I swear I have been thinking about quitting my job to focus on crypto full time for a while now. But with the lengthy bearish market I have been forced to rethink that idea. Your post is an eye opener and I think I will take crypto part time at the moment
Many people had this dream and talked about it but then at a certain moment fear sets in as the market is so unpredictable and no one likes the idea of ending up on the streets. But as the bear market last the time might not be right but as soon things look more optimistic I see many people leaving their jobs. Yeah if you're considering aboutbleavinf your job for crypto and bitcoin, think about how you'll do if the market turns red. If you think you can manage to survive solely on bitcoin in a bear market then leave your job. Though i don't think a lot of us can survive that in a prolonged bear season |
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Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
Trading without good knowledge is the riskiest way of working with cryptocurrencies. Now you haven't many choices, you are in fact forced to wait until the prices of these coins increase a bit so you can sell them without losing, but it will take time most likely. There are many traders who would advise you to always use stop loss to avoid being dug in too deep a loss. And it's a sound idea also. But if you're already in then basically it's either you gather huge amounts of patience for holding a longer time or accept your losses |
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This is obvious. The latest information shows that there are quite a lot of trading floors are attacked, recently was stolen Bithumb floor about $ 30m. You should be careful with your accounts.
And it's a good idea to not stick to a single trading platform to spread your funds. Also try not to make it a habit to treat your exchange wallet as a personal one because exchanges really are prone to hackers. Better to be safe than sorry |
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what a year, wish I dump all the coin in late DEC lol
and today, spend the 100% from that capital and bought it again, so u still holding the same amount as late DEC while steady with the 900% profits..
It's alright you can buy it again you know that that we can't predict what will happen to the price of bitcoin even your regretting now I know that you earn a good profit before the price go down. Yeah it could've gone either way and went on a rampage until january. The thing is we wouldn't know whwt would happen but we have to stand by our decision. I believe we can still get back to that point but you have to wait for a longer time. |
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No, I've never done that and will no do that because I want to protect my anonimity and don't want any additional risks for my life (if a big sum of money is in trade).
What are you talking about dude? P2p transactions are abundant and doesn't really compromise your security unless you provide all your wallet security data. I'd done a lot of face to face btc transactions in the past both with people i don't know and with friends |
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I am going very bad phase.I need my money for my personal reasons.So can I withdraw my some of my investment.
Everything in the market is going red and red day by day. Everything has already reduced more than 100 % .So there is any chance to increase in the market within 15 days.
I can wait only for 15 days.
Should I wait for 15 days or withdraw instantly.
Personally,i also disappointed regarding the market and we cant assure within 15 days it will recover, predicting the price is the hardest job in crypyocurrency, if you really need a money then i advised you to withdraw it before its too late, just do what is right before you regret at the end. That's the risk you take when you invest in this crypto market. Sadly, even if you really need it, the market doesn't care. We've been in this trend for pretty much the whole year and i don't think it will to your preferred value in that time. You're likely to exit at a loss if you really need it |
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Guys, tonight is NBA Draft. It's almost clearly that Ayton will be choosen from first place.
But, what are your thoughts about 2nd and 3rd pick? I think Kings will choose Dončić but what about Hawks?
However, this Draft will be very interesting and of the strongest ever. I am sure many of them will become superstars in years to come.
And what about gelo ball not being drafted at all after all the noise created by his loudmouth dad? Lol. There goes lavar's plan of having all three of his kids playing with the lakere when his second son has a high probability of not playing in the nba at all |
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Excellent response shown by Bithumb to compensate the users loses with big amount of money, perhaps this responsibility of Bithumb drive the effect to Bitcoin price increasing recently.
Yes, market prices are rising today. When I heard the news of Bithumb being attacked, I panicked and sold my bitcoin asset because I thought the price would fall. Well it's their responsibility anyways to make sure that they're users' funds are secure. And bithumb being one of the largest exchanges in korea is just right in acting the way they did. |
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They way I deal wit it is when I am at a loss, I don't even look for days. Most crashes take a few weeks to recover. Just put it away and live your life. Think of it a sa long term thing.
Exactly. And one thing if you for long term is that market crashes won't affect you that much if you have a long term target. You'd simply be a spectator watching people going nuts and losing money until the time you're well within reach of your target |
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Some traders become educated through trading experience and once you get the market knowledge then trading is then not tough but if you have the complete knowledge then take a start in the present time and bitcoin and other crypto are profitable in the trading.
Well that's true but those traders probably lost a lot to gain that experience. It's not a bad thing to make preparations like research and study before getting the experience needed right? Spend a little more time watching videos, reading and participating in discussions and observing how more experienced traders do it |
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I think that 12 000$ won't be so hard to reach. I hope BTC will reach it by the end of the july and BTC possible will be 20 000 at the end of the year.
I think that your forecasts are too optimistic. Of course, I'll be glad if Bitcoin returns to the figures of 11,000 dollars, but only until the end of this year about more we can not even dream of. In our dreams lol. Well there's no harm in hoping for that since if it does even happen, everyone of us will benefit from it. Though i think we're all aware that at the rate things are going, we'll be lucky to even get to 12-15k. |
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Trading in cryptocurrency is not profitable to everyone. The one who has more knowledge in trading or cryptos they have will win. It was just like gambling with ideas or cheats and there will be winners and losers.
Well it takes time and effort really to be efficient in trading and even then, there's ni guarantee of a successful trade all the time. You have to be prepared for things not going your way if you want to be a trader and how to be positive and composed amidst all that |
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Everything about trading is about risk and if you cannot take higher risk you cannot make high return. Many people did not understand risk in trading. Whenever you place a trade you are making an actions and when you make actions you are taking risks therefore no risk no trade.
In al aspects of business involves risk, trading is on of it, but for those risk taker are usually succeeded because they always tried even if they failed. in trading it will entail risk and opportunity, and to calculate risk is kind of skills that the traders must possess. Well i firmly believe that trading involves greater risks than most other investments but with the promise of high profit in a smaller amount of time, people are more than willing to take the risks. |
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I'm a university researcher (GER/NL) and try to investigate why people invest in ICOs (decision criteria, motives, behavior) in an empirical fashion. Any help in filling out this survey would be greatly appreciated ( https://www.unipark.de/uc/ICOs/). The results will be published Open Access (including any academic publications). Also, any suggestions on how to get participants would be greatly appreciated! Profits. I don't think a lot of those investing in icos are really looking at the end product or the actual use of the ico. People see it as a good way of getting high returns in just a few months. That's also the main reason why many end up being scammed in these ico investments |
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it is advisable to hold the coins in the hardware wallets rather than holding in exchange for a long time as we are seeing many exchangers are vulnerable towards hacking hardware wallet is safe
Well i don't see any good reason why you have to keep your coins in an exchange unless you're actively day trading. Hardwallets are the best but being careful is essential. If you're planning to hold your coins, there are wallets for since as they always say, you don't really own them if they're not yet in your wallet |
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What is your recommendation for Crypto trading, Day trading or HODL
Experience in crypto trading big loser or winner
I find day trading risky because in just one wrong move or wrong decision, we might have losses. I think hodl would provide us a better profit though it might really take time. It is still important that we'll have enough knowledge and skills in doing both. Well if you can afford to lose more for the sake of getting experience for day trading, then that'd be good. A lot of people have made a lot of money from day trading. But personally and i think for a lot of us, hodling is more applicable since not everyone has the time, money and skill to master day trading |
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What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down
To secure my earnings, I will redeem my earnings into real money and I will tabungkan to create business to continue to produce. The term trading is unpredictable and must have a target percentage for incoming earnings .. For alts, i get out after 10-20% profit. I can just make another trade anyways and it'd be a bonus if the alt i'm holding valued more than 20% while i'm away. For bitcoin and ether, it's a long term hold probably until next year |
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The best time is simply when you have made profit from your investment. For instance, if you bought from ico or you actually bought from exchange and price has increased, you can sell if you want. Sometimes too, price can drop. In this business, delay is dangerous  yet the best to sell alts is when the value reached the peak for that yr you've invest. so obviouslt if you take some investment, it would be the first thing to do is that see for the the most down value of an alt you wanted. and also selling someothers would do with some vulnarable moves as per needs so if some trader can catch that people it can have profitable. just like to hunt for those who give up on holding or badly need for finances. It's extremely hard to determine where the peak would be if an alt makes a run so i try to set a target. For alts, 10-20% would be a decent profit for me to sell. Unless it spikes while i'm not looking at it. |
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Nice to read that many think it won't go down anymore. That at least gives it the option to go down 3к and below.
Well i don't think many people are looking that low that's why they're already considering the current value to be a good sign for stocking up btcs. Though there's always a chance of going way down as you've said. Personally i don't see that but hey anything's possible |
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It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.
Why not?1 or 2% recoveries of the market prices are a good sign,if they are consistent and continue for 2-3 weeks.The problem is that I don`t see such consistency.The markets will continue to stagnate and there won`t be any steady bullish trend this year.The patient HODLers will be rewarded for their patience,anyone ,who is waiting for fast profits will lose in the end. Good sign for the market recovery? Yes. Mooning? Definitely not. A good example of mooning is what happened last december and that's way different from a few percentage recovery. Though we can't complain now for these small recoveries since the market is been battered this year by the bears. |
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