Losses are the part of trading. Honestly speaking I have lost ample to my capital in trading. Even today after an experience of 8 years in trading I lose many times when I break the rules. Trading is not about losing but its about being disciplined. If a trader trades with discipline he/she can avoid losses and have more winning trades. Losses can be reduced by planning a trade and be disciplined in executing it, accept what market gives you, do not fight with the market.
I agree with this. That is the reason why a lot of people are losing money in the market because they keep resisting from the data that the market is giving to them. The charts and the data that we are seeing from the market should be the guide to decide if we will cut our loss or if we are going to continue holding our position. |
|
|
|
Indeed, now we have to be patient waiting for the market to rise again, if we pay attention to the price movement for several months
not volatile. This makes it difficult to obtain large profits, but we must remain optimistic about the future of crypto trading. Now it is
natural that bitcoin and altcoin prices do not show fluctuating price movements, because we all will face christmas and new year. It's better
for us to take a break until the new year ends, and start trading in early 2020. Definitely going there is a surprise price increase, and if that
happens we will more easily generate large profits.
If you really observe the movement of the market, you will see a lot of opportunity from the past few weeks that are given by the altcoins in the market. There is always an opportunity in the market and you just need to analyze each of them in order see and to filter the good opportunities to bad ones. You have to do it by yourself and do not depend on other people's recommendation so you will be able to maximize the profit. |
|
|
|
|
If you want to make sure that you are earning in trading or by buying and selling cryptocurrencies then you should set a specific target for profit taking and for your stop loss. You cannot just convert your bitcoin to fiat and vice versa when you just see a green or red in your portfolio. It is better to give it a time and always plan your trade before you even convert your money to cryptocurrency.
|
|
|
|
KYC is very important for the crypto community and users, crypto has entered the world of government and companies, this indicates mass adoption, if KYC is not done maybe money laundering will always be done through crypto currencies, and of course the view of crypto currencies will get worse
Even though there is a KYC, there are still money laundering in cryptocurrency because it is so easy to stay anonymous with cryptocurrency and through the mixers that we have for the cryptocurrencies, it is still a difficulty for authorities to chase the launderers down. In terms of money laundering, KYC doesn't help. |
|
|
|
I believe it will remain volatile for the next few years, maybe after then it would have found a way to stabilize. But currently enjoy the ride and hodl your btc and continue to hope for it to rise more  Yes we know crypto really well that price can never remain the same and it will get change somehow so we should move according to its volatility mode and we should buy some coins at the falling price then keep holding and waiting for time to be high again. Yet we should go for buying as prices are so low and have chances for the market to pump again. That is the common cycle of the market, when the prices goes down hard then the price is expected to have some bounce back to the high prices again. Volatility is normal to the market of the cryptocurrencies and we should not be afraid of it because we all know that at the end of the day, the cryptocurrencies will reign and become mainstream. |
|
|
|
|
There is a lot of governments that are against to Libra. It is a huge pain for them to experience this type of resistance from the government and there is no question for me why most of its partners leave their circle. In my opinion, it is useless currency because we already have cryptocurrencies in the market that we can use to execute fast and secure transactions.
|
|
|
|
A logical answer to that question would be - Money is never enough for anyone. Even the richest man on earth still finds a way of making more wealth. Whatever the price of Bitcoin (whether now or in the nearest future when several halvings would've caused price to jump), no one should relent in accumulating more Bitcoin if they know how to.
But to set a goal, it is quite possible. There are people who knows and are contented to reach their achievement. It is not necessary to always save much money and invest too much, we all know people have needs to, and setting up a goal for them to achieve is one way of making their goal possible. For example if a person wants to save for a house then he will then try to set a goal of 10 BTC, with that, after he reached his goal, he could totally stop investing more and just wait for it to double or even triple. They might end up spending future bitcoins that they could earn just like budgeting our daily allowances and money. You are right but it is more comfortable to have a lot of money to spend rather than living on a tight budget. I would suggest once you achieve your goal of bitcoin then you should diversify, cash out some of your money there and put it into other investments that can give you a good amount of revenue to slowly increase your cash flow which will make your life more comfortable. |
|
|
|
|
It is combination of the pattern that we are seeing today and also the fear of the uncertainty for the future. We are slowly heading towards recession and it is an opportunity for people to build wealth fast because they can buy a lot of cheap good stuff when the recession comes. Do not be afraid of it because it is part of the cycle of the market and all you gonna do is to save money and keep it as your ammo.
|
|
|
|
|
With the bots joining the game of trading. I believed that it is not profitable anymore to do arbitrage because the spreads are so tight and there are bots that will adjust easily once the spreads are wide. It is better to do other type of trading like margin trading where you can make quick bucks by just shorting or longing your chosen market.
|
|
|
|
|
Here is my opinion, stop losses are liver safer rather than an evil. If you put up a stop loss, then it will lessen the risk of losing more money because you will be automatically out of the market once the price reaches your stop loss. In the cryptocurrency market, since it is volatile, you should give a decent allowance to your stop loss level in order for the market to really move on its own way so you will not get stopped easily on a false breakout.
|
|
|
|
|
It is safer to use exchange or buy peer to peer rather than trying to buy some bitcoin and altcoins in a forum. There are scammers who want your money and it is not that practical to risk it to an anonymous transaction. Find a group that is related to cryptocurrency in your area and do some advertisement there that you are buying cryptocurrency through social media posting.
|
|
|
|
Do you ever trade at work or trade on your work computer? Any reason why you think this might be a terrible idea?
First of all it is not safe to use your office system for login to your crypto related accounts because it has risk of someone could access to your account with the credentials you entered in your office,because all of them will connected to master server which may record those things. And we may not have enough concentration on our trading activities if we are doing other works along with so just do trading in the dedicated time if you want to make profits. You can still use your office system to log in your cryptocurrency related accounts and you just need to make sure that you have 2fa authentication for additional layer of security. To be safe and to not leave any tracks of your activity, you can do all of your cryptocurrency trading activity at a private browsing so you don't need to mind the data. |
|
|
|
Definitely it will boom once it hits by next year and market will recover. We just need to make sure that we have accumulate and take advantage of the market and make profit once it rise up.
And i think the month before the halving the value of bitcoin will soon go up and after that it might crash a little bit just like the previous halvings. So wr need to take advantage of that day.
I also believed that is what going to happen next year, the halving mean so much to the investors and miners so it will be a crucial event for bitcoin and it will probably hype up the market so we can expect a huge move for bitcoin. Cryptocurrencies will continue to boom because of the countries that are now really taking it seriously. |
|
|
|
|
The blockchain is a separate thing from bitcoin, bitcoin is only an asset that anyone can trade but it doesn't equalize to the potential success of blockchain. Blockchain is a revolutionary technology that our world needs because it will give efficiency and also a form of security for any system that will use it.
|
|
|
|
one more inconvenience in holding gold , it is harder to sell it fast at a a good price if you need money immediately
bitcoin could be volatile as hell , but at least I can sell it any time of a day in a matter of seconds without leaving the comfort of my home
I too initially thought it would be hard to sell Gold quickly, but I'm kinda surprised by how many places you can actually sell it to. The only difference is how close to spot the different places will offer for your Gold. Generally, the prices are 1-5% below spot, where in some cases you can actually get spot if you for example have an in-demand Gold bar from a brand like Perth Mint with its assay case intact. Bitcoin can be sold at any moment on an exchange without leaving the house, but you don't have the fiat in your bank account. To do so you have to request a withdrawal of your fiat which could take a couple of days. Selling Gold to one of the many places near you yields direct cash. a good point , maybe I should look into gold further I haven't tried to sell it for quite some time and was convinced it would be a drag and yeah fiat and banks can be a pain in the neck with the clearance times , unless you are willing to accept low rates and use one of the exchangers they process it faster and usually the money is on my card in under a day GOLD is considered as god's money because even in primitive time gold is valuable. Even now gold is becoming more expensive and the demand to it is continuing to grow. There are a lot of differences between bitcoin and gold. The bitcoin investment is more risky and it considered as speculative asset because its price is so volatile. The gold investment is secured investment but the gain that you can earn is low because of being secured where the risks are only low. Gold was used in ancient times because they were not having all those facilities that we have these days or else plastic money would have been popular back then. This is totally ridiculous to compare bitcoin with gold because both are totally different in nature. Gold is no more used as investment. It is refrained to jewelry but bitcoin is latest currency and is highly used for transactions. Bitcoin has higher profit rate. Gold as a limited supply and it is not that easy to acquire pure gold. With that being said, gold is still investment because it has a price and demand in the market and you can see at the chart of gold that it has an inclining price and if you buy gold and hold it for a few years then you will probably get some return. Additional, gold outperformed most of the commodities in the stock market. |
|
|
|
The answer is partially yes because stupid people can make inherit money/properties/assets or win a lottery but there are 99% chances that the money shall soon leave them or they shall soon loose all the money to the wiser folks.
Nowadays, a large majority of the billionaires are those who inherited their wealth. Examples range from Mohammad bin Salman of Saudi Arabia and Gina Reinhart of Australia to the current president of the United States (Donald Trump). A few such as Mark Zuckerberg and Sergey Brin have managed to make a fortune for themselves. But the number of such individuals are not increasing. Yes, only a few make it to the top. But there several young who are innovative and you can see their enthusiasm to succeed. I hope that the government of any country will continue to mould the young minds and support as possible to give these young a break to succeed. Yes, the government should support that young generation who wants to make their future even brighter with crypto coins. Poor people need money to invest but when they invest at the wrong time it makes them pay only buy no profit. Better keep gates of investment open and available for people of a country so they will rock their investment profitably. Governments have this responsibility of creating avenues of investment for young people who are full of beans to make their futures brighter by utilizing latest technologies. Crypto currencies are the future of the world and people are eager to learn about this technology. Those governments who are helping their young ones in this regard are the ones who will be ruling crypto world in the near future. There is no doubt in this fact that digital currencies are the future monetary system of the world and they would be gradually legalized all over the world as more awareness spreads about them. Governments shall try to keep their young ones updated about latest trends of the world so that they become better citizens of future and are able to deal with future challenges effectively. Teaching about cryptos will prepare young people for better future. Encountering and learning cryptocurrency is now inevitable, it is the future and people have no choice but to comply with this growing industry. Digital currencies will be the king of the monetary system and we will have a cashless society with less hassle because of the fast transaction and also cheap transaction fees. |
|
|
|
In my early days, I used to think that Bitcoin will reach more than 50k$ and I was sure that it will reach there soon so 1 Bitcoin was enough to have. I worked and got my payments in Bitcoin and started accumulating but over the time I had to sell my BTC for my spending. Still I feel 1 Bitcoin should be held and rest can be used for spending.
Even if bitcoin reached $50,000, 1 bitcoin is still not enough even though you are living in a third world country because you should consider your monthly spending and the type of lifestyle that you want. Increase that goal of 1 bitcoin and try to do trading so you can have a faster progress to reach more bitcoins. |
|
|
|
Before investing in a coin, we should know clearly the background of the coin, especially for new coins.. it would be nice if discussing first with other crypto-enthusiasts, usually they will give us some advice. But I personally prefer investing in popular coins like bitcoin and ethereum compared to new coins.
Low risk and low profit are for popular coins, but if you want to consider the high risk, high reward, you should probably invest in new coins. Research about the coin and every bit of its background and you will be good to go. New coins can pump and go to the moon just like any other coins if the team is responsible and want to coin to be successful. Simple as that, if you want high risk, high reward type of investment, then invest in a new coin. Yes, the low cap coins and the newly released coins are most likely to go up to x10 from its original price. One of the thing that you can consider before jumping into a low cap coin is the hype. You should determine first if there is a hype behind that coin because the hype will help you to reach your goal faster because it means there is a demand for the coin that you are about to invest in. |
|
|
|
|
If you are going to trade with leverage then 2 months will be a lot of days for you to double your capital. Maybe in just a few days, you can easily double your capital with margin trading. If you are going to just trade altcoins then it is still possible because the price changes of altcoins are crazy and you can earn up to 30% in just a day with altcoin trading.
|
|
|
|
That's why its necessary to have a good stop loss and exit plan strategy once the price hits the ATH or the price range that you planned on cashing out, you should just do it and dont let a big dump wash away the profits you've made cause by the whales who are hurrying to liquidate their profits.
Especially, when in this current date a big move is coming this is really interesting times.
Yeah whales can't do anything if all the people are having a good trading strategy, placing a stop loss is always needed in crypto currency trading if we don't want to stuck in the whale's trap. Whales are getting richer because of the traders who eats their trap and FOMO in every condition but ended up loss or stuck and hold the loss coin for a long time. All people having a good trading strategy? Nah that won't happen though, only people with a good understanding in the market or having a good technical analysis will make a sure good profit. If you are not watching the market and is careless in trading then the possibility that whales would eat your investment is very high. That is the reason why we should be focusing in enhancing our skills in technical analysis before risking any of our money in the real market. Whales have a lot of bullets to fire in the market and as an ordinary trader, you should be wise and smart in every moves that you will be making so you can make sure that there will be no waste from your limited bullets. |
|
|
|
|
Show Posts
