I think they can
You're wrong. Bitcoin is the father of all the coins here and altcoins are just clones from bitcoin, having its name Altcoins that means Alternative coins, they are clones and forks according to the article that I've read in quora, in Math, bitcoin is the original equation and Altcoins are just the derived equations from it, without bitcoin, blockchain and all of other cryptocurrencies would not exist. so it is accurate to assume that altcoins could never replaced bitcoin, ever, but I've seen many that tried so far to do this *sighs* |
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Actually it is very difficult for every country to legalize bitcoin as a means of payment, and these countries do not want to destroy their currencies that they have long applied
I hate this kind of thinking to be honest. The Government should be the one who is flexible or open minded when it comes to new things in the modern world, but what's happening for most of the Government is they are doubting bitcoin even though they don't know the whole story about it. First impressions are always wrong, so I'm always wondering when will be the time where all of the Government will have the same mindset like Japan and other countries who legalized bitcoin and implemented it to be use in every day living. Government here in our country in narrowminded to ignore such gorgeous inventions like Bitcoin. It is sad, how government concluded already that cryptocurrency is not safe because of the majority saying it is just a scam, I pity their poor souls and small brains. |
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The easy thing is to be patient and always check the market so that you have your own consideration of the right time to sell, because basically you do it consciously when you sell at a price lower than buying. So, if you can be patient and try to keep holding it in the best way, and with you checking prices all the time then you will control everything until you can sell at a higher price than buying.
Being patient is not enough sometimes, your body need to rest, you can't trade 24/7, well actually you can, if you have a death wish in your mind, what I mean by that is you can't monitor the market all of the time, a simple signal that beeps when you hit the certain amount you want to sell your coins can't wake you up in your sleep when you are dead tired because of trading all day. Loss is inevitable in Trading, it is part of your everyday life in trading industry, without those few losses you have when you fell asleep or went to the bathroom to take a dump, you will not learn anything, and you will not gain not just profits but also lessons that will teach you on how to trade wisely. |
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Practise makes a man perfect so you can try on demo trading than create an account on binance for trade and learn because you can see live trading.
I think binance is not recommended for beginners, there is a big risk, so the opportunity to get profits is very difficult. Don't forget to use small capital to avoid losing. Any exchanger site will do, but I recommend something that have a more simple interface life hitbtc for a beginner. A friendly interface that is not that hard to explore is an important thing, also OP is just a beginner so he must start on the easiest part, there is no need to jump off too far, that will only make things worst like he will not be totally ready in Trading if he is going to take the shortcut. Binance interface is complicated to understand than hitbtc interface in my opinion, anyways, OP could try many exchangers because it is free and it's his job to find the right exchanger for him. |
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Is trading crypto on your own with no employees and no storefront categorized as a real business?
If you profit $300 per year from this stuff, is that considered a business?
How about profiting $3,000 per year?
Or profiting $30,000 per year?
Where does trading online take on all of the aspects of being a legitimate and identifiable business?
Yes, it is a real business, anything that we do as our profession and we are earning money, we can call that a business, it doesn't matter how much you earn, money is still money. The only I like when you are a freelancer is that you don't have any boss that will shout at you when you showed up late in your work, you control your time when you are working, there is no due dates on submitting your paper works and other things that are related to your work, and so on. Being a freelancer is like a bird that you can go wherever you want, whenever you want, you don't have to wrote a letter for vacation leave, and it is not tiring compare to a real job that is stressful because of too much work load. |
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According to your article. 4. Facebook Coin – What Facebook creating their own coin now too? Yes, they are with big partnerships by many large organizations. This will include Mastercard, Paypal, Uber, Visa, Lyft, Coinbase, Spotify, etc. If they are interested then perhaps this just might be the future. What the hell does Libra or Facebook coin be the reason that you are involving yourself in bitcoin? Do you mean that it will push the price of bitcoin? Maybe what OP was trying to say was that because of bitcoin, he had the opportunity to know other cryptocurrencies, and accidentally he discovered this "facebook coin" which I think it will also become a trash that is trying to prove something against bitcoin in the near future, its release would be 2020 so let's just check it out to know if this "Facebook coin" will make a history in the world of cryptocurrency. Sorry but I have to burst the bubble for you that Libra has no effect on the price and it won't be the catalyst if that is what you are thinking.
Indeed, people always think that if there is another coin release, the price of bitcoin would be hype as well, but it doesn't care about facebook coin or libra  |
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Most of the beginners have misconception about investing in bitcoins. Just because they saw that the price of bitcoin is too low, then they will start investing. It is the misconception that we should change. The price of the bitcoin is too volatile, you can only have foresight about the price of the bitcoin if you have enough knowledge about technical analysis.
There is nothing wrong with this, buying bitcoin in the lower price is the most basic way of making profits in investing in bitcoin even as a beginner, so how come that it is a misconception, I'm perflexed. It would be funny if they will do the opposite, buying bitcoin in a high price then when it drops, welcome to panic selling squad, and yes, the bitcoin's price is volatile that is why it's sometimes way up high, sometimes it's way down low. Beginners are taking this advantage because that's the best thing they could do for now, you also started that way, so don't discourage them and let them to their homework. |
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Hi, I’m not sure if I’m posting in the correct category. If someone could let me know that would be great.
I recently had a conversation with a person from Tradenix. As I am completely new to this I thought I would search reviews of other peoples’ experience with this company. I cannot find anything that doesn’t seem sort of made up. I did find one negative review but didn’t really understand why it was negative.
Does anyone have a suggestion where I could start to educate myself on this process and does anyone of a positive experience with any broker?
There is a lot of people nowadays who are pretending to be someone they are not just to scam other people, even in emails, a lot of phising links have been sent to me these fast few days, creating fake names such as google security when it is obvious that they are not. Different scammers, different tactics, if we are outsmarting them, they are always have new ideas to scam people in a very superb way that you won't even see it coming. I recommend using blockfolio when you are trading for you to find out the legit exchangers that we have on the market, and you could easily track your coins in a very easy way. |
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Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
Trading using cryptocurrencies is different in trading market stocks in a way, for example, in their price, cryptocurrency's price is more volatile than market stokcs, market stocks to fluctuates but not as big as crpytocurrencies, maybe that is why you are confuse. Trading in cryptocurrencies have so many different approach, and it is your job to find what you preferred the most, do that and you'll see yourself making money in Trading. You need to train yourself even more by watching tutorials or reading PDFs about trading, the more knowledge you get, the more money you could earn. |
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For me this is not yet the good time from many of us to trade and to buy or sell, just because of the low price in the market. Coz many of us are already experience what have you experience before. The onething that we need to do is to wait and to have more patients.. Until the good price is back.
You could still make profits even though the price is not that good in the market, as long as they are fluctuating and I know they will always be, then profits are absolute. Do day trading and trade those coins which have the potential to give you profits in this kind of market. Analyzing the price charts sometimes is complicated, but as soon as you get used to it, you will start earning money like other traders. You are right that this is not good time to sell your coin but it is perfect time to buy your coin. We should buy more if we have money as later on these coins will become more expensive. If price has been down so it’s also our success as we will have chance to buy coins at low price that we can sell later on double price. Every failures has hidden profit for investors.
The problem is that not all of us do have enough funds to go with the current in this bearish market, but if you do have, undoubtedly you could make profits in the long run by trading it or holding it. it doesn't matter if the market is bearish or bullish, as a matter of fact, if we are good enough, we could find ways to earn money on bad days especially. |
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In order to have become successful trader you must have this following characteristic:
-Patience
-always have a plan for trading
-control your emotions
-risk only what you can afford to lose.
-be updated on the market
-study the market
-know when to stop trading
These are the only things I know how to to have a better trade. The more experience you've gain the more trading tips you'll get.
from what I have observed, patience is indeed the foundation in playing trading. There is already plenty of evidence that shows that patience in trading can produce results. many people give priority to information before trading. but they don't have patience, which results in them not being able to maximize the profit they can get. after that, the points you mentioned are things that need to be in us after having patience. Patient is indeed the foundation of all things that we do in life, patience means we are discipline enough to not rush things that is need to be polish to shine. It is like yourself, when you first time enter the Trading world, you don't have to expect that you are gonna do well in the first Trade, of course you will experience some crazy stuffs like losing profits because you accidentally set the wrong price when you sold a coin and so many more. Patiend will be the key for you to be more experience in Trading, if you are patient enough to wait until you become a professional trader, I guarantee you that you, being a patient in all times would not disappoint you as you see the results of it. |
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if we want to get the best we have to maintain bitcoin until it goes up again and we hold bitcoin until the price goes up again or normal again and I'm sure investors already know about this because bitcoin is down not just this time so I think everyone already knows the risk if they want Bitcoin trading everyone must understand
Basically that is the right thing to do rather than panicking out and sell the bitcoins we are hodling since the bearish market happened way back January 2018, we don't want to let our patient to be wasted just because of panic selling, we're used already in this kind of market so let's keep the bear do its thing and wait for the bull to come out on its fence, that way we could maximize the profits that we could make in the long run. |
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I think the biggest dangers are just 2 :-
Government banning or regulating them in a bad manner
The price going up and down too quickly
I think besides these two things , everything else can be taken care of ..
The reason behind this sudden price drop of bitcoin is because China banned mining(if I'm not mistaken) correct me if I'm wrong, and hashrate's dropped. I just want you to know that these are just normal scenarios, that bitcoin's price is going up and down from time to time because of its volatility, making it harder to predict. There is no danger in cryptocurrency, because this bearish market is also an advantage to the poeple whow wants to invest in cryptocurrency. and in no time, bitcoin's price would go back to normal, I hope the bull is coming soon. |
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To start with, there is no way to entirely trade crypto without losses but you can limit your losses by trading on reputable exchanges that offer a way to place stop limit scenario when a certain condition is met.
agree to this! There's no way you can't lose on trading, but you can limit it by smart trading strategies, the other one is reading news regarding the coin which you are trading, because the news is the no.1 indicator when the price will go up or down. But most importantly, is the patience of the trader. I don't know why people always want to win as always, there will be no efforts and you will not gain anything aside from money if you will not suffer any loss from it, where is the thrill on that, where is the fun on that. Things will be boring if we are always going to win, if we are always going to succeed and will not experience any failures, it would feels like we are not even alive anymore. I know it is depressing to lose a huge profit but it is part of Trading, you lose and sometimes you win. You can't win if you will not lose and the other way around. |
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Yesterday the price of Bitcoin was $9700 and today the price is $8500. Yesterday the price of Ethereum is $200 and today the price is $170. So which coin is prefer to buy?
Look at the price difference of each coin when they are fluctuating, the bitcoin has the bigger difference compare to Ethereum which only have $30 drop, unlike bitcoin that have $1200 drop, it is just a simple math, if you want to earn bigger profits then buy bitcoin if you have the funds to do so, but if you can't afford it, then just go for Ethereum and do Day Trading, to make profits out of it then use that profits to buy bitcoin if you still wanted to invest on bitcoin. |
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Personally, I believe that both fiat centralized exchanges and bitcoin debit cards providers defeat the whole purpose of crypto
This is why I don't trust any KYC process, they are confusing and fishy at the same time. Even though they are rich poeple who owns an exchange, still we can't fully trust our identity to them and yes, I agree that they are completely defying the whole purpose of cryptocurrency by doing this kind of thing. These platforms are clearly not safe, because you never know what your data are being used for and even If nothing malicious is being done from the service's part, there is always a possibility of your data being hacked/leaked.
Well this is the most scariest part, you can't sleep at nights thinking if you did the right thing, if you can trust them with your legit information, the most worst case scenario would be the next day you wake up, and you are in the news saying that you are a scammer or something else horrible, and you didn't even know who the hell use your identity because you have done so much KYC process, also you don't have any proof that they are the one who used your identity, it is hard to accuse someone without any hard evidence againts them. |
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ETH is now in an extremely low position. How good is the idea to buy it now?
Buying Ethereum right now would be more better, the price of it is much lower and it is good to hodl until its price would be up for a comeback. If you have a big funds, buying a lot of ethereum would be a good move, it will surely give you profits when the bullish market comes, we don't know when it will happen but this bearish market we are experiencing for almost a year already would not be forever. We all can't wait for it, because we want to gain the profits that we once lost when the bearish market hits us and did some panic selling in return, or maybe we sold out coins because we don't have a choice or else we will starve to death. |
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But that is what happens with many gamblers. They still chasing their losses without realizing that what they did is not good for their money. I see some gamblers in real life cannot control themselves and lose many times, but they don't stop and still come back in the other day. They still searching on the secret about how to win the gambling games and when I tell them that there is no secret of gambling except the luck, they do not agree because they thought that there should be a secret of gambling that they can find.
Those addictive gamblers you were talking about are not searching for any gambling secrets anymore. The only thing they want is return all if their losses in one bet, experience a rush if adrenaline once more. In oreder to find some misterious secret or rather working strategy the gambler has to be disciplined person, must ignore his emotions. However, it is always hard work to control yourself, to train emotions and emotional actions of yours. It ain't easy thing to obtain a cool head, but still possible for everybody. The most important thing to be a successful gambler is having the ability to control your emotion, without that, you will never be able to succeed as you will just fail to execute your game plan. We are using our intelligence here not our emotion because with more emotion, that will make you weaker and that will make you prone to getting addicted. It's a serious problem that would put you at a high risk and worse is you will get bankrupt because of that. For sure emotions and gambling can not be done together if you want to become successful in gambling you will have to control your emotions you will have to keep your mind active while choosing a game and you will have to remain fare in gambling. The secret of gambling is to be patient and ignore your greed. Emotions are hard to control especially we are just humans, emotions always take over us because of the rage that we are feeling in our hearts whenever we are losing in gambling, the hungriness in winning keep us on the verge of losing more money. It is easy to say and give some advice when you are not on the same shoe of a person who is addicted in gambling, because they can't let a day pass by that they are not playing gambling. The secret in gambling is you, yourself, because you are the one who only have the potential to save yourself if you are drowning in gambling, others could give opinion but there is always you before anyone else in your life, so always listen to the good part of yourself. |
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There is always risk or luck can help but luck is not eternal  It is more about risk in Trading and not luck. When you are trading, there is a lot of ways on how you are going to trade, depends on what will suit you, there is this thing called day trading, margin trading, and so many more, of course there are also many approach or strategies that you could apply to avoid too much losses, because you can't trade without any losses at all, luck is just for gambling because it is all just random algorithm which you can't predict that is why you would experience much more losses in gambling than in Trading. Trading is an easy job where you could minimize your loss to the point where you will think that you are not losing profits at all if you are going to spend the right amount of time, efforts, and hard works to learn every edge of Trading. |
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Even though bitcoin is on the second spot, tether is still just an altcoin, look at its price compare to bitcoin, I know you are not blind. The fluctuations of the market's price for every coins affects our daily trading profits, but, if this fluctuations goes up, there is no doubt that bitcoin's price will skyrocket and will dominate the market again, that is why even though it is place on second as right now, I'd still choose it when I would be investing my money on cryptocurrency. I do have high hopes in bitcoin, because it never failed to amaze me, and it is the one who gives me bigger profits compare to the coins that I have in my wallet. |
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