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To be successful in Cryptos adoption of hodling policy is the most outstanding requirements, recall when the price of bitcoin was low few years a go, imagine how successful and rich the hodlers of btc are now and I am very optimistic that the present hodlers have a brighter prospect despite the state of the prices of Cryptos ( bearish) now.
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Getting the opportunity to buy some of these cheaper coins is very rare just because they are many of them out there, of course research and taking calculated risk having streamlined your investments to five coins which has a potential brighter future just like TRX, XRP e.t.c
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Bitcoin is a crypto currency, all currencies make upward and downward trends from time to time. Bitcoin is and other Crypto currencies are taking over the world economy. See every dip as an opportunity to buy more.
Invest now and smile at moon
Patience is the key when it comes to bitcoin and other Cryptos, years back bitcoin has been the hopeful to the hopeless just by hodling which eventually became the leading Cryptos globally, I foresee another prospects for hodlers of Cryptos just as last year pumping of btc and ripple recurring again I am keeping hope alive. |
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These are the basics as far as TA is concerned in trading in fact resistance, support and trend lines has been very helpful plus Candlestick patterns formed at those zones e.g hammers, bullish or bearish engulfing bars and pin bars, these are very profitable candles which can aid perfect trading system, and avoiding all those colourful indicators that lags with the price.
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Sign here if you will also agree to boycott all bounty campaigns that do not pay in BTC or ETH.
From the look of things it seem you had a bad experience with a bounty campaign, you should have inform the forum your problems before taking a firm stand against bounties not paying with btc or ETH, we could have learn from your experience and find ways or solutions to future occurrence if you had not been paid after completion of a bounty campaign. |
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There is no statistics to proved that the recent fall in the price of bitcoin is as a result of Eid of Muslim celebrations considering the ratio of population of Muslim hodlers to other hodlers is quite small and for the fact some Muslim faithfuls might have exchanged some btc to fiat I believed that wouldn't have any impact on the price of btc.
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I'm in a fix! I took a quick loan to invest in a certain business that went really nasty. Used my only car as collateral. I only have less than a month to repay. In a nutshell, I need $5000 in less than 30 days. Got only $200 remaining. I know this is quite challenging but...I'm desperate. Any ideas on how to grow my $200? Cheers!
It will amount to taking a high risk by trading with $200 in order to recovered $5000, honestly gambling is not even an option while trading with the said amount means subjecting that meagre amount to unfavorable risk trading, my advice is to seek an alternative source of income to repay your loan. |
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Its obvious the rate at which people will gamble during the world cup will increase tremendously thus boost Price volume of whatever crypto that is mostly involved especially btc, I can see the price of btc increasing and looking at today's chart there is a sign of price recovery as world cup takes off today.
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It could be absolutely very challenging to target $1K monthly income due to the instability in the prices of Cryptos, although a good trader with a huge investment for trading might be able to make such a profit without necessarily taking a much risk and can be perfectly achieved with a good trading strategy and money management.
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In crypto trading our choices and decision are as important as the profit we come out with in the trades, but to be the best we have to perfect those choices.
Many people are familiar with buy and hold as a good strategy to make profit, of course this has been a good strategy for many, but for the day traders who don't have to wait all this long on a single trade, they have to follow a different other method which is buy and sell when they are at certain smaller percentage profit. But when you combine this two methods in your trading you tend to make more stable profit than anyone using only one approach.
Feel free to share your thoughts and experiences on this
It will be quite easier for a layman or newbie in crypto trading to just buy and hodl rather than trading else there is a tendency of losing the whole investment however a professional trader will combines hodling as well as day trading which requires some skills, of course he has every opportunity to analyse every trade before pulling the trigger for a buy or sell. |
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Btctalk name: gabbie2010
Rank: Sr. Member
Current post count: 1180
BTC Address: 3LtWp99ruKMScM2HXsM8FJ2LoLcPtsp4Rg
ETH add: 0x832CB9F14eD6E18C0c639a8E875e84e2E5472C58
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The price of bitcoin is very difficult to predict this days due to the whales manipulations checking the chart I discovered an unusual long bearish candle which could have been formed by forces of fundamentals e.g whales however an unusual bullish candle can also form thus triggering an upward movement to $7K+ that is why predicting the price of btc is very challenging and unpredictable.
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That feature of "trust" makes blockchain technology outstanding and its decentralized features also its capability as a solutions to the societal problems e.g chain supply, voting system e.t.c will triggers massive adoptions of this technology although there are a lot of hurdles to be crossed to enable this technology to fully rooted globally.
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I firmly belief in blockchain technology as a tool that can solve many societal problems, Korean government is now utilizing this technology in voting system, this technology will solve many problems of election riggings which is mostly common in African countries and there are many other areas where this technology when fully deployed will bring succour to the lingering problems.
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I only involved myself with projects that has future potential thus I never panic when the token is listed in an exchange, although massive dumpers will temporarily results in drop in the price however the numbers of bounty participants are smaller compared to the overall investors therefore I remained focused hoping for 2x or 3x in the price in days ahead.
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Without any doubt I strongly believed that Cryptos have come to stay and will continually wax stronger going by the massive adoption and usage of it.
I felt relieved and save in hodling my fiat in form of Cryptos in my wallet rather than saving it in a bank and I am very sure a lot of people will agreed with my views as far as hodling Cryptos in a wallet is concerned.
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Bitcoin being a pioneer in cryptocurrencies has been in a forefront in the massive spreading of cryptocurrencies people are getting more interested in the use of digital currencies which lead to the increasing in demand and adoption of Cryptos in fact more countries will likely join the train in the usage of this evolving trend of Cryptos.
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In forex trading there is an option of demo where a trader will have the opportunity to practice using virtual money this will enable the trader to perfect his trading skills meanwhile some mt4 forex platforms had also incorporated Cryptos where a trader can test his skills and after consistent profits making he or she can go into live trading.
Trading is not just buying and selling it involves a acquisition of both technical and fundamental analysis.
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Excelling as a crypto enthusiast requires three basic things
- Patience
- Vigilance
- Hard work
These three when applied to every aspect of crypto, will enable you the get the best from the crypto space.
Most importantly hard work this entails making researches, reading articles on Cryptos online, especially in this forum, getting latest updates on Cryptos related news. Patience is another key factor in Cryptos which encourages hodling the coin and with time there is the possibility the coin appreciating in value. |
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Gradually the adoption of blockchain technology in Africa will be accomplished in a very shortest period of time, south Africa had really made an impact already and had been in forefront sustaining it now Uganda is coming on board having blockchain endorsed by the president, the conference host Kwame Rugunda and chairman Blockchain Association of Uganda had highlighted the benefits of this technology across all the sectors of the economy if potentially harnessed and how it going to boost the country economy I hope other African countries will follow suit.
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