I am a crypto holder, I am loyal to DCA and hold crypto for 1-2 years, however I am still interested in regular trading, especially learning technical analysis methods to predict market fluctuations.. Normally, I code strategies on TradingView to backtest, but gradually I feel that backtesting is very boring and does not create much emotion in the market, so I look for Demo Accounts on TradingView. I tried Binance's Mock Trading but didn't really like it because it required me to use my phone regularly to buy/sell. I often use a computer to work with TradingView so Paper Trade feature is the most suitable choice for me.

Demo Account has both advantages (No risk, Self-analysis, No stress, Practice, Confidence, Statistics) and disadvantages (Slippage, Commissions, Psychology, Adjustment)^[1]. Experiences with Demo Account help me learn a lot of things such as managing trading time, choosing the right time frame, and most importantly, managing psychology. Demo Account also gives me more motivation to monitor market fluctuations every week, helping me understand the psychology of other investors in the market and communicate with them more effectively.

After all, Demo Account helps me to be better prepared in both knowledge and psychology in the process of holding crypto and waiting for the distribution zone in 2025. Many professional traders I know also maintain Demo Account to continuously practice with many markets. I think every trader should use a Demo Account to practice their skills and psychology before officially entering the market with real money.

Have you been using Demo Account? On which platform do you use Demo Account? Do you think Demo Account is important for your investment journey?

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[1] 6 advantages and 4 disadvantages of a demo account

I have voted for $41k - $50k because I believe that it is more likely to happen. The recent pump took BTC to $50.3k but it was unable to cross the $51k mark and now it is lurking around $48/49k. I think BTC will drop down a bit more before the halving. My theory is (this is a theory, not actual analysis) that the whales are trying to create momentum in the market and making people believe that the bull market is here. In reality, they will sell when more people will invest and drop the market to a point where they can accumulate more BTC at a lower price.

This is not impossible and by the looks of it, I think this is exactly what is happening in the market. If we stick to this, then it is likely that BTC will stay in the range to $41k to $50k. This is just a theory so I am not sure myself. I will just keep on HODLing.

Quote from: Geey on February 13, 2024, 02:49:36 PM

you have to be careful with a website that gives coins for free and even gets them easily, most of them now have a lot of manipulation and there are also websites that ask for your wallet address... please avoid all of them, friends, I'm worried if you do that, I'm afraid your personal wallet will be hacked. and your balance will be lost without our knowledge, so be careful with freebies.
It's better for you not to do all that, my advice is if you are looking for easy money, but remember everything we have to try. You can take part in the social media bounty campaign and sign on this forum.

Thanks buddy! Nevertheless, I don't just jump in on every and any events. I mostly take part in events hosted by exchanges. I'm also weary of any event that requires me to put in my personal details. I don't participate.

Quote from: I-Bit on February 09, 2024, 11:59:21 PM

It was not $47k but it increased above $48k today. I am so happy that Bitcoin can increase again gradually after it dropped to $42k -$43k, it lasted for few weeks. I think we may see the Bitcoin price to try crossing $50k very soon. I hope what was happening in January 11, will happen again in this month (February 11). At that date, the price of Bitcoin could reach a new high rate. I expect the new high rate will be above $50k.

 Yes, the scheme may be same again. If Bitcoin can increase above $50k, I think it may drop again around $44k - $45k. But it won't be a long time because we will have Bitcoin halving schedule in the near future.

No matter if Bitcoin will drop again ,it's just correction. I agree with you Bitcoin will drop again around $ 45K. But it will increase again. Because bitcoin will touch new ATH next year. So, It's too long to wait.
But keep hold, because many investors predicted Bitcoin will have New ATH around $ 150K. It's fantastic, if will happens.

I don't hold altcoins. The only altcoin I have held for 2 years now is Shiba . And I didn't intentionally hold it. It is just that it crashed on me and I have been holding it right from the last bull run and I am currently in almost -80% losses. I cannot seem at lose and I just keep holding till the next bull run if something miraculous can happen.

The only altcoins that have the capacity to be held for long time is Ethereum and BNB. Others are yet to prove themselves.