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What needs to be underlined is that bitcoin is currently experiencing a decline, of course this will be accompanied by other altcoins, including shiba inu. if bitcoin is getting lower, then usually the percentage of altcoin's decline is much larger. for shiba, actually I bought it but with little money, so I personally stay calm no matter what, because for me this altcoin is not a priority
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I think the use of stoploss is good for those who are afraid of not being able to monitor the market continuously. What needs to be considered is that the stop loss placement should not be too close to the running price, we must provide room for movement so that the market can react freely. indeed, our stop loss is often picked up and the price returns to the prediction direction. therefore it is better to place a stop loss in an unreadable area
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Currently we read many predictions that bitcoin will continue to decline in price, and if that happens then we can buy by waiting for the next price reaction, but if we believe in that prediction. but if not, I think we can buy by placing a small target, because if you look at bitcoin lately it seems to be moving in the same area, so caution is necessary and most importantly believe in personal analysis
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Behavior will always change according to circumstances, as we know that the trend of crypto trading a few years ago was for the long term, but most traders today immediately sell when 5% profit has been achieved, and as traders we must be able to follow changes to continue to profit because the market is also increasingly difficult to predict.
currently it looks more suitable for short-term trading where we immediately exit the market when profit has been obtained. because if you look at it in a large time frame, the market moves to form a consolidation area, and if it breaks through the defense, there will be a rally, where either it will go up or down. on the other hand many predict bitcoin will go back down, and that means we can't hold it in the long term if we believe it |
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Your opinion is correct I agree. We must always prepare to face any kind of situation in crypto market, by falling in the greed of profit some people forget that there can be losses. We must remember that in crypto our patience plays an important part which obviously determines the future of our portfolio so it's better to have patience and strong mentally in crypto currency industry.
like that is human psychology, which will be lulled if the dream is achieved with the pump. but they forget that after that there is a risk, so they keep holding it with a target like what he thinks but unfortunately without being accompanied by a strong analytical basis, so what they get is panic selling when it starts to float minus. Actually the best thing is that we can think logically, that there will be a saturation point and we have to leave the market at the right time |
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Here's a question to the audience. Do you actually buy stuff with crypto, like services or goods? If yes, what kind?
I've recently got a Binance card to play around with and use it to pay for everyday expenses. Works pretty well.
I personally have not been able to use it directly as a means of payment, given the prohibition in my country that limits the use of crypto as a means of payment. on the other hand I can only use it when it is converted to fiat currency. even from crypto earnings, I've spent it on buying a house. how nice it would be for a country that has ratified it, of course it can be felt free from inflation |
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My preparation is to sell when the price has not yet reached the peak, by selling some of the assets I have, then at least I am ready to face the bearish season, because at least I have made a profit. and if the price goes up again then I will take some more assets. Therefore, when the bearish season comes, I consider my asset to be just a bonus, and I do this repeatedly to make our psychology more comfortable.
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even professional or veteran ones on this market.Buy low Sell high concept or strategy might sounds very that simple but executing it on reality wont really be that simple.
This is indeed fact or part of reality and this is the main reason on why we do really continue on enhancing ourselves on being a better trader.Trading outcomes would really be depending on how well you are on making decisions.All of resources needed can really be found on net which it would really be sufficient as a tools to be used for you to get engage on it. It is really just our emotions and other things do really give out some reason on why it didnt really end up on what we are expecting for it to happen. Especially knowledge, skills and self-control I think those are three important things that we must pay attention to, all three have a big role in trading and that's why improving it is one of the things we should do, the crypto market is constantly moving and volatile so making the right decisions is not easy No easy way but a continuously adjusting to how the market is moving. There are many factors, but I agree that those three are important to increase your chance of succeeding in this kind of market. Strategy wise, buy low and sell high is what everyone really wanting to execute, but with many things that affect the market movements, the executions can't be done as easy as we think we can. We do need the right knowledge,skills and self-control while we are inside the market. It's our tools to work things out and make a good entry and exit executions that will bring decent to a huge amount of profits. buying at a low price by sticking to our analysis is a good way to quickly make a profit. but sometimes we are not easy to find the low price and on the other hand we are sometimes in a hurry to buy it for fear of missing the moment. therefore mentally preparing with full confidence to buy and carry out the plan that has been set is the best way. and we must realize that our analysis is sometimes wrong, therefore psychological preparation is very important. On the other hand, buying strategies in several areas will reduce the risk of controlling our emotions, and the time has come for a rally to occur, so we must focus on the targets that have been determined. |
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The usual question for these stablecoins is how true is their USD backing for this stablecoin? For those who can remember, USDT team itself admitted way back in 2019 that they were not fully backed by USD assets. So now, do you think they are already saying the actual truth about their backing of assets. Based from their circulating supply, they have about $82.5B coins, it means they have the same USD assets. That's a huge amount of money. Also, they can also freeze their assets if they need to. USDT is good maybe for short-term holding to avoid the volatility of the market. But for long-term, I believe it is not so secure.
There's no need to keep it for long term since it will not have any difference in value unlike if they will put it in bitcoin and any other coins. It is no different in bank protocols and rules, what good in it only is for short term if we don't want to trade in a certain days we can leave it their without the risk of volatility of the market provided it is not too much that can cause account freeze. It is indeed created for a reason of being a stablecoin in this too volatile market but not as investment purposes that we expect to increase in value in time. Stable coins are usually very much needed by traders, especially for those who trade short term, so the presence of stable coins like USDT is very much needed. indeed the purpose of this coin is not for investment, but to temporarily store our assets so that their value remains the same before we decide to buy coins or withdraw them into fiat currency. and until now usdt is the oldest and most trusted stable coin, judging from its market capitalization |
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A new economic system is coming to the world and that system will not be dominated by the West. Russian Security Council Deputy Chairman Dmitry Medvedev (former Russian president) said in an interview with Russian media yesterday. Medvedev said: "Hellish sanctions imposed on Russia by the United States, the EU, and their allies in the Ukraine conflict have failed to cripple Russia. Now, these sanctions are coming back to the West.
"As the West continues its futile efforts to corner Russia, the world is slowly moving towards a new global economic relationship. We are moving towards improving the financial system ', he added.
"Confidence in the reserve currency is fading like a morning mist and the prospect of the dollar and the euro leaving does not seem unrealistic now," Medvedev said. High inflation rates weaken USD dominance for sure but are it really possible to replace USD as a reserve currency or the USA will allow that so easily? The era of regional currency is coming? i guess the US doesn't allow it to change the usd dominance. as before, many countries would choose the yuan as a world currency standard, but western countries certainly objected. and now because of the war and Russia is being cornered, so that it gets light from China, I think this is a harmonious collaboration considering that Russia has oil and gas fuel, while China, we know that they are advanced in the industrial sector, and many countries are dependent on these products. from china |
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I think this selection depends on our goals. gold and silver have less fluctuation than crypto. but with cryptocurrencies we will get a bigger return than those two. for people who have high speculation then choosing crypto as an investment tool is right. but for those who want more secure security, then the choice of diversification and investing in all three is also good. For me, the most important thing is that we know the characteristics of the three, so we don't make the wrong move, just like the panic sell I mean
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We should not over confidence now in any coin now because to this is Having period and every years after a Bullish year there is high chances of Bear market so we should be ready for that . There will another chance to buy Our favorite coins from bottom and if you missed you will again Regret. Forgot the Past and focus on future opportunities,How you can make double profit.
if we see regret then we can not grow, because the shadows continue to fall. Of course everyone will experience it. currently the bullishness seems to have been spent in 2021, and the bearish opportunity is indeed wide open, and we don't know when it will end, is it 4 years from now? I don't think anyone knows for sure, and after that whether we will be able to survive if another 4 years turns to the bullish season, or we will experience a panic sell, so logical thinking must still be applied |
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(...)
Well even if it applies Hit and Run and Dyor but still we also have to research first, almost thousands of new projects come every day even though some of them have good projects but still it's like looking for a needle in a haystack there which will be very hard to find. I personally prefer to be in something that is certain compared to looking for something that is not sure there you're right. and I think your choice is to put your assets in coins that are definitely safe even though nothing is 100% safe. but speculating it is far from safe. looking for the uncertain is very high risk. because in reality people who are already reliable in the crypto field are doing the same thing as you. Being on a coin or project for sure, I think this is an action that is indeed considered the safest even though there is still a risk there but it is a little more possible with later profits compared to a new project which is quite difficult to say is safe. but sometimes some people have their own nature and desire in this matter. here we are free to do whatever we want indeed everything that is above your assets is your own power. So, if you really want to try something more risky, then do it, but if you don't want to take the risk too much, it's definitely better. same is the case with me, where security for our assets is of utmost importance. I will not risk most of my capital on new projects that are not necessarily clear, although sometimes new projects can provide fantastic profits, but I do not like to speculate too much on new projects, on the other hand I understand that my level of analysis is not yet qualified. Therefore, if we want to invest in new projects with small funds, so that it remains safe for our financial stability |
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Theain purpose of Crypto was decentralization but there is some drawback and I think it's good for Crypto to be centralized. Hacking and stealing is more in Decentralized system because it's difficult to trace the stealer there. Axie Stealer still holding stolen money but no one can trace who did that.
Many countries looking to legalize the Crypto and add tax on crypto which is not possible in decentralization so they will go for centralized system and regret that the Future be of crypto is looking fully centralized.
indeed many countries object to the decentralization system, because they cannot control it. on the other hand, even though they have not legalized cryptocurrencies, many countries have implemented tax rules, although it is still difficult to make complaints, for example the problem of asset theft. even though crypto is centralized, but at least it has a clear supply, which is better than fiat, which can print money continuously which eventually leads to higher inflation. |
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Forex crypto commodities stocks wich one of them are most easy to manipulate ?wich one of them can be not influenced by whales ? Or all of them influenced by whales?
actually everything is inseparable from the whales, even in forex there is such a thing as a black market, where they are a collection of moneyed people who will move the market, but the effects are not as significant as crypto, but what is very visible here is for the cryptocurrency market, especially for a new project that will involve pump and dump actions, and that is the act of whales who buy and sell coins on a large scale. Indeed, the first thing that must be known before trading or investing is the characteristics of the object we are going to trade, so that we can determine the choice of where to trade. I personally do forex trading and crypto trading, this is to diversify the assets i have |
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My advice for beginners is to control your emotions as well as possible now, don't let yourself get angry and take rash steps in the market that will make you lose. There is nothing wrong with us waiting for the normal price to return and then selling the coins instead of having to sell it quickly but at a cheap price. If you only have a little capital, don't be afraid to try, tomorrow or later the struggle will pay off by itself.
indeed for beginners should do long-term trading or investment. so that way we will be calmer with price fluctuations that occur, because it is often like playing with our feelings about the analysis that has been made. and if you want to learn daily trading, of course using a little capital for trading, this aims to train our mental, because it requires a process to become trained to face the market. the most important thing for beginners is not to think about the return from the business they do, because many of them are trapped in their emotions, so they do the wrong thing. |
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basically forex trading and cryptocurrency is the same. if we follow a chartist analysis, both have the same basis. But what makes the difference is that sometimes we can't use technical analysis on new coins or coins that have a small market cap, because they are prone to hype and analysis can't work well. Even in crypto there are indicators that are the same as forex and form support and resistance, so I can combine them to create a framework. I often use this analysis on bitcoin, ethereum and bnb, On the other hand, for short-term trading, of course, I choose a smaller time frame, so it can be used for daily trading
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#Proof of Authentication Post Bitcointalk Username: fauzan Ichsan Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1010531Telegram Username: @ichsanfauz Participated Campaigns: Signature Binance Smart Chain Wallet Address: 0x1755e5374426BEBA43c458231b51C430a85a248C |
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Altcoins that are released in the bear market have a high chance of bringing good returns than those that have already surged high in a bull market, this is what a friend told me this morning, do you think this is true? He used Vulcan forged as an example
I will not conclude it false information or true information, actually it's base on the potentiality of the project, if the coin have a potential project automatically it can be possible of bringing a positive returns, but if the project doesn't have a good potential it may likely die off along same period of time, but it because successful people who invested in it will make more profit indecencies that they venture into it's project investment when it was bearish and bullish automatically increased it's profit. Entering a new project requires careful analysis, so not all coins that have fallen in price will easily make a profit with an increase in price, many of them are unable to rise. therefore it is true that we must look for potential in a project, if the potential is good, the price decline due to bearish bitcoin is a natural thing, and it is possible to provide satisfactory profits in the future. if it's safer to invest in top coins, but it looks like the op wants more profit |
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indeed many people get rich suddenly from the increase in altcoins. like yesterday's shiba or doge. but I think it's hard to maximize profit to sell it at the top, considering that of course our psychology will be turbulent. Besides this encouraging story, of course there are also many people who are disappointed, because they followed the hype and they bought at the peak of the price which resulted in having to hold it or cut loss.
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