A very lovely read and quite motivational. Sometimes, you really would not know what you are missing until you take a step back, reflect on the things you have been doing wrongly, and see how short it would take you to achieve the kind of life you want.

A lot of people have always lived above their means and not consider the future most of the time, and this sometimes can even be frustrating. It is more like sacrificing so much for so little, so instead, why not satisfy so little for so much. Life is all about learning from the non-satisfactory things and not repeating the same non-satisfactory things.

I have been quite prudent with my spending but I am Joining the Frugal FIRE brand immediately!

Increasing commercial use and liquidity is always one step to go but the truth is we are not even close to being there yet unless we get to start seeing people's mentality changing and because of that the market has become so much speculative, that whales tend to have an upper hand taking advantage of that.

I would as well if I am a whale; it is just a way of making profit, so I do not blame them. Those who it tends to affect are those who make the wrong decisions because of these manipulations as investors.

It is one thing to say we need to stop looking at the charts though, but one thing we cannot take out of the market is traders, and that simply reflects on real life usage and demand as well.

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The thing with life is that you cannot expect everything to be rosy. Also, as we have good eggs, we will also have bad eggs. In short, this does not mean that social media space has not been helpful but the thing just like you said, is to be careful of what you listen to and how you act based on what you have heard, by digging properly before making any substantial decision.

Nevertheless, all these balls down on each person having what it takes to trade, which for most people, they are just looking for an easy way out, but looking for easy way out, usually result to an easy ticket to losses. This is because only you must be caring about your successful trades compared to anyone else in this world.

I never recommend to go for neither free tips from web nor paid tips too but all traders must go for own research and analysis. Depending on ourselves must be the only way to be successful with trading career.

People here are right about the reversal because if a movement is starting in bitcoin it sure goes a long time before it stops, however don't think just because it dropped couple bucks its a reversal, its not, you should wait at least 100 dollars before you decide on moving forward with the strategy.

Hence, if you see bitcoin going from 7.2 thousand dollar levels to 7 thousand dollars levels than you can be certain that it will go even further down and not stay there, if you see bitcoin going from 6.4 thousand dollar levels to 6.6 thousand dollar levels you can be certain its going further as well.

Sure, it is understandable that so many altcoins are depending on bitcoin, but the truth still remains that no one knows how bitcoin is going to end up fairing in the long run. All we can just say is when the time for the pump comes, we will see it. Moreover, why should we be expecting pumps in prices, when the only thing that we should be looking forward to is real demand and steady growth in the market? That makes a whole lot more sense than a pump and dump.

A matter of time that requires just being patient and the fact that no one knows what the future holds. Candidly, the only thing we have is the trend and as long as the situation is bearish, then it is bearish and when the bullish momentum starts kicking in, I am sure we would know with the sentiment in the market by then, and we would not even need someone to tell us, it should be a good time to get in. As it is at the moment, all we can hope for is to see how the trend is going to lead.

Thank you for your suggestion, I know this is as common as it gets and you are probably writing this for merit or post count or signature or whatever but in the end people do need a reminder that when their portfolio looks like its bleeding its because they did not properly used the stop loss option, I am one of those people too.

I don't know why we do not put a sell order at a level which would make sense so that we won't lose too much when the market goes to full bear mode.

I also use buy method where I put some money on low amounts like crazy low and hope that one day someone will be stupid enough to get there from buying all of the market.

Well, good for you that you at least were able to get an honest signal to be a part of and get something substantial from it over time. The thing with signals though is that relying on them too much to make the best of the market can sometimes be not a good thing to do.

You should at least still be able to rely on your own little understanding of trading the market and to be able to analyze the position you are about getting into. However, for most of the signals that posts stop losses, point of entry and exit anyway, can be a lot helpful for those who understand how important stop losses are.

I think even the market doesn't know where it will go but the reversal is so strong with bitcoin is that people see a 100 dollar drop in the price and knows that the price will go down another 500 easily so they sell and when it goes up 100 they know that price will go up like 700 or whatever easily so they invest.

Market is just reacting to what is certain and no one is taking the risk and trying to be the one that starts all of it neither they have the power as well. I think the only way we can see the price go above a certain limit is if a huge whale gets in and changes it all by himself during a bull run. Like when it goes from $6.4k to $7.2k than he makes it $7.7k all by himself or something like that.

We talk about how the whales are trying to buy at $6k levels but we are forgetting a simpler understanding of economics while we do that.

If someone wants to drop the price they must first have enough bitcoin to sell and drop the price which would mean a lot of bitcoin and can affect the price yet lets assume there are people who have enough money to buy without maxing the price but sell while dropping the price at the same time, they will also buy again which means they will be increasing the price all by themselves, I doubt anyone can handle that at the same time, you both need to buy without increasing, sell while dropping and buy again without increasing.

I want to believe so far, Binance has been the only exchange that actually comes with all the features needed for traders to make good traders without being scooped hugely from their funds. This is the reason why the volume over few months skyrocketed hugely and even made it more of a desirable exchange to trade for most seasoned traders. Zero fees are hard to find anyway, but at least, there is a huge balance with binance.

One way or the other, most exchanges will always have a way to take back from the users, either from the trading fees or from the withdrawal fees. So far so good, I feel binance is actually one of the top notch exchange that can give you all the functions you want as a trader and still be able to enjoy a slightly close to zero trading fee. For what it is worth 0.05% for those using BNB for their fees is something no one should ever have any concern about.

I have seen such things with few Forex companies in the name of scraping. Bots will work for one or two pips but more than 90% will go for covering the fees. With 1 BTC, I will not risk for profiting $30 a day. Leaving in cold storage must be a better option instead of that.

Traders in the category of imagining what the future holds will never stop making mistakes and losing their funds eventually. This is not about what you think, it is about what you see and as long as you are not seeing any further movement and the possibilities of a reversal as a trader, then you buy or sell in whichever case you are being dealt with either bullish or bearish respectively. Trying to assume what a peak would be is the reason a lot of people get greedy in a market.

That is what happens when you prefer to trade with emotions, than knowledge. So many traders actually have little or no knowledge of monitoring and following trends to be able to trade what the market is telling them and not what they want the market to be like. Assuming for the market is like setting your funds on fire, because it would get burned. What is important is to always study the market movement and see how things are faring without putting any forms of emotion into it.

I think community is the key, I mean you judge the coin itself with the team and the features and the whitepaper and what its trying to solve and so forth but when it comes to bounty its all about the community, if the community is hyped and interested and excited than you are on the right path and that bounty will be both useful and worth something one day. With that in mind you can see a lot of shills doing paid work as well so you need to be careful and check why the people like the coin so much.

For example people LOVE nano but it went down incredibly however I still trust it. Spectrecoin was reached around 6 dollar levels and now dropped to 25 cents or so but I still trust it. Why do I trust these coins even tho they dropped so much? Because they are amazing and very much backed by the community.

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Firstly, that is a huge amount to be making in a day and it is not realistic.

Secondly, you are so particular about how much you want to be making in a day and you are leaving out what it even the most important which is to know how to trade effectively to even be able to at least get something substantial in a day.

You have to consider some of the little losses you will encounter within the day as well as the fact that you may not even see a good trade to make within that day. Just make sure you learn first and you are very confident you are ready before even doing this.

Airdrops to me are just utter bullshits and they have never really been worth it at the end, whereas they do not even bring about any serious impact on the project in any case.

Any team that is serious will know at this day and age when investors are getting smarter; no one wants to be investing in empty promises or clones of ideas that are already on ground with nothing extra to bring to the table. In the absence of a very convincing product, a great team behind the project and a solid roadmap and business idea, then there is nothing for such team.

I think market is already recovering in its doing good, that is the good of bitcoin, when you are talking about why its down, its already back up. However if you really want to focus on why the bitcoin drops after some small bull run than you need to check the dates.

I do not follow it regularly and I am not a great predictor or something but when there are shorts and futures and cmoe or whatever involved the price of it goes up and down more than regular days. Special days that gives interest to whales have bigger affects on bitcoin than just a simple Tuesday, hence when you see moves that are going really high in a day or really low in a day than know that it must be some special day for bitcoin.

The greatest option is to have some sort of second income that is creating a profit yield by itself. I have some stocks that yields dividends all by themselves and I have talked with the bank and told them to buy more of that stock with the dividends as well.

Hence, I am getting more and more shares of the same company with the money that company paid me. By logic if the company doesn't go bankrupt I should have a lot of their stocks by just having it.

You can select real estate as well and get a flat and rent it to someone (or airbnb it) and make sure its always taken cared of (if some parts of it breaks, fix it right away, if you wait it gets worse and you will have to spend money all together) and the price of the flat goes up while you also collect rent at the same time.

Most of the time it is not the recovery but it is the volume going up and down. Normally the whole price going up and down is interested in how much people want to buy bitcoin and how much people want to sell.

Well, during week days most people work and they can't really trade that much because they have to go to work and can't really care about bitcoin or anything else because they already care about their works. Now during weekends people start to get into bitcoin and buy and sell and move and trade basically and when they do that the volume of bitcoin suddenly increases which results with the price going up because so many people got in and out.

If I am to pick anyone at all, that would be Tim Draper's prediction even though it sounds like something that may not be that much attainable in 5 years’ time, but at the same time, who could have thought bitcoin could even test the previous ATH we had last year and what everyone thought would be the highest was $10,000.

Nevertheless, just like 1Refree mentioned, we should not be so much focused on this prediction things as they are irrelevant to the growth and development of the space, and what is very important now is to see big time development which would tend towards people utilizing it for what it is and not just because they want to get overtly rich in few years’ time.