In my opinion, there is no point in investing in any cryptocurrencies now, because they are all very overheated due to a long upward trend.
You might be right or wrong at the same time and only time will answer. Because, as per many people's speculation that we are on the middle of a strong bull run but at the same time market may correct at any time which will get you another round of opportunities to buy at cheaper prices than what we are currently having. So, it would be wiser if you buy for 50% of your capital and then you may wait with your rest of capital for cheaper prices. There are 10 or 1000 coins are available for people to invest with but I never look at any of them as bitcoin will be more than enough for me to get good returns in consistent manner.
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Today, Binance shown that they have technical problems with the market crash. Within 10 to 30 minutes, it was super hard to submit orders and get it successfully loaded on the market orders.
It happened with Binance since the beginning of bitcoin bull run. Honestly I respect the quality and creativity that Binance run their services and some products that create trend in crypto. Today problems recall me the same with Poloniex and Bittrex in 4 years ago bull run.
I hope in this bull run, the market will have another new outstanding exchange.
There seems to be problem with the BSC as well. I have been part of some DeFi projects and when I want to withdraw it takes more money, this wasn't just one DeFi neither because if it was I would say it is a problem by them, but I tried other places and it was a problem there as well. Especially when it comes to Cake that was a big problem, it required like 5x more withdraw fee than usual for me to be able to withdraw and took me nearly 2 minutes to withdraw, normally this is cheaper and a lot faster, like 10-15 seconds. So, to have something like this was a shock to me. Deposits are still fine interestingly so I do not know why is that, I can deposit anything to anywhere and it is fine, but when I want to withdraw anything from anywhere it becomes expensive and slow. I suppose they had an overload and they will find a solution very soon.
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FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.
It is really weird to see all these people coming in and saying that price was going up too much and this drop made a lot of people lose money and be happy about it and act all like "told you so!" when it dropped like 10% at most, when there is a market recovery already after that, but they were nowhere to be found when we reached as much as under 4k last year on march and reached as much as 64k recently at the peak. That means it represents 16x increase in the last 13 or so month. There is nothing in the world that can give you that type of return, that's life time worth of return, if anyone put all of their life savings into bitcoin last march at 4k, they would have probably retired by now. This is why I think it is quite important that we should probably focus on how much we have earned, not how much we lost in the recent tiny drop that we are already recovering from.
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Somewhere around 100k$ is already a good movement for bitcoin this year, it's kinda like a big bubble in my opinion and anytime a lot of people could potentially dump bitcoin anytime.
The potential of reaching a million dollars or maybe half a million is surely possible but the only thing is the more the market price of bitcoin goes up the higher the chance that there will be market manipulation.
So for sure we are going to see a lot of pumps and dumps just like what is happening in the market right now, people could easily buy bitcoin again at a much lower market price so that they could make other potential profits again.
I do agree that 100k could be the top this year, not exactly 100k and then down, I think it will be somewhere around there, like maybe 108k type of number, it could be somewhere along the lines of close to 100k at the above or below, anywhere between 90k to 110k basically. The thing is, I do not just want to reach those levels, I also want to reach those levels and stay there, I want it to go up and down those levels, just like our 60k+ to under 60k dance we have been having for a while now, we should do that with 100k, it should go to 104k then drop to 96k then go up to 101k and so forth for months. If we can reach those levels and handle that, it would be basically no problem at all for me, I want to be at around those levels for another 6 months if possible. Why? Because even though it makes it harder to go up, it also makes it harder to go down as well.
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Many traders make a loss when they start trading, and some of them have to start their trading several times with a new deposit. But sometimes it is surprising how some traders repeat their mistakes again and again, which leads to another loss of the deposit.
There would be no surprises because newbie traders are known for frequently topping up their capital after wrong decisions due to lack of experiences. Simply, trading is not a heaven-like one as per how it looks because when people looking into trading as a viewer it will look like simple and profitable when they are getting into actual trading, scenarios will be completely different. In this case, you need to stop trading and focus your attention on learning.
I must say they should not get into trading until they are mastering all the tactics of trading. If they listen to professional traders then they will never get into trading at first hand. Most newbie traders never touch demo trading but directly enter into trading with big capital as well.
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i used coinbase twice and im not satisfied with the trading platform. im worried about if coinbase will attack by hackers and their platform is not much secured and probably all of your assets,bitcoin will be gone. so i transferred to much safer binance, binance is good in trading and high volume coins.
So many people have their own interests in the exchange they want to use, I have seen several traders that uses bitmex because of the features they carries, Binance do not have every features that people finds it interesting, it might be security, financial savings policy, airdrops and many more. Yes, different exchanges are providing different features and facilities to keep attracting their traders. I have been making use of binance and I am very much comfortable with them. In the past I have been trading into many exchanges and compared to most of them, binance must be having rich level of features which are in help of making us to trade accurately and conveniently. Still, loading faster and getting us price levels without any lagging kind of basic features is something we are all always expecting. When some exchanges are failing to bring these basics, we definitely need to switch over to the better one.
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I am always having stoploss for all my entries so that I will not wasting my time to get back into a fresh trade to recover my losses.
Moreover, I never tried any trading bots as I am good at generating my own signal and I am consistently profitable because of my technical analysis skills. Hence I am recommending OP and all naive traders here to look into mastering basics of trading so that everyone can generate their own signals for better trading experiences.
You are sounding like a professional trader; because you are making use of stoploss for perfect reasons and also you are good at generating your own signal and more importantly your signals are good for consistently getting you profits. I just wish to copy your skill so that I could be successful in crypto trading. I have tried many bots and I have managed to make some profits with the help of them but after some period of time all bots turned ineffective like they are not good at all market conditions but frequency of trading got reduced considerably against how it was in the beginning days.
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Anyone could give some opinions? Just want to make sure this isn't a scam project and whether worthy to follow.
I am seeing at least more than 2 people are already talking about this project but I am not sure about anything regarding this. I do see the teams are mostly from China and as per past performances when a project is based on Chinese people then the support from Chinese people is too high; for example XEM project; it is continuously getting support from those people. Still, you may go investing at your affordable levels and I am like usual going to watch without risking anything as I am always prefer to invest only into bitcoins.
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some people said that bull market will end soon and it is not wise to invest any more.
How do you think? Do you think they will be profitable?
Yeah I am seeing most people are speculating about end of current bull run by mid of this year but in my opinion they all must be wrong as per past similar bull runs in this crypto space. I guess even bitcoin bull run will be ending, some reputed and potential altcoins will continue on their own bull run. So, if you find real potential projects then you may go investing responsibly as there are possibilities for bull for that particular project also might be happening, who knows?
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I think Bitcoin will be held like gold. Maybe even Ether as well.
But I'm personally thinking maybe dogecoin, maybe.... XLM and XRP, as well as Bitcoin cash, Dash, maybe lite coin. Of course USDT type.
You are right bitcoin may not be a commonly used coin as most people are preferring it holding and not making use of bitcoins for day to day life needs. So, coins which are having cheaper transaction fees will be the most used coin for sure. This way tron got plenty of choice to become a most commonly used coin. After tron, I guess dogecoins and weaves are having good opportunities to be used for most commonly for day to day life's needs. Let's wait to see who wins this race as per your criteria.
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I don't think this is a good project worth to invest, after I read their official page and whitepaper, my first impression like to the exercises of middle school students, anyway, I don't trust any project team in Nigeria, like to another scam project. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Yeah, OP must be shilling for where they are hired. If I were the OP and I got convinced after got answers for few of my questions, I will not invest big money like $5k (for some people $5k may not be a big money but OP mentioned it on subject-line itself hence I understood it is a big money for them as well). then i asked several other questions to get an full idea about the future plans since they havent updated those things in their road map yet and now im very excited with this project
So, it is an incomplete project or devs are too busy to complete their roadmap also? Never believe into any project just because of words. People are too smart to convince anyone by promising impossible things. I am still seeing a big red flag against your post and with this project.
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ETH does not seem so good this time, aside from the price is expensive, the fees are also high. That is why I don't include this coin from my list as I was looking for those coins that are not yet in the bullish. I'm not in the intent for a long-term holding but it was just a short-term goal, 3-5% profit gain is enough for me and I'm sure that I could still catch some more before the bullish season ends.
But many people are still preferring ETH with the targets of $10k like how bitcoin did that target by 2017. But I am also doubting about the further progress of ethereum from the price level right now it is trading because there heavy competition for ethereum where it is specializations are focusing and moreover high transaction fee hassles definitely make many people to leave off ethereum. I believe exchange tokens/coins are too good right now after BNB got investors a very big profits in very short period of time. If we follow and able to catch any such exchange tokens/coins for cheaper prices then those are good to invest as per current bull trend of crypto space.
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It's a very good strategy, but it's not easy either. To be able to complete such a strategy requires a very high level of patience and good market research ability.
It will be easier and profitable if you are good at predicting the ATH and more importantly low-price as well. I know that one of my friend did the same but he bought earlier rather waiting for catching the all time low of cycle. So, we must need to be good in predicting both ATH and low of cycle because when we are missing out either one of these then the level of profitability from this strategy will get reduced. I'm just calculating how much I could have earned by this price level of bitcoin if I would have sold my bitcoins above $19k and might have bought back below $4k levels. That is definitely more than 4x than what I am holding till now.
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you should not buy coins at a lower price that will never go up. The big gadget is that if you have good aptitudes and knowledge, you can foresee profit if you have good luck with it.
That is the reason we must need to be good in analyzing the coins' aspects. If we are good in finding all the factors which are influencing on deciding the future of a coin then we can easily find what are the coins we should invest and what other coins which should avoid. When we are good in filtering out shitcoins then taking profits will not be a big problem because the remaining parts are just holding period which will be easier one compared to struggling with shitcoins.
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Trading with signal isn't bad, it helps a new trader to earn while he learns how to analyze trade, but most new traders isn't interested in learning there just based on signals.
How buying signal will help new traders to learn? Because, I'm sure when you are buying signal then definitely you will try to make profits out of those signals and you will get busy in trading but you will never find time to learn the basics of generating your own signals. If you want to analyse trade then definitely you should not go for actual trading until you get ready to generate your own signal. Only when there is a constant push, you will look forward to learn more so that you could get chances to crack profits out of markets. Buying signal must be a lazy way to trade. Moreover that will not sustain for long time as you are depending on someone else who may not maintain their accuracy all the times which again definitely risk your hard earned capital one day or other.
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I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
What all I can say is, you totally forgot about technical analysis and who reacted based on nothing. Yes, if you would have followed technical analysis then probably you might have done two things: 1. You might have put trailing stop-loss to move along with markets. 2. Never gone for shorting. Indeed, 50x leverage must be a dangerous one even you are trading with free money. So, the final results of you are not really surprising me honestly. Moreover, I am just curious on how you got eligible to avail bonus from bybit? Could you please share more info on that?
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It only accepted payment in some countries. So Bitcoin is considered a world currency that is very unlikely.
No, we are at early stage of that kind of adoption; few countries are having norms which are friendly to bitcoins whereas most countries are neutral against bitcoins which means people need to stay safer on this own responsibilities; it means we are slowly moving toward the stage of one world currency regardless of where our governments stand against crypto currencies. So, in the near future people may ignore all other payment systems and may adopt bitcoins for worldwide transactions; which will simply emphasize that we are having one world currency. But, there would be unlikely situation for bitcoin to be declared as one world currency or as worldwide a medium of exchange. Because we cannot expect governments to be convinced before most of world population will be adopting bitcoins. Only based on demand from public, governments start think about it.
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Most people specially the newbies out there are already imagining to gain and own crypto to the thinking that having one can make them instant rich which is not true because you still have lots of works to do even after owning a crypto. It is how you manage to make use of it and also the capability you have to make your capacity improve on managing the full potential of the crypto you are owning.
I don't think it is not necessary for each and every adopter; I mean every people who are owning crypto must be contributing in one not another way for the further development of this crypto space. But, not necessarily in the ways you have mentioned because innovating and maximizing the full potential of crypto will not be feasible for all of us but only for people who are familiar about those things. Hence, people who are already into such things might be taking care of what you are emphasizing and most others are just contributing for the progress of this crypto space by just owning. But, I feel all of them deserve to be rich based on their holding periods. The problem is the mindset of the people thinking that it is just a simple logic that owning a crypto makes you capable of being rich.
I feel that it's not their mistake because crypto has performed in such a way to make everyone believe to be rich just by holding for years. Who knows, when bitcoin will be scaling one million dollar levels, people who are holding less than 0.1 BTC also might be finding themselves richer in their countries.
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why I call it a ponzi because late comers pay for the early adapters with their cost of bitcoin is almost nothing in early days of bitcoin people just mine it for fun........
Before calling bitcoin a ponzi, you must get aware of characteristics of ponzi schemes from this wiki page. But, bitcoin works very similar to stocks where early buyers enjoy big profits due to their decisions of buying and holding. I am not seeing any differences from the characteristics of typical stock markets. Usually ponzi schemes makes its originator rich and to keep attracting new investors he pays to early people from the money we collected from late adopters. Is this how bitcoin market works? No originator (no central authority) and benefits both early and late adopters (based on their holding periods). why I call it a bubble have you ever seen any investment can start with almost nothing and went up all the way to over 60,000 dollar per coin in a decade time?
Getting into bubble period is the basic characteristics of every stock. Because, over-bought may happen because of hype and no one can be responsible for that but only investors' FOMO. So, bitcoin cannot be an exception. All stocks and even gold valued in cents in beginning days and then demand decided the current price levels. Please call all stocks and commodity a bubble if you are not still convinced.
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You have a point in saying that you don't need to be rich first before doing any investment, investment can be begin with small thing, small amount or just enough money you have just make sure that the company or the project you're investing really has the potential to grow.
Yeah, both rich and poor people need investments so that they could ensure their future more secured regardless of the rate of inflation they may be facing. But, I'm not sure economic stability in day-to-day life could be achieved through investments. Because, stable economy will be only possible from a regular income stream compared to an investment which is returning a good money once in lifetime or once in year and not a monthly basis. Probably, we should invest in a manner when that investment will be maturing, we could settle down in our life with a business or anything which will be supporting us with a regular income. Yeah, I strongly believe only with regular income stream we could have economic stability and NOT just because of one or many investments and its big returns.
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