This China issue now, I believe it is just temporary. It's just like, "At first, they will hate you, but later on, they will join with you", "If you can't beat them, join them".
I don't find any negative effects on Bitcoin for this China issue for the long term, yes it may affect the price because of the news and other Bitcoin holders that don't believe for long term of Bitcoin could panic sell.
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Is this possible that ALL exchanges will follow? If YES, the rise of decentralized exchanges will probably start a new trend or P2P transactions will start to rise. I am hoping that this will be just temporary, but if this will be permanent, overall it will still not affect Bitcoin at all for the long term. This is China's loss not for Bitcoin.
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Look how the market bounced recently. A lot of humor about Chinese communities starting to learn some alternative of centralized exchanges just like banning them especially Binance. There are some rumors about Chinese people already starting to learn how to use Defi, especially using a Decentralized Exchange (DEX).
This is one of the best example that there are always alternatives and they can't stop cryptocurrency.
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(...) So what is your challenge to using stoploss?
Having no risk management in trading will get you rekt. Stoploss is one of the best ways to have good risk management. Think about your stop loss as your saviour, your superhero. It's much better to lose 10% than losing 50% or more, or worst is liquidation (lost them all)
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You can check to the bottom of that website, there's info by a media company. I think they also created that website for advertisement for their company which is a good, static website for just comparing two exchanges. And link insides the website contains referral links with Binance and Coinbase, so that could be another reason why they created that website.
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For me now, I still don't think we are already in a bear market. With this kind of price action of Bitcoin, especially when Bitcoin dumped before from all-time-high around $60,000+ and dumped on around $28,000. Then after few weeks, it bounced back to $50,000. Or for me, we are already in new cycle, from bouncing from $30,000 to $40,000 makes the short bear run ended.
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Another Tether FUD. Ok, for all these past years, Tether FUD is always around. Especially about the rumours of bear run around 2018, when Bitcoin made a peak around $19,000 - $20,000. A lot of people also told that it was Tether. So I am expected this kind of FUD too now. Tether. So it could be true or not, Tether doesn't release any announcement about this. So, for me, this is still another FUD.
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I would prefer to recommend you buying solana at $20 each, at least you're going to have gains more that you could get from $80 per sol. Don't risk while at very high value, and maybe during the slight downfalls you should take that opportunity to purchase much a lesser price and don't just ignore it. If you do have $100 capital with you, that 5 solana could potentially get $400 profit once price it reaches $100 each.
The question is, it will happen? If ever Solana will drop to $80, it will be around a 50% drop from the current price now. There are a lot of reasons if ever Solana will drop on $80, it could be on Bitcoin too, like Bitcoin falling around $30,000 - $20,000 and that's the time I believe Solana will go back to 2 digits. But $20? I don't think so.
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They don't have any grounds to completely control or ban bitcoin so they just defame it to discourage the public from putting their money in it, my opinion is that they should remember that it's already 2021 and not the 70s because they still think that they're the smart ones in this day and age.
+1. For me, what another alternative they can help is to support Bitcoin or not that so, do some awareneness about Bitcoin, educate people, giving free lessons. Tell people what are the risks of using Bitcoin and the negative or positive effects of it. So other people will have the knowledge and can avoid scams in the cryptocurrency world, it will help even small, just to reduce the case of scams or fraud.
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(....)
I remember the time before the pandemic that I was paying toll fee while living in the capital of the Philippines when riding taxi or Grab Car. It's a good thing that in your area that they are accepting Bitcoin as payment option for the toll fee. But are they using the Lightning Network for that? There's no lightning network mentioned in the article. But for sure with this case, a lightning network is extremely useful and must use. As we all know what Lightning network is, is another layer built on top of the Bitcoin network which is an extremely fast and almost free transaction fee. So with this case, highway tolls, it should be easy to use payments and fast to avoid delays which that is one of the main use of highway tolls.
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What I am just worried about is the attention of people and volume that running cryptocurrencies may diverse or somehow will reduce since CBDC will join the party. Although they have differences there's a chance that people may be more comfortable using those centralized digital currencies than using cryptocurrencies which we all know that is decentralized.
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Here's one that is a must and important too of trading. Common mistakes of newbie or new in cryptocurrency trading. One of the Best Weapons in TradingThis is a thread I made a few years ago, it is about risk management. How you properly use a stop loss. It will help you to minimize your losses while maximizing your profits. This is most mistakes of newbies, they don't have risk management.
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...where it is "REAL-TIME" (not every minute or second like Blockfolio and the others) similar to how it is in the Markets view?
I think you have to refresh it yourself in binance to get a new quote of what your portfolio is worth. So it won't get you live quotes unless you keep refreshing the page (which will probably make them load it slower). Well that sucks! Do you know any app that doesn't need manual intervention? One good example is HODL (screenshot) but their alert needs work so I'm looking for an alternative? What app is this? Do you mean it is the Binance exchange mobile app? Where you can do trades by just using your mobile phone? Or another app that tracks only the prices or portfolio tracker only? This is my first time to saw this kind of app. Btw if you are looking for altnative of portfolio tracker, you can try Blockfolio for tracking your portfolio.
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This is one of the examples of telling people "I will buy once it will dump and dip". Emotions, when the price is already pumped or high for you, you are telling yourself to buy when it will pull back or dump. This is difficult and I admit that I am always experiencing this. We don't know how deep the dip is.
That's why the best thing to do when you want buy the dip, try to not do 1 buy or all in, try to average it on multiple buy orders incase there are/is more dip or no more dip. Just my 2 cents.
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What is/are your bad experiences? You can share it here, so maybe we can help you or give an advice or answer for the things that make you confused.
Since for me, since I started using crypto, I never thought I will not use it again. I find more confortable using cryptocurrency since my first experience using it.
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I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. (....)
+100. Building first your foundation in trading is a must, learning the basics and grow your knowledge especially how the market works is a MUST before entering into it and having a problem with starting capital. There are a lot of alternatives if you are a newbie and try just to learn first, there are a lot of exchanges now got a demo, you can trade without depositing any amount of money, by doing that, you are trading with no real money involved, so you can practice there.
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This can be related to, "taking a loan, just to gamble". There is always the risk, even when you do some business, you still can't guarantee the profits, and there is always a chance that you will lose. So, the famous quote comes here, "Invest what you afford to lose". Which is indeed correct and on the point. Try first to learn more about trading, build your foundation and once you have extra money to trade in, use it without borrowing so you will not get rekt with interests if you are planning to loan or borrow money.
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Speaking of fundamentally good coins. As for now, Defi is the trend and I believe it will still stay and will grow more. Another thing is identifying a project that is solving a current problem, something unique that for some projects still in the roadmap, but this project has already been implemented. And the community too, it must be active, especially the developers' community, if it is open-source, a lot of people are participating is better.
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This really depends on me, besides technical analysis, you can do fundamental analysis too. Speaking of technical analysis, first I will identify the strong support, like using higher timeframes and plotting support and resistance, especially previous was resistance and becomes support or vice versa.
But buying the dip is still risky like you will not know when the dip will stop, some are waiting for the bounce from a dip or breaking particular support before buying.
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If you didn't learn from your losses, I can't consider it as business expenses. A lot of people telling that losing is part of trading, yeah I believe in it, but if you lost every time and not gaining profits, something is wrong for sure. If you consider it as business, maximizing profits and minimizing losses is always a better move, so it takes time and effort to be able to do that. As business too got some risk.
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