There is no perfect trading setup that exist, it is a reality that all of the traders who experience loss. I know a lot of setups but still I keep losing in trading, but the loss that I experience is only small because of my good risk and management.
It can't be avoided that there's time you'll suffered from losses even you think that you already have a good knowledge about this market but shit happened especially once whales showed up and manipulates the market. You are right, if you do have a good risk management the chance of losing a lot can be avoided. You can minimize by cutting cutting your loses. Taking the risk and take your position out if you see that there's other opportunities to work with other projects. Taking losses is inevitable, the question is if whatever losses that you are taking are justified within whatever strategy that you are using to trade the markets, let me explain myself, if you have a system that wins 80% of the time and you follow that system and you have several losses in a row but you never deviated from what your system told you should do then all of those losses are justified and you are just being unlucky, but if you began to follow your instincts and left behind a system that was that effective then those losses are unjustified. |
|
|
|
Like the games that we play on Facebook will start accepting payments in Libra and all the other money dealings will be actually carried out with the help of Facebook’s very own digital currency. The bill will be passed. The coin is highly centralized and utilizing it does not make sense at all. Anyone who loves his freedom and privacy, will invest in bitcoin or ethereum. But this kind is again a rare one.
Even if they accept Libra, they will be accepting the other payment modes as well (such as PayPal, Visa, Master.etc). So my question is how they will make the users prefer Libra over the other options? Libra is a new payment method and at least initially the vast majority of the users may not be comfortable in using it. So unless they give some good promotional offers, no one is going to use Libra. While at this point it should be obvious that the Libra project is never going to be released you are really underestimating the power that Facebook has, I'm pretty sure that the billions of people that are using Facebook every single day will have no problem using the Libra coin and adopting it just because Facebook is behind it, that is precisely the reason why governments refused to support the Libra project because they thought it was a legitimate threat to their power. |
|
|
|
I wish there's a trading technique that actually exist where you invest your money with low risk potential but sadly mate a kind of investment like that doesn't exist. Even real estate investment has its risk cause you have to take care of all the maintenance, miscellaneous fees and those clients who ghost you. In my experience if you want to invest in the crypto platform you must be prepared to take risks. Personally ive failed countless times in trading but im still learning from it so i might give it another try.
Trying to trade without losses is completely different than to trade in a way that takes very low risks, the former is impossible while the later is being done by traders all around the world every single day, what you need to do is to study money management techniques because that is the best way to control your risk, however you must remember one thing the smaller the risk that you take the smaller your profits will be and since so many traders prefer short term profits it is almost impossible for them to employ a strategy like that. |
|
|
|
The many projects mean more opportunities for the altcoin investors and holding the altcoin is not easy in the bear market. I don't think the new projects will be able to replace the old projects in the future and the possibilities show the other alternatives to the crypto investors.
it is indeed difficult for new projects to dominate in the market, especially for new projects that have the same concept as existing projects. maybe a new project will come alive if it has a great appeal from the community, in the concept they have to excel or not they will only add to the list of useless coins New coins in this period often do not receive the attention of investors and that makes some projects crisis and if not specific strategies, that coin is only shitcoin. This market is very competitive and this year more than 90% of altcoins are wiped out of this market so think carefully before making an investment decision because no one can guarantee your profits. If a coin is any good you can be sure that investors are going to put attention to it but when so many coins are scams or do not improve anything that bitcoin does it is completely fair for investors to ask themselves why they should invest in those coins? And they very quickly come to the conclusion that it is not worth to take the risk to invest in those coins when they have so little chances of surviving especially when it has become common knowledge that most icos for some reason or another have a high chance of failing. |
|
|
|
I'm actually a little worried if the price of bitcoin rises too expensive. This will make people in the outside of the crypto community going to be difficult or have objections to get in there. active in this forum are people who collect bitcoin / crypto. Try asking ourselves whether later we will still be able to collect bitcoin like now if the price is too expensive? I even prefer the price of bitcoin to be at 15k-20k usd. and I'm sure the price of bitcoin will not exceed 50k usd later ...
That is just the way all the markets grow, if at some point buyers do not feel comfortable buying bitcoin at a price then the price goes down until it can find a balance between the buyers and the sellers and if you do not believe me we can find a good example on what it is happening in the market now, many are trying to find a fancy explanation for the price to go down but the most simple explanation is the lack of buyers at the prices we were seeing and this in return caused the decrease. actually people will always find a way to blame something. i mean when the market down , people start to over reacting and think negative all day long and wen the price go up everyone cheering thinking that the price could move even higher very soon and the last one when the buyers & sellers find a balance which means the market stuck at the same level most of the times like a months or weeks , people become impatience looking for some movements. well that is greedy people , we want $100k or $1million , stick to it and relax hehe. It seems that is just the way that people are, instead of accepting the way the market moves they are always unhappy about it, months ago the price of bitcoin almost reached 14000 and people instead of being happy that bitcoin has grown so much in such a short time they were sad when the price began to go down, and I was really disappointed by that attitude that most people had because it seems that they always expect that the market will go up and we know that is impossible. |
|
|
|
my prediction went off. A few weeks ago I predicted bitcoin would not drop below $ 7,500. It turns out that the price had touched below $ 7,000. Does anyone have information as to why prices could fall too deep? Usually there is negative news circulating. I am not looking for any information this time because I am busy with other activities
You want the news or TA? If we look at the news there were all kinds of FUD from China starting with somebody tweeting an old video of Chinese president bashing cryptocurrencies. The tweet made it look like it's recent news and it got spread by various crypto news outlets. Next they spread the news that Binance was raided by Chinese government which was another lie. Binance and Bithumb denied it and there was no proof that it really happened. People are so easy to manipulate. And the next question should be why are people so easy to manipulate? In this market by far the most famous strategy is to hold your coins no matter what, and if investors followed that simple advice we will not see the volatility that we have in this market and this market will be a lot more resistant to those attempts of FUD, but we see the opposite, as soon as a negative news emerges the price crashes, we still have too many weak hands holding their bitcoin and the whales are taking advantage of this. |
|
|
|
Of course! People realize the big potential on investing in cryptocurrency because they see that earning a big profit is much easier and there are a lot of crypto that can be invest and they will just need a patience if they will do a long term or short term.
That's why i think in future the cryptocurrency will surely trend and more people will get into this technology.
If we want the average person to adopt cryptocurrencies we need to offer something more than just a very good speculative asset, that is only going to attract traders or investors to this market and while that will bring a lot of money that is not really going to bring a lot of adoption and one of the goals at least for me is to be able to use my bitcoin in almost any store that I want, something that is not close to happen in my country in which I have yet to find a single store in which I can use my bitcoin. |
|
|
|
The thread title seems to go against the content of the thread because keeping Bitcoin will make it underutilized. I agree with the start accepting Bitcoin, because that will help it circulate, change from one hand to another hand but keeping it will just make it idle in our wallets making it underutilized. I disagree, currencies are not only meant to circulate and to be used as a way to exchange goods and services among people, another characteristic of currencies is that you should be able to store it and it should keep most of its value regardless of how much time passes, this is why people love to hold gold because it is a great store of value and any currency that wants to pass the test of time needs to have that characteristic and fortunately for us bitcoin does. |
|
|
|
Selling a car to follow IEO or ICO is a big step, there are many risks that you will face later. The risk of terrible cryptocurrency price increases will make you able to buy 2 more cars and can make you lose everything. You need to think this through carefully. Crypto investment is very vulnerable, you have to learn a lot to be able to master the crypto market. IEO or ICO is no longer trusted now, too many scammers.
Any investment is risky at the moment because today the market has started to fall and this makes things worse. I think it will take some time for new projects to resume operation and if you choose to invest in ICO/IEO, you should be ready to be willing to lose money at any time. Currently the safest solution is to hold Bitcoin or top 10 coins because these are very potential options in the near future. I'm still surprised that investors still care about icos or ieos enough to follow them, I try not to judge them too harshly because I did the same when I was starting to get interested in this market but after a few months I realized that most of those coins have no future and they were only trying to get to my money, when I understood that I quickly lost any interest that I had in icos and I really hope that people stop wasting their time and invest in coins that are worth it like bitcoin or ethereum. |
|
|
|
As of this date, probably this will be a solid floor for BTC so you should probably buy now actually unless we still crash back to 4k and that would be your best buy for sure.
I see that currently, the price of Bitcoin is at $7162 (down 15% from last week). I'm not sure the price of Bitcoin will go down to $ 4k, most likely the price of Bitcoin will go down to $6k... just suggestion, if the trend is still red, then the best time to buy Bitcoin when at price $6k. In my opinion, price of $6000 may come back again because for the past 2 days we have all witnessed the huge collapse of the crypto market so any prediction can happen. At present, the bear market is continuing and making many investors feel depressed. I think the price range from $6000 to $7000 will be suitable for long-term investors and should consider choosing to make higher profits in the next period. Of course, the risk will be higher than normal but if you are patient then the investment will be very valuable in the future. The price recovered a little bit during the previous days but it is doubtful that this is going to be a big recovery as the one that we saw was some weeks ago, in fact I have problems seeing the price recovering above 8000 and it is entirely possible that we could see a price below 6000 during the next weeks and that will be the perfect moment to buy bitcoin since I doubt we're going to see a price cheaper than that during the next months and it is possible will never see a price that cheap again. |
|
|
|
Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.
Yes that has always been the number one rule, never to spend on a project an amount that is more than you can afford to lose. There are good projects that are still not successful at the end, that is why you should be careful with how much you're investing so that you don't lose your money in the project you're investing in. But before that, you have to apply some measures to make sure that you're not investing your money in the wrong project.. No matter how much a scam project tries to pretend to be legit, the team will always show that they are fake, they are either going to impersonate people who are big in the industry or create a fake profile. This is one thing I know for sure that will always expose them. I don't think any scammer is ready to show off who they are when it comes to this because they will be traced and caught. Scammers are really good at pretending to be someone they are not, after all they are scammers, and many projects are now deciding to not reveal the identity of the developers in any way or form, this way they can avoid the techniques that scam busters use to find if they are really who they say they are, and they will come with the excuse that somehow what they're doing is going to completely change the world and they prefer to be anonymous in very much the same way that satoshi was. |
|
|
|
Trading tools and assets to trade  My favorite trading tool i use on a daily Trading View, mainly due to its feature of over 100 indicators and over 50 charts, which allows me to create bespoke charts to suit my trading strategy. Secondly, TradeSanta comes in handy as it helps me make a profit even while I sleep through its ability to automate crypto trading. Those are nothing but accessories, what you need is skill, and if you don't believe me then you should read about the lives of the traders that lived many years ago, before the advent of computers traders needed to draw their own charts and they needed to calculate their own indicators by hand and then draw them by hand as well, and yet many of the theories of those using those very rudimentary tools are still used by people using the most advanced computers available today. Those were the times. Imagine doing all by drawing, will definitely try to do it even if it's time consuming (and i'm a terrible drawer).  I did it once and believe me it is boring beyond what you can imagine but it is also a great exercise because it allows you to understand a lot more clearly how your indicators work, after I did that I gained a lot more appreciation for what they did back in the day and also I was really happy of being alive in an age in which computers can calculate whatever indicator that you may like in a matter of seconds and you can display that on your charts and create a strategy around them. |
|
|
|
The country is set to implement an unprecedented restriction on the use of cash. [1] This is doubtless the first time that a country is to implement such bizarre measure to counter the abuse of cash. Somehow, this national policy is implying that cash, at least within the country, is being abused for various illegal activities. While some business communities are against such drastic measure as it would certainly affect their day to day operation, an idea pops out that they could actually circumvent this policy by adopting the use of Bitcoin and other cryptocurrencies. [2] An ordinary household in Malaysia is said to spend around 8,000 Malaysian Ringgit (RM) per month, way below the 25,000 RM limit. But still, a lot are clamoring to increase the limit as the current proposed limit is way to low. Would you care to share your thoughts on this? Will this really be a window for significant growth of Bitcoin or crypto adoption in this Southeast Asian country? Sources: [1] [2] https://bitcoinist.com/bitcoin-usage-may-spike-following-cash-restrictions-in-malaysia/This has been a tendency for governments all over the world for decades, they want to eliminate cash and in order to do so they are going to use every excuse that they can find and they have decided to try to scare people away by saying that only criminals use something like cash, something which we know it's not true, fortunately we do not we need to look for a solution for this issue since it already exist and its name is bitcoin, let's see if they can find a way to limit digital cash. |
|
|
|
Hey! I think if you don't have enough time on your hands, trading signals can be extremely useful. However, it's imperative that if you do sign up for a trading signals platform that you use the right one (i.e not a scam). And how will the person know if the signal provider is good or not? The signal provider may get it right a few times and the person may believe that the signal provider will be doing a good job. What people should do is study technical and fundamental analysis and do their own price analysis and forecasting. It is impossible to know if the person that is giving the signals is any good and if they are smart enough they could deceive you to the point that you think they are infallible when that is not true, a very common scam is to give two sets of different predictions to different people one predicting that the price will go up and another predicting that the price will go down a minority of people will receive all the right signals and they will be convinced of their ability when it was just luck. |
|
|
|
bitcoin always has a surprise at the end of the year and at the beginning of the year, if you don't see it at the end of this year at least look at the beginning of next year, if you see that surprise, I'm ready to accept merit from anyone And it seems we got a surprise but it was not what we were expecting, instead of the price going up as people have been speculating for weeks the price has been going down in a dramatic fashion during the last days, and today was especially a surprising day because the price was below 7000 for several hours and then we saw a recovery of the price, I do really hope that the price doesn't go below that but if it does we could be seeing a terrible end of the year for all of those holding bitcoin. |
|
|
|
Brother brought me in. He got into crypto back in 2014 and i can remember when he first told me about BTC and how he's going to make some big bucks with it.
Started learning about crypto on forums/yt and then decided to make first trade, rest is history...
It seems you started early when the market of cryptocurrencies was still very young and you could obtain a lot of profits very easily, but now slowly but surely professional traders are getting into the market and it is going to be more difficult to make profits in it but as long as you have a good system that can make profits over the long term you have nothing to worry about, and you have a great advantage because your brother is the one that helped you to get into this market in the first place and very few have that kind of support. |
|
|
|
So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?
Im sure the Beginners lose coz of FOMO.
I lost a lot  I lost because of being undisciplined and not in focus, and most of all I hate using stop loss. I know that I should know better now but I don't know why I'm very naive so I paused in trading for now. This is the right decision, when you have lost so much money what you need to do is to take a break and begin to try to find why this happened, in your case it seems you have everything very clear, you were undisciplined with your trading and you refused to use a stop loss, one of those mistakes on their own will not be as bad but the two together were critical, from now on if you do not want to lose more money never forget how much it cost you to learn this lesson and never do this again. |
|
|
|
The halving that is expected come next year is what many are of the believe that will influence Bitcoin market value and the crypto currency market value in general. This is because history usually repeat it self since it has happened in the past year and that is why many people are of the believe that it will happen again come next year.
One of the most basic truths when it comes to trading is that you should not use the past to try to predict the future, it is true that the previous halvings have brought a good growth in this market, but if you look at the way the market moved in the past previous to the other halvings you'll see a big difference to what is happening now, and while many are expecting to see an important recovery once we got through the halving it is entirely possible that we could see opposite. |
|
|
|
In my opinion, the actions of Facebook were initially stupid since they announced the initially problematic project, because not only many governments of different states, but also many cryptocurrency users do not approve such a project as Libra too much. In any case, I had no particular desire to use Libra and therefore was not too upset that this project would not be launched.
The biggest thing that revolted me was that Facebook will have all the personal data of users and their data on financial transactions.
That was their goal, Facebook probably has the biggest collection of personal information among private institutions, but we know that the business of Facebook and many other similar companies is to monetize your information, and what can be better than to know in what you are spending your money, and the best way to know that is to create a centralized cryptocurrency of which they have complete control but now that governments have basically refused to support the idea Facebook will have to find another way to do it. |
|
|
|
I recently went for USA Visa interview , i.e I applied for a business visa. For the purpose of VISA, I needed the documents to show my bank balance, therefore I went for getting the bank statement sealed and signed from bank authorities. I am from India the bank in which I have account are one of the best banks in my country. Now first I took out print out of 6 months statement, then went to bank physically, then the real pain started, they told me to put a seal and sign on my Bank Account Statement, they will charge 100 INR for one month's statement, and I felt cheated, I felt these guys are in a business of monopoly, for my money, my account, they are charging money from me just to authenticate that my balance amount is right. We surely need crypto currencies, and do not need anyone else's validation to proof that we have our own money. More and More Power to BitCoin. What steps I am taking to make people aware of the power of bitcoin, and cryptos? - Helping them buy their first Bitcoins
- Making the understand the power of bitcoin hash power.
You can see their abuse because you know there is an alternative in the form of bitcoin, but the rest of the population do not see it that way, to them that is just the way things are supposed to work and even if you gave them the option of being their own bank they are not going to want to accept the responsibility that comes with it, and it is why it is taking so long for bitcoin to be adopted by a significant amount of the population around the world. |
|
|
|
|
Show Posts
