For a very busy person who got a regular job, i think day trading is not easy to do. You need to have enough time to do day trading that's why i am just hodling my crypto assets and wait for a while until the cryptocurrency's price goes high.
Yeah you're right of course to choose between the two there are some things to consider, and I have a super busy daily job, I just have spare time at night, whereas daytrade will take a lot of time for analysis and standyby every time, nowadays I just hold for long-term |
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Many traders are obsessed with the perfect trade, perfect technical indicators. Trading is the field of non-existent "perfect" words. You can have a very detailed plan, but finally be surprised by a crazy market situation, like a cold water droplets in the face.
Instead of trying to reach the perfect trade, change yourself to the market. Average predicted of you about market, average with another trader ( why not? ). You should accept fewer profit but you will lose less. You should sell sooner and buy later than your prediction. follow the market, because the market will not follow you.
I think it's not a matter of having that hope, because according to many successful people, hope is necessary for you to believe and not despair, I know that the risk to trade is huge because it is difficult to predict, but calculation and plan plays an important role in the profit you will get, |
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Waiting for it to go down is a risk and buying now is also a risk that implies that you must be a risk take to rule the Crypto world! If you seek my opinion on a personal note my response will be hop in now because the bull is around the corner any moment from now all currencies will skyrocket. Buy buy buy!!
There is a very good strategy and if you stick to it, then you will be successful. You need to now buy a bitcoin for no more than 25 percent of your total deposit. Then if the Bitcoin rate continues to decline, you buy another 25 percent. And then if there is a third significant decrease - buy another 25 percent. Keep the remaining 25 percent of your deposit in case of unforeseen circumstances. This is not a good planning according to me because once you get into trading then don’t stress yourself just have patience and hold your bitcoin for more than 5 years I am sure you will get good amount of profit, if the price is at falling mode and you are aware of it then get the chance and try to buy some good amount of bitcoin, price of bitcoin right now has started to be normal so just be quick and buy some good amount of bitcoin. I think if you hold itfor 5 years it is not included in the trade right? I think his strategy is pretty good, it reminds me of martingel's strategy, when the price goes down you buy it again to cover the losses incurred by the price drop, |
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there are other coins which has less traffic and trusted which is much suitable to use in this kind of business that requires a fast confirmation of transactions. Still the other coins are there to support Bitcoin and users would tend to store the money that they have gained to Bitcoin.
There are lots of coins in cryptocurrency that you can use other than bitcoin to make transactions in real life, even cheaper and faster, nowadays crypto is getting easier to use in real life, there are many third parties that are starting to accept some crypto instead of just bitcoin as the currency |
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 When we compare crypto vs fiat transfer through VISA transaction speed is much better in VISA. But when we consider about the fees VISA is not the best option in the field. Though Bitcoin transaction fees are much higher than VISA there are several other alternative currencies we can use to transfer money at low cost within short time. XRB has low tx time and tx fees compared to other valued cryptos. Then it ascends accordingly in oder of XRP, LTC, DASH, ETH, BCC and finally BTC Now I know why users prefer to use altcoin to make transactions rather than using bitcoins, the answer is because it is easier and faster, there are many options and variations for transactions using altcoin, yeah you're right, although visa is faster but more expensive than the fee in crypto |
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The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary.  I heard from others that there are many issues that make bitcoins to get down in price. And I know that a lot of investors have sold their bitcoins because they are affected with the issue against bitcoins or just afraid to lose their investment. But for me, I can say and I do believe that no matter what the issue against bitcoins I will still hold my bitcoins and will continue working with bitcoins in order to earn more.. There are many things that affect the market including the latest news, and you also have to follow the news so you will not be left behind the train, for example if the news starts to negative maybe the price will soon decrease, and your choice is to sell or hold? it depends on you, but what I see most users sell it, so the price is rapidly going down |
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when the price drops we should not have to be panicked because if we sell when the price goes down it will only make us a loss and bitcoin prices will become increasingly down, better to stay calm and hold
You're right we should not follow the downward trend that is happening with panic, we know that whatever you do will contribute to bitcoin market, including panic selling and that happens to many users, there is panic, so this is what happens in the market, the price decline is very fast |
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I think that only applies to beginner traders who still rely on emotions and without proper and perfect strategy preparation. That's different from the traders who have long plunge in crypto so they have learned from previous experience.
Thats right, I think expert traders will not be able to do it, because they already know what they should do when the price is not in accordance with their calculations and expectations they learn from many things like from their experience |
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Bitcoin will be accepted in more and more countries. Those countries that not have accepted bitcoin yet, will follow soon. They cannot afford to stay behind. However, governments will accept cryptocurrencies, but not without regulations and taxing. And that's a very high price to pay. Chances are, that with my and tax, bitcoin is no longer decentralized.
Thats right, that's sure to happen, I'm sure many countries will definitely follow what other countries have done by legalizing bitcoin, they will realize that, they can take advantage of bitcoin for the benefit of the country, so sooner or later the country will definitely legalize it |
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With the negative news spread to date it is what makes many countries do not accept bitcoin because they have been affected by the FUD. Therefore they do not want to take risks as their economy will be messed up if using the currency crypto. They think it's better not to take the risk because it will have an impact for the future.
it is precisely the government that contributes to the FUD, in fact the government is familiar with bitcoin, but the threats that bitcoin gives to governments, changing the way government views, they ignore the benefits to be gained when they legalize bitcoin |
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Why do you think that it will happen? Bitcoin is still strong and it will always be like that, the worst thng that you can do is just to think that bitcoin will be replaced or that it will stop existing in here, bitcoin will be in here for the next decades
because the technology will always grow forward and that's what lies behind them thinking that will come a more sophisticated coin? whereas bitcoin is still very strong and growing, bitcoin not only runs in place dude, but also has updates, so you don't need to fear bitcoin will be outdated |
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Becouse i belive it will be in mainstream sooner or later all countires would accept them we need time for that blockchain is great and all understand it ,everywhere we would see it i belive.
Thats right, the great potential of bitcoin will make many people adopt bitcoin because of new technology and innovation, and everyone will be interested in using bitcoin, and bitcoin becomes mainstream when it happens, the price will rise very high |
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I think the important strategy in cryptocurrency in trading is buy when the value of investments or coin is in the affordable and sell it when the value of it,
is in the good amount to be profitable enough.
Lol of course everyone knows about it, but what becomes difficult is determining whether it is a good opportunity to sell or not? because not infrequently we make a mistake in the calculation, sell but then the price goes up, buy but then the price goes down? |
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It depends strongly on the circumstances. What is the purpose of the coin, what government issued it, what are the details of the project etc... All in all, it does not sound bad to me, but there are many factors
I myself not so sure if the government will issue their own cryptocurrency, because it would certainly threaten their own fiat currency, but if that's true then crypto will have many users and once again, the US will certainly have the strongest crypto |
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With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO
With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.
Most of the people are being hacked because of the phishing sites, there are a lot of scam sites mostly in airdrops so i always prefer working on bounties like signature more than looking or participating in airdrops. Yeah there are many things like that in the online business world, everybody wants to benefit in their own way and there is also a fraud, it is a risk, you should be more observant and clever in choosing investment place, ico, airdrop or the other |
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because it's something completely new and different to old status quo. Plus it's a great threat to current banking institutions which are the major holders of wealth among some others of course. people love to invest bitcoins rather than business because they think that investing bitcoin is secure and gain good profit.
yeah bitcoin is a new thing in the world of investment and also currency, bitcoin offers decentralization and anonymity as payment and currency and many people are keen to know and adopt it, so it makes the world startled, because bitcoin is a very briliant innovation |
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I will not sell bitcoins. I do not have many of them. So I'll leave them not as an investment, but for the sake of experiment.
As of now i don't have earning, but i still believe it will come. I did not sell my bitcoin if i have already, until i need a money. I sell it just in case of emergency. For some people bitcoin is used for side income, they get bitcoin for free, and it's not a problem, it will benefit to you if you want to be patient, collect bitcoin as much as possible, do not sell until you have a lot of bitcoin and the price is high |
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I think if you trade with time like if the time is good then you do trade and if the time is not good you should wait and hold and buy at low rate if you have analysis that it will grow soon so through this you can make profit in trading.
Yeah then you should know the trends that are going on, and that can be known with good analysis, if you're good at the analysis of course you'll find the right time to buy, you're right when times and market conditions are difficult, like the downward trend you have to be patient and stay calm, if market start grow you should buy and utilize it |
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You must use Stop loss for each trade. Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.
ricseb
I do not use the stop loss when trading. Sure the coins will rebound as prices rise so we should hold without having to use stop loss Yeah restraining is the right thing to stop the losses, but not infrequently holding back just to multiply losses? if you want to hold back, make sure that you buy and hold a coin that still has the potential to recover like bitcoin |
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It is very true if you do panic sales then it is very negative effect on the price of the coin that is down the price that will harm you and all others better you change the habit
Of course it will be bad for the market, what you will do with your choice will contrary to the market, if you choose to hold and actually buy it will certainly be positive, and if you do panic selling, and it happens massively, it will bad results for the market itself |
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