Trading with btc - eth, I buy too high ( 0,082 ) and today I sell all on 0,077. Before that trade btc - ripple ( xrp ), make mistake buy 0,0002150 so today I sell with price 0,0001200. I decide to sell all because my patience is finish. I have loss almost 40% from my money, my question is simple ................. stop or continue?
Altcoin is more volatile than bitcoin.You have bought high and sold at low.You have just done panic selling.No research.Not analyzed the price movements of coins you have bought.You must have a little bit patience to earn.Now just hold your bitcoins.Since bitcoin price is steadily rising,you could get good profits within six months by just holding your bitcoins.Remember investment in bitcoin should be made on a long term basis. Profit and loss is part of every business. It obviously doesn’t mean you should stop trading with bitcoins. At the start trading can seem very hard and people may lose their faith but you have to have some courage to see yourself emerging out of loss to profit. If a trader lost 40% today, surely after he will learn how trading works and gain some skills then may be his daily profit is 40% also which is a lot, but people even earn double. It completely depends on our focus and hard work. |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
In some country they banned bitcoin, and other nations why they're supporting it because they thought bitcoin was a threat to their business and can have a conflict once they adapt bitcoin, just something like that. Bitcoins gives national conflict on each banking system on all countries thats why some other countries banned their country men to used this coin, But their banned implementation has not been totally cast since there are several people who came from banned countries still using it since they know they can get more benifits unto it and rather can earn more money from staking and job hunting with the help of this coin. Yeah the bitcoin can be a threat to the existing banking system damaging the whole financial system planned by a country. This is the basic reason that the bitcoin is a challenge to the banks due to which the governments don’t want the bitcoin in their country to keep the financial operations going smooth. If the bitcoin is inducted it will be conflicting for the state bank even and the state bank means a regulatory authority which the bitcoin don’t accepts. |
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In my own point of view, I think it is but let's say it that it is not a way but a bridge. If you put your heart all the way to bitcoin I assumed that you might be rich but let's also think that bitcoin is just a currency and you need some works related to it. So, you have to do much hard work to instantly get rich but it is not magic you will totally be rich in instant, hard work is the key.
In every matter of life we require hard work in order to achieve the success. Same goes for the bitcoin. Bitcoin can help you in becoming rich. But it's not the Aladdin’s lamp which fulfil your wish and make you rich. You will have to give time to bitcoin. You will have to learn its tactics and how to earn profit by mean of bitcoin. It you know the tactics of utilizing a bitcoin, you will soon be a millionaire but if you are unaware of utilizing it in proper way , it's a destruction of your wealth and you will soon one of those who talk against bitcoin. |
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I always use Bitcoin is value for calculate my profit, because I trading BTC/Altcoins and I will make profit with Bitcoin, not is USD. I want earning more Bitcoin before it very popular, reach to highest price and very difficult when earning it. Every month, I sell some Bitcoin to FIAT and use it as salary for my life  I guess for altcoin trading the profit decider must be number of satoshi where in bitcoin trading against fiats, fiat value should be taken into consideration for profit/loss calculations. Honestly we do not need to have any confusion here on basis or against what we are trading that should be taken for considering profit and loss calculations. In trading pair notation like x/y : x must denote as the trading asset and y is the profit decider. In BTC/USD, dollars must be the profit decider and in LTC/BTC, bitcoins must be the profit decider. |
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50% of traders must be most probably accurate answer here.
But practically one high volume trader will be losing that money may go to some 10 traders too. Because one person's losses may the profit of another person but trading does not need to happen one to one manner. There could be more possibilities for one trader against multiple trader kind of scenario always. Hence I believe we cannot be sure what percentage of people are making profits.
I understand you are contradicting yourself. But the real fact is we cannot be sure how much percentage of traders are making profits. Moreover there could not be any accurate data on this will be possible. Losses are part of trading, so a winner might turn into loser some other day. But forex markets are revealing how much traders are making profits and who are all remaining losers. But I believe those things are just approximate data based on few survey and studies. I too believe 50% can be a good answer here because one trader makes losses and that money goes into another trader to bring profits for him. We can ignore how many traders will be sharing those profits. Literally in any type of trading there could be 50% of people will be making profits. |
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You can understand Technical Analysis and Chart are miniature version of the market picture, all mentality of trader are show by chart and candle. And when you have all data about market from this picture, you can use your brain with Technical Analysis to guess the trend in next time, can long-term or short-term by your want and time frame you used for checking
Yes, in my expediencies both are important rather than going with only one. A trader must look into having multiple options to trader better compared to looking for shirking the technical part to save time. I mean we must spend more time for technical analysis by working on both charts and different indicators so that we can get good results with trading. Time is money in trading too. If we spend more time for research and analysis then the struggle against volatility will be less which may help to make big profits easily. |
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Well experienced traders rarely go on panic mode anymore i think. Because just like you, we know that once a coin drops, it's almost certain that it would go up again. Just do a little research and it's a lot better to wait for a long time than to sell at a price where you'll lose money
When we will be having predetermined plans for what to do on different market conditions like what to do when market over react as per our predictions or what to do when market goes against our predictions, there will be very thin chances to get panic during market hours. Yes these plans and accepting ant situations will come into practice only through experiences. Every trader must be facing losses but not all the traders are getting panic. Because some traders gain experiences from their mistakes which helps them to become "professional" traders. |
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Hi guys! It's often discussed here that you can't make any money from gambling, but in general it's just not true. House edge is usually quite low so the most of the money go back to players. Of course some one wins more than he bet, some one wins less and loses in the end. It's all about luck. I am sure that the most of you was lucky at least once and made some nice money. So my question goes here: How did you spend this money? Did you buy some presents for your close ones? Did you buy something for you? Did you invested it, saved it or even put back into gambling (and then made even more or lost it?)? Share your stories ) Cheers, OshiHugo When I win some money, I treat myself with a bit of ice cream, burger or anything that I like to eat. That is my way to treat myself. Sometimes I save some of it. 😊 That is a very good idea about invest the money the money that we earn from bitcoin. The amount that we get from bitcoin and then use it to fulfill our needs is the real income that we get from bitcoin, most of the people even after getting a good amount of money from gambling continue to play every with the winning amount. I think we need to withdrawal the winning amount and always play upto our limit either we are getting profit or losing bets. |
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Gambling has its way to make players think irrational, that is the reason why most of the time player who have played long hours and have established a good profit make large mistakes like betting all in on higher chances and would end up busting. I am happy for you OP that you have quit gambling and I hope not to see you in gambling sites ever. :p
Gambling isn't that bad as it is a way to entertain yourself. But if you are addicted to it then its like drugs you will give each single penny of your to get hands on the site with bitcoins. But there are some addicted gambler who are so much satisfactory with their gambling and in fact they are playing gambling in such a way that it has not effect on their social life and they play gambling just like a normal activity, I think such people have good control over their emotion s and greed and may be such people can afford even to lose a big amount of money and having no such bad effect on their lives. |
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Quick profits is not that hard in trading but in gambling it is always hard. There is greater risk to lose more money in gambling than if you are trading. Though in trading it requires a high level of skill to do which is not required in gambling. In gambling you just need to roll the dice, and you're either poor or rich. That is so different from trading.
I think we can expect the quickest profit from gambling, that we cannot expect from trading or any other source. But for that you will bet high and therefore the risk of losing money will also be so much high. You can get quick income from gambling if you are investing a great amount of money, that some time the greedy people do. But instead of making money they even lose their own invested money. |
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You can simply trade in altcoins to make bitcoins or you can do signature campaigns, the fact is that trading is risky and signature campaigns are not payed very well (depending on which you pick).
Indeed, there many ways to earn bitcoin but if you want to make 1 bitcoin in a month you need to work in order to reach that. In addition to that, you can simple invest your money in any trading sites to gain bitcoin. However it took longer time to wait. I also agree that joining in signature campaign in bitcoin forum will help to gain more bitcoin and it is very effective. If you consider yourself that you are a lucky person then gambling is one of the most easiest way of making 1 bitcoin in a very very short time. may be in days. But in gambling we mostly depend on our luck and I am sure that that no one can so much luck may in exceptional cases some people have made more that 2 bitcoin in a single day but in general we can see that most of the people lose money in gambling. |
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there is a lot of those businessmen who deals with that kinds of invesrments you've mentioned, but the probleme is how it iw to be implemented. One ways to implement this is you should be developing a seminars for these people who engaged on a particular business. It can be consumers, owners and other people who planned a future business ahead. The aim is to attract those people regarding the profit that they may gain if they will accept bitcoin as payment of their businesses, more importantly is the time consumed of transactions; and it's a cashless type of spending. Let them register an online wallet in order for them to have assurance on the earnings they will.be having soon bitcoiners will transact in a test run to those businessmen.
That is good explanation but what about the fluctuation of bitcoin price. I think it will be the single point which will make It more difficult to convince them to invest their money in bitcoin, or use bitcoin for their business. I think it will become easier if the price of bitcoin become stable and when we become able to expect less fluctuation in the price of bitcoin otherwise they will fell hesitation to add bitcoin in their business. |
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it is more like do not put all your eggs in one basket because if you will just focus in trading and not do investing then you are risking all your money that can potentially lead to a huge loss while if you are well diversified and you have savings, investments and also you are trading then you are financially secured and that is right that not all the times you will earn because there are times that you are doomed and blessed.
It is depending on the experience of a person, if a person have good experience in trading then he need to go with trading, but even in trading he have two choices short term investment and long term investment, some people have experience in short term trading, which can also be called as day trading , I personally have good experience in short term trading and therefore I mostly invest my money for short term. |
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Banks will start wars between countries, races, religious to obtain more power, let alone what they would do for not losing their existince. Unfortunately, they will always exist.
Exactly there are many trades has been done though banks. No one country will ever want to disappear any bank from a country. Suppose if bank is removed from a country. In a law if any bank default then you cannot get the money you have keep in a bank. If you take a loan from a bank. You are also free which huge disadvantage for a bank is. But one thing can happen Banks will allow bitcoins in a future as it is seeing. |
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What I like about bitcoin is it's easy to access and the convertion of it between our currency is really huge which means it helps me to earn money.
Yes exactly there are many other advantages too. You can easily change your currency to Bitcoin, Giving opportunities to people and also it has worth and it is growing rapidly to having bitcoins. So I would prefer that bitcoins are best and it will be like that forever and Bitcoin is also looking to improve disadvantages. So keep it up with Bitcoin and believe in bitcoin. |
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We should all pester our local burger king to take them as well. That is how you make it happen.
Annoying them is not a step to allow bitcoin. Introduction is a best step to introduce bitcoin in a local burger king. Not just in a local burger king. Introduce Bitcoin to all those shops which are famous. All those services who are famous then our government will take an action to allow bitcoin. So bitcoin will be accept to exchange serve and good in a whole country. |
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ppl need to cashout, that's ok.
Yep that is why we have corrections, no currency or asset can go up exponentially forever without having a substancial number of people cashing out causing the market to correct itself down a bit from time to time. The alternative would just signal a massive bubble forming. Correct. This is one of those signal that will indicate massive bubble. Prediction is that after activation in August we will see major bubble, still some think we will see falling in price but this small amount of speculators. This will only rally more investors with this correction and think that this isnt last one. Expect to see at least 2-3 more before activation. Is it definitely a signal that will give a big bubble?? I think is not, we can only predict whether the price will fall or rise without a clear basis. Actually we know when the price will start falling, it's there any bad news even though it is also not certain to make the price fall because now bitcoin holders are pretty much that where they do not want to sell their bitcoin even though the price down. We the bitcoin users can save the bitcoin from falling its price low, when all the bitcoin users will prefer to hold the bitcoin and not to sell it, I think it will really work. The price of the bitcoin can fall due to the correction but if the issues are resolved that currently are making problems for the bitcoin to grow more, then I think the price of the bitcoin will boom. I don’t know what will happen in the future with the bitcoin but I only hope that all is going to happen for the wellbeing of the bitcoin. |
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Bitcoin price after 1 August - Down 50%
how do you think about bitcoin price after 1 August 2017.
if there is hard folk, will price down to 50%??
I would like to know exactly.
Hey, no one knows exactly what will happen on Aug 1. But I don't think that bitcoin can go down at 50%. May I know you asking though? It seems to me that you are reading to much FUD around. The best thing to do is hold on your bitcoin, and make sure you have control of it (private keys). And just in case its down to 50%, are you will you buy then? This is how I think about the bitcoin price as well. Prices going this much down like 50% is insane. I don’t think it is going to happen anyway. The bitcoin price is determined by the number of its users by the demand of the bitcoin and I think we have a great demand for the bitcoin in the market. Some of the people are scared of the Segwit but I am pretty much hopeful that it will bring some nice changes to the bitcoin features and price. |
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From the "slightly bullish" price movement at the beginning of this thread we moved now to a "slightly bearish" trend, but still nothing to worry about - no relevant price mark has been broken so far.
The market is still in "wait and see" mode. I guess it will stay there for the next three weeks, until there is real news respect to Segwit2x deployment. It's understandable, as normally it would be a good moment to take profits, but on the other hand, doing that one risks "missing the train" if Segwit2x leads to another rally - and as we know because of the "buy the rumours" effect, the rally can begin any day, if some insider has interesting information (or wants to make us believe he/she has) I wouldn't be so certain of that US dollar lending interest rates are falling like a second or even third week in a row at Bitfinex, with more and more dollars wanting to be lent out (right now it's over 6 million dollars at ~0.07 daily interest). A month ago the rates were 3 times as much (people were borrowing dollars to buy bitcoins to sell them at a premium). This basically tells us that traders are moving from Bitcoin to fiat as a safe haven. Also, we could look at Bitcoin volume traded during the last few days. If this value went down (which seems to be the case), we could expect an abrupt crash in the Bitcoin price when someone relatively big starts selling out and then panic sell-offs inevitably kick in The fiat nowadays is preferred by the traders because of the segwit application, one when the segwet will be over after the month of august I hope that people will once again start buying the Bitcoin and what if the price of the Bitcoin went high during the month of august ? I am sure people are planning to look at both sides of the picture and will decide to what to do. Even if the price gets low I believe that the Bitcoin is able to bring it back to $3000 soon. There must be some panic sellers but besides we have the risk takers are keeping their coins. |
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Segwit pump could lead the price to $5000. The hype will be real within one month.
I hope so it'll be in one month but I'm still having doubts on that time frame. Seems like it could lead to the price of $5000 probably by end of this year, but we'll never know it could be after August 1 too. I think august 1 is given a big expectation. Finally this will go opposite to that people were predicting. Price might go higher and cross the $3000 before the august. Rest is purely unpredictable, because the same price pumping towards $3000 might took the price above $5000. Other than that I believe the year end price increase might provide a chance. I think we still have one month left in the august and we can expect anything from the bitcoin during this period. Something if encouraging came during this period I think the price can cross $3000 before the august even. The current price of the bitcoin is like in a to and fro motion of $2500 & $2600 so it may jump above and can reach again to $3000. I think the bitcoin is capable of chasing this price very soon. |
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