My major problem in trading most definitely is Poor risk management. I sometimes see myself more like a gambler then a trader. With that usually comes overtrading because i want to trade for kicks, and even losing gives me kicks. But i try to combat that by trading with at least 4h candles so the time between the swings will be longer, and i will use 1d candles too just to be sure. And naturally leveraged trading is a problem for me.
Okay here is the issue which you have pointed out yourself and that is money management. Using a 4th candle or a daily closed candle of the previous trading day won't matter if your management of your risk appetite is not normal or bad. In a football match, a coach who leaves his defense line to be bad should expect to conceive goals anytime something goes wrong upfront because the opponent is going to come after the defense. This is a simple analysis of how trade is. All the time we need to have a good management of our capital. |
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EIP 1559: Changing the economic model of EtheruemThis is why I see etheruem having a strong bull this year: According to DeFi Capital,  Ethereum represents a big part of our portfolio.
A big change to Ethereum’s fee structure is in the works.
It stands to solve a critical issue that has been surfacing at an increasing pace in the last few months. Ethereum is still by far the most popular platform for blockchain applications to build on. And people love what is being built on Ethereum, so much so that the network gets completely overloaded from time to time. We all witnessed this first in the ICO boom of 2017, and more recently with decentralized financial applications.
Ethereum handles its transactions in an auction-style. Users pay a fee to the miners to have their transactions processed on the blockchain. The higher you pay, the faster the miners pick them up. When the platform experiences a sudden surge in transactions, users start to bid more in order to get picked up faster, leading to an increasing transaction fee. Projects and users who are not aware of the change in fee, are stuck in ‘’pending’’ until the surge is over, and the backlog gets processed.
As Ethereum grows, you can understand this is not sustainable.
The EIP 1559 change
EIP 1559 (Ethereum Improvement Proposal) will be a great quality-of-life upgrade for Ethereum enthusiasts. It delivers some great benefits:
Predictability of transaction fees. This is great for projects who set transaction fees for their users.
Lowering of transaction fees.. In times of increased activity on the network, transaction fees shift at a minimal range for users because there is no mechanism that drives up the price.
Quicker transactions.. Due to faster processing.
A portion of Ether is burned with every transaction.
Especially this last point has far-reaching implications for the economic model of Ethereum. With this, Ether becomes a deflationary asset. From an investment point of view, this is an essential change. It will create a positive feedback loop on the price of Ether. Now, the popularity among developers and users will be reflected in the price.
With an average of 1 million transactions per day, and showing steady growth since its inception in 2015, this might just be the single biggest change in the history of the most popular blockchain platform there is.
If you wish to get more indepth information of the proposal, Vitalik Buterin made a slideshow of a more technical perspective. Here it is.
The sentiment of the Ethereum community
As with every change, there is also a part of the community that does not agree with the proposed change. People who profit from high transaction fees are amongst the group strongly opposing this idea. There are concerns with difficulties to analyze the proposal and the risk of implementing such a drastic change.
A survey was conducted to poll sentiment on the proposal. Interviewing some 25 projects from different parts of the ecosystem.
There is still a lot of testing, documenting, and communication that needs to happen before EIP 1559 gets implemented successfully into Ethereum. But the initial prediction is that it should be able to go live in about 6-9 months. Don’t mark this in your calendar just yet though, in our experience proposals like this usually get pushed back some time.
The future of Ether as an asset
Now let’s speculate a bit. When this would happen, what would it mean for Ether as a capital asset?
Blockchain is growing out to be the base layer of the next financial system, and Ethereum is by far the most developed blockchain platform. The financial system is slowly adapting to crypto and adopting its capabilities. Interest is becoming ever greater and big players, like PayPal, are joining the space, connecting this with a deflationary supply and it paints a very bright picture for the future of Ether as a capital asset. The major reasons here is the: Lowering of transaction fees. As most investors move towards a coin that is fast and with low transaction fees, if etheruem platform is able to get the EIP 1559 upgrade within the 6months, you know it will further increase the network coverage, no transaction delay and cheaper fee. It will push demand up certainly and that will cause price chase. link
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This thread may be difficult to follow or look more confusing to traders that may see it as time consuming because most traders have sites that they visit that gives current analysis of market and reviews, like example; investing.com, FXstreet, DailyFX And even forex calendar.
Maybe you need to add some chart on direction or market analysis.
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Many lose their portfolios because they are just glued to the news especially from social media, social media should not be a reference for making a decision in trading either when buying or selling.
Apart of that people stay with news which is fundamental aspect of trading, they don't balance it with technical and then have good money management plan. We take over zealous risk because of getting rich quick syndrome. This is a big challenge that traders face. If you do good money management then you use stoploss, you are sure to have balance after market close out your order in minus. |
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Etheruem is still doing well to me although with some little draw back which also affected most altcoins. This is showing etheruem being the leader of altcoins. The coming week if it will be bull will start also from etheruem, so I choose it.
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People ask why they should buy and support bitcoin. One good reason. Bitcoin helps the poor.  #1 BTC provides banking services to the unbanked Millions around the world who cannot qualify for a bank account use BTC to conduct business and make electronic transactions. #2 BTC allows immigrants to send money to families back home Immigrants from cuba, the middle east and other nations who travel to the USA, europe or asia. Use BTC to send funds to their families back home. #3 BTC empowers nations with troubled economies like africa, the philippines and venezuela It provides a means of income to help stabilize dwindling economies like venezuela's. Provides options and opportunities to those in africa and the philippines. There are other examples but I think people might get the gist of this without them. There are other examples but I think people might get the gist of this without them.
Maybe you have to provide more examples that will actually relate to the poor because I don't think these above points relates to being poor. Someone referred to as poor may not even no there way to the bank. Or whether a poor can become an immigrant except if not by war etc. So maybe that the title can get some adjustment as a poor person can't be banking, being an immigrant that travel to another country. But bitcoin can surely help people who are poor if they buy even little bitcoin and hodl for longtime like people already cashing out big at this time. |
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I can afford to lose more than $500 (not that I want to).
And this is what matters in investment. How much you are able to lose and not cry blood Asking people to know how much to risk won't help your investment because you should your investing strength by yourself. Check your possibility of profit with tron or the coin you want to invest. Check the maximum number or circulation of the coin because it can help the increase or decrease in price. Above it all, it is your decision to make too. |
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It's a perspective thing as to which offers more. A trader would easily tell you trading is the best way to go while, an investor although trading could be seen as investing in a way but, let's disregard that.
But if all things go the good way for both trader and investor, you know a trader has better possibility of having greater profit. The daily trader in example making profit every time in trade is going to have far enough profit than just investing. Using bitcoin as example, it didn't rise since after 2017 so investors didn't have any profit but traders were going in for daily profit. So I believe traders can have bigger profit. |
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Or you can refresh your page if you have not done that. Your might be expecting it to activate by itself while is a longtime you logged in. You may have logged out from the service too. Try checking by relogining in again to check. Good luck.
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Not trying to hate here but this product is better in the offline world, such use case don't need to exists on the blockchain, there many projects that introduced something like you have here and after raising some funds they just disappear or dumped their tokens, you don't need to create any tokens for this
I think I have not heard any project related to agriculture, soil and many that succeeding, so you are right. Many of such projects have not succeeded, either because they didn't realize enough money which is also because investors don't believe in the reality of it and would not invest. Most of the project are exit scam. |
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The highest that Bitcoin can go this bull season is 50k, just my guess though, I'm expecting to sell my btc from anything around 40+ and wait for massive dip, I hope people won't be too greedy and hesitant this time around like 2017, bitcoin won't keep surging forever and microstrategy won't keep buying dips too
You can get a shock that bitcoin won't fall as it did in correction back in 2018. You can see this things have changed. Certain factors have come in especially halving that happened in last year, so it may take another angle that price will just drop a little around above $30,000 and bounce up to $50,000 for this year. |
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If doge coin will increase above what it is now, it will be depending on the altcoins bull because dogecoin isn't the kind of coin that can do a single bull run by itself. So you can look at the market situation for next week to determine where the price can go.
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It is possible that there will be a few more bitcoins in the future, and there will be a possibility that the bubble will burst?
there won't be more than 21million bitcoins circulating in the market. Instead there'll be lost of some of the total supply as a result of the careless nature of humans and others will be held off exchanges by holders in the form of institutional investors and retail investors. Yes there is already limit to number of bitcoin which will not increase but possible for reduction from the analysis you have made
Anything is possible, although bitcoin can't be hacked but we have different theory going around which might just cause harm if they were to be possible but only time will tell.
Including that we need to be careful of our hodling and wallet codes so that they don't get hacked or being scammed. The crypto environment is filled with different possibilities and we have to invest wisely. |
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A year ago I bought 1 BTC and 20 ETH
I have very high hopes for eth and was wondering if I should transfer all or some or none of that bit coin into eth.
It’s dumping right now but I was thinking since there’s a discrepancy in the price might be a good time to get in
Let me know ur thoughts
Thanks so much
The major reason that people lose their coin is greed . Greed make the person not to exit the profit when you are suppose to do so. Both bitcoin and etheruem have had a good run that you should see your profit margin but you still wait for price to drop. Even a longtime purpose hodling should no correction or bear will appear the good move. So why don't you consider to take off profit ? |
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You should edit your thread with updated information (ie, you got the money back).
Done that already. The post is for guide for newbies anyway. Reviews are good for newbies before clicking that order. Thanks |
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This post wasn't against CoinSwitch but to help and educate newbies on the importance to get the latest information on activities or transaction they want to do. Everything about this post is a guide. The links also good for review on latest issues. |
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Another question is that these measures are forced and caused only by the pandemic and with the normalization of the situation, many online employees of many companies will return back to the offices, because it is easier to organize control and efficiency of work there, gathering employees in one place where they are not interrupted from their professional duties by household chores.
The only thing I have heard is constant or permanent is change. Change makes you see things in different way. And they you forced to adapt into it. I have not seen when a thing happens and after a while going back to normal in the exact way it was before, because people change their ways in the old normal to new way. In other saying nothing remains the same. So we can't expect the office way and pattern to now go back to normal or remain the same. Both in closing hours, resumption and work load will change because some work can be done online now. |
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Very inspiring post. I am sure that with the advent of restrictive measures, many do not know what to do, because their activities have become frozen to some extent.
Posts like these inspire people by reminding them that they can become and be anyone. Thank you, keep up the good work.
I see people complaining all the time about what is happening, and I get it, their lives have turned upside down because of this pandemic but complaining does not solve anything, if you have been one of the people affected because of this pandemic and that have lost their job then you need to look for another one and if you do not get one then you need to do what you can in order to stay afloat and if that means trying to make money online or establishing your own small business so be it. It will not help anyone affected by the pandemic to just seat down, fold up themselves and keep complaining without putting out any action or work to it. If you aspire and don't work for it then it won't happen and you will still be in the same position you were. No magician aspire without physically formulating or putting an action into work. Some people are lazy to work for their life and family. They wait for government help or job. Those kind of help don't get to everybody because the government is corrupt and biased in the way they allocate benefits. So helping ourselves with the advantages we see on the internet business is better. You can start gradually and make increase from there. Don't despise the little beginning because it is always better to start and not to wait for big first. |
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