A few days ago the price of Bitcoin rose to a little over $20,000 to $25000 but it did not sustain and from there the market reduce again. So there is no opportunity to call the market bullish. The future of cryptocurrency is good but the market needs a long time to recover from this situation. Nothing can predict except long term thought.
I would guess that these type of drops and recoveries will happen for a little while longer. Before every bull the market tests how hard it would be to go over that first bump, because that is the hardest part of it. We have been here for a very long time, which means that going from 20k to 30k is much much harder than going from 30k to 40k because there wouldn't be any big moving walls there, not as big as the current ones at least. This is why I imagine that we keep testing it to see the power of it, the standing walls are known already but it moves and gets added and so forth and we see that with these tests and calculate. When the time comes, we will break over it easily because we will know how to. |
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litecoin price does not increase much in short time but it never moves from its top position its market cap is always very high so I don't think anyone should worry about litecoin. Litecoin can be a safe investment even though it may not be able to give much profit in short period of time but it will not expose anyone to excessive losses in short period of time like other coins.
That type of understanding the crypto world and litecoins value in it is the reason why some people earn money maybe a little less at times but keep on earning whereas others may end up earning more for a short period of time but end up losing it. Like for example let's compare SOL vs LTC, it is true that SOL has done a lot better for the early investors, if you take it from early days of SOL and compare them then it made people a lot more profit, but I bet that in 10 years we won't even remember SOL let alone being in the top 20, whereas I believe that Litecoin would still be around by then. This is why I invested into tested and known veteran projects over newer ones. |
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In fact, if we buy land and build our own house, without using their system, the money we need is about $16,781.90 How do you plan to build a house? On your own or hiring other people to help you? A part of the price difference between 37K USD and 16K USD is the price of the labor, which has to be used for building a house. When you build your house on your own you don't include the value of your labor in the final cost. Many people simply don't have the skills and time to build their own houses. Working 8 hours a day and working on building your house after getting back from work seems like hell. It's easier to get a mortgage and pay monthly installments, while living in that house and working in your regular nine-to-five job. Most people would prefer the easier but more expensive solution. House is just one example but in that case, you could literally build an entire house all by yourself if you have the money for it. Think about how much you would save from paying others, and think about how much you would lose from working yourself for someone else and then compare the two, if hiring others is cheaper than you do that. The idea is that if we all built our own houses then it would be cheaper, if we all worked together to build houses for each other than it would be cheaper, but when banks start buying the houses all around you then your house worths a lot but then all their houses worth a lot, so they are turning shelter into something people can't afford, and that is not acceptable and needs government intervention. |
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It is sad that so many people around the world, especially ones in poor countries will never be able to buy 1 Bitcoin in their whole life. Its still expensive for at least half of the world. My personal focus is to get as much as Bitcoin I can. Cause I am sure Bitcoin will hit 100k dollars for once. At that point if I could get 2 Bitcoins it will change my whole life. Our country is rather poor country so Bitcoin saves my life.
That includes me, and the sadder thing is that I had over one bitcoin in my wallet back in the day when bitcoin didn't worth this much but at the same time we are talking about money that I would never have, if I had some bitcoins right now that would have been bringing me returns as high as my entire salary and yet I didn't hold it which is why it is not a good situation to be in. By the end of the year, I am hoping to have 0.1 again, been grinding and working for years to get there, and that is just 10% of 1 bitcoin. It's fine though, because richer people could end up working to get as many as people, but then we could end up with a good return on my smaller bitcoin amount too. |
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According to the predictions, the CPI is likely to decrease from last month and if so then we won't have to worry about this drop but we still have 2 big obstacles ahead. That's Mt.Gox's bitcoin release on the 16th and the Fed's rate hike later this September, hope that CPI falls and so the Fed will not have to continue raising rates aggressively but instead expect rates to fall.
It is possible that bitcoin will not be able to hit the low this month but from here to the end of the year it is difficult to say. The world situation is still very unstable, the risk of recession in December when Europe officially bans the import of Russian oil, will make the supply continue to be scarce, most likely leading to another round of chaos for the world.
It is clear that whenever we drop, we find a way to recover and that would be pretty similar if we have any other drops in the future. Because, we do not want to see bitcoin low and whenever it drops people see that as an opportunity and they buy more which makes it go back up. Look at how quickly we recovered, just a few days at under 20k and then we are above it again. I am guessing eventually people will be tired of selling and when those sellers are tired we are going to take over and we are going to end up with a recovery for sure. It is not going to be easy, but it could be done and we are going to end up with a good return when that happens, we just need to wait out the sellers. |
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interesting topic,, in 2021 bitcoin experienced a very high price, and now the price has gone down. and that in my opinion is the impact of the sluggish world economy that makes people finally sell their bitcoins, or it can be called, many people take advantage of their investments because the market is bull. and finally the price of bitcoin fell because many were selling. and finally there is a bear market. now the existence of a bear market means opening up good opportunities for those of us who are interested in investing in bitcoin. and will hold it until one day there is a maximum profit.
World economy is tied to bitcoin because both of them are tied to us. If the price of bitcoin goes up then that means we have money to buy it, if the price doesn't go up then it means we are selling since our money situation is bad. This also goes well with stocks or gold or oil or whatever as well. When we have no money to buy something and we need to cash something out, then we do it and the price goes down and same would apply to all markets. This is why I believe that crypto is not so different from other markets. What its different for that it is decentralized, can't be regulated in a way to change the blockchain codes, and it is in a way free to roam however you want with your investments without SEC worrying you. |
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I know that some economists who have studied disasters may not be just flooding, but other earthly effects that destroy parts of the planet have an impact on the economy that you might not have thought about.
If you think about it, governments always have emergency funds whenever that occurs, so when that time comes, they probably overestimate the losses. The difference between the actual would probably go to their pockets. This is for the corrupted government, so that would depend on where you are, but I think that's one way that you could say that it affects the economy since we are talking about lots of money when the nation is involved.
I think floods are less expensive than other natural disasters like hurricanes or earthquakes. Depends on intensity as well, probably.
The basic idea is that you would have to end up with a situation where you are spending money on something you did not calculated into your finances. Nations and governments have their own finances and that means we are going to end up with a bit of a trouble if we don't have the money for it. Floods or earthquakes or most other things are hard to calculate, usually can't be calculated so they come out of nowhere and even if there is a fund left for emergencies, you do not know how much it will cost, not the life cost calculated as well because people die on these stuff as well. Hence, it is really impacting the economy a lot worse than people expect, because it is such an unexpected thing. |
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There's no doubt that the bear market is not harmful for bitcoin or the whole crypto industry, in fact it makes cryptocurrencies stronger in the long run. This has been proven, when the bear market comes, weak projects will be eliminated, only projects that really create real value can survive, helping the market become cleaner. The bear market is also a place to help purge weak investors from the market, who just want to get rich quickly and then disappear. They need to know that cryptocurrency is like all other markets, in order to make money, to be successful, they also need to put in their time and give their best to get the rewards. There is no such thing as a free lunch here.
That is right, it gets rid of the people who do not know how the system works and they end up with losing their coins which will in return end up with a bit of a problem for them but something better for us. Think about it this way, if people who would sell from the first bad news ended up leaving, then who would be left to sell when we are going even stronger? I bet that the price of bitcoin will go towards 60k+ levels again and break ATH price and keep going, to somewhere beyond 100k. If I believe that, then isn't it better to get rid of people who would sell when we reach those prices? Of course it is better because it makes going higher easier without them. This is why these bear markets are great times to accumulate more bitcoin. |
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looks like most of the people in this thread don't really understand what you mean (myself included), maybe you can explain in more detail. if you buy bitcoins you can sell them at any time because you have full rights to the bitcoins you buy and no one else can prevent you from selling, unless you lose access to the wallet. Is this what you mean by worthless investment?  No, what he means is that sometimes you invest at pre-sale or early days of a project and then in return you are given an NFT or a token and you buy a certain sum of those. It could turn out to be a rug pull or a scam as we call it, and they would leave the project after selling you the tokens and then the price of the thing you bought could drop even harder. That is what they are trying to prevent, if they could prevent it then they could end up with a good return, and how could we prevent these rug pulls? That's the question. I consciously prevent myself from losing money on these scams by investing into already established great projects like ethereum, can't be rug pulled if there is no rug to pull. |
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Recently in LUNA coin some blue whale buy big amount by which it is pumping massively. In the last 30 days luna increased 321% percent and 7 days graphs have been seen about 57%, but still it is about approximately 100% percent less than the maximum price. But I think that if the whales increase the sales pressure, it will be forced to go to the previous position again.
That whale could take it to x10 higher and I would still not trust it at all. That's not even Luna classic, that is luna and whale ended up doing something wrong for themselves since it means they have a lot of Luna and if they tried to sell it then they would probably make a loss considering how much they would drop the price. There needs to be some trust in the market that the project will recover and if the price is not showing that then it is not going to recover. Focus on other things, why are there so many people who are still reconsidering to invest into Luna or Luna Classic? When we have thousands of options, even like a dozen good ones, why would you feel like you are stuck and could only invest into this? Forget about it and move onto other coins already. |
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I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
This type of question doesn't make any sense to me. At least, logically it doesn't. Just $5k drop from your purchased price and you're already panicking? Come on, you aren't a baby, are you? There's a reason for that investment caveat – Don't invest cash you can't afford to lose or be willing to let go of. On a side note, you should think of those who bought at peak and console yourself with that. At least, I ain't aware that any of them has committed suicide yet now that price isn't great. BTW, if this would be any consolation for you, Bitcoin is heading back to $23k. Current price is $22,333.51 as I type this. I can't really stress how important this is, it is going to be quite a big deal when you consider crypto is not as easy as you imagine it is for some people and how scared they could become. I know it is normal for us but they are not that normal and that is the problem. I believe that we should give them some slack and teach them how to be a bit more relaxed when it comes to this. Obviously it is not going to be a simple thing but it is not going to be impossible for them to learn neither, so if they are doing a mistake by not understanding 5k drop is not a big drop, then the smarter decision would be just focusing on how to make them better, not to give up on them. |
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Oil is going to go down, it's time for green energy niw
Indeed! We still need oil but we should make sure we don’t waste a lot, for example cruise ships use good oil while near land and on the ocean they use dirty oil to save money. Things like that should be banned in my opinion. That is the thing I do not understand about regular people who are against renewable energy, for the time being nothing will change in your life, in fact you will have absolutely nothing changing in your life at all. In fact, it is such a great thing that you could spend a bit of your money to put solar panels on your roof and NEVER have to worry about energy prices again, you will be using your own energy. But for some reason, people defend the oil giants who ruin the earth by spilling oil into oceans and they call the climate change people crazy, all because political agenda suits them that way, and to demonize the other side, and in return destroy the world for absolutely no reason other than the guy who you do not vote for supports it. |
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I guess the answer to this question is different and depends on where people live, for some people they prefer to hold some cash in the case of emergency and they usually hold their local fiat cash for example if I live in Japan I'll hold some Yen and the same for other countries, but in the other hand if you look in the other side of the story, holding USD or Euro can be more reasonable and that's what I do because even if I have to take a trip to another country I can spend money since most of the countries accept these two fiat currencies.
I would guess that the best thing to do right now would be holding fiat for spending, not for emergency and those are different things. If you live in Japan and have Yen that you need to spend everyday, that is your spending and that is not an emergency fund, it would be considered the same thing. However, if you have Yen in the bank account and put it on savings etc etc for a "rainy day" then it would be different story because you still have Yen in that situation but you are not planning on spending that unless something bad happened. Which is why I highly suggest that you should have pure crypto for all your investments and emergency, but your spending could be whatever fiat you want. |
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All my years on crypto i have come to realize that all it takes to succeed is patience. Like the popular sayings that says " Patience is a Virtue" indeed it takes patience to succeed. Being patient tells who you are and your approach to business. Not everyone can be that patient enough to hold for a very long time irrespective of the up and down in the system. Taking risk is another thing to note. When you have the confidence and trust in someone or something to deliver you don't mind taking the risk as you've done, not everyone would dear take such step when they've have not seen any result yet. You trusted your childhood friend to deliver and it paid at the end. This builds trust amongst peers. This story is worth sharing to encourage more people out there to giving it a try.
That is a very important thing to learn, it allows you to make money without worrying about what is going to happen and that means we are going to end up with a good amount of profit by just having the patience to do it. I am not saying that we shouldn't worry about the situation because in the end it is of course bad to see bitcoin price going down, but anyone who sold recently just because it dropped to under 19k prices saw that it was a small detail and we are back on over 22k thanks to that. Some of those people will not sell again if it drops, in fact some may even end up buying and that way we are going to end up with a good result for sure. Have patience, and make more money, that is how crypto works. |
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Pakistan's team has only one weakness. They depend on certain players. Especially if Babar Azam, Fakhar Zaman, and Rizwan are not able to bat well then it will be very difficult for the Pakistan team to win the match.
Rizwan played well in today's match but Babar Azam scored only 5 runs and Fakhar Zaman returned to the dressing room without scoring any runs. If Fakhar and Babar batted well, Pakistan could have won easily even after batting at a target of 170 runs. Pakistan needs to reduce its dependence on these three players. Otherwise, they will not be able to perform well in the next World Cup.
After watching this final match if someone still insisting Pakistan is quality team then surely I have feeling he needs to be rethought about this because they have never been quality team they never play with planning or better strategy mostly they have just few tasks after achieving them they are benched of crap players which are not able to give their best in big matches today their fields were completely crap and bowling were also out of order with Babar Azam's few decisions I was feeling they are playing to give this trophy to Sri Lanka as they were not in game for win. They dropped many good players at home just for few players those were in with their personal links not with their ability of game which is surely talk able but no one want to talk about this because there is no merit all things are working on relationship or personal likes and dislikes which is the biggest issue in this board many were feeling with the arrival of Ramiz Raja things could be changed but nothing positive happening all in dark age. |
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I have a question! I am looking for an active messenger or telegram group (other platforms..) of crypto day traders to share information, signals, news... Do you guys have any suggestions?  This is a question that is asked frequently in this forum and if you have taken the time to read the responses to those questions you will see that the majority of the members of the forum are not really very enthusiastic about those groups, and it is very easy to see why that is the case, most of those groups do not really proportionate to you any kind of useful information about learning how to trade and instead they give signals, signals that are not really that good either so if I were you I will stay away from those groups so you don't waste your time. I understand the keen interest towards these because I have been part of a few as well and found out it was bad and left myself but the best educator is actually doing something and realizing why it is bad rather than just hearing about why it is bad from other people. We can talk about how that is bad as long as we want and in the end we are going to end up with a big loss no matter what, hence it is not going to be acceptable for OP or anyone who wants to try it out to just hear it from us. Just go join one, and see why we disliked it, but at the very least make sure that you do not spend all of your money on what you hear there so you won't have to start from scratch. |
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Afghanistan players were raised and trained in Pakistan and PCB is not a big board like big 3. Why BCCI is not helping Nepal so that level of cricket there is raised and they start playing international cricket. Nepal is very much dependent on India. Anyways dont expect anything good from ICC for associate countries.
I am not agreed with you about this as Afghan players are trained and raised in Pakistan if you have any link then please send me because mostly they play in Sharjah UAE or India where they have a ground for playing test matches as home ground, and they were mostly stayed in these two countries before Taliban era in Afghanistan like the UAE and India just because of this please not spread fake news without any proof. They play their first test match against India as well, and they have good base in India instead of Pakistan which is well known by all cricketing community I agree about these associates never expect any positive thing from ICC as they are benched of crap peoples which are not interested in development of this game like we have FIFA and few other games which are spreading drastically around the world with strong system and better ideas. |
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psychology occupies the largest percentage in determining trading success and the second determinant is financial management, this also has a big role in maintaining asset stability, thus keeping psychology calm. while TA is the third determinant, although trading techniques can be learned in a short time, but it will not necessarily guarantee our trading success without financial management and psychological management. so that all three can influence each other
Influence of psychology part is not that easy, not many people could control their own mental state and that results with them usually losing money. I believe that the best way to make money is to find a good working strategy and then keep doing that without any mistake. Simplest one I know is buying and holding, you may think it is simple but there are so many people who gets scared and sell when they wanted to hold and they lose money, whereas I get to keep it long term and always end up in profit, no matter what happens. Find the right strategy for you and keep doing that, eventually you are going to end up profiting a good amount without a worry, just do not stray away from it. |
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Apart from holding bitcoin there are also people who are trading in other cryptocurrencies. Day traders are doing their trading on a daily basis and profiting from the market fluctuations that are going on at the moment. Some People are also investing in gold business after holding Bitcoin. A lot of people are also trending towards real estate where there are always chances to earn good profits. Since the market has been going down for a long time and There is quite a bit of ups and downs in the space, which is why people who have held bitcoins are now switching to other different businesses. Because there are many profitable businesses outside of the crypto industry.However, even within the crypto industry there are good, quality, solid projects where the investment can earn more returns than Bitcoin, and people are investing there too.
I would guess that staking and even gambling would be addition to this right? I mean crypto is not just there to hold and do nothing, if we are talking about bitcoin then we could invest that bitcoin into something else and earn bitcoin returns just like how you would with bitcoin savings account. Like for example freebitco.in has 4%+ interest rate, which means that if you invest 100k worth of bitcoin then you will earn 4k+ money from it by the end of the year. That's the important aspect of the situation and I agree that it is going to be quite difficult and tough to overlook such income if you are planning on holding bitcoin for the long term. |
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in dealing with high volatility, altcoins are indeed more volatile than bitcoin, but in anticipation of a bearish season, I think investing in bitcoin or altcoins at the top will be better, given the high level of investor confidence and high market volume, in that case it seems not easy to be played by a few people, and later when the bull market comes it will be able to enliven the cryptocurrency market
That's mainly because of low volume, low liquidity and also low marketcap as well. Bitcoin has higher in all these categories than all altcoins, most of them combined even. This means that it would be very hard to make it go up all by yourself, but there are coins where you can literally buy 51% of the coin with just a few million dollars or less, entire out of top 1000 section is like that. This is why when you are investing into small altcoins you should be trusting that everything will be alright and hope that it will get higher, if someone attacks it and buys it all, or even worse sells a bunch of it, then one person could ruin it for most altcoins. |
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