Using digital currency in various virtual transactions has become commonplace Bitcoin is an example of a digital currency of popularity, Bitcoin is on the rise and is being talked about by people around the world, even now many people are trying to look at Bitcoin as a promising investment instrument, including during the pandemic but investing in Bitcoin when the corona outbreak occurs needs to be done with various considerations and maturity, the limited movement of people of course reduces income from many business sectors, both tourism, or food, so during this pandemic, people think a lot about investing and even carefully read market movements.
Then, is investing in cryptocurrency safe enough, especially during the COVID-19 pandemic?
What is your opinion about whether or not there is a risk involved in investing during the COVID-19 pandemic?
I am beginner in investment or maybe trading. But i don't think invest in cryptocurrency at this pandemic is bad, because it not really affect on crypto price and already 1 year after pandemic, crypto price not collapsed yet. Maybe with that, people start to make investment in other sector and crypto can be their choice. And that can cause crypto price will rally and increased because a lot of demands. |
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Which currencies are suitable for money laundering?
For example, dirty transactions, I don’t want to be known by others about what I bought and how much money I spent, and I can’t track it.
Can you recommend some currencies and exchanges that do not require KYC? At present, I only know that Monero is highly anonymous,
I think there are some market that not ask us to do KYC yet, like Hotbit maybe or Yobit. And there are some gambling sites that maybe can help to mix transaction like 99dice, if me not wrong they will send from their hot wallet address and not user's address. |
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I havnt been paying attention to the price of my crypto due to school, and other stuff going on. A month ago I turned 2/3 of my cardano into bitcoin. I looked today to check my gains/losses. I would have doubled my investment if I kept my cardano. I am not gonna let it get to me, but it could have been pretty cool if I held it. hats off to the people that have the patience to hold coins going nowhere for a while.
The question is when you change your Cardano to bitcoin get profit or not. And we all know you said that if you kept all your cardano you will get doubled, that is happen to a lot of people. If that thing happen to us, it is better to be grateful. What be difference is how much profit we get. What made us regret if when we sell our coins in a lose condition then price increased again, that is when we are not really be patient with our investment. |
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What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
Basic thing who want to make investment, always use free money. If must sell assets, maybe sell assets that which be used as investment, not sell assets that all we have include what we use as daily. Like maybe money for example, because if use all money and then investment is being bad, we can't do anything about it. And that can cause big loss for us especially when unexpected thing happen. |
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Note: Question is SPECIFICALLY to experienced day traders who have been day trading for several years and spend AT LEAST four hours a day trading.
If you're day trading full time and you have all the time in the world for it...and you can only choose one of those devices, which would you choose...and most importantly, why that one instead of the others?
Laptop will be good. Because with wide screen can really help us seeing chart and not afraid to missclick because in laptop people usually use mouse. And for mobility, only for trading laptop can brought anywhere we want and still can access it although there are no electricity because it can turned on and it is enough to make order in wherever we want. |
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Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Staking is good, as long the coin which you stake is good too. I mean pick coin to stake need research too because we wouldn't want while we stake our coin, the project being bad and coin is not have value anymore. Since past, staking is trend because people can stake a coin in their software wallet and then can sell it directly into market. But only good coin which still survived and not dead/delisted from market. |
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Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.
Long term investment really help people who easily panic when doing daily trading. For people like me, if doing long term investment made me not too much seeing market. Maybe only news from other traders about price. If too much open market and seeing price, sometime it made us afraid if price dumped or maybe made us not be patient why price not increased that can cause we sell our assets early. |
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Truth be told, we all know it. Crypto trader, regardless of how good one thinks one is, sometimes makes mistakes. While we all made errors, some were bigger than others.
Which do you consider to be the worst mistake you made when trading CRYPTO?
I know my biggest mistake when doing trading crypto which is not set stop loss every want to sleep at night. Sometimes coins that i bought in spot at past dumped to really low price and when i just wake up i regret that i lose so much. And now especially with future trading which can made us liquidated, i always set stop loss so my mistake not repeated ever again. |
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I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?
Both will be worth especially if you are already good in it. Maybe you can try to do trading and save profit in BTC then hold it for long time. In other side, you can use that BTC as back up capital if your day trading activity facing a problem, then you can spend the rest for your daily life. So when you get profit you can withdraw for daily life and saving it as BTC and then holding it until your next target price. |
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I am thinking that if the bitcoin continue to go up to $100,000 and above. it will be expensive for the poor people to invest. It will be for only rich people. It will be better for bitcoin will not go so much high so that it will be affordable to everybody to invest and have profit.
I will like to read and learn for everyone here.
1 thing that i like from crypto investment, there are no minimal limit how much we can buy our coins. I mean we not forced to buy single coin every want to make investment and maybe what limit us only minimal order that can allowed in market. So, bitcoin as long people have access into it they can have it and free to use it to anything they want as long they can do, if want to save little by little is ok, want to buy a single or much coin they can too so bitcoin and other crypto can be adopted by almost every single person as long they can have access to it. Have access i mean about maybe with internet, or any devices or anything that can help us open our wallet or exchanges. |
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If we have noticed this generation of children are way wiser than their age and the rate at which the get information is way so amazing. Many of this kids start making money early either through gambling or through other means and lots of them do this because the don't get enough money from their parents.
For me at age 10 my children should understand the market and how it works, interpreting chats and deciding the next move of each coin from studying the price action of different coins. At age 13 the should start trading with a demo account and at age 15 they should have funded their first account. This would help them become financially independent, also help then limit future gambling prowess and also make them prepared for their careers
Funds has been one of the limiting factors many people encountered while pursuing their dreams and ambitions. For me I see it as means where the could comfortably fund their ambitions without much stress and still have enough for fun and recreation.
What do you think?
Maybe in teen to learn about trading and in case my son interested in it. Because if we force them, they will feel the pressure and it wouldn't good for themself. About when they will do trading with real money maybe when their emotion is ready, will be good if we teach our children how to maintain emotion in any condition because it will really helpful in trading activity especially if price suddenly moved without any preaparation. |
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Scammers are at it again sending out bulk mails disguised to be from pancakeswap congratulating you on winning some free ethereum or other coin. The link below is attached to it disguise to be wallet connect link which will require your confirmation on your wallet to claim the free coin. https://walletsconts.com/claim_token.htm. If you receive such mail, make sure you don't follow the link on your wallet or give any permission in order to stay safe from their scam. Never follow anything in email if not notification or maybe code from login (but if we try to login) check the IPs and anything like that. Or maybe click on suspicious promo, although legit maybe i will missed it because always ignore what come to my email except login notification in email or maybe get a code for login and withdrawal, and one important thing is although it is airdrop and look promising, don't ever give our private key or connect our wallet into any site which we don't know exactly if it is legit or maybe prepare wallet that only be used to airdrops to prevent our main wallet connected with scam sites. |
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End of the coins in market is 2, dead or success. Altcoins that just created or maybe come from ICO we must know when to in and out because no one exactly know what will happen to altcoin and i will prefer to think i must take profit in right time. When the coin be more successful, i can't regret it because i already take profit, that is better than keep holding and don't know when the coin will be dead coin and developer leave that coin. Or maybe just buy and sell coins that already listed in big market, common solution for who want to make investment but afraid if the coin will be dead.
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With the following criteria...
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
Time, capital, and nothing that disrupt you, maybe if you really good at it you can get more than it. Because with less capital, if the person really good at trading he can get what you aim. $5000 from $15000 means you want to get maybe 30% profit with it a lot of people will said that it is really possible. But if you really new in trading and don't have any skills in it, you can end with losses no matter how much your capital. |
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How to identify high-quality projects in the primary market?
1. The team background of the project,.whether the founding team members have other technical or operational backgrounds related to the blockchain icon project. You can learn about it through official white papers, official websites, communities, and other channels.
2. The investment institution of the project is extremely important. A good project seed will attract the participation of well-known institutions in the circle.
3. The technological innovation of the project, or a simple analogy of similar application projects.
If the project still not realized, i prefer to look project that seems logicly to happen. Because sometimes only idea that they offer and then after ICO ends, their product which described in their whitepaper not really created and then they leave the project after get money from investor because their job to listed their coin in market already done. Or maybe just playing safe to pick big coins in market. |
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This is a simple question but it really bothers me,
the question is, if the world's governments collaborate to create a blockchain network that is the same as Bitcoin and functions like Ethereum, then will cryptocurrency can still survive? because currently I hold 0.5 Bitcoin and 5 Ethereum for the long term, therefore I want to know what will happen if my question comes true, although maybe for the near future it will not happen, but we can take the worst case scenario from now.
New blockchain or whatever it is will be considered to be altcoin. Because they will need market and it will be listed in cryptocurrency market. Of course bitcoin will still to be core of it. Nothing that they can do, or they want to create their own market to made demands, people will still prefer on cryptocurrency. Worst scenario for cryptocurrency maybe if government collaborate and then decide to close all centralized exchanges, although we have DEX, but it will really affect to community itself. |
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Other than that big coins maybe Safepal and Moonpot (POTS), i think POTS already give significant move since it is launched. Because lottery site (kind of gambling sites) usually can be success in market. But not much analysis that i can do with it because when i joined their airdrops, from price that i sell my coins now already multiplied from $2 until $14 (when i post this, in Safepal Wallet i see POTS is in $14)
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What i get from high risk high return is not really can be implemented in crypto. Because sometimes high risk not give us really good return in the end especially if we made investment. Percentage of risk and return is all depends on the coin itself. Because sometimes we use small amount of money which it made us to think it will risk a litle from all our money give us big profit.
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HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?
I think until all my money is gone i will stop doing trading. But i rarely do future trading so maybe i still can hold coins that i already bought. Because in future, big chance if we can get liquidated and it can made all our capital in future balance gone. But in spot, as long we not sell our coins, we still have chance and only need to hold our coins for better price. |
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