Latest posts of: Gozie51

The decentralization of bitcoin is in the area of the inability for the usage to be controlled or not to be controlled which is usually by the people in government. Decentralization makes it difficult to like withdraw or order for a return of mis-sent fund like in fiat. With fiat it is easy to do that but with bitcoin, it can only be traced to the wallet I think so.

I also like to be in the move to moon. I don't know about stars for now as scientists are going to show us that. Grin

For ATH this month, that is a positive wish that I want to also see but what can the reality be for us as we wait to see. Shocked

Eos platform is good and I term it as a coin to bull anytime soon in the next bitcoin run because more people are getting into the network. However, I think a time ago, maybe a group did signature had a signature bounty on there name and complained of no payment.

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You are definitely a big brother watching people's back. This is great , I'm happy with some of these covid-19 mini campaign to help.
About the 20 families that you can deliver to directly, that means they are close around you because I understand that Nigeria is on lockdown across states , which means there are no free movement of vehicles from state to state (you understand what I'm saying for sure as omo iyami Grin

).

How can you now deliver products mentioned to people living in far North if you are not living around there or Western Nigeria.

Therefore, I don't know if you have thought of opening a mini covid-19 campaign for either Nigerians or other forum members so that they can use btc earning to purchase some of those products mentioned too.

Note : If you open a mini covid-19 campaign like some thoughtful members here have done, you can be sure the benefit is getting to members directly and that will save you much stress too.

You deserve my little merit by the way.

Edit: Meanwhile, I need such support but I don't know how you can get all that across

Quote from: Mighty_crypt on May 12, 2020, 11:49:17 AM

Halving is finally over and many feels disappointed because they expected bullrun to kick instantly, well you can make gains from bear market too, here is my own advice, find way to be in between bull and bear by.

1. Hold part of your Bitcoin and
2. Buy Usdt with remaining half

So whatever the market situation turns out to be you will be there to take full advantage

This is a good plan too but can someone expect a bull run immediately after halving?
Such person should look at the history of bitcoin halving. From the halving experience, a bull didn't start almost immediately. So we all need some time of wait.

Two angle to your challenges and solution like an advise I want to give. Trading and investment are not same thing . So when you investment, like buying a coin. In this the growth is not decision by you, meaning you have no control of how it can grow.
On the other which is trading, this is dependent on you. If you are losing in your trading, then either you learn more to change your strategy or you stop. Maybe is not your calling Shocked

Quote from: Arcaddia on May 11, 2020, 06:57:29 AM

Quote from: adaseb on May 11, 2020, 06:44:10 AM

Quote from: Arcaddia on May 11, 2020, 05:12:37 AM

Hey guys, I'm currently using fibonnaci retracement and I take the lowest point to the highest point (that works well).

I am simply not quite sure of the right method of using the fibonnaci extension in an uptrend to find targets. Can someone please give me instructions? Thank you!

If you want the best results you need to use this on at least the daily charts or higher. Don't try and day trade with fibs especially on the M1 charts.

The way its done for crypto is exactly like it is for stocks and forex. You need to pick a local low and a local high. One example could be the low of Dec 2018 of $3100 and high of June 2019 of $13800. You need to use common points like this, and can't randomly just plot them.

The common ones are the 38.2%,50% and 61.8% fibs and you will see how they would of helped you in the past. Just remember to use them on higher timeframes.

Gotcha, thanks a lot for the information.

I usually trade the 1 and 4 hour charts. What strategy do you recommend to find targets? Past resistances?

I see you have been given a good guide above. One thing that is important with fibo is longer time frame and by that you have a very strong support and resistance you can be looking at. If you can learn the above pattern then you can help your strategy of supporting your trade with fibo.

I expect a bull after the halving because of altcoins increase just as it was in the last halving. In last time, altcoin hodlers had a big bull in their wallet because the volatility. I hope that this time should be as before as we are waiting for a new ATH.

Bonds are ways that government generate money to run the system. Bond is different from tax, tax in itself is a charge by the government on individuals or companies but bond is a kind of of partnership. My worry to this is if perpetual is going to be a long time because that means does who are able to buy now would keep getting money from their investment with the government and others might not have such opportunity too.

I have seen that I have no control of how my coins will rise or fall. The decentralization is a big factor and since no regulations, it is easier for price to do whatever. I also try to minimize my losses by not being greedy because I have had a time that it was difficult to come back from losses.

Quote from: akjuve on March 14, 2020, 11:56:31 AM

Many people hodl but I think trading is more preferable.

So Maybe I am right which I think I am but still looking forward to others opinion or advice.

In my eyes you are not wrong because hodling coin don't really appreciate your assets. Trading can multiply more. Again too I derive joy when I trade. It is passion for a trader and that passion won't allow you just keep your coin to sleep there. Trading is gainful than putting the coin in wallet.

Quote from: timmmers on May 08, 2020, 08:57:11 PM

You can support this crypto broker: LHCrypto. They offer margin trading up to 1:500, but be careful such high leverage is a gamble, for example if you trade with 100x leverage, 1% move against your trade could completely delete your account. Wink

Also LHCrypto has a nice promotion. To attract new traders they giveaway Lamborghini Huracan!

High level margin trade is a no for me, it is risky just as you have mentioned. A trader need to understand the market and have a high trading skill to succeed with such bonus. If your conscience don't remind you that you are trading with some borrowed money which can be pulled off at anytime you are low, then you will always be in trouble.

If everything is possible to happen but there are certain times that they are expected to happen. Now bitcoin has survived the top of covid-19 and people are beginning to invest again in bitcoin. Also looking at the halving, I'm not expecting that price will go down below #3,500.

About the way bitcoin is helping now that lockdown is active, we can see that many traders are not feeling the stay at home or social distancing. Traders trade bitcoin and withdraw to their wallets. That is to say that it is a source of income for many. And it is facilitating the digital system.

Quote from: 20kevin20 on March 19, 2020, 12:22:54 PM

Lockdowns will not stop the virus from spreading. It will still spread, although not as fast, and will cause panic and chaos if it takes months to be lifted. If people are not going to be tested for the virus, a lockdown is not of much help. On the other hand, we have the recent 17yo boy from South Korea who's been tested 8 times in a row with negative results and then died; after his death, the DNA resulted in a COVID-19 positive. So now I'm wondering... how useful is testing in reality?

I also believe with you that isolation won't have any positive part. It can only delay the spread of spreading just like an evil day delayed to come but most come.

Quote from: Subbir on April 11, 2020, 02:23:55 AM

The way this epidemic has spread round the world will take an extended time to recover the economy Everyone will remember the damage that has been done to the country during this point because numerous deaths haven't been done before especially within the whole world. Everyone can panic and learn from here but after the COVID-19 pack up it'll take time to reboot the planet.

People should not expect that the economy would kick up in a haste, yes. The world economy was taken down by the pandemic and now that glimpse of light is coming up as restarting is taking place, we need to gradually key in and for life to turn to normal. Everything is gradual step , leagues are preparing to restart and soon the economy will come back and people we get back to their lives, we have to be patient while staying safe.