I notice that some experts doing online trading journals just show you all their wins, and they hide their loses and anything stupid they did to lose money. What traders out there sharing their daily trades are The Real McCoy? I am sure that ever super traders make super stupid mistakes, then they just do not want people to think they did anything stupid. Where are their big loses at? Why do they only show their wins?  The Real McCoy It is true that most of the so called trading expert never show their losses and show their winning trades only but it does not mean they are trading in loss, their track record may not be that much fascinating what they show online to attract more investors. Many are in profit but the have big dd in their account and that is the worst thing any account have. Bigger dd means your account was on the verge of wiping out. Real traders keep their account statement open for view to all. |
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Yes I agree, with next bullrun altcoins backed by good projects will grow along with Bitcoin and we should patiently wait for that time. It may take a year, two or more years but bullrun will come. Markets move in cycles and there is bear and side trend since 2018, its time for bull run to come. Selling altcoins at current price is not worth anything, its time to collect more and more altcoins and hold till next bullrun.
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I am surprised to see 3 cities from US. I thought Bitcoin is not popular in US but list shows many merchants across popular US cities accepting Bitcoin. In Asian countries I think Japan, South Korea and Sigapore are major contributors which are not there in the list.Vancouver is a big business hub of Canada, its great to see that merchants in Vancouver are pro Bitcoin. I am sure list will grow with next bull run.
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Trading is much more than just signals. It’s a life. This is a theard for discussion about the risks involved in using trading signals that have become common in cryptocurrency trading. I would have posted this in Trading forum, but it’s more important that newbies see this. Knowing that after a few unsuccessful investments in cryptocurrencies, using trading signals seems to be the only ‘certain option to profit in the crypto world’. But this comes with huge risk. Risks that these ‘trading professionals’ won’t tell you about. I already posted on a different forum, so I’ll be quoting the post here so I don’t get tagged for copypasta.Most traders after a series of loses in the first few months of trading would go in search of trading signals from so called Professionals. This thread is to point out flaws in this trading option, and reasons why you should learn to trade yourself.
First, What’s a Trading signal?
Trade signals (trading calls) are a set of instructions you receive in real time that contains details of cryptocurrency to buy, what price to buy it at, the targets to sell it at and most importantly the correct stop loss to ensure minimum loss if the trade goes wrong.
But there’s always a BUT!
1. When using a trading signal, you have no idea how these signals were generated. If it actually came from a professional or just some random bot. It takes confidence to make a successful trade, and without confidence in the signal, there’s a high chance you’ll be losing.
This brings us to the next BUT
2. To ensure the trading signal comes from an experienced professional, people pay heavily for these signals. But even if these signals were right, the amount of profit made from these trades are small amounts compared to the amount you pay for the signals. You’ll have to trade using huge trading Capital to cover the cost of a the trading signal.
Does this sound familiar? Yes. Gambling. You’ll might get more chances Gambling than trading with these signals.
3. So, some traders (especially newbies) would prefer to trade using a free trading signal. But there’re no actually no free signals. They come at a cost. People who give these signals are paid by the project team, exchange or paid by large whales who want to dump their tokens.
You buy their dumped tokens and you’re left with no one to buy at the stop loss price.
4. The cryptocurrency market is very volatile. Profits could go as high as 400% in a few hours and dump to as low as 400% in few hours. Bitcoin, (the most traded cryptocurrency with a market dominance of over 60%) has risen by more than 5% in 24 hours, and up to 1,824% in less than 8 months. Same goes for its fall.
These are just a few risks with trading signals. It’s important to note, that I don’t condemn the use of trading signals. There’re quite a good number of trading signals, but these are few. And you could never tell the difference. It’s worth much better to
- Take responsibility by making decisions yourself.
- Learn Risk Management Skills.
- Understand the process of cryptocurrency trading.
- Build your Trading Career.
Trading is more than just a signal, it’s a career. So you have to build it.
Trading signal services are another scams in financial markets be it forex market or crypto market most of the trading signal services will make your account into deep loss. There may be 2-3% of genuine market analyst who can analyze market correctly but most of the signal providers cannot do it. Signal services providers have win win situation once someone subscribes to their services. If account is lost they lose thing rather they will get some fee and if account grows they get more accounts. |
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I believe the value of something increases when it comes in circulation so instead of holding Bitcoin it needs more to be circulated or transacted at various merchant counters. Once this happens more and more people will start using Bitcoin resulting high demand and when there is increased demand value of anything can increase. Bitcoin is a good choice to keep as an asset but it really needs to be highly circulated.
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In my country, I see many sites that are Bitcoin ponzi and scams. These thrive because the police put in little effort in tacking them. I like the awareness being created by the Indian police. What is the awareness level of law enforcement about crypto in your country? If All Police Officers are Trained in Crypto... https://www.cryptoinfowatch.com/indian-police-train-officers-on-cryptocurrency/This is an attractive news that India police is being trained on cryptocurrency but in actual there is no indian police, police is identified by states in Indian and state governments have full control over Police department.Center govt can suggest something to state govts. but its up to state govts if they implement it or not. In actual scenario there is high corruption in police deptt all over the country. Lets see if something good comes out of it. |
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I really do not recommend it still if you want to invest this money in crypto I would suggest you to go for some amount out of the total amount you have.Undoubtedly crypto can grow your amount many folds in a short time but at the same time it too can depreciate your investment in a short period. When dream of house shattered it hurts a lot. It has happened to me, I booked my house and even gave token money when crypto market was at its best but with the last downtrend everything vanished. My purpose is not to demoralize you but I want you to keep your money safe first.
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Bitcoin is a volatile currency and it is known for its volatility. Movement of 100-300$ is very common in Bitcoin. I do not find it crazy. If you go back to Nov 2017 when Bitcoin was trading at around $1400, it slipped to $1000 in a single day. Now Bitcoin is trading at $8000+ and such movement is not something crazy. Bitcoin is trading a range for past many months, it needs to break the range till then its price going up and down will be common.
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I actually did not know that Twitter CEO is holding Bitcoin and if it is true then indeed its a great news for crypto enthusiastic. Twitter is a popular social media platform. Twitter CEO holding Bitcoin meeting in Nigeria is a positive news for the entire crypto community. I believe Twitter may come up with its own coin once there is some clarification on regulation of cryptocurrencies. Lets wait patiently and hope for the good time for cryptocurrencies.
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I think this is because of market conditions that we are rich in spreadsheets only. Suppose if the market return to the level of late 2017 or early 2018 where would our coins be? Values of these coins may increase 5 times or more. Projects are allocating bounties as their ICO/IEO price which is good for most of the projects but values of most of the coins is decreasing like anything after hitting the exchanges and that is the bitter truth of current situation. There is always a light after dark, I hope the good days of bounty hunters will come soon.
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Personally I am big fan of Ethereum blockchain, transactions are much faster than Bitcoin and many wallets support ERC20 tokens. Also we have secure wallets like Metamask for ERC20 tokens. Transactions on BTC blockchain sometimes take 2-3 hours, not sometimes rather most of the times it takes 2-3 hours to complete the transactions whereas on ETH blockchain it takes maximum 30 minutes most of the time and sometimes it gets completed with in 5-10 minutes. It will not be big surprise for me if ETH price competes BTC price after version 2.0 release.
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Hello Crypto Bounty Hunter...
We as Bounty Hunters do one Bad Habit. I don't know whether it is Right or Wrong..But this is my personal view. If there is any wrong anybody can correct me. We as bounty hunters do lot of Bounties and get Free tokens. And we do convert them to Bitcoin or Eth. So according to my view can we trade the same coin in the Platforms they have registered? So that we could have a better Financial Opportunities to the Project Owners, Investors & Bounty Hunters.I would like to have opinions to have a Common Rule for this.😀😀😀
Most of the bounty hunters sell coins to fulfill their immediate money needs and it sometimes costs them. In late 2017 many coins which were sold by bounty hunters at low prices appreciated many folds after some days of their launching but scenario is opposite now a days, value of most of the new coins is decreasing after hitting the exchanges so bounty hunters are just booking the early profit out of the coins they earned from bounty campaigns. Many bounty hunters are also holding any potential coin which has chance to rise in near future. Bounty allocations is a small percentage of total supply so I don't think bounty hunters can affect any potential project. |
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this is a warning !!!
Top 10 big exchanges is the next target hackers !!!
good luck, and be careful  Just apply your mind and do not unnecessarily react on such fud. Although it is preferred to keep your valuable coins in some secure wallet instead on keeping the same in an exchange wallet but such one statement from a new person on this forum is not enough to react immediately. Good exchanges wallets are secured enough provided you chose 2FA authentication. Try not to share sensitive information of your account to any unknown person. |
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Instead of putting all eggs into one basket I would like to divide my investment if I had 60 BTC. I will not prefer to develop something which can consume all my 60 BTC. I would like to keep some percentage in hard assets like Gold, real estate on anything else which can give my backup incase my startup fails. I would think of starting something which can be started within 30 BTC like developing an app or anything, max 5-6 BTC will be kept as buffer incase cost of development exceeds the primary calculation and before putting money into it I would like to study my idea and make a roadmap of it.
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Surely Bitcoin is the hottest investment today but it needs to picked at the right levels. Bitcoin is very risky too, it can eat your investment in no time. Other investments like Gold can't generate higher profit in short time but these investment are less risky. If someone can risk his investment then Bitcoin is the right choice. One should be patient in such investment as it may take long time in BTC price appreciation.
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Although crypto market is Bitcoin dominant but growth of altcoins cannot be denied. There is no surety that Bitcoin will keep on rising and all altcoins will be dumped, its baseless to say that sell all your altcoins to buy BTC. Today crypto market is not doing good but tmm it may grow like lat 2017 who knows. I am still holding my altcoins with the hope that they will grow, if they do not grow it will not worsen by current situation I will remain like this as I am not earning anything out of my portfolio and if they grow I will definitely have some good amount of money. I do not see it logical to sell my altcoins today.
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I completely disagree to the point that projects with small allocations are paying easily and have higher chances of success. BEEASY was one such shitty project which had very small total supply and it sold its token @ $130/token during ICO, later they did not list their token to any exchange officially. It was trading on DEX exchange @$1-3/token. There are many other examples. Even project with large bounty pools pay easily and are very successful, although it may take some time for their token to rise. Project's success depends upon the core concept, team dedication and planning.
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Although I do not trade fundamentals but still I believe it cannot be ignored. I believe Technical setup is made once there is some fundamental action on the market. News are important part of any market and it cannot be ignored. I am a technical setup trader, if there is big news to come I check if setup is giving some good direction if not then I can ignore the trade if its giving some good direction I may remain into that trade and news sometimes pushes the trades in my favor.
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I am participating in EZ365 and so far it looks good. Team is dedicated and many new people joining their telegram group. About fund raising, in current market scenario its hard to raise funds for any new project due to decreasing number of investors. There were so many scam projects in the past and even good projects could not do well. This is the reason funds raising is an issue. EZ365 has extended its IEO till Jan 2020 perhaps they can attract more investors to fund their project. I do not know anything about Bitwings.
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