Quote from: UNIVERSE on November 21, 2024, 11:36:28 PM

Quote from: $crypto$ on November 21, 2024, 02:28:10 PM

Holding in the long term does have a lower risk than day trading, because we only need to hold and even when it goes down we can add load and accumulate coins in our wallet.

This cannot happen in day trading, because when you get a loss, you will lose at that time, especially when the capital we bring is only a small amount. We all know that this is a very big risk.

It depends on the coins we are holding. If we hold new coins or shitcooins, it is very risky to hold for a long term. But if we hold Bitcoin or Ethereum, it is quite safe to hold for a long term. So, we don't fully believe that a long term holding is less of risks.

Sure, trading is riskier because the price can change faster. If we target to get profits daily and we trade risky coins, trading is surely very challenging. But if we trade top coins, I think it will be not so risky. We can hold the coin if we can't get the profits at that day. 

Actually I also refer to coins that are already very trusted, especially bitcoin. But I did not mention specifically which coins we should hold and can be profitable.

For example, in meme coins, meme coins tend not to be able to rise again after experiencing a very deep decline. only a few meme coins can rise, so clearly we cannot do it to all coins, especially those are meme coins.

Big alts do rise while their season is at the helm, but we are not at that stage yet.
So I do agree that in order to be sure if the coin would potentially pump in the future, proper analysis should be applied.

Quote from: Charles-Tim on November 21, 2024, 08:01:01 PM

He is resigning on 20th of January.

https://cointelegraph.com/news/sec-chair-gary-gensler-step-down

He posted it on Twitter also:

https://x.com/GaryGensler/status/1859658192298574096?t=ASyu98y-qeg2s1WvL7Lb-Q&s=19

Thanks I didn't know about it.

That is good news for crypto, specially for altcoins (probably solana will be the next ETF?)

SOL Etf is getting closer than. Trump will probably try to bring crypto industry to the united states, which is also amazing for the whole ecossystem.

Solana ETF is very bullish.
Then the ATH of SOL will skyrocket soon even more than now.

Hmm I don't think this is any way possible. Like how would one come about making that sum is the person an ambassador that's not a small amount bro it cannot happen. Not even a 1000 dollar. If I see any crypto currency that advertises that airdrop all I would do is just watch but won't participate in it.

Prepare a farm - and you may be the one to achieve such a goal.
I do think that with the right tools, funding, and other factors - it's possible, albeit still pretty hard due to how currently things are done.

Quote from: Gurujebs on November 21, 2024, 04:40:46 PM

Quote from: JISAN on November 19, 2024, 12:01:50 PM

Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto

Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.

Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.

Each country has the authority over what will be done in their country and the rules that are made clearly have been well-thought-out with the aim of the country and society not being harmed later. You are right, China has banned crypto mining and any transactions in crypto and anyone who violates it will definitely be punished according to the rules made.
In my opinion, there will not be many countries that ban bitcoin because there are more benefits to the country and its people than the harm it causes.

Big countries would do it simply because they wouldn't benefit from BTC that much (in their minds) and they would love to regulate it and all that is tied up to BTC.
Smaller ones see the potential in it so they allow things with BTC, also because they see BTC as the means for some problems of theirs to be resolved or helped with.

Quote from: debra on November 21, 2024, 11:49:51 PM

Quote from: Gurujebs on November 21, 2024, 05:09:07 PM

Bitcoin is also volatile in nature but it doesn't display it madness like the altcoins because having more diamonds hands that are strong minded investors unlike the altcoins that people do play with around anytime and the existence of teams around altcoins kills it growth, most often makes useless decisions that affect the growth of the project.

Indeed, Bitcoin is also volatile. But Bitcoin will be always in the priority of crypto users. So, Bitcoin will be always popular among crypto users. That's why the price of Bitcoin never drops so much as altcoins. Bitcoin always has good demand in the market. It makes its market caps always increasing high, it is always in the top of CMC. Meanwhile in altcoins, some altcoins can be dead coins because the developers dissapear and the projects stopped suddenly. This never happens in Bitcoin.

I think bitcoin will always be the best for investment until now, but because the price is very expensive, many people have difficulty buying in units. You are right if you compare bitcoin with altcoins. Of course, the comparison is very distant, because bitcoin is able to maintain its price well and is always, in the best ranking rank, but not with altcoins, because many are unable to survive and eventually disappear from the exchange.

As it was said - you can get BTC anyway, because it would still be BTC, $10 or more, it wouldn't really be a problem of the future profit you would make, but rather the scale of it.
So don't look at the price of BTC as something bad or too big - just do it and have your slice of the pie for yourself.

Quote from: gunhell16 on November 20, 2024, 10:56:33 AM

That's how the game is in the trading activity cycle, there are winners and losers, often the losers. Especially for other traders whose goal is to make money immediately from trading even though they don't have enough knowledge.

That's why the long-term holders really benefit the most, and sometimes these holders also poke and prod. Even if they sell a little because of the rally that occurred, they will for sure buy back in the end.

Holding in the long term does have a lower risk than day trading, because we only need to hold and even when it goes down we can add load and accumulate coins in our wallet.

This cannot happen in day trading, because when you get a loss, you will lose at that time, especially when the capital we bring is only a small amount. We all know that this is a very big risk.

That's why we should manage the risks properly.
Otherwise, our depos and funds are in a big danger.

Quote from: Agbe on November 20, 2024, 07:03:54 PM

I think it all boils down to the investor or trader involved because when there is upward increase in price in the market the common thing that is being expected from the part of the trader is to sell and make profit from previous crypto assets but one can still buy more crypto asserts and still hold on to it because the price might still move up higher as time goes so it all depends on the investor involved because if you study the market trends you can make good dicision that will bring profit to your investment

You are right, it all depends on the traders and investors involved in the crypto market. There are traders who immediately sell their coins when they have made the targeted profit and there are those who still hold them because according to their analysis the price can go up higher. It all depends on each person's plan, strategy and prediction. If you have strong intuition and analysis, you can sell at the highest point of the coin's price increase, that is the best achievement of a trader, because predictions are not always accurate, but for those who are experienced and have strong analysis, they can make predictions that are close to accurate.

I agree.
Expertise and patience bring it all to the table - and even a bit more.
So in order to make the most out of the current sentiment, a trader/investor should hone the skills you mentioned, and he will most likely get a good PNL in the end.

Quote from: TomPluz on October 30, 2024, 05:25:14 AM

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Now, the answer can be that "Bitcoin dominance is on the rise, altcoins struggle to gain momentum. As long as Bitcoin remains the central focus, the likelihood of altcoins delivering significant returns remains low." Of course, we are sure that alts time is coming though it is not yet there, for now.

Do you agree with this assessment or do you have your own explanation for this dilemma?

Yep, I agree with it.

Based on how I understand it, it's simply most of the investors right now are focusing more on Bitcoin that's why we are seeing a huge spike in the price of it, and when the time comes where investors already feel that it might reached its peak then they will sell their Bitcoins and then divert their focus into altcoins hence, the altcoin season starts. I don't know if this is the case during the bull run, but we are seeing it currently.

We are seeing a spike towards the Bitcoin's price, but altcoins are still struggling to go up with the exception of the few top coins. I expect that in the next weeks, altcoins will start to go up as well.

When BTC stops in its tracks and the rally for it stops because of the big, biggg correction when it finally reached the biggest of its heights - we can expect alts to be more lucrative due to people changing their targets onto them.
That's how I see it, so I do agree too.