What am I saying? Price Action trading can make you money, trading fundamentals too can make you money. You can increase your odds by adding both into your toolset.
You have to learn a lot to use that in day to day trading... 90% of newbies will lose a lot of money if they try to trade without any experience. Can't expect of newbies to learn before they get scammed or lose money on trading. Bitcoin is hyping them up to do things like rushing up themselves in Trading, their mindset goes like, it is okay to trade as long as you have the capital, the bigger the capital, the bigger your profits will be, and so on so forth, something like that, I've read so many opinions of people in here that is so "amateur" I guess or trying to give professional advice even if they are not professional traders. On the positive side, my opinion about what you've said is that, newbie can't gain any experience if they will not risk their money (must be an small amount as a free trial) on Trading, and being scammed or losing their capital is a good lesson to learn from their experience to be a better trader. |
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I'm confident I've made the right decision to hold my bitcoin for long term and I consider this smart holding.
My regret maybe was holding a lot of altcoins that I thought would make a difference in the future as during the time I buy them, they look really promising but because the market in general especially for the altcoins is full of scams, that's why I have become a bag holders for some worthless coins now.
I also hodl a lot of altcoins, but they're not shit coins, I hodl them until now because they have the potential, the only mistake you've made is that you didn't do some investigations if they are good to hodl in the long run, and that is not a smart hodling. Bitcoin is the most promising coin we have in the market that no doubt will always gives us profits if we buy it in the right timing, like right now, before it rocket up again. |
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Luck will always be on the side of those who work or make a living from gambling income, because they will try to master the game and will continue to play to earn income for their needs, and this happens to my close friends and even he has more income than me who has permanent work.
and as long as he enjoys and always earns income from gambling he will continue to play, and only God will change it because it has become his way and plan and there will be a good time to change it at the right time.
Are you serious about this? Luck is invisible, you can't predict whether this person will get lucky or not because it's very random. Even you're full of hard work and put so much effort into your passion, if there's no luck then you will still strive more to get another luck. Winning and being successful in gambling is pure luck, no one can get a winning streak in the whole year unless the person is cheating or controlling the house. You didn't consider the other factors your friend has so he/she keeps winning. It's not about luck, it's your idea and strategy also but luck has the huge factor of winning. Luck is a natural phenomenon that could happen to all of us and yes, it is indeed random. It is not luck anymore if you master gambling or became a professional gambler, it is what we called "skill" that could bring us fortune in playing gambling, but winning and being successful is not pure luck, maybe sometimes, but it's not always, because every time we play and lose, we learn, and we use those every lessons we learned in gambling to win profits. |
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So you want to get your hands on some totally free bitcoin, eh? In contrast to individuals's knowledge, getting bitcoin is easy, there are a variety of methods to earn bitcoin online- some extra popular than the others here are several of the most famous ways to earn money with bitcoin  https://youtu.be/yyYTaZUoMUIIt is a good video, but it is less interesting because from the beginning to the end it contains the writing in describing the video. The absence of animation or sound that can be a joke for entertainment. Good editing without entertainment content in the video will be very difficult to reach the view The way you mentioned requires special expertise, so it's not feasible for beginners what else in the mining section because we need special tools and are not free. By clicking the bait "free" it is enough to provoke the audience. However not all of what mentioned in the video doesn't need any expertise at all but not that good also, mining is the only one I like above all that has mentioned in the video, it might be expensive but when you're going to look on the bright side, it is worth the money you're going to invest on it for a passive income, all you have to do is to sit and maintenance your mining rigs. The rest was mostly trash for me, especially that claiming free satoshis on the faucets. |
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Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.
But does anyone control it?
Ask yourself this—
How are Bitcoins created?
Who is incentivised to create Bitcoin?
Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.
Nobody owns the market (because it is decentralized) but the ones we are trading in do have one. Exchanges are being manage by companies who gives an opportunity for us to buy and sell our coins. There is only one man who created all of this wonderful creation, and that is no other than Satoshi Nakamoto, if there is one who could control Bitcoin or maybe even the market, he is the guy suited for it. |
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After 10 years, I see bitcoin completely different and incredibly expensive. Perhaps bitcoin will not be the most popular but still the world currency
What do you mean by "completely different"? Bitcoin will still be the same bitcoin 10 years from now and will be the same cryptocurrency. The only thing that I think will changed about the bitcoin is obviously the price, because I am sure that in future there will be more investor and user of the bitcoin as mode of payment or even exchange. You misunderstood and took everything literally, what he meant by "different" I guess is different status based on its price and based on the judgement of everyone in the whole world. Its price after 10 years would be bloody expensive (there's no doubt about that) and as the years are passing by, we are approaching to the moment where bitcoin will be a finite numbers of supply in the market. I'm curious if fiat will still exist by that time, since our technology is rapidly evolving, Bitcoin might be the main currency we are going to use and fiat would be gone for real. |
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Cryptocurrency is better than fiat currency! to pay online! Not dependent on any organization, just internet! But the value of Cryptocurrency is not stable! Need more development!
The value of cryptocurrency will never be stable, it's been already discussed here that cryptocurrency is a decentralized one meaning it's volatile and price changes should be expected every time, and it is not the cryptocurrency who needs development, it is the Government, please take some notes. |
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I have not been really into investing though I have some stocks with a premiere banking firm here in my country, which i just left in my broker's site idle for some years now. What made me excited into investing is cryptocurrency but unfortunately it was not bitcoin but a scamming project called TheBillionCoin which by name itself really sounded so dubious. Okay, I was still innocent and naive at the time. Soon, I meet bitcoin and it was not yet that pricey at the time but because I was not convinced that it can go sky-high I just bought some. The main source of the money I invested with bitcoin comes from doing online job with a platform where we are allowed to post in many forums in exchange for some points and the those points can be converted to real money anytime. What are the sources of the money you invested with bitcoin or cryptocurrency? Anybody here used credit cards? I was nearly became a victim of that project also (TheBillionCoin), luckily my friends told me that it was just a scam and prevented me from buying, I was hesitating that time because its a great investment if its legit since its price is bigger than bitcoin, its price is crazily suspicious which is a great bait to those people who are craving for easy money, they didn't know that whoever made that coin is the one who made an easy money from them. In the end, I made the right choice by putting my money by investing it to bitcoin, and I also started learning things here in this forum that time. |
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If bitcoin will end, why is there news about bitcoin in the future going to be much better and in the future bitcoin will be accepted in all countries and other good news?
in my opinion, this is a manipulation question that leaves bitcoin users confused, so I still believe bitcoin to continue to grow better and continue to live without end.
There are people who have a very weak mindset to think that bitcoin is "over" because of its huge price fluctuations whenever we are in the bearish market, and "normal" people automatically concluded a funny conclusion like this. What I'm going to say is based on my own observation and opinion, I think since bitcoin is going so far from its dull start that people think it don't have a future (but look bitcoin now), more bigger problems and huge walls will try to stop bitcoin on its journey. The good thing is, bitcoin is giving them a good fight and smacking them in the face that "you can't stop me" because that's what bitcoin was made for, to strive for more and reach its goals. |
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And crime rate will increase without tax . The tax is needed by the government not only for insfrastructure , but mostly to help people who cant afford to pay for health services ,piece tax use for as payment for soldier and police . Education for public teacher government will also pay for thier salary.
I don't think the crime rate will be increasing, the chaos might be Chaos is what makes crimes take over society Whenever there is failure of authority and ensuing lack of law enforcement people quickly turn into beasts (Mad Max scenario), so if the reduction of taxes leads to less effective law enforcement, criminals of all sorts will definitely take advantage of this opportunity to get away unscathed with their criminal activities. But overall, it is a complex issue as more law enforcement (read, more taxes) doesn't necessarily lead to more law and order. There should be a balance, middle ground or golden mean of sorts I agree, this tax less society that we're thinking is a society that is blind and has no purpose at all, it's too much freedom, in my opinion. Tax less society is like we're saying that Government should be annihilated and we're just going to act individually without any law and restrictions, with this kind of society, therefore I am sure that this humanity and mother earth last hope is going to be a dream that's not going to become a reality anymore. Being greedy this much doesn't make sense at all, we worship money too much and it's the reason why everyone of us will be dead in the future, the greediness, selfishness, and not having a unity. |
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this is the negative side cryptocurrency is often used for crime. we cannot avoid it. and if left unchecked will affect the market. the security system should be improved more. and maybe we do need regulations so that people who commit these crimes can be punished. so that if there are regulations it is possible that crime like this can be minimized.
For some additional important information that you should know, fiat is the most used currency in everything, you name it, and that includes crimes and other illegal activities even it's already being regulated by the Government. You see, the blame shouldn't be in cryptocurrency or fiat, it is us who made the choice, on where we are going to use our possessions. Cryptocurrencies being use in illegal things will not affect the market, and the system that you were saying has nothing to do with it, blockchain is completely perfect that is why criminals preferred to use it than fiat. |
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You sir clearly don't understand what Bitcoin is. You are correct about the dollar but bitcoin doesn't need to be backed by anything, it just needs to be adopted. And a currency that is decentalized, borderless, and a peer to peer payment system well you can be sure that will get adopted quick.
It could be that OP think that bitcoin's price was being manipulated by dollars, that is why he came up that he doesn't like bitcoin. OP was just confused about bitcoin and its functions as a digital currency, we can't put the blame on them because the Government never stops creating false statement about bitcoin, and the recent bitcoin ETF was rejected again. We are all having a hard time predicting what is going to happen to us if this bearish market continue, it is worth holding bitcoin or not anymore. |
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A guy bought a very big house, which triggered an argument on a telegram group.
some people were arguing on a telegram group that they guy couldn't have bought the house with only trading profit....some insinuated that he must be into other businesses.
I laughed at their ignorance.
Why? Because I know that even in this present market condition that some skilled traders are making a killing.
I'm not talking about traders who trade with small capital here.
The conclusion is that when you trade with massive capital ,you earn massively.
I have house and lot also when i got profit here in trading. When i trade i got profit everyday and after a year i bought a lot and we build a house. So i am so happy because we have a income here and trading its not really hard to accumulate money if you save the profit you get here. Still, that doesn't mean that it will always go right because you have the big capital, also you can't accumulate the money you were saying if you don't have any profits to save because you don't know how to make profits at all. Our perception on Trading doesn't work on everyone. Often times, there are people who sees it as a light, a hope that if they do it too, they might be have the same faith like those people who are successful in Trading. It is good to encourage people with positivity but we don't have to sugarcoat it always for them to know the truth. |
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I highly doubt that you'd be able to start trading with such a low amount of money.
The only way that I can foresee you getting somewhat of a decent return back in terms of dollar amount would be derivatives trading, and you'd be doing that on leverage. You could experiment with it, but it would essentially be almost like gambling for a beginner.
But with such low capital, OTC trading or LBC trading will be extremely difficult. I suggest that if you want to go down that route, save a bit more money irl first and then come back.
I completely disagree. He doesn't have to make thousands of dollars in profit just starting out to see if he's any good at it. That's gambling in itself. Let the man start out with a low amount of money, see how he does, and if he does good, keep building up that bankroll as he can or as he makes money from trades. If he doesn't end up doing well, then at least he didn't lose a whole lot. You two do have a point, however I am going to be neutral about this, having a small amount when starting trading is a very cautious way on not losing all the stakes OP have, however, that small amount of money would easily be dissolved in Trading saying that he is just a newbie, and losing a couple of hundred dollars will not determine if he is really good about it or what, so he will try to deposit again if he really is serious about trading (meaning he is going to spend bigger to last longer). On the other side, trading is not about how big or small of the capital you are going to use in Trading, it is about how much money you are willing to make to realize if Trading is the real deal for you. |
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A very difficult topic to discuss. In trading, as in the game, you need to keep a cold head and keep your nerves in discipline. Not everyone succeeds, and therefore there are very few truly successful traders.
Trading is a very serious job that requires a lot of knowledge and skills in order to pass every obstacles on it, a mere cash will not be enough to withstand all the hardship that you would experience while you are chasing your dreams in Trading, too much emotion will not be good while lack of emotions is much worst. Managing every aspects that could affect the way you trade is important, either it would benefit you or it will not benefit you at all. You could manage your emotions if you know your limits, train yourself to follow that limits that you would set everyday, and you'll find yourself making profits all of the time. |
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I will pick long term trading as against day trading, you have to stick to your monitor for almost 24 hours a day if you day trading, the tension is there, controlling emotion is another problem as regarding day trading, but long term trade, you don't need to stay up with your monitor 24 hours restraining your self from resting and keep monitoring chart, day trading Return Of investments is also not as much as long term trading, you are likely to miss the pump party if you day trade always
Day Trading might be stressful but the you could have a gigantic profits here compare if you are going to long trade. Long trade form me is like holding, doesn't have any analysis at all so it is easy but your profits is not that big, it is only could for amateur Traders and staying on the safe zone. There are disadvantages and advantages for both of them, the most life consuming is Day Trading, too much radiation, can't get enough sleep, insomnia, low blood pressure and so on. I would choose long trading also, because what would I do with a lot of bitcoins if I'm going to become a sick person, and there is a saying that "health is wealth", I'm sticking to it. |
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we can use a smart holding strategy, that is, by holding, but by trading a part of the BTC we have, if we only wait for silence until the price of bitcoin rises. I think it will be too risky and boring. so the best step is to wait and do a little bit of trading
It is boring, and very frustrating at the same time, the majority of the bitcoin population are doing smart holding when they run out of options to secure their profits that they could have in the long run because if they don't they will lose it by feeding the whales in the bearish market. A little bit of trading that you were saying is a risky move especially if you are doing it to cure your frustration, you will not get any good result. |
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If we are just starting up, it’s sensible only that we go for learning in proper way, it’s something that should be given proper time and we should not attempt to hurry anything. If we move it all right way, it will certainly help us with putting it on right zone. A lot of value has to be given to Crypto Knowledge, as this is what leads to you getting the right results for being able to succeed. It’s not an optional but necessary thing for any and everyone out there. The most common reason why we try things even though we are not familiar with it is to learn, we all know that earning money in Trading is not that easy especially if we are just beginners, but that is exactly the point, a decent money always comes from on a hard working people who are scared to try new things but still take it head on. We need to be crazy enough if we wanted to be a successful person. We cannot avoid losing since that is how it works, we lost then we get it back by gaining knowledge for it. |
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It seems that you are experienced enough to make this huge amount in a month by trading. It is not the case for me, nor for most traders around the world in my opinion. That is why I prefer to treat trading cryptocurrencies as an additional source of income, while keeping my regular job. In addition, the market is down and the volatility is high, so the trading income isn't really stable to fulfill my daily bills.
That's a good point. When you are not sure or have any ANY factor that makes you hesitate, you are free to earn (even a lot) at part-time. Wish you good luck I would say the same, though I'm not really fully commited on my job, I hate to be an employee that is why I am a freelancer and I will remain a freelancer, but I'm earning more here so I'm only doing a part-time extra job whenever I have freetime. Having two source of income is very reassuring, I'm not that professional too when it comes to trading but I trust my skills in the part-time job I am making. But I know we could be all professional Traders if we are going to spend time on studying it and will remain persevering on earning in cryptocurrency. |
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so panic selling is the vital reason for a market crash according to my experience, Of the two of your queries, I think panic selling is the worst and postpone from trading is not hamper in the market. I think this way is best when you don't understand your market's situation.
Indeed. Panic sellers are just feeding the whales causing the bearish market to be longer than what we are expecting, it is a 50:50 position where we are stock thinking if we are going to give up hodling or not because first, we need fiat to sustain our daily needs, to pay bills and other adult responsibility, second we are thinking negative things like it is now or never kind of thing. You are doing wrong if you only invest just to sustain the daily needs, investing is a long term and that is not weekly earning a profit. Holding is a wise decision of investors, when you are in panic selling, the whales laugh more if you follow your emotion and listen to the whale's news. Well, I think the worst one is panic selling because if you do panic selling you'll be able to lose big amount of money rather than postpone from trading. Panic selling if the price drop down is really not a good idea so in order for you not to lose money you must think first before you act. Oh, really? then please enlighten me where we are going to use the money we put in investments, we are talking about Trading here not just investing and holding for the long run. Trading is not just for long term to gain profits because there is approach in trading called Day Trading, I hope you know that. Also, if we are not going to use the money that we are earning in Trading as our investment, then I don't know anymore where we are going to get some free foods, shelter, free electricity and the rest. |
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