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61  Economy / Trading Discussion / Re: I need to learn techincal Analysis? on: October 10, 2021, 04:13:03 PM
As new trader,  you may be tempted to trade all the time without experience and knowledge to guide you,  you will need to learn technical analysis of you intend to continue trading this way otherwise,  you do not need to learn technical analysis.  Invest in bitcoin with long term holding and outlook.  Holding has been the most successful strategy for bitcoin investment so far.  I think this is the solution that you need!
62  Economy / Trading Discussion / Re: Ruined my account through multiple mistakes on: October 10, 2021, 03:59:49 PM
Self discipline is the ultimate trading skill that I have ever known! It is important to understand that trading all the time will lead to a serious mistake. There is no way you will make the right decision all the time,  there are factors that are beyond your control.  If your strategy works, you should take a break and enjoy your profit before you resume trading!
63  Economy / Trading Discussion / Re: Does Binance need kyc to do any trading? on: October 10, 2021, 03:45:31 PM
Binance is facing regulatory compliance in many jurisdiction accross Europe,  America and UK! This has forced Binance to insist on basic verification of which it has been changed to intermediate verification. If you intend to trade on binance,  you must be prepared to kyc otherwise,  you will not be able to deposit let alone trade!
64  Economy / Trading Discussion / Re: Binance and Coinbase on: October 09, 2021, 01:48:28 PM
Binance made it possible for people all around the world that would have been otherwise be left out in Cryptocurrency trading and investing to have access to Cryptocurrency.  Coinbase on the other hand is located in a jurisdiction where Cryptocurrency innovations and investment is frown upon by the regulators! I think that it is basic difference between coinbase and binance exchange!
65  Economy / Trading Discussion / Re: *Day Traders* are now calling gambling Addiction helplines!! on: October 09, 2021, 01:38:55 PM
Cryptocurrency is an asset striving to provide solutions to myriad of problems from finance to counterfeiting, entertainment to gaming,  and the new kid on the block,  defi and metaverse.  Trading Cryptocurrency is not gambling,  the presentation of Cryptocurrency as a fast money making is!  Many people were made to believe that they can make quick money trading and investing in Cryptocurrency when in actual fact,  they were just gambling. Cryptocurrency is far away from gambling!
66  Economy / Trading Discussion / Re: Bitcoin's sideways adjustment, can you still chase up and buy more now? on: October 09, 2021, 01:10:23 PM
The fear and greed are powerful emotion that makes people do irrational things.  When market dump btc price,  majority of people will sell,  thinking it will dipl further. When the price recovered and those in profit want to sell,  that is when majority of traders want to buy,  and they get dumped on.  The btc market is the place to make easy money if the market is understood!
67  Economy / Trading Discussion / Re: How to understand the market in advance on: October 09, 2021, 01:03:10 PM
There is no genie in the bottle for anyone to know precisely when market will dump or pump.  However,  there are many signal that can lead you to make decisions for the pump or dump.  I will advice that you should start learning about resistance and support couple with other charting tools that will help you take inform decision!
68  Economy / Trading Discussion / Re: Crypto trading signal work or not? on: October 05, 2021, 12:12:28 PM
Cryptocurrency signal group can be found on facebook,  telegram and other social media.  You need to get however that bulk of decision making will be coming from you.  These signal group can only give you there own assessment and interpretation of where the market might be heading,  you will need to read between and make decisions that will be in your favour!
69  Economy / Trading Discussion / Re: Emotions should never be traded. on: October 04, 2021, 08:31:13 PM
As long as you have blood in your being,  from time to,  traders still trade emotion in the market.  I think mastering emotion before,  during and after reading activities come with experience and self discipline.  If you as o trader can not hold the line of your logic against the flood of your emotions,  don't give up,  you will master your emotions very soon as you trade regularly!
70  Economy / Trading Discussion / Re: The psychology of stoploss on: October 04, 2021, 08:22:45 PM
Stop loss usage has been quite popular especially among traders that combined daily job with trading schedule.  Stop loss should be used if you are not going to stay at monitoring your trades.  It's however important to note that during high traffic be it bull or bear market,  stop loss can fail and this should be factored in to the using of stop loss!
71  Economy / Trading Discussion / Re: The joy of trading the spot market on: October 03, 2021, 09:08:54 PM
What joy?  Trading spot market is as dangerous as leverage or margin trade! Your capital can be wiped out as a result of bad trade or other unforeseeable event that could happen in Cryptocurrency.  My philosophy about trading is to trade chart and use different strategy to find opportunities in the market and exit when you are suppose to. You will be fine if you have a rule and stick by it!
72  Economy / Trading Discussion / Re: Looking to buy 100k worth of btc. on: October 03, 2021, 08:57:11 PM
It is more easier to buy bitcoin now than before,  there no reason to buy bitcoin 15% more above market price unless of course there is something you are not telling us. There are many centralized exchange,  p2p, services and Dex where you could buy bitcoin anonymously.    Make use of all these avenue to by any amount of bitcoin you want!
73  Economy / Trading Discussion / Re: Entering the trading market on: October 03, 2021, 08:40:24 PM
Cryptocurrency market is unpredictable and filled with surprises, what you need to do before you start trading is to understand your trading objectives,  what do you want to achieve and how long,  in your estimation based on your skills and experience do you think it will take you to achieve your goals! You then need to break down your trading according to your plan!
74  Economy / Trading Discussion / Re: Why is Bitcoin a threat to China? Is China deliberately imposing sanction on BTC on: October 03, 2021, 08:27:22 PM
China is big controlling machine,  anything China can not control will be removed from the people.  China controls her citizens thought,  way of life even personal decision like how many children you want to have.  Bitcoin is of the most liberating asset,  and China can not let her people be liberated!
75  Economy / Trading Discussion / Re: Losses in trading are nothing but Business expenses on: October 02, 2021, 08:06:07 PM
I agree with your classification of losses in Cryptocurrency trading as business expenses.  I will also like to add that losses is also learning expenses as well.  There are important lessons you will learn about yourself in relation to your trading skills that will be eye opening for you.  If you have not made a loss,  you might have not learnt these lessons!
76  Economy / Trading Discussion / Re: Does Binance need kyc to do any trading? on: October 02, 2021, 07:46:15 PM
Before now,  it was true you don't need kyc to trade two bitcoin a day for withdrawal.  However,  binance have been under the pressure lately to kyc it's users so there could be proper documentation to protect against money laundering and other related crimes.  What that means for users is that you must kyc no matter amount of bitcoin that you trade.  In my opinion,  kyc on binance is very simple and straight straight forward!
77  Economy / Trading Discussion / Re: Do you already noticed about the changing of identity verification of Binance ? on: October 02, 2021, 07:35:51 PM
Binance is getting serious about kyc and the ambition that binance has is making binance to want to comply with authority in different jurisdictions. I was able to kyc and upgrade my account almost immediately after I decided to kyc!  I noticed that the process was very smooth and the technical aspect of verification was very effective. 
78  Economy / Trading Discussion / Re: The importance of support resistance on: October 02, 2021, 07:29:30 PM
Support and resistance level is indicative of different market situations and behavior.  I have found out that support and resistance work too well all things been equal!  Trading along the signal that support and resistance gives can help you to avoid pitfall or not missing opportunity for getting in a position for break out. 
79  Economy / Trading Discussion / Re: I fail in trading on: September 28, 2021, 07:34:03 PM
More than 95% of traders fail in the first five years of their trading career,  trading abilities comes with experience and after many losses.  Trading Cryptocurrency is not for everyone,  if you however continue to learn and be confident in your own abilities trusting you will be able to do what is needed to be done without hesitation,  you will eventually be successful!
80  Economy / Trading Discussion / Re: Before getting into trading on: September 28, 2021, 04:51:34 PM
Trading require you to be realistic of your expectations and your ability to make profit.  If you have not come to terms with your capabilities, you are likely going to lose consistently. So,  you have to be sure and be confident in making your own decisions,  do what is necessary to turn in profit for yourself!
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