The market is currently in a deep downtrend, in my opinion, btc may be down to 5k5 then turn up strong! What do you think?
for 5.5k support I think it's too deep, the fear is, if touched the point BTC will be more difficult to ride back at $ 6k-7k. as we know that the market crypto is very volatile, this is why if the price is too steep, the beginner traders prefer to cutloss causing the market down with a severe |
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Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
stop to throw away the money you probably invested from your hard work, for now it's better HOLD coin you buy to the most profit level. it is difficult to analyze whether the market will remain bearish or bullish. even if we rely on technical analysis it remains undetectable |
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meanwhile patience, in other way what we are really looking for from that patience ?
should be for this trade, we also have to play smart, when the price is really below, we also analyze how the future of coins that we invest, if it is seen there are signs that the coin for long term is not profitable, then cutloss and leave it, take that can be taken and invest in another coin that still has hope.
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Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
actually what we need to do is we have to make the government sure or even change their perception to Bitcoin or Cryptocurrency. As long as their perception about bitcoin is still the same "Bitcoin is Scam" and the "Bitcoin will make Banking system broken" then im sure no hope for crypto to get in. |
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Trading inter-crypto is a thing, but its a net zero sum game and tends to less money on most parties. It works only to attract these restricted / limited amount of ppl who seek for risk taking opportunity.
I think this is another way to earn money quickly, either from altcoin developers or from participating parties from ICO, even though there has not been a clear and real product of the altcoin |
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I have studied bitcoin economics deeply and as we all know its very fascinating, but since the begining of paper currency THE BANKERS and CORPORATIONS have got o strong and are so much used to suck easy blood of generals that i dont think they will simply allow bitcoin revolution to pass, atleast there will be a WW type of bloodshed globally in order to this system to come into force completely.
another thing USD is so volatile against bitcoin that people are so much worried to switch to bitcoin revolution, because in there mind everything is pegged with USD/FIAT, which i think is artificial.
There are still some mature writings missing on the broad economic implementation of bitcoin, or atleast there is a need to collect small writings and collect it in a single big volume.
PS. i dont know if i am allowed to post here or not, if i am too low in rank to post in this thread, then kindly delete my post. sorry for my bad english.
Agreed, i also thinks that bankers and corporations didn't know anything what bitcoin and blockchain principal. Cryptocurrency means decentralized right ? Now look bitcoin and altcoin, after that bankers and corps want to hold'em all with a security reason. So where did decentralized go ? Too much policy and regulation but the essence of bitcoins a re gone |
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for my both of those exchange i think its just the same, betweem Ether and Forkdelta itself, to me i think Forkdelta is the improvement of the Etherdelta so this one is better than the old. After now it seems that Forkdelta has new searching coin in the left-bottom corner, and and more friendly user-interface.
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Can possible uneducated people join the Cryptocurrency?
Have one condition he have enough balance to trading. So what do you think guys?
Of course, still have a chance to get profit from it, but make sure before investing and trading, you prepare him a trading tips. Don't get FOMO, Buy low Sell High. and never invest all in. divide it to some coins. no matter how much your balance, Never All in at one coins. |
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There's some possibility about this case
If bitcoin soaring high it was because more people are aware with bitcoin itself, they know that bitcoin will be more worth to invest and it has a good future for long-term investment.
in other way, it also because there's some manipulation price to the market
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i think for now, the biggest problem in the cryptocurrency that we need to solve its problem is the "Security" even some project of the crypto guaranteed security but till right now, we dont feel it changes till now |
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They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
keep practicing doesn't mean you always to do a day trading, its more risky. i mean using that method wouldn't make your skill developed. long term or mid-term practicing could be good, first you need to divide your capital into a few coins, analyze them and invest into it. |
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Trading or HODL
Be aware that trading should not be confused with "day trading," which is the rapid buying and selling of stock to capitalize on small price changes. Day trading can be extremely risky, especially if you attempt to day trade using borrowed money. Individual investors frequently lose money by trying to use this approach.
A very different investing strategy—called buy-and-hold—involves keeping an investment over an extended period, anticipating that the price will rise over time. While buy-and-hold reduces the money you pay in transaction fees and short-term capital gains taxes, it requires patience and careful decision-making. As a buy-and-hold investor, you generally choose tokens based on a company's long-term business prospects. Increases in the coin price over years tend to be based less on the volatile nature of the market's changing demands and more on what's known as the company's fundamentals, such as its earnings and sales, the expertise and vision of its management.
most people choose day trading because they think its more profitable than buy-hold method. day trading maybe risky, but if we can get it in the right time it will be great, and about the time, i think every person will have a different POV about this, there's people which keep watching the market, and the others are just check it again after a few hours. |
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when whales were involved into certain market and coins, i think once you know it that they were there, you should avoid it or you just need to watch it.
to dangerous play with them, high fluctuations has been created to just make fast FOMO and Panic at the same time
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Hello guys i wanna ask how to buy any coin with this situation? Since now market still unpredictable and i think this still bearish situation? Or it is the right time to buy some coin and which coin i must invest? Thanks for the answer
i think right now is already in the green zone to invest bitcoin or ethereum only, im not sure to buy another alts today, because the bitcoin itself seems need take a longer time to more going up and that also between that, its still possible for bitcoin to going down again. |
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Im sure the bitcoin will replace any banking system, too much lack in it, and i think right now bitcoin is only great on campaign of decentralized exchange.
all the rest still in the bank system, we need to great at all that already exist in the banking system. anyway, there's still a lot people which more pros on banking system than bitcoin.
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Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.
What do you guys think?
your bank investment system seems much like play gamble with them, im sure its only on a few country only. in my country i didn't see any something gambly like this, i mean they always offer a profit and never offer any loses |
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we have to wait a little longer to see if BTC is likely to experience an uptrend, because if it were so, the average of all altcoins would also be moon, I think now is the right time to buy ETH, stable enough and the small risk makes ETH as potential altcoin right now
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