I'm in a fix! I took a quick loan to invest in a certain business that went really nasty. Used my only car as collateral. I only have less than a month to repay. In a nutshell, I need $5000 in less than 30 days. Got only $200 remaining. I know this is quite challenging but...I'm desperate. Any ideas on how to grow my $200? Cheers!
Sorry to disappoint you but I don't think you will be able to multiply your profit 25 times in just a month. Crypto market needs time, generally it takes 2-4 months to earn profit from your investment. Unless he even gets lucky and he ended up investing in a coin or token that ended up shooting a lot high to the level of a 25x which I doubt is something to even expect with the way things are now and would be a very tough luck to even expect something like that to happen at all. The problem though is that for someone like him, he does not even have the trading knowledge to even know how to at least have some increase and he is busy looking for very huge and quick profit in a short time, one reason for failure in this crypto world. |
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well this is true at some point, if you are just a newbie you can not expect to make millions of dollars because it is not going to happen, that is the main mistake from most people
Any newbie that is even expecting to start making something huge immediately from trading is joking and that idea of wanting to get rich pretty fast is what has put a lot of them in jeopardizing their investment in the long run. Trading comes with a lot of attention to details, learning and trying to find ways to do it better but as it is, so many newbie traders do not always want to go through that path and feel gambling their way through they are all aware of that trading will be better for their efforts. We never need to quit trading and if we are not good at trading then taking some rest may be a good solution for finding ways to make money with trading. |
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I think this will happen eventually, bittrex has recently introduced this system which is a very good sign that crypto will be adopted. so this is very good news that is likely to happen. and yes a backbone for another big bull,
I do not trust binance this time, i have colleagues who actually invest cryptocurrency on binance and there is one issue occur which they lost a huge amount of their coins due to the system fails when the price of cryptocurrency has drastically changed. The value of a cryptocurrency drastically changing is not supposed to be on binance. This is a market, if the value drops and your friend ended up losing a lot of money based on some pump and dump, it is just the market your friend is holding, so rather than trying to shift the blame on binance, maybe you should ask your friend the shit coin he was holding. It is necessary for you to know that this is a decentralized market and you do not want to be holding a coin with no team or project. |
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Good day, just want to share my experience,
I am using 2fa as my security in my emails and exchange accounts, so one day I nearly lost my phone and that phone holds majority of my pins, 2fa, etc. so I thought I lost all, luckily I found the phone. So now I'm thinking of buying an extra phone for backup. What else do you recommend for backup?
For most of the 2FA applications at least for authy, it allows you to back up all your stuff with a password which I believe with your username and your phone number, this can be retrieved easily, so I have never imagined that to be a problem in the case of me losing my phone as long as I remember every single details of my email account. It is good though having an extra phone as a backup in cases where you end up losing one and that is reasonable as there is no harm in it. |
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Last year was one of my best trading years in Bitcoin and it was not because of the huge spike in the price towards the end of the year. The price was steadily going upwards in small increments and I could buy low and sell high, almost on a weekly basis. Then something happened and the price went crazy and reached a ATH of +/- $19000. I enjoyed the steady growth, because I could make small weekly profits. Now everything is upside down and with the same strategy I would be losing money on a weekly basis.  I was wondering what price movement would suit your investment strategy in Bitcoin the best? I understand the economy and that something that was inflated like that, would have to go through a correction phase, but when will things go back to normal, so that we can start making small profits again? I would really have preferred all the small weekly increases like we had it last year, but if wishes were horses, we know even beggars will ride. Like you said, with the huge spike which was a speculative movement, the correction was imminent and with the futures contract, I feel it is affecting a whole lot of things as this is becoming more of a manipulated and speculated investment and until we start seeing bitcoin being used in real life for what it was meant for, we will keep seeing this bull shit. |
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Because it is a guide to make your way for being a successful entrepreneur.Successful entrepreneur started in learning then after that is applying then success will come.Without proper knowledge how can you survive and understand the world of business.
Being a successful entrepreneur is not by all means that you must study economics at the university, it is just has a lot to do with your zeal to learn in the real world and make use of some of the available resources. Most of the wealthy men today never studied economics in the university and sure, some of them may eventually have gone to business schools, but that is more like after years of setting up the business, so as to be able to help and guide them to do things better. |
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Actually, ICOBench is a good site, they give an honest opinion about the projects, and the main rate is made by experts who are independent.
Honest opinion you say ? I am sure you have not really found out they are the most exploitative platform for ICO rating presently on earth and I really wonder why anyone will have to make use of them anyway. They charge huge amount just to get a project on the platform, you have to pay analysts to rate your project, you have to pay even before you can become an analyst and all these things put together, does not sound like a platform I want to bet on to give me verified information and so are other ones. |
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what a year, wish I dump all the coin in late DEC lol
and today, spend the 100% from that capital and bought it again, so u still holding the same amount as late DEC while steady with the 900% profits..
Sorry mate. That is life! Most times, we all wish we had made certain decisions in our life and be thankful for making such decisions now. You could have dumped and the market could have moved further, (not like it was not guaranteed to pop anyway since nothing was moving it), but the point I want to make here is that we learn from our mistakes and dumping would have done you no good, if you actually ended up gambling it. Best it to get yourself vast in trading knowledge and since stuffs like this always repeat themselves most times, try to learn how you can utilize that knowledge later on in the future. |
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Everyone of us has its own perspective on how we are going to construct a firm decision making in our daily activities. Our future depends on how we are going to pursue the way of choosing our path that we are going to take along the process of becoming a successful individual in the future. Holding and trading are the choices that everyone in the crypto often heard, and it's not a problem if we are going to hold and wait for a good profit, likewise it's not a question if we are going to trade. The point is, as long as we understand the concept of this stuff in the present generation then it will be our choice whether we trade or hold.
A great understanding of the market will always help anyone who is smart enough to get it. The market is highly volatile, but with some pretty good knowledge, making decision in the market is always going to come out well. Just like the OP said, know when to be in and out of the market entirely and know what to do at every point in time. Some are actually fund of rushing into things anyway, and I can as well assume the same way they would dash in is usually the same way they dash out. |
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I can stay with out gambling for a couple of days if ever I am busy but if I am not I will always make a way to gamble somewhere near to my house with my friends or neighbors , gambling was my pass time everytime I felt bored staying at the house.
Anyone that is even having a problem from staying away from gambling is actually having a problem with gambling addiction as that is the best explanation I can actually give to it. Gambling should be for fun and not some activity that should be routinely done every single day. Personally, I can stay away for as long as I want to stay away. There are just sometimes that I just miss the fun from the blood rush and the people around, and after quenching that thirst for it, I am a Yeah, this topic indirectly should be more like how addictive are you ? The thing with how long one can stay without gambling is more like the measure of addiction. The more you can stay away from gambling for a very long time, the less addicted you are and vice versa. So far, I have seen so far that a lot of people here are really finding it hard to stay away for a very long time, and I hope they are simply using this medium to assess themselves. |
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I think online gambling is just waste of time. I prefer traditional gambling because if you want to enjoy then go to a casino and have fun with your friends. If I gamble online I will never use bitcoin for gambling because bitcoin is a business and I will never put my business in gambling bet. Always pay from your credit card and not from your bitcoin wallet.
Not everyone has the privilege to find one near/ beside their house. Besides, profiting from a click away is always a temptation to many! Profiting from a click away and that is what has made some people rely so much on getting the profit that they forget totally that the possibility of losses. You are right though, since it makes accessibility something easy and that has truly made online gambling to become a thing that has made so many people who has never even gambled in the traditional casino to have a feel get to find a spot to gamble in the cryptocurrency online space. With respect to currencies for online, I am a fan of doge and litecoin, anytime I feel like gambling at all. |
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Gambling used to be one of my favorite things that I did the most at times when bitcoin was less than $1000 and directbet was online. It was the only site I trusted the most because I never needed a registration there in order to bet on my favorite sport and can gamble any time at my convenience.
Gambling is the part of crypto market as well and many gamblers like to use crypto coins and win on any game or may lose. You can get instant profit while gambling and this is the main reason gambling is now entered into the crypto market. One can get huge profit in crypto gambling while one can not get more profit other than crypto gambling because we know that crypto coins are valuable and that of marbles are less valuable than crypto coins and especially the Bitcoin. Staying away from tax, staying anonymous, gambling and doing your thing solo without anyone being on your neck or knowing the activities you do every single day are some of the main reasons why crypto gambling has boomed seriously over the years and it keeps growing. It is kind of like termed the best market for gambling now since it is an unregulated market and that makes it so easy for anyone globally to do their thing without a third party involved as it is just them and the platform. |
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This might work but at the end you might end up losing more than you would have if you had cut your losses and put the fund elsewhere. What if the price never recovers or takes a long time to and by that time you've exhausted all your patience?
As long as you were not holding a shit coin, there is no way at some point the market would not recover anyway, the only thing you will need however is patience most especially if it is a huge loss already but if it is still a little percentage which you can still cut loss in the case where a downtrend is imminent for the market then the best thing is to go ahead and do so, and wait for the dip to get in and then get the best from the profit in the long run. There will be no such potential losses for a long term holder which is the exact thing I am right now doing. Yes, I am still in profit when compared to my buying price levels. I bought/earned my bitcoins when it was below $500 and now also I am into ten fold profits. Being a long term holder has lots of basic advantages. |
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I read that they are investigating criminal price manipulations over Bitcoin. Manipulation of prices is really possible ? This happened before ?
To be completely transparent, the answer should be a resounding, Yes. If you do enough research, you will see that bitcoin is an emerging technology that has greatly benefitted those early investors. Some of whom have thousands and thousands of bitcoin. Now let your imagine run free for awhile and imagine you had 10,000 bitcoin. That would make a huge impact on exchange trading buy and sell orders right? Now imagine yourself as a savvy economist day trader statistician, don't you think you would have some ideas on how to make calculated trades that would leverage your portfolio size to earn profits? Resounding, yes indeed lol! It is obvious and a lot of traders already know that. It is not new, happy that it is being investigated, and I hope something can be done about it. It is a volatile and decentralized market and with that those who have the upper hand in the market usually do not let things roll normally where we get to see real demand and supply and market moving in the direction but rather would instigate some direction, fuel in FOMO, and before you know it, dump! |
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I see many people asking for opinions about ICO investments, if they are good, profitable or not and I see many people replying it can be good or not, you must have knowledge to choose a legit ICO, to find out who are the developers...
But I would like to hear successful stories about people who invested in ICOs and made profit. Please, tell what ICOs you invested and how much profit you made, if you liked it and if you still look for this kind of investment.
I have already participating many bounty campaign but until now I haven't found a perfect bounty campaign. Almost all of may token are just stock in my wallet waiting to get list or to enter in any exchanger so that I can trade my token and convert it into bitcoin. Probably you have just seen yourself more as a bounty hunter than an investor and you should really see yourself more as the latter if you really want to be making what you are investing in worthwhile. Simply put, what a lot of bounty hunters do is to just participate in anything with the knowledge that they have nothing to lose, but the thing is that time and resources are being used here and you would really want to be using those for things that are worth it than projects that are not worth it. |
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payment received. Thank you all Fanchain team members and manager ! -snip-
I liked your attitude ! Keep it up ! |
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all must analyze what coins are held. whether it has the potential to rise in the long term or not.
if misaligned and left behind the information then hold the coins will be useless.
Of course, what is even the point of being an investor and not monitoring the situation of the coin or token you are holding ? The market will not always be in a position for a long time and there would always be time for correction, so in that case, it makes lot more sense, to use those periods of peaks to sell, buy back at dips and you stand to gain a better position in the long run. Holding though is safer without trading knowledge, but to me not the smartest thing to do as an investor. The difficult part is choosing the right coins/tokens to hold for short or long holding. It needs an extensive study of the coins/tokens and the market.
That is where all the tricks and knowledge matter a lot. All coins are not good for holding. Hence filtering out the improper things will do all the needed jobs. People learn these tricks slowly. I guess in near future scams may get eliminated when most people ignore them. |
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I hold bitcoin and I was thinking if it was going up I would spend some, just a little bit, as a way to cash in my profits. But with the current market I just hold, I don’t want to spend my coins at such a cheap price because it will feel like a loss to me.
Do you feel the same way? What are your thoughts?
Buying alts now is really a good strategy that we can do to make us profitable than buying bitcoin because investing in bitcoin today is very risky and people already lost their money due to continuous falling of the crypto market. A pretty good strategy for those who are smart enough to always take the opportunity. So many people rather than using the opportunity to stash up now are busy complaining on how the market is so down and then when the market starts rising hugely, they simply join FOMO instead and then start complaining all over again when the market starts dropping. Who would be doing the same thing and expecting different result and instead of them considering the opposite, they just get stuck with what they foolishly know how to do best. All those people who are believing into the brighter future of bitcoins, will not spend any bitcoins right now even bitcoin is trading below half of its all time peak price levels. |
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Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
You will never have the answer because you are asking the wrong question. Its not whether BTC will become the world's "main currency", but whether the technology can help us to invent a better form of currency. The answer to that would be a "yes", if you ask me. Practically what everyone believes ? Bitcoin is going to be in play for a long time or as long as the community and support for it still exists, but it is blockchain technology that would actually be changing a lot of things. We are beginning to see that becoming a reality with some countries coming up with their own digital currency using the blockchain which is believed to help the country in the aspect of transparency and accountability and this is what I see happening, not bitcoin taking over fiat entirely. |
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Getting emotional for your money is normal but minding it for so long isn't. Getting rid of your emotions while trading might broke you. The right way to manage it is to control it example trading dedicate yourself into giving you heart and mind to pick the best suited for you being emotional on your loss won't give you knowledge instead learn from your mistakes and strong dedicate yourself from learning and soon controling your emotions will be natural.
Getting emotional is not normal as long as you know what you are doing. With full confidence that you are making the right decision, buying, selling or stopping loss, you will not place emotion by the side anytime you are trading at all. This is one important thing to always take note of as trading is not a child's play and you will need a lot of skill and knowledge to pull you through and without that, emotion is bound to always take a hold of you anytime any day with silly mistakes you would not have done normally if you had taken the time to learn. |
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