Someone that waits patiently for a significant bear market and see an opportunity to trade by opening a long possible during bull market will think he is a good trader, this is because the market is on the bull side. The market trend can help a trader, but no good time for a good trader, they trade during bear and bull market and they make money from it if they are good enough not to make losses instead. If you trade and lose, better to stop trading at that time and wait for next time to let the right mindset to set in you before trading. Profit can be usual, but losses can be at anytime.

Never mind I will use gambling as an example, if you gamble and you are an addict, you will have lucky days, but addicts have losses than making profits. Trading is different from gambling, but many traders are like gamblers, while many learn but still losing than making profit. It is not about lucky days but about being a good trader.

Exactly.

Advice him to just hold. Tell him to take an amount he can not afford to lose, after taking the amount, he should not put more than $20 to $50 to be learning how to trade. Some people may not want to agree, but in reality, trading risks is similar to gambling risks. For beginners, trading can be dangerous than gambling. The money he make after many months from that little amount of money used can determine if he should trade or not.

He has a lot to learn if he wants to be a trader. Three of which are most important are risk management, having good strategies and also learning trading indicators.

Binance moved to zero fee trading many months back, this is one of the reasons that many traders prefer to use the exchange and they have more bitcoin trading volume. That Binance has 98% out of the 100% of the world total, that is not what I can believe. You do not have to believe everything that you see online, some are just fake information.

Thanks, I thought as much because I saw no where to change it to those time ranges.

I can still make use of other exchanges mobile app like that of OKX or Binance if I need those time ranges for analysis while working on mobile phone. I hate exchanges site web version on phone, they are always not light to load and frustrating at time, if compared to using the mobile version directly.

I use my trading password often, I can not forget it.

About the second inconveniences, it is not a problem for me, I do not even see it as an inconvenience at all. If I go either long or short using future trading, I can set it in a way any money I transfer on my main or trading account to go automatically to my future trading account during liquidation. If I want to withdraw, you can see the trading account and the main account funds on the withdraw page and you can check both to withdraw money from the accounts at once. Only the one I do see as inconvenience is also an inconvenience on other exchanges, which is sending to future trading account.

The only problem I encountered is when I transfer fund from one account to another, it may take up to 10 seconds before I will notice it on the account I transferred it to on Kucoin, like transferring fund from future trading account to trading account. Before, it gives me a feeling that I did something wrong, but I know how it works now and no more a problem, but it would be good if Kucoin software developers can do it in a way it can be like other exchanges because I experience this only on Kucoin among the exchanges that I am using and that I have used before.

With my experience when I was an addict 4 to 5 years ago, I thought I can gamble and make money from it as an income, moving from one strategy to another. It started with high odds, latter thinking to use high amount of money with low odds to make money, and later was the online odd low matches. I thought something like a means of earning something weekly or monthly is possible. Because of low odds, I won most of the time, but because of high amount used, I noticed that I lost than won in just two or three matches lost after like 10 wins. What causes me to lose high amount of money to gambling was that I thought gambling can be a means of earning income but which I later found I was wrong.

I have preferred to use Kucoin on my mobile phone, it is one of the exchanges I have been trading now without forcing me for KYC, not requesting for like mobile phone number. I have used the exchange and it is quite good.

The only issue I have with the exchange is the candle stick time range, I was unable to check some like 6 hours, 12 hours and 1 month time range in candles.

I have used some exchanges that I can go to the settings to change some of the candle stick time range, I check Kucoin and I did not notice anything like that. Am I missing it, can anyone tell me if possible I can select time like 6 hours, 12 hours and 1 month time ranges on Kucoin mobile app.

It is not a problem though, I can check that on other exchanges, but I just want to know if Kucoin supports that on their mobile app so that I can be using it directly.

It is not a superstition at all, if you play and you lose, it is good to stop gamble at that time for awhile. Just as you later said, it will help you from losing more because when you can lose more is when you have lost and keeping on playing with frustration.

That is just you. Some people may like casino while some people may like just sport. Some people may like both. Even if you lose in one, better to stop at all at that time, no matter if it is casino or sport, it does not matter.

What is the validity of your source is what it is my post, that your source is not correct. We know that Binance dominates but not the extent that it has 98% of the 24 hours trading volume of all exchanges. Take a look at it yourself and see if it is possible with what is even on Coinmarketcap that is owned by Binance. It is all not true that the spot market trading volume on all other exchanges is just 2% while Binance 98%, that is a big lie and not correct is what I am saying. But it will be good if you can prove me wrong.

According to what I saw on Coingecko, I do not think Binance has up to 98% of trading volume, but we all know that it dominates all other exchanges.

According to what I saw on Coingecko:


Binance 24 hours trading volume is $25,991,400,403.

If $105 billions is the total on all exchanges and Binance only accounts for approximately $26 billion. In percentage, that is just approximately around 25.8% not 98%.

If anything bad like massive hack occur on that exchange, it would be a big blow that will bring a very massive bear market that will result to massive money loss. It is not good for anything to be more centralized.

That is just it, trading is not a scam. What is scam? A way to collect something valuable from someone in a way you do not give the person what he is expecting in retured. Trading is never like that, the exchange you use to trade give you terms and conditions to follow, they gain from trading fee, not that if traders lose they will gain the money, it is traders that lost money and it is also traders that gain the money lost by the traders. There is no scam about trading at all.

What I do is that I have money that I set weekly for it, if I lose more than it, I stop gambling that week, no matter what. If I win and lose and the money has not finished, I can continue to gamble if I still see it interesting that week. I only go for gambling budget and just not more than 5% of my week income.

I can say that too. Manchester United is having a strong team now, today's match was well played and it was like a flawless victory for Man United. I even thought Arsenal and Man City are the only one competing for EPL until I checked the table again today to see Man United just three points away from Man City and just five points away from Arsenal, this makes EPL getting more interesting.

Newcastle still has one awaiting match to play. What I noticed is that Tottenham is getting better and will make it tough for Newcastle.

If people are thinking bitcoin will disappear or its value will get to $0 one day, no one would want to invest, people invest to make some profits from their bitcoin investment. Anything can happen in the future, but we should see bitcoin more as money, decentralized in a way that you have the control as long as you have the keys. We should be positive about bitcoin and about what the price of bitcoin would be in the future. All I think is that in the future, bitcoin price will get to $1 million and more. About this year, it is getting positive already too.

What tells you that bitcoin can not fall to $17000 again? What I analysed and that I think is that if bitcoin will fall again, that $17000 would be the resistant price. It is possible that bitcoin price may even increase to $40000 and get back to $20000 again. In 2019 when bitcoin increased in 2018 bad time of $3100 to $13000 in 2019, you can not believe that it would falled back to $3800 in 2020, but it falled back to that very low price.

You may not want to try it if you are no more a beginner, but beginners can try it to learn trading, it will really be helpful as it will bring out useful information needed in trading, what to know and what to avoid, how to have good management risk and many other information like how trading is very risky and how the future can be hard to predict. But for trader that have known all those information, you do not need ChatGPT, but if you are a programmer, you can still use it and see it easy to write some codes for you which can be helping to create some bots that can be used in trading.

I do not have to know that before I can make profit from trading, but some people are doing it and it should not be taken lightly as an offense because it is an offense as the traders are manipulating the market. Also from insider traders you will see them dump a coin after it is listed on an exchange.

You can use a decentralized exchange like Bisq or hodlhodl. If your country people are on this forum, you can buy from them. If you do not want to use KYC, you can try your luck with instant exchanges like ChangeNow or Changelly, but the risk is that they are still centralized exchanges and if they see your coin as tainted, they will ask for KYC. People nowadays uses centralized exchanges which are trading platforms like Binance, Huobi and the likes, thinking it is easy to buy and sell coins, but they do not know the stress they go through when they were registering up to a fully verified account. For centralized exchanges that are trading platforms, you can try Kucoin or OKX, but they may ask for KYC at anytime too.

If Arsenal is praying for Man City loss, Man City also is praying for Arsenal loss. But the truth is, that may not be the case, I expect Arsenal to be thinking that Man City has more than 90% chance to win that match, but what later was not what that happened. Arsenal and Man City are rivals and no one between them both would wish the rival to dominate. It was a lucky match for Arsenal because the match was almost drawn.

Okay, you will soon know that Arsenal is a big competition this season. Manchester City too has its own lapses. Can you think that Nottingam Forest would win Man City? I know Arsenal to be on and off too, there are sometimes they started with big failure and later play to the end with good victory too, but in a way they are not up the table because of their past failure, but this season may likely not go like that, we are going to soon know.

With bitcoin, fee is not always high unless sometimes during massive bull market that the network is very congested, I mean the mempool congestion. Bitcoin fee is low than fiat fee. If talking about altcoins, almost all of them have very low fees that fiat fee can not be compared with at all, only ether that I know with a very high fee with altcoins.

Long term trading? That would be scalping. Bitcoin and top altcoins are better. Many altcoins can just be shit coins is the problem and they may not follow the market direction. To use bitcoin or the high market cap alt depends on the leverage that you want to use. I can use up to 3x for bitcoin, but I prefer to use 1.5 to 2x for altcoins. Some people may use high leverage for altcoins, altcoins are more volatile and that makes liquidation more possible with altcoins.