Trading is really hard and I cannot say not to panic or be afraid and just keep going, to just trade and trade and ignore your feelings, because that will worsen everything, so the least thing we can do if we are not feeling well, worried too much is to relax and stop trading for a while, have some rest, go out with your family and eat your favorite food. Make sure to clear your mind before doing trading.
Trading is not hard. Once you have a lot of knowledge regarding your profession, then it becomes easy to take right decisions at right time. In order to perform better than others, you need to spend more time trading as compare to them. I also don't think that we humans can ignore feeling, we should take every sort of experience positively. Mistakes give lessons. In digital market, choosing the right coins matters the most. I suggest bitcoin. There is a huge deal of evidence that supports the claim that trading is hard, if anything trading has to be hard, many think about the markets as something abstract but it is not, the market is made of people like you watching the charts and doing everything they can to obtain an edge over others, if you read a book about trading then your competition will read two books and have an advantage over you, if you try a new strategy then they try two new strategies and have more flexibility, trading is hard because those that earn profits are always improving and keeping that knowledge to themselves. |
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I risk creating a duplicate question. But I'll try.
A huge number of crypto assets are discussed here. In the neighboring sections, new projects appear every day. But these are all false, far-fetched and almost always unsuccessful undertakings. New “projects” absorb the incoming money flow, which does not benefit the industry, but enriches individuals.
All this created for some cunning rogue?
Yes, some projects look interesting and potentially. I like the idea of global currencies for various use and applications. W/o traditional money. W/o state control.
Is it not better to leave the opportunity to develop what is, than to continue to spray funds on scoundrels?
I do not know how this works and is managed. If all this is basically without control, then the future of the cryptocurrency world looks vague. However, this is interesting, because in addition to the expected collapse, there may be unexpected surprises.
You raise some good points but you are assuming the best of those creating those projects that have no future, if they could improve something in the bitcoin code then they will do it but they cannot and they know it, they prefer to create a coin that supposedly solves a problem but that is not right.The truth is that many of the issues of cryptocurrencies cannot be solved by injecting more money to the market, this can only be solved by people like satoshi that have the knowledge to fix what it is wrong with cryptocurrencies. |
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My opinion for this condition, it's hard for that span of years to see Bitcoin reaching that price. That was too expensive for everybody, and yet 5 years is too short before the developed market established a good marketing approach. Long term for $100k might take 10 to 15 years before we see this projection comes to reality.
We do not really know what it is going to happen, while now we accept as fact that bitcoin came close to the price of 20k back then you would be hard pressed to find too many people that predicted the price of bitcoin could grow to those levels that fast, even the current prices are incredibly high to me, so 100k in 5 years is not outside the realm of possibilities but I admit that it will not be as easy as some may think but even if that happened in 10 or 15 years that is fine with me since I prefer to hold my coins anyway. |
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For me, I don't do any convincing talk this day. It's a waste of my precious time and energy. After all these ones acting indecisive won't give me the money they are likely going to make once they key into the whole crypto thing. I only talk about crypto among friends once I know it is a loose conversation. If it's anything serious, I keep crypto to my chest and rather don't talk because in the past a lot of these friends never believed me about cryptocurrency.
I used to try to convince people that bitcoin and cryptocurrencies were such a revolutionary technology only to be told that it was a scam or that I was trying to sell them something, since then I just keep quiet about my activities and I feel great about it, if they want to learn about cryptocurrencies they can research by themselves just as I did in the past, if many of us have this attitude this will slow down adoption somehow but I am tired to try to convince people, if a price of 9k for each coin does not convince them then I do not know what will. |
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We always blame whales for price manipulation but I don't think they have such influence. In fact I don't believe that Bitcoin market is manipulated.
The price is more or less stable now at around 9000$ but some corrections are still possible. However I don't expect bigger dump but price might get to 8000$ again before halving.
I disagree, the whales do have that kind of influence look at the difference in which the price of bitcoin began to go up months ago, it was a slow growth that at first did not seemed as if it was significant but it was, that is the sign of a healthy growth and take a look at what happened one week ago when the price in a period of 24 hours jumped 3000 dollars, that looks manipulated to me and since then the price has not being doing much and there is no hope it will do anything unless the whales keep playing with the price. |
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as we know that in 2017 many ICO were successful (at least reached softcap) and of course the market cap was also very high at the time, so it proves that many people are interested to investing in cryptocurrency, but now where do these investors go? because now the market cap is down and many ICO or IEO are failing (not reaching softcap), are investors no longer interested to investing in cryptocurrency? if yes, where are they investing now? or is there a more profitable investment than investing in cryptocurrency for now?
This is not a mystery, why investors decide to risk their money in something? Because they want to earn money, how many of those that took the huge risk of investing in icos obtained profits out of their investments? A minority of course, then why investors should keep risking their money in a type of investment that gives so little chances of earning money? Do they even have any money left to keep risking in icos? When you see things this way it is easy to explain why no one cares about icos anymore. |
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Hi,
I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?
Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?
Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?
Overall: What makes you trust bitcoin related services?
The reputation of the service is everything, if I see credible evidence that the service has scammed their customers in the past then I will not use them no matter what they say, now it is important to tell the difference between angry customers that will always be there if the service is popular and legitimate concerns about the honesty of owners of the service, after their reputation is out of the way I select based on other criteria like the user interface and their customer service. |
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Today I've decided to sell my car to invest in IEO or ICO.
Is my decision right?
Is it with a lot of investing in IEO can refund my money?
Do not do it, you did not told us your level of experience when it comes to trading but most likely you are thinking of investing in an IEO or ICO because you have heard the stories of investors making millions with that kind of investment, but you most likely do not know anything about this market, what makes you think you will succeed where so many investors have failed? Success comes from a strong understanding of what you can achieve in this market and you do not seem to have that. |
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to trade there are no specific rules that become the benchmark. everything is up to your ability, but I suggest to start trading with capital if you experience a loss, you are able to accept it. indeed in trading crypto can benefit, but you also have to think about the risks involved. Large capital must be followed with a large risk. to get profit, I think you have to learn about analysis or strategy in trading. You will benefit when you can sell coins that you hold at a price higher than the initial price you bought.
The main point is learning is earning. newbies should learn first how could they control their money towards trading and investing. without strategy and analysis, you as trader will lost everything even your small knowledge you gain. give the time and effort to learn more to avoid risk. you have your own rules at yourself. make some limitations and don't brake it. our predictions are not always right, so it's best to understand everything before you decide to buy or hold a coin. Probably the worst thing that can happen to an inexperienced trader is to win big at the beginning, if this happens to him he may convince himself that getting profits in the market is easy and that he does not need to learn as much as he thought but that is false, earning profits from this market is difficult and can only be done by traders that know very well what they are doing and if you are not one of them then you must understand that sooner or later you will lose your money to them. |
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I have been gone for so long due to my hectic schedule at the university, but since I have graduated already and I have taken my board exam I am now back here! Finally.
I have noticed how altcoins I own before depreciate so bad. I even have two or more kind which up to now have no value. Is the market tthat bad already? I mean, I can actually read threads here but ofcourse getting direct feedbacks from all of you who stayed all through out the time I was not around would be very helpful. Please help me learn about the new environment of cryptos now. Thanks.
This market moves so fast that being away for one year is the equivalent of being away for several years in other markets, if you had being holding bitcoin or other similar cryptocurrencies then you should be doing well since we saw an important recovery during the second quarter but most other coins have been doing badly, this is not surprising since there is no need to invest in such coins when bitcoin gave 3x during this year and many top altcoins gave something similar. |
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Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
The most important thing a trader needs is to to know what he is doing and why he is doing it, many times I find that traders just buy a coin with the expectation that it will go up in price, but if you ask them how much money they expect to get out of that trade or how many losses they can accept before they close their position they do not really know what to answer you, those kind of traders quickly lose their money and then claim this market is manipulated when they are the ones that did not knew what they were doing. |
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Not only 2017 but we are going through the whole cycle of 2013-2014-2015-2016-2017 in general.
Looking back we can see that in 2013 the price went up a bit but not too much, in 2014 it went up super high, in 2015 it went down and didn't go up too much, in 2016 it went up a bit but not too much, in 2017 it went up super high, in 2018 it went down a lot didn't go up, in 2019 it went up a bit but not too much so from the same cycle as you can see the increases in 2014 and in 2017 could be same for 2020 as well, same happens all the time, hell I can even see the future where in 2021 it will go down a lot and won't go up, in 2022 it will go up a bit and in 2023 it will go up a lot, same thing over and over again. We will see in 2020 if that's the case or if I am wrong.
This is an interesting cyclical view of the market but even if it does not become true it is still a useful guide, there are many that are expecting this year to have an end similar to what we saw in 2017 and to me this is too soon, I have always thought that in order to see something similar to what happened in 2017 we will need to wait at least until 2020 with 2022 being the latest I think we should wait, but if you are a long term holder all of this does not matter as you will get your profits anyway. |
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Top 3 things to look after?
Are tools recommended?
Thank you!
If you have to ask that question then I can tell you are not ready, day trading is by far the most challenging way to trade and yet it is the one most usually selected by those trying to make money in the markets for the first time, I know the temptation to make some fast profits is there and it cannot be controlled, but believe me you will never make it since day trading is harder than what you think, in my opinion you need to have at least a few years of experience in trading before attempting to day trade. |
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Decentralization is a very useful thing, especially in those countries where there is a high level of corruption and inflation. I think that not only Africa can help blockchain, but Africa may be one of the first to try to fundamentally change its amenities and quality of life using blockchain technology. Of course, success will depend on the spread of this idea among the population. Indeed, detailing is not beneficial for the government, because it significantly complicates the management of the population. One way or another, Africa can be a good example for developing countries and countries with already developed economies.
There is a reason why new technologies always seem to be adopted the fastest in developed countries than in undeveloped ones and it is simply because their level of infrastructure is higher than the one that you can find in undeveloped countries, there is no doubt Africa could benefit greatly from the use of the blockchain technology since it could lower the level of corruption that you find in the continent, but do you think that politicians want that? |
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For those who have not bought Bitcoin, at this time it is still not too late to buy Bitcoin, if we look at the graph provided by OP then we still have the opportunity to buy BTC. I am still confident that the price of Bitcoin through ATH this year is $ 13,000, although it has not been reached yet, but before ends this year, it will be reached.
It's not as if I do not understand your excitement but when it comes to trading you need to take your own decisions, the one that created this thread was correct and there is no way to deny that but unless you can make a similar prediction to the one he did then it is better to not trade using the signals and the methods of other people, because if you do and you lose money not only you have to face that difficult outcome but what it is even worse you will learn nothing out of it. |
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For me,i still prefer with btc and eth.They still make good income for day trade.But it won't be a guarantee that you will make good profits if you yourself cannot cope up with the risks it has.Day trading is quite harder and more risky than long term trading so atleast you should be a good trader or even experienced trader so that you can minimize losses and maximize your profits.
Bitcoin and ethereum have the highest market caps and volume so it makes sense to choose them as a day trader since you can always find someone interested in buying them or selling them, but if you really want to be profitable you need to look at the movements of more than two coins that way you will always find a good opportunity to make money as long as you are a good trader. |
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Those who invested in bitcoin way back 2009 had not experienced any bull run before nor have much knowledge about the blockchain technology, yet they took the risk to invest. You and I have witnessed a bull run and heard about the numerous potentials of crypto so why do we still have to feel reluctant to invest in bitcoin. Let's be optimistic about our digital assets because its all we have.
It is not that easy, your message is all about being positive about the future but you are forgetting the present, how can a person be positive about the future when he is losing 80% or more of his investment? I believe the market will recover but I can see why all of those people that are very negative about the market hold those beliefs. |
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It's not easy to become a good trader, because you need a lot of learning and lots of flying hours in trading, start with minimal amount for learning, so when you lose, you don't lose a lot of money
At least you have a more realistic view about what it is necessary to become a good trader, many think it is easy to be a good trader and nothing could be further from the truth, you will see that those that are really good when it comes to trading are those that are almost obsessed with it and think about how to improve themselves and their strategy all the time. |
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Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet like electrum and Hodler wallet?
The choice is easy get a hardware wallet, most hardware wallets now support many coins so it is likely your favourite projects are there or will be added shortly, but do not make the mistake of holding your coins in an exchange, there has been recently a hack to remind us that regardless of the security exchanges implement it will be impossible to secure them completely. And for a hardware wallet, I prefer to use ledger s nano or ledger x nano (which already release). That wallet supports many coins even for erc20 tokens, so you don't have to be a worry if you want to move your tokens from mew to the hardware wallet. Like many other people, I still holding coins in my wallet, some in the exchange, some in the Android phone, some in the offline wallet and hardware wallet which support many coins. As long as you know what you are doing you can reduce the risk of holding your coins but many newbies do not know how to do that so it is better for them to stick for alternatives that secure their coins the most until they learn how to do it by themselves, unfortunately many see the costs of hardware wallets and decide to not adopt them only to regret it later when they lose all their money to hackers. |
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Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?
We saw something like that happening at the end of 2017 when people were buying coins that had no value for prices that were ridiculous, things were so bad that now most of those people lost almost everything they invested and the same can be said for all of those that began selling coins that were good for terrible prices just a few weeks ago just because they could not take to lose even more money. |
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