Daily trading is really difficult, you can not always be profitable when trading daily because this market is always moving unexpectedly. If you want to be profitable, you must have a lot of free time to follow this market, and in addition you must have a lot of trading experience to handle quickly. I have tried trading but to be honest it is too hard and takes too much time and mind. It is best to hold and wait for this market, You will have more free time and do other things
If you are still a fan of trading but you are too stressed out from daily trading then you should try other form of trading such as a position trader. There is a lot of type of trading and we should not stick to one style of trading since we cannot make a custom style of trading that will fit in our criteria and also to our schedule in our daily life. |
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Hate to admit it, but I have done that. I've also used one of the computers at work to post on the forum, and I've done deals for bitcoin as well. Fortunately my boss really doesn't care as long as the sites we visit aren't going to be putting malware on the computers, and there's a lot of downtime at my job anyway.
On the other hand, I try to use my phone for trading and related activities when I'm at work. I don't like the idea of leaving a trail on a computer that isn't mine.
Me too! But I am using the company's internet connection not the pc, because my bosses will see what I am doing, also my workmates arent reliable enough, once they saw what I am doing aside from they will becoming curious they will start making rumor and will tell my boss. It can be a reason, of course, that is the company properties and they could think bad about it. Aside from that, they could think also that you aren't doing your job as well. That is why( for me), I'd never do this, for sometimes I have some glance using PC but only when I was in a break this is to anticipate what the others can see. We cant really avoid to those kind of workmates which do have that crab mentality where they do trying to pull down and try to impress their boss.so its much better for you to avoid rather than risking to trade and let others see on what you are doing while you are still on duty. We can trade though but be sure that you wont get noticed by everybody. Within these days, most of the big exchanges of cryptocurrency have a mobile version or application of their website and that is very convenient for the people who want to do some quick trading while they at their work. I suggest to do your trading setups while you are home so you can concentrate very well and when you get to your workplace, that is when you are going to execute all of your trading setups so it will be simply buy and sell. |
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Before you do anything with your money like do trading, you should always remember that you will only put an amount that you can afford to lose because when something goes wrong then you will not be frustrated because it is alright for you to lose that money. Learn how to do money management before anything else so it will be easy for other things to follow because you know how to handle your money very well.
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I think not and even make the value of the business become lower with time of development. We talked about Bitcoin a lot, let's look back at the Litecoin halving event, it's no longer a miracle that makes the price of any coin grow. This shows that the crypto market can turn around anytime.
For the Bitcoin halving event in 2020, if capitalization is to land on all the alts then the Bitcoin halving event will be of no value.
Litecoin is just a copy cat of bitcoin. So the price movement after the halving is normal to me because the people loses their hype and the market settles down on the right price for each altcoin. When the bitcoin halving is done, the price of bitcoin will go up because the miners will stop if the price goes lower than they expected because it is where they base if they are still earning or not. It all depends on the profitability of the miners and also the demand in the market that will make halving produce a deflation or inflation. |
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There were many rumors in the past like bitcoin is collapsing (when bitcoin went down below 4000$ in Dec 2018), its a currency of millennials only and many more like that. Despite all opposition bitcoin after its decade of launch is still standing firmly at 7k. Its down these days and may go more down but its surely not collapsing.
The price breakdown for bitcoin is part of the cycle and it will give confidence to the next investors in bitcoin because they are going to buy at a lower level within the strong support. If bitcoin goes lower than $7,000 then I will welcome it warmly by buying the dips and adding them for my long term portfolio since in my opinion, bitcoin is still undervalued despite its price today. |
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this year there are only a few moments and the market hasn't shown its reaction, and the market habits at the end of the year are not many transactions that occur, although in 2017 it is different. at least the last 2 weeks at the end of the year we don't expect the market to surge. and I agree if the value of $ 10k is difficult to achieve this year
Sorry to burst the bubble of all solid believers out there but we are now just waiting for the remaining days for this to happen. This year will not end with a bang due to poor market status  . I admit that I expect that btc's price will bounce back even -ber months already came and even until this month, but unfortunately it's not. much better for us to start accepting it. Besides, it's not yet the end of the world, year 2020 might be the opposite, who knows  ? Don't worry too much, there are greater things we could look forward and one of those is the long awaited bitcoin halving. There's always hope for everyone. Come to think that not all the times we would experience bear market which means there would always be a bullish run but the question is on when it would happen. Listening to shills and fuds doesnt have a point yet this would be a major thing that would affect your own trading analysis.Dont buy those words and if you do depend to those calls then you will surely end up on holding or expecting much on things which wont happen anytime soon. You should learn how to read the data from the charts so you can have some idea or at least a vision of the possible path of the cryptocurrency that you are looking. Technical analysis is not that hard to learn because it only takes dedication for any person to learn it. Once you got that skill, you can play with the volatility of the market with having little to not doubts. |
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Crypto scams are far from being over and I put the blame of this on investors only. They are the one who blindly invest in scam projects without doing any research and these scams will continue to happen if we are not willing to invest our time and efforts in analyzing the project prior to investing in it.
You can't blame the investors alone since it is also the developer's fault for creating a project or a cryptocurrency with false promises and information just to gather and steal money from other people. We should implement a strict regulation on each new projects to ensure that all of the upcoming projects are really legit. |
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There are currently more sellers than buyers and it simply means that the price could drop anytime since the last support is at $7,000. I am hoping for the price to go down since it is a required movement for bitcoin to have a healthy correction so it can come back stronger in the future. Halving is very near soon and it can help the price to go up very high so it will an easy profit for people who will take the dips as a buying opportunity.
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Go with exchanges that have a huge volume in their trading platform so you will be sure that you can liquidate your entries easily. Binance is one of the biggest exchange in the cryptocurrency market right now and it is also a good platform since there is a lot of available altcoins to trade there but you should be careful in pump and dumps because that is common there.
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Hello all, need advise, if any exist  I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this. I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me. For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago. But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time. Am I doing something completly wrong? Or it is not possible to predict the movement of btc? thanks P. I think you are not the only one who are facing difficulties in trading because trading is really risky and difficult to learn that even you watch a lot of tutorial videos and read books about trading, it is still difficult to apply it in your trades even you follow the basic strategy of trading like buy low, sell high because bitcoin votality males it difficult to trade that you can't predict when will bitcoin's price will go up and down. What we see in tutorials and read in books are simply theoretical things but when a trader is doing trading, that is practical aspect where you need to utilize your knowledge. Practical scenarios do not resemble your bookish knowledge all the time and you have to utilize your decision making power on the spot. You don’t get much time to think so this is why it is said that trading shall be learned through practice. Indeed. You can't really learn trading if you didn't get enough practice with it and not trying to trade even just in a small amount for you to have an experience in trading. I personally believe that books and video tutorials are just guidelines and tips that you still need to do it hands on for you to find out if it will be effective on your future trades. Implementing and executing the strategies or plays that you have learned throughout from reading book, watching videos on youtube etc. are the start for a newbie or a beginner to learn trading. Learning is not always about watching and reading, it is about applying and adjusting to the mistakes that you will be making in order to come up with a better strategy that will fit in your style of trading. |
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It's better to put your money in savings to save your money from risky investment here in crypto. Huge dump will be happened once you invest a coin with no potential to increase.
No, I totally disagree you need an investment, investment is not only for future purpose is actually good for emergency purpose when we need money, on our retirement age we can use that and continue trading instead of working 8hrs a day , it is more good if we investit will make our money more grow. some of the richest people in the world are born from investments, so if we want to be rich in the future we must be brave for investment, not necessarily in bitcoin many other investments, but bitcoin gives a high return than other investments. Yes it is good to have some savings especially a kind of bitcoin or any good coin like ETH but I think if people think about making investment they should only invest in bitcoin we can sell it anytime and you will get profit at that time, profit can be low for selling at dump but it will surely give you profit for having it in your wallet so I agree that we should invest our money for use at time of need. When you are going to save money, you should not put it into risky assets like bitcoin or ethereum. If you will put your savings there then you are risking your future. You should save your money into a place where it is not volatile but liquid enough like in banks. In investments, it depends on your risk appetite if you are a conservative or not. |
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I do trade at work since it is very easy for me to trade because of the mobile application of Binance. I use their app and blockfolio, so I can monitor the flow of the market and also the value of my trading portfolio. I think that other people should do this also in order to gain some profit while they are at their main source of income.
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It is a good idea to convert bitcoin to gold if you want to preserve your profits or wealth for long term. Gold is a slow moving asset for me and it is more on a store of value for our money rather than an asset that will bring good returns in a year. Bitcoin is still better in my opinion because of the volatility that can bring big profits in a shorter period of time.
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I must admit that in building a business one of the biggest obstacles is finding investors. Very difficult to convince investors to want
to invest in our business. If speaking of bitcoin investors there are many in this forum, they are not just investing in online projects
but also investing in real world projects. The problem is convincing them to invest in business that we build. Because the nature of
investors is first seen whether the projects they will be participating in are profitable. So my advice make it as attractive as possible
the business offers we will offer to investors, so investors can be attracted to invest in our business.
Investors are always looking for opportunities to multiply their money but in order to get where they are they have to be very smart and have great skills at telling if a project is going to be any good or not, that is why they are so difficult to convince and it is why icos are having such huge problems to get any funding, the time in which icos could put a website, create an announcement thread and a white paper and get millions of dollars are over, they need to show that they are for real and that the project has a chance of succeeding and until they do they will get no money. Yes correct, that's why we should just have to promote it in a nice way, I mean no hype, just a pure marketing for us to be able to find more investors if we are the project owner. I agree with you that the investors will find ways for them to be able to make money, so once we have proven ourselves that we are investing at then they will for sure invest and will trust you. I think we are entering in a different phase of the market, during the first 10 years of the existence of this market we have gotten used to the great volatility of it to the point that many investors think of this market as a get rich scheme, but now investors are changing their attitude to the market and the projects that want to get any funding need to change their attitude as well, they should stop the hype and instead promote their projects based on what they can actually achieve, if they do that eventually they will get investors. Indeed. The investors have changed their attitude in investing and they became more mature than before. Most of the investors now are conservative and they do research first before they got into a project because based from the past, most of the projects are just scam or just a get rich quick scheme. It really takes time to filter out the good projects from the bad ones and that is what the current investors are doing, they are now wiser. |
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Commonly has been suggested is to use blockfolio app and that was right. I also used this and regularly monitored my crypto trading. But I did not worry about it very well because I am also using an auto trading bot and when it will pump up the price, the auto sell will work.
If that is a full time job I won't suggest doing in trading because you can't execute very well if you have a lot of work to do than trading. Because it is spending a lot of time when you are digging information on which altcoins that have the potential to pick.
That is why, it is best to use the hours that are left once we go home from work. You can spend at least 1-3 hours of your time to study the market and also to enhance your knowledge and skills in trading so once you got good in choosing which altcoin to trade then it would be easy for you to do some trades while you have a full time job. |
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It's hard to love one thing when both crypto and fiat have their advantages. But the idea of a co-author of Bitcoin, who said that stablecoins have a great future, is close to me. Now if you look at Europe, then their version of the digital euro issued from the central bank will combine both pluses - a single currency for different countries, and technically digital. Although the only thing I don’t understand is it possible to profit from stable coins? Isn't their goal to be a means of quick exchange?
I really cant choose between them, fiat is the one I use in everything because it is more convinient to use and also it is the currency here in my country, cryptocurrency is for investment, though I can use that in some things but many things I can use in terms of payment, I think I will choose fiat now, but it all depends on the situations. Within these days, it is still in favor for fiat currencies. Fiat currencies are still the main type of currency that we will be using to do most of our transactions whether it is offline or online. Cryptocurrencies are still not in the mainstream and it is more like an asset or a tool to create more fiat currencies for us to be used. |
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The banks and the governments are connected so even cryptocurrencies will become big in the future, as long as the government will not allow or give permission to cryptocurrency to fully penetrate a certain country then there will be no threat for the financial institutions and financial stability because people will be forced to use fiat currencies and other traditional financial tool because they don't have a choice but to obey to the rules and regulation of the government.
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Before you exchange your bitcoin to altcoins. You should scan the market to identify what are the altcoins that are liquid enough for you. You need to look for an altcoin that has a volume so you can liquidate your position easily. You can make big profits by buying them at a low price and selling them at a high price. It sounds easy but you should have a lot of knowledge regarding technical analysis so ensure that you will enter and exit at a right price.
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I wanted to earn extra income money other from my job and wanted to earn more on my own , i search some ways to do it and got into trading from then to today i constantly learning and making little little money , and now my goal is to become full time trader
Just a quick tip. You should not become a full time trader if you don't have other sources of income. Build multiple streams of income first so you will have a lot of back ups if somehow your trading will become less profitable than before. For now, it is alright that you are earning little by little because it is a proof that your trading system is working. |
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For me, I will wait for bitcoin to have a confirmation in the trend if it is completely going to be an uptrend or it is just doing sideways. If it is just in sideways then I will not invest in bitcoin because there is a higher risk for me to lose money when that trend changes. I would rather invest and risk my money in a sure uptrend so I can make sure that I will be profiting at the end of the day.
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