There is a recent addition in most exchanges and that is stop loss capabilities. Do you think this will improve trading experience and ensure one remain profitable on the long run? What is your thought about this?
well, sometimes there is no use of stop loss. especially when you don't use margin trading |
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I am interested in making money with cryptos in short term as well for that I choose crypto trading with the capital of $1000-$2000.(If I am getting my desired profits then I will do this with huge capital amount)
There are different kind of trading and different time frame to make profits as well right,I am looking for monthly basis profits with 10-20% profits for a cycle.So what kind of trading I have to do now
1.Day trading or short term trading?
2.Crypto to crypto or crypto to fiat trading?
you can start short term trading of anything that fluctuates. choose major coins, check daily news and use simplest technical analysis: trend, support&resistance |
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My first trade began with a very small amount: it was 1000 Satoshi, bought a token and immediately set the price more expensive, as I bought, I bought again, so further, and I managed to reach 20 000 Satoshi in one evening, and it seemed to me interesting.
yup, almost all of us start with a tiny transaction, even airdrop tokens =) |
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HOLDING is actually one of the most terrible idea especially if you dont study the project so well i remember holding almost 500$ and then turning into actually nothing at the end of the day with the devs complaining and blaming the bearish market so just know what to actually Hodl
Business is not all about making money all the time. You have to loose money to learn and then make it again to the peak. So those people who cannot go with trading would never make money in trading and would always have to wait for the bull run to make profits which is not every day happening. Eventually these kinds of people either have to enter the trading or leave the market for the pursuit of benefits in other assets. in general you are correct - trading is about gaining experience by making profits, losses and conclusions after all of that. trader should be ready to losses but in practice it is difficult to get used to lose money =) |
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you should buy it when the price is at the bottom. when you make a profit, you have to pocket the money.. In fact it is very easy to win on the market. but you should check your feelings. If you are not patient, And if you get greed, you'll probably be lost.
Greed wise we have no loss, we have loss when we feel panic. Patience wise you are right, we must maintain our mind and patienter ourself then we feel comfortably in trading. But when we get profit then automatically we feel comfort. But every time we can't make profit from trading. It is risky but it is better than others ways, I mean crypto trading is more than better than other earning ways, only need we should strong our mind and do every trade with information wise, then it will be comfortably for us. well, there is a point.. once you lose - you feel uncomfortable but you should realize that trading is also a loss from time to time. so, nothing uncomfortable here, it is just the way trading exists. |
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Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
well, one mustn't go such straight forward. just keep it in the middle, some moderate trading. make it a hobby which takes 1-1.5 hours a day, use stop loss and take profit. |
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Please share your resources for learning to trade bitcoin on a daily basis: news feed, technical analysis, price action... Thx!
feed - any news website (combine 3-4) coinmarketcap - checkj volumes of trading technical analysis - use trend and support&resistance (learn more here: https://www.b2bx.exchange/ru/education/trading-basics/technical-analysis/) the same is for price action - wait till price hits support or resistance and do your job. |
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Will there truly be another bearish market in July?  sure it could be. try to avoid holding risks - learn how to trade. that could bring you much more. that can actually bring you much more than nothing (profits of holding) |
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In my personal experience (2018-2019), holding is the worst thing. Some coins that seemed promising to me lost almost 50-80 percent of its value.
right, if you have some suspicios coins - then bearish market could be the last option to get rid of it. in case coin project doesn't evolve |
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the cryptocurrency evolution has changed my lifestyle. i am now an addict.
imagine my routine life daily:
Coinmarketcap.com
Binance.com /kucoin.com
coingecko.com
cryptocompare.com.
And finally, Airdrops and telegram group.
Please pray for me. I need serious deliverance.
yup, especially when it comes to airdrops =) we all pray for your mind health =) |
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Most of us that come into cryptocurrencies trading have this in mind that when bitcoin is in bearish trend we are loosing money and that is why we are seeing thread of loses in this bearish market. Few know that you can trade usd/bitcoin and make money in this bearish trend all you just need to do is change your analysis from what you are used to to what is happening now and you will make money.
The market fell but opened up opportunities for investors to seize opportunities. I always hold USDT and wait for the market to drop by 5% - 7% I will start buying Bitcoin because I know this is the Bitcoin limit achieved. Just wait for it to grow again and sell it you will earn a profit with the bear market. well, that shounds like a strategy to try. |
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 This is just a normal 1month chart of Bitcoin. No indicators are being used. I’ve been trading for almost 2years now and I can say, I can now trade by just looking at the chart without using any indicators, i don’t know why I was able to do this but I think this is normal after reading a lot of books, watching youtube tutorials about trading and so many failed trades. This post is not to bragged anyone, this is meant to inspire people not to give up on trading or not to depend to anyone. If you really want to know more about trading, then you should take more effort. I didn’t learn trading overnight it took me almost 2years before I can confidently trade. Always start with a small step and in time, you can also trade without using any indicators. right, that what is called Experience  still, I guess you combine it with news |
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What is this old thread?  Everybody knows Binance is the go-to place for altcoins. It has the largest trading volume of all altcoin-inclusive exchanges. Bittrex is what? Number 30 something? I guess the answer is not that obvious... |
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Recently, taking into account the downtrend of the crypto-currency market, margin trading has become popular. What is the first thing you should pay attention to in this area? What materials should be studied before starting?
Margin trading is quite simple and easy to understand. However, a trader must get used to x times higher volatility of their open positions. It also raises capital requirements for the trading compared to a non-margin trading. well, getting used is a simple thing, though sometimes it can bite you in the... you know where. |
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I know this may sound somehow impossible for some, but really, to be successful in trading, you need to have the mind of a machine. Now, you cannot have this if you do not have a strategy and you cannot have a strategy if you do not take your time to learn.
Let me explain myself better, for instance, when using trading robots, you input your strategy, and they do it better because there is no emotion attached to it, except that they just do exactly what they are programmed to do. You cannot do well without a strategy and you cannot do well too when you keep changing strategies over and over again.
Learn, get a strategy, build on it, and then trade it like a pro. It is imperative that you get to see trading as a profession, which would always make you to see yourself having to let your strategy play out than letting your emotions rule you, which I believe most new traders are guilty of.
What makes you even better than a machine is the fact that you can think, you can fine tune your strategy with experience you keep gaining over time, but when it comes to never letting your emotions come before your strategy, you need to be like a trading machine.
sure, emotions can drive away all our efforts at a single moment. developing a strategy is a hard thing but anyway one creates it as time passes by. |
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What to do now when things get worse every day, only hold will help us? Who is trying to survive in such a market? Your advice, friends!
holding is not a way out. try to trade. learn how to trade. yes, it will take more time. yes, you may have losses. but it will bring your profits when you master it. and you can carry on trading. |
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Hi I have question to you guys. I really need some money (about 100k$) and i'm tired of hodling btc.  I found something like cryptoassets backed loans platforms. Do you have any expirience with any of these company? Any reviews? nexo.io coinloan.io mycred.io heliolending.com saltlending.com blockfi.com lendingblock.com btcpop.co bitbond.com celsius.network unchained-capital.com Thanks! unfortunately many of such projects are not trust-worthy. I would recommend you to learn trading on your own. yes, it will take more time. yes, you may have losses. but it will bring your profits when you master it. and you can carry on trading. |
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Have you ever wondered that trading can be bad for your health? The first problem you can have is - eyes problems. Spending more time in front of your computer can be harmful to your eyes. The second - stress. Stress can cause many problems from high blood pressure to depression. Here is my story... This summer I went to a doctor with some health problems - I had an awful headache. Just to make picture clear - my headache was with me for 15-20 hours per day. So we did some tests showed that I had extremely high blood pressure. “That’s odd” - I thought. I eat healthy food and I do sports. I was confused. But the doctor said that it can happen because of stress. So I went to a psychologist to deal with this issue. We were talking about my life and interests. And I told her I trade… I believe I don’t need to continue this story lol Since I trade a lot (I do. I could even tell this is an addiction). The doctor suggested me not to trade for about a week. That was impossible for me, but I tried. It was hard. It was more than hard. But in a couple of weeks, my headache disappeared. I still trade but not as much as I used to. Now I practice blockchain games because it’s less stressful. Do I feel myself better? Yes. In July it was so painful so I thought that I will die. Now I don’t feel pain at all. Conclusion: I know it’s all individual. Some people trade days and night and they feel pretty good. I just told you my story with my experience. I don’t pursue anyone to stop trading. It’s just important for me to warn some people who can have the same problems. UPD #1 I've noticed a lot of questions about blockchain games. Here is my games list on product hunt https://www.producthunt.com/@house_lama/collections/blockchain-gamesUPD #2 There is a good blockchain shooter War Field. it’s 100% not scam so I can send it here. you can read details about this game here (I don’t send direct link to their website not to make them advertisement) https://gameunculus.io/blog/96well, your case is like an addiction to trading. you don't trade to earn money for something but you trade just because you want to enjoy the process I guess. try the following thing: set a goal for your trading like you want to buy something, let's say a new tv or something like that. so your trading goal is a price of that TV. try to reach that goal during a monthm then buy that TV. just make a goal for your trading and set time period. you will enjoy trading and you will keep in mind that you just earn money by doing thing you like. nothing more |
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Loosing in trading should not make us to be panic but of a truth panic sometimes do save us from unnessary loses. This market is one that we can only succeed if we learned how to trade through experience and much loses.
yes, losing is a part of trading. you should remember that anyway trading is a number of positive and negative deals. you can not trade positive all the way. |
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Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)
Also I want to invest 200$ in crypto right now so you can suggest me something for that too.
PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.
you can trade it to BTC or ETH. to major coins |
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