Latest posts of: justdimin

Quote from: YUriy1991 on July 13, 2023, 10:53:13 AM

I personally see Bitcoin, it is very, very young and on its way and needs time to gain attention and trust in terms of widespread acceptance on the same scale. By the way, it looks like you also have to recalculate and adjust to conditions annually from 2024 onwards if you want to make an estimate if you compare it to the price of gold and publish the correctness of the calculation so that the audience is constantly updated.

Obviously it's not going to be that weird to see bitcoin not reach gold for a long time because gold has been around for many centuries, the first time it's used is like thousands of years ago, so it is understandable for it to be not that much close to it yet. But it will also not take centuries to reach it neither, we are going to see it do a good job in a decade or two when it reaches and that means we should be holding it.

There aren't all that many things that can outperform gold, there are a few, but not a lot and this is the least risky one. I believe that we are going to go x20 as well, and until that happens gold may go up some more so we may need to go about x25 to x30 as well. That's why it makes sense and I support it.

Quote from: ajiz138 on July 13, 2023, 11:48:40 AM

Quote from: Sim_card on July 13, 2023, 06:46:21 AM

1. What price do you think that bitcoin will hit in the next ATH.
2. When do you plan to sell and make good profit from your bitcoin portfolio,is it next bull season or the next two bull market,because bitcoin price is always tempting during the bull run. Give me your target price that you will be happy to sell off your bitcoin.

Late 2024 - early 2025 I predict is the next ATH. - $150,000
The next bullish I will sell some to benefit from my patience holding bitcoin, I don't know how high the next ATH will probably be selling everything I have and ready to buy when the price drops again.
Honestly waiting for the next two bulls takes more time but it is a strong hold, the stronger the hold is the best for your future.

This is actually quite good situation, it will probably be like that and I agree with this prediction. Thinking about the halving, usually it goes up until halving but after a while pass after the halving it starts to skyrocket and I think that's what we are going to have. Hopefully it will be like we imagine because I am holding it as much as I possibly could and expect it to go up. If that happens then we are going to be right but also profiting a lot from it at the same time as well.

The best thing we can do is hold, there is really not much we can actually "do" about it, by not doing anything we are providing the best help we can. By early 2025 we are going to see near ATH prices for sure, that's what I believe at least.

Quote from: TravelMug on July 13, 2023, 10:47:01 AM

Quote from: Nrcewker on July 08, 2023, 01:13:26 PM

Definitely, the price will completely depend on how Bitcoins perform this year. If Bitcoins manage to cross 50k by the end of this year, then there is a high probability that we will see 100k USD touched by bitcoins. But everything depends on the demand for Bitcoins. If the demand to acquire Bitcoins increases with time, then achieving a 50k USD price for Bitcoins will be very easy. On the other hand, if demand falls and some bad events occur, like the recent SEC lawsuit, then the price will definitely go down. So let’s hope for the best.

Regardless if we are going to cross $50k or not, I think it will be very bullish next year right after the halving. So for me, we will see a huge pump (sorry for using this word as bitcoin maximalist doesn't used it), but that's how I'm seeing the future.

Maybe in the next run, $120k minimum will be achieved. Or if we really very bullish with all the Bitcoin Spot ETF approval, then it going to be huge that we can only imagine what the price will be.

That's the point of view and that's how we should approach it. We know that it will go up, so we are arguing about how much it will go up, and that's not a good approach at all. I believe that it will go up and that's more than enough for me. I know that people are reacting to this as a different approach and they think that it's going to be different but the reality is that as long as it goes up that's good enough for us.

We should consider this as a good way of making a profit, and if we can make a profit with it then we should be happy. If it goes to 40k then it's a profit, to 50k? profit. To 60k? Still profit, and anything more would be a profit as well. So if we are talking about just how much, then we should definitely buy and hold.

Quote from: Sithara007 on July 14, 2023, 02:20:05 AM

Among the Indian batsmen, Shubman Gill is the only one who missed out, as he was dismissed for just 6 runs by Jomel Warrican. Everyone else got a good boost to their career batting stats, including the debutant Yashasvi Jaiswal. Rohit Sharma badly needed this boost after a few ordinary performances in the recent past. And let's not forget those players who got the opportunity to boost their career bowling stats, such as Ravichandran Ashwin and Ravindra Jadeja. I guess that is the only purpose of this series. BTW, it was a good opportunity for the selectors to test some of the younger players (apart from Jaiswal).

Sometime happen like this while you have big partnership then teams mostly lost 2 or three wickets so this time Shubman Gill was gone because they were feeling relaxed now we have good chance for the Virat Kohli to do something big because as he is currently playing he deserves big hundred and debutant Jasiwal is also in good touch so some more time than we will have double century from him with performance like this is going to be remembered for long time.

From here now India need another 150 to 170 runs which will be enough for them to have win by an inning because after watching first inning I have feeling most chances Ashwin and Jadeja will not allow them to have stay at the crease and create problems for them while their quality is already at the bottom of test format.

Quote from: Minecache on July 13, 2023, 11:40:53 AM

It is true that in the red market, there are always good opportunities to enter and buy to hold, but there are also significant risks that we face. If you just focus on buying bitcoin every time the red market comes, you will be safe with your investment. But if you are looking for altcoins, your risk increases as not all altcoins are worth buying when the red market comes. Like in the dumping last year, besides the dead projects, I believe there will be many projects that cannot recover. Those who have rushed to invest are sure they are losing huge, and the ability to recover capital is almost impossible, let alone profitable.

Red market is great but how much red is the real question. When price went from 68k to 50k, that was red, if you bought it then you would have lost, when it was 50k dropped to 30k if you bought because it was red, you would have still lost because it went half that.

So, it is not important to figure out where to buy, it is important when to buy and yes red is true but how much red matters. I usually wait for it to go down about 70%, that is what it reaches to in the end, takes some time but it is always 70%, look at all the other crashes before, you will see that it was 70% and then it stopped and started to go back up. Of course it may go down some more, but not a lot more after that, it was just a little and that matters for sure.

Quote from: Dr.Osh on July 12, 2023, 02:50:26 AM

Quote from: Wind_FURY on June 27, 2023, 03:09:52 PM

No one considered that the most you can profit from a short position is 1x of the amount you used for short selling.

To illustrate, if the trader has $1,000 in his account and wanted to use 10x leverage - $10,000 - to short something priced at $100, then the highest amount the trader could take profit is $10,000 IF the coin crashed to zero. The only reason why there's a potential to profit 10x of the original capital is because of leverage, NOT because there's an exponential return.

The OP said that it might be easier to make 10x shorting. well, I think he really hasn't gotten into trading yet. Even when we get 2x profits when short, it is a very good thing. it's not as easy as the OP said. in fact, it takes persistence for it, it's not even easy to get 2x when going short. In addition, many people who target short, get stuck and end up holding on long term because the price of the coin they are buying has dropped drastically. Imagine making $10k, with $1k in a short amount of time. well, I think if it was that easy, nowadays people tend to prefer trading over investing.

That's true, nobody that knows crypto would think that it's simple, it's one of the hardest things ever and only a fool would think that it would make sense. I believe that it's not going to be easy at all and we shouldn't really be worried about it neither. Life is not that simple and it's going to cause a lot of people to make mistakes because of it.

People may not believe the same things you believe in, but that doesn't mean that we should respect every single opinion, like this one that doesn't make sense. Shorting is very hard and if you do a x10 shorting that means you can't be wrong too much, if it goes even just a bit higher, then you are going to lose all your money. I hope that it gets easier but shorting will never be easy.

Quote from: EarnOnVictor on July 11, 2023, 08:27:24 AM

Quote from: Mpamaegbu on July 01, 2023, 06:14:47 PM

If a single indicator can make you profit from your trading every time you trigger a trade I don't see why you should complicate it by introducing more indicators. Simplicity is best at a situation like that.

That God that you put "if", meaning that those traders using multiple strategies are not fools, it might probably be that one strategy is not working for them.

In this subject matter, I will always be neutral, it's good that we respect the choice of others and use what is good for us. But in my vast trading experience, I'd used a lot of trading approaches before I resolved into using combined strategies to increase signal strength and trend reliability.

Mind you, there are many reasonable reasons people would combine strategies, and it's partly because different strategies serve different purposes. I've also not seen a professional trader who trades for a living that uses a single strategy, which is for a reason that can never be negative.

Prove me wrong on that.

This is the correct answer. If you have a single indicator that earns you money then yeah you shouldn't use anything else, but I have never seen anyone who uses just a single indicator all the time without a worry and keep on making a profit. We all know that it is not going to be easy and it is going to be a difficult job, it should not be a profitable thing to keep doing all the time and we should probably consider this a bit of a troublesome result if we want to just make sure it is doing alright.

I hope that it gets to a point where it doesn't make too much sense to keep on using a single indicator, when the market changes then your aim should change as well and you should be making a lot more profit from it at the same time.

Quote from: Mauser on July 10, 2023, 06:19:20 AM

Quote from: FiveG on July 02, 2023, 03:40:00 PM

I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.

That's a great success story, good job for your to amass so many bitcoin. For me such a goal is still so far away and I wonder if I can ever make it before becoming old. Having a well diversified alt coin portfolio and several bitcoin would be my dream. I think it's a good idea to not only put all our money into Bitcoin, but also to keep buying other coins. For your friend its where his success came from and I hope he is going to keep trading in the future. Having 3 bitcoin is great, but not enough to be financially independent. Another important concept of investing is to never stop, we should keep growing our portfolios and reinvest the profits. Only then we will achieve real independence and financial freedom.

I believe that we can ALL collect 3 bitcoins in our life time. I am not saying that it would be easy, right now 3 bitcoins would worth 90 thousand dollars and I think it will keep going higher and higher so it is not going to be easy at all.

However, if you could save some money every month, then you are going to get there eventually and the important thing is not about getting to 3 bitcoins, it is about getting to a higher and higher level all the time, and if you keep having more and more bitcoin, then one day you will be rich. So, let's assume you failed, and you only got 0.8 bitcoins but bitcoin worths 100k, that means you have 80k, which is close to having 3 bitcoin today. That is why we should always be looking for it.

Quote from: Jatiluhung on July 11, 2023, 12:47:56 PM

The BRICS is indeed quite shocking the world with their economy which is even getting stronger. Even the BRICS Members will probably add more. Even from the Twitter account page @BRICSinfo, I got information that there are about 15 more countries that are interested in joining BRICS. Even Saudi Arabia and the United Arab Emirates which have strong economies also seem to be on the list. This will certainly further strengthen BRICS' position in the global economy. Especially China and Russia which have more influence there. But all this seems to prove that China is really serious about competing with America in terms of the economy. A weaker dollar may one day occur. but I don't think in the near future. because America also has a very strong economic power. so defeating the US Dollar is the hardest thing for any country.

China and Russia are not doing as well as you think they are. China has one of the all time worst real estate bubbles (like 2008 USA one) which is hurting their economy right now, this is not an attack on china or anything, it happens to anyone and even USA had the worst economy they had during 2008 so it is normal and not a way of diminishing their power, it is just that they are on a terrible period right now, I am sure they will get better one day but that's not today.

Russia has the war situation of course and their ruble is getting less and less valuable as we have seen, it is worst than before the war and was even worse for a while. So when you combine those two together, you get China and Russia not being those giant economies they were.

Quote from: Fortify on July 12, 2023, 07:22:34 AM

It feels like people go through many different stages and evolutions of their business knowledge. When I first got into investing many years ago, it felt very hard to focus on specific things I should be looking at when evaluating a business and it was so easy to get deluged by the vast amounts of information on display. However you learn over time what to look at and develop your own strategy, it helps in speeding up your decision making process. It's definitely better to avoid situations that are time sensitive and you feel pressured into an investment that you're not confident in.

That is the reason why most of the big trading companies have analysts, because they rather have all the information they need brought down to a few stuff so that they would know if they should buy something or not.

There are thousands of lines of work to read on stocks, and not everyone can constantly keep reading that, so instead of having 500 people constantly reading something, they have 100 traders and 1000 analysts that helps them, that way it's more efficient and they can constantly check what's going on and trade accordingly. Not all of them are like that, but major ones do have that type of employee. Hell even law firms have paralegals for example to help them go through stuff, that makes the job a lot easier. We are all alone, it's harder for us.

Quote from: DrBeer on July 12, 2023, 08:03:59 AM

We have already discussed the issue of China's rare earth metals, and at the same time gallium and germanium. And you are well aware that what you say is, to put it mildly, distorted information

Ok, for everyone, I will once again bring the data about this metal.

The key "problem" of gallium is that there are no deposits of pure metal in nature. It is always presented as compounds with low metal content, and very "evenly" distributed. Today, the richest source of gallium is the mineral germanite, an ore composed of copper sulfide that can contain 0.5-0.7% gallium, mined in southwest Africa. These are the Tsumeb (Namibia) and Kipushi (Zaire) mines .... It's a strange name for China, isn't it ?

Gallium is also widely distributed in small amounts along with zinc obscurants, in aluminum alumina, feldspars, hard coal and ores: iron, manganese and chromium.
The largest deposits of gallium, amenable to economic extraction, are in China, Germany, Kazakhstan, Ukraine, South Korea and Russia
That was all about primary mining.

But there is also secondary mining - Canada, Slovakia, Japan, Germany and the USA are the leaders there.

At the same time, there are more nuances: gallium can be replaced in the manufacture of semiconductors by indium, and in the technology of production of thin film solar cells - silicon-based technologies, some forms of thin film cadmium selenide or copper indium selenide based photovoltaic cells among others.

So the reality is quite different - China was by far the most massive and cheapest supplier of this metal, but there is no question of exclusivity. Now other suppliers will increase production, and consumers will simply switch to them.

Whenever I see your name, I know that it will 100% be a post that supports USA or attacks one of its enemies, you have not written anything that is out of that in many months to be fair and you weren't like this. You have became full on uncle sam in the past few months, interesting to see.

Just because China sold it cheap, doesn't mean they will continue to do so, just because other places can, doesn't mean they can continue to do so. Why is this so hard for you to understand? Sure other nations may have some, but they do not have as much as China, and not like the demand for this will go to zero neither, hence China could limit it, and let it end in other places, and jack up the price, it is not unlikely. Why is this so hard to see?

Quote from: nelson4lov on July 12, 2023, 12:47:38 PM

Quote from: cryptoaddictchie on July 12, 2023, 07:05:13 AM

Quote from: nelson4lov on July 11, 2023, 02:01:07 PM

~Snipped

It will as traders or retailers are after the hype and volume. If this project got that, whatever the concept it is, it doesnt matter. Some only based on charts info and not even care about its fundamentals. After they profit they leave. Different approach actually.

I agree. Like I said, with Binance handling the token sale on its launchpad platform is enough reason to exponential increase the pumpamenntals. The narrative on crypto twitter has changed now about Arkham. I believe their CEO held a space and explained a few things. The overall sentiments right now is bullish. For a team that reportedly raised over $150M prior to this launchpad sale, I expect the token to do a minimum of 5x from launchpad price.

Goodluck to everyone who got in via the launchpad, their airdrop or early investment rounds.

This is a very very risky statement, I hope you are careful. If you think that it will do a minimum of x5 after the launchpad, then you are going to invest heavily if you can, of course if you can reach it at the right time. But also remember that even if it goes up after the launch, then it could crash a lot with people taking their profit.

Remember that not everyone is in this for the long term, some people want to take that x5 profit and leave, which will crash the price and we are going to be hurt if you keep it long enough. I would suggest that if you really want to get involved with the launch, then you should get out after a while so that you are not holding it for too long and make a mistake of getting too greedy and lose.

Quote from: LogitechMouse on July 11, 2023, 01:09:17 PM

I've seen projects in the past that has a use-case that's very beneficial for us.
The only problem though is that, either they have a small community thus, it failed because of lack of support, or the project rug pulled including the money that they have.

I believe that in the future, there will be projects that will be beneficial for us in our every day lives. I don't know what, but I believe that there will be. The problem with some projects right now is, they are focusing more on the money than on the project. We've seen projects that are asking for money towards the investors, and in return, they will create and develop the project. I mean it would be better for us, and for the developers if they will create the project first then ask for money to us investors. I just hope that there will be changes in the future.

Use case for projects definitely brings out the best for those projects and I do like them doing the best they could be doing. I am guessing that the best thing we could be doing at this moment would be making sure that there are enough money to be made in this situation that could get to make people some decent money.

I am not saying that it should be getting to a point where it is not going to be easy for people to make money with new opportunities but I am guessing that it is going to be fine eventually. This is why I believe that the best case for bitcoin and next chances would be making sure that you can use it for something and not just trade it, if you can use it then it is going to be fine and it could make some profit eventually.

Quote from: LogitechMouse on July 11, 2023, 02:41:25 PM

Quote

Re: How would you measure your success in Crypto currency

The word success is very broad, and it also depends on the person.
It's a very subjective thing, and different people have different reasons for them to be called successful.

Some can just have 100 Bitcoins, and call themselves successful already. Some can just have reach their dream goal of having a hundred million dollars, and call themselves successful already. Some can call themselves successful if they manage to give their family a house and lot plus a car.

In cryptocurrency, TBH I can't measure my success into it because I'm very far away still from reaching my goal. What is my goal? Just simple. Holding a single Bitcoin in my wallet. I know it's hard (at least for me), but I believe that I can reach that one in the near future. Right now, I guess my measure of success is at around 20% only. I'm still far away from my goal like I said.

I would guess having more than you used to have should have been the only thing that matters, isn't it? I am not saying that's the only thing that matters, all I am saying that it is the biggest thing. Lets say today I have 1 bitcoin, and next year at the same day I have 2 bitcoins, isn't that success?

I feel like that's success enough and shouldn't really be different in any case. I know that it is going to be a bit of a trouble when we are talking about it that way, but that doesn't mean that we are not going to end up with a trouble. All in all I believe that we are going to make a profit one way or another, and that means we are going to make a profit so it should be a success, profit=success should stay as the indicator of success.

Quote from: fzkto on July 11, 2023, 12:18:52 PM

I think that 40k is very difficult for bitcoin, because first it has to break a very strong resistance at 31-32k. After that there will still be a few levels of resistance left. I don't know what could influence this, but there should definitely be some very good news.

We have broken over a lot of resistance points before and we can break it again, that's not the thing that worries me at this point. There are way too many people who have bought bitcoin at higher prices and we are coming out of a bear season that dropped the price from 68k to 15k at some point, that means that there will be a lot of people who are still holding.

Maybe the ones who bought at 60k+ ended up selling because it went down a lot, but when we are talking about 30-40k range, that was close enough so people had some hope, and maybe they did DCA as well so that would be a point where a lot of people could sell to make a profit after all this time. That's not a resistance, that's sell-off and that is not something you will see before it happens.

Quote from: TheGreatPython on July 10, 2023, 11:16:15 AM

Do you think that people expected the price of Bitcoin to go as low as $16k when it touched $69k? I don't think so, and what that proves? It proves that Bitcoin or cryptocurrencies, in general, are unpredictable and highly volatile, so we can't really be sure if Bitcoin will drop back to $20k or below or not because anything is possible when it comes to cryptocurrencies. A couple of bad news circulating in the market can cause great damage to the price.

I don't want any of that to happen, of course, because I also want the price to go up just like everyone else, but what I said is a fact and we should always think factually and consider all the outcomes instead of thinking about one and ignoring the second, that way, we can always be ready for both situations.

We can't be sure that bitcoin couldn't be 20k in a month, that much is definitely true. However, when it was about 4k in March of 2020, do you think people thought it would be 69k? I do not think that they did, I know a lot of people here and I can tell you only a few maximalist kept on trusting that it would be. What does that tell us? It also shows us that it could be 100k+ and we couldn't be really forgetting that going up is what bitcoin does on the long term.

If you keep thinking that a crash may come soon, and do not invest because of it, then you are going to end up with a bit of an upset overall and you shouldn't really do that, it would be a foolish move. It will go up, and you should invest accordingly to make a profit.

Quote from: TheUltraElite on July 11, 2023, 11:18:48 AM

Quote from: arufox on July 01, 2023, 03:59:07 PM

I think there is no disposal for Bitcoin. In the crypto market, there are always sellers and buyers of bitcoin and that is a natural thing. If you look at the condition of the bitcoin market recently, it seems you are wrong to say that there has been a disposal of bitcoins. Where the price of bitcoin is currently increasing again and trading in the range of $30k-$31k.

OP comment was in a time where Bitcoin was low and dumping and hence is no longer relevant. At present bitcoin is recovering from it's downtrend and we are seeing more demand than supply, so we can assume that the bear trend is stopping and a reversal is occurring. Still these are cycles and the comments here should be an indication as to how the common people respond to bear markets.

For now just keep buying and forget about what the OP said. In fact forget about anything that anybody says and only treat the prices as numbers.

I wouldn't say it's "irrelevant", I think it is as relevant as it gets, why? Because we are talking about something that would make a lot more sense over course of some period and how would you make profit with it? The best thing to do in this case would be making sure that people who has seen a little bit of drop reacted the way OP reacted and that's a terrible thing, and that means we are going to see a little bit of drop here and there in the future and people may react like OP again as well.

We need to ignore them and try to make sure that we are doing the best we could possibly do. I am not saying that we are not going to make any profit at all, all I am saying is that it's going to be a tough situation and it should be very careful situation.

Quote from: zaim7413 on July 11, 2023, 10:32:19 AM

It is undeniable that gold is one of the most popular forms of investment in society, gold is considered an asset whose value does not go down easily. As technology develops, Bitcoin is present in the midst of society, Bitcoin has also begun to be looked at as an investment instrument by a number of investors. Bitcoin is starting to be considered as having a value that is not easily shaken even though the economic conditions are weak. Due to the character of Bitcoin which is resistant to inflation, Bitcoin is also called digital gold.

Seen from one side, Bitcoin and gold have the same function, but when measured in terms of buying and selling values, Bitcoin and Gold have different characters. The price of gold is influenced by many things, such as the uncertainty of global conditions, supply and demand (gold), monetary policy, inflation and the dollar exchange also greatly affect the price of gold. What affects the price of Gold does not apply to Bitcoin because there is no centralized system that regulates buying and selling prices. The price of Bitcoin can decrease by more than 20 percent and can increase by more than 20 percent in a day. That is the reason it is difficult to determine what the ideal price of Bitcoin is because it is purely determined by demand and supply activities that occur in the market.

I wouldn't say gold and bitcoin has the same function because gold is something you invest into and can't use, and it's a physical thing that you need to go and buy. Whereas, when you are talking about bitcoin, you are talking about something digital which you can do from your phone which people use more and more everyday, and you need to also make sure that you are making a profit when the time comes and just sell right there on your phone wherever you are, could be home, could be work, could be while sleeping on your bed, could be on the bus going to work, it's the ease of the trade that makes it more fun.

On top of that you can use it like money, you can pay people with it, you do not have that in gold unfortunately and that is why I believe bitcoin should be bigger than gold.

Quote from: Oasisman on July 11, 2023, 03:18:48 AM

Such a great story of determination to get out of poverty and be financially free. However, I hope your teacher or even you have just made a good decision in putting all your efforts into bitcoin. I mean, with just a small amount of money you put into bitcoin for like what every month? that won't do much in the long run though considering that the price may be higher in the next coming months. I'm not discouraging you or something like that, but merely giving you an idea of how much potentially will you gain as a profit in the coming years, because I was thinking that it should be wiser to just save those money you have worked for or use it to sustain your studies and finish them first in order for you to get a good paying job and from there you will start your investment journey since for sure you already have enough money to generate good profit by that time.
Frankly speaking, you shouldn't be focusing on bitcoin for now, use that money to finish your studies first. Trust me, when you get a high paying job everything will come easier.

I understand that it is not going to be easy for a lot of people to invest into bitcoin with all they have, it would be risky and dangerous and not everyone has the same level of stress for it. I got used to it over time and I can do it without blinking an eye and it is not really a big deal for me, but this is me and I am not everyone so it is not going to be that easy and we are not going to see everyone reacting the way I do.

This isn't because I am some sort of great trader or investor, that's mainly because I have been around for far longer than most other people and investing wasn't easy at the start for me as well, then it became easier over time, given enough time to those people they would have the same result as well but they would need time.

Quote from: The Cryptovator on July 08, 2023, 07:04:15 PM

By observing market trends, one can notice a common pattern: when Bitcoin experiences a price decline, many other coins in the market also start to decline. This phenomenon occurs because individuals tend to panic when Bitcoin's value drops, leading them to sell their holdings. Consequently, the altcoin market reacts accordingly and follows suit. However, there are instances where certain coins deviate from this trend and instead experience significant price increases. This occurrence often indicates that there might be specific news or stories associated with those particular coins, driving their surge in value.

Market moves together, there is really no shock about that, and it is not just one way around, it is both sides, if alts go down then bitcoin goes down as well. Remember when luna crashed? That caused bitcoin to crash as well so it's obvious that we are doing fine with it. I am not saying that it is going to be like that forever, I am sure there are moments when they move independently as well but most of the time they move together and that means we are going to see price changes that go hand in hand together.

It is not an easy thing to see when that will happen though which is what we are trying to do at this point. We shouldn't judge how they move, but when they will move, that will allow us to make more money and could help us profit.