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I think that this whole idea actually makes somewhat sense in a way, because if you think about it if you do anything in this world in order to gain something you need to make some sacrifices, if you want to make money you have to give money, if you want to learn you have to give time, if you want to to do anything you need to give something in return in some shape or form, but keep in minds they we have something a resource that we need to manage is time, because we don't know how much we got and therefore we need to manage it to the best we can.
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Hello everyone,
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
The thing with bitcoin and crypto trading is that you have to be dynamic and adapt to the market, the volatility of it forces us to constantly switch our strategies and try every way to maximize our profits and minimize the losses, and i am actually pretty surprised that your strategy didn't fall off 3 years ago and you stuck with it, but if it worked yoiu should take that strategy and improve on it see what worked and what is not working and add on it. |
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I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.
I mean the capital actually plays a big role into how you start trading and how you get yours skills, i mean if you have a low capital you will be forced into trading altcoins and small currencies which could lead you into making a lot of trades in order to make profit which comes at a greater loss, but if you have some good capital you could be trading the big boys like bitcoin and Ethereum where you could make hundreds of dollars is just a few trades, never the less in both cases you should always be trying demo accounts before starting with your money. |
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I don't really think there will be any country that is going to be declaring the use of bitcoin as it is main method, any time soon, because they will all be looking at how will affect the economy of elsalvador, and even if they do i don't think that they will be buying any bitcoin just to use it for storing, they will probably let people just use the bitcoin freely.
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I think that by leagalize i mean that they mean that they will be putting some laws around it , whether that is to implement some taxes or some form of limitation in order to get in on the hype of the cryptocurrency, not that even matters because i am sure that like any other country where the haven't made any law about the cryptocurrency things are always working in the shadows, and nobody cares.
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Dear friends, there are people among us who have very serious knowledge and experience about cryptography and cryptocurrencies. Let's set up an online system and create a network together where they can share their experiences and knowledge as a teacher. I think it can be done inside Bitcointalk. In this way, we can create the sparks that will carry the world to better places with the synthesis of different ideas as we all develop. In this way, we can explain to the world that cryptocurrency systems are not just financial instruments.
I feel like if you want to learn about crypto and its industry you can find plenty of information's on a lot of websites and the internet has become overflooded wit that info, but in terms of experiences and to see how people are thinking or type of decisions they are making i think the bitcointalk is plenty enough to do so, topics about different news and new updated are always found in the front pages of the different section where you can talk and read other people's thoughts and opinions. |
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I think that the short answer would be money, people from all ages whether big or small and from all layers of the society look at the cryptocurrency industry that has been growing at an insane rate that made many major CEOs to put their money in it, and this multibillion dollar market industry that was created not so long ago, is the land of opurtounites and the get rich quick method for a lot of people.
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The stop loss feature is made with some probelms for a reason and the zero loss idea does not exist, otherwise all the exchanges would be closed right now , because that is how they make their money, there are a lot of way that you can set up a stop moss in a way that you get the most profit if the price rebounds and minimize the loses if the price goes the other way around, it is really that simple and only requires you to know the limits of the market.
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I remember when i tried to convince my friend and my parents to investing some money in bitcoin and in crypto they all laughed at me and said that i am just thrwoing my money into the wind and that i will never make anything of it, but a couple of years after they saw how i was able to get so good hard Chash and they were impressed and some of my friend kept asking me for advice on how to invest and where to invest and they are now caring the same thing to their friends, and by that i mean don't be afraid to give some advice even if they laugh at you first.
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A discussion to express your views and perspectives on the future economic fear between two class of people in the society, the rich and the poor.
-I have often heard that there's an even greater fear with getting money, who do you think has more fear about the future?
(A) The Rich man who has tasted the good things of life and enjoying the best, now he has to face the fear of the possibility of suddenly loosing all he possesses and becoming poor? Or
(B) The poor man who has not enjoyed anything in life yet, just surviving and facing the fear of an unknown future, thinking if he is ever going to be in a better position or the suffering is going to continue?
Well obviously the poor are always going be afraid more the the rich people, because even if the rich people suffer some huge losses they will always be able to get by, because one would assume that they own a house and other things that poor people don't. and the poor if they get hit they get hit hard either they would have no money to eat and they would have to sell the house and live on the street. |
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To be honest the only things that i can recommend you invest in right now are either bitcoin or NFTS, bitcoin is always going to be a safe option even if you think that a small 100$ is not enough than you would be wrong it will grow slowly and the more you put in to it the better, NFTS right now are a hot topic and everyone is going crazy about them, but i am sure that they are just a mere trend that will slowly fade out, but there is still for money to be made with it until than that you can try your luck in.
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I mean this could be either a coincidence where someone has stumbled upon his long lost wallet in an old hardrive that he forgot about, or it could also somehow related to satoshi himself and these are some funds that he had hidden away, and now was the time for him to use it, but we can't really tell for sure and with this amount related to one individual i am pretty sure that they will be under the radar.
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I men inflation is not a new thing, we have been facing this problem from the dawn of the use of fiat, and every time we are faced with an economic problem the government tend to have one solution and that is printing more and more fiat, and the pandemic and the ravage that have caused for the health and the economic sector are still being processed today, so i actually feel like that using bitcoin as a store of value until the dust have staled and this inflation starts slowing down is the best option right now.
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I don't think that bitcoin is good enough to be used on its own as a main currency for a country, because there are a lot of problems concerning the microtransactions that are worth for 10 dollars or below, where you want to buy a snack you have to pay have of it as fees, and there transactions take some time to be verified, sure it seems right now fine but when the network gets crowded with transactions things start getting bad. so that is why i feel like bitcoin should be used as a secondary payment method.
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Question
The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?
Here are my thoughts
A valuable store of value and medium of exchange, gold has been around for five thousand years.
Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.
How do you feel about this?
You have to take into account that gold has existed for thousands of years as a store of value, and people having been buying and selling it and there has been a limited supply and there are literally no factors that could affect its price heavily, not like bitcoin that is fairly new and it is quite volatile and has a lot of factors related to its price, and has a lot of potential to grow, but the question is what will happen when the supply reachs its end and there are no more bitcoin being mined, will it have the same price, keep going up, or people will lose interest in it. |
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Today Morning, One Thing came in my mind. BTC is really an amazing concept not only for the rich people while the for poor also, because no one can control the price of btc. For example, at 2017 -2018 if you are invested in btc then right now you can collect a huge amount to use like in education , in health, in your family or your future plan.
Indeed, the fact that the price right now is high and the fact that there are many of people that are investing in it and there is a huge marketcap for it makes it highly decentralized and can't be controlled by some whales that can pump and dump the price whenever they want, like the other coin that are existing right now, so like you said bitcoin has the perfect balance of keeping the rich richer and give opportunity to poor people to improve their situation. |
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I think that the fact that PayPal has started yo allow people to buy bitcoin in the us a couple of months ago and now they have decided to launch that option in the uk, shows that they are going to be launching this option to a more worldwide option, and this is obviously a good thing because it will make people know more about it and use more. |
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In my country Someone bought a BMW Car by scamming in crypto transections and Police arrested him and told that the guy was a cheater and he was a crypto scammer.And this case is now the most viral topic.This incident shocked the whole country and also the Central bank authority about how he got this huge money and this incident put a bad impact in crypto.
I think Digital Currency like Crypto isn't getting much popularity because of these Scammers.They are one of the most strong reason why Government's aren't showing interest on Crypto Transections.
Its not like fiat money has a shortage of scammers, scamming money laundering or other types of illegal activities have been present since the dawn of civilizations and this won't change with or without bitcoin, its just now scammers are using the anonymity of the transactions thinking that they can hide their tracks, and i think that the media is only talking about the bad usage of bitcoin and never talking about the good ones. |
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What will be the price of bitcoin in the coming years as the price of Bitcoin goes down? The current price of the British ranges from 41 thousand to 50 thousand. Bitcoin was the highest price of 48-50 thousand. The bitcoin that everyone planned that from the end of 2021 to 2022, the price of bitcoin will exceed 60 thousand plus? So what will be the price of Bitcoin in the coming years?
The price of the bitcoin is really depending on the conditions and the news that are revolving around it, so making an exact prediction is impossible, when you see people talking about the price or predicting it they are only looking at past and current data like growth and supply and demand, and theorizing what the price would look like if the current conditions stay the same, sometimes they are right and sometimes they are wrong but in reality things don't always go the you think they are. |
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Apparently Bukele bought another "Dip" according to his last tweet, but there's something that I don't get in this move, let me explain.
How could someone consider a 44k resistance a dip?....right now we are in a period of retracement after a big upward move started in July; I wouldn't have been as comfortable as him investing so much money (remember that we are talking about one of the poorest countries in the world) with the probability of a massive bearish crackdown that could take us back to the 29k level.
I know that could be a "long time holder" move, but he has a reputation to defend, with a skeptical and poor population living in awful conditions, so, in my opinion, we have two possible cases:
1) He is a fool and apparently is comfortable with making such a risky move (a long bearish period can still be a possibility).
2) He probably knows (please don't take me as a conspiracy theorist, I'm just trying to imagine) that someone is gonna start another bull run soon, 'cause El Salvador attracted the attention of many big crypto investors, so a confrontation between Bukele and them about this topic is not so unlikely.
Let me know your opinion about this.
Its not a matter of he knows or not, but bitcoin and crypto have been a hot topic that has been looming around many big companies and whether they are going to invest in it and use it as a payment method or not, not to mention that it has been gaining a lot of popularity among a lot of people, and that a lone is good enough to push the demand on it, and even though that it might not seem like it now and the price is going down, in the long run he might be making a huge decision that might pay off really well if things go the way he wants to. |
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