Unless you're a professional trader with years and years of experience it is almost impossible to decouple your trading decisions from your guts/emotions.

As unfortunate as it is, this is reality and only by practicing good strategies and executing the previously carefully set plans one can start to learn not to get their emotions involved.

Don't fault yourself for not being able to leave emotions out of trading strategies just yet, it is hard and it takes time but for the sake of becoming a good trader keep on practicing and keep improving because it is a long journey but a worthy one

The 3 coins mentioned BTC, ETH and BNB are reasonable coins. Yes, they are right in the top 5 cryptocurrencies and you might shy away from larger potential coins but at least you know that you can't go wrong with these investments.

Long-term they require little management if any and all you do is buy, wait and sell. The nature of these coins therefore makes it extremely simple.

While the newer people will look into other opportunities beyond Bitcoin the risks I think are higher because unless you select very carefully you. might end up losing money more. This is because unless there's a clear bull market (this yet to be confirmed by current market) not all alts will show an increase in their token prices, mainly because of the lack of utility and value they provide.

Sometimes people forget that you don't have to own 1 whole BTC to still make a profit from the BTC price surge (which is definite to occur at least in the long-term) and instead opt for different alts like meme coins etc.

Fundamentally, if you spend enough time researching the best projects you can still make a decent profit, and yes, BTC investment is probably the most passive earning.

I really appreciate you doing some research and recycling the already great answers associated with this question which you're right has been asked in the past many times.

The idea of recycling answers is something great and in a way we should encourage other users to search first before posting duplicate posts.

The link above has a number of great resources for interactive and demo trading and is good to bring back and refer others because they're very good, some of which I tested and some have not.

On a similar point, it doesn't seem like Elon entertains the idea of meme coins so much that he'll go out of his way creating one.

He seems to understand the fundamental principles behind crypto. Taking into consideration his influence on people such decision will not aline well with his profile

for greatness and space exploration. Plus, nobody wants to be taken as a joke - at least not personally - anyway, and doesn't seem like something he'll act on, but

that's my take on it anyway.

To me the 3 categories don't fully cover the types of people we get in crypto, and I agree that even as a Bitcoin maximalist one should not shy away from alts

because potential is there and it would be a shame to have such a narrow field of vision when opportunities are more widespread than initially thought.

Also, you can't call yourself a crypto enthusiast if all you do is BTC and ignore the rest!

Exactly! I'm surprised they even allowed the withdrawal functionality to begin with, and the fact that you did this already indicates to the devs that you're not in for using the site but twist it dry of its faucet.

Complaining about this (anywhere) would lead to nothing but negative attention. So, next time you want to make use of the faucets only use them for what they're meant to be used - engage with the games, interface etc not for personal withdrawal.

While it is impossible for USDT to reach 0 one can never be too cautious when dealing with a stable coin which not even to this day has given evidence of the 1:1 collateral backing it up. Yes, most markets rely on USDT but if a major roar was to happen one can imagine great change in the crypto sector and a rapid shift to other stable coins.

All I'm trying to say is that USDT (Tether) is more risky than other stables like USDC due to their unfolding jurisdictional case, due to which one can't predict with certainty which direction it will take.

If you want to invest into coins with potential meme coins are not the way to do this.

DOGE might be the biggest of all meme coins but would not trust it, as for the rest of meme tokens they soon will all be worthless.

I suggest you look into coins with some utility like Dot, CSPR, MINA, and if you're at it and want to go with more than a few hundred bucks might as well explore with BTC and ETH...

Agreed, if there's no immediate need to sell then hold your BTC like you do to your dear life. Many are expecting great returns from BTC, and with institutions taking a like to crypto I think the potential for future return from crypto is looking green

I agree. Both are important but the trend for paper money is becoming less desirable in settling payments. When was the last time you paid in cash (i.e paper money) for a car or a house? See? These types of larger purchases still rely on digital money (which is still fiat but in digital format with just zeros in each other's bank accounts) right?

In terms of wealth preservation crypto has definitely put a spin on things, needless to say that many are now turning to crypto - the real digital money over fiat because it is way more manageable and transparent.

Oh, I can't wait for the day when crypto payments become the norm.

Perhaps, I'm too religious when it comes to trading but I find there's not much difference in the trading tools across exchanges, and the interactiveness is more or less the same, but I do try to keep to Binance.

When using exchanges other than Binance though, you must look at the fees both the trading and withdrawal fees, as often these could be limiting, especially if you don't want to KYC.

Personally, Binance comes first while the choice to use other exchanges will depend on factors such as funding, accessibility, volume etc.

2k as the cap for withdrawals without KYC is a bit low, don't you guys think so?

I get that for testing this might be an OK limit but people these days are tired of seeing KYC everywhere, they just want to gamble and have fun without having to worry about how they can withdraw their money.

Depending where they're based, some casinos have it tough and I get that for these places they have to apply the local legislation, but despite not all casinos having the same requirement I still see most of them boing big on KYC

Having the largest crypto dominance (as of the time of this post 45%) there's no dispute about Bitcoin not being the favourite choice. It still remains the blockchain with the highest level of security and the most sought after.

Because it was the parent crypto it has a lot to deliver and many people think of it as the coin that now is the best time to buy in as a way to protect assets from inflation and at the same time benefit from its long-term gain potential.

To most of our surprise, yes, it does seem that USDT is still by far the more popular choice of stable coins, and this may well be because most markets are in USDT than any other stable coin. However, given the history of USDT at times when I'm permitted I do consider looking at others like BUSD and USDC.

Which stable coin you go for seems to be determined mainly by the reason you enter stable coins and since most people trade (or at least want to trade in the future) the option of choice is USDT but with time I wouldn't be surprised if we were to see people becoming more conserved. moving away from it.

Indeed, there is no monopoly from China on the hashrate of BTC. Since the ban, the bulk of mining to maintain the network coming out of China is somewhat something of the past, as miners have already started to relocate.

As for China manipulating BTC's consensus, well, that's not so easily achieved because despite the miners having been in China it doesn't mean miners knew exactly where each were located to forum such an organised attack. Plus, the penalties if found out are harsh and it would destroy any miner's equipment and trust for future mining participation, a risk not many are prepared to take.

Yes, in that respect banks have the ultimate say in governing and accessing your money even if it may be noting related to your activity. Banks are only useful

because of their wide adoption, almost every merchant accepts credit cards, and it is due to that that most people use banks but now BTC provides an alternative

where the user is in control of their data and money. What more can we want??? As long as wider adoption of crypto occurs, in my view, crypto payments will pave the future of personal finance.

Yeah, it seems that something of large effect happened and the market is back in green. The possibility of BTC reaching higher values is likely and the bullrun might resume, is just that nothing is certain but you can only risk something to gain something.

It is time for us to decide on which side we're on, the risk taking or the safe-being side. Though, for one I'm confident in the long-term potential of the crypto market...

Despite the regular tweets, we can see that there is a lot of optimism around crypto following the London upgrade.

Perhaps, it hasn't got much to do with it, it is hard to say but what's clear is that the markets are moving again and we must be ready.



A bullrun can last for up to 2 years or so, and that leaves us with plenty more opportunities.

The last point about when ETH will stop being generated is an interesting one, but as theory dictates the process for minting new coins gets exponentially more

difficult so what might affect the price more rapidly is not so much the supply side (which is slowing down over time) but the demand side, and if the London

upgrade delivers on fees I think the demand will take ETH price to a new level. The market has moved already but the true potential is to be observed in due course.