Actually, I don't really like meme coins, but if I had to choose, it's Dogecoin. The reason is quite simple because it has been proven to last for 8 years since its initial release in 2013. Moreover, Dogecoin has full support from the founders of Tesla and Space X, so there is nothing to be afraid of. But if you often panic about bad things, you're not cut out to take the place.
That is exactly what I was thinking. I wouldn't buy dogecoin neither because I find it just amusement and not an investment asset at all. However, compared to all other memecoins and tokens we could consider Doge to be father of them all, wish it never existed but if I was pressured into buying one of them, doge would be the one. The main reason is the fact that it is the biggest one, there is really no other reason, plus it's nearly decentralized, sure the price is heavily centralized on Elon Musk, but the development part is quite decentralized and it is huge in both volume and marketcap compared to others. So it is logical answer even though I will never buy it. |
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when it comes to buying an asset we need to ask ourselves several questions, do we feel comfortable buying now? And if we buy now are we completely sure we can keep holding our coins in the case the price goes even lower?
If we can answer those two questions with a yes then we know we can buy now and not regret our purchase, but many people simply wait for too long before they buy and miss such good entry point, and then when the price goes back to those levels instead of felling lucky because of it and accumulate more bitcoin they panic and sell their coins.
I can, I know that I can buy now, well I can't really buy now because I do not have any money left, all of them are in bitcoin already, but if I had some more, I would put that into bitcoin as well. And I wouldn't regret this decision because even if it becomes 10k I would be able to hold it. What I know is that I would have spent that money on something else if I didn't buy bitcoins with it, not keep them and wait for it to drop, this is why I am totally fine with buying as soon as I get my hands on some money. That's a good thing, because it allows you to have a good investment that could 5x in a year or two, which bitcoin will probably do. |
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OP meant to say was day trading isn't profitable in the long run, you may be earning today with your day trading skills but once the cycle of market change then that's the time you will start to question your ability in day trading. That's why OP said that 99% of his trade aren't successful(getting profit). There are different types of trading strategy and you use the best strategy that would be able to give you more profit than your previous trading strategy.
But it is not exactly correct that day trading is not profitable. Just like you later in the post you said to use the best strategy and I think that is what is important to do. Look into the best strategy that you are consistently making profit then build upon it and continue taking your profit from the market. The market is always there and willing to give us profit if we do the normal thing but we are just humans , sometimes we fall but we need to rise always. The trick is to do whatever you are good at, because everyone else is a different type of person who approaches things differently. I knew a guy who was a Japanese teacher and had absolutely nothing to do with finance at all, he lived in Germany so he wasn't in Japan, and dealt with euros. Combining his Japanese hardwork with German discipline, dude turned a few hundred euro into over a million dollars by working hard to first study and learn and know everything he could find, and then be active and hardworking and NEVER going out of his system even when things didn't look good. Find your own method, do not try to copy others and you will get there too. |
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Rohit Sharma and Virat Kohli's contribution will never be forgotten by India Cricket. Even though Virat Kohli is in poor form now, he has a different character that the cricketing world has seen. His records are numerous. The number of his fans is not less. He has been repeatedly given the chance to be retained in the upcoming World Cup. But he has failed to bring back that form so far.
Kohli just need some rest to regain his form which he is not willing to take. There are many cases where players took break and came back strongly. Kohli is still young and has 4 to 5 years of cricket left. He should go back and play domestic cricket. Right now as Indian team have their schedule they need some good number of players which help them for back like we have in last series which they won against South Africa because this is surely one of the best part for them if they are able to go with all three formats because they can afford this and this could be positive change for players which are surely right now burning with this schedule and fail to regain their form like we have Virat Kohli. There is no doubt Virat Kohli is big player and having out of form for long time so here it's his right to have some long rest from game and join his team with fresh mind and positive change but greediness and poor management having no things like this, so now they are still worried about his form in T-20 World Cup which is surely vital if India wants to win this event. |
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I’ve been watching this GBTC and honestly the -35% discount is just too crazy to ignore. Basically it’s like buying at $13K or so. If Bitcoin dumps further it’ll be like buying Bitcoin at $10K pretty much.
Only issue? How long will you need to bag hold this before it actually meets par. I am guessing it’ll be years by the way SEC makes decisions.
That is something to take a risk on. I am not saying that it makes sense to buy at this cheap, because it doesn't guarantee you any profits at all, but at the end of the day if it makes you any profit in the end, then it was a good risk to take. Doesn't matter how long it takes, the only question that matters is, how much you could make from it, if you believe that you would make a great return from this then it makes sense to invest into it, if it doesn't make sense to make and you won't make a profit then it would be smarter to invest into something else. Time doesn't matter here, because time will matter in something else as well, it's mute point. |
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This topic is understandably a newbie’s favorite discussion. Newbies may find the identity of Satoshi Nakamoto intriguing and may even attempt to draw a pattern to speculate the identity or nationality of Satoshi. For those of us who have been here long enough, we have seen this being discussed repeatedly and I have come to the conclusion that this will be a discussion that will never cease as long as Bitcoin exists.
it's true that stories like this never end, but does anyone here have any idea what should be done if Satoshi's identity were to come to light? i want to know what everyone will do after that, maybe we can run to him and get his autograph as a souvenir? is this beneficial or profitable for us? he decided to remain anonymous he must have had a good reason so we should respect his decision. he left us a huge legacy of bitcoin, what we should do is grow it and stop digging into his identity or life My honest opinion is that if we knew who satoshi was then we would not be able to see bitcoin rising as much as it did. There are so many government problems that wherever he lived, he would be found guilty of "something", if they weren't guilty of anything, they would definitely frame them for something with fake proof in order to jail them. Because, this is something that drops the power of governments via economical freedom to people and they would want to say "look who created it, he is a monster!" and make sure that everyone saw it and then hope that bitcoins power would diminish and disappear at the light of satoshi being a bad person. |
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I'm not worried about Bitcoin. I'm worried about my financial situation and I'm kinda worried about the future of the Planet Earth.
Bitcoin Core still being a "beta software" isn't something we should worry about. I'm no expert in this field, but I think that open source codes would most likely remain "beta" forever, as there are constant updates and improvements.
The Satoshi quote about Bitcoin having large transaction volume or no volume after 20 years has been repeated many times in the forum.
We are heading towards 2029-2030 and Bitcoin is still strong. Maybe Satoshi was right about the first option and Bitcoin will have a large transaction volume. Nobody knows what will happen after 5-6 years. Technology is advancing really fast.
I feel like the high transaction volume was calculated by satoshi but maybe not this much. This is why we moved from the legacy, and now moved into other stuff. I mean lets all remember, our address' started with 1 back in the day, then started with 3, and now starts with b most of the time, why did that happen? Because the transaction volume increased, which made the transaction fee high, so we changed it into something that would benefit everyone and drop the transaction fee. This means we may end up seeing something different yet again, if there is another bull run, which I believe will, then we are going to have even bigger fee, and we will need to change it yet again. |
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Almost all exchanges manipulate trading and the volume but some exchanges have the pedigree of a more reliable volume of trade due to high daily number of users/visits, deposit and withdrawal. Trading order can also indicate how genuine trade is on the exchange, if most of order set at the present prices are filled immediately without bot. The size of order on the exchange correlates with volume. top exchanges like binance, kucoin, coinbase got such pedigree and is the reason almost all projects want to list there. If a project start producing low trade volume for so long, the exchanges delist them.
I would guess that you could see the volume while you are trading yourself as well. When you are trading if the price actually moves decently that means there are some traders, if it doesn't move, but there is volume, that means they are trading in between the lines. I have been part of an exchange back in the day working to make one of the tokens volume high, what we did was put orders on lower than the buyer, and one higher than the seller and trade with each other, we would remove it right afterwards so we wouldn't be able to trade with others and lose money neither. We would only lose the fee, and that was given back anyway so it wasn't a bad deal. |
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Number 1, definitely your mistake. You brought in some tokens from shills on YouTube which is a big no-no. Also, anything that is already exposed on social media means the chance you can buy it at a good price is out of the window.
Number 2, this one is tricky. Cause I know a lot of miners made mistakes like you. Despite ETH's PoS planning for this year being way more serious than the last time, some stubborn miners still don't want to believe it. A lot of disinformation, and hype around the cheap price to get PoW rigs even though ETH PoS is in its last breath. You should consider and mark it as an unfortunate event and move on. Maybe don't 100% trust in whatever that friend of yours advises from now on.
Number 3, well not your fault. Back when BTC @$60k, the hype around it was insane. Did you see how many BTC holders still keep on their BTC for the $100k rally and didn't sell their bags? Complete missed their chance to sell it once it was down to $40k then $30k. The Tech bubble got the same fate and many stock investors miss their chance too. You shouldn't dwell on this matter too much.
The good thing is, this was a good lesson that he learned and that way he won't do it again, well if he ever does it again then it’s all on him, but first mistake always happens. I made a bigger mistake, I have been in crypto for nearly 10 years and I do not own 1 bitcoin, I could have so many bitcoins right now if I knew. But that’s fine, I learned, and I am growing now, and I am going to be rich in the future. We all make mistakes and we all learn from them and the important part is to be better after the mistake. There is no scenario where people get into crypto and make no mistakes at all, you will make some, it’s better to at least learn something from them. |
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Day trading is a bit riaky i think but if you are going with the spot for this time that can be non risky but still you need to understand that for now market is like Confused 😕 so this is how market moves and for 1 day i am sure you are not able to make good profit except for good luck ahhh Future Trade is another thing but its Highly Non Recommend.
There are no proper words to describe this situation. If we do spot trading, it may be safe but also at risk of surviving long enough to withstand losses if the market does not improve. While futures trading is very promising but if you do not understand technical analysts it can be a boomerang that is detrimental to you. Leverage trading means you need to be good at that moment, not later on, not a week later, not a month later, you need to profit at that exact moment to make money. If it goes down even 1%, that means all of your money could be gone, but if it goes up 1%, then you will make a lot more than that, maybe double your investment. This is why it’s so important, and why it matters so much. I personally do not care about the situation at that moment, that’s why I stay away from it. Personally spot trading is a lot better, it’s a lot lower returns, and it’s a lot less risk. If I am wrong, I could DCA my way out of that investment most of the time, and that feeling of security is something I need. |
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In cryptcourrencies is difficult to guess, maybe now there are projects that we think are small but after a few years become big, this makes us have to always be realistic that anything can happen, if we focus on profit then choose coins that have great potential to skyrocket.
the thing that matters is the development shown by the project itself I guess since even popular coin could lose their standing if they didn't meet their promise, just like how luna failed in taking care of their ust that make them gets abandoned and with a series of foolish decision in trying making a recover for their platform instead it goes even lower. When you go low once, there is really no recovering from that after a while. I do not remember any coin that went more than 50% lower compared to everyone else (like when everyone goes 50%lower but this goes down 75% type of deal) and it would be definitely near impossible for it to recover its position. Definitely not something that has gone down more than 99.99% because that turned millions of dollars into pennies and there is no recovery from that ever again, it requires way too much money to be invested again in order to at least recover others money, and the ones who do end up selling and that requires even more buying, and there is not that level of buying for a project that already failed. |
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GM Crypto fam. I recently came across this story on Twitter and was curious to hear your thoughts.
Since the merge was successful, ETH has decreased by 17% while BTC has decreased by 2.3%. Even if this occurred during a bumpy bear market, the results still go against original expectations.
What do you think about this? Is the hype actually over, or is the bear market simply acting up?
That is the nature of hype, hype cannot be sustained for a long time and eventually it dies down, in order for the hype to continue then you need something to back it up, and after the merge the price of ethereum did absolutely nothing to justify that hype, so it is natural that investors observed this behavior and decided to move on and cut their losses as soon as they could, so I think it is safe to say that the hype for ethereum is over for the time being and those looking for a quick profit need to find another coin in which they can concentrate their efforts. It's a cycle that feeds each other. Hype of ETH post merge situation did not happen, it wasn't really something that people cared about, which means if there was no hype, there was no price increase, and if there was no price increase then there was no hype. It feeds off each other, and that means we are going to end up with something that would cause a lot of trouble in the long run. Doesn't mean that it will stay that way, eventually ETH price will go up too, but that won't be anytime soon neither, it is going to be something that will take a long time. I personally wish to see the current situation change, but I am willing to wait years for that to happen. |
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bots work according to the orders that make them while the market doesn't seem to be controlled by anyone, so bots will only work at certain times and we must be able to master it. Of course, we cannot depend entirely on bots, the best thing is to learn the manual even though it requires a long process until in the end we can trade at any time with our own strength. Moreover, many bot sales are actually misused using the pyramid system, and members of the bottom are the victims
No matter how a trader is good, there are times of losses, but if a trader learn how to strategize in a way the time of losses are just unrealized losses in a way the market would correct itself and they will make profit, a good result would be achieved. But what I noticed is that newbie traders only want to focus not on this, but on bots, signals and copy trading. That is why newbie traders keep on losing because they are mostly after looking for ways to gain and not how to mimize their loss. As for me, trading bots are not advisable. I trade manually and if I am exhausted, i will not trade. Trading bots take away that emotion, that's why they are considered "good". In reality any veteran and good trader would profit a lot more than a trading bot could, but for a newbie this is basically a method where they could leave their emotions out the door, give the bot a good trading strategy, and just let it work as long as it could. If the newbie is too bad, then they will end up stopping the bot too quickly and cause a lot of trouble, but at the same time this means that we shouldn't be focusing that much on the profit side of the bot, because it could have bad days, but on the long term prospect of it, that's a better approach to understanding them. |
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The experience only made you stronger but it doesn't mean you became a master of cryptocurrencies.
What if you are really a pro at it? I think its a waste of time to make a research again when what you can find is the same as what you have learned on the past and asking others a question is like fooling them and yourself but there are people who act like a pro when the truth is that they are still starting on cryptos. This rule mainly applies to them. Bad news can really affect the market and and sometimes it can create panic,
and panic will make us sell our assets at the wrong time,
better learn more about the crypto market and spend as much time as possible on it
News do have a certain effect on this market. If it's a positive news then the effect is also positive but negative news can also have a negative effect. Seeing your investment go down because of it, won't give you panic attacks if you are aware that cryptos can recover from a bad fall and negative news are not permanent but time will come that positive news can come which can aid the cryptos price. |
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How is it possible to calculate how many bitcoins a single person owns?
I think this isn't totally accurate. 90% is just too much and I don't think even the whales themselves can have so much bitcoin. There are still unmined btc left and also many people are hodling their btc tight. They won't let the whales get them no matter how hard they manipulate this market. Price discovery is impossible with the whales controlling 90% of all bitcoins minted. The original intent of bitcoin as a neutral asset disappeared long ago. Those at the top are trying to get more users in to keep it's price (and their investment) stabilized.
Bitcoin kind of reminds me of the push for solar energy to replace engines using fossil fuels. Big marketing push by those who benefit from it's adoption even though it doesn't have the value advertised.
Indeed. It's hard to predict the value of a coin when someone is manipulating it but like some users said on this thread, whales do have some contributions somehow. It's also possible to survive, I mean we can still be able to profit but only those who can panic are newbies that don't take time to do a research. There are environmentalist who are against btc saying it's not friendly to the environment so the use of renewable energy for btc is being pushed. This is a good thing actually. |
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Carry out your personal research or before investing or holding in the community will really help you in this bearish season, because many traders missed it some years ago that made them to learned their lesson never to follow other traders prediction than to use their own strategies. I think, those that will exercise patience with this current market situation will have something massive to achieve in the future, because the bearish season is coming to an end soon to allow the holders to smile again. I believe, many traders will get it right this time because they are fully ready to use their own analysis to get it right.
I think it requires a bit of expertise to do that but it is better to study and learn and be better compared to just not doing it at all or taking information from other people. I am not going to listen to what some influencer who got paid to promote a project says, but if I do not know how to pick a coin at the right time, it's still better not to trade at all and not make any profits at all, instead of checking what those people say. Study, there are a lot of resources available, and after you study and learn then you can start to trade and that way you would be making a good profit eventually all thanks to what you have achieved yourself. This is not a theoretical one but what I learned and practicing in my real life! |
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Trading volume is very important especially if you're a day trader. A high trading volume indicates that there are many traders that are buying and selling that particular crypto thus a lot of movements are happening around that market. Meanwhile, a low volume doesn't necessarily mean that it is not good to trade. You should also consider the market condition at that time because during bear market, even cryptocurrencies like BTC, ETH, or BNB have low volumes compared when it's bull cycle. People lose interest during those times because cryptos are dumping hard from their ATH.
It also allows you to back out a lot easier as well. Something that has low volume means with enough volume someone could destroy it anytime they want, but with something that is a lot lower that means we are not going to end up seeing something that would work out well for these people neither. I mean it's clear that we are going to have hard time with this situation because people who trade high volume stuff would not have the volatility to make a lot of profit neither. So, you have to consider what you are going to do, will you end up with something that is low volatility, or will you do low volume, which one looks like a better deal for you? |
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Indian cricketers are famous all over the world. All the players in group A and B outside the national team that have also the ability to defeat any strong team. The way India performed in the last match, they really played a commendable game for ODI cricket. Especially Shreyas Iyer who was unbeaten on 113 on the other hand Ishan Kishan missed the century by just 7 runs. Due to the performance of both of them, India easily won the match.
There is no doubt right now India is one of the richest country in cricket world, and they have enough resources for giving their best but still they need to have few things which can improve their quality like work on domestic setup and try to bring foreigner players for having spot in other events specially in ODI and three days events which will give them better experience and change of game because right now they are not good enough to have better results away from home with these guys. Too many quality batsmen are in line which is surely a positive development with this now they can think about many other options like if Virat Kohli unable to give his best now they have options which will give them positive results in ODI and specially in mega event like World Cup which is going to play in India in 2023. |
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Ideally there should not be any foreigners in a national team. If there are foreigners, then we can no longer call that team as "national". The ICC just want to show that more countries are playing cricket. They are just trying to fool others, as in 80% of the cases these new teams are comprised of players from India or Pakistan. The ICC claims to have 100 plus countries playing cricket. In reality, the number maybe less than three dozen. All the other teams are completely comprised of foreigners and can't be considered as "national" teams.
Realities are completely different from ICC claims because they are having no fairness and positive things in this sport which is surely going to be the worst thing which is happening around the world under ICC because I was reading on different sports and their rules which are applying mostly needs a player only can represent adopted country if he plays or stay for around 5 to 10 years or in few cases they have few soft stances but still these are not as we have in ICC. First this was controlled by Australia and England, so they were doing all things which were beneficial for them now it's all under control of Indian influence, so they are using this platform for their own benefit which is surely not favourable for cricket we need a powerful board where all have equal rights and can do positive things for the game. |
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When the economic recession starts everything comes to constrict. Because everything in the world is related to money. When you don't have money you won't be interested in buying anything even if you need it. Because the financial crisis will increase. At that time only basic human needs are given highest priority. Actually when you have enough money supply will you consider different investments. In that case, cryptocurrencies will be no different. There all kinds of investors big or small will convert or spend their money. As a result, the market condition will worsen. The market will move towards a long bearish.
Yes you are absolutely right. When I have money, I have a different kind of peace in my mind. When I don't have any money, I am very stressed. When I have money, I like to invest most of the time. And don't invest if you don't have money. But I think if you have money you can get everything. Money is something that was created out of thing air. Back in the day it was gold coins, so it had some worth, and afterwards it was paper but backed by gold, nowadays it's neither, so it’s free to print and has absolutely no worth other than what a nation says it would, or investors does. Which means we are stressing ourselves for something that doesn't even exist in any meaningful level. This is why I like bitcoin, it is backed by the same people who are supporting fiat, if we start to say bitcoin doesn't worth anything, we can do that for fiat too and nothing could stop us, no government neither, it has been done in Zimbabwe or Venezuela before, the whole world could decide a fiat is not worth anything anymore as much as they can say it for bitcoin. |
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