin mining got interrupted; I do see this as big relief because bitcoin market just moved for a reason and I was expecting market to be moving upward for a new ATH but suddenly we had a drop which lasted up to $51k. This way I believe OP must be too true. Yes, bitcoin market is strongly holding above $50k levels and there could be very very less chances to dip below $50k levels as of now. Right now bitcoin market is trading above $55,700 levels which should be considered as a good buying point for all long term holders for the target of $100k.

I guess all long-term holders must be planning for saving bitcoin for their grandchildren as well. Because it is already proven that bitcoin is getting more value over the time hence instead of spending all the bitcoins right away, it would be a better idea if we save any little amount of bitcoin now that would become more valuable in future.

I do see it is just a personal preferences. Definitely varies across individuals. And moreover not in all cultures, parents are saving for their children; they just inherit only knowledge and values.

I am not really sure about the Chinese ones. Sure there could be a lot of rich people there, and I understand that in the capitalist countries there are a lot of rich people via capitalism and companies but the real problem with the communist ones is that it is via dictatorship, it is via taking the power away from the people, not making people rich even if they want to, any company you create has to be part owned by the communist party, and that is why there are a lot of "rich" people along the CCP lines instead of regular people.

Not like capitalists are any better, they are using the workforce of the people and pay them a salary but at least if you are lucky and hard working enough (and bribe the right politicians) you could get rich there, anyone can, that is at least a bit better, still immoral but applies to everyone instead of select few.

It is not technically a zero sum game, same has been said about bitcoin as well and it is wrong. Why is it wrong? In a limited world there could be buyers and sellers and that is why one loses and one wins, but in an increasing market world there is no end to how much it could grow. This is the real problem with today's economy, every company wants to make more and more profits and that is why it gets so hard for the rest of the people, they are trying to make more profit but that means there will be less money for us the customers but investors require more income.

This means someone can buy from 10 and sell at 20 and person who buys at 20 can sell at 30 and this will go on with more people, meaning as long as stock price keeps going up there is no one losing. Sure there could be some losers who buy high and sell low, but if they wait it could go up as well.

Unfortunately not every nation has their own vaccine, which means they get their hands on any vaccination they could get, and it is not easy because not only it costs insane amount of money when you are buying two for each citizen, but there is also a limit, nations who produce it haven't really done it to all of their own citizens so how could they start selling to other nations. Sure there are a bit, but don't expect Pfizer to start selling 100 million dozes every day, or Biontech to be 100 million sold overseas a day, those are not possible just now.

I still believe that we are doing better than expected, I was fearing it will get worse and worse and worse, but by the looks of it vaccination really helped, and all we need is time, it is going to be bad few more months, but I believe start of 2022 will be period when we are finally mask free and going out without worry (hopefully of course, I am not a doctor so I am just guessing).

I would love to say no, I would love to say that it was only Elon that made it higher, and I would love to say that you should stay away from it. However I have said the same thing when it was 6 cents I think, and look where it is today, it has increased INSANELY high this year, and no matter what the reason is, it did increased and that is why it is really weird to say that it is a fake one. Sure the main idea, and everything about it is fake, and it is just a "meme coin" in the end, but that doesn't mean that it is not real neither, it is quite literally the most increased coin of the year, so I can't really tell anyone to stay away from it.

I personally will never invest into it, it can go up as much as it wants and I would still stay away from it as much as I can, but that doesn't mean that I could suggest something like that to anyone else neither.

Yes, these are shills of altcoins and we never need to listen to such people.

Moreover, I am just wondering how they are believing to convince people here by simply starting one topic; they must be out of practical knowledge because only people who are believing into magical things might be doing like this.

I am simply seeing OP like another bag holder of altcoins and just want to benefit out of their holding, they look for late investors on the same coin they have invested.

Then definitely buying signal must be the way to trade for lazy traders. I'm sure there are many such kind of traders are existing even in this crypto space because they want to do something active rather than focusing on easy way of making profits. Or else, there are greedy people who wants to maximize out of their capital so they are trying in trading rather than going for long-term holding with bitcoins. This kind of people are definite candidate for buying signals.

Instead of doing all theses steps that you have mentioned, it would be much easier to make profits from bitcoin market if we are opting to hold bitcoins. Because holding does not require any knowledge or any strategy or any timing. You can simply do with your capital. I believe people who are afraid of taking risks in trading, definitely should go for long-term holding rather than struggling to learn the tactics of trading.

Yes, bitcoin market is slowly moving up and this is the reason many people are selling their gold to buy bitcoins. I am very much sure that in coming years bitcoin will be beating gold's marketcap as there are so many institutional funds are coming into bitcoin market compared to what they were doing with gold market for years. So, there will be no surprises on seeing people to be switching over from gold to bitcoin. This is a timely demand and people are obeying it.

But in my opinion, only professional traders can find chances to adopt trading as an occupation. Because, bitcoin market volatility is highly unpredictable which means most traders may fail time to time; hence adopting crypto trading as occupation may end up in big disasters over the time. But, the case will be complete different for professional traders as they know how to trade at times and when to stay away from markets.