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I don't think cryptocurrency is a solution to the economic problem. cryptocurrency exists as an alternative means of payment and decentralized cryptocurrency allows us to fully control our money without government control. and using crypto doesn't mean the transaction process is safer. in cryptocurrency there is often fraud and hacking. so in my opinion crypto cannot be a solution of economic or social problems. cryptocurreency is simply the currency that we can use for trading and investing.
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Usually, we are trading with market, and we have our own trading logic. But , after you are trading for a long time , you will find you are trading with yourself and the biggest enemy is you.
You may have a good trading logic , and you always earning money from the market , but you are still afraid of lossing, am i right?
Every trader should believe in his own trading logic just like a belief, you can't move it. Lossing are not terrible and you should like it.
So i have some advices:
1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
6. add your trade into a trade journal (advice from @GreatArkansas)
7. do the things 1-6 above again
Does any trader record the reason of opening trade? And how do you guys practice it? Let's talk about it.
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. |
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I think by looking at the state of the crypto market like this we can conclude that currently there are no new projects that are successful and have real uses. most new projects only want to make a profit but have no use. and in the end the project also could not develop and last long in the crypto market because it did not get investors and ended up as useless junk coins. At present most investors do not believe in new projects.
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in the end coins that have no real use and trading volume will become junk and die. New coins do have a chance to develop, but with the current crypto market situation I think investing in new coins is very risky. because some new coins can't last long in the crypto market because they don't have investors. currently some investors do not invest in new projects because 90% of new projects are scam. so I think it's safer to invest in old altcoin. although at present some of the old altcoins are experiencing a deep decline but I am sure when the bull market arrives the old altcoins will experience an increase.
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South Korea is also a bitcoin-friendly country. South Korea's government has legalized and made an official regulation regarding cryptocurrency that every time a crypto transaction using a bank account must use a real name. and the volume of bitcoin trading in South Korea is quite high. but in my opinion the most friendly Asian country with crypto is Japan. if we live in Japan we can use bitcoin to shop, some shops in Japan have accepted bitcoin as a means of payment.
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yes i really appreciate your actions op. so that at least people who initially did not understand about bitcoin will ask and find information about bitcoin. and if that person is interested in bitcoin then op has succeeded in getting people to join the cryptocurrency. the more people who know bitcoin the better. it will make the bitcoin community bigger and stronger. and can also increase demand for bitcoin..
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I think the increase in bitcoin yesterday was the impact of the previous decline in bitcoin. Previously bitcoin dropped to $ 6400 when this decline most bitcoin traders bought bitcoin and it made the value of bitcoin go up to $ 7600. but today bitcoin has declined again. in my opinion until the end of this year bitcoin will be at $ 7,000. and usually at the beginning of the year bitcoin will decrease. we wait for the beginning of 2020 bitcoin rise or fall?
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of course everyone hopes that bitcoin will continue to increase. so they can benefit. but in reality the value of bitcoin is stable at $ 7000. hopefully the beginning of the new year later bitcoin starts pumping again and reaches a price of $ 13,000. and almost all bitcoin holders expect bitcoin to reach $ 20,000 after bitcoin is reduced by half in May 2020. hopefully 2020 is the year for the bull market.
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if crypto disappears it will have an impact on the world economy. maybe the world will experience a crisis because many people have lost their assets. and many people will lose their jobs and income. now we know that many people make a living from cryptocurrency if crypto disappears they will lose their jobs.
hopefully that never happens. I always pray that cryptocurrency will exist until the end of this world.
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bitcoin status is now the most popular and most expensive coin in cryptocurrency. and currently bitcoin has dominated the crypto market by 68%. and now more and more companies and countries are willing to accept bitcoin as a means of payment. developing countries and third countries have also begun to legalize bitcoin. from here we can see bitcoin has grown rapidly. and a statement saying that the bitcoin ponzi scheme is also undisputed. bitcoin has proven that bitcoin is not a ponzi scheme. and I am sure in the future the price of bitcoin will be more expensive.
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I introduce cryptocurrency directly to my friends by explaining and explaining what bitcoin, altcoin and blockchain are. then I also taught how to send, buy and sell tokens. some of them are interested and some are not. for those who are interested they continue to study with me and I also told him about this bitcointalk forum. he can learn a lot from this forum.
and sometimes I also share information about ccrypto through social media. I don't think it's hard to promote crypto to other people.
but is it good to introduce the world of commerce to beginners with newcomers? because in my opinion for newcomers it would be better to provide a little information about this forum first. because in the world of crypto trading requires funds, and I think they will be difficult to be interested if you spend funds sorry I forgot to mention the first thing I introduce to a beginner before selling coins is to join an airdrop or bounty campaign. when they have gotten tokens then next I will teach them how to sell. You are right we really should not directly introduce crypto trading to a beginner because it is very risky. better teach them about airdrop and ICO. |
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in my opinion the altcoin season is still far away because if we look at CMC most altcoins only increase 1% - 5% and then when bitcoin goes down then altcoin also goes down. and I see there are still no signs of a bullish market for bitcoin even though the current dominance of bitcoin reaches 68%. I think in 2021 the bitcoin and altcoin markets will experience bullish. because bitcoin will be reduced by half in May 2020. and maybe a year after decreasing bitcoin will pump high and make the altcoin season arrive.
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the number of bitcoin ATMs every year continues to grow and currently there are 5000 bitcoins around the world and there are 90 countries that have bitcoin ATMs. and currently I live in a third country and in my country there are already 3 bitcoin ATM machines. so maybe if you want to research the majority of developing countries and third already have a bitcoin ATM. and in my opinion the presence or absence of a bitcoin ATM has nothing to do with adoption. Bitcoin adoption can be realized when bitcoin can be used significantly.
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everyone has different choices. in my opinion the coins after bitcoin are litecoin and ethereum. I chose Litecoin because the transaction costs were cheaper and faster and the price movements always followed Bitcoin. if bitcoin goes up high then litecoin will also go up. and I also chose ethereum because ethereum has smart contract technology and there are already many companies that want to accept ethereum and I also heard that ethereum will launch ethereum version 2.0. so according to 2 coins this is a good coin after bitcoin.
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I think everyone has different decisions and speculations regarding the price of bitcoin. usually I will buy bitcoin after I see the value of bicoin has decreased several times. like yesterday when the value of bitcoin fell from $ 8000 to $ 7000 I would stay calm and wait again. then if bitcoin falls again to $ 6500 I just buy bitcoin. so my principle is always to wait a few days after the decline. and I think right now is the right time to buy before the price of bitcoin rises again to $ 9,000. but this is only speculation that can be right or wrong.
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Yes, although blockchain technology is serving the growth of bitcoin and other alts, it is two completely different individuals. Blockchain technology can use any kind of individual to record on the ledger, Bitcoin is just one of them. So blockchain technology thrives our economy will certainly go up but for Crypto we are not sure. Anyway, I still hope that someday blockchain technology will be widely used in many countries, it will be an opportunity for sales businesses to grow strongly in many countries. do you think so ?
yes I agree with you if one day bitcoin crashes and is replaced by other coins. then the blockchain technology will not be lost because this blockchain is a technology that can be applied in all fields not only cryptocurrency. there are already several banks and companies that have adopted the blockchain in their transaction system. and I'm sure the number in the future will increase. but I never thought bitcoin would crash even though the current value of bitcoin does not mean that bitcoin will end. I'm optimistic that bitcoin can still pump again. |
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of course my hope in 2020 is that bitcoin can pump after being reduced by half. and reach the price of $ 20,000
but if we look at the history of bitcoin in the past years. bitcoin will only pump up a year after halving. meaning bitcoin will pump high by 2021 so I think we have to wait even longer.
and we also have to be ready if by 2021 bitcoin doesn't pump as we wish. because bitcoin is not necessarily all the possibilities can occur in bitcoin.
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in my opinion currently investing in new coins is very risky to suffer losses because we know these two years 90% of the ICO scam project. and some projects can also enter exchange and reach softcap and hardcap but then cannot last long. coins continue to decline and eventually crash. so for now I will not invest in new altcoin. I prefer investing in bitcoin and some old altcoins like Litecoin and EOS.
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yes i think op score is correct. Because I also don't have information about who owns the most bitcoins.
and in my opinion no one knows for sure who holds the most bitcoin. because bitcoin is anonymous and there can't be anyone who announces that he has a lot of bitcoin. because it is very risky. and in my opinion it's better like this with no idea who owns the most bitcoins so that it keeps decentralized and safe.
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I think right now we can only wait and continue to pay attention to the big things that happen. and pray that those big things can have a positive impact on the price of bitcoin. the past two years we have been in the bear market the value of bitcoin and altcoin has continued to decline. hopefully next year we can enter the bear market. and in 2021 I really hope that bitcoin can reach a new ATH.
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