No need to panic, the price of Bitcoin behaves perfectly. It seems to me that a little more and Bitcoin will overcome the price limit of 10 thousand dollars. Any asset always rises and falls in price. The increase cannot be eternal, nor can the fall. Enough panic, fasten your seat belts, maybe Bitcoin is going to the moon.
Even if we look at markets that deal with concrete assets, they suffer from bearish market as well. There are many scenarios where gold market went down. There is no market that can avoid volatility or prices. Since bitcoin market is based on the principle of volatility, we shall not fear this thing rather like successful traders make use of it for profits. For now, bitcoin is expected to reach 10,000 $ plus by December. |
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Yes there's massive information on trading regardless its crypto or other financial markets and there are some vital facts that you must now before going into it! 1. Yes, it's theoretically possible that you can make huge money in a very short period of time but there's very high chance you would end up loosing all your money so never think of making easy and quick money! 2. There is a big difference between Demo and Real trading although somehow everything looks almost the same. So if you are doing good in demo it does not mean you will succeed in real trading as well! 3. Never ever trade just by reading social media opinions! If you want to be a successful put work into it, study a lot. Understand the market itself, terminology, market participants, etc! 4. Once you have a comprehension what crypto/forex/stock market is now study trading strategies! They can be different and every trader has their own ways of trading. 5. Never trade when you are emotional (it does not matter happy, sad)! Be always calm and just have a rest from trading when you are not! 6. Never trade just because you have not traded today unless you are sure! There are days when is better not to make any deal and it's absolutely normal. 7. Always invest the money that you can afford to lose! 8. Always have risk management and money management! (Unfortunately half of the trader even don't know what these two are) 9. Start from learning by little instead of putting pressure on yourself and making the process stressful! I hope someone finds this useful! Wish you all "take profits"! UPDATE: And here you can read a related article based on real trading experience. These tips may be old but it could really help the forum's members especially beginners as their starting guide. Also, tip number 5, which says not to trade when you are emotional regardless if you're happy or not, they both could lead you into messing up your trade because emotions being at its pick will just cause you making decisions impulsively, emotions don't have a place in this field. And, tip number 7, baginners should take note that they shoyld only trade or invest what they can afford to lose because regrets is heavier. The two points that you highlighted are the building blocks for successful trading. Those beginners who understand the crucial nature of them never face big losses in trading. Often new traders are seen investing more than what they can lose simply because marketing of particular coin or because they are so excited to make money. In both cases, they end up losing money and learn the lesson in hard way. Emotion is the most common enemy specially for those who start-ups even on veteran ones but its totally different when you are a newbie since this is the hardest to control when you do see new things ahead and since you dont have experience you would most likely or destined to commit mistakes and we know that the best teacher is our mistakes and if you do learn from it then you would able to know on what you gonna do in next time. The control over negative emotions and thoughts come with the passage of time. The more time one spends in market, the more he is exposed to variety of situations and is also able to practice his strategies. This is true that most of the newbie traders are found losing money in day trading just because of panic selling or buying. Newbie traders are highly affected by market related news. |
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maybe bitcoin could reach $ 50,000 in December because at that time bitcoin had halved in May 2020. but in my opinion bitcoin would need a big boost to be able to reach $ 50,000. and positive news about mass adoption of bitcoin can encourage bitcoin. hopefully in the next year a lot of good news about bitcoin. last I heard starbukcs also accepts bitcoin as a means of payment. the increasing number of companies and countries that adopt bitcoin will be able to push bitcoin to the moon.
The influence of major business companies is strong on the minds of masses. If starbucks is accepting bitcoin that means there is no harm in accepting this digital currency as means of payments or as means of investment. In a decade or even less than that, bitcoin would be used by all businesses as the means of payments because of its increasing popularity. Even backward countries like Africa people know about bitcoin. This all will make bitcoin reach 50k dollars or more. |
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Choosing between cigar addiction and gambling addiction is like choosing between health problems and money problems. One can smoke a cigar and gamble within reason, but in terms of addiction, health problems would be far worse, especially if one gets something like lung or tongue cancer from cigar addiction.
When it comes to addiction both are harmful, and these days health hazards were getting much worse. Technology is getting more and more advanced, but remedy for health issues haven't been found. Gambling addiction ruins money as well as the health. Simply while gambling my blood pressure used to rise, this too is the effect of gambling. That’s normal specially when you are betting high amount,that’s the feeling of being afraid to lose and excited to win.i have same feeling when playing and I think all of us here are having the same Choosing between cigar addiction and gambling addiction is like choosing between health problems and money problems. One can smoke a cigar and gamble within reason, but in terms of addiction, health problems would be far worse, especially if one gets something like lung or tongue cancer from cigar addiction.
Exactly the thing mate,because life is more important than money.we can live simple without money but we cannot live wealth if our health is at risk Lung cancer will sure kill us soon,while gambling won’t kill us that early That is the problem with gambling. Gamblers do not realize the destructive nature of this game because it ruins them slowly. Whereas, body diseases do show their symptoms beforehand. Now gambling also involves money due to which it is easy for most of the players to become greedy and try making it as an income source. Many also try to recover their loses and eventually lose more. |
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If you look at any payment mechanism which is online and uses phones and internet, the scam rates are pretty high. Because it is easier to get into a device through Trojans or phishing sites and hack a system. Also, it is easier to manipulate people on internet into giving details as digital literacy is there but that efficiently. The situation is worse in crypto because it is more complex and requires understanding of wallets, exchanges and keys which is tough to understand. Moreover, there is no central authority to look after the crimes. This increases the problem.
Many complain about the high level of scams going on in the market but the same is happening with credit cards, hackers are taking advantage of the lack of culture when it comes to online security and they are making themselves rich in this way. But the problem is even more acute in this market because as we know there is not a central authority that will protect you in the case you lose your coins, we were supposed to take that role and it seems many people are failing at that task. The problem of scamming of cyber crimes is happening in every kind of market. It is not limited to crypto market only as you said; I believe anything connected to internet is prone to scamming or hacking. We cannot completely stop because even in centralized systems, people get scammed of their plastic money but we can take measures to avoid such mishaps. For crypto, we shall prefer offline wallets, avoid sharing keys with others and avoid talking about your assets on platforms. |
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In my opinion, bitcoin is still a currency but not a stable currency. it is not remotely functional as a proper currency, because of the volatility in it's value. this volatility means that if bitcoin is rising, no one in their right mind would pay for things using bitcoin, because if they wait their bitcoin will be worth more. Meanwhile when bitcoin is falling no one in their right mind would accept bitcoin as payment. so People are buying bitcoin as an investment rather than an alternative form of payment. However, Bitcoin is since from 2009, and which is the king of all crypto currency. It made the history in implementation of blockchain technology and itself as a digital currency. There is no doubt each government will reform their currency and should use digital currency.
Yes, you are right people are surely interested in making investment and people know if we will use Our bitcoin right now so it is like lose because the price is not really high so better keep investing money. In some countries, we can see people buying goods with bitcoin but in some places, people feel afraid for its volatility but the should be happy to use it as a currency than being afraid of it. They are afraid to lose it because they don't want to lose the value of their bitcoin. The price fluctuates every time so there is no sense to treat it as a currency because it is either you will be safe from losing value or you will lose the appreciation value of your bitcoin. The best thing is to keep it on a hardware wallet for long term keeping so you will be maximizing the potential of bitcoin. Well, that's the reality for now, that the value of Bitcoin is treated as an investment and not as a currency, but some people are using this as an alternative way to pay your bills and other commodities, for me, it is fine as how could you be able to sell it if there is chance that the value later can be 2% higher or more as it can happen many times, so people prefer to treat this as an investment rather than investing. The reality right now each country have population with 1% to 3% are investor in bitcoin and altcoin, still less people want to invest with bitcoin and altcoin with any reason, some people do not know whit bitcoin and altcoin investing and many people risk for investing on bitcoin because price of bitcoin can be down and lower. To make them use bitcoin by giving advice how increase price of bitcoin. So this means that people are at least familiar of crypto currencies but they lack complete knowledge about this industry. What we need to do is educate them through social media campaigns about different types of trading, exchanges and methods of making money. We need to tell them that holding bitcoin is not the only possible way of making money in crypto market. I believe this will increase buyers. |
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all three countries experienced a severe economic crisis that made their national currencies experience a falling and worthless hyperinflation. so they looked for other alternatives for payment tools. and they found bitcoin as a solution. although the value of bitcoin is also volatile but I think it's still better than their fiat money which continues to decline. I read an article that bitcoin residents of Venezuela use bitcoin to survive.
and I think this is indeed the purpose of satoshi to make bitcoin usable when there is a monetary crisis.
This is the side of bitcoin which people usually ignore especially by those who fear bitcoin because of its volatile nature. The world needs to understand that volatility is a phenomenon not only limited to crypto currencies but also exhibited by fiats. Even if your state is not suffering from economic crisis still bitcoin and other successful crypto projects could be used to make economy stronger. |
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I have worked for a few years in a casino and I couldn't help but imagine that people should be able to gamble with bitcoin.
Is it already happening? - I don't mean on the internet
And do you think this will be future of casinos?
Considering the capital hold with casinos, I dont think that the casinos would move from public ledgers to crypto keeping in mind their proneness to hacking. Crypto being decentralized and anonymous make them not suitable for traditional casinos environment. So basically, you are saying that traditional casinos are safer than those using crypto. If I am not wrong, gamblers do get robbed in the traditional casinos to. It is not like these give security guards to all of their customers. Crypto currencies will secure them because they are popular for their security. It is not that easy to hack them as it is to rob a person when he is physically present. |
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Some users donate big after big wins. I remember samiest in duckdice donating a lot to a school in the Philippines.
Donating money for the betterment of society is virtue. Gambling money is not dirty money as many people think. Moreover, helping others is not related t income source but the desire of heart to be of some use to others, to make lives of needy easy. People who do such acts deserve respect and we all must try to be like them. After all this is humanity. Gamblers who donate are better than gamblers who play on and eventually lose. |
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I think Apollo and Electroneum has a good future and they are working on merchants to use their tokens, so the team are active and it will take time to see real value of those two tokens. My advice is that hold it until the bull run comes, he may get a good profit in the long run.
There's no guarantee for both of them to increase when bull run comes, but it is still possible. We expect the unexpected things to happen in cryptocurrency. If the team is still active, then it is a good sign. Hi cryptonias I have a friend who is very worried about his portfolio because since 2017 he haven't been able to make huge profit out of crypto cos he has no money to invest and i told him to joined airdrop and bounties ,his worries now is all his coins and tokens are not popular ones this is his list
1)Apollo currency
2)electroneum
3)senno
4)slate currency
5)avinoc
6)snapparrazi
Etc all this are make from airdrops and bounties and the highest ones are around 50$ presently the rest are 30$ down ,what kinda advice should I pass onto him?
in my opinion, the coins are shitcoin, and there is no point in holding those coins. you better sell it and replace it with the top 20 coins. if you have a little capital, choose coins with low prices, such as xrp, eos and xlm. in my opinion the three coins will develop in the future. I am also a bit disappointed in the list. No good coins are mentioned. Being honest, some of the names are also new to me. There is no point in holding them because certainly they are not the top ones. Instead of wasting time on these weaklings, it would be better to convert them all into bitcoin, which is the best. If some diversification is desired then I will suggest choosing ethereum also. I do agree, it's better to switch these coins to a popular coin such ethereum for better opportunity of earning a profit than holding unpopular coins/shitcoins. Popular or you can say more beneficial ones. Ethereum is famous because of its performance in the last few years. Back in 2017, all the good coins made huge progress and grabbed attention of many investors. People staring to believe them more than before. I would also recommend converting the less potential coins into ethereum. The best would be to go for bitcoin because this is the one true king. |
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I don’t think that now something can be earned from scratch on bounty and airdrops. Perhaps the fastest and most convenient way will be your own development, finding good work, and only after that I would invest part of the free funds in cryptocurrency. Otherwise, you can spend a lot of time and end up earning nothing, the market for bounty and free coin earning is now very shaky.
I think that in bounty campaigns people can earn their first crypto capital, but it’s best to earn it without leaving your main job because the results of the bounty can be very unpredictable So unexpectedly everyone starts complaining now, you can see everyone complaining that the project they are participating in doesn't produce anything for them. Things start to get worse this year and maybe it will continue to be worse in the following year. People complain that might just join the bounty campaign but if done with research I am sure will find a profitable, not all fraud projects as long as we work hard to find it we will definitely get the best, people complain only because they are lazy to read. You have read and research in detail but still get bad results and are fooled by everything you research before. Can you still be excited? If even after all the research and learning, one still cannot save himself from scams or fail projects, then he needs to learn patience first and try to accept the facts. Because investing after knowing that it wont be of any use indicates the intellectual level of a person and his nature. Still, if it turns out to be his first blunder, then learning a lesson is more than enough to compensate the loss. Forget and move on. |
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As for me, I prefer long-term investments in safe cryptocurrency assets (like Bitcoin or Ethereum) to earn money. It is not the fastest option, but it is safer than daily trading.
I also do it to make long-term investments that are not in a hurry to make decisions at current prices. This is the time for large investors to see coin prices rise again next year. Long term investment are always better in terms of safety and benefits. The longer you will hold your asset, the more you will get from selling it. In my opinion, the most important thing is to invest in the right asset, as bitcoin. That way, even if someone cannot wait for long period of time, he still will make a lot of money from bitcoin. Also, not every digital asset or stock is profit promising. |
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Countries that have regulated bitcoin too has added it to the taxable assets like gold. This means it hasn't given the importance as a currency same as that we use physically. Considering the value it has been getting used as a currency, this is just the beginning. In less than ten years of time getting such a level of acceptance in the global market will make it used as currency in the falling years.
Nothing happens within days especially any kind of revolution is first resisted and then gradually accepted by people. Bitcoin is also a digital revolution in the world of currencies. It is great achievement for crypto market to have bitcoin legalized in states. If it is treated even as gold in the beginning, with the passage of time people will start using it for buying and purchasing ultimately giving it currency value. |
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It wouldn't be my first choice of a dream job, no. From what little trading I've done in my life both in the crypto and stock markets, I find it way too stressful and I've never made money. Being a day trader for a living would be like playing roulette for a living. Too random and maddening.
But there are some people who can do it for whatever reason, who have the intestinal fortitude and talent to make money. They are a rare breed, tho.
You are suffered because of less control over emotions as you said it is always stressful for you. You most probably get easily influenced by the decrease in values of your coins and fall for panic selling. If panic selling is your thing, definitely you cannot do day trading. The better option for you is to go with bitcoin for long term trading. As far as making living with day trading is concerned, there are traders who are doing so. |
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Trump always want to banned bitcoin as investment assets in their country and never give permission to bitcoin become legal as transaction and investment assets in United State, he want to make bitcoin gone in United State of America and many country do not use bitcoin for investing assets, he want to make investor never know with bitcoin currency and like for investing with USD money for every transaction and investment assets.
Yup, US president and other leader of country want to banned or eliminate bitcoin or crypto. they know that they didn't control it as long as people continue to use it. government don't have a huge benefit in crypto. that's why they want bitcoin to drop down. bitcoin is so very popular that even government had the pressure to remove it. so basically they don't want people uncontrol because of bitcoin era. This is common issue with maximum of the government’s especially with that of developed states. They are totally hesitating to make bitcoin along with other famous crypto currencies legal in their states. I guess government shall not fear bitcoin rather launch exchanges that keep record of all transactions and in this way government can take tax as well. This is absurd to think of fighting bitcoin, rather join it. There could always be a middle way where both extremes can meet such as in the case of governments portraying centralization and bitcoin representing decentralization. Government if work smartly can use bitcoin and it potential for increasing economic stability and providing jobs to unemployed people. State can launch programs involving bitcoin helping unemployed people in becoming useful for the state. |
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If you are not sure about buying on international exchanges that have been popular and trusted by cryptocurrencies user, you can Buy at a local exchange in your country that has been verified by the government. The security problem depends on the method to avoid cyber crime, as long as you are careful your will be safe.
I think international exchanges are mainly for exchanges that have high popularity, so I'm sure their security is good. but to buy, depends on you. the most important thing is always be careful when accessing and don't make mistakes before your investment is placed in a safe place I t is right that international exchanges are of high popularity and most of them are safe but to recognize safe exchanges it takes time and knowledge is also required, most of the people are unable to find the safest one and they become the victim of scam exchanges, so selecting the safest should be the first priority and also keeping an eye on the investment is very good. |
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It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?
Definitely that's because of greed and also trying to cut back their losses. I have also lost many a times whole of my bankroll just trying to earn few cents over a dollar and lost all the bankroll chasing that bad decision. What I try to do is I decide the amount that I am gonna risk right before starting the session and if I lose then I just go out or do something else,but never chase that loss. Yes. We often make losses most of the time because of our own greed. We should not tolerate being greedy because if we do, we will keep on losing all the time. What i always do is to set an amount that i can afford to lose so that when i gamble and lose my money, it won't affect me that much. I try not to chase all my losses because it won't still do good. Instead, i just go home and gamble again on the other day. Being greedy means that you could not control your emotions and always try to get more and more money which will make you to chase your losses all the time which is totally loss, and I do not think that controlling your greed will make you loss but instead it will keep you away from further damages to your economy, so just think once before taking any decision about gambling. |
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I know about superstitions but I'd never think that it helps us when we are in gambling. It actually there is no wrong of having such beliefs but I don't feel that we can have such assurance of bringing us luck. It somehow it could be helpful in other ways but not in gambling.
Anyway, I give respect to those who use this one. If this gives them luck then, it will be good for them but for me, it surely won't work cause I don't even give trust with.
It doesn't really work because nothing on this world can able to influence your luck chance as a gambler.If there were people who do able to do such thing then they are definitely rich as of this moment.People do really tied up into things which isn't supposed to be tied up.They do easily believe when someone do told them or just simply a part of their culture.Well as you said we should really respect it but they should really minimize on believing into these things. I think that this can be a very big problem, because it will be very difficult for a gambler to reduce the influence of superstition on his psyche. After all, the fact is that a person who is afraid to lose something will always look for some signs that indicate a particular result. This is true up to greater extent that people who are always afraid of losing in gambling or any other field just wanted to seek excuses and relate their loses to some other things and thus they consider that things unlucky which finally becomes their superstition, and when they become successful then they also relate this success with a particular things and consider it lucky. Well gambling is already a game of luck and chance so it very probable that gambler become superstitious. |
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Good projects do have reasonable rewards as well, every developers must find a way to attract investors so its always part of the plan but if the reward is too good then there is a problem, there is a big chance that the project is a scam
Yes you are right the legit projects always offer such rewards which they can afford and they have a good budget for their projects while the scam projects will always offers such a big rewards they even do not have that amount of budget, so instead of taking decision in hustle we should investigate about the projects and instead of attracting towards them we should check their budget. |
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Of course, you can get wealthy with bitcoin but the real question is are you ready? The bitcoin is not a get rich quick scheme, in order to get wealthy with bitcoin you need to HODL your bitcoin for a minimum of 5-10 years  You can still become rich with bitcoin by not just holding. You can use your bitcoin to invest into other cryptocurrencies called altcoin and you can also try to do trading. Trading is a good source of income that can grow your bitcoin up to 100% in just a few months of trading. There is a lot of ways to become wealthy in bitcoin, just explore the cryptocurrency space. Well it is not that much easy to grow your bitcoin 100% while doing trading because it is not obvious that trading always bring a good profit sometimes traders lost a lot in trading by taking wrong decisions in wrong time, in my point of view the easiest way to earn bitcoin for all the people is to hold it for long term because there is very low risk of losing, although if someone refer trading then before that be an expert. |
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