Quote from: JoyMarsha on September 19, 2024, 11:42:08 PM

Quote from: Smcchamp on June 23, 2024, 07:45:21 AM

Hi forum mates. Good morning..BTC hasn't really performed to expectations since halving and right now we've been experience downtrend for a while. For experts here. When can be experience a reversal to the uptrend. And what do you think is the cause of this negative price action we've been seeing since June Started?

I don't think this is the right time to complain about the drop in Bitcoin price; rather, it should be time to think of accumulating more Bitcoin to your portfolio because one thing that I am sure of is that Bitcoin will not be at the same price it is now by next year. However, take a chill pill and focus less on the Bitcoin price because the green candlelight will show itself soon. By then, we will all be happy about it.

Bitcoin has experienced a price increase, the current price of bitcoin is $ 63,475. I see many altcoins that have started to climb in price, hopefully the price of bitcoin will soon touch $ 70K and I am also ready for the worst case scenario if there is another correction I will buy some potential coins because I have prepared USD in my wallet to buy coins that are likely to have good movements in the future. I want to add solana, BNB and TON to my wallet, I just have to wait for the next correction.

Bitcoin price is back down to $62K, dude. So the USD you prepared can be used to buy potential coins when the market drops below $60K, this is not a bad prayer but it seems like the crypto market is still having trouble going up maybe there is no better news, because yesterday we heard Trump made a transaction with bitcoin making the price of bitcoin go up, but now it seems like bitcoin is back down.

This is also the reason why I tried to learn trading in the past. Unfortunately, trading really isn't for me hence, I lost 3x.

Back when I was a newbie, I also tried to join to these signals on Telegram, and yes they're giving signals, but they're giving it to us after the coin has been pumped already. They want us to further pump the token for them to maximize the profit. They want us to get FOMOed for their sake. After I saw that it will not work on me, I left the group and tried to learn it myself. In general, I'm not saying that these crypto signals are fake, but most of them are either not reliable at all, or they're just milking you, attracting you, but in the end, you will not get the profits that you want.

Like what you said, it would be better to just learn trading by yourself. Learn through your experience and from there, make some adjustments with your strategies. It's hard to learn trading and you need a lot of capital, but it's worth especially if you're making money already.

I have some apps that give signals I attempted to follow one of their signals, it is effective if you have a stop-loss and are not greedy but the majority of the signals generated by the app are less successful than those that can be obtained by applying technical analysis, and the majority of the signals encourage you to hold onto your position even when the profit is negative.

And honestly, we are giving them idea where our position is. As a retail trader, you should be aware of traders or companies that engage in stop-loss/position hunting. If you reveal your stop-loss or position to them, you should expect someone to take you down by manipulating the market, which will cause temporary volatility. If you do not have management risk, you will be liquidated.

So you shouldn't follow signals if you don't want to be one of those who are trapped by these signals, medium or big trading groups/companies always looking for ways to take down retail traders. They are the ones that I think created those signals.

Quote from: Mr. Magkaisa on September 20, 2024, 03:54:34 PM

- If those who enter the field of crypto business with zero knowledge, I also think it is better that they have another source of income, because it will be difficult for them to start here without a source of income, especially if they only live with their relatives. or parents at the moment.

Even if someone has good knowledge in crypto, it is better that he still has main source of income in the real life. We can't rely on crypto jobs because we don't always get profits. Sometimes we can get losses because of many reasons. It is not only about the knowledge factor, the losses can be obtained because of the change in crypto market.  Crypto market condition is quite difficult to predict, sometimes it can turn to bear market very quickly.

As you wrote, we must have a main income besides investing in crypto, this is true because the crypto market is very volatile as we see. So if we have a job in the real world, it remains a priority because our living needs and family must always be met. I read a member's comment that said crypto is other income. I agree with this because we must have a fixed income from the real world.

Quote from: Dr.Bitcoin_Strange on September 17, 2024, 09:29:47 PM

Quote from: satpol_PP on September 17, 2024, 08:57:05 PM

Actually we don't need to think too much about the Chinese government, because we don't know what they think and don't or what they do, China could be preparing its own crypto project that we don't know about. We should always focus on our investment in crypto and seek profit from the funds we invest. Because bitcoin is banned there and the reality is that bitcoin still survives, getting more expensive and more popular today.

I doubt if they actually have any intention to create their own crypto project but if they do, they might not have lot of citizens investing into the coins unless they will have to force citizens to invest in the coin or they make it a legal tender. If they can not allow Bitcoin, then any other coin or token they intend to build will not thrive because most people draw the motivation of investing in crypto from Bitcoin.

Are you sure they won't be able to hold it?
Imagine it, a coin held and associated with China itself, I don't think that nobody would invest in it besides the China citizens themselves.
Though, of course, it wouldn't surpass Bitcoin in terms of stability, there I would agree with you.

Well it depends on the token’s performance in the long run, if token gains popularity amongst the Chinese, I believe other countries or people from other places might also indicate interest to invest in the project. I mean it’ll certainly be a huge project you know, because I believe that’ll be very first crypto project that China would be developing and they’ll certainly give it their best and this may be the main reason why people would indicate interest to join the project.

Binance is losing trust because investors are losing money on bad tokens. Warnings are not enough Binance should only allow good tokens. They should prioritize user safety over making money.

Any business is concerned about making profits and everything else is secondary for them so users are the one needs to be responsible for choosing their tokens for trading and they are not forcing people to buy new tokens its the users who get crazy hyped when they see a new token listed on Binance and went all it. Because no matter how good the token is in terms of utility it will get dumped from the early investors to make their profits so it's hard for every potential project to revive from that situation.