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##PROOF OF AUTHENTICATION##
Bitcointalk Username: DiceChain
Telegram Username : @Dicechain0
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yes it will be stressful if you start trading without knowledge and strategy. Because i never agree to start trading with full of your amount.And not suppose to start trading without knowledge. Always i follow strategy like start trading with potential alt coins,invest a small portion from my full amount it can be 40 or 30% and trade with not only one alt coin but also other potential coins.
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First of all do not despair about it. Perceive it like the next life stage. Today you lost 2000$ tomorrow you will earn 10000$. It's a life, be optimistic in every situation.
Trading is all about gain or loss. If you lose today, you may gain tomorrow. Important thing here is optimism. If you are optimistic enough an learn through mistake, you will gain must. You have to understand the reason for losing and must not repeat those mistakes. Another point is that never be panic and never do unplanned buy or aggressive sale. |
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I follow some simple strategies for trading. Those are:
1. I never invest more than 50% of my fund.
2. I diversity my investment. I buy 50% bitcoin, 30% ethereum, rest 20% in altcoin like waves, ripple.
3. I plan first then go for buying. Until my coin price goes to my predetermined point, I never sell.
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I believe many people are already aware of the bit. And it still hesitated that if you buy a bit will keep losing it? If it is, it will be too late. I do not think I have any guidance. I just want to present many factors to see that. What is the price of bundles it up or down the day it is due to what the problem?
With so many hack incidents happening on different exchanges, I do not feel safe buying on any. So much money is involved and I do not want to loose the investment because of somebodies else fault. There would be some incidents in every task, but those can never stop that task. Crypto market is no exception. Your email or facebook password may be hacked, but you never stop using email or facebook. Bitcoin price is around 6700$. So. it is high time to buy and it is never late. |
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With the markets experiencing a fall that kicked in around 24-hours ago and Bitcoin falling down to the 6,700$ mark, would you buy in or opt out?
It's high time to observe I think instead of buying or opting out. Market is crashing day by day. Now, price of coins looks so attractive to buy. Yet, waiting for a few days and observing the market thoroughly would be better. If bitcoin price fall to 5k or around, then it would a great time to buy for locking profit in future. |
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Sell now or cry next week.
Right now price is under 6700$.
It's normal bro, i will keep my bitcoin for a higher price. Now is the time for buying. Good decision. Fluctuation is the innate nature of any currency. Price hike or price fall is the part and parcel of daily activities of any currency. Bitcoin is crypto currency and it is no exception. Since bitcoin price is falling, it is high time to buy bitcoin for future profit. |
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It is the psychology but more importantly it is the emotions that get the best of us. This happens in every facet of life and trading is no different. When we lose we want to get out to stop the pain and when we win we want to book our profits. You must get a better mental state if wanting to achieve big things at trading cryptos imo!
Good observation. The basic psychology of traders are buying when the price is rising and selling when the price is falling. The point that can be noted here is emotion and panic. Most of the traders are emotionally fool. Another mentality of traders is that they want the return as early as possible and quite unable to wait. |
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No risk no gain. Profit is the reward for bearing risk and uncertainty. As a result profit can not be imagined without risk. Crypto currency is a volatile market that associates risks.Besides, big profit requires high risk.Say for example if you deposit your money in banks you will have no risk but a little return of your money. On the other hand, if you invest in stock market, you can earn huge profit, but there is high risk too.Investment in crypto is more risky with better return.
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I don't think so. As we all know thar bitcoin is a crypto currency and it is based on block chain technology, it is decentralized in nature. As a result, global regulations can not bring the ending of happiness. On the other hand, regulations are done for the smooth operation of a currency. So, regulations will assist to boom bitcoin transactions.
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They are saying that bitcoin is a currency that is digital which is able to use to buy goods or services but what people really do to bitcoin is using it as an asset to be able to earn big amount of profit, not as currency. Also for me I utilize bitcoin to earn profit not for buying goods or services.
Bitcoin is a currency or bitcoin is an asset. Both statements limit the value and features of bitcoin. Bitcoin id undoubtedly a currency that can be used in transactions irrespective of the Geographic location. But this currency has significant potentials that enhances its acceptance as well as value globally. As a result many people invest in bitcoin as an asset to gain profit. |
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Trading is indeed difficult to do.
Long term trading may take weeks, months or even a year or so. You may call it as "long-term holding" or simply "holding".
Long-term trading is good for those who:
- want to invest
- has a job that requires at least 8 hours a day
- want to earn extra income
- non professional traders or beginners
But of course you will have to consider these things before investing: - invest money that does not limit your ability to meet other financial needs
- should be willing to lose some
- higher investment, more risky and higher potential of loses and/or rewards
These are the benefits of long-term trading according Anne Chapman (2015): - You are not required to find new opportunities every time. Just hold on the coins you believe has a potential. Do not bother yourself with other cryptocurrency focus on your work and family.
- You have more time to plan and study the charts for analysis of trend
- You only need to employ simple techniques.
First, identify major areas of support/resistance (does a trend have room to develop? Second, look for chart/candlestick patterns (do they reinforce a trend continuation?) Finally, look for a logical and high probability point of entry and manage the trade - You will experience less stress since you do not have to monitor the charts, price, trend etc. every time.
- You only have to work less. Check your coin in a month or weekly basis, etc
Thank you. A more detailed explanation can be read here at: http://thedynamictrader.com/advantages-of-long-term-trading/[/list] Long term trade is like planting a tree. If you plant a tree, you have to wait for a very long time to get its fruit. When the fruits will ripe, you will just collect those ripen fruits and test those. Swipe the world tree plantation with long term trade. Here you will be tension and hazard free. After a long time when your coins' price will surge, you will sell and lock significant profit. |
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If peoples who have bitcoins and cryptocurrencies accept the KYC then it will mean that governments will have won.
I don't think so. Bitcoin is a decentralized crypto currency. Therefore, government can not regulate it properly. Rather government can ensure the smooth transactions through bitcoin for development of economy. Government can create policies, guidelines and instructions only, bitcoin will run in its own pace and own way due to its decentralized nature. Point to focus here is more innovation and coding system development for bitcoin. |
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Cryptocurrency Trading is fun and captivating especially when you are always up with profit no matter the situation of the market, of course who wouldn't be happy when you are successful in what you do?
In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.
Profit is the ultimate target of any trade. Therefore locking profit is always exciting. The question is the timing and amount for locking profit. Hit the iron while it is hot. So, lock profit when the market is boom I mean green. And again buy when the market is bearish I mean red. |
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In fact, we all know that investing in a bitcoin is more risky than depositing money into a bank. Many people choose to safely deposit money into a bank for interest instead of leaving it at the chance of bitcoin. But investing in bitcoin will bring you very high profits in just a short time.
You nailed the main point. Bank investment is safer in a sense that it will generate a fixed return on your investment. Bitcoin is highly risky here since it will not generate any profit in a fixed manner, rather you have enough chance to lose your principal amount. But if you think about the amount of return, then bitcoin is far far ahead of bank investment. The amount you earn from bank investment can be earned just in a week in bitcoin. Therefore bitcoin investment is more risky with higher return. |
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You shouldn't use more than 5-10% of your total capital into a trade. In trading, your money can get stuck really fast and you don't want to sit with no money in hand if Bitcoin enters into a bear cycle. Always try to reduce your risks when trading.
Tricky yet necessary points. To be safe and secure in your trade, follow the strategies given below; 1. Never invest more than 50% of your fund. 2. Diversify your fund. Buy bitcoin as well as other altcoin. 3.Buy when the price is low. 4. Sell when the market is boom and prices are surging. 5.Invest slowly. Watch, gather knowledge and experience first. |
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I invest 0.005 btc only in january 2017 and i already earn 10x by now
Spend also your time to read different topics here in forum and in news for knowledge about crypto
Another thing start only in little by little to earn then risk big in trading if you already can afford to lose that.
Good strategies indeed. How much you should invest that has no boundary or limit. You may invest all of your money in cryptocurrency. But that will not be wise. Invest maximum 50% of your fund. Diversify your investment like 70% in crypto and rest 30% in altcoin. Start investing gradually. Thus you can succeed. |
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I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
Bitcoin price is not that high till now. It is not legitimate in few countries. Yet it is serving its goal. Because surging price to the pinnacle or being a legitimate currency can not be the goal of bitcoin. Rather bitcoin aims to smooth transactions around the globe irrespective of the geographic location. Bitcoin is a little bit successful in this regard. |
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i think, it's really good time to re-enter bitcoin. btc will rise in a short time.
I do agree with you. Certainly bitcoin price will rise more and more because of its future prospects and potentials. But, recently price of bitcoin is falling slightly. So, if someone buys bitcoin at this stage, he will make profit surely. |
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