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601  Economy / Trading Discussion / Re: looking for a active trading companion on: June 07, 2021, 06:27:32 AM
At first, as beginners, we really need a trading partner who is already a senior, so that we can open transactions and close them for certain reasons. after that later we will find our own personal way of trading, like the trading friend said as a guide when we are still blind in the world of trading
602  Economy / Trading Discussion / Re: Can any one suggest best indicator for trading? on: June 06, 2021, 11:52:38 AM
It would help if you searched for the news from many websites because that will help you analyze what will happen to the market.
Currently, it is even enough to subscribe to Elon Musk on Twitter, and I am serious about that. As soon as he posts something negative or positive about Crypto, the share price reacts immediately, as we saw tonight, for example:
Hmm, I would not want to just search for Elon tweet because I am not sure that can be the right choice to knowing what will happen to the market. I prefer to search for the other website that we can find or read many posts from here because I think that can help us analyze the market.

Perhaps, Elon can move the market as soon as he tweets something, but he can't do it forever. So it is better if we have more sources to read, which can help us collect the data to analyze.
right, the effect of twitt ellon is only temporary, indeed there is a lot of news that can be our reference in trading, because we know news greatly affects movements in the crypto market. For example, when a project is entered on an exchange such as Binance, it is certain that the price will skyrocket, so we need news like this
603  Economy / Trading Discussion / Re: Bitcoins Issues. on: June 05, 2021, 02:52:39 AM
Volatility is the main reason why it can't be used as currency because the value of bitcoin is highly oscillating all the time, so one who take it as payment may lose the value even when the transaction is in process.

While the high volatility is also the main reason why more people are interested in crypto investments because it can help the to make profits in quick time.
Yes this volatility can cause alot of issue during transaction between the two parties involved in the transaction so i also dont recommend it as a regular way to use it as a currency. Yes for investing in bitcoin there is no doubt at all.
That's the problem that's why many businesses are still hesitant to accept Bitcoin as mode of payment so I think it will be hard for them to remain profitable since there's no assurance for that as per Bitcoin volatility. Right now, it remain as one of the best investment asset and not a currency and this cryptomarket already proves that not just Bitcoin but also many altcoins. For a trader and long term investor, cryptocurrency is a great place for them despite of the risk.
maybe it is also one of the reasons the government has not legalized it as a means of payment. especially with a relatively large fee for bitcoin, sometimes it is not suitable for use in transactions with a small nominal
604  Economy / Trading Discussion / Re: HOLDING VS TAKING PROFITS DURING BULL RUN on: June 05, 2021, 02:44:18 AM
It's always advised to take profit at intervals during bull because you never know when dip will come and how far it will go. Contrary, there is a perspective of holding for long to get a maximum profit( as said by CZ : "you can't be rich if you can't hold"). From the little survey i did, holders usually earn more profits that people who take little profits. However this depends on your kind of person and what works for you, holders are patient people who don't care whatever happens along the way. Profit takers see opportunities and take profits and move to next one. It's a very deep topic to be honest, and I will like to have your opinions on this. Please share your views
I think there is no point of choosing on holding or taking a profit during bull season when you can do both. There is no restriction or rules that if you hold you cannot do or take profit during bull season, doing both is the most effective strategy you need to set an amount of coin to hold and you need to set also an amount of coin or token to trade during bull season as simple as that.
Very well said, we can do both so there is no problem on choosing, I already do holding and trafing some token and it works I make a small income everyday and i already have holdings to wait, price is unpredictable that makes our holdings so exciting, i hope price will rise in the next few months so that i will make some more profit.
when a bullrun occurs, it is very suitable for us if you want to take risks, but also do a safe strategy. in a sense, we can take some profit and leave some assets to hold. that way even if there is a reversal we still have a profit. I also do it often, with the hope of getting more profit but minimal risk
605  Economy / Trading Discussion / Re: what do i need to be a successful trader ? on: June 04, 2021, 03:05:35 AM
I am also still learning to become a successful trader. as far as I know, take some indicators that we know their nature, because the more indicators we will have more consideration, besides that we have to practice a lot in order to find our comfortable trading style.
606  Economy / Trading Discussion / Re: 2 Simple Ways Crypto Whales Manipulate the Market on: June 04, 2021, 02:46:55 AM
cmon, they are a whales, they do not need any tricks to manipualte the market. Buy and sell buttons are enough

I agree with you, the name 'whales' means they have a big amount of money, and that's all they need to manipulate the markets. If they want to bump it or crash it, then they will do it just by clicking a button, simple as that, not magic involved in this move.

But is important to mention that whales not always win. They can buy big amounts of crypto, but if another whale crash the market they will be in negative numbers.
therefore some whales use the power of news to move the market in their favor, as recently, where he preached receiving bitcoin, and buying it, it was clearly reported, and not long after he preached the opposite with the aim of causing panic to all investors to follow the steps
607  Economy / Trading Discussion / Re: Is this a good plan for learning tradning ? on: June 04, 2021, 02:35:30 AM
Building a career in trading is good! I am sure you will find a job very quickly after your certification! Trading cryptocurrency is however very delicate and require expetience and fundermental approach to analysis of trading! In cryptocurrency, 200% in 6months is a failure for some traders whereas, 200% in 2 years in other market is a huge sucess!  Trading  can be exhustive but you must know your onions!
but the crypto market also has a greater risk, because with great volatility it will certainly make the value of our assets go up and down drastically. I think 200% is a good number in the crypto market or otherwise, because it all depends on each individual's R&R calculations. and for a long time like that, of course, something that must be fought for, especially as a novice trader
608  Economy / Economics / Re: Elon Musk really has the ability to manipulate the bitcoin market on: June 03, 2021, 03:12:30 AM
with the large amount of money elon musk, it turns out that elon musk really has the ability to manipulate the bitcoin market, hundreds of billions of United States dollars are lost, after Tesla, Elon Musk announced the discontinuation of using bitcoin to buy Tesla electric cars ,,
but I believe this is only temporary ,, in the future bitcoin will definitely get better again, we just need to be patient bro, we bitcoin fighters will definitely not give up bro

That's true, because basically the ups and downs of the bitcoin price are not fully affected by Elon Musk, because there are still many investors out there who still store large amounts of bitcoin, but currently the biggest influence on Elon Musk's role is Dogecoin because he has bought Dogecoin in very large quantities
Of course, with a very large purchase, it will have an influence on market movements. and this is very natural in the market. so after that a few words from Ellon can influence many other traders to move in unison. And in the end, Ellon is the one who benefits
609  Economy / Economics / Re: Covid-19 effect on your country's economy!!! on: June 03, 2021, 03:01:22 AM
In my country, the impact of covid-19 on the economy is increasing unemployment, eventually people's income also decreases and this then has an impact on increasing the number of poor people.

"The number of poor people in September 2020 was 27.55 million people, an increase of 1.13 million people in March 2020 and an increase of 2.76 million people in September 2019,"
Globally the number of unemployed is increasing, but we can see that new job opportunities are also opening up, even many people are suddenly rich. With this pandemic, online business in my country has increased rapidly, even offline super markets have closed, because they have been displaced by online businesses
610  Economy / Economics / Re: A Sudden Price Drop in The Crypto Markets on: June 03, 2021, 02:55:31 AM
If we look at last 10 days, the prices of around 33k and the the rebound has generally happened and even crossed till 40k. So this give me cushion that prices can rebound well. So any fall like again btc is now at 35k gives me a chance to buy some and sell when it rises back as per my short term strategy. So I am happy with that as these momentum gives you money as well, if you are ready to invest in short period.
Honestly it has been over 36k more often than not in the past 10 days. Sure we had a bottom of 30k at some point but then everything corrected and we went as much as 40k and now we are at a bit over 34k which is understandable to be honest.

So yeah, things did went low very much but things are also doing better as well, it goes down but then goes up, those recoveries stand a lot longer than the falls, the moment it goes down there is a good recovery and goes up and when there is a recovery eventually it goes down again but for just a short period of time.

This is why I think it is quite good right now and there is nothing to worry about, things are still not that bad. I think buying now and selling later is a great method, it is down now and what do we always say? "buy low sell high" right? Well, it is low now and it is going to get higher again later so it is a good idea.
I like you, who always motivate and always believe in the existing market conditions. We know that many people always "buy low sell high", but when the price is below, they seem unsure and afraid that the price will go down again, then after missing the moment they just buy. therefore we have to take advantage of the big correction to buy
611  Economy / Economics / Re: Are we entering bear market? How low will btc go in the coming year? on: June 02, 2021, 02:21:25 AM
I do not think BTC is possible down to $12k, the odds is very, very small. I guess about $20k, but i just guess, i dont have any evidence to prove it, just a guess based on past experience.
Besides, this bull market a lot of big institutions into the field, may be different.
In order for us to see 12k a disaster scenario must happen for bitcoin, basically we will need that one of the most recent institutional investors to get to this market sold their coins, I really think this is why the price crashed so hard as I do not believe Tesla is holding any coins anymore, we will need Saylor to sell his coins and for what it seems he does not want to sell his coins so I doubt a price like that will be seen again, and if it is, then make sure to buy the dip at that point.
right, with previous experience bitcoin was at a value below $5k, then it should be a good time to invest, but unfortunately no one knows about the market, so for now we should look for opportunities and don't hesitate to buy, For example, we can buy gradually to minimize the decline in the value of our assets
612  Economy / Economics / Re: Organised crime on: June 02, 2021, 01:55:31 AM
you should care if you are a bitcoiner because crimes using bitcoins affects the reputation of bitcoin . do you like it when someone says bitcoins is a scam and a tool use by criminals  ?
i heard it everywhere and it breaks my heart .
organized crime that is done by two or more people is is more serious than unorganized crime done by a single person because they can dealt a lot of damage  .

Quote
There are other ways to fight criminals than tracking their expenses
if the crime happens in btc . tracking their btc transaction can help solved the crime than using methods that are not connected to btc
I hope you fully understand that crime can be connected with any currency, right? Do you think that criminals in the streets, selling drugs or weaponry, operate with Bitcoin? Bitcoin was notorious a few years ago, due to the Darknet markets, such as Silk Road, Agora, Alpha bay and many more, selling all kind of illegal items, from illegal substances to counterfeit notes.

Cryptocurrency is still used in the Darknet due to their nature of being anonymous, it's definitely an alarming issue, but I don't think there's much you can do, crime is everywhere.
right, crime is everywhere, and as ordinary people we cannot prevent it, but with this we can provide input to the government so that they follow up. Therefore, we can also understand that on the one hand, the anonymous nature provides an opening for criminals to launch their business
613  Economy / Economics / Re: Understanding a bear market. on: June 02, 2021, 01:51:46 AM
BTC was once 3000+ and ETH at that time was around 160$ each, if you've filled your bags at this time you are already millionaire unless you buy too little, bear market looks like a bad season to many but honestly it's the perfect sowing season
I don't think so, unless if you buy Bitcoin last 2018/2019 where the price is at below $5k that I think you will become a millionaire. But if you buy Bitcoin this time, you have to wait for another 3-4 years( maybe) when the Bullrun has come again (new ATH). We are currently at $36k plus, which seems still high if we think that we are in the bear season, and I don't think that way but looking at the situation still at a bullish season.
if you look at the current downward movement, I think it is still in a correction status, and actually now we can start buying gradually, especially at the 61% fibo, I think it is the right level to invest. but sometimes it hasn't reached that level yet the price is bullish again
614  Economy / Trading Discussion / Re: What are some good crypto trading apps on Android? on: June 01, 2021, 12:17:21 PM
Trading on phones or mobile devices are bad. If you want to have good trades, less mistakes, better security, use one desktop or laptop for your trades.
That's true, I already tried trading in mobile phone and it really seems so uncomfortable for me, if you really want a good view while trading then you have to follow his advise, it is really necessary to observe well the market and it would be hard for you if you are only using a mobile phone and besides using mobiles phones have only limited features.
I usually use my cellphone just to monitor prices. so first when analyzing, of course using a PC is more comfortable for me, after I install a transaction, then I can do other activities and monitor developments via cellphone. I agree with you that analyzing with HP cannot be in detail like we do on a PC, and this affects the accuracy of the analysis
615  Other / Archival / Re: Is a demo account necessary for a beginner trader? on: June 01, 2021, 12:11:22 PM
Demo account doesn't teach you to become a good trader and most often this demo account make their customer good at it so they get too confident when doing it live. I've never tried a demo account before, I prefer doing it on a live platform because you will really know how much you can lose. You won't feel anything if you lose in a demo account because it is not your money. Plus it is not bad to experience failure when trading as long as we learned from it, of course we should just use a small amount of money when practicing to become a trader.
I agree. demo accounts do not educate us in terms of trading psychology. we will find it easy to analyze on a demo account, but it's different if we try on a real account, psychological pressure is certainly there. whereas psychologically, in my opinion, the most decisive thing in the success of a trading
616  Economy / Trading Discussion / Re: holding is not an easy thing on: June 01, 2021, 12:07:31 PM
there are situations where holding holds becomes a great test of patience that the person will have to pass, let’s imagine that someone buys bitcoin when the bitcoin price is $60,000, today the bitcoin price is at $36000, that means that all people who they bought at the price of $60,000 are at a loss and the question that these people must be asking must be: when will the price return to $60,000? and when will the price exceed $ 60,000?

now let's see the following:

if someone buys bitcoin for the price of $60,000 and the price drops to $ 36,000 and it takes 4 years to reach $70,000, it means that that person took 4 years holding to make a profit of $10,000. sometimes hold can have this disadvantage and to minimize this disadvantage people need to start buying each dip
if they can hold up to 4 years and the price starts to approach BEP, will they be able to hold it back. on the other hand, if the price is above the purchase price, are we able to hold it too ... and one more thing, we don't know when the peak is formed, and at any time the price can reverse direction. therefore the psychological role is very vital
617  Economy / Trading Discussion / Re: Still trading BTC even though actually trading Alts on: May 31, 2021, 04:35:39 AM
Sometimes I think I might as well stick to just trading BTC since most alts are correlated as rise/fall with the big one. And yet sometimes they don't, maybe because of rotation or more fundamental reasons. But just for simple range or band trading, I wonder if it is just best to stick with BTC?
Your choice because as long you do make profits no matter neither you do engage with Btc or jump into alts then it doesnt matter.When it comes to correlation then its true that
BTC and Alts arent that having that precise behavior or relation towards their prices as you mentioned about those different fundamental reasons.
Most of the time BTC would always be the main indication because when BTC is on bears then expect that alts will follow but there would always be a time
about market shift where alts are doing good while btc is still on sideways movement this is why being observant is really important.
everyone has a different trading strategy. besides as you mentioned, there are also traders who always trade bitcoin even though he was trading altcoins at that time. Of course, with such diversification they have an assumption that it will be safer to protect their capital, in the end all oriented to the profits obtained.
618  Economy / Economics / Re: Do you see yourself quitting after this bullrun? on: May 31, 2021, 04:29:58 AM
I don't have any work and I would probably not work if this current bullrun becomes profitable than I and many could've expected. But let's put it in hypothetical terms for me, if my job pays better and isn't a toxic one then probably quitting isn't the best option but if it is the other then I would definitely quit.
That's right, if the job is good, well-paying, and non-toxic, no one will quit. But investing in Bitcoin is like a race where you will lose a lot of strength. The market is plunging. Maybe I will give up in this race.
Crypto market is totally unpredictable but the fact that you are making profits even from its high volatility market, then it's not enough reason to give up. Or from your well paid job that offers you a stable income.

If we think of it, it will be more profitable if we can have them both. Crypto might face its dump season sometime and so this is the reason that you need to have your own stable job so that when the market turns like this, you still have other source of income that will sustain your needs.
indeed, to sustain our economy, we must have several sources of income. that way we will also be psychologically stable if something goes wrong in one of our sources of income. therefore crypto trading will always run according to existing conditions.
619  Economy / Economics / Re: Are you making money online? on: May 31, 2021, 04:26:44 AM
I admit I am also looking for additional income around this online job. with income following the signature campaign, I have the capital to learn trading, I think here we are not just nonsense, because we exchange opinions, and if we are lucky to get a prize. I am aware that learning to trade cannot quickly master it, but at least the capital I use is not from my real work
620  Economy / Economics / Re: Crypto vs Stocks on: May 30, 2021, 12:04:31 PM
Both crypto and stocks have always profits and also risks. Higher profits will require higher risks. In crypto itself, the volatility is very high. It is different with stocks. Additionally, crypto is free for everyone in the world. And stocks may sometimes only limited. that is why I personally still prefer to trade crypto although this is very risky. But I know a little bit about the way to take profits in crypto, at least with a very small amount and also profits.
with high volatility, it is easier to get multiple returns. but it also carries a greater risk than stocks and forex. but if we already know the techniques for trading crypto, of course it will be more profitable to trade here. but if we don't use a leverage system, of course the value of our assets in crypto will not run out, unless the coin is worthless.
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