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4421  Alternate cryptocurrencies / Altcoin Discussion / Re: TRON 4.0 vs ETH 2.0 on: August 15, 2020, 03:53:21 PM
Tron and Ether both are some good coins to invest in but I don't think Tron will surpass ether any time soon.
Trong surpassing ether would mean Tron would come in second position but that will take a long long time or may be never.
Ether has a greater potential and support than Tron according to me and I can only see more people joining in the Ethereum rally for the upcoming upgrade. Things are in favor for Ether more than Tron in my perspective.
4422  Alternate cryptocurrencies / Altcoin Discussion / Re: Reasons Why am I adding as many Ethereum bags as possible? on: August 15, 2020, 02:47:36 PM
Ethereum is surely a good investment but your post is just showing it as another FUD.
Your friend tells you to invest in Ether and just invest millions of money into it just like that.
Don't you think it's a little to overwhelming ? Well I would have invested in Ethereum too but I would do a little research before investing a huge amount like that. Besides that, I would also consider diversifying my investment since investing into a single asset is quite risky.
4423  Economy / Trading Discussion / Re: Trading without setting stop loss (Risky or Not)? on: August 14, 2020, 05:02:51 PM
Well everybody has their way and their own strategies and if that is working well for you then you should keep doing that.
I just do swing trading without stop loss. I just place limit orders and I tend to make some decent profits.
I does take time sometimes but profit is what matters eventually.
They say in programming that if the code is working then don't touch it.
Similarly, if your strategy is making you good profits then don't change it  Grin
4424  Economy / Trading Discussion / Re: I have Good advice for investors on: August 14, 2020, 04:57:00 PM
Yes we do tend to make many mistakes during the beginning of our trading days but that's what makes us learn more.
We do make mistakes but we also get an experience from it.
Learning technicals is really a good thing and all of us should learn technicals to have a technical aspect over the coin but technicals don't matter that much in crypto trading according to me. Cyrpto trading works well with psychological aspects and some technicals like support and resistance.
Relying completely on technicals would be a bad idea in my point of view.
4425  Economy / Trading Discussion / Re: which is a good option?? Trade or Hodl on: August 14, 2020, 04:42:30 PM
I think it depends on the coin actually whether to hold it or trade it. Obviously all cryptocurrencies are speculative but there are certain coins which I believe return good profits if traded. Coins like XRP , Cardano , EOS and BNB can be traded to make a bigger profit while I think coins like bitcoin and ether are meant to be hold to make a huge profit. The price swings in such coins are higher which makes the return more profitable.
4426  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What are the best coin in 2020? on: August 14, 2020, 04:24:00 PM
That depends on what kind of investment you are going to make. If it's a long term investment then bitcoin is the obvious coin you should invest in.
If you want to try something new and want to invest in potential coins then Ether and Cardano are some good coins to explore.
If you want to invest for short term then also you can go for ether and try EOS and BNB.
The thing is that you will have to decide what is your priority and invest accordingly.
4427  Economy / Trading Discussion / Re: The importance of support resistance on: August 14, 2020, 04:09:23 PM
Obviously Support and Resistance are important and I consider it to be among the most important factors for crypto speculation.
I have been doing trading for quite a few years and I have experienced many times that the Support and Resistance play a major role in deriving the next crypto trend. I have seen bull runs when bitcoin broke the resistance and also I have seen the bearish trend when bitcoin kept on breaking the support.
Even today I believe the next bull run will be when bitcoin breaks the resistance around $15k.
4428  Bitcoin / Bitcoin Discussion / Re: Should we promote acceptance of "zero-conf transactions"? on: August 13, 2020, 02:44:33 PM
Well I think the Lightning Network was built to solve that problem. The high bitcoin transaction fees is quite expected in future considering that the price will increase too much. The Lightning Network is the only possible solution to solve this problem as of now and I think it will.
Though I am not sure if the LN is stable right now, I think as people start using it regularly it will get more and more stable.
4429  Bitcoin / Bitcoin Discussion / Re: Indian banks freezing bank accounts AGAIN ! on: August 13, 2020, 02:38:39 PM
Indian Government have no such restrictions against cryptocurrencies but these Indian banks always have a grudge against bitcoin.
Even though the Government has not passed any law to freeze the bank accounts of crypto holders, the bank freeze their accounts.
Personally I have been trading crypto for years now but I have not encountered any such incident so far.
So I think the banks only freezes the accounts of suspicious users and not all crypto holders.
4430  Bitcoin / Bitcoin Discussion / Re: Russia legalizing Bitcoin and cryptos but not allowed as payment method? on: August 13, 2020, 02:30:34 PM
So Russia is accepting bitcoin but not as payment method but as a trading asset.
On top of that we don't know how Russia will tax the crypto earnings from trading.
Bitcoin is becoming more of a speculative asset than what it is meant for i.e a payment method.
If all the countries start treating bitcoin as an asset and don't accept it as a payment method then I am afraid Satoshi's vision will be vanished.
4431  Bitcoin / Bitcoin Discussion / Re: Will the need to increase BTC's max supply arise in the future? on: August 09, 2020, 02:43:12 PM
Well I don't think that the supply of bitcoin will ever be increased since Satoshis itself can be used for payments.
But yeah I do think that when all the bitcoins will be mined the transaction fees will increase a lot.
I think miners would not validate transactions with low fees and the network would get congested and hence we will have to pay the higher transaction fees. I think that the lightning network would be used for regular payments and only large transactions would be done with bitcoin directly.
4432  Bitcoin / Bitcoin Discussion / Re: 900,000 illegal bitcoins. on: August 09, 2020, 02:24:50 PM
And who says that these numbers are correct. It might happen that these numbers are wrong and may be the number is even higher.
We can't even say that the bitcoins we hold in our wallets have come from a good source.
May be somebody would have used it for illegal activities but bud that doesn't make a difference.
Even fiat money would have been used for criminal activities and then used by us but money is money.
So in the same way bitcoins are bitcoins and there's no such thing as illegal bitcoin.
4433  Bitcoin / Bitcoin Discussion / Re: Profitable days of holding bitcoin percentage (98.5%) on: August 09, 2020, 02:07:06 PM
The thing is that it is quite difficult to predict bitcoin's price accurately continuously. This is why many people in crypto market face losses.
There are some traders who do make good profits so I wouldn't say one is better than the other between holding and trading.
Both have their own pros n coins. I do swing trading sometimes but at the end it's holding that I would prefer.
The sudden pumps in bitcoin are what turns our portfolio upwards.
4434  Economy / Trading Discussion / Re: Stock/Forex Trader and Cryptocurrency Trader on: August 08, 2020, 08:19:45 AM
I do swing trading and I know that there are many traders who have lost money trading cryptocurrencies.
Crypto trading is highly volatile and unpredictable which makes it difficult for stock traders to adjust to it and hence they lose their money.
I started trading with cryptocurrencies and then moved towards stock which made it easy for me to understand both the markets.
I did lose money in the beginning of crypto trading but I have covered all my losses and I am exploring the stock market these days.
Both of them have their differences and similarities. I think crypto market is better than stock since it runs 24x7 and doesn't restrict anybody from trading.
4435  Economy / Trading Discussion / Re: Turnover verification on: August 08, 2020, 08:13:50 AM
I am sorry for your loss but your money is gone.
Such schemes are a definite scam that people need to understand. Please guys don't fall for such money making schemes.
If someone is asking you to make a deposit to receive a bigger amount then you can blindly conclude it as a scam.
Just walk away from such schemes or else you will lose all your money.
4436  Economy / Trading Discussion / Re: Basic things that you need to know before starting in trading on: August 08, 2020, 08:09:18 AM
Whatsup with the large font. You could made the post with normal font size and it would have received the same response as it is now.

Patience is the key to trading profitably. Many people tend to make the mistake of trading in a panic and as per my experience panic trading always results in a loss.  A good strategy has to be planned first and then executed accordingly by placing the targets right.
A successful trader can make profits in any market provided his strategies are right.
We often buy/sell at the wrong time and then blame ourselves or the market for the loss.
So it's quite obvious that if we don't follow our strategy then we are about to lose our money.
4437  Economy / Trading Discussion / Re: Stop-lose any recommend? on: August 08, 2020, 07:40:12 AM
Stop loss is a great tool to limit the losses in your trade. It helps us to minimize the losses to a great extent.
But we must know how to use it the right way or else we will be facing huge losses.
If you are facing continuous loss by using stop loss then you must be doing it wrongly.
I generally use a 1:2 risk to reward ratio and adjust my stop loss order accordingly.

4438  Economy / Trading Discussion / Re: trade & investment is getting harder and harder. on: August 08, 2020, 07:15:36 AM
It would be really difficult to answer your query since you have not mentioned how you are losing money trading.
Profit and loss are a part of trading and it is natural to lose sometimes. But if you are constantly losing then there is something that is not right with your trading strategy. You should change your strategy whenever it is not making you any money.
Tough the market condition was not so good earlier these days it is getting better.
If you focus on your strategy well then I am sure you will definitely make profits.
4439  Alternate cryptocurrencies / Altcoin Discussion / Re: Reason hunters dump reward as soon as received. Trust Exchange etc on: August 07, 2020, 04:16:05 PM
It has become a norm that the bounty tokens are bound to be dumped as soon as it's launched on an exchange.
This has become one of the major reasons why bounty hunters dump their tokens as soon as they receive it and the coin is listed on the exchange.
They want to exit by taking the maximum profit.
4440  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm dumping my coins because.. on: August 07, 2020, 04:02:34 PM
Even I had dumped my coins recently. I had bought some coins a few years ago and I had planned to hold it for long term but recently I sold it to buy more potential coins and hold them for a long term. The upcoming ETH 2.0 upgrade is quite fascinating for me and I wanted to take part in the PoS so I bought few ether from the dumped coins. I hope my decision would benefit me in the long run.
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