No emotional person ever become profitable in trading. Trading requires discipline and patience which emotions is against. The first step in getting rid of emotion is to realize that two things are inevitable: either you lose or you gain. When the former happens, risk management is the cure and not emotions.
yes it is very difficult to accept defeat and realize that trading risk is part of the risk that must be faced. This emotion always says "I have to get a profit" this may be something that must be resisted. Emotion is an important part and I can't control it, it's very difficult to get rid of panic when prices fall. Exactly. Emotion is one of the most important keys, which affects our trading a lot. However, I think that all of us completely can conquer this factor and it depends much on your effort and discipline so that you can control your emotion. Foremost you should have a preparation for a intimate knowledge in order to understand more about trading . The more you comprehend the field, the more you can solve its problem quickly and specifically. Next, setting a limitation for trading and thinking positively. Trying to build experience and skill. Gradually you maybe become professional , then you will easily control your emotion.
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Will never sleep, transactions will always take place anywhere in the world, and the time zone of each country.
Never sleeping is such a attractive characteristic of cryptocurrency. Because it is not controlled by any organization or any person. Especially, it connects so many people in most parts of the world together participate on market and doing transaction so that they can get a good amount of money. In addition, as we all know that when it comes down to cryptocurrency, we mosty use internet and obviously internet never sleep. In a nutshell, cryptocurrency is a convenient form that help many of us to access the benefit.
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I think this will not happen, the globalization of bitcoin is a big challenge. Especially for the leaders of countries, when many countries in the world do not accept bitcoin is a legally traded currency. Bitcoin globalization must address legitimacy in many countries around the world
This is a dilemma that isn’t going to be solved so soon. Bitcoin is trying its best and development team has devised so many methods with which bitcoin and other crypto start pervading in every country. But the problem comes when personal interest of politicians strike with national benefit. And we all know which always wins. May this all sets up well? Truly many coins are created every single day is pretty normal. As I think that human beings characterize their creation incessantly. Always, some has a great idea to a field, thus performing their idea is one of the great way so that the cryptocurrency is becoming developed. Also, when doing a successful coin, definitely one can reach a dramatic amount of income. Cryptocurrency is such a place where people are probably freedom so as that they can earn conveniently. However, many coins are created, we may face with a big trouble in choosing a safe coin.
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I think people are scared of taking risks. Specially because the price is not going up. It is gradually going down. But, the wise ones are only seeing it as opportunity to invest and get good amount of profit when the price increases. I'm hoping for that day to come. Let's see what future brings for the investors.
no one is coward, but everyone want to be careful, people want to remain as sideline because no one know that what is going to happen to bitcoin. still people have doubt that bitcoin price can dump a little more therefore people want to be a little careful while investing money in bitcoin, so we cannot call it as cowardliness. Yep, I completely agree with you guy. We all know that the crypto market covers all kinds of people, but I think if one dares to come to this place, maybe he is not a coward person. Because absolutely before taking part in this market, we probably all know that this market brings a big risk but we still come into and do trading, investing and the likes to make profit. People usually have fear of the bad fluctuation of market, but this is a normal reaction.
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Atleast bitcoin price not fall too far, I don't expect that bitcoin price will always reach new high level of price every years. Price will increase depend on the supply and demand not depend on time. The current market situation is bad for people who buy bitcoin at $12000-$2000.
That’s right dude. As we all know that bitcoin or cryptocurrencie is notoriously volatile, till now the fluctuation of it is really normal. In fact, the bitcoin price is kind of stable , because you know it fluctuates incessantly, the price keeps on having a light increase and a slight decrease in turn. Generally,we should be patient and focus on finding a good way for earning profit. With a positive thinking, you will completely make an accurate decision in order that you can capitalize on this market to earn a significant profit.
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I read an article in October 2018 that the Nasdaq is going to launch the bitcoin exchange, is it really possible? If Nasdaq really opens the bitcoin exchange, how much do you expect the price of bitcoin to rise this year?
This is a very good news and I am very happy to see this improving situation of bitcoin so I am very happy with this news, as I also know when bitcoin was in so much of controversy, though it is still in controversy but earlier it was in so much of controversy and everyone is just criticising bitcoin and no one was ready to approve it but now the era of bitcoin has started as many countries has legalised it, car companies has starting accepting bitcoin and then the NASDAQ is launching a bitcoin exchange. I got your drift guy, and I kind of agree with your answer. In fact, we still don’t hear the definite decision from Nasdaq CEO but as I think that it’s a sign of launching bitcoin in the future. This’s really a great news to bitcoin , it paves the way for bitcoin to become more and more popular. Especially, it may be a motivation for bitcoin to be accepted widespread in many parts of the world. It probably reduce the skepticism about bitcoin from many people and partly affects the thinking of almost governments about banning bitcoin so that they may accept the use of bitcoin in their country.
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Airdrop is a good strategy to get free advertising of ICO, gaining a large user base for all social media accounts and telegram etc. in a very short time.
Airdrop is such a marketing strategy, which help ICO from full of anonymity to gaining all the resources, customers and it’s one of the necessary factor that can take ICO to an successful launch . Generally, it’s used for advertising ICO project. Yep, in fact there are so many airdrops born every single day,and I think it’s such a pretty good way for us to gain benefit. A airdrop is carried out mostly as a reward for loyal customers. Besides, it helps us be aware about a new cryptocurrency. In short, airdrop is kind of useful.
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At first you put only small amount of money when you get into trading but you must be careful that trading is very risky at all time when you have not enough knowledge to do, but sometimes take the risk that is the way to your success.
to start trading, it is better to use a small amount of money first, like what I did in the past. I am using small money when I began trading and at that time, I am very happy when I can make my first time profit. but unfortunately, at that time I don't have much knowledge about trading so I make some mistakes but I can recover my loss just in the next week. you need to know the risk in trading so you can think how to prevent the risk and it not about how much money we can use in trading but it is also how we can prevent every bad thing in trading so we can get into trading with good. No one can deny the role of knowledge when we are in trading. The more you learn, the more you can get. Trading is full of risk but if we can take advantage of it , it brings us many benefits. If one prepares a good knowledge before and while trading, he can solve many problems that he meet in trading field. Besides, making some mistakes in trading is pretty normal, but you should know how to capitalize on that mistake. Because learning from you mistake can help you avoid that mistake in the next time. Indeed, it’s not really useful if you keep waiting for the time bitcoin price is much lower to buy it. If you learn more about the market, you may understand and you would realize when you should buy.
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Learn from the past, history somewhat will help you decide to do what to do in the future---- read some experience of our old members then you will learn that this event has happen also in the past---
Right risk is our part of life even our own life has no guarantee but we cannot stop breathing so I think bitcoin will get better day by day now is the best time to trust it, market of bitcoin is falling because of those who are panic selling and because of bad news but we should not be worry because this is not gonna be forever, price of bitcoin if today is low then tomorrow it will be high once again. anyone who knows btc will not be scared even though the btc price goes down. Why? because they know even i know btc will come back again after going down, this incident often happens every year. BTC after going down will definitely rise high so bad news about btc definitely will not affect the btc price too long. Exactly. I kind of agree your answer guy. Basically, nothing makes us feel worry about the bad fluctuation of market. Because if when you come to this market, you have a preparation for an intimate knowledge, you may be keep remembering that crypto market, bitcoin is a case in point, is extremely volatile. It would never be in dip forever, anyways it will have a rise again. I wonder why so many people who join in this market for a long time, but be ongoing affected by bad news,and they keep on getting loss owning to believing bad news. In fact, getting away panic is a good remedy so that you can think positively and reap big fruits from this market.
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It’s not easy to cope with this problem. If I were in a big debt, I think the first thing I’d do is keeping my head. Because if I don’t keep calm, probably I can’t give any method for solving my problem instead of getting scared to death.. Next, I will plan to borrow my relatives or some friends amount of money for paying debt. In addition, make a list of job which help me to earn significant benefit. Especially I will choose an extra job which can be full my free time. When I get money, I will pay for the one I’ve borrowed. The most important is doing all of my effort in order to not give up so that I can soon pay all my debt..
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Day trade is good now, or is just when market is more unstable ?
It's not important. Many traders still earn a lot of profit with day trade or hour trade when the market go up or down. You can win in trading if you are complete knowledge and control your emotion. When market is unstable or more fluctuations then it's always exist the chances for traders, the most important is you have determine the market trend or not.
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why are people so interested in bitcoin to invest their money in bitcoin because they think they will get a lot of profits and it has been proven that when we invest in bitcoin now there are many who benefit even become rich by bitcoin.
I don't think so. In 2017 and first of 2018, the price of Bitcoin increased very fast, it bring a lot of profit for investors who invested in Bitcoin, make them get rich very fast so many new investors began invest in Bitcoin and hope to make a quick profit from it. But in fact, after the price of Bitcoin reached $20k then it was continuity down, most of people who are investing in Bitcoin now is being lost. My opinion, we should not invest in Bitcoin now because the price of bitcoin is still on long term downtrend, many potentially the price will go down $4000 in this year.
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Because Bitcoin is considered a benchmark, every Altcoin is based on it to show its worth. Bitcoin is like a king, and every Altcoin is a child of it. They always considered Bitcoin as a benchmark to set their prices.
I agree with you to some extend. As I think that bitcoin is a big hit in cryptocurrency field, it’s fame would be larger than altcoins. Although bitcoin is the oldest coin, it’s the prelude of the cryptocurrency and til now it kind of popular in most parts of the world. Especially, we can’t deny its value is much higher than altcoins, also the price is more expensive than others. The number of people joins in bitcoin market is pretty crowded, often people focus on bitcoin closely, thus when bitcoin market has any fluctuation, altcoins may follow to bitcoin’s direction.
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Your opinion on these 2 competitors ? (you also can compare with EOS,NEO,Lisk,Zilliqa).Chinesse IT ministry rated ETH as best blockchain technology you think that some of competitors can surpass ETH in development ?
It's hard to find out coin that can surpass ETH now although EOS, NEO, ADA is competitors of ETH but now they are still in the developing stage, they need a long time to perfect their technology. Vitalik Buterin founder of ETH always give new ideas to improve for ETH to accommodate the reality. This help ETH is not lagged about the technology. So i think ETH is still the best altcoin in 5 next years after Bitcoin.
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Hello. I want to hear your opinion. Cryptocurrency is a bubble? How long will it last? Is it worth continuing to invest in it?
Cryptocurrency is a bubble? It's right at the time because after crypto market reached $800 billions on January 2018 then now it was lost more than 60% value, remain $270 billions but i still believe that crypto market will soon recover because crypto is a new trend of society and it's starting Technological revolution 4.0. So investing in crypto market is right decision for investors. Don't worry for bad performance of the market recently.
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Next x10 coins for 2018- I just suggest 10 or more coins will be reached possibility more high in 2018. OmiseGo Ripple Waves Ark Komodo Golem Monaco Bancor MobileGo Pillar BitDice
In your list i think OmiseGo, Ripple, Waves, Golem are coins can 10x thereout remain coins is hard because they haven't featured in technology and their community is too small. I used to buy BitDice when the price is $0.3 and hopeful it will go to moon because BitDice almost is the first Bitcoin Casino but now the price of BitDice $0.06 ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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Dear friend, So far, I know for kind of earning money from bitcoin and altcoins. I start trading when bitcoin 17000. until now, I lost a haft of money. ICO I have win any ICO. But I did not invest to much. Lending I think have not join anyone. But I think in the first time you can get profit from lending. But no more later. And now, bounty, I still reading and research information about it. No one help or support. One day, hundreds of campaign public. But dont know which one scam or good. I am distempered. Need more advice from you here ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) - Don't worry for the price of Bitcoin is going down because Bitcoin is completely increasing $20k in the next year, many specialist judge that the price of Bitcoin can reach $100k in 2019, so don't sell Bitcoin when you are loss. - ICO is also a good channel to invest in but you need to spend your time to research project which you want to join. Now Recomenber you invest in Ankr Network which is preparing ICO, whitelist is opening. - Bounty: you should join bounty campaign that manage by reputable people in this forum like: yahoo62278, Wapinter, needmoney ....
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We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
I dont think we spend time for Bitcoin is waste our time because Bitcoin and especially blockchain technology is trend of the future if we do not start now maybe we will miss the best chance to invest in them, although the market now is not good but i believe crypto market will be the main market in a few years. Moreover, Bitcoin can also bring a lot of profit in short time so spending time and effort to gain bitcoins is a rational idea.
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My strategy is to hodl my Bitcoins for 10 to 20 years. With Altcoins its different, here I go with the market, there’s always some coins there’s some hype around, and people buy into them. Most of the coins I sell again after some hours or a few weeks. With some coins I lose my bet, and if I see no future in them, I just sell and take my lost and move on.
Hodl Bitcoin 10 - 20 years? I dont think that you can be done this. If the price of bitcoin increase $100k in next year whether you will continue hodling Bitcoin or will sell it instant ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) And i also do not agree that we should not hodl altcoins, many altcoin will bring a lot of profit if we hold them as ETH, NEO. and i believe that in this time, hodling Altcoin is better than hodling bitcoin.
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Good List but you missed the main one, it is GREED! That is one factor which makes us poor while investing in cryptos. I know a lot of people who had bought bitcoin during late 2017 and proudly announced that move in facebook with a lot of hashtags. All of them are in loss today. SOme of them even used their credit card to purchase bitcoin hoping to make astronomical profit to cover the credit card interest fees and enjoy with the rest of the money.
GREED is one factor that drives us towards unrealistic profit making businesses. If greed is the factor that drives your instinct, you are pretty much doomed before you even start.
I really agree with that. even I do not think that far. Thank you for reminding and adding the main thing that makes us a loss in cryptocurrency. Even myself have also experienced losses due to greed. Yep, I do think the same. It is said that “Grasp all, lose all”. People are prone to buy a coin during the ICO and looking forward to seeing it will go to the moon. To tell you the truth, almost everyone hope their investments to increase dramaticall in short time. They even get hurried to invest that they feel worth without a deep analysis which would lead them to a big loss. Besides, the lack of knowledge is also a hairy factor. When one does not get knowledge, he would hardly understand much or are not aware of his doing. He isn’t able to analyze or start a good strategy at all.
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