experience is a guide and a warning so as not to make the same mistakes. when the first strategy is not successful, then another strategy is needed to avoid losses.
Learning from past mistakes will help you avoid making the same mistakes.
Maximizing profits and minimizing losses must continue. Trading knowledge will help you to stay on the right track.
That's I think why an experience is important and we won't have an experience if we don't try it. Don't forget that in addition to knowledge, skills are also important in trading. what is clear is that every time there is an opportunity to make a profit, we must really take advantage of it |
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Trading really involves risk, and patience, the main fact about it is there is gain and lost attached. But once one is able to learn some basic trading strategies, and also take time to understand market, the lost will be minimal.
It all goes back to one's knowledge and skills because these two things play an important role in trading, in crypto the risk will always be there so it's not that easy to make a profit, trading in crypto is very complex so it takes more effort |
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You don't need to think much when you are buying something but when you want to sell there is always a fear that what if the price increases?
As a boy belonging to middle-class family, I don't have a large share BTC hodling and now I am unable to figure out what should I do? Here are my few questions......
Should I hold for more time?
Should I buy some more now only or wait if the price dips a bit?
If you always instill fear in your mind, you will not be able to make up your mind. Now think about it carefully, if you have made a profit, it means that our trading goal has been achieved. Don't wait too long, take the profits you've earned. In my opinion trading should be based on good analysis, don't speculate but do analysis to make decisions. That's true, I think speculation will not give anything good and it's different from analysis because in doing that we need to think, Regarding making a decision, indeed for some people it is not an easy thing and it must be accustomed so that when making decisions we do not hesitate and are afraid. |
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Financial constraints are a common problem among people, but having a strong desire to earn in trading is a great feeling of optimism for traders who are just starting out. With financial limitations we can also start small, for me a large capital is not the main factor for success in trading but having good techniques and skills is the most important thing. Start small and multiply the profits for the next capital.
It's true that when we want to make big profits it requires large capital too. but when you have large capital and do not have the knowledge and skills of course it will not work, when you want to start trading, it's better to learn first |
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Lack of proper research before trading is one of the reasons that cause bad trading.
Lack of strategy is another reason why most persons have bad trading; when one does not have a strategy to use in trading,it certainly makes him loose,because as the day goes by,so does strategies change in trading.
Lack of experience is also one of the reasons why people have bad trading.When they do not have experience on how trading goes,or how they will trade,it will certainly have an effect on their trading.
Yes, when traders are caring about their capital then definitely they will avoid bad trading. We cannot do anything about the unexpected market fluctuations still we can exit at stoploss level to cut our losses smaller. So, even in the high volatile market, we can trade safely it is is fully up to the traders and their caring about the capital. It is definitely difficult to analyze it and market fluctuations in cryptocurrencies are completely normal, that's why it's important that we continue to monitor market movements because when this happens we can immediately do something so as not to experience big losses |
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You don't actually have to start with huge capital because it's better to try things out with small funds. What important is your knowledge and basic skills to do trading as a beginner. Learning to trade is a long process of learning and having huge funds in the beginning without enough knowledge would only lead you to regrets and losses.
That is the right decision I think when starting something, especially here in trading using small capital, we know that in cryptocurrency the risk is big so it's better to start little by little, that way when we keep trying and learning it will make us gain knowledge and skills which is an important part |
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Ever since Elon Musk started tweeting about Dogecoin, the cryptocurrency has been on a road towards non-stop success. Price per coin rose considerably since the beginning of the year. Those who held DOGE before the pump, already cashed out massive rewards. The momentum will keep going until Elon Musk decides to stop tweeting about Dogecoin. After that, DOGE could either retain its price or go all the way down the drain at a very fast pace. Dogecoin was never meant to be taken seriously, so anything can happen in the future. What do you think? Will Dogecoin be able to survive without Elon Musk? Or will it simply vanish like the rest of the other "shitcoins" on the market? Is the DOGE hype over? Your input will be greatly appreciated. Thank you.  Elon Musk is not the only person who has invested in doge coin. Elon Musk only helped to create hype for Doge. and now dogecoin have a lot potential investors and holders. Which is enough for Doge Coin survival. So, don't need an Elon Musk to survive the Doge It is true that Elon Musk has played a major role in the development of Dogecoin so far, but Dogecoin will survive even without Elon Musk, and we'll see what happens to Dogecoin because after all it's an interesting thing to follow its development |
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This is what I found on the internet yesterday  This have been my dream for a long time now and it's finally coming true, I spent hours on my Xbox and always have this thought of getting paid while gaming, I've used this to create topics in the past and many said it's impossible but now I think it's becoming a reality Basically all views will be considered to develop something that is started, currently many games are starting to be developed based on blockchain, even NFT is the pioneer of blockchain-based games today, what people worry about is that NFT games are a momentary hype, so this will be easily lost in such a short period of time, but for now NFT games have a lot of fans and even develop so fast, even though many people think this is just hype. Either way, whether it's going to be hype for a moment or not but with this blockchain-based game it's a step forward and hopefully it will continue to grow, I hope NFT will also continue to develop in the future and let's see, for now, indeed blockchain-based games are still limited and it is possible that in the future there will be more and more |
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I have been using BSC network for a long time. BSC seized a good opportunity and took advantage of it. ETH cannot be used with these fee rates. I hope they fix this issue in the future.
There seems to be a bit of something wrong with what you're saying because BSC hasn't been around for a long time in cryptocurrency, even though almost 80% of new projects are using BSC at this point but that doesn't mean BSC has been around for a long time in cryptocurrency. BSC is indeed a newcomer when compared to ETH, but BSC has the advantage that it has a relatively stable and cheap gas fee With that advantage, many new projects use BSC to make their smart contracts, which makes BSC better for now and becomes the toughest competitor of ETH which has too expensive fees in my opinion. Indeed, the problem for Ethereum is that the transaction fees are still high I think everyone knows about it, and with BSC they offer cheaper transaction fees than Ethereum, apart from that, both have their own advantages and disadvantages |
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The primary objective of coin burn is to regulate the supply and thereby stabilize the price. The process is similar to demonetization of currency or buy-back of shares. When the developers/miners burn the coins, the number of coins available in the digital currency market reduces.
If it's only for the purpose of reducing the supply of supplies, it does look good, but it would be better if the decreasing supply can also increase the demand so that it can greatly affect the price too, but if the demand is still the same as before, then the effect on the price will not be would be too big. When burning is not always accompanied by an increase in demand and things like this I think have often happened, and what you say is also true it won't have a big effect on the price, but at least when we burn we have hope for the price |
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Scammers are at it again sending out bulk mails disguised to be from pancakeswap congratulating you on winning some free ethereum or other coin. The link below is attached to it disguise to be wallet connect link which will require your confirmation on your wallet to claim the free coin. https://walletsconts.com/claim_token.htm. If you receive such mail, make sure you don't follow the link on your wallet or give any permission in order to stay safe from their scam. scammers will always be scammers. because his life is full of negative sides and detrimental to many parties. I think in the crypto world there are many scammers with different ways and attempts to deceive people. so I think we have to be really careful with the actions of scammers so as not to get stuck in that position It's true that scammers will always be around and to be honest I think it's pretty much impossible to get rid of that in the cryptocurrency world, indeed increasingly here they are committing fraud in various ways and we need to be vigilant and careful, |
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Hi everyone,
Im a newbie, i just known about Bitcoin in 1 month. I decided to spend my money that i have saved for a long time in Bitcoin. Please tell me some name of Altcoin, i want hold it until i marry.
Thanks for all response
Ethereum is the right choice, because I believe the price of Ethereum will continue to increase very high and of course it will allow you to get a big profit from investing in Ethereum at this time, especially now that the price of Ethereum is falling (correction), so now is the right time to invest in Ethereum at a low price, because when the market starts to increase again, then I believe the price of Ethereum will definitely increase very high and create a new ATH price, so you will get a big profit in the future from investing in Ethereum at this time. I agree on that ethereum is also one of a kind. It is almost popular as bitcoin because ethereum network is very useful in crypto. I believe that if bitcoin will soon reach a new ATH ethereum will also rise and maybe make a new record, there are still some good altcoin like xrp, doge, bnb, etc., we only need to choose what's best according to our own understanding and research so that we can have earnings on the near future. ethereum is the best altcoin for now, but besides that binance with its new network bsc, looks like it will also be a rival to ethereum, and I hold both for a long period of time, especially with this decline this opens up our opportunity to buy at low prices, so it will doubled later, but we don't know when the bullrun will return The two coins between ethereum and bnb are no doubt and we know for ourselves they are top and popular coins too, by holding both of course it will generate a large enough profit as long as we can hold and wait for the right time to sell, that's right with the current downtrend we need to take advantage of this opportunity to buy |
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I do not know how you think about all this . Too simple thinking like that. How is it possible for the state to print cash at will and then distribute it for free by the public. LOL If so, there will be no more people who want to try. Maybe now there is no bitcoin because if that were the case, it would happen
That's too ridiculous and just imagine if any country did that I think it would actually cause a bigger problem, of course it will be inflation other than that currency has no value anymore |
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Can you really imagine a usable field of Dogecoin? or is it just elon musk hype?
In the end, I wouldn't be surprised if it was an irony by Musk.
It might be fun to play, but really as an investment? long term? ~snip
DOGE is as useful as most coins used as a medium of exchange and payment. It is also used as gambling bets on crypto gambling sites for the reason of fast transaction and cheap fees. But it is still undeniable that its price has plummeted because of the hype provided by EM. Many also say that it is not a long-term investment because of its unlimited supply. Those who have just bought at a higher price compared to the current price do not seem to be able to accept their defeat immediately, what if they stay in this situation for a long time. Among all the meme coins, the dogecoin is the best one. It's not easy for any meme coin to remain in top 10 crypto currencies. I know many people will say it is because of the Elon Musk but no coin can have big market-cap unless it is backed up by the community. Yes, when talking about coin memes, it is only Dogecoin that has good achievements compared to other coin memes, it will be interesting i think whether dogecoin will be able to last long to continue in the top coin, we'll see what happens to dogecoin later |
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I know its an individual thing, but if you are in an alt and it is pumping...when is the best time to sell?
Depends on the market situation and what type of your trading. For example, I am a daily trader. If the market is in the uptrend, I will sell my altcoins if the price can increase 50% - 80%. But if the market is in a downtrend like in the current days, I mostly take profits once the price can increase 20% - 30%. I won't set a too high target for taking profits because I know it is difficult. Well, it is my own strategy, other traders may be different. It's true that such a strategy is very suitable for day traders like you, but again traders have their respective strategies depending on what they want to achieve, What is clear is that to know when is the right time to sell we need to monitor market movements because otherwise we can lose the moment |
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Day trading on this current situation is very stressful to be honest because market still unpredictable and most of the coin are still struggling . wherein yes you can make quick profits but at the same time its like you put your self in a risky situation as well and despite you don't have an idea how many profits you can make or how much money you will lose after making mistakes in it.
It's a big question actually if you want to trade on this current situation, so you better think about it.
It is quite risky for sure if you are still determined to do daily trading, as you said with the current conditions better think carefully before making a trade, In trading, there is always risk, no matter what the conditions are and it all comes back to their respective decisions |
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