I think there is no such a game where the pure luck is only the matter, we still need gambling skill and strategy in every types of game in order for us to have high chance of winning. If we will just playing and we are basing our decisions in pure luck then it will lead to huge losses. I want to say that knowledge and skills are also important because we are the only one who can create our own luck.
Of course luck alone is not enough to drive us to victory. We also need to do something, gain experience, aquire more skills and have strategies. I cannot remove the fact that gambling is all about luck but we shouldn't not only rely on it because those skills you have the experiences you have will help you to increase your chance of winning. But there are many games in gambling in which you just need to learn them and after that all of the game depend on luck. Just like a lottery. When you like to participate in a lottery then you will ask from a person to tell you that how to participate in lottery and they will teach you but after that not that person and neither your skills will help you to win the lottery but only your luck can make you win. While there are other games like sports betting you can win with your skills. |
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many don't like the altcoin pump group, almost the same as the ponzi scheme, those who benefit most from this are group owners or admins, while those who were late in receiving information from the group did not turn a profit, they suffered heavy losses.
Yep, that's right, they're actually just looking for their own benefit. because not necessarily all who are in 1 group get a profit. many of those who are tempted are newcomers who expect to get instant profits. most pump groups only provide FOMO info while they have bought at the cheap prices That's how the whales are making money and it always been like that, FOMO people will be their target and even the experienced traders is also able tricked to their bull trap because sometimes they're not just pumping random coins, but coins with many people's analysis that gonna pump, they pump it so it looks like a real bull run but then they will dump it again In this condition the better solution is that whenever we invest in a coin then we do not ask the help from a single person/trader or a group of traders from a single community. We have to do our overall research and have to see that how the developers of a project are working. We have to look at their past activities that if they have scammed anyone in the past or not. If they are proceeding with full faith and trust them invest in that project which will benefit you. |
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Do you ever trade at work or trade on your work computer? Any reason why you think this might be a terrible idea?
I don't like trading at work because my boss often check your work. Moreover, i cannot focus on 2 things at the same time, so the result will not be good. That is the thing which I want to explain here. The owner of the company or the boss of the company want you to work for him in his timing for that many will keep a check on you which will disturb you and you may lose in your trading. There are some people who are saying that their boss do not keep a check on them which is because they have trust on you and when they found you working even for yourself in their timing then they will start to keep a check on you. |
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The reason is that many people here discuss about bitcoin and altcoins and explain everything about it while they forget to tell that it is the part of blockchain and they often do not explain about the blockchain technology. I try myself to tell people about everything related to bitcoin. We all have to do like that. We have to take the start from bitcoin as it is money and it will attract people and then continue to go to blockchain explanation |
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Yes, China controls over 60% of the bitcoin hash rate. If they disconnect the network, then this will affect Bitcoin.
It is not the government of China which have control on that hash rate but it is the population of China who have that much miners and they will never leave mining as it is made to profit the miners so why will a person end up his best source of income. I will suggest all other people of the world that if they want that their country also have a large number of hash rate then invite all of the citizens of your country to start mining bitcoin. |
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Why not, OP?
Don't let it be just a "feeling" and start finding a job already. You might not want to spend one-third of your life just staring at the computer.
You need something to enjoy at and relax. You should be earning while enjoying life at the same time.
You are also right but it do not mean that if a person is a good trader then he have to find even another job as that trader is a good trader because of his full time research and observation about the market so if he will diverge his focus then he will not be able to gain the profit like he was, the better option for a full time trader is to do trade full time and try to find pleasure in his trade and save some time to spend with family members to get some rest of mind. |
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i personally just can't trade until i spend a long time all day, because that will only make us panic because a sudden drop is very likely to happen, so what is usually done is to make a sell order according to the profit we want at least, even though targets cannot be achieved in a day and we must be ready to be more patient
I like your strategy but if we talk about the current year then I do not think that we have to make a sell order as this is the year of halving in which it is sure that the whole year the price of bitcoin will rise. In this year we may see some drops but that will not be longer drops and will not be to too bottom while in the long term the price of bitcoin will always rise. |
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boredom is in every work , I just go out of my house in weekend for some cool spots and chill I never even carry my mobile or laptop just relax in weekend , we are human being any work repeated for several months and we fell bored so change your routine and do trading with fun , maintain your health go to gym interact with people in gym and clubs enjoy what you are doing
Anyone can agree that any business will bore you if you will do it continuously but some people like to earn money for them earning money and doing their business is the best entertainment out of all others so they do not get bored while they do their business to earn money the same people are also in crypto trading and they do trade the whole day and when they earn in trade then they feel pleasure. |
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Hello traders!
I would like to know how you started trading? Any interesting articles,
videos or guides that you found helpful before you started?
Can you share your opinions and experiences please?
I've been started trading a small amount like 50$ i choose those coins that i know that every hour can go up and down its called short trading. So my 50$ become a 200$ in 4 days so its been good experienced because in a short day i got profits 150$. Until now i do short trading and im happy for the result. Because every week i got profit in trading You have a great experience which encouraged you a lot anyone will get encouraged when they will get profit at their first start. I also took my start with such a smaller amount and my first exchange of trade was yobit where I got some profit which made my portfolio 3 to 4 times increased after that I started on another exchange and continued there in the start my experience was good but then the market dumped and I lost some amount there. Nowadays I am again doing trade on yobit. |
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I don't think it was ever easy, maybe just the opportunities were better.
Making any kind of profit isn't easy and doesn't come without efforts. It's very important to set realistic goals according to your possibilities and capabilities and to have enough patience. Success and profit don't come over night.
Skilled and experienced traders stil can make very nice profit but that takes constant dedication to the market.
While getting profits in any market is never easy I think he has a point, it was easier to obtain profits back in the day whether you were a trader or an investor, just to give you an example there was a time in which faucets gave one bitcoin, which means that a person that did faucets back in those days and it is still holding those coins today will probably be incredibly rich by just investing a few hours of his time, and we know that is impossible right now. At that days faucets were giving one bitcoin for a single claim as at that time the price of one bitcoin was in pennies and now increased but as we know that these faucets are still give in pennies and we also know that the price of these satoshis will one day be much higher as we saw the price of one bitcoin increasing so if you want to be like those early claimers try to be the faucet claimer now and wait for a ten years |
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To be honest, automated trading bots are only good for managing your portfolio's while you are away or you don't have any time to trade, but trading bots will definitely will not help you to make a successful trade, that is why it is still better if you just trade by yourself because it is still an effecient way for you to make a huge profit.
I have discussed this matter with a number of traders who are doing trade with bots and according to them with bots they are feeling well at normal times and are also making some money with the help of bot trade but sometimes a sudden high change in price make a trouble for these bots as they cannot think that why a change occurred and if the time is not to invest there the bot often invest. |
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I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.
I wonder what a situation like this may cause to the crypto market.
When there is war then people withdraw their money from stock market or any asset which will be affected by the war and as bitcoin is a decentralized and digital currency which mean that it is much safe from any war so everyone will invest their money in bitcoin and the price of bitcoin will increase so if any war take place then do not worry about your investments in crypto and is you have money in any other asset then better to transfer them to bitcoin. |
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fulltime traders can do trading in home without disturbance , not all can do this many go to work and trade which is bad for trading but there is no other choice I was doing trading while in office for couple of years There is nothing wrong in giving a buy order when you expect that there will be a correction and you do not really need to glue on the trading platform to see the movement quite regularly, there are many applications in the market that will alert you if the market reaches a certain valuation and then you can make your decision according to that, yes i do have my trading inputs during my working hours too. That is correct but only if a person want to do a long term trade because in long term trade we buy coins when get a signal and then we do our daily routine work and when we get the sell signal or we see that the price is now high enough to sell then we get online and sell our coins and then start our routine work. That things are okay and can be done easily when we are in office but if we do day trades and do buy and sell instantly to grab some profit in the rally then it will be a stressed trade and we may do a wrong decision in that condition. |
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It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Trading by the news is for novices. Professional traders follows market trends and apply the necessary approaches to trade profitability. And these novices drop the price when they hear the news and then say that they were correct and the news dropped the price and they reduced their lose if they will not follow the news and will just hold according to the chart then they will not face any lose because after the news and their dump the price again start to rise and they miss the price on which they sold and then they buy again at a higher price. |
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~snip~
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
the right step for me is to cutlose when I open a wrong position, and return to buy it when the price has gone down. that way I can minimize losses, rather than having to hold back and prices continue to fall which can make me a headache. price reduction has become a bitch that can make people stressed. It’s natural mate people get stress when they are their investment lose value and getting down in price so in this matter we should act wisely and don’t panic. It’s the wrong way of trading. A good trader must know if price falls it’s time to hold and if you have money try to keep holding as much as possible as the cut loss is not good for everyone. But the problem here is that everyone have invested in bitcoin and they all are trading without have much knowledge that is why they do not know that what is the time for what action. A good trader never ever face any issue in his trade and he know well that how to face which direction of the price. It will be more better that all other people ho are not expert in trade have to hold for longer time they will get their profit in long term. |
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What will happen if crypto vanishes overnight or due to some or the other reason if crypto becomes inaccessible to public? I know this does not make sense as crypto will not vanish but still what if it happens? What about those huge chunk of investments made by whales and other investors?
Will this ever happen? this is because this same question can equally be put this way. What if there is no more internet again? will this ever happen? my answer is NO but if eventually happens all the investors and people who are holding crypto currency inform of their wealth will all lose their money and they will have no option other than to start a new investment. basically the probability of this happening is 0%. however, people, today use crypto like money, and it's very difficult to see it disappear overnight. Even though it needs some obstacles, and others, but even like that, crypto is still quite difficult to disappear. only one thing makes this possible, namely the loss of the internet, people will certainly panic, but the internet will always be there, even today many people depend on the internet. From that question of OP I have got an idea to my mind that in some countries the internet is from a specific country so if in that country from where they get the internet any issue take place because of which their internet connection is disrupted then the internet can be stopped to the countries. In that case they will lose access to their crypto currencies but will get access again when it is provided again or the connection got from any other country. In my countries sometimes the connection line is disconnected but we have mobile internet which do not let us disconnect from internet that facility now do not let anyone to disconnect from internet in all around the world. |
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Do you ever trade at work or trade on your work computer? Any reason why you think this might be a terrible idea?
Why not! I have enough time at office so that i can easily trade on my work place. On the other hand i have no restrictions about using internet and personal work. I just open 2 browser when one is my personal work and another is official work. So keep going  But trade is a field in which you will need full attention and a total peace of mind so that you will not do any wrong decision while doing trade. While at the work place you will have to give time to any task given any time so at that time if you have opened a trade when you get a sudden task then you will not be able to manage and you may lose there. |
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USA dollar weakining coz of war
So what is Next currency to use?
Its a euro?
And what is the safe asset?
I Think its not Gold and its not Property either
If USA will involve in war then not only USD but other currencies of other nations which are involved in USA with trade will also see a fall in value so do not worry in this case as we are seeing bitcoin price rising which means that people this time are going to convert their money to bitcoin which seems to be a the best option this time because bitcoin is a decentralized currency and is not connected with the economy of a single country or a group of countries but people from all around the world are supporting it and it will not fall in price on this occasion. |
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The fear of merchants come in.
Everyone wants to hoard more bitcoin.
Everyone just aant to trade it to make more money.
The promise to being a currency is all gone.
How can they enter the industry if no one really want to buy something out of fear that bitcoin price may grow more.
Yes, it will but there is a need for consumer too.
No that is not the actual case everyone know that the price of bitcoin will rise so if a person have only the source of income in crypto then what will he do to eat and wear? Will not he need money to buy that? He has crypto as a currency so if he will buy in fiat or crypto in both case he will use that crypto which he get from his source of income. The consumers are there but they have to choose to use crypto instead to fiat. If he will choose fiat then he will sell that cryptocurrency and if he will choose to buy with cryptocurrency then he will not need to sell but will use directly. In using the crypto directly he have the benefit to save the exchanging fees and the other benefit is that it is possible that the merchant he went to is a holder and he do not sell that crypto on exchanges which will save the price to drop on exchanges. |
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I think "traders" are a broad term and that depends on what you mean by traders. The long term ones that have bitcoin for the past few years may not be looking to spend their money as much as people who are mid term that buy bitcoins for like less than a year but not daily, daily ones are probably don't hold bitcoin long enough to even have the chance to spend it.
So, there are many different people who we can call traders which reflects on how they approach to bitcoin in general, I personally think that people who hold bitcoin longer than 3 months but less than 1 year are the biggest spenders, people who hold it less than a week are the least spenders and in the middle are the people who hold it over one year, that is my idea tho and I have no data backing this up so maybe I could be wrong.
In terms of withdrawal or selling bitcoins your point of view is correct that no one deny here but for living everyone need money and if any trader have to support their family members then they withdraw while if we talk about spending bitcoin then there are some traders who spent enough time in the crypto world and they know where bitcoin is accepted and where not so they do not withdraw or sell their coins but they use directly their bitcoins to buy goods and food etc for their family members. |
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