I wanna try trading but I don't know what coin to buy so that I could start with my trading. Can anybody help me and give me information on which tokens to invest in. Thank you.
Every one in here will tell you the name of coin from their experience or the coin they invested in, pick the right coin according to your budget is very difficult. Keep in mind the amount of money you want to invest and search for the currency by yourself by searching the market trends of different coins. Try to invest in short term coins, make some money and then go for long term coins. Indeed, the choice of coin varies form person to person because we all don’t share same financial statuses. You need to do deep research and analysis of the market before selecting you’re lucky coin. If you are not in need of money on urgent basis, go for bitcoin because they are perfect choice for making money in long term. For short term, try altcoins and then use them in buying bitcoin. |
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There is no set rules or guidelines for percentage of coins in portfolio. For myself, I prefer to have at least 40 to 50% in BTC.
And coins percentage most likely change depending on the current market situation.
No there is no specific amount or percentage of holding coins. I believe that every trader has their own strategy or ways on which they think they will benefit more. The percentage or the amount will definitely depend on the owner. As a newbie trader, I often more than half of possible profit due to bad decision making. Sometimes, the price of the tokens will suddenly go down and it was also the time when I needed some money so what would happen is that I will be forced to trade at low prices because I need to. Those who are going to follow your advice are definitely going to be the new elite class of the crypto world. There is no doubt in this fact that bitcoin is the most successful digital currency up till now and the new rich people we are seeing because of digital currencies are all those who invested and kept bitcoin in their wallet for long time with patience. |
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What does being smart means? One can be smart and he can act very strategic, but if the luck is not with him and he's not luck, he can't do anything on crypto market. You should be luck first.
And then you should be able to investigate the market opportunities without getting bored.
Why should you be lucky first? Everything in life takes skill. If someone relies on luck even if they win then it will not be as beneficial as someone who earns with hard work. For me. Its better to be a strategic person because you can do some techniques when you earn here. Yes if you have knowledge in this kind of business you can earn bigger but if youre a strategic person maybe your earnings is bigger than that. For sure being strategic is much better than being smart. But many times there is smartness that you must have to show while sticking to your strategy that will give you more fruit cakes. Plus as you said, if your strategy comes along the good results, that will help you to make good experience and ultimately good profits at the end. |
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Obviously, users would tend to prefer cryptos more and the reasons would not be far from its exchanging value compared to paper money. Another reason is the decentralized nature which makes someone to use the coins from anywhere without being monitored or controlled. They are actually better.
I think people mostly prefer crypto only for their more profitable value than fiat. There are so many other businesses like gold and silver trading and all that but why people are converting into bitcoin is of only one reason is to make more money. Plus as you said, there is anonymous behaviour for which bitcoins are most likely to be used. |
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Btctalk name : rocketbits
Rank : Full Member
Current post count : 156
BTC Address : 1NmfkVyQ938jsQcyymmXzfc14NV7jkesti
Wear appropriate signature : Yes
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Have an experience in trade or have you done yet ? Try to learn more and more. Otherwise you will be losers. With small amount you will not make enough profit. You should invest huge to best result.
The purpose of starting to trade with a low amount of money is not to make a lot of money, the real purpose is to learn your way around the trading platform and to test your skills as a trader, if after a predetermined amount of trades you come up with a small profit then you can trade with a bigger amount and see how it goes, if you keep getting good results now you can trade with all your bankroll. It is possible to start trading with a little amount of money because if you are able to earn more and more in this way, the money would definitely get increased and you would feel quite successful in terms of career. But on the other hand, it could also become a risk for you and therefore, some sort of guidance must be taken if you are a beginner in this field. |
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all beginner in trading should be studied carefully before you invest. Things to do before trading, research in the internet in youtube try to search "trading tutorial for beginners" analyse and learn. and study each coin and this movement that you have to buy because there is a long term coin that you need to wait, maybe mount or a year. and always remember the rule of trading buy low and sell high and needed You should not to be impatient. and must be greater investment to bigger profits.
I think of trading as the most difficult thing amongst all other things in the world of business. There is a common misconception amongst the people that trading is quite easy job to do. The reality is you need to have a sound knowledge and good skillset along with sharp mind to step into trading. Learn, learn and learn well before getting into it. |
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I'm using bitcoin to trade altcoins. Bitcoin market has more trading volume hence; more liquidity.
A better approach it is with which you are going. Bitcoins have more sense and volume of investments than altcoins. There are so many altcoins and maximum of them are of no use right now and in future they will just disappear because of zero appealing. Trade your altcoins with bitcoins and have a fantastic future ahead of you. I must support your argument. But I think it all depends on your own mindset like what you have planned. In my opinion, if we make a comparison of Bitcoin and Altcoin then Bitcoin is far more profitable and valuable as compared to that of Altcoin. So you need to think smartly even if you are planning to hold Altcoins. |
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The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched. What I plan to do is buy and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment
. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.
So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.
Im not good in trading yet but I want to learn more to have more profit.Im just earning on my salaries on this job.I'll hold my salary if I dont need it.But if I need it I have to sell it but atleast I have bitcoin to sold anytime I need. Holding is the best way for having a good amount of earnings and profit at the end. I consider of holding of Bitcoin as the best option especially for the ones who don’t have enough time and knowledge to trade. Trading is another good option but for that you need to be very much skillful and it needs a lot of time. |
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Bitcoin is the identical as a drug, when a bitcoin person makes use of it properly, then bitcoin will continue to be good. Likewise when used in damaging, bitcoin will be bad. This kind of as cash laundering, payment of criminal offense services and a lot of other point
Wherever there is money there will always be evil following it. As we see bitcoin and its progress, surely there will be many people who are jealous of it and many corrupt people will try and shut it down illegally. Plus hackers these days are so advanced that they will try and hunt down bitcoin. We need to be careful about it. the current price of bitcoin and its promising increase in the near future actually lures both good and bad holders of bitcoin. There will always, and we cannot get away with it, people that will transact illegal transactions using bitcoin just like using fiat money. Nothing is good or bad but it is we who makes either positive or negative use of anything which is available to us. Same is the case if we talk about Bitcoin and other crypto currencies. There are likely chances for this thing to happen in the near future but I am very much sure that such a bad news will never be heard by anyone of us even in the future. |
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In my opinion as well it can never end worlds poverty..this can make someones life wealthy as times goes by..if he has knowledge about bitcoin..as we all know just a few only knows it..and not everyone knows about how to earn btc..especially in our country in which everybody think its a scam..those people who wont take risk to invest and learn will never end its curse of poverty.
It can end poverty if the person not able to change here life and find a job so that they have some money to pay some foods and evrything that they need in everyday life. And thats true its only few people knows about bitcoin but if they want to learn about we want to teach them if they want to learn. Yes, there is hardly any reason to deny this fact that so far only a small number of human beings lining on this earth know about Bitcoin. As far as ending of poverty is concerned, It will be very much difficult for Bitcoin to eliminate the poverty from this entire world even in the next three to four decades. Bitcoin cannot simply do this all alone. |
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That's the thing that many people do not know, when they get a little profit then they immediately sell and buy again and so on, but with an easier way we can get a profit that we keep for a long time (at least 3 years).
I myself believes in holding of Bitcoin for a long time, this will no doubt be more profitable than any other thing. But I think this all depends on the person himself, like what he has in his mind. For me, holding of Bitcoins is the best way of earning a good amount of money at the end with little amount of hard work. |
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I am actually dreaming for the day to come when all the world accepts bitcoin as a currency and I am paid in bitcoins for my regular job, it would be nice to travel all over the world with bitcoin currency and you don't have to worry about changing the currency.
One day the whole world will accept bitcoins as we can see that many countries have already accepted bitcoins. When world great countries like China, America, and Russia have started accepting bitcoins, it will definitely influence the other countries. However, the bitcoin community has members from all parts of the world and the users are gradually increasing. |
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Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
yes I agree with this statement, everyone who trades there will be time to lose, and the man learns from mistakes that have been made, it is a very good motivation. If you manage to learn from your part mistakes, then you can surely become a successful man in your life. I think the committing a mistake is not a big deal but repeating the very same mistake in the future is something which is not appreciated. If you will not do this, you cannot achieve what you aimed for. |
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When bitcoin rises high, each person can buy himself whatever he wants. Buying real estate is the most necessary for many owners of coins who dream of getting rich.
Indeed! You can buy whatever you want with bitcoins provided the seller is aware of this latest type of currency. It would be easier to make a deal then but if he is not accepting bitcoins, no worries at all. There is option of converting bitcoins into fiat. I am myself hoping of buying an apartment with bitcoins. Yes! Bitcoins are just like other conventional currencies, they are just lacking physical existence nothing else. Paper money and bitcoins are almost serving the same purposes. Indeed it would be really easier to make deals in bitcoins if both parties are aware of the real potentials of bitcoins. There is nothing absurd in buying house with bitcoins. Bitcoins are and should be used for making deals because this is going to make bitcoins common and there will be increase in the use of bitcoins. Increased usage will lead to the acceptance of bitcoins by more and more people making the legalization of bitcoins feasible around the globe. |
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You prefer to buy more btc, but there is a possibility that the price is high or the price is rising, that is the nature of the bitcoin, on the other side you have to pay $ 1200 for a coin, so the dump is created with the same one. Whales can buy bitcoin for 800-1000 dollars and can now repeat the process from last week, pumping and then pouring. thank you !
I would like to thank you for sharing your precious opinion. The explanation you have given is pretty correct and what I have inferred from this is that whether bitcoins are in dumping phase or pumping, we should not give up on them especially dur9ng hard times of bitcoins, otherwise all profit will go to whales. |
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How to control greed on gambling OP asks. By not gambling? Lost 3 BTC once in bustabit even with what I thought it was a "infallible" strategy and never gambled again. If you want to gamble then It is better to gamble your money on the altcoin market.
If you decide to leave gambling for good then that is fine, but we do not have to be like that, one way to leave your greed behind could be to play some friendly gambling games with your family in which the most important thing is not to earn money but to relax and have a good time, with time you will get used to this and you will have the same attitude in a casino. It may work for some but not for others. If a person is looking after money only, then it really does not matter who his opponent is, the intentions will remain the same. It could be that he might enjoy the game more but he would still want to win and earn some profits. |
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Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Of course. All the person who are in trading or investing must learn how to accept loosing of money because in able to become a good investor and a trading person you nned that acceptance and you nned to overcome the attitude when loosing money because it not it may affect your income and your way of investing and trading with others. having experience on it is not enough of course handling on how to overcome the loosing all over with you will be affected all of us have that attitude but some of us know how to manipulate and handle ourselves more experience then you are being calm maybe on that way you can overcome fear of loosing. No need to fear at all.Now the bitcoin again raise to the high value. Now the price of bitcoin is around 3909 $.Now for the period of two days, bitcoin price is stable at the value of 3900$.So soon the price of bitcoin is again will raise to the value of 4300$+.Even we can expect to see high value. If you are dealing with bitcoins and your major portion of investments is in bitcoins then there is no point of being afraid of losing money rather you should be damn excited for making money that you just used to imagine in your dreams. Bitcoins can and will never ever disappoint you rather will definitely make you proud of yourself. |
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I can never be tired of btc. It has changed my life in 5 months
That’s nice if bitcoins have changed your life in a better way and you are not disappointed with them. Bitcoins are the best investments in the present decade and I think these investments are best for making our future damn secure. Bitcoins are soon going to rule the world and I think we should not avoid bitcoins anymore. It's really difficult to find money at this moment. But that's a normal procedure you work hard on bitcoin forum for a couple of month you can guarantee you can have a money. So i myth say that bitcoin can give you the best what you want to do as you deserve a nice post towards your campaign itself. In my opinion, I do not really care about the work if it is very hard and makes me very tired as long as i earn so much money from it and still i will continue doing it everyday. Now a days earning money is very hard because of the food prices rising up and earning bitcoins is a very big help to sustain my life needs. This is what we should do when we need really a large amount of money. It is never been easy to earn money, all those who are millionaires of billionaires now; they worked damn hard to be at their present places. Either you can be rich with hard work or second opinion is committing illegal acts and this is not for everyone. Not everyone can be a criminal. |
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Well as long as its just 'if', there will be an economic chaos in the world. Because each country should have a different value, status, culture and etc. So its impossible to happen. Except, maybe the whole country have their own cryptocurrency as a replacement of its currency. Its still have different value but have same type.
it will be hard to have a same coin,maybe in type it can possible but it will depend on many area,such as the economic growth, the status of the Country ans acceptance and a lot more. You have rightly said. There will be so many factors on which this thing will depend on. But if this thing happens, I think this will be the best thing for the good of all the citizens living in that country. It will help you in doing trade quite comfortably as well as you will be having no worries of keeping so many currencies at the same time. |
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