Margin is too risky tool of trading. It doesn't provide enough opportunity to manage risks. Of course you can earn money quickly. But also you can lose money at once. I prefer trade with not borrowed money.
For experienced ones do really know this thing on how risky it is but yet there are newbie ones who do strive or jump in so easily and make things where they do believe that they can able to make it right and becomes rich because of easy profits thru margin but without even thinking the risk involve which is very high when you dont know on what you are doing.This kind of trading will really require some courage on embracing the risk. Well, the risk from this type of trading is really too high, so I do not think a new person or a person with a lot of experience should join because sooner or later the traps in there will also make us lose all the money, we do not have the opportunity to survive long in this field. From the outside looking at, the margin is probably something very simple but in fact, it's the battlefield of whales, they always wait for the prey to come in and give it a fatal blow, I saw most of the people who came in here, they lost the majority of assets and escape with fear, depression |
|
|
|
First and the simplest rule is "never reveal and share your private keys on online platforms". Get an offline computer and store private keys and private informations on it. Never use same email and same passwords to log in. Never click untrusted links. Be carefull about phishing , always check web address before log in.
Even if you do exactly what you say, you can still be attacked easily by hackers because anyone is a hacker, they will not be simple, they will always find ways to exploit all the mistakes, holes and information about the data we have. As long as we still have connections online, we will never escape them, although we can use a hard wallet to make things safe but sometimes it will bring some inconvenience in the transaction, so what we can do is try to limit the amount of crypto on the exchange, turn on all security, and divide our assets into several parts then put in different places, finally prayer |
|
|
|
Investing in cryptocurrencies is not base on the current price of it, the total supply of it. What is important is if the technology and the team behind the coin is good then you can buy some and hold it for a long time. You need to put trust and make a deep research in what coins you are investing.
Some are worth it to buy yes. I don't need to enumerate some because you can see some in the top 50. Some are just shitcoin with no future ahead. Take note: Research before buying.
Exactly, when investing in a coin, what we need to focus on is the development team and the potential of that coin, temporary value is not something that we need to care too much, but if anyone asks me if it's worth or not. I will honestly say no because the value is too small, most investors will accumulate and this makes the price of coin difficult to break above $1, sometimes it can breakthrough but time is too long, so I like the other options, the crypto market offers a lot of opportunities and altcoin has a lot of potential, although the price may be higher but the profit is worth |
|
|
|
For one simple reason that they have no control over this currency and that makes it prone to hacking and government can't track it. Although government is welcoming blockchain as technology in their systems, but accepting bitcoin seems a far fetched dream.
Bitcoin really overcome the strong control of the government, and when something can not be controlled and it still grows normally, even many people support and use it extensively, many terrible consequences may occur, governments will not want to stick to that, so they will limit and never recommend anyone to use it. A very clear proof is that the government does not even recommend the use of digital currency but many people still know, resulting in the scammers took advantage of this to steal huge amounts of money from the people, causing a lot of trouble for the government |
|
|
|
Even those self-proclaimed experts in the field of trading still lose a big amount of money when they trade, it's just that others are just more prone in losing in trading because of the lack in experience. We always have a 50-50% chance of earning a satisfiable amount or not, while experienced traders can eliminate the odds and make the percentage for earning a profit higher than losing.
This is also another reason why people fail at trading, they have completely false expectations about their winning ratio, they think that good traders never lose, that they always win and that is not going to happen, whenever you enter in an activity in which there is the possibility of winning or losing you need to be prepared for the fact that you are going to lose, but traders probably win 60% up to 70% of their trades and that is at their best, because as we know traders have also some bad luck once in a while and their winning ratio goes even lower during those periods, I think what leads to trading failures are the limited knowledge of the product and services or the technicalities, failure to stick to effective strategies, impatience, and not welcoming constructive criticism. We can't avoid failures, even experts fail and fall but what keep them going and survive is because of their strong determination and they use failures as an advantage to polish and correct their flaws. Well, from what you say and some comments here, I think we have two main reasons to make us always fail in trading, the first is that as you say, many people lack too much knowledge about where they are preparing for the investment, they just listen to others say it is good then they invest, they do not have any analysis. Second reason, that is probably the problem of patience, most traders think this is very easy but the reality is always the opposite, the waiting time is too long and bad situations are constantly occurring, that affects too much the emotions of the traders, so they lose patience and make wrong decisions |
|
|
|
I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
Real estate has its own market value but i dont think that fluctuation of bitcoin will affect its value. If you bought a land worth 10K usd when prices of bitcoin is high then it would always be worth 10K if prices of bitcoin is low. Your comments are very reasonable, using bitcoin to buy a house is the agreement between us and the seller, at that moment, the value of the house is still based on dollars, we pay according to the ratio between bitcoin and dollars. That means that the value of the house does not change based on the value of the bitcoin, so in theory, we can use a currency with volatility as money but this does not fit the reality when the ratio between crypto and dollars is constantly changing, transactions will become very troublesome and inconvenient, sometimes we will feel unfair in some situations |
|
|
|
Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?
Not always like that, if you do some research you'll know most successful trader is not educated person, they only people will faith, simple rules and take challenge as part of risk. The knowledge about trading/ invest is not change but strategy always changed. Have education is important but practice and patience makes perfect. I agree with what you say, a successful trader is not always a trained trader or educated, the evidence is clear when many traders are educated but they are never the winners in this game, what they learn is so different from the harsh reality. Trading is a world without absolute and perfect, the education here only gives us an overview and can use many tools to produce high accuracy in predicting but that is not all, this world is very large, every trader will have a strategy and a certain method to make money, that is the experience from reality, education can not teach this |
|
|
|
Yes, of course I'm afraid. Being affraid makes you to be more careful where you use the internet connection (public wifi) and check twice for original websites instead of phishing ones. I would say it is the best time for hackers. Bitcoin's popularity and the emergence of 1500 other digital currencies attracted hackers into the heated space of the crypto currency, expanding the scope for crime and fraud.
I've also been attacked by hackers, it was a depressing morning and collapsed, until now I still do not forget and the hacker is still an obsession with me, exactly as you say, fear makes us become more careful and thorough in every activity. Although I've upgraded my security, limiting logon to bad sites and using only one computer to work with bitcoin but the anxiety always exists every morning when I wake up, if someone told me, they are not afraid of hackers in the crypto world, that would certainly be a lie |
|
|
|
I participate in a lot of airdrops and i agree that most of the airdrops are scam!! I joined an airdrop, and it is in telegram, a bot and you will claim every hour to receive token and to payout you need 100tokens of that. And guess what i reach 50 tokens so i cannot withdraw? Because it is not 100, see? That means you have to buy firt more of their tokens before you can withdraw them. So long pure scam and i do not participate anymore.
Of course, scams are becoming more than ever because the crypto market has grown a long enough time, altcoin also has a large amount and each altcoin has support for different fields and communities. That means the idea of ico projects will often be repeated, investors will not be interested, projects are created only to scam and take money from people without knowledge will be majority, so airdrop from the project that used for advertising, it does not bring too many benefits to people like us, the airdrop hunter |
|
|
|
From what I have learnt from my own experience is that if you have a capital of only around $1,000 or $2,000 to start with, then don't go for Bitcoin mining. A much better option would be to do some altcoin mining. Consider Bitcoin mining only of you have funds of more than $20,000.
I think if we have $ 20000 or even more, bitcoin mining is still a thing that I feel that it was no longer fit for the present moment when too many people pay attention to the value of Bitcoin, and we should remember that the amount of bitcoin that has been mined is 17 million while 21 million is the maximum supply. That number said that the competition in this final stage was very scary, the cost of equipment is also raised at a very high price when many people are in need, new miners will not be able to survive in this situation |
|
|
|
so far still not enough for me to use as opening business. but I will not stop. I will keep trying to achieve my future dream start serious in working bounty to get maximum result
You have a great deal of enthusiasm and confidence for the future, this is very good for people who have the ambition to open up a business but that is not enough, you should look for more work to optimize the amount you get from bitcoin, and trading is a job that I encourage you to join. Although this work may cause you to lose money, but what you can get is absolutely deserved, and you can save a lot of time in building a business, the last thing that I want to remind you, to create a business, ideas and a detailed plan is the most essential thing, capital is not all |
|
|
|
I choose long term trading because it is the most easiest way to earn profit, Unlike daily trading which is stressful to do because you need to monitor the price fluctuation consistently. And in the same way, I have more time for my family and other extra curricular activities for the day.
It's actually not that easy. I do check my portfolio everyday still and it still bums me out whenever I see a loss. Although, I know that the loss is just temporary. At least with holding I get to work on other stuff. Active trading is really nerve wrecking and it just takes your time away. We will need absolute patience when we have chosen long term trading, sometimes we see the market change and go in a direction that we do not want, the psychological challenge will be bigger than ever, full of emotions will be converging here. So, exactly as you say, long term trading is not as easy as many people say, and this option only emphasizes safety, profit is not too high, I really do not like long term trade, that just makes us miss the opportunities that are constantly appearing in the market |
|
|
|
If I lost most of my capital in one coin, I will hold the first to coin it up again, whether it can be called trading or not? Give your opinion  It's not called trading, it's called long-term investment. But that will be a failed investment because you will spend a lot of time recovering your capital. In the Crypto market, you have to make use of every minute to make a profit. Long-term investment is only appropriate in the stock market. Even we can not call it a long term investment, more accurately, it can be said that he is playing gambling instead of investing or trading because in investment or trading, we always need to calculate very clearly the capital that we have then we will choose the destination. That means we know when we should cut losses and when we should sell to make a profit, we can hardly lose most of the capital in a coin, the rule always be referred to by investors or traders is to optimize profits by investing in many places, instead of focusing too much on one place |
|
|
|
Each country has a product that they are proud of, one of them is fiat money because as we can see, in the pictures printed there they proudly write or describe, the name of the country, the name of the state bank and usually the name of the hero or the name of the star, it is clear whatever the pride of the country they appear into their product called money, For me, the money they publish almost the same as an ad, because on the money often show something that became the pride of the country.
And when a product has become a pride, a national symbol, if someone wants them to change and use something that does not belong to them, replacing their pride, that would certainly be something very annoying and even humiliating them, they will never agree. Therefore, the story that the whole world uses a single currency is unrealistic, different countries with different economies, different development, using only one currency will be very easy to cause imbalances, even occurring no-stop debates then can attack each other, world peace will disappear, not good for the people |
|
|
|
The better choice would always be to keep it in the wallet simply because the one who has access to it are the ones who has private key or seed which would be you and anyone you would provide your private key. If you keep it in the exchange then anytime the exchange will shut down, they are taking your coins from you and you can't do anything because you don't have access to it.
I do not think so, every choice will have different security and weaknesses, and a proposal that I feel is most appropriate is the division of assets for both wallets and exchanges because this is a world of technology, without perfect security, we can not believe anything, bugs can always be exploited, wallet or exchange can always be hacked and stolen. We will lose everything when we focus on one place but if we divide, the chance to start again will not be zero, so both are the right choice but we should calculate and create the most convenient for trading |
|
|
|
Trader and gamblers are almost the same we really need to overcome our fear in order for us to gain a huge amount of profit. Bitcoin is amazing coin to be trade and if we are going to trade we also need to decide in a prudent way for us to gain and not to loss an amount of profit or maybe capital. Gambling is all and all an entirely different thing and that there is nothing as such common in between gambling and that of trading. Trading is something which demands you to have lot of skillset
I don’t think so. There is no comparison between trading and gambling. Although both needs skills and techniques but I have never seen a gambler earning huge money from gambling and often he loses all his money, while trader can make big money from trading when he knows the tactics of good trading. Keep observation will make him successful trader. You can not have no comparison because in fact, both are similar in some aspects, although you have never seen a person earn a large amount of money from gambling but that does not mean that person does not exist, you can see many people make lots of money from trading but there will also be no shortage of people failing and bankruptcy as in gambling. However, the difference between both is the advantage and the nature, when gambling brings more advantages to the house while trading does not bring too much advantage to anyone, the nature of gambling is having fun while trading to make money |
|
|
|
In my opinion, the best way to manage risk is to understand the risk that we have to face with and accept it. You need to accept the risk so that you can manage your money and prepare for the worst scenario that can happen to our wallet.
Of course, understanding and accepting then face is the first step in managing the risk that exists in the investment because if we do not know the risks we will face, it will be the same as we go into a wild jungle without preparation requisites and we will be very easily killed in that situation. And when we want to understand the risks, what we need to equip is a series of knowledge and skills, patient and without recklessness, we need to ignore good opportunities and great risks, we can regret but we can not lose, when our intuition is at an alarming state, believe it |
|
|
|
As what i am doing since i got my first bitcion - HOLD it. I am still optimistic that this year is gonna be a blast for bitcoin than last year. Yes, bitcoin may be down this moment, but i believe that it's going to burst before this year end breaking what it had recorded last year.
When the crypto market is getting too much new money, the chance for bitcoin to achieve a greater value than last year is very high, holding and accumulating bitcoin from trading is definitely what I would do until that happens. And of course, I would sell bitcoin in the time it peaked because crypto is a very dangerous field, so we always need to convert bitcoin into cash as soon as possible then invest in the real world, it will be more stable for the future, however, I will still leave a sufficient amount of bitcoin to earn more money in this world |
|
|
|
Not only bitcoin is good for long term holding. There are also many altcoins in the market that are good for long term holding. Like ethereum. And i have one alt that i hold now. The appcoins.
I like your opinion, at the present time, I no longer think that bitcoin is the best long-term hold because bitcoin seems to have reached a very high value, although it still can continue to increase but it also can not increase strongly as in the past. Holding it will not be able to achieve the highest profit, we will even feel that we are wasting money and time while what we can get is very little, altcoin is becoming the better choice for long term hold when it has more opportunities and space to achieve higher values than ever |
|
|
|
Daily trading I think is very risky, but if you are an expert in analyzing candles I think that's good because it is one of the keys to a successful daily trading.
Even if we are an expert on candle analysis, I still do not think that day trading will bring a good result because athough standing on a theoretical level, we can see a terrible source of profits that can be generated from trading days but in reality, our thinking will be completely bankrupt when things are not as easy as we imagine. This market is too big and full of different situations, we have good analysis also can not predict completely all situations, we can not be alone and against the whole market, day trading will not be effective |
|
|
|
|
Show Posts
