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Panic and greed are the two hindrance to earn profit, instead, it always leads to a lot of losses. In trading always need to control our emotion and always learn the graph and price movement. Don't be greedy.
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There are a lot of ways you can earn in cryptocurrency.
Here are the two examples of the most commonly used method
1.) Staking - Staking coins is a way to gain consistent returns on your cryptocurrency portfolio if you want to earn 1% a day. The standard holding period for staking is one to six months, but various fixed periods are available.
2.) Mining - You can profit from cryptocurrency without having to invest any capital. Bitcoin miners are rewarded with Bitcoin when they complete "blocks" of validated transactions added to the blockchain.
3. Trading - if you have enough knowledge and capital in trading, you can get a passive income from it. Just learn first before do trading to avoid huge losses if ever. |
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Time, patience, knowledge and Capital is significant in trading. If you don't have it, better not to trade because I am sure you will only blame the trading when you have had losses and say that trading is a scam. Trading is not a game, Yes that's why you need to learn both technical and fundamental analysis in trading and always manage your emotion.
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The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?
There is NO infinite in this world because everything always change. The technology, the value, the supply and demand keep on changing as the time goes by. In terms of supply, bitcoin is already has a limited supply. In terms of demand, bitcoin adoption keep on increasing that also increase the demand but I don't know how long the demand for bitcoin will remain. In terms of technology, in the future people will create another advance and new technology and I don't know if it is still good for bitcoin. Nobody knows the future of bitcoin but I'm sure that bitcoin will not be infinite as what you think. |
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considering the fact that trading is highly profitable and responds majorly to knowledge and skills, this means its needs full attention and concentration consistently. i have noticed alot of new and upcoming trader gets carried away easily with little profits or loss. this makes many to quit or feel complascent. becoming a good trader is like going to a school, you do all necessary things consistently without any distraction untill you succeed. this is one of the things that i feel is needed to incorporate into trading learning process and lifestyle.
That's true! If you want to earn bigger profit in trading, you should learn both technical and fundamental analysis, put a lot of time and focus, and of course a huge capital. The amount of profit is base on your capital and on how you do trading. Be a good learner to be a good and successful trader. |
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I think now is the right time to invest, because almost all altcoins are at very low prices for now, the altcoin I highly recommend is BNB, because in addition to BNB's price which has almost touched 700$, BNB coin is also a low risk coin.
You're right, investing now is better than to wait three years before you are going to invest. Time is gold, as long as there is an opportunity, you should grab it. Crypto is a good investment nowadays and I believe that it has a bright future. Just find the right coin to invest like those in a top ten from coinmarketcap. |
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The reason for this question is "The Standard for Deffered Payment".
If I want to buy goods worth $2000 and the seller offers a Deffered means of payment. I can pay $1000 and in later months pay the balance of $1000.
Can this happen with BTC, if not now but in the future.
Maybe I want to buy goods worth 0.2 BTC, I paid 0.1BTC, in the later months can I pay the balance of 0.1BTC without paying its equivalent in fiat?
Thank you.
For now, it's impossible. Fiat is the easiest form of payment and doing transactions. Nowadays even we are in a modern world using a modern technology but not all are using it. Although the adoption of bitcoin keep on increasing, we still need to convert it into fiat to use it widely. Maybe soon it will happen. |
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As the first digital currency that become popular and valuable, no doubt that it is still the favorite choice of all after more than ten years of existence. After all, the adoption of bitcoin keep on increasing despite of FUD's and criticism. This is the a proof that bitcoin will become more and more interesting part of crypto.
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Staying in crypto is my happiness because I was able to feed my family through this kind of works and investment either for short or long term. No need to have fear if even government legalized crypto as long as we can still use it and earn from it.
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It is difficult to risk your money if you got it through your hard works and just enough for your daily needs. But, if you are investing in crypto or on stock market, you need to take risk of your money in order to gain profit. But don't risk your money in gambling because I'm sure your loses is greater than your wins. In investing, always reminder that just invest the amount of money that you can afford to lose.
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Bitcoins has a lot of contributions in society. First, it give us freedom from the government because of it's decentralization. Government has no single authority to control it. Through bitcoin, it can also eliminate corruption. Second, you can transfer your bitcoin with no restrictions and without involving any third party. Third, you can save Bitcoin in secure storage or a digital wallet with your own password and private key. It means, you're the only responsible with your funds unlike in a banks that you use it as a third party. Fourth, you can exchange your bitcoin into a fiat currency easily if you want to cash out or spend your bitcoin. It is convenient to use bitcoin and can make a transaction anytime, hassle free.
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Holding are good for those with huge capital and can wait patiently for long term. Also for those who don't have enough time to do trading because trading needs a lot of time and knowledge to evaluate and analyse the market. Both trading and holding are profitable but it is still depends on your capital, type of tokens, patience and knowledge. It depends on what you are going to choose and you think can help you gain profit.
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for now I choose binance because it has several advantages, where there is a smart chain binance network and also from this platform I can make it fiat and go directly to my personal account, besides that binance is a trusted platform for now, in my opinion
That's true and I don't have any doubt about that. I also using Binance since I enter in crypto space and until now I still didn't encounter any problem. It is very reliable and trusted exchange. Aside from Binance, I also using Bithumb and Bitcoin. com which is also good exchange platform for me. Bitcoin. com has no minimum cash out and also with fast transaction processing, that's why I also liked it. |
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Through trading volume and market movement we can evaluate and identify our trading investment, this is the point of technical analysis. This is essential in trading because it can help us determine our trading status and it is very helpful for us to make profit.
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Pls I need help and genuine guide.
Can I know which best Altcoins to buy & HODL.
I have bought
Doge
EOSdown
EthUp
XrpUp
Hotcross
I also sold them when crash started.
Now it seems market is picking up can you guys help with what to buy and hold and it will get good x1000 in few months
Why not choose those at the top 10 altcoins in coinmarketcap so that you can be sure that you hold the right coin with potential to grow in the future and can give you a huge return. Investing is risky but you can't earn profit if you can't take the risk. |
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Why? If without china, bitcoin can't be used by other people in other countries? There are also miners in other countries and it will even increase the number now that china removing bitcoin mining industry. But on the other hand, who knows if it's just temporary and later on China will realize that they need bitcoin and bitcoin miners. News always changing everyday.
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Yes, market is now recovering but we need to wait more time if it really continue to increase in the next couple of days, weeks and months. But so far, I still do trading while holding my other coins and waiting for it's price to increase more.
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The major factors affecting bitcoin are :
Change in government - it's simply means when another government enter there's will be reduction or addition of some policies.
Political instability - when political system in the country is not stable, everything will get down.
The major factors to consider affecting bitcoin is the demand and supply where the value of bitcoins came from. Also another factor is the electricity and internet connection, because you can't use bitcoin and make transaction without electricity and internet. Then, next is the government who wants to ban or regulate bitcoin in order to control it. |
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I've been holding this token called 'SUBX' for a while now, maybe a month. Quite a big bag of it. I'm not sure if I should continue holding or let go and take what i have.
I believe in the project, but it hasn't been doing well in terms of price.
Utility wise, they already have 4 apps released and doing work with universities so I am confident it won't be a rug pull.
Reflections are delicious and community is nice.
But whales that bought during presale got impatient and left, and with the market bleeding past few weeks the price is slowly declining. Team says they are looking long-term with real utility (which they do deliver) but that doesn't directly relate to price does it?
Some words of advice would be really good. Thanks.
I am not familiar with that coin but base on your post, I think if you want to hold, don't hold too much instead sell a big part of it and invest on other coins with potential to grow in the future. Holding is good but it depends on a kind of coins you are going to hold. Sometimes there are project that gives you hope in the beginning but after a few months it will slowly declining. |
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