It can be a great opportunity to win dollars but the risk is higher if you don't have enough knowledge about gambling sites. Gambling will usually depend on luck this is why it is important to review new sites before participating not every trader usually gambles. However, traders first reduce the amount of deposit before gambling.
You're right. I don't think a lot of trader will risk their capital in gambling sites such as this. The reason is that gambling contains a great risk of losing your capital. Personally, I don't participate in gambling because I believe that my luck will not support me lol! However, be careful when you participating in a new sites! Good luck guys! |
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I want to say that most times trade charts and price movements are not programmed to happen; but instead it can be set up to happenl; by conjuring couple of catalyst to the market which can be a bad news, a disagreement or even sec news which destabilize traders emotion and force the weak hands to dump so the strong can take advantage.
Irrespective of the price movement, or inability to predict correctly always, becoming a good analysis always help.
Agree! The coins value particularly and the market can't be programmed to change. However, it can be manipulated by the effects of external factors. For example, people who wanna change a coins value will push information about it on social media platforms. Whales can do panic and huge sell or buy in minutes to increase the trading volume and then dump the coins.. etc. A lot of ways to influence a coins value by influencing external factors. Therefore, it's good to know for your own benefit! |
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Both sides are quite difficult to make money. When it is moving like crazy it is hard to make a profit because you are at a situation where it is going up or down and moves frantically and you might miss all of it, you could buy it right when it starts to drop or you could sell it right when it is going up, it is a very very crazy situation and it creates a ton of trouble for everyone and you need to be very good at trading to know when to trade.
However when it is not volatile and it is staying around the same prices like it has in the past month, that means you can't really make a profit neither, it is not moving at all so how could you make a profit? At the end of the day we can't really make a profit without price changing. So what we need is middle of it, move a bit enough to make a profit but don't move like crazy.
True! The market volatility is the reason why we can earn profit out of these value differential! Therefore, it's not true to say that the market is too "volatility" so we should stop trading. The only thing we should do is adjust our goal from long-term to short-term. Consider the market circumstance like right now, we should only do daily trading to avoid the risk of being lost our capital! |
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There is minimal risk when you invest in a quality product with a solid team.
but the risk is still there. however, in the business world, whether it's trading, investing, etc. all have risks that need to be faced and prepared. those who can't afford to lose their money, you shouldn't do any business. no matter how small a business, then it will have risks that need to be faced. You're right. Whether the risk is high or low. There's always a risk in business, any kind of business! Investors have to know that. Especially in a new market like the cryptocurrency market, the risk is even way higher than other markets. Because of that, investors in the cryptocurrency market have to be wise and really careful about what they're doing! |
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Trading education can be beneficial to overcome all other points that you have mentioned. Since educating a trader can lead to mistakes, risks analysis, prod and cons. Apart from this one can easily get to know their own habits and behaviour when they start trading. Knowing yourself at anytime is best one rather than depending on someone else.
So it's advisable that everyone focuses on education and analysis of their trades.
True! Before doing anything guys, please learn! We should know and understand what we're doing. In that way, we can believe in our decisions and our ability to achieve our goals! The way I overcame my mistake in the past is that I learned from it. I find the problem and learn how to fix it. That's how I can keep moving on in this market! |
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I agree with you. Everyone at home will spend more time researching the crypto market, and I'm sure this is a good time to invest in this market. I was also heavily influenced by Covid-19, and my current job is being paused, making me feel very depressed. However, things have been favorable for me when trading in this market and until now, I have made more than 300% profit after only three months.
Ooh! That's an impressive amount of profit! Congratulations dude! You're right that trading based on short-term profit like daily trading is suitable for the market situation right now. However, we need to be aware of other unpredictable consequences when investing and trading at this point of time. Even though the market is recovering, it still contains a lot of risks! |
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I always recommend trading in coins that are at the top of the trading list in terms of trading volume, these coins have strong buying and selling movements and you can benefit from this greatly, of course this list is constantly changing and not fixed but you can say that good coins in general are:
BTC / USDT,
ETH / USDT,
ETH / BTC,
ADA / USDT,
EOS / USDT,
XRP / USDT,
Of course, you should also note that the choice of coins is not important, but also the choice of the exchange pair is very important because liquidity and the volume of trading varies according to the pair.
Agree! I always trade with the top coins in the trading list. In addition, I only trade in BTC pairs, ETH pairs and USDT pairs because of their high liquidity and high trading volume! However, sometime I choose to "risk" my money in some altcoin that just pop-up in the market in hope for a double or triple pump! |
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But at the same time, infection rates are already falling, more people are recovering and soon the vaccine will appear. It seems to me that it’s time to start preparing to launch the project. And so yes, I agree with you, because of isolation, many people have found an alternative to work and have gone to cryptocurrencies and so on. This had a very good effect on the market.
In effect for the market it is good, but today's market conditions are still not much different from the conditions when it was still in Covid-19, so don't jump to conclusions if you haven't seen the reality of the market. You're right. Even though the market is showing positive signs. It doesn't mean the market doesn't fluctuate unpredictably. However, trading for short-term profits is totally possible now. We're expecting another bullish season in the end of this year after the ETH 2.0 launched. Until then, I decided to wait! |
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ETH being a scam is more likely BNB trying to scam us. If you look at it If ETH is a scam (just a speculation) The market will tumbling down because ETH is one of the largest coin out there. If it turns out being a scam how do you think people would think about cryptocurrencies generally. They will have doubts which can result on the downfall of crypto. But no, ETH is not a scam if it is then it should be long gone when it reached it's ATH back in 2018.
True! It's just too fun to see people ask about thing like this! ETH has been around the market for a long period of time. It has gained its reputation and credibility since 2017. Personally I think ETH is the second most trusted coin in the cryptocurrency market nowadays! |
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You can be friends with the volatility so don't be scared of it. This market proves to us that you can be more profitable but of course the risk is too much for those who don't have enough skills or knowledge in trading. To become successful in trading you must not forget to invest yourself as well, because you have to be more knowledgeable enough to survive. Losing money is normal in trading, set aside your emotion and become a good trader in process. The most profitable investment in this market is to invest in yourself! Building a strength fundamental knowledge, mastered skills and analysis techniques help you become a successful trader! Because of the volatility of this market, we're able to earn profit out of it! If this market is a stable market rather than a volatility one, we can't earn nothing! |
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Well as many mentioned, it would be Electrum and Coinomi. Electrum has a desktop version as well and that's quite nice. However don't hold too many coins in such mobile wallet.
I don't trust any wifi networks that I connect in public and you never know when the hacker has the access to your phone already.
Consider investing for an hardware wallet as well.
True! The problem with mobile wallet is its security. We all know that when we connect with an open wifi network, it's easier to be attacked than hard-cable connections. Therefore, as long as those mobile wallets don't provide a certain security method to secure our wallet, I wouldn't choose them to hold tokens! |
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The medium-sized exchanges that come to my mind right now are the following:
1. Bilaxy
2. Gate.io
3. Exrates
4. DragonEX
5. P2PB2B
I would have recommended Yobit and Livecoin as well, but I understand that these exchanges doesn't have a good reputation here. I have used them and I could have suggested, but then it may be safer to skip them for now.
Good advice is right here OP! Take a look at these exchanges. However, one question that comes to my mind when I read the title: Why don't you try to list your project in larger Exchanges? Medium-sized Exchanges don't really have good liquidity and high trading volume to get started! Anyway, wish that your project will be successful! |
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I'm looking for answers about Tokpie, the website claims that bounty hunters can sell their stakes for ethereum, how true is this? Have anyone if you guys sold stakes for ETH successful on Tokpie Platform? Any answer will be appreciated, thanks 🙏
I have never personally used the Tokpie platform but I have heard from many friends that the platform really works but it can take some time to get your bounty order matched at your desired price because the liquidity is quite low over there. It's the common issue for any other small Exchanges. The characteristic of small exchanges is low liquidity, low trading volume and low users. It'll take a while for Tokpie to gain those things along the way. However, in general, Tokpie has been proving that it is an acceptable platform compared to other small platforms! |
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It's true that top exchanges attract more investors but if the usecase of the project is unique ,the developers can decide to use some middle class exchanges and the project will still sell out as long as it has it's purpose not just a copycat, so everyone shouldn't run to top exchanges if they can't afford it.
to be listed at the best exchange is indeed very difficult because it requires a very large capital, whereas to enter the exchange where the class is still middle is enough but the trading volume will certainly be small because usually the whales and investors prefer trading at the exchange which has a high trading volume. I agree! Not all new project can afford that. However, all of them probably will try as hard as they can to achieve that goal! Being listed on a high-trading volume Exchange (or large Exchange) helps a lot in attracting investors and participants. Therefore, I think there's no one will refuse it! |
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now IEO is more desirable than ICO, if your Project wants to succeed try doing IEO on large Exchange like Binance, Bitfinex, Poloniex, with the concept of your latest Project, maybe a large Exchange will be interested in launching an IEO Launchpad for your project
The first thing to get IEO at these exchanges is that the project has to have a large budget to be launched, and there will definitely be a lot of checking processes. I think, should join IEO at exchanges like Huobi, Okex and Binance because these are the three safest exchanges for investors because so far, no projects have failed to get listed here. However, to get a ticket to participate will depend a lot on your luck. Not quite about luck! To have a ticket to participate on those Exchanges, first of all, you have to present a clear plan of your project. Next, you have to develop and show others your project's strengths to attract investors and participants. In order to be listed as IEO on those Exchanges platform, they'll follow you along for a while to make sure your team is actually working on the project before bring you in! |
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It's not that bounty hunters don't make profits out of these coins, yes they all ended very badly but as a bounty hunter you have to be smart, these coins don't have the potential that can make you want to hold on to them, it's better to sell while you can, you list Airwallet as scam but a friend of mine make 700$ from the bounty, those who hold got rekt
Agree! Those scammed projects don't end up as we expect. However, as a bounty hunter, we should know when to jump out of a project that isn't potential anymore! You're right that we have to be smart in this market! Personally, I only hold tokens when the project are clearly potential, otherwise, I will sell it when I can! |
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I believe that beginners who want to learn how to trade should use the only true method for this - to trade.
However, there is one nuance, I advise beginners to trade on a demo or paper account for a long time, in order to understand how the market works and to make all possible mistakes without spending money on it.
Well, the newbie has to study for it. however, if you never start, the newbie will still be the newbie and will ask the same questions. if you want to start, you should prepare all the things that can happen. the most important thing is to try with small assets. LOL! You just said what I'm about to say!! A newbie will be a newbie forever if they don't start practicing to gain their knowledge and experiences! The only different thing between a newbie and an old trader is experience! Who have more experiences, they're better in somehow! Therefore, start practicing trading today if you wanna be better! |
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OP is seeking a help about on how to become a successful trader. I have pressumed it because of the title of this thread.
And yeah, it's true that bitcoin market has extreme volatile characteristics that may cause traders to be exhaustes because of liquidity problems. But to endure and take this risks with good knowledge and good management trading plan, you can be a good and successful trader. There are so many things to consider but if you are determined enough on your goals, you can achieved the success.
Agree! Being a good traders doesn't mean you can be successful. Obviously, to be a good or successful trader, you'll need to learn good knowledge, practice your skills, acquire experiences. That's are the very first steps to join this market. Importantly, learn how to manage the risks and goal-setting. Be clear with the goal, don't change it along the way otherwise you'll be dip by the waves of the market! |
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Subbir trading is open for everyone, but many don't do any research before they get into trading. They think it's easy and
that anyone can do it, but soon as they faces with some loses they understand why they needed some proper education before
they risk their money with trading, that is unknown for them.
Some people should focus on learning and watching others before they decide to try it, and when they try it they should risk
only what they can afford to lose.
Actually, ALL PEOPLE "should focus on learning and watching others before they decide to try". All traders should equip themselves with proper knowledge, skills and fundamental understanding about the market before joining in! When you come to this cryptocurrency world without any knowledge, the only thing you can acquire is failures! Therefore, don't be rush! Learn before doing anything! |
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You can always look at the signal as your confirmation whether your analysis is what also the signal depicted. If you find it always positive, you will likely survive by yourself already without looking for other's idea. I'm still part of the telegram channel where they discuss where the market goes in a day or week. It still gives me the chance to compare their analysis/
Alright! We need to make it clear! Trading signals are not bad! However, because of its accuracy, we can't totally rely on the trading signals to trade! Instead, we should gain our knowledge and skils all by ourselves in order to have the ability to confirm the signals! Some people choose to trade all by themselves, they don't even care about signals. Some with weaker skills still consider signals as references. However, don't rely on them too much! |
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