I know that most people are being bullish of what will be the price of bitcoin in the next coming years but I don't think that investing in such asset or crypto that you are not familiar with is a good idea. Remember that you are investing with a large amount of money and yet you are risking yourself from other people's analysis and predictions which might end up being false.

There are quite few things to take into consideration before entering the market such as bitcoin price chart, having an idea which are bitcoin investment scams and more importantly is how you are going to secure your bitcoin. Failing to do your due diligence will just put your money to a greater risk  

[1] https://www.lopp.net/ - I hope that this resource compilation will help you to decide.

Question.

Let's say for example that I forgot to set a stop loss and the liquidation price has been hit? Let's say I have a total balance of 405 XRP in my coin margined wallet in futures derivatives trading with a margin of 12 XRP. Will my total balance be emptied from 405 to 0 or it's just the margin amount of 12 XRP will loss?

Also, Is it applicable to use cross margin if you have multiple open position with different trading pairs? Let's say for example that I have an open position with 100 XRP margin, and another with 0.03 BTC margin. How does the cross margin works in this particular instance?

As of now, I think, yes. Electrum has been around since year 2011 and and I didn't encounter any issues using their wallet, though it does not offer a good GUI for their users but still, there are lots of function which you can use either advance or just the basic "send" and "receive" function. Much better if you can use it along with Ledger products (Hardware wallet).

Wait? I highly suggest that if you are planning to get into trading using your large chunk of money, it would be a good idea to start first learning first what is a "Risk Management" specifically the risk to reward ratio for every trade you are planning to do on a daily or weekly basis or even on monthly basis or whatever your preference is..Remember that the market does not always favor your bias (long or short), and it could mean that you will consistently make a profit.

Complement your risk management with T.A if you want to stay in the long run. Invest in yourself first to avoid losing much of your hard earned money.

It looks like that I am of those compromised data that has been leaked online. Has anyone received a similar email from [1] https://haveibeenpwned.com/?. Though I am certain that nothing will happen on my bitcoin that is stored in their products, still, I am anxious about how can these physical attack be possible? Like seriously? That's a million number of email and other confidential personal information.

First pick - 09
Second pick - 03

Thanks you po!! Kaya maganda tumambay dito sa local kapag holiday season na eh -- daming free raffle. Anyhow, happy holidays to everyone.

@cryptoaddictchie. I am interested with this one.

Well, I am currently exploring the Binance Savings platform and I am seeing various type of savings account, which one of these type are you talking about? I am planning to save some of my USDT that comes from the commission I get on doing freelancing works and I think it would be a good idea to stake an X amount of USDT per month which will serve as my emergency savings account that is based on crypto. Would you mind giving us some more information regarding your experiences?  I am seeig "Locked Savings" and "Flexible Savings".

Maus0728 - 28

THANKKK YOU!!!

I haven't tried using Trezor wallet but I have been using my Ledger Nano S for quite a few months now and have never encountered such security flaws when it comes to connecting your Ledger device to my personal computer. As far as I know, the private keys that has been generated by your HW is protected by a specialized secure chip called a "Secure Element" in order for your private keys to never leave the device and to protect it regardless if you accidentally connect it to a compromised computer..

[1] https://www.ledger.com/academy/security/the-secure-element-whistanding-security-attacks/

I also don't see any articles or news yet regarding this kind of issue.

Though I agree with learning on how trading works and how it can actually produce a significant profit over time. However, I think it would not be a sound advice to let someone who is a beginner and has little to no experience to invest in ICO's. It can somehow produce some good results but the probability of finding a project that has a practical use cases and is not subjected to pump and dump is not profitable at all. It would take a lot of your time and resources in order to take advantage of those vapourware projects.

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I agree with @jossiel though. Dollar cost averaging is the most basic strategy you can use to at least grow your momey over time regardless of bitcoin's price.

As for the tools you can just use Ledger Nano S and integrate it with Electrum to serve as your wallet interface after purchasing on a weekly or monthly basis depending on how you plan your DCA. $2k - $5k is a lot of money for me that's why I recommend using HW.

[1] https://www.investopedia.com/terms/d/dollarcostaveraging.asp

Quoting for visibility.

Your hand drawn artwork really did amaze me as well as with this one. I love how you manage the neatness of every color you put in on your artwork! Great!!

I am happy to see that there are people who are being inspired of my outputs  .  Also, I am amazed on how you create such a clean and detailed vector artwork.

Anyhow, goodluck to each and everyone who participate on this holiday contest. Christmas is on the horizon. Happy Holidays!

This is true especially if you are holding 100% of your bitcoin holdings way back 2017 which is a lot cheaper as compared to current price. Also, one thing that keeps holding me back is that I still don't have ample knowledge when it comes to reading charts. Well, perhaps I will just be focusing on learning T.A in order to not let go of this opportunity again, this rally makes me look like a helpless kid who can't take advantage of the market..

Anyhow, thank you for letting me know that this feeling actually exist LOL...

Wait? Does it mean you are negative in profit? How many percentage of your total portfolio have you lost?

Check some of the bankroll investment of other bitcointalk members below. They have recorded ther loss and gains on a specific period of time in order for other people to assess the risks involved.

[1] Snipie's gambling investment test
[2] GAMBLING SITE INVESTMENT

All of which have different risks as well as different reward whether it be for long term or short term. Take a look at the graph to help you assess what you are looking for.

[3] https://yolodice.com/#stats/investor

To be honest, this bitcoin rally bothers me a lot. I am newbie trader and I just recently started studying about the basic concept of trading and was planning to short the upcoming dowtrend if there is any. This led me to become confused whether if I should sell based on the other traders speculative price or just leave the market temporarily and start learning a more in depth T.A.

This is driving me nuts!

I think that he is not referring to the volume but rather the relationship why there is a momentum that occurs when FOMO is happening. Let's just say that for example that bitcoin is rapidly gaining traction due to a lot of financial institutions who are jumping to BTC which perhaps causes a lot of excitement to every trader to jump into continuous upward trend which result to a so called "Momentum" right?

That's is how I understand the concept though.

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Anyways, thank you for all the reply posts in this thread. I have realized that some of the reason why we avoid such trades with respect to volume as the indicator are just common sense based on the supply and demand. Might as well continue on the other basic concept. Thank you so much!!

@Boysen,

Sa susunod na transaction na gagawin mo, make sure na nag double check ka before doing some deposits sa kahit anong wallet or exchange yung gagamitin mo.

Remember that USDT is a stablecoin that mimics the function of a fiat currency which is the US Dollars and it is notably different to Ethereum (ETH). In fact, maraming variation and USDT na yan at isa na yung USDT-ERC20 na based sa ERC-20 protocol ng ETH network, mayroon din na USDT-OMNI, USDT- TRC20 at USDT EOS. Lahat yan magkakaiba ang hitsura ng address kaya please make a habit of double checking before doing such transaction or else hassle ang pag contact sa support or madalas mawawala lang yan nang parang bula.