For me crypto is a second job or sideline. Crypto is a popular innovation in finance. I spent part time on crypto because I was sure of the benefits I could get.
We are in the same boat mate. Since my first venture in the cryptocurrency market and in everything cryptocurrency-related, I have treated all my gains and earnings like extra money coming from a part time job. It has been very helpful to me to provide extra income to answer for my needs and my family's as well. |
|
|
|
I think most of the peoples are loose the money and few of the peoples are earn profit. So not everyone loose the money because still many day traders are earn more profit in every day. But my point of view no one loose the investment because we are buying the cryptocurrency and value is down but we have same percentage of coin so again this will going to raise in soon that day we will earn more profit.
I agree. Although not everyone is experiencing losses, I do not think that everyone is losing money all the same. I say that because many people choose to be patient when the market is not doing good. Although prices of many coins are going down, one good way to counter that is by hodling your coins and not giving in and selling it while in panic. |
|
|
|
You have a point there but if Bitcoin losses its value, it will neither be an asset or a currency. I think the purpose of those issues with SEC is not to make Bitcoin centralized but to help it to stop market manipulation and scams. If you are a whale in cryptocurrency, it is very easy for you to control the market. Maybe that is one of the reasons why there are lots of debates regarding Bitcoin and its decentralization.
Well, right now, and for the foreseeable future, I think that Bitcoin would keep its value and keep on going further. It is just a good thing that turned out to be a good development that cryptocurrencies somewhat evolved to also be an investment medium and not just another plain currency. I think as more and more changes the cryptocurrency market would undergo, the more evolutions and uses as an asset it will gain. |
|
|
|
We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
I spend time because of the fact that I want to make sure that I study each and every action I make in order to make may investments successful. The market is so difficult to be successful in these days that you have to really look into each detail to make your ventures have a higher chance of success. In doing that, it will make every effort and time, and especially money, you have invested in worthwhile. |
|
|
|
Do you ever feel like you're overly obsessed with cryptocurrencies or trading/investing in general?
Personally, I'm fairly satisfied with my investments/decisions so far but yet I'm looking for market opportunities most of the time. I think that's mainly because of the fact that majority of my time browsing the internet I watch related content. I'm passionate quite passionate about it.
Over time it kinda makes me feel depressed that I don't make as much as I possibly could or others have better scores (some unhealthy jealousy I guess?), so this "paper-chasing" has become a target itself.
When I want to take a break from all this stuff for let's say a month or week at least then I'm not able to because I'm afraid that I will miss out on something.
On the one hand, I have made investments in projects I believe in so I could leave it for few months even and then back but at the other hand, I'm still not quite sure about my diversification so I keep watching the market.
Can anyone relate?
I wouldn't say obsession because I can still control myself in terms of the activities I do in the cryptocurrency market. Also, once you have invested your time and effort, and most especially your money in the market, it would be hard not to do anything and everything just to help your investment become successful in the end. Also, as more and more negative things are happening in the market, seeing the market and studying everything that could help you at least get some leverage to gain success is still a better move than just sitting around and waiting for the tides to turn. |
|
|
|
technically it is not natural to have a fall like this when everything is going fine and there is a lot of positive news around signalling rise but then the market moves in the opposite direction. there must be something unnatural happening that causes this kind of drop out of nowhere!
but of course the panic is not justifiable either.
That's what I am hoping for as well. I think that even if it falls for long periods of time, I try to keep my hopes up in believing and thinking that the market will recuperate and will again surge back and gain what value it lost of the months that it has been showing sings of loss. However, I, together will everyone in the market, is very afraid on what might and could happen because it's really hard to keep your faith, especially when everything around you is shouting out negative things and the market itself is crumbling to pieces. However, since I am a true believer of the market, I just try to be positive. |
|
|
|
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I agree. It's onset and invention was geared to have an alternative or another option so-to-speak to pay for good and services. Although it has long since evolved into other users such as a means of investments, it can still be considered a currency because it possesses value in order to be used as how money is used at its most basic way. Having said, that characteristic makes it a currency together with its other uses. |
|
|
|
I mainly use it for long-term investment, I am very optimistic about the value of ETH.
Me too, I have some Eth on storage, and I am honestly sweating bullets right now because the value of Ethereum has been dwindling for a couple of weeks now. It's around 360 dollars at the moment, and that value is really low, especially considering the original value it came from. However, since Ethereum is still one of the better coins around, it's still better to be patient with it and hope that it can go back to where it was. So, to answer the question, I use it for long-term investment as well. |
|
|
|
Bitcoin is taking a huge plunge!
Are you guys selling to be safe, or still hodl in the hope it will go up again?
I think the current trends are affecting Bitcoin movements very negatively at the moment. However, I would not agree for you to sell any of your coins, especially Bitcoin, because right now, such move would not bring out anything good. I say that because there is a big chance that you have bought those coin in a price that could not see a return if you sell your coins now, especially since the market is not doing good. Like most people would say, the better move to do is still to actually be patient and wait out the bad situation to improve. |
|
|
|
As we all know, stock market had been there for a very long time now and on the other hand, cryptocurrency is a fast rising trend when it comes to the world of trade and commerce. Some may prefer to invest in crypto because of high returns but some will still go with stock market and play it safe.
In your opinion, what will be the best option to invest your money on?
That depends on which market you believe in, and which market would actually give you the ever moving profit. For most people here, I think cryptocurrency would be their choice because of the fact that it is a start up market that still has a lot of potential to grow and improve. However, you can't also discard the stability that the stock market presents, especially for a person who wants to at least safeguard their investment to at least make sure that it will give a return. |
|
|
|
Getting emotional for your money is normal but minding it for so long isn't. Getting rid of your emotions while trading might broke you. The right way to manage it is to control it example trading dedicate yourself into giving you heart and mind to pick the best suited for you being emotional on your loss won't give you knowledge instead learn from your mistakes and strong dedicate yourself from learning and soon controling your emotions will be natural.
I would agree that it's normal, and you can't really stay away or be a rock and not be emotional about doing things, I think the better term is not to "get rid" but to control it in such a way that it would not have any significant effect on how you decide on things, whatever the situation is, especially when you are losing some investments or even after losing a trade. The more you can handle and control your emotions, the better your eyes can see things objectively, and having that keen and open eye, could guide you to choose better deals that nonetheless would be difficult if you are blinded by emotion. |
|
|
|
Analysis : Blockchain, the technology behind Bitcoin, is predicted to be the leading technology in the future, but this technology will become obsolete.
Is it possible that bitcoin will be obsolete in the future?
I have come to learn that everything in this market, and even if Bitcoin is actually the most powerful coin in the market right now, there's always that possibility for it to die down and lose its value. I think the more coins that are rising up, the more competition it would give Bitcoin, and there would always be some of them that could give it such competition that would give it a run for its money. Well, right now, there's no such coin yet, but if there would be more development and support from developers and the community, then there could certainly be more coins that could rise up near the level or even passed the level of Bitcoin that would make it obsolete. |
|
|
|
We need blockchain technology it is something new unique and beneficial. Do we need all shitcoins and useless project based on blockchain technology? Not really.
But market and life will verify everything, worthless projects will be abandoned and die out, there is no need to worry.
I am sure that people were asking the same thing about the internet - why do we need it when there are so many useless websites around?
I agree. Based on the definition of "technology", which are innovations to make life easier and better, whether it's on items or appliances or improvements in the current tools that we use. All these technology are usually helpful and are innovative in such a way that it can make things better. One such technology is the Blockchain technology, it's a new way of backing currencies like cryptocurrencies. And so, although it's usefulness is challenged because of its instability and the many negative news swirling over its head, it still has a good potential to be a helpful technology with more support and development. |
|
|
|
Saw this study on twitter... https://twitter.com/Zeex_me/status/978981735101878272I've seen a lot of people asking about how many legit ICOs there are, so I thought I'd share Quote from the article: "The study begins by breaking down ICOs into 6 groups: Scam, Failed, Gone Dead, Dwindling, Promising, Successful. “On the basis of the above classification,” they wrote, “we found that approximately 81% of ICO’s were Scams, ~6% Failed, ~5% had Gone Dead, and ~8% went on to trade on a exchange.” "Scams were defined by researchers as “Any project that expressed availability of [an] ICO investment (through a website publishing, ANN thread, or social media posting with a contribution address), did not have/had no intention of fulfilling project development duties with the funds, and/or was deemed by the community (message boards, website or other online information) to be a scam.” DYOR people ... I think, the better term is not "scam" but "failed" or "unsuccessful". I say that because of the fact that there are so many ICOs and projects that are popping out of the market day in and day out. And so, it's really hard for so many of them to actually penetrate the masses and be a successful project amongst all the other projects. I would just depend on the support that the community would give it, and unfortunately, if it won't gather much, then it is doomed to fail. |
|
|
|
I just wanted to know if anyone has theories about the impact of having bitcoin futures. Although there seems to be not many people shorting hehe
I would say that if Bitcoin and all other cryptocurrencies would steadily grow and prosper, upping its value and improving its stability, then it could have a big impact in the future of many countries, businesses and even people because it could be a great contributor of profit and could indicate how business and investments would move forward. Right now, everyone's participation in the cryptocurrency market is somewhat a gamble that is not a surefire hit just yet; however, we can't discount the fact that it has already provided so much revenue since it's onset, which makes it a really legit market. So, it has the real potential to impact the future. |
|
|
|
In my years of experience with bitcoin there is only one effective way to avoid scammers. In joining ICO even if you do your research you will not know that they are scammers until the ICO is over. Even if how many preparations we do or make in the end we still end up being a victim to scammers. The best way to avoid scammers is to no invest your bitcoins. Just hold it in your wallet and hold it for a long time and when the price is right you can sell them and you will have a good profit.
That's right. I think although it was useful to keep those above-stated means of protecting yourself from scammers, the best way to actually do it is to be disciplined and aware enough of what to avoid and stay away from. As this market is a big profit-giver, then it would be subjected to schemes and scammer attacks just for them to get some of the profit of people who won't be careful enough to guard their investments. Therefore, one should always be vigilant with every move he makes to make sure that before doing any act, he is secured. |
|
|
|
Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?
Will this remove their control or would it be just another payment option, like PayPal?
Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?
Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?
Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >
Let's discuss this please.
I would say that it can both be an instrument to either break or build a country's economy. I say that because if many of the investors, including corporations and business entities themselves would invest but would not succeed, many of the economy-building and profit-providing factors would lose it's capacity and that can affect the country as a whole. However, if many of the cryptocurrency investors would make it big and be successful, it can help the country by adding revenue, and therefore taxes directly or indirectly, which could be a building factor. |
|
|
|
While trading we have to follow few rules and without following those rules there is no way to be a successful one except a successful by chance. There are lots of rules of them greedy plays a vital role. While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a lessor.
I think, most especially when talking about trading, this is the best principle one can carry out. I say that because it's just too hard to be greedy in a market where you can really go after deals that would turn sour in the end. It's not that easy to be successful in the cryptocurrency market before, and now, it became harder due to the many unforeseen negative news that keeps on piling up in the market. If the issues would not be solved, it can be really hard for the market to recuperate, or it may take a longer time for it to do so. |
|
|
|
Of course, Bitcoin can be a world currency. However, Bitcoin is not valid in all countries. But seeing the popularity of Bitcoin,it will be the world currency for a time.Only the bitcoin has been known in all the countries, which could not make any other coins.Everywhere they are Bitcoin,world Currency Will be.
I agree. Although, right now, it doesn't have the capacity to be one. I think that it has a very big potential to be a global currency because of the fact that there are so many users of it all around the world. At least, if it can reach a level where more and more people would trust it and be comfortable with using it as a means of investment and payment, then I would say that that can open a lot of doors for cryptocurrencies to be recognized as a probable candidate as a global currency. Maybe not by as a currency that would replace some traditional country-based currency, but at least, a type of currency that could be used around the world. |
|
|
|
The first thing I did when I was learning daytrading was to become an expert on candle charts. There are 12 hr series on just this one chart alone. It has really is the one tool yo need to be proficient with as almost everything you see is a candle stick chart.
I somehow did the same thing too. However, for me, I binged read so many tips and guides that many seasoned traders posted. I also watched videos in YouTube and many other sources showing charts, graphs and how to follow market movements that could be relevant to day trading. It's not an easy thing to do though because when you are starting everything seemed to be confusing, so you have to really spend a good amount of time to actually patch all details together to make it useful. |
|
|
|
|
Show Posts
