Trading is not about buying low and selling high because we cannot guarantee how low and how high the price may happen in the future. however, we can see and also analyze the charts, in which it commonly can lead us to have better result of the chart analysis. It is also based on the fundamentals of the coins and also good news of the team to make the projects progressing more and much better. In this case, we can see how the trader can not only buying in low but buying at the right time and also sell at the right time.
this is what becomes difficult in trading. looking for the right time, and looking for the right price. but sometimes feelings get carried away in trading so that we can't focus on the framework that has been created. |
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Mixing your emotions while you are up into doing trading will probably make things mess up for you are not into focus of what you supposed to do making you unable to think of ways possible to strategize the actions you will do that will suit the current situation you were up to because panic and fear are residing within you that makes your emotions pumps up mixing how you are dealing with the trading pressure you have on hand. Remain calm and assess the situation because panic will not help you out in the situation for it will just make things worst for you. Compose yourself on trading and do not let your focus loose upon you.
This is well said from you. The only thing is that it is easier said than done. Managing our emotions during trades isn't an easy feat to achieve. You either feel to afraid to buy become too fearful that panic selling end up becoming the only viable option that you see fit to chose. That is why it uz unless a trader take time to master their emotions, they would not be able to manage their trades properly as things would end up getting messed up. don't use feelings when trading. we just adhere to the framework that has been created. for what kind of results, I think it has become the power of God. indeed to be able to do so we are required to learn continuously |
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This is because of the seasons we have been experiencing in crypto that we begin to think of buying before the bear market comes. And then we are not able to identify exactly when the bear market will start and that's when the real problem starts as well. Because when you suddenly dump thinking the bear market had come already but you suddenly see the price went up after dumping. A big loss once again.
Now we are in a bull market and, accordingly, all coins in the future should increase in price. If you are not sure that you can sell at the maximum and buy at the minimum, then you just need to hold your coins until they reach the price at which you want to sell them, otherwise you will lose them. I will just add, where your statement is correct, but what must be considered apart from that is that we have to invest in the right coins so that our waiting will not be in vain later. we see that the crypto market is very volatile, and if we take the wrong steps, it could be that our coins will become ashes. indeed we are most secure investing in major coins |
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sometimes we are still playing with feelings in trading. I think it must be avoided, we must stick to the work plan that we have made, especially when cutting losses are needed to avoid unwanted risks. many traders put forward drama when something happens in trading, even though it's not needed. trading between profit and loss according to target, I think that should be instilled in every trader
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before we trade using bots, I think we have to understand manual trading first, so that we can find out when bots are not working properly. for example when there is big news that affects the market, so that our funds are still safe. therefore I don't say bots are bad, but defense is the best way to survive in the trading world
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Trading is a career path that I really admire so much, I don't want to be one of those company workers out there, would rather be my own boss and that's what trading can give, learning how to trade is very vital for constant growth in the long run, so which ever way you can add more knowledge to the ones you have already do it whether it's reading a book or watching a video, learn and study more cause later on in the future you will be the one enjoying the reward from it.
learn to trade from anywhere, with so many sources we will find the right type of trading for ourselves. therefore the main key to trading is experience. the more we learn and evaluate mistakes, the more we will be able to survive in this trading world, we cannot blame someone's trading system, because everyone has a different trading style |
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It's so simple to me  . Buy low and sell high. Be it long-term or short-term - you have to operate with a lot of tolerance and keep a calm head. The initial thing to do is to execute a market analysis to find out where you can bring about a profit by investing. not that simple. where are you sure the price is already low? and after that do the prices go down or go up? You need market analysis skills to determine this, or you will just panic sell and buy panic seeing the volatility in the market. fud, fomo, hype, circulating a lot, it takes a strong stance, for that we have to start by learning the basic techniques of market analysis, on YouTube many traders have shared their knowledge. the simple trading strategy, buy low-sell high, is really not easy to execute in actual situation. but if you already bought the coins, your base price is the price of how much you bought the coins. so if you want to sell it, it should be at least higher than your buying price. it may not be the huge profit that you are aiming at but at least make sure you are in positive profit. normally, people want more profit up until they surpass the level that they should have sold their coins. and being left to be bag holders of worthless coins. unfortunately. it is not easy to determine the price is already at the bottom or will form a new base price again and vice versa. what we need is consistency and do not be greedy in taking profits, because it can interfere with our psychological health |
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The COVID current situation in India shows that the risk of diseases and biological risks are by no means underestimated. Perhaps the risk should be considered on a country by country basis, but insofar as the number of people affected, we cannot deny that an uncontrolled disease with no cure and quick to expand and with potential to infect pretty much anyone has been proven to cause not only a substantial number of deaths in poor countries, but also a deterioration of the economy that will also kill people due to lack of attention, food, living conditions...
Covid-19 information in India is very popular in all countries, seeing the people there experiencing very bad things, but I saw that the country had not previously paid much attention to Covid-19. I got the information that people in India didn't really care about the virus a few months ago. But bad things are happening now and can't be avoided. That's right, that the economy is very supportive of the virus that is happening at this time. disease will continue to grow if you are unable to eat. I think maybe the government in India has given a warning, but this is a religious ceremony, where sometimes the government is difficult to prevent, and when this happens, of course the country is increasingly experiencing economic decline, because health hazards lurk |
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It was really sad to read the news about the epidemic. About these days, I have friends who are studying in India, and they say that there is like real hell, lots of people are dying. My friend shared that the situation in India is much worse than reported in the media, my friend said that the sense of prevention here is very poor when people are not wearing masks and crowded, indeed, when I looked at their crematoriums, my fear was still not over. There are many people saying that vaccines are made from cows' fetuses, and their religion does not allow them to vaccinate, I don't know if that is true, I have also heard of a new variant in India there is a very fast transmission rate and even if their prime minister has vaccinated twice but is still infected, pray that India will overcome this epidemic.
From what I heard from my relatives in India, a lot of fake propaganda is being spread. There are Whatsapp audio messages going around, which claims that people who get admitted to the hospitals get their organs stolen and they will never come home alive. Actually these sort of malicious messages have caused more deaths in India when compared to the infection itself. A lot of people believe in these rumors and they refuse to go to the hospitals. And in many cases they end up dead due to low Oxygen saturation. And the data released by the government suggests that more than 94% of the cases among the 60 plus age group are reported from the unvaccinated group. I cannot understand such a country with such a high GDP income and such poor awareness, I also understand the gap between rich and poor in this country is too large. Admittedly, the awareness of the people of this country is very poor about the way to fight the epidemic, I don't know who this mistake should be blamed on, but maybe we can't help it any more now than hoping for them will soon pass this wave. this is an incident that I think is a dilemma. where on the one hand they have the belief that they must hold a cultural ceremony, on the other hand they are faced with a pandemic that is prohibited from congregating. and in the end what was feared happened too, we can only take a lesson from this incident |
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For me, a rich person is someone that has a big and extravagant house, has a lot of spare money, has a diversified investment and has some sort of business and finally they are also happy with what they have and they don't see having more money as a reason to have more problems.
I am interested in your last statement, a lot of money means a lot of problems, I think, I totally agree, with us a lot of money it is possible to handle a lot of business, of course there will be a lot of problems. but a person who has financial freedom certainly doesn't have many problems, because money works for him |
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Btctalk name: wahyu wida
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It will certainly be effective if you follow the tips and steps of a successful trader, but you still need to learn how to do it yourself to understand how trading in the digital market works
right, even though we have learned the theory from people who are successful in the world of trading, but personal experience for real trading is needed. because at first we will look for a personal trading style that is comfortable with ourselves |
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According to FT news, among the Southeast Asian neighbours, Philippines has relatively more open to using Bitcoin and other cryptocurrencies. The Philippines’ relatively higher adoption rate of cryptocurrencies may be related to the Bangko Sentral ng Pilipinas’ (BSP) moves to regulate rather than ban Bitcoin and other cryptocurrencies. I think this is a good news and an opened door for new opportunities. Well, I assume that this adoption will expand especially for known businesses.
Hopefully this will lead to crypto adoption in the next years to come.Philippines has been very positive in welcoming new doors of opportunities which will be very helpful in increasing not just individual's economy but the country's economy as well.I know there are already numerous bitcoiners spread all over the Philippines,it' just that they chose to be secretive than telling the whole people that they're into crypto trading or investing. of course we think of ourselves first. by investing in low prices, it allows us to get the maximum profit. and I think after that it doesn't matter to tell others, it will certainly be beneficial for us. but the most effective news from the government to legalize it |
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Living your life on cryptocurrency is not an imaginative thought. It is fully possible of course it involves a lot of volatility but that can be managed. With a little effort and will be tough money management, one can get freedom from the central bank. Well if someone is willing to go fully on cryptocurrencies then they have to convince shops and other merchants to accept Bitcoin as a payment method but other than that yes it is possible to live your life on cryptocurrencies instead of banks.
we must be grateful for knowing cryptocurrency first. thus, later on we have obtained financial freedom and freedom of transaction, this I believe is happening because the development of technology cannot be avoided, and later the government seems to be pressured by circumstances |
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Decentralized economy? It is just like you having a nation without law, I am not sure decentralization will ever work for economy, it is just best to stick with decentralized currency which will in turn help any economy than to talk of decentralizing economy. There cannot be decentralization without blockchain, and when it comes to blockchain, it requires the use of code to control things or make decentralization happen.
What code will be written to generally decentralize the economy or give people the full power to do whatever they like as regards economy without the government interference or control? Let’s not go this way at all.
I think a lot of people think everything can be decentralized, and everything should be decentralized. It's not possible to blame them either, since even projects in crypto and their developers all think the same things. This forum for example is best centralized. I can't imagine what chaos would take place if we tell the mods and admins the forum wants to self regulate. Now imagine if the same happened to some economies. I believe developed economies in some countries would do well but for corrupt ones the countries would just collapse. I think that everything will lead to a decentralized system. but it cannot be implemented in every sector of the economy for now. of course every country wants to be a developed country, and that must be done step by step |
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Hey guys what do you think ?
Will we have a global currency?
I personally think that the idea of global currency will benefit citizens, there won't be exchange tax and other things , but at the same time it will kill the competency of the countries that the political leaders think is important , there will be no more best to worst currencies , no exchange rates and nothing.
Will it be beneficial?
I think the benefits are more than compensating for the bad effects.
I think this wide variety of currencies do have some advantages
If we will have a global currency will it be internet based?
I don't think it can be internet based because more or so there will always be a sector which doesn't plan on using the money and worse who doesn't know how to use the internet and how do you plan on giving this advantage to the tribal people ? It will be worse , it will be like , if someone wants to kill the economy of the world entirely they just need to shut down the internet and everything, every transaction will stop.
Please share your views ?
Having one currency for all will certainly benefit developed and especially developing countries. But I doubt it will happen unless one country dominates every country and can impose laws and govern on every each of the country or become one. in the end what preventing this one global currency is politics and agendas of every existing government today. if developed countries hold a very large volume compared to other countries, it will certainly be an opportunity to regulate market movements. and I think the government must find a policy for the monopoly |
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today on 15/06/2019 I see the condition of cryptocurrency price movement is very good, it can be seen from the price of bitcoin that can recover prices and can reach a price of $8000, I hope price movements like this will always occur so that the end of the year bitcoin prices can become very expensive.
I see no difference on the market right now, its pretty cool green candle and it makes me smile. The price of bitcoin is better again, we are pumping but don’t get too much excited it can be stopped anytime. Can we see the price of $9k or we need to sleep more and wait for tomorrow comes? Well let’s wait for the time to tells it. Today Bitcoin has broken the price of more than $ 9k, hopefully this will continue, considering that this year is still in mid-2019, hopefully by the end of the year Bitcoin can break the highest price on left candle |
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Indeed, there is little in common with the movement of bitcoin this year with 2017 and there are only similarities which are not necessarily really the same, but I hope that what happens to Bitcoin in 2017 will happen again which has given the highest price and occurred at the end of the year.
and indeed it's time for bitcoin to rise from adversity after experiencing a very drastic decline for more than a year that happened last year.
in the middle of 2017, bitcoin began to experience a price leap, the same thing we can see today. but I think that's just an assumption, because there is no guarantee to match 2017, and the time needed can be faster or slower. we see until the end of this year |
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as I recall, I started trading since 2 years ago. where it is very easy to get profit, trading on cryptocurrency. but during 2018, I just realized that trading requires psychological analysis and resilience. trading joys and sorrows began to be felt, but I can still survive until now
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