...or maybe when he relinquishes his CEO title and hands over control
to his successor he along with the next generation might be a bit
warmer towards Bitcoin.
That is most certainly a possibility, I think the younger generation that will be his successor will have a lighter approach towards btc than Buffet, he is an old timer and believe in investment that have physical appearance or stand, btc is digital and can't be grasp physically, this is something that Buffet find confusing and can't accept, I really can't blame him though, not everyone from his generation gets btc and crypto in general but some just decide to go along with this magnificent technology regardless, Lol, describing btc as a 'Rat Poison' is so hilarious  right, everyone certainly has their own time, maybe he came to the conventional generation so it's still a little difficult to understand the digitalization era, although I think Buffett certainly has people close to him who are experts in the field of digitization, but the decision is still on the personal buffet. and we can't blame it, maybe later we will too |
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I tried crypto chipher for some time and i can tell it works but you need to have a lot of money to have good profit. Signal work and are based on trading analysis.
Why we need lots of capital to trade along with their signal? I am seeing 2 possibilities for your statement: 1. Either they may give short term signals so we need to have more number of positions to gain significantly. 2. Or, they provide signals for multiple assets at a time hence we need big capital to open positions in more number of assets. This way, some signal will work for profits and rest will lead to losses. But, overall profits will be possible as they cover more assets. An efficient signal provider must support even small capital based trader as well. But, I am also seeing some premium signal providers are sitting limit for capital to avail their services. But, I will not justify their rule. I agree, signal owners should also pay attention to small investors, which they also have to set up retails in order to have a solid community. sometimes if we think of small capital with a large amount in the end it also becomes big capital too. however, sometimes small investors are more sensitive and impatient to build strong foundations |
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To be honest I want to try scalping now so I have the same concern as you. But when I conducted research about its advantage and disadvantages, it will require me to monitor the market every minute because I may missed the price rise. In addition, emotions must also be set aside because it may affect in the way of making sensible, logical decisions. I also asked someone, he said it still requires analysis.
That's really a requirement when you are doing scalping. You must be there from time to time to monitor the prices. Because if you don't do that, you're not scalping but instead you're just positioning. But regardless what we call it, do the strategy that will make you comfortable and at the same time profitable. scalping does require special attention. but we can place take profit and stop loss if it is not in front of the chart. and as long as I do, I only see the formation of candles every hour, so I can still do other activities without having to think about the market |
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Always keep in mind that you can put it all in one and get a promising return, just like the investor who puts his life savings in doge and becomes a millionaire. It can happen if your promising project is like that, but you have to be firm on your decision because it doesn't happen to everyone.
Not just you, I am seeing lots of other people as well are taking wrong example with dogecoins. I am completely contradicting here for two reasons. I never suggest anyone to go with all in one, even with bitcoin-ling-term investments. Diversification is more important to ensure sustaining profits among all market and other scenarios. The second one is, what dogecoins provided to its investors is something mythical and it may again happens only in dreams. I am seeing getting into both investing and trading as a kind of diversification; so going for both at your comfortable percentage will ensure your progressive growth in your networth. I have the same thought, we don't know when doge will repeat history and soar higher. besides we focus on certain coins, indeed holding other coins will share the worst risk, so we won't panic if one of the coins is dumped. and one more thing that I think about, when there is a pump, then I will immediately release it to take advantage, because I don't like investing in the long term |
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A balanced time for trading/health improvement is a must for us and we should understand and always be mindful that health is more valuable than wealth. Don't stare at the PC and charts for so long go exercise your body and also improve your mental health as suicide due to trading is a real thing. Protecting our capital and keeping good health is the best combo to a healthy trading career.
as long as I do, we can do daily trading well, without having to disturb the rest period. so we can trade by making a framework on a small time frame, so that when it's night I always clear all positions, be it profit or loss. if the term is scalping, looking for small opportunities to make a profit |
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This can be your concern but it not an issue in this bull market, just look at what Elon Musk said, he said Tesla sold their Bitcoin because they want to know how liquid the market is and instead of the price of BTC to dump base on this news, it pumps. I believe they market will withstand any dump by any institutional investors
In bull market it's obvious that the liquidity is overflowing but in a bearish market when people are too afraid of buying it might be a problem however not as big problem as most of people gonna imagine and it's true that the price dumps after the news coming out meaning actually the crypto market could withstand such massive dump if there's no fud accompanying. But maybe in next few years a sell off of few hundred million dollars not gonna be as impactful as today and tesla probably testing the water and make prediction on the future liquidity based on that. we see the crypto market as sensitive to news. but this is more focused on the psychology game of each trader. I think this is what whales use to make a profit by exploiting these weaknesses. people will tend to be fomo if they see prices continue to rise, without them thinking that there will be a correction that we can use to buy, that is one example |
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The price of bitcoin continues to fluctuate according to market activity and due to this nature it is possible to see its history repeat itself. ATH 2021 is new history in bitcoin and maybe we really want to repeat that history in the future. If you pay attention to the price of bitcoin after the halving, then you will know that bitcoin will go up to form a new ATH. I think this is history that keeps repeating itself over a four year cycle. So I am assuming that we will see history repeating itself whether it goes up or down. Also the entry of institutional investor into bitcoin is a history to remember. The point is, both economically I think history will repeat itself and an economic crisis will occur whenever countries fail to contain it.
right, the annual cycle might repeat itself, like at this time where previously bitcoin had dropped to $ 3500 until now forming a new ATH, and after this it could happen that the price of bitcoin will experience a correction, before it will form a new ATH again, but nothing will happen. know now what will happen later |
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Just by looking at the factors mentioned below, we can already see why there are a lot of people who are investing in bitcoin right now. Aside from the value of bitcoin, the features it contains makes people get attracted to it. There are still a lot of reasons that are yet to come as bitcoin gets legalized all over the world but it will still take too much time before we see that from taking place. Privacy, safety and freedom are those of the main reason why people are choosing to invest in bitcoin than in any other coin existing right now. We should not waste the chance given to us, make the most of it with the proper strategies and decision making.
for now, if we look at the development of bitcoin and many people who love it, because of its fantastic price hikes and generous profits, we can appreciate the recognition of many people who suddenly get rich from the results of bitcoin. Indeed, to be legalized is still far from expectations, at least the current government does not prohibit it |
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Bitcoin and altcoins are heavily correlated, we all know that but they do not move at exactly the same speed and we can clearly see this is the case, at the beginning of this bull run most of the growth was concentrated on bitcoin and that is why its dominance was going up almost everyday.
Now we are seeing the opposite with altcoins growing faster than bitcoin and taking away some of the dominance of bitcoin, so even if both altcoins and bitcoin move on roughly the same direction the rate at which they do is different and that can be enough to produce profits with the right strategy.
But I'm not sure what kind of strategy will be useful here when bitcoin and altcoins are moving on the same direction but at different rate. Because what I am trying to say here is, instead of focusing on bitcoin dominance as a bigger thing here for decision making, we can go for fundamental and technical analysis on altcoins to predict its direction; that will be much easier than get confusing about bitcoin dominance as a tool to predict the movements of altcoins. As far as my experience concerned, there cannot any single rule which will be demonstrating how bitcoin dominance is influencing the movements of bitcoin and altoins and how affects each other. So, focusing on other strategy will be helpful and less confusing. There is no problem, not every strategy can be applied by everyone, if you already have a strategy which makes you profits and makes sense to you then it makes no sense to change it. However there is a relatively simple strategy that will allow you to capture more profits by using the bitcoin dominance, the key here is to wait for the bitcoin dominance to reach a high or a low point and then wait for a reversal, when we get a reversal from a high point then switch to altcoins, and when we get a reversal from a low point then get bitcoin, this way you keep yourself in the side that is outperforming the other and you can obtain profits in both fiat and bitcoin if applied correctly. I have implemented the system before, but what has been my problem until now is that sometimes I don't have the courage to step up. my psychology is not good enough to believe in myself. especially if I stepped in, and was already floating plus, I felt like I wanted to immediately end the trade, even though the target was still far away |
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Ok so I am fairly new to trading but all I'm trying to do is buy certain Crypto at certain prices. The trouble that I am having is basically the volatility of Bitcoin! One moment I'll put the Bitcoin equivalent of $2.00 USD as a Limit order on an exchange and go to bed then wake up the next morning to find it was bough at that Bitcoin price but not equivalent to $2.00 but more like $2.50 or $3.00 or sometimes $1.00. Am I doing something wrong or does everyone just deal with the inaccuracy of Bitcoin?
Working with limit orders is a good idea in my opinion. First of all I would look at the average trading prices over the last few days and then put an limit accordingly. If you find that your order is not getting filled the next day I wouldn't panic, just leave it for a few days and see if it is getting filled later. The thing with crypto currencies is that the average is much higher here, so we need to be prepared for a higher spread between bid and ask price too. The prices tend to move in cycles, so eventually the price should come down again to your initial bid. indeed we have to take into account the spread, if we have analyzed, and placed the desired price then it is better to believe in that analysis. of course we have an area that is our dining area. if it has not been touched, then it is not our luck. I think in simple trading like that, lest we bring feelings, or create drama in a trade |
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I don't trade that much on my mobile device but I have some apps that really help me monitor and update my trading status.
Blockfolio for checking my portfolio.
CoinMarketCap & CoinGecko for monitoring coins prices.
TradingView for charts.
Binance app If I need to do something from Binance.
All of this is available on Android.
I actually had this currently and this is my behavior when i do tend to check out something on a particular time or manner.These are enough for you to make them as a reference for you to make out such actions in case you do see some profiting opportunity specially with Blockfolio where i can check out my port anywhere i do go and anytime i do tend to have some peak on whats currently happening n the market. There are tons of apps which are efficient for your trading and investment needs but its up to someone on which one they would really be using out because we do have different preferences but those things above mentioned i do believe that to be recommendable. right, everyone has different references, depending on their respective tastes. I think we can use it on an exchange that is familiar, and has a good track record. I don't think it is a problem, it's just that we have to be careful if we are going to place our funds for a long time |
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the bullrun isn't over just as we had expected and since it had already crossed several times to $60k i guess it will once again try that resistance which i guess many of us will still be selling by the time it crossed that price again.
Yeah, the bull run is not yet over which could be the enough reason for anyone to buy more bitcoins right away but it seems most of the people are ignoring the current cheaper bitcoins as market is witnessing sideways for last 3 to 5 days. Bitcoin is trading between $56k to $52k as its both resistance and support levels are firming holding respectively. I guess this will not continue from tomorrow onward. We are going to enter a new month which will be definitely a complete different one from the current market scenario. I am speculating about reaching $100k levels within this May month; let's wait and watch how accurate my technicals are. during some side ways these days, and forming a defense area, we have to be careful, because usually after that there will be a big movement, either a downward correction or even a bounce up after breaking through the defense area. I think if we are still able to hold it for a long time, buying now is not a problem |
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Bitcoin and some other crypto currency come to stay because the trust the crypto community had in Bitcoin and how selfless Satoshi Nakamoto used when and after creating Bitcoin because the plan of some world leader that are against Bitcoin was to make it died that's why people like Paypal ex CEO compare Bitcoin to his autograph.
The opposition that occurs against bitcoin is because the system used by bitcoin is contrary to the system used by the government, while the government does not want to lose control, therefore it is only natural that some countries oppose it, but time will prove that with the increasingly solid bitcoin community in the world who wants bitcoin to remain on purpose the main thing |
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When I think about poverty and the poor, there are many connections.
The poor take the form of incapable of working, low-income workers who have additional obligations to support other family members.
The cause of poverty comes from subjective and objective circumstances.
Subjective circumstances: laziness, enjoyment, low education, low level of labor, ability to communicate.
Objective circumstances: National policy, burdened with feeding more family members, incapacitation due to accidents, birth defects, underemployment, epidemics, food problems nation. The above problems come from a specific country. Each country has a distinct difference if you try to compare a few countries of the world.
Poverty and the poor always appear and standards vary from country to country. I firmly believe that the poor exist for the reasons I have listed above.
I agree with what you've stated. We won't be able to eradicate poverty in any society because it will still exist, regardless of the government's policies. And, besides, poor people were there to keep the environment in balance; if we're all wealthy, who would make progress, particularly in agriculture, because we have no one to rely on? No one can employ to make the system full and profitable, so rich people can't start a business. It's human nature for some people to want to be above and to govern, to fulfill their needs by the use of other people. no human being can fulfill his own needs, with the existence of various levels of human social strata, there will be mutual need for each other. and I think it is very difficult to bring every society to the same level. although the government tries to equalize it but in practice it is very difficult, even in developed countries |
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It is possible that if you show the majority of the people a common-sense economic model that works they wouldn't reject it. The problem with certain national economies is partly due to pressure to apply extreme economic models rather than something that works, is safe and sustainable.
I would be surprised if they reject a safe economic model that combines both socialism, capitalism and other models that are suitable to their way of life.
That is not easy. Even the public in the United States have gone for a governing model that is in favor of higher taxes and higher government spending, after dumping the low-tax, low-government spending model. The problem with this model is that it incentivizes the non-productive population and punishes the successful people who are creating wealth. This is a global trend and the same is happening with Venezuela as well. Everyone want free money and subsidies from the government, although it means that the economy will be destroyed in the long term. Right, Venezuela is slumped because the government provides a large subsidy facility, so that the people are lulled into a comfortable life, they seem to be lazy and do not develop other economic sectors besides oil. coupled with bad governance, so that a mental revolution must be enforced immediately |
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I agree with you. But we have no other choice. For bitcoin to have its own value, you first need to destroy those things through which we value it, namely fiat. And it is impossible to destroy it now. How much time will pass and what kind of symbiosis all this will result in is unknown. But it doesn't look like we will be able to get rid of classical financial structures in the near future.
The classical financial system is fully supported by the government, so there will be many political interests in it. therefore I think it is very difficult to shift it. crypto can be recognized as a legal means of payment that I think is a good achievement. Especially with the current development of crypto, I think the government cannot underestimate it |
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See how the economies of different countries have adapted to the coronavirus now. It has adapted to such an extent that it can function quite normally, while the stock market fell at first and then stopped and even showed growth.
Therefore, we can make an unambiguous conclusion that with the removal of all restrictions, we will see an unprecedented boom in economic growth.
economic restrictions during a pandemic make economic actors have to move because the economy cannot stop which involves the lives of many people. therefore, the new normal economy must be run. We can see that cryptocurrency has increased and even surpassed stocks, so that many people still make money even at home |
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many people experience situations like yours, usually panic sell. You can make this an experience and in the future you can do an analysis to find out when to release or when to hold so that you can predict whether it is in the long or short term. good luck in the future
People to go for panic sell because they are not confident about their own technical signals. When we are good at generating trading signals through technical analysis and we are very much confident about accuracy of our signal then we never need to get panic. Moreover, people who are buying signal from other are easily getting panic because they are not aware of anything about market fluctuations. So, understanding about the market fluctuations will help anyone to stay calm which is more important to avoid panic selling. in this case experience and learning are required for trading. sometimes many people are not confident and follow other people's advice which is not necessarily true. therefore, as much as possible we are confident so that we can avoid panic sell which can be detrimental |
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After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?
I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.
I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless
Hope you can get money back. Maybe start looking for a job that can allow to bring baby is worth to do than nothing. Since you not mention sell order what i assume is you do future trading which can make us get liquidity without do anything with our orders. For others too, future trading maybe look very easy to get profit but it is only look, behind people's profit there are a lot of works and maybe even they really do hard to get profit so it can't be same for each other people. feelings of regret are bound to be experienced in times of such situations, but we should not linger in regret. the next action is that we have to determine the steps whether to remain in the world of trading or switch to other fields of work. regret must end |
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I don't usually join groups about trading because you'll mostly see shilling on those groups. Just take time to study the market and always look at the news and study technical analysis because that will help you most as you trade.
Even we are joining social media group, we should not listen to them for financial decision. All financial decisions should be made from by our own research and analysis; because it is our money and no one could care like how we are doing. So, always learning the basics of trading and investment will help anyone. Failing in trading is very common in crypto space but we must take time to gathering knowledge about trading so that we can develop trading skills and then we can recover previous losses. But the sad news is that there are traders mostly, the new ones who hear them out. And those people are making their thoughts as financial advice and being followed by those newbies. They have an initial thought by following such will make them wealthy. Although in the end, they're just blindly following. beginners have not yet found themselves as traders, so they just follow what is directed. It will be difficult if they get advice from other sources which have a different analysis, I think at that time they will be confused about determining steps. but it is all a process |
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