There is no minimum or maximum in cryptocurrency trading imho. It was spoken and discussed million times every user must trade with the amount he can afford to lose. The difference between trading amount is the amount you will get as a profit towards risk of loosing. The bigger the amount you trade, the bigger are the chances you get into a rush or make bad decisions and lose. However, the smaller the amount you trade, the smaller your profit is. Everyone must find their own balance.
small amounts will quickly become large if we have knowledge, and large amounts will not necessarily be easy to grow, because it all depends on our knowledge of crypto trading. therefore do not be discouraged if we only have a little capital, as long as it is free money, I think it is much better to start |
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I think it's very possible to earn $5k within a month. because when the market is bullish then the opportunity is very open and you can even get a bigger profit than you targeted, but to be able to regularly earn that much profit every month, I think it takes good experience, and of course it's still possible, because your target is 30% in a month
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In the long run, the market value of Bitcoin will greatly increase. The value of Bitcoin depends entirely on the market. Bitcoin's distributed network peer-to-peer encryption technology protects the network and transactions. From the perspective of regulation and market volatility, cryptocurrency plays an important role. I think that the era when Bitcoin market value surpasses gold will become a reality in the future, and I have seen the prediction of an expert in the United States that Bitcoin will surpass gold faster than expected.
Gold was not surpassed in value yet per marketcap but bitcoin marketpcap is already close and it's already in the top 10. We can see the impressive growth of bitcoin and it's not impossible that one day it will be at the top. The world is going online, bitcoin is digital gold and the gold thing is no government could control it and you can carry it wherever you will go. For a billionaire, he can secure his money and go anywhere in the world just by carrying his hardware wallet and remembering his password, isn't it convinient? in the world of investing, bitcoin is a good asset to make a profit later, as well as gold. on the other hand bitcoin is also gold in the transaction system, because of the convenience where with bitcoin we can buy goods or go abroad without any difficulty exchanging fiat money, which is different for each country, and I think this provides effectiveness to its users |
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bitcoin can be said to have lost its original purpose, now everyone is trading daily to get a profit
Bitcoin doesn't lose its purpose. Although many people trade Bitcoin, in fact Bitcoin is still used as a payment tool. So, it still functions as a digital currency. Become a trading object, is just another function of Bitcoin. People use Bitcoin for trading, doesn't mean people forget to use Bitcoin as a payment tool. We don't misunderstand about this. but admit the fact that Bitcoin is not created in purpose of Asset or Holding , instead this is to provide freedom from Fiat spending to digital and private currency. using this for trade is not that appropriate because this must be for payment and easy transacting and not what it is now. so in that , yeah this is losing its original purpose. For now, bitcoin is indeed experiencing a shift in function, where because it has the potential to increase the price, many people think that from bitcoin we can make money, while the actual function has not been achieved. but we don't know in the future where with technological developments there will also be the development of civilization, so bitcoin will have a place as a means of payment |
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Bitcoin has a lot of useful things for humans like .
1. everyone has the right to financial freedom no one has the right to control
2. who is discriminated against by the current financial system.
3. who lives in a place that wants to transact quickly with another country.
4. who wants long-term and safe storage with high security.
You forget that bitcoin has innovation that are far more useful than just a currency or trading asset. Read more here: Am I the Only One Who Forget The Innovation of Bitcoin ?People's trust in bitcoin has made bitcoin even more valuable and that's because of its ever-increasing demand. Not only used as a trading asset, bitcoin has the same uses as a currency and what sets it apart is that no one person or group can control it. It is a decentralized asset and people who completely distrust the banking system really hope that bitcoin can help it. Meanwhile, bitcoin is still a growing asset even though it has scaled better than its past. but if we compare banks with bitcoin, then we cannot forget the role of government which is behind the scenes about the future of both. bitcoin does have some advantages, but no matter how good bitcoin is without permission from the government, I don't think it will be what we expect, but on the other hand we believe that bitcoin will be able to adapt to developments in the future so that even the government needs it. |
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Right now in some of the countries Bitcoin is been banned or restricted, when I think of it I do not blame the government why Bitcoin or cryptocurrencies is been restricted because they do not know the value or importance of Bitcoin. Some government officials have never done any transactions, I mean to buy or invest to Bitcoin or to use Bitcoin as a means to acquire goods and services.
Bitcoin will be more effective in the future, because presently people who are more into cryptocurrency are the younger ones (18-50 years in age).
They know the value and importance of Bitcoin. Despite the ban of Bitcoin in some countries, some individuals mostly the younger ones still have access to Bitcoin. I believe will be more effective in the future.
Some country’s opinion is Bitcoin is illegal, this is a Virtual currency, nobody can touch it, also nobody can tracking their transaction and for this reason people will abuse it in many anti-social activities. So some country Banned Cryptocurrency, but it is correct that they haven’t any good idea about Bitcoin or Crypto-currency. It's a normal thing that happens when there is a change in the times, there will always be pros and cons, although later they will also be considered, because we know we can't resist the development of the times in any way, but indeed this requires a long process to be relevant to the conditions at that time. |
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Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.
Literally speaking dude, you can start trade in cryptocurrency if you have money without this thing you can't start for sure, even you are knowledgeable in this industry. Then second, you must know what coins in crypto you are going to buy, then third you must also know what type of trade are you here in this field of business, are you a day trader or long term trader? For the first time getting to know crypto, I only recommend choosing coins and trading long term. for trading such as scalping, I think it should be done gradually, while we learn. if you already have capital, then choosing a good exchange is a must so that our funds are safe |
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The tips for trading are very effective it helps a lot to be a good trader the most important thing is to control the emotions and if the amount of loss is high then stop loss will be done so that there is no risk even if there is no profit. Professional traders usually make stop losses they have good knowledge about the market and can understand the difference between currencies they can easily master the trading strategies we have to move forward considering them as such.
Strategy theory like that is really needed before we trade, and after that when we make transactions, we must learn to control our emotions to obey the strategy we have planned. seems simple and easy, but when we do it, then we will understand the difficulty, and that's what we have to fix, which eliminates the psychological burden when trading |
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no one knows to know the price is already at the bottom. but we can use area with the help of Fibonaci. we can determine the reversal area where a lot of the behavior traders will buy it. while the area in question is between 38-61 of the fibo line, this is just a market approach, because sometimes the market breaks it. then keep using the risk calculation
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The popular opinion now is buy the coins that are down, and when the market recovers that you'll be in profit. While that saying is correct but that doesn't go for all coins. Don't go buying every coins you see losing value just because you think when the market bounces up, they'll follow. Majority are losing value because people are seeing them for what they truly are which are just a waste of investment and time, also a ticking time bomb waiting to explosed.
The memes you all are rushing to buy today most probably will die with this market and won't be much of a sort after coin when the next bull run comes same goes for the Defi, NFT, launchpad projects you're all rushing to get them cheap not knowing you're buying a waste. Choose wisely, follow up the project. See if their developers are working on something or just hiding behind the now popular saying, the market is unfavorable.
Project with visions uses the bear market to build as they'll be getting less distracted with the whole when moon or when binance question for those not listed there yet. The current market situation present an opportunity to research properly and invest wisely, take notes.
Therefore, before making an investment, it is important to do an analysis first so as not to be deceived by the many meme coins on the market. being more careful in investing in digital currencies will be better in the future by holding potential altcoins such as ETHEREUM, BNB and BITCOIN when we talk about investment, it means we are ready to hold for the long term. and btc, eth, bnb are favorite coins for long term investment. Of the three, it is possible that the bnb will have the prospect of getting a bigger profit. but if we want to invest in a new altcoin, would it be better to use a small capital |
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Isn't this a very long and continuous issue change?
There are several projects that claim that a latest platform can beat Ethereum. Like BSC, Tron, Polygon, and so on.
But are they able to defeat him?
Not necessarily, so far it can't.
Currently the matic network is also growing rapidly so that it provides a very competitive competition, but after we see it doesn't seem to be able to match ethereum. even BSC which is currently booming, it seems as if investors' confidence remains on Ethereum |
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The best way for getting benefits while keeping bitcoin is that you can keep the coin as staking but you should be aware of the sites that can fetch your coins and the sites which are always hacked by the hackers, a trust-full site will be better for staking and another option is that you can keep a little or more percentage of bitcoin, if it increases you will got more profit.
Staking is indeed a good choice for us to be able to get profit, rather than just keeping the Bitcoins we have. There's nothing wrong with trying staking on several trusted platforms, because we have to be careful in choosing platforms for staking. There are so many scams going on in the crypto world, do not be too easily attracted by offers that are too tempting. Even though we want to do staking, there must be some Bitcoin that we store in our personal wallet. Moreover, the price of Bitcoin is currently on the rise, collecting Bitcoin and storing it is still the safest and best option. When I read the question, just staking came into my mind. Good to see many have assisted him on it. Yes, I have an experience in staking and earning profits not from bitcoin but from other crypto currencies. Yes, stake or if you are good enough in day trading, then yes multiple your bitcoin. Let your coin be in a circulation, so that you learn something and earn something instead of keeping it at one place. many suggest staking, indeed this is not a big risk, but indeed with trading we will be able to make more money if we have knowledge about trading, which many people say have difficulty trading. day trading is not easy, but if we study hard, then the profit can be to buy btc back or meet the needs of life without reducing the amount of your investment |
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Greetings, Trader. I'd want to learn a little more about you. If you're a trader, you may talk about the best trading cryptocurrency on the Kucoin Exchange here.
Bitcoin and Ethereum. If you're starting, you can start with those cryptos that I've mentioned because they're top 1 and top 2. Liquidity isn't going to be a problem and for newbies. They are the best choice for starters like you because you get to see their volatility and it's an important thing to check the top of the market first before you extend yourself elsewhere. This is a good c hoice not only for beginners, but also for an experienced investor. But apart from investing in bitcoin and Ethereum, I always leave 15-20 percent to buy new coins. Such investments are very risky, but they bring me a big profit and which can be used for an additional purchase of BTC. we must be able to manage the portion in placing capital to invest. it is true to diversify the risk we divide it into several selected coins, the main ones are btc, eth and bnb. the rest we can choose some new potential projects, so expect to get a big return from this new coin. but indeed the portion of capital used must be small to anticipate the worst risks, because many projects look good but in the end do not develop |
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I have seen several books and rules on how to get rich propagated by individuals who are not so rich themselves but sometimes are dependent on the money they will get from the sales of such books. I do not believe in such rules and do not waste my time in reading such. There is no assurance that even after going through such rules that one will become rich.
I believe the number one and most basic rule of becoming rich is to work hard, pray & focus on what you do while finding a way to do it better,
with the book at least it gives us insight into what these successful people do, so that we can imitate them, but indeed it is not a guarantee that we will be successful either, because it all depends on ourselves and God's provisions, but we must believe that we will be successful later, so that with this spirit we will work harder |
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Exactly, cryptocurrencies have left the early adoption stage behind already. This market has been standing still for more than 10 years. Cryptocurrencies (especially Bitcoin) are being adopted at a good pace now. Bitcoin is the leading cryptocurrency in this. It's being adopted by many people and companies. And government policies also help Bitcoin start being used by more people.
Bitcoin is in good state lately and the market itself. We've crossed again the $2T market cap and if it stays there and makes a long time being stabilized at this market cap. People will now see the importance of buying at the dip and will realize that because they've doubted before, they'll think that they're late. We've crossed the $2T and this time it is alll because of the altcoins that has pumped high within a short time period. Maybe this can go even high in the upcoming days. My mind feels like the altcoins season have begun. Bitcoin gets slowed down for some time period. Right now users who invested big on altcoins at the bottom will be enjoying the profits out of the trillion market. right, when bitcoin's movement slows down, many investors will switch to buying altcoins. This is when the altcoin party begins. but we must be observant in choosing potential altcoins, so that we will be able to find altcoin bullrun moments on the tokens we have |
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to invest bitcoin, i suggest to be patient and take long term. I think if we use money freely and without burden, then it can get satisfactory results later. we imagine from 2017 to the present. If we are good at determining the time, then we will get great results
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To fight against the control of USD thus create an anchor for people all around the global, or to make transactions apparent in cyber world, Bitcoin was coined by Satoshi(the second one is more valid). Will the day come when everyone uses Bitcoin in daily payment(supposing new tech is applied to avoid high gas fee) and thus fiat gets abandoned? Or it won't because the amount of Bitcoin is set and all Bitcin is practically manipulated by capitalists... Obviously , it's nearly impossible for Bitcoin to realize permant and global circulation due to its high price and scarcity, which renders it harder to take the place of fiat but it sounds that ETH is likely to be an anchor and a tool for daily use alike, surpassing BTC is feasible. They say, if a country is at war or in upheaval, buying Bitcoin is not wise for its high volatility and USD is a better choice. How do you think  Of course the more sophisticated the technology, the payment must be done digitally, but this takes a long time to adjust and is not as easy as one might think. many people who don't use crypto even if the country requires it will also be a big problem because not everyone is touched by technology, maybe some people out there have a natural life. what happens now is that payments are mostly used in US or USD. I think when the time is right then crypto will position itself properly. maybe not for now or in the near future, but over time, the development of digital technology, everyone's busyness and needs, etc. then at that time crypto will answer it, because until now it can be said that crypto is still looking for its identity and struggling to win the hearts of governments in every country |
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Cardano (ADA) is scheduled to upgrade its existing network they call it the Alonso Hard Fork. The biggest upgrade of this cardano has privileges capable of facilitating smart contracts on its network. If the cardano smart contract really happens do you think cardano will be able to become a rival to bitcoin, ethereum and binance? Your opinion its appreciated in this discussion. ADA is slowly starting to improve itself, this will be a new achievement for the ADA coin. I never thought that ADA would compete with Bitcoin, but if it competes with BSC and Etherum it might happen if ADA is able to pump better. especially if ADA smart contracts really happen this will be the best and the market will compete very well. a new breakthrough from ADA, which I think with the news of hardforlk by ADA will certainly increase the popularity of this altcoin and will affect its price. I agree that there will be a breakthrough from ethereum and bnb, while for bitcoin, I think it is something that is difficult to achieve, because I think bitcoin is the king of cryptocurrencies forever |
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I have participated in the Rachelx project, where the project has been going on for a long time, if I'm not mistaken it used to be an ICO trend, but in the end the project was discontinued, and since then I have not participated in projects that contain pornographic elements, because I judge that crypto users are still few and scattered around the world, so it seems less effective for such a project
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Basically, it depends on each person if it's for like the elderly.. yes they can rely on their children to jump into Bitcoin, but if they don't have children... well it's also impossible to force themselves, and if there are relatives who care about him/her, maybe he/she will be helped.
About this, even though Bitcoin's popularity is increasing... I think Fiat still plays the most important role, especially for the elderly and blind, Bitcoin and Fiat will continue to coexist and be equally important till the future.
I think fiat is still playing a major role for payment instruments, and until now there is no room for bitcoin. but on the other hand bitcoin is famous because of its increasing price and providing a lot of profit for many people. This is what makes bitcoin increasingly known throughout the world, and more and more people are adopting it every day |
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