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I was gambling and playing pyramid scheme in those days and one of those pyramid scheme asked for payment in bitcoin, then I started researching bitcoin and realise how revolutionary it could be if adopted by people all over the world! I bought my first bitcoin and started trading ever since!
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Yes, dogecoin will rise in price if Elon stop tweeting about it! Elon has already done a lots for dogecoin, he practically bring doge from obscurity to the very forefront! Now a lots of people are interested in doge. The example of this is what happen with doge price recently when it soar for more than 100% because of reddit group shilling it!
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I prefer to buy ether in bull and bear market! There is a lot of avenue for usefulness of ether, and this avenue provide a platform for activities that bring profit! I will suggest you buy ether and learn how to use it. There are also very cheap quality altcoin you could buy. Altcoin like EOS, Polygon etc.
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The fee you pay for gas is as a result network activities! The fee is way lower now! I just send ether at $1 fee right now and many dapp charges have gone down as well! I am not aware of any upgrade but it's obvious tha there are less trafick on ethereum network! Bear sentikent have calmed people down!
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There is a general concept of going away from market in may and come back in August! The financial market all over the world have the idea of May been a bearish month! Beside, cryptocurrency have been bull market since january, may be it's time for the bull to take some water!
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My worst experience was watching my green portfolio in ten's of thousand dollars becoming few dollar and cent! At moment of incredible profit I become more greed and I was hoping my holdings it will rise to hundreds of thousands of dollar! But before I could cash in few days later, everything came crashing down! Altcoin (defi) is a good way to make insane gain but first, you have to be able to control your fear and greed!
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I think we must get rid of get- rich- quick mentality! Op was just lucky that he made 100 percent in 24 hours! he might not be that lucky next time. So, it is important to dyor before making money commitment into any project and not just to invest because somebody want to pump his bag!
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The issue of outrageous fee experienced few months ago on ethereum network was a temporary thing. As I type the fee on ethereum network have dropped dramatically. The uniswap fee that was like $400 at the peak of ethereum ATH is now $15 and I believe it will stiil fall even more! As for the future of ethereum, nobody knows what is going to happen say 10 years time!
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Manipulations of cryptocurrency is two edged sword, it could work for you or against you! Cryptocurency hype and manipulations is like inside trading in stock market, these activities are not ethical. But wait... money has to be made! I would not mind if the coin I am holding is been hyped by Elon, that will be my lucky moment!
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The only method that I have worked for me since 2014 was holding bitcoin! When you hold and give yourself some few years before you attempt to re-consider your hold, you will realize that you are already in good profit position. This strategy is very apt for bitcoin trading because bitcoin deflate every four years! All the 'four years' have been succesful so far in terms of price explosion!
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Quiting is not the way to go! you must do better, trade better and hold better as well! The issue of trader's state of mind and his emotion will be a re-ocurrent decimal in trading discussions! You must know what you are doing and be calm as you use tools available to you for decisions making! If your outcome falll short of your expectations, then you must do some post-motem on your appproach and correct the wrongs!
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Building a career in trading is good! I am sure you will find a job very quickly after your certification! Trading cryptocurrency is however very delicate and require expetience and fundermental approach to analysis of trading! In cryptocurrency, 200% in 6months is a failure for some traders whereas, 200% in 2 years in other market is a huge sucess! Trading can be exhustive but you must know your onions!
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The issue of bad trading will persist as long as we are not objective and clear minded in our trading postions! The big singular reason for bad trade is mismanagement of your emotion of fear and gree! If you are able to control these emotions, you will be able to habe good trade! Been disciplined and sticking to a goal is more reliable than impulsive buying and selling!
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I personally believe holding should be in circle of the market, you can not hold in perpetuity! In order to effectively and profitably hold, you will need to have seperate wallet for holding. And from time to time , you can replenish your holdings! Trading wallet should not on any account be used for holding and vice verse for holding wallet!
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I have used demo account in forex trading before but I am yet to come accross demo for bitcoin trading! It important to get familiarized with trading in general in an atmosphere of low to no pressure! Demo trading kost often time construe as a skill learning excercise of which I do jot agree with! The live trading however is totally different and come with risk that could be grave! The bottom line is to practice until you know what you are doing and then, you will becreaping the reward of your effort!
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Sorry for your loss! I think everybody have had their share of bad judgement! I am sure this experience will help you a lots in your future trading! The first thing on my mind when opening a position on any trade is safety of my fund and I must say this have limit my profit but have kept me safe ! It important to be guided by established principle, money is emotional and trading priniciple will protect in the heat of emotions!
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I have made up my mind not to trade future btc, I am comftably sitting on 100% profit having been able to convert my btc trading account to usdt since first ATH! I am looking for good entry on btc and I wait till I got the number I want. The purpose of my btc trading is to increase it not profit per se!
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I think there will be some sort of stability in the price of bitcoin whether we hit $20k or not! At some point , we will have stability and that is when altcoin will rise and existing trend like defi will flourish even more! The market circle on bitcoin may extend before completion as there are institutions involve with bitcoin now!
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When bear market begin properly and there is a cascade of prices of cryptocurrencies accross board $0.2 dogecoin will be like the most premium price dogecoin could ever be bought! The bear market in my opinion have not started and I hope there is a reversal in this bearish trend! Another factor to consider is Elon involvement in dogecoin! Will it be positive or negative in the long run? Only time will tell!
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