Sir, I don't agree with you, because I believe when an old coin reaches their all goals, they make new milestones, which is very normal and this is how the Ethereum, Ripple, Litecoin, and others are lives. Some new coins can give you higher profit than old coins, but new coins are not trustable to hold. You can trade them for a short time, but you can't invest blindly on them. When the golden time appears, you will see all the old potential coins' prices will go high first.
It is true that some new coins can produce higher profits than old coins. But, if we look at recently, new coins are not very profitable for me and there are actually more coins that have decreased. And to make a profit yourself, trading new coins is better in a short period of time and to be able to make a profit from it we also have to be smart to look for gaps or opportunities to be able to make a profit. It's wrong to believe that you can predict the future of cryptocurrencies. Old coins, how you call them, did not reach their goal, cause their goal is close to global adoption, we have a long way to get there. We can't claim where will be the top for some coins, same as we can't claim that some new coins have more chances than old ones. One thing is sure, cryptomarket is growing with incredible speed, old projects are competing between them and with new ones, the best one will win the race, it's on us to try to predict that one, and it can be old or new one. |
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why would you worry about it when you can automate things, exchanges are easy to manage. you can always use the stoploss and take profit after analyzing the charts, but i wouldn't try analyzing at weekends. though the crypto market works 247 other market stops during weekend. it just play along with these markets to see volume by their sessions. when it comes to money i would just ignore the weary eyes, its for your own good. work with it.
You talking about holding coins in the exchange, where you will set up your sell order and if it's get executed it's cool you have your money, if not you just wait longer. But holding coins in the exchange is not secure, you can stay without your coins. I think that long term portfolio doesn't need to be managed, you buy the coin, you store it and you open it in a few years. You don't care about tops and bottoms, you wait for the entire industry to lift off. |
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There is no fair in gambling, someone needs to be on the losing end, you or the casino! In poker, it's you or someone else! It's gambling, sometimes I lose at 97% chances to win, couple times, and in poker, I have better cards but the river card ruin me and I lose! It's gambling, to me that wasn't fair, for the winner it was.
I never blame the system, sometimes I win despite odds. Depend on which end you are, winning or losing, that is what you feel about fairness of the system.
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if you have a strong knowledge in trading or investment, confidence is not a problem that is an issue there is your strategy, someone has different strategies for success, you must understand yourself I dont think confidence comes from knowledge of trading. one can be theoritically very strong in trading but does that make then a confident one? Rarely a person of this sort would actually be trading. They would apply for a post of financial manager who are literally involved in pumping and dumping coins by whales acting as middlemen between whales. But then those who are jumping in to trade are mainly risk takers not looking for a stable income from trading itself. Whether they are confident about a certain investment depends on their belief or how stubborn they may be. He is probably referring that with knowledge comes confidence. When you know more about something you feel more confident about and around that. It's human psychology, it works every time. We can speak about human stupidity and mistakes in crypto trading, but we will get nowhere. Crypto market is new for many people, many of us jumped in this without any knowledge about the economy, trading and other stuff, and normally many lost money in that process of learning. The bottom line is that some people learn and find a way to make a profit, some never do. |
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Binance exchange does not support many countries, not just yours. I'm using Crex, Vinex, and a couple of other exchanges, depending on my needs. Now there are so many exchanges, you can choose from the list. I have many coins, so I check where is the highest volume for the coin I wish to trade with and I choose that exchange.
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Projects that promise profit are fishy, I can't remember I saw some projects in the old days that promised profit for all investors, profit in a short period of time. I never invest in promises, simply search for the project that talks about their idea, their product, their plans...when they start talk about a profit you can make in a short or any specific time just walk away from wherever you are.
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You already has good strategy but we also know red market still running and trading/ withdraw fee is not cheap. Only need to wait the right moment if you trade now your money will gonna. Be patient at lest until next year ( February - March ) to start new journey. Don't push too hard, slowly but sure take the important thing to raise your skill. If you run for profit than loss will you get.
If he is trading with USD instead of some stable coin like USDT commission is eating his money every time. What he needs to do is to find a better pair, to check trading fees and then to start trading. He didn't share the name of the exchange he is using, and we know that some exchanges have really high trading/withdraw fees. His strategy can be good, but his profit doesn't cover the expenses. |
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it seems that $ 5500 won't happen for now, $ 6500 has already been passed and bitcoin is now above it, maybe later Q1-Q2 Bitcoin is accumulated at $ 6500- $ 8000 before flying after halving  We are struggling to cross $8,000 mark again it's hard to believe that we have already crossed the mark of $10,000 twice this year because those were shortlived and the fact remains the same that bitcoin can go either way as it might go below $5,000 as well as above $8,000 within a short span of time if the whales and traders decide to turn the tide as they did in the past. I don't think we will see a stable market situation until the end of the halving post which the prices are expected to pump. We will not see a stable market for years. Before and after the halving we can expect turbulent times, the price can rise, the price can drop really hard after that, who can tell where is the next top and where will be a new bottom, nobody. I will save my Bitcoin for some higher prices, probably that will be for after the halving. |
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I lost some money trying to day-trade in the beginning. That is not for me, I tried to follow some signals, to make some analyses, nothing worked for me. I lose money, then I get in some new trades and I lose again like it was a conspiracy when I buy prices go down when I sell prices go up. My timing was a disaster! After that, I started with mid and long term trading. It's where I made a profit, where I make a profit now. I buy when market is down, as its happening now, and I simply wait for months, I have some coins I keep for more than a year.
You look confident with mid-term trading, but there's nothing wrong with the short term, you just need to do more research to really know what needs to be justified, or not done, most of the experience that I read is about emotions in responding to prices daily, so indirectly it has an impact on assets. For losses, it is still relative and does not need to be shown, I prefer for what has been learned. I didn't say there's something wrong with short term trading, or day trading. What I said is that kind of trading is not for me. I tried to do some researching, tried to follow others, but nothing worked for me, I make a couple of good trades, then with the next couple trades, I lose more than I earned, overall I just lost money. I'm confident with coins I invest in. I choose carefully in which coins to invest, and which time. With mid and long term trading my goal is at least x2, and with some coins, I wait for a much higher profit before I sell, |
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Correction happens, well, back then the price of Bitcoin was just $100 USD and several years later it began to expand in price, but there is a certain movement that keeps on repeating but at the end the price of Bitcoin become sturdy and increasing, I really think that he doesn't only have all-time highs but a correction may come after that incredible increase in the price,
Many Bitcoin enthusiasts already know this kind of movement and that is why many are still returning to Bitcoin even though the price right now is falling apart.
Many Bitcoin enthusiasts are here for a long time. We were here before that 2017 when prices were much lower. We are here cause we know that Bitcoin can do more, this is not over. Bitcoin price is high, many people can't afford Bitcoin now, and in the future, it will be even more expensive than it's now. Volatility is normal in the crypto market, it's a rising market, we have ups and downs, like every other market, but nobody can't say that we are not bigger then we were before. |
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I don't think you have to put a limit to yourself of bitcoin, I mean as much as bitcoin you'll own it will be so good in the future, because you'll make really a huge profit from it, so it's better to not set any limits to yourself and just work hard and earn as much as you can of bitcoin
There is no need for limitations I agree with that, you can try to buy or earn as many as you can. I know how much I would like to have, and when I come to that point I will focus more on some altcoins I wish to have. Now I choose Bitcoin when ver I can, I pay attention on other good projects, but Bitcoin is my main focus. |
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Doge may be a very good short term investment coin but it is not a coin to hold for long.
I have observed Doge for many years and have concluded that in a year of doge there will be 2 sharp price increases and if we can capture the time of doge price increase will surely make a big profit.
Your statement is confusing, Dogecoin is a mid or long term investment, it's not short. Dogecoin had a couple of sharp price increases in the past years, and to capture that moment you need to hold some amount of Dogecoins for some time. I have some Dogecoins, I keep them for some time. I think one day we will be able to buy some things with those coins. Dogecoin is everywhere, it's accepted by some people and people like it. I believe Dogecoin has a future! |
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I lost some money trying to day-trade in the beginning. That is not for me, I tried to follow some signals, to make some analyses, nothing worked for me. I lose money, then I get in some new trades and I lose again like it was a conspiracy when I buy prices go down when I sell prices go up. My timing was a disaster! After that, I started with mid and long term trading. It's where I made a profit, where I make a profit now. I buy when market is down, as its happening now, and I simply wait for months, I have some coins I keep for more than a year.
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Bitcoin can never be "pump and dump" because it requires so much money to pump it. In price perspective it has never did 20%+ increase in a day and crashed in the same day, that requires hundreds of millions of dollars to be bought and sold at the same day and nobody has that much money to invest into bitcoin pump and dump.
Whatever movements bitcoin is doing right now takes a lot of time and usually weeks so that is just market movements, sure there could be manipulation that rich people (whales) can increase the price if they want to and decrease the price if they want to and that may look like a pump and dump to you but in order for that to happen it should be done in one hour and not in one month. Look at the coins that goes up 200% in one hour and then drop back to what it was all in one day to see a real pump and dump.
After 10 years of existence, people are still not convinced that Bitcoin is a real deal and not just another pump & dump scheme. I don't know what needs to happen for people to believe. Bitcoin has turbulent times when the price drops heavily, or rise incredibly, that can be seen as some way of pumping and dumping in some moments, but that is the case with every growing industry. Nothing grows instantly, it takes time for developing, for people to see it and start using it. |
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In the coming days as per the article it says it will break $9400, however it seems like it does not happen yet, instead BTC now drop below $7K and this is not the direction we like to see, in 2 weeks remaining this, I have doubt that we can still reach at the target of OP. honestly....
I saw some predictions and discussions that Bitcoin is going to $5K. In the last couple of weeks, the Bitcoin price is in a downtrend, will it go back to $9K or will it drop to $5K is a million-dollar question, and probably no one can give 100% accurate prediction. We can hope that this drop is just temporary and that soon we will go back to 9K, this bearish trend lasts for a long time, it would be nice to get out of it. |
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I still don't have a choice here. When I'm online I use cryptocurrencies, for gambling, shopping, and all other stuff. In real life, I need to use fiat. There are no cryptocurrencies shops in my city, or anywhere close. If I could choose to use only one that would be cryptocurrencies, with cryptocurrencies many things would be easier, we would do many things from our home. To not mention that everything would be more secure and better with cryptocurrencies than with banks.
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The only reason you’d buy a coin is to make sure it has a strong use case.
Short term stuff don’t always work in my opinion.
Not only the short-term, the long-term thing is also not necessarily successful, so every coin or token purchase must be researched first, whether it's an old token or a new token, because without research, it will be difficult for us to predict whether or not going forward Short term investments are riskier than long term investments, I learned that in a hard way. When we buy some token or coin we believe that value will rise over time, it's why invest, to make profit in the end. The crypto market was measured in millions, now crypto market worth billions, and we believe that one-day crypto market will worth trillions of dollars. We buy cause of the profit, the profit we can make after that rise. |
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Hype already over or not, maybe with halving that will come can make bitcoin/crypto hyped again. I mean, i believe out there a lot of people still don't know what benefit of crypto, and if they get information in the right way, i think they will attracted to crypto, and if it did in mass, there will be big possibilities if crypto can be hype again like in last ATH.
The hype around Blockchain is not over, it's far from over. Now it's just a period when things are moving slowly, prices are volatile in some range, there're news around, but nothing big and spectacular. This period is slow, for now, but that will change eventually. Chances for new all-time high prices are definitely high. I believe that is almost around the corner and that we don't need to wait for much longer, we are in bear faze for almost two years, any time soon will get out from that faze. |
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