The stop loss feature can be life saving. It's true, that when the market allows this can easily be used for any trader but unfortunately its limitation comes into existence once the market fluctuates in an irregular pattern and frequent basis. This is why even with stop loss I can't always guarantee profit, though at times using it does put my mind at ease  |
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Also:
4. Trade only where there's good liquidity.
5. Make sure you have set stop loss at least when you sleep.
In relation to that, trade only on exchanges that have a high security system and can be trusted. It is super easy to fall into the common idea that any exchange will do but the volume as well as the FTP services used for transactions as well as speed are the most important too. In any case, one that would be difficult to deal with is greed and not to mention keeping aside emotions or 'gut feelings' rather than evidence but we can't help but be aware of these  |
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As sad as it makes me, it doesn't change the reality we live in. That is that digital currency and systems come at their own expense, one of which is clearly hacking. I'm afraid this is an issue that won't go away as even with more advanced systems there'll always be backdoors others could explore if they wanted to. This is why its important to research well into the type of security these platforms you're holding your money on have
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I personally prefer coinmarketcap but I don't think either of them are bad to use, each platform has its own pros and cons. These though will vary depending on what type of info you're looking to get like the info required by a newbie will be drastically different from that required by a day-to-day trader. In any case, for some more comprehensive comparison between the two see this article: https://forklog.media/coinmarketcap-vs-coingecko-choosing-tools-to-analyze-crypto-markets/ |
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That increase could be contributed to probably the testnet of 2.0 being live. I was expecting the development to be postponed because of the pandemic and everything coming to a halt for a while however now that I realize it maybe staying at home made them work harder because they were capable of being more focused on the development without really having to deal with anything else.
Of course this is just the testnet and we are going to see a lot of bugs and glitches with it and there will be a lot of troubles that will cause set back, that could even damage the price eventually when it is figured out but that is a long term better thing because with all the wrong things found there, it will lead to original being a lot more stronger adn increase the price even more.
You're making some fair comments about the possible setbacks that testnet may encounter in the long term but I think for now it's safe to say that this development nevertheless has strengthen ETH's position in the market and I can' t help but speculate that the other cryptos will follow, that's for the short term at leat. |
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When you look at the stock market during this crisis they have drop significantly this past few days considering they are what they call stable assets and with the continues money printing out of nothing their not really creating value. Their just taking value from other money in circulation. I consider Bitcoin as hedge in all these Economic instability that safely store value despite critics saying its a scam or bubble.
I agree with you, that printing more money will not solve the economic crush we're all going to see very shortly. Bitcoin was made for this exact purpose. Like many of you postulated, BTC's value should prevail and I find that there wasn't a better time for this than now. Amidst the stability that BTC provides, investment in crypto can be risky, I'm not going to lie about that, is there any investment that it isn't all about the risk? |
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I'm glad he's been deleted. There are far too many scammy, shilly crypto influencers out there and Tone Vays is no different.
Hopefully Autonopolous gets the same treatment. We need trustworthy, reputable figureheads for the industry, not these snake-oil salesmen.
He'll probably get it reversed or create another account though, sucks.
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Jesus, what an ugly exchange interface. Did you guys put any effort at all into making it attractive for users?
You do realize that people won't use your website if they don't like the look of it right? Even if it offers the features they want.
Also, your spread appears to be around 1.5%, that's pretty high.
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I personally don't like to trade over the daily and hourly timescales, I'm more of a swing trader that takes advantage of longer-term price movements.
I actually use a variety of indicates to buy in, but one of the most common is the relative strength index. When this goes deep into the oversold territory for a major asset I'll receive an alert via tradingview and then asset the market manually.
If I like what I see, I'll buy in and hold for 3 to 6 months.
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I use a few momentum indicators when trading, and I also look for bot activity in the order book to scalp sometimes.
However, I do think that you'll want to use more than just the orderbook and momentum if you really want to rack up the biggest wins.
Maybe you should look into using something like TradingView, you can setup alerts on there that will tell you when particular chart patterns form or when a cryptocurrency gains X percent within X timeframe.
Definitely a great tool for crypto traders.
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I don't think the two technologies are opposing one another
If anything, 5G should actually make Bitcoin more accessible than ever before, especially when Elon Musk's StarLink Satellites start beaming internet to even remote regions.
I personally believe that we need an internet system that cannot go down no matter what. At that point, Bitcoin will be practically invulnerable and will be able to continue its already meteoric growth.
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Can you provide a list of what makes your platform stand out?
As far as I can see, your orderbook looks exactly like Binance and Kraken, it uses the same TradingView chart tool everywhere else has, and it offers derivatives that you can already find on a variety of other futures exchanges include FTX and Binance.
Surely you must have some sort of unique feature or USP?
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It's definitely important to work up the balls to hold now more than ever.
Bitcoin was designed to withstand the global recession and we are definitely on the brink of one. I wouldn't be surprised if this one is even worse than the great depression.
The halving is also just around the corner.
The writing is literally on the wall people, buy bitcoin and either trade or hold! Make sure you hold for at least a year no matter what.
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Practically every cryptocurrency and gambling platform has had at least one scam accusation opened against them.
This is usually because people are stupid and end up losing their money and then blaming the platform for being rigged or bugged. However, there are some genuine concerns where people experience a real problem with the platform. You can then tell how trustworthy a company is based on how it responds to these rare cases.
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Any industry in which it is easy to steal peoples money will see it happen.
When it comes to fiat currencies, it's practically impossible to rob someone and get away with it, even if you're doing a fiat crowdfunding campaign or the like.
With cryptocurrencies, that's not the case. People who run scam ICOs can simply funnel their illicit gains through mixers and anonymous trading platforms to get their money out, and absolutely nobody is going to invest to time and resources required to track them down.
That's life.
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Why not do both?
Plenty of people who work online have a wide variety of jobs, e.g. microtasks.
You can spend your time freelancing as a social media guy, designer, writer etc, while also building up your trading chops on the side.
Over time you'll feel competent enough to spend more time trading and less time freelancing, but you'll find the best balance that works for you eventually.
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Looks like you contacted the wrong authorities. I mean there isn't really any centralized force that's available to help out with cryptocurrency crimes since it's practically impossible track down any competent thief or hackers that steal cryptocurrencies.
Not sure why you would send 1.5 BTC to a company with absolutely no reputation, presumable with no contact info or details on the founders or team behind the platform either.
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Bitrefill have definitely stepped up their game lately.
They also sell USD cards so people can exit volatility and purchase their gift cards whenever they want, rather than risking their BTC crashing while its in their bitrefill account.
Not sure what the purpose of selling digital fiat alternatives though, can't find anything on their site about it either.
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There's already hundreds of different signals groups available, and nearly all of them are complete trash.
Why would yours be an different?
A bunch of random people sharing market insights when they don't understand what they're talking about is a recipe for disaster. Without credibility, insights and signals are worthless.
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Why on earth would you pay some unknown platform to launch an IEO for you?
If you haven't heard of them and they haven't even secured their own success, what makes you think they'll be able to help you run a successful IEO?
Stay well clear, they might be legit, but your IEO will almost certainly fail if it's launched at some no-name exchange.
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