|
All of the government want their citizen to succeed in life or better, be a millionaire. Having a millionaire in a growing economy will boost its progress even faster because the millionaires will bring more money into the circulation of cash in the economy which will result for higher accumulation of taxes and more jobs that will be created because of the opportunities that the millionaires will provide to its government and country.
|
|
|
|
Groups of pumps and dumps should be caught as this is a serious problem in the cryptocurrency. You don't take advantage of pure market movements, but you manipulate a whole market to your own will and bait people to join you in the rise. I wouldn't call it clever or creative, but rather illegal, depending on where you are. That's why I have never participated in those. It's pretty much stealing.
It is a normal thing and we cannot deny it. The pump and dump groups are always there and they want to maximize their power to create profit for themselves while fooling other people from the market. The best way that we can avoid that is through avoiding the unpopular cryptocurrencies in the market because that is where they try to do a pump and dump because they know that the certain cryptocurrency doesn't have a lot of volume and they can easily create fake chart movements. |
|
|
|
As I see, the majority of traders loose because of poor risk management. IF you cannot manage risks you cannot earn in long-term, that's it. My personal recommendation is either to learn risk management. or use the software that will do risk management for you. Personally I use Bitinsure service to monitor all the risks and stats at several accounts.
Money Management is the major thing in trading because sometimes we cannot manage to reach your expectation and it makes us lose money. While we are placing any orders we have to reduce the risk management because every time it is impossible to make profits. It is not a wise decision to use third-party software. Being aggressive in trading won't help you having much money, instead be very careful with what you are doing and learn to manage your time and fund wisely. Wise traders earn more money than those who are aggressive in trading, you should have a good attitude in trading and being too greedy won't really help you. Greediness or being aggressive in trading will indeed get you nothing. It is not a good trait for an aspiring trader because it will make you create not practical and wise decision. Learn to master your emotion first and try to build a simple process for you before you buy or start trading. Losing money is normal but losing money consistently is a problem. |
|
|
|
Yes, full-time trading is completely boring because of some time it might take to execute the order for more than 2 days. So instead of keep watching the order why don't we spend our time analyzing other coins and it will surely help us for our future trades.
full time trading is where you do trade every single day without stop and you could execute many trades in a day. You also need to see the chart every single time to do that which is very boring for some people (including me). I prefer to buy and hold some coins for long time before selling it It's much easier if you are already a pro and you already have lots of experienced inside the market, day trading to try to scalps is very much boring as you need to stay long in front of your computers or whatever devices you are using. unlike with mid term or long term where you will just buy and hold and wait for the target value to achieved. I agree with that. That is the reason why I am sticking to mid to long term holding rather than trying to do day trading because it is not a profitable type of trading for me because of my lack of experience and knowledge in trading. I also lack in time because I have some businesses to monitor so mid to long term is the best for me and much lesser risk compare to day trading. |
|
|
|
It completely depends upon the coin they choose because there is some altcoin where we can double our investment in days, but we should also have the knowledge about the trading because without knowing it is very hard to make profits. I myself failed to make in profits within 2 months.
That is the reason why you should not prioritize to make profit in the first few months after you discover the cryptocurrency. You should put an emphasis on learning the basics first before trying the opportunity by yourself. It is possible to make a lot of profit but without a proper foundation for a trader, then he will likely lose all of his capital in a few trades. |
|
|
|
I think that HODL without thinking straight is the biggest mistake I've ever made. When Bitcoin was around 15000-20000, it provided a great chance for people to take profit and exchange their bitcoin for real cash. I was too dumb to realize that bitcoin can drop at any time. And when bitcoin was dumbed to $3000, I lost everything I had. I swear to myself that I will never ever make the same mistake like that. Well, I think I've learnt a great lesson from this
You should not let other people to brainwashed you to hold forever. I done the same thing from the past and I am now more aware of the take profit target and stop losses than ever before. I used to think that the price will continue to rise over the time and luckily, I still sold some of my holdings for a decent profit. Before you buy anything, you should have a plan on when you are going to sell it. |
|
|
|
In 2020, I think we need to focus on altcoins. After a lot of projects came out, prices fell a lot. But that doesn't mean they're bad projects. Perhaps this year will be the year they will prove themselves. Bitcoin needs to allow these projects.
There is a lot of undervalued altcoins in the market and I strongly agree that focusing in altcoins will give us a chance to bounce back from the losses that we experienced from the last few months because of the bear market. A lot of projects in altcoins are still coming out but not all of them are good in long term basis because most of them are just trash and created to scam people, so you better be careful in investing in them. |
|
|
|
It is not surprising that the consumption of Internet traffic is growing all the time. Devices that need to connect to the Internet is becoming more and more. More and more data needs to be processed. I think this trend will continue. For example, the quality of images transmitted over the Internet is constantly increasing. Further, computer games are becoming more advanced and consuming more resources, both computing and Internet traffic, etc.
We cannot live without the internet anymore and it is now a necessity for every person in this world, especially if you are going to have a business or you are going to build a network of people because internet will make it a lot easier for you. The increase in the demand for the internet will make sure that the upcoming projects will be expose to a lot of netizens around and it will provide an assurance of getting customers and potential investors like what happened in crypto. |
|
|
|
The banking system has long emerged. In fact, Zigurats can be an example in historical ages. I don't think they're gonna disappear now. They will probably undergo a technological shift. I think classical banking will undergo change.
For sure Banks will adapt the changes and will add crypto in their option, I don't think that banks will just disappear as we all know how they play in our economy, they are controlling our financial system and once they found out how many people and how much money in the crypto market for sure they will do something for it. The banks are already moving and creating their action to the demand for cryptocurrencies or digital currencies. We can see from the news that they are creating their own cryptocurrency and implementing the blockchain technology. They don't want to get left behind and lose the game in the financial industry and in the next 5-10 years, all of the sectors in financial industry will be blockchain powered. |
|
|
|
Well i think we all know that if we are going to put a big risk there are also a great return on it. But it depends on our luck, because not all of the risky way of earnings are successful some of it also fail so it always depend on the luck and it also depend on the experience on the particular feild.
Yes, you are right because it is impossible for us to make a profit even though we made a good investment and good analyzation, everything depends on the luck. Trading itself indicates there is risk involved if we won't predict them in the right way. if we are really doing a good analysis of course we will get profits, investment does not depend on luck if you have good knowledge you can make a profit. unless gambling is entirely dependent on luck even though you have analyzed it well. That's why it is so important to take risk, follow your heart and passion always, let's make sure that we will do something that our future will thank of. Take risk in doing what you want or something you need to do for your dreams and gambling is not a good way to make our dreams come true, it's just a pure waste of your time. Yes, pursue what you want and do not mind the opinions of other people about to the thing that you are currently doing. Happiness is the true success and you can get that happiness when you are doing what you love. If you are not doing it then you are wasting your life. I also agree that we should take risks even though it will requires some sacrifices but we all know that it is all worth it. |
|
|
|
|
I used to be this kind of trader back then. When I experience a small profit, I feel that I can do it again and earn a bigger profit and I will keep trading and trading until I start to lose money and I got greedy to recover it resulting into a bigger losses. I used to feel that I am a good trader and I don't need anybody to tell me my mistakes. Nowadays, I don't trade that much and I only set at least 5% profit each day and once I reach that, I just call it a day and wait for the next day opportunity.
|
|
|
|
So Everybody like to talk about winning and profits.... But traders honestly how much You are losing?
In trading we experience losing money and if I remember it was around 0.1btc only. This was of having a mistakes when investing in a coin not profitable in the market. Also, the mistake of being impulsive buying a certain coin at a high price. Anyway, learn lessons during those days when doing trading then next time to set a plan before investing in crypto. It is true that we should have a plan before trading or investing in cryptocurrency because a plan will guide us based on our checklist if it is already a good idea to enter or take a risk. While you are trying different strategies in investing or trading, it will be a big help for yourself if you will also spend money in education like courses and paid seminars to enhance your knowledge. |
|
|
|
|
The price of bitcoin will not reach that price in a fast phase because if that happens then it will show a huge parabolic move in the chart and it is not healthy for an asset because it means that the dump will be worse. The tension between US and Iran is now settling down and I think that we can still reach that target price without relying on something bad like a war.
|
|
|
|
1. Greed 2. Fear 3. Overconfidence These three factors mentioned in OP link are enough to destroy any trader portfolio in not only forex but in any trading market. Never Greed for more, just sell whenever you are getting your target profit else you will only lose. These 3 things will surely blown up your account in no time.This isnt applicable on forex same as you said but all types of markets that do involve buy and sell. You should really know on how to make yourself learn and realize your mistakes because these are stepping stones to success but if you dont know how to make these failure for you to learn then you wont never ever improved. Ineffective trading setups are the reason why there are people who failing in forex, there are also investors who did not identify the risks and that is the reason why they are becoming successful. Greed and Fear are also factors, we should be a discipline trader if we want to become a profitable trader. We should also have proper diversification to lessen the risks that we are handling. You have a point but less information and knowledge is also a primary reason why traders fail in forex and also in other type of market. If they do not have any idea on what are the criteria that they are going to follow then it is a huge disadvantage for them and they will not become profitable with that. They should have all the traits of a profitable trader before they try to risk their own money into the market. |
|
|
|
|
If something feels boring then it means that it is not your passion or you are not passionate about doing it. You should try other things like other type of source of income rather than sticking with full time trading. Explore and try different things and that is how you are going to find something that will not feel boring to you and you will enjoy doing it, full time, everyday.
|
|
|
|
|
Bitcoin is not good as the currencies that we used to because it is better than the traditional currencies. Bitcoin is decentralized so there is no chance for the government to mess with us because they do not have the authority to do that. Bitcoin is also digital so it is easy to transfer and it will leave no traces which makes you a complete anonymous in the internet.
|
|
|
|
I personally don't feel the difference between paying with cryptocurrencies and fiat money. Because now there are many credit institutions offering a lot of incentives when using it to pay and sometimes we have a lot of promotions for electricity and water bills. even promotions from the simplest services like 4G packages and some money cards. Besides, the payment for crypto is very limited and the transition period is really slow because my country has not developed according to this technology. maybe that's why I don't have the best experience.
You should feel the difference from paying between the fiat currency and the cryptocurrency. If you are paying with fiat currency then you do not need to wait for the some confirmation from the blockchain because the seller receive the full payment while in terms of cryptocurrency, you need to wait and pay a little extra because of the fee that you needed to pay to execute your transfer request. |
|
|
|
The world economy is at its worst, not only America. Almost each and every growing country has been experiencing a big economic downfall. War situation make the economic conditions go even worse. The same impact will get reflected over the market, but this won't be big crash or big pumping.
If the war happens the market will have a huge crash because of the panic that will happen from the investors and traders. Everything will start to fall as the people become afraid of the possible outcome. Cryptocurrency on the other hand will have a pump because people will be putting their money into it as they know that cryptocurrency is cannot be influenced by the economic events. |
|
|
|
|
This is a huge increase in terms of traffic because it simply means that the people are now going into full digital than before. Almost everything are now in the internet; businesses, information through articles, videos etc. Internet is now a huge part and it is now a need rather than a want and it shows a huge positive sign for the cryptocurrency itself to prosper in the near future because of the increasing number of users of the internet.
|
|
|
|
There are lovers and haters of crypto and BITCOIN. It can be a side of BTC but for me the BTC have positive approach.As we all know BTC amount will be mined in abut 2040.Can you imagine if it will be mined where will be the price of BTC.
Bitcoin is a medium which can be be consider as an asset and coin at same time,Bitcoin is easy and fast way t circulate funds around the world without any third party.Bitcoin future is bright and now n one can stop the BITCOIN due to its decentralized feature.
You make a good point but the year all the total 21 million bitcoin are to mine was 2140 not 2040. Meanwhile, i believe the reason why some people think bitcoin is over because of the result of bitcoin previous halving and the bitcoin reward which will be reduced or halved at block 630,000. The reason why they think that bitcoin is over is because of the bearish market that we have from the past few months. The price is still low compare to the past highs and it discourages other people to believe in bitcoin and they just think that bitcoin is over and there is no chance for bitcoin to comeback. Now, it is trying to show some strength but I am still not convinced to be bullish for the next few months. |
|
|
|
|
Show Posts
