If I lose in trading, I will not run from the loss. I will keep trying to trade. But I will take a break for a while to calm myself down and rest to analyze better than before in the next few days. That is important for us to learn from the mistake that we made before to know what we need to fix and have a better chance to make a profit. It is normal to lose from trading, but how we can deal with that is a matter that every trader can not do because that will be hard to accept the loss.
That is a good approach in dealing with your loss, knowing your mistake, find out what have you done working, and making a better analysis. Taking a break from having a consecutive loss is necessary for you to calm your mind and get out of the pressure because emotions have a big impact upon dealing with your trades. Loss is just part of our trades this became our lesson to not repeat the same mistake. Well, I can't blame that person who OP mentioned on his thread but I can't blame him, you should know your limitation, don't trade if you can't able to handle your loss. I realize that is what I can do to prevent more losses and to deal with myself. If I lose, I will be sad and that can trigger my emotion to try more and more without thinking about stopping trading for a while. I can say this because I have the experience of losing some money in just less than a day but I still try to analyze the other coins. That makes my losses bigger, but fortunately, I got a phone call that makes me leave my computer so I do not lose all of my balance. Without knowing our limitations, we can use all of the funds to trade, leading us to lose all of the money. Psychological control is needed in trading, when we are down like you, I think we really have to take a break and neutralize our thoughts, then we can start again and look for opportunities. If things go badly and we continue trading out of ambition, I think it's a gamble |
|
|
|
Yes if you are daily trader and not thinking about your health physically and mentally then it can be dangerous for you. Trading works goes through tension and mentally sides. So you have to give importance to health.
It's not because they are daily trading, it's because got so obsessed with trading that they prioritize it the most instead of their own well-being, to be honest the people that are likely to have problems are those that keep thinking about their health but not doing anything about it. Health is the first thing to prioritize and then making money because what is the use if you have a lot of money if you are already dying. therefore we must be able to control ourselves, so that we treat trading like a daily job. so as not to reduce the rest time and the mind will remain calm so that in trading without a lot of pressure. actually we can do that, where at bedtime we must have no transactions |
|
|
|
Going from paper cash to electronic money and from electronic money to cryptocurrencies is actually a really slow process,that will continue for decades.All those forms of payment will continue to exist together.
I don't see the majority of people dumping fiat money anytime soon.The pandemic might have reduced the usage of paper cash,but the percentage is really low.Many people are using credit cards instead of cash,so the risk of getting COVID while shopping isn't that big(if you are wearing a mask and washing your hands).
The health protocol that has been implemented has really helped the spread of this virus, so that until now I think the use of fiat currency is still dominant, and the government has not legalized cryptocurrency as well, hopefully it will be realized soon. so that currently crypto is practically only an investment tool that has created many new rich people |
|
|
|
In fact, since the beginning the government has always opposed the presence of Bitcoin, even the government is trying to kill Bitcoin, so as not to endanger fiat. The government does it all because they are frustrated that they cannot control Bitcoin, therefore some countries choose to reject Bitcoin, by deeming Bitcoin illegal. But there have been many attempts by the government to make Bitcoin look bad and hope Bitcoin dies, but unfortunately Bitcoin has survived until now. Even the price of Bitcoin is getting more expensive and the demand is getting higher. So finally some countries started realizing that it was impossible to beat Bitcoin, eventually some countries started accepting Bitcoin with certain limits, for example only accepting Bitcoin as a digital asset. But this has been very good progress, I even believe that in the future all countries will accept Bitcoin. Yeah, Bitcoin will be fully accepted across the world, some countries might not ready to accept Bitcoin but eventually, their mind will change as every country accept it, to put it simply it is just a matter of time they could impose some regulations, of course, like imposing a tax or something. They hate crypto because they cannot able to control but I do believe that some of them even use it for their personal gains cause we know how much really it can provide. Besides even if they impose a ban on it there will be still some ways to access it that is why crypto adaptation is inevitable. Maybe it will take several decades for Bitcoin to be accepted by all countries in the world, because currently there are still many countries that are not ready to accept Bitcoin. And I agree with you, some government officials must be secretly investing in Bitcoin for personal gain. Because surely these government officials know the potential profit that Bitcoin can generate is enormous. But they do it secretly, this is one of the advantages of Bitcoin, we don't need to give our identity to buy Bitcoin. maybe on the one hand government officials use bad funds to invest in bitcoin and they safely keep it quietly so as not to be traced. so they strongly oppose the existence of bitcoin because it will take away their paradise in saving money and investing. This was what the central government worried about at the beginning of the bitcoin boom, because it would be used for bad things by unscrupulous government officials |
|
|
|
The answer is definitely and absolutely, no. Bitcoin can
Let's stop insisting war and competition between the two aforementioned organizations. They have their specific purposes. Both serve as an alternative option one way or another to the majority. Without the banks, economy will most likely suffer. Without the bitcoin community, people would lose platform/medium to generate income and/or to invest with.
To many people thinking that it can overcome something giant while we all know how strong the fiat system is for sure there will be no ending discussion about this but its easy to think why this overcoming a certain institution will never happen to bitcoins, maybe the global adoption and usage will spread but we will see only bitcoin as alternative since law makers will surely supports fiat(Central Banks) at any cost. I agree. It is very difficult to replace fiat money which seems to be fully supported by the government. Global adoption will really help bitcoin to gain strength and in the end the government can consider it as an alternative means of payment, I guess that's my highest hope. |
|
|
|
Corrupt cops are always trying to screw us anyways, in anyway you can imagine.
There is also an initiative going on to created bank accounts in USD so people can pay easily with it when buying their stuff, because due to de lack of coins and 1$ and 5$ bills, it can be difficult to spend exactly what you want. I have been in the sitution I needed to spend 10$ with a 20$ but I could not.
However, many people people do not trust banks here anymare, and will likely do not put their few USD with them, because of how they have limited the access to your savings in the past, nowadays, for example, in order to withdraw 5 million Bolivares in cash (about 2-5$ ) one needs to get up at 7 am and spend 2-4 hours in a line outside the bank, together with 500 hundred people. I did this last week.
So people literally stuff their few dollars under the matress. OK.. so even if people are permitted to hold USD in their bank accounts, you are saying that few people would do that, since the banks are not trusted by the people. I can't blame the ordinary citizens, because we have seen bank accounts being used for wealth confiscation before (check what happened in Cyprus). But then holding all the USD bills under the mattress can be extremely risky. And since these are banknotes and not coins, you need to store them with care. Banknotes can get spoilt easily. and that is actually the function of a bank, rather than keeping it at home, of course it will be very risky, so I think a bank is safer to save money, even though we are subject to administrative burdens that do not match the interest given. |
|
|
|
I am not too worried about whether I will enjoy everything I have earned so far or not in the end. Even before Covid, the terror of death was always there when you left the house. Everyone who is alive has a death threat no matter how healthy thye are. As you said, it is only a matter of time.
Even we left something after our life, that is the best thing we can do rather than leaving nothing to our family. So, I never agree for spending everything; it should in control and should not be in lavish manner. Its so selfish act for us to think about spending all what we earn since we don't know what will happen and it might lead to a huge burden to our family if we left them nothing or with debts, so for having a comfortable life better spend only on our needs. I know vacation is important to us to unwind and releave stress but we should spend wisely and control our money for buying things or spending on nonsense. actually we can divide the money for all our needs wisely. suppose we are disciplined using what percentage of the money from our business profits for the purpose of vacation, or to buy our pleasure. it is a reward for our hard work. It is very unwise if the profits we can spend at the same time, even though from that profit we can invest and provide guarantees for our old age |
|
|
|
In order to trade in this market, you must have a very strong psychology. The price of bitcoin is very unstable. Every day can be worse or better than the previous day. Do not trade in this market with debt money.
That is definitely something that very few traders consider, before you begin to trade the volatility of the market gives the impression that you can make a lot of profits in a short amount of time, and without a doubt that is true but what most new traders do not really get is the incredible resilience that you need to show when trading this market and if for some reason you take the horrible decision of taking a loan to try to make money in this market most likely to do not have what it's needed to be profitable with that attitude. too risky if we borrow money for trading. Are we really ready, or are we just looking for luck? It is not recommended if we only seek fortune, because we can lose all capital. and are we ready to replace the loan? it's better to trade according to your ability while you study, because there is no fast process here |
|
|
|
the government decides the value of currencies which is why its not volatile as it is. the government also decides its volatility by not or printing more of it. now that we know 90% of its value were lost, what was lost in BTC when its growing exponentially over the years of existence? due to it people are already considering BTC as investment not even a currency. the adoption had helped it grow.
In conclusion, government can manipulate the price of money. The volatility of every currency depends upon how they launches the supply of the money. If they want to pull down the price, they will release bunch of paper money and hoard when the economy slowly turns to boom so that the peak of economy will become stable. That is why they hate bitcoin. They cannot control it and it is transparent than paper money. We know the total supply of bitcoin and we know that time will come it will grow. Yes, this is how the value of the currencies were determined. Another thing every country cannot print currencies on their own, there is certain criteria of depositing gold and based on that specific value currencies were issued or printed. This isn't followed, countries release of their own which finally ends with inflation and economic collapse. true that a large supply of money will result in the currency is worthless and ultimately inflation. especially if officials in the country think of themselves with corruption, then hyper inflation is possible. if it's like that then the people who will suffer, to seek new asylum |
|
|
|
Big bonuses are only good for attracting investors, but we see that many tokens become worthless after listing so even 40% bonus will not help you to cover losses.
Forget about bonueses, deals, referral programs, everything is a marketing strategy, it is not a fundament.
And such bonus also have a negative impact on project when the listing on exchange has occurred, i think as a result of this constant dump on price because of this huge bonus the team have to come up with new ideas how to compensate early adopters other than given them too many tokens that they will end up dumping once the token hit the exchange, 40% is way too high, there won't be any value at the end, 5% - 10% is enough bonus to offer, if the project is good enough then investors will be willing to hold. right, predictable at the beginning, after the token listing on the exchange then the token will immediately be discarded and difficult to crawl up. this method is a bidding method to get a lot of investors, so that after the investors are gathered they are not able to maintain the project let alone develop it |
|
|
|
No, absolutely not. Bitcoin Cash just copied Bitcoin's idea but it is not that bad what people say about it. Bitcoin cash always gives good profit to its investors, in the long run, I don't know what will happen with the Bitcoin cash but it can be a good choice to invest for a limited time. Though you are right, Bitcoin is not doing accurately the whitepaper but it is doing great and I believe in the next five years, it will go beyond the whitepaper.
bitcoin cash is a bitcoin derivative, but bitcoin cash investors seem to be good too, proven by always being at the top rank, even though many people don't like it, but this coin still exists, and its movements always go hand in hand with bitcoin, I think this is its strength |
|
|
|
|
altcoin that does not have a product and a large community, so they cannot survive, this is like a natural law, they are not able to adapt, so thrown out of battle. so when bitcoin rises, they are unable to follow it, due to the lack of trust from investors
|
|
|
|
We can make scammer become stupid by never investing with their project and make big announcement for public about their project are scam, maybe many people get scam because they don't get information about this project before investing. We can make scammer frustrated when their project is not interested and not sold out to public, the scammer have lost much money with advertise their coins.
I think that there have been many bitcointalk members who have contributed to providing complete information of scam projects and that has helped many investors. It's just that there are investors who are greedy because they want to get a large profit or a large bonus offered by the scam project bitcointalk participants did provide information to the investors, so the project would get a lot of funds from it. but indeed at the moment of the first listing the price is the same as the price of ico then they already profit from the discount given, but sometimes greed takes it |
|
|
|
that's very interesting. but how is LTC at the moment? whether LTC is still very good for future investment. meanwhile, I've never seen great news about LTC. yeah. although indeed the situation of altcoin is having prices down. maybe if LTC falls in the price of $ 30. I will also buy it.
I have already started to buy it, but indeed with some of the bugjet brooms, and I will wait again if the price drops below the price of $ 30. Although there has been no news from LTC all this time, LTC still has a good community, especially since it has long been in the top rank of Coinmarketcap |
|
|
|
Cryptocurrency will survive and there is no doubts about this. Looking at the yearly adoption chart, it appears, cryptocurrency adoption keeps growing each year. This is a massive achievement for cryptocurrency. Also, the China president Xi Jinping mentioned to support Blockchain technology and this means crypto has great future.
Crypto certainly doesn't look its going away in my opening. The Internet made the world a global village and blockchain technology via cryptocurrencies will make the world a gloabal economy. So I think the world needs crypto more than it needs the world this can also encourage villages to become more advanced, because the distribution of their crops can be distributed out with payment using crypto, of course it will be more effective, and this can support the progress of the village. Moreover, internet access is now beginning to enter the villages |
|
|
|
Hi guys i read on the news that major few exchanges are delisting some altcoins that falls to keep up due to present bear market, for example poloniex exchange is delisting Omni and primecoin and others, what do you have to share about this?
Some are saying its good to invest in old coins now few old coins are dying, I believe they've met the end of their roadmap, no more excitement about them, this is why i still feels that newer coins will take the bigger advantage of future greenish market, what do you think?
Maybe they just want to highlight those altcoin who are more deserving to invest with rather than risking to the old ones which in fact are literally have less chance of being fortune to the investors. Anyway it is not bad in a sense we are more aware to the coins who are dying, and be more notified to those decent alts out there. especially the new altcoin, maybe I don't trust it to invest because it doesn't have a lot of community, so it's easier to pump and throw away, I don't think it's safe for long-term investment. only altcoin on the top ranks that I choose to invest long term |
|
|
|
|
Show Posts
