Two very important tips for beginners in trading: 1. Always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s. 2. Many traders cannot spend much time in this market. Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process
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What I think is that if someone is new to crypto market then he or she should not trade. Trading requires a lot of experience for earning profits. They should first lean about the basics, top coins, exchanges, wallet and hundreds of things to deal with. In fact, beginner will not be able to understand the technical analysis. Otherwise yes, if someone wants to start trading, he should study technical analysis.
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Bitcointalk username: Kimochidesh Twitter username: @Coinage_guru Twitter auditLink: https://www.twitteraudit.com/Coinage_guruTwitter followers: 3300 BTC Address: 38GNJeVRRY9bJmvt5vzeHJ24bVkLt1641V Er20 wallet for Tokens: 0xc8ccE0A2C4eCDE9B958b913c959703fEfC4F0379 Links of 2 Tweets 1: 2: Links of 5 Retweets 1: 2: 3: 4: 5: 7:
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Yes, investing in Bitcoin for long term can fulfill your retirement needs. Bitcoin being a promising cryptocurrency is perfectly suitable for this purpose. Especially nowadays, Bitcoin is quite low in its value. So investing in it now can prove very beneficial. That’s a good idea; we should start investing in it now.
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1. You should gather knowledge: In addition to knowledge of basic trading procedures, day traders need to keep up on the latest stock market news and events that affect stocks – the Fed's plans for interest rates, the economic outlook, etc. Do your homework. 2. It needs times: trading requires your time – most of your day, in fact. Don’t consider it if you have limited hours to spare. The process requires a trader to track the markets and spot opportunities, which can arise any time during trading hours. 3. As a beginner, it is advisable to start small. So don’t invest huge amount. 4. Be realistic about your profits. A strategy doesn't need to win all the time to be profitable.
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I am a new and small investor, so i wand to know the fundamental and most important issue of the market. Please someone give a easy guideline.
1. You should gather knowledge: In addition to knowledge of basic trading procedures, day traders need to keep up on the latest stock market news and events that affect stocks – the Fed's plans for interest rates, the economic outlook, etc. Do your homework. 2. It needs times: trading requires your time – most of your day, in fact. Don’t consider it if you have limited hours to spare. The process requires a trader to track the markets and spot opportunities, which can arise any time during trading hours. 3. As a beginner, it is advisable to start small. So don’t invest huge amount. 4. Be realistic about your profits. A strategy doesn't need to win all the time to be profitable.
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Which country hosts the highest number of bitcoin users and bitcoin trading volumes in the world? please i would like to know.
I guess, Japan hold s the highest volumes of Bitcoin all over of the world, followed by USA and China. A major push is underway in Japan to increase ‘on the ground’ consumer awareness and use of Bitcoin as a currency, with retailers gaining the opportunity to offer Bitcoin payments in brick and mortar outlets.
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Trading is naturally more risky and people often experience losses. That the inherent nature of trading. You cannot expect to eliminate risks and losses completely. However to reduce the chances of experiencing loss you should study the market properly, make realistic goals. But if you don’t have so much time or cannot afford losses then just stop trading.
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Since you are new in the crypto market, I’ll advise you to familiarize yourself about this market. Read and study about at least top coins. Decide whether you want to invest for short-term or long-term and according research the coin suitable to your needs. I’ll suggest you to invest in Bitcoin for long-term and Ripple for short-term.
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It is actually impossible to trade without experiencing any loss. Yes you can reduce your chances of experiencing loss but you cannot eliminate them completely. In trading you have to make certain predictions. Predicting the future is directly related to uncertainty, therefore more risks are there. But if you analyze the market properly and study the trends carefully and have patience then your chances of experiencing loss may reduce.
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No, fiat is not irrelevant to the world. A major proportion of the world are using fiat only for their purchases. Fiat is the easiest medium for exchanging goods and services. For people who don’t have access to smart phones or internet cannot use cryptos. They can’t even understand this technology. How can you think that fiat is irrelevant in the world?
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Yes there are many. The emergence of blockchain cyber security tools may be the next big thing in blockchain. The need for a more secure blockchain-based identity approach, in which no one holds all the keys, will emerge. The insurance and finance sectors are two of the most likely to experience deep, and threatening, disruption from blockchain technology. Blockchain will drive digital transformation of the enterprise specifically with automation, digitization of processes, tokenization of physical assets and activities and codification of complex contracts.
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Yes I firmly believe that Bitcoin will rise. Bitcoin is an instrument of a volatile cryptocurrency market just like shares. So there will always be rises and falls in its value. Now days its value is quite low but that’s normal in such a volatile market. If the investors continue to support Bitcoin, its value is sure to rise. Bitcoin just needs some time.
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Yes, Mandarin is definitely a better choice. Thanks to the continuous, rapid growth of China’s economy, Mandarin is deemed the second-most important language in global business behind English. Chinese is also one of the most sought-after foreign languages among English language employers; therefore, proficiency in Mandarin is a stand-out asset that is bound to catch the eye of a potential employer.
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First of all, read the white paper issued by the developers carefully. If it includes the buzzword salads like giving high hopes and ambitions without the explanation as to how to achieve them then you should probably stay away from it. Also do check the code repository of the ICOs to see if there is anything good in it or just thousands of words that mean nothing. Don’t forget to find about the details about the developers like who they are, why they are starting a project, etc.
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The constant rise in price of Bitcoin is very important. This will help the Bitcoin with the main issue; Bitcoin can earn many investors from all over the world due to its stable rise in prices. This is what needed at the moment. Many people around the world are still afraid to invest in crypto because of its price. So if Bitcoin will show some constant rise in price it can boost the confidence of many people for investing in it.
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What advantages do altcoins have that differs it from bitcoin ?
It depends a lot on the specific Altcoin as many of them exist only as the leftovers of pump-and-dump schemes intended to make their creators rich. Amway, we all know Bitcoin has a transaction time of over ten minutes on average. And this can take several hours in cases thanks to its very low block size. Altcoins like Dash and Ripple have successfully overcome this problem and has a clear advantage over Bitcoin at this point. Also mining of Bitcoin is much expensive and difficult requires data center for it while Altcoin like ripple can be mined using a mobile phone.
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I think that luck does not exist, the more in a sphere such as cryptoeconomics. In order to enter a profitable project, you need to analyze all the risks, and then again analyze everything.
No, it’s not a total myth even. I think luck does play a role, though to certain extent only. Because I have myself seen such people who have no knowledge of market, technical analysis, graphs or any study, but still they earn sufficient profits. So if it not luck then what? But at the same time I believe that one should leave everything up to luck or your destiny. If you study the market properly and do all such stuff you can make out that when it would the proper time to buy or sell.
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Yes, the Proof-of-stake eliminates some of the major security issues associated with the Proof-of-work scheme. The most obvious of them is the 51% attack. If an attacker was to hack a cryptocurrency network today, for instance, the Bitcoin network, he would have to gain 51% of the computing power. This can be made possible if some of the largest mining pools join together to attack the network. While this is highly unlikely politically, technically, it is still a possibility.
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You should invest something in the crypto market to risk at. You cannot expect getting anything without investing. However, if you so afraid of losing your money, then you should start from the basics. Read them and keep getting more knowledge about this market. Understand it fully and then start investing in it with small amounts. And don’t forget to diversify your investments.
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