A new year and new hope of adopting blockchain and cryptos around the world. Millions of traders or investors are on this Digital Asset Market already.
A good number of people are coming on this market everyday. What are the challenges, regular issues or problems for the traders or investors during investing? Security, High Risk, Scammers, Hackers etc. can be the problems. What do you think?
Dealing with the market's volatility is one of the hardest things being encountered by most traders and investors which only needs continuous learning. Hackers will always be there no matter what and it's for us to adjust and to avoid them. We could be smart enough to get rid of them. The market itself isn't perfect and there will always be lapses but things will depend on how we handle all the risks and problems that we might be facing. Avoiding things can be a stressful ways of managing the risk of our trading. This isn't an easy task to do while you're in the midst of the pressures, that's why learning more ample ways in controlling emotions must be practiced. Being smart isn't just doing an actions aggressively, but by taking action in a very smooth and step by step process. Yes, calmness and being a master on controlling your emotion will get you anywhere you want because it is one of the keys towards success specially when it comes to trading. Trading is a game where emotion is the first reason why the market goes up and goes down so when you can think out of your emotions then you have an edge over at least 90% of the traders around and you can be at the 10% successful traders. |
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Some are born rich and some are poor so we can't blame them for poor born but after they have matured if they are still poor then they can be blamed. Those who play poor victim card are nonsense people so its better to avoid them but there are also other people who rise from poor state to well earnings stage and they should be applauded for their hardwork.
Yes, that is like what bill gates said. It is okay to be poor but dying as a poor is your fault. We are the captain of our own boat which we can easily dictate the movement of our ship. If you want to sail and reach a great place or island then you should have perseverance to push through high waves and storms because after all those challenges, you will become a great sailor with a lot of achievements. |
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It is easy to trade bitcoin if you have a lot of connection to the whales because that is how are you going to win in trading. The movement of bitcoin is very unpredictable for an ordinary trader because anything can happen in the market since it is not a regulated market and there is a lot of manipulators and big players in the market so if we will be realistic here, it is not easy to trade bitcoin.
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"Money makes money" Also in the other hand. Imagine we have two traders: 1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow  2. A Poor one who needs to go out and work and usually thinking about bills, etc.. Ofcourse, the first one can trade much better than the second one. I hope all you guys be the first one with a good pillow xD That is only true if those that have that money know how to use it, if you have done everything in your power to learn everything about trading and investing then you will generate more money with your money, but if you got that money just because you were lucky enough to be born in a wealthy family then even if you have money you will not know how to use it to generate even more money and you will eventually lose it and end up like the trader in your second example. That is how important is financial literacy. Financial literacy doesn't choose between poor or rich because it is always up to the person if they are going to have a financial literacy. Financial literacy will help a lot because with their knowledge about finances they can identify if something is worth it to try or if it is just a time and money waster. |
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There is time for your endurance to be checked in the trading as there are periods when the coin is not increasing but decreasing. But the good thing about that is that you have to commit to your target price and don't cancel what you've already planned, because if you still follow it, the success will be yours, just like what happens to the trader who invests when the crypto started, most of them are millionaires and some of them are billionaires. Keep until your price reaches, and don't be impatient to get a huge win.
But sometimes even if we have patience or endurance we will still fail in trading. Our expectation is not always in our side and that is why there is no guarantee that we are always going to win in trading. Before I trade a coin, I always make sure that I have bias where my trading setups are applicable, if I do not see a strategy that I can use in a specific coin then I will search for another coin that is suitable to my skills. That is the reason why patience is not enough in trading. You should learn to be adaptive in every situation, learn the movement or the pattern of the market and try to master the basic chart patterns so you will have an idea if you are going to be patient with your position or you will just cut the losses. |
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To start trading at least we must know about the basics that must be owned by a trader, because when you do not have anything that can be applied when trading, it is not a good result for you. There are many sources that we can get now, one of the most important things is that we have to know about the coins we are interested in trading, whether the coins have good potential or not, and in this case we don't need to look for more stable coins but all options is in you.
Definitely. Studying and mastering the basics would be the best option for any beginners or newbie in the trading field because it would be so risky and not profitable if they will dive straight to this volatile market. As a trader for years, I still experience failures and that is why I encourage all of the newbies around to learn the fundamentals so you will lessen your failures ahead of your journey. |
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This is possible because of the hype created by the holders and old cryptocurrency users. We knew that the hype can easily drive the price crazy so a lot of people are taking advantage to buy bitcoin while it is still under $10k. A lot of people are doubting bitcoin because they are calling it as a bubble again because of the recent price spike but this time, the market is more mature so it will not dump fast again. People nowadays know the best thing to do and that is to trust the process and just hodl.
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This is the universal rule that more the risk more will be the earning. This isn't limited within the cryptocurrency market, but anything associated with investment falls under the same rule. When the capital is high, even a small marginal growth will yield big profit, and same is with the loss. While making large scale investment it is easier to profit than investing low and expecting profit.
Yes it’s true that most of the time you have to take a risk to get the greatest reward but you could also lose it all. That’s why not everyone can handle that kind of risk. It is better to stay away from high risk investments or opportunities rather than losing all of your money. Cryptocurrencies are indeed high risk high reward type of investment but if you cannot handle yourself very well then do not take a risk because the market volatility and market manipulation will make your emotion eat your critical thinking. |
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Government would not allow us to just enjoy bitcoin as investment and a payment system without them interfering for their control and to tax us, I think that's the way the world goes, as long as we have the government to govern its people, tax is compulsory and they need to monitor us to ensure that we are paying taxes and to spy on us, that's how they work.
in the early stage, bitcoin was created to give us privacy or anonymity but it doesn't work like that anymore because of government intervention.
It will help bitcoin to attract more people to use it or invest in it because if the government order a regulation about cryptocurrencies then it is an obvious sign for the citizens that the government are acknowledging the use and purpose of cryptocurrency to their country so it is a win-win situation for the enthusiast and also for the government who will get more taxes for their future projects. |
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Bitcoin's current market cap is above 66% of that for all the other altcoins combined. Even if it went down to, say, 40%, BTC still would remain dominant in regards to market capitalization. Bitcoin is the most trusted coin among crypto currencies, and, in fact, all the other alts owe BTC that they are getting any adoption at all. Can any of them replace the king? Maybe, but not in this universe, where, apart from being number one already, Bitcoin has the best team of developers around.
Let's accept the fact that there will be the time that bitcoin will get replaced by a better cryptocurrency. It might be already existing or soon to be released by its developers. Bitcoin is like Nokia which is the pioneer of the cellphone and now it is replaced by the better ones like apple, samsung, huawei and many more. It is not about being the first or being the king, it is about the features and capabilities that you have an advantage on compare to others. |
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From my experience, Making good investors we have to focus on two important facts, the first one is, We should control our emotion, we don't take any decision based on our emotion which may kill our investment because the market system may be totally different, so we have to take decision which must be based on the current market situation, second thing is that, we have to study a lot for gaining the actual fact about the market, we should focus on the future, so we have to be a good speculation about the future, that's why proper knowledge is the best thing for this purpose.
I agree on the first one that you have said because it is really one of the keys toward success. Mastering on how we control our emotions is an awesome skill because you will be able to deal with the market with a calm mind. In my opinion, it would be better if you will suggest to focus on mastering the technical analysis for the second one because it is far way better than just speculating on what might happen to the future. |
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It is so easy for newbies to learn trading now. Back then, the information is not yet around and it is so hard to find a reliable source of information to learn about something. The internet changed a lot of things in just a few decades and if you want to learn about something like trading, you can head straight to youtube to watch some videos about trading and take down notes all of the topic that makes you interested and do a deeper research about that.
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If you want to build a good strategic approach with the market, you should look for the indicators that are available where you can use them to help to identify the possible entry and exit points for your position. Trading is not that hard, the only difficult in trading is the starting stage and once you overcome it, you will unlock a lot of possibilities.
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Finding a legit information is one of the hardest part for those traders who want to study and to get advance. There are fake information all over the internet and there are only legit gurus that giving legit information. I learn to trade when by watching in youtube and also by reading blogs in the internet about trading but experience is really the best key in order to learn how to trade.
We definitely don't need to rely people for our faith in trading, it's not automatic that we succeed right away but we will be there if we have the passion. When I started trading, I made a lot of mistakes but that makes me learn and be more matured, my advise is just do the right money management as that will keep you survive in the game. Right money management and also mastering the patterns and trading with the trend is the key to success in trading. If you have all of those things then you don't need to worry about your results because it will be more on a successful trade than a losing one. If you do not have all of those things then you should start from the basic first up to the advance level so you will have a concrete base of learning. |
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Have a nice day! I know that most of here are all traders if you don't mind can i ask a little questions here because i am curious about trading. How did you do that? How do you read charts because i am still exploring and i don't know how read a charts anybody can help me with this? What is the best way to learn reading charts in an easiest way.
If you're a total beginner then would advise you to visit one of on-line crypto educational programs, there are many. Crypto School or Newscrypto.io are good examples for starting points. On my experience I never been guided by these websites that offers knowledge about trading, what I did was a warzone in which I learned from my own. With respect to trading charts I never valued to analyze it for further reference, because those days was having good times in trading. You're going to gain in just a minute, due to active market on different coins. It is still a wise and safer choice to undergo learning through videos, articles or depending on a website to teach you about the basics of trading. Trading is a lot of fun and it comes with a lot of challenges and you should not underestimate it and just strictly go to the trading platform because the market will punish you hard. Learn to humble yourself and learn the basics first. |
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Greed is the first thing that came in my mind after reading the title of this thread. Despite having a decent amount of experience and information regarding to the market situation, the traders and investors are still struggling with greediness. Greediness is the purpose why they lose money because they tend to look for more profit even their take profit target is already at reach.
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People are realizing the true opportunity behind bitcoin and that is what made them think that holding is the best option to maximize the potential return of this emerging market. I also hold some of my bitcoin but most of my bitcoins are in an exchange which I use to trade altcoins because I also see opportunity in trading beside from holding my bags.
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In my honest opinion, the inflation in the underdeveloped countries are just the same as the other developing countries. It doesn't matter if a country is underdeveloped, developing or developed country because it all depends on the president or the leader that manages the country. Even a country is still underdeveloped but the president is a great leader then they can climb up into top spots of progressing country.
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I have a different opinion about this, you don't need school if you wish to learn something and be successful in life, Ralph Lauren, Bill Gates, Steve Jobs, and many others are great examples. They don't have college degrees but they know what they are doing anyway. Who wishes to learn something will learn, today with the internet it's easier than before for these people, now you just need to have a big wish and you will find a way to learn whatever you want!
That's quite true, but their areas of interest mostly based with technical works and job such as being a developer, a business man and a marketer. They all have in common is a one characteristic which is to be good at communicating with people, and to build trust that eventually leads to profits. In terms of this, we just need to deal with some basics of economics and business administration to have a good start, so the rest will be upon us. Letting ourselves to self learn and to apply how we could make profits out of learning economics at the University. To be honest here, we could still become successful in creating businesses by just having a good communication skills and you do not need an education in a University because the internet is so accessible as well as the information that you can use to learn about the basics of economics. Learning by yourself is the common thing now because it will save you money since the universities charge too much tuition fee for its students. |
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snip..
You seem to forget about China, last year President Xi Jinping announced he would issue their cryptocurrency this year, but don't know yet what month it will be realized. and one more country that is rumored to be starting to use digital money that is Malaysia, cmiiw Let them do what they want. If it is good for their country to prosper even more or to have more convenience than before then it is a good decision for them to test digital assets for their economy. If they will have a positive result from this experimentation then we all know that most of the developing countries will do the same and they will immediately use blockchain technology. |
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