~snip~
Now, what would happen if you failed to apply it correctly? the answer would be, it is either you quit and just wasted your time studying trading or continue and finish what you've started.
If they always learned I think failure will be minimized. Although it failed/mistakenly it could come at any time. If they decide to quit, it seems like a wrong decision. Everyone can because of learning, I firmly believe trading is something that can be learned. So in the end it's just the will that works. If you try once and lose it is natural. If they move has failed then I think their perception is wrong. Beginner traders must be resilient please try without giving up by sticking to the risk management you have learned. I'm sure if you keep trying, it will work. The article posted by the OP has a lot of info to digest with. But if you are starting in trading, just use small amount of funds that you can afford to lose. All of us here start from scratch. We don't know crypto when we entered here. So yeah, it is a matter of time before we learn things here. And still, everyday is a learning day for us as we embark different scenarios here. There's no defined formula in crypto trading. So the more experience you have, the better insights you get. And that will help you in your trading journey, that is, if you don't quit. Well, no one succeed if you are thinking about quitting. So just keep on trading while learning more in trading. And expect that losses more often comes particularly if you are still a beginner, but as soon as you get to understand the market more, you will also minimize your losses and start to maximize making profits. Trading is really hard if you are not prepared for it, but if you see yourself more prepared and is willing to take and manage the risk, i think there will be high chances that you will succeed and become more profitable in the long run. |
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Usually bad trends like this can happen for a long time, I have known cryptocurrencies since 2011 and at that time the market skyrocketed and then dropped again and rose in 2013, then dropped again and skyrocketed in 2017 then dropped again and in 2021 skyrocketed again, from several the trend looks pretty much the same but I hope it doesn't happen again in 2022.
It seems that for 2022, the trend will be slightly different from the trend that previously died, because in the past there were not many adoptions that could be used by companies and also not much was known by those who were already rich outside of cryptocurrencies. History may always leave an impact but what had happened in the previous years will be totally different from this present year. Bitcoin has been backed already with different big institutions and so its massive adoption has been starting to take place already. And once bitcoin will be in a very good position, it will also create a very positive impact on the part of the altcoins. For now, coins have been declining due to the expected bearish season but i think once this will be over, bitcoin and altcoins will start to surge and skyrocket again for their new ATH this year. So keep the faith and don't panic. |
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Recently, Uruguay’s first crypto ATM was installed in the city of Punta del Este, a major tourist city in Uruguay, and become the 11th South American country to publicly promote crypto adoption.
Two local cryptocurrency corporations are developed and installed the first crypto ATM in the country. (URUBit and inBierto). The ATM mainly supports deposits and withdrawal of BTC, BNB BUSD, FRT, URUB. URUB and FRT are managed and developed by URUBit and inBierto. The two companies are controlled and funded by the government of Uruguay.
The numbers are adoption increasing rapidly .I think they are very smart and try to adapt with the next digital world .Btc is really a great asset for us and the world are are turning into it .I think Uruguay's govt has made the right decision on early times .They are definitely ahead on the upcoming days and technology .I am really upset about Asian countries ,Why they are still ignoring it .I don't have any idea but i am really expecting to get few positive news on upcoming days .However really i am feeling happy to get a good news once again hope we will get more news on upcoming days . Well, we won't be surprise if one of these days the Asian countries have already installed their bitcoin atm machines too because whether we like it or not, the world is becoming more digital so we should also learn to cope with it. And having Uruguay their first bitcoin atm machine, this will be another achievement for bitcoin since its one way of creating more possibilities for massive adoption in the future. People will surely be interested on it and will find more ways on how to learn bitcoin. |
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Every time a champion fight there's always pressure, but knowing Casimero, he is very confident and he will surely beat his challenger. As a fan, we love to see a good fight but I think the quality of his opponent cannot outclass him as a fighter, so it will be Casimero that who will win.
A good fight that we always wanted, unlike his last one, which is more on defense and we don't see any action at all. Not sure if Butler has that mentality to go blow by blow, it's his opportunity to showcase his talent and skills against the reining champ. If he wanted to make a big noise for his name, better to give all his best during this fight and make a good clash, win or lose, he will earn respect from all the viewers that will watch and bet on this fight. We as fans do only want to have a good action-packed kind of fight on which this doesn't involved too much of running,clinching and defensive kind of stance most of the time.Of course these things is very crucial as a boxer but we do really love to see on a fight which is really having that belt to belt kind of clashes on which the last one who would stand wins. I don't know on whats the style of Butler but hopefully this one isn't similar to Rigo. You can watch some of his fight highlights in youtube and you will see that he is not like Rigo who loves to run. He is an aggressive boxer, so he really fits on the style of Casimero since the champion is a good counter puncher and would love to give anyone a toe to toe fight. |
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I would say this is the case every single year, last week of the year and beginning of the year has always been bearish but I don't think we need to worry much because bitcoin has found stability around $40k and we have to worry only if bitcoin drop further and unable to touch $40k mark for over a week. We may or may not experience bull run like last time but definitely we will see gradual improvement if bitcoin manages to stay above $40k for a while.
Looking at the positive side, the market has always been bearish at the start of the year so we can also grab the chance of accumulating more potential coins in preparation throughout the year. So its even a good opportunity i think that we will be more profitable once the bullish season starts to appear at the last quarter of the year. Even if bitcoin drops below $40k this time, i think we need not to panic and develop fears because we know the fact that it will always recover every time it dumps. So just be patient for now. |
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When it comes to predictions about cryptocurrencies from JPMorgan, Goldman Sachs or any other bank, I don't believe a word of them. For a very simple reason, because cryptocurrencies are their enemy.
However, in the case of Bitcoin reaching the price of $100k or much higher in 2022, I fully agree. It seems to me that someone from Goldman made a mistake and told the truth for the first time.
Well, when it comes to bitcoin's higher value predictions, that will be most likely to be possible since bitcoin is always bound to reach new heights. And Goldman's prediction for $100k will always be possible for this year as long as this bear market won't certainly lasts for long. But i have my high hopes that maybe by the last quarter of this year, the market will eventually recover as most of the time bullish season will appear at the last quarter until the year end. |
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Some people usually like to hop on shitcoins and meme coins because they feel that these coins are likely to have up to a thousand percent return on their investment.
But, that’s not usually the case, because it is almost impossible for you to find a coin that is going to see such increase or even be successful at all. And most people who invest in shitcoins hardly gain anything from the investment.
Yeah, I have tried it in the past, when I felt that it was a way to go, because a lot of people kept saying that shitcoins has chances of increasing in value so I tried my luck, and despite I was very selective with the coins I selected, it still didn’t really workout. I had to even sell some of them at loss, until now they have not even increased at all. So, sometimes it’s best to leave all these shitcoins and focus on the good ones that are top of the list. Exactly. Shitcoins should never be given given high priority since they don't have much demand already that can grow their value so most likely, they stay valueless or they eventually become those trash coins. And its a good way that we should focus more on good and established coins since there are high chances that they will grow even more because of unending support from its community. Although they are also affected with the current price decline, but we know for sure that they will always recover from having their prices dumped. |
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You don’t just wake up and tell everyone to believe something just because you had the feeling that it is going to happen. Sorry that’s not how things works, rather you have to do your own analysis and give the reasons that’s good enough to prove that what you have said is accurate. This is not all about feelings, you don’t just believe things here based on the feelings of someone else. So, I am not really going to believe what you are saying, because this is not even the first time that we are seeing a move like this, it happened many times.
And moreover you are not even the first to talk about this, since last year a lot of people had been saying that the market would get above $100,000, and we haven’t seen that yet. I know there would be an increase, but all these ridiculous prices when the bullish trend is over? I don’t quite believe them. But it’s still good to keep holding.
You are right. Although there is positivity there, but i guess the timing is wrong. We are not yet even sure if bitcoin will make a consistent increase since the market is still in a big correction. For me, i don't see chances for bullish season this time as its most likely that we are even going to experience a bearish season rather than a bullish one. Of course bitcoin will still be in skyrocket after all of these, and no doubt about that. But for now, bitcoin is still struggling to surpass even the $45k price level. The market seems very interesting since last week, I saw a big zigzag motion on it which is a potential spot for making a profit. Though yes you are right that bitcoin price is unpredictable but I don't see any struggle happen here, I noticed that there's a big move jumping from $40k jumping into the price of $45k. But I agree that the bulls are coming soon and it will always come and I confidently assumed that the bitcoin price will reach $100k sooner or later within this year or another year because there is no time frame when it will occur. You'll get some profit if you know how to handle the price volatility. However, I'm saying it's bearish because we can't get past $50k and it's just moving to a lower range, I will not be surprised if bitcoin will drop below $40k as it's been due for a heavy correction IMO. After a season of bull run, it's a new season of bear run, so we have to prepare ourselves on that, don't panic and still enjoy its voaltilty by trading consistently. |
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You don’t just wake up and tell everyone to believe something just because you had the feeling that it is going to happen. Sorry that’s not how things works, rather you have to do your own analysis and give the reasons that’s good enough to prove that what you have said is accurate. This is not all about feelings, you don’t just believe things here based on the feelings of someone else. So, I am not really going to believe what you are saying, because this is not even the first time that we are seeing a move like this, it happened many times.
And moreover you are not even the first to talk about this, since last year a lot of people had been saying that the market would get above $100,000, and we haven’t seen that yet. I know there would be an increase, but all these ridiculous prices when the bullish trend is over? I don’t quite believe them. But it’s still good to keep holding.
You are right. Although there is positivity there, but i guess the timing is wrong. We are not yet even sure if bitcoin will make a consistent increase since the market is still in a big correction. For me, i don't see chances for bullish season this time as its most likely that we are even going to experience a bearish season rather than a bullish one. Of course bitcoin will still be in skyrocket after all of these, and no doubt about that. But for now, bitcoin is still struggling to surpass even the $45k price level. |
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Little money in big assets that have proven to increase in value over the years is a great start. Hold it in there for a while, and do some research and studying as to where else you can put your money.
This is no time to buy. stack some cash and wait till march, everything will tank and that will be the perfect time to go all in
That's one another strategy that I've heard. But while waiting, if you already have the cash, spend a portion of it and buy if you think that the prices now are encouraging. And if not, you follow your strategy that will require you to be more patient and wait until March. Because I know what's with March too, it's mostly the month where the market is too low. Long term and short term investments are good, also day trading would make your profit better if you are good at it. With consistency in day trading, you don't need to start with a huge capital because you have the consistency to be profitable that's why trading fits for you. With the market that is so volatile, it could give you more opportunity to increase your profitability. Try to start with small capital in day trading and let's see how long you're going to make there. I'm off with day trading and I'm not capable of doing that. But with what I think, if you're day trading, it's better to have a decent capital if you also want to have a decent profit. It's better to prepare everything if you really want to trade daily, because daily trading is a big risk and if you just try without any preparation, of course it is very likely that you will lose money, The most important thing is to think carefully before acting Well, aside from a big capital, you should also have more knowledge in day trading as its more risky compared to long term trading. Because if you are after with the quick profits, and not fully prepared on how to combat and manage the risk, you won't be expecting profits in the end. This is the reason why most of the traders prefer long term knowing its less risky and there are less chances to lose too. |
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As you know the first month of 2022 January is ongoing and there is no signal yet of the bull run market but I hope this bull run can be started after the first quarter of 2022 and everyone is predicting Bitcoin will reach its new ATH more than $100K and some expecting $200K. Present bear market situation.
A change could happen like a lightning, so we don't have to lose our hope, but you are right, we also have to see that a correction is happening and we have to be conservative with our prediction. The bull run has passed, it might need more time to come back again, and that $100k will certainly be achieved in due time, however, I'm not sure if it will be in the 2nd quarter this year, or even happening this year. |
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In this thread I share my opinion. I know 2 types of gambling. Sports and casino. I have both types experience. At first I started to play casino like roulette, dice, ludu. Roulette was my favourite casino table. One day I won 7k usd on roulette table. But I couldn't retain it. I lost all the usd in 10 minutes and day by day my lossing amount increased. Sometimes casino table was so tough. Whatever I bet all lost. No sequence maintained. If I won a day, I would loss 5 days at a stretch. It seemed all was fixed. I shifted to sports betting. I started to follow biggest football league like English premier League, la Liga, french Liga etc. Researched the teams statistics and placed bet. Gradually I covering my losses. What's your experience?
There is a slight difference between betting on matches and playing gambling games. In betting you have the option to select the team based upon the past performances and hence you have a better chance to predict the correct winner. In games like dice or roulette, there is no past history, no patterns and it is entirely based upon luck. If your luck is not good, you will lose most of the time. This does not mean that sports betting can make you rich while games can make you poor. I have seen people who bet on sports and are in an overall loss. Past history will never give you accurate future matches results. In both the bet and casino games, we should deploy risk management and money management. If you have a plan to bet or play games with certain amount and never go all in, you will probably be in a better position in gambling. Exactly, even though sports betting is a skilled based game, it does not guarantee that a gambler who knows the sport very much will be profitable. Watching sports and sports betting is different as you make a crucial judgment based on the odds, so it's a wrong perception that it can automatically make us rich. Just think of the logic, sports betting industry is profitable, that means majority are losing money in sports betting. |
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Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.
I would advise them to take both eth and btc, so in the next rally they'll going to acquire huge gains in each respective asset. Quick profit won't be certain, that's only by chance to make it so fast as lucky as the whales. For small investors, we need to wait and be patient in order for us to achieve our goals. Exactly. There is no room for quick profits in crypto as most of the huge profits are earned from long term hodling. And if you are new to this market, i would advise too to invest in bitcoin and ethereum as they have high potentials that they will be more valuable after this correction or once the market has recover from the price dumps. However, if you wish for quick profits, invest in them and hold them in just a short period of time. But you should be good in short term trading so you can be capable of making them profitable. |
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You should understand from the name only that meme coins don't stand any chance to grow in the market in the long run against the top coins who have strong community support due to their use case.On the other side these meme coins are just tokens on blockchain which serves no purpose at all and was built for fun only.They are rising at this time because of some market manipulations but will end up very bad soon so it's better to stay away from them.
No meme coin is safe to invest in for me this is far from a possibility in the long run. Meme coin has many large communities around the world due to last year's trend, if it is to be invested then I think it is not safe but it remains a big risk later if this meme token withdraws its liquidity. To me meme coins are only temporary to take advantage of and the rest is that they disappear won't last. I agree. Meme coins are only invented out of hype and manipulation and definitely, without no real purpose. So if you want to keep yourself safe from losses, avoid investing in meme coins as they are high risk and most likely, investing in them is like gambling, there are more losses than gains. It will be better if you stick with those coins that are more established and have real purposes, at least even if their progress is slow, but you know in yourself that you'll be hitting huge profits in the end because there is a strong demand from the community. |
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A Person who is still trying and struggling to feed his family, regardless of the headline of the moon and lambos they see displayed with other sweet testimonies, they can't just be pulled their self from that shell and to invest in bitcoin becomes a challenge. The sad part of life is that it's not fair because a person will be born and will eventually die as a struggler
It is quite a challenge for a lot of people, because they are unable to move forward with their investments and plans because of financial problems or difficulties. This is why some people are unable to hold their investments for a long time, because whenever they invest their money in the cryptocurrency market, they are bound to have some problems that they would be needing the money to solve, so they end up withdrawing there investment without even having to leave it for a long time. They end up missing an opportunity, because they are unable to Hodl. Lack of finance can really hinder people from a lot of things. That is without a doubt a great obstacle for those that do not really have a lot of money to begin with, even if they save some money so they can invest in this market that is not enough, they require to not need that money for the time necessary to turn a profit in this market, and we know that if you are unlucky you may need years for that to happen, so even if some people have the right idea their lack of funds will without a doubt play against them and force them to sell their coins too soon. Of course, the first reason that you are capable to invest in bitcoin is you should have sufficient funds to start with. Bitcoin is really expensive and we all know that, but if you know how to control your expenses, i'm sure you can really earn so you can invest in bitcoin. Also, you need not only money but you should have the patience too so you can hold long your investment, and invest only on your extra money and not those that are intended to pay for the bills or for emergency purposes. |
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I'm not sure I'd say we're in a bear market yet. This still seems like correction territory to me. Granted, it's closer to bear market territory than I'd like it to be. We're still in the comfort zone at the moment though. I think things will start getting uncomfortable around $39K and below that will feel like a bear market. At the moment though we could be in a trading range between $42.0K & $69K. Until that breaks, this could be viewed as a buying opportunity. Especially seeing the sentiment in the market expecting it to drop further. The bulls have been liquidated enough, there should be some bears on the menu before long.
I definitely agree that we are not in the bear market right now. It says we are 20% down for the week we are 11% or so down, and only in the last 30 days we are around that 20% mark and not even there, we were around 48k or so and now we are at 42-43k levels which is 5-6k difference and that's not 20%. All in all I would say that its nothing too shocking and we should not be calling it a bear market. For it to be a bear market we need to see it drop a lot more in the future. We need to see it a lot worse, we need to see like 40% or so drop in order to call it a bear market if you ask me. Obviously there is no definite line to say if one thing is bear or not, but this seems too small of a drop to be suddenly in bear market, it was just a small drop. I can also see that the current drop is not that very serious and its fall rate has not reached 20% so maybe we are not yet entering the bear season. I think there will still be a lot of this when we finally turn into bearish season, that weak hands cannot sustain it anymore and end panic selling. But we know things that are happening right now will not be forever, it will surely end when we see the market starts to recover. So its better to hodl our coins until we see good chances to sell and earn profits. There's nothing we can do for now but to hold most of our coins as the market is still having a correction. Also, seeing the coins are mostly in dips, then we can take advantage of this current scenario to buy promising coins while they are still in bargain. And for sure, we can do a lot more of buying when the market finally enters the bearish season. Or are we already entering the bearish season? I bet no one can answer it with certain since we all have our own point of views when it comes to having a correction or a bearish season. |
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It's still too early to predict the price of bitcoin which is currently only slightly rising from 40k to 43k which I think will go down again because the correction is still continuing, and to reach 50k it looks like it will still take a long time.
but if the decline does not return to 40K there is a possibility that a slow increase will lead to 50K, and only time and patience we have to prepare next because at this time it is difficult to predict bitcoin price movements and only Hold or take advantage of the decline that occurs to make gradual purchases because 100K has not been reached and will definitely happen.
Now the price of bitcoin has fall back again to $42,689 so there is still no assurance if bitcoin will really move up or may continue its dump prices. I think the best thing to do for now is to hodl your coins and never decide to sell. However, my prediction is that if this correction will really continue, the next thing will happen is we will be having the bearish season in the long run. Of course, the fears of the people will grow more eventually but let us not forget too that this bearish season opens another opportunity to buy all the potential coins that we have missed buying before. |
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Trading requires a lot of experience as I say because it needs also skills which may be in the form of thinking, analyzing and to go through the loss too sometimes but there should be some cover for each trader, whenever he make loss that cover supports him, that's in my opinion trading makes easy for the trader.
Technically trading is not easy though having the right knowledge can bring you more good fortune in trading that’s why its very important to keep on learning about trading, so you can be good which you can be use for the rest of your trading journey. Having Bitcoin is everything, so better not to sell for now just to get altcoins you can buy some altcoins but don’t sell BTC, its pretty cheap now. If you can keep bitcoin the whole time, that will be a great advantage. But for some who have limited funds, if they have huge number of bitcoin, i think it will not be a loss if we can sell a small portion of bitcoin so we can also grab the chance of buying altcoins. Because not all times bitcoin is the most profitable, there are really times that altcoins will exceed the profits from what we expect from bitcoin. So its never a bad idea at all since you can diversify now your investments. |
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We are still in dip (though there are signs of minor recovery) but still, its too early to say if the price wont go down further. Hence its an opportunity to buy, we'll never know how the coins will perform in the coming days but dip is always the best season to fill our bags.
Just buy the coins that you think has potential and likely to give you profit once the market turns bullish again. But keep in mind that investing has still risk regardless if the coins you hold are establish or not so better to have less expectation.
Yes. This is just the perfect time to enter the market and start buying bitcoin and good altcoins. As long as the market is having a correction or prices are in dips, then its always a good time to buy those coins which we think will eventually grow after years of hodling. And take note, not all coins that are in dips are good to buy, some have definitely no chances to increase their value so they are always on the bottom. And maybe making a good research and a good analysis is still very important before you decide to jump in the market. |
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I see the price of bitcoin does not last long at the level of $ 40,000. But I believe, the weakening of the current bitcoin price does not rule out the possibility that the price will advance to a higher position until it reaches a new ATH record. But I think, although the price of bitcoin is still weak lately, but the price of bitcoin is not going down to the level of $ 30,000 again. Therefore, this is the right time to buy when the bitcoin price corrects.
It’s still hard to determine if upto how much the price will go down but it is certain that the price will arise again when the market shows a positive sign and is having and recover it will soon to have another ATH. Im taking this time to study other altcoins like NFT and Metaverse as well to study more chart and flow of the market. The price may not be lower at 40k usd if ever for long so better prepare some amount so we can ride once the market starts to recover. The fact that bitcoin is so much volatile and its hard for us to determine as to what price its deepest dip, then i think falling down to $30k might still be quite possible. With the continuous price decline of cryptos in the market, this correction might pave its way to a new bearish season that will definitely make the prices even more bearish. So with this case, i guess there's a lot of chances that $30k might be its bottom price in the end. |
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