OP posted a good guide that can help newbies in trading to avoid committing the common mistakes in trading. There are other post's on this thread that are also helpful like the one in the first page that says "PANIC-BASED DECISIONS". This is the most common mistake, when you trade leave your emotions at home or in another room. One of the worst enemy of traders are their emotions.
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To those who claims that its very very easy to trade Bitcoin must be out of his mind even if you are using a bot to trade for you, there are times bots can't figure out if it will place a buy order or sell order due to the current market conditions. OP is simply promoting a system or a bot that helped him earn from Bitcoin trading. I would rather trade manually than trade using a bot. The only advantage that I see in using a bot is, bots don't have emotions and it will only place an order once it reached the condition that the owner placed in the settings.
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I am beginning to love the multicolor game on auto mode. Tried it today for the first time since I am always hooked on dice game only. To those who have not tried the multicolor game, try only a few spins ad you'll see what I am talking about.
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Don't wait for the bull to run. Look for other opportunities that will help you gain profits even when the bull is not running. Take a look at coinmarketcap and you will see Altcoins making big moves even when there's no bull yet. Biggest gainer in 24 hours is Monacoin at 55%, next is Statis at 52% and Waves at 47%.
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It's always a good time to get into crypto trading. 72 hours ago BTC is at $3,200 USD and now its $3,750 USD. If you bought Bitcoins last December 16, you already earned 17% from your capital. Even if Bitcoin starts to slide down and you lost 5% to 10% there's still opportunity there to earn as price of Bitcoin is very volatile and price will recover eventually.
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We had quite a few cases of guys burning casinos in Philippines too in recent years so it does seem to show that people there are highly addicted and that casinos are not doing much to stop them. Duterte maybe can add casino gangsters to his hit squad list!
That crazy guy who attacked Resorts World Manila last June 2017 and left 38 people dead is an isolated case. That guy owes a lot of money to loan sharks inside the casino. He even sold their property at a very low price to pay for his debt and the remaining cash he got from selling a land that he owns was used to ... gambling. That area in Pasay City is beginning to be a gambling hub in the Philippines. You will see a lot of newly built establishments for gambling and most of them owned by Chinese businessman, what saddening is that they prioritize Chinese nationals to be their employees than hiring locals from that area.
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Its not a bad thing to make small profits. You are still learning and even then making a small profit is an achievement. After all I dont expect people to make 1.5x profits in this bear market. Selling at loss though is not something I would advice. If you bought at even lower price then its not bad but overall I believe there is possibility of bitcoin going even more in uptrend if you look at 5-10 years ahead from now.
Stocks on the other hand and not exhaustive of crypto investments. Putting in fiat and crypto to use does keep your total portfolio diversified.
On times like this, small profits is better than small losses. 1% to 2% gain per day is not bad at all. Accumulated in 1 month, that's over 30% of you are consistent in gaining 1% or even higher. No investment can offer such returns in a month. However as I mentioned, at this trying times in trading, gaining at least 1% a day is hard, you really need to focus and sell right away when you see that you already reached your goal.
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That's why its not surprising if you notice in Manila, condominiums are being built left and right and you might be wondering who will live there or who will buy specially the monthly amortization for such condominium units are absurd. I had a chat with a sales agent for condominiums and she said they have a lot of buyers lately, some would even buy 1 whole floor and they noticed that the people who moved in are Chinese nationals. Most are employed in BPO's engaged in online casino operations, forex trading a few who are involved in construction.
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i have a brother. he read a lot of book about trading. i see that he get money. he win all of his trading
Books can give you knowledge on reading trends, forecast what will happen and could have happen, however, in the real world and trading cryptocurrencies included, its different, there's a different scenario on each trade. You can't apply what you did when you bought a coin yesterday as market may change and can change in an instant, specially trading cryptocurrencies.
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Regret if you did not enter at all and be just an observer. Trading is fun if you don't include your emotions when you trade. It's like going back to school and studying because you have to study how to use those charts, tables and trends. After that, you study the project, you can't just buy any coin that you like, study first what project are you planning to buy.
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Interesting match up between Cris Cyborg and Amanda Nunes. Looking at the fight record and statistics for both fighters, Cris Cyborg is ahead of Amanda Nunes in terms of striking accuracy at 58% versus 51% for Amanda Nunes. Cris Cyborg is on a 10 fight winning streak while Amanda Nunes is just 7. Same with knockouts, Cris Cyborg is ahead at 17 while Amanda Nunes is at 11. Amanda Nunes is ahead at 7 first round finishes while Cris Cyborg only have 2.
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Is it right to think that the promoters or handlers of Canelo Alvarez accepted this fight just to increase his number of wins? Rocky Fielding is not even ranked #1 to begin with so why create a match that is somewhat obvious that Rocky Fielding will not last for a long time in the ring. Look at the fight record of Canelo Alvarez, before beating Rocky Fielding, 3 months ago Canelo Alvarez fought Gennady Golovkin. It's just 3 months interval. Other boxers will start training 6 months prior to the match.
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If early this morning you bought 1 BTC at $3,100 USD, you shuld have earned at least 9% by now since BTC is now being traded at $3,400 USD. So for those who are asking if its still a good time to buy Bitcoin, yes it is and there's still opportunity to earn if you enter at the right moment and exit or sell at the right time. You need to observe and learn how charts works and listen to those who are in this industry for a long time already.
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While it is easy for us to say not to give a space for your emotions while trading, as humans we are weak in controlling our emotions. Best thing that we can do is before we make a move and specially if its a major one that involves a huge amount of money, ask around if what you plan to do is feasible that way you will get to listen other opinions that might help you change your mind instead of just following your emotions.
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It's the current market condition that we have now is the reason why everyone is turning into a holder from a day trader or a scalper regardless if you have a bag of Bitcoin or a bag of Altcoins. Holding on to your coins will at least give you a chance to recover and gain profits instead of selling your bag of Bitcoin or your bag of Altcoins at loss price.
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It will not replace the current currency that we have now. It's not going to be a universal currency that everyone can hold and use buying online. The problem that we face with digital currencies is not everyone have access to decent internet connection and 24/7 power or electricity. You will be surprised that there are still countries that are struggling to provide continuous electricity that is cheap enough that everyone can afford.
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While traditional banks offers us a good place to store our hard earned money, banks will take away or charge us with fees that we don't even notice. I have seen numerous complaints about bank account getting closed with depositors claiming they still have enough money saved in the bank but because of the monthly charges that banks deducts to our hard earned money, accounts was closed without prior notice. In cryptocurrencies this will not happen, you move your money from one wallet to another wallet with a very small fees.
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75 - nydiacaskey01
thank you!
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It depends in the community if they will welcome such business in your country. Even if the government will allow building of such structures for casinos left and right if the people don't want it, if the people will not patronize it this business will be out of business in no time. Maybe the people there in your country welcomes such kind of business that's why they allow this kind of business and the casino owners will not approve having a casino operations in areas where they think they don't have a market.
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Interesting that this is how I found out about it. I've lived in the Philippines for 8 months and the only thing I noticed was that the videoke was on at the apartment complex across the way extra early this morning, lol.
In behalf of the Filipino community I apologize for that behavior of our countrymen who did not think of others who plans to sleep while he/she is celebrating something. That incident can be reported to the local law enforcers because they only allow loud videokes up to 12 midnight. Nevertheless, not in all part of the country is like that. In this case where a beauty pageant was won by a Filipina, expect a lot of cheerful Filipinos around the globe. We are always proud whenever a fellow Filipino is recognized.
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