So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?
You have to weigh your options carefully. You can actually cut loss. I have made that because there is another altcoin I am shifting to. But I have also made the holding until the value goes too low and just waited for it to recover. Depends on the coin and the timing. I think this technique may not work as well as it is serving in your case. I think it is something which demands you to remain calm and cool no matter what the circumstances are. The first thing you need to do is do not panic after loss. You need to learn from your past mistakes and should make your decisions very much carefully. |
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If the coins you hold are on poloniex list, you don't have to worry, because altcoin available on trading list is a result of rigorous selection. No need to panic, even if price falls significantly. Let alone, later if it's time surely he will jump high and your investment also brings benefits.
I will second you without having a second thought. I think if you don’t have much time or knowledge to do trading, then holding is the best thing which you can do. Holding is very much profitable if you are planning for long term investment. You can make out a good profit at the end. |
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nothing is instant, you just need to keep trying and be patient. everyone does the same process as you.
They learn and then produce, you just need to keep reading and learning and then practice it. if anything is difficult this forum is the right answer.
someday you will become a successful person.
I am agree with you that nothing is instant in this universe, you have to struggle more and more and not to be dishearted in case you get failed I mean you have to show patience all the time. Full determination and with a strong well power. Learning by doing and thoroughly studding all the earning practices will surely make you a successful person. |
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Bitcoin is intended to be used as money. The extent to which it differs from the various definitions of money is primarily due to its unpopularity and lack of government sanction, which in my opinion should not matter when speaking about it as "money."
Yes, there is no harm if we consider that bitcoin is the same as the money will be different but the shape is called a digital currency. If the money we can use in the real world and directly but if bitcoin it could only be used in the internet world. but in the end it also endowed a bitcoin can we use to help our real life needs. with bitcoin we can make money is useful in the future. yes I am agree with you that bit coin has been defined by different people in different angles but I like your one’s that bitcoin is a transactional tool which can be converted to any local currency and can be used in online buying, selling etc I also like bitcoin because it has converted the life of so many people from poverty to wealthy lifestyle. |
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For me gambling is a routine business, like eating and sleeping !
I don't even have reasons to explain why I play this game by force I practiced it.
Are you sure that you aren't addicted to gambling then? Because it looks like you are - gambling shouldn't ever be anything more than fun activity to spend free time. I bet you think about any good strategies and stuff like that how to earn more... You won't earn more if you'll play more, as it is all about luck. I think the person does not care about whether he is addicted to the gambling or not but definitely he is suffering from its addiction. Gambling is not a way of earning money; it is just a game which must be played for the sake of fun only. Indeed it is so random that you can never earn good money. |
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Trading is better than gambling because there is no way that you could ever loose all of your money in trading in case of a market crash as it is evident from past that after every bust there is also a boom, so we should be patient and every trading session pays off.
This is true. Unlike trading, gambling money once lost cannot be recovered or the chances of recouping are very less. Trading is all about staying patient during the dump phase, increasing the amount of the asset and selling out in the pump phase, earning huge profits. Trading is a lot beneficial than gambling. |
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When do you decide to sell?
Is it a sat, a % of profit, or even a randomly thought up number in your head?
I am new to trading Crypto, but when I traded other stocks, I would aim for a certain percentage.
This seems much easier to hit that percentage, but much more risky.
How do you determine when to let it go?
Whenever you buy a coin, always set your target profit and when will you cut loss. It depends on what is your target profit, depending on what your TAs is, or what did others say. But if you will decide, 5-10% profit will do for a short term trading. And if you are a long term trader, 100% and above. I am highly in favor of setting your limits, whenever you are limitless there are maximum chances of experiencing great losses. Setting a target and then working to achieve them gives proper direction to your efforts and hard work. I always sell my bitcoins after I have reached my targets and I am happy for reaching my targets with bitcoins. |
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I will try to hold my bitcoin or buy it, because this is my best way.
This is in fact a very good idea. In my point of view, there is no other better investment than Bitcoin investment. In the present day, there are so many investors who are investing in Bitcoin. People are earning a good amount of money by investing in this field. If you know about Bitcoin and you have enough resources, then you should definitely go for Bitcoin investment. |
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You can never garantee turning gambling in to a 100% profitable activity that's why it's called gambling. As long as you gamble, you may win sometimes, you will loose your money.
It is a fatal disease to your money, we can say. Gambling may give you some urgent winnings and you become happy but it is a fact, a universal, it never profit you even then anymore. You can’t make such profitable turning from gambling, better is to leave. |
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If I really need money, then I will try to find additional work or sell some coins. But I will not take out a loan or get into debt, because it is unacceptable for me.
Yes that will be better. Instead of begging some loan or making yourself in debts will not make you prosperous later. Good strategy will be to either use your own savings for emergencies or if you don’t have any, then selling bitcoin at any cost will be more preferable. |
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i think gold still better for giving to woman but for giving to clever woman bitcoin is more greater  im trying to give some explanation about bitcoin to my girlfriend hope she is interesting and can help me to earning bitcoin too  For woman, Gold like precious jewelry and they do not care the value of it like Bitcoin. Because default, the value of Gold always high becaue it rare, why they need to care that ? Yes you are 100 percent right if the security issue be raised then no doubt gold is far better than bitcoin, because the blockchain wallet can be stolen or hacked anytime by thieves and hackers. While the gold cannot be stolen so easily if you keep them I your bank lockers. On the other hand if we talk about the business and earn more money in a less time, then bitcoin is better than gold, because it is money and business both. |
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A lot of of the purpose as to why some nations don't assist bitcoin is mainly simply because the Federal government fears that they will drop the manage in excess of the cash supply as well as of the financial system. They management every person in the region by manage the income source. and bitcoin tries to crack this handle of the point out.
Yes you are 100 % right that there are several places where people even don’t know about internet and other modern technologies , so they needs awareness campaigns as well proved them other facilities to make their connection with the new world and they get benefited from bit coin. |
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I think a 1 single Gold is still much more valuable than 1 single Bitcoin but maybe in terms of the growth through the years the real winner is Bitcoin and no doubt about that because Bitcoin is not yet 10 years in existence.
As Gold is tangible while Bitcoin is not it is in different league but with a certain amount of value you can differentiate them but please never compare them and tell that Bitcoin defeated gold.
Gold has been on the earth since dark ages and the use has gone wild by now that why it is having that much value. But just look at the bitcoin, it not even full grown child and it has got the value competing to gold. This could not be achieved with any other asset and ven if you try to create one another it will fail to do so. Yeah I know there is no comparison should be done with these two assets which are completely different in nature. One is gold, a precious metal and another is bitcoin which is virtual and bunch of codes over the blockchain. But still we can see the power of advancement and choice of people to invest money. That's for sure digital one and with the advancement it will increase more. Yes I agree with you that gold has its own value and the people most believe in bold because it is a tangible thing and is usable for a long time. On the other hand bitcoin is a new thing and most of the people do not still believe in it, and avoid themselves from investing in it. I think if bitcoin overcome all the currencies of the world, the gold will still be there in the market and will remain forever. |
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Bitcoin Drops Below $5,000, news source - coindesk..
Coz, biggest sell-off since mid-July.
So, it can drop to 4k usd.
So!! need patience..
Best of luck guys
It will be in favor with the investors especially those who are buying Bitcoin. But we don't need to panic whith this situation such as this because we all know that Bitcoin is volatile. Backdrops and downfalls are always expected such that fluctuations seems to be normal in Bitcoin. It will then again increase, and as you've said, we just need to be patient and wait. Whenever the price falls weshould not really get panic or we shuld take it as a chance or opportunity for us to buy some more. Bitcoin have the ability to increase as time paased by just be patient. I think nothing in the market is happening to come down the price of bitcoin drastically. A bit variation in the price is not fall down, whereas it is reality that market give us a chance to buy bitcoin that time and we should have to buy with low price because it is predicted that by the end of this year the price of bitcoin will go up upto $5500=1btc. The price is not going down its going up in future. |
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Yes i think it is the perfect time because who knows how much it is going to rise up and what if it is $4k this week and like $10k next month 5then the people who did not believe will regret that
they selled it and the people who bought it will have profit.
Absolutely perfect to buy now because with the passage of time the value will increase not decrease. I suggest that 4500$ would also be perfect for buying bitcoin because the price is expecting very high in 2018. So I think in the range of 4000-5000 it is good time to buy. People are of the view that the price will go down from 4000$ but they are in sweet dream and it is not expected in the history of bitcoin. |
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I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.
1) More security (especially if you are careful).
2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.
3) Fast, worldwide transactions at your fingertips.
4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.
THere are many reason why we need to have bitcoin instead of cash and the major reason for me was its unstable value. BItcoin has the ability to pump and dump so that it is surely possible that it will continuously rise in the near future, I hope. IN addition many users are holding bitcoin with the same reason as mine. For sure I am also going to choose bitcoin than the fiat money so I want to have space in my bitcoin wallet and want to invest my simple money to convert it into bitcoin so it is easy to transfer to the other person without cutting and have almost the same value as much you have transferred. It is easy to cash out at the time of the need and no one will steal your used amount from the cashed one no one can steal your bitcoin without your permission because of the bitcoin key. So it is safer than the fiat money. Indeed! It is the safest way to send and receive money. I think in the present day as well as in the coming days, people will be attracted more towards digital things rather than typical things. The advantages which Bitcoin and all other Digital currencies are giving, I think there will hardly any person who will go for cash leaving out the most secure money. |
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For me trading altcoin is better and more profitable and ofcourse you can earn much more if you were have a knowledge in trading and also the skill.. Than holding it because of the unstable value when you only holding it.
Definitely trading altcoins is the better option these days because of large fluctuations caused in the prices of bitcoins due to the ban imposed by the Chinese government. By trading you can keep earning your money instead of holding your bitcoins to rise again and then start trading them. So go for trading your altcoins. |
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We are still gambling because we still have hope to win and get our money back and win much more money. Greed and addiction are what makes up gamble again. If we had a strong willpower and determination, we would not even gamble because we know that gambling could be so addicting, and once you start to gamble, you will not get out of it easily.
If a person is not inclined to greed, then he will always be able to easily quit the game. The problem is that many people are too greedy and not just in gambling. greediness is one of the reason why people still continue to gamble even if they know they always lose. but there's other factors on why they continue it, maybe it's their nature to play such things like it's their source of income and many more. Greediness and expectation will make people come back and play again because of these two reasons many gamblers will come back. even they know making and getting back lost is not easy in gambling but still, they try it's not their problem it's their greedy problem. It will not let them stop gambling. When you control your greediness, then you will never come back after getting any bad experience in gambling. People sometimes also expect that a big win is coming their way soon if they have lost recently. It isn't always greediness though, people also play for the entertainment as they enjoy the games. Some people do play gambling for the sake of fun only but they also develop this thinking with the passage of time when the reality is opened to them that gambling is not meant for earning money and greed will only bring destruction. So either they stop gambling or change their way of thinking. |
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I never admit even such an option. Why play, until such a moment to lose your job? Here the answer is one: a person depends on gambling.
That's true. As far as someone is not depending upon gambling, there is no way that he will lose his time from school or job. I keep on repeating myself in the hope of being listened but my efforts don't produce any good results. Do not even think about gambling in your whole life. |
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I also thought about this problem when I got the Bictoin cash from the hardfork. I converted a portion of it, as I am not very bullish on BCH, for the longer terms I will only hold BTC
It’s is nice move of you converted our bitcoin cash to bitcoins because we all know it is just like other altcoins who are struggling to attract large number of investors. Bitcoins are so far the best option for long term investments since they are not easily destroyable like other assets. |
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