Your selections are good, that is also in my direction but not as many as yours, if you need to add more then do research on the first set of coins on coinmarketcap but I really do not like holding too many coin, so as to be able to follow updates about them, also to know when to even add more or sell.
Sometimes buying too many coins is not a good choice, but everyone has their own way and strategy in investing. But for myself I agree with you that I don't like investing in lots of coins and prefer to focus on a few coins that I think have the potential to generate profits according to what I observe. There are so many coins put in the market and it is never recommended to invest into every coin that appears amazing to one because these are simple marketing techniques to grab the attention of investors. The best way to invest into coins is to choose the ones that have proven results and secondly do great research before making investment. Don’t simply invest because majority is investing. |
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As long as there is someone who continuosly supporting bitcoin it will still remain. It will continue to work and its price will continuosly going to increase. But I have a doubt. Bitcoin is decentralized. Anytime it can vanish since they do not care about the rules and regulation since no one controls it. So they can vanish whenever they want.
Bitcoin is decentralized not for getting vanished rather to stay out of control of corrupt people. Bitcoin will never vanish as it is giving huge profits to masses and its support is increasing on daily basis. Bitcoin has yet not been legalized in majority of the countries which means it has yet not bloomed at peak. Before becoming legalize all over the world, I strongly believe it is not going to disappear at all. |
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The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?
the worse the trade, the more a country will not be able to develop and will soon be outdated. I think trade is very important for any country that wants to thrive. But what about countries with poor resources like those in Africa? I think they should be more focused on technology and decentralized markets, because they can get rich with their intelligence without producing anything. There are quite a few rich people who rely on crypto trading, it seems that underdeveloped countries need the crypto market. We should work on creating awareness among the people of underdeveloped countries about this development as it would be a huge advantage for them. Trading does not involve much effort it only need active participation. Let’s take initiative to help those who are in need do that they can also enjoy their life. If they will adopt this market it will surely benefit you also. |
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Yes, I see a lot of people who can earn $ 46k in just 30 'margin trading with high leverage. but vice versa, the risks are also great. For newbies, do not be greedy but deposit a lot and then trade big, ensuring you will lose everything. The traders with large capital are those who have experienced from trading for a long time. That's why you should consider it, but it's best to play with a small amount before playing big. It all takes process and patience.
You have very well summed up all the techniques that new comers should adopt to have a better and safe trading. I would like to differentiate between being greedy and earning money. Both are very different things, see when you are greedy you do not care about certain things and try every way to get what you want. In the latter case you want to get money but by good means so as to low the level of risks. So go for the second one to be a good trader. |
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As long as Bitcoin and other cryptocurrencies are not regulated and formaly introduced into financial and economy system they can't help economies in any way. And until that happen s businesses will not use crypto on a massive scale.
So, cryptocurrencies can only help individuals and all othe crypto involvment in economy at any way in unregistered and unrecorded and it's actually underground economy.
It can affect the economy in unregulated way also, it provides opportunities for stabilizing your financial status. If more people will adopt this and would become financially secure, that would reduce the rate of inflation that is one of the leading problem of the world. Reduction in inflation would result into the stability of economy, I think people should adopt it to boost their economy. |
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I only think about the tax when the regulations for the cryptocurrency is accepted because that is the way for the government to take more income from the people. Although it will hard to find the people who used cryptocurrency, they will get the info by searching with the banks. But with the regulations, people will believe in crypto, and they will invest in crypto too. That will make the crypto more popular so that many people will join the crypto world.
Regulating crypto will definitely pool in more investment from a group of users but at the same time, crypto will lose its core value of being anonymous as well as no third party involvement clause. This will keep scammers at bay but early adopters might leave due to restrictions and tax, I think it's better for us if the crypto is unregulated as it was created for the same purpose. It was created with unregulated nature and it will remain the same. Yes it would be beneficial for both the market and users if it would stay the same as people are already overburdened by the huge taxes the governments have implemented over everything. If it would be regulated by someone it would lose the attraction and value it has achieved uphill now. |
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If you lose the prevate key of your bitcoins that will be lose forever. Because nobody can access the Bitcoins without prevate keys. And bitcoin total supply will be remaining same there is no changes can happen in the total supply. I think you have to take care about your prevate key otherwise it will cost you so much.
Well, this is right. It will be lost forever and if I am not mistaken it belongs to be mine once there is a fork occurs, correct me if I'm wrong. According to this online article says that there is 20% of All BTC is Lost, Unrecoverable, Study Shows. Indeed, --there's nothing we can do if we lost our private key and nobody can recover on that besides us, as an owner. Our responsibility to keep safe our valuable stuff like a private key and password. Write in a piece of paper and store it into a safe place. The unique passwords and key that are used in Blockchain make Bitcoin transactions safer and secure. This aspect of digital currency makes it attractive and more adoptive by people. It does not seem possible for me to lose your bitcoins by the security key. As he himself have mentioned “if for example” so it means that he is saying this cannot happen but let’s talk about it. |
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So far its a safe haven for money. Of course we cannot deny to get worried or not confident about it but I guess its all about taking risks. We must be wise to how much we keep for it and well its really a trend nowadays. There are no assurance to safety but we just trust the process. Monitoring and constant checking is helpful to keep us updated of the possible outcomes.
As traders are in a constant fear of losing their assets, so in a traditional way investing in a safe haven is one that offer less risk, in other way in which price constantly rises. Surely at the present time, Bitcoin is a safe haven as its price is increasing. Beside that it offers you an assured safety, but it is the safest and secure form of currency. The risk factor in this market is not unique, risk is involved in every type of business. |
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Risk management is always an important phenomenon as it helps peoples to lose their funds in excess amount. Traders gain success in earning profits from the high volatile markets which gives them immense opportunities to quickly make profits even in the bear markets so trading with cryptocurrencies have been profitable for most of the traders.
But, never forget that these high volatile markets might even make you loose all of your funds if you do not consider a proper risk management. I personally keep stop-loss as well as stop-profit for each of my trade. Prices might pump and then it might experience hard dump which might even keep you at risk so it is always better to set a proper exit point so that you do not experience the dump arriving after the pump. Setting up trading bots who would speculate the markets 24*7 for you would also be an good option in order to reduce the percentage of losses.
A good backup plan or you can say the plan B of trading is very compulsory. Trading is not traditional as other jobs. In this you do not always get what you actually think about. Instead of crying on our lose and completely blank mind you should use extra precaution and be more intelligence in the time of loss. The decision made at that time would predict your future, if you have a positive plan B, may be that return your whole loss, if you will sit blankly, mourning on your loss that would break your heart permanently from trading. |
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Most of the time people lose their money at altcoin. Most altcoin in this crypto market has virtually no use. These coins are made for pump dump and take people's hard earned money. Those who are just holding bitcoin are still winning. And they didn't lose money. When you combine the charts of Bitcoin and altcoin, you will understand what altcoin is intended for. So it goes without saying that altcoin has made people poor.
damn its truly true, I lost a lot of money on altcoins, but what has happened to date, its value has continued to decline. it's better to only hold bitcoin if you want to be rich. but on the other hand, an altcoin which can provide more profits from the pump, it is better to take a moment in a short time than holding altcoin for a long time. It happened to me the same way. I've lost my bitcoins by buying altcoin. Many altcoins is not in the market right now. Many have been scammed. It was the biggest failure of my life, that I couldn't make the right decision at the right time. Now I understand that the best option is to hold Bitcoin. If Emotion and Greed cannot be eliminated, people will continue to be poor. However, many people have lost everything due to the attacks of hackers. One of my acquaintances lost $40k to become a hack victim. if you want to invest in altcoin it's better to choose the top 10 coinmarketcap, at least it's quite safe, because they move in the same direction as bitcoin and of course most of them are good and successful projects. lucky I never get hacked, I am a person who is so very careful, at least always use 1-2 security every time I save money anywhere. never save a large amount of money in exchange that's pretty scary. For the manipulators, it is easy for them to push a certain altcoin into top 10. I think it would be best if you will not depend on the ranking of the cryptocurrencies in the coinmarketcap and just focus on the technical side. Scan the market and look for altcoin that has a good trading volume and good entry point and just set a stop loss to lessen the risk. Going for altcoin is not the good option, you should choose Bitcoin for trading. There is no comparison between Bitcoin and other coins. Bitcoin is leading the crypto market and it has gained successful attraction throughout the world. Altcoin is not trustable as it is usually used by7 the frauds and scammers. If you want to avoid mistakes and ensure benefit go for Bitcoin. |
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Big people keeps talking about bitcoin while very few are directly associated with the bitcoin usage. In recent days I find Akon to be one of the celebrity who has close connection with bitcoin as well as cryptocurrencies. He has created his own Akoin cryptocurrency, and now with the same he has begun to develop his own city with Akoin as the usable currency. This is quite interesting and the effort to help the people of Africa has now gained more media attention.
Now with the rising demand for bitcoin we can see more popular faces to help in the promotion of bitcoin.
That's certainly true, mate. While many famous people in the mainstream world talk about Bitcoin, only a few seem to use it. The more celebrities make use of Bitcoin, the better it'll be for the cryptocurrency's adoption within the mainstream world. People will be curious to use Bitcoin once they see someone famous is patronizing it. It's not the same when you and me (the average person) go out on the street to promote the usage of Bitcoin. With support from celebrities, we'll be able to see a higher user base in return. The Akoin cryptocurrency initiative is quite an interesting project. As far as I'm aware, it's the only crypto which is directly linked to a celebrity for mainstream use. Still though, it's not as popular as other coins like Bitcoin and Ethereum. We need more celebrities using "top of the line" cryptocurrencies for their own benefit in order to drive adoption into the Blockchain industry like never before. As long as core features are taken into consideration (such as scalability and privacy), celebrities will find Bitcoin an attractive alternative to existing Fiat. Not to mention, prices would need to stabilize across the market for celebrities to use Bitcoin as an ordinary currency. While the list of celebrities using Bitcoin is relatively small, there's still hope that it'll grow over time as scalable solutions are implemented. We already have the Lightning Network providing instant and cheap payments to the world. Maybe this will drive famous people (like Apple's Tim Cook or Microsoft's Satya Nadella) into using Bitcoin in their daily lives. Key figures in the mainstream world using the pioneer cryptocurrency, would surely impress crypto enthusiasts and average people alike. Just my thoughts  Not only Akon, many other well-known celebrities are adopting cryptocurrency including Serena Williams, Ashton Kutcher, Mike Tyson, William Shatner and Kanye West. Celebrities attraction and entry into crypto will definitely boost the market. They have also firmly participated in the funding for Blockchain cyber Security Company. Their interest in the company can be taken s a major source of attraction for citizens. As people love to follow what their celebrities do. |
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Yes you can but it would be really hard to do.
I also think you could only find them or know their identity if they have a well known address or an address from some exchange or online wallet that have a strong KYC policy.
This is not true, you cannot track the identity of the owner of transactions, and this is due to the anonymous nature of addresses. Only few companies exist that are specialized in this work, by spending a great time they can only analyze the address and the identity of owner of the transactions. A normal person cannot track this, people are just spreading wrong information about it. |
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Some people ask me how to become a professional trader, I think there is no specific rules on a professional trader, there is nothing called 100% zero, but it can be well-mastered, in order to read some good books, read the blog and another Good quality trader has to follow. And also the most important thing is to practice which can maketh anyone perfect. Some months ago when I started trading or started learning, I did not understand anything, later I collected a lot of books and started reading them, but I did not get any good results, later I got a new trader and he helped me And I follow the instructions given by him, I think that to be a professional trader, there is a good quality trader. Some of my own ideas and some of the help of some people, I did some trades and were very successful and were successful, they were done through our complete personal analysis. Some sample of my successful trade: https://prnt.sc/m9kbu5Well, learning through reading books or watch some tutorials would be helpful but it will not be enough. Much better if there is someone who will help you out to understand these things and especially practice in order to obtain experience which is the most important thing we must acquire in this field. And it is true that in order to be successful you need the help of other, yeah you can do it by yourself but having someone will help you out will definitely yield you into successful trader. I agree with your ideas and explanations, the points written in the books and papers can be used as a guide for you. The successful trader would act as a live example that would also be more helpful because he himself has witnessed rise and fall in the prices and has experienced through all these times. He can better guide about all the situations and how can you overcome difficult times. |
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What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?
In my opinion, it will have a rather bad effect on the economy in general, not in particular with corrupt countries. Because humans are not controlled by the law, we will turn into a more evil and more ambitious person. then people will no longer use fiat money, they will directly use crypto to manipulate like the whales did and will make the decentralized market spark. That is also the consequence that governments around the world do not want, so they have to make quite a lot of laws for crypto. They will try to make laws for crypto, and that laws will work for some time. Crypto is safer and faster, with one word crypto is better, and of course that in long run crypto will boost not just economy, blockchain offer solutions for many other fields. Transparency is what I like most about decentralized blockchain projects, it's what this world needs. It's the near end of playing hide & seek with our governments who make wars in our name, build guns and benefit the rich class. It offer same opportunities for people from all the class. There is no class discrimination in this trade. Basically it was invented to provide a safer and better platform for earning opportunities to those who are not financially good. You can make yourself stable by engaging in this as it provides you best and safe way of earning. No doubt crypto is the safest, best leading market. It is of decentralized nature that do not allow any authorities to control it, in the same way changes made in the regulations will not affect the crypto in any way. The transactions are, made secure by the unique keys. The data of the users is safe and offers very low transaction fee. These all benefits attract people from every class, society, nation and department. It is an opportunity for people of every field as everyone can adopt trading as a part time job. |
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I think the people's attention that came from fast growing of bitcoin price (especially the 2017 bull run), is the most important reason for bitcoin value today. Blockchain is a great tech but Bitcoin is not ready for mass adoption. I would argue that Bitcoin will need to scale faster to accommodate a large increase in users. The fees and confirmation times aren't too horrendous right now but it could get much worse again in future. Segwit needs to have higher adoption and lightning network needs to be implemented widely.
Its value is moving up due to its vast and powerful technology and the multiple benefits that it offers and the wide range of security that it provide is attracting people’s attention toward it. For me both the factors are contributing in increasing its value. Blockchain that act as a back-power for this technology is making it more attractive due to which more and more investors are coming forward to join this market. |
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Some traders and investors think that when trading with crypto currency, one must be bold and confident and make quick decisions. Is excessive confidence in cryptocurrency trading better than doubt and fear, or is it a big drawback?
Having confidence upon your trading is good but having too much of it doesn't make it look good. Excessive confidence might lead on taking a high risk opportunity that could cause loss and so as for lacking of confidence. Besides, I don't think that over confidence will work out in this kind of market the fact that fluctuation rate is not what we think of. Balance is required in every part of your life as you have to make a balance between your job and relations, your needs and you’re earning, your wishes and efforts, same kind of balance is required between over confident and assurance. When you have invested the money that you have earned through hard times you should be confident about your business and good results. But over confidence does not have real consequences. |
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it's good to trade in your spare time, so that your brain does not focus on two branches (trading and office work), because trading is not an easy problem. After all, office computers can usually be accessed by anyone (fellow employees), aren't you afraid that the computer you use turns out to have malware that is ready to eliminate assets in your trading account? be careful friend.
Specifically during break time, and a lunch break. But not really trading but checking the portfolio and price updates.BTW, I am using my phone for checking because its not good yo used the company's resources during working hours for personal gain /purposes.  Trading could never be done in office hours. If we look more deeply then I think that it does depend upon the kind of job that you are doing. There are many people out there who work at places related to the finance such as the banking systems or others. They do get benefit because they can easily trade at work. In fact, their job benefits them as it is much relatable to the crypto market. I completely agree with your point of view, if your job is linked to crypto in any way, that would give you the background knowledge and you will be more comfortable in dealing with both at the same time. If you are from a completely different field like literature or science than you will not have any knowledge about exchanges and trade. This will require much effort from your side. There will be more chances of errors from your side in both types of work. |
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I never save news or videos about bitcoin. because in my opinion it is of no use. and if you want to see the bitcoin movement in the previous year we can see it on the graph. most people i think only upload bitcoin graphic images when bitcoin pump or dump on social media.
There is no need of recording or preserving the history. If it help you in any way you can do that. You can check the required information anytime you can get it from multiple sites on the internet. In the present era of technological advancements people opted for shortcuts and time saving options. If you have the internet facility avail it for a better cause and search whatever you need instead of holding and preserving the history. |
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I think income tax is regulated in each country. And if you make money from bitcoin then it is sufficient that the total annual income requirement will be taxed, but if your income does not reach the minimum income per year then it will not be taxed. And even then depending on how much your income per year, the smaller the tax per year is also getting smaller.
It is fair to pay tax if you have reached the minimum income per year. Paying taxes will help improve the economy of country, a stable economy will flourish better. There is no other way of calculation of tax on the income by crypto market. As it is decentralized, you cannot track easily each and every transactions made by the users. In this way you cannot made a hard and fast rule of paying taxes. |
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I don't see the connection of your title to what you want to ask. That's your money and you can continue your plans of holding it. Determine yourself for shorting or going long right now. You can diversify as much as you want but the very tip that I'll tell you is don't leave your bitcoin investment and never sold all of it. Sell some for diversification but still allocate an amount for a longer time so that if bitcoin ever pumps again and grows naturally, you still have something to get.
Quitting is never a good option, but as you have already experienced a lot in this market you can excel in many ways. As in diversification, you will determine percentages for the distribution of different assets. Diversified investment will reduce the chances of risk and increase the chances of success. You should go for the diversification it will benefit you both in short term and long term investments. |
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