Quote from: EthereumDev_ on March 21, 2024, 10:26:54 PM

It seems that the prediction you gave is quite correct because currently the price of bitcoin has recovered, although it is a gradual process, at least all cryptocurrencies are also experiencing the impact, many altcoins are also recovering their prices, bitcoin's journey to reach the price of $100k is still long and it is not easy to get it.

Looking at this moment, of course $100k will be very close and could be achieved within the next 2 or 3 months. I'm quite confident about this, because halving and ETFs are really the best triggers at the moment. The price of Bitcoin returning to the $70k level proves that market sentiment towards Bitcoin is still very strong. I want to make sure that this halving really makes Bitcoin bullrun.

Keep holding your Bitcoin and wait for the next few months, we should welcome a bullish moment in the near future.

I also think we need to wait for the next few months. Bitcoin price could be achieved 90-100K. But what happens next? That's the question...

I think the risks involved in a new project are normal and what you have to understand is not to be too greedy in getting into altcoins so that you will remain alert because you already know the risks that have the potential to harm you.

I am more interested in newly created blockchain projects so that I can find out how much cryptocurrency technology has developed.

Newly created blockchain projects are very risky. Yes, these projects are related to new technologies, but there are a lot of scammers in this area.

If the government wanted to ban cryptocurrency, it would have done it a long time ago, when this field of activity was just in its infancy. Then it would be much easier and faster to do this. But now, when it has already fully formed and become a part of people’s lives, no one will be able to completely ban crypto. Also, even the Governments of many countries keep a large part of their money in cryptocurrency. And they will not saw the branch they are sitting on.

It is estimated that Satoshi owns about 1M BTC ~ $72B right now, worthy of the 22nd position on Forbes' billionaire rankings^[1].

Elon Musk currently owns about $193.5B. For 1M BTC to be worth more than $193.5B, 1BTC would need to reach $193.5K - a feasible number in this cycle. We will wait for the price increase of BTC and Satoshi's popularity in the list of billionaires.

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[1] Forbes: The real-time billionaires list

I remember how some analysts predicted a price of 1 million for Bitcoin. And if you imagine that this will ever come true, Satoshi will overtake Musk very much)).

You will not know it though if you haven't that experience. So for me, you have to go on certain phases here before you understand how the market works and take it in our favorite. You can't just go and invest from the beginner and says I want to be a long term. It's possible if you have a mentor or something that you will guide you.

But at least in my case, when I joined, I don't know what bull run is, and so I just sell whenever I make profits. And then looking back if I just hold on my precious Bitcoins, I could have make a huge profit just in 2017 alone. And with that in the next cycle I have a clear path on what to do and that is to become a Bitcoin holder.

Partial sales can be used. That is, when your analysis shows that the price can and does reverse, you can sell part of the coins, and the remaining part, after further growth, will bring greater profit. Although here you still need to look at when and at what price you bought bitcoins. And if it was a long time ago and at a very low price, then there will be less fear and anxiety to continue to keep this coin in purchases. But the big fear is often when a person bought a cryptocurrency at the maximum of its growth and it immediately begins to fall in price, then only one thought appears: how to sell it without losses, without thinking about profit.

Of course, not everyone succeeds in cryptocurrency. Here, first of all, you need to be an investor and the investor must be able to wait. For example, once a friend of mine bought a cryptocurrency at a fairly low price and when it rose sharply and quickly, he sold it and made good money at that time. But if he had known how to wait and held on longer, he would already be a millionaire, instead of earning only a few thousand dollars. He was very worried about this, but he was afraid to buy at a high price. He never got involved with cryptocurrency again.

Why it is not the right way to buy when crypto price is decreasing?
I think we must buy crypto coins when they are declining. What signal do you mean? I don't think we must rely on the signal given by other people. We must do our own analysis to buy potential coins. Don't buy coins because we only trust with the signal given by other people.

Where did you see in my post that I talked about the signal from other people?? I said that you need to wait for a signal from a trading strategy, a personal trading strategy. I am a trader and I think from this point of view. I don’t need other people’s signals to determine entry points into my trades. The entry points are shown to me by my trading strategy, its rules and conditions that are formed at some point in time for the purchase or sale of an asset. I buy or sell based on its. That’s why I say that there is no point in buying when the price simply falls. It may continue to fall for a long time. But when the strategy and my analysis show signs of a price stop and conditions for buying, only then do I buy with a minimum drawdown.

As they say: buy rumors, sell facts. It often happens that there are some positive rumors about the growth of some cryptocurrency. And the price is really rising. But when these rumors are actually confirmed, the price stops or may even correct. This happened when there were rumors about the decision on a Bitcoin ETF, it was growing well then, and when this news officially came out, Bitcoin corrected well. Therefore, news often influences the market before it is released.