While it feels like we are in the beginning stages of a bull run, it also feels like we made a pretty big move and now we’re seeing profit taking from the short term traders. No idea how long this will continue, but I think it’s pretty bullish if we hit $24K before falling back below $20K. At this point it’s a game to try and tire the leveraged longs out and build some more shorts before making the next big move.
Isn't that normal? I remember at least 2 other big bull runs, and I am not saying it will be the same and we will break ATH or anything like that, but in all those big bull runs we had short term traders taking profit, and then we moved on to make more profit. I believe that we are going to end up making a profit anyway and it should be just a temporary hiccup for now. Not saying it will be huge, but just because we had a small drop doesn't mean we will go down and go back to bear market, I think bull will continue as soon as this commercial break is over. We have too many people who bought at low, so we need to wait a bit before they all sell out and bull resumes again after that. |
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I won’t say that the bear market is over, but it’s better situation if we compare to the bear market. BTC is now building up a resistance at 23k usd. If Btc manages to break it and come till 30k usd, then we can say that bull market has started. Currently we are at very early stage. From here next 2-3 weeks will be very important and anything will happen in that. So yes, we have to think and see where will Bitcoin go in these coming weeks. In the mean time gather as many Bitcoins as you can in your wallet.
I agree, there is a line between being in bull market and not being in bear market and we are there currently. I would say bear market is "over" as in it is not in the bear market right now, but we are not totally out of it neither, one drop and we will be back in there again. So, we should be considering the current situation as both good but also dangerous. It's good because we are up now, but it's dangerous because we could drop at any moment as well, so we should be a lot more careful. I believe that things have not calmed down just yet, and with what we have right now, it will definitely be something that will take some time to return to normal prices again, I mean higher prices. |
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I don't think that this meme coin can stay in the top list on CMC nor crypto market for long. sad to say that the price of these tokens has been manipulated by whales. if you still have this token then my advice is to sell it immediately while there is a chance, for me personally, shiba tokens are not good for long term investment.
Top what? There were also top 50 and top 100. As long as Shib is still there and not de-listed from CMC then it will always be at the top x,xx,xxx and so on, on the list. I think the only way for this coin to get de-listed in CMC is if it will also be de-listed in any decent crypto exchanges but for now, I don't see any reason for it to happen. I know Shib is only a meme coin but as long as it won't scam the public then it will be just fine even though it won't pump a lot. Like anyone else in the room I can only use Shib for gambling maybe and then I will just sell it immediately for other cryptos that I think more valuable to HODL for long term. OP should re-consider his decisions asap. |
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Between Chainge and Woo network which new exchange token is worth investing on right now? If you have other better options you can add, I know of LCX which is better and I've already invested in the project, what other good ones you have in mind
I recommend to go with BNB, KCS and WRX. Out of these 3, KCS and WRX are trading at good price levels to get into. Wazirx is an India exchange and due to government's new taxation rule, their token is trading 10x lower than ATH hence it must be a right time to accumulate to enjoy 2x to 5x easy profits. KCS was trading strongly around 0.0005BTC for long time but right now trading below 0.0035 levels hence bounce back may happen at any time which means current period must be a right time to enter. (Also they provide daily airdrops of KCS if you hold KCS within kucoin exchange). They still have $27 million worth of USDC sitting in their treasury, which is more than MNGO's current market cap ($20 million).
Are you following them from their beginning? Is their any facility available to crosscheck about that $27M USDC holding in treasury. I never heard of mango dex before but suggestion leads me to think about investing in mango. |
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If you're young and haven't inherited a property from your ancestors, chances are that you're forced to rent.
There are many other reasons on-which you may entitled to occupy a premises on rental hence blaming your ancestors alone sounds inappropriate in my view. I am in a rental house even I own a house due to my job reason. In my country, people who are into certain kind of government job, get frequent relocation which lead them get into rental houses as buying a house for every 3 to 5 years is not possible per their income. after spending all this money, you're practically left with nothing and may be subject to looking for a new house at any moment.
If you are good in planning then you should plan for buying a house for your own use or for renting out. I have seen many people in my country living life long in rental houses because of their limited income. So, living in rental house without proper budget plans might lead you never own a house. |
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American Government can just spend 40% more than the incomes, and no problem with that. Debit all the way.
I just wonder that even when the world's top economy's government cannot find enough revenue resources to match the expenses what other developing or under developing economy based governments are doing. So, printing paper money out of nothing could be the only solution here? It is really shocking to me. Government must take over the insurance kind of high networth businesses to handle the situation better. This is why bitcoin was born. This is literally money creation.
Yeah, no government concerns about inflation and the devaluation of their own money. In short, no government work with long term goals; they just need to solve that year's deficits and need to get ready for the upcoming election; because all governments are run by politicians and not my visionary economists. |
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I don't think this will be that much of an issue since the so-called "Digital Dollar" is still gonna be governed by the Federal Government which makes it not decentralized, unlike Bitcoin.
Yeah, and it is not limited to decentralization but it cannot be an asset as well. Why we are preferring bitcoin compared to gold or paypal; those same reasons will applicable against all government issuing digitalized money. As of now, 90% of people have been adapting bitcoin for the reason of its investment characteristics which is obviously missing with those digital money. So, nothing could stop bitcoin as of now. In a sense, CBDCs are flying a little under the radar in terms of most consumers probably not having heard of them.
When they start hearing about it, I am sure they will hear about bitcoin as well. In my opinion, government's digital money will help bitcoin to reach more people as government will try to develop basic infrastructures needed for their digital money and the same are enough for bitcoin to be adapted as well. |
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Power outage is not only problem of African countries but also many Asian country are suffering economic losses due to power outage ,as well high cost of electricity which has risen to the level where it has become difficult to afford for an average person. This appended due to rising cost of fossil oil used to generate electricity which is not only costly but also pollutes the environment.
One solution to this problem is transition to Solar system which is low cost and environment friendly.
Yes but thing is that, south Africa is our main topic here and not any other country. Also I think south Africa is suffering badly along with Pakistan for example right now. I think it also has to do with their government. If only the government of a country is good enough then it's country will also run smoothly with lesser problems that will be experienced. I can relate about that high electricity cost as I also experience it here in my country. It's crazy on how they can demand like that but then their service are very poor. Often there are power interruptions. Until we are replying on limited sources like coal or petroleum then one day or other this kind of situation will be inevitable for any country. |
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To be fair, most people involved in the government aren't able to print money either. However, they're currently getting paid in fiat, and convincing that another currency which they currently don't get paid in, is better will be hard. Especially, when these types of people generally don't care too much about money, since they're earning more than the average person will be able to comprehend. Obviously, they care about money, but they don't care about a completely different approach to money, because they're already successful with the current money system.
Generally, Bitcoin is adopted by the less fortunate. Obviously, this isn't the case for everyone there are successful people involved in Bitcoin, but they probably aren't being funded by fiat, the way that government officials would be. Plus, I do think there's genuine reasons why a government wouldn't want to adopt Bitcoin, especially in it's current state. I probably wouldn't even recommend adopting Bitcoin completely.
I think it creates an equality and that's why it's so important. Look at fiverr and even though it's not five dollars anymore and it costs at least 100 dollars for anything, you will not find many Americans or British people there, it will be from nations that have a lower level of economy, and people from those nations work in fiverr to make that money. I personally believe that crypto made this into a global thing, people all around the world found cheaper workers, and workers ended up finding more money and we all got together and switched the whole business world into its feet. They were the ones who produced things in China and sold it for American prices, so now people find those workers individually as well. |
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Bitcoin is such a young asset, volatility is natural when it’s only been around since 2009. If you’re smart about it, volatility is a good thing that you can use to your advantage.
Try not to worry too much when bitcoin is down. Patience is required but bitcoin overcomes downturns & FUD, it always does. Just hang in there, buy when it’s down & sell some during bullish periods.
I believe that it allows us to make a lot more profit this way, but at the same time it's going away soon as well. Even right now, we are not as volatile as 10 years ago, why? Because it was cents back then, or dollars but low amount, and we were going up x10 easily. Nowadays, in order for bitcoin to go up x10, we would need to be 200k+, and even compared to bottom, it had to be 160k give or take, pretty hard to do. So at the end of the day we are talking about something that is less volatile already. So when it does reach 100k, x10 will be 1 million dollars, and even harder and this is just x10 we are talking about, it was even more volatile back in the day, and will fail to do x10 in the future, that is why I think it's less volatile already. |
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I think you should also increase the portfolio. By that I mean you should not put all the money in single coin and also have more profits to show us all with that kind of investment. With that you will have few advantages like you won’t be gambling your money in one place, you will have security of one coin over other. I think it can really help you gain the ROI very fast if market reaches bloody level one more time. Technically speaking this is not big investment that you have done, may be it’s just a trial for you. Or consider one that way to achieve bigger success in the future investment.
I agree, that's called diversification and if you could put your money into 20-30 different things, even if they are leveraged, it would probably not be the same result and you should be fine. I do it on long term investment, I try to diversify as much as I can, although not do that with bitcoin because nearly 50% of all my money is in bitcoin right now, but the rest I try to diversify. And when I ever try to do futures I try to do it with as small as possible, like 50-100 dollars at most and if I am right then the return is usually pretty great, nearly as much as my whole salary, but if I am wrong then I get to lose just a bit, not a huge amount and I could live with that. |
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Which is the best? Trading on bitcoin or investing in the stock market? The battle between short period earning and long-term earning. Share your thought about it.
If I were Warren Buffett, I'll answer obviously the stock market and he's a long-term earner. But since we're in a bitcoin forum and I'm a bitcoin investor then I'd say that bitcoin is better for me because I've experienced the better things with it when I'm able to make a profit through it. And if you're struggling to choose, you're already in the forum and it's not just bitcoin trading but it also includes altcoins if you're for it. But instead of bitcoin trading,you may want to choose bitcoin holding instead. Yeah, if we were making that much money from stocks then we wouldn't even be here. We would simply just look at stocks that we picked and how much money we made and that would be enough. In any case, I have to say that it's a good life that we are living right now in the crypto world the same way warren did with stocks, there are a lot of people who made a lot of returns and I feel like it's not going to be that much of a shock in the long run if someone gets as rich as Warren did from crypto investments. I mean we still have some time, in 10-20 years there could be some worlds richest man from crypto, and it's too early for that now but when that happens it will definitely impact the prices a lot and people will want to become like that person. |
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In my personal opinion, I think ICC is obviously going to want India versus Pakistan matches a lot more. Because these matches bring ICC the most amount of money. So, I think ICC is going to want to see India versus Pakistan match in the Asia cup as well as in the world cup.
But with the recent statement that India has made, it seems hard to see an India versus Pakistan match in the Asia cup. However, I think India is actually not going to do something like that. I believe India is going to play in the Asia cup even though it is going to be played in Pakistan.
Simply here situation is not going to change with the wish of ICC because here things are completely different and no one want to talk on table; mostly here decisions are taking by politicians on big gatherings for their own vote bank which is more important than ICC and per their wishes. No doubt, with the matches between India and Pakistan ICC is getting record earning and these two countries can also make good profit from this all but sadly things are not favourable for this all, and we have to miss out this all for long time even many wants this never happen in near future just because of this they are trying their best for changing venue from Pakistan to any other neutral place and also wants to Pakistan boycott the next world cup because it's all about politics and not for the sports. |
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Even if we can't predict when or how, I'm confident in bitcoin's and other cryptocurrencies' long-term success. It is up to us as individuals and as a society to spread awareness and encourage widespread use.
In order to spread it, we need to first make sure that it goes high enough and stay there enough. I am not sure if we are going to end up with anything good by spreading it now when it is so low, there are people leaving the market right now, let alone bring new people in. So in order to make sure that we spread the name of crypto everywhere, first we need to buy it ourselves, if the people who believe in it end up investing right now, then it would make a lot more sense towards anything regarding crypto. I believe that we should see it at 30k+ at least to start spreading, so that we could say it's recovering and people may take another look at it for the time being, would definitely help. |
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In short, Bitcoin is always unexpected. And these "social media experts" are speculators also. Since Bitcoin is extremely volatile, you will be unable to predict what are the next actions of it.
And there are also some people who are not believing with Bitcoin, and I do believe that these people are also have their own opinion or some of them don't know what Bitcoin is.
That's right, those people just make "guesses" and they think they know better than us but they are wrong. It's not because we are as smart as an expert or anything like that, it's just that there are no experts at all on this because there is nothing to become an expert on. You could look at TA and try to make some predictions based on indicators, but that doesn't mean that you will hit it on the nail every single time, there will be periods when you will be wrong as well. This is why is easier to just lose if you could, and that way you will end up with a bit of a trouble if you are wrong but at least you would be profiting if you are right and try to be more right than wrong. |
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I heard about Bitcoin years ago but due to my lackadaisical attitude toward things, I ignored because I believed then that any thing bitcoin or crypto are all Ponzi or scam😁.
Ponzi is one of scam types and scams are everywhere, not only in cryptocurrency market, not only in Bitcoin. Bitcoin is not scam but scammers try to use Bitcoin as one of their favorite scam tools against naive people. Definitely Bitcoin is created to change the world, to stay here with us. It has yet been dead and won't die. BitcoinisdeadBitcoin ObituariesBitcoin only becomes stronger with time because of Lindy effect aka Lindy's Law. I do agree that there are too many people who use bitcoin as a scam tool, crypto as a scam tool overall. Hell people are making new tokens and developers of those end up stealing money from people by promising the worlds and then just leaving as soon as they make some money. This is why I honestly believe that the best thing to do right now would be making money in the sense that it would be profitable for a long time. Hence, we should be focusing on something much better, which is just realizing it's not going to be easy to live without scam in the fiat world neither. People get scammed in the fiat world every single day, so you should be aware of everything else as well. |
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I must admit that I like what Binance is doing. They are knocking on the doors of many countries in order for them to operate legally and within authorities' specific regulations. This is probably one of the secrets to the longevity of Binance at the top. Prior to them, there was Poloniex then Bittrex, and then the Korean, Chinese, and Japanese exchanges that also made it to the top. But Binance has remained at the top for some years now. Maybe it will be toppled soon but I just hope it is not the way FTX lost its ranking.
I think the idea of Binance being at the top is the reason why we trust it, not that Binance itself is not trustworthy, it is trustworthy for sure but it should be trustworthy for their security and history and their cold wallets and so forth which are real reasons why people would put their money in there with ease without worrying about any hacking, not because they are top ranked. So, anyone who puts their money in there because of the ranking do something wrong but also do the right thing as a result. It's like math exams, you do wrong calculation and then luckily end up on the right result, sometimes it happens so it's okay but it's better to know the real way. |
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Shit, and shit never ask again ~XD.
Do you think he know anything about "Crypto" at least? Let's be honest most of some non-user crypto who are suddenly created like 'NFTs" they just want money or do some contract with the creator/company of his NFTs.
He don't even know or have information at least about Crypto. I even avoided any Artist NFTs.
He only look like a kid but he is 20 yrs old now and with that age I think he already heard and knows something about crypto but it's also possible that he is only being hired as a promoter and people behind him only uses his fame to market the NFTs easily. It's true, so many people immediately jump in because of the earning potential but this ain't new. It's already happening before starting the pump of BT, ICOs and the meme coins but the latest of them all would be these NFT's. They think it's an easy money. It's true if you have a connection or you are a popular figure. If we are a fan then I think it's not wrong to support the product of our idols. If not then just ignore them. |
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I looked at Coingecko and then the NFT section and looked the NFT arts that have been made all throughout the NFT hype.
Surprisingly, there are still volume towards the most famous ones like the Bored Ape, Cryptopunks, Mutant Ape and also that Trump Digital Trading Card that launched a few weeks ago. They still have a 24 hr volume meaning there are still people who are buying and selling it.
Now what is the future of NFT. I believe that it will be the same as DeFi where most of the NFT's whether it's an art NFT or game NFT where those who really want to stay will stay even though the hype is over. Those projects who really want to evolve and develop something will continue to develop. The hype is over for NFT's, but there will still be NFT's around for a long time for both arts and games.
I wouldn't be surprised because I still see NFT projects until now even though they are lesser than last year. They aren't completely dead yet like the ICOs. Big NFTs are also backed by rich individuals so they will support these NFTs until the end. These NFTs are mainly the ones that celebrities get because their reselling value is high. I think NFTs have also upgraded and they now offer some perks to it's holders. This makes their game more exciting. If there are NFTs that will remain then I think that will be the NFTs which is related to metaverse. Metaverse is still new right? And it's said that it will be the future of technology so NFT's can also benefit with it. |
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You stated it well. One of the cons of this correction is the emergence of some scam coins. As we all know that the bear market period is a period of cleansing of the market whereby the projects that are scammy and doesn't have based will have to die off.
The cleansing has lasted for long and some few scam projects which didn't die off completely have been watered this correction and also project owners who have been working on projects may see this correction as the right period to join the market.
Well cleansing took this long because we have been in a big big bull market where some scam projects were at millions of dollars and they did increase like crazy, some of them weren't even "scam" but just a hype that they wanted to ride and make some money, like shiba and similar stuff that derived from doge. Just because Doge got some attention (that it shouldn't get) they created some similar meme projects and these were not scam, but they were made to make owners richer that's for sure. This is why I believe that we shouldn't really care about anything regarding this issue, we should be focusing on making a bit more money in the long run for sure with solid projects instead. I agree that it has been a while since the market has changed, and I think it's definitely going to be something that we should be careful about. It is not that much of a big deal now that we are on the bull run, and it has been looking good. But when the next bull run comes, I really hope that people would end up seeing something that is a lot better. This is basically what we need to be look out for, do not put your money into things that you wouldn't want them on bear market. I keep them at good things, and even if I ever invest into something that is shady looking, I end up holding it at max 1 week, there is really nothing that would be good at bear run that would be bad at bull run. |
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