Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
for me, losing satoshi is normal as long as my account increases dollars. Because our ultimate goal is dollars, we need to get more dollars than bitcoin because we're not sure about the future of bitcoin. What do you do when your hard trading week earns 1 BTC and the following week the price of BTC drops by $ 5000? That's why I want to raise more dollars because it's stable. |
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One of the biggest cons of full time trading is being alone , boring sitting in front of computer watching charts data all the time from past 6 moths i am almost doing this and now because of this i am not able to focus on trades. i feel like quieting full time trading and go to job so i make some new friends and Socialness
what you guys do to avoid this biggest cons on full time trading
I used to have a hard time doing this. But I realized that when we get bored, we should reduce the frequency of working with computers and charts. Spend more time outdoors, it will restore your soul. I tried it and it worked, but we had to spend a lot of time working on charts. For example, we should take good care of our soul and our health, then work on the chart. You just need to do well to be mentally good and looking at the chart is really easy and fast. You will even make better and more accurate decisions. |
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From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.
That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...
Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.
I have also thought about this but it really doesn't make sense when we create a group and support everyone's spirit in holding. Hold is really a good thing but outside the shark is constantly manipulating, we will die soon if we keep passive. I support the fact that we should hold bitcoin from now on due to the halving event and many complicated political developments, we should only have our own plan. That's the rule in trading, because if the group gets too crowded, the sharks will notice and it can manipulate the price of bitcoin more easily. |
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In Mexico, the UENI research firm conducted a study, in a field composed of 1287 Mexican microentrepreneurs, that is: supermarkets, restaurants, clothing sales, accessories, among others. In which it was concluded that 67.1% of respondents were unaware of the world of cryptocurrencies. The remaining 32.9% who said they knew the concept of cryptocurrencies, were asked another question, in which they were asked, if they would be willing to accept cryptocurrencies as a method of payment? and the result was that 50.4% of respondents he said no . https://www.criptonoticias.com/negocios/67pc-pequenas-empresas-mexico-desconoce-bitcoin-criptomonedas/What you think? -Why does the population know cryptocurrencies? -What would happen if at least 67.1% of microenterprises accepted Bitcoin as payment methods? -Could it be that there are more countries like Mexico in which the population does not know or fear this new technology? Actually, people who do business will often know about big issues like this but they mean they don't want to get caught up in this fraud game. Most businesses in Asian countries too, they know it but do not dare to touch it because they know the risk is very high. we will hardly be able to convince many businesses to accept payments with crypto because it is not a stable currency, the prices of coins often fluctuate so exchange will be very inconvenient. That is the problem that coins are unable to do. |
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Senegal has given the green light to build Akon City—a 2,000-acre metropolis that will trade exclusively in a digital currency called Akoin. Read more: HERE wow, it really impressed me. and he really had a lofty ideal that founded the city with the desire that more people use cryptocurrency and become more aware of blockchain technology. This pushes quite a lot for the crypto market in general and blockchain technology in particular, it will spread to the world if this project is successful. Besides, Akon understands that Africans really do not have the resources to trade and get rich, so only technology will save the people of Africa. This ideal is awesome! |
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Now that we don't need to do that, people around the world now seem to know about bitcoin and its effects over the years. But most people look at it negatively because there are many organizations that manipulate bitcoin because it is unregulated. anyway, due to the manipulation and freedom of trading it becomes increasingly valuable, we should be part of this decentralized market that has made a lot of money from it.
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Bitcoin and cryptocurrency in general will only advance if people actually use it for more than speculation.
In the past we've seen lots of retailers enabling bitcoin and other cryptocurrencies in their checkouts, and then been disappointed that hardly anyone has used the function. And we have had some orgs like Steam disabling bitcoin and giving up on it.
So how many people on here have actually used cryptocurrency in real life?
Anyone else want to share their experiences?
Likewise, I have never used bitcoin and never held it to use it for payment. I only hold bitcoins for money and for money, and besides, there is no reason at all. but actually we can pay with bitcoin in our familiar crypto community. For example, my family has a television and I want to pay for it with 0.5 bitcoin, I post it on facebook and in the crypto community, there will definitely be people buying it. I have tried and I only see bitcoin capable of internal transactions, in addition, there is no store want to hold bitcoin. |
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Over the years cryptocurrency has evolved into a global currency but governments are trying to sweep it's relevancy under the carpet. We all know that the eyes of the community are now opened to the importance and blockchain technology.
What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.
What is your take on this and what do you think will make governmental bodies to finally accept crypto?
It does not threaten political power, but it will really affect the economies of many countries. Have you ever questioned why a mighty technology nation like the United States would ban the use of cryptos in their means of payment? all have a reason. because they know that this blockchain technology is uncontrollable and that it can fuel money laundering. This will cause many financial disasters. The US government will easily run a budget deficit if there are too many money launderers and tax evaders. and I never thought that any government would accept cryptocurrencies, and if it did, it would be a foolish act. |
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Jim Rickards, legendary gold expert, says soon you might not be able to buy gold at any price!
I reveal the insider information you need to understand Jim Rickards reasoning and determine if you should buy gold now or wait. And how gold could go to 100k an ounce, or more.
I know Jim Rickards for a long time but not every financial expert helps many rich people. Ask yourself, if Jim only made a false judgment, would he be poor? of course he cannot be poor because he is only fomo about the price of gold but he does not buy it! or he has prepared a plan, that he buys gold from $ 1k4 and wants to lure people to buy more gold so that the price of gold is increased and he will sell it at a higher price. This is a common strategy of financial experts, they get rich because many stupid people believe in their words. |
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actually hackers only look for wallets that have a lot of money to hacked, and they don't care about small wallets like us. To protect your assets, the first thing to do is not to contact with any strangers on telegram, because 90% of all are scams and they want to usurp your assets with many games. Besides, the thing to not lose money in this crypto market is not to follow the big fomo wave. "go ahead" rules are always followed. This means that you can only be a trend maker or you will not join that fomo trend after a while, because it is very risky and you may encounter fraud. especially Lending projects, stay away from it.
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Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
hmmm .. this is really hard. India is a populous country but the poor are in the majority. That is why I am very concerned about this policy in their future. The poor also means that they have poor knowledge, so their exposure to modern technology and equipment limits their ability to use services. so I don't think it's a good idea or it can only exist in a few wealthy Indian cities. |
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Bitcoin is having a small run, we just touched at $8000 as per Binance record, its 24 hours high is $8000. https://www.binance.com/en/trade/BTC_USDTWhat do you guys think that will happen next? is this the bull run we are long waiting? We have actually broken out of the strong resistance zone and it is preparing for a big pump like Q2 of 2019. In addition, the fomo sentiment about the Halving event this time, so no There is no reason for us not to buy bitcoin from now on and hold it in the long term. I believe that this growth will be long but slow, not strong pumps. We should be patient because after halving prices really grow, all we need to do is be patient and hold bitcoin from now on. |
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actually the opposite of this flow has also crept into my mind. I think if everyone fomo about bitcoin in 2020 and everyone buys it and makes a profit, then who will lost? This financial market always has winners and losers, the majority lose more. then sharks would use this opportunity to sell bitcoin to fomo-only people. so I still keep myself safe and invest only 50% of my capital at the earliest time.
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Still, as the market has finally recovered (I believe), it’s now time to see where things could be heading up to the end of the year.
$ 15k, $ 20k, $ 50k is the price of bitcoin that many speculators are expecting. because this Halving event really affects many, even billionaires like Elon Musk. Besides, the political problems between the US and Iran are increasing the demand for bitcoin. so we can expect a strong season of bitcoin and top alts in 2020. so now that our strategy is clear, we need to buy as much bitcoins and alts as possible, We will take back all the losses that 2018 we have lost. |
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Latest weekly update is now live here: https://www.cryptoadvocate.net/post/bitcoin-weekly-update-01-12-2020Worth a read, but main takeaway is that spot and margin exchanges are telling different stories which paints a conflicting picture. Until $8,500 is gained on a closing basis, can't rule Bitcoin as out of the woods but as long as $7,700 holds on a closing basis I'm favoring longs into the halving. The bear market actually ended when bitcoin broke out of the strong resistance zone of $ 7k7. Now we begin with a strong fomo effect as the halving event gets closer and closer. It seems the sharks are gathering a lot of bitcoins to push its price even higher in this great 2020. And it's not just the sharks doing that, you can see the excitement of the crowd and we can expect bitcoin to rise back to $ 15k soon in Q2 of 2020. |
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as we entered 2020 and the first week is coming to an end, price has picked up and started heading towards $10k as it was expected before.
like all the previous times i again expect another FOMO to start due to this rise that would bring the price up in a sudden and big move. the only question remaining is about when it is going to start.
we saw a small version today as price jumped up from $7300 to $8300 but that is the small FOMO. i think we can see price easily jump up above $10k when it starts.
It is entirely possible that tensions between the US and Iran will increase. I think now there are many people who have the psychology that wants to buy bitcoin to be able to escape the consequences of WW3. Therefore, when global political and financial instability is at risk, the value of bitcoin tends to go up. It can even go back to ATH or break out at $ 20k and rise to $ 40k. This Halving event will certainly be a huge boost, the crowd is thinking so and the excitement is quite similar to the dot-com bubble period of the internet. |
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I don't know if its the right call or not but i just feel like its better to sell my bags of altcoins for bitcoin, most of the altcoins i owned are not top altcoins, mostly new coins from bounties and I've seen coins worth of 2k turn 20$ while holding them, finally i decide to take out the losses and invest in bitcoin, if you are holding any altcoins that aren't good enough do not hesitate to sell for bitcoin to at least make some profits
The fact is so. You can see alts with low marketcap in Binance as an example. When bitcoin suddenly grew, many small speculators got out and bought bitcoin. This greatly reduces the value of small alts. so in uptrend we should buy and hold the top alts or bitcoins, the small alts are often mistreated. This is my own experience, we should only buy and speculate on small alts for a short time when the market is sideways. That's how we optimize profits and reduce the most risk of losses. |
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today I read the news that Iran has warned about "more serious revenge" against the United States. such statements are not some kind of joke and what exactly they can do?  I believe that 2020 began very poorly if you look at it from a political point of view. If the disagreements between the US and Iran will continue, this could end badly. How will this news affect the market? can they start to sharply raise bitcoin at the price? if bitcoin will grow fast, then altcoins will be even worse  This is not really. While many people know that bitcoin is an asset worth holding when there is a lot of political upheaval, most people will use fiat money to buy Bitcoin. Then the market cap of the whole market will increase and certainly the alts will benefit. but it will certainly be affected by the decrease in time, so now is not a good time for you to hold alts. We should look at bitcoin more and try to earn it a lot. |
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I have been learning how to trade btc and altcoins by myself and having my experiences. I read online articles on trading signals and what to watch out for. I've made some profits and lost a good deal. Good thing I started with very little capital. Right now everything looks so negative especially as btc went so bearish. I need advice on how to improve my trading because I really want to do this You need to choose right time to jump into the market, if the price drops, you should hold it. You should also have your own strategy and follow it. we will say very easy but doing it is very difficult. These nonsense sentences appear a lot to those who do not want to help newbie. What he needs is the source of his psychology for successful trading. he is also losing his orientation due to the great fluctuations. You should give him a plan and your direction when trading, so that he can learn from you and gain more experience. I just want to contribute my opinion. |
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Noticed something interesting for the past week according to the Bitmex leadership board. For those of you who don't know Bitmex is the largest futures derivative exchange and has the most volume so most whales trade on their for good liquidity. For fun they have a leadership board located at, https://www.bitmex.com/app/leaderboardLooking at the board you can see anonymously who is in the top 25. There is also another website that analyzes this data which is located on Coinfarm, https://coinfarm.online/rank/And as far as you can see there are 25 spots there, about 9 are inactive traders, 1 trader had a small loss of -4.41 BTC (#7 rank) but the rest were all making amazing profits. Especially rank 2,3,9,16,25 which managed to earn at least > 100 BTC in the last 7 days alone. My advice, only buy BTC on spot exchanges and never on margin or with leverage. Because if we get a new ATH somewhere in the future you will be left with no BTC to reap the benefits. Yes, I thank you for warning me. but as far as I know it is at Bitmex which has a copy trading function for all types of accounts. and this is really a huge trap. I have seen Chinese and Russian accounts grow over 25k% in 1 trading month. After that, when I learned more about the information, many people said that those accounts were just bots and it enticed us to copy trading and then lose money. So don't trust the virtual number on the leaderboard, it's just a trap. |
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