If you want to have a skill where you can able to read a chart then your focus is should interpreting and reading candlestick first. Candlestick is what we see in the chart and it represents the price of a coin or stock. There are 2 parts of the candle stick. The first one is the body where it is the solid part and the second part is the tail where it can be a upper wick or lower wick. You should always remember the 4 important points in a candlestick and it is the open, high, close and low. If you understand how to read candlestick then you have now foundation to understand the whole chart.
The basic in trading science is indeed important, because mistakes when making lines draw to make visual aid of price movements. so when you already understand candlestick then in the growth of further knowledge it will be easier, because the help of tools currently in the market is good enough. |
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FXStreet & Express.co.uk Ripple Price Prediction These websites give a moderate prediction saying that XRP has potential and may reach $3-$5 by the end of 2020. This is an assumption based on the fact that Ripple is best Investment opportunity of 2020. https://coinpedia.org/information/xrp-ripple-price-prediction-2019/Let me know your point of view on this? In my opinion, with the current market conditions and the increasing number of competitors in altcoin, it is difficult for XRP to reach the price of $ 3 again as before. Currently, investors are given a lot of potential new altcoins and in my opinion there will be a change in rankings in coinmarketcap, besides the market has not fully recovered earlier this year actually in investing, xrp can be one of the coins that can be included in the list in the portfolio. if the investment is long-term, the coin portfolio must be solid, but if it is to trade it will be good if it follows the potential price at that time. So in fact the investment depends on the initial goal, and for long-term investment, it must create a solid portfolio. |
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investing will certainly be a risk in it, and the risk will always be there. but if we apply risk management well then we will be able to handle and minimize the risks that will come, although there will definitely be some risks that occur. by doing good management, investing will be safer.
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whatever you choose then it is your right, you need to be confident in the developments you will make next. I refer you to make a business in the real world, and so on, you can convert the funds again in this industry. if you leave this industry I think you will learn new things again elsewhere, so if you want to invest elsewhere then don't leave the crypto investment in full.
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Seemingly in the news we hear how China is anti Bitcoin and anti cryptocurrency and well that may be all well and true but for an anti Bitcoin Country they sure do have lots of hash. In the Top 10 mining Pools in the world China has around 4 maybe even more. Which comes to the question what is really going on in China & The Bitcoin. As usual thoughts and comments are more than welcome. Thanks.
We've been talking about China for multiple times regarding banning issues, nothing could change their minds, they are all-out war against crypto many years ago. They'll have no interest in crypto since they can't control the market and for the reason also that they are protecting their people against the rise of illegalities by using crypto. We don't need to ask them for their support, in fact, a lot of countries who are giving their all-out support to the market and that was big enough to help the market to grow. when they make a policy then they will survive with that policy, their political problems that make the rejection of the use of crypto that cannot be controlled by them. and we really have to really understand their policies because so far they are one of the world's giants who can do anything, and in the crypto world they do the same thing. |
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I have an average of like five holding days, I'm a day trader, and if my coin fails to reach my target selling price in five trading days, I'll sell it or if the price reaches my reduced loss limit. I don't want to keep it anymore because I know the market still has coins that can make me a boost. I'm a sort of trader that doesn't suit me to keep for a long time.
I have also have a average of 5 holding period but still sometimes the strategy that I am using is depends on the currrnt situation in the market. I will not sell my position if the coin that I have is still have high momentum where its price is still increasing. I do not hold for months because I'm not a patient trader and I used to trade in just short period of time. I have a feeling it would be better for daily trading if we could do it although the benefits are small but they can circulate, because to do long-term hold must have a high level of patience. Because if you can't do this then the investment can be messy because of the emotional conditions that exist |
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The thing that really drives me nuts are the market manipulators. I can't even count how many times I bought in to a trade and it looked like it would be a really quick trade when someone comes and puts $10,000 on the sell side of things to try and force the price down into his buy orders. I know they usually pull it, but it drives me nuts when the buy order book was low and looked like it was fixing to climb up fast when that guy came and put in a huge sell order.
Even if there are whales or the manipulators in the market, we can still make profit in the market. In every type of financial markets, there are manipulators. I do not know why there are traders that blaming the whales when they lose in trading. We can still avoid major dump if we have proper risk and management where we have automated stop loss to cut our positions immediately. but if you bet when the market is being manipulated then I think it needs accuracy, pump price movements will quickly and end up in a dump. if you are able to be in that condition then I think it will be fine, but if you are not able to better stay away. especially if we know there is manipulation in it. |
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sometimes we can trade independently, but there are also some people who need someone's instructions first and in the end they learn from that person and can trade independently. so a variety of ways will be done, the most important thing is not to depend on others, because if you always follow the instructions you will not be able to develop in this industry.
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bnb and coins that have market utility and prerequisites for ieo on the top exchange are still good for long-term hold. useful for fee discounts without having to trade it more actively and not having to see prices too often, their prices are also quite cheap for now, and have bright potential according to the reputation of each exchange.
actually coins that have a real platform will be able to survive, like BNB which has a real platform until now they still survive maybe in the price has experienced ups and downs but in the next one year I think it will have potential if invested. |
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I don't know if there are celebrities who using bitcoin. But I've watched an Interview on Ryan Higa's youtube, he was interviewing one of the Youtuber Michelle Phan talked about Bitcoin (here's the link: https://www.youtube.com/watch?v=AWBEG0aQRZA ) I'm surprised that Michelle get into Bitcoin, for those who don't know Michelle is a Legendary Youtuber specialized in MakeUp and stuff having 2 M followers on Instagram and 8.92 M Subscribers on YouTube, she explained about bitcoin very well to Ryan and of course to the viewers. sometimes there are celebrities who use bitcoin as an investment tool, but I personally have not found many celebrities who use bitcoin openly. maybe if the influencers then the names will not be familiar, but if the world celebrities might not be much known to me. |
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in a person's psychological data everyone will not be able to do full time work in one week, and there is a time limit per day. You need to make arrangements for time to work and also do other things, if you continue to work then you will easily be unfocused and the worst is stress on the mind.
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in trading you will not always get large profits, I prefer small profits but the circulation of funds continues to spin compared to large profits but uncertain. You need to know that the market can change at any time, so think again if you want to look for excessive profits.
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actually it depends on someone's use too, if people use it for daily transactions there will be a possibility that bitcoin will replace FIAT, but so far the use of bitcoin is still more for investment and also trading on the exchange. whereas to make payments in daily life is still limited by existing regulations.
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Halt of the libra will be good for all of us. Facebook shouldnt have too much power
I agree with you. Libra would be a very scandalous stable coin if it were issued. I hope this does not happen. Now many states plan to issue their own national stable coin and therefore Libra has already lost its chance. Stable coins of China, the USA, and other leading world states will seize the initiative in Zuckerberg. In my opinion, stable state coins will be more popular with users than Libra, even if this coin is issued. however the way to stop it I think is very difficult because they are one of the big industries that can do anything in carrying out its development. maybe they chose to make stable coins because control can still be done, whereas if they don't make stable coins they might be less interested, especially for bitcoin users who have been around for a long time in this industry. |
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I use Bitcoin weekly and monthly but not daily. I use it for paying for goods and services online most especially anything that has to do with my site. This includes hosting, domain name purchase and other.
I have used it for services mostly between me and the receiver.
I guess those who use it for daily are those who receive payment for goods purchases.
I make sure too that I will have the chance to make Bitcoin for a living because in that way, I would be able to help the crypto industry to promote by simply using it. Let's always remember that the more users, the more adoption, the higher profit we will have as the price continues to rise, so let's just help each other. In cryptocurrency it's more like a network of transactions, without miners and other branches of blockchain we can't move out. Helping each can be done by holders and traders, so by to taking wiser actions on our asset management will actuall help contribute to the growing community of our crypto holdings. As we took this responsibility on bitcoin, I do believed we will able to surpass bitcoin challenges this year. if everyone is able to manage their investment in crypto it might have a good impact on the market and others, but unfortunately not everyone is able to do it. maybe with the right management, the price movement can circulate well, but to expect this will happen it will be difficult. |
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Everyone is comfortable with legacy systems. Those who grew up reading and writing letters through postal services find it very hard in the start to shift to email and other new services that followed. Same is true for Bitcoin, with time we will find bitcoin easy to use. All Bitcoin need is time and our attention.
i agree bitcoin just need time and adoption as of now its still hard to use bitcoin because the price is still not stable thats why many people is afraid to leave their comfort zone but in my opinion, the price of bitcoin will be stable in the future when the rewards of block become so low due to halving . Current price fluctuation may be good for traders but it's not good for the crypto industry in the long run. Crypto can only survive and grow if we have some stable price of bitcoin. but in this industry price movements become a place for people to get profits in them. if you expect stable prices it will be difficult in this industry, especially for bitcoin then the price will always change at any time. and I prefer to see the growth of bitcoin in terms of usage because if you look at the price it will always be unstable. |
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I think that it is because their isn't any major promotion being done by any prominent enough figures. On top of that, people just flat out are unaware of Bitcoin. Only those who frequent the world wide web (internet) and are tech enthusiasts (in one way, shape or form). My mother or grandmother doesn't have a clue what cryptocurrency is nor have they heard of it, say maybe a short news clip on tv that nobody really pays much attention to. Many aren't aware of Bitcoins existence and unless its backed by celebrities & politicians most wont bother touching it being that their fiat works just fine for them.
Biggest factor about this small number is the lack of knowledge regarding bitcoin and/or cryptocurrencies. Another will be the general panic that bitcoin underlies, people are still scared to invest on bitcoin. Third and this could be related to the second reason, elderlies, particularly boomers are reluctant in investing to bitcoin, this creates a domino effect which then disallows bitcoin to get into its target audiences. I rather think it happened because of the lack of knowledge from the people there to use bitcoin, so if compared to their monthly income I think they will be able to buy bitcoin but maybe they don't know to buy and invest in it therefore they don't have many users there . |
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Your decision to go for bitcoin leaving behind altcoins is very good. In fact, this move of yours will get you to a position where you will get more profits in the coming days as bitcoin halving is coming in. I think bitcoin will reach somewhere between $15000 and $16000 in the next three or four months. So buying bitcoin at present is very much good step.
Yes it is indeed the right decision to invest in bitcoin because in my opinion this year the price of bitcoin will continue to surge and arguably provides benefits for those of us who hold the coin. But this does not mean that altcoin is bad or not suitable for investment, there are still some good altcoins that have the potential to be invested like some of the top altcoins and for new altcoins myself I think it's better to sell them. actually altcoin can also provide benefits and can be faster too, but usually the top altcoin can provide even that if there is potential when investing. so to invest in altcoin will indeed require more accuracy compared to bitcoin because bitcoin has more potential to be invested. |
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these are the basic ways when investing and may be of little help, but in investing the most important thing for me is collecting data and also calculating the likelihood that can happen to the data that has been collected. it will be difficult if you cannot understand mathematics, because it is very used in this industry
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I bet these cases are vanishingly rare, most people just like to talk about scams and punishment and nobody is trying to do something valuable. And the task is really difficult sometimes, crypto market is like a wild west  sometimes fraud cases as far as I know are only reported and for court issues it will be difficult to realize because most fraud is done anonymously. and for any report I think it will be difficult to make a detailed report because in the litigation it requires data to reinforce the mistakes made by fraudsters. |
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