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1581  Economy / Trading Discussion / Re: after listening to manupulation, i think in this way on: April 22, 2023, 03:04:33 PM
Cryptocurrency is a manipulative market, I would say it is the most manipulated, even bitcoin is still being manipulated rather than based on supply and demand. Bitcoin has the largest market cap, accounting for almost half of the market cap, so it can be said to be a bit more difficult to manipulate than shitcoin.
As a manipulated market, so I always tell people not to trust technical analysis too much. We can use technical analysis, whales can also use it to see the market situation. But we don't have much money, and whales are people with a lot of money, so they can make the market move at will.
I do agree that bitcoin is harder to manipulate using money, because not that many people have billions to manipulate the market easily. However, we should also remember that alts could change the market as well, such as Luna crashing to zero thanks to someone spending less than half a billion dollars, still a lot of money, but the price of bitcoin went super low because of that, meaning something like 300 million could drop bitcoin price indirectly as well.

Or FTX bankrupting is a good example as well. All in all there is also media, such as Elon saying something that makes doge go up but btc goes up a bit those days too. So it is still manipulated, maybe indirectly via other coins, but that doesn't mean never.
1582  Economy / Trading Discussion / Re: What are your most effective crypto trading strategies? on: April 21, 2023, 08:26:01 PM
Start small and increase your risk and capital as you gain more knowledge of the market through experience. I always advise anybody I bring into the cryptocurency market to start with trading Bitcoin against stablecoins and as they begin to understand the market better then they can shift to other pairs and finally trading altcoins entirely because that's where the money is.

I noticed that those who immediately start trading altcoins could get confused and lose to the market as there are so many of them in the market that looks good for trading but are just useless and immediately you buy, you can get dumped on. It's never a good choice to start trading what you don't understand how they behave.
I think starting even with zero could be done, if one wants to be that careful. Well, you can learn how to trade from studying indicators and reading charts and overall TA basically, but then instead of starting slow, they can open a demo account in a demo place and make moves on real market movements, prices are based on real prices in most of them, so you should be doing fine and to keep that going for a long time means that you will learn if you studied enough or not.

That doesn't mean you will be great at real trading just because you are great at demo, but it surely means you start with not losing anything at first. Then you can move with small real money ones and can see if you are any good or not as well.
1583  Economy / Speculation / Re: Correction from $30K: Reason to worry? on: April 21, 2023, 07:18:04 PM
if you look at the current movement of Bitcoin, maybe it's something that won't happen, but it's all uncertain, the price of Bitcoin moves quickly so that everything is very possible to happen and everyone has different wishes and expectations for the price of Bitcoin.

in the last two days the Bitcoin price has been corrected slowly and with a small percentage and when compared to the increase that has occurred, a small correction will not cause panic because the movement is slow and only a few.
for support points maybe we here have different beliefs, but personally I still firmly believe that the price of Bitcoin will not be corrected too deeply and will recover in the near future.
I think slow one matters because of two things. Yes it is going down, but it is not going down too much, it has been just a small drop and when the amount is this insignificant, that doesn't really matter to people and that's the important thing.

But the second thing is that if we are talking about the current period, it had a lot of increases at the moment before this happened, so when you go from 16k to 32k that means that we are going to end up with a small bit of increase and that is why I think people are fine with that. I know that reaching from 16k to 32k means that you are going to have a bit of a fall and that's fine. I also believe that we are going to see it stay here and then up higher after all of this drop is down.
1584  Alternate cryptocurrencies / Altcoin Discussion / Re: We are about to enter altcoin season, what do you think? on: April 21, 2023, 06:28:41 AM
It is true with Bitcoin because it is not an altcoin but ETH is. ETH is the biggest altcoin and just like BTC where it leads the crypto bull run/season, ETH is also leading the altcoin season. In a normal market, BTC and alts may seem to move slower. That is because their value is already huge.

It's not easy to manipulate these coins anymore but cheap and newer altcoins can seem to pump higher than them especially when they are on hype but those gains are not long lasting and once they became big, their gains will also move slower like the older coins. Bull run is not permanent but it can immediately be replaced by a bear so those who missed buying can partake this time. Traders are pro so don't worry about. them. They have solutions for each type of market.
At this point when people say altcoin, they do not think about ETH, it is so much bigger and doing so well that people think about other stuff, coins that are lower than that. Even other top 10 coins considered as altcoin but not many of them really gets considered as highly as ETH which is why there are confusions sometimes.

But back to being in altcoin season, I think when we hit altcoin season, bitcoin will not stay silent neither, we are going to see that go up as well and it should be doing fine. I personally believe that everything will go up, not just eth or btc but ALL coins will go up. That is how it happened so far and I am confident that it will probably be the case for the future as well and shouldn't change anytime soon.
1585  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 10k investment on: April 21, 2023, 05:08:45 AM
For me, your choice of coins remains unclear, since you yourself understand that in case of a Ripple loss, the price of an XRP coin may approach zero and nevertheless you are considering it for investment. 3-4 years for investment is a long time, therefore, it is necessary to choose coins from those that after this time will not only remain on the market, but also increase their value.
It is important to make a wise decision considering many things,
because at least that way we can analyze the risk which is good for ourselves,
there are still many decent and safer coins for investment and if indeed for the long term of course the best choice is Bitcoin.
I do believe that we could make a portfolio out of such amount, we shouldn't pick just one. I mean 10k is a good amount to say that maybe 5k for bitcoin is enough, going for full on 10k with it may make it a bit rigid and that is not something we want in investment.

Most crypto move together and that is why we can't really say that it would be a decent thing to do, maybe it sounds like "what if I put it all on bitcoin, they all move together anyway?" type of deal, but at the end of the day we are talking about still a bit of difference and that is why it should be a lot better. I personally diversify it as much as I possibly can and it does bring out a great deal of profit for me when I do that for sure.
1586  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your take on the "seasons" topic? on: April 20, 2023, 05:11:41 PM
And there are only 2 "seasons": Summer (Bull) and Winter (Bear).

Someone might disagree with me as there are no real definitions to my knowledge to these terms. They are just memes from long time ago
True, as far as I know there are only the bull and the bear markets, which are the only seasons available on this environment. They are always ignited by a major movement in Bitcoin's price. If BTC goes up, we enter a bullish season and if Bitcoin goes down we enter a bearish season.

Altcoins don't have any influence on this process. It's quite the opposite, they are heavily influenced by the process.

I think what OP says about altcoin, memecoin, NFT seasons could be replaced by altcoin, memecoin, NFT hypes, what is also a consequence of the seasons, but not the seasons themselves.
I would say that it is a combined effort and not just bitcoin. I know everyone thinks that bitcoin going up means alts going up as well, but sometimes alts do matter in the process as well.

Luna crashing made bitcoin fall too, or FTX crashing made bitcoin fall too (albeit there was btc in that case too) so I would say that if there is alts that go down, we saw bitcoin go down as well and I am sure the opposite is true. I am not saying alts make bitcoin move, I am just saying that it is an overall thing and I believe that it should be a bit worrisome to never look at alts when you are looking for seasons. If it is alt season that means bitcoin had something to do with it, but if btc went up, then alts had something to do with that too.
1587  Bitcoin / Bitcoin Discussion / Re: Advise to a friend on: April 20, 2023, 04:30:10 PM
I've read through all the replies and although there were different responses, I think I have gotten the best answer to my question because most members gave similar answers.
I was not trying to convince my friend, I just educated him a bit on the difference between Bitcoin and altcoins. I don't convince people to invest in anything at all, not even Bitcoin. 
From the replies, I think I would just help him understand Bitcoin better and leave the rest for him. If he wants to buy then fine, if he doesn't, still fine.
I would also keep reminding that the best way to learn more about bitcoin and the lingo would be checking binance academy. You should check that out too, not for yourself because if you have been here long enough then you know them all already, but you should check it for your future, to tell people. Knowing something and teaching it are different skills, I know how to write very well for example, I am very good at it in fact, but when it comes to teaching it to others? I would be fish out of water.

So if you check binance academy yourself as well, then you will know how to teach it to other people and if your friend reads it then they will learn a lot better from there than what you can tell them personally.
1588  Bitcoin / Bitcoin Discussion / Re: Your tips and tricks to orange pill your family and friends on: April 20, 2023, 01:40:50 PM
Actually I don't want them to, you may call myself selfish which is true somehow but the main reason is I don't want to mix up finance with relationship because it mostly will end up in bad situation so just let them what they do and if tou feel they are doing something wrong then you can give your suggestions about how to succeed from it but its their choice to decide what to do and we can't analyse or force someone to invest in something what we are interested.
That is not a bad reflection on life though, I would agree with that. If you put finance and relations together, the relations would get damaged when finances are damaged. If you take money from your friends, even if they begged you to do it, then when you put it in bitcoin you will end up being upset that you lost money, even if they say nothing it will feel bad.

I did it for a family member, they wanted to put a small amount, an amount I could just give them even if all of it was gone, but when they lost it I felt terrible, they are back to profit again thankfully but it was a terrible feeling. So all in all, I understand your point of view, and that should not be an issue for you at all, it should be totally understood at this moment.
1589  Bitcoin / Bitcoin Discussion / Re: Is bitcoin price control by human agents or electronic technology? on: April 19, 2023, 02:30:45 PM
Supply and demand makes the market open, and therefore what leads to balance in the price is arbitrage.

When I find that the price of bitcoin on one platform is $31,000 and on another platform it is $28,000, I will definitely try to transfer my currencies to that platform, and this is how the cycle of supply and demand is achieved until the market balances.

But the difference can be very large, because I remember in 2017, the difference between one platform and another was more than 30% on the same day, but it is rare to find that these days.


You will notice that the difference is simple between CEXs and is greater in DEXs.
example:
Binance $29,309.71
Birake Network $30,191.90
I do not think that it is that common to have that much gap anymore, when there is a gap arbitrage people and bots take care of that and get it closer, you may find it rarely here and there but most of the time that's covered. Even in dex projects when you have spread in the LP there are bots that take care of it as well and make some profit.

This is why I have to say that it is important to keep that in mind when you are making this difference, I would highly suggest that anyone who tries to make this should be able to realize how difficult it is. Even if you want to create a new bot for it, that would be start hard, because there are ones who have been doing this and fixing every little issue for many years now.
1590  Economy / Trading Discussion / Re: Trading have concepts on: April 19, 2023, 11:48:52 AM
Another advice would be if you are investing, keep it professional and avoid factors that would affect your decision making emotionally. While it is good to invest along with your friends or family, it would be better to keep the amount only up to a minimum which you can easily brush off if ever lost. This will not only save your funds but will also save your relationship with them. If you really have to, then be picky and only do it with the ones you really trust and you know are well versed in doing such investments.
Emotions part is very true, it is not easy to keep your emotions in check that quickly, it may take some time to make a profit when the time comes because you are worried or fearing or happy or excited or whatever else. You may make mistakes if you think with your heart and not with your brain, a lot of people make that mistake and that causes them to have a trouble in the future.

It is going to take some time before we can master trading, but if we can master not using our emotions as our first step then the rest will come easier. Sure you need to learn TA, or need to learn how to read a chart, or many other million things, but if you can't control your emotions then all the other stuff means nothing at all.
1591  Economy / Trading Discussion / Re: 5 Things I've learned day trading Bitcoin for 3 years (successfully) on: April 19, 2023, 10:58:15 AM
As someone who has been day trading Bitcoin for the past 3 years usually successfully, I have learned some valuable lessons that have helped me become a successful trader. Here are five key things I've learned:

1. Never trade against the market trend. The market trend is king, and attempting to trade against it is a recipe for disaster. Following the trend allows you to capture profits and avoid unnecessary losses.
I just remember before that when I trade, I only check the lower timeframes and not the trend or the bigger picture, and most of my trades are against the trend, which at first seems to be working, but there are times that it won't hit my TP and it goes in the opposite direction, which is really the time I should be checking the trend to filter out false signals on my strategy so I can better decide what trade to take.
I agree that it does have times when it goes against the tide, and sometimes that is the risk we take but that is not the common one so we should be fine overall. I personally trade based on what I can see on the charts and my TA calculations as well, but that doesn't mean that we should be able to make a big deal out of this, I hope that it does go well and I make a profit from it but that doesn't mean that it will happen quickly, it may take a while as well.

I think long term is the best because of this, because that doesn't have right or wrong, you either wait long enough to profit, or you can't wait long enough and you lose, but it is guaranteed that if you wait long enough, you will profit from that and that's a great feeling to know.
1592  Economy / Speculation / Re: BTC Sentiment Poll for April on: April 19, 2023, 05:10:15 AM
it looks like it stalled a bit and went below 30k for a bit.  All good tho as it's out of the 28k range and looking to stay above it albeit a little stall.
I agree that we are not going to go down under 28k anytime soon, that would require some substantial amount of money that needs to leave the market and not like we have anything that will be like that on the horizon right now. Could happen one way or another but that is not going to happen these days. I bet that we are going to end up seeing something that should be considering a bit towards the current mathematic which would be going up in the bull run.

Not a lot of people would see something like this, I mean think about it bitcoin is doing as well as hoped for; so why would it go down, even if we consider 28k could hold well, maybe we won't even need that and we will keep going for the rest of this year with small hiccups time to time.
1593  Economy / Speculation / Re: Where next for Bitcoin: $20K or $50K? on: April 18, 2023, 07:40:41 PM
Although Bitcoin started off on a disappointing note yesterday with its price falling below $30,000, however later in the day it began to recover and now it is trading at around $29,916 which suggests that market is still in the control of bulls. It appears that Bitcoin has built strong support around $29,000 which is good sign and we may wee Bitcoin surpassing its next resistance level of $31,500 before making additional gains.

In view of the current positive outlook of market, which is expected to persist in coming months, it is possible that we may see Bitcoin surpassing $50,000 by the end of 2023.
Just because it went under 30k for a little bit doesn't mean that it was disappointing, those things needs to happen. There is no strong wall for support at 30k, there is one at 28k so that means as long as we are above 28k we should be doing fine and all other drops and increases are temporary. I haven't checked the latest resistance, but we are doing fine here, anywhere between 29k-31k range should be considered normal movements.

I can wake up to 29k tomorrow and 31k the next day and I would consider them both as the "same" situation we are in, those have no difference in the grand scheme of things. Obviously small intraday traders and leverage traders would have a field day with those, but for long term investors like me, they mean the same thing.
1594  Economy / Speculation / Re: Progression in price on: April 18, 2023, 06:12:40 PM
It can be possible but not guaranteed because the price can go more up and then come to dip in a second but As we enter the year 2023 so there occurs a greater increase in price. The price not always goes in straightforward direction sometimes all our hopes ends due to Fluctuations in value of market.

There is always a sudden move in market and one have no Idea about it but it is necessary that we should be ready for each condition and accept it. The value which you mentioned can be achieved but we don't have any knowledge about it because its not a reality its just prediction and prediction doesn't have any future it can be true and it can also be false.
Volatility is the middle name of bitcoin. I have to say that I have seen so much increases and decreases at the moment that it is not a simple thing to handle, sometimes you can do it, sometimes you will fail to do it but it is true that we should be considered as a great thing.

I do believe that we should be considering the current situation as profitable and we should be buying as much as we can, volatility could happen but it doesn't mean that it will fall down overall, it will go up. So just consider the price going up and the volatility will not be a problem, sure it can go up 5 and down 3, but that is still 2 up, consider that as your profit, so the volatility could happen and drops could happen but the overall will be higher.
1595  Economy / Gambling discussion / Re: Cricket match prediction discussions on: April 18, 2023, 01:34:51 PM
I think Saudi Arabia doesn't pay much attention to earning money. They are very enthusiastic about spending money. If they want to substitute cricket league for profit then they will fail. But I think they are planning something to introduce their country to the world.
They must be going through a long planning process. They are widely known in football. Also they want to do something that can take their country to another level globally. They are the ones who consistently keep an eye on cricket. To be honest I think big cricketers can join there if the money is spent. However, no cricket league is complete without Indian cricketers and that's why IPL is the best.
Right now, money or profit is no problem for the Gulf region countries because they are investing huge funds for the change of mindset about them after having good experience in soccer clubs around UEFA now they are investing for their own leagues and as Qatar organize soccer world cup things are completely change competition is on for few countries to organize events like this which is surely not easy just because of this now Saudi Arab are having intention to bring cricket in their limelight even this is not easy task but most chances we will have one of the best league from their side which will also give huge profit and salaries to players.

India is the biggest stakeholder with the biggest market, but we can expect good revenue and profit for them as well because they also have good fan base around subcontinent and as they change things in soccer we can expect good changes from them in cricket as well.
1596  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: April 18, 2023, 12:11:00 PM
ICC and some of the Asian boards started giving importance to women's cricket only recently. Other sports bodies such as the FIH and FIFA were much ahead of them. Anyway, better late than never. Women's cricket will never be able to match the popularity and revenues from the men's game, but it is important in terms of acceptance from the governments and other global bodies such as the International Olympic Committee (IOC). At least now, we can say that the ICC is moving in the right direction, although they may be a few decades behind the other sports bodies.
In cricket only Australia, England and New Zealand were paying attention to there women team. Very recently we saw BCCI also joining in and promoting women cricket by launching Women IPL. Outside South Asia popularity of cricket is not very hight, so women cricket will take time before it attracts adequate viewership.
Meanwhile first ODI match of ACC Men's Premier Cup is in progress at Kirtipur, Nepal. Malaysia have given a target of 236 to Nepal. Nepal so far steady in run chase as they have scored 53 runs in 8 overs.
Recently we have good changes in sports with many countries are also developing these facilities for their women's because they understand this is also good way of making profit and many other advantages as well so after Big-3 now few more countries are bringing good improvement in quality and having leagues as well which will surely give experience and improvement in performance, even it's still not easy job with domestic restrictions and many other social difficulties.

But, as ICC is forcing for these things surely we will have better results and all countries will also encourage their domestic setup for having better sources and finances as well recently we have few teams from Thailand, Malaysia and Rwanda in women's world cup which is also big success for the game.
1597  Economy / Economics / Re: Maybe Not Possible For Governments To Get Off Fiat?? on: April 18, 2023, 09:44:10 AM
It's not a political issue, it's just competition in the market. Everyone wants to be the world's head and center, and that's what's going on between the US, China, and Russia. The USA has been at the top of the world for more than 100 years, and it is time for them to give up that position to the stronger in the same way they overtook Britain 100 years ago. The revolution of eliminating the USD, and reducing dependence on it is taking place, although there is no guarantee of success, but it shows that USD has started to have many problems.
It's true, but we still don't know what BRICS countries will do to USD in the future. China want to replace USD with Yuan, but it's rejected by many governments. With the help of other 4 countries e.g. Brazil, Russia, India and South Africa, there's a chance USD can be replaced with their new money. Russia and India are big countries, so US and it's territories should be careful.

I still wondering why Euros are smaller than USD and Yuan, it's accepted by many developed countries.
I think EU just doesn't want to participate in this situation, they are happy with what they have and do not want to be bothered all that much. When you look at all the "financial war" between nations, sure you can see Russia, China, USA and even can consider EU to be part of it but not so much, which means that euro will not be as strong because they do not want to be part of any war. Sure they participated in Ukraine one, but that is because it is a real war and not a financial one only.

I think BRICS could try their best, and they could end up not using dollar between each other, which would be a great benefit to them, but that doesn't change the fact that it would be hard for them to continue down that path as well, there will be some challenges.
1598  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your take on the "seasons" topic? on: April 18, 2023, 06:08:35 AM
One rather overused term in crypto are "seasons". I admit getting sometimes a bit lost whether we have now "altcoin season", "memecoin season" or whatever else. There are also people who have theories about which season follows which. Was wondering - is their anything more than anecdotal evidence for the existence and order of said "seasons"?
I do think that it is right. There is no set thing like real seasons. For example winter is not as cold as it used to be and yet spring is getting colder, we didn't start calling April winter though, we still call that spring. Which means that it is set and it won't be changing, or it requires something much bigger to change it at least, like the whole world getting together, plus its summer in south hempishere as well.

All in all I would be guessing that seasons in crypto is nothing alike, if it is a bull period it is a bull period, doesn't matter when that happens, we all know thats it. Which is why I am assuming that the seasons part is true and it is something that should continue to be used and I think it changes based on who you ask anyway.
1599  Alternate cryptocurrencies / Altcoin Discussion / Re: We are about to enter altcoin season, what do you think? on: April 18, 2023, 05:34:24 AM
What is your thoughts?
As we about to enter the altcoin season, I think we should be careful of the altcoins we still choose to invest in and the number of altcoins we invest in. Choose a few altcoins that you have researched to have good potentials and invest small amounts in them. Do not make the mistake of investing in too many altcoins, as it increases your chances to gain more, it also increases your chances to loose.
That is expected because aside from the chances of having more profits by buying large amounts and different coins, there is always that same chance where you will have losses in the process because the risks aren't eliminated or somehow minimized, it's still the same that is why we should buy what we think will give us profits than losses. And I agree with you, there's no need to buy a lot of altcoins, a few of them will be enough but make sure that you're only buying altcoins with good potentials or among the leading altcoins.
I think there is this understanding that if you make a lot of profit from the top names, you start to use your profits to invest into riskier stuff. So if you made x10 from your initial investment, then putting just a small amount, something like 100 bucks, into multiple stuff could get you a lot better returns as well.

Most of them will go to zero or just crash, but even if a few of them hit the mark and go super high, that would double your initial investment right away. However, since this is super risky, you do not start with that, you start investing into bitcoin and ethereum and so forth, stuff that are trustworthy so you will do better with them, but then after that is done you start to invest into other stuff with that profit.
1600  Alternate cryptocurrencies / Altcoin Discussion / Re: After FTX collapse, some call for a return to decentralized roots on: April 18, 2023, 04:35:22 AM
Remember what DEX were on the market 4 years ago and look at what they have now. How many functions and features appear. There is already a DEX with leverage trading. I think soon we will see DEX where there will be liquidity for tens of billions.
Not just 4 years ago but more than that and it was also taken into notice about these dexes. I still remember some of them that became popular but then didn't contain the competition because it's tough. Most of the old Dexes were already forgotten but they were made and used more than 4 years ago contradicting what you've said that they were in existence since 4 years ago. Well, their growth is true. Many of them even if just made a couple of years ago, they've become popular and that's the roots of decentralization that are being completed and continued. But then talking about FTX, there have been news that they're on recovery and looking forward to their comeback but asking people in here about if they'll still use them, I doubt it that many will obliged.
I think we already have over 10 billion dollars in all of DEX total as well, so it is not really a weird situation to be in. Obviously we are not going to see that in trading volume just yet, but we are seeing it in LP which is all that matters to me, it means that it can cover so much very easily. We are going to see it grow, we are not going to see CEX going away, that will stay as well.

Remember that crypto market is a growing one, so we could see CEX and DEX grow together thanks to market growing as well, some people will move from CEX to DEX whereas CEX's will find new people to join instead of them. This is how the market will continue to grow, it will allow us to do a lot better and surely that is a bright future for all crypto investors.
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