I started trading forex, but failed miserably, it was a very long time ago. Then I went in for mining, and for a long time I was engaged only in it, then stopped.
For a long time I was away from trading, but sometimes I read literature. As a result, I decided to try myself in cryptocurrency trading, I can’t say that it was successful, but it was an interesting experience.
Have you thought about trying to trade once again? Many traders fail in their first attempts because they did not realized how difficult it was going to try become a trader but then after a few tries they are able to master trading and they become profitable, the most important thing is not lose all your money in the process, and it is the main reason why I have always thought that a trader even one that has lost some money to the markets after one year is still capable to trade his strategy then he has what it is necessary to be a good trader. |
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If you sell Bitcoin, you should buy top alts, personally I would invest in ether, bnb, trx, ltc and eos. That's my personal opinion.
For years it was not a good idea to sell your bitcoin so you could buy altcoins but it seems that for the first time in a very long time altcoins are beginning to outgrow bitcoin, I do not know how long this tendency is going to last the only thing that I know is that it is what it's happening in the market right now and if possible you should take advantage of it while you can otherwise you could miss the opportunity to make some easy money in the markets. The longer I wait for the cryptocurrency market pump, and I see how everything falls, the more I want to go into fiat completely. And I have already done this halfway and will still do the same. What coins did you bought? If you bought any of the good coins in the market then you will be making some decent profits right now or at least you will be recovering some of the money you have lost over the years, but if you invested in one of those icos that appeared over the years then most likely you are out of luck since most likely you are never going to recover the money you invested in those coins and it could be a good idea to sell those coins for whatever you can get at the moment. |
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Has any one checked the market share of Ethereum lately? Ethereum now accounts for just 7% of all the cryptocurrency market capitalization (compared to 31% in June 2017). The trends indicate that this share may further go down and there is a real threat of ETH losing its position as the no.2 cryptocurrency. The developers are also not helping. They are postponing timelines again and again and as a result the users have lost their confidence in Ethereum. The perfect example is that of Ethereum 2.0. No one really knows when it will be rolled out.
ETH just get old real quick, their whole market is built up from the hype of smart contract back then and right now it's still a thing because they are popular enough to make almost all exchanges accept them thus giving broader chance of garnering the capitals though it's now slowly sinking. Delay in ETH 2.0 will just spell their downfall and increase the lingering doubt among the community whether this coin is still worth it or not. Delay might be negative but that would only make the price to go down and give us the opportunity to buy cheaper again. Look at BSV now, people were thinking that CSW is fake but BSV just made a new ATH in just 24 hours. This means we can never tell, as long as the project stays, they could rise anytime. Anything can happen, but if ethereum needs something similar to what happened to BSV to go up in price then ethereum is really done, it needs to go up because its developers are working hard to improve their coin but many investors are seeing the opposite, it is as if they do not care and all the excitement that at the beginning ethereum generated seems to be gone and it is difficult to tell if things are going to change after so much time in which the coin has remained almost static. |
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"Money makes money" Also in the other hand. Imagine we have two traders: 1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow  2. A Poor one who needs to go out and work and usually thinking about bills, etc.. Ofcourse, the first one can trade much better than the second one. I hope all you guys be the first one with a good pillow xD That is only true if those that have that money know how to use it, if you have done everything in your power to learn everything about trading and investing then you will generate more money with your money, but if you got that money just because you were lucky enough to be born in a wealthy family then even if you have money you will not know how to use it to generate even more money and you will eventually lose it and end up like the trader in your second example. |
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So far, I have seen several projects that claim to pay with ETH, and the results are all scam projects, which is really disappointing. The IEO project was very popular in the beginning, and slowly investors lost confidence in this approach.
Get used to it, since the market conditions are so difficult for icos I would have thought that scammers would have given up already but it seems they are trying to find all possible ways to try to scam bounty hunters and it seems they are now offering to pay their bounty hunters with ETH but unless they sign an address with enough funds to pay everyone then you should not participate since the chances you lose your time are going to be very high. |
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In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item. https://youtu.be/LlPwmW4XphEI just don’t really know why some people are fond of coming here to post contents that doesn’t making any sense. Well, I didn’t even watch the video you posted because I’m not ready to give views to some dumb people, and moreover this post is by a newbie, so why should I even believe it? If you think that Bitcoin is dead or whatsoever, you should quit and look for something else doing. For the fact you’re still a newbie (that’s if you truly are) I’m just going to end it here with the assumption that since you’re still a newbie you just don’t know what you’re saying so you need someone to correct you and teach you what you don’t know. While there are some people that want to have an open discussion about their point of view there are also many people that just love to troll, this is a bitcoin forum in which the majority of the users are holding some of it, how do you troll us? By saying that bitcoin is a fraud and that is nothing special that is how, as yourself I am not going to waste my time watching the video, if anyone wants to make an argument they should write it here since this is a forum and we can do exactly that. |
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If you will ask many people if you should now buy bitcoin, most of their answers will be yes. It really depends on tge situation, if the market is still in bearish, I do not prefer to buy bitcoin but the current situation of the bitcoin is now in the market reversal where we are now seeing highers highs and lower high which is a good sign that we are now in an uptrend. The best time to buy bitcoin is in the beginning of the bullish trend.
I know that during the last days we have seen an important recovery in the price of bitcoin and everyone is happy because of it but I am seeing a lot of indications that the price may go down during the next days and the price may experiment a correction, I am not saying the price is going to crash or anything like that, I am just saying that it could be a good idea you could wait for that correction to happen and then once the price goes down then you can buy bitcoin for a cheaper price. |
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When it regards to market manipulation, there is no chance to make it over. We can't eliminate whales who are causing this market manipulation for a particular reason. Whales are still huge investors, quite it helps the market to grow compared to casual trader/investors. If we think that we don't need them, we have to think also what happens to us.
Believe me or not, manipulation will never have an ending story as the market still exist.
It is obvious the market of altcoins is being manipulated by the whales especially when it comes to the coins that have grown more than 50% during the last days since there is not a reason for that growth, many think this is the beginning of an altcoin season but when the growth is so fast most of the time the price has a tendency to go down just as fast as it went up and the people that bought at the top are the ones that are the most affected by such crash. |
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I think most people would like to have a life in which they do not have to worry about money but that is something really difficult to achieve and we have no other option but to work and keep very high stress jobs even if we do not want to, this is why trading and investing is so popular in the forum because people want to achieve that financial independence but very few people will be able to do it because even those that become successful at trading will not have a worry free life since trading is so difficult.
In real life, even the rich people are worrying about money just like the poor ones. In fact, they must be worrying about money more than the poor people do. I guess you cannot avoid it. You will not worry about money only when you are living in the most rural of areas in a primitive way that your money will not amount to anything. You will only grow your food, you will pay no electricity and water bills, you will need to internet, etc. A life without any worries is not possible even if as you say we reached a level in which you did not needed to worry about money you will have to worry about something else like your health or your family, but for many the day in which they will not have to worry about money is nothing but a dream it takes a long time to build that kind of wealth and even after decades most people cannot really generate enough profits to do something like that. |
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Many of us here are Bitcoin holders, but not all of us are able to hold until the pump happens because there are some of us who make use of our earnings within the time we get that money. Therefore, not everyone can wait in a year for the ten-day period, but there are some people who will keep until that time, but they will be cut off because they are greedy to gain more.
There is a very easy solution to all of this, if you need to use your bitcoin for your daily needs then get a job and keep your small bitcoin profits, after all even if you are not earning a lot of money if you keep your bitcoin and you sell it at the top of the next bull market you will easily get a lot more fiat in return than what you are going to get today if you sell your bitcoin, I know it is hard but if you want to improve your economic situation then that is something you must do. |
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bot trading is useless in a downtrend and only ends with one stop loss order, you are right about that, I have not found a more sensitive setting in this condition, at least to minimize the possibility of a profit of 1%. Overall. The manual process is still better for the desired profit, because instinct is always developing in seeing the best opportunities. Bot domination will not bring big changes because it still has weaknesses that must continue to be customized.
You can obtain profits during a downtrend as well if you short the market and if that is not possible at least you can get out of the market and protect your capital, I do not know why people think that bot trading is ineffective when it is obvious some of the bigger investment firms are using bots and they have done so for decades, as long as you have a profitable strategy and the ability to code you could create a bot that could trade for you and it will do a better job than you since the bot has no doubts and it does not get tired unlike a human. |
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We are all waiting to see some magic spike in prices of coins this year. It is not 100% certain that we will have bull run but expectation is very high, i just hope that we will not be disappointed.
Most likely we are not going to be disappointed with the results we are going to get during this year but people still need to be very careful with what they do with their coins, I really believe that as the market begins to skyrocket we are going to see scammers getting back to the market trying to get your valuable coins in the process and that is something we cannot allow or you are going to be left without coins just at the moment in which you could obtain the most profits with them. |
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If you are a beginner, then only investing for a long term will suit you. Do not try to use margin trading. If you are tempted to use it, be sure to put a stop loss. Margin trading assumes that you are versed in technical analysis, so follow experienced traders on social networks and learn technical analysis yourself in parallel. And also stay up to date with all the important news in the industry.
This is what everyone newbie should do, many newbies try to become day traders without knowing that in order to become one you need to be not only very good at it but you need to be able to take decisions in a matter of seconds and that is not easy at all if you are just beginning your journey as a trader and yet many newbies try to do that and they lose their money before they get to know why this happened at all and if they happen to understand what went wrong it is too late since they have done too much damage to their capital when they get to that point. |
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Crime has risen in general. And there's nothing left out of the digital world. With respect to the digital world or the blockchain, understanding will be the first step to curb criminal activity. Most of these criminal activities was possible because they were unknowingly enabled by users. From clicking on untrusted links to supplying private information. It is very important to public awareness of how not to fall victim to the criminals. Exchange enforcement will also help to curb such criminal activity.
In my opinion since most people are not able to secure their computers or their smart phones correctly since they keep downloading stuff with malware it is better they get a hardware wallet, a hardware wallet cost only 60 dollars or so, it is not really a huge investment and if you have access to one then you have the security that your coins are not going to be stolen from your device, but most people are too cheap and they do not want to pay for something that they think they can get for free. |
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For me, I think the market has matured enough and it may not likely repeat like what happened in 2017 (but I could be wrong too if analysts are correct about their bull run prediction), but it would be unlikely.
Yes I agree that the market and the whole community have matured, but I do not agree on your opinion that what happened in 2017 will not happen again, so where all the predictions will soon become 6 digit in value, so is the $20 k level is the last stop of Bitcoin on its price, Bitcoin price is dynamic it will have another all time high the community believe on that. It really depends on what you mean when you say that what happened in 2017 is not going to happen again, if you mean the bull market then it is obvious that we are going to see several bull markets in the future of bitcoin, but during 2017 bitcoin grew 20 times its price in a single year and quite honestly I really do not think that we are going to see something like that ever again from bitcoin, we may see a growth of 5 or even 10 times in a single year but were never going to see 20 times again. |
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2019 was a pretty strange year we maybe saw the bottom around 3k and also a rise to above 10000$ again.
I am wondering if it still could test the bottom again, or that we are finally looking up again.
With the halving comming everyone seems to think we are past that point and that we are going to see new all time high's very soon.
I am still doubting about that, the halving is comming and that will definitely influence the price, I guess we will see what happens in the next 2 years.
Right now we are in a point in which it is very difficult to predict what bitcoin will do because it can take almost any direction, it is obvious that with the recent growth that we are experimenting people are very positive about the next movement of bitcoin but I'm not so sure, as you say it could still go down again because we still have several months left before we see the halving so all of that enthusiasm is bound to calm down and when that happens the price will go down as well. |
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This thread was started back in February, about the time that we did bit bottom. Since then we've had a mini recovery, and prices are now stagnating a bit. I don't think we can talk about current prices being at or near the bottom, as we are a long way above Feb prices - that was the bottom of the year long bear. Now is merely small fluctuations well above that point.
Each market cycle has its top and its own bottom, and we are in a new market cycle and it is difficult to know if we have reached the bottom, it seems the price is having a positive tendency during the last days and this could indicate that we have in fact reached the bottom, but we will have to wait because it is impossible to tell if that is true after just a few days of positive results, we know how volatile this market can be and we could lose all of the progress that we had made in a single day. At least, the indicators of the cryptocurrency market indicate an improvement in the position of Bitcoin and Ethereum, because over the past week these coins have risen in price by almost 10%. But this applies only to the highest rated cryptocurrencies, because the entire cryptocurrency market is in a bearish trend. I very much doubt that it is worth trusting some unverified data and forecast. During the last days the rest of the altcoins have given signs that they are alive but things are not what they seem like, the growth of bitcoin could be because of the halving that is coming and we can give a simple and elegant explanation, but what about the rest of the coins? To me I do not see why so many coins are giving incredible profits and all of those that invested after that pump thinking they will get some easy gains are probably going to regret investing in those coins. |
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Finding scammers has become very difficult,
they mask their projects very well,
and those places by which it was possible to determine them, they modify them
so that the second time in this place it will be impossible to determine them,
they constantly work on bugs
It is true that scammers are very good at hiding the fact their projects are scams but at the same time if you selected 10 projects at random 9 out of 10 will be scams so it is not really difficult to find them the difficult part is to actually demonstrate that they are in fact scammers, I know I do not have the skills to do it but there are many members of the forum using their time to catch scammers by checking if their white paper or their website is original or if the pictures of their developers were not downloaded from the Internet. |
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Such threads gonna lead to more speculation which in turn will make people FOMO and this would lead to a price rise. I don't think that this rise will halving as the basis. It will be more of euphoric rise. People speculating and buying in. Halving is indeed a big thing for Bitcoin but it won't matter much if you only focus on supply and demand. But the price prediction surrounding it can change the sentiments to the great extent.
You can easily tell that what is happening right now is due to hype, when the price increases because there is a higher demand we see a slow growth similar to what we so at the beginning of the previous year but when the price increases just because of speculation then we see an explosive growth and it is precisely because of this reason that I'm not convinced the growth that we are experimenting is going to last long and most likely a correction is coming. |
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I also began that way, I was mystified by the ability of traders to predict what the market was going to do and I wanted to do that by myself, at the beginning I was not thinking about making money I just wanted to do the same they were doing but then when I realized that you could make money with that skill I dedicated even more time to it until I was able to design my own strategy to trade the markets, it was not easy but I am glad that I made all of that effort so I could be here today.
strategies sometimes cannot work well individually, you need to try to communicate with many daily traders, and change decisions that often result in losses. almost a year I read a lot of theories and do my own analysis, but it only took two months to understand everything when deciding to actively communicate directly, a pretty basic difference is how we put forward various strategies in different understanding according to market conditions. Most traders never share their strategy and it is because they are afraid that if they do the method that they are using to make money in the markets is going to become ineffective as more people begin to use it, and I think they have a point, no one has ever asked me specifically what strategy I use in the markets but if someone were to do that I'm not going to tell them because it took me a lot of time and a lot of effort to get where I am today and I do not want to give that away for free. |
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