Finally bitcoin touched the 1 trillion market cap as it priced surged to $56,368 ATH yesterday. With this recent bull , the bitcoin market will begin to attract more adoption and institutional traders. Apart from Elon musk who converted most of his cash to bitcoin, this month the oldest bank in the United States announce to join the space



The move may elicit the interest of institutional platforms in offering cryptocurrency custodian services


https://cointelegraph.com/news/56-3k-bitcoin-price-and-1t-market-cap-signal-btc-is-here-to-stay

One problem with crypto trading service is that of pumping that happens there but not to the hearing of all members. It is usually used for pumping and dumping and a big buyer may buy much but can't off load because price has gone off the the hook low

Yes you fail because you hesitate to stop your trade lol. It is difficult to do however because it is your money like wasted but it is also a bitter truth to take the option of stopping the trade. Okay you need to see the advantages you have when you stop it :

1. You stop it, you cut or reduce your losses.

2. If you reduce your losses, y have another chance tovtake another good order with more capital that you didn't lose with the initially losing trade.

3. It helps you to correct your mistakes. It is a learning process for you to adjust towards your mistakes.


If you have the habit to readjusting your stop loss to high levels, you need to stop it because you will be losing more.

A losing market will keep you losing for that day, so why readjusting  your stoploss above or higher. This is saying instead of readjusting stop lose because of fear of being hit, you increase it and do yourself no good because the price may still take off your stoploss at such a high level of adjustment. Instead of increasing in adjustment, you can decrease in adjustment and this can be like a strategy for stopping a losing trade.

Op did not state the time range for the $300 speculation but bnb will get to that soon. The price is currently at $192 and that is causing spikes already. I believe binance popularity and the management activeness is a major boost to bnb.

I think cardano is still having a good support in the market, it among the top five with price less than a dollar. $0.91 exactly and a little bullish in 5% .It is still a choice to make, for mean I think it is not overvalued, it is a nice project but the team need to work hard more.

In the beginning as like mining, there were also more calls for hodl. Many predictions was on hodling your bitcoin when price was below $10 but many sold and today we are seeing more stories of statements of regrets. People in the past never had the courage to invest in bitcoin but today expressing how they missed the chance.

Using a wallet that you can have all security phrase to yourself is advised. Using exchange address is not advised if you can avoid it and transfer your hodling coins to the coins personal wallet or the wallet compatible with the coin like erc20 or tron , depending on the coin.

The expectation is why we lose after waiting for huge profit. There are times that we have the chance to off with some profit and we keep our fingers on the button and wait to go off but eventually lose all. If we take away greed too to understand that we still can make more money next trade, we do great profit turn around. Profit should be taken little and little or we lock in our profit no matter how little it is. Profit isn't hard to take but selfishness is the big challenge for trades. Bitcoin price was around $48k last week and yesterday was $52k , now at $51,712 these are all profit for unselfish trader.

This is a simple explanation of op question. If he invested $100 then excluding his fees on buying and selling, @ $200 he should have doubled his investment. I think the fees should be excluded from his calculation because fees are taken off his hodling.

This point is good for a trade you suspect that may later turn into profit. Rather than stopping the trade, you can readjust it to your entry point which gives you a 50/50 chance of making profit out of it or running out clean without losing your stake.


You can if you have built a good strategy and when your orders turns against it , you can predict it rightly.

It is for traders to understand that there are price we pay in life to better in what we do. Just as people want to acquire some level of education,this is also the same with trading. But the using of plenty of indicator at a particular time is capable to confusing the trader to make big mistake and indecision.

Some trades we take are in wrong direction but because we want to be hopeful that it will come back to profit, we allow it and it close against us. If we keep doing this, it is the exact opposite attitude of someone that wants to keep their initial capital.

There are steps you can take to reduce the loss before you lose every thing or it get to your stop loss and such is

1. Stop the trade: This is very good but difficult for many traders to do it but if you do that, you have potential loss that you have saved.

2. Use of stoploss all the time: This help your losses to be minimal.

3. Try to adjust your stoploss: You can do this if your trade is already in profit and you suspect that it is going back to your entry price, so you can take your stoploss to entry and all the order to run for profit or it stops at your entry.

But that doesn't look like a joke to me because you made out trade order that was profitable to you and you accumulated profit, that success story.

In my own anyway, it was more of confusion than understanding what I was doing. I had difficulties setting up trade and I messed up at some point before I learnt the hard way.

A failed dollar in my view will become a collapse system if there isn't any fiat or crypto that can rise to the occasion as dollar world wide. Dollar failing means bitcoin value will collapse because many pairs are on btc which is usually measured in dollar. Except a coin like stable coins is discovered to fit into dollar but unfortunately, stable coins are still cryptocurrency and not fiat and can't play the traditional role of fiat.

I think the bull is not stopping yet because more institutional buyers are coming into the market. I just checked price of bitcoin and now at $49,148 , this means $50,000 is just about the corner. The Chinese new year couldn't draw price down, so what do you expect? It is going up daily while some expect a drop. The altcoins too are in good move, etheruem is about $1,8++. This is a great time for hodlers who had faith.

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I wonder how much price will drop now with institutional traders in the market now. Well it is depending on how much op is waiting for the drop to be. I don't expect that price will fall like it happened after 2017 bull because the market has grown. I expect a sideways price movement and not another collapse of market. Many coins have really done fantastic aside bitcoin so market may not be going flat as in 2017.

I think your third point is yet making reference to the second point, institutional investors. I think for me the institutional investors are one major factor that bitcoin is on the increase if Elon Musk invested or uses bitcoin for huge institutional payment and Amazon and others are part of the bitcoin adoption then we see it is the institutions creating such bull because of their huge transactions.

Point I need to understand here, you mean unemployment will bring more harm or the stimulus? On what you wrote here if you mean stimulus, I can disagree that stimulus will cause harm to the economy. You may think that because there is money as stimulus that inflation can show in the price of goods but No to that because stimulus is not huge, it is temporal and just enough to take care of basic needs like feeding and health care.

You can learn from babypips too on how to trade forex. You can relate it with cryptocurrency trading because they are the same way of trade. Indicators are the same , you just have to adjust with the pairs on cryptocurrency.