Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?
I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...
I don't get exactly get what you are trying to emphasize here, but there is one thing I am pretty sure that altcoins has a big help to me for a couple years already now into my life, without this I cannot support all the expenses I have now, but that's not what happen instead, through altcoins I can support my own family because I can sell anytime I want. Well, you are lucky and your patience got paid off. But I think, all of us are benefiting from the previous ATH, hunters had a huge profit from their altcoins and I can't really imagine seeing many shitcoins just pump for no reason during that time. Honestly, I have some and sell them immediately when I notice they already have a value after waiting for several years. the right time to sell altcoins is a momentum that must be used properly, if we are a little late, then a dump event can occur right away. therefore lucky you can take advantage of that time, so you don't regret it when the altcoin dumps right away |
|
|
|
If a trader wanted to limit his losses to a trade or position, stop loss is very important. The trader should just have to accept its cons such as it is still possible for the market to go up after you stop loss, this on the other hand, makes you not lose all of your funds.
indeed we often experience after a stop loss is hit and the price goes up again. but I think we have to be disciplined about the framework that we have created before. And one more thing, don't be stingy about placing your stop loss, you have to place it in a loose position, so that there is room for the market to move |
|
|
|
There must not be more penny coins like Safemoon or Shib
There must not be more penny coins like Safemoon or Shib as coins like these are destroying real projects because the money is circulating in such coins. Its bad impacts are hurting investors. They are losing their investment day by day. We have to stay away from more such projects or they will harm Bitcoin.
I don't think it can harm bitcoin because since then a lot of shitcoins already came into this market and none of them harm Bitcoin because they are just here to scam people. Bitcoin is already an established coin and scam projects wont hurt the market anymore not unless we hear so many hacking incidents. Those penny tokens are made a lot of good runs in the past months and many of my friends made a lot of money from that, I cannot blame them for joining the hype because they know what they are doing. And it was their right as well. People have different choices in life, some were just practical and take every opportunity that they saw. Like having these meme coins is not a lifetime investment, now to see people are buying now because they just ride on the market but sooner or later, they will just dump it. And we know what will happen to these coins, DEAD. Maybe they are lucky if they will survive and have a supportive developer, but still doubtful about it. right, people's own choices, and we can't force others to agree with us. of course they choose it already take into account the risk. not necessarily we can accept the magnitude of the risk to others. therefore from me stick to personal beliefs, this is part of trading lessons |
|
|
|
Here is my advice don't sell for lower price at least if you had bought higher price. Although if do you have bought btc in cheap price under $20k then welcome to sell and take your profits now. Actually btc ATH good move everyday so if you can take long time holding then you will receive good profits. Even you should analysis first then we will find a best decision. Otherwise if you would like important our decision then you can't make profits from crypto market.
That mistake of selling at a lower price had been done by too many panic sellers. They have been taken for granted because they rely on their emotion. They've thought that it's not going to last anymore and the favor is not with them. If they don't have to sell, they can hold until they can because that's the only thing that they have to do. You don't sell at loss and if you're at loss and you can see it with the value of bitcoin that you're holding, you only have to hold. Those who panic I think are very easily controlled by emotions, Of course it's not good because we should be able to control ourselves not to sell it, indeed it is not easy but if we are patient and think clearly maybe we will not panic and apart from it all for me panic is a natural thing and hopefully we can learn from it Panic is a human thing, but psychological pressure like this must be controlled so that we can achieve the targets that have been planned. I'm also still thinking about holding on to the bitcoins that I have, even though I'm actually still profitable. because I still think this is an investment |
|
|
|
Wait meaning even if you completed the vaccination you can still die because of the Virus?
after vaccinating majority of the people still there are 2000 death a day? so what can stop the virus if then?
what I know is that the vaccine does not make you immune from the covid-19 virus, this vaccine only reduces the bad effects if you are exposed to the virus. maybe without a vaccine the number of fatalities caused by this virus will increase. the only way to stop this pandemic is to be disciplined in implementing health protocols self-discipline about health protocols can save others. therefore this must be applied to each of us personally so that we can take care of each other. In my opinion, vaccines are like providing immune assistance to the body so that when a virus enters, the immune system immediately detects and fights the virus |
|
|
|
Basically, inflation will greatly affect financial conditions. The higher the inflation rate, the lower the value of the money you have. Most people will invest in activities to suppress this inflation rate in their finances. but I prefer you, to investing in the property sector, because now the bitcoin market is not normal. if you have started investing, then you should still have savings to prepare for daily life and have an emergency fund when it is needed so that your investment is not disrupted.
Using the property business as a safe point is a very relevant option in times like these. When cryptocurrencies come with a very high risk, we can always cover the worst with the results obtained from the property business. The exact formula that I really like is, doing business in a profitable sector with low risk is more profitable than doing business in a high risk sector. Besides being able to maintain the economic stability of my life, I can also learn high risk management (such as cryptocurrency). property business is profitable, very low risk to be borne, but indeed this business requires large capital. but the cryptocurrency business even though it has a greater risk, but we can get double profits. therefore I also run these two businesses so that my growing assets are not trampled by inflation. |
|
|
|
We are yet to find the source of origin of the virus and the speculation that the Chinese used this as some sort of bio weapon is bullshit theory, if you are talking about the Wuhan lab then they are funded by the US government as well and they will not release the virus on purpose, either there is an accidental leak and that is the theory that is supported by many scientist around the globe.
No one here is supporting conspiracy theories, but there are a lot of questions that remain unanswered even after one and half years. A recent study claimed that there are clear signs that the virus was genetically modified to make it more lethal and contagious and then reverse engineered to remove the traces of this modification. Also, no one has been able to explain why there has been zero deaths from COVID 19 in China for the last few months, despite all the other countries in the world reporting deaths from the virus on a daily basis. Whether it was a deliberate attack from China or not, it can't be denied that they benefitted enormously from the economic meltdown caused by this pandemic. Such a conspiracy is something that cannot be proven. related is true or not, but indeed if we conclude it seems related and it seems logical that China is behind all this, but again we can do much if there is no authentic evidence. I just pray that this pandemic will end soon and the economy will recover |
|
|
|
Im not Einstein or genius....
I just buy When I see red color -5 its Good enough.
The Good asset like eth btc
That’s too risky to be very much honest. It won’t work most of the time, if you buy a coin which is down for atleast 5% in the last 24 hours. Who knows if it decreases more? You might get heavy loss if you invest your hard earned money like this. What you can do is follow some paid signals or some great traders in twitter and invest on their calls. I am sure this will help to get good profits or in worse scenario you won’t face heavy losses. but at least if we want to follow paid signals, we must know the reason why we make the transaction. so we slowly understand how to analyze the market. because for me trading on our own will be more fun, we can enjoy losses and profits logically. therefore no trader is without a process, of course they will feel sadness and pleasure during trading |
|
|
|
If you get Bitcoin through the right source I don't see any reason why you be afraid what so ever of the law in your country. Except if your source is illegal then that is the only way you should be afraid of converting it to your local currency. If I may ask you, is it that you want to pay taxes?
I think the tax for bitcoin because it hasn't been legalized so it's not that much of a concern. but like in my country, it will be dangerous if we after converting it to fiat currency, and the money is used to buy property for example. it will be linked to the tax office related to income tax because we can buy property, and that is actually the object of the tax being pursued |
|
|
|
Base on my experience with signals, I don't think it's worth subscribing to it because there's no certainty that it will be an accurate signal and most of them only gives it's benefits on the signal providers themselves because they sort of manipulate the market.
Many of the signal providers make money by providing paid subscription to many crypto traders of which they don't often trade the signals themselves.The OP need to do his own research on trading no matter how long it is going to take to learn it, trading is highly risky it requires thorough learning and I don't think it possible to earn 100x, 20x in cryptos these days with paid signals, just learn candlestick patterns with indicators with resources on the internet. eg articles and YouTube videos. even with the same signal will not necessarily have the same result. lots of trading signals spread, but I also don't like it. I prefer to use indicators and learn about their strengths and weaknesses, so that they can develop and eventually become a trader who produces consistent profits. but don't forget to be disciplined about the framework we have planned |
|
|
|
There can be two scenarios. In capitalist system, we will be having 3 classes of people - around 5% who are rich, another 90% who are in the middle-class with a relatively comfortable style of living, and then the remaining 5% comprised of "poor" people. The in socialist system we will have only two classes of people - 1% of the population will be ultra-rich (mostly the ruling elite) and then the remaining 99% of the people will be poor. It is up to the people to chose which system they want in their country.
I see. indeed it cannot be separated from the point of view of the government officials who set it. in my country using a capitalist system, which means it is impossible to eliminate the poor, the poor will always exist due to inequality. Even though the state has guaranteed it in the law, the evidence is that until now there are always poor people, and the number can only be reduced |
|
|
|
But the tweet won't work if no one will believed it. Somehow it only came out good because he has the background of a billionaire which also defines what he does and people will try to do the same.
Yes indeed, without his background his tweets are nothing, Elon Musk is Elon Musk, a celebrity and a billionaire, every people whose life is lukely under him will believe anything he says and they'll ride on it. This is just a proof that Money=Power, it defines your capabilities, it severes the market IMO, it is deeply a shit.
I remembered some tweets being sold, and I'm like " wtf?" Good waste of money from degens all can not be separated from a background. when ellon bought bitcoin in bulk, he announced it, which means the tesla company legalized bitcoin, and at that time the effect was seen until bitcoin reached the peak, and finally he made a statement that was the opposite, so bitcoin reached an anti-climax the second time ellon's statement seemed to be followed by the trading community. but after this whether his words can still have a big influence..... |
|
|
|
You must understand that not everything cheap is worth it to be bought, specially in huge amounts. That mindset is just wrong. Although it is quite evident how good of a currency the us dollar is, looking at the economical state of the US right now makes it less appealing to me. And with the hype of the cryptocurrency industry, I would rather invest here than on the US dollar. But hey, just because I or most of the people does it, doesn't mean you also have to. Each to his own, invest on which you feel most comfortable about(by comfortable, meaning you know what you are doing and aware of all the peos and cons).
for me there is nothing wrong if we want to buy when the price is already in. but there are some that we must pay attention to, among them we have to see if there is any support that can be used as a reference. besides that we should not spend capital to buy at one price, we must anticipate if our analysis does not work, so we remain calm to take risks |
|
|
|
It is interesting that El Salvador has made this determination, honestly the president of El Salvador has always been a very reasonable person and worthy of doing great things. In 2020 the pandemic was just beginning, it was the only country to lock itself up on time, and there was not a single infected, now if with this measure the country opens up in economic matters, since it will be the pioneer country in the adoption of BITCOIN, it is something that many countries do not have the decision and determination to do, this can bring much more volume to the market, a wise decision for this country.
Now as it says in the article, it is necessary to wait for the congress to only give the go-ahead and they can prepare for a large number of movements through Bitcoin, this can give a great pump to Bitcoin, it will undoubtedly be an engine to boost the economy and will have a great tool for them to cope with inflation.
Yesterday the bitcoin law was passed at El Salvador making it the first country to proclaim bitcoin as a legal tender, this is a step on the right direction and it is a sign of things to come, it is going to be interesting what happens during the next years, if El Salvador remains as the only country to declare bitcoin as a legal tender then there is a chance that a great deal of businesses related to cryptocurrencies decide to move to El Salvador bringing a lot of money to their economy. https://www.cnbc.com/2021/06/09/el-salvador-proposes-law-to-make-bitcoin-legal-tender.htmlGood alternative has been made by their government since it can open more opportunities to their citizens and investments. Now that they accept it their country got the spot light and this is a great boast not only with their financial system but in tourism also since I believe rich Bitcoin holder will possibly visit the Bitcoin friendly country. when other countries are still in the stage of considering bitcoin, but elsalvador seems to dare to appear first as a country that legalizes bitcoin. besides the tourism sector, I think that elsalvador's goods will be easier to reach all countries with this system. So hopefully in the future the country will be more developed |
|
|
|
Bitcoin is really for everyone in which means that even the poorest can have a single amount of bitcoin in which they can buy over the wallets or exchangers and etc. This means that bitcoin is really for everyone and not only for rich people. Bitcoin stands for the people so they can acquire it anytime and anywhere in which it is very accessible.
I don't think that bitcoin would suit those poorest, there is still no assurance to earn in cryptocurrency because of the volatility, so those poor people who only earn little amount of money which is only good for their daily needs, like food then I don't think that they are going to put their earning at the risk instead of buying it for foods. Yes bitcoin is for everyone but still we need to consider their status in life first, not all can afford to buy bitcoin and not all are willing to take a risk. Although bitcoin is for everyone but that doesn't mean everyone can make a profit with bitcoin, Besides that, the high risk is certainly not something that is easily accepted by everyone, So I think everything has its own way for those who understand the bitcoin market, of course they will feel comfortable making money here, but for those who do not understand bitcoin, and understand the risks of course prefer to leave it. and the most difficult thing when people only see someone's success with bitcoin, while they don't understand and want to get a lot of money in a short time, so the gambling begins |
|
|
|
"Financial independence is the status of having enough income to pay one's living expenses for the rest of one's life without having to be employed or dependent on others. Income earned without having to work a job is commonly referred to as passive income."https://en.wikipedia.org/wiki/Financial_independenceAccording to the above definition, I see financial independence as passive income. And McAfee saying that cryptocurrency is the only path to financial independence is not entirely correct. We have many avenues to financial independence such as restaurant business, real estate investment, stock ownership, bank deposit... So we have many ways to be financially independent, not just in the field of cryptocurrencies. Cryptocurrency can bring quick wealth, but this market also brings many risks for investors. sometimes you don't expect the words coming from someone who has it all like mcafee. once independence is achieved that's when you be proud of yourself. you'd find yourself confident in talking to someone where ever the discussion goes when you have financial independence. It's what everyone should achieve and become a man. mcafee almost has everything in his life but seems to have messed things. now it's not just independence taken from him but also freedom. Independence of thought is something that we need to practice through experience and learning. Many people are influenced by stories from famous people. I am very worried about this because the other people are not sure to live up to their statements. All is just for reference, we are the ones who discover the world and find the reason to live for ourselves. McAfee used to be the epitome of crypto believers until they realized his profiteering in the crypto space. In the past, if there was a project that used the McAfee name, it was certain that the project could reach a hard cap, but gradually there were several scam projects, so that the name seemed to sink. I think we must learn to think logically in the crypto world, so as not to become food for people who only care about personal gain |
|
|
|
When the going is good in cryptocurrency market, you rarely think of huge risk you are taking when you enter a postion base on sentimental reasons and market situation! It is important to make sure that your risk / reward ratio is moderate! It hard to recover losses than preserving capital!
taking into account the risks and rewards in trading is needed every time we transact. By knowing that, we don't just focus on profits which can sometimes be depressing because we are too sure of the analysis. with the calculation of risk, then we can think logically, that in trading we must dare to accept losses if our analysis is not appropriate. |
|
|
|
They still have the volumes and there's still traders who use this exchange, though no longer the same with
how hot they are way back, Binance and other competitors are now more popular than Bittrex, sad part is
when they implement and force every users to complete thier KYC.
I think that is okay if they had to survive,,, and it explains why everybody who did not want to use kyc went over to Binance. I personally do NOT really mind KYC if it is a service I use a lot and want to keep using and of course,,, one that I need. People do KYC for aidrops in this space though so crypto people are hard to understand. with its reputation as the best exchange, I don't think kyc is a problem either. especially when used for good purposes. with kyc the exchanger can find out that the customer is really valid. but indeed we have to choose in handing over the KYC, because if it falls in the hands of irresponsible people, it will be misused |
|
|
|
|
Bitcointalk Username: andriarto
Current post count: 1187
Merit earned in last 120 days: -
ETH wallet [Address Must be from MetaMask wallet]: 0x4CfeA64afBCEd0295A4d6776EAe992c33aAE7369
|
|
|
|
The Psychology of Reversal probably only occurs short term if we keep checking the prices too often. I mean right after we buy or sell the chances are probably 50/50 for the price to move in our favour or against us. While it is important to check prices regularly, we shouldn't worry too much about short term gains or losses in my opinion. It is better to trade for the long run. Crypto currencies tend to move in cycles, so if we make some loss this year, we will likely recover next year. Instead of selling while my coins are red, I tend to just hold them longer and sell eventually with at least some profit.
if we want to hold it for a long time, I think the first thing we have to choose is a good coin, so that it is certain that there will be no scam projects. indeed short-term trading requires skill, and not everyone can do it, especially for beginners I think long-term trading will be better |
|
|
|
|
Show Posts
