A lot of people joining cryptocurrency invest in at geographical area is not the reason why Bitcoin keep its uptrend momentum and the only major reason why Bitcoin is still on uptrend now is because the humpback whale and the whales did not dump their holding. Understand that a single humpback holding surpasses all the holding of the people in your geographical area but I expect the market to experience a big dump in price before the end of this month.
But also not a few people who join cryptocurrency just follow the hype. As at the time of the cryptocurrncy pandemic, its adoption growth increased. Due to the economic boost, it saves finances from inflation and also secures finances from tax chases. In this case, taking profits during the bitcoin rally is very unlikely to take short-term profits. As much as possible be patient and not easily carried away by market conditions. At the time of the rise in bitcoin, a few days later altcoins joined the rally and at this time a big correction may have come or wait for the end of the year. after a new ath occurs, it may be followed by a correction, therefore we must be careful when making short-term trading, greed in taking profits is not recommended, because at any time the arket can reverse direction and we can get hit mentally. therefore it would indeed be better to adhere to the previously established strategy |
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Trading is highly profitable yet too risky so we can do trading in some of the best ways. First of all, we need to know the market really well because the market is highly dependent on news, when any bad news is released, no one prediction not working so before trading we need to be read about the market
Trading is profitable only for the people who got enough skill to manage all the technical things of trading and news and events occurring around the bitcoin ecosystem. If you are unable to manage all these things then you should not go for trading because for the reason of it is just being profitable. Risk management must be and other thing you need to manage effectively like how you are going to set your target and stoploss level and how you are going to manage your lot size against market volatility kind of things will decide your final result in trading. if we do not have trading skills, it is better to learn first step by step, so that we can enjoy the process of maturation in the trading world. It's not easy to become a person who is good at trading, of course there will be many difficult situations to be faced, especially trading psychology |
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to protect from rising inflation, of course something must have an increase in value contained in it, as well as cryptocurrencies that are free of inflation, because the price increase will be higher than the inflation rate that occurs. therefore we must invest to secure our assets so as not to be consumed by rising inflation
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I hope that more countries or regions legalize bitcoin, it has been proven that bitcoin can provide benefits for everyone so the reason for being banned is unrealistic, Latin America and other regions need bitcoin to be able to improve the economy so that it can be on par with European countries.
economic problems in Latin American countries that made them legalize bitcoin. they seem to want to be freed from the usd bondage so that their country can recover, of course if it is done now it will have great benefits and impacts for the country's economy, because once it is legalized, of course, more people will have bitcoins, and that means they have invested |
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More adopting bitcoin certainly makes bitcoin users continue to increase, it might be too late but this is better than continuing to fight bitcoin, I believe if the influence of bitcoin gets stronger and people leave the bank so immediately adopting bitcoin is the best thing to survive.
Of course it is a good step and in any case I do not think that it is too late because for me personally it is never too late for a step forward, and talking about leaving the bank doesn't seem like it's going to happen, there's no harm in adopting both and it's a good thing Maybe it was a good step for everyone of us since it will boost the confidence of the people who are towards cryptocurrency. It was good but maybe disadvantages and advantages are always been there if changes might happen. But still, it will depend on how bank will handle bitcoin. Yes the trust level for crypto will increase if that adoption by bank will happen, knowing skeptical people want to have or see a solid foundation which they can rely on since we can't deny that there are people tagging bitcoin as scam and the presence of the bank will really help them determine that bitcoin is really a good crypto, and maybe this adoption made by legal institution can help bitcoin market itself from people who doesn't know about it yet. A bank is a business of trust, so it's automatic that people will trust bitcoin if banks will integrate it as part of their payment system. Actually, what the bank would do here is just act as a 3rd party to convert bitcoin to fiat and vice versa, for deposits, it's not necessary anymore as we are the bank of our own and in fact, we can do banking even without a bank. Since the majority of what we need in this world can be bought by fiat only, there's no way bitcoin will take over and people will use bitcoin for everything. Bank will produce money and people will use bank even bitcoin will become more popular, so it's fiat (bank), then bitcoin as an alternative. here there is a level of trust that is the basis for the development of bitcoin. it will have a positive impact if banks can accept bitcoin as a third party, that means we don't need an exchange to convert it to fiat. but the problem here is of course we will see the government's new policy to allow banks to access bitcoin, and of course this will have a big impact on the price of btc if the government does it |
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if it's just to see the price development of certain coins, what I'm familiar with is using marketcap coins, but there are new coins that have not been registered, there are also old coins that die and then disappear from coinmarketcap. many features are available, from charts to which exchanges are listed, making it easier for us to find information in it, but if you look at strategies, maybe a trading book will explain it more clearly.
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I don't think it's necessary to have full time for a trader to be successful. it all depends on the type of trading each. many traders analyze and then place pending orders and targets, and after that they can do other activities besides trading, and for some time check on their cellphones about the orders they have placed. usually they don't forget to put a stop loss as a safety
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holding and day trading are indeed different, for holding of course we choose safe coins such as btc or potential new coins, to make a profit. different from daily trading where we will certainly be more comfortable trading on major pairs, because usually technical analysis will work, if daily trading on new projects of course price fluctuations are not certain and chartist analysis does not work
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Ethereum gas fee has been denying a small trader like me from trading  . And I think the massive adoption of NFT has someway, somehow contributes to the price hike. We just hope ETH 2.0 have it resolved. The settlement of Gas fees on the Ethereum network will not occur in the near future or when ETH 2.0 is happening because that has already happened and the impact on Gas fees transactions is not there at all as it is due to the price increase occurring on Ethereum itself. this will be felt when making a transaction at a small nominal then the cost feels very large. we can't be sure when it will return as before, but at least we can choose a time that is not during peak hours to make transactions, so the fee will be cheaper than us doing transactions during peak hours |
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we as users of course compare which network is more profitable to use. With the high transaction fees of the ethereum network, the BSC network appeared, and this time the polka-dot network to the polygon network. all of that for me will still be used as needed, and of course choose the network with the lowest fee
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maybe at this time shiba is experiencing a very sharp increase, so it is natural to ask questions like that, but whether the increase will continue, I don't think so and I think bitcoin's full confidence will always be maintained, even eth or bnb are not able to outperform bitcoin
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Reading books and material is very good for trading. However, real learning comes from applying what you read. I prefer small videos over books because they cut unnecessary content. Quality is a lot more important.
Being in the field is the real thing then after that you can talk with experience. If we only do book reading, the trade will swallow up everything we have when we go in . Like you said it is better not to only read but to try out the real thing which is trading. Watching trade videos on YouTube is also not a solution alone but to trade. When we trade there is another experience that comes to it because it is real money and not rhetorics of trade. Emotions and just watching or reading won't give same action to trade. it is true that trading is an action, but theory is like reading a book that becomes our basis for taking action, the more transactions we make, the more experience we will gain, the more experience we will automatically be able to feel the market movements that will occur, and it happens like a natural, because we seem to always learn from the market |
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I think even on holidays we can still trade cryptocurrencies, because it is possible, in contrast to the forex market which will be off on Saturdays and Sundays. on this holiday we can also see the market of some pumped coins, so there are still many opportunities to trade. and that's where the difference from crypto that seems to know no time
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Usually I don't use it because I know myself when to stop and when to start the trade again. It my sound very very funny but whenever I put any trade in the stop-loss function I would be tracking the trade multiple times to check how it is doing. (Time waste 1st). Then I will check whether I am doing good or not, if I am doing good then I will just stop the stop-loss function and move the window to higher one so that I can just have more profits. (Time waste 2nd) Lolz. If I am not doing great and if it happen to go on the negative side then I will give it little more window to check if the coins gonna pump or not. (Time waste 3rd). There you go, stop-loss be like why the hell I am active? I can't control myself. If you are like this then no, stop-loss isn't for you. indeed this feature is not mandatory for every trader. I think the convenience of each trader is more decisive. in essence every trade has the same goal and with different targets for each trader. Therefore, if we are comfortable without using a stop loss, we may be able to do a cut loss if the market is outside the support area, so that the trading strategy can still be executed properly. |
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Elon Musk always thinks uniquely and often confuses people, but because of his unique idea and entry into cryptocurrencies, he became the richest person in the world, now by investing in cryptocurrencies his wealth can increase at least $1 billion per day.
he is an intelligent person whose thoughts are unpredictable, by having many followers he has a large capital to hypnotize people to follow his strategy, and there are still many people who believe, although there are also many people who are disappointed. but with his current position, of course he will be one of the influential people in cryptocurrency, every word he says will certainly be analyzed by everyone |
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It all comes down to what suits you more and where are you more profitable with. There are good investors and good traders who both make a lot of money. We can't just say that one is better than the other. The two are very different from each other, so a good investor you would not necessarily be a good trader as well. As an investor you focus more on long term trends and the big picture, whereas the trader takes advantage of short term opportunities and profits of price anomalies. As a trader you need to have a good stomach and be able to sleep well with taking higher risks. I tried both myself and find that investing suits better my risk appetite. The younger you are the easier it is to get used to the fast path environment of trading. Why not try both yourself and see what is better for you?
Very good point, it ends up from how you see your opportunities and how deal with it in the right manner, Both are good if you see the value of the business, people who knows how to make good money out from this industry use either trading or investing, and some also combine the two and still gaining decently. All that matters is how you understand and make a good use of that knowledge to turned it to cash making strategy. compatibility in choosing a trade or investment can only be felt by ourselves, and we personally can know the comfort in making money. In trading or investing, psychological factors greatly affect both of them in our journey, especially for trading that really requires experience in dealing with the market, but it is not uncommon for those who feel challenged to trade. |
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There are rarely any specific cases where bitcoin price drops for one exact reason, and goes back up for a specific reason as well. It is usually something that market does all by itself and then recovers whenever it wants to. This time around it was something in the 24 hour margin and that happens all the time as well, it is not very unique or rare.
You have been checking just 3 coins so you saw that, but if you checked the whole market you would have seen a lot of coins went down at the exact same time and went up together as well. This is something you will keep seeing in crypto world many many more times in the future. Also welcome to the crypto bandwagon, it is really profitable, hope you have fun.
We all keep asking this same question a lot, what happened to Bitcoin and other cryptocurrencies? Well, these are volatile assets that you are about to invest in, so you should always expect some decrease and increase here and there. It’s not going to be a stable investment, at every second the market is going to get a shake and the price will change even to the least you expected. Yes sometimes we do see events that take place and trigger all these changes, but it is not all the time that all these things happen, so just take it that there are times it is bound to happen even without any event having to take place. You know the market is based on demand and supply, so that’s also going to play a role on the market price By knowing that it is not a stable asset, we mentally prepare to be patient and observe movement calmly. what we have to believe is that later the price will exceed the current purchase price, and at that time we can take profit according to the target. therefore we have to hold back to panic sell like most people's mistakes |
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Still can’t understand why these guys shill all sorts of shitcoins related to the dogs/frogs/kwoks, but at the same time they ignore the current problems and how other projects solve them? I think ApeFarmer is very underestimated in this regard. Check it out.
Why are you so concerned about the work of others who ignore Shitcoin ? shouldn't that be ignored because it has no use at all and also has no potential for the future, and it's also the same as the project you suggested Yes, no matter what people say about one or two projects that look profitable in the future, we need to search for ourselves because we do not want to waste our money to pick the wrong project. Those people can say anything about the project but if we already get one or two projects based on our research, we should stick to it and not change our minds by accepting what they say. If he wants to play with Shitcoin while we have the other potential coins, he will know what his coin will give to him. the decision to invest must come from within ourselves, therefore we should analyze ourselves about the coin that we will examine. like this, although many people say they will give big in the future, but if we say we are not sure, then I don't think we should continue. of course there are many other potential coins that have a good view in our eyes |
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The community does have a big role in the development of a project, the bigger the community, the more solid the project. we know shiba who even though elon has no assets in it, but until now it still survives, even better. from here the support of the community and new investors will certainly bring shiba to the top of coinmarketcap
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Everybody knows that Dogecoin was created as a joke, but now it is worth real money. Do you think it is real to earn on it or it's all a big bubble?
It's still a joke even it's worth real money. As long as it has trading volume, there are people who will trade it. But to hold DOGE because of its fundamentals? I doubt the majority thinks of it that way. They are trading that joke coin because it's good for short-term trades and easy to manipulate. With just one action to make it hype again, the DOGE market reacts right away. That's the risky part of trading that coin. DOGE coins from them we can learn memes are not always considered jokes, sometimes jokes are painful in reality , just like DOGE coins have serious value and they keep it hoping to break $1 dollars back even more Yeah its a meme coin but this one had survived how many years compared into those so called good project( scam coin) which owners been trying to advertise or make people believe but still ending up on a demise or simply died out without getting that much attention thats why DOGE is something which is way more useful or relevant compared into those coins that arent even getting that much value or recognition. having the richest person behind him makes doge full of hope, moreover I think there are still many holders who are here waiting for the price to react. we don't know later, but doge is still able to survive so far and is still at the top of coinmarketcap. but for me need to be wary to invest in it, considering this is a meme coin |
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