Mine would be the massive dumps I experienced as newbie in Crypto trading. I probably thought the market won't recover. I later realize that dumps like that (or extreme price volatility) were normal occurrence in Crypto. I then adjusted my risk by trading with what I could afford to risk till I started making fairly consistent profits.
I remember also in my past experience price dumps are usually the things i am afraid of because i thought it would made me a loser instantly only to find out that price dump is needed so we can buy more and invest more. I am also a victim of greed. I never sell my coins because i thought the price will keep on surging. But then the price went dump suddenly and lose my expected profits. Experience is really the best teacher not just in trading but in all aspects of investment. |
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I believe that no loans for investment in cryptocurrency can be taken, since it is impossible to predict the further development of events in the cryptocurrency market. If we take into account the indicators of 2020, When it would be possible to take out a loan and invest in Bitcoin at low prices at the beginning of the year, and sell today for $ 23,000, then for a whole year, credit interest is practically destroyed all income.
Bitcoin price in early 2020 was around $7k - $8k and with the current price even exceeding $20k, I don't think the interest on the loan will be that big which will destroy profits. Making a loan is risky, but if it's like this I'm sure those who buy early in the year with a loan will still have high profits, they still have monthly income and I think that's enough to cover the loan interest. So yes, it is an investment that is full of risk but has a chance of getting a return that might come as a surprise. In March Bitcoin dropped to around 3,4k. At this point it made sense to take out loans to invest in Bitcoin if you wanted to take the risk. But at this point it's just plain stupid. There will certainly be many again who will do it anyway, like back in 2017, simply because they think they will miss the train. In the end it leads to people committing suicide because they speculated, should Bitcoin price correct strongly. So I would advise everyone against it. Using loans for bitcoin investment is always not recommended even if the market is in bearish season. It may be profitable in the eyes of the investors but does not guarantee ensured profits enough to pay the monthly interest of such loans. And what about if the market goes on bearish the whole year? So it's never a good start to take loans for bitcoin investment because if its price fluctuations that is inevitable. |
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If you repeat the same mistake you are like fooling yourself , i think the best thing to do is to become more wise after you make a mistake and charge it to experience and dont do it all again in the near future to avoid loss. I believe that if you want to earn you need to learn from your mistake and believe that you can so it specially in crypto trading you need to be patience. Some people in crypto doing same mistake because they are greedy and they lack of thier.
Being greedy is mostly the cause why we end up losing from our investments. I think everyone here has experienced losing because of greed. The present bitcoin market is bullish again and if we don't want to repeat the same mistake and lose again, it's better to start selling now before the price gets dump without us knowing. It's a matter of being a smart investor, know when to get in and exit in trading or even in holding your coins. |
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For me, when I totally understood these Bitcoin resources and people were satisfy also through a real invention, I'm glad to be a part of the technology, I think if the BTC is still on top the potential of Ethereum will be flexible and stay together like Bitcoin. Definitely, as long as we have a complete miner, all investing targets will be interesting at all times high and very sustainable to its function.
Bitcoin and ethereum are mostly the crowd's favorite investments. While ethereum at the moment is not really in good shape but with its platform that has high real life usage, hopefully it will get even better especially with the launching of ethereum 2.0. With bitcoin, it's always on top and no one would argue about it. For its 11 years of existence, bitcoin keeps on satisfying us with its real worth and value. |
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For me, buying bitcoin when it reaches new ath is very risky, you should be able to be a little patient for that. Looking at the history of bitcoin, at the end of each year there can be quite a deep correction.
Same with my thoughts. You are putting your investment at a high risk. I guess you only bought it because of FOMO and there's no wrong with it as long as you know how to handle the pressure. If you bought it for long term holding, then you can still make profits but at indefinite time. Just be more patient and always set target selling price and even stop loss. |
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Today we saw bitcoin hit an all time high of $23k while its traditional counterparts are suffering a decline in value. Historically, when someone desires financial stability, they naturally go for safe investment is, such as gold, stocks, real estate. But with the outbreak of the corona virus pandemic we have experienced a shift in global economy, countries are facing inflation. As a result many individuals are beginning to see Bitcoin as a safer investment than its counterparts. Countries are slowly adopting crypto as a means of payment. Will bitcoin eventually dominate the world economy and replace traditional currencies?
No it won't, at least I don't see that future. Bitcoin will remain as an investment instrument for whales as it is right now. Cryptocurrency will most likely replace fiat currencies or at least will be as popular and as adopted as fiat. You should understand that bitcoin is already 10 years old and it won't be updated properly probably ever. So I believe in crypto dominating the world, not bitcoin in particular Bitcoin won't replace fiat in general. It might be very popular right now because of its new all time high but it won't change the fact that its fully decentralized and this is the reason why the government won't accept it as a legal currency like fiat. Bitcoin has become a safe haven for crypto enthusiast but majority of the people still prefer gold, stocks and real estate as a safe haven. |
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Be it a newbie, expert or professional bitcoin and crypto currency trader or crypto currency investor with adequate skills; you definitely need to understand how to adapt to market situations.
What does adaptability entails? Adaptability teaches you and lets you know when to switch from "sell at resistance" to "buying the breakouts of resistance" within split seconds. Know this and be at an advantage especially during price correction that occurs during bull run of prices.
It's really important from the beginning that we know how to deal with the changes in the market. We should accept the fact that cryptocurrency is volatile and it's always changing so we should know how to apply at least the basic strategy in trading which is to buy low and to sell high. Controlling our emotions would also be a big help so we could make good decisions in trading. Yes. Adaptation to the changing market is very much important so you will know when to make an entry or its best exit when you're investing or trading. If you can't adapt, you will find it hard to win your profits. Be more flexible in your decision making because it will help you to easily adjust on the price market that constantly changing. |
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You shouold trade money that you not afraid too loose. Thats the main rule of MM
Trading or investing in crypto currency with funds, capital that you are not afraid to lose is not a reason for you not to protect your capital. if you act like that , acting that your not scared of loosing you will truelly loose . we should not boast but we still treat any money that we put in trading a precious thing but seriously we need to follow that rule , trade what you can afford to loose because its easy to accept and easy to recover if you know that you can afford what have lost. if we are not ready in trading and if we want to increase our knowledge , we dont need to buy coins first so that we can lessen our obligations . Learn to trade on the amount you can afford to lose. Whether its big or small, still it needs to be protected. I guess all traders are protecting their funds or their trading capital. Setting stop loss can be very helpful while protecting our funds. And if we can pinpoint when is the best entry and exit, we are not just protecting our funds but also adding more funds to it. |
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I find his tweets about Bitcoin hilarious. Like an old dog, hating the new time.
I don't think he's moving the market at all, but at least I guess he's getting a sale or two of his 'Cash' books.
His tweets are hilarious! And some people are making jokes about him and his tweets all the time, there's even some account with similar username... I can't say I follow this man, but sometimes I throw a look on what he writes and comments under, it was funny in the beginning, now I just think that man is making a fool of himself in that years... I doubt he can move anything more than a chair, and with his attitude I wouldn't trust him even with that! Too much attention if about this guy, that's for sure! Peter is obviously seeking for public attention. He believes that if he keeps posting negativity about bitcoin, his followers might also emphatize on him but it turns out that bitcoin is even gaining more positive price increase despite of his tweets. Probably his followers are already making a deep research about bitcoin and it turned out that they like bitcoin now than hating it. |
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In my opinion, the 1% traders that remain profitable are traders who are passionate about trading crypto, who always learn from their previous mistake, control their emotions, never panic sell, have a reasonable stop loss strategy, never follow hype and know how to select good coins.
Isn't that also about skills & experience which can be learned by you, me, or anyone else reading this? Besides, it's not only about crypto trading, but trading overall - equities, FX, crypto, derivatives, just anything. Yes, it is. The strategy I mentioned can be used to trade in other patterns of online trading or investment you mentioned but you can't compare them all to cryptocurrency because crypto is volatile, only traders that have already learn how to maximize their profit over the loss and also seize every opportunity presented by the market can trade crypto. In trading, it's good to always seize every opportunity that the crypto market has to offer but expect that not all opportunities will give you profits because sometimes, it's there to give you lessons to learn. If you chose to be more patient and always control your emotions when trading, then you can be those 1% who remain to trade successfully after long years in trading. I guess the reason why some traders don't last in this trading activity because of their thought that trading gives you quick profits and make you a millionaire in just a short period of time which is definitely not true. |
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So you want to hold for long time? Or want to trade? I think in both case Bitcoin is the right choice. Because market is not stable now. If you buy others altcoins, On my strategy there is high risk to loose good amount. But bitcoin is safer and it can recover quickly but others altcoins can't. Now you can choose what you will do.
For now, bitcoin is the best choice for investment as it already reaches its all time high. Lucky are those who take risk in holding bitcoins for a long time because right now, they can already make huge profits from it if they plan to sell some of their bitcoin. But it would be a good decision too if you spend some of your funds for altcoins for future profits. I strongly believe that next to this bullish season of bitcoin, altcoins market will also be influenced and is expected to make a price surge soon. |
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Either they wasted the money from the ICO investors and had to cease all activities or they never had the intention to finish the project at all. Just were in for the quick n easy money and were scams from the beginning. Counts for most ICOs
Because in the first place, they have no intentions of developing their project. Just to lure people in throwing their money to their pockets. This is the reason why most coins are dead and abandoned by their developers. And sometimes, they are just second-rate devs, who are just copying someone else's code just to screw those naive buyers. And if there are sincere dev team, usually their enthusiasm to develop their project wane off when there's no more funds to use, so they just abandon the project even if they have noble use case. Old coins that are said to be dead and abandoned were mostly came from scam projects that even its own developer has just leave it because its no use at all. Investors might have put their money on wrong projects and after several years, these coins are now considered dead coins or even shitcoins. And having these old coins for investment is very risky than investing from those new coins in the market that have high potentials. |
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the goverments have plan to create their own cryptocurrenicies, so the btc and eth was just testing currencies to see how it works and get people to use with cryptocurrenies? What? That sounds like a strange conspiracy. CBDCs will be like cash, but digital and traceable. Maybe government want also to earn in crypto using their own digital currency. If ever, I think it could help the economic financial problem because the digital currency is just use for investing and trading while fiat currency will remained on it's status as countries national currency. Also, I think that's the another way of the government to recover from the severe damage in the economy caused by covid 19 pandemic, because I know that government are aware about the growing community that continuously patronizing and investing in crypto. I've seen your point. If its true that government will create their own digital currencies, then there's no wrong with that as long as it will be access by everyone for their own convenience. But if its only made to invest and trade crypto, then maybe only the government will have access on it since its also being manipulated of its own price. I don't think people will still patronize it knowing they already have bitcoin wherein they have the full control on it and probably, higher value compared to government cryptocurrencies. |
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Your point of view is reasonable here, criticise bounty managers on the basis of their low ranks is not good at all If a bounty manager provides good bounties and suddenly he/she provides bad bounties by mistake then it's not mean we should start criticising him/her. I have participated in some bounties in the past which were managed by lower rank bounty managers and these bounties was presented same like professional bounty manager's style like bubbalex, Hhampuz etc.
If we are looking for new reputable bounty managers, then we should learn to observe about how they handle with their previous problems in their past bounty campaigns. If they are good enough, for sure there will be a strong support from bounty hunters. If not, bounty hunters still know it too. It's good not to criticize those low rank bounty managers and give them chances to become reputable and trusted ones. |
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We can not be like them, but we have the same opportunity to make money. It's how we can try to search for many ways to make money, but many bounty hunters still participate in many projects because they believe that not all of the project is a scam. It is like to find a hidden gem from hundreds, thousands of projects in the crypto and that will need time before you found the right project.
Maybe you can say that it is a waste of time, but I don't think so for them. The bounty hunters join in the project because they are interested in the project and if they can earn a reward because of that, that will be their luck.
I've been a bounty hunter before and i don't see it as a waste of time not even today because i believe there are still good projects that needs to be discover. And it takes a deep research before we can find them and be rewarded with valuable tokens. But if sometimes we end up participating in scam projects, move on and find another one. We can't make profits from bounty campaigns if we just quit after a single try and make regrets later. |
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I agree with your opinion because Bitcoin's growth rate is too fast, so the longer anyone can hold Bitcoin. I think its value will be huge, but not everyone will keep it for the year 2030.
By the year 2030, the price of bitcoin might be very high by then as we see bitcoin continues to increase its price every year. I must agree that this year is still early to start investing in bitcoin so grab the chance now before the price becomes very high and that only rich people by then can afford to buy. This is just a friendly reminder to everyone so we are free to decide whether to invest in bitcoin today or wait for the price to slow down or rise up. |
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trading may require only $ 50 in capital, you can buy altcoins when the price drops sharply,
and hold until the price rises, indeed the profit is not much, but if you are persistent, you will get a lot of profit
While a small capital is going to be good enough to learn the basics about trading there are several problems with that, one of them is the fees with a capital that small a great deal of whatever profits you make are going to be eaten by the fees, also another big problem for all of this is that even you become profitable your capital is so small that you are not going to learn how to trade properly when you use an amount of money that is more significant to you and you are going to make mistakes simply because of the pressure of trading so much money that you did not had before. I think starting into trading with a small capital is just good enough since you are still subject for more losses than making profits. Study the basics first in trading not just by reading alone but watching trading demos in youtube could be a great help. Once you have develop your own strategy in trading, then you may start trading with a smalk amount. Learn to know about technical and fundamental analysis so you will be guided on reading the price movement of the coins you want to trade. |
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If we say something about seeing present situation bitcoin is now in super hype plus all coins breaks all time high value than previous years. And everything happens in this pandemic situation. I think when this pandemic start lots of company shut down plus lots pf worker becomes jobless. In that time companies people interested to invest their money and want to get profit. May be when they research and they got to know about bitcoin altcoin thats why they are interested and they invest their money and that is why it becomes more valueable and super hyped.
I can't say that this pandemic gives good or bad effect to bitcoin because this market has probably experienced both. This pandemic has made most of the countries economics struggle because a lot of companies have closed thus eventually, leaving all the workers jobless. But also during this pandemic, bitcoin price started to rise again because of positive news caused by institutional investors. But then, it is also during this pandemic bitcoin started to dump too because of some healthy price correction right after its bullish price. |
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Most of the technology, software, online or digital companies and businesses want to implement crypto for long but they were just hesitant due to unclear regualtions and policies now that most governments and regulators are allowing crypto worldwide so I think the overall scenario has turned in favor of crypto so now we will see more companies and businesses announcing the same. Lot of companies already have their eyes on bitcoin and crypto because they saw the potentials of bitcoin but since the government is not supporting crypto, they feel hesitant too to integrate crypto into their system. But when Paypal decided to accept crypto as mode of payment, hesitations were gone and now, other big companies are slowly turning their heads into bitcoin and hopefully accept bitcoin too. We are now starting to fulfill the goal of bitcoin, realizing its mass adoption and accepting it as a legal currency. |
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When I was first introduced to bitcoin I immediately understood it and immediately learned, it was not difficult for me and very easy ... but most people are very difficult and even afraid to know bitcoin, because the risk is very high. people who don't want to take risks, those who don't understand bitcoin and don't want to get close to bitcoin.
Honestly, the first time i heard and learned about bitcoin, i find it quite complicated. But i never stop studying crypto and bitcoin until they became clear to me. I guess the CEO don't understand bitcoin because he refuse to do so. He thinks it's hard to understand because it's very risky as an investment. And as a currency, until now it's still not accepted as a payment mode so anyone would find it hard dealing with it. But for us bitcoin enthusiasts, we have understood it because we believe in it. |
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