As a day trader, I can also position myself depending on the market's movement on that day. It's also less risky and sometimes I can choose what crypto to trade so I can gain more profit.
This is one benefit as a day trader. You can make short profit within hours and this is a big advantage over other kinds of trade like swing that takes time to pick profit. Day trading is more convenient for someone who has time to monitor their trade. |
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We can also remember certain factors like:
Halving year
That covid-19 couldn't stop bitcoin
And that also, this is the end of the year.
With the third factor, we can see alot of demand and supply in the end of the year. So this can cause any commodity to increase in value.
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It is true that too much holding eliminates the opportunity to get a profit, because we really have to be able to have a sell target.
I don't think so. It doesn't lose the opportunity. What if you've held since 2018 and you still hold it until today? that's too long for some people. Will you consider that as a lost opportunity for making profit? if the price of bitcoin you've bought is $3000 and held it until $19000. And the same for early this year for the month of March. Bought it around $4000 and held it for several months until it has reached $19000. Anyway this year's hodling is profiting for many that did. It went so deep as you mentioned to 3,000 and within a year, it had a profit of 16,000 which is a great profit . The internet business and transaction are becoming the easiest way to have some financial freedom if you learn to strike with given opportunity just from home. |
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But I want to ask more about Binaryx exchange, can I trade with large volume without KYC? I'm actually pretty sensitive about providing KYC to exchanges because the majority of them use our information to sell and make a profit. Thank you.  Good question you have asked and I want to ask if every coin is traded in the platform or it is just selected top coins only. And about the KYC, is it just for large volume or any account will require such process of KYC? |
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Investors
They do hold for long term and long term alone, ranging from 6 months to years.
I will respond to say that in this way, investors don't only hold for long time alone. Yes they are investors who buy coins but they buy and can dump with short time as they see situation of market. If they dump in short time, it doesn't change that they are not investors .
Traders
They are the ones that make use of short term to trade like arbitrage, day trading and scalping.
Well maybe we can say those that intend to go in and out from trade because they see reason to leave or enter |
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BTC on another hand, could be accepted for financial payments but paying for products and grocery online with bitcoin cannot be a good idea until there is a third party involved who take and keep the money until the deal has completed.
Is already in use as payment for financial transactions, I also therefore see your reason of third party involvement to selling and buying online in grocery stores because sometimes you have delays in blockchain confirmation and where fees are high, some transaction will not be executed because it is high at the time  |
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I think the beginning quarter of 2017 wasn't a dull time. It began with some positive move and ended with ATH. And IMO, 2021 has possibility of a good start because covid-19 at its peak in 2020 couldn't stop it.
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So when you are placing bets, does this difference between the odds of the favorite and other outcomes matter to you?
Yes it does to me. Odds some times can be used in analysing the likely winner of a match. Historically, you can check on the past games and times they have played and the odd given to them. Many gamblers use the odd to monitor the games and it do fluctuates also. There are expected difference and if it goes beyond the usual, you can easily predict the outcome. |
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If I was rich I would go to Las Vegas straightaway.
I guess Las Vegas is the place where big guys relaxed with the poker games too. Don't limit yourself by only wishing anyway . You can work harder to achieve that height and go join them  |
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It seems quite a simple game This game doesn't look simple in my eyes. It looks like correct score in soccer and you know to predict correct score and win is extremely difficult among all other option. But the little difference with the ending game as op made the example of 9 and 8, maybe is you can predict one of the numbers at the end and have a win but if it is the two ending to predict accurately, then is very difficult like correct score. |
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This is also a concern to me. I've been thinking, what will happen when more than 50% of the world uses a currency that doesn't depend on fiat. I'm afraid it may bring crisis beyond what we think.
I don't see why bitcoin will become much more valued than fiat, you don't need such fear. Bitcoin is not more than 21 million and some has been lost because access have been lost to them, meaning less than 21,million remaining. For fiat, every country has their fiat and can print more at times they are needed. You see there can't be a time that the world will run at of fiat to go after bitcoin no matter the price for it at that time. |
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Thee is no amount of how you can hide your identity that can be better when you are caught if your government is not approving it. It will be better you resign the use of bitcoin to fate, is unfortunate , until your government take an approving the use. The consequences of being caught will be worse than letting it go. You can learn other businesses to be safe from your government decision in making the use of bitcoin a crime. You can check on any online business hereAnother advise is that you can leave from your country and go to another country that accept and use bitcoin. |
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usa are going to follow to finland system thats the only way for usa right now i did all days research about biden and usa and i have find solution for usa only solution. No explaining how Finland system is for people to understand your point on why the USA should follow it. But you can't compare the two countries because usa is far more bigger than Finland and they can't operate same policy. Also what is the solution? |
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I wouldn't compare the crypto market with some Biblical tails about King Solomon.
I tend to agree, I don't see any resemblance between the two, the biblical story of King Solomon and the Crypto world or the economy are two different stories regardless of faith or fate. If we are going to talk about the fate of the economy then Bitcoin and cryptocurrencies are fated to come up and make some changes in the world economy not to split the people beliefs that half of the population will stick to fiat and the other half into Bitcoin or cryptocurrency which is supposed to be one. I may just consider this as an evolution of currency that fits in our current economic state in other words " survival of the fittest" which may come to one resolution that bitcoins and cryptocurrencies will be the answer and suits to our economic condition. I don't even look at op thread as evolution story and currency history but he is writing much about Egypt and bible which makes it awkward somehow. I think he is trying to paint out the unbelievable story of bitcoin. Many doubted bitcoin and didn't invest early and now bitcoin has become a good decision for people who had the confidence that they were taking good decision, like king Solomon did to the baby in knowing the mother. |
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I can not forget what happened recently to me, I was able to learn margin trading, I traded litecoin immediately, I sent 125 USD to my margin account, and used it to borrow $1250 worth of litecoin. Litecoin was at $64 at that time, the liquidity price was at $60. Litecoin falled not long after, it decreased to $58 and my fund was liquidated. But after the price fall to $58, the $90 rally of litecoin started, what could have turned into profit for me.
What an experience you had on that litecoin dropping but that is also the way margin trade can be a disadvantage to your trade. It falls on you when the price drop then you see how you have made your trade a trap to fall. Margin trade is risky anyway, becarefull for next time. |
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The main negative aspect of trailing stop is that it cuts the trader profit that would have been taking because it catches up with trade as fast as the trade is running. That is a little drop back in price can cut off the trade order which would have given better profit. Trailing IMO is same as scalping while trailing is controlled by the platform as trading indicator. It is built with the platform while scalpers do it themselves by being on the system to watch the price movement.
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And the inflation is showing since Biden has won the election, it is surprising that the currency is beginning to weaken against base currency like pounds. I think that covid-19 effect is showing in the American economy because it had a big blow there. The solution is to print money (regulating it) and grant loan to small businesses .
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It is still limited until now because only users in the US can enjoy this feature. Maybe European, Asian and other continental countries have to wait even more patiently.
That is not a reason for me. Even with limited number of continental usage, we are seeing more growth to everybody. It is just few people then price has really improved to this height, ATH is on the way and maybe we go pass it before the year end. |
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In my opinion, we will not reach $30000 fast. There will be a lot of obstacles ahead blocking us from reaching our target.
No expectation of 20,000 this year from 4,000 in the beginning and it got this high to ATH again. So we can still see continue price bull . No obstacle as covid-19 for next year and that can help free movement of the price. |
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I was just curious if I deposit in Cryptocurrency and win on their games would I be able to withdraw it
You have made a good concern about withdrawal because this is important. The mode of withdrawal, minimum and maximum to withdraw is good to know because some gambling sites do have conditions for such. |
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