Before I quit my job, I used to trade a lot at work but I used to do it on my own personal computer but at that stage in my life, I was ready to make the transition to being an entrepreneur because my job just wasn't challenging anymore and so I used to trade in my free time, this was a time when trading could be done by any noob and they would still make mad profits because everything was just mooning like crazy, the good old days, I don't regret that decision though.
Lucky you! That you entered in the market when everything was gold and you easily got hands on profits. I at times regret not joining the market earlier but that is okay if I am still making some small profits. If you have really quitted job and started some other stuff where you are owner, I am really impressed because this is what we need in our people i.e. independency and that is the same reason why people like bitcoin. It is rare to enter the market perfectly. The most important thing to have in this market is to stay profitable for long term and since you are making profits even it is small, it is still a good thing because everything is working for you. Quitting job is not a good idea even you are earning huge amount of money in cryptocurrencies because in just a few snaps, the market can get you good. |
|
|
|
|
The right one should be, plan before you trade. You should analyze the whole market to see any possible opportunities that you can grab. Once you see some opportunities then that is when you start to make some plans and do a little back test based on the chart to see if you idea is possible. After all of the analysis and test, you can trade and expect low risk.
|
|
|
|
I have an average of like five holding days, I'm a day trader, and if my coin fails to reach my target selling price in five trading days, I'll sell it or if the price reaches my reduced loss limit. I don't want to keep it anymore because I know the market still has coins that can make me a boost. I'm a sort of trader that doesn't suit me to keep for a long time.
Every trader should have their own strategy. Just like yours im trying the every possible way that best suits me but I find day trading hard because of the pressure. Now im in long term strategy, I have a set target price on when to sell my coins but if the price somehow rise unexpectedly I will already take profit to make sure I wont left behind. Timing the market and dont be greedy to have big gains because the market movement is unpredictable. That is great that you are now into securing profits. We all have been there, back in my starting days, I also used to try different methods that I can try to just be profitable as other people but I learned that I should not look to other people winnings, I should focus on my losses so I can learn a lot of things to fix my strategy and now I am more profitable than before. |
|
|
|
believe in yourself and believe that everything you have done is a very appropriate decision. that is what must be embedded in sellers so that they are not always in fear. There is a saying, don't be afraid of failure, because failure is a step towards success. I strongly agree with the advice you say to record the reasons when opening a trade, maybe this will be a very valuable lesson for me, and can motivate me to be more careful in trading so that I can get the results as expected at the beginning of opening a trade.
Try and try until you suceed, there is no room for fear, you need to try all those things that might be helpful in your trading, loses in trading is normal, but a very huge one is bad. We need a lot of patience so that we could wait till our sell order hits, long term holding is very crucial and we can be emotional when waiting for our coin to pump. there are times when we really need to have a strong belief in ourselves in trading, because sometimes the advice and input obtained from others may not always be able to minimize losses. however, we must be able to bear all the risks we will face in the trade that we do. It is better to believe in ourselves rather than to believe other people on their opinion about the things that you should do. Just because they are making profit then that doesn't mean that they are always right, just take the tips and always customize based on your strategy. Execute base on your own point of view and if you make mistakes, improve and try again. |
|
|
|
Anyone can make an estimate for Bitcoin domination. I think a little different. What happens if the Bitcoin price drops too much? What happens if the Bitcoin price drops to $ 10. Maybe a altcoin will declare its independence.
Independence to bitcoin's dominance? Don't you think that bitcoin fall for that price these crypto currencies will fall too? Might die to be exact. Crypto currencies price usually follows the fall of bitcoin and if the price fell that low, then we are also seeing cheap prices of these altcoins. Yes, the price of bitcoin is the leader or the alpha in the market and the altcoins always depend on the price of bitcoin since all of them have an altcoin to bitcoin pair in the market. Bitcoin is like the face of the cryptocurrency market and if bitcoin fall to a very low price then it means that the end for the market has come. |
|
|
|
I wanna look at the situation. This topic is highly being discussed that if the price didn't double after the halving, many miners will lose incentive for mining. This might create a problem for the Bitcoin network. Along with that, the rising expectation of the price rise after halving will create a fomo which in turn will take the price up. I will take that as an opportunity to sell my holdings before the halving.
I will reinvest only if there is a stability in the market after halving.
There will be no stability in the market even before neither after the halving. Halving is just a normal event in bitcoin and since the difficulty of mining bitcoin will go up then the price should also go up in order to maintain the miners in the bitcoin network. You cannot expect the market to be stable and you need to deal with its volatility because it is a blessing in disguise to make quick profits because of the fluctuations. |
|
|
|
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?
People have lost billions and trillions because of dot com bubble and recession that hit the countries many a times. Losing billions of dollars to some economic downturn is not a new thing. It has happened in past and is going to happen in future as well. Many companies alone lost more than the total crypto market cap in 2008 recession. But the life keeps going on. That is the truth, you cannot do anything about that because no one gives a damn for you. If you lose money then you do not have any choice but to simply take the lesson from those events and move the damn on. Successful life is for the people who are strong and can face any challenges without having any dramatic feeling. |
|
|
|
In my own opinion, it is possible for you to get rich ,even you get married, pay taxes, use banks. As long, you are determined and motivated to work hard for you to reach your goals and dreams, you can really get rich. Getting married, paying taxes, and using banks are not hindrances for to get rich, it depends on you how will you really get rich.
Everything mentioned by OP is all possible to have and still be rich, it's just a matter of doing things accordingly and well planned. Family can be the inspiration to strive more while others are needed for legal progress of business. Many rich people now have all of the above and still managed to be rich simply by having strategy and being smart using their skills and assets. It is true that family can be a source of inspiration to do more in work or career but having a family in a low paying career will get you nowhere even after years of working hard. If you want to get rich fast then do not screw yourself up and do not get babies at an early age and do no get into a family because it will give you nothing but only expenses for lifetime. |
|
|
|
|
The price of bitcoin was crazy cheap a few years ago and now it is so expensive for a lot of people. Today, when I am buying, I feel a little regret from myself for not buying bitcoin back then but now I would just buy bitcoin straight up without even thinking because in my mind, I have this mindset that the price will go up more in the near future, so just keep buying.
|
|
|
|
|
To become a successful trader, you need a strong gut that you are willing to risk and dive into the world of trading. Trading can give a lot of stress and it can make you frustrated faster than any other investment or way of making money. An aspiring trader should also know that he should love losing because that will fuel up his way to success.
|
|
|
|
|
I simply use XRP. It is funny because a lot of people hate XRP because they say that it is a centralized cryptocurrency and there is no reason for XRP to belong to the cryptocurrency market. To be honest, it is a reliable cryptocurrency and it is insanely fast, In just a few moment, the transaction get confirmation and my transaction is complete. It is much faster compare to the time of transaction with bitcoin.
|
|
|
|
|
Bitcoin is still the most attractive cryptocurrency for me to invest in 2020 because we all know the event for bitcoin which is halving and investing in bitcoin right now is like grabbing the opportunity to take a lot of free money later on. Bitcoin is still under $10,000 which is pretty cheap in my opinion and once the halving is done, I think that the price could go up to $50,000 at the end of the year.
|
|
|
|
I trade with some altcoin keep exist with higher price always, before trading I check about this coin price last two day and looking have change with higher price or not, if looks stable with higher price always I will buy this coin and I think is profitable at the future for long term and short term investment, never take risk with altcoin have break with higher price for investing and trading.
If you are both into trading and investing then you should not just base your entry for a potential position in just a two days price history. You should zoom out the chart and analyze the movement of the candlesticks to see if there is a potential for the specific coin to move up or it is going to go down. Base your decision in a bigger perspective. |
|
|
|
|
I would say that it depends on your goal if which one do you want to grow in long term basis. If you are always after the fiat currency then there is nothing bad about trading with USDT because it makes sure that you will have a fixed currency to trade so you will not lose its value because of the volatility. Trading with bitcoin is only good for people who want to maximize the chance of making more money at the end because the value of bitcoin is believed to get up to 100k usd in the future.
|
|
|
|
I remember when people used to say having 21 was good, because then you would have 1 millionth of the supply. Now I see people talking about some 6.15 number, which I have no idea why or how anyone came up with that number.
Other guys tell people having 1 bitcoin will be 'enough' in the future, and how long into the future, I do not know.
I recently saw people saying online that 1 bitcoin is not attainable for most people, and they should aim for 0.1 bitcoin, and that sounded crazy to me. Surely if something is so important, you can find a way of getting 1 bitcoin over a year or two?
Do you guys have a certain amount you are aiming for?
Personally I dont have a cap on the amount I want to get. I just keep getting as much bitcoin as I can, when I can. Stacking sats I think the cool kids call it.
I dont think I will ever stop doing this. If I need to liquidate some in order to live and buy things, i'll do that, but i'll always keep trying to replenish what I spend.
How many Bitcoin have you acquired now and how do you get you acquire them if you may wish to let me know please. My aim is to get a thousand Bitcoin in the next three to five years to come. If you have a source of income then that would be a great start for you in acquiring bitcoins. Your next step probably is to develop skills in either investing or trading. Investing is safer because you don't need to deal with the volatility but you need to pay attention to the stage of doing research to just find a good investment for long term. From that, you should see growth in your portfolio and you will be on your way towards thousand bitcoins. Investing into products that appear good for long term investment is a nice method of generating some decent revenue for purchasing bitcoin but that is a slow process. If you want to get hands on bitcoin faster, it would be great to learn trading and that too day trading in order to have continuous source of income. 1000 bitcoin is such an enormous number that could put you among millionaires of the world easily. It is true that it is a slow process but it is safer than trading. If you know how to trade very well and if you can stay profitable in day trading for such a long time then I think that it would be a better option for you to stick with that. I am only suggesting a way of making bitcoins in a lot safer way. |
|
|
|
I believe that there are so many people that already know the amazing profit that we can get in crypto if we know how to deal with it, so some people grab the opportunity to get some easy money buy scamming others through the used of crypto currency, so the crime involving crypto is expected to rise in the near future.
It is not only about the scamming, there are deeper type of illegal activities or crimes that are happening behind cryptocurrency. One of them is buying and selling drugs which cryptocurrency became a great tool for criminals because of the anonymity and also because of the fast transaction that they experience without leaving any trace. I know that it is one of the bad things that will affect the reputation of the cryptocurrency but I believed in the near future, with the help of the government, we will avoid having those activities. |
|
|
|
Growth back to the highest price point in the history of Bitcoin can happen before halving. In principle, this event can increase the value of Bitcoin by 3 times. Then we will again see the price of 20 thousand dollars. Lively conversations about cryptocurrencies. New injections of money into the cryptocurrency ecosystem.
We can't be sure if bitcoin will have a price like that again just because of the halving. Litecoin is the most popular cryptocurrency that everyone is looking into for the after effect of halving and we can see that it dumps a lot since then. If the profitability of mining in bitcoin will still be good then I think that there is nothing to worry about the price since the market of bitcoin will be sustained. |
|
|
|
|
The formula for the bitcoin price is simply law of supply and demand. It is a basic topic of economics. The more the people that buy something then the more its price will go higher. Bitcoin's price has jumped up a lot from its price of 2009 up until now, it proves that the demand for bitcoin is really high and if we want to see even higher prices then we should attract more and more people to invest into bitcoin.
|
|
|
|
If the SEC allows trading Bitcoin-ETF, then the cryptocurrency industry will pour really big money. The growth will be an inevitable phenomenon. Just do not forget about the approaching halving. When people stop resting for the Christmas holidays, I think there may be a gradual increase in Bitcoin due to this upcoming event.
It might be difficult for bitcoin to be approved by the SEC because we all know that the ETF request has been submitted a lot of times already and the SEC keeps on declining it. With or without the ETF, bitcoin can still rise and dominate the world and that is through spreading the application of blockchain technology. |
|
|
|
the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
My advice is you should start trying coins whose price increases or decreases to move a little slowly like doge coins to trade on the market. Maybe here you will have a greater opportunity to benefit even though there are only a few. Now all you have to do is look for which markets have a fairly high volume of doge trading every day In my opinion, it is not a good idea to trade a coin like doge which has a low volatility because you need a high volatile coin to make profits in the market. If you are going to the coins that are in low volatility then you are not into trading, you are into an investment. Look at the market and check what are the coins that are in a hype and try to enter there. |
|
|
|
|
Show Posts
