Market is witnessing some gradual dumps and it's a know fact that altcoins will bleed more than bitcoin and they will be stable or recover only when bitcoin recovers and pumps. So will it be wise to hold on to Altcoin or switch to Bitcoin or convert the funds into stablecoins and wait for market to either start recovering or to dump further to buy more in order to reach breakthrough for the lose which we might have incurred till now.
it depends on your goal mate, if you are in a good alt projects and you see it very optimistic then must hold, in fact not all the time when bitcoin is crashing alts were doing the same as well, because you know sometimes alts is green as well while bitcoin ia red.. Be practical and make research first or technical and fundamental analysis maybe a good idea to figure it out which is a good option to keep holding. |
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One of the largest roadblocks I have in defending bitcoin (and cryptocurrency in general) is when people compare it to a Ponzi scheme.
There is plenty of bitcoin FUD that is easy to defend, but when people pull the Ponzi-card, that is when I begin to get agitated. This is because I don't have a sound argument to combat this claim.
For those who are not readily familiar; A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from legitimate business activity, and they remain unaware that other investors are the source of funds.
People compare bitcoin to a Ponzi scheme because the price increases when more money flows into the underlying asset. If I buy for X and sell for X+100 that 100 profit of mine came from another person who bought into the scheme after me. In the eyes of many, this is dangerously close to how Ponzi schemes generate value.
What is the best argument against the Ponzi scheme narrative?
In what ways are Ponzi schemes different from bitcoin?
How do they generate value differently?
how bitcoin become ponzi? That's nonsense mate because that's the way how bitcoin works even before whrein through demand and supply, so without such thing there's no chance for us to make money in it as well. Many people saying its a scam because they don't have knowledge how they can become successful in it after how many losses. Lol Without knowing that it requires knowledge especially when it comes demand and supply where a lot people are buying and selling.. and what do you mean if you bought bitcoin it came from fraud? Shut the front door mate. Unless if you don't use a trusted platform.. And if not your a lucky human to receive bitcoin from frauds. Lmao Make some research sometimes.!! |
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From my point of view, it seems that the market will rise and fall. If the condition of the market is good then the price of coin will increase. If the market is bad then the price of coin will decrease. This is easy and normal.
Of course that's what it is.. Market has 2 season that's what we called bullish and bearish, if it's bull trend then it means the market is fine but if its bear trend definitely not fine because market is crashing gradually. But still a normal situation because that's how it works buy low and sell high so people were selling at the top reason price is decreasing but when its dip people will buying as well reason there's a pump in the market..it's like a roller-coaster to make the story short. |
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For me its the same, i mean even you used both and set up 20-50-100-200 there's no big difference in the chart, but i don't know when it comes the higher time frame such daily and etc because as far as i know sometimes they are not accurate."correct me if i'm wrong". By the way if you want to used that on day trade, probably 20-50 moving average and 200 is enough for swing trade, if you want scalp then you need different strategy. If i were you watch some video in youtube for sure you can get more idea how to use that both moving average in a specific way.
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WHY ARE ETHEREUM GAS FEES RIDICULOUSLY HIGH?
I was about making a withdrawal transaction some time ago on the ethereum chain, and the service fee was approximately the amount of the withdrawal I wanted to make.
Is this normal or was the platform dubious?
its a common issue since day one mate wherein when ethereum gas fees increasing rapidly. That's the reason why as well mostly people who used to make transactions everyday preferred to choose another network in order to save money and that's BSC..so don't be surprised mate because it's normal sinve ethereum still overloaded and if you have problem then find new ways where you can make transactions with low fees.. For me xrp is the best as of now and trc20 network.. |
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When BTCitcoin is under 1 dollar people think it's another WebMoney kind of thing, greed was becoming Fear people failed to hold on it.
Same thing keep repeating itself first Greed enter's and it turned up into fear and bought wrong judgements.
Fear of loosing FOMO is where we get out of positions and accept losses, FUD is what makes market down and it keep repeating itself.
New entries are more infected by these two viruses FOMO & FUD, with experience we learn how to deal with it. If there are no more new entries BTCitcoin will become more stable.
90% of crypto geniuses failed just because they failed to HODL it learn from them don't be one of them.
First thing to learn in BTCitcoin is Hodl it - Fear is not Real
most people have fear it's because they don't have enough knowledge how to prevent losses and to protect their capital when it comes investing, trading and etc in crypto. Well that's what we called weak hands. Perhaps without them market has no rug pul or sudden changes in the price even though it's uptrending. They're the main reason why market is so volatile..lol for me knowledge is more important because without such thing you will become greedy wherein not in the right time and have fear of course when making decisions.. That's why obtaining specific information is the first suggestion when someone asking what is the best steps to start in crypto but everyone don't listen and take it seriously..  |
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From the bearish conditions that we have experienced for almost the last month, we can see that the price of bitcoin is almost close to the $40k price level. As long as we don't find a large bearish candle, the bullish scenario for Bitcoin will still occur. The next projected bitcoin price target is around the $74k-$75k level.  If this scenario occurs then the current buy the dip will be very profitable. a good structure can really tell where the price will gonna go in the near future, and that structure is very pretty tho. i mean there will be a new high if it successfully made break out, if not then it means it still not stable and don't have enough strength to jump again..let's just keep our finger crossed that it's a positive sign. |
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That's how it start mate, i mean a signal that anytime soon elon musk and his team will make hypes gain on doge coin., as you can see its been months since elon musk didn't post something like that or should i say he's inactive for how many months and suddenly there's a post something about doge. Lol so expect there will be another good performance with doge again because of that post form him.. Definitely a influencer.
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I have see in my research in many place that fundamental goal of bitcoin is to replace traditional currencies.
I am asking what is the fundamental goal of bitcoin. Is it
- to replace traditional currencies
- to provide alternative to traditional currencies
- to provide freedom to everyone on how to use money
If number one is truth. There means bitcoin is deserving the fight is getting from government. Because nobody will fold hand for another person to replace him. But if number two and three is truth. There means Bitcoin not deserve the fight is getting from government. that's what others saying wherein to replace fiat currency. Even though it's very obvious that governments don't want that thing to happen because they're still against what some factors bitcoin have. Infact if it's not a big deal perhaps it already happened wherein bitcoin is now flipping those legal tender bit unfortunately its a big deal.. Maybe i will agree with the last part but taken the place of the traditional currency it is very impossible to be honest.. Even we make surveys about that in public it will be negative for sure. [/list] |
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Hello Gurus of trading  I am curious about the following: Sometimes, I notice that a trade is placed in the orderbook and then the next second is canceled, then placed again etc and the process repeats. Obviously this is a bot, but what is the point of this? Is this a trading strategy? if you're using a bots perhaps its normal, there's a cancellation and another buy order, it sometimes happens when there's an error or a set up that didn't work wherein reason the bot you're using is making adjustments in order to get a successful trade. Remember bots will work depends on their program so if you have a bots for intraday it's normal because they set many trades everyday automatically.. |
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Making research is a good idea mate if you really want to know which of that coins above can guarantee good returns after all. Just invest time for it in order to obtain specific information, because indeed all the information can easily find in the internet and for sure there's already and existing feedbacks if its a genuine projects and very optimistic as well. Fundamental and technical analysis is the most important when choosing projects!. If you don't know how to do it then make it as your priority.
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It's always a temporary situation because of some factors wherein like what always happened . Indeed this isn't the first time bitcoin experiencing a downtrend because that's how it works to be honest after the all time high "Buy low sell high". so its surprising anymore why this situation always happened after all. And patience is what we need, don't overthink guys. |
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The reality is that they would not have been able to hold for so long even if they bought 10 years ago. Very few have the patience to wait till 100x or more. Most of the investors will be sold at the idea of 2x or 3x itself. Some of the people that were able to hold for so long were those who had invested and then completely forgot about it. There is one more category of people who had complete trust on BTC and thus they stick with it for years.
yep that's because we have different midset, but if you really want to hold bitcoint for 10 years because you how very optimistic it is., probably you will not break your goals.. Well unless if you need money wherein that's the only choice you have to save your life. Lol because if not to be honest it's impossible, why touching it if you don't need it right?.. It depends on the situation as well. |
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If BNB and Binance chain has its own standalone blockchain I'm positive that it will nailed solana matic and others to the ground, the advantage will be incredible I believe but the only thing that still makes BSC one of the best today is cheaper gas fee and the binance exchange name, what if BSC stands alone? What's your thoughts?
probably the rank itself in the market is enough evidence about what you're saying mate. Because indeed binance network become so useful nowadays since the time as well that ethereum network shows a very expensive fees and everyone see it not fair until now especially those who used to make transactions using the network...so i wouldn't be surprised if no one can flip binance for long time from the place where it is now. |
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Crypto trading is getting more and more technical as the days goy, and the formula that worked back then in 2018 is no longer accurate at this moment 2021 came with a lot of upgrades with many exchanges coming up with new features on the exchange.
So being forced to ask what are the most updated guide for newbies that have been out of trading for some time now.
it still as is mate, i mean those old stuffs and techniques still working, in fact it becomes more easier nowadays than before because some exchanges platform provides some important information that can help you to make fundamental and to determined if the project if it's good to trade or not. There are some set ups as well that upgraded but there's no big difference from the old ones wherein they just put a twist in it so that everyone can easily understand how it really works. |
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We always wonder who the real master mind behind the name of Nakamoto Satoshi the creator of bitcoin is.But what exactly would make you believe or convince you that "this" person is Satoshi if he/she ever decided to reveal himself.
There might be infinite wannabes and glory hunters wanting to rise to fame ,given the real Satoshi is one among them how would you go on about finding the right person.
its hard to tell nowadays because it's already late and there's a bunch of frauds spreading in the internet and probably even the real nakamoto came back and claim what other people saying no one will gonna believe in him also unless if he had strong proof such from the beginning wherein bitcoin isn't not yet successful because for sure no one can say it's not legit. |
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Once people was crazy about meme coin. After publishing lots of article, videos Against meme coins as cautioins, and after knowing that such step would be risky but they keep invested on such coins for earn quick money. Doge was pumped after elon tweet but dump again. now it seems people are more careful than before and most of memcoins got flop. so holding meme coins still make you rich or soon it'll be end of meme trend?
for sure most investors that jumping in to doge after elon's post in social media are those people who wants to ride the hype only and who knows well how memes very dangerous especially those big investors wherein always reason why suddenly doge showing a progress after how many months of being red. so invest what amount you can afford to lose if you want to ride the trip. Lol |
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Bitcoin is showing consolidation through lower time frames which means there's already a buyers at the current support and keep adding more when there's a fluctuation. So it will keep holding and maybe the last support for this month because obviously it gradually gaining strength.. So probably the first month of 2022 will be the new start for bitcoin..
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Hi, based on the fact that the Federal Reserve System (FRS) has kept the interest rate on federal loan funds, I believe that next year will be really bullish. Therefore, I would like to have fundamental coins in my investment portfolio that will grow in 2022, maybe you can advise me something? At the moment I have Solana, NEAR, Matic, Avax - these projects showed good growth in 2021, and I think they will show even more in 2022
you have a good pick mate and yes for me as well they're very optimistic coins so i wouldn't be surprise if next year will be a good year for them again.. By the way if you want to add more for your portfolio try to make TA on these alts such as "LRC, ENS, AVAX, gala" If they still have potential because i put these coin in my list as they're making too much hypes also along with the top coins in the market.. So maybe can help you.  |
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It has no owner if something happens who do i complain ?
If something not right with eth i can complain to V Butern
Right now the owner might be of btc GRAYSCALE so the Micheal Sonnershein the Satoshi Ceo of company.
Second question who will guarantee my btc safety ?
I trust exchangers as i trust people who are well known
But i think we not ready for decentralized finances as someone got to give out guarantees.
Right now the biggest shareholders are arkinvest and grayscale so i guess they should also have more liability and responsebility as tgey got more profit of dumps and pumps as they are biggest ones so they can manipulate with prices but still btc needs owner the company who will be responseble for all
I guess we can send complains about btc to him.
My grandfather said if no responsebility of person then no assurence of great business.
that's why adaption is more important so that the price of bitcoin will keep moving forward. If i were you keep in touch to some news around the internet so that you know as well what's happening to it. And who said no one can control in it? Did you not heard about whales? When the price is at the top and bitcoin plunges it's because of them fyi. But as you can see bitcoin still recovering from the dip its because investors keep buying as well when it going to the cheaper price. So it will not last mate.. Just think how buy low and sell high is working, perhaps it can help you to understand that this kind of creation is for life time not a temporary like those shitcoins.. Lol |
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