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Leverage trading is most dangerous trading, high leverage can wash off your account with in few minutes, its better to trade with the actual amount, if one does not want to take much risk a fix SL can be placed inorder to limit the losses, Leverage trading can make more profitable with small amount but at the same time it can eat that small amount in a moment.
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When Bitcoin jumped from $1500 to $19000 in few months everybody was praising it, even some business tycoons said, investing in Bitcoin is better than investing in Gold but when it slipped to $6500 perception changed, no need to get panic here, people should be patient and look for the right point to enter, there is nothing to worry about bitcoin, such fluctuations are important part of every financial market.
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For me trading can be briefed into 3 steps:
1.Patience
2.Controlling greed
3.Controlling fear.
If you can follow all 3 mentioned above, you can be a successful trader.
Patience -- Wait for the right oppertunity to take a trade.
Controlling greed -- Fix up a target and close your trade whenever it hits TP or close a part position and let the other run with BE SL.
Controlling fear -- Do not get panic if trade goes against you, if it is going against you cut your loses short and wait for the next trade, keep a SL at as per your risk but do not wait to get it hit.
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I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
This is bitter but true, trading requires lot of experience, you can learn basics from books, forum but actual experience will come with doing actual trading may be on real account or demo account, demo account have limited emotions but real account includes emotions as well and emotions play a vital role in trading, I would suggest you to study technical charts, fundamentals and apply it on a small real account, by the time you will come to know where to take trade and where to exit. |
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What would be your thoughts and prediction to what will happen in 5 years from now in Crypto?
Do you see higher values?
Do you see less projects?
Do you see a merger of many projects?
Tighter Regulation?
More acceptance?
Society in general?
After 5 years I see followings in crypto. Higher value Tighter regulation More acceptance There must be some regulations to control new ICOs every minute, currently many ICOs are playing fraud which are required to be traced before they play any foul play, with tight regulations confidence of common people will grow in crypto which will its wider reach, with high demand value of crypto is expected to rise with time. |
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Forbes recently released a list of the world’s richest individuals in terms of cryptocurrency. There are currently 19 people in the world who own an equivalent of more than $350 million in crypto assets. The top owners of cryptocurrency in the world amassed their wealth in a variety of ways, but most are founders of large cryptocurrency projects and cryptocurrency exchange platforms. Others are either individual investors or part of investment groups and some have established very profitable cryptocurrency mining operations. The one thing that the richest in crypto have in common is that they are all the types to “HODL” (hold on for dear life), meaning that they hold on to their cryptocurrency through any downturns in the market and aren’t quick to make crypto-to-crypto or crypto-to-fiat trades. Credit: https://t.me/howmuch_nethttps://t.me/whatsoncrypto This is an interesting article, these people are already so rich that they do not need to sell anything so all these are going with the principle HODL, common seller in crypto market is either a small investor or a miner or coin earner for living, those who can hold good coins will surely get their assets multiplied by many times, take example of BTC in 2012 and today's rate, HODL is a nice choice if someone does not require urgent cash. |
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I strongly disagree with your idea, in my opinion entering a chip in the body can disrupt the health of the body. you should look for ideas about better technology.
I strongly agree to this point, implanting any such chip may deteriorate health of any particular, that is not a good idea, any external device use for such activities will be more appreciable but ofcourse less secure but we may be wrong at this point as well, future medical science may be so advance that implanting chip may not affect the body and it works in a normal way, everything is possible. |
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Hi I eagerly want to that is there any insurance company that offers services to protect investment in btc or any cryptocurrency. If you know please share.
I do not think that any company can provide insurance to Bitcoin as it could be a risky business and if someone is offering such service then it should be thoroughly investigated as it may run with clients money w/o giving any insurance claim. |
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Hi guys,
I'm considering to start day trading. Before now i'm in the crypto world from more than a year. I'm minner and i made some good profit from icos, but the current condition of the market is terrible for icos. If they don't don't adjust i can't see any profit in them for now. So i want to try day trading in crypto, while the volatility is still prespective for not so hard profit.
October im planning to spend the month for learning about day trading in crypto.
I would be glad to hear from you any suggestions for books, courses (prefer even more expensive from traders which are with good experience and results in this market) and everything which could be useful for the very beginning.
Thank you!
Day trading is still a challenge in Crypto as most of the exchange still does not have good volume, I have tried day even in Binance but could not succeed, although I am still trying daily TF trading there but volume is always a challenge in current situation, there is no fluctuation is the price, I would recommend you to try in forex if you are thinking of day trading, due to high price fluctuation you can get a good profit on right trades. |
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Loved to see first ever project taking auto fuel production to blockchain, I went through the website, project is looking very promising, I hope this project will be a huge success.
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trading Bitcoin is more profitable if you have sound technical/fundamental analysis knowledge, if you really can find points of buying and selling successfully then it is better than holding Bitcoin, holding can make you good money but at the same time it can even make you lose 70%, 80% of your money which is not possible if you buy and sell regularly provided you know the points of buying and selling.
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The original idea with Bitcoin was supposed to be a alternative P2P payment network....Right? The other day, I happen to walk into a food merchant and they had a "Bitcoin Accepted here" sticker plastered onto the window, but on further inquiry they said that they only accept it, if payment was done via a specific payment processor. They do this because they are only interested in the converted fiat and not in the Bitcoin and the customers have to be identified via this service.  (Also a auditors requirement)  This is not real Bitcoin adoption and adds no value for Bitcoin, so why do we celebrate this, when merchants do this? I also used one of these payment processors to buy something on a ecommerce site and they have a 10 minute countdown for your transaction to confirm, if this does not happen within that 10 minutes... you are offered a refund to the Bitcoin address of your choice. (I lost a 45% discount on a purchase that was only valid for a day, because my transaction confirmation took longer than the required 10 minutes.) I even surprised that someone got such chance, you had BTC in your account but merchant was not ready to accept it although you had convert BTC in some other currency may be fiat which is accepted by the concerned vendor. At current point of time it is wised to convert BTC into fiat currency and use fiat in the market, you may have some loss but you will not lose all your money. What do you think about this? |
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Hello, I am newbie in trading. I start trading for make some profit
Would it be possible to make 10% of your capital every day?
This would be 300% in a month, this is a lot.
It really comes to your capital:
If I invest 200$ and 10% of 200 would be come 20$ daily and one month come 600$
...
If I trying hard daily profit 10% huge profit come in one month
Trust me, achieving any target on daily trading is a tough task as market conditions are always not favorable, even if you have a sound knowledge of technical, fundamental analysis it is not possible to earn money daily and 10% is a high amount to be earned, sometimes a sideways trend runs for many days and here all market analysis fail, if you average your profit per week or per month then its is possible to earn 300% but you need to take a bit big risk and the loss will be equal in case trade goes negative, If you can earn 100% per month regularly, it is more than enough I believe. |
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Really have the best trade tool? There really is a good trader who never loses money?
I believe there are good traders who do not lose money before they make money. BUt the best trading tool is not.
The skills that make a good trader are not tools. That is... :
1. Discipline: They always follow an absolute discipline. They do not fomo according to the market. They always avoid losing money before getting the money. They know stoploss and take profit at the right time. 5-10% is their discipline number. For a good trader, the biggest discipline is greed. Never greed
2.Psychology: They will not be affected by market sentiment. They have patience. They did not rush into the order. When all the tools announce a good signal. they will enter the market.
3.Understand the market: They never fully trust the market. They always know the trick and be wary of the market. The most important thing for a good trader is not to believe in the future of the market. They only trust themselves.
You have already explained qualities of a good trader, discipline is something needs to followed religiously to be a good trader, I want to add here - a good trader know to fear and greed in the market, he does not make opportunities in the market but wait for the right opportunity, patience is what plays a role here, good trader believes in himself rather than wasting money on other's advice. |
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Thanks for bringing this experience here, although I have used Yobit for some bounty coins and did not have any issue withdrawing my funds but if something has happened to any user w/o any reason then this is a matter of concern, we should take care before depositing funds in any suspicious exchange.
There is should be a forum exposing SCAM in cryptocurreny, like forexpeacearmy in forex.
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hy mates
sorry to ask this over here.
lets see what will happened to the market before this year runs out, or could anyone possible guess what will happen in December 2018.
also will there be any upgrade in the bitcointalk forum?
As per my analysis market should start recovering by the end of 2018, bottom is almost touched and now market is going sideways which is a normal cycle, it should start building uptrend by the end of this year, every potential coin will start appreciating. This analysis is based on technical studies, market may act opposite to it any any point of time. |
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I want to share some trading tips for the beginner, use the moving average in the trade and use the candlestick. First set moving average 12 and 21 and follow Candle pattern. Moving average 21 crosses to verify the market trend. When the candle closes by crossing moving average 12. Find out if the candle closes below under moving average 21 and find out the sell. Hopefully, a profitable trade is possible if you trade in a completely formal manner.
It seems so easy but its not that easy, trading with MA will kill you in sideways market, yes it may be profitable in trending market, I have already shared many times that taking trade is not that difficult but managing it is much difficult, beginners can try it but with small amount, its better to learn the chart pattern, it may be more profitable in any tf. |
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Hi, I am a crypto-hamster and bought bitcoin when it cost 17,000 and decided to trade on the Bitfinex exchange withe margin.
In this business I was not experienced, so I followed the advice of different traders and their signals.
In the end I lost 10 thousand dollars when bitcoin fell to 6k , but it was money that I was ready to lose, i.e. free.
Now I do not have the desire to trade, but I want to earn money on crypto currency, because it's interesting and I believe that the future is for the crypto currency.
Now I want to try to make money on bounty programs.
And I want to ask you advice in this difficult matter. Where to start, and is it profitable at all?
Although you lost 10K in trading but best part is that was the amount you could afford to lose, you must have gained a good experience out that but a bit expensive, I have gone thr such situation as well, trading is first of all not for everyone, if you are not able to control your fear and greed than trading is not for you, second part is you must have some base to take any trade, means a strong reason behind taking a trade, third you should have a clear target and SL in trading, there is no place for emotions, Suppose you bought BTC at $17K with a hope that it will go to $20k but it comes back to $14K which is your last risk then you should cut down your position there, sometimes what happens as soon as you cut your position it start rising and that is the point where emotions play role, next time you do not cut the position and it will slide to $6K, so everything should be pre planned in trading. Rest it is the best time to hold crypto currency, you can go for some good coin and hold it for next 1-2 years, it may give you good profit. Regarding bounties, so many projects are running you can join any of them but before joining read about the company, project concept, percentage of rewards etc, that will be plus point. |
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I never understood why cryptotraders and exchanges support ICO's, my reasoning is this: An ICO gets funded, then they do what, they SELL the BTC they raised for fiat and push the price dive on BTC, thus taking all those BTC out of the trade environment, anyone thinking that an ICO would reinvest into the exchange is naive. This hurts everyone, even the exchanges. You might say "Well the exchanges get fee's on ico" well that is true, but they are losing all future potential fee's on those coins, if they had continued trade on the market.
So in Short - ICO's are killing Bitcoin and CryptoMarkets.
Partially agreed to the point that ICOs are killing Bitcoin, not ICOs but scam ICOs are killing bitcoin and other cryptocurrency, potential ICOs are rather giving good option to either hold bitcoins or alt coins, the worst thing in crypto world is - even scammers are launching their ICOs and duping investors, there should be some regulations for launching ICOs, with this way we can have good ICOs and their coins in the market which further will increase total market capital. |
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