Trading has become an activity that is often carried out by cryptocurrency enthusiasts, when you hold coins you are indirectly required to understand how to trade, at least how to sell and buy on exchanges is general knowledge that every cryptocurrency enthusiast must have.
But as the cryptocurrency ecosystem develops, there are lots of trading signals that eventually make many cryptocurrency enthusiasts who have no experience or knowledge of trading try to trade in order to find daily profits.
In your opinion, can someone trading without experience or knowledge?
It is possible to trade without having any experience or deeper knowledge about trading, in fact, I've done it myself before when I was starting and yes I got lucky even made some profit way back then. I bet there are still numerous people who are trading without having any knowledge. However, it is all up to you if you can handle the risk because not all the time you will get lucky that is why in trading you need to study each and every possible outcome, you need to make your TA. I'd say trading signal could help but not all the time. It is not recommended but yeah it is possible but you should be aware of the risk you are taking. |
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If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds  then You Will be wealthy. As history have showed us its not a trading or ta or other Type of trading. The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer. Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year. Not all the time though because Bitcoin still undergoes to bear market.What if you bought right now and hold it for 1 year but let say Bitcoin dips really hard, I don't think you will be wealthy. Perhaps those people who bought in 2017 will oppose this idea because they know how the market became in 2018. Perhaps if you extend 1 year into 4 years or more probably I will consider it because of the fact that BTC halving is likely happening every 4 years. But I partly agree that even newbie traders can be rich if they just hold it for a long matter of time. |
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If the rich cannot have too much money, then how can they be called rich?
If such a law existed then I am sure there would be many rich people who would be crazier to spend their money quickly, if that was the case then it would certainly be a very useless waste. So, let them or rich people be free to save their money because after all, of course there will be moments where rich people will make large donations when needed and that will certainly be better and more useful.
Precisely. I don't think rich people are the only one who is the problem here because not all rich people doesn't get all their money from corruption or any illegal activities because there are rich people who work really hard just to have that lifestyle. While poor people, on the other hand, there are few people who only rely on the support of the government or donation and they don't even do anything but sit there waiting for relief, to put it simply some of them are just lazy, so wouldn't be unfair for wealthy people if such law exist? However, there are poor people who really strive in order to have a good life but lack of money stopping them to do so. And that kind of poor people is the ones who should get the benefits. |
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Day by day, Bitcoin is getting closer towards crossing the $60k range. The pioneer cryptocurrency has grown in popularity over the past years, becoming an extremely valuable asset that often compares itself to Gold. With Elon Musk, and some companies like PayPal and VISA joining the game, it shouldn't be long enough before BTC reaches new heights. Some experts predict that Bitcoin could go as high as $100k by the end of the year. Others predict that Bitcoin will reach $1m within a couple of years from now. The question is, how fast will Bitcoin reach $100k? Will the ever-rising demand from mainstream companies and institutional investors make Bitcoin reach this goal in less than a year? Or will it take longer? Given that Bitcoin has reached $60k within a year, looks likely it'll reach $100k by the end of 2021. For what I know, everything is just pure speculation. It's always best to reap profits whenever you see the opportunity to do so before it's too late. If you end up waiting for BTC to reach a new ATH, you might lose it all in an instant. What are your thoughts?  Just like what you have mentioned everything was speculation, we even not sure if Bitcoin will really hit the $100k mark this year but I do hope. Since we are only on half of the year there are still a lot of things that might happen and I believe there are still few big institutions that are not done accumulating or even entering the market so there's a chance that we will hit the six-digit number. Currently, we are having a slow phase, were are about to hit $60k but I think the resistance was too strong to break so it will definitely take time before we saw Bitcoin at $100k. Regardless, is still better for us to have a target profit rather than holding for it to set a new ATH because we don't know how the market will behave after all. |
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I have been investing in cryptos for some years now and i always have to fight a battle with myself whenever i sell some of my cryptos or close my positions in a trade and the price continues to go higher.
Sometimes i regret selling, while sometimes i just try not to look at the particular crypto anymore to avoid having regrets.
Do you also encounter this? And how do you deal with it?
This happens to me all the time. Imagine let say you sell at a pretty decent amount and then the price continues to grow, I'd say everyone will felt remorse on selling early but you know what I think it is good enough as long as you get a profit in it. First of all, you don't know how the market will behave if you let your greed overcome you and ask for more this could cause a loss because it could go dip down instead of going up. What matters are you have your profit, you could still enter though if you think the growth will continue. We will all have regret but we must move on because there's a lot of opportunities ahead of us so why not focus on them. |
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i watched a couple of courses and read a couple of books, and I liked trading as a career and I want to solid my information and skills I saw this article about which books you need for your CMT test, which I'm thinking of taking them as a study plan for my trading career here are the books and the article https://www.tradingsetupsreview.com/book-list-chartered-market-technicians-cmt/, is it a good plan? I'd say you have a good plan, reading books and watching a couple of courses was already a good start, if you continue doing it then you will definitely get this career. However, knowledge is not enough to be a complete trader, you need also to have experience. To try how this trading works you could look for trading platforms that have a demo account on them in order to be familiarized or you could use a small amount of money to experience the factors you must encounter such as the risk. |
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What can we expect after bitcoin will hit $60K, is it gonna continue or will drop?
If Bitcoin hit $60k there will be only 2 outcomes. The first thing is that investors will dump their holding especially those who bought at a cheaper price to take profit, and the other one is it will continue to increase. But it is more likely going for a correction in my opinion. Yesterday we almost hit the $60k mark however it now dips at $58k, it seems the resistance was strong but as soon as we break it for sure Bitcoin will set its new ATH. Seems Bitcoin showing a good run, perhaps we can witness some good news this coming month. |
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is there someone holding bitcoin from early 2010 when the price is around 0.01 and still not selling today? just wondering?
Not quite sure though unless it is someone who held his stash in a wallet and forgot his keys or something. In my opinion, there's no one can hold that long because I believed that as a person or investor if they saw an opportunity to get a huge amount of profit then they will definitely grab it without hesitation so I don't think they can pull it off. However, if someone really did it besides satoshi himself then that is commendable, if you will calculate that it for the current price we have now that would be an overwhelming profit. But I guess someone can now able to pull it off because investors have now more confident. |
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Well, you warn him yet he didn't listen which is I think the right thing to do because first of all, you don't need to give him any advice if there's something worse happen you will be responsible for his loss. The only mistake he made is having no patience and lack of proper research. I hope that would serve him as a lesson to build up our patience. Investing in alts is not a bad option but make sure that you will do some proper research to mitigate the risk. Alts can be more profitable than Bitcoin but the profit is more certain with Bitcoin.
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From what I know the prices of altcoins are just following the price of Bitcoin so if BTC enters the bear trend it is more likely for the altcoins bubble to explode as well. However, there are some cases that altcoins move in the opposite way. Anyway, since Bitcoin's rally doesn't seem going to end sooner this could probably mean altcoins are not yet done as well. Recently, the market turned red that is the perfect time to accumulate coins and I hope you take that opportunity, now it seems Bitcoin is recovering perhaps sooner will break the resistance that is the time you'll have your profit.
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Personally, I like the volatility in this market however, it is likely a double-edged sword as it can work on your side but at the same time could also be your enemy. Anyway, I think that is one of the main reasons why investors choose to place their money in Crypto is because of volatility. Imagine Bitcoin being a stable coin do you think investors would bother to invest in that kind of asset? No, volatility what makes Bitcoin attractive because this brings profit, yes it could be risky but if you know what you are doing you'll be fine.
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Looking like we starting stage 2 of the big bullrun, target 89k
Well, looking at the current price it reaches $59k once again though I'm not sure if this is the right indication of the 2nd phase of the bull run but I hope so. Nevertheless, pretty sure Bitcoin is not yet done so sooner or later we will back on track just be patient and keep holding. $89k seems possible however I think reaching $70k is much feasible after the break of this resistance. If the resistance brake this week there's a possibility for us to see Bitcoin in a new ATH. |
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Is bitcoin for speculation only? or it is really useful in our daily life? just curious.. What product can we buy by using bitcoin only... how many Merchant accepting bitcoin? is it a huge number? what do you think?
I can assure you that it is really useful in our daily life based on my experience because compared to before I have now a little bit amount of money though I don't have any job yet. The thing is even without a job you could still earn money via trading Bitcoin, investing, and more. However, as much as possible having a job is still better. Regarding what we could buy using Bitcoin, everything whether it is online stuff or services as long as the merchant accepting Bitcoin. However, you could still buy whatever you want with bitcoin but you must convert it into fiat though. I would say Bitcoin adaptation is now getting bigger hence there must be a pretty decent number of merchants who already accepting Bitcoin as payment take Telsa for example. |
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I would say it is both good for Tesla and for Bitcoin. It is good for Bitcoin because now that Tesla accepts Bitcoin as payment since we know how popular Tesla is, this will attract more users in the Crypto industry resulting in massive adaptation. Besides, this will lead other large companies to follow Tesla and accept Bitcoin as payment as well. Moreover, I think it will be easier for Tesla to sell their cars in this way because it is very convenient. The benefits of tesla here is that it could be a direct investment in Bitcoin and this could possibly generate a bigger profit.
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it is normal that after the end of an ico / ieo and at the time of listing on a new exchange the value of an altcoin decreases, why does it decrease in value? because the participants in any advertising bounty sell their altcoins so earned immediately after the listing
Aren't bounty participants only getting a small amount of coins with a very limited supply for the bounty? then why do you blame the bounty participants in this case while the investors who buy coins in the project get a very large amount of coins, so try to explain your reasons by accusing the bounty participants for doing this so that you say this is normal. I also had this thought. Bounty participant only getting a small portion of the supply that is why even if they dump those coins it wouldn't affect that much. Pretty sure it is not only the bounty participants alone are the one who is responsible for the dump, I had a thought that those private investors are the ones who likely causing this dip. Besides if you have been in this industry, it is a very common thing for hunters to dump their coin after the listing because it would be risky if you hold it for a long time, that is what I think at least because let's say I've done it before. |
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I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it. The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash.
Not all the coins in crypto are volatile as you think because there are lots of stable coins to be used instead such as USDT, USDC, BUSD, and more. You don't actually need to use volatility coins like Bitcoin if you can't take the risk. This volatility makes this market very attractive for investors and being decentralized so that no one can manipulate the whole market makes it challenging and interesting. Sure it was a lot riskier compared to other markets but along with it, the profit was really rewarding. Investing in Crypto is just like having a 50:50 ratio, 50 percent chance you could lose half of your wealth especially if you really have no idea what you're doing but you also have a 50 percent chance to grow it a couple more times. |
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If people know that Bitcoin will be like this, all people will buy it. But because their knowledge is not enough so many of them decide to not buy it and as you say they will say "Damn, I should've bought bitcoin earlier!".
I think to say something like that can't change the circumstances, so stop regret the past and buy now for the future, so no more regret later
Yeah, the thing is they don't know Bitcoin would grow this much big. I bet every time Bitcoin enters the bear market people who don't have strong resolve losing their competence or taking a break from it, this makes them lose the opportunity to buy at a cheap price. Now that Bitcoin showing great performance, the price is surging up that when that thought came in for them like "I should have bought Bitcoin earlier". But I don't think it is too late to go in because Bitcoin tends to grow even bigger as time goes by so why not do it now, pretty sure we're not yet at the peak so you would still be able to take profit. |
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I strongly disagree with you on this topic. Money isn't our boss. Well, at least for me.
It's just a difference in perspective between you and the OP. He's right on his version and you're right on yours. Money sometimes becomes the boss of people who struggle with the economy. However, if we struggle with the social side, money only becomes an intermediary. The money side is the boss and not. For me, money is not a boss but has the potential to be a boss for me because I currently seem to deify money and spend a lot of time just to make money. Everyone also moves based on money nowadays, it's just hard to refuse that people are doing things just because or for the sake of money, but the problem is, people didn't realize that money is merely a tool and they never think of making the money works for them, most of people nowadays also really consumtive and always want to have glamorous lifestyle that further bind them to money. Well, we can't blame them, are we? because just like you have mentioned in today's generation money matters. Without money, it will difficult for us to live because starting from daily necessities money was the key. It is sad but it was the truth, people do consider money as their boss especially those people who are struggling with their finances but I think it is different for wealthy people because they believed money works for them. To up it simply, the analogy of money is different from everyone's perspective. |
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I believe that Bitcoin was supposed to be used as a currency but people saw another way to use it and that is to trade. Satoshi created Bitcoin for us to have a decentralized peer-to-peer payment network but due to its decentralized characteristic people find it suitable for trading or as an asset. Right now Bitcoin has become versatile, it depends on each individual on how they will use their Bitcoin. For me, I mainly use Bitcoin as an asset because I found it very effective especially on long-term investment, but in some cases, I do also use it as a currency to buy some stuff online.
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