There are many disadvantages than advantages in day trading and it is not for everybody, if you are a experienced trader then you can do it and make profits too, inexperienced traders shouldn't think about it, as you can't be successful in it.
Day trading actually goes much quick and also needs a lot more reserch than long term trading. We can rely on the coin for long term trading as the cryptocurrency markets will surely grow in the upcoming future which will bring some good value to the coin we are holding. Similarly, short term trading needs advanced knowledge about the coin we are investing into. Day trading can make good profits but the chances of loss is comparatively greater if you don't set a stop loss. I personally, prefer mid-range trading along with setting a stop-loss. It gives me good profits. |
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10 Years challenge is actually trending a lot on social media and good to see 10 years challenge for bitcoins too.  Bitcoins have shown a immense growth since 2009 since the day they were launched untill now. Graph has been a bit tricky and has a all time high peak in mid 2017. Next upcoming 10 years should bring some more huge peaks in the graph of bitcoin price and hope that the price crosses atleast $20k. |
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Bitcoin and other crypto currencies are becoming more accepted these days.
Why then, is it so bloody hard for the average person to learn where to buy it? Is it because it's considered "dirty money?"
Your opinion?
Firstly you are not going to get bitcoins and other cryptocurrencies on the streets for sale, we need to learn how we can buy them. Also it is not that difficult to buy bitcoins instead if you manage good relation with the dealers than you can actually buy bitcoins anytime. Also coinbase, localbitcoins, etc makes it more easier to purchase bitcoins anytime with safe deals with escrow. We just need some technical knowledge about internet and funds in our bank account and we can easily buy bitcoins. |
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I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
I like your concept and i am sure that a lot of peoples might be using this method to have lower loss compared to higher profits. Investing 10% to 20% of your gross income will not make you worried that and also for long run the markets will surely jump some or the other day. I have faith in cryptocurrencies and personally have about 30% of my gross income invested into cryptocurrencies. |
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If you are new than you should start with paper trading for short term first. Than as you come some more closer to trading, you can start with long term paper trading and than jump onto investing your funds in short term trades.
Also look for some lomg term profits as they are comparatively larger than short term profits.
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Edinarcoin seems a good source of income. Video was quite impressive, i would personally search for more detailed information about them. Cloud mining seems risky but can make profits with edinarcoin i guess. |
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I have done some bounties and now my wallet has few tokens balance. So I need to know about trading. I searched and learned some points of trading. But I think my knowledge of trading is not enough for trading with this unstable market. So can anyone give me advises about trading. Or can anyone post some links of articles to read about trading charts. Thank you....
Basically have you got any basic trading knowledge? Trading is not that hard but a lot hectic work. Trading depends on which coin we trust and get into. Also the graph, volume, market cap matters. If you are newly starting into trading than i would first suggest you to go through paper trading and than only proceed if you see any profits or if you feel you are capable to trade. |
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I've always been watching bitcoin since mid-2013 up to now, and the market/bubble is painfully toxic. I'm not a big investor or economist, and I probably still only have superficial knowledge on how the entire blockchain systems work.
I just patiently watch the graph, and keep telling myself not to invest because everyone tells me it's a giant bubble that will someday pop. Recently, I started to run a few side businesses dealing in Bitcoin as payment methods, but I've never stored it long term and always converted it to cash.
I remember back in 2014 when I first thought of investing in Bitcoin as a long-term investment, and obviously was pressured out of it because everyone kept thinking it was a bubble that was about to burst. I'm starting to think about it again now that Bitcoin is starting to crash - and generally speaking in the past it's done quite well after crashes, recovering and increasing every once in a while.
What do you guys think? Is it worth it to give it a try? This would be my second crypto investment, and I'd be throwing in $5-10,000 at most. Any ideas?
2009 to 2016 period was not that remarkable for bitcoins and nor any of the cryptocurrencies but later on 2016, bitcoins started showing some growth. Also I've heard a lot peoples saying that bitcoins are bubble and may burst anytime but i Don't actually think it is the situation. The price for bitcoins can be manipulated by us and it is us who decide the upcoming price by controlling the demand and supply in the market. As you say, this would be your second investment in cryptocurrencies, have you previously made any profits with your first investment? We can't rely on the answers from the community just to invest our funds into but it depends on us how we need to invest into. |
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I don't think this year will be a crucial year for bitcoin because as of now it is still difficult to know what will be the value of bitcoib for next week or for the coming months. Also we are already at the middle of January but there is no changes yet. Much better to wacth out if ever this year is not the same with 2018.
If you ask about crucial or not, what's something big that will come this month? if there are no special things. of course there is no crucial thing in the next week. prices can go up anytime. its can next month or the month after that again. maybe next year will be more crucial because there will be halving that time. Usually the start of a new year goes crucial for cryptocurrencies due to budget fixation. Even last year, we saw a massive growth by the last half of 2k17 and the same was again dumped a bit by the start of 2k18 so it is not thay we can always trust and relia on the better prices. We have to see such crucial prices and this prices will indeed make everything great ahead. Maybe untill the end of march 2k18 the prices would be stuck down but may pump as soon as the taxes are filled and peoples will start again moving their money back into cryptocurrencies. |
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The main problem of Bitcoin because the price volatility, maybi Fiat money as the solution to do the digitization. so that people can easily make investments and purchase goods in their daily lives.
I don't actually understand howcan fiat money bring digitalization? Peoples should turn on to digital ways of payment which does include bitcoins and all other cryptocurrencies. Not all the peoples over the globe are aware about cryptocurrencies so we can't expect that too happen soon but atleast the current youth should start onto it. |
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#Proof of authentication
Joined campaigns: signature
Bitcointalk username: GreatOrchid
Telegram username: @GreatOrchid
Files.fm username: mercedes900asd2d
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The market is not becoming stable we are in the middle zone after the bear market and before the next bull market in which not much is going to happen for months or even years, this may give the feeling that everything is fine and that bitcoin will become more stable but that is a mistake, the market will eventually wake up and when it does many will regret selling their coins.
The bear markets are about to end and we might soon enter the bull markets. Prices may hike up anytime maybe in days or months. We cannot actually predict the stability of the market but we could see a rising price ahead. Cryptocurrency markets are hardly stable so we can't expect them to be stable. I firmly agree with you that most of the early sellers will regret selling their coins for cheap and not holding them to see a better future. It is always good to hold our coins rather than selling them cheap. Markets will eventually rise up again and even i am waiting for the markets to turn back green. |
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I am very disappointed to see the price of bitcoin destroyed in recent days, I have lost a lot when I bought bitcoin at a high price, until when this bitcoin price dropped.
At what price did you bought your coins? There are immense reasons behind the price drop of bitcoins but none of them is reliable. Bear markets will end soon bringing bull run. HODL and you will see some good profit for the number of coins you will own. Instead of selling at a comparatively lower price, why don't you just afford holding them? If it becomes partly riskier for you, than try to set a stop loss which can be affordable and buyback some coins once the price drops below your stop loss. Also i guess, bitcoins might soon see a amazing price as the markets are slowly turning green which is a good sign of growth. |
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Nobody predicts right I guess, everything can get out of the zone. we can only hope that cryptocurrency will be better as it was in 2017. No need to thinking too far, the price of Bitcoin can be stable at 10k USD is incredible
I agree that no one can actually predict the market price. I've seen a lot peoples predicting the market price but it doesn't help always. It's always better to wait and see what the markets show us ahead. Last half year of 2k17 was really great for bitcoins and that is what is expected. For now, we all can just hope that the bear markets end soon and bitcoins start pumping back again. Thought altcoins are going a bit up no huge movement is seen in the price of bitcoins. |
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Is it something to be worried about?
I don't think that applying taxation to bitcoin holders might really help grow the economy of the country. Most of the citizens from India can easily bypass filling taxes and also it wont actually matter them a lot.
If we take it positively, it might be a good start as applying taxation to bitcoin holders indicate that today or tomorrow the government can start accepting bitcoins as a mean of payment. Lets be positive and think everything goes well.
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The crypto market is currently very unstable. I am easily affected, in panic selling conditions like now I sometimes sell bitcoin at a price lower than the purchase price. The result is a fatal loss.
So far, I have only relied on news information obtained from forums and social media and a little understanding of the foundation of price charts and market movements to make investment decisions in Bitcoin.
Then what is the way so that I can make a big profit ...?
How to effectively avoid unnecessary losses ...?
Truly speaking, peoples with tendency like yours make a very less profits. If you buy bitcoins at a price greater than the price you sell than no doubt that you will only face loss.Try to stand firm in such markets and try to Hold your coins no matter what the market situations are. I am owning some bitcoins when the price was nearabout $15k which compared to now is $3500+ but yet i am holding them. |
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bitcoin's bullishness is not going to look like this ever! it will be a big shoot up to above $6k from this $4kish price and that triggers the come back of money and investors to the market as the manipulation is lifted and the price is allowed to rise as whales either run out of bitcoin to dump or fiat to dump for bitcoin off the market.
Yes, also i really doubt that we are going to see those numbers on a short term vision. Probably, it will take more than a few months for bitcoin to reach $5,000 - $6,000 again, and if it happens, the market will turn on to bull market. |
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