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621  Economy / Gambling discussion / Re: Sports betting vs fantasy sports on: April 17, 2023, 04:37:18 PM
Both are skill based yet former is considered sheer gambling while later is not. Fantasy sports has become norm, while on the other hand if people come to know that you bet on sports you'll be met with eyebrow raise.

^ that's my opinion. What's yours? Do you consider both of them same or different?

If fantasy sports is likely to be manipulated than sports betting, then why would you persist betting on it. What I would do is take a betting to which makes more sense to me and stick with it. I don't need to get involve to every kind of gambling. I just need to stick in which I can make money.
Also if you take betting to business, it won't be gambling anymore because rule probabilities in making money will take in place.

I'm confused, how do people think sports betting is pure gambling and fantasy sports betting is not? they are basically the same thing and the only difference is that the match on fantasy sports happen virtually and while the match on sports betting is not. anyway, I do view both of them as gambling.

Because every one of us sees things through different lenses. For me, when money is involved and you can absolutely earn money. Regardless if it is gambling or other means, if you put the right system into play, any person could turn it into a profitable money making business and income.
622  Economy / Speculation / Re: Good time to invest in BTC? on: April 17, 2023, 04:27:06 PM
Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?

thanks in advance.

I believe OP is simply asking that from where price is right now, Do BTC is likely to go lower first in 16K and have a retracement before going higher or it would go directly higher impulsively up to 40K.
The answer is simple. WAIT.
If you are not sure of what is direction going higher or lower, then simply wait before engaging.

When everything is clear to you and you have built your own conviction, then enter a trade according to that analysis and capitulate the move.

Remember, Trading and investing is 10% buying selling/ 90% waiting. That's is why 90% lose, because they cannot afford to wait. There is more advantage of waiting and that is preserving your capital.
It's okay to not know everything. If there's nothing clear or sure. Wait and demand for more information in the marketplace.


You are a beginner, and your faith in Bitcoin is not strong. You don't know what you actually want, or, shall I say, you don't have any decisions of your own.

There is a saying, "No time is ever too late." Anytime one has the money and decides to invest, that's the right time for the person. We don't need to wait for 12k, or 13k, or 20k, because those figures might never be seen. The more we wait for those price falls, the more likely we are to see a price pump. The low price you see today might never be seen again. Anyone who wants to buy and hodl BTC should actually not be thinking about price; most times, it delays the decision to invest.

If you actually want to invest in Bitcoin, I will advise you to buy when you have the money you are willing to risk; don't invest what you can't afford to lose. We know no money is considered useless or worthless, but always invest in something that won't hurt you the most if things don't actually go in your favor.

I also want to add, that if you already have the convictions right. Have also a plan for risk management. That would save you a lot of money and mental stress. Consider and always accept the risk. DONT FOMO in. Bitcoin will continue to go higher and lower forever. You won't miss any. So don't miss your self FOMOing in every price moves. hope this is clear to you and everyone.
623  Economy / Economics / Re: What will you do if bitcoin crash? on: April 17, 2023, 04:16:20 PM
If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?

Being rich or poor is only a state of mind. You can be rich right now even just you're building with it.

So if you ask whether I will become rich or poor, I will remain rich. Because of the fact that I already accepted the risk of investing in crypto. Means whatever I put in it, I already deemed it as 0$ investment loss.  I am willing to loose because it's normal.

The thing is IF BITCOIN CRASH? I will only lose money because I will not sell my position out of fear. Instead, I will go buy more in lower prices. It's in a discounted prices as it is crashing so why not DCA and Invest more. I am here the long game so I don't mind momentary drops in prices. That is the advantae of having a investment plans and sticking with it. You're less likely to get into your emtion and make emotional decisions. Instead we create a reasonable decision and create greater wealth in the future. Because BTC is the future.
624  Economy / Trading Discussion / Re: Trading Bitcoin in 1 Minute charts on: April 17, 2023, 04:05:50 PM
Hi All,

I'm brand new here, I just wondered if many people trade Crypto in the 1 Minute time zone? what is the preferred time zone, for most traders?

Thank you

CookyTrades

I would advice that you would trade with 3 time zones.
One for higher timeframe analysis could be a daily chart or 4H, second is for middle timeframe or current trend analysis 1H timeframe or 15mns, and last timeframe which could be 1 minute timeframe for your entry timeframe.

Trading the 1-minute candle means you have to make a decision every minute since it paints candles for every one minute.
BTC is highly volatile. Price actions are fractals. What you can see in lower time frame, you can also see at different of higher time frame just in different phase but in almost identical formation.
Trading whether what timeframe you enter with is just a brass part of any system. If you know what you are doing, you are not gambling.
625  Bitcoin / Bitcoin Discussion / Re: Bitcoin and dollar on: April 17, 2023, 03:58:15 PM
Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not  crypto)  still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin 


That's what you call Risk on and Risk off in the marketplace.
When the risk is on, people will tend to take their money from their investments which means the dollar will go higher and risk assets such as sticks o btc will go lower. When risk is off in the market, people are aggressive in the market where they buy risk assets. Conversely, dollar will go lower and bitcoin will go higher.

Another thing is interest rates, higher interest rates, bullish on dollar, bearish on bitcoin, and other coins especially those which are paired with USD/USDT.
Among other coins versus BTC, you can use BTC domination instead.

That's their market correlation, other than that, the market moves through liquidity to where willing buyers and seller reside their orders.

Most crypto currencies are valued using dollar including Bitcoin .Does this mean that fluctuations in the price of dollar will affect the price of Bitcoin directly or indirectly.since most other currencies(not  crypto)  still are priced using dollar expecially during exchange.
Or does the pricing of dollar value have no effect on Bitcoin 
Cryptocurrencies are not valued using the dollar
Hey, you are wrong, you should take back this statement. Bitcoin can't be priced by itself it has to be paired with a fiat or valuable commodity to know the value. This could be USD and the rest. Look everywhere, no currency and commodity are used to measure the value of bitcoin more the USD, same is what I know for other cryptocurrencies. The US dollar is the most recognised currency in the world, for this reason it will always be on the forefront in knowing the value of valuable assets like cryptocurrencies.

And this is a fact. It's no complicated formulas. To which ever you pair the BTC against, it's as simple as you measuring the values against another asset or currency.
626  Economy / Services / Re: [OPEN] [banned mixer] Bitcoin Mixer | Sig Campaign | Up to 0.0036 BTC/W on: April 17, 2023, 06:38:30 AM
Username: CarnagexD
BTC SegWit Address: bc1q5up5yhjnz4pn3hkzktm53x2py9vzgx5ntzd08a

Hello, just want to apply if there's an SR member slot and I'm also open to accepting FM rates.

Thank you!
627  Economy / Trading Discussion / Re: Is Technical analysis a must know in crypto trading? on: April 16, 2023, 01:46:14 PM
Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Trading isn't all about technical analysis. You can also use solely fundamental analysis instead.

The point is, you cannot master the market. You can only master yourself. By establishing your own rules, own system, own decision making process, and most importantly risk management. All put together with your own psychology and there you go. You are able to profit with the market.

You can give any person a working system but still, they cannot trade it profitably. Why? Is it because of the system? The market change? NO. It is because of the trader. The operator. They lack the necessary experience and confidence to get in front of the market.


Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance

Everything can be learned as long as it is always accompanied by perseverance, dedication, determination, and above all, passion. Because when you have all this, it is not unlikely that you will easily understand the so-called technical analysis when you are doing actual trading here in cryptocurrency.

Because the knowledge of understanding technical analysis or whether it is fundamental, it is an advantage to an individual trader when you know how to read charts and analyze graphs,

Reading the chart is completely different from trading. Trading is engaging the market. Reading the chart is only knowing where it is likely to go. You can know its direction but can you trade it? Can you accept the risk? Can you take the probabilities? Can you endure losing positions before it goes to a winning position?

It's easy to win a trade. But it takes mastery and rigid rules to win consistently.
628  Economy / Speculation / Re: Bitcoin is on 30k how was your feelings ? on: April 16, 2023, 01:19:50 PM
After 10month later btc again touch 30k range, Although I was happy to see it rise to the range of 30k, but a deep pain and fear was created in my chest, actually the fear is that I don't feel comfort when the price of bitcoin goes higher because after investing at that price, if btc's value goes down. It's like the bitcoin pump couldn't make me happy.
I would like to know your feelings on this matter.  Tongue


It's your feelings that mess up your trading and investments. It is your feelings that make you create irrational and illogical decisions.
I would say that your investment plan must be clear. Black and white and rigid. So that when your emotions, greed, fear, and uncertainty, hits you. You know exactly what to doo and not get derailed from your financial and investment plans. Otherwise, your gains or your investment money will be lost.

Always be objective when you're in front of your charts and your PnL. Review your plan and not what you are feeling right now.

The price has reached around $30800 and it seems that it will continue to rise, on many social media many believe that the market will recover soon, of course this is a good opportunity to buy more so that we can get big profits in a short time, don't panic if sometimes the price drops , but when it goes down then buying more is better.

Actually bitcoin is simply following its own trend like it has made in the other halving phase. So, I expect that Bitcoin will range between 30k and 40k during this year, and maybe next year we'll see something of cool. Also

don't forget that we should see how the real economy goes, if things doesn't go well how can Bitcoin raise?

Which basically means, the market will do whatever it wants to do regardless of how you feel. It only see your orders and positions, not your expectations. So you have to be very smart on your investments. Not an emotional gambler.
629  Economy / Trading Discussion / Re: Twitter will enable crypto and stock trading via eToro partnership on: April 16, 2023, 01:09:42 PM
As the title says, Twitter partnered with eToro and starting tomorrow (April 14th) users will be able to trade crypto and stocks directly on the platform.

Twitter users will soon be able to trade stocks, crypto, and other assets directly via the social media platform, thanks to a partnership with eToro. According to a CNBC report, the new feature will roll out on the Twitter application on Thursday, April 14.

It is interesting to note that Twitter’s owner, Elon Musk, began his quest to acquire the social media platform on April 14, 2022. A year later he is rolling out one of the biggest updates in the platform’s history. Twitter currently has a “cashtag” feature that allows users to view real-time trading data from various platforms. However, with the Twitter-eToro partnership, the “cashtag” feature will expand to include more instruments and asset classes, including trading crypto. The social media platform will also have a “View on eToro” button, which will take users to the eToro site.

eToro CEO, Yoni Assia told CNBC that they see a lot of their users interacting on Twitter and educating themselves about the market. Assia further added that Twitter has high-quality, real-time content about financial happenings around the world. Assia stated,

“This partnership will enable us to reach those new audiences [and] connect better the brands of Twitter and eToro.”

now it's easier to take other people's advice, trade it and lose money.
I believe Twitter now is gearing up on a different course than its original purpose.

Regardless if it's true or would truly happen, only use the platforms that are beneficial to you. If you want a reliable news, use platforms releasing reliable news. If you just need a platform to trade, just use a platform for trading.

Twitter needs to first control spammers, bots, scammers and it's security. There have been in the past & present of scammers able to influence trends using bots. Just imagine what will happen when someone uses this new feature. Accounts getting hacked is something which is very common. Genuine accounts getting banned is also an issue. Spamming & trolling is a common on it.


I think it is too early to implement a trading feature like this. You never know suddenly Elon might tweet that Dogecoin is the official currency of Twitter after this trading feature gets activated.

This means a bullish stance for Doge because it has another utility. But only if this happens.
630  Economy / Economics / Re: Scarcity and scale of preference on: April 16, 2023, 01:00:54 PM
The resources needed to satisfy all the want of human being are said not to be enough compared to all the want of humans we have many want we would like to satisfy at any given point in time which we may not be able to meet up with due to economic problems scales of preference simple is setting our needs inorder of priority.

I would suggest that you read Think and grow rich by Napoleon Hill or The Science of Getting Rich. There is an unlimited resource. All begins in man's mind.

If every nation does a scale of preference ranking the needs and wants, prioritizing the necessities and which are not then every people will wrestle because every government or authority will take the power to distribute the needs and resources. Though resources are limited to the planet, ideas aren't.  Scarcity is true, but there would be another or new way of thinking to overcome that.

Not to get too far to the opt of OP, economic problems just require economic solutions. There is no lack of resource, only lack of ideas.

I do not think that this saying is correct. When our requirements were primitive, man discovered wood, which was burned to obtain fire and the beginning of energy. After the needs increased, coal appeared, including steam locomotives and internal combustion engines. Then oil appeared and the aviation industry developed. Therefore, when human needs increase, resources develop in return. necessary to cover these needs.

I remember 100 years ago, people did not know about oil, and even when it appeared, they were not aware of this wealth, so the next wealth may be close or even outside the planet. Wink

To be exact, there is more exploration outside the planet than what is inside the core. Which means just imagine what else can we discover. I just wish it is not another virus.
631  Economy / Gambling discussion / Re: About football betting on: April 16, 2023, 12:50:00 PM
Correct me if I am wrong

I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.


It's the spontaneity and uncertainty of the outcome which excites and makes every gambler to bet more. It's the constant release of dopamine that is addictive that any person would continuously look for once tasted as good.

Well of course you're right. It exists not only in football but also in other sports such as basketball, boxing, or ufc fights. The only intervention there is to find an edge on which one to bet is actually the quality of players and performance of which team you are taking. Other than that, more concern is when there is an inside anomaly or internal arrangement. This happens when a certain player was being paid to throw and loses the game intentionally. Sometimes it is the referee who calls wrong and untrue violations intentionally to the opposite team.

It's a sports betting, all are most depends on the outcome of the game.
632  Economy / Economics / Re: How do feels losing money? on: April 15, 2023, 12:36:36 PM
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

That basically means that you put money into an investment that you aren't willing to lose. It is an unwritten rule that once you put a money, you should accept the full risk. If it's not, you're likely to hurt yourself if it turns out not in your favor.

For now, forgive yourself. Do not defeat. Losing money doesn't ill you is it? Don't lose the lesson from which you lose a lot! Get over it and move forward. The next time you take risk you will be stronger. It's normal. What's not normal is to not try again. Be that person who fails 7 times but still get up at 8th times.

Time is your ally. That too shall pass. Next time you are winning.


I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

Nobody feels good when they lose money especially when the amount involve is huge. It is normal that you feel bad and if you happen to be scammed, it is more difficult to get over. In your case, it appears you invested in a ponzi . Always be suspicious when the business you plan to invest in is promising mouth watering benefit than usual. There are different of such kind of business that people are expressing regret. Also when you are investing in cryptocurrency, don't focus on cheap price but go for coins that have been successful over the years like bitcoin.
yeah that's right. Everyone will certainly experience sadness and regret that is quite heavy when they have to lose money due to being deceived or because of other things. But we must take lessons from the events that have occurred. so be more careful in the future. and we also need to study the types of fraud that are frequent these days. Ponzi schemes and pyramid schemes are types of fraud that have been trending for a long time. but unfortunately there are still many who are deceived by this type of fraud. This happens due to the lack of knowledge and education about it.

Agreed. Better be equipped with the necessary information next time. You don't need a degree. You just need to be responsible investor/ risk taker. It is your fund and you must be accountable of it. Preserve it. Raise it. Because you can.
633  Economy / Trading Discussion / Re: Market is seasonal on: April 15, 2023, 12:17:22 PM
Last month my trade was great, I make some dooh but this month is cashloss experiment. I don't really understand the mystical magic behind the technological process of this trading as if someone or something is regulating the system. The system dash you small cash this week and collect big cash from you next week. Is not sweet to bear big loss than gain,  and this things happens anytime the market looks like bitcoin wants to boom.

I see that there is no complete expert trader, at a point everyone experience loss both robots. That's means the market is kind of seasonal, it can favor you today and hit you tomorrow.

but the bottom line is, after those series of trades, after weeks of trading, after months of trading, after quarters and years of data, the method you are using must have a positive result. That is your edge. Doesn't matter if you're winning or losing near term but knowing that in a series of trades you have a positive net result will give you a greater sense of confidence trading and through that you will trust your system more.

With those data over your personal seasonal tendency, simply optimize your trading. Less trades or derisk on months that you are not trading exceptionally and risk more and add more position on time that the market favors your strategy or system.

If you expect the market to behave exactly the way you want it, sorry but you will never be able to get that. There are multiple reasons why a market behaves in a certain way, and behaviours tend to change over time, just like how a human cannot always stay happy or sad, the market cannot always keep going up or constantly go down.

That is the reason why it is called unpredictable. And of course, everyone has to suffer from losses, no trader can claim that they have never had to face a loss in cryptocurrency trading, especially if they were not experts as every expert was once a beginner.

Because losing is a normal part of the game trading. It is a flat tire on your road trip. Only a stumbling block. But as long as you have your account trading, you can get that back. You can earn it again if you simply follow your plan and not be reactive to your emotions. When the marketplace is in the right conditions, not consolidating sideways but true movement higher or lower, a true excitement and volatility.  If you have discipline and a rigid plan, you will have the opportunity of reaping the rewards of being a patient risk management and a trader.
634  Economy / Trading Discussion / Re: What's your most preferred Bitcoin investment strategy right now? on: April 15, 2023, 12:04:22 PM

3. Trading Bitcoin:
I included this as one investment strategy because one would have to have invested some funds in Bitcoin, before it could be used in whatever format one deems fit for the best profit taking at the time. One way besides the others aforementioned for short term gain is to be a merchant trader. However, gains or losses from trading may be affected by the market volatility.


Getting involved in the market day in and day out. This is simply trading the daily volatility that is also why it is called day trading. Emotions and one's psychology is crucial part of this strategy because every time you're in front of charts, you are responsible to create high-quality decisions. Be objective, analytical, and not based on emotions.

One should really be thinking in probabilities. Actively get in front of charts and would demand a level of understanding. That is why trading for a living is like any profession to master. It would take years, many failures and trial and errors. This is the game I want to play. This is the way to make easy money, the hardest way because it requires self-mastery and one's methodology.
635  Economy / Speculation / Re: I missed the bottom or i have time to invest on: April 15, 2023, 11:49:16 AM

here we can see clearly the bitcoin price has crossed the 200 ma and successfully retested and now it's up , according to technical it seems bullish and begining of bullmarket,
I am thinking to invest in bitcoin for 6month or a year, is it good price to invest ? i will make profit from this point?
or is it possible for price to go low then this?
and i DCA or just invest all at once and why?
and please suggest some potential altcoins which have possibility to outperform this bull market please share your personnel though don't just share  some random shitcoins
and what is your experience in past halving ?
is it beginning of bull market?







I want to be brutally honest with you, if your time horizon is half a year to full year, you're not investing, you are position trading. And the fact that  you're asking for an advice to where to put your money simply reflects you not being accountable for your own decision.

Please protect your own capital. The fastest thing that could happen in the market is losing your money.
The best price to invest is the price you analyzed yourself. If you can't understand where the price could go right now, then better preserve your capital until there is a clear direction going higher or lower.
DCA will do only if you have 3-7 years of time horizon investing. Put it all at once if you are sure of the risk.
For potential Altcoins, do your own research with this website I would suggest messari.io, do not rely on what the next guy. Only trust your own analsys, otherwise you're gambling.

When it is the beginning of bull run, you will know. It will be obvious that you won't need to ask.
Please do not think only of the money you can make. Always consider the money that you could lose. Invest smart. Be smart in the next bull run.
636  Economy / Economics / Re: Why Banks are called as Manipulator tool of Investors 2 Control us not our Money on: April 15, 2023, 11:33:20 AM
what is mateix?ok i know what it is, mostly i have seen the videos of how people make a video, with secrecy music tune and they will make such anxious looking moves in the video like they are saving themselves from someone and they will say, we are the ones who manages all the un-necassary things to control your life such as

1. House Schemes
2. Sports cars
3. Fashion Industry
4. Plasma TVs

ok, if they made these things which they didn't because every mentioned item has its own history. let's just say, they were created as mentioned in their respected histories and then controled by investors.

because every new technology needs investors.

so to understand how banks can manage those things?

first we need to understand how investors can control them? i think maybe because they have share in the company and the one with more share, and more money is the one with more governance and control so they can convince companies and project makers to deploy such schemes such as TVs, Sports cars races, fashion contest and housing schemes.

Ok now investors need a system to flow there money via *banks* Which means banks is the main component of all centralization, capitilism and flow of money.

Then why people like Andrew Tate are kept saying to leave the matrix and come to reality. are we really in some kind of matrix. what is the important of this matrix. like we should consider the pros and cons of each over if matrix do exists

The main question is if there is. a. matrix then why it is present? what's the real need of it. how it benefits those big investors that controls banks. Ok lets say it keep the people busy just like the "roman games" (from insta video) why people are to kept busy and why not.

i find no error in doing work because that's how we will revolutionize in technology. and can acheive more success and easiness in our world.

wait wait. Easiness like IOT has provided us as an tech ology. and collecting our data so that they can make such decisions to sell more things to us. But why? maybe to earn money. but if they have already money to invest in first hand then why not saving it for future why doing such immoral works?

so are u saying these works are immoral?

overall my question is why banks are being accused as matrix and the investors are the ones behind all this?


banks are not the matrix. the whole system is, I believe. Banks are considered a part of the system because you can easily control people by the use of money (greed/ fear), and no institution can control and circulate money other than central banks.  Investors are behind all this for a simple reasons, that their large funds, means billions of dollars kept on banks. Once they put in or out, it would cause a large gap or fluctuations in price. One more thing. The money that doesn't exist but you can use. The all known generational debt. It is all controllable by the banks.
637  Bitcoin / Bitcoin Discussion / Re: how can we know that a wallet is lost on: April 14, 2023, 11:54:52 AM
there are many threads and news about people losing access to their wallets and forgetting or seed phrases,
and it's better for scarcity of bitcoin,  but how can we know or speculate that the wallet is lost, and it is out of the supply? is there any platform where we can find lost wallets, if no, then it's a good idea to start a website and list every lost wallets.


Since BTC has no central regulator, then of course there is also no central data that would provide there is no accurate way to keep track of this information. You can have an information probably through analysis of the blockchain and public data through blockchain.com or coinmarketCap.com but still, that won't make any sense. This won't ensure if it is truly lost based on its latest transactions.

Lost wallets or ledgers. I agree, scarcity is what creates its value. So protect yours.
638  Economy / Speculation / Re: What is your take on the pump coming? on: April 14, 2023, 11:43:36 AM
I sense that very soon the pump will start to shame all those folks who feel btc is failed project. We are expecting the bullish price to pump 60k straight up even against all odds. Those who are well position for the market can see the evidence this night is already 30k plus. I can only believe that bitcoin will do better than ever, though not withstanding we should invest wisely while waiting the pump.

If my plans works out am ready to buy more and store! But what's your take on the pump? Do you see it coming or am just doing illusion?
Let's hear from you.

You will surely see it. But not yet. That's what you call risk in the market. If you're already accumulating positions and long, you won't lose any if you fearfully sell at a loss. I would say that hold your faith and convictions firmly that BTC is  not a failed project and will soon be at 60K so you won't get induce by selling in fear. But only sell at a positive gains until your target price has benn met.

We are expecting the bullish price to pump 60k straight up even against all odds.
This is why most people fails especially on trading thinking it's just an elevator up. I'd say we can see some chops along the road to 60k, it will not be just an easy way up. I wouldn't doubt if we could see a retracement again at $28k or $25k before hitting all time highs this year or the coming years. Again, it will have some rocky roads just like what Bitcoin did in the pasts.

Agreed, price must find rebalancing before taking another high in the market. It won't get there straight up. There would be stumbling blocks. There would be investors taking profits and retails selling positions which create retracement in the market. In any case, it will go up. Only patience pays.
639  Bitcoin / Bitcoin Discussion / Re: Bitcoin Bear Market on: April 14, 2023, 11:21:35 AM
A bear market can be a frustrating time for bitcoin entrepreneurs mostly, but those who are able to adapt and navigate the market conditions can still be successful, meanwhile. A bear market can make it even more unpredictable, increased competition and lower profit margins for existing bitcoin entrepreneurs.
I think there're more problems facing bitcoin entrepreneur in a bear market that I don't even know about as a Newbie.

You can do three things to maximize your gains while in bearish market condition.
1. Enter futures, takes greater risk but the rewards are higher. With this you could be a seller by taking contracts positions. You have to use leverage the right way. It isa double edge sword and your account will lose if you don't use this correctly.
2. Buy and Hold, you dollar cost average. NOT sell at a loss but only with positive gains above where youre above buying price is.
3. Trade the small movement of price going higher. You will see it, there's a small retracement higher in bear market but absolutely difficult and frustrating to time. or
simply don't engage at all. it's a bear market, everything is at high risk, preserve your capital and plan the coming bull market instead.
After all, if you're  ALL IN in BTC you don't need to worry about bear market, we're now more likely to be at the bull side.
640  Economy / Speculation / Re: Bitcoin 2023, Bullish or Bearish? on: April 14, 2023, 11:06:35 AM
Like the title says, this year 2023, are you bullish or bearish on bitcoin and why? I would love to hear why. I personally believe this is a bear market rally or something similar.  Kiss Kiss Kiss Cheesy Cheesy Cheesy

If you're unsure if it's likely to go lower "bearish" or higher "bullish", then we are more inclined to be at a consolidation. Find the most recent swing from the highest high and the lowest low, tendencies are we are at the middle of that range. When price is at the middle, it builds liquidity for both sides of the market until it creates excitement to push it higher.

The thing is, if price remain stagnant, or build within the framework of unclear between hope and fear. Remain on the sideline. Wait for the true movement and then engage. Use those times to analyze and plan your trades and investments. There's no need to worry about, BTC is only up when the market conditions comes right and inlined.
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