Bitcoin is the most useful of all coins in cryptocurrency so it has the power to use by exchanging other altcoins at the same time. Learning bitcoin trading is almost good to see the market for buying ang selling with altcoins.
But it is not as easy as we think to learn bitcoin trading and we can't focus on trading bitcoin only Because there are many other options to trade. Knowing how to trade starting from the very basic is needed for us to trade it takes time but for the traders who is really willing to learn and to earn must undergo learning. Experience would be the best way to start learning in trading. You can start trading with a small amount and since you are still a newbie in trading, don't expect that you will make profits easily, losing is very possible. You might also want to check on google demos about bitcoin trading so you will have first views on bitcoin trading. In fact, there is a lot of trading tutorials on the internet which gives a lot of ideas and information on how it works and how to be done. But the problem is that we can't perfectly make it right, it needs constant practice and experience. Of course, it needs dedication and commitment cause trading isn't just an easy job, it involves money in which for every single mistake it might be at your lose. Exactly, well on my experience videos doesn't help me much, i learn trading by experience and by reading then doing a trial and error. You need to spend time and really need to take your time learning. Because even the best strategy will not be always work in your side you have to adjust it and make a better plan day by day. We all have different ways of learning and applying. Some of the people learn through videos, books, or even trial and error. In my case, I always try to gather information from different resources around me in order to maximize the potential knowledge that I can attain through studying and experimenting in the market which is really working for me and it boost both of my progress and capital. |
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This is a huge move by the HSBC bank and it is a proof for the haters and to the skeptical that blockchain technology is really a thing and it is not useless because if its useless then there will be no company especially financial institution to use this kind of technology. With this big fun by the HSBC, I hope this will serve as an encouragement to the people who doubt blockchain to utilize it now.
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Trading - be it stock, forex or crypto - is a strange mixture of competence, luck and self-control.
The same ones that allow you to be a good poker player. If you do not have these traits, let the trading go.
A good investor is a one who invest when you know market is low and will bounce back and sell when it has reached high and people are buying even at the peak means the fall is inevitable . If you invest rightly can make you a good investors and get a good returns too . Yeah no doubt a good investor must know all about crypto we must know what when to buy and when to sell. It’s about the investor how he deals with his investment so they will be able to gain profit from it. We should remain so concerned about the market moves so we can buy coins at low price and sell them at high price. It is impossible to know when to buy and when to sell because the market is very unpredictable. Even though you are a good investor, you cannot be 100% sure about the things that you are doing when it comes to investing because the market of cryptocurrency has a lot of manipulators which makes it more unpredictable. The best way to do as an investor is to invest regularly so you will get a decent average of price. |
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I see the World is Going to the Way that no Middle men anymore!
Like decentralized banking the New era of living.
Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....
But the question is :
What about Middle - men?
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?
Do you think life without middle men Will be better?
These middle men are the same people like us they have the same minds as we and these are the people from among us so they will also join our community and they will not remain jobless. If they will lose one opportunity then they will get many other opportunities which will be far more better than the previous one. So don't worry for the decentralized era it will make us more stronger and independent in the financial world. The decentralization that the blockchain technology has brought to us will not remove the jobs of the people in our era and it will create more jobs instead. We are now in the midst of transition towards a full technology based era and we need more people to support this transition so tech companies will hire more people and it will provide opportunities to those who are currently jobless. |
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hey guys, i'm quite serious on this topic because of the confusing people when talking about Bitcoin "deflation". As far as I understand, the deflation is that goods are cheaper than they are on time or because there is no need to buy goods or the supply of money gets lower.
So for Bitcoin, why is there a deflation? Although I know that miners will find it harder to mine bitcoins after every Halving event, the value of our goods stays the same and is based on fiat money. Bitcoin's price is still being manipulated and it is not necessarily a strong growth after halving. or the best example is Litecoin. after halving, its price is halved instead of rising higher.
So, the question is, does the Halving event actually cause deflation, or is it just some bullshit theory?
Ps: I highly appreciate the comments with sincere contributions. Thanks
when bitcoin halving, bitcoin miner income will decrease, for example, miners a month get 1000 BTC every month, but if bitcoin halving certainly revenue from mining will be reduced by half for example a month to 500 BTC, if the price goes down the miner will feel loss because the value is cheap and while the buyer demand bitcoin is very high, most other investors are HODL, so what do you think if the value is low, does that make sense? soon 2020 The miners get some reward for mining and it is somewhere equal to 12 bitcoin at the moment. Once the blocks in bitcoin chain become 210,000 halving is programmed into the system which decreases the mining reward. The miners that now have bitcoin can definitely sell out bitcoin according to their values and this community increases the values of bitcoin for buyers. This is why halving increases bitcoin worth. Once the halving occurs, the miners and other holders should not focus on selling their bitcoin because it is better if they will hold it because once the majority of the people in the community knows that the supply will be harder to sustain then it will create a panic buying because people don't want to get left behind in having a bitcoin which will result for a price spike. |
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In my honest opinion, there is no luck in trading. If you are not feeling lucky then there is something wrong with you. The wrong in you is you expect to be lucky in trading where trading does not work in that way. Trading requires skills and patience so a particular trader can battle with the other trader in the market and wins and take home the money. Change your mindset.
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It's profitable if you know how to do it, anyone with decent experience in trading can make profit in day-trading. There was an interesting thread about daytrading concerning psychology but i can't find it at the moment, will post it when i find it.
Making the profit out of the fluctuation within a day is not that easy. It requires the learning, and should have the better observation over the market every minute. This ia quiet risky, but to the risks if the prediction becomes true then profit will be very big. If it isn't profiting we can't find increased number of day traders in the market. The reality of the day trading is it only gives a small amount of profit everyday but as long as you are making money through trading then you will have a compounding interest and at the end of the day, you will have a huge amount of cash. Day trading is indeed very risky but once you know how to play it well, you can make a living out of it and quit your job. |
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The reason behind your point is pretty simple too. Technology has never evolved to this much extent in the past and internet has never been used as much as it is at present. Millennial generation spends most hours of the day surfing internet. They are more comfortable with machines and computers as compare to their adults. This generation also wears the face of future bitcoiners.
The internet is around more than 20 years and not only millennial generation are experts in that, the older generation does outdoor activities too and not to glue in front of the computer all the time but the present generation is different and it will cause many health issues too, obesity in a major issue as they are not interested in outdoor activities nor working out and a healthy general is what we need rather than just nerds who can sit around the computer. Yes that's why I don't disagree with the OP that millennials are screwed, as in fact most millennials now are career oriented, they prefer to become successful rather than wasting their life doing something they don't want, so for me this statement is not true at all, as it is not compatible to all people, maybe there were few persons who are lazy by nature and we can't do something about them. If we will observe our environment, we will realize that it is not the truth. We can see a lot of millennial that are really spenders where they spend most of their salary from their job that they don't really enjoy to buy the things they want to impress the people around them that don't even give a damn about them. Millennial has a lot of opportunities around but they choose to screwed themselves up by forgetting about the importance of financial literacy. |
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Many ways to trade safely you can trade short trade you can buy altcoin that you can sell fast if you see that you have small profit sell it and buy back again once that coins goes down. I experienced that i trade it everyday and got small profit everyday but its enough for our daily living. I got 400- 700 peso in a day in my trading so its very ok buy low sell high.
How is this "very safe" if you will have be very quick and precise when selling? Since you will have to be very fast, this means that you will have a risk of losing a lot if you don't act quick. Trading this way is never safe. You might end up buying in the wrong time and might see the price no longer rising thus you will be holding it hoping that the price will go back. This will cause you to lose opportunity since you won't have your capital with you anymore. Again, if you let go of your coins, you will be suffering from loss. Very is for you to say "buy low sell high". That can become safe when the trader is well equipped with essential basics and knowledge regarding his asset, crypto coin market and the profession. This knowledge should be implemented with demo accounts first to gain some practical experience. Actually, this way all sort of tradings become safe in the sense that the percentage of losses decreases. Still, a trader can never avoid failures forever. I strongly agree with the demo accounts. It is the best way to train your trading skills and also to test if it is really working in the real market. When you have a demo account, you are risk free and you cannot lose any money at all because you are using a virtual cash. Just keep practicing at demo accounts until you see consistent winning trades. |
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If you do not have emotions, it is not possible to trade, but the emotions themselves must be controlled. Emotions for good things are needed. Like the emotion of wanting to buy a coin when the price has gone down and the emotion when the price of a coin has gone up and we want to sell it. it's good if a trader is able to control his emotions, then be prepared to get profits and become a reliable trader.
They said that if you wanted to become a great trader, you should set aside your emotions. Emotions are not used to buy a certain coin in the market. The analysis and the data that are given in the market is the foundation in making decision when you are going to buy or not. If you will rely even just a little bit in your emotions then there is a high chance that you will not become stable and profitable in the long run. |
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Anyone can depend or learn on to cryptocurrency trading because there is no required specific gender in order to trade. Whether it is a man or woman, as long as he/she is willing to learn how to do trading then they can do it and make profit with it. It is just women are now slowly getting competitive against men and they are now exploring that the men are doing so it is expected for me to see women learning and leaning on to crypto trading.
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I have a habit of saving part of the money I earn with the 2/10 rule. This is also my investment, the money is usually the money I earn and save, I start cryptocurrency through a friend, then I join the bitcointalk forum and Learn more about the market, information about it. Now, I'm still in the habit of saving to invest in cryptocurrencies because it really helps my life, I've got more income from this online job, in the future I will spend time, more effort for this job.
I afraid using my saving money for investing with bitcoin and altcoin although know how increase price by investing with bitcoin and altcoin when price up, but I most worried if using saving money for investing on crypto when price down extreme, will lost all my saving money have invested with bitcoin and holding make most terrible because price will go down again. The first lesson when it comes to investing is do not put any amount of money that you cannot afford to lose. If you want to invest your savings in cryptocurrency, you should only invest up to 10% of your total savings so even things goes wrong then you will not lose a lot of money and you will even get a good benefit which is the lesson that you have learn in investing. |
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I use three cryptocurrency related mobile applications. They are blockchain wallet, binance and tradingview. I use blockchain wallet because it is user friendly so it is easy to use even for the newbies where they can store their cryptocurrencies and use it to fund their trading accounts like what I do in Binance where their mobile app is so convenient because I can trade wherever I want as long as I have internet connection and also tradingview for a deeper look for the charting of a certain cryptocurrency.
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In my opinion, the reason why the whales are getting richer and richer while other people are losing is the skills that the whales have. The normal trader or an investor in this market is emotional so when the market drops, they all panic and it results for the whales to get cheap prices wherein they will sell it on a higher price when the dumb money enters the market again.
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I think we should try to make profit in low range. If we try to make profit in huge amount then it will be risky for us. I always try to hold on a trade until it goes to 5-10% profit.
As long as the chart looks good, you should still hold your position and just adjust the target for taking profit and also your stop loss so even though it will trigger your stop loss, you are still in a profit. It is a good strategy to always set a profit percentage where you will lock in but make sure that you should check all of your parameters before you sell. |
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I think yes, it could disrupt. Take note, how many people use Facebook, almost 3 billions now so Libra has enormous users base at the beginning. To many people it could the most convenient method of payment. What' more Libra signed cooperation with 21 members e.g. Spotify, Uber or PayU... It is going to be huuuge
Not all those three billion users would understand the concept of Libra and neither all the accounts belong to different people. There is duplication too. Still, it is not possible to deny the impact of Libra once it gets passed by the political authorities of USA. However, it will give more hype to bitcoin because that is truly decentralized which Libra wont be. It will just spread the concept of crypto currencies among common people. I agree. It will only beneficial for bitcoin and other true cryptocurrencies because it will help the cryptocurrencies to spread through Libra. I don't think that Libra will be adapted since the government of US is against to it because of centralization. Even if it passes the government, Libra will not have a lot of adaption because people prefer an asset that has a chance of making money rather than a stable one. |
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We have had a ups and downs in 2019 and nothing too special this year. We are waiting for the booming year of 2020 to come.
Somehow, I feel very good for the next year of crypto market. Bitcoin is in a downtrend again, just like the end of 2018 and it has started a very strong uptrend. I believe history will repeat and we will have a glorious year.
I don't have too big expectations for the next year. Price will probably stay in the current range with few corrections, at least at the begininig of the year. We can expect some price rise too but probably not more than 10000$, at least that is my vision. 2017 will hardly happen any time soon so we need to be realistic to avoid big disappointments. If there will be no hacking cases next year and if more people will know about the big event next year, I think that the rise in price will happen just like what happened back in 2017, people will get interested about the price movement back in 2017 because of the halving and they would probably panic buy since the price of bitcoin is really cheap compare to the recent all time high. |
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but that's a fact that you can see it, has it increased even more now? I think this is just recovery because if there is no recovery it can go down even further, and in my opinion, there is no hype from halving for now, but it will start next year. The majority of those who should buy at ATH should have sold above $10k because mid-2019 the price had risen to $13k.
If you look at the past market situation the hype does not start after the halving and when the market steadies themselves you will see that the market starts to go higher and that is what we are expecting to happen this time around, the regulation is a major topic and it all depends upon how these major nations are trying to regulate the market and we can expect them to come up with regulation in the next year. Next year will be the start of various cryptocurrency regulation. But what do we expect from it, a quite stable market or a more volatile one? Surely people who will first engage with cryptocurrency next year will be excited and hype about it, A big factor to predict what to happen next. I agree, the previous halving provides a significant price increase no matter what the market situation is. But then again it is still unknown for us, it is called just an expectation,anything and everything could happen here in any direction at any causes. So let us just wait for it to come. The effect of the next halving would probably be the same like the previous one. People witnessed the effect of last halving to the price of bitcoin and just like what happened in litecoin, the price increases because the people are so hyped up about the halving and it would be the same to bitcoin, people are now into bitcoin because all they want is fast money. Greediness will become the fuel for bitcoin to spike up and have a parabolic move again. |
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We should get used to this type of happening because even the fiat currencies are involved with crimes. No one can stop the criminals on how they do the transaction because they are getting smarter everyday. Cryptocurrencies have this unique feature where most of the cryptocurrencies available in the market has an anonymity feature so it is not a surprise to see topics like this one.
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From my sad experience, I can say that Long positions are much more convenient both in terms of risks and in their enviable predictability compared to short positions, which are much larger.
Opening a long position is easier to track and suggest the onset of adjustment that allows you to set more accurate stop loss, and this directly leads to a decrease in your losses.
I partially agree that the long position is better and much more convenient because if you don't have enough knowledge to do trading then you can stick with long position trading and slowly learn the depth of cryptocurrency trading. It will take time but as you learn and also implement it to your trading strategy, you will realize that it is more profitable to do daily trading. |
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