If you are professional then you must know to trade under pressure and nervousness doesn't help to make profits. And to double capital within 2 months is not possible for most of the traders! Because it needs luck to make a good profit in this bear market. So, try to concentrate on one thing, do normal trades and do other things to make money. Best of luck.
In margin trading it is very possible and we have evidence of people that have even make 400% in a month, investing in some coin. For example, those that hedge their USA to Bitcoin in April ending and sold around ending of may have double their capital twice. It all depends on how good you are in trading as many people are making money from what others are losing and keep losing. You just need to become professional or expert and have a deeper knowledge on the up and down of the market or the trading patterns. |
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I just realized speculators add some value to all of us, when they cause spikes in the price. I am a hoarder through and through, but I like to support Bitcoin merchants by buying and paying with bitcoin for some food and drinks on a daily basis. This is the only way to make sure that there would be a continuous demand for coins, if we "feed" the merchants that supports us. So my strategy has always been to use +/- 20% of all the coins I buy... and most of these coins are spend daily on food and drinks. I buy the odd hamburger and chips or Taco and drinks at a local street food merchant that accepts Bitcoin. This gets me to the point of my topic and that is that speculators can have a positive influence on my spending habits and the amount of coins that I spend. If they push up the price, I get to spend less coins. A Taco and Cooldrink cost about say 0.0004 BTC today and when they drive up the price, I can spend less coins the next day, when that same food costs say 0.0003 BTC  Some people stop spending coins, when the price is too low and that is bad for the whole Bitcoin ecosystem. Some people hate these speculators, but I love it when they push up the price and I can spend less coins.  The merchants are the one following the blueprint of bitcoin whitepaper! Bitcoin must be seen as money especially cash in other for us to really utilize it potential. We should be able to used bitcoin The way we used cash in buying foods, clothing and drinks. We may not have see this in full force now but in future that is how it is going to be. We used bitcoin now as a speculative assets and most of us just want its price to keep increasing because they want to keep making profits and that reduces bitcoin to commodities and not currencies. |
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Hey See this news :- https://www.tradingview.com/chart/BTCUSD/BVf3A4dJ-BITCOIN-Golden-approaching-on-3D-Will-history-repeat-itself/Bitcoins is actually down right now and the people are actually saying how it is down and won't be able to make it again to 20k and things like that , one should understand that there is always 2 sides of the situation and we can always see some good news. Might me interesting for everyone since it states how there is this golden cross that the investors are calling it , after crossing it , it will straight away rise higher and higher. I read of this analysis yesterday and it is some how explaining what we expect to happen The yesterday closing candlestick has form a bottom and we should expect a very strong bullish trend that should get bitcoin above $20,000. For those that are still selling out of panic you should expert to regret because bitcoin is better now than last weeks. Remember USA interest cutting is also coming by Wednesday and at that you should expect dollars weaken against bitcoin. |
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You can learn to play card games in any way, but in order to achieve a result, it is not always necessary to use real money bets. It seems to me that there is already quite a lot of excitement in the card game, even if you play not for something, but in the circle of friends in offline.
I learned to play card games through my cousins, we're playing just for fun without money involved. This experience gave me an edge to think what strategy to apply everytime I gamble (for card games only particularly tongits and poker). There are games that is more on luck but there are also games wherein you use what you learned from your past experiences, its just depends on what game you're going to play. Experienced gives some good hints to play much better, you can use the strategy that you've learned and take things out to the directions you plan inside your minds, from each time you practice one strategy to another you soon then find the right combinations and win over your opponents, but yes, luck still play a lot but with those combinations you've got, you are also adding chances to win. We only win when we have good gambling plan at hand and always willing to accept defeat or loses when it arise. Expectations of winning all the games , dice, lottery and pokers is what always put us into problems in gambling and if things did not go our ways we began to call gambling many names! To win you must have little of strategy and be lucky enough. However, been lucky playing around 99% why you win in gambling. |
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Recenty, I started trading cryptocurrency assets and other currency pairs using MT4. I think I'm having a good experience but my challenge is after setting my take profit, it refuses to be triggered.
To all the experienced traders here, what could be the cause?
MTA4 don't fail in command! Base on my experience as a forex trader were we completely used mta 4 mta5 trading platform I have never experienced that. The untrigger order or command is an error on your side and maybe you should screenshot so we can understand what really happened and advise you well. If it is in cryptocurrencies' exchange platform, I could have said it might be that there is not enough correspond order to fill your order. The way limit order is set in exchange is quite different from mta4 platform and you cannot use the knowledge of one for another. |
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For us to know the peaks we must understand the money flow indicators like Macd, volume and chaikin-Osc. The for going indicators do measure the inflow and outflow of funds into the cryptocurrency market and we can easily measure the pick by knowing how to professionally interpret them in combination with candlestick formations and patterns. The are some ma cross that we can also used to understand the state of them , however, it is lag indicator.
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I read this story at coindesk the day before yesterday and I agree with the author that bitcoin is actually heading somewhere. We have many reasons to see bitcoin at $42,000 or even $64,000 by the end of this year. The issue of libra has really brought bitcoin as a subject of discussion this day and my country government that hardly think of cryptocurrency are now setting up different committees to look into it and see how to manage the adoption of bitcoin and another related cryptocurrency. If you have an interest in making it huge in cryptocurrency then now should be the right time to buy as it is at indecision areas of its circle. |
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volatility disappears only when we will have a huge market capitalization. with large capitalization, it will be impossible or very difficult to manipulate
No, you're wrong buddy because huge market capitalization doesn't save any cryptocurrency from market manipulations but the level of support (i.e adoption or accumulation) which will literally boost more investors trust. An example is BCH when it was created there's is a lot of misconception going on which lead huge crypto miners mining the coin instead of BTC then, Btc market started experiencing dump in price but when the misconception all gone miners switch back to BTC and BTC started to experience surge in price. What I'm trying to point out is that miners and community support level in terms of mining and accumulation of coin determine the future of every crypto in the market and this is one of the reason why altcoin market is highly manipulated once the arbitrage traders switch to BTC the price will drastically dump. Miner contribute significantly to how the coins perform. We have over a thousand coins(btc) been mine every day and if the miners keep dumping this mining coins there is no way bitcoin will not go backward but if they keep holding we would see significant upward movement in pricing. Bitcoin is volatile and that is because it is business! We don't have a monetary policy or regulatory that regulate its pricing and the forces of demand and supply is what determines its prices and because of that, I think it will never be stable as it is going to find it very difficult to be in the state of equilibrium. |
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The recent uprising in the scam accusation in cryptocurrency has drawn my possible attention toward investors (Newbie); who are most vulnerable. Many conviction based on this has gone viral and have come up with an idea that looks pretty good for investors (Newbie) to look out for before they take any decision toward their investment in any project or scheme in this industry. Cautioning cryptocurrency investors (Newbie) of potential scammers around the industry, who claims that their scheme is “risk-free”, “absolutely safe” and “guaranteed profit” are hallmarks of a fraud.
Ensure to watch-out for these phrase from those scammers and when detected never invest in such project or scheme, they are all Ponzi Scheme.
Kindly add your opinion.
Scamming and frauding has been around before the era of blockchain and Bitcoin but we are seeing another level of it now especially since people now see Bitcoin and cryptocurrencies' investment as a new window of making money fast. It is true that people take advantage of this in 2017 to become rich by investing blindly into some projects that get a pump in 2017 and some of them got huge returned on investments. The scammers used this opportunity to bring out fakes projects and since they have marketing agents that help them in promotions on social media, some of them were able to gather a lot of funds from the public and runway with such funds. Thank you, op for this point you have risen and I will advise newbies to be careful. |
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Nano is faster! Bitcoin is slower.  Nano has no fees, you send 1 Nano you get 1 Nano! Bitcoin has massive fees, you send 0.01 Bitcoin you get 0.0097 Bitcoin. Nano has superior tech! Bitcoin is outdated. Nano is the future! Bitcoin is the past.  Why aren't you holding any nano? Nano may have best technology and other quality you have mentioned but last week one of the world leaders refer to altcoins as "shitcoins"! It means bitcoin is the only coins that can stand for cryptocurrency both now and in the future. We have many coins that are now living in the past and nobody or few people are buying them now but bitcoin is increasing its dominant on the cryptocurrency market and that dominant keep increasing daily and I think nano is one of those coins that bitcoin is dominating. The future is there for us to look into what is happening now. |
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I do not know any beginner who would not lose money in trading. Even relatively experienced traders lose money from time to time. No one is immune from this.
Been a professional or expert would not shade you from losing and you just need to understand that every traders do lose money and what actually differentiate professionals from the amateurs traders is how careful and patience when they are in the face of strong directions against their order and how they used it to their advantage is what put them in position to make profits. |
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Just like the title, in my country, Japan, I think people are leaving blockchain scene believing that there's no future.
In Korea, on the contrast, people are waiting for the listing of the KLAY, the token made by Klaytn.
Which is the real??
I have invested both time and money in two projects that were well publicised on net but as at today there are at loss of 93 to 95% loses. Since listed in an exchange last month and the listing was done when bitcoin was in a bullish trend. The projects have to find a way were emotions around bitcoin should not affect there price if not some of them will not be in existence in some years to come. |
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According to a recent bill's draft:
"India has proposed a jail term of one to ten years for those who mine, hold or sell cryptocurrencies."
I was wondering how someone could say that 'A' is holding 'X' amount of bitcoins in his address 'Y'.
What if the person generated the wallet and learned the passphrase leaving behind no physical evidence of the ownership of the address. At that point, it would just be an address with a balance on the blockchain ledger.
Or if he just made the backup of private keys on a paper and destroyed it upon inspection (having a backup somewhere else). How is the government going to track down who's holding at what address? That's just stupid.
Similarly, they can't impose a ban on mining as it is just a computer software and blockchain protocol cannot be blocked by the government.
What do you think? Would the govt. be able to catch someone who violates this?
Mining is a combination of software and hardware and to mining bitcoin now encompass huge computers that can easily identify. The software can even be traced by governments agency. If governments put a ban on cryptocurrency except someone can manipulate, it will be very difficult to do without being cut. The only thing I see by India government banning cryptocurrency and build their own government-approved digital currency is that they are going to regret it later because if developed countries are treating bitcoin with carefulness then i think it is going to be something of great values in future. |
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what about on the advanced level? I'm already into trading for a while now and everything I find on the net are the basics., but I know I have a lot more to learn. So except doing the work and learning from own mistakes and success, is there any platform giving the edge (if I can say it like that) by providing some tools or deeper analysis ?
I have not come across any reliable cryptocurrencies sites that really do what forexfactory and fxtreet do in forex trading for cryptocurrency! I believe it is still very early for us to see mature sites that do that. However, most of the advanced cryptocurrency trading information are shared here free by the members of this forum and you just need to visit speculative and trading sections here for those information you are looking for. I have been following this guy on Twitter and he do give quality and reliable trading information and you can following him also to get those information: @krugermacro. |
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The influence of Joseph Lubin of Ethereum and Ryan Zagone of Ripple will certainly corrupt the task force and make it move according to the advantage of their own platforms. The New York state government have certainly made an improper start by including those 2.  Ethereum co-founder Joseph Lubin and Ripple director of regulatory relations Ryan Zagone have been appointed to New York’s new Digital Currency Taskforce.
The group will help New York lawmakers shape the regulatory environment for blockchain and cryptocurrency in the Big Apple.
Assemblymember Clyde Vanel announced the six legislative selections for the task force, which was created back in January.
“New York was the first state in the nation to create a cryptocurrency task force to help the states and the country figure out how to properly regulate digital currency and blockchain technology...
We are excited that we’re going to have some of the premier people in blockchain technology and in cryptocurrency help guide New York state and the country, and maybe the world, on finding the right level of regulations in this space.”Read in full https://dailyhodl.com/2019/07/24/ethereum-co-founder-and-ripple-executive-join-new-yorks-digital-currency-taskforce/This is good news because in the past we thought governments has been behaving as if they will not need cryptocurrency experts before regulating blockchain technology. This two cryptocurrencies’ experts are going to advise task force in a way that will help the growth of cryptocurrency. If you are still thinking that USA governments or New York is going to ban bitcoin then you are deceiving yourself . Any negative comments from governments against bitcoin from now should be consider as FOMO or FUD and that is for them bring bitcoin down to buy cheap. |
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I’m 80% bitcoin, 20% alts. Most of those 20% alts were bought with bitcoin when I “thought” the Satoshi level was low. Little did I know it would go A LOT lower. That 20% is Litecoin, Ethereum, Cardano and Ripple.
Since I’ve seen their Satoshi prices cut in half...every day I think I should cut my losses.
But then I look at the charts and, especially Cardano, I’m not sure how much lower it can go. Then again...who knows. It could go much further down from here.
I don’t think it is only you that is having that impulse not to sell your altcoins for bitcoin because some of the Altoonas are not doing well now. However, some bitcoin holders are also under extremely pressure to sell for usd or fiat as the market go below $10,000. One of the greatest tools I have see in this market is patience and be disciplined enough not to sell at loses. I have made up my mind to sell whenever my holding are in profits and never to sell when there are in loses. |
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"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."
where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
This are propagation against bitcoin and cryptocurrency to me the south Korean governments have never told us how much was as crime through USD or their country's money for the past two to three years. It is good we have all this data in other to be able to see if cryptocurrency is highest in criminal activities or not. We have story of how many millions or billions of dollars or other currency that people has used in stilling public funds and corrupt leaders has used in laund money. I think singlehandedly bringing bitcoin out as something that attracts criminals is not good and I think governments is doing all this in other to be able to called bitcoin bad names. |
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Among the old coins, litecoin still remains one of the coins that has not done well and it should be above $300 or $200 but it still below $100. When op opens this thread in match bitcoin was seriously down and around $38 but it has done well since April and it has the best month in June. To me, it will do very well when the next bull run commences and that means it is good if you have risk funds to buy now that it is still below $100 and in the face of the correction.
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What can we do about the scammer Craig Wright who is again threatening to sell 821,050 bitcoin next year? This is just ridiculous as he is probably causing the bitcoin price to be weak as he spreads his lies.  https://ibb.co/3zSB2rwNot sure how to post the image. The more this man talks, the more his reputation level goes down. The more he expresses insistence about his being Satoshi, the more he looks insane. This threat is nothing but a vivid implication of his desperation, both as a Satoshi wanna-be and as a marketer for the helpless BSV. First and foremost, does he have any indubitable proof that he really has this huge amount of Bitcoin? I have read many stories about this man and I don't think he has such amount of bitcoin. About two weeks ago or three he said "I will sell 1,000,000 BTC in three different exchange" and now the figure has started changing. and this is the sign that the claim he is making that he is "Satoshi" is false and the consistently not tell the truth is a sign that he is among the people trying to create fud to buying cheap. Bitcoin will grow even if he desired to sell 3,000,000 as we have many that are ready to buy the dip and kick him out of the whales he claims to be. Good luck to all the enthusiast that keep faith with bitcoin ! |
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Good knowledge of Forex trading will really help in trading crypto currency as both are almost similar. Buy and hold for a long time is not some time advisable ( though all depends your point of entry) because there some stock and crypto currency you will hold for a longer period and it will become worthless or become less in value as compared to when you bought them.
I also trade forex, it is most times helpful if you are a forex trader before coming into cryptocurrency trading, it'll aid you to get acquainted in taking risks and understanding how to trade without emotions Long time trading is good for the bitcoin, it cannot become worthless or lose much value to make it that, but hodling ico coins or alts for so long is not advisable if you ask me, it always has the potential to crash. Good to know that you are also a Forex trader like my humble self, I must confess that the experience of Forex trading has really helped me in trading crypto currency all this while. The long time hold that I mentioned in my submission was about stock and cryptocurrency which I didn't single out Bitcoin but what I really meant was altcoins. Forex trading and bitcoin or cryptocurrency trading are the same things and why people see bitcoin different from forex trading is because of the way we are using it right now. Forex trading is a simultaneous exchange of to currencies and since bitcoin should be referred to as digital cash or internet money then when you are trading it with any of the major currency like USD, and the transactions are simultaneous, you are trading forex. However, because of the volatility, holding is still the best way as we should know that you can hold for the long term and make money from the market |
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