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Stop Loss is an important tool of trading and it has gained a lot of popularity in modern trading. You can avoid big losses by using stop loss, but in all cases, zero loss is not reasonable. This is because stop loss is usually used in the Side-way market and is used to hold up to a certain loss according to market analysis after purchase. However, if the market is somewhat positive after taking the trade and if you then use stop loss up to your purchase price, then there is a possibility of zero loss. However, in the case of trading, a trader takes the trade very lightly and uses the Stop Loss tool to try to reduce the risk of loss due to the reverse behavior of the trading in general.
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Everyone has some idea about the investment on the basis of which he invests money. In terms of investment, I have come up with some specific ideas and I want to make a profit by investing accordingly. Based on the experience and skills gained, I buy some cryptocurrency of the total assets from the downtrend support resistance and consider the rest of the risk so that it can be repurchased if it goes down again. This method should be followed to invest in cryptocurrency with total assets and try to hold on to it till profit is made from it.
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Certainly, greed destroys people, and in no case should more greed be allowed. This also applies to trading and when you trade you must make sure that it is based on skill and experience and not on greed. If you are not satisfied with the profit you have made and you trade frequently or for-profit without market analysis, you may lose everything. On the other hand, if you end the trade with a small profit without understanding the market situation, it is not positive for you. Because it is not possible for a trader to know for sure about every trade, all the trades that will be reversed will lose your small profit. Therefore, decisions should always be made after reviewing the market situation.
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The most idealistic outcome for bitcoin as I see it would be a worldwide reception. Bitcoin turns into worldwide money, individuals can utilize Bitcoin anyplace on the planet without any problem. Presently, the exchange cost issue is being settled briefly with the lightning network arrangement. We hope that Bitcoin will emerge as a universally accepted medium of exchange in the future and that governments of all countries will recognize it as a universal currency through legal recognition.
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In my opinion, Covid-19 has had a positive impact on Bitcoin. The covid- 19 has caused worldwide stagnation, and in almost every case there has been a massive contraction in trade. As a result, people are investing their lazy money in cryptocurrencies, which are increasing the value of other cryptocurrencies, including Bitcoin. Moreover, in this critical time of the world, investing in cryptocurrency is being considered a safe and secure means. So in my opinion the Covid-19 situation has turned out to be a blessing for Bitcoin.
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#PROOF OF AUTHENTICATION Forum Username: Tahsin Kabir Kollol Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1026295Telegram Username:@TahsinKabirKollol Twitter Username:@KollolKabir Participated Campaigns:Twitter, Facebook, LinkedIn BEP-20 Wallet Address: 0x439A3fac80E180883800237bb2752288FE0fF6f7 |
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I don't think that blockchain technology will completely replace the traditional banking system. In the event of the abolition of the conventional monetary system, the government will create a specific cryptocurrency for its country and the government must seek the help of the central bank to use and control it. Moreover, the system is an important factor in managing the overall economy of a country and through it the monetary system of the country is balanced. So it can be said that the banking system can change based on the medium of transaction but it does not seem to be completely extinct.
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As a trader, I still choose fiat currency If you can get paid through cryptocurrency. Because of the acceptance through traditional money I will be able to purchase cryptocurrency from the convenient stage through my saved money market analysis. In my opinion, this will make it possible to make more profit and increase the number of total assets. Due to the volatility of cryptocurrency prices, it seems more reasonable to accept traditional money if you have the skills and experience to invest it at the right time.
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Developing countries like El Salvador can use Bitcoin as a medium of transaction in many cases. While Bitcoin is not a fully-fledged transactional environment, it will in many cases be a lucrative and business opportunity for developing countries. In particular, it will play an important role in dealing with various countries that are subject to various sanctions due to political and military animosity. This would be a good decision, especially for those countries with high inflation rates. However, it is not entirely possible for an economically developing country to follow in the footsteps of El Salvador, as it is difficult for countries with developed economies to introduce a completely new technology exchange and conduct economic activities through it.
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For those who have invested in and used cryptocurrency and bitcoin, it is very clear why bitcoin and other cryptocurrencies are better than traditional money. One thing that can be noticed more in the case of traditional money is that inflation is almost constant because the capacity of this conventional currency is declining to result in purchasing power. Inflation causes the value of money to fall, while the value of cryptocurrencies continues to rise, increasing people's ability to invest in them. On the other hand, in the case of traditional money, it is not possible to protect the privacy of personal assets, which can be protected through cryptocurrencies, especially Bitcoin.
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As far as I might be concerned, it's Ethereum. Truly whatever I made a benefit it's from Ethereum. At the point when I moved from Ethereum to altcoins then I had lost my portfolio. That doesn't mean I didn't play with different coins nor make a benefit however Ethereum was best for me. It was quite a while I was a long way from exchanging since Ethereum rasing well indeed, I have been attempting to play with it.
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Like you, I think that the next growth of Bitcoin will reach 100k if it surpasses the previous Alltime High. However, it is important to invest from a favorable stage. Although the price of Bitcoin is going up and if this trend exists then your decision would be perfectly justified but if the market is going down a bit then you must wait a little longer. But overall, everyone believes that Bitcoin's progress will continue and that it will gradually reach new heights. So it can be said that investing in Bitcoin is always the right decision and only at the right time the amount of investment profit is more or less.
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Investing in cryptocurrency and holding on to it is really hard work. Adequate experience and patience are required to hold the purchased cryptocurrency considering both the positive and negative effects of the market. In most cases, it is seen that when the market starts to decline, many people sell the stored cryptocurrency to them thinking of more losses. On the other hand, in case of an increase in market value and return on investment, investors want to take back the profit earned in case the market goes down later. On the other hand, in case of an increase in market value and return on investment, investors want to take back the profit earned in case the market goes down later. In this case, only skilled and experienced foresighted people can hold their cryptocurrency for a long time.
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#PROOF OF REGISTRATION Bitcointalk Username: Tahsin Kabir Kollol Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1026295Telegram Username:@TahsinKabirKollol Campaigns participating: Twitter, Facebook BEP20(BSC) Wallet Address: 0x439A3fac80E180883800237bb2752288FE0fF6f7 |
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There are a number of reasons why some people hate Bitcoin. Some people hate Bitcoin because they have lost their wealth by investing in Bitcoin in an ignorant way and unnecessarily interpret it as a reason for their loss of wealth. On the other hand, there are some people who prefer to live life-based on conventional methods and ideas and consider new technologies and ideas as negative. So it can be said that only those people who have not been able to achieve their expectations from Bitcoin and are not interested in using and knowing it hate it.
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The adoption of cryptocurrencies by institutions in different countries is having a positive impact on the world. Bitcoin transactions of such companies will increase its acceptability and will spread the word about Bitcoin among the general public. The steady rise in the price of Bitcoin is forcing individuals and organizations to think about it. As a result, many well-known first-place companies have begun to think about the use of Bitcoin. I think the process of using Bitcoin as a medium of the transaction has already started and the results are visible at the present time.
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In almost every case there are some people who always have a negative attitude about a subject. These things can be noticed from the aversion to that subject or object and the tendency not to accept the changing subject naturally. Bitcoin is no exception, and many people are either unwilling to accept it or envious of its richness. The motivation behind why a few groups express just regrettable things about Bitcoin isn't just deficient with regards to the information required. These individuals behave like this since they are absolutely against Bitcoin or some other cryptographic money. Since it is totally not quite the same as fiat. Furthermore, we have been utilizing fiat for numerous years. Individuals who are acclimated with it and don't need something new keep on restricting cryptocurrency.
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