I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?
First of all, I would like to declare that Day trading or any other type of trading style is nothing but skills made from tons of hard work and practice. I would like to say that day trading is different from holding the trades and for that you need to have different trading approach and mindset because here you need to be proactive to do whatever it takes to be successful here in day trading. I don't say it is impossible to do so but yes it is little tough as it here you need to take a number of trades comparing to holding and number of trades mean an increase in stress and work to be done, but if you are really passionate about day trading and you have the right skills then you must go for it. |
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I think now is a good time for investment , the market is gaining momentum ... it is necessary to use the moment
For investing in ICO every time is a good time to invest, but you just need to make sure that the ICO where you are investing your hard earned money is a good project.Right now the market is gaining momentum because of the increase in demand and volume is rising from past few days indicating the rise in participation which is a good sign for overall investing sentiment and I am sure that most all the ICO's trend to move as per the market sentiment for starting days and then they used to go as per their performance and management. |
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It is your first post and asking for people to post this links instead try to spend some time on this forum and explore yourself then you will come to know many things.
First, read the forum rules and what you can post and what is not allowed on this forum.
Later you can explore service section where usually signature campaigns are posted.
You are still a newbie here and I would like to guide you that you better take some time in reading & understanding the forums rules and regulations and before joining any campaign make sure that you have sound knowledge on posting good and high-quality content. And by the way, I don't think you can join any signature campaign at least for next two months because there is less or no space for Junior members and for you to level up to member rank will take big time along with some big efforts. You better try to join any Bounty campaign where you can make some good income using your social media accounts and signature campaign under the bounties. |
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There is an ico from the Krypital team: Merculet. The project of this team was quite successful before: Cybermiles, Arcblock. Do you think this is a good ico? Should continue to join ico in the moment?
It totally depends on you because if you think the ICO project is good and it's having quite a good potential to give you good returns on your investment over there then I think you should go for investing in ICO and if you don't have confidence in the Project members and if you think that the managing team is not active then i think you should not go for investing in that ICO. There are many other ICO's something like Domuscoins which is having less competition and it is the only best ICO project available in its own Real estate sector. |
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Thanks for sharing the Historical chart of BTC and yes you are almost correct that BTC tries to recover mostly after it crosses its previous peak. I have always been tracking the Technical charts from past few months and I have seen that BTC always start rising from the point where panic ends and demand start to rise and this is demand slowly increases and it will only burst after the previous peak is been covered and it will create a new high point by strong and speedy price action. Anyways right now the correction is also indicating that we should expect to see the rise sooner.
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Well, Telegram is an application which was used by the majority of Crypto traders in order to gain daily updates about their tracking ICO projects and every other information regarding ICO and bounty programs which I can see a hot topic in this forum. I am really lucky that I am not a Russian citizen because banning the Telegram app would have affected me a lot as I am using it on a daily basis and it is one of my major marketing tools which earns me a good income on regular basis. But I am sure that my Russian friends would find some other way to market and get information for their respected ICO's and Crypto projects. |
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The Indian Government is screwing with blockchain and cryptocurrencies. This country is not letting people trade cryptos, you think they'll come up with some viable solution
India had stopped exchanges and financial institutions from dealing with crypto not because they think it is not viable but because they lack trust in crypto and I must say I agree with them because it is highly volatile, unregulated and filled with scams. It is not the fault of crypto but the fault of people doing the scams. I don't know why India is failing to understand this but I think soon they will recognize the true potential of Blockchain. I guess this is why they want to use the blockchain technology to combat the fake medicines in India. |
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The first few months of a year are said to be bad for crypto as the history shows us. The last year was the same in this case where BTC did not grew much until the first quarter of the year and then gradually started to rise with almost 19 times the price at its peak price. It had to come down because it was overbought and a correction was necessary to stabilize the market. Think of it as a resting period for BTC and the crypto market. The next 2-3 months will show us whether the same rally will begin this year or not.
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The market is slowly rising (not so slowly actually since BTC raised $1k in just 15 minutes  ) . As per the experts, the price might spike up even higher in the upcoming months. So right now would be the best time to buy yourself some potential coins. BTC is obvious to rise up with ETH rising giving more returns than BTC according to me. I have invested in both of these coins so that I don't miss the profits in them. Apart from these, EOS and ADA are quite potential to give more double if BTC crosses $12k within a few months. So investing in them might return good profits. |
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Yes indeed. It had been long since BTC was facing a decline. We all knew that Bitcoin will pump very soon and I must say that BTC has taken its time quite long to arrive at this pump. It had pumped 2-3 times to $8k but then had fallend back to $6k disappointing all of us. I hope this time would not be the same. If BTC holds the price this time then it might be the beginning to the new ATH of this year. All those people who sold at $6k - $7k must be feeling sad seeing BTC rise again but they must know that it still is a good time to buy back since it will surely cross $10k very soon.
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I think a good trader always have a good strategy to trade himself to apply. I do trade for not so long time. I got a lot of experience I think. I have passed many times on the market. so I want to say few step on this downtrend market and let me know your experience as well please..
* Keep patience. don't get panicked.
* Wait for the right support moment to buy coin if you have to money to invest cause market on so down it will move for sure and then it will give you much and more profit then loss.
* Try to understand the technical analysis. where the support level is.
* Don't sell your coin on loss. Try to hold just wait for a move.
* Crypto is always a magic so please be patience it will move up on uptrend after all FUD.
Let me share all your important experience and ideas please
For the sake of the newbies and average joes out there, I would like to thank you for sharing these important tips in this bearish market. I can somewhat relate to those who have bought last year and experience huge losses in the great Bitcoin crash starting mid-January until now. Like my Trade.io, I have lost almost 1000% of my holdingsm but I keep hanging on until the next bull run since they have an awesome and promising roadmap and future project developments. Yes, it is surely a good read for the beginners in the crypto community. About technical analysis, according to me, it does not make any difference because the market will go in decline if it has to and so it does not depend on any kind of technical analysis. Psychological analysis does play a good role when it comes to predicting crypto prices as most of ups and downs happen due to people's emotions which can be predicted through psychological analysis. |
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As a matter of fact, it is very few number of noobs in the cryptocurrency business that understand the level at which patience is required and valuable in the business. I do tell my friends around me that wish to come in to the business “it’s only patience ones that would feed from the milk of a lion” . I bought some coins few weeks ago, which I decided to hold while it was dipping but I keep holding with zero fear and absolute patience. Presently, i’m In over 47% profit in all. My advice to my colleagues is all you need is buy into coins with good potential and relax even while it’s at dip. Trust me, you won’t live to regret anything if only you would be able to hold with patience. Thanks
Very well said. People nowadays don't realize this and are eager to gain money out of their investment. They buy coins out of eagerness when the price is high and then sell out of panic when the price goes low. We have noticed many times in the crypto world that whenever BTC or any crypto spikes up, it has to go down for a while so that it may rise again with greater stability but people yet sell in the decline thinking that the bubble is popping. If they would hold their coins patiently they would earn more money than their regular job pays them. |
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Conversion of Bitcoin using PayPal is not that popular among users and not secured for sure. Besides, I don’t think India has banned Crypto, they have forbid Banks to deal with Crypto, which we do not exercise already. I think exchanges are best possible solution for now.
Yes you are right about " India not banning crypto " . It was a misconception which the people had regarding the RBI statement. They interpreted it in a wrong way. Although India has not banned crypto yet, they still have told the exchanges to stop dealing with crypto which is still an issue for the traders because they will still not be able to withdraw their funds or encash it for INR (Indian Rupee). Paypal could have been an alternative but I dont find it secure now. There should have been a better alternative so that people could exchange BTC for INR. |
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This is definitely a must read for a beginner in crypto trading. Being a highly volatile market, there are people in the crypto market who lack this kind of experience. I bet everybody would have done this mistakes and pointing them out for the new investors would definitely give them an edge and would safeguard them from making the same mistakes.
The last point is the most important one and can be seen in the current market as well where people tried to sell their coins because of the decline.
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Bitcoin was not much popular until 2012. It was after that when people started taking interest in it. It became globally accepted since it was decentralized. People then started to use it for illegal things which caused its price to skyrocket and then the big players started to invest in it. They started trading BTC and that is how the big players hold the much portion of BTC. Over the years BTC became more and more popular and it's price started to grow. During the beginning of last year it was around $2k and then it spiked up to $19k and then dumped back. The correction is over now and BTC must rise again now.
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Some renowned Analyst has declared that Bitcoin will hit 25k this year!
Don't worry Guys! as yesterday bitcoin has pumped to a record-breaking volume within two hours.
We will reach to the Moon!
Have faith.
Well this might be true but we should be dependent on it since no predictions in crypto are accurate. Technical analysis or whatever it is, it does not rely on crypto because crypto acts on news and events in the present and depends on the supply and demand. I do think that BTC will cross $20k by the end of this year. It has been long since the BTC decline and yesterday was a great pump in the crypto market which made almost all the potential coins green. This might be the beginning of the great pump of 2018. |
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Its been already a few days with most of the market in the green. Should we expect ETH bounce to 1000$ soon? If not whats the reason?
Yes the market is going green but nobody really knows how long the market will stay green. It is obvious that it can't stay green for a long time hence we should beware of what we are doing. Right now the market is gaining speed and if you had already bought your coins then you must pretty much hold it. I dont think we should be buying right now since it might just be another pump and can dump more later. |
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Now people are openly posting here that they want to " Create an ICO" just to earn money from that. People like this are the ones who turn their ICOs into scam juat so that they can steal other peoples hard earned money. OP clearly does not have any aim towards the ICO and rather than developing his own knowledge of crypto he is into making money by scamming people. It is important to always come up with an enticing and usable product and that is the only way to get real investors these days and it is good the OP is already afraid of even starting and he needs to realize what he is up to first.
Yes, i dont know what's wrong people. Why do they do this. Rather than gaining knowledge and using the r8ght opportunities, people turn their heads into wrong directions. |
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Bitcoin has been known to increase quickly as the history has shown us how highly volatile it is but I dont think that this is because of any good news or regular growth. I think it might be a pump from the big whales because a growth of $1000 in 10 minutes is not usual. This is either a pump from the whales or the sign of the next rally to the moon which we have been waiting for since so many months.
Beware and hold your coins.
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For the moment, I do agree with you. The sudden spike in values of almost all crypto coins and tokens shows how extremely volatile this market truly is. This could be the bull run that everyone have been waiting for anxiously for quite sometime recently, but I am not so sure myself since there is no specific good news related to this spike and this could simply be a bull trap. However, the market does not always exhibit spikes due to specific reasons which is why I could be wrong and this could indeed be a bull run. Whatever the case, I am HODLING all my coins patiently for the long term.
Nah man ! I dont think this is the bull run which we all are waiting for from the past 4 months because this spike has been experienced quite a few times in the last few weeks. As you say, this might be a trap from the big players so that the small investors could start investing and pump the coin. Until the spike does not cross $9k I will hardly believe it to be the bull run. Until then its just a usual pump for me, which we should all just ignore. |
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