Bitcoin Forum
October 31, 2024, 01:36:40 PM *
News: Bitcoin Pumpkin Carving Contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 ... 232 »
221  Economy / Economics / Re: Fix the money, Fix the world. on: July 05, 2023, 09:24:10 PM
Contrary to what some people think there will always be a divide between rich people and poor people,
Bitcoin wont solve this but it can offer everyone an opportunity to store and transfer whatever wealth
they have without permission from a third party.


I agree to this and I agree more that bitcoin can offer even the poor the opportunity to be able to hodl bitcoin in expectation of an increase in what they have invested in the future.  Although the quantity of investment by the rich and poor varies because the poor can only afford to invest in smaller quantities but at least it has an investment power that will become worthy of value in the long run. Even where bitcoin can't solve the gap between the poor and the rich but it reduces it quite significantly. Like we see many traders and hodlers of bitcoin unlike when it was newly created, this shows more people are getting into the circle of bitcoin.
222  Economy / Trading Discussion / Re: How do I become a successful Bitcoin investor as a newbies? on: July 05, 2023, 02:54:10 PM

Risk
You cannot be profitable if you do not know how to accept the risk, majority of people ignoring it and that is why they keep losing. Be aware on how much money you can incur before the trade and in that way you can have an idea if the investment is worth it or not.


Risk management is important if a trading wants to be successful. You need to calculate your risk to reward ratio because as you are targeting for profit that is also how you need to look at the risk you want to incur. You don't have to let loose yourself at your greed appetite for profit because the market can rebounce back to entry price and probably start any opposite trend and that is the reason to also apply stop loss to how much you are willing to loss to how much you are willing to gain in any particular trade.
223  Economy / Trading Discussion / Re: When You trade Do You use VPN? on: July 05, 2023, 11:23:04 AM


Using VPN on many platforms are considered an uncultured act and shouldn't be so, I rather stick with what is local than seek refuge in places where should it turn south, I'll have foreign policies to deal with.

VPN is indicative of some restrictions. It is when you don't want to be identified either through your IP that you may want to use VPN or it is personal for the person to use it based on his or her own decision even if no restrictions but otherwise just very few or maybe no one want to bother themselves about VPN. If your country have no trade restrictions on cryptocurrency, why the need for VPN.
224  Economy / Speculation / Re: BTC Sentiment Poll for July on: July 04, 2023, 03:51:15 PM
It seems that Bitcoin will gain further in the month of July, and the majority of the sentiments are positive. However, reaching 37K is far-fetched. I think the price might touch 35k this month and then experience a slight correction before gaining momentum again.


The closing of June didn't show flag that price can go down that much so that momentum could be sustained for this month. If there are no negative news this month then it can ride the hype of sitting at the edge of $30k to gain more space in. At the moment, $31k seem strong it might keep moving slowly for the time.
225  Economy / Trading Discussion / Re: How to use the Bear Flag pattern and what to look for? on: July 04, 2023, 03:20:47 PM
Bear flags is just a confirmation of bear trend and nothing much to it. A newbie may find it a little bit confused if not explained in simple terms. Watch the trend if you can use longer time, confirm lower minutes and go in if it suits you then within minutes you are already in profit that shows you are right with the trend. It is not a rocket science that if you enter a wrong trend then you will come out in loss.
226  Economy / Trading Discussion / Re: Stop panic and remain focus in crypto and BTC trade. on: July 04, 2023, 01:25:27 PM
Panic somehow is part of the market but not that it must happen. Most people who panic are new traders or hodlers in the market because they are confused on the volatility of the market. To avoid being put down by panic as a trader you have to use good management and don't take huge risk. At all market also, you need to set your stop loss incase so you only can lose like 1-2% of your fund on the market and not to lose all.
227  Economy / Trading Discussion / Re: Multiple timeframes is another means of getting better market clarity on: July 02, 2023, 08:28:44 PM


Whether you are a long or short-term trader, no matter the timeframes you are using to analyze the market, others might be trading differently. This is more reason why I like to use at least 5 timeframes for trading, which will surely increase my chance of capturing the true psychology of the market at that time. And you know what? All of them must agree on a particular direction before I pull the trigger.

Using different trading timeframe is well advised because all the time frame are Indeed necessary and play there different roles. Analytically , the timeframe can be explained with trying to see what stands before you before it happens. So you can see the short time effect and long time effect of the market by looking closely at the timeframe. 1 minutes and 4 hours will not give same result likewise 4 hours won't give same result with monthly. Example if the market close by the month, it is significant to the expectation of the next month. You watch different timeframe to know when to enter the market and when to exit. Most traders use lower time frame like 1 minutes and between 15 minutes to enter the market and decide when to exit by also looking at the longer timeframe, this is how important timeframe is.


This is another style that may slow your trading down, but believe me, it's to your advantage. It's worth it as it filters noise out of the market and makes you trade less, lose less and win more.



What is worth doing is worth doing well. If you have to trade for profit then it is better to observe all what is good for the trade. It is a good trading strategy to take your time to get things right because if you get it right, it will reflect in the profit.
228  Economy / Trading Discussion / Re: Do not limits your investment... on: July 02, 2023, 04:47:22 PM

Altcoins can give him a temporary profit. but if their prices go against his predictions, then he may suffer huge losses from them which he may not have imagined.

Lately I have not really heard success stories from altcoins investment at least during this particular halving. Altcoins era is really taking a dive so to invest in it at the moment is a whole lot of risk to go through. Hodling altcoins are just luck for one to come off it with same investment value but maybe something new can happen with altcoins during this halving, not an investment advise though.
229  Economy / Trading Discussion / Re: Do not limits your investment... on: July 02, 2023, 03:52:53 PM
Your friend is lucky. If he invested in altcoins, maybe that could be the altcoins era that is the time before 2017 when the rally for altcoins was very high. Coins like etheruem at that time were very cheap and ico scam was not that rampant.

Maybe he was part of those who bought bitcoin early like 8 -10 years ago when the price was still below $1k. He is worthy of commending if he actually saw the future from the risk he took because some people saw the opportunity but felt cryptocurrency investment was all fraud.

230  Other / Beginners & Help / Re: Which one of this is important most? on: July 01, 2023, 04:47:23 PM
The only thing I got from your post is that you are asking
Quote
Which one of this is important most?
I intentionally copied your thread topic out because the body of your post is not clear.

Anyway, IMO both are different. You can be a member who gets merit but with low reputation but on the flip side, a reputable member "should " be able to attract merit unbiased. But the whole point is that some people still believe that merit is still biase when you see some quality post but no merit on it. I think the merit topic is coming up often, just get to work and the merit will locate you somehow.
231  Economy / Trading Discussion / Re: The price dropping, any reason the huge dump? on: July 01, 2023, 12:02:34 PM

True.

It all happened so fast that when it dropped, we didn't feel that much of a worry with that moment because the price recovered quickly.

And that is because many of those that are waiting on that sell order around $29k have taken all of those. So, we didn't feel a lot with that plummet.

Probably there were many support traders around $29k above who had orders for buy and as soon as the dump got down there it became a strong nut to broken therefore a test happened and the price went back to the levels of $30k.
232  Economy / Trading Discussion / The price dropping, any reason the huge dump? on: June 30, 2023, 01:55:09 PM
The price of bitcoin is dropping just this afternoon with more than $2k from the opening of $31k today. The huge dump is still going on, so anybody knows what is happening with the dump?

Is this a sign to end the second quarter on a bear?

If bitcoin close on the bear for the month, what do you think with July and 3rd quarter?
233  Other / Beginners & Help / Re: How did you start your posting life as a newbie??? only for full mem, Sr and leg on: June 30, 2023, 01:12:48 PM
The basic thing for the forum is dedication and interest. If you have interest to learn about cryptocurrency and you come across this forum then that will become a primary interest to be here and dedicate time for it. This should be the driving force before any other thing. Merit system is what was introduced to the forum around 2018 so it was not there from beginning, don't focus on merit or be so worked up about it but if you give the best in your dedication and improve on your contribution, the merit will be attracted to you.
234  Economy / Trading Discussion / Re: Luck is what you need in gambling but you have to get to work with trading on: June 30, 2023, 12:39:10 PM

Thats why I believe if you do something better, I think it will become a bit harder to fail if you enjoy it, and if you want to enjoy it then you need to make it fun to study, and breaks are very big parts of it.

To succeed in what you do, you need strong passion for it. Passion is the key to success that is if you are enjoying what you are doing. Some people only want to force themselves into trading because of what they feel will come out of it and they don't go through the process judiciously. Management is important skill in trading but giving up is an option if it won't work.
235  Economy / Trading Discussion / Re: Why is crypto trading so similar yet so different from Forex trading? on: June 29, 2023, 05:01:10 PM

Basically the two markets are almost the same but I think cryptocurrency is a much bigger risk,
specifically I only know the crypto market,
when we have trading knowledge I think we can apply it to both markets.

They are almost the same but different also from each other like in cryptocurrency it is not regulated and so because of that you can not monitor news information but only rely on technical. The news you get from trading cryptocurrency is seasonal especially when there is some event or scam happening around the exchange or the whales but in Forex, you can really monitor it by checking the currencies of the country on the news and policies around them from their host country. There are more difference like the leverage used, technicalities etc.
236  Economy / Trading Discussion / Re: Need a book recommendation on: June 29, 2023, 11:50:32 AM
After whatever you read from the books suggested to you, you need the techniques and technicalities involved in analysing what you have read and interpret them in the charts and your trade. Therefore, practice your trade in demo before going life. Moreover you need to understand technical analysis and fundamental of the trade analysis too. Visit https://www.babypips.com/
237  Economy / Trading Discussion / Re: How to use the Bear Flag pattern and what to look for? on: June 28, 2023, 08:26:21 PM

Personally I like trading the breakout of a Flag pole however I prefer price retouching or pullback to the outer line of the flag pole and watch out for Price Action for possible price continuation something like exhaustion on a bullish or bearish candle that touched the line before pulling the trigger for a possible long or Short order with reference to the 1 hour or 2 hour timeframe definitely anot daily timeframe which I believe trading it breakout will lead to a massive drawdown if the price undergoes correction, however multi timeframe analysis is also very helpful to determine the trend of the market.

To this end I think scalpers may not have too much to do here with exhaustion, you are definitely waiting for correction and multi timeframe is useful to determine this position but I don't like to go for scalping because it is rather slow not to be caught up by retracement.. Although sometimes depending on the timeframe that this exhaustion is severe, it may change market direction especially with higher timeframe like daily above.
238  Other / Beginners & Help / Re: Using Crypto Trading Bot on: June 28, 2023, 12:22:42 PM

It will take 2 to 3 days to get to my bank.


You are quite rich to deposit such amount of money summing to $20,000 for a start to a platform you have not tested or withdrawn profit from for the first time. This is surely a risk you have taken. Yes bots have the capacity for profit mostly when there is low volatility but for this, you have taken a huge risk of $20,000, hopefully it will be delivered to your account. Good luck.
239  Economy / Trading Discussion / Re: Beginners Should Follow These To Be A Good Price Predictor on: June 28, 2023, 12:02:33 PM

5. Avoid Emotional Trading and Always Follow the Trend : Beginners are very poor to control their emotions in crypto trading. Even many experienced traders can't control it. So it should be controlled by practice and patience. Don't go for FOMO(Fear Of Missing Out) buying, avoid FUDs (Fear, Uncertainty And Doubt) and try to know more about Fear and Greed Index. And it's a must to follow the trend because there might be a chance to pump together.


I think this is the most difficult aspect of trading and this can only be controlled when a trader starts to make profit. If start making profit in your trade then you can now begin to master the things that go on in there and as they repeat themselves, you know already and ready to take your own flesh out of it without fear of FUD or the emotional tricks. This happens to both new and old trader. To locate trend may be a little easy for old trader but a new trader hardly knows what trend is. But by any means, this is really a challenging factor in trade.
240  Economy / Economics / Re: Food Crisis - Improved, Worsen or still the same in your country (No Change)? on: June 27, 2023, 01:30:51 PM

I agree with what you said about the farming method. In recent years, we can no longer experience 4 seasons because now there are only 2 seasons. Spring and Autumn months do not show themselves as before. This creates major disruptions in the production of food products. Now the agricultural sector needs a new agricultural method. In the same garden where a vegetable was grown 10 years ago, that vegetable no longer grows. The seasons have changed, but our farming methods are the same.

Yes climate change has really affected the agricultural sector because of the effect caused by man with the activities of carbon emissions to the ozone. I think just last week that issue came up in the summit held in France. I think the government need to do more in the area of support local farmers who have individual and little farms in their neighbourhood by supplying seeds and fertilizer to be able to help them avoid rotational farming on same land so that they can at least support themselves year in and year out in the family feeding. Also those big farmers and mechanized farmers need adequate and interest free loan to road the farms, government can provide even tractors and other mechanized farming equipment plus irrigation because water is important for farming since the rains somehow is also affected by the ozone depletion.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12] 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 ... 232 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!