The main factor destroying my transaction is the rush, impatience, not waiting for the market to grow, the market drops. I always fear, so I sell my coins at the level. low price.
Well you probably should stay away from crypto if that's the case because you seem to be expecting short term returns for your capital. Definitely you'll have a hard time coping with the market movement and trading in general that way. |
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Actually most of the trader who trading altcoin are moved their coins to the wallet because exchanges site is prone of hackers because most of the hacker wants big money and exchanges site have that because of the traders money. But it's up to you what do you prefer.
Well logic would dictate that if you're not actively trading your coins and prefer to just keep it for the long term, then put them in your personal wallet. Coins in a exchange pretty much belongs to the exchange itself. And there have been many instances in the past were can learn from. |
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Hodl only if you bought coins cheap, not when you baghold lossess. Make sure to fold them when the trend reverses. Avoid getting emotionally attached to your bags. There will be new and better investments in the future.
Well it goes both ways for me though. Bitcoin and ethereum are for long time hold so regardless of what's happening in the market right now, i'd close my eyes and stick to these coins probably for a year or two. For alts, i'd gladly heed your advice :p |
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day trading is more on skill although some sort of lucky things because if you have the skill but the market is not on your side then how would you able to trade successfully right so skill and luckiness are need to have a successful trading.
Yes I believe that you need a lot of experience & skill tobecome a day trader because it so risky a single wrong move can cause losing your capital but also you need some lucky to earn huge money and take note always take profit even it is small dont be greedy  Well luck applies to everything and it's not entirely up to you and your decisions. Skill on the other hand, comes from a lot of aspects including experience. Day trading is something that leans more on the latter. |
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Forex and crypto currency are very different but these two are good for making more profit. But my choice is crytocurrency because it's very easy for trading
Crypto trading is not that easy too but it is still far more better than forex. I didn't attempt to trade forex because the required capital for you to have profit is quite big compared to cryptocurrency trading. I understand better how the crypto trading works and I don't want to attempt leverage trading because I am too noob for that. I just prefer the traditional buy and sell in crypto. Those who have been trading in forex successfully maybe successful in crypto trading as well because they already know how to control their emotions. Well let's just say that the crypto market is a lot more volatile than forex hence more movement, so chances of making profit would be quicker with probably bigger earnings. But being more volatile, it's also more risky. So it depends on how much of a risk taker the trader is. |
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When you are a newbie you can refer to something on tradingview.com 1.Technical: RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time. Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels. You should buy (support) and sell (resist) around these areas. 2.Chart: The result is Bollinger Bands. You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bandsThese are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money. I am also a newbie sharing knowledge so expect people to help. Thank you for reading  These are basics that newbies can learn a lot from though application is also very important. That:s why aside from doing studies and rsearches and keeping yourself well informed about the essentials, you have to familiarize yourself with what you're doing. |
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stupidity is so close to poverty, do you agree with such a phrase? if it yes, means the poor are the fools. I want to know your opinion.  There is an opinion that people with low incomes live worse either because they are lazy, or because they are stupid and do not understand how to properly manage their time to earn more. But what if it is not stupidity that makes people poorer, and poverty is more stupid? And is it fair to say that the poor are by definition less developed? Poor people make bad decisions not because they themselves are bad, but because they live in a context in which anyone will make bad decisions. It's a foolish way to see things. Some people are simply fortunate enough to have a silver spoon the moment they're born and some people doesn't get as much oppoertunities in life as others no matter how hard they work. When it comes to this, there's always a grey area since we don't all have the same circustances. |
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I loved Dec. but now the bear cycle came down on us so fast like an elevator. So what does that mean for the near future are we taking the slower stairs back up for BTC?
I'm glad we had double-digit growth couple days ago, but now it's like so slow and not just busting through $9-$10k.. what the heck BTC.
What are your thoughts, elevator down and stairs up or not?
The market is volatile so you should always expect some changes in the price, the only problem is your patience because most of the people in the market are losing their profit due to panicking. And it's always been like that and personally, i'd prefer it to be that way. Think about it. December last year we took the elevator going up. That didn't end well for a lot of people since the elevator going down took a longer time. |
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congratulations, there is something to be proud of. and even more joy probably delivers something that could earn in a falling market. any secrets?)
There are no secrets when it comes to earning money in this or any other market, the only option you have is to work hard in order to reach your goals, many people say they are willing to work hard for their goals but for every 10 persons that I have heard saying that to me only one of those people actually did something to accomplish his dreams, so if you want to make money in this market you need to work hard and never surrender no matter what. Well it's not just about working hard but working smart. If you think about it, in crypto, working smart will take you further, probably in most things you do in the the digital world. And it can change your financial condition if you're smart enough to know how to take advantage. |
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The key is our wealth key!
Save your key to hold our wealth, losing the key means you lost your cryptocurrency!
The key is the most critical information, be careful to save!
Well it's not only about the keys, your wallet's pretty useless if you don't own that much crypro lol. What makes you poor would be poor decision making and letting your emotions take control. The number of people losing a lot in making trades are way more than those that had their wallets compromised. |
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This is seriously making me consider relocating. Especially if I make a lot of money on Bitcoin and don't need to be stuck in one place for work. Rend is so much cheaper in most other places, compared to where I live. Very cool website to know about.
As the cost of living with what you are in the country, in my case I live in a fair and good place where I can say that I live on average. The cost of living also varies from the minimum and maximum wages your government has resolved. The best thing about it is that when we have a lot of money on the BTC and financial freedom, we are very happy. Considering you aren't paying any taxes yet with your bitcoin profits lol. It can come to mind since dealing with crypto doesn't have as much requirement as having a real job. Though of course, aside from relocating for cheaper cost of living, you also have to consider the stability of your income in crypto. |
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I feel that sharks (Big traders) haven't collect enough Bitcoins. You can see that there were scandals when Bitcoin price rose. The scandals were exchanges hacked, China suppressed Crypto, etc whenever Bitcoin price up. It's not a good news for Bitcoin and prevent price rise but it still rising, is this a signal that Bitcoin coming back ? How do you think about it ?. I want to know your opinion . Thank you For now, I think It should be the start of bulll market because If we just notice bitcoin now preformong well, but just like before It will not last longer maybe It will take only 1-2 months and after there will be another correction of the price. And sharks or better yet, whales, have a lot to do with that. Sudden pumps or dumps without any significant reason behind it can be pointed to these people. I think majority of us in the crypto community believes that bitcoin price can and is being manipulated at some point. |
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Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.
Like what other said its so impossible for crypto to replace fiat first things fiat has a historical value in any country, government are againts to cryptocurrency but whatever happen its all depend on them, lets ride with the situation as easy as you imagine. Well fiat started out somewhere and probably replaced a more prevalent barter system back then. The problem is that barter system and fiat both deal with physical exchange. And we know there are transactions that require physical exchanges. Crypto may well be a major form of currency but there'll be aspects wherein it's limited to the digital world. |
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yes, I believe right now is the time for bitcoin to return to the game. It has been more than 2 months since bitcoin dropped below $8000. Right now, it has enough power to increase even higher than $10000. I hope that bitcoin will be at least $15000 in the end of this year. We have been waiting too long for this
Yes i also have good expectation from bitcoin price to grow, i think that the price has not start increasing and very soon bitcoin price is going to cross 10000$. I think that we should continue holding our bitcoin for some more time to get a good profit from it. Well we're all hoping that happens especially those that got stuck above 10k and are holding up to now. I just don't want to be complacent about this ongoing rise since i've seen a lot of times these kind of runs proved to be a fluke |
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If Satoshi Nakamoto is watching how its creation has turned into a different path, he might be doing something to make its vision on his whitepaper to come true. Instead, bitcoin has become an investment scheme that turned people's lives to be better.
Satoshi nakamoto is just a screen name and the person behind cryptocurrency is anonymous, i believe that the person who invented bitcoins right now is very rich and hiding somewhere. Yeah indon't believe satoshi nakamoto is a real person as well the the guy or the people who created btc may have even intended bitcoin to be like this. We'll never know for sure but i don't think it's time yet to consider btc as a currency. Probably not in a couple of more years. |
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It seems to me the main reason why the state loses cryptocurrency is the loss of control over the economic sphere. Since the nature of bitcoin is contrary to the nature of statehood.
Well if regular people can take advantage of cryptocurrencies, why can't politicians? I mean, it's anonymous nature cam be of well used for corruption. Let:s face it, as it stands, we can't run from corrupt politicians running our country. |
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Because BTC is quite risky, there may be many risks that we can not control, which makes many people afraid to hold BTC rather than holding money.
I don't think it's because of that though. The thing is, almost all needs and necessities are still mainly acquired through fiat purchases. Even offline btc purchases needed to be converted first. |
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There are so many cryptocoins popping up everyday and most of them will die without any product, better to do research before investing
Exactly. Everyday there is a lot of electronic money, this is a lucrative opportunity that investors are very interested. But many bad guys take advantage of this opportunity to create projects to scam the market, take all the investment money of people. Be careful to be careful before joining. Well that should be automatic for any sensible person if he's going to invest in something. Though the crypto market opened up a lot of opportunities for investors, it also gave scammers another method of taking people's money. |
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Yes i agree, not everyone having a success by investing in bitcoin, even the project is good and i have already made a research about it but at the end there are some reasons that cannot be avoided and the project did not hit the target and they are not becoming successful.
Yes, and thats the part of the game here in crypto that is why controlling our emotions is a must for not easily get disapointed ,one factor that can contribute to the word success is the one who knows how to balance emotionally and it will go through out. Everyone being lose in this game doesn`t mean any chance, this was just the beating way of traveling our investment. However, the good thing is that investors are optimistic even when huge loss may occur. Still be positive and always think the right way... And it's not only with crypto. Any invemtment, whether it's in stocks, or real estate or any other, there will always be losers. It's a risk and risks don't always give you positive results. |
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A politician in my country was able to purchase 275buses in my country for his party in his bid to win the national secretary but the same party is in power and hospitals admit patients without beds.So I ask,will this country continue to exist? Honestly ,am afraid for the future of this world due to the high corrupt activities.
Actualy in my country there so many politician doing this kinds of activities,corrupt and doing plunder into there homeland,thats why its only a natural everyday we face and we heard this kind of news,definetly there so many politicians now are been imprisoned and go in trial about this kind of case,but in other country once a politician became convicted they commit suicide into there own life,like in the country of japan. Well i think that already answers your question. Bribery is always connected to corruption and corruption is often the reason for a country's demise. A few people's greed sadly affects majority of the people. |
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