As the world population is increasing on daily basis thus so many projects are created using blockchain technology related Cryptos which serves as a solution to the societal problems in form of decentralization e.g using this technology on binary, freelancing, music, exchanges e.t.c invariably prompted the creation of thousands of Cryptos personally I believed as the Cryptos popularity increases the more people will adopt the relevant Cryptos that is suitable for their needs.
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I am not yet sure if TA actually works with crypto currencies. I haven't had any success with pure TA so far. However fundamentals and news seems to do better job at predicting the price of a crypto.
Or Am I doing it wrong? I tried a simple RSI strategy to trade and it didn't workout well.
Should I even bother with technical analysis when it comes to cryptos?
A good trader will not rely only on Technical analysis alone he had to incorporates fundamental analysis to his trading system, fundamentals is the driving force of all markets Cryptos, forex, spot, commodities markets thus TA is just like a guide and in most cases Cryptos markets does defies TA e.g when the whales dumps btc all TA fails.
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Day trading entails being an experienced trader equipped with all the trading analysis considering the fact that Cryptos are highly volatile especially when trading with lower charts of course this is not gambling else a trader will be in losing side all the time.
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When I started with Cryptos I was always in fear and panicking to always dump btc at any moment of crash in the price of btc then I was not fully informed that I was indirectly contributing to the crash however having learned much about Cryptos now I never panick any more in any event of price drop.
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Facebook, bing or whatever companies creating their own crypto are all imitation and wants to rival bitcoin and other related coins which I belief cannot match btc in all ramifications, of course their coins will surely be centralized which will put off potential investors.
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Kuwait Finance House (KFH) wants to capitalize on the centralized features of ripple this coin will go to places in the nearest future as more financial institutions are getting involved in XRP thus the market capitalization will increased as well as its market volume traded.
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Individually as a hodler there is nothing we can do to thwart the whales from manipulating the market and the most annoying is that when they dump btc they usually create FUD thus encourages many smaller btc hodlers to dump too out of fear, personally I don't entertain any fear again as I have a firm belief that whenever the price of btc crashes due to whales activities it always bounce back.
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Kudos to President of China Xi Jinping for acknowledging blockchain technology this statement will reaffirmed China commitment towards harnessing the potentials of the technology to the betterment of their citizens, I hope other Asians will emulate China.
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Keep hodling your coins just as I believed that the first six month this year is not a favourable to Cryptos based on statistical data, dumping them will do more harm than good to the prices, I know that there is light at the end of the tunnel as more people adopt and invest in Cryptos the more the demands invariably results to an increase in the prices.
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I knew about crypto at the end of 2017, after a short time increase and make people crazy to invest, everything is down now. I'm not a trader, i'm just a holder, but i'm still afraid of the sign of market recently. Will everything be changed in next year? or several years later? Can i still invest in crypto?
There is no cause for alarm as far as the future of cryptocurrencies is concerned going by the ratio of people who are into Cryptos to the global population it is relatively low thus as more people gets involved in Cryptos the more its waxes stronger and hodlers like you will be secured.
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Kudos to Czech republic for being friendly to the use of bitcoin thus reaffirmed the country commitment towards adopting and accepting bitcoin as a digital currency by the provision of more bitcoin ATM machines I hope other European countries follow suit so as to promote btc all over the world.
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Hello guys, how to start trading on the crypto exchange? I would like to hear the opinions of professionals people.
Before starting to trade I guessed you must have learned every aspect of it both technical and fundamentals analysis, thereafter you should google for exchanges that allows demo (practice trading) or try poloniex, binance e.t.c fund your account and start trading with a small amount of fund until you makes profits consistently then add more funds into your account.
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Whatever decisions taken by these world leading economies like US, China, Russia, France e.t.c as regards Cryptos e.g bitcoin will definitely have impact on it, recall recently in some Asian countries there many clamp downs, bans, regulations on bitcoin which affects btc survival and sustainability in those places however the more friendly those countries are to btc the better as a world leading economies.
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In a decentralized digital asset no government can interferes with the system thus making the system uncontrollable by any authorities but it can only be regulated or outrightly banned by the government. I prefers a decentralized form of digital assets to a centralized system where the authorities will take control of the asset there is likelihood of manipulation by unfaithful and corruptible powers behind those system
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There are reported recurring cases of mining attackd on verge recently I hope the technical team behind this coin will find a lasting solution to it so as to prevent future attack as more investors are coming on board to invest in XVG so as to facilitates it growth this year.
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From the look of things it seems this year is a bad for bitcoin as far as price is concerned we are getting towards half of the year bitcoin had been crawling so far, Spencer Bogart is still positive and optimistic about btc reaching $20K because it is still institutionalized, but for how long will this continue?
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I wonder why some people fall for this deception in the name of ponzi schemes obviously it shows how greedy some South African are, in recent time MMM defrauded many people in some African countries which was well publicized, a whooping $80 million Worth of bitcoin gone into the drains another way of tarnishing the rising image of bitcoin, the police should investigate and man hunt and bring to book those individuals involved in the scam which will serve as a deterrent to others.
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Professional traders also trade and loss despite being an expert because market is no respecter of anybody however with a proper money management and a working strategy the losses will be recovered based on trading with a risk to reward ratio of 1:3 and trading with an amount you can afford to lose.
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This is a landmark ruling against Reserve Bank of Zimbabwe, the economy of that country is in comatose battered by maladministration of former ruler Robert Mugabe thus leading to hyperinflation while the people resorted to bitcoin which had brought succour to them and cushion the effect of harsh economy while Golix the most popular exchange which had been servicing the people was unfairly banned by the Reserve Bank.
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Supply and demand plus news moves the market however charting analysis will indicates the most appropriate time to buy or sell based on indicators and candlesticks formations thus it is mandatory or compulsory for a trader to be fully equipped with both technical and fundamental analysis
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