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101  Economy / Trading Discussion / Re: How to start trading on the crypto exchange? on: May 10, 2021, 08:56:51 AM
In trading at first you need to know that there is risk involved, not just thinking about profits also think of what you could loose as well, know the risk involved and applying risk management will help you so much in this crypto space, then also make research on which exchange is good for newbies like you which is user friendly, create an account then fund the account, remember risk management trade with what you can afford to loose very important, after funding get to learn how to place trades on that exchange you register and always wait for prices to get down before buying. Lastly technical analysis you could be trading while learning technical analysis.
102  Economy / Trading Discussion / Re: How do you define a good exchange? on: May 10, 2021, 08:40:24 AM
There are actually so many exchanges existing in the crypto space already, the successful ones are the ones which got the features of what the crypto users wants. Tho people's choice varies you know, but at first everyone would love an exchange with an easy user interface especially the newbies, secondly! Security,  everyone wants an exchange which is very secured because no one would wants to loose his or her funds to hackers and this is why so many people in the crypto space prefers a decentralized finance, lastly I think people in crypto space doesn't like KYC because there like being anonymous.
103  Economy / Trading Discussion / Re: HOW IMPORTANT IS STOP LOSS on: May 10, 2021, 08:22:27 AM
Stop loss is really very essential for mostly day traders and for sure futures trade because it's way too risky and also stop loss could really be essential if you aren't there to watch the trades, stop loss would help you to cut your losses and take you out of the market when you aren't there to execute the trade so it helps you to reduce further losses when the market prices moves in the opposite direction. Well I think a day or short term trader who trades without stop loss must be there to watch his trades or else that person is really taking a risk which might cut him badly.
104  Economy / Trading Discussion / Re: Cryptocurrency, now a fast rising trend! on: May 10, 2021, 08:09:55 AM
Yes you are really very correct! The amount of capital used for a trade matters alot, someone can't just own a fraction of coin and be feeling rich already, no it doesn't work that way, it's clearly seen that the rich get richer in crypto while the ones with the little capital got little opportunity to make it big because using a small capital and the coin prices rised by 50% and for someone who used $50 will be making an extra $25 which making his portfolio a total of $75 which is still small, but for someone who use $5k will be having an extra profit of $2.5k making it a total of $7.5k which is way too big already.
105  Economy / Trading Discussion / Re: Is Scalping even viable in Cryptocurrencies? on: May 06, 2021, 05:33:55 PM
Well I think day traders are mainly scalpers because there don't stay long in the market, there jump in make some profit and there are out, to scalp you need knowledge of technical analysis so as to know when to jump in and out and also too be much more profitable you need a large capital so any slight movement fetches you a good profit, on scalping you need to be present watching the price movements so as to be able to execute trades as well but for me I prefer swing trade to scalping, because scalping requires time and focus and me on the other hand got a lot of things to do.
106  Bitcoin / Bitcoin Discussion / Re: Bitcoin scammers have a hard time with grammar on: May 06, 2021, 05:17:33 PM
So bad! With how bad their grammer is there still Brian wash newbies in crypto and get rid of their funds, take a look at their system looks so real, and the strategies there use is so convincing that it takes only a crypto enthusiast or someone who is been long in crypto to notice this isn't real, you know the people there scam won't concentrate on their grammer even if it's noticeable there might just take it as a typo error. No doubt this guys are smart and always has a new strategy to use if the former one has been casted
107  Bitcoin / Bitcoin Discussion / Re: Crypto kings and queens: Who are they? on: May 06, 2021, 05:06:09 PM
First of all thanks to Satoshi Nakamoto because without him there would have been no crypto in the world and no one knows how things would have been without crypto because in the world today a large number of people depends on crypto for survival and most lives has been changed through crypto. Secondly thanks to all those great men and woman who contributed to the growth of crypto because without them crypto wouldn't have been this successful gaining much more interest in the world, their effort did a lot and helped cryptocurrencies to get to this point, for me I would always remain thankful because am no longer broke because of crypto.
108  Bitcoin / Bitcoin Discussion / Re: I was not wrong to bought bitcoin. on: May 06, 2021, 04:54:11 PM
Congratulations for taking a bold step to buy at that point and if you haven't sold your bitcoin till this time then you must have made enough profit, the year seems to remain bullish and the target is $100k for bitcoin which means we would continue seeing new highs after a retrace in prices. When i said bold step! truly it is a bold step, no doubt at that price many was thinking bitcoin has reach the top and might dump, many refused buying but now see where prices has fled to. You took a risk and it paid you as well kudos.
109  Bitcoin / Bitcoin Discussion / Re: Investing in bitcoins for future kids on: May 06, 2021, 04:45:01 PM
Investing in bitcoin for kids is a good idea, since it's for kids I guess it's for long term! When I mean long term I mean years. Bitcoin is just like an asset, buying and keeping for kids you are actually adding value to the kids life because if you keep buying portions of bitcoin and saving them for the kids before that kid will be a youth or teenager the bitcoin you must have been saving must have amount to something depending on what you have been saving and how far the market price have gone, and believe that kid life will never remain the same because surely he or she would be rich.
110  Economy / Trading Discussion / Re: simple technique of selling high and buying low. on: May 05, 2021, 06:04:16 PM
Buying low and selling high is actually a profitable technique of trading which is very easy that even a newbie in trading can follow this process and be profitable as well, but most people sees it so difficult to follow this strategy because some times there might miss out buying the deep in fear of price going deeper, well the little technique I used when I was new to trading was buying every deep and selling when prices goes up, all I do is trade support and resistance and at a point it worked for me, if prices must have moved so high I look for the last support and set my buy order close to it, some times it might take days for the order to fulfill but believe it turns out fetching profit for me.
111  Bitcoin / Bitcoin Discussion / Re: Sold my first Bitcoin and am happy on: May 05, 2021, 05:56:11 PM
Three years! This shows you are really a long term hodler, and this has actually paid you off buying bitcoin at 2018 prices was really down compared to the prices we have now, I guess u must have been 20× richer than you were three years ago, this is the power of investing in the right asset and also having patience. You know patience is one of the key factor of being successful in this crypto space, imagine the profit you must have made so far for just buying and hodling. Crypto is the future it has wiped away poverty from most axis of the world.
112  Bitcoin / Bitcoin Discussion / Re: Has the world become greedier since BTC? on: May 05, 2021, 05:43:59 PM
It's true human can't get satisfied, everyone wants to be rich and the rich ones want to get richer, well bitcoin has made things more easier and the bull run which is ongoing has made so many people rich already! there is no doubt about it, well it's certain that not everyone will be successful because some people don't just have plans for their selves, outside the crypto space most people waste a lot of money which can be used for something useful forgetting about how tomorrow might be, on the other hand greed is what most traders can't just get rid of, you see someone who made enough profit in a particular trade but wouldn't want to close such trade, looking for more profit till the trade turns against them and there close at lose.
113  Bitcoin / Bitcoin Discussion / Re: chances of bank closing account if you buy bitcoin on: May 05, 2021, 05:10:26 PM
It depends on your location and the rules guiding that region, if you are in a country which is against bitcoin and warns individuals not to indulge in bitcoin or crypto related activities, then you get credited and the description bears the name bitcoin or bitcoin attached to it surely your account will be blocked immediately tho there might not take your money but at same time you can't make use of it untill you go to the  bank to explain urself and believe there are questions you will surely need to answer and if you are not lucky enough you might face a penalty for violating the rules.
114  Economy / Trading Discussion / Re: help on buy rise or buy fall on: May 05, 2021, 04:34:21 PM
I don't really get your question, like I can't understand what you actually meant. Well if your question was about how to take up trades and where to take up trade, I would advice you first all learn the basis because from your questions it seems your new, you can actually make use of Binance exchange to place your trade, most people prefers using the binance exchange app for trading because it has a fair user interface which means it's very easy to access. As a newbie you should learn first how to place a trade on an exchange.
115  Economy / Trading Discussion / Re: your worst mistake on: May 05, 2021, 04:16:45 PM
When i newly joined trading I made mistakes ignorantly which later cost me loosing so much, I jumped into trading with leverages without proper knowledge of risk management. For futures trade risk management is very much important, so bad I learnt about this the hard way, without risk management one can loose all he got within a short period of time, when my account was liquidated I was left with nothing in my portfolio, I felt so depressed but then I learnt my lesson, we shouldn't always think of how much we could gain but we should always think of how much we could loose as well.
116  Other / Archival / Re: Everyone is following the same strategy on: May 05, 2021, 03:17:31 PM
Actually not everyone uses the same strategy, tho the rule of the market is to buy low and sell high, but the fact is not everyone looks at the market same way at a particular time, Most standard traders uses technical analysis while some people just wait for a fall and boom there jump in because the rule is to buy low, and on the other hand there are people who will just jump in at any point regardless of the present market price, this set of people are just actually gambling with their funds thinking there are trading. This actually shows not everyone uses same strategy to trade.
117  Economy / Trading Discussion / Re: Do you run when you fail or loose in a trade? on: May 05, 2021, 03:00:06 PM
This is actually what happens frequently in crypto, people jump into trading when there hear testimonies of other people and eventually  looses all there got to trading which now makes them feel depressed and some even fall sick, but so bad not everyone take it as a challenge which there should face and come back to trading and sort out the reason for the lose, people give up so easily. When I was new to crypto trade I traded and got liquidated, I almost fell sick and stayed away for months and  came back to trading and still get liquidated but this time I took it up as a challenge and said since the market can take from me! I can also take back from the market which led me to making researches and met a boss who taught me of risk management, ever since I never remain the same, am now a successful trader making up profits from most of my trades, this is the power of knowledge and also not giving up.
118  Economy / Trading Discussion / Re: You could die from trading. on: May 05, 2021, 02:47:19 PM
Trading can be very risky and can cause hypertension or cause health issues to those who are too emotional, like I always say trading without knowledge of technical analysis is just like gambling and will always cause disaster to one's health due to much thinking. This is more reason while risk management should always be applied to prevent great lose, we shouldn't trade without stop loss if we aren't there to watch the trade, and after a hectic day always try to rest and relax to cool of the stress.
119  Economy / Trading Discussion / Re: HOW MANY PEOPLE % DOES REALLY SUCCEED ON CRYPTOCURRENCY on: May 05, 2021, 01:56:03 PM
Well there is no statistics stating the amount of people who succeeded or failed in cryptocurrency, if actually you really want to see testimonies of people who succeeded you can always check on Twitter most people do post how much there get from investing most people do post their lost as well but for me I think there is really no need for that, then talking about successful project you can always make researches, there are many projects which became very successful after launching their bounties here, so you can always make your researches if you come across any project because it will really help u a lot instead of checking for statistics.
120  Economy / Trading Discussion / Re: Trading futures without knowledge of chart patterns, is gambling not trading on: May 03, 2021, 11:35:49 PM
You are right dear friend, most people gamble with thier funds in crypto and thinks there are actually trading, it isn't called a trade when you don't even know when to enter or leave the market, entering at any point can lead to lose of funds because the market might move in the opposite direction, we will do ourslves more good if we learn more about crypto trading, not just learning how to execute trade but how to analyze trade also. Technical analysis is so important and let me say necessary in this sector, to be a successful trader u need technical analysis so much because it helps you to predict the market to an extent.
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