for those who are experienced in trading, scalping techniques are perfect for those who want to get results quickly but can be done many times in a short time. but for beginners scalping is not an easy way, because they must be accustomed to receiving profits and not being greedy, and must be able to accept losses if the analysis is wrong. it sounds simple enough, but not necessarily everyone can accept loss with discipline
Indeed, there are several kinds of trading techniques. Some people say I know scalping techniques. But if I observe this and I do all the trading techniques everyone can master. It's just a matter of wanting to learn. Because of some of the trading techniques I did, this resulted. One major factor, is the control of soul and emotion. If you have mastered this, I think you will not regret it excessively. So the key is to keep learning. psychology is really needed in trading. especially for scalping which requires a high level of discipline. indeed this can be trained, and must increase trading hours, because intuition will be formed as we enrich the experience. but I think this technique is not suitable for beginners |
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Best time to sell? 1. When it hit up your target or goal 2. When you do see that the price is already on the peak or everyone is already greedy 3. Always follow your goal and dont let your greed control you. 4. When you do see lots of positive sentiments that circling around because next would be a correction. This is only based up on my own experience and observation on the market.Its up to you if you would take it or just ignore.  I agree on the first point, where we must be disciplined towards the targets that have been set. if we neglect it then greed will envelop us and this has an impact on our psychology which will later be divided. especially if the price continues to drop drastically, then the feeling will experience disappointment |
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Creating such a bot is quite easy but it is better to get a notification instead of directly buying BTC at that time.
After getting the notification we can decide whether we want to buy bitcoin or not depending on the trend and other factors. I second that. Why should I give permissions to a bot to buy BTC without understanding the risks and rewards of that trade when I can be notified anyhow and can take the trade myself? Well, I can also get notified via Twitter if I set push notifications on.  I think it's more targeted for people who just want to automate the trading since not all people are in the same time zone like elon musk, his tweet could pop up like in the middle of the night while the person aiming to follow the tweet are in deep slumber. I think notification like that gonna be great as a side feature aswell. right, for people who want a trading bot and feel comfortable with it, then we can't blame it. and one more thing why we have to follow ellon for trading, I think it's clear even though he has influence, but for now many traders don't like him. I think manual trading will be better than bots or just following the news |
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In my opinion, before we put money and trade on futures market, my suggestion firstly we should learn about leverage trading on demo account. From that we know and understand how the risk and the potential profit. I dont find platform that provide demo account for futures trading, but we can try on Metatrader 4 that currently many broker provide pair of crypto. The level risk of futures or margin trading according to how high the leverage, so for beginner trader always use low leverage first. 100k is too high balance for leverage trading, never put money in 1 basket, that is very important to minimize the risk.
Actually for beginners I don't think it requires a large capital first. we must believe that tomorrow there is still a chance. with less leverage means educating us to secure capital. therefore with real trading will help us to face all pressures in trading, and over time we can increase capital but with logical achievements |
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actually, employee wont take other job if they feel sufficient, if their life already easy for them. and for other who didnt know about crypto, will taking debt on bank, and its great because it can loan you instantly. and im sure if that tweet have different mean. never trust with rich people, they can make you stumble.
I doubt that because I already talk with many friends about searching for additional jobs that can give them more money, especially at this moment. I suggest they not to borrowing money from anyone or banks because that can make them in trouble, even if that money be used for investing in crypto. Those tweets can be people hoping to make money while they are hard to make money in their real life so that crypto can help them and their lives. in investing this is not everything they imagine. it is better to invest using free money, so that our minds become calm and this can ease the psychological burden later. Many people think that crypto business is a get rich quick business. even though it's true but it's worth the risk, and must be in the hands of people who are experienced in the market |
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For stock investing I haven't learned or bought stocks, so for now cryptocurrency investing for me is still superior to stock investing, since bitcoin and altcoin prices have gone up like crazy, many stock investors have started to switch to investing in the cryptocurrency.
Pretty much agreed with this. Stocks are for boomers. Crypto has the real gains. The world is not what it used to be anymore. The time has changed. Stocks gain how much at best? %7? These are rookie numbers. Dogecoin went up by like what? 10000%? Now that's what I am talking about. That's how you make money. Now defi is also a thing, the whole stocks market will probably operate on ETH anyway. Why resist the tech? Those stubborn boomers have to die because they are going nuts on crypto lately. We won't have a crypto based economy any time soon unless the retarded boomers disappear. Wow, you've got some pretty skewed views about investing. Thinking that crypto can only go up is pure folly. Expecting crypto to always return like the few exceptions that break the mold is even worse. These returns aren't typical, and crypto isn't really investing because the valuations are based on nothing but group think. Because the values are arbitrary, you're just gambling. Also, stocks average 10% annual compound returns, but there are always stocks that fly far higher. Berkshire has returned more than 390,000% since 1976. There are periods in 2020 where certain tech stocks have blown bitcoin out of the water over the same period, especially with bitcoin's current pullback. Saying that stocks are for boomers is just admitting how much you don't know about the financial system or how it actually works, and it's attitudes like this that cause actual investors not to take the crypto world seriously. They're not wrong to have the perception that crypto is mostly a bunch of unsophisticates who got lucky. You sound a lot like a no-coiner mate. Crypto is the best thing that has ever happened to the investment world. Nobody has any time to do all those researches, examining ratios, debts and such crap. Just buy bitcoin and it only goes up. Why can't it go up only? BTC has been going only up since its inception. Don't believe me? Just see the BTC/USD chart. Berkshire lol. Bitcoin returned 9999999999% since 2008. Not a no-coiner, just someone who has investments across all assets classes (including crypto) and understands hype when he sees it. Crypto is not the best thing that's ever happened to the investment world. That's pure hype. Just because you don't understand the stock market means it's a bad investment. Lol, you provided the perfect example of why someone shouldn't take your arguments seriously when you cited 2008 (a time when nobody was invested in bitcoin) as the starting point of your comparison. Why not just go full hack and cite the infinite return bitcoin has had since it the white paper, since it was technically started at 0? OMG everyone in bitcoin has made infinite money!!! The fact that you have to try so hard to validate your belief isn't a good look. for those who understand business opportunities, of course, will take advantage of the opportunity as well as possible. Understanding risk and reward becomes very important to choose both. on the one hand, by understanding the nature of the two, we will be careful in taking actions, and in the end everything is profit-oriented. not everyone is lucky in this business, and they become the fodder of smart people |
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Money and currency are just tools in our hands. They serve to help us in the outside world, to have access to products and services in the real economy. Without that economy, money would have no reason to exist. Don't think of money as an end, but as a means to an end.
And the same is true for bitcoin even though one day you'll be thankful that you've accumulated some satoshi when its real function in the real economy will finally unfold.
The sad news is we are too old to be using crypto currency if you are talking about satoshi value and that means the price and Bitcoin really still exist. But the real question is does it really still remains in the future or some new technology about currency are still we using? Op needs to understand that money is a tool we used today since we can't barter goods forever since it will gone to waste in the long run as it has an expiration date. Imagine bartering gold for a sheep or something big? Can you hold it if you wish to travel to your mainland if you are a trader? the development of the times continues to develop, in the past, exchanging goods was the best way to meet the needs of life, but it was deemed less effective then the agreed money was found, and finally with a centralized system, and currently a decentralized system is developing, we are waiting for the development Of course the government has more authority |
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I think I can take that into my consideration for investing. I usually don't think too much about that, the most important thing for me to invest in a project is the trend. If the project is something trending which mean there are already some similar project that success then maybe I will choose that project. I think circulating supply is one of important thing, although I prefer like to know about their roadmap. I want to know how they can accelerates their company growth.
I think I can take that into my consideration for investing. I usually don't think too much about that, the most important thing for me to invest in a project is the trend. If the project is something trending which mean there are already some similar project that success then maybe I will choose that project. I think circulating supply is one of important thing, although I prefer like to know about their roadmap. I want to know how they can accelerates their company growth. |
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I think its possible but in recent not possible to overcome the central Banks.The reason behind government won't let this thing happen, they won't permit any decentralized framework take over the banks and other than central banks is much imperative since we still require it to cash out our cryptocurrency, imagine if there's now not a bank at that point for beyond any doubt no one can change over their bitcoin or any altcoin into fiaJust think for a moment if BTC overcome so fast how will manage the variable rates and retailers will not accept to early till they well trained and aware about Bitcoin.
We know that no matter how good the system is, if it is not legalized by the government, it will only be in vain, we cannot fight it, so we must obey the government regulations. Therefore, I think that in the near future, the central bank will remain the government's trust for legal transactions. |
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It is a disadvantage but at the end of the day they are the ones that are going to suffer from it and not us, institutional investors for the most part understand this which is why they invest in bitcoin only, retail investors on the other hand see the market cap and the price of bitcoin and while they know they can still get profits they get seduced by the promises of altcoins.
We know that a few of them will actually make more money but the vast majority are going to lose everything they have in the process and for some reason blame bitcoin in the process, and while this is sad they were the ones to take such decision and as such they need to learn to live with the consequences of their actions.
Altcoins are still in the bubble zone and the situation may remain like that for some time before the bubble bursts. When the correction occurred two weeks ago, I was thinking that it will result in many of the altcoins going back to the fair valuation. But that never happened. There was not much change in the Bitcoin dominance, which means that the altcoin market share remained unchanged. Those who do enough research knows about this and they would prefer Bitcoin for investment. But some of the new users may go for shitcoins such as XRP and DOGE, influenced by the massive propaganda that is being unleashed in the social media. they are like food for the whales. with the incessant news circulating, of course, it will affect the psychology of novice traders to follow the direction of the news, and finally the market is dropped until many traders cry. therefore of course it will be safer to invest in bitcoin, especially if it is planned for the long term |
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There can still be millionaires in the current stock market. It all comes down to if we are willing to take the risks or not. You are right that the unregulated stock market usually had higher returns, but we have a lot of new financial instruments in today's world. You can get deep outside of the money stock options for a few cents and if you get lucky that the stock moves heavily then options will become very valuable. Making a few hundred percent profit in options is possible.
But it takes a lot of money and a pretty crazy luck for a simple guy that trades with only a thousand dollars to be a millionaire, most of the people who becomes a millionaire in the stock markets are start ups that are being funded by venture capitalists that only grows in funding as long as they are growing. in trading I think $ 1k if it increases in an instant to $ 2k, it is already a good achievement. when compared to forex trading for the parent account, they only make a small profit in a year, the important thing is that what is generated is greater than the bank's interest rate. therefore many novice traders with small capital but want to get results like pro traders which means they are greedy, and in the end we can guess, they will actually lose their capital |
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I have used demo account in forex trading before but I am yet to come accross demo for bitcoin trading! It important to get familiarized with trading in general in an atmosphere of low to no pressure! Demo trading kost often time construe as a skill learning excercise of which I do jot agree with! The live trading however is totally different and come with risk that could be grave! The bottom line is to practice until you know what you are doing and then, you will becreaping the reward of your effort!
demo can only practice our trading techniques, but this is certainly different if we are trading real, there will be a lot of pressure in a complex way, of course psychology is the most pressing thing in this business. so don't be surprised if we already feel proficient in demo trading, but we have difficulties when trading real, because the two things are very different |
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I started trading by attending some lecture on bow to trade cryptocurrency. After this, I began to research on how to become a profitable trader by reading a lot of documents online and watching YouTube Video on strategies. It takes some time to get most of the things rightly (2 years of consistency), but I am a better trader now.
2 years that you're able to spend on what you are right now? That's a lot of patience that you did there and that's also what many of the newbies must hear from you. Because a lot of newbies today think that it's easy to go and trade as much as they can and earn just like those experienced ones do. But they don't realize that people like you who trained yourself to become good at trading and include me to those investors who have strengthened the discipline of being patient. right, we meet many beginner traders who want to have income like pro traders. they seem to want a shortcut that is to get money easily and in a short time. without them knowing they are categorized as gamblers, and this is a delicacy by the whales. they are victims of options without hard work, we must remember that in trading capital security is the main requirement |
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Well I do believe that people think there bubble is basically when the price keeps going higher and higher and suddenly the price comes down drastically.
Which has happened to the market a lot of times but I do believe that this is not only essential but its also character of a Crypto, which essentially distinguishes it from fiat and other currencies. I do think that this is a term which was coined by people who have their balances only in banks and other Investments.
- For me if the price is low 🔅 you just need to buy and wait for the perfect opportunity to sell.
This is how the bubble works, it's essential for the whole market and it is through this that we see the redistribution of wealth.
What people think a bubble is and what the actual meaning is are different, people think this way because of misconception of the whole btc price movement, btc is seen by many as a high quality asset which is the reason why so much value is placed on it, I certainly don't think btc is a bubble otherwise the price will not be able to recover after it crashes, that has not been the case, anytime btc crashes it comes back even stronger. right, this is not a bubble, as it was before where btc fell to $3500, but we can see this year where btc is strong again. therefore many of the investors suddenly get rich, and there are also many new investors who lose a lot of capital at this time, because they don't have knowledge of crypto market behavior and just want to get money easily and quickly |
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In this case we need to wait for another 4 years for new ATHs... Not so good news
First of all the bull market is not over yet, we need to watch what the market does during the next months before we can declare the bull market over, and even if that is the case we are not going have to wait that long as you can take a position in the market before the halving takes place and everyone is sleeping, then when the market begins to grow up you will be able to capture all the bull market while others are just trying to understand what is it happening. In the past, many said that at the end of the year the price of bitcoin would go up, it was because the behavior in the previous year showed that way. The same is true today, I don't think there is a four-year culture, and that is just a coincidence. and I think the bull market is not necessarily over, hopefully the correction ends soon and bitcoin forms new peaks soon |
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I think Elon is manipulation our attention. He is Twitter influencer, not a crypto expert.
It is true. he has the expertise to manipulate our minds (perhaps more precisely his followers) with just a few posts on twitter. in the crypto world don't trust anyone easily and don't easily believe any news! Even his followers don't take him seriously anymore and that is clear from the market reaction to his latest tweets. He has flip-flopped on his positions too frequently and that has made him a laughing stock. Once he held much influence in the cryptocurrency market and that influence has now evaporated thanks to his own reckless actions. And IMO, that is good for the health of the cryptocurrency market. Bitcoin prices should not go up or down by 30% in a single day, because some crazy guy is having verbal diarrhoea in Twitter. I don't know if it's true or not, but with Ellon's statement in his tweet, it can influence market behavior. to statements that go back and forth to confuse crypto traders, but for those who know about it, with a significant movement of course it can be used by day traders to make as much profit as possible, unfortunately not many traders like that |
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This is the same that I have been thinking, Musk is doing exactly what McAfee was doing and we know that this is not a good path to take and yet he seems confident he can do whatever he wants and there are not going to be any repercussions for his actions, but I think he is feeling for the first time some pushback as he has been trying to backtrack his previous tweets and trying to make it seem as if he is still onboard of bitcoin when I doubt he is holding any bitcoin anymore.
Obviously when he changes his stance every week or so, the pushback will be there. A lot of people invested in Bitcoin, when Musk tweeted positively about it. And they suffered heavy losses when he bad mouthed BTC after a few weeks. Even then, many of his followers joined the Dogecoin pump and pushed that shitcoin to the top-5 list. And now it looks like he has again changed his stance. But this time, there was hardly any impact on the market. The writing on the wall is simple - no one takes Elon seriously now. He is too unstable. Which has made him not credible. actually Elon does have the capability to be able to make a good investment community if he doesn't do trolling too often or whatever he calls it. but for now, there have been many people who have received considerable losses and many communities have collapsed because of tweets? maybe that's just some of his vices, we don't know. However, whatever Elon will do in the future will be very different from before, because he is now a "less" trustworthy individual, imo. Regarding Ellon's tweet, I personally don't really know if he doesn't have bitcoin assets anymore, or if it's just a strategy. but it is clear that Ellon seems to have lost his trust in the crypto community, because currently bitcoin has decreased by about 40%, and from that of course many people panic or lose |
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It usually takes a few weeks for the body to develop immunity after vaccination. This means that it is possible for a person to become infected with a virus that causes COVID-19 just before or after vaccination and becomes ill because there is not enough time to protect the vaccine. Vaccines currently in clinical trials in the united states do not allow you to test positive for viral tests.
According to various studies, the immunity kicks in only after two to four weeks after second dose of the vaccine is administered. And this is especially an issue for vaccines such as AstraZeneca, which has 12 to 16 weeks interval between the doses. But that doesn't mean that there will be no impact before this time. As per the researchers, there will be some immunity immediately after the first dose. And this will improve as time passes. Even one dose of the vaccine will be able to prevent the infections 80% of the time. when our bodies are entered by vaccines, it is as if there is a new army tasked with preventing the corona virus from attacking our bodies, and with these troops, recognizing the virus will be faster, it doesn't take up to 2 weeks, like the way the immune works naturally . Hopefully, with the faster distribution of this vaccine, it will be able to reduce the room for the virus to grow |
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Bitcoin is a cryptocurrency traded through open source cryptographic protocols it cannot be seen or touched it is made online and used online. This currency is number one in the world of crypto but no one can give an exact indication of how long it will last there are a lot of cryptocurrencies on the internet such as ripple ethereum etc of these bitcoin is currently the first and most talked about cryptocurrency. These cryptocurrencies have some common features and some have their own characteristics that currency makers determine it has no value in itself.
The problem with bitcoin as a currency here is legalization from the government, where most countries have not been able to legalize it so that it cannot be used as a legal means of payment. therefore, currently bitcoin is more inclined to be used as an investment and trading tool For now, i don't see bitcoin as a one world currency because it's not being supported by the government in the first place. Each country has its own medium of exchange so bitcoin might find it hard to replace its position. Maybe in the future bitcoin will definitely become one. But for now, let's enjoy how bitcoin gives us huge profits and its incomparable bitcoin as an investment and as a good store of value. My hope is that bitcoin, as an alternative means of payment alongside fiat, is already a great achievement. we know many countries that prohibit the use of bitcoin as a means of payment, but if we realize we are still lucky because it is not prohibited to have bitcoin until now |
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6 TRILLION U.S. DOLLARS! That’s Biden’s plan. The proposal, if approved, will be for the fiscal year of 2022 and will he the highest in federal spending since World War 2. For Bitcoin, that will extend the current bull market. The crash we just experienced? It’s a GIFT! During times of extreme fear in the market, Buy the dip, and HODL.
I agree with you that any new fiscal stimulus package will likely have a positive impact on bitcoins. But there are also risks that we are facing right now with bitcoins. What if more countries and Billionaires join in on bashing bitcoins? Even though the bitcoin price I still high compared to one year ago, we need to remain cautious. This is probably the last chance for countries to stop bitcoin. Once we reach another ATH there won't be anything stopping bitcoins. right, the government seems to only prohibit the use of bitcoin as a means of payment, but does not prohibit people from owning bitcoin. With this, it is like the government wants to kill bitcoin but cannot, so it only limits its space. we can see that until now the main goal of bitcoin has not been achieved |
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