People think that the coin they are holding will be valuable in the future that's why when someone ask them what coin to buy, they would recommend the coin they hold to help others or just to boost the price. Nevertheless it would be to attract other people to buy their coin to have more volume. Many people choose their coin depending on their strategy may it be base on news or technical analysis or just recommendation from other people and the problem with having no basis why they bought it and just listened to others is that they would blame the people who recommended it to them.


Unfortunately, sometimes it is the only way for others to learn because if they wouldn't experience it themselves then they would not listen to the advises. I always encounter the "Do your own research" but who actually do it are the one who was shilled a coin before and lose so they learned their lesson and I am guilty of this one too.

It would depend then on how much effort you spend on trading. If you are serious about it then your learning curve would be shorten and it would be better if you learn from someone or you find a teacher that would be your guide in trading because in this way he would be able to teach you on what things to focus on and he will know as well what are your strengths and weaknesses.


Definitely it can be learned but it needs an effort and determination that you are really willing to learn by trying and trying until such time you will notice that it is not that hard anymore because you have a strategy that you follow and stick with it. You will only truly learn trading by experience especially day trading because when you are always in the market and making trades, you will know what you are good at.

Good thing about doing bounties is being flexible with your time that's why many people are taking this opportunity since you can earn whatever time you choose as long as you can comply with the requirements. It is good for you that you have an online job since it would be easier for you that you have all you want in from of you and no need to go to an office and travel which can take up your time.

As for me, I do have a business so I can still concentrate on doing bounties and at the same time be able to monitor my business because it is related to agriculture so I don't need to monitor it all the time. For bounty being the main source of income, it is not recommended because the income is not stable and there is a possibility that you will not be paid and you wouldn't want to risk not being able to pay your expenses because the bounty you join is a scam.

One of the factors that I observe when I try to introduce bitcoin to anyone is that they are afraid bitcoin is just a scam just like an investment scam or HYIP scam. Due to lack of education and understanding of what bitcoin is and the negative news they can always see reported by mainstream idea, there is already an assumption that bitcoin is bad and/or illegal. They are afraid that when they invest into it, they wouldn't be able to get back their money. The concept of cryptocurrency is new and it is just natural that some people are afraid of something they are not familiar with.


The lack of legalities is also a factor why some people are hesitant to be involved with cryptocurrency. Some countries are restricting it that's why when others learn other countries restrict bitcoin, they would be hesitant again to invest on it because there is a possibility that it will happen then in their country.

They may be right or they may be wrong. The market will do what it will do. Many are predicting the funeral of bitcoin but others say otherwise. We can just do what we have to do which is to minimize our losses as much as possible when the trade is not in our favor. If ever what the "experts" said about the fall of cryptocurrencies then it will eventually turn around at the end of the cycle of the bear market. We just have to be patient and wait until such time when we become profitable in our trades again. When the time comes that there is an impending run, the volume would appear then.

I agree. It's better to find the coins that has potential to go up in decentralized exchanges because usually the coins are first listed there before being listed in coinmarketcap or other centralized exchanges that has a bigger volume. Always check the social media accounts of those decentralized exchanges so that you will know the recently listed coins may it be in IDEX or Etherdelta/Forkdelta. There are also apps that would update you with new coins listed in exchanges. After knowing the coins, check its fundamentals and its community if the team is active and the viability of the project.

One of the application I use to monitor the newly listed coins in exchanges is crypto bot but you have to pay one time payment of around $3. You can find the app in playstore or IOS. The advantage in using it is that when a coin is tested in an exchange, the bot will inform you so before being listed, you already know ahead of others.

We are all noobs at the beginning but there are people who get past that and excel in it while others who quit very early and stayed being noobs. Being emotionless can only be done when you are doing something over and over again that you will reach a point when you are already familiar with the situation so you are not affected by any circumstances. You can get done what you are suppose to do because you already have a plan whatever happens whether the price go up or down. In short, you just need a lot of experience to be able to control your emotions.

Long term investment may be a good option but if you are not that patient then you have to trade to make your capital higher but as what you said, it will be put to test because when you think of having more capital thus more profits, you would become greedy and wait for some more profits so that you can have a higher capital however it may not work in your favor. This is just one of the challenge of having small capital.


It would be hard to diversify if you have small capital because you may not be able to qualify for a minimum amount of bitcoin to trade. Diversification is one of the risk management strategy so that you can hedge if ever some coins are in profit or at a loss so you are still in break-even but you can't do it when you have small capital.

It is just a marketing strategy so that they can attract more investors to invest in their coin. I have seen countless times about people saying that they wish they have invested in bitcoin years ago but they didn't believe in it then that's why they were able to buy at a higher level. If they have been able to buy at a lower price then they would have more profits. Marketers are pointing out the weakness of bitcoin in terms of scalability so that investors would think that their coin would be much valuable than bitcoin.

Instead of wishing bitcoin to fall, we just wish that those cryptocurrencies would be recognized and use by people for its actual use and not just speculation purposes so that mass adoption would happen. If those marketers would receive tokens then they might as well use the crypto for its actual use case because I am sure that they are holding a pretty huge amount of it so it would be to their advantage if it would be much valuable in the future.

If they restrict the people accessing crypto like what happen in China and declare it illegal to use then they can do it but there are always other ways or means to still have access to it that's why they cannot totally control it since it is decentralized. Some are closing their doors to this technology while others are welcoming it with applicable regulations so that they would still have control of the flow of money.


Those who are in power especially the rich people knows that they miss an opportunity when they do not invest in crypto and we know that in the government, there are always powerful families that can influence their decision so if ever these families decide that they wanted to make crypto legal then they would make applicable laws for it. I don't think they will kill crypto especially if other countries are doing good with it.

Binance is a reputable exchange for me as well but then when it comes to just leaving your coins there even though you have turn on your 2FA, there is still a possibility that it will be hacked so it is not safe. Storing the coins in your wallet would be the safe way especially in hardware wallet so that it will not be accessible just by anyone online.

But then, if you only have a small amount then it would be better to just leave it there because withdrawing it would be much more expensive for you. You just have to be cautious though because there are countless times when exchanges are hacked and the latest one is Bithumb. Binance was able to act accordingly though when that incident about Via being pumped and those who use API are affected so they have a good reputation.

Even if they are afraid of its unpredictability, they can still do something so that they can profit from it. It may be hard for them to manipulate a high volume market but when it comes to altcoins that has low market capitalization, they can still pump and dump it. They can manipulate the news and make people believe that the coin is undervalued so that more people believe it and then later on dump it to the retail traders.

Bitcoin has been hype last December and we are back to the price it is suppose to be when it would have grown organically since people are buying now when it reach $6k which would mean they think that bitcoin is undervalued in that amount. As for the richest that a third of them has been well- informed, I think they are just used to traditional markets and are not joining the bandwagon for bitcoin because of its legal implications that is still scrutinized.

I don't think banks will offer bitcoin deposits because it will take away the decentralization of bitcoin. Once we deposit our bitcoin to the bank, they are already in control of our coins so anytime they can spend it or in a case when the bank's wallet will be hacked then all our coins will be gone. That's why there is a concept of being our own bank because we don't need the banks for our coins to grow in value. Besides that, given the fluctuation of the price, I doubt they will be willing to take that risk.


Maybe the option banks would have is to become the gateway for the conversion of crypto to fiat or vice versa because it is an undeniable fact that fiat is still the legal tender so we still need to convert our coins and if they offer such services for a fee then they will profit from it but then as I can observe, some of them are against it because once they track that an account holder is involved in cryptocurrency then they will suspend his account.

A 400k satoshi withdrawal fee is just too much and if one do not have enough funds then better exchange it to another coin and send your funds. There are other choices if you need the funds without spending too much for a fee. Maybe wait for sometime if you opt to withdraw bitcoin if you are uncomfortable withdrawing other coin.

For now, bitcoin transaction fee for median transaction of around 225 bytes is 46k satoshis so a charge by an exchange with that amount is just unreasonable. You can check the transaction fee in here for reference https://bitcoinfees.earn.com/

They just don't want any issues again that may bring them down or the authorities would call out Zuckerberg again for investigation. Just like what twitter and google ads is doing because they don't want to cause any issues since cryptocurrencies is still a hot topic.

Recently though, I have seen some crypto related ads so I don't know if they lift the ban or they just weren't able to monitor the advertisement that it is related to cryptocurrency.


There are other options but due to this move, bounty hunters are more needed because the promotion of bounty hunters would only be the way to promote on those sites like facebook and twitter. Youtube didn't implement the restriction so many are still promoting their ICOs there as well as in the crypto related websites.

The best way to gain knowledge in trading and eventually be profitable is to have a strategy that you are already very familiar with as well as the pair you are trading. It would depend then on the set up of the coin if that is the time to buy or to sell it. Of course you have to back test first your strategy if it is profitable when you use it in the past so that you can have an assessment and adjust it so that you have a higher chance of getting profits.

The mistake of some people is that they don't stick with a strategy but instead jump from one strategy to another even if they weren't able to test it properly and more often than not would result to more losses. The worst of all is to not have a strategy or plan but just buy when there is hype and then sell when they were already dumped on.

At least when leveraged trading, you have a basis of why you bought at that level and sell at that level even though there is still a risk that you will be margin called when price doesn't go where it is suppose to go. In gambling, more often than not you will depend on a chance that you will get lucky that what you bet on can win and it is a one time big time win and one time loss too but when you are trading, you still have a chance to hedge your position so that your losses will not be that big or may at least be break-even or have some profit.

Some people would choose gambling over leveraged trading though because some games in gambling are no-brainer while in trading, you need to do analysis that may be stressful for some people.

You can still have huge gains with bitcoin but you need to trade it not just hold it and wait for the time it would be valuable. Given that it went down to 6k levels now and it would at least 3x to surpass the all the time high, you can still profit from it at least with that amount and if it would continue to climb higher then you can still have huge gains but when it comes to altcoins, it would go higher than bitcoin in terms of percentage amount because most likely a 5% movement for bitcoin is a 10% movement for altcoin but you still have to research what altcoins move faster than bitcoin.


It would depend on the person what altcoins he was able to buy. All I know is that many people become millionaires because of altcoin while some suffer huge losses too because of wrong investment or trading decision. It would depend then where OP belong which I assume would be the second one. This is the reason why a trading plan is important because huge losses can be incurred if you are not careful.

You can do it in cryptocurrency market if you are skilled enough. There are many day traders in crypto but maybe most of them are doing margin trading so that they can borrow and increase their capital and the possibility of earning 1% daily is possible. They can still do it without margin trading since crypto market is very volatile and if you don't want to monitor the market all the time then you can opt for a bot that can do the trading for you. There are many bots available in the market that has been performing well and if you know how to do it then you can make your own.


I agree with having a longer term plan than the daily target because it will stressed you when you are targeting this kind of profit in a short period of time. At least if you have a target of at least a weekly or monthly profit then it wouldn't be that stressful since you can find a good position and let your profits run. If you can achieve your monthly profit in just 15 days then you have a choice to rest and trade again next month.

When bitcoin is not performing well like being in the bear market, some investors are not enthusiastic enough to invest in the market because bitcoin's price is not that desirable. Some would sell their coins upon listing in exchanges but if the price of the base coins (bitcoin) is small then they would have a small profit compared to bitcoin having a higher price. There are ICOs too that change the number of tokens they issue base on the bitcoin or ethereum price. As a summary, bitcoin price affects the price of all the coins may it be listed already or still on the ICO phase.