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For me bounty campaigns are not profitable in 2019 till now. I completed 4 projects signature campaigns in this year out of which 2 turned scam and reward from 2 projects are still awaited, value of those rewards is not high as of now. Bounties rewards were awesome in late 2017. High rank members were receiving coins worth thousands dollars from signature campaigns. Some projects distributed high rewards in Fb as well as Twitter campaign but currently amount of rewards from most of the projects is very less. Distribution and exchange listing is also late.
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In this market, there are many people who are fear of missing out (FOMO). You always be patient. If you believe you have missed an opportunity, do not try to join if you are unsure. You can lose more than earn. Crypto is a 24/7/365 market. You can not catch every trade. If you miss one, do not worry - there's ALWAYS another trade.
The main problem with the traders and particularly day traders, they are not patient to find the right setup. Every trader should know market is is always there and opportunities will keep on coming. If the trade is triggered at the right time, it has higher chances of profit. Even exiting trades needs lots of patience. Some time people get panic if trade goes negative and close it in loss and the other day the same coins starts increasing crosses the buying price. If a trade is taken with planning and it is monitored with patience then it has higher chances of giving profit. |
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I think this is base currency which matters. If you spent $850 and received back $1000 that means you are in profit, no matter how many altcoins you purchased and how many you sold. BTC and altcoins are very volatile in nature, 0.5 BTC can be of $5000 and after somedays its value may be double i.e. 10000, so anyone puchasing BTC at $10000/BTC and selling same amount of BTC @$20000 after somedays will be considered as profitable.
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This is indeed a good step to help homeless people,you are doing a good job. To get more donation please upload all the pictures of activities you are doing everyday. It will help donators to have faith on you project because crypto world is full of scammers and people donating money may need some concrete updates to donate.
I have one question, how are you reaching homeless people in other countries, are you finding like mind people there and getting their help or connecting some NGO, please share every possible idea so this charity can reach every needy people across the world.
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Ethereum is the best network in blockchain in my opinion, I traded ETH when it was at $ 20 and saw it till $1400. I believe there is no need to launch ETH2 and that will not be done as per update from one of fellow member on this thread. ETH is widely used, may be it can surpass BTC,trust ETH is the fastest network widely accepted as of now. Keep holding ETH, it will fly soon.
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hi traders i am sharing my mistakes and experience so that it will help you
here are the mistakes i did and the with experience i got answers to my mistakes
1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need
2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short
remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience
at first your goal must be to protect your capital , and then protect your profits , dont risk everything
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis
4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you
5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films
6) dont ever think to recover your losses , or trade against
7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common
8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this and just go through this when you are free trust me it will help too much
9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )
10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )
11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is not easy we must work-hard to achieve it
12) i am sure if you follow this rules you will see changes in your trading ,
if any experienced traders do have some points that will help traders please highlight it
13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)
You have explained things in detail, if someone read it carefully and adopt all these things, atleast he/she can survive in this market. Trading is a hard business to do but it can give you the highest return as compared to all other businesses. Trading is a dynamic business and there are some golden rules which need to be followed in trading. 1. Never invest money you badly need. 2. Never risk more than 2.5% of your capital in a single trade. 3. Do not trade w/o SL. 4. Keep your fear and greed behind while trading. 5. Make a plan and remain stick to it. If one follows such rules, winning trading game is not much difficult. |
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Although offline transactions of cryptocurrencies is something difficult to accept but its possibility cannot be ruled out. When we do not have idea about anything it looks impossible to us but when the things come into existence, all of the sudden our mindset gets changed. Blockchain technology is a game of coding only, it needs some media to travel, it may be somewhere digital media like internet or may be other media like air, human mind or anything. Technology is evolving ,lets wait for their outcome, Israelis are worth believing.
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Hi Mark,
Your trading results are really convincing, you have earned a handsome amount in a short span and that too w/o much risk It shows your great trading results. As you say you have 12 years of experience but I think its your learning edge which is making you a successful trader. Many people out here may have good experience but are still struggling. I think one need to treat trading as pure business, how much risk should be taken in a single trade, where to buy and sell and where to exit, these are some points which need to be considered before taking any trade. I wish you good luck for the time ahead.
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Its really sad that such incidents are taking place in Nigeria or other parts of the world. I think the worst part is not that kidnappers are asking ransom in Bitcoin but it is that kidnappers exist and govt is unable to eliminate them. If there would not be Bitcoin then kidnappers will find other way to get money as ransom, there is no limit, ,they may ask for any valuable thing. Currently its BTC because its hard to trace transaction done on blockchain and a high amount can be transferred within no time. Govt should take some hard steps to stop criminal activities.
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The best method to increase bitcoin w/o investing your own money is to join bounty projects on this forum, earn altcoins for your work done and exchange these coins to Bitcoins. It seems simple but you need to put lot of hard work to do it. First you need to choose the good projects (higher the number of projects you join, higher are the chances to accumulate Bitcoins), then promote their projects till the campaign ends, you are now eligible to get rewarded. Once you receive your reward, it can be exchanged to any cryptocurrency including Bitcoin on crypto exchanges.
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Bitcoin is mostly being used to transact funds abroad, its rarely being used as money Mechants counters. It is an attractive investment option due to its high volatile nature, it will not be surprising a big amount of money comes into Bitcoin and its value shoots beyond $20K. Bitcoin will more be used as an asset instead of regular currency in daily use I believe, people are considering as high return option on their investment.
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Technical analysis can only provide you an edge to trade, it cannot predict the market perfectly. Its true trader's sentiments moves the market. For day trading one must chose the lower TF like 15 minutes, 30 minutes or 1 hr TF. First and the most important thing is to analyse bigger trend, where 4hr, 1 Day or weekly TF is moving, one should only trade in the direction of bigger trend but it is also important to check if there is any resistance or support in the trend, trades should not be taken near it. It is better to wait for retracement in any trend and enter the trade on new signal. Hope it helps.
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Which platform did you use to transact? If its any P2P exchange then there should not be wait for 2 hours to get your Bitcoins when you have already made a payment. You just need to confirm the payment done and escrow must be released from the other end. I would suggest you until payment time gets over, if you still do not get the BTC then you can open dispute. Your funds must be secured on P2P network. You need not to worry.
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There are many factors involved behind the success of any project.A solid idea, a professional team and great marketing strategies. if any project with common idea is developed by even professional trades it may not achieve the desires success. No doubt a dedicated and professional team is required to build any strong idea and to make it reality. Many new projects lack all these factors, either those projects are not backed by any strong product or lack in professional development of the idea, even some projects fail due to lack of good marketing. Before choosing any new project to invest one should consider everything required for a successful project.
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I think low supply is not the guarantee of any project's success. If the product is good large supply projects can even do better. I joined one project called "Beeasy" in July 2018 whose Total supply was very less (I do not know the exact number but it was around 25000 coins only), its ICO was concluded successfully and bounties distributed, it hit the exchange as well but later disappeared as product was not matured. A large token supply project may get some time to achieve the desired price as it takes sometime to burn tokens provided it has good product behind it.
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I completely agree to the point "Scam projects are killing glory of genuine projects" and current scenario is same. There are lots of scam projects all around which are eating investor's money making investors to hesitate in investing in crypto projects resulting overall downfall of the cryto market. Scam projects are making money in a short time but they are killing the whole cyrpto market that is why some regulation is really required in crypto space but due to its decentralize nature its a bit difficult to implement any regulations for crypto projects. Cyrpto community just need to act against such scams to save the crypto market.
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Bounty projects are really getting worse with every coming days. Even good projects with dedicated team in the beginning are shutting down their projects suddenly, may be they are not fetching a good amount of money which forces them to shut their business. Even the projects whose ICO completed successfully are not doing good on exchanges, value of their coins is not reaching even ICO price. Investors are not much interested in investing their money in ICO or IEO now a days resulting in poor collection and less bounty rewards. Its very important to win investors faith to boost up crypto market. Lets hope things get on track soon.
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I do not know much about dental treatment in Hungry but if it really starts accepting Bitcoin as payment method then indeed its a good news. Medical institutions or clinics generally do not accept crypto anywhere and country like Hungry where dental treatment is popular throughout Europe is surely a good news to share. I hope Hungarian govt does not ban it, if it goes like this, Bitcoin may be an acceptable currency at many retail points there.
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Paypal is not a digital currency while Bitcoin is a digital currency which is very volatile in nature. So there is no point of comparing Paypal to Bitcoin. If we talk about international transactions there are other players as well like Netteller, Skrill and many more but transferring funds through blockchain technology be it in the form or ETH or BTC is very cheap and fast. Due to last bear trend and no clear govt stand on crypto people are hesitating to use BTC and ETH or any other cryptocurrency for international transactions, any positive statement can increase it use within no time.
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Thats true no govt has made Bitcoin transactions illegal. Even China where BTC mining has been banned I believe people are doing BTC transactions. This may be a big manipulation. BTC value is stable for last many days after touching year's low, there is no new money flowing into BTC, any statement in favor of BTC can increase its value drastically and there may be situation which may get out of control. Bitcoin will not be declared an illegal asset I believe.Lets see what is written there for its future.
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