Most people just learn the basic of trading which is just executing trade, but this isn't enough to be a successful margin trader if not you keep loosing funds, you have to learn about chart patterns, know how to analyze trade, know how to read candles. With this knowledge of technical analysis you could actually know when to enter and leave the market, like it's said no one can actually know the direction of the market! I might be new but with my studies I can say technically analysis could help to predict the market to an extent. Trading futures without knowledge of technical analysis is just like gambling because you don't know the next movement your just trading based on luck
Exchanges keep give warning sign before we can access future trading page, sometimes that simple thing is ignored by people especially who only rely in signal group. For me maybe trading is not something that can be mastered in 1 day, step by step needed maybe people can try to do spot trading, although sometimes profit not big as future, i think analysis is almost same and in spot we can do some ways to minimze loss. |
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Is Ethereum and other altcoins taking over and replacing Bitcoin?
If so, how fast will this happen?
I don't think it can happen. Because bitcoin community itself is bigger and bitcoin already to be core of cryptocurrency. Not that easy to altcoins to replace bitcoin although it have more price than bitcoin. In past there are some coins which have higher price than bitcoin but never replace bitcoin. |
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To be assets i will pick on bitcoin. Since there are not much space needed to save bitcoin and not like gold, bitcoin is easier to sell especially there are a lot of exchanges and local exchanges so people can withdraw their money immediately after sell their assets. As long we set double security like 2fa, back ups for private key, or anything else. If me i back up in 3-4 flashdrives in case 1 of it broken.
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It’s the best financial advice, covid is the marketing keyword to remind you, if you don’t spend every last penny in the wallet, you can never have a chance to spend that again. Spend until you drop you plebs!
I prefer to save it and be ready to any condition because of this covid life of people actually really changed and if it happen to me, i ready for it or maybe that money can be useful for my family. Spending money recklessly not only is a bad idea and we in this condition i think must really serious to earning money so we can spend it when we really need it. |
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I am vote on BNB. I think we can give chance to BNB since i think BNB can be alternative and some project in tokens now use Binance Smart Chain which is better in fees than ETH. Only need time and more project, although maybe not change people's trust in Ethereum itself, but it can be used to help people since transaction is something that important too in cryptocurrency.
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Hello. I see different platform like nexo, blockifi, etc... that can borrow you crypto or stablecoin. I'm here to ask if you have a strategy for example you borrow btc with an interest rate of 6% and then you use it on defi with 8% APR. Thanks for helpful.  Why not sell assets in real life and then reinvest it in what OP mention.  Basic thing to make investment is not to use money that be used on daily needs, which if we lose in investment not really interupt our daily needs. Use loan money to make investment will make it worse because no guarantee we can always profit in our investment in whatever the business is. |
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Bounty wouldn't interrupt you from doing trading. I think it is preferable to do both. I heard some bounty campaigns is success too and their rewards is worth for their participants. Unfortunately i am not good in trading, so i keep doing bounty campaign and airdrop only. But if you can do both, i think both can be done and wouldn't interupt each other's activity.
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PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.
Are you any scam coins on this site? Anybody faced any scam coins there before?
A lot of tokens that get rug (i don't know what it called, but some people says rug/rugpul in my country). Need a right strategy to trade new coin in Pancakeswap, for me maybe if you get profit don't hold it longer. Although some coins is success and jump a lot of percent, but not a few which scam and make people lose. So for me, better to gain little profit than face big losses. |
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What is the worst piece of advice you've received since you first began dealing with crypto? Mine was to take pictures of my wallet seeds with my phone so I don’t lose them.
Not only advice but there was a guy who selling trick in gambling dice. I think that is my worst experience to believe there is a trick in gambling and i bought it. What the end is same, i lose in gambling and then not want to believe it again. Never get any problem about wallet, exchanges beside keep lose in trading and i avoid any kinds of HYIP/ Ponzi scheme. |
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Based on what I noticed this bull run, the majority of the coins that have a good pump this season are those that are listed in Binance, so I come to the conclusion that we should only invest in coins that are listed in this exchange for us to have a chance to maximize our profit.
What's your take on this, am I right or wrong?
Share your opinion.
Since Binance is big exchange and maybe they change Poloniex's popularity, i think the answer is you are right. Because in past, i think top market for coin listing is Poloniex and whatever coin that listed in Poloniex will be pumped very much. Actually i don't know what is behind it but maybe if coin listed in big exchanges, it means good for their investor and make price pumped, and now is Binance era. |
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Joined ICO, local project the developer is same country as me. But the project really hype and look very promising. But after ICO end, the dev showing off new phone and people start think that the guy bought it with money from ICO. And then usage of investment money that different from their whitepaper make the coin die instantly. A lot of people lose in their investment include me.
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2024 maybe because of bitcoin halving but not usually at that exact time when bitcoin halving. Usually have a delay like 1-6 months before bitcoin bullish. Only need a trigger like good news or maybe influence from someone who famous like when happen this time. Every bitcoin get halving, news that bitcoin circulation is cut by half will spread and people will think less supply means high price, start to buy it and make it pumped.
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Do they come from the Dogecoin supporters? I remember way back when BTC and Dogecoin supporters were friends, it's not happening anymore I guess. Now Dogecoin supporters hope to take over BTC  It's not gonna happen. Too bad this meme coin has been destroyed like that giving it nothing more than a pump and dump status. Thank you Elon!  If someone says bad about bitcoin, just ignore it. They only did that because to make people panic, and then sell their coins. Which absolutely make them to get more cheaper price of bitcoin and then will support it again to make people buy it and then they can take profit. Every fud i usually not follow and just keep hold my coins because there will be a lot of more support with it. |
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Currently i am investing in TKO, SFP and maybe wait for reward from OOE x Safepal Airdrop and hold it. My friend said that if the coin have fundamental, don't ever worried about price, see BNB, it can pumped far from before and i think i will believe that too in coins that i already bought.
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So I got some bonus from bybit.
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
Well, at least you re not use any capital because you use "free" money. And then you already know your mistake so when you use your own capital, you can avoid that mistake again. I'm sorry maybe it is easy to say if not face the actual problem yet. But i think it is better than keep regret. |
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When the altcoin price was experiencing a positive change I was confused ... whether to invest or trade directly ..
your advice is advice to me .. thank you
If people ask i think both can be good. Especially if can get profit from holding while trading with other percentage of assets. But if me personally i can't do trading because still panic if price change suddenly and keep cut loss my asset. Maybe holding is better for me now. Understanding the type of attitude you have, it's best to keep it that way. You'll avoid losing money if you can't control your emotions, whenever market moves and you see it's not favoring your investment the action that surely to take is rushing out to avoid losing more but suddenly the market will bounce and eat portions of your investment. Stay with holding, the best outcome once you maximized the profits is really huge. Already tried so many times, if coins that i bought get dumped i always look at market every minute and can't be patient for it is to moving. Sometimes i sell when i get my capital back i mean no profit but mostly i cut loss my assets and then when it bounced again, i regret. |
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I think people will do activity normally. I mean although we live with bitcoin, there are a lot of people who still don't know about it and live normally. I mean, i talk about what people do daily and not about technology. Because that is what i only see from people surround me that don't know about bitcoin yet. |
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When the altcoin price was experiencing a positive change I was confused ... whether to invest or trade directly ..
your advice is advice to me .. thank you
If people ask i think both can be good. Especially if can get profit from holding while trading with other percentage of assets. But if me personally i can't do trading because still panic if price change suddenly and keep cut loss my asset. Maybe holding is better for me now. |
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After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?
I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.
I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless
Hope you can get money back. Maybe start looking for a job that can allow to bring baby is worth to do than nothing. Since you not mention sell order what i assume is you do future trading which can make us get liquidity without do anything with our orders. For others too, future trading maybe look very easy to get profit but it is only look, behind people's profit there are a lot of works and maybe even they really do hard to get profit so it can't be same for each other people. |
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I just afraid about Government, i think if they want they can shutdown bitcoin anytime with ban it in all countries and people only can use it by P2P and no more exchanges that can be opened because no permission from Government. Although people still can use it and can use it P2P but it will really affect on bitcoin community itself.
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