I also trade on the Binance exchange, but the latest news that the company does not disclose details about the location of its office scares me.
Didn't they have their address scattered on the web if you're going to search for their physical address? AFAIK, they've got physical offices in certain countries. |
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if you can understand market then first you need to some knowledge about crypto and its graph to study well about there position that when they will up and when when the dump and down and study there graph for at least 6 months period and know that when the break they support zone if you read and study the graph well then see your results you make some good profit in crypto and as will give signals about coin to others people.
The graph or chart itself is the one that you need to understand. You may not have a 100% understanding of what might come next. However, you have the potential to predict what will happen next if you're knowledgeable about charts and analysis. |
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IMHO. It's actually a good policy if they want to let all of their people trade only with the exchange that's registered under their government.
No. It is up to the user to decide whether they want to trade in an exchange that is located within Uzbekistan, or a centralized exchange that is based outside (or to use a P2P platform). Anyway, it is good to see the Uzbek regime not going too hostile on the cryptocurrency trade, similar to the case with China. Also, the warning from the National Agency of Project Management sounds OK to me. Unlike the case with Bangladesh and some of the other countries, they are not threatening the cryptocurrency users with jail term and fines. Yeah it is understandable that it's still up to the user to decide but it's the Uzbekistan's government that's also encouraging these businesses to be registered under them. Since most exchanges these days, the trusted ones are centralized, they will have no problem if they aim to target citizens there. IMHO. It's actually a good policy if they want to let all of their people trade only with the exchange that's registered under their government.
Using "agreed" exchanges means that they paid the correct taxes and the government may receive KYC info from those for example. It doesn't necessarily mean they are unsafe. But we are used with governments' warnings, don't we? Aren't so many governments and central banks telling that Bitcoin is risky and should not be bought/used? That's true, they've been giving warnings and it's just a matter of the process from this country and as usual, their citizens, their rule. They just want to have these exchanges register under their government so they have the advantage of taxing these possible exchanges that might start their office in their country.
But we actually don't know intention behind the warning, especially if we consider internet censorship on Uzbekistan. I'm not aware of the policy there but there's always the gray area for this matter. |
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Note: In SPOT trading, you can never lose your coin, the worth of your coin can only reduce but your coin remains to rise again in worth when the market goes green.
You can if you sell all of it. That's how you lose your coin there when you sell it at losses or even in profit. You no longer own and you no longer don't have that coin of yours because you've already ordered it to be in sale and somebody took that order. |
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@jrrsparkles I agree with this strategy. Even I prefer selling at the peak as the best option for a bitcoin exit plan.
It's much better to have selling points than to exit. As long as you've got a hold of bitcoin and it's market value keeps on increasing. There's no point in exiting. You can compare this if you've thought of this for the past years and you've sold at a said high of $1000 or even $100 when its price was cheaper before. Then looking at the present, you just made a bad decision for having an exit. If you are into long-term investment, best not to have that. We all witness how far bitcoin goes and still moving forward. But for those who are into short or mid term trading, people who wanted to have a quick gain, They are attached with profits that they already satisfied. There's no wrong though as long as you are good at dealing with risk management. Make sure to assess yourself and the manner you deal with this investment. You alone who can decide if setting up limits or aiming for much higher profits is much better for your money. Long term folks are also taking profits, why you shouldn't take profit? For me, even you're a long term person, you have to take profits. Don't miss any single run that has generated you profit, you can always buy back at a lower price as the market usually goes with that pattern. |
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@jrrsparkles I agree with this strategy. Even I prefer selling at the peak as the best option for a bitcoin exit plan.
It's much better to have selling points than to exit. As long as you've got a hold of bitcoin and it's market value keeps on increasing. There's no point in exiting. You can compare this if you've thought of this for the past years and you've sold at a said high of $1000 or even $100 when its price was cheaper before. Then looking at the present, you just made a bad decision for having an exit. |
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You can always start with a demo account, especially if it is free and the manager is ready to help you, as with Amarkets, so you can buy it and then go to a real account.
Its a good start to use demo account but I don’t think any manager will help you because there’s no such thing in crypto exchange and you should not depend to anyone. Understanding trading takes time because you need to consider everything, you have to set up your capital, your goal and your strategy. In trading you should be more responsible, learn the process and don’t think for any easy money here because trading is too risky. It's not actually about the demo account that he's saying or any manager. He just wants to give that much visibility to that product that he has said. Mostly in that type of website, they're helping for support concerns not in actual trading. |
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IMHO. It's actually a good policy if they want to let all of their people trade only with the exchange that's registered under their government.
They just want to have these exchanges register under their government so they have the advantage of taxing these possible exchanges that might start their office in their country.
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You might go as well into freelancing sites like Upwork. You have a large set of skills to offer although there's competition, I think that you can get a job in that niche.
It's not just Upwork where you can find those clients that are needing your skillset.
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What are some of the best ways to learn more about trading?
You do the trading actually. You'll start to learn a lot of things from losing to adjustment and taking risk and it goes automatically as you learn because it will set as your foundation. |
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It should be understood that bitcoin can be really endless, or it can burst like a soap bubble and then everyone will surely be surprised  I won't say that it's endless, there could be an end for it but it can't be seen for now but the fact is that it's here to stay and people shouldn't be thinking about its ending. We're far from that to happen or it won't be seen until our life ends. |
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What effects, both positive and negative, does the fact that a substantial proportion of people that invest or get involved with Bitcoin in the first place, have the intention of making profit in a fiat currency as their primary objective? There are many people who do not fall within this category and many, who start in this manner, that then take on other ideals and ambitions. There are also many who want to "cash in, cash out".
It's the reality. We all are going to cash in and invest and aims for a better cash out as our bought bitcoin goes up in value. Everyone has that goal to make money after investing in bitcoin. Nothing new to think about it. |
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Many who consider trading to be a game then pay a high price for it. You should be prepared for the fact that this industry does not forgive such an attitude.
As usual, money making is just a game in description but it's a serious thing such as trading. It's okay, that's basically normal to have that description in mind that it's just a game. It's not a big deal. |
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That's actually fake news IMHO. We do read a lot about people able to pay for things with Bitcoin, pay bills, settle real estate etc. But in reality ask anyone who has BTC and most of them are like that (or like me). Yes I do buy things with BTC but 90% of the time I'm selling it for fiat and then using it to pay for things. It's just more manageable in this way. And if you ask me, and others I'm sure we'd love to hoard much more than we sell, if we had a choice. Reality is often very different from media and from what people say. When was YOUR last BTC purchase for example?  Sometimes there is no choice but to sell if there's a call of need. But, I'll choose to hold more than what I sell and as much as possible, those sold bitcoins that I've got, I'll do something to recover them at least so that I'll have a better position if another bull run comes. And I guess, that's true for a lot of us here especially during this pandemic. Some are here to earn money to supplement their basic needs. So what they do is convert whatever crypto they received to their local fiat and use it to pay bills or buy their necessities. Though a lot here also are still holding but I believe a large percentage are actually spending it to their needs. But definitely, if we have the choice, as much as possible, we want to hoard or hodl or whatever you call it. For the hope that one day, it will increase its value. It is the actual situation of many. I've read many stories that they have to do that because for the sake of need and they have no option. With the pandemic hit, their savings were no longer there and they have to touch their saved bitcoins just to survive. |
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That's actually fake news IMHO. We do read a lot about people able to pay for things with Bitcoin, pay bills, settle real estate etc. But in reality ask anyone who has BTC and most of them are like that (or like me). Yes I do buy things with BTC but 90% of the time I'm selling it for fiat and then using it to pay for things. It's just more manageable in this way. And if you ask me, and others I'm sure we'd love to hoard much more than we sell, if we had a choice. Reality is often very different from media and from what people say. When was YOUR last BTC purchase for example? Sometimes there is no choice but to sell if there's a call of need. But, I'll choose to hold more than what I sell and as much as possible, those sold bitcoins that I've got, I'll do something to recover them at least so that I'll have a better position if another bull run comes. |
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Pandemic is good for bitcoin, when the pandemic makes many companies close then this has a direct impact on stocks, of course stocks will drop and investors immediately switch to other types of investment, based on many sources, the performance of bitcoin and cryptocurrencies skyrocketed during the pandemic.
There's a drop of stocks while the pandemic is emerging but many have recovered too. That's the same with bitcoin, it has made a good run while it is on the pandemic. Which allowed everybody to look at how cheap it was pre-pandemic. |
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Somehow the ban of China FUD still did a little impact. But even it's there, we saw how the massive recovery that has happened and with those said factors, it's likely that we're going to see more of this. it's Bitfinex printing USDT out of thin air , and pumping in $100 million in 5 minutes .
SEC should audit those frauds at Tether .
I have found no news about this, you have some valid and recent source for this? |
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I'm sorry for asking, but which country are you from? It's just that chats are usually created by country or at least by the principle of knowledge of the language.
No need for that. It's everywhere and anyone can do that in an instant in different messaging platforms. That's why if you search for such groups, a lot will appear on telegram and even on other social platforms. |
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A lot are good traders but still, they can't be sure with the outcome of their trades that's borrowing despite being good, it's still not recommended.
You trust yourself and experience.
But it's not an advisable thing to do.
Yeah its not advisable but there are people who could really afford to take risk whether they are aware of it or had already make out preparations incase things turns out to be bad. Even myself couldnt really that afford on taking up some loan just for me to have a capital on trading.I would instead wait up for having money and do my best to make it grow instead.Trading is risk and results or outcomes wouldnt really be that always on positive or turns out to be profitable. Yes, they are those people that have strong guts. But not all of them are taking a successful attempt in making that loan grow. I avoid to take a loan for any investment that I see even if there's a potential. Even it's just 1% of risk, there's still a chance that I might lose and that's a double loss if the money I've used is loaned. |
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Great idea.
Another natural source that will be used for mining, I guess it will be great that they'll have to be natural method for it and maybe the specialists about the green energy would love this.
Or they'll still say something negative?
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