It is really annoying to pay big amounts as transaction fee. Today myself encountered a pathetic situation. I was in need of money, and my wallet had $400 worth of TRX. I wasn't able to change it directly to fiat, and for this reason I deposited the entire TRX in an exchange and traded against bitcoin. Now on withdrawing it exchange took a transaction fee of 0.0009 btc and what is left is around $350 worth bitcoin.
If this is the scenario surely then we can't make a plan with what is available in the wallet.
Please post the exchanges with the low transaction fee and good trading volume. Maybe next time it'll help me.
Maybe my question is, in where you change your bitcoin to fiat and it is an exchange or p2p. Because if p2p and only accept btc, maybe you don't have any choice. But if there are some coins allowed, pick on USDT can be alternative. Because some chain only cost $1 of USDT to withdraw from exchanges. For example, my local exchanges allow some coins, when i withdraw from binance i use USDT on BSC or TRX network with only $1 fee. |
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About not much people talk about spot, maybe because trend almost changed. Spot trading already been used by a lot of traders in past, which there are not much exchange that don't have future trading feature. But now, i think people look site which give them faster profit although they know risk behind it is higher. But i am personally still on spot trader side, especially i am easily to get panic even in spot, will be hard for me to catch up market movement in future trading.
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Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?
Honestly sometimes i think how if there are no more people who believe in bitcoin and cause it to be no value, but i am in crypto almost 7 years start from 2014 and bitcoin still survived until now, and wonder bitcoin is already created before i joined. But in case people afraid but want to try, just like other investment types. Use only money that we can afford to lose, not only about decreased value but for possibility another bad things that can come anytime. |
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Atletico is my favourite in this match. Diego Simeone is very intact with his defense although they have conceded 6 goals in the league so far, but I hope they will be able to turn it around. And Suarez and Griezmann's duo having Felix just behind them is very deadly in the final attacking third of the field. Marcos Llorente has also been playing quite well since the last season and Koke is almost flawless in the middle of the park. Hoping they will give us an interesting match.
In my opinion, group B is a hell group compared to other groups because the group is inhabited by 4 big teams this season, and all teams have the opportunity to qualify, so it is certain that each team must be able to maximize every game available to get points, Atlético and Milan matches will be a crucial match for both teams, because in the previous match both teams got quite negative results, especially for milan who lost in their first match, I think the match will be very fierce because it can be ascertained that both teams will play totality to get full points, especially now that Milan will reportedly be strengthened by one of their core players, namely Ibrahimovich and of course it will make Milan attack power very dangerous for Atletico defense. If it's true that Ibrahimovic plays I will bet on Milan not the slightest doubt there Atletico not in good form at the moment While Milan has several advantages playing at the San Siro in front of their own fans will increase the confidence of the Milan players |
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Usually i will only tell them, bitcoin is more like fiat. You can earn it with any ways like trading, offer some skill, gambling and anything else. Not only good ways to earn bitcoin, but bad ways and maybe risk if made investment in bitcoin and then tell them to google it by themseld. I will only show people what i only know because not want to give false information, and usually people around me not interested about technology, only how to make money with it.
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Inflation is really kicking in, the cost of things are getting really high in the market and its not even december yet, its effects are evident on the price of food stuffs, transportation, electricity bills, gas bills and others. How are you handling it and how has it affected your savings/your percentage for investing (if you have one)?
Have you had to cut down on your expenses so as to maintain the percentage of your income you allocate to savings & investing?, Or you have adjusted the percentage for savings and investing so as to accommodate and maintain your standard of living?
Gladly i am not really affected by it although pandemic attack my country too. My company still opening although sometimes we're work from home and i know how other people suffer, beside spend for daily living and saving it, i can help others around me although it is not much. For now what people need is help from another and not only people who show their wealth to others who suffer. |
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I think will almost same like in spot trading, whenever someone profit there are someone who lose. We can see everytime market made an extreme movement, not only people who show their profit but people who show that they are liquidated. But maybe how it is done exactly, there are Binance employees who can describe to us here.
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Hi all, i was wondering, what are the top sources i should be keeping an eye on, to spot future trends such as shib and cardano?
As im pretty novice, and not up to date on things, i only learn about certain coins when they start hitting exchanges and mainstream news etc,
by which time it is usually already 'too late'.
So what 3 sources should i keep in a pinned tab, and keep my eyes on daily, to catch early coins ?
Try to join some telegram groups, although mostly need to be premium members i think. But me personally not join any of it, usually my friend who announce if there are new coins that listed in uniswap and it's SC and he get that information in telegram too. |
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This is not financial advice of any kind.
Yes, that is a very probable scenario.
As I said before until ETH 2.0 upgrade, Ethereum is probably the safest bet out there.
It’s getting more scarce each day with a burning mechanism, it is still Proof of Work blockchain and more than 30% supply locked until ETH 2.0.
Only a few months left, maybe need big pump for bitcoin to made other altcoins can be pumped too. Or maybe until end of year, it will be better if price keep stable first and then accumulate for next pump. Like what other perople said, small possibility it can happen unless bitcoin get big pump first. |
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We all know about huge transaction fees, not the most convenient scaling and the difficulties of entering the ecosystem. Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?
There are BSC which a lot of people mostly already know about it, and there are some chain that be used by new project like polygon and anything else. I think will only need time because a lot of new project already use new chain other than ETH and people slowly but sure will use it. I think that is from me, only need time like BSC which now have a lot of tokens that use this blockchain. |
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New traders always try to eliminate losses and see losses as something bad. My breakthrough in trading came when I started seeing losses as expenses (business expenses). Trading is a business and you should see it that way.
When I follow my strategy and I lose, I see it a the price I have to pay to get it right, because there is no 100% strategy and since I don't know which trade would be a winner or loser, I detach myself from every trade and execute my strategy flawlessly regardly of the outcome.
Anything in people's mind, as long they never give up i will say it is good. Because a lot of people sometimes think losses in trading is something that they must revenge. I said this because i see some of my friend, every he lose, he will mad and then keep doing trading activity to regain his losses. That can cause people do something reckless because trade need to be calm and not in angry feeling. |
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I will stay at fiat, i think if i get paid in cryptocurrency, i will sell it immediately too. I have already spare some portion of money that i earned into crypto, that is why i don't need to get full paid in crypto because i need to use some money into my daily life. For me, why must do additional work if we can get paid in fiat and just spend it like usual, when i want to buy crypto, then i just can buy it so it is no problem if i get paid in fiat.
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Im a long time in crypto and NFTs took over really fast.. do you guys think the hype will keep going?
Since new NFT platforms appear every day.
What are your thoughts?
Usually hype in crypto is never too long lasted. Maybe this time NFT is still hype but what cause it is not really good at the end is there are a lot of project which only created by rely on hype from previous project that already launched. And mostly what they aim is profit for themself and not for community, that is why some hype usually not really long lasted, like this time which a lot of games launched but only follow the first game launched who already successed. |
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For me it is depends on what trading activity i do. In future i am fixed on single pair trading because i need to focus to see market movement, but in spot i prefer to do 2 trading pair and prepare rest of my capital as back up. With that i think i have more options to do if market suddenly dumped and i still have back up capital to buy more or maybe buy another coins that i think will help to recover my losses and will be good if get profit after my losses recovered.
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Like most of you guys, i have tons of shitcoins in my wallets and trying to look at it from the bright site. I was wondering, what if there will be a market for collectable early shitcoins in the far future. I am talking about rare shitcoins that left some mark in the crypto world like most notorious exit scams or hacked coins or biggest pump and dump coins or first meme coins... I wouldnt be surprised if we see a market for those in 20 years, at least that is how i cheer myself up when i see my wallets  Anything can happen in crypto. That is what is always in my mind. Maybe in future there are exchange that accept all shitcoins and maybe only pump and dump to gain profit. What can be problem maybe the fees which can also bigger than our estimated balance and to send all that coins will need a lot of fees since we can't send it in bulk and should be 1 by 1. |
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Only 1 passive income from opening daily needs shop. I think maybe opening more of it when i'm old. For now i still working in a company and doing signature campaign and trading as side job. Well, maybe still long time for me to be millionaire but i am really grateful with what i do know because both of my job can be done and not interrupt each other.
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If you are going to use a big exchange in the future then you will need KYC. The only other way to get BTC will be on the black market. Would that put you off?
If the only option is black market, i will prefer to do KYC. But there are some people who really insist if not want to to KYC, i think it is not a problem because there a lot of Decentralized exchange that can be use. If in my country, there are some local seller that accept bitcoin and people in here can trade it to fiat. So it can directly sold without access any exchanges. |
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I think that trading is one of the most stressful things.
It is a rollercoaster of emotions and if you do not have an outlet,you will make some mistakes easily.
How do you cope with the stress of trading?
At first i am not really into day trading activity but i know it is stressful especially it is like we forced to gain profit everyday and in a short time of trading activity, maybe sometimes change our trading style into mid or maybe long term investment so we not must to see market every hour or maybe every minute and then set a target in what price we want to sell our coins. Spend money to ourself, to gain our happines is not a wrong thing because we do trading is to gain profit not losses. |
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What are the most recommended methods that one could use to Understand trading?
Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.
There are no spesific method in trading, we analyze by ourself or maybe ask for signal and then trade with our own way. Or maybe if there are method is copy trade which nowadays there are some websites that allow people to do copy trading so we can copy what other people order right after they execute it, but there are no guarantee if we will always get profit in there. |
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