I think it's okay to trust people whom you already know the most like for example your close friends and family members because you already know their attitude and you won't approach them if you think they are hiding something. Topics about wallet and on how to secure it are seem sensitive but we need to learn especially if we are only a newbie.

I agree about the OP that security are going to boom soon here in cryptos because there are so many hacks and frauds that have happened lately but I am not sure about the bodyguards. I think this can make sense in the real world. We don't need a bodyguard when we are only at our home and doing our business online.

Not looking good to be fair. I assumed that it would have at least some resemblance of something good, because we have dropped so much from the FTX news and now that news cycle is over I assumed that it would probably be a lot different and a lot better but by the looks of it I am guessing that it's not anything like that.

I hope that it will recover before the year ends and we end up with like 20k price and start the new year like that, but the possibility of 15k is looking more likely than the possibility of 20k for the time being. Right after FTX deal, media published a fake Binance news, and they are doing awesome and yet they are being branded as a bad place right now.

Both yes and no from me too. I think whales do not have the money you guys think that they do, news do change it, so whales can actually change it but basically by saying stuff and there is a difference to it. Imagine a market where billions and billions of dollars exchange hands everyday, I mean look at the crypto market and trading volume, when you see that do you really think that anyone has enough money to change anything in there? I think there is obviously nobody on earth that can.

You can buy 5 billion dollars worth of bitcoin OTC and not even move it a dime, but if you SAY you will buy 5 billion worth of it, it will move like crazy.

That is basically what is going on with altcoins, are you not aware? There are a lot of people who were not part of the early part of bitcoin and try to join in on the newer altcoins in case they grow to be huge, like if something you got in when it was 10-20 million marketcap became 10 billion in marketcap, that is good enough forever for you, you will never need more money ever again. That is what people are banking on when they are investing into crappy shitcoins that come out everyday.

I personally feel like there is a good chance people will keep doing that, but forking bitcoin will not make the real one gone, it will just create another altcoin.

As someone who has been holding for many years, and keep buying more, I dislike this analogy. I mean what's the point of calling our crypto friends chicken, what could we gain from it? I understand there is this underlying "be a lion" type of hype making involved, you want them to be hyped enough to want to be a lion and all that, but you just called their current state a chicken.

As long as you buy and sell, as long as you are involved, as long as you are interested, I feel like every person is a lion. The fact that they are not in fiat and they are interested in crypto is all the thing I need to call them a lion and support all of them the same.

The unexpected stuff is the hardest part of it all. I mean it's clear that we are not going to end up expected a long term thing, it's not going to be just straight sailing, there will always be unexpected stuff and that's the part about it.

If there was no bad or good news then we would end up with something that will be profitable in the long run, because it will always go up, but because there are some news that changes constantly, that means we do end up with some troubles in the long run and keep the price low. That's an issue for sure, but we can't really end up with no news and that is something unavoidable for the time being and we have to learn to live with it.

Not that I support it, or find it actually worth a lot. But, the idea is not that is is a good image, or a masterpiece, or even art but more about the fact that it is unique and rare. I know that it makes no sense to many people, it makes no sense to me neither but at least we should know why some people value it so high before we could be shocked by it as well.

The point of this image is not the fact that it is looking good, it is the fact that even if you use it, you are not the owner and NFT makes sure there is a real owner, and that means its very very unique, and even though I think it doesn't worth $11, I find it quite understandable if they really truly believe it.

There are a lot of people who are making a new token and they are ending up with a big loss because they have no idea. I have to also say that there is a good amount of people who are not devs, not designers, not marketers, they are nobodies with some money they found somewhere, even taking a loan, and they do a project.

I have met with a few of them, they have ended up with meeting people who knew nothing about it and took a 3-4 thousand dollars loan and they ended up with something that meant nothing and horrible and that caused them to eventually not even finish the project because that money wasn't enough for anything and that's the problem.

That is a troll, do not really care about it. Think about the potential and the technical possibility and respond accordingly if you want, or just say straight out no like me because he will keep on starting topics like this. Of course it is not possible, yeah if we are talking about technical part of it then it could be 10 cents as well, is that technically possible then it is but if we are talking about likely situation then we are talking about something impossible.

Bitcoin will not be even 1000 dollars anymore, I highly doubt we would even see anything under 10k anymore, from here on out we have seen the bottom and rest is just going up from here.

Resistance is still there and the market is not acting the way it should towards how we are right now. Let me put it this way, as soon as we start to do some good, there are some news that will put some doubt in peoples minds and the price goes down. What does this tell us?

There are some high upper people that has a lot of money, but not as much as us, so they are using us to make the price go down, if they wanted to drop it themselves financially, it wouldn't be possible because their money is not enough, but pay a few million to bribe some people and buy some media and you can in still doubt in peoples minds and they will start selling for you, in tune of billions.

By considering the volume of every exchange, we may assume that bitcoin market is stronger but in my opinion it is still vulnerable for whales' manipulation. Because, due to its decentralized nature, I believe traders do get panic out of any FUD quicker than other market traders. This works in favour of whales to manipulate the direction of market on their own benefits.

Honestly it would be highly possible to make the whales powerless by wide adaption. It has been long discussed fact that whales will lose control over the time when more small individuals take part in bitcoin market. It is a matter of time and in my opinion, mid to small whales are not in controlling action any more.

I never encourage derivative markets due to its high risk factors. Imagine what is you would have been buying when bitcoin was trading around $30k and then $20k and finally around $16k levels. Yeah, you can simply keep holding and I am sure you will get at least 2x profits before end of 2024. If your point is immediate or monthly profits, I have answer for that as well.

If you focus on instant profits then you you should not have opened this topic because you must have plans before shorting bitcoins for the situations like market goes against you. When you do not have concrete plans for what to do when market moves as per your expectation and against your expectation, there are 90% of chances to lose your capital. I am sorry for saying that but fact is open. Switch to long term holding and enjoy massive profits over the time.

It is definitely something that every casino will be hit with, how they respond is the important part. I mean if they respond with proof that there was something wrong for sure, or they respond with fixing, then that is a good casino and there is no problem with that.

However, if they respond with something terrible like not caring about what they are doing, that would be a bad deal and I doubt that it would be solved anytime soon, they will be known as a bad casino, or a scammer. This is why what happens is not the issue, how they respond to it is the clear indicator of a casino being good or not and that matters a lot more than people think.

I feel like it is used mainly in crypto and that is a good enough reason. I am not saying that it is the only way to make money or anything, but blockchain is not really widely used in all other places, it is mainly used in these places and that's normal.

I feel like the best thing to do right now is to invest into things that have either good blockchain used by millions just like bitcoin, or if you want to invest into something new, then make sure that they have some improvement and something better with their blockchain, something that has the same as everyone else, literally copycat, doesn't mean it will be good, nothing like that could ever be good in the long run.

All of those are stuff that would make it a good one but doesn't need in the end. I mean I agree that it would be good to have, there is no denying there, I could name 10 more stuff that would be great, those are not wrong and I definitely agree with all of them. However, they are not needed to be able to do anything, they are just good to have things and nothing more.

I know that it's not going to be easy to accept this, but bitcoin is good all on its own without needing any help at all and that is why I am pretty sure that it's not going to be a big deal at all. I think the best thing to do right now is just to focus on what we have, instead of dreaming what we could have to be better.

Yeah, after the massive dump, we may get into sideways movement before having recovery phase. But, this sideways will definitely will have recovery also but only in split times. So, simply we can say 2023 may seem like a pleasant year compared to hard bearish trend of 2022. There cannot be any accurate prediction about what kind of bullish market we are going to have in 2023 hence we cannot say about the peak price of 2023 now itself.

In my opinion, for a deflated asset, world economy might be a less than 40% influencing factor. Bitcoin got its own community and economy hence regardless of how world would perform, we can expect bitcoin to be getting into a new ATH in 2025 which means 2023 will be the stepping stone toward that.

If you hold for more years then you will see all your bitcoin in multi-fold profits which means you never need to worry about your initial capital as some 10% of your total bitcoins are enough to cover the capital amount and then you can leave off your investments to keep growing. This is how true bitcoin adaptors do. This must be the simple trick to enjoy the maximum benefits out of bitcoin investments.

Before 2024, you may not see any big rallies but if you remain patience until end of 2025 then you can see at least 10x appreciation from the current prices as bitcoin is speculated to test $1 million by end of 2025 (~20x from current ATH).

Believe or not; as per usual cycle of bitcoin market, the bearish trend is about to end and we are going to enter a new year which is highly expected to be a 'different' year than what we had in last 12 months, more positive news from everywhere will arrive and drive bitcoin market bullish. This had happened in the past for no reasons. I mean for example, even if a big exchange gets a hack, that would not impact bitcoin prices deeply (same may affect bitcoin prices heavily in bearish trend).

In the first quarter of 2019, after the big bearish year of 2018, bitcoin recovered from ~$4k to ~$15k levels in less than 3 to 4 months of time. I am expecting similar rapid recovery in next 3 months which might be up to 80% of current ATH. Yeah, history repeats itself.

Even in real account, if you simply move on, you will never get chances to learn anything. Most traders accept both loss and mistake to move on which means they may commit same mistake again but as per risk management we need to accept losses at stop-loss level (not everywhere or before stop-loss) and need need to go back-tracking to analyse on what went wrong to make that trade a losing one.

In my experience, such kind of back-tracking is possible even with demo account. If you take time to go through on your own performance then you can learn and become a pro trader and if you ignore then you cannot achieve anything in trading. Demo accounts are recommended to learn because it got no risk but its effectiveness is purely subjective of how serious you treat it.

Yeah, risks are inevitable but let's admit it that it's better to use different strategies in trading than only sticking into one. This allows us to stay consistent when trading no matter what the conditions on the market are. Experienced traders are more knowledgeable but this can make their ego go higher. They may also use larger amounts of money within their trades so I won't say that their risk are only small.

Even we all have those positive traits you mentioned above, I think we can't erase the fact that we are still gamblers because the market can still move on their own most of the times. There is no way to predict them accurately.