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541  Economy / Trading Discussion / Re: What is good amount to start day trading is 100$ enough?? on: April 12, 2020, 01:39:05 PM
How many times one can loose all his trading accounts before really start trading and earn.
It may be even in 100s if you are not ready to find out what you exactly missing which lead to big losses. I mean you must take time to find out what are the reasons which pushes you to lose your trading account. It will be as simple as anything else because you just need knowledge on how to maximize your profits and how to minimize your risk levels. Just watching YouTube videos will be more helpful for you to become a successful crypto trader.

I have lost 5 times some small accounts (less than 100$)
And one little big account (400$) in trading.
Please do not open another trading account until you gain enough knowledge by trading with paper-and-pencil or in demo accounts.
Just keep investing without identifying the actual problem will lead you to be bankrupted. Do not let things go on its own; control it and move it as prescribed by professional traders.
542  Economy / Trading Discussion / Re: Trading, gambling and binary options. Which one you prefer? on: April 11, 2020, 09:33:17 PM
The three things you have mentioned here are all risky jobs for anyone to do, but if I’m to take one off this list I will be removing that gambling; I’m not a fan of gambling and I have never been a part, no offense to those that are into it, I don’t mean anything bad, I simply don’t like it, so I’m not interested. Options trading is something that I have been part of.

When I started it I never really understood what it was all about, I thought it was forex trading, because they were kind of similar to each other. It was after sometime that I got to understand it, but I have not been into it for sometime now. And as for cryptocurrency trading, I’m not regular in it, I mostly do HODL.
543  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the Corona drop over or will it continue? on: April 11, 2020, 08:31:59 PM
People saying that media is not helping at all, what exactly do you want the media to do? Stop broadcasting news and updating people on Covid-19? I don’t see anything wrong with the media doing what they do best, it’s up to you yourself, if you feel that the media is affecting your life negatively, then I will advise you to switch off and stay away from it for sometime.

You should find something else doing , than surfing the net and expecting to see good news lol. And as for Bitcoin, it’s already getting back to the top, though there was a slight decrease this morning , but it is back up and I believe before tomorrow it might be back on 7,000 USD.
544  Bitcoin / Bitcoin Discussion / Re: Bitcoin during pandemics on: April 10, 2020, 06:20:04 PM
There is no doubt that the current pandemic was among the things that led to the fall of Bitcoin.
There are also other things that happened this year and they are why the price has a heavy fall. I never need anyone to post this before I will be able to know that the main reason behind the fall is the Covid-19 pandemic.

But it’s okay, the price is already recovering and just like one editor said – this might have saved us from a post-halving dump. Let all just have patience and see the direction that everything will be heading to, though I’m positive that things will turn out for good from now on.
545  Bitcoin / Bitcoin Discussion / Re: Why people are comfortable investing in government controlled investments on: April 10, 2020, 09:07:38 AM
Talking about Bitcoin getting help after plummeting; how exactly were you expecting the government to give help to Bitcoin? That’s not even possible, Bitcoin is a decentralized currency and there is really no way you can do something in support of it, there is no organization that runs it that you can push money into as a support for Bitcoin.

But other centralized organizations can be supported because they are being controlled by just that one organization, which totally unlike what we have in Bitcoin, so there is a huge difference. And not being centralized is one of the fears of those that doesn’t want to invest in cryptocurrency, because they are afraid.
546  Economy / Economics / Re: returning to normal on: April 07, 2020, 08:57:26 PM
Returning to normal in crypto and returning to normal in life are two different things but also very connected things, we should realize that. Maybe the price recovered and we are getting back to normal, hell we are actually profiting right now from year to date price, if a person bought in 1st of January, and sold now, he would have profited, that is not really something we can actually have during a crisis usually but thanks to bitcoin we can.

However do not forget that there are millions of people staying at home and not going outside right now, which in the end means that there are people who are dealing with crypto a lot more often these days, that is why I still find it reasonable to think when people start to go outside and start to spend money again, bitcoin price may take a hit.
547  Economy / Trading Discussion / Re: Long term investment vs. Swing trading vs. Daily trading on: April 07, 2020, 07:53:22 PM
We have to be very much prepared for these things if we are to become successful in Forex. I feel more comfortable to use all techniques instead of just one. And that’s where my preference is with FreshForex broker and the mighty setup of their features. It’s just lovely for me to work through.
Forex trading is really cool and I know a lot of people that are still into. I have traded it in the past and later quit, but I still follow up with updates on forex trading, I don’t miss out on anything. Some of the forex trading sites are now allowing people to trade Bitcoin and USD on their site.

Forex trading is very different from the cryptocurrency trading we are doing here. It’s like a contract, and you kind of predict where the price is really heading to for you to make profit. It’s really cool that you were able to make profit using the bot, that’s one thing I have never tried, because I feel that bots are not much reliable.
548  Economy / Trading Discussion / Re: HOW LOW BTC CAN GO? on: April 07, 2020, 07:10:59 PM
That is why counter trend strategy or the bottom fishing strategy is so risky, when the time where the price of the bitcoin reached $3800-$3900, people are panicking and we do not know if it is the final bottom. Those who have guts are surely bought in that kind of opportunity. I did not also buy because of the strong selling pressure and that kind of strategy is not fit with my skills.
Well, people who are strong enough to take some risk are now smiling, it seems like bitcoin is going uptrend again and it will not dump anymore at that very low level, with the current price, this would already give good return of your investment, so it's sometimes  good to take high risk for higher reward.
But, I have to admit that even myself I was quite worried when the price was just going down like fun and I was so nervous I did not sleep a few nights when it was dropping because I mean I save all my money in bitcoins and watching it shrink was once if a lifetime experience and although I did not sold or bought any coins during the tough time I felt like I was almost forced into selling some to protect myself.

I wonder if it will ever again go as low at $3500 and I think if it does, I am surely gonna buy some of it to laugh like you said when the price rises again to the normal value. Some of the holders had sold when they actually feared that bitcoins might become a thing of history in coming days and I feel for them but they should have backed bitcoins and held their faith in tough times.
549  Alternate cryptocurrencies / Altcoin Discussion / Re: Traders need to learn on: April 07, 2020, 05:53:43 PM
talking is very easy, but doing is very difficult. when the person is making a trade and is having losses he clearly realizes that things are not simple and the person must make decisions that most of the time is a decision that will cost him many losses.
Only those traders who are rushing toward chasing profits might be starting their trading just after listening to other people or just after seeing other people's fake performances or anything similar to that. These types of trader are mostly skipping the part of learning strategies and techniques about trading; when they are in hurry to chase profits definitely they cannot focus on learning things.

People's advice most of the time is advice from people who did not trade or who did trade in the past and suffered losses, but as they want to sell courses and books they continue to give advice on trade
In my experience we cannot trade better just because of other's advises and suggestions. We need to learn by heart which might be possible only when we are experiencing things by our own. This is the reason people are always suggesting about start trading with very least capital so that they may lose little but may gain all the required experiences.
550  Alternate cryptocurrencies / Altcoin Discussion / Re: The Best Project 2020, suddenly stopped! on: April 07, 2020, 04:33:11 PM
recently I saw the best prize projects in 2020 (INSURE) and tokens (SURE) already registered on the CoinmarketCap website.
- https://coinmarketcap.com/currencies/insure/
- 1 SURE = $0.015725   Roll Eyes
but suddenly the project stopped for a reason??

How do you feel? especially for prize hunters who have participated in the Insure Project from the start?
why does a good project always end like this?
How do you call this is a good project? Just because of they were able to list on coinmarketcap? Other than that you did not mention any special reasons which enabled you to think about it might be having great future. Not just this project, I have seen 100s of projects ended up abruptly like this. So, no surprises for me.

Those scammy devs might have planned up to listing on coinmarketcap just to gain confident on investors. They will list on exchanges and then announce like some big investors are coming up for their project etc. All these are just the fancy stunts just to lure investors. Please do not call this project good anymore.
551  Alternate cryptocurrencies / Altcoin Discussion / Re: In what way can the crypto world help fight against Covid 19? on: April 07, 2020, 04:01:25 PM
The help anyone can do for the fight against covid19 must be staying within home and even on coming into street maintaining the social distance the along with wearing mask and cloves. I'm not finding anything special that crypto world can do anything in terms of contribution for fighting against this covid but they can contribute in financial way. That will be more than enough what most of the governments are expecting right now.

I believe collecting relief funds will not be a big task in any crypto community and the most of the countries are looking for medical equipment and medical assistance which are possible when they are able to spend more money. So, just contributing in terms of finance will be more than enough in my opinion.
552  Economy / Gambling discussion / Re: Will you gamble right after coronavirus outbreaks? on: April 07, 2020, 12:24:44 PM
No, I would rather secure my money on groceries and as an emergency fund than to risk it on gambling. After the quarantine, I am sure that the backlash of the pandemic on the economy as a whole will occur. The economy will not recover right away, a lot of business had closed down and a lot of employees had lost their job. Factories and farms are yet to start producing products.
That is an excellent point and while I am rich enough to survive after the pandemic ends but I love donating money which I learned after the betting was suspended I am saving a lot of money for myself which means I have learned how to use my money, I am sure a lot of people are donating money and I recently heard stake.com also donated some money in such times.

Guys I am no one to tell you but please think of people and daily wages workers how much they are suffering so pleas if possible be a helping hand and maybe just donate what you would otherwise be loosing on casinos. Tough times are when we realize how different life is and how much we can offer to it.
553  Economy / Gambling discussion / Re: Chess online? on: April 07, 2020, 09:26:49 AM
l play with a very short time per game - 2 minutes + 1 second per turn.
Playing at this pace becomes really adrenaline. And after game it is very difficult to fall asleep or focus on something for me. Therefore i play online rarely.
Adrenaline push must be only only reason why so many people are here still into gambling which is definitely missing out in long duration games. The chess game is known for its own long time duration due to players will take time about thinking about movement of their kingdom. Definitely chess is not favorite game for me and I believe most people like me will be here.

I just imagine people will keep on digging more game to kill their boredom in this lockdown situations. I'm eagerly waiting for more such topics that may bring more interesting games than what I usually gambling in the dice sites. I may try new games if it will be my cup of tea unlike chess game.
554  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: April 06, 2020, 08:45:04 PM
Honestly as long as he is feeling better that is a big improvement, think about a virus that can make one of the most athletic and talented professional football players go out of breath so easily and realize how dangerous this virus actually is.

I mean if a 20's something footballers who normally train probably every single day of their lives can be out of breath because of it, it is not a wonder why people who are over 60 can end up dying, these people do not have the same immune system nor have the same body structure to face it.

I doubt he could recover and get infected again, as far as all the tests we know and have in our hands it looks like you can't get it again all that easily, and even if you do your body has enough defense mechanism that you will beat it like common flu at worst possibility.
555  Economy / Economics / Re: Chinese Strategy? on: April 06, 2020, 04:40:44 PM
Let's tackle all of them one by one and we will actually see a great reason why none of this could ever possibly be true.

First of all Chinese stock market can't crash as long as china doesn't want it to crash, it is basically all run by the government, if the price goes down to a level they will instead buy it as government and will ALWAYS keep it high, they need to look strong against everyone and they will do whatever it takes for it.

China can build a hospital in 3 days but honestly so can all other nations as well with the right products. It wasn't a full blown huge concrete cement building as you know it, it was basically a make-shift hospital that wasn't really all that solid, when all of this is over they will destroy it as well. Maybe there was some people in Beijing but since China basically took care of the disease so easily and put defensive measures, it may not go as horrible as people imagined. Plus it has been months since it started in china so we can say people in Beijing probably had it too but now are better.
556  Economy / Economics / Re: All Fiat-Replacement crypto will fail: what is wrong with this line of thinking? on: April 05, 2020, 08:12:34 PM
I've always thought about the possibility of cryptocurrency replacing fiat and I don't really see how that's going to be possible. They are not going to be any replacement, though I strongly believe that bitcoin will still be around, but most of the other cryptocurrencies might die off and not be used any more.

The government is going to create their own cryptocurrency and will expect the citizens to be making use the ones they have created, they will be like digital assets which people will be able to exchange through their their banks. And as you have said ,only cryptocurrencies that are tied to certain companies will last.
557  Economy / Economics / Re: What China is hiding from us and are they doing it to save their economy? on: April 05, 2020, 07:38:21 PM
Lol this same topic has caused serious debate where I live. A lot of people are saying that China should be blamed for this outbreak and that they know everything about it, while others are defending them and saying it's not true, that this is just another disease that came out from nowhere.

We can't really tell what it truly is, but judging from some of the things I have seen from social medias, it's kind of suspicious and seems like the Chinese government might know about this pandemic. Some people have even claimed that they released the coronavirus to bring down the economy of their competitors so that they would be on top.
558  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Want to invest on: April 05, 2020, 06:21:29 PM
That is the key point here, long term, people miss that part a lot and very frequently and that creates the biggest issue for these coins. If I was a creator of any coin and I saw people selling my coin as soon as they buy it, or like in a month, I would be super pissed as well, I need you to keep the coin going for a while before I can tell my developers my designers and my marketing team to actually pump up stuff.

When you pay these companies millions of dollars they can't just start doing awesome work on DAY 1, they have to build the whole team, give them a chair, a table, a computer and tell them what they needed to do and only than they can start working which will take months before they can build something amazing. When people sell right away, that causes the team to work for going back to what it was instead of working for something much better.
559  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum very volatile on: April 05, 2020, 05:34:55 PM
Right now it is stabilizing a bit but we do not need it to stabilize at this stage, not at this price, we need it to be a little bit more on the higher price before it stabilizes.

For example, if it was like this at around 180-200 dollar levels that would have been better. The price was around 230-240 levels anyway, so the price of 180 would be a bit of fall already, it wouldn't be an increase, just like bitcoin at around 6.6 price which is around 15-20% lower than previously before the fall, price of ethereum could have been 180 to 200 and that would have been a bit normal.

However 130-140 levels are just too low for it to stabilize right now. So volatility is working towards us if it happens again, we need it to go up a lot more before it can stay stagnant.
If you really look at the price of ethereum in bitcoin terms it hasn't really changed all that much, in the last 1 week for example ethereum has been between 0.02 and 0.021 and that's it, hasn't changed as much as 10% in the last week, always been the same for the bitcoin price pair, however if you look at it in the dollar column it has moved from bottom of 125 dollars to peak of 145 dollars, that is a huge change in dollar price which tells me right now all of ethereums price change is depending on what the bitcoin price will be.

If bitcoin goes up, ethereum goes up as well, if bitcoin goes down ethereum goes down as well. Which means there is really no volatility in ethereum anymore, there is volatility in bitcoin and that makes ethereum look like it has some volatility when there isn't any.
560  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best altcoins for 2020? on: April 05, 2020, 10:52:39 AM
Unfortunately it will continue to be like this for a while, it is just another few months before we can actually see a bright day in front of us, for now just try to find the one you love the most and do not worry about profiting, or maybe if you want to profit try your best and best case you can just completely get out of crypto for now that would be alright too.

Just focus on getting better and saving some more, if you can do that and get back when everything is better it would be ideal, right now things are not looking all that great. It is definitely great time to buy bitcoin because we all know nothing will happen to that one, but for altcoins everything is shaky and risky. I wouldn't make any new investments and wouldn't want to join any ICO neither for time being.
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