He's just trying to hype bitcoin. I bet this guy invested a lot. He won't do such a thing without his own reasons. But he went too far. I don't know if he really made a good market for bitcoin or he just made it worse. Well, he is not really that popular. He just thinks so.  He is definitely creating a hype not only in this forum but in the whole cryptocurrency community, that person is dumb because he is just speculating it without basis. What he said is definitely not true, I do not know why many newbies out there keep believing on his opinions and tweets all over the twitter. If we understand the concept of technical analysis for sure you will also understand that what he said cannot eb true and it is just hype so we better stay away of it. |
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In my country there is a debate whether there will be academic freeze or whether if they will continue the academic like before but there many against of it because many students will become vulnerable to virus. I have son and I will ensure his safety first, if the academic will continue where they will have physical learning like before; I will not send my son to his school because of the virus that can be a threat for us. Not only the educational institution that got affected but the whole economy is affected and many businesses are not in the line of bankruptcy.
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The Debate over the facemasks are still on, many people says it is not effective and many people also says it is effective. For me it is better to have and wear masks because it is a protection. The surgical masks cannot fully protect us but it can filter the air into 90% so meaning there is 90% chance that we cannot be infected of the coronavirus. For those people who say that facemasks are scam, for sure you will regret it after you became infected because of the covid19.
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It is true that we should managed our expectation because many out there who keep speculating and predicting impossible scenarios in a short period of time but it doesn't mean that the bitcoin will never reach it's current ATH. It is good if we will just analyzing its charts than speculating its price without basis. There are still chance that the bitcoin may reach ATH but it is currently low because the trend is still in sideways, the bullish trend is not yet starting because the current resistance is so tough.
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We need it because people buy the idea and when bullrun comes you'll get more money out of it. I do think this is enough reason without thinking about the technology behind Bitcoin. If people use BTC as an investment or as a money-laundering tool then its up to them to make use of it. But they shouldn't think like there are no consequences though.
Since it has a value already before I got into BTC, I then use it and NEED BTC because I don't wanna go back to PayPal.
I see bitcoin mostly as currency and not investment, it is important for me because I keep using it in my daily lives especially right now where there is a pandemic and using digital currencies are more better than using fiat money. We need bitcoin for us to have better payment system, its characteristics are very unique where it is decentralized and there is no central authority of government that can control it. |
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the important requirement for becoming pro trader in crypto space must be practicing in demo accounts. Just learning from materials cannot get you all skills for profitable trading. You must test your skills against live market so that you can take decisions perfectly under market pressure in live markets with your original capital.
But you cannot directly enter into demo trading; it means you must learn from books and then you can start trying in demo accounts. Still I agree, just learning from different materials and youtube videos will not help any trader to make profits in this highly volatile crypto markets. People are just learning and then directly entering into live market and this is the reason they are not able to finding themselves profitable in crypto trading. When they are finding time to practice even in live market but with the least capital then they will become profitable when they are increasing their capital. I mean that you do not need a specialized the demo account but you can make your live account into demo mode by decreasing the capital into the least possible for making trades. I am seeing many forex brokers are providing demo accounts with BTC trading markets. Crypto traders can make use of them to sharpen their trading skills. Demo trading account is important and can be considered as required for those new comers in the cryptocurrency market. Demo trading can help us to be familiarize on hot the market moves and works. I think I use demo account for 4 months before I put a real money in exchange. Yes it helps me and it is the reason why I have winning rate in trading. There are a lot of resources of information about trading and we can find it through internet, but before we absorb it make sure that it suits our personality and characteristics as a trader. |
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The support and resistance are the foundation of the technical analysis, for those new traders who want to learn technical analysis; their focus must bet learning on how to plot and identify support and resistance. It is important because the prices are usually move inside the support and resistance. If the price surpass the resistance it called breakout, but if the price goes down support; it is called breakdown. If we master to use it then for sure we can earn consistently in trading.
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There is now transitioning of power that is happening and for sure that China will become no.1 country in these years. This is fact and they are now making a move. I want all of you to observe that most of the major stockholders of international companies are Chinese, they are now gaining more power to dominate the world. Their economy is continuing to get stronger in these past years, many countries are also have high debt in China.
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Does that mean that their during their lockdown no one was going outside at all? Because I know for sure that there are lots of poor people there and such poor people can’t stay indoors for long when they don’t have meal on their table, nobody can do such thing.
It is not easy to stay indoors during a lockdown when you have nothing. Some of us might see it as an easy thing because we have the money and we have already stocked up our stores with food that will last us for months. I believe they were able to get this under control by strictly banning interstates travel or maybe they are the ones behind this and know how to handle it.
Chinese government locked everywhere no matter you have food or not, that is how they stop the spread and there is another conspiracy about 1 million users lost from network communication while they imposed locked down which means they died? This is still not sure what happened why were 1 million users were out from the network. Since the media does not have a free right to present the ground facts so it is unknown. But bringing back the economy slowly and starting everything even during this pandemic still exists with not many cases is really an appreciated. World needs to know how they were managed to control the cases so that others can follow. They are good, even though the communist of China are very strict, they manage to flatten the curve easily and they managed to end the outbreak easily. It is really unbelievable that they build a hospital for Coronavirus patient in just 10 days. Their regulation are also good and their citizen easily followed it and that is the reason why they are now corona virus free. |
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There are really people who got affected because of the unemployment rates, actually my uncle is part of those unemployment rate rises because he loses his permanent job because of the pandemic and he is now thinking on how his family survive. There are a lot of people are now suffering because of the unemployment rate and there are affect to our economy for sure. The world economy collapsed but it is now recovering, if there will be a vaccine that will be available in the market; for sure that we will back into our lives.
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I think one of the reasons here is people get some research and found out they can improve or extend their source of income if they can invest at the crypto industry well. the only problem here is which project to invest your money with. because if you failed to choose the right project, we already know what's gonna happen next. Anyway, it's a good thing for them to invest in the crypto industry since this will be the trend now for there will be some major developments to promote this industry in the near future. Like for example where the other countries have already lifted their ban on cryptocurrencies.
What I'm worried about is, people who are new to this ecosystem are not aware of the risks involved, they just focus on the profit opportunities offered. That can make a difficult situation even more difficult, everyone must realize that all investment products must have risks, so be more careful. Unfortunately, there are still people who are greedy and only profit oriented, if the loss is due to their own carelessness they shout out loud that crypto scam. What irony. There are a lot of people who we can considered as dumb when it comes to investing because they still do not have foundation about cryptocurrencies. For those newcomers, it is really better if we will focus on investing in our knowledge than to invest quickly in a project or in trading because for sure you will experience because of the lack of experience and information. |
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This thread seems quite strange to me...
We all know that the virus is transmitted though saliva droplets, the masks blocks these droplets, so using a mask is useful to stop the virus transmission. I don't know why people do so much mental gymnastics and try to argue it's ineffective.
Then there is some people saying in bad faith that wearing a mask for a few minutes can be dangerous or have effects worse than using masks, but not giving any source or even seeming to have basic common sense...
I can understand people saying that don't want to use a mask simply because they don't want to. But stop trying to justify it with a bogus scientific claim, you just sound more stupid...
For me it is really stupidity, I do not know why people keep insisting that face masks are ineffective where there are a lot of recent studies that it is effective and it is important to use in order to lessen the infection in certain community. It is really funny and a bit sad to see that there are people in the interview where face mask is bad for their skin and health and it is the reason why they are not using it. Their is a recent citizen in the U.S who said that he cannot get the virus even if he is not wearing a mask but now he is dead and now been cremated. |
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As an "investor" into the idea instead of the coin itself, I would rather keep my bitcoins not because it will eventually worth something, but because I believe eventually it will become a standard. Remember times when people asked at grocery stores and so forth if you would like to pay "cash or credit", well of course you do because that is now, but back in the day that was "cash or cheque" and moved to card nowadays.
I believe there will be a time when cashiers will ask you "fiat or crypto" in the future, that is how common it will get. I am not waiting for a certain amount of money to sell my coins to move to fiat, I am waiting for crypto to be used for spending on regular stuff, and I will continue to hold my coins until that moment, I do not want to sell them, I want to spend them.
I'm a trader and I have different perspective about bitcoin, I do not keep my bitcoin for a long period of time in my wallet because I keep using it in different exchange. I prefer to trade than to store it in my wallet because it is what I want. For me long term investor is boring because you are just keeping your bitcoin and hoping that its price will rise in the future. I keep trading because I love to analyze charts, technical analysis is my passion and I want to keep reading charts. |
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COVID-19 has caused a lot of panic in the world In that case it is very difficult to say how long it will take to get back to normal Without adequate vaccines this disease cannot be completely controlled Although the effect has diminished a bit it is reappearing.
However, experts say it will take 12 to 18 months for the vaccine to arrive If they receive this vaccine they will not get sick from exposure to the coronavirus If 80 per cent of the population is vaccinated the virus will not spread.
It takes months before the vaccine were finally made but during these months that there's no vaccine we can expect an increasing number of infected. Here in our country, thousands of people are getting infected each day while hundreds are recovering. How can we return back to normal if the infected is increasing and no vaccine is available at the moment? We can only hope for the best. There is no turning back to the lives that we have before, we should able to accept and face the reality that we re now in the new normal where all of the people outside of their house are required to wear face mask to lessen the spread of the virus. Many businesses are now permanently closed and it is sad because there are a lot of people who lose their job not only in my country but in the rest of the world. |
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It is not trusted anymore, everything change so a good projects nowadays doesn't mean it will become a good project in many years. There are some who are just good in the beginning but their true nature reveal after few months. Many projects before are now worthless, I also have a reliable altcoin before but now it is one of the shitcoins that we should dispose. I think it is really better to research and to understand the market whenever we will buy a altcoin or participate in the project on the market.
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Very useful topic, because many people when trading do not use the stop loss strategy. Finally suffered a big loss
and say trading is not for everyone, which is worse will blame coins that have been purchased. With the learning
stop-loss feature this has finally opened everyone's mind. And finally many people now use the stop-loss feature
when trading.
That is right, they keep blaming the coins that they bought whenever they lose. They do not know that risk management is the problem why they keep losing in the market. They are playing the role of the victim which is they keep blaming, they cannot become a profitable trader if they will not use any risk management. Honestly trading is not suitable for the traders who are ignoring the basics of risk management. We cannot do anything about such people who are ignoring to make use of stoploss strategy and then leaving off crypto trading completely. In some sense it seems they deserve it  . They deserve whenever they lose big amount of money without having a stop loss. I think losing big amount of money will driven them to say that stop loss are really important to use and we should always have give care about it. |
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I accept the appointment, thank you boss! I also confirm that all of my information in spreadsheet are correct.
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Thank you guys for making this thread so informational! I will update this thread with new lesson which is "how to use trailing stop". Preserving our profits will be our focus, it is an advanced strategy but for sure all of you will get it easily.
I'm happy to see that there are now a lot of traders like you who are willing to use stop loss strategy and I'm grateful that all of you treat it as important when it comes to trading. Stop loss is part of risk management. We cannot achieve financial freedom if we do not want to learn it and use it when we do trading.
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I think there is no really big winner at this time of pandemic because all of us are seriously affected by the spread of the virus. Yes, it is indeed that the sales for medical drugs have rise up because people do want to keep themselves immune from any virus as well as purchasing of many alcohols and other related sanitation to somehow get rid from the possibility of acquiring the virus. But that is not quite a point to state that the medical industry are the ones benefiting from this crisis and it is not that right to think of that because we are all into the extent of finding ways to prevent the spread of virus.
Business establishments have been down temporarily and some are permanently because of the community quarantine being implemented to help prevent the spread of virus so even the rich people are affected by this crisis. I think no one have the advantage or the biggest edge at this time for we are all lying on the same spot of crisis. It is just that we are having different experiences during this pandemic depending on our social status but seriously all are affected and no one can be stared as a big winner because of the pandemic.
Not all of business are been down and there are some that are even making a lot of money than before like medical companies and pharmaceutical especially if there will be vaccine that will be created. Yes it is sad to hear that many people are suffering but it doesn't mean that all are having hard time to experience this kind of pandemic. One of the companies that are making more sales than before is zoom, before there are only using it but now; majority of the people on the rest of world are now using it because of lockdown and community quarantine. |
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