Looking at the market dominance, bitcoin covers almost 70.5% of the market trade as of time of writing. there is the need for altcoin recovery or it might spell doom for investors. i.e, people invest today on a new project and sell off tomorrow.
According to a wall street executive, Max keiser, he strongly believed that altcoins has reached there dead end and advised that everyone should focus on bitcoin. considering the fact that bitcoin is limited. there is the need for altcoins as the name implies, Alternative coins.
What is your say on this.
Not all altcoins had come to an end( as I believe), only those who have already abandoned and has low market volume will surely be gone sooner. However, isn't just the market who could decide what coin will still be rallying but it is us( user's, investors and traders). We give a huge influence on the market and that should have each developer will attract every investor for them to survive. |
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Yes! They will all eventually adopt Btc. Besides I find more importance in New Zealand's tax authority to approve crypto as compensation for salaries and wage-earnings, then Burger King.
We are nearly coming into the realization where crypto being use as a currency. Good thing it started with some food chain accept this and not a question nor to wonder that many establishments will follow by then. What we are looking now is the support from the government as well as from the community. With the increase number of users will help to fully developed cryptocurrency in a matter that is not just an investment but a currency as well. |
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i think most of new traders are doing trade like gambling , buying without knowing anything and just hoping for price raise then lose xD
I don't think that's a problem because everything we've gone through in the beginning has failed and when we have had experience, we don't realize that we've experienced the same thing. So, it does not become a big problem if they lose at the beginning because it will all become a lesson that will make themselves better about this. That's the way it should be but somehow many of them quit just because of the bad experience they have. They consider trading as a trial and error and mostly they think that trading will give them a big shot at first which is not. We'd like to see people become a successful trader but to ask them how many time they've lose...it probably countless of times. |
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I will never trust such moves, I do not see any sense in them. For me, this is the first signal that the project can be supervised by scammers who do not understand what they are doing,
and they put all their eggs in one basket and say "buy faster."
They do the both token sales in order to collect more funds but these ways are not going to add extra legitimacy to the project in my opinion. Understanding such moves is hard for me, the concrete token sale mode will be appreciated by the crypto community. It only lose the trust of investors for them. They are greedy to look at and not really it helps to attract investors. Knowing how important to protect their reputation and that's how they should never have to do that cause it only give some speculation of another way of scamming activities. There is no sense to have this project if they keep lying to us. |
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It seems to me that the most important thing is to have your own trading strategy that will bring money.
Yes, you might have your own but of course, we need to see also what successful traders do before they'll got its name. That is very important to gather ideas and could help to create our own. Keep learning is what we need for in order to succeed and not just relying of a single strategy. Things might change as well as the market demand, this need to take action by then and be vulnerable in all market condition. |
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in simple, my question is , does technical analysis work every time and can we predict every move using technical analysis or times when we should not predict price using technical analysis
Definitely not. Even though you have that TA's and even you that much with the market, isn't a guaranteed at 100% accurate and most specifically we don't know what will happen next. Doing Technical analysis is just also a sort of speculation, the only difference from common analysis is it have some basis, news, history, current and upcoming events. With that, not all of us can do good TA's unless...you are so good in analyzing the market situation. |
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Bitcoin gets popularity from its benefits, mostly because of its monetary value and you can earn from it as well, Investment is a very common representation of Bitcoin to common people, the increase of bitcoin value if such a good promotion. If it will increase in usage, it's possible that it came from an increase of transactions, investors, and traders.
It gets into the point that the demand will high and makes prices also be high. But it isn't just stop over there, placing into the main reason for its creation is to be used as currency and it is only realized when small and big establishments accept this as another form of currency. And from that, we can expect there is a huge growth in usage. |
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Greetings everyone. And do you guys use exchanges to change currencies these days? Or mostly trading tokens?
Some bounty tokens are listed in Binance and yet to consider this for tokens trading depending on what a trader wanted to convert it into BTC, ETH and etc...And because of its popularity and market volume, some of us are using this exchange for market trades, buying and selling cryptos. |
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ETH is somewhat to say that it becomes the underdog at this time and have to see that the price isn't really entertaining and looks attractive. I don't how it becomes a foolish thing to do if we convert BTC to ETH, it is a big risk into our side. Will never know what ETH can do in the next days, besides having BTC there is a guarantee that we can make gains as it surely bouncing back which we couldn't find it with Ethereum at this time.
No matter what will happen, I'll stick into BTC.
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With bitcoin, your money is just the numbers on the screen, it can change every minute. If you have decided to enter this market, you must accept it, accept the risks that the market brings, the risk it comes with your emotions. Before it is too late, exit this market, no one will predict what will happen. Here, in this market, we cannot be an idle person, it requires thinking and assertiveness, not for the faint of heart.
this is a small movement from a very long bitcoin price journey, the rise and fall of the price of bitcoin will always happen, you as a trader must be able to take advantage of that moment as well as possible to be able to get a lot of profit. It has to say that investment is just like chasing into the opportunity and take advantage of it. Well, I'm sick but not tired of waiting to see Bitcoin soaring back again. Even it takes another year or two, it won't lose my hopes and my fate towards crypto. The moment will come for sure and being a valuable coin in the market, it had something to put our trust. |
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We are already in the last month in the 3rd quarter of this year and yet to define that the market still low and there is no signal for the future pumps. But still in great that we aren't dumping it hard. Though we aren't achieve our expectations but somehow we could still be profitable and that price seems to be good to me.
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Why some traders become successful and the other fails? Just because they don't have the same strategies to follow nor that optimistic and positive outlook towards the market. They become successful because they survive and learn from mistakes that they committed previously, giving them a hint to find out what's missing. Continuous learning and a strong commitment to their job brings them to achieve their goals and be recognized as a successful trader.
This is what we should have to do.
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I had never expected 2017 bull run but after Q1 2018, i didn't this extremely awful shape of market. So I also believe that next bullrun also you couldn't imagine. Last this year some could pump of altcoins
I suggest not to chase bull run similarly that it happens last 2017. Not actually there is no Bull run again but thinking how it was amazing on that day and to look at what is the market condition by now, it simply means that seems to be impossible to have a big shot this year. Keeping of fate and patience will be our tools to survive and not even losing our mind to do the worst thing and be caught into FOMO. |
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Yes, we are in the decentralized form of the market but some of the coins around are being controlled by a group of people which will affect the price as well. Though we wanted to be fully in decentralized but they are part of crypto existence and yet they are performing well and help the market alive. Either we like it or not, we just have to accept it. In fact, many traders and investors are using this centralized coins, it is also profitable indeed.
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We don't need to be too much excitement about what we feel when we saw the market at red. It all just because of the volatility and the market aren't in our control and to think that all be in the upclimbing scenarios. There is going to be a drop below $10,000 and that if the 100 moving average on a daily chart that has moved above $10,000 is broken and we have a closing candlestick below it.
The road to $8000 has met with strong rejection around $9100 for three times now and let see what happens this time around.
We're getting back into $10,157 at this time and it has to say that dumps meant nothing but just an ordinary market trend. |
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Here goes nothing.. 1: obviously if bitcoin is rising or falling most likely your investment is doing the same.. 2:find a stable option to place your money in. 3:not only observe day/week/monthly gained and losses, check the hourly status as well
When you starts to observe the prices too often means the high chances of getting panic from that you may try to exit from the market if there is a sharp dump on the prices so try to keep the price checking habit as long as possible. Not actually, it only happens when you never control your emotions. I'll keep my coins in track all the times, we can only do that if we regularly check it. How it affects? It keeps us aware of the market flows, not necessarily we get to troubles because of the dumps that we might see, it is our chance to take actions before we're getting late and losing our funds. |
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We'd all are ready for that but ain't to think it happen this year. The market still taking its break, pumps are rare to see at this time. It is quite possible to see next year ( well hope so). New investors are so impatient and they'll probably be losing their faith if they never saw any market pumps.
The market still quite and having short pumps won't be enough to move the entire market, it is only a reason that people will feel doubts.
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Taking profit is not that easy as you are saying. Until you are not making 3x of your stops loss then you are not going to make money on a consistent basis. The best way to make a profit is to let the market decide where to exit, sometimes we miss bigger trades because of fear, so it's important to overcome your fears and observe the market from a natural perspective. Taking big profits when the market makes it available is important.
Cut your losses short, let your profits grow. (Simple is that)
How long that you've been in trading? I've never think that you are just new in here cause you know a lot at your position (Newbie). And you are right, we should take advantageous in every opportunity we've seen through. Conquer those fear and doubts to have a comfortable trading life. Will not be enough, we have to focus of what we are doing and keep learning while trading. We can surely gain more knowledge base in our experience. |
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It is a classic mistake by greedy people. They do not have time to care about the privacy of their keys, they want only money as soon as possible. Most of them are participating in fake airdrops: Give us your private key to verify the address and then we will send you the airdrop..  Ain't be appropriate to call them greedy, they actually careless for their account and lead into losing them. Not a stupid mistake cause even old Bounty hunters tend to lose their keys especially if they only save it into their laptops or PC. We cant memorize the keys in the first place and losing the keys will be losing it forever. |
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It is ok to complain to the developers of the coin if there is no development actions in their progress.
But we should conduct the due diligence and research more prior buying some coins.
So in the future, we won't complain to the others because the coin value is low.
We have the right to complain but never expect to have the response immediately from them cause that would not be their priority. We know the risk that we've been doing and unlucky that we been fooled by a project which never gives what they have promised. We know the anonymity in here, never knows who would actually be addressing our concern and to expect for the positive response from the team. |
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