Fear of going into the experience, for the next time to start will be easier and faster.
I invested some currencies in the year 2018 and I didn't sell them, I plan to buy more this year and I want to invest some money in some markets. I am waiting for a return from them to start again.
Investing is a game of profit and loss, and I do not fear loss. If you are investing your hard earned money then you should fear about the loss you could encounter if you are taking a risk, not sure what coins you invested to have a bold statement but trading is all about top coins rather than the shit coins we have in the market and you need to be careful what coins you are trading and bitcoin is the only coin that can guarantee a profit in the long run and that cannot be said about majority of the alts. That is why it is important to remove our emotional attachment to our money especially if it is our hard earned money. Make sure that amount that we will put in trading is the money that we are willing to lose which means that we will not get depressed if we will experience losses. Fear is normal at the beginning because we are still do not have enough confidence to ourselves, but if we want to be a confident trader then we should have courage and determination to study and have knowledge about trading. It is normal to have ups and down in trading because there is no perfect system. Losses are inevitable but we can lessen it if we have a proper risk and management. Being a trader is fun because I always surpassing my limits where I constantly learning and growing. |
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Stop spending money for unnecessary things and act as if the only money you have is only available for primary needs like food and other necessities even though you really have the money to buy more than that. Save as much as you can or better invest to something with a guarantee of return in order to make a profit out of it.
This is the best we can do in order to help but there are those people that either have enough money to spend for their family or doesn't have enough. The government should always be ready in these kinds of problems but they are used to face social and other problems and most of the time they make wrong decisions. While rich people are swimming with alcohol and toilet papers, most of the people are struggling to get some of it. Saving money is not enough since you will still be using that if time comes. Why not put that money in something that could generate profit in the long run so you will not just rely on your salary to save, you can save and at the same time, you have an investment. It is about financial literacy after all, the people who are mostly suffering in this current crisis are the people who are not financial literate where they do not have enough knowledge about budgeting, saving and spending their money. They do not have savings because it is not their priority and they are now affected because of the crisis. It is sad to see that there are also people who are blaming the government even though they are the one who are wrong because they do not give a care to financial literacy. Our future depends on what we do everyday, if we improve our financial literacy; there is a high chance that we can survive on the crisis that we may face in the near future. |
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I usually spend my bitcoins through paying bills and buying some load for internet. There are now a lot of businesses that are now accepting cryptocurrencies because of its unique features that surpasses the current payment system.
I do not spend a lot because my goal is to increase the bitcoin that I currently have because I'm psrt of the people who believe that the price of the bitcoin will increase in the near future.
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There are a lot of traders who are usually making the same mistakes over and over again. And the main reason why they keep doing it is because they do not journal their past trades. We should be aware on how journalizing can help us to make better trader. Journalizing our trades can improve our skill and also to find out the mistakes that we keep doing over and over again. Mistakes are normal in trading, what is not normal is if we will keep making the same mistakes when we executing our trades.
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The market isn't looking as what we think for Bullrun this month, not even sure next month. What I was thinking to see it late this quarter or early days in the 4th quarter. Yes, we all know the market is truly unpredictable but the base of what is shown in previous years, mostly we saw pumps at those particular days and seems to be possible at this time.
But somehow we understand the current situation and to believe that it will affect the trend.
I don't know how halving could influence the market situation that is why I'd never expected and think of it until we saw recoveries of the global economic situation.
The current trend is in sideways and we can observe that the price is consolidating inside a box, the longer the consolidation the better. There are now also spikes of volume that can be a good thing because it indicates that there is something cooking where maybe some whales are now getting massive positions. I do not know why many traders are relying to specific month for them to identify trend, it is better if we will identify the trend through market structure and not relying on the time or specific month. |
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Trading is not a competition with the other traders but it is a competition between you and yourself. What I mean is ourselves is the enemy when we do trade, trading psychology is vital if we want to have super performance in trading. There are a lot of many people who have knowledge about trading but they cannot execute it properly because they do not have good trading psychology.
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I do not rely on finding good campaigns nowadays because the golden era is officially over, it is now rarely to find a good ones that is why I do not want to waste my precious time just to find one. I focusing now in cryptocurrency trading where the opportunities are everywhere but it has a high risks that is why I manage my risks very well and I do not oversize my positions.
There are a lot of information in the forum that you can also get in order for you to have side income, I learned how to trade by reading suggestions and comments in different threads but it is not enough and there are a lot of information that you need to learn if you want to improve your skills and your knowledge.
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So whats your insight about this news? What will happen in bitcoin ?
I knew it already that this will happen. They criticized Bitcoin in the past years and many have declared Bitcoin is dead already. These bank owners are spitting shit with Bitcoin and now this pandemic happens and they will support Bitcoin and will use it in their Banking services. I'm happy that they've supported it but I know that this will not last long as I don't trust any banks. They just added it so that they will have some money to use for the pandemic. They added Bitcoin exchanges because the value of dollar is slowly withering already. I don't fucking trust these bank owners who criticized Bitcoin at first then now they are supporting it. I'm just kinda frustrated with them. I know that this will be a good news for the holders but these are banks who are the greatest enemies of crypto. Most of them are against to it and now they are just supporting it. They are now supporting it because the bankers saw the opportunities of accepting cryptocurrencies. In these past years we saw how did they warns the public about making investment with bitcoin and some cryptocurrencies. They keep insisting that it is a bubble or it is a scam so stay away with it. They are also destroying the image and spreading fake news but now it seems that they are willing to give support to change and upgrade the current system. The banking system will eventually crash in the neae future if there will be no specific developments, investors and its customers will decrease gradually if it happens and that is why there should be change that they should now do in order to improve their current system and avoid the next crisis. For sure that they will agree that bitcoin and the blockchain technology is what we need in this Information Age. |
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If we will follow and observe the long term movement of Bitcoin, it shows already that it is very bullish in the long term.
Even though we see some ups and downs of the price of Bitcoin, long term it remains bullish. It is expected already that there are ups and downs in the price of it. There are some instances where it will pump hard and then make a year of hell where it will be a year of consolidation like what happened in 2017 and 2018.
Right now base on the analysis, the 200 Daily MA is the strong support of Bitcoin. Going down below that line will lead to more downward movement. There is also a psychological support of Bitcoin at around 10,000$ and breaking that price and staying above it for a long time will lead to another rise.
If you will look at the daily chart, you can see that the trend is bullish because it recently breakout in 20MA which is considered as dynamic short term resistance. But if you will look in its weekly chart, you can see that the trend is in sideways and the price is resisiting in 50MA. If there will be crossover in 20 and 50 MA in weekly chart then we can confirm that the trend is already bullish again and we can expect massive rally in upcoming days or weeks. |
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I think it will be longer with contact sports like this.
NBA might even take longer since the number of positive Covid19 patients is higher in USA.
Although they already letting practices to happen, when it comes to the real game it will be difficult since they will be in contact with other players and sideline personnel.
For the vaccine got failed provably that will be happen their hopes cut when this news came WHO suspended hydroxychloroquine trials and might the whole physical sports will get affected with this since the Covid-19 still hitting on, And I truly believe that there's no game gonna happen once theirs no vaccine produce. Maybe next year we can see the action again and lets hope for it. Just calm down and be optimistic, we will wait for the progress next month, if boxing event will resume, then probably NBA has a chance to resume too, boxing is a contact sports too, same with basketball, so if possible with boxing, it can also be done with basketball. For me the possibilities of the returning of the NBA in this current year is too low, the U.S.A has the highest death toll because of the virus and it already reached 100,000 deaths in all over the states. I'm sure that the management of the NBA will considered the risks and there is no game that will happen as long as their is still no vaccines that are been developed. According to Trump, the scientists of the U.S will create the vaccine but it will take more time and the forecast date is January next year. I also now too bored in the house because I cannot bet in sportsbook that I always doing before. I am sure that there are many betters like me who are now trying different gambling games to kill the boredom. |
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There is a recent tweet by Robert Kiyosaki about that issue where they say the printing trillions of money can become solution to revive the economy. That is also the reason why he encouraged the public to buy bitcoins than to stay and hold cash. I'm sure that there will be hyper inflation that will happen especially if they will keep printing trillions of money. We should remember how the law of supply and demand works in every types of economy.
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As time passing by, the victims of frauds and scams investment all over the internet is keep increasing. That is why government are also tackling about the laws and regulations about implementation and legalization of cryptocurrencies because it have disadvantages. People who will make investment with cryptocurrencies should be aware on what is legit and scam projects in order to not victim. We can avoid investing fraud projects by becoming intelligent investor where we have information about the project and if it can give us return or not.
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The most remarkable lessons that I managed to get because of bitcoin investment is that the expensive price can become more expensive or what I say buying high and selling higher is a good strategy. I became a momentum trader because of the price actions of the bitcoin back on 2017 where it achieved its current all time high. But we should remember that managing risks are important so we should not recklessly put money on something that we are not fully understand.
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The answer will be subjective because we have different goals after all, but there are things that hodlers do not understand first and it is the identifying the trend. There are just buying and telling to themselves that they can be rich in the future by holding bitcoin but that kind of mentality is sucks especially for those who do not fully understand trading.
The best time to buy and hold is when there is a certain event which is the trend reversal where the downtrend will become a uptrend. It is the best time to accumulate bitcoin but there should be a risk management in order to handle unexpected situations.
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It will depend on your qualifications and skills you will invest or trade. Both are exactly if you can choose the right currency at the right time before investing. Otherwise you will lose your assets. I trade myself. In my experience investing in shitcoins is very risky. But I think it's safer to invest in Bitcoin and Ethereum.
I don't think about qualifications but most important is that we have knowledge of crypto. It won't be hard for you to decide which one but must have to think deeply considering that your capital is not big enough to cope with both trading and investing. We understand the higher risk in trading and if you are afraid to take the risk, investing will the right choice for you. But don't think that it will give you an easy and quick return, of course, it also depends on the market situation and on how you manage your funds. By having knowledge about what we are doing, we can have advantages which is lessen the risk and increase the chances of making money from the money that we invested. The ideal investment that we should make is something that we should full understand. Before we put money, the best thing that we should do is to have information first about the investment that we will make. Most of the investors or traders are losing money not because of the risks but because of their lack of knowledge and experiences. |
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Of course, the probability of suddenly getting rich, catching luck, participating in trade, or investing in a project becomes less than it was 5 years ago or more. Nevertheless, the cryptocurrency market is still a chance for those who do not have sufficient resources, and even knowledge. When investing in cryptocurrencies, a lot of things are decided by the general outlook of a person, his philosophical and practical outlook and intuition. In this case, even an amateur in trade, may be the winner by correctly identifying a promising project. Bitcoin in this sense, gives less chances, it is becoming more academic in terms of trade and conservative in terms of technical capabilities. Mental problems, in my opinion, are the lot of professionals and overwork. Here I agree with one of the speakers. Adventurers, as a rule, easily accept both victories and defeats.
I am absolutely sure that the vast majority of newcomers, and even without knowledge, will only lose the deposit. The only option when you can earn money on the crypt is to make shitcoin  , and throw it on some exchange, merge coins, and go with the money into the sunset. They instantly lose their money because of they thinking of get rich mentality, they are buying shitcoins that doesn't have value anymore because it is look cheap. Newbies should have knowledge first before they put their money at risk, it is better to stay away first in the market especially if they have still no foundation about trading and making money from the market. |
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I'm sure in 2140 no new forum ranks will be added to the forum and there will be Legendary with 100k earned merit.
How do you imagine this that only who will have earn 100k merits will be Legendary?  People will not earn 100k merit due to their age They will die there will not any change in merit systems. 2140 is a very big way from now. we all (current members) will die according to our Life expectancy. So better to write in our diary about there is a bitcoin forum during 2020 for the next generation instead of thinking how will the forum in 2140. It is better if we will focus on the presents rather than being curious on what will happen in that year. 2140 is a century from now and for sure we are all dead in that year. There are a lot of improvements that we should do in order to have more information and also to have an access to it easily in order to see the developments of the forum. The good quality posts are keep increasing over the years and that is good because as long as many members are learning from it. I'm sure that we are in the good hands of the moderators and administrators so we should expect that there are many surprises or big developments in these following years. |
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How many indicators are you using? it is really hard to understand what the chart is. Simplicity is the key to mastery in trading. In my own analysis, the price is currently consolidating with a bullish bias between $9150-$9960 per each. If there will be a breakdown then considered that the price may drop but the good thing is there is still no breakout and breakdown that is happening. The price is currently trailing at EMA 20 and it is good for me as long as the price is above EMA.
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I don’t know about anybody else but I’m perfectly happy with the way it is at the moment. I access the website on my phone all the time & I don’t have a problem, I can find everything easily.
I’d probably hate a tacky, modern style app & I’d probably hate a new modern website too, I’m perfectly fine with the current set up but I’m just one person.
I do not also see a problem accessing the forum through mobile, I do not think that the moderators or the administrators will plan to create a mobile app because of the security and also the features that requires changes. I get used to it after all so accessing using mobile is not a major problem. I now imagining if there will be a mobile application of the forum and for me it is not good. Accessing through web is still the best way to read and posts different topics. |
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Instead of worrying about about being killed by the pandemic you should relax and think how many people that you know got sick and died. You'll realize that there's nobody around you who is sick and suffering besides people who were sick and suffering aleady before the outbreak.
The first step to feeling good and confident is realizing the position you are in and seeing the possible ways out of it.
If you woke up and realized you've been burried alive you would gave reasons to panic because the situation would be dire, but as long as there are ways out you're fine and shouldn't worry.
We can attract negative things if we will continue to think things that are not good for us, In this pandemic our mental health should be our priority. We should control our thoughts because for sure it has effect to our current mental health. I realized that this pandemic is the best time to heal and improve our mental health. There are a lot of people who are damaging their mental health and I think it is tge main reason why they are experiencing bad things. |
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