Emotions emotions emotions! Impossible to get rid of them... maximum you can do is to learn to control them. Sometime I make the same mistake even though i'm not a novice trader. But i'm still working on myself  My advice (what's working for me).... write your set of trading rules on a piece of paper and stick it somewhere in front of you!!! Sounds stupid, but works. At a minimum you should three things. 1. where you will fix your profit (i'd say the profit potential should be at least twice as big as the loss you are willing to tolerate). 2. where you will fix your loss (do not less losses run). 3. reason for entering a trade (make sure the reason is not an emotional factor). ... and stick to your piece of paper!!! When you have experience more than one year then this emotion kind of thing don’t bother investor and still you are new that’s why you are facing these panicking problem and soon as you will become more confident this habit will leave you just stick to your strategy and have faith in bitcoin that it will not let you down and all the dreams will come true and try to buy at low and sell at high this will give you more profit. |
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I always buy when the price has hit a support or resistance level and the type of candlestick formed, I have been trained with Japanese candlesticks pattern.
As a trader I usually wait to see a pin bar, bullish or bearish engulfing bars formed at those R/S levels before buying or selling couple with price action which is vital in trading of spot and also in cryptoccurrencies basically using a daily timeframe.
Mate you are the wise person and there are a lot of people like me who are doing same because buying at low and selling at high they will surely meet their aim soon and I learnt this thing from friend of mine who is millionaire now he made these simple decision on the right time and suggested me also same and I know one thing that my strategy is of profiteers and I will be in their pool soon as my profit is coming. |
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It is decentralized but there are people who is responsible for building these that is why the forks were created but that does not actually matter because no matter how many forks that can happen on bitcoin and no matter how many alt coins exist and will be created bitcoin is and will be at the top of it. Simply because bitcoin has the support of the community. It is the people who decide which coin is the best and right now that is bitcoin.
Simply there whales. Actually creating fork doesn’t mean that someone is controlling bitcoin as from their database and systems, no. it is not like this. There are so many whales around you and international market who have invested such huge investments in bitcoin that they can shift prices from one level to another. And forks are created by them, for them and they mean it. |
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I am a newbie to BTC field.I have little little bit of BTC amount(around $14).Is it enough to trading altcoins.IF it is what are the sutable altcoins
That's enough to buy some alt coins, I suggest you look at those coins that aren't too expensive. Usually those coins that are pricing 0.0000001+ BTC you can buy more of them and just wait for a day or two. And when you see 5% gain on the price that's the right time to sell, don't be greedy and just do what you did again. When you are trading in altcoins then you have to be more careful against other coins. Reason is, they don’t have that much fantastic market as of bitcoin. So you need to be confident enough for the coin you are choosing for your own trading. This coin can make you rich and can turn your status one eighty degrees. So be vigilant and do your research work when you are choosing. |
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Loss is part of the risk in business or investment. That shouldn't be a reason to forget about it. Add more money into the investment and wait patiently till the time when there will be high rate in exchange and rise in demand.
Agreed! Profit and loss are part of the ones whose lives are associated with investing of money. The thing is you should always hope for the best but at the very same time, you really need to prepare yourself for the worst. This is the only way which can help you in making better decision at the time of loss. You actually need to keep on struggling hard and you need to invest again with better plans. |
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Hi all . I have couple of ideas that I think is good .I not have the money or the skills (programing etc ...) to develop them .So is there any trusted place/one that i can offer them my idea and if they like they buy it or put it in work and give me % something like that.
Thanks in advance.
If you want to sell idea, you need to show at least demo of this. Because its really hard to sell it without showing, and noone will like to pay for nothing first. But I'm also think that Idea is worth nothing without running. That's right. The people who will hear this idea of yours need to know if it's worthy of their investments. It's only a matter of time before someone get the idea the same as yours so you better show it now. Like me there are many bitcoiner who are new in this cryptocurrency world and we are luck of knowledge but ofcourse we are trying hard to explore by our owned but if therrs an ofer to wide up our knowledge we grabbed it to know more Being newbies, the only thing which can help you in having better results is none other than the amount of knowledge as well as your skillset. You actually to put in lot of efforts in the beginning. Only then you’ll be actually able to get all what you are aiming for in your life. Keep on learning from your experience and try to follow the footsteps of the experts and your seniors for better results. |
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Bitcoin isn't well-liked than US Dollars.US dollars is in the market from more time, but Bitcoin is in its initial phase.$ $ $ $ is accepted worldwide for payment whereas Bitcoin is accepted in couple of locations.US
Dollar had started its journey same like bitcoin. Even it was not much famous in just 9 years. Every new thing takes time to make itself spreading over the work. Bitcoin have showed such a speedy performance and now you can easily make predictions about bitcoin in coming future. It will definitely replace dollar and this time is not any far now. Just wait and watch the scene. |
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What's Your Prediction the Highest Potential Crypto in 2018?
please give your opinion for investment reference
long term: bitcoin short term: every single altcoin you can check out the price history of each of them to see. bitcoin will rise in long term. if it is X dollar today it will be worth at least 3X dollar in a year from now. on the other hand altcoins that are X right now will be X/2 in a year from now at least. but in short term like 1 week or in some case even in 1 day they can go from X to 100X and then fall down to X/2 which is why they are good for short term investment because they are purely pump and dumps. I doubt that in a long position bitcoin will feel good. Yes, it is the first, untwisted, but it is already obsolete. You don’t have to be in doubt when you are talking about bitcoin. Future is all about bitcoin and there is no need to confirm this. We all know what are the best and better strategies that are attached with bitcoin and for that, bitcoin is gaining a superb response from all over the world. Bitcoin have showed a fantastic work in history and we are hopeful for such improvement in future. |
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I don't think it is panic time yet because i think that it will reach 10k and then slowly go down in value but i don't think that bitcoin will go back to like 100 dollars i think it will stay around 5k and maybe even rise higher if bitcoin will become popular.
If we look at the current market price of bitcoin, then we’ll get to know this thing that bitcoin is at its peak value and that its market price is not falling at all. Even if there comes a time when the, market price of bitcoin falls down, there is no point of getting panic. This will only result in huge amount of loss. So you actually need to cash those moments by buying more number of bitcoins. |
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Username: SirLancelot
Post count: 492
Rank: Hero Member
BTC address: 1JkV57R9t9RTgSbhDVkpfLML8boTeee8vy
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So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?
I think it's a good idea to teach your 2 cousins about saving using bitcoin so they could buy the things that they wanted. They could also earn more money with it and they could help each other when they used bitcoin for their daily lives. Actually saving helps you at the end. When you just think of the future when you will be having nothing in your pocket and your colleagues will be enjoying the perks of bitcoins, then you will surely curse yourself why you just spent that bitcoins in all that shit. Saving is best and try to invest too. A little portion from your savings must be there in investment so that a growth is there too. |
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I think no, because removing real money is not a good idea. Most of the services need a paper money, it will do harm more than good
Actually you can’t just give a no or yes for this question. Reason is, there are different aspects and we have to cater everything when we are answering go a yes or no. cashless society can be profitable and it can be harmful. Depends on the item and country in which it is happening. But there will be a time, may be after a century, but it comes when cashless society can be seen. |
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Well firstly, I don't believe that you have ~800 btc. Cause a pic doesn't prove anything for me, especially when the world is filled with treacherous cunts. Comeback with better proof man. BTW giving out loans is not a problem till you get a collateral ,if you're going to give loan without collateral then loans are very very risky. That's the basic common sense, isn't it?
That is so true. A picture proves nothing in this world of advance technology. Anyone can do such uploads. We have a lot of software’s from simple o complex ones that are just used for designing. If we talk about loans, the lender must have some tool to make his loan secure. Otherwise, borrower can flee away with the money and nobody can accuse him without any proof. Yeah that is common sense. Escrows can be a way to secured it,never do any transactions without backup plans or at stakes especially if we don't know whose were dealing with were in advance era that too prone and scammers. Yes its true there is no doubt that loans are very risky and I know a lot of people who are in suffering from loan in different countries and they become bank correct so always get a loan when you know about source of income and I think when you are a part of bitcoin you can get a loan from any bank because bitcoin can help you there. |
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Physical money will spend a lot of budget for its creation, eventually the world government will forget this and start switching to the e-money system, they will allocate the budget to the source of the currency-forming nature for other businesses. What the world needs now is efficiency so everyone will switch to consolidating e-fiat with cryptocurrency.
With the advancement in technology, things are changing quite rapidly. Since the time this concept of digital money has been introduced to this world, things are changing a lot. Physical money is only used for meeting your daily based needs. Otherwise, it is only electronic money which is gaining the attention of most of the investors as well as the traders sitting in the international market. |
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i have not made any plan for the future with bitcoin, i am just thinking to start planning something about my life and future when my dreams will come true about bitcoin.
Then you should start planning now. The earlier you plan, the faster it becomes to achieve your dreams. Like they always say, if you fail to plan, you plan to fail. And for bitcoin, it is better you start planning what you really want to do most especially with your life and how fast you can achieve them with bitcoin being a valuable tool that will make you achieve them faster while saving now. If you are still young (which I am not sure), you may get overwhelmed, when the value of what you are holding has increased so much and without plans, you can easily make mistakes or slow yourself down. |
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no bank are accepting BTC right now because it means BTC is a recognised currency hence, regulated (taxes and so on); hopefully it will not happen soon because that might be one nail on the BTC coffin.
Maybe sometime in the future BTC will raise his voice and will be widely recognised but for now, is not a good idea.
I am agree with that no any bank is accepting bitcoin now. I don’t think so that banks will accept bitcoin future because bitcoin features and banking system are against each other they cannot run with each other. Exchanging bitcoin into fiat through some blockchain doesn’t mean that banks are accepting bitcoin. Banks accept only centralized currencies which will under control of bank and bitcoin is totally decentralized currency but banks can play a roll of blockchain for bitcoin. |
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Bitcoin + SegWit + Lightning Network = Any transaction < Big or Small >
Bitcoin Cash = Small volume of transactions between fan club members supporting this Alt coin.
I think Bitcoin Cash was brought in quickly to fill a gap, before SegWit + Lightning Network can be fully implemented. They wanted to capitalize on the need, before the permanent scaling solution for Bitcoin was in place. Once the Lightning Network is in place, people will go back to Bitcoin and Bitcoin Cash will only be supported by it's fans. ^smile^
Bitcoin and Bitcoin Cash are two forks for blockchain. Bitcoin is the original cryptocurrency that we are using for last 8 years while bitcoin cash is hard fork which is a closer source to sotoshi’s original version. Bitcoin cash was introduced for bitcoin safety because there was a fear exist that SegWit is attacking on bitcon which might be harmful for the decentralization feature of bitcoin. I would like to share an information here about bitcoin cash that bitcoin cash allows custom block sizing. Through Adjustable Blocksize Cap users can settle their blocksize from 2mb to 16mb as per their requirement. |
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Since banks profit from fees and blockchain will kill fees, my guess is banks will be negatively impacted.
Some banks are already stepping into the blockchain world.
But blockchain will not bring back the profits as otherwise.
Any thoughts?
Apologies if this is not the right place to discuss.
Thanks in advance.
perhaps some banks in various countries will cooperate with bitcoin in order for the bank to be productive and conducive, otherwise it will be impossible to destroy and lose compete with digital currencies such as bitcoin. Nothing will happen to banks they will simply upgrade their system and will start accepting bitcoin because bakers are the sharp people and they know how to synchronize themselves with the time and user trends and that will make more to banks progress and there are a lot of banks at his time they start accepting bitcoin because they know that future will be all about this. I think the banks will also update themselves. I mean the owners of the commercials banks will also start dealing in bitcoin when there is only one digital currency usable all over the world. For the banks there will be no other option except starting trading and dealing in bitcoin. But one thing is clear that the role of the banks will eliminate very much due to the worldwide use of bitcoin. |
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Having an one currency around the entire world will provide a diversified economy throughout the country who have accepted such a method. In short, this will get used same as the European Union than has been functioning long with such a combined group of countries having the same currency.
The monopoly of dollars will come to an end. Because in this day only dollar is acceptable all over the world. No other currency you can take with yourself if you want to travel abroad. But when there will only one digital currency which will be acceptable all over the world then there will be no tension to convert your local money in dollars or any other required currency. I will really appreciate this thing and will be very glad to see all the people using just one currency. |
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The best strategy is to buy bitcoins when everybody sells(when the price peaks low).
And to buy bitcoins when the price peaks high.
The big problem at this strategy and at all of the strategies, that it is very hard to predict if the price will keep going lower from a single point or it will change it direction and it will go higher.
I think it depends upon the investment of a person. I mean if someone has money to invest in bitcoin then any time he can buy bitcoin for the sake of investment. And the holders of bitcoin can sell their bitcoins anytime they want. I will suggest just one thing that investment in bitcoin is a business and withdrawal means eliminate the assets of a business. The more money the more earnings. |
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