You can make money but not substantial to feed yourself every day. If you have the skills, its the fiverr that only works among the list. Somehow all others I find not a very profitable experience. Uber is good and Airbnb is sure a good profit but this is if you have the rooms and you are willing to serve to accommodate while there is Covid these days.
The thing is that all these require an initial investment by the owner for start making money. If you have nothing with you then making money is a little bit difficult and that's what should be discussed. I guess freelancing is the only way of making money if you do not have any initial investments to make or maybe try writing articles or blogging as I have seen many people get famous from it and then use that fame to make money off it like using affiliate links. |
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It was a usual thing to happen, India decided it to ban crypto before just like China did but they open up back again. Maybe they are unfortunate enough to think that crypto don't have a future to their country and let people remain ignorant of this technology. May the decision isn't unclear to this time but we don't know how it comes into banning plan?
In the first place the RBI wouldn't have thought about people going to Supreme court for the flipping of decision, but the companies and people working in Cryptocurrency sector went to the supreme court and after a very thorough hearing the Court overruled the decision of RBI and made crypto trading legal again in India. So now they are doing the same thing the Legislature way, lets see what will be the fate of cryptocurrencies in India after this new rule comes. Indian government has always been against cryptocurrencies in the first place and the way they are hell bound to ban crypto, i guess they will achieve it in the near future. |
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Hello my all Traders Friend, anyone can tell me the Best Trading coin of Binance Exchange? You can comment Daily or Long time base trading coin of Binance exchange.
You need to find the top coins with a good trading volume on daily and weekly basis. Once you are done with this then you should work your way on reading their trends and when those coins pump and when they go down in value as there are many coins which shows these kinds of pattern on a weekly or monthly basis. So you can easily identify the pattern among those coins and then all you have to do is capitalize when the opportunity comes to your doorstep. |
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The best bitcoin (BTC) trading strategy is one that is perfectly aligned to your own individual goals, risk appetite and available capital. However, there are a few strategies that have become popular with bitcoin traders. These include:
1. HODLing
2. Hedging
3. Trend trading
4. Breakout trading
Add to the list: - Scalping - Bagholding - Arbitrage - Fib trading - S/R flip trading - Elliot Wave Trading Best trading technique is margin trading, if you know it pretty well then you can earn a lot of money in just a small amount of time. I have a few friends that have earned a lot from margin trading on exchanges like Binance and Bitmex. I also have tried margin trading and have made a little bit of money but only on their advice and have made the money on their signals. If you are good in charting and market trends reading then you can do wonders in trading. Also what many people do very frequently is that they buy a lot of cheap newly launched IEO or ICO coins and then wait for their price to rise and sell, very old method but still works. |
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Hello, someone can explaine if is better trade in bnb or btc on binance...and when is better use BTC or BNB. Thanks!  If you want to do margin trading then you should use Bitcoin as there are a lot of price movements in a day in bitcoin, but if you want to do transactions then you should use an altcoins as they are pretty cheap when doing transactions, so for doing a transaction use BNB and trade in bitcoins. Right now bitcoin is at that point from where it can go to either direction either up or down. So I have put half of my money in USDT so as to make a few bucks when bitcoin goes down as the chances of it going down are higher than going up due to the poor economy and COVID 19 pandemic. |
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Quoting for future reference as among these tools there are a lot of them that I haven't used till date and would like to know more about them in depth. Although trading view is the most important when it comes to trading as when you trade you always have to make and study chart patterns and it is the best website for doing so, with almost all the indicators present in it for the purposes of technical analysis. Also there are many telegram channels that are useful in trading for me, I'll edit this post later on and provide the link to those channels and groups. |
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^^ Bitcoin is decentralized and it can never be ceased.
However, government can apply strong negative force on it and ban it indirectly. They can regulate mining or other activities that are vital for Bitcoin and paralyzed the network easily.
But the worldwide ban on cryptocurrencies isn't gonna happen as there are countries like Malta which have legalized cryptocurrencies and are safe harbor for many of the companies dealing in the cryptocurrency business. Also i agree with you on the fact that it is decentralized and can't be banned as there will always be people supporting the network and there isn't a central server holding all the information, anyone with a copy of complete blockchain can again start the network if something bad happens. |
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Yes that is for sure. A supply of only 21 million coins will never be able to become a common currency. Many people still believe that bitcoin will be something huge in the future but they do not know that bitcoin is not fully qualified to be a common currency. It is merely a type of high-value non-physical asset and is being used for whales to take full control of this market.
It is qualified to be a common currency, just like every other currency it can be divided into parts also it can be stored easily by anyone,even it is better than cash as you have the anonymity while using it, no one can know who was the person behind the transaction and most importantly you can have billions of dollars in a small space like a smartphone all you gotta have is internet to access those funds, it is more secure than your bank account, etc etc. Only con in this is that the transactions sometime takes a lot of time to get confirmed otherwise it is better than cash, at least for the literates. |
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It will be better if there will be no conversion that will happen. Like 20k Satoshi for every can of coke without changing it whether the value of bitcoin goes up or down. But I doubt they will do that. It will always be for profit at the end of the day. If one will exist in our country I might try it once just for experience.  Why only once? You should support blockchain idea, make cryptocurrency circulate more. Otherwise what is the point of Coca Cola and others implementing option to pay in cryptocurrency, when everyone prefer to hold it instead of using. But what would be the point of waiting for an hour for your transaction to get confirmed and then have a coke instead you can pay in cash and do the same job in seconds. Although I appreciate the effort that companies are putting to accept bitcoins as a payment option and this would encourage more companies to accept cryptocurrencies as a payment in the future too, as coke is one of the oldest and most trusted companies still surviving today. |
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Hello Everyone,
I guess I am just being curious here. Bitcoin was born after the 2008 recession in which many Bitcoin loyalists have argued that Bitcoin was born to cushion the effect of a possible future recession. What are your prediction and analysis concerning the digital asset if for any reason we witness just another deep recession in 2020? Will Bitcoin go down with the global market?
Previously i used to think that the bitcoin market always do reverse of the financial market as there were many instances to support this theory, but with time this proved wrong and now it mostly does the same what economy is doing. Even at the start of this pandemic the price of bitcoin crashed along with the stock market globally in a matter of hours. So i guess if the Recession kicks in then the price of bitcoin will also fall just like everything. |
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We also have a similar local cryptocurrency exchange that holds bitcoin and several altcoin wallet. Unfortunately, when bitcoin price soar, there is always a frequent maintenance on their side which results to having difficulty of bitcoin to altcoin or crypto to fiat exchange and vice versa.
What do you expect from having these type of businesses? We're dealing with crypto and manipulation is not surprising. Leaving only a small amount of crypto on day to day transaction is still the best practice to avoid such kind of fraud.
At the time of major market swings these exchanges goes down for maintenance, this seems normal in the first place but as this is happening frequently now so it seems odd and these exchanges are most probably trying to manipulate the markets at that point of time. Just recently when the price jumped above $10k coinbase and bitmex went offline and on bitmex there was a sharp decline in price to $8100 in a short period of time. These exchanges are doing shady things behind the curtain and we are still trusting them with our money. |
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I believe that it could hit $15K this year I think the question that we should ask is if it would stay above it or drop down after it hit it.
The BTC could reach those price but staying there is the problem just like when it reach $20K,
The price just stay there for a short time then goes down steadily.
There will be a lot of people who will loose money in this process. Everytime when there is a major pump of bitcoin people tend to go all in like crazy, last time also when the price went upto $20k a lot of people invested at the ATH and price took a reverse shift from that point. So people should always use their brains while investing their money, shouldn't follow the heard and start investing in anything that is hot right now. So I think this time also the same will happen with bitcoin, there will be a huge sharp spike in bitcoin price where everyone will be buying coins so as to not get behind the next big wave, and then there won't be any new buyers left so the price will fall dramatically just like last time. |
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I have recently been quite curious about the many debates about which currency is better.
Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.
The way I see it: Crypto is good now to make some quick cash.Fiat will stay king, at least for a while. Crypto is here to stay forever and if you won't invest into it then you will always be one of those who thinks now that they should have invested back in 2015 when price per bitcoin was around $150 to $300. Now America is under a civil war and China is also facing big trouble due to the blunder that they did in case of announcing Corona outbreak very late. So economies around the world are facing a downfall and people taking out their money from the banks, so where do you think the value of currencies go, obviously it will go down, and this is the right time to realize that holding majority of your funds in fiat isn't a good choice. |
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6. Trading has helped me in my relationship to be patient. 7. ...and lastly, trading has increased my bank account!  I was looking out for patient actually because a trader that doesn't drink the patient water goes no far in trading. Impatient makes you jump into salty water if you understand what I mean So I saw the big part, money in the bank. Yeap, good trader makes sure money. By patience the OP meant that you should always think of the conclusion before initiating any trade, you should do proper research and then do a trade. You should never be influenced by what others say, do your own TA and see what the market looks like as the market always speaks through charts and they are the best way to make money. I have seen many people who just jump right in when the price is rising thinking they will buy high and sell a little higher, but they surely get REKT. Also not always buying in a dump period is not good as then also you can be the one holding a pile of worthless coins. |
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Yes us dollar replaced if china want to change it. This is possible because china are good in managing of economy and good almost in businesses. But i think bitcoin is good partner for chinas digital yuan because there are many people's trust the bitcoin in online aspect.
Also China is always against privacy so their new coin won't have any privacy features and will also be watching your every move as they love to track their own people, so except Chinese people using the Digital Yuan no one else be using it in any other country. I don't understand how can Bitcoin be a partner to the Digital Yuan as Bitcoin can't be controlled by any government, it is decentralized which is much better than the former, also after the Covid blunder who can trust China now, not with their money at least. |
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I've been doing like 5 sats/b transactions which is a lot less than $1 for a while now, and they've been getting confirmed within an hour. If you're paying $1 transaction fees, you're honestly overpaying unless you really want the transaction to be almost instant(next block).
Do you think we need consensus on fees too? Most of the people use popular wallets like Electrum, Mycelium, etc. What if these wallets start showing same fees as recommended? For example, $0.5 equivalent bitcoin as normal fees, $0.8 equivalent as high priority fees and $0.2 equivalent as low priority. I think most of the people don't pay much attention on fees and select whatever wallet suggests. So most of the transactions will happen at same fees and can stop excessive increase in fees during congestion periods. User would still have choice to pay any fees but default fees will be shown same to everyone. Mostly the exchanges charges very high fees and we must pay that in order to withdraw our funds, but what they really do is send the bitcoins to at-least 10 to 20 people in a single transaction and save the fees of those 10 to 20 people at once. This is completely unethical and they should stop doing this as it makes more income for those exchanges and feels like we have been scammed by them. Although I always check the average transaction fees before sending my bitcoins to any address as a quick search can save you a lot of money in the long run. |
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They do not want to ban it because they know people will just use it anyway and will find a way. Plus they are making tax income from it so they do not want to ban it and lose money as well. But they do not like it when they are not in charge neither, they want to control all of bitcoin which they can't which upsets them.
So, the closest thing they could do to manipulate crypto world would be starting a stablecoin backed by the governments. Think about USA creating something like USDT but its backed by the federal bank, that would be super strong and would be preferred method and all of other stablecoins will be gone for sure. That way they could control a part of the crypto world while still in charge and making profit and allowing people to use it as well without banning it.
Government isn't banning cryptocurrencies because if they ban it then the userbase will automatically increase, just have a look at history every time governments ban anything its users always increase like alcohol, any drugs or narcotics. So this is the reason that there isn't any ban on crypto yet as its market is very low as compared to other things. Government just want time to have regulations in place on this unregulated market. |
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I guess it is the experience that can't be taught by a person to another. By experience you come to know when to enter a trade and when not to do. This in the long run decides who is a good trader and who is still a newbie. So this is the reason why internships under established traders is actually a good thing to do.
The other thing that can't be taught in trading is psychology, everyone has always a different approach when it comes to a trade and more experienced the trader, better will be his skills and sentiments about the market.
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Hello,
The situation unfolded for me that I am not a very good trader, when I am trading, I always loosing.
I thought that maybe I can find people to invest into and they could trade with my funds for a share.
Could anyone tell me if this even legal and where I could find this solution?
It will be better if you do trading on your own as in that situation you will be having a lot to learn which will help you in trading and also you won't be risking your money by giving it to someone else as you can get scammed pretty easily. You don't even know that person physically to whom you are giving your funds to. Also by trial and error you will eventually learn trading by loosing money sometimes bu in the end it will be worth it as you will gain a lot of experience and also learn decision making and how to tackle problems while trading. First of all start reading about trading and also about the technical analysis and chart trends. |
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Speaking of my experience when it comes to trading, to be frank there have been many UPs and Downs in my trading career.
When I was new in trading I didn't knew anything about the market at all and also didn't know anything about charting and technical analysis. Also in start there were many lucky breaks and many downfalls which were worse than those lucky breaks and many a times I had to start over because of my huge losses. But now with consistency and hard-work I have actually started making profit on a regular basis.
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