You lack one more thing, that is discipline. Investors need to have their own rules and investment strategies. when they set their plans and they lack discipline, their strategy will be deviated and there is no more accuracy in investment. that's the mistake most investors make.
Prolly' one of the essential for a good investor. Self-discipline speak a lot of words because if you have self-discipline then you are patient, not greedy and many more. Self-discipline is one of the secret ingredients of the successful people on how they succeed in life because they are so discipline that they stick to their plans without considering other's opinion. |
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Even though we are already in the year of 2019, we should not still expect that the cryptocurrencies will become a payment method for goods for the mainstream stores either online or offline. It will still take a long time before the people will start trusting these cryptocurrencies since people are not used to trust a full time type of currency.
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You don't really need to accept bitcoin to be a successful business, in fact very few companies actually accept it. right now it is much more of a speculative asset than a usable currency due to its volatile nature.
It is true that it doesn't really require to accept bitcoin as a payment method in order to become successful but this thread is asking on how much important bitcoin for entrepreneurs and i think that it is important because it could be an asset for them to store their money for emergency purposes while expecting a huge return from it. |
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It is a good news and a bad news at the same time to know that each country has their own cryptocurrency. For good news, it is a good news because we can really say that cryptocurrency are now very well known for every country while the bad news or bad side for this is it will just become another type of altcoin that is going to be worthless after a few months or years because it is really unnecessary for each country to make their own cryptocurrency because there is already useful cryptocurrencies like bitcoin out there.
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If you are really passionate about trading and if you are just getting started in trading as a newbie. You should do paper trading first before you put your real money into your trading account to avoid massive losses since newbies tend to lose a lot of money because of their greediness and just random analysis type of trading. Learn from your errors and correct them and apply those things to your next paper trade and once you are convinced with your results in paper trading then start putting your real money to test your skills and newly acquired knowledge.
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You should try day trading the altcoins from top 10 below because they are more flexible and more vulnerable to high fluctuations of price and that means a more room for you to make profit from day to day basis. Day trading is a very risky way to make money but if you are a master of technical analysis then i don't think that you need to worry about losing a lot of money.
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My strategy for the bullish market is simple. Ride the support and resistance and try to maximize the profit by applying it also to the altcoins who has a lot of hype and good news. It is very simple because finding the support and resistance of a coin is a piece of cake and even with that simple strategy, you can make thousand of dollars if you have self-discipline.
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Every traders must learn from their mistake. Just a little percent of them who not do it. Like me  , i know i always panic. But until now i can't get out from that feel every market get down and i loss my assets. At least you acknowledge your mistake. It is the first step in correcting which is identifying the topic where you are weak and then you need to work on that in order to improve. To prevent panic from happening invest in those coins that you are confident about in terms of future gains. Remember that every altcoin creator out there is after your precious bitcoins and in no matter what circumstance you fall in the amount that you give to their coins should be minimum and cashed out to bitcoin as soon as you get some gains in price. These are not to be held for long term rather cash and dash is what should be in your mind. Learning from the mistakes that we have done is the best thing that a trader can do in order to become successful in the future because it will become his basis for his future trading decisions because he will identify the errors and correct them accordingly and it will result for create a newer and more effective trading strategy. |
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A good exchange should have the following. First, a good exchange should have a user friendly interface where people can easily get into the basic things regarding to the usage of exchange. Second, a good exchange should have a responsive customer service where they will guide the confused users and resolve all of their problems. Third, a good exchange should have a high level of security to make sure that even though there will be a cyber attack, it can sustain itself and it will not let the hackers steal their money. Even with just those 3 qualifications of mine, it is enough for me to trust them with my money.
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In the future, bitcoin might become worthless because it is just like the Nokia of the mobile phones where it was the one who pioneered the market and it gives idea to the future mobile phone creators and since it is the pioneer, it slows down until the newer ones outperformed it because they have a better and more advanced features. I think that is the same thing that will happen to bitcoin in the future.
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We can't conclude anything because the market and the movement of bitcoin is unstable and volatile. Bitcoin is always surprising and could surpass our expectations. Holders would always support bitcoin because it has passed all the tests of time and we got no reason to doubt about it. I believe that it couldn't repeat it's history because it could actually do more than what it did last bull run.
I am also bullish with bitcoin and I also believed that it can do better from the last all time high. One of the important conditions for the progress of bitcoin to be stable is to have no manipulators in the market because it is one of the contributors of massive price movement which is not an organic growth for a solid investment. |
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We are still in the process of evolving because of the technology and we should not rush things because all of the great things take time before they are fully implemented. To answer the question of this thread, yes I still need cash for everyday use because some of the places that I go are not still accepting cryptocurrencies or any cashless payment method, so it is still a must for me to bring cold cash everyday.
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I would just follow the step that I have read in this forum that the OP would invest 10% of his/her monthly salary,
I think it is the best step to be prepared to the bull run and to it could be consider as your saving you could just wait for the next bull run.
Investing at least 10% of your monthly salary is a good practice for investing for long term. The next bull run will be on this year, in my opinion. Even though the price of bitcoin is not really got that high, it is a pleasing moment to see some increase for the price after a long price correction in the market. With this movement of the price, I think I'll probably buy some bitcoins next week. |
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Always is time for investment because it just depend on how a person will manage his fund to bring out the maximum potential of his investment. Investing just like for example in ICOs is a good way to make a lot of money in a very fast way because you will buy coins at a very low price and you will just hold them for long term and if the project and team is good at managing it and meeting their targets on their road maps then you will have at least x100 return on your investment.
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Telegram link on op is not working. Please update it.  |
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Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.
As another mode of payment which may suit our convenience, I believe that it is still better to have bitcoin but I don't think that it could replace fiat. We all know that physical money is a well known way of transactions from generation to generation and no other currency could replace it that easy. It might take time and there are still lots of things to consider. |
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There are many exchanges out there. Which one do you use and why?
Thanks!
Binance and kucoin are two of my favorite exchange because I find it more secure and safe as well. I have been trading through these exchange and find it faster and less hassle. The problem these days is just the increasing number of the transaction fees which is quite hard to bear. |
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Looking at the current market, many people are disappointed in the market price, bitcoin prices stomping at the $ 7000 level, altcoin prices are falling deeply. Recent good news, however, shows that the market continues to grow and has great potential in the future. What would you do this time: Buy bitcoin, buy altcoin or do nothing?
I guess we can't still do anything about the market situation but just to have more patience. The prices are dropping down but the market would surely recover where we could gain a better profit. It is actually the best time for us to buy more altcoins and hodl until the market fully recovers. |
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Getting emotional for your money is normal but minding it for so long isn't. Getting rid of your emotions while trading might broke you. The right way to manage it is to control it example trading dedicate yourself into giving you heart and mind to pick the best suited for you being emotional on your loss won't give you knowledge instead learn from your mistakes and strong dedicate yourself from learning and soon controling your emotions will be natural.
I agree, if you want to get rid of losses then you should better get rid of too much emotions during trading. It is just like another way of professionalism where we could still work under pressure. We might face uncertain situations but we should know how to handle it and must have more patience. |
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I newly started working on some airdrops project. It is obviously tokens for doing nothing but i think its sometimes its really irritating getting notifications all the time for such less amount.Is there any better way to do it
It depends on an airdrop that we are joining. There are really lots of untrusted and scam projects and airdrops these days so we must be so observant and do series of research first upon joining. There are still promising airdrops but it is quite hard to find which one is. We must just work on finding a good airdrop. |
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