It depends on the platform you use.

I know that binance offer stop loss features for all of its trading pairs, but you might not find this functionality on newer or less advanced platforms.

I personally set my stop loss to -10% on my entry price, and I set my take profit order at 20% (most of the time). So long as I pick more winners than losers, this system should pay out.  

Excellent thread, this will definitely help newer users that tend to get rekt by investing in shitcoins or obvious pump/dump scams.

I think that fundamental analysis only works when there is a very clear vision and the team clearly has the skill and expertise necessary to pull it off.

Most shitcoins are a half-baked slew of ideas that have been stolen from other projects. Unlike Bitcoin which tries to do one thing and do that one thing well, shitcoins often try to solve every problem at once—then fail to address any.

Would like to see a similar thread but this time about technical or sentiment analysis.

I think the reason altcoins have failed to topple Bitcoin as the number one digital asset is simply down to the fact that they're being forced on us.

None of them really have groundbreaking utility yet, despite there literally being thousands of altcoins all designed for different reasons. None have actually managed to deliver on their use cases yet.

Bitcoin, however, is already used and accepted by tens of millions of people worldwide. It is at the point where it now cannot fail, since it has strong foundations from which to build on. these altcoins dont even have that.

I think @mt55 is making a fair point. In real practice nothing is can be trusted even if its legitimacy stands momentarily but because there are no or very few options left people still rely on them because that's the best there is. However, one would be wrong to think that there are 100% no drawbacks, hacking nowadays can bring companies to its brinks within matter of seconds. So it is best to remain skeptical and vigilant at all times as things can change very quickly.

Decentralised finance or DeFi is now becoming the new hottest aspect of what digital currencies can do, and having said that there's so much potential. The space is new and projects are booming, every investor is excited and some worried not to miss out. It really is a space we should be keeping a close eye on, as I agree with others out there who believe DeFi is the finance of the future.

I agree that this is just a matter of perspective. Either game; slots or dice gives you a similar wining chance and you can develop different strategies for both. As for me, I prefer dice over slots but this is my preference as I like to at least think that I'm a bit in control 

The current rumour is that there was something to do with admin privileges which lead to this entire catastrophe. Such an irresponsible way to have passwords hidden in plain text, you don't have to be a tech savvy to know that that's a terrible idea, one which has led to millions lost and bad reputation

No, I haven't but this is now THE BIG NEWS. With this info you'd expect the TWT stock market to plunge though somehow the market is maintained, probably because the market is closed (US stock and market hours)  In any case, this may be a third party breach not directly through twitter so the plunge may not be all that great. Maybe there's still some window of opportunity here

And you pulled these dates out of ...

These are all hypothetical and over-estimated at best. There's a lot that could happen in between now and 4-5 years in ways that even the best algorithm modelling can't predict because the way I see things now everything and everyone is volatile. Despite this though I do have optimisms about BTC and crypto but more on the realistic side.

I suppose these predictions are best taken with a pinch of salt, and one can get as pessimistic or optimistic about the future as they please.

0.2% is already quite low for well established exchanges and if you have a lower rate but coming from a less reputable platform you start to get skeptic right. So, better go with places where at least your money's safe. Binance for daily trading is what I use, I'd rather have peace of mind than go with a dodgy platform.

The conclusions are fair and insightful. If I was going to look into projects these will be on my own list of criteria to check. Partnerships is a great one because I find that bringing a project to life without having connections to well established allies is almost impossible. Libra initiated by facebook is a great example of these crucial partnerships. The take home philosophical message is to read both the big and the small print!!!

I think the top traders whose trade portfolio is copied are most certainly notified similar to other trading platforms where the traders benefit by getting a % from the profit/wagered amount of the users. And this in a way makes sense but for my trading I personally wouldn't copy a trade bot analytics.

Yes, this is correct indeed!

However, for the current holders of tokens seeing a rise in the market price is usually a good thing because their token value increases. The same effect can be extrapolated to the entire crypto market because a price surge means growth in the market. This encourages new investors, while the existing investors gain more value for their investments. It also drives demand, which is directly proportional to the price.

Most people barely have any idea how spot trading works, so why would they then make the jump to options—which are arguably one of the harder financial instruments out there, especially when combined with volatile cryptocurrencies.

If people want to insure themselves against loss, they should learn to use trailing stop losses like expert traders do. Risk mitigation methods like options are only good for those with large sums of bitcoin that are locked up for some time, e.g. miners and hedge funds.

Sad to see that another mate has fallen to the hands of phishing attacks. This is so common that it makes me want to cry too. From now on, never act on upgrades especially when it comes from softwares you downloaded of the internet. The electrum wallet like any other wallets should always be downloaded from their official sites, if in doubt better ask first before it is too late - unfortunately, like in your case

So long as there is an opportunity and new people joining either the internet or the crypto space there will be scams. And they work because people are gullible and want to be getting rich quick without fully understanding what it is they're getting involved with. 

This is a prime example of not weighing out the risks. Leverage in trading works in both ways, so if you're prepared to go all in without even being bothered about the consequences well I'd say that's complete foolishness. No amount of money is worth a life. So this is a very bad tragedy others should learn from

I suppose what you're describing is you being a passenger for all of the activities you got involved with, which in its own way is good because you're not addicted to any of those things. However, there are types of people who would be happy to just play their favourite game 24/7 each day and everyday and for these types of people the lockdown has been nothing but a mere event.

On the more +ve side, with all the time the lockdown provided for many of us one great way to make the best use of the time is to invest in yourself in whichever way you seem fit. This may be education, relaxation, sports or just being lazy and heavy online tournaments. It's an opportunity for improvement and realisation of the freedom we kinda all get for granted!

I'd say yes and no. At the moment, I'm not leaning towards negativism as I've dealt with them and I can't say I can complain. However, their accusations have increased lately and going forward I think given that this platform is 100% centralised it is best to be cautious like with any other centralised platform.

I'd say as a word of caution that can be applied to anything you can think of, is that there's always some risk and nothing is risk free.

As for holding stable coins, hell yeah there's a risk. The platform could get hacked or the people might shut down and either way you lose your money. Always think that if you're not the one holding your own money then that money is at risk. It really is that simple!