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141  Economy / Trading Discussion / Re: Why newbies lose huge money in trading on: July 22, 2021, 10:05:31 AM
Experience can not be 100% thought but have to be built over the time you spend trading and the best experience is the one you gain by your activities and mistakes, most newbies lose money because they are always in a rush to make profits and thinking they already understand the cryptocurrency market but not knowing there is more to trading that only time and practice can teach.

If they listen enough to the ones who advised them they will not put a lot of money at stake. It was also advised to me not to put trade more than I can afford. But I do invest to hold when there is a bullrun. Even the pro traders lose money at some point.

But then, of course, getting ready to profit more is inevitable. One day or the other a newbie will be confident enough and then fail. Its always okay to lose that's how we learn.

Indeed. If they listen to someone's advices especially to those people who knows very well in it, I guess they will never experienced loses. They have lack of experience and strategies especially techniques on how to trade. A newbie that somehow lose a huge amount of money maybe because of those errors they did or else they never planned on trading and maybe have a hard time on the budgetting part. But, experiencing loses will help us learn a lot on this.
142  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is the Best coin in 2021 on: July 22, 2021, 06:09:49 AM
I think I will go with either BNB or ETH considering how they performed this year plus all the recent update coming for them Is really been crazy year but eth and bnb technologically did great than the rest

Personally, I rely primarily on the manufacturability of Ethereum. However, of course, you cannot bet on just one coin.
Obviously, everyone should have both Ethereum and BNB in their portfolio, because in fact these are the fundamental ecosystems of the current crypto market.
It might be, but, no one knows or could tell what really are the best coins this year 2021. It might be there are lot of good coins for a long term that has a good potential but I prefer Bitcoin and Ethereum, these coins are still my bet because as we can see how these coins are dominant in crypto currency world since it started way back 2012. About gaining profit, there are ups and downs on it depend to the market situations but still we must insert some techniques and some effort to become profitable.
143  Economy / Trading Discussion / Re: Where do you get trading advice and tips from? on: July 22, 2021, 01:33:17 AM
signals in the first place are not really accurate. and those paid signal groups, usually, only the owners are getting advantage from their services. i don't have anyone that i follow to get those trading tips. experience that i gained throughout these years, those what i am banking of. it is hard to trust someone else's piece of advice because we dont know their ulterior motives. better trust your own instincts.
Your advice sounds correct, yes, we should be confident in ourselves, when making trades, even if we always make mistakes and lose a lot of money? the fact that the forerunners have more trading experience, and they often predict what will happen next with a higher rate of accuracy than the novices, it is certain. Although, in some cases, predictions can be wrong, but at least, those predictions are more accurate than newcomers can think. I'm not saying that we should look for and trade in groups of buy and sell signals, it's stupid. Instead, we should learn from those with experience
I think some people go through something similar, having confident in ourselves when making trades but losing a lot of money is another thing. If your already confident on the coins you are holding, just make sure it was really trusted where you make lot of research about it. Some people might predict what might be happen for the some coins in the future but some predictions might be wrong but at least it will help those newbies to learn about it where they can think some techniques they might do for them to not lose everything they work hard for it. It is not wrong and stupid to trade in a groups of buy and sell where you might be losing some money you have but it will give us some knowledge and learn of all that we experiences. You might also get some advice to some people who already knows a lot in this trading as long as you don't pay something in return. Having reference is not bad but don't fully rely or follow on it because it might mess your mind where you will encounter situations that you don't know already what to do. But, it's up to someone when those tips and advices are relevant and very helpful for them to follow or not.
144  Alternate cryptocurrencies / Altcoin Discussion / Re: The right time is now! on: July 21, 2021, 02:09:08 PM
I think the right time is now for those who invested from last year since ethereum and bitcoin not yet risen up their market value and from now they would've get much more profit out of its increasing price. But if you plan just for now, maybe you could also get profit but the risk is big since after bitcoin and ethereum coin reached it's peak prices, now they decrease a little bit or i might say going to decrease now.

Well, now is the right time to invest immediately because the price is still cheap. I often hear comments saying they are late buying bitcoin and ethereum when the bitcoin price is $60k, they have a target if the price is below $50k they will buy a lot, but after that happens they are also still waiting.
Indeed, I think it is the right time to invest since the market price is still cheap or else buy some coins to add up to your investment. Ethereum and Bitcoin are still red in the market but still people who holds this for a long time are still earning because they trust on it and they are so careful on investing when they dont know something or some techniques they might do. Bitcoin and Ethereum are the best crypto coins based on my research, which is very suitable for long term investment to gain such profit and very safe to used for investment.
145  Economy / Trading Discussion / Re: Trading is not a Game . on: July 21, 2021, 10:13:55 AM
 All Traders has a big knowledge regards in trade they never expected to win in trade cause they know that in market the cryptocurrency in trade is Volatile and everybody know that in trading is unexpected wetheir we lose or win.

  Some newbie in trade and they have not enough knowledge regards in trading after that they take a risk an they just lose, all they will say that trading is a scam ,fake, not reliable, and not Good to trade. That's why they lost their faith about trading . That's why some traders here give some advice on how to trade or before you trade we must learn how to enter in trading.

That’s true whatever you said.
And to be honest it’s also a fact if we see honestly.
Most newbies are here to make money, rather than give time on how to make money.
Without proper knowledge if you invest a big amount in trading, then God too cannot save you from becoming bankrupt.
What you can do instead is research and trial before going into trading.
Trading is not just a win-win thing without even doing something great on it but trading includes knowledge and a good skills in research to know more on those coins that gives a great profit. If you don't have enough knowledge in this kind of investment and you invest a big amount of money, then it might lead you to bankruptcy. Trading will give some effect and sometimes lead to scam for some newbies who don't have a proper knowledge in this cryptocurrency world. Sometimes newbies encounter a fake, not reliable and sometimes those coins that are not good to trade. Maybe sometimes other traders gives those newbies an advice on how to trade in a good way and what techniques they need for them to be successful that will surely lead them to happiness.
146  Alternate cryptocurrencies / Altcoin Discussion / Re: Holding 5 years a just a imagination on: July 21, 2021, 04:25:24 AM
The cryptocurrency market is volatile. If we want to hold a coin for a long time, we must choose a currency with a long development time and a strong foundation with perfect technical support, and keep abreast of the market conditions and price trends of the coins we hold.
Choosing a coin that is good for long term holding is really necessary if we dont want to lose our hard-earned money. Most of the coins existing nowadays are just here because of the hype and has no utility to survive the different market situation.

Established coins are the best choice for long term investment because they already prove something that other coins dont have. Although it takes time to profit atleast they're unlikely to be delisted in exchanges.
Absolutely, especially if you choose the coins that has a good fundamentals for a long term investment. Holding is a great technique when the market price goes down to not lose the money you earned for a long time because as I observed, coins that exist nowadays are the coins who follows trade ideas and especially those trends in the market and has no utility to survive to different market situations.
Those coins that are really trusted are the best choice for a long term investment because as the years goes by, they already had proven something in the crypto currency world where people really wants to be in it. Even though sometimes it takes time to make a profit in those trusted coins but at least it give such a small amount or price.
147  Economy / Trading Discussion / Re: Small capital and Big capital on: July 21, 2021, 01:11:04 AM
Its how you manage your capital. Whether its a small or big, the important thing is that you can afford that capital to lose as this trading is like a gambling where you can win big or lose unexpectedly. Though when I was a starter before, I have started just small capital and then make it big when I've learned already some tools like technical analysis.

Most certainly, you need to build not just your confidence but also the knowledge to grow and become a good trader regardless how big your fund is.
Indeed, it's how you manage the capital. Whether it was big or small as long as you know how to manage it and how to use your skills to gain much bigger than you expected. It's also about how you will accept such loses in trading because trading is just like a gambling where you might be able to lose big amount or lose just a small amount of it unexpectedly. When I just started in this kind of investment, I started just a small capital while learning other techniques for me to invest bigger than before. But, the first thing must do is to build confidence in investing something and have the knowledge to become a good trader and be a good researcher to start grow your capital and get the higher amount you wanted.
148  Alternate cryptocurrencies / Altcoin Discussion / Re: The market situation is deteriorating day by day.. on: July 20, 2021, 11:28:21 PM
How are you my friends i hope you are all well. There are two types of people in the market, some big investors and some small investors, Big investors don't care about this situation but it is very sad for small investors. When the market falls sharply, I wonder how the market situation can suddenly do that. I know that market graph charts and news mean a lot, But if you look at them, the market is going in the right condition, then suddenly it starts falling down, for no apparent reason. This shows that the market is taken up by itself and then brought down by itself. I want to know how long this market situation will last, And when will the market start to go up?

To be honest with you mate, I was really not feeling good as of today's recent update particular with btc price. Bear market existence is already showing aggressiveness but bulls was heading towards the resistance. Most probably small investors panicked because of this, but not for big ones since opportunity of buying huge quantities is there.
When there's another potential panic buying, market starts to trigger a faster increase and we will witness another signs of recovering market.
149  Economy / Trading Discussion / Re: Small capital and Big capital on: July 20, 2021, 10:30:13 PM
Trading and investment is a game of numbers and moreso how to use the numbers judiciously while properly applying the knowledge. Some people say small capital is the best to start trading with while others say small capital will leave you with limited choices that the best is to trade with big funds. Starting with big fund will always be the best provided the user is able to manage it. So many things are connected but I conclude that big capital is good but a good trader can work with small and big funds and make profits with it. Let me hear your opinion on this!

Good trader starts from nothing, they also learned from their failures but don't make that expensive by using huge amount of money. All of us can start with small capital, for us to acquire better learnings in trading. Big capital is risky for those newbies who also aimed for huge returns for their money but too dangerous because losing is highly possible.
150  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Why the hate on binance exchange on: July 19, 2021, 11:27:30 PM
Is there any tangible reason why binance exchange is been hunted? It seems they just hate success or what? Anyways no matter what they try CZ is a determined fellow, that's why binance made it this far, it's my best exchange and won't be changing any time soon

Behind all those things happening, I guess there's a purpose and for all those hungry for money and power they will do things to pressure binance because of money. Their devious intensions will soon be revealed, because CZ's determination won't be shakin despite all the allegations of binance. This exchange popularity made them more envious, so they'll always find more errors rather than good.
151  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Does technical and fundamental analysis help? My example. on: July 19, 2021, 11:06:11 PM
To my mind the only time when TA can work is when many traders look at charts and see the same patterns, so they make similar decisions and then it makes the price predictable. But to my mind relying on FA is more reasonable, as it shows the real potential of a project.

One more thing of great importance is news. It can change price very rapidly, but fundamental value is definitely more important for long-term investments than anything else.

The news has a manipulation plans, and based on 2017 history it really affects a lot of followers who lost because of that. Technical analysis went in reverse after few years and then suddenly btc reached $20k up to $60k in history. So, better choose to holdle and apply long term on our plans in order to have brighter future.
152  Economy / Gambling discussion / Re: Is gambling attracted to emotion or luck on: July 19, 2021, 10:45:14 PM
I have noticed that sometimes when I gamble, I used to win unexpectedly even when I never intended to bet. The most shocking thing is that I usually win when my mind is not that prepared to gamble probably jokingly. Anything I'm focused and well prepared I usually lose. I don't know if this is affiliated to luck or just emotions. Does this happens to others?

Emotions is basically the factor that leads everyone to lose their bets, and also I experienced that situation during my teenage days betting on lottery. The more I wanted to win, the more I was fascinated to gain lucky wins. That's why don't take this situation as a joke, control yourself before gambling makes you out of self control.
153  Economy / Trading Discussion / Re: trading needs consistent attention and full concentration on: July 19, 2021, 10:23:21 PM
When you're into this type of income generating ways in trading, attention and concentration was just a matter of desire. If you don't have that, I guess trading wouldn't become productive because for me that's a career which involves skills and knowledge. Every successful trader undergone several challenges, however they're able to handle everything despite of struggles.
154  Bitcoin / Bitcoin Discussion / Re: Pride and prejudice against cryptocurrency investors on: July 19, 2021, 09:59:57 PM
I totally do not get your friends who work in internet,,, why are they talking about mining only when Crypto industry is far bigger than that (and besides, which internet worker these days actually knows how the internet infrastructure really works unless they are IT engineers). And who needs to know either?

Anyway,,, I think it is silly being prejudiced to any job. Crypto people are terribly prejudiced towards banking jobs, when they do not realize 99% of shitcoins and even Bitcoin is dependent on it in most places.

Same scenario applies on this mate, even hard earning people also prejudged us in crypto because as they've seen us embracing success envy will caused them to back bite us through wrong perceptions. We all had pride, but it only depends with our way of handling it when we face our friends who didn't have much interest in cryptocurrency. Shitcoins or good coins, that doesn't matter as long as profit follows.
155  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Cryptocurrency has best future? on: July 19, 2021, 09:23:05 PM
I am positive and determined that top rising coins like eth, xrp, bnb would come to a situation that their future will become more fruitful and profitable. Adding up those new coins that will soon hit the milestone of success, there's a lot with bigger potential which would applicable to world's leading market. There's also with active market now which is wpp token, and I think this will be raging towards competition as soon will be listed on popular exchanges like binance.
156  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Time to buy some low cap coins on: July 18, 2021, 11:44:25 PM
I still can't buy a low cap coins based on the presentation, eth and btc was just my priority asset because I couldn't afford to trust with others. You had a good idea to share that thoughts of yours mate, hopefully you'll get what you deserve to acquire soon. Many times low cap coins took so deep during bear months, I guess today isn't a good time to add them on our lists.
157  Economy / Trading Discussion / Re: Where do you get trading advice and tips from? on: July 18, 2021, 11:24:34 PM
These days, as more people become more aware of forex and cryptotrading, There are a lot of people giving unsolicited advice and tips as regards the subjects. The big question is who and where do you take your trading advice and tips from?

Do you get your trading advice and tips from a self acclaimed trading guru on YouTube or some social media platform who sometimes make most of their money from selling courses and not really trading?
Or do you take trading advice from this forum?

Do you get advice and tips from some telegram group you joined? Or do you get advice and tips from your friends?

I do joined some telegram groups for the tokens that I hold, but I don't exactly follow their motivations because what I seen on the market depends on real trend. Advice only give me references in times of doubts, but not applicable everyday because some of members was spammers. I only absorb reliable discussions in order to have a healthy outcome for my profit.
158  Alternate cryptocurrencies / Altcoin Discussion / Re: Dissapointments of the creation of the thousands of failed altcoins. on: July 18, 2021, 11:06:57 PM
The decentralized feature of cryptocurrencies market is responsible for creation of tons of shit altcoins of course most of their developers abandon those project mid way to their roadmap thus rendering those altcoins worthless in fact Binance recently delisted some shit altcoins recently, I believe those  developers created those shit coins in a bid to make money and later abandon it afterall there is no regulations in cryptocurrencies market thus any Tom, Dick and Harry can clone any of the existing coins in the market and launch an ICO to generate funds. Investment-wise it better to invest on already established altcoins majorly picking from the top 100 in coinmarketcap.

I am not sure if the majority of tokens and coins is listed on coinmarketcap, but for now there are close to 6,000 listed. I think it's a no brainer to conclude that 95% are really just scams and money grabs. The sad part isn't the number of coins though, but rather how often these scams worked out for them.

As I've checked on coinmarketcap listed tokens, there's a lot of project has be untracked and most of them was those soaring high during 2017-2018. Ico project tokens has no definite community support, though there's some random selected asset was gaining success but let's be wise on selecting which would be the best picks. To overcome disappointments, just choose the list from top 10 coins to satisfy your desires
159  Alternate cryptocurrencies / Altcoin Discussion / Re: Huge gains and still holding ? on: July 18, 2021, 10:35:18 PM
The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

Pertaining to greed, I myself encountered that and until now I've been into regrets. All those failures made me learned a lot but we can't prevent ourselves to recall those times we've been into greed. Eventually you'll overcome when another opportunities will come, then moving on is the key to keep motivated again for a new chance to recovery.
160  Economy / Trading Discussion / Re: If you aren't reading you shouldn't be trading on: July 18, 2021, 08:59:51 PM
I agree with your statement, because cryptocurrency technologies are growing every day, and the mechanics of trading are also changing, if you do not read and analyze the market, you risk losing everything.
Every day a lot of events happen in the world, all this information dramatically affects the approach of a cryptocurrency trader.

Even you don't analyze, bear market will exist and you tend to worry in times of no assurance because of unpredictability of cryptocurrency market. Growth of cryptocurrency affects our daily living, specially if your income relies on it. It's very hard to handle, and you can't afford to lose bigger amount in order to keep profit sustain in the long periods of time.
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