Latest posts of: cryptowolfsu

We have to set up goals what we want to achieve with our investment. Learn about the market, practice
and be determined on the way of achieving your goals.

ICOs are facing difficult times due to the market situation and some of them postpone the TGE and the
distribution. We have to be selective as many of ICOs fail nowadays from start.

There was a fake email today, that Binance will delist Tether. It caused some confusion on the market. The price of USDT
went below $0.9 and that lead to increase in price of other cryptocurrencies that are pared with Tether.

Quote from: tenakha on October 11, 2018, 02:56:33 PM

Sure, it is possible. Already the price of each digital currency is different in each exchange. It isn't possible to have the same price in all of them, because the demand-supply determines the price and accordingly, the price is different in every exchange.
This is called ''scalping'' and is a way to make some profit. But, the prices are always variable, that's why earning is risky with scalping.

The price difference between exchanges is called arbitrage. That is a risk free profit but you have to be careful about
liquidity on both exchanges, transaction time and fees, deposit and withdrawal fees.
Scalping is a trading style in taking profits on small price changes.

Every successful trader started somewhere and it starts with learning the basics and practice.
Start with amount that you are comfortable with, even if you lose it. Learn from others trading
experience but always make your own decisions.

We all have to spend some time in crypto to learn how the market works and how to react in different situations,
how to control our emotions in decision making instead of panic selling. We have to understand that cryto is a
volatile market and it is a normal market condition, no reason for panic.

You have to learn how the crypto market works and start practicing with smaller amounts. You have to figure out the trading
strategies which fits to you. Always have a trading plan and profit target. When achieving it do not be greedy, close your trades with profit.

Beginners luck in trading can be misleading. Many of newbie traders earn some profit at the beginning and
then they think it is easy and they know everything and not learning. There are no shortcuts in trading,
you have to learn and practice and and get experience.

A mentor in trading can lead you to a shortcut in your learning process, but be careful, as each person has it`s own
trading style which suits him. A mentor should only share his knowledge and experience and to teach you how to
develop your skills in trading and not to replicate himself.

There is a correlation between the crash of the stock market and the crupto market, that is obvious.
The Congess hearing of Nouriel Roubini ( US economist ) which was very negative on crypto
had affected the market as well, but we are used to all these negative news and FUD.

There is a bloodbath of all coins ,which is in correlation with the price drop on US stock exchange. All crypto is down
15-25 % and the whole market has dropped $20 billion. Plus, Dr. Doom had a Congress hearing, which was
negative critique of crypto on 30 pages.

Bitcoin will remain the main coin for long as it is the most trusted and secure coin and it is
leading the market and altcoins are following it. If there would be strong competition their prices
would go to the opposite direction not in the same as we have situation now.

This is why we have to be patient and give time for new technologies to work out. We are not always in
the position to see the big picture. Even Steve Jobs the cofounder of Apple sold most of his Apple Stocks
when he was ousted from the company in 1985. Now , they would be worth of $66 billion.
This is why HODL is so important long term. ( of course, only the coins with potential )

For me project and it`s team are on the first place to check if it has proper use case and team. Then looking at the bounty allocation
and the bounty manager. Even the good managers are not guarantee that the project will reach soft cap and this is why
it is important to check the progress to avoid doing the bounty and not be payed out if the ICO not achieves the fund raising goals.

#Proof of Application
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The crypto market is unpredictable for us average people. Only those can predict it who are
manipulating it. Crypto is relatively a small market and it can be highly influenced by news,
big sell offers and whales are using this into their favor.

For me Ethereum is the second trusted coin for long hodl next to BTC. My confidence and trust in BTC is
80% and 20% in ETH. This is how I split my long holdings.

Good bounty managers never hide anything from participants and the calculation for bounty stakes
has to be transparent. They always give like one week for complaints if any. It`s on us to chose good
projects with good BMs.

The value of crypto is determined by the demand for it, just like the value of money, gold, goods and services.
The difference is that the supply of money is is not limited : they can print Fiat as much as they like,
while BTC is limited to 21 million.