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Daily trade vs long trade are both profitable but either of them are not for everyone. It really depends on the schedule of a person and how much risk is he willing to take. Daily trading are for people who have a lot of time to spare in front of their screen while long trade are for people who have limited time and also looking for a moderate to low type of risk to take.
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you are right that trading at home and working is quite different, as in home you can trade very calmly and could focus on the trade but in working hours i felt like i am doing very disturbed trade, i have trade in office for once or twice because of less spare time and also we are not allowed, but i tried it which was worst.
Yes, it is more comfortable to trade at home, there will be no distraction and any hindrance , and probably can affect our trades, we need to choose the best trading location also, for us to focus on what we are doing, especially if we are doing a day trading, we can easily be distracted by our boss or by workmates since we all have a work load or job order in our office when we do that, so best place to trade is at home. I agree with this. You should master trading at home and practice all of your strategies inside your home because that is where you can think peacefully and there will be no pressure of any unrelated work or tasks from your boss. You can trade at work if you know that your strategy is working or effective because it will be fast and easy for you to execute it anywhere you go. |
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My trading started with FreshForex broker, as it’s one of the leading companies out there with lowest possible spreads, bonuses and many more such benefits. It all just makes working super easy and comfortable, especially with their Rebate Program, it makes trading easier. i have tried forex trading, i get Growth:150% in 1month and DD only 20% but in next month i lost all my money  forex and crypto is same trading , diffirent platform but 1 goal, profit better we have a rule when to start and when to stop, we must not put emotions first, we must put our thoughts first, so we can take a biggest profit with only a fiew lost There's no ending in term of changes even you have same goals but the outcome not always the same. You need to pay attention with strategy and right patterns to follow. Start small and earned knowledge before trying to go big and aimed for higher profits. Think of anything that will prosperous in long term journey. Be optimistic and look positively inside this business. They key for success is patience and learning. I agree that it is better to just start with a small capital so you have a small risk of losing all of your money. Use that small capital to try everything that you have in your mind so you will monitor how knowledgeable you are and so you will make mistakes that you can use to make better decisions in the future. |
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Auto trading bot makes good profit if you have a good strategy to program with it. It always depend on the commands or codes that you will right with it. I know a lot of people that are profiting from their trading bots but I am still hesitating to try it because I know that it is still better to do manual trading because it will help me to learn more.
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The price of bitcoin is now above $7500 and it is a good sign for the bullish people in the market but I still believed that the price should go down first maybe below $6500 to accumulate a good amount of strength to comeback and went to another all time high. There is a lot of speculation in the market but in terms of long term basis, I believed that bitcoin will go above 5 digits price.
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In fact, there are still a lot of crypto members here who don't really know what the blockchain is and just pretend they know it even if they don't. Continue with the flow because many people already know Bitcoin, but in reality they didn't know the blocks and how they work. Anyway, the cryptographic is nice and funny. To be honest, it is hard to explain to some conscious person what really is a blockchain technology. However, with time more and more people will understand it.
And this is slowing down adoption, most people do not understand how smart phones work but that does not matter because the investment they make on them is small and the benefits they get out of them are significant, but with bitcoin even if the benefits are clear as day to us the average person does not see them, they also do not understand bitcoin and why it exists so it is not really that easy for them to adopt bitcoin even if they want but as you say this will change as we give them more time to understand it. I disagree. It is not that people doesn't know how smartphone works, they are just thinking different from us. They are investing into other things because they are not enlightened with the opportunities around with cryptocurrencies. Blockchain and cryptocurrencies will really change the future and I hope that the average person will know this so they can take action while it is not late. |
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If everyone thinks like this everyone's "investment" will either until people do use it. It's the chicken or the egg story. You need people actively using bitcoin that's what it was meant for to use not to hoard indefinitely. If no one uses their dollars anymore than merchants will start needing other forms of payment, same will happen to bitcoin...stop the madness and just use it cant be buried with it  It really depends on the goal of a person. Not all of us have the same brain and mindset. We have different goals, some of us is to generate wealth through holding bitcoin and keeping it safe for years to come while others are into adaption of bitcoin and they are using it to their daily life in order to show that bitcoin is useful. |
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You want to get rich without paying taxes, no marriage, no bank ... This is very unlikely. The only way is to invest in bitcoin. That is the fastest way to get rich. Do you have the same opinion as me?
It might be the fastest way to get rich through investing in bitcoin or other cryptocurrency but it is not healthy at all. If you came from a poor family and if you have limited amount of capital then you should not risk it all in a risky investment like bitcoin because there is a high probability that you will lose your money through volatility and it is far way better to take step by step in building wealth. |
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What will happen if crypto vanishes overnight or due to some or the other reason if crypto becomes inaccessible to public? I know this does not make sense as crypto will not vanish but still what if it happens? What about those huge chunk of investments made by whales and other investors?
It will really be a bad experience for us that we might get upset and depressed, if bitcoin suddenly vanishes because there are some people who stores a lot of money in crypto, and put a lot of time working in crypto just to earn money, that is why a lot of people will get affected if crypto will be gone. What do you think about those people are they going to allow this things to happen? for sure big businessman are already inside this market so influenced will be use in order for this kind of things to happen. Crypto already being recognized in most known nations there are already numbers of people who are engaged to this business so the chance of keeping to progress is much higher than being vanished. Yes, there is already a lot of people involved in the cryptocurrency era and even the billionaires and millionaires are jumping into the market because of the opportunity that they saw. I also agree that there is a high chance for cryptocurrency to stay than to disappear because the projects that are being created through blockchain are getting more and it is a healthy sign of a progressing movement. |
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I agree to it wholeheartedly and I have started to save from now on that I will not a a single penny on gambling or anything and save till I have enough till the halving approaches so then I will not have regrets of missing of potential profits We should start doing this so no one will regret of not having a lot of bitcoin because the price is soon to go up. Though the chart shows that within a year bitcoin will goes high and high until it makes a new ATH, don’t expect for a big pump on a day of halving its still good to hold within a year after halving, that’s a safest time to sell. yes its like self-fulfilling prophecy and its a reality. i think selling after the ATH not a bad idea but you can still hold for 3-4 halvings. its makes at least 10 years. It is always a good idea to sell at the all time high price because you don't know if the price is gonna fall again or not. Holding your cryptocurrency is always an option but you should always remember that you should sell some if the price is expensive enough for you. Do not hold forever, try to unload sometimes to enjoy your hard earned profits. |
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In my case, I do spend my cryptocurrencies when I can. I am a fan of online shopping and I always try to find ways on how I can use my cryptocurrencies to pay my purchases online and I am thankful that there is already card services online even powered by a cryptocurrency that I can use to pay my expenses by just depositing my cryptocurrency in a card.
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Yep but it become distracting some time as i get involved in trading rather than focus on work. I think it is advisable to keep trading aside while working as it need full attention to read chart and it is quite addictive in my scenario and prefer trading at night.
I am doing the same thing. I pay all of my attention to my work so I can give a quality type of work to my company and to get a chance to get a raise in salary or even in a position. Once I am home, I spend most of my time looking at different videos and articles that might help me to become more efficient in trading and I always try to apply it through paper trading. |
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The decision should be yours to make, you shouldn’t let anyone tell you what to do. If you are interested in trading then you should do that. And as for those that are telling you that there are lots of risks in trading, well, they are saying the truth, there are lots of people who lose money in trading but there are still a few that makes a lot of money from trading and they are still human beings like you, if they can do it you can as well do it.
Long term Hodl/Investment, as they say, is very easy and there isn’t really much work to do in it, you just have to find the right cryptocurrency and invest in it for a long term.
Agree. You need to decide on everything and to do this you need to have good knowledge related to the market. Most new investors will tend to choose more long-term investments because this is the simplest way to make a profit. However, it is not always profitable because the crypto market is very volatile and often turns red very quickly. I have been staying in this market for a long time but my trading and investment experience is still very bad so I will still try to improve myself to be able to earn stable profits in the near future. Then there is something wrong with your strategy of investing and trading. If your result is still bad then look at your past performances and check the strategies that you used so you can see if which is not working and that is how you can change your results. If you look at your mistakes and change it for the better then your experience will be now turned into a good one. |
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Even though there is a lot of cases of hacked exchanges from the past to present, we are still thriving and the market just shakes it off. I hope in the next few years, the exchanges will have more security than before which they can easily defend themselves from a strong cyber attack. Exchanges are easy target for the hackers and exchanges should really take their security seriously if they want to build a solid reputation long term.
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If you want to read trading charts, study the basic parts of the candlestick first. Learn how to identify the open and closing price of a coin. After you learn the basic parts of the candlestick, you should learn the basic patterns of a bullish and bearish movement so you can have an idea on what are the possible outcomes. You should do it, step by step and always take your time.
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I agree to it wholeheartedly and I have started to save from now on that I will not a a single penny on gambling or anything and save till I have enough till the halving approaches so then I will not have regrets of missing of potential profits While you are holding your bitcoin for the upcoming halving, you should also try to learn something so you can use or apply it to yourself to make more bitcoin. We all want to make profits but getting more bitcoin will give us more profits once the price appreciates up because of the halving from the upcoming months. |
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For me, the safe asset is the gold where you can put your hard earned money and expect to survive even when the us dollar is continuously getting weak. Cryptocurrecies are also a good choice for a person who want a store value but it is not a safe asset because of the volatility in the market but it could also be use as an alternative to fiat since it is already popular.
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The same investment way between bitcoin and gold but have different way to get much profit, with bitcoin we can earn profit with short time and by investing with gold need one year to see gold change to higher price, but for safety investment is only with gold where your money keep satble and never have inflation value,
Well you are right that investment in gold is safe because of its stable value but i think people do investment for the sake of profit and in gold there is no potential increase in price which means that you have just hold your money and nothing else, while in case of bitcoin everybody is sure of profit even it is smallest but yet there is profit. It's true that investing in gold is much safer than bitcoin because of it's stable price, but in my own opinion investing in bitcoin is much better, even it is a risk because you could earn more profit to it when the price of bitcoin will increase it's price. It is the reason why more people are buying bitcoin today. I agree that investing in bitcoin has a lot of profit potential but you should not put all of your capital in one basket and you should learn how to diversify because diversification or well spread risk is the best in long term basis because you will not be at high risk of losing money since you have different sources of income that you can rely on even in a financial crisis. |
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It is nonsense to compare these two assets because they are so different. Gold is just gold without anything behind it and it is just a rare piece of metal while bitcoin has a technology behind it and it could help the world to become better through blockchain technology. The age doesn't matter when it comes to an asset because the only thing that you should be focusing on is the value.
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Be vigilant about the advice the other one offers you, just trust yourself and it's going to be all right. If you follow the advice of the other self-proclaimed gurus, there are times you will lose money. False information is available throughout the internet, so be cautious about the tips of the others. If you're still following the others ' advice, make sure it can help you and it won't get you down.
That was right, cause many people tried to help but later on they will ask for payment. There is no wrong with that but the problem may exist when they'll keep asking for something that could lead to fraud. @OP, don't let this thing happens to you. That is why we have to stand our own feet. Trading can be easy to learn, the only thing that makes everyone struggles difficult is how to make their own strategies and as well as having good TA's. Yes, learning how to trade is not that hard because there are tons of information around the internet that the aspiring traders can use. To be safe and do not lose a lot of money through your beginning days, you should try paper trading or try to open a demo account in some exchanges so you can test your own formulated trading formula. |
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