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If you really understand how the crypto market works, you won’t be surprised at what happened today because bearish and bullish seasons have happened many times. Don't think negative on the situation like this, instead take it as an opportunity to buy. Complaining about the market situation will not help you earn.
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I want to create a wallet for Tether(USDT) & buy some tether. For wallet i chose myetherwallet.comSome month ago i transferred some ncash to myetherwallet.com. Now i can not transfer that ncash because my ethereum balance is zero and i do n't have enough gas as transaction fee.(6000 ncash needs around 2$ ethereum for transaction fee) Now i want to know what will happen to my new tether? does it need ethereum like ncash for transaction fee? Is myetherwallet.com a good wallet for tether? $2 Ethereum for transaction fee is not enough. You need to have at least $10 worth of Ethereum (in a low gas price) in your wallet to make sure that your transaction will become successful. Everytime you want to send your tokens/assets from Ethereum, you always need gas fee for transaction. Much better to use trust wallet and use bnb blockchain to make a transaction or Tron wallet for small transaction fees compared to Ethereum. |
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Hey,
What is your opinion on the bitcoin price crash? I am trading with the Bill Williams trading system and all looks good on the weekly time frame, and on monthly its like nothing happened! what do you think guys and what indicators do you use?
cheers
About bitcoin crash only I can say is buy now! There are some negative news about crypto currency that caused for this sudden drop, so just hold on and don't panic sell your asset, wait until market recover and bounce back again. While waiting just take this dump as an opportunity to buy more bitcoins and altcoins to have a huge return in the future. That will happen if you believe in bitcoin and some altcoins to grow and have a good future. I believe, new ATH is coming just have patience. |
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Of course, rich people who already in crypto knows everything and they know that they can manipulate the market. Crypto is their playing grown and they play with all the investors, and traders but at the end of the play, still the rich man wins. Specially during the sudden dropped in bitcoin and altcoins price, rich man already there waiting for all the weak hands to dump their tokens.
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we keep the coins at least 5 years , but its too long imagination. you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.
Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep most probebly they will surpass the All time high again.
what all your perspectives?
It's really difficult to hold coins for at least 5 years for those impatient and without enough funds or capital. But is it possible for those with a lot of capital because they don't need to rush their money back to their pocket. They are capable to hold it patiently and just forget their funds until 5 years. But holding for 5 years is depends on the type of coins that you are going to hold. Bitcoin and Ethereum is the best option. |
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I don't believe in what Elon Musk said, I just believe on myself  Anyway, it's not good to rely on others word like the tweet of Elon which is full of FUD. I don't think why people believe that person, which always made a bad statements for bitcoin. |
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Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
I hate this feeling. Guys no matter what don't be impulsive in trading.
Be careful and don't be like someone who killed himself because he lost all his assets in leverage trading during this current downtrend of crypto market. That's just a money that you can still earn if the market will pump again. Always have risk management and manage your emotions properly to avoid some bad things that can happen in life. |
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Very sad! Always think that no matter how much you will lose in trading, it's just a money and you can get it back but our life is only one and we can't take it back if we lose it. Be a responsible trader no matter what the market bring to us or whatever will happen to our assets. Always be a risk taker in terms of trading and investing but never risk your life for this.
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Learning is a significant thing that we can do before doing trade in cryptocurrency. If you have already learned by reading different trading books online or offline, you have also finished watching different videos about trading then it is time to make it actual to gain experience and apply what you have learned. You just need to start in a small amount of capital while learning the actual trading. You should learn the price movement and graph. In trading, it is necessary to learn and understand both technical and fundamental analysis in trading.
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If you are not strong at investing in a volatile market then you will really panic sell if you see the market suddenly crash. That's why having knowledge about crypto investing is so important. You will regret if you lose a lot because of panic, it is better to learn more and try to handle your emotions. Otherwise the whales will be happy to buy your coins at the dump.
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It’s really hard to attract people of old generations like your parents because they will stick to what they already know and are used to. Also not all people knows about crypto already. If you are going to tell them to invest in crypto, you should consider to teach them first or introduce cryptocurrency to them. After that you can persuade them little by little.
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It is always good to learn about price action before investing in cryptocurrency. Learning will guide your judgement in the market and prevent you from making decisions with instincts alone.
I see a lot of people complain about the recent dip in the market and I am surprised. Because if you know about price action, you would see that the signs were obviously there before it all went crashing down. On the daily time frame, Bitcoin broke structure and retested several times before heading down. The market warned you, but you didn't see it.
Now, they will understand the reality in investing in crypto market. Following the others words will make you suffer at the end. Before entering in crypto you should have at least a little knowledge so you won't be surprised if the market goes down. The market has nothing to do with you and how does the market warn you? You make the transaction and enter the market, so, only you also know if it’s time to sell or hold on anyway if the market doesn’t conform to your plan. If you have knowledge, you will understand the market very well. |
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It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?
You're not alone mate. But this time that the market is not good, much better to keep some profit and convert it into an stable USD or simply convert to fiat money then buy at the dip. But if you are a risk taker person, you can still hold your assets and wait the time it will bounce back. After this bad news about china, I believe people will still invest in bitcoin and other digital currency and nobody can stop. |
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Both bitcoin and banks are harmful to the environment but those bank card are more harmful and not good to our health if it will be burned. Bitcoin mining has an adverse impact on the environment specially the rapidly increasing use of fossil fuels for Bitcoin mining and transactions but bank cards are made of PVC plastic which is more harmful compared to bitcoin which is digital and only use electricity and energy. I think everything that can be used by the people had a bad effects to the environment specially now that we are using modern technology.
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In terms of gas fee, BSC is now better than Ethereum but if you talk about investing, then I think both Ethereum and BSC are better coins to choose to invest as long as you have capital. I use BSC now as an alternative in making transactions because sometimes I can't carry the higher gas fee of Ethereum but I will not stop investing in Ethereum because I believe one day the transaction fee of Ethereum will going back to a normal lower gas fee.
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I'm now all in BTC and haven't sold a bit since 2013. I have a few Litecoins left somewhere but too few to mention.
I know putting all eggs in one basket is not very wise but I don't feel like investing in anything else right now. Is this a risky move? Maybe yes, maybe not.
I plan HODLing more, might sell a small percentage around November when odds say BTC might boost like crazy.
What's your plan?
Putting an eggs in one basket is not a good idea, but that is your choice and now that bitcoin price suddenly dropped, you can add more bitcoins on your basket to have more earnings in the future. For me I will invest not only in bitcoin because even I have a high trust in bitcoin, it is still better to have another investment to avoid huge losses in the future. Putting all eggs in one basket is not my way and strategy to earn huge profit in crypto. You should be wise in terms of investing. |
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I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !
My worst experienced in the very beginning of my trading is that I have no patience and felt panic every time and always chasing to buy even the value is too high than my sell, which give me a huge losses. But I already learned and now I can manage my trading very well. Learning from your mistake is really helpful. |
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Trading is really easy for those who are really knowledgeable about this but it is difficult for those who don't have enough knowledge about it specially those newbie that easily jump to trade just to make profit and didn't think for the possibility of a huge losses. Better to understand first how trading works and learn both technical and fundamental analysis.
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I'm still waiting more lowest price to buy but I don't think if it will getting more lower like 2018. Many investors now are happy to see the price of bitcoin falling down because they can add more bitcoin on their bags, so do I.
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