My tip: Do not invest in ICOs. ICOs are not as much profitable these days compared to last year. If I were interested in a certain ICO(though extremely unlikely), I'd probably buy it after the distribution instead, as prices are sometimes lower after the coins/tokens are accepted on exchanges.
This is actually a very good suggestion and judging from the way ICOs have been lately during the bear trend and a lot of them trading far below their ICO price, I would even say it is a whole lot better waiting for the project of your choice to get listed first and then go ahead buying them when you feel they have bottomed enough and you are getting far below the ICO price. However, for general knowledge, I guess the idea of doing due diligence on the team, checking if there is a product and looking at the vision is what is important the most, when investing in ICOs.
|
|
|
Just because the market is not bullish doesn't mean it is bearish, why do people keep thinking that since bitcoin did not moved above the $10k limit we are suddenly in a "bear market". That is not how the markets work, bear does not mean that bitcoin hasn't gone up, bear is when the price goes down.
Market was going down from December to may or something and that was bear but can you look at the market for the past 30 days ? Can you call that "going down" ? I think not. Bitcoin and the market in general has been in a stagnant market and it has not dropped under 5800 which means we are in a great market. Amazing starting point for the next bull run.
|
|
|
In my opinion, paying for something so fundamental to our society is ridiculous. Everyone should access education for free. This will make our societies much better.
Most especially, a society where everything has gone digital. Moreover, I would not say it is ridiculous, because I have seen sometimes that when people want something so badly and they want to do it right, while knowing their lapses in making researches online and would want guidance along the way, a lot of people always end up preferring to pay for it. Sometimes, some would tell you that when you pay for something, you will value it the more and you will want to be more dedicated to learning so it does not go to waste. Generally though, it takes a lot of dedication to be able to learn trading either you want to pay for it or you want to get resources online.
|
|
|
I would bet that almost 50% of people who enter the crypto world do not necessarily understand 100% of the blockchain itself. they only know where they will invest and will get profit. I myself only know that blockchain is a ledger that records all crypto transactions.
Exactly. Majority will think that blockchain = bitcoin. Lol. Blockchain is the technology behind almost all crypto right now. Anyways, the more people understands the difference the more they're going to be a smart investors. If they heard that some company invested or uses blockchain technology doesn't mean that bitcoin will go the moon. Because majority is not tech savvies and it would be hard honestly to see a layman understand some of the technical details when it comes to blockchain technology . What most people understand is probably the application, how things could be over time, and most especially how they can get rich overnight which we know the latter is all most people think about and this is the reason why not being able to understand in particular what blockchain technology is, the disruption it brings and some details on how things would be in the future, it would be hard for them to make better long term plans even in the crypto market.
|
|
|
Why do people prefer to gamble to spend a lot of time rather than playing games? Because they gamble of course with the aim of winning and making lots of money. I think gambling is more fun than playing games. You are right; the aim of gambling is not fun rather they want to make money in an easy way. These people are living in the heaven of fools. They know that gambling is not a way of making money but a way of losing money. You will earn money with hardships and lose just in minutes in gambling. Sensible people never gamble because they know the consequences of gambling. The mindset a lot of people always have towards gambling is for sure to make a lot of money from it, otherwise, we would not see someone say he is trying to use some strategy to rake in some good wins or some sort, and for real, it is normal as every human mind is fashioned to at least want to try to win in whatever they do, but the idea of not facing reality and just hopping into the gambling platform thinking it should bring in some good stories is what has made a lot of people to face the harsh nature of gambling. Some might claim they do have fun, but if we really want to be realistic, fun is just what some people framed up to be able to curtail themselves from things getting out of hand.
|
|
|
No matter what you feel about it google is the biggest website in the whole world. They own more visitor counts than millions of other websites (weird that it all started as a two college kids project) so when google says its okay to advertise about crypto currencies it will definitely affect the price. However, bitcoin is volatile so even if this is a great news and everyone here would be greatly happy to see the support of google for crypto it doesn't mean bitcoin will move any differently. Yeah, it may go up 20%-25% all of a sudden because of this news who knows however when it goes up it also goes down so you do not see it clearly when it happens.
|
|
|
I want to share some trading tips for the beginner, use the moving average in the trade and use the candlestick. First set moving average 12 and 21 and follow Candle pattern. Moving average 21 crosses to verify the market trend. When the candle closes by crossing moving average 12. Find out if the candle closes below under moving average 21 and find out the sell. Hopefully, a profitable trade is possible if you trade in a completely formal manner.
We use the trending trading for the past 5 years probably, that has been the most known trading method in bitcoin so far. Even today people do that whenever bitcoin goes 100 dollars in one direction they bet it will go another 300-400 dollars on that direction. Now with your trading method you are using the trending as well, your candlestick averages decides what the trend seems like and whenever it makes a move one direction it bets it will keep going that direction which is basically the same as the trend trading method which has been known for years. Only difference is yours uses more indicators to make sure and other one doesn't.
|
|
|
Do you mean 2% for stop loss ? With high volatilitas of crypto, i think that too small percentace in crypto trading, for the better use minimum 3% to 5% for stop loss and take profit minimum 10%. Stop loss 2% can be better to use in stocks trading that has lower volatility than crypto.
2% trading strategy is not about stop loss, but a way to manage your funds when trading. As long as you are trading a market and you want to enter a position, it is a normal way of saying you should not use more than 2% of the total amount you have to go in on that trade. That is one thing a lot of people always fail to do anyway and they either go all in, or just do whatever they please when going in on the trade which makes the outcome horrific at times, when things should not go in their favor. With respect to stop loss, as long as you are not having a higher loss to lower profit ratio, then you are good, so in that case, you always set your own risk when it comes to stopping loss.
|
|
|
Do no hear them. They are people who yell "WE ARE GOING TO DIE" in the movies as well. Just calm down and take a look at the data you have, as sherlock holmes said (sir arthur conan doyle said ?) "if you have all the data available than you can predict what happened and what will happen". Look at crypto, look at bitcoin, do you think something as big as this and as huge and valuable as this can disappear ?
It worth like a trillion dollars in cap in December, that is same as apple disappearing tomorrow, do you think apple can disappear soon ? I do not think so, I think we will go stronger each year.
|
|
|
let hear the challenge you are having with the cryptocurrecies or the blockchain technology that is bringing down you market, LinkChain and MFChain might just have a solution them. Solving problems is our specialty. Let's hear you out...
What if the problem that I’m having is losing money in trading, do you think you can solve that kind of problem? And how are you going to solve it, by doing the trade for me? Lol. Well, it’s okay that you guys are doing this kind of stuff by trying to help out people, it’s always good to be good and that really pays a lot.Not everyone will be able to do this kind of thing, it’s not always easy. That sort of problem is basically what you can only solve with knowledge and there is no other two ways about it. The problem a lot of people keep having when it comes to trading or making investment decisions is that they make it without any single idea of what they are doing and all they do is to do things blindly. It is always a good thing to try as much as possible to understand the risks of what you are doing, do proper diligence and how you can minimize those risks, have an investment or trading strategy and then build on it, and in that way you have been able to find a solution by curbing out your ignorance.
|
|
|
I think crypto currency taxing and mining taxing should be way different than each other.
First of all owning crypto should not be taxed at all, it should be however taxed if you cash back out to fiat with profit. Lets say you put in 1000 dollars into something and the coin you invested increases and you now have 1200 dollars, you should be taxed on that 200 dollar profit you had. Otherwise you are just paying for something you just own as it is.
If you mine tho than you should be taxed depending on the power of your mining. Like categories, if you are a bitcoin miner at the levels of thousands of miners and many workers etc etc type deal you should be taxed differently whereas small one or two rig people should be taxed less, even none.
|
|
|
I think what happens with cryptocurrency is currently unstable and cryptocurrency prices currently tend to collapse and make many people experience losses and fears or this incident, hopefully bitcoin and some other cryptocurrency can be stabilized again.
Volatility has always been the thing with cryptocurrency and with the way the market has been extremely speculative, it is normal to see things work out the way it has been thus far. However, that volatility, as much as some are complaining about it, some are enjoying the fact that the market is volatile, looking at the way they can take advantage of it. People tend not to blend with situations and take advantage of it, which is the reason why you see some doing well at things and some others just there. If you see positivity in what others see as negativity, you will be surprised at how best you can always benefit from every situation.
|
|
|
The market most follow the way it went up down and of a truth we have to prepare for this. Last year we were saying why is the market going up the way is doing and many were saying then that we should expect a fall.
the current market downturn is quite serious but I am optimistic this will rise. crypto prices fell dominated by many new ICOs that became scams and many investors were afraid to invest in crypto, as well as the resolution of ETFs that made crypto prices more volatile There is nothing serious much about the downtrend, it is a normal thing, it is a very healthy correction and it is only a chance for those who are smart enough to take advantage of a lower price to get in, something that it is quite unfortunate as a lot of people tend not to always take advantage of which makes only few smart ones available in the space. People whine everyday as if plunges in price is always a problem, but in reality and for a market not to experience plunges like this, we have to clamor for real life usage, as this is the only way we will be able to get some little balance, but as long as the market can go up in percentage within few hours, that is the same way it can come back down.
|
|
|
They are not "operating unlawfully" at all, that sounds like they are doing some black market money laundering type stuff. It is not anything remotely like that.
The problem lies with the security of the website being properly adjusted for new york levels that attorney general requires. Which means attorney general thinks binance might be weak on security but I wonder if attorney general ever had to defend on people at the levels binance has managed.
Binance has been running a multi billion dollar trade volume for a year now and they have not even cracked the binance websites surface yet here is the AOG talking about security.
|
|
|
Is anyone know there is any crypto exchangers who dont ask kyc ??
Like its no bs transaction you send them coin they send you money with western union monegram or bank transfer. Or you transfer them money they dont ask stupid questions they just make the trade happend. Is anyone like this ? I spoken my friend from former soviet union country he said he dont care if only customers he can do exchanger without kyc.
Most of the reputable exchanges will place some limitations on you as long as you have not completed KYC. At least, for binance, you will still have the opportunity to make transaction of 2btc per day which is subject to change anyway as long as you are not verified. I would not consider anyone going to a non-trusted exchange all in the name of running away or avoiding KYC. Personally, I see no problem with KYC as long as I get the benefit I want from the exchange and as long as it is reputable.
|
|
|
I agree with what you said about the crypto market been complicate this year but when the market is like you can still predict and get 80% result if you follow the market before selecting the suited analysis. Meanwhile, fundamental analysis is the best analysis for this kind market buddy.
Hmm. That does make sense because this year market was also like the year 2016 market which market correction happened and there's alot whales price manipulation going on. How could I forgot? Towntrap41, you don't need to be against the whales because next year market will be like the year 2017 base on fundamental prediction and I will advice you to check year 2016 price movement. You cannot predict pump and dump, you can only follow trend and get in at the best time you can, while watching the market grow and without the ability to do some technical analysis, you will not even be able to find out if the market is in a favorable condition or if it is actually showing some signals good enough to enter when correlating with the fundamental analysis. Taking a look at this year market, and for the fact that it is a bear year, you will realize that so many positive news, never really had much effect on most of the market, so tell; me how you think only fundamental can work. This is not about predicting the market, it is just about following trends, and there is no better way than to use TA as a priority whether we like it or not.
|
|
|
I have heard some persons day that crypto does not obey TA, I have had points where TA failed and no prevailing fundamental, personally I feel TA in crypto is 50 :50. At some points it may give a good clue of next market direction at other points it is totally the opposite
People will always say whatever they want to say as long as they never tend to have a plan. For those in this category, they tend to always believe that technical analysis should always give you a 100% on point direction to where the market tends. People need to understand that in a market, what we do is educated gambling. Without a strategy, then in this case you are really gambling without knowing exactly what you are doing. It is this reason why the risks are there, but the ability to manage those risks, with great plan and strategy is where technical analysis comes in, but I guess some people would just not understand.
|
|
|
They say that by Cutting out the middleman crypto currency cause disruption to the global payment system. One of the reasons for the centralized payment processing protocol is to prevent funding for money laundering, terrorist activities, and illicit trade in drugs and ammunition. With crypto currency, it becomes harder to trace transactions and ascertain identities of the participants. Banks and other institutions are just afraid that cryptocurrency might takeover banks and that they cannot control anymore everyday transactions because of the decentralized system of it. In real sense it is also harder to ignore that it can be used in any illegal means because of decentralization of its financial transactions worldwide. I believe they can regulate it and submit all cryptocurrency to regulations. I don't know but regulations, I think is not good to all. I really do not know why they are afraid of competition ? truth be told, no matter how they want to show their fear or dislike for it, nothing is actually going to stop it from keeping on to be in existence. Now, I am not saying that would render fiat useless, as this would probably just be an alternative, but as far as I am concerned, decentralization may have some of its disadvantages at the moment, but that does not mean it is by far better than centralization that have never helped in anyway, except for the banks and the government making more money for their own pocket with no ease of usage.
|
|
|
The market continues to disappoint. Should I regret investing in altcoins?
It's a choice whether you want to regret it or not. In the first place, why do we even need to regret? Is that so disappointed that you have a big loss? Or did you never get profit from your altcoin investment? I mean how long did yourself involve in this crypto community? You should know well about "don't be panic and analyze carefully." It is a choice indeed. So many people have no idea of reasons they wanted to invest in the first place and all they care about is getting rich fast, which clouded their judgment as they lack the information and knowledge on how they should be investing in the first place. Panicking will never solve any problem, and getting worried will not solve anything as well. It is just a stage of the market which is bound to occur again, but trying as much as possible to be patient or gain experience on how to trade is the only way anyone can stay relaxed and focused.
|
|
|
|