Laptop/Desktop is the best choice for day trader, it gives the best experience because of bigger screen. With bigger screen you can get better trading experience because you can find and use all the available menu/features easily. It also give you less possibility of wrong click or typo which usually happen when someone use mobile phone/tablet with smaller screen size.
I think maybe for a newbie trader that is still trying to find there way around trading tools, for this, the desktop can be better. But what I'm talking about is day trading shouldn't be what will consume someone time because they want to stay glued there on the screen and watch, the mobile phone can do everything the desktop does, except a new trader that finds it difficult to find their way. Mobile trading helps a trader to diversify into other businesses at least.
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If you're day trading full time and you have all the time in the world for it...and you can only choose one of those devices, which would you choose...and most importantly, why that one instead of the others?
Day trading isn't about having all the time in the world to keep looking at the trading windows and that is why mobile phone is the best this time around. You don't need to seat at home in front of monitor or desktops because you are trading, even laptops are fading away and mobile phones have rightly taken over , you can do everything with mobile phones while trading. You just need a more tech phone and you enjoy your trade from anywhere. Not me, but I know a few "experienced" day traders — just desktops and laptops with multiple monitors. Though they use their phones to check out the charts when they're out and about(when we're out to dinner or a night of drinking), 99.9% of the trades occur on their Windows/Mac devices.
The type of trading that you spend more time on desktops, laptops or monitors can make trading very boring. That was the beginning of trading when very fast smart phones were still not out, expensive and far from the reach of newbie traders and traders who were still struggling. But you can see in your post too that with mobile phone, you can check chart, analyse trade , interchange trading pairs and do everything done with desktops including making orders.
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I do hope that this run won't end prematurely because I observe that when bitcoin goes up in such a fast pace, it's always followed by really long bear or red candles that could last for months.
For now we may continue seeing the high flashes of green than it goes down because there isn't any FOMO around bitcoin now, the recent news have been on adoption and that may continue that way for a longer time until it changes. A little drop today showed up but that is nothing to compare to the gain of 72 hours and last week. Is a new wave of bull and altcoins following up.
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Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange.
I do agree quite well that bitcoin will top in the range for instrument to saving in the future but that a country will totally abandon her local currency for bitcoin is still a big debate. To start with, I don't think El Salvador has stopped using her local currency and dollar so that also shows us how it will be difficult a thing to achieve, tradition is difficult to change and fiat is such.
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I just have a little question to put to OP here on the prediction tool or app stuff... What will be the gurantee for the success of such prediction? Or what will be the percentage level for guarantee on it... Do you just want to make an app and it will be the same story of prediction? Prediction is still what it is, Prediction. I thought you would talk about an app that guarantee success or at least a reasonable percentage of success like 70%
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Drop to $44k/high-$43k right now. Nice healthy drop. Could definitely see it going to low 40 to check that support that was previously resistance the past three months. Would like to see Bitcoin just bounce around the 40s for the next few weeks before heading over $50k later on in September. Build up that big gradual base instead of spiking up.
I think it will rather be a different thing totally that price can drop to $40,000 but truly and gradually be moving to $50,000. It is now at $46,0128 and can drag upwards as there are no obvious negative news and investors will keep coming in to grab the next round of bull profit , this will push price more upward to an extent it will spike above $50,000 and form a strong support below it.
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2. The investment institution of the project is extremely important. A good project seed will attract the participation of well-known institutions in the circle.
This use to be a good point or still a good point. A good project really should attract partnership far and near. For example binance indicating interest in a project is likely the project has a good value. Although I have relied on this kind of point to invest in a project in the past but it later happened that the project wasn't successful and the partnership hype on the media wasn't totally sealed yet but the team used the advantage of discussion of the partnership to sell coins and ran away from discussion and causing investors huge loss. We still have to be careful with partnership until agreement is confirmed from the other party.
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I think cryptocurrency adoption has skyrocketed from the start of 2021 very significantly from the previous year. This was influenced by the bullishness of Bitcoin which broke its all-time high price (ATH).
I also do consider this year as the year that bitcoin gained a popular ground for adoption. Many regulatory processes have given more popular gig to bitcoin through exchanges and trading. The list of adopting institutions has built up including El savando. When you mention billion, I suspect you referring to Elon musk. He is really instrumental by buying lots of bitcoin early this year and that contributed to price skyrocketing. Elon musk has actually benefited from the adoption by manipulating somewhat the rise and fall of price as a whale.
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In general, yes, but it all depends on your style and which candlesticks you are trading. In fact, a trading bot can do your job very well, freeing up a huge amount of time and effort for you. But in general, trading is a 24v7 job, a real job.
Trading bot even is not a guarantee to a successful trade. If it were to be so, every trader would have made it on every trade made. Bots are not easy to chop out profit as easy that way. That's why you need to have a very big amount of free time or you consider it as your day job because you're going to spend a lot of time waiting for the right moments in the market. Although, it becomes different eventually because when you become more experienced and efficient with trading, you are going to need less time spent when you are trading.
Yes it can be taken as a day job because if given enough time to develop on it, it is very lucrative than many salary jobs and you still have your time to fix other things. As usual anything you invest your time on is likely you do a good understanding of it.
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I think there are other kinds of economy. I have made a kind of thread as this, I think from what you have written about mixed economy, capitalism and socialism, none of this system is really free of intervention of government. They are both can be referred to as mixed as some point the government can control through policies Also in socialism, the government can allow some kind of ownership to big business enterprenuers where tax return are taken. Now even united state of America as an example of a capitalist economy has the government regulating and also taking part in the decision making of the economy.does that makes it a mixed economic also?
That is my point. The capitalist system of economy also do some guide from government to regulate the activities of the business environment. So in little ways you can see mixed practice in both and this time in modern times, no socialist or Communist economic system still stays that way without infiltration of some other kind of system for survival purposes.
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For everyone who has spent something in the market, you'll realize this situation I'm about to describe below to be 100% accurate. The market always has some tricks to throw at you, that's why we're advice to understand the market very well before wanting to earn from it or you'll lose. Have you notice whenever you're in profit, there isn't always a need of money that very moment which then make you think of exciding your initial target, in other words you become greedy and want to make more profit.
You have probably been doing a wrong trading pattern. To my opinion almost everything that you said looking like baby trading and unserious. Greed is the reason you will see your profit based on your analysis and because you don't need money, you leave it, is wrong. Experience will give you a good direction to trading and the best kind of it is do your analysis, put your stop loss and take your profit, otherwise market will beat you to it. Don't trade sheepishly, is a serious business and not joke.
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Apart from the above information, I think binance also gives you such information. It calculate out your profit or losses that you would have had based on your balance. It is still clear to follow for you to monitor what percentage drop or gain on your hodlings with them. Is a good one, you just register and have an account with balance with the exchange, you see your calculated balance.
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EL Salvador is a country which has got population of about 7 million. It looks like an easy thing to implement the usage of cryptocurrency and legalize the same.
The population is possible to be a factor to consider for the reason of adoption of bitcoin this early when countries of highly developed technology are yet. Because of this small population, there is possibility of easy communication and interpersonal personal understanding within the people there. I also suspect that because of the small population, corruption and embezzlement may not be a popular thing there which may be another reason that the president and the people in power choose to try that out. Like fiat suffers the set back of corrupt officials who embezzle the public fund for personal use and with bitcoin, they are not sure of corrupt practices and embezzlement because every transaction can be tracked on blockchain.
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unless I can keep getting wins in every tournament continuously, then it's definitely a matter of skill. But if it's won only occasionally and not continuously, then I consider it just luck though indeed, I also believe in skill but it won't be perfect without luck.
There are no steady wins in games and both poker and sports are games except for the ways they are played. Skill might be considered in sports but winnings are not always guaranteed especially two equal teams playing but poker is gambling and gambling is based on luck. So I agree to luck for gambling and skill for sports.
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Even the government has issued digital money with CBGC The advantage is in crypto, but as time goes by, I believe society will surely accept the existence of crypto.
It is about time factor that we see cryptocreency adoption in developed countries and that will be the real advantage to cryptocreency. CBDC is the effect of government fighting cryptocreency. Cryptocreency opened government into such invention that is existing and those government fighting cryptocreency are those ones who are in a haste to develop their own digital currency like China, they want to protect the yuan. Countries like China have been in the front to kick against bitcoin, mining and cryptocreency and we can't be surprised if they introduce CBDC.
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The government has to step on it and encourage the younger ones to look at this career. AFAIK, in other countries like Israel, they've invested a lot on this and they're known to be one of the best countries in the cyber security space.
This is a good suggestion to leave this kind of challenges. Shortage of cyber security workers and experts because cyber crime is on the rise. There are many things that any government (not only the US country) can do to solve the problem just the way you have suggested. Encouraging young people in such career is one way to it and encouragement is not only by speaking it or announcing it public but to also create incentives to make it more attractive and lucrative. They can make the career easier to access, the study and scholarship too to be stressless and creating pension benefit for those that will work to retirement. They are many other incentives to be created to encourage people into it.
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When the market falls, you believe you are losing money and sell everything. When you watch the stock market rise, you invest.You will continue to be harmed in this manner. As a result, anytime you need to invest, put a tiny percentage of your portfolio into it. As a result, even if the market falls, you will still have your portfolio. Never trade based on your emotions. Calculate carefully before investing.
I see this you writing as money management because when you invest gradually based on the amount of your balance and what it can go for then a little shake in market volatility wouldn't affect the trader to be scared and exit. You are right but the big challenge in trading is still the emotional factor that you wrote. The emotions is hardly taken out of trading, even after you think you have control of it but you see you still have that around and it makes for greed no matter how little it is.
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It is looking as though this is another rally that can push till December. The resistance of $50,000 is likely will hit anytime between this month. It has a volatility that is gradually building just like the first rally last year that has resemblance of 2017. The price has been jumping from $29,000 since the last month and may easily break the $50,000.
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The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.
I think covid-19 changed certain things,yes. But IMO too what I think is that this is the highest it can do which is getting countries and banks to start developing their own digital currency and that is the new wave now. This is good for the financial services as alternative been provided but fiat won't disappear as we think. It is traditional for all countries to run on fiat because of certain ways of minor transactions. So fiat can handle more traditional services while CBDC can best be appreciated in the digital marketing and exchanges.
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I'm sure I heard someone talk about bollinger bands or something for doing this. If the price is outside of the band, the asset is volatile.
Bollinger band don't look perfect for this because it is not an indicator to rely on for proper direction. Some times working with it you can be correct and other time it will fall. Also you can hardly predict when the volatility of the market has ended but you keep being in the market, this is risky to use but if it can be combined with others, then you can manage on it , Bollinger is a lagging type of indicator.
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