Yes, people will make BTC their choice because, of what they have heard or experienced from the past which will make them to continue to make BTC their choice. Investing in BTC is more comfortable to receive a passive incomes than others cryptocurrencies because, whenever the price of BTC start pumping other altcoins will start pumping too which is the advantage people will prefer to invest their money on BTC. It hard for those that bought BTC in a low price to miss their reward when the price pump higher in the market
That is if they are an old member but what if they are new in here? They don't have any experience yet but it's possible for them to hear talks about BTC on the news, social media or on their local community. They can also do their own investigations about it. That is how they decide if they will pick Bitcoin over any other coins. If other alts pumps too then why will someone only rely in bitcoin? People or investors are in for a profit. So we won't be expecting all people will choose Bitcoin as an investment if they see another option to make them get more profit at the same level of risk. As a matter of fact, even with greater risk, people will still choose another option if it will give them higher earnings in the same length of time. I think better if you say that people should stick with BTC only because this coin can live for many more years but altcoins can die one by one. In fact many of them have already died and many are still on the waiting list. People should switch out asap before they regret it.
It should be but I don't think in an investors mind, that is not the case. Profit minded people will always choose the shortest possible venture that can give them higher yields. |
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It is definitely not a "false bull", it went from 16500 or so levels to 23500+ levels, which is a proper increase and not some small increase. People are too much afraid of the price and they keep making these type of comments and I keep getting sick of it. There is nothing wrong with trusting yourself and bitcoin at the same time, its a good project and you should be able to trust it enough to buy as much as you could afford without ruining your life. I am not saying put all the things you have in bitcoin, you can just put some and trust it, but to avoid it because you think its a false bull? Thats a very bad move and will not end nicely for anyone.
It is possible to be a false bull, even a bull trap. Other refers the current price trend as relief rally, a higher low. Other even stated that we are not yet out of bear market. So I think it is not bad to be cautious in time like this were the Bitcoin trend is in a critical stage of being bullish or bearish. But one thing is sure here. If we believe that Bitcoin will uptrend then we can just continue to accumulate, if we are in for a long term this issue whether this is a bull trap or a bull run will not affect us. we just keep on buying bit by bit until we think we have enough. |
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The world economy has been in crisis since 2022, not just the beginning, and things are starting to recover as inflation shows signs of slowing down. The possibility of bitcoin falling again is entirely possible, but for bitcoin to drop to $12k, I don't think that will happen. I also thought bitcoin would drop to the $12k region last year with the black swan event, but that didn't happen, so it's doubtful that this will happen this year.
If bitcoin goes up or down, this year is still a good year to invest in bitcoin, as long as bitcoin hasn't hit its old ATH, there is always an investment opportunity.
I do not think that possibility of bitcoin dropping is realistic just because economy is recovering. We had inflation a few years ago and the price went up, this causes people to think that it will go up only when inflation happens and drop when inflation is gone, but that is not true, we increased in 2017 and there was no inflation like this back then. Bitcoin market is crazy and highly volatile. Often times the unexpected happen just like what we experienced recently. Does anyone expect Bitcoin to rally to $23k these past days? Or does anyone think Bitcoin will collapse to sub $15k when FTX collapse? Bitcoin market is highly volatile, and with just a change of market sentiment, the price can crash or surge depending on the pushing factor. We could still grow bigger when economy is doing better as well and we should be hoping that it will happen time and time again. It is really not an easy thing to predict when it will go up, which is why many people are losing their patience while waiting, but it is clear that we managed to go up in any economic situation and we can do it again.
No one can predict the future, all we can do is speculate and hope it will happen. Though I still think that Bitcoin is still in the bearish market and this surge is a bull trap, there is no way that I imagine Bitcoin touching $12k this 2023. |
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I think if they really know what they are doing, most traders would be quite happy right now. Why? Because it was lower, and then went higher and it's lower again, that type of volatility is something traders could make a profit from, if you are a great trader then you made a lot of money during this past month, but it is okay if you failed to do that as well.
I am not saying that everyone made money during this period, some of them failed and that is not a bad situation because sometimes volatility hurts some people as well. As long as you are still capable of making a profit in the future and not done yet, then no loss is too big to recover from, you can always try again.
If trading was as easy as you say, everyone would profit from it. Most people lost the opportunity because the sentiment was extremely bearish before this wave, then when people started to turn bullish few days ago, the market moved down again. For me, the best thing we can do now is to contradict the crowd, I made some profits following this simple strategy, although I don't have a lot of knowledge about TA. It is obvious that Bitcoin is cyclical so we got a hint on when the Bitcoin will go down and when it will possibly surge. This cyclic feature of Bitcoin made it easier to those who has the knowledge of trading and trend of Bitcoin to get profit from its market through trading. Besides, holding Bitcoin is easier to get profit at the current situation than daytrading because we know Bitcoin tendency of surging after its halving event. Trading is easy if we know the right and left of the asset or items we are trading. It will only become difficult if we do not know what we are doing. |
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The circulation of crypto does not yet exist in all countries as global economic progress has been and continues to be, it is very difficult to bring economic prosperity to countries with large populations and limited natural resources. Boundless corruption makes this whole thing more difficult all countries are competing to keep their standards down. Many countries in the world are now thinking that they can stimulate their economies by keeping standards low.
We must not forget that Bitcoin (digital currencies) opened the door for a large number of people to find work via the Internet and get their wages, regardless of their geographical location or the policies of the countries to which they belong. This has contributed to reducing unemployment rates and helping the largest number of people (especially those living in conflict areas). Countries with limited resources can now activate new resources using Bitcoin only. Not only unemployment rate, Bitcoin also open the portal for the unbanked and underbanked to join online transactions. Bitcoin also give chance to those people who are rejected by banks due to some reasons, to transact online since some merchants are accepting Bitcoin as mode of payment. Bitcoin also enable a person to send funds anywhere in the world. Bitcoin disrupts the centralized financial system by giving chance to people who are rejected by centralized finance system of transacting globally. |
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Bitcoin is digital currency that is being widespread almost all the continent, and some people notice the development of Bitcoin very late, and it enables some people not to invest in Bitcoin in far back 2009 and 2010. Therefore i noticed that teaching children of Bitcoin in early stage and mostly children that is up to ten years and above, inculcating the functions and the importance of Bitcoin in children will make them to develop widely with the knowledge being inculcates with them already. I think that Bitcoin is good to be known from youthful age. I have noticed that assuming so many of us notice the important of Bitcoin in time we would have all be a partial millionaire if I'm not mistaken of being a full millionaire.
It would be better to teach the children about financial literacy. I believe it is too early to teach children at the age of 10 since they don't have the capability to invest or they are at a legal age to trade. Besides, the right time will come for these children to learn about cryptocurrency so we do not need to rush them into learning things that they are unable to process or participate yet. Teaching them at the tender age is a very good but if the child can handle the three domains of learning then the child is good to learn bitcoin but if is not, you have to wait for the child to matured cognitively. And the three domains are. 1. Cognitive 2. Affective 3. Psychomotor The child must have the ability to understand the information you giving. And also he or she must have the flexibility to carry out activities. We must educate them True, we must weigh the ability of children to process and absorb an information. Teaching them too complex information at a young age will only be a waste of time, IMO. |
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What other features would you like to see in crypto casinos for senior citizens?
Is there really need for additional features of a casino just to engage with senior citizens? I believe the current cryptocasino is already a good package for everyone. The deposit and withdrawal process is pretty much the standard, unless you are thinking of privileges like perks, rewards etc., may sounds good. Other than the bonuses, VIP treatment, perks, I do not see any more features that is needed just to accommodate senior citizens. |
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Well, I expect that the majority are not yet convinced with the current situation, doubts remain and I feel that every time when prices increase.
In two weeks of consecutive price pumps, I don't think we still need to think about it as a trap but we rather think this is gonna happen after the year in bearish. Might not be a bullish time in the market but I'd consider this as an indication that the demand is growing. Meaning that one of these days the price of Bitcoin will possibly reach $30k if the momentum won't stop.
This bull run has lasted 3 weeks, and it can be said that it is not a trap, but there is nothing wrong if someone is still doubting everything. Don't forget that bear season is not over yet, so extreme caution should be exercised as bitcoin can correct at any time. To me, this rally is just a short-term rally. The past bullish days have had no notable buy signals in the market to say that the demand for bitcoin is increasing. Bitcoin is very volatile and it can neither fall forever nor rise forever, it is always volatile. Yes, I don't put it aside that we are still in the bear season but at least we have seen these few pumps that could bring courage for the holder not to give up from waiting. I know how volatile is Bitcoin but I don't think also that we drop again below $20k this year. We have done with the FTX issue that badly affects the market reputation and we are now in the recovery. Might the current pump not be going bullish straight but I know people are happy about the market improvements. Even though it has been 3 weeks (as stated) for Bitcoin price recovery, I still can't remove the fact that this is still a bull trap. For some reason, I am not fully comfortable with the current surge of the price. This is bullish sentiment is premature and I am still doubting that it will continue to be bullish until the halving. I am worry of some point possible manipulators will cash out trapping bulls and when that happen I am more worry on the possible effect of the incident on the market which is Bitcoin price crashing hard. |
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Since strategy are always changing in trading, what is the relevance of experience? Who would you trust the most for trading tips,
An old trader who has had better days and mostly still relevant because they have a strong reputation for the fact that he has been trading for a while, or would you trust a new trader who is hot in the market and fresh with new strategies?
Why choose when you can just absorb the two predictions and compared it with what we know. It is always best to have things compared and decide it for ourselves than following someone blindly. The two traders you stated have their storng and weak points but by combining the two strategy may somehow supplement each other and will give us more precise price prediction. I usually watched the videos of a pro trader and learn from their strategy, though of course I didn’t follow them exactly but usually their analysis are ok so listening to them are more ok to me than to listen to a beginner trader. Though we should not depend on them always, we should still need to learn trading and create our own strategy. Trading is very risky, there’s a lot of things that you need to learn first before actually making profit.
Definitely a better move than just following someone blindly. So better accumulate learning and strategy, combined them accordingly and it will possibly give us better result. |
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It is quite hard to have an untouchable savings since I am an active investors, sure I have untouched savings but the moment that is to be touched and use when I hit the needed amount for my planned investment.
For a person that is earning just almost enough for family budgets, it is quite hard to save, we really need to budget things accordingly and avoid expenses that is unnecessary. The better approach is to take side jobs which can earn us more and enable us have the luxury of having an untouchable savings.
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Today too many people are in worries about Bitcoin adoption, they want to see the global adoption happens overnight, that is impossible, I had some chats yesterday within a mist of friends and they are talking about how they don't notice any fast global bitcoin adoption, I told them that it won't happen instantly. But if you look at news, Bitcoin had been adoption had already been in global mode since years ago. Different country either accepting or banning Bitcoin and that is already in global scale. Bitcoin came into the world in 2009 and so far it's been doing so well. My last piece of advice to them is that Bitcoin adoption starts with us, let's forget about the global side, how many people have you lectured about Bitcoin this year locally, I asked. True, and the fact that "us" are living in different countries, regions or place around the world, it is enough to say that global adoption is already taking place. It isn't about how we lecture people, it is about how many people we influenced to take part in Bitcoin economy. I guess even if we don’t spread the news, bitcoin adoption is already inevitable seeing it’s all over the internet. I’m not really into voicing out about bitcoin and all the positive things it has done for me, but rather I’m more on showing them the proofs how bitcoin changed my life. But if they come to ask me about bitcoin, of course I’d be very willing to answer them based on facts, including the risks involved when investing into bitcoin.
I think that's the best thing about bitcoin, you do not need to do marketing for it, you just do you and bitcoin will make your life better and when it does, people see it and people will think "this guy wasn't living this great, then he got into bitcoin, and now he lives great, maybe I should go into bitcoin as well" and that is the best marketing for bitcoin. The time we tell people about Bitcoin is already a marketing act. Bitcoin do need marketing and marketing is done through the use of words, spreading awareness to people who have no idea what Bitcoin is. |
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Also, there is the fact Stake or other reputable casino which is properly registered could face some backlash from regulators by minting a token in that way. In jurisdictions like the United States it could even considered to be an unregistered security.
That being said, a casino as successful as Stake does not have any necessity to launch something like that in order to continue leading the way in this industry.
Stake should be open for a possibility. If the needs arise and the gambling trend goes to tokenized casino, and assuming the means of tokenizing casino is now legit to any jurisdiction, then it won't harm Stake to go with the trend. with their huge usebase and huge number of whale players, I never doubt that stake will be successful in launching his own token. But right now, I also do not think there is a need for Stake to launch his own token. Stake marketing strategy and promotions are very effective in keeping and inviting new players. That said, I believe it is enough to keep Stake on the top. |
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Since the year started with a good results by moving from $20k to $24k this year, show that the price of BTC and crypto will move higher to satisfy investors soon. Now that the month is moving faster and investors need to think faster so that they will not miss their reward at the end of the year. The price of BTC just drop down to $22k few days ago, which is another opportunity for those that missed last year not to invest in a stable coins to do it now because, the price of BTC will surely reach $80k before the end of this year 2023.
Are you sure investors will experience $80 this year?
If the uptrend continues, then it is possible to experience $80 this year, but I don't give hopes to it. We might see some long line of sideways, since I believe this January, Bitcoin is overbought resulting on its price surge all of a sudden. We might also see some sideway now since when there is a sudden surge, correction follows. Anyone can say yes and no, but at the end, no one can predict the future accurately. All we do is just guesses and hope that it will happen. So I believe that there is a possibility but not certainty that $80k will be reach this 2023. |
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@OP, you can always opt to not use any centralized exchanges if you will not trust even the top exchanges, that may lead you to using any decentralized exchagne... o wait that is still exchanges so where would you trade your cryptocurrency then if you are hesitant to trust even the largest centralized exchanges?
I think you should have rephrase your title to "I will never completely trust even the top exchanges". Anywho, we should only use exchanges as what they should be. We should only put our funds to it when we are buying or selling stuff, if we are done with our business, we must withdraw any funds we have from exchanges towards our own wallet. Even though Binance say that it is safe to trust our funds to them, i feel it is still a bullsh*t to entrust our own money to any third party services.
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Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.
Saving is never been a wasting. If you intend to invest in some venture, you need to save money for it. Thus, you are saving money for your planned investment venture. Basically, if you are a student, you will never have a money in one go in order to invest in any investment venture, you need to save money and when you have enough then you can invest it to any asset, stocks, project or cryptocurrency you wanted or even create your own business. Saving is the best move and proven to be not a waste especially if the business or investment venture you wanted to do needs a huge amount of money. Besides, depending on a situation, saving is way better than a loan to start your business or investment venture. |
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So it's a personal thing for me. I can still continue if I wish to, but that doesn't seem like the wise decision. So let's hear what you guys want to say. Give me some advice from your personal experiences.
There is nothing more to say here but what you did is the right thing. Since the government has labeled cryptocurrency as illegal, you have to stop dealing with cryptocurrency in your business else it is highly possible that you will be apprehended if you keep on accepting BTC or any other cryptocurrency. It is a sad thing that the government is the main hindrance in cryptocurrency, specifically Bitcoin propagation. There are really some leader who do not do deep research before acting against Bitcoin. If only they know that Bitcoin is way more transparent than the national currency, I bet they will accept it than banning it. I hope your country will soon realized that they are missing out on banning cryptocurrency. |
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bitcoin can Crashed again Below $20K Level or Not ?
how much Probability for Down ? We cannot precisely predict the movement of the Bitcoin Market. The trend might go up or down depending on the sentiment of the market, so yes, it is possible for Bitcoin to crash again below $20k. No one can measure the probability since the market is unpredicted. If ever someone state a percentage, that is all a wild guess. suggest please I can bear some Loss but Can,t afford 100% loss
waiting for all expert members suggestion?
Just hodl and aim for the long term. If you can't afford a 100% loss of your savings then put in the money that you can afford to lose. It is as easy as that. |
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If bitcoin or cryptocurrency is for the institutional investors and for the corporates, then what you said could happen. The reality is different, cryptocurrency is for everyone and for every level of people. Maybe the institutional investments altogether can contribute big and give them power to make disturbance. To what extent this will happen, beyond some point the market will not react as it have dependence over each and everyone and not on something particular.
If the institutional investors pull out thier funds at the same time, it will result in a very negative market movement since the demand for Bitcoin is being pulled out, thus a collapse is imminent. But good thing is, it will be temporary because Bitcoin does not only rely on institutional investors. there are many other factors that can contribute to the market price of Bitcoin. Most of it is from an individual demand. Also the development of technology behind Bitcoin can also serve as interesting factor to make people interested and eventually participate in the bitcoin economy. This mean that Bitcoin will not die even if the institutional investors ad corporate pulled out their support. |
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What's the community's take on this?
I do not think huge money flowing in and flowing out of the market is a bad thing. I think it is a normal occurrence in a market. Whales that bring huge amount of money brings demand to the coins making its price spike which by then create interest to most of the bystanders and making them to join the market because they FOMO. Huge funds leaving the market because whales cash out is also not a bad thing, it gives a window for another batch of bystanders who wanted to join the market at a lower price, which can trigger market recovery and eventually turned into hype. So having a cycle like this is not bad for the market but instead, it gives life to it. |
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Bitcoin and cryptocurrency owners are vulnerable to hacking, and we can see this everywhere. When people participate in bounty programs, they often want to conceal their identities because they might be targeted. Many members of cryptocurrency groups on Telegram and Twitter receive scam mail and private messages from anonymous people, those who don't know about your portfolio, imagine if they did.
But I don't think that people will open their wallets and exchange or trade with each other when they are set to have a meeting and discuss more about crypto adoption. Remember @ OP stated that its intention is to talke about how to help propagate Bitcoin awareness but most of the Bitcoiners wanted to have the meeting on a social media platform where they can just chat about the possible approach. More or less the people whom OP has contact with is lazy doing things or are paranoid about their physical safety and do not want to be exposed as person with a huge stash of Bitcoin. |
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