I tried to check on mobile but I couldn't find this copy trading feature on Binance mobile is this only available on desktop?
I found the announcement about copy trading it seems it is not currently available to some users only selected customers can able to use copy trading.
Did a quick search on the major exchanges that supports copy trading. I think this will help a source from Coinbureau https://www.coinbureau.com/review/bitget-copy-trading-review/ |
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I spoke to a tutor who teaches trading, and he said for his lectures, he teaches for an extended period of nine months for anyone who wants to learn trading from him. Please I like to read the personal experience of some traders here, how long did it take you to learn to trade profitably, and what was the hardest thing to learn? did it take you weeks, months or years? Do you think that trading can be learnt well in a short time like three weeks for a quick trader? Can someone who is a professional trader just go straight to the point pointing out what is needed to make a successful trader to a newbie to learn quickly?
Learning never ends. It all depends on your determination and how well you put what you do into practice. I'm not saying I'm perfect yet but I use different tactics to hone my strategy in trading. Like the Range Sniper I use sometimes for prediction where price could reach in the next seven days. Sometimes I win, while sometimes I lose. These will make me look into what mistake I made to miss my target |
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To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
Don't believe to anyone claiming they hold, or tell you to hold, that is BS. If you care to think of maximizing your profit then you should have thought of holding just enough for the next bull run and buy again during the bear market. People might trick anyone they come across with to say to hold but in fact they are selling their own crypto. I honestly feel that Bitcoin won't be higher than its all high, I'm still positive but needs more data to see. I feel that there isn't too much excitement and this adrenaline feeling anymore; suddenly you'd see Bitcoin climb or crash; you'd be curious when it'd stop, what your next move would be, or simply feel accomplished seeing your money's value grow. Price movements are quite insignificant at this point compared to the huge pumps or dumps that occurred in 2020 or 2021.
That's part of the market cycle, we're not always on top or bull market, there are phases we need to cross, there are changes we need to adopt, and there are opportunities we need to explore around crypto. I agree with you. We mostly hold for profit. In the recent post I made about "Know when to stop" and talked about how I leveraged an opportunity when Bitcoin retraced. We only need to know the right time to hold |
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If you ever catch yourself hurrying to make a trade – Pause.
If you're consumed by doubts about whether buying or selling is the right move – Pause.
If emotions start to dominate your decision-making – Pause.
If I see the price of bitcoin drop to $20000 today, I will rush and buy more bitcoin. Investing and trading are different, but you post is more for traders not investors. Because you do not doubt to open a position and you open a position, that does not mean that you are a good trader. Have you see a market that has fallen before, the indicators confirmed strong buy, you buy and the market just start to fall and fall more. Trading is very risky and a new trader may not know unless he has started to trade. If emotional starts to dominate, yes it is better to stop trading at that time. No, not really for traders. That's why I talked about the strategy that could be quite productive. This strategy is primarily employed when you've identified key levels where you anticipate the market may retrace. Let me use myself as an example. I placed a bid using the Dual Investment Strategy at 26k when the market was at 28k. While many were eagerly anticipating a rise to 30k, I had my reasons to believe that the market might retrace. I didn't bother constantly monitoring the charts during the days when everyone was fixated on the possibility of a 30k breakout. It wasn't until yesterday that I noticed numerous traders discussing a 22k target. This situation, albeit somewhat amusing, inspired me to write this. I wanted to encourage others to have faith in their strategies or perhaps consider using this approach to alleviate the fear of missing out. |
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The cryptocurrency market is known for its swift movements, which can often lead to impulsive reactions. When you wake up to a sea of red in the market, the instinct might be to either rush in to buy or hastily sell. However, the best response often involves taking a step back. It's essential to learn to recognize warning signs that indicate you should pause and reflect before making decisions.
Investing in Bitcoin or cryptocurrency in general is more of a marathon than a sprint. You'll likely be part of this market for many years, and during that time, you'll witness significant fluctuations.
If you ever catch yourself hurrying to make a trade – Pause.
If you become irritable when someone interrupts you as you analyze your investments – Pause.
If you're consumed by doubts about whether buying or selling is the right move – Pause.
If emotions start to dominate your decision-making – Pause.
Your decisions should be made thoughtfully. You should have clear reasons for buying or selling a specific cryptocurrency and how it aligns with your overall strategy. Make choices based on your strategy's principles.
Whenever you feel rushed and find yourself making decisions without considering your strategy, step back and take a break. Return when you can approach your decisions in a deliberate manner.
Perhaps all you need is a short coffee break, or maybe you should step away for a day or even a week. Your portfolio will still be there when you return. Remember, you're not a day trader. You don't have to react to every minor market swing. Not a single day in the market should make you feel like you're racing against time.
One of the advantages of the Dual Investment Strategy, which I've discussed before, and it doesn't really demand constant attention. You can set up your portfolio, step back, and live your life, checking on your investments when it's convenient for you. Let your life schedule when you review your portfolio, rather than letting the market dictate your life. There's nothing in this strategy that necessitates an immediate reaction to market movements. Just because the market is moving rapidly doesn't mean you have to follow the crowd blindly. The same holds true for the Dollar Cost Averaging (DCA) method.
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One of the most powerful words that resonates strongly among bitcoiners is the word "HODL". This word describes our undying faith in bitcoin's past, present and future potential. In the bitcoin community, there are those who have been holding for a long-term and also those who have just started hodling because they are moved by the fast approaching halving event in 2024. As we are holding bitcoin we should be vigilant because hackers and scammers tirelessly seek opportunities and loopholes to steal your bitcoin. Therefore, it is not enough to hold but HODL WISELY. There are more than one thousand ways to HODL bitcoin. In fact, as of 2022 there were about 2,790 Bitcoin-related applications are available on the Google Play Store while Apple Store had about 651 such apps. To add to this there are 288 hardware wallets and 44 bearer tokens in circulation, all of there telling you that they are able to secure your bitcoin holdings Don't just hold but hold wisely and securely. This topic is inspired by the responses I received in this thread - How Do I Verify the Integrity of Open-Source Code. Image source: Guess we're thinking alike. Just made a post about security and the factors we should look Into to avoid such mistakes. Nowhere is safe but where we keep our assets is very crucial |
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With hacks occurring more frequently these days, I would strongly emphasize the importance of security. Whether it's a decentralized exchange (DEX) or a centralized exchange (CEX), no one is immune. First, we witnessed the Mixin incident, and now it's Galxe. It's crucial for everyone to assess the security measures of any platform before entrusting their funds. We all bear the responsibility to conduct thorough research before investing our hard-earned money
Nothing in life is safe, but grouping all CEXes as equally unsafe is ignorant, just like all DEXes. There are most likely going to be more hacks in the future in both of them, but maybe focus on the exchanges that have been legit, old, never hacked or at least compensated losses. There are more trustworthy Dexes out then random hacked ones you posted just like there are more Trustworthy CEXes. The one you posted on your edit (Bitget), is not one of them. Not a change i would ever recommend that CEX to anyone. Perhaps, the situation is already been accepted and seems we don't have another option but to trust and use legit exchanges who could carry responsibility for the safety of the client's funds. Now that most exchanges have gotten into that vulnerability, the more we have to be smart about where to keep our funds. In fact, even our personal wallet is not safe. And this is to tell everyone especially newcomers to just think several times before entering crypto and must know how to keep their funds safely (at least). That's all we have for now that's why we need to choose those reputable exchange and rely on the words they give that they will not compromised the funds of their consumers and provide better service among any other exchange who exist in the market. To many times we see a lot of big or small exchange got compromised that's why its better that we shouldn't put any excess funds and always store the huge holdings in wallets that we hold the keys so that no big fall down if suddenly we will see a major collapsed and can easily move on. For so many this issue happen I really believe that to many people learn from other or their mistakes made since its hard to file a complaint or get a refund if crappy things happen on the exchange we believe to be a good platform. You seem to grasp the message I'm conveying. We can't even be entirely sure about the safety of our personal wallets. Things have been quite unpredictable. Safety measures not only depend on us but also on how these exchanges respond to security issues. The one mentioned in my post has a user Protection Fund, similar to Binance's SAFU. This means they are prepared to compensate their users and also a Proof of Reserve. Moreover, they have significantly enhanced their security measures to a maximum level not like they have experience any security breach directly from my research. We all remember the saying: It's not just what they say that matters, but the actions they take! Is good we see exchanges putting into action all they say to enhance their user's trust |
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Having knowledge of basic security when using the internet is really a must especially if your money is stored online like cryptocurrencies.
Another thing is even though we know that nowhere is safe even though centralized exchange is reputable, we really still need to protect our funds by avoiding storing your cryptocurrencies on the exchange, you can create your personal wallet.
Another thing is having knowledge abut scams/hacks just like identifying phishing sites or some scams, it is really helpful.
Yes! Definitely, I just Updated the post with something I found on Twitter. I hope it will help so many people to avoid this |
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With hacks occurring more frequently these days, I would strongly emphasize the importance of security. Whether it's a decentralized exchange (DEX) or a centralized exchange (CEX), no one is immune. First, we witnessed the Mixin incident, and now it's Galxe. It's crucial for everyone to assess the security measures of any platform before entrusting their funds. We all bear the responsibility to conduct thorough research before investing our hard-earned money Edit: ok guys, I have gone through everyone comments and I like the fact we all understand why Security is very much important especially when it involves our assets. Like someone said in the comment section. "When it involves putting our money in BTC, we should be ready to take risk." And this is absolutely right. So, I bumped into something that is interesting on twitter which I think all exchanges should be putting into practice wether DEX or CEX. I believe with this, 1 quarter of the security breaching would be solved. https://x.com/bitgetglobal/status/1711319577714708889?s=20I also hope this would help many people who don't know how to go about with exchanges to use when it comes to security. Risk is inevitable, but let choose them.wisely! |
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Overall you give good advice, the only thing I would add is that DCA is also good for people who don't have a big income and therefore can only invest what they save from their paycheck. For most salaried people. I am not a newbie and I do it. Note that one can never increase his bitcoin investment portfolio through trading but rather you will decrease or loss your bitcoin through trading, because trading isn't something very easy as people thinks it is. HODLing is the only way out.
Well, it's not exactly like that. Yes, there is a small percentage of people who make money from trading, but it requires a lot of dedication, study and effort. It is much easier and safer to buy and hold Bitcoin in the long run. You need to have a means of income to enable you buy bitcoin, and if your income is very low, try to get a second means of income, if you really believe in bitcoin. No amount is too small to invest with, the earlier the better as time waits for no one.
Good advice. Haha. Yes! That was good advice. Remembered reading a post on Twitter saying if anyone has below 10k USD should forget about buying BTC. Well, been using Dual Investment to get it right because I promised myself not to let anyone make me miss this |
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Let me know!
The future is how well you play it because everything is in your hands. You have the opportunity to make money or lose money. Which would you choose? I choose to win all the time. That's why I never joke with any opportunity coming. Earn passively and trade too. Do some little tasks to earn a reward too. Even using some good exchange products like smart trends to assist in this. No time for excuses |
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For those who don't know about this platform "Galxe is web3 based platform which offer projects to connect with audience. As far I know this is biggest platform which has partnerships with almost all big projects including Optimism, Arbitrum, Layerzero and many others. People use it to claim airdrop/NFT/Oat/Whitelist.
Yes last year I used to claim free NFT here from one project, I stopped doing this claim because I cannot keep up with thousands of those who wants to claim I always ended getting nothing I disconnect my wallet here to stop the notification of a new NFT to claim, this platform is huge, there thousands of connected wallet here. This is the risk of connecting your wallet in a platform be sure to use new wallet if you're going to connect it to a contract based platform, you never know what's going to to happen, hackers are very active in targeting big platform like Galxe. Lucky you man! Seems decentralised exchange ain't safe either. I always say it we should play it safe. Guess I'll stick with the centralised exchange and get through some decentralised opportunities using B-swap |
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You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.
Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.
I don't know if anyone else has different opinion about it?
Yeah, the method remains the best to the point Dual Investment became a replication of it. But one thing about DCA is that you need to stay informed in order not to miss out unlike the latter |
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Now let's choose For me I will just go with Fx and my reasons is this Learning FX gives you the foundational level and knowledge to Investment,when you learn FX you can predict what to invest on,which gives you two additional knowledge at a time. However, you might be in support or the other way round or might have anything to add or correct,all welcomed let's here your choice  You try to brush the topic on FX and you also add am investment. I for talk say we need to understand say when we talk about investment, no be only cryptocurrency hodling be investment or the only area wey be investment. Like you have different investment before crypto, although I read where you say you dey particular about digital currency and I take am to be crypto hodling but not FX (trading) or crypto (trading). Having said that, you need understand again say when FX is mentioned say that one mean trading fiat and crypto investment mean hodling crypto because people still dey trade crypto and that one no be crypto investment again because you fit lose all your money for anything wey be trading both FX or crypto trading and FX no be fiat hodling. So you fit still see people wey dey hodl fiat and that one fit still be fiat investment/hodling just like crypto hodling or investment. But I know no who go want hodl Naira and call am investment because inflation go chop am finish and scrap him head like as if him enter barber shop. So , but people fit hodl $ € and other foreign currency as fiat investment because potential to rise dey there and high. Learning FX gives you the foundational level and knowledge to Investment,when you learn FX you can predict what to invest on,which gives you two additional knowledge at a time. For this level, I no really know wetin you carry for mind because when you talk about FX that one na trading fiat currency, so if you dey carry "knowledge to investment" join am except you dey talk about knowing the fiat wey you want hodl for your domi account like the politicians and the "big boys " dey do. Them dey keep foreign currency for their domicilliary account and expect am to appreciate just like crypto or bitcoin. However, you fit know about the strength of other foreign currency and their economy if you dey do FX but strictly, when you talk about FX then you dey talk the trading of fiat/currency no be investment. And that na very risky thing to do. If you don read about am you go know and that na why people prefer to still dey hodl crypto than trading it. So, me I choose to hold or invest in crypto not trading. True. I hold some coins too and just make some passive income from it at least some exchanges are advancing now. Like this Smart portfolio bot wey come out. It's really helpful thus far |
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When I discovered that the Bitcoin halving was appropriate for what I was doing at the time, I had already started building up the potential cryptocurrency I had seen when it coincided with a rise in Bitcoin's market price. So, a few months back, I was completing the DCA.
As a result, it is certain that the altcoins will follow Bitcoin's movement during the future halving, knowing that Bitcoin's value price has increased on its own day. Additionally, I believe that this time it would be very difficult for the holders to increase their funds.
Definitely! Already down with dual investment just like the DCA, it gets the low automatically. Let's keep hoping to see where price will lead by next year |
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There is nothing hard to know about bitcoin halving. It occurs after every 210000 block has been mined. The next halving will occur after block 840000 has been mined which is estimated to be in April 2024.
After halving, people fomo and buy bitcoin which may likely still happen after 2024 halving. Months after halving, the price of bitcoin will increase as more people invested in it and as more money is invested on it.
Edit:
After halving, bitcoin mining reward will halve. The reward is 6.25 BTC right now. It will be halved and become 3.125 BTC.
In my opinion, the concept of block mining is still high enough for beginners to understand. Maybe we can look for other examples with things that are common or often encountered regarding how important Bitcoin's value will be during the halving. For example, providing a comparison of Bitcoin price movements every time it touches ATH. Because that way beginners will be more interested. When it comes to convincing novice investors we are always faced with basic questions. So taking concrete examples will be a solution to provide understanding more quickly. Exactly! This is what I had in mind. The way we understand Bitcoin might not be the same way others particularly those newly into crypto would understand it. Let's talk about trading for instance. When someone new wants to trade we tend to tell them to start with Spot trading to understand the basics of trading. All of them still consist of buy and sell or we either tell them to use Copy trading. Major exchanges do have good traders for that. Little things like this would help those eager to learn to understand the foundation before diving into it |
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Hello, what options are there at the moment to trade without fees?
I saw a video some time ago that talked about an exchange (maybe it was quantfury) that offered trading without commissions? has anyone used this exchange?
Is there any exchange that offers spot trading without fees at the moment? is bitget still offering it? and if so, what should I take into account when trading? liquidity issues etc?
Any other options?
Yup, they still do. You can check out each step of getting through a coupon for a free trade https://www.bitget.com/events/rewards |
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I am in crypto for a few years and i have good knowledge of the crypto markets and their behavior. For the past few years, I am mostly invested in some top crypto project and held it till I get decent profits. You can say i am a holder. Now I want to try something different. I want to try day trading methods to generate a daily income from the spot market.
Is that even possible to earn 50$-100$ every day with spot trading? If yes then what methods you are using and how do you manage your risk?
For Spot trading, you can use DCA or Dual Investment method. Since you said you have studied the market and know how it works, it will be easy for you to use. Just get the price at a low price and sell when it gets high. |
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I'm not a fan of blockchain games yet. They have nothing interesting yet. Opportunity to earn? Well, so myself. I will not say that this way of spending time will bring profit. And interest? Well, in a snake, you can play on nokia 3310. And it will be much more epic.
Dude just called this a dump in 2 secs. Lol, but yeah. I don't think its profitable like the event I do or turntable. |
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