Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:
1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.
2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.
3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.
This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.
The out listed are some of the must have before investing into cryptocurrencies. It is very truth that trading is a very risky venture and going into it without adequate knowledge and capital will end up with disasters! However, trading is a game, you cannot become successful in it without adequate skills and experience. What put you ahead of others is your skills and knowledge one how to trade professionally. |
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As a starter in trading you have to do more than just be able to read the charts. You have to have a good general knowledge about the markets in general not just the coins you'd like to trade. This can be done from reading the news and trying to be up to date with what's happening to the market. Then you should be prepared to start trading.
Reading the news is part of trading and ib a truth we are maditted to research enough and think before investing or place a trade because it is more possible to fail in trading than succeeding. I keep telling people that it is very important you hold on placing that trading position that you are not 50% sure it will succeed because you Only lose when you are in the market. If you want to succeed in trading it is equally important that you understand the technical and fundamentals analysis and how to combine both technical and fundamentals indicators for proper trading decision making. |
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Hello!
We, all crypto users are wish a long life to bitcoin to it continue to bring us some extra profit on different ways. But one day something new will replace bitcoin. My question is - how many year you give to bitcoin before it will turn totally useless?
I think bitcoin and blockchain technology which other coins are built are very unique and we are still at the early stages of it developments and because of this we should understand that it might never die and it will be with us till the end of the ages. In reality the discovery of blockchain technology was a solution to long time research of making transactions especially the financial one Anonymous and kick third party out of transactions and I believe that is what many of us wants. |
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Time is a healer....  Time shall surely tell if bitcoin bull run will commence this year 2019! I have seeing many speculations this days and some are in favour of bitcoin why others are against it but if we can wait for time we would surely find out if this is truth or not. However, from all indications, bitcoin is currently at the bottom and it is truth that we can succeed in our investments if we can buy at the bottom and sell when the bull run is at it pick. |
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When bitcoin was getting pumped in 2017, many newbies were confused and many of them see bitcoin as too expensive to invest in. Some were afraid of buying a whole bitcoin at $20,000 or $17,000 and if it get dump it might affect there fund and since it is new they may lose all their investments. However, now bitcoin is too cheap compared to then and that is a kind of blessings to those that could not afford it last two years. With ten thousand dollars one can easily buy 2.9 bitcoin and if you can hold it for long term that is huge money for you when bitcoin started rrecovery.
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Almost every currency is paired to BTC. If for some reason only a single altcoin (not the entire market) is surging then most people are probably selling it for bitcoin. Which means that similar thing can apply with every altcoin, the fact that in the article everything is described on the example with litecoin doesn't really matter.
I think you have made a good point here! It is very important we should know that bitcoin pair with most of the altcoins in the exchanges platforms and a single coin may not influence it pricing direction much. We should also remember that bitcoin is the only coins that if it is surging do draw almost all others cryptocurrencies with it and I believe that when dollars or fiat is weaking against bitcoin that is when the cryptocurrencies market surge. Litecoin has no capacity to makes bitcoin surge! Come to think of it, how much is the over all market capitalization of litecoin and what are it dominance in cryptocurrencies market? |
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Constant positive growth since the beginning of this year - Bullish or bearish? Are we going to see some action from bears again or have we really entered in a bullish territory?
To me we are entering into a bullish market and everything is pointing towards that. If you look at the way things are going you will agree with me that the bearish trend is over and the market is in sideway trend which will lead to corrections and when $4250 trading area and the resistance at that area is broken then we should expect a great recovery that will result in the next bull run! |
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Currently bitcoin trying to stay above $4K. And its positive for holders. But most of time fail to stay above $4K. But according to trading volume bitcoin is healthy enough. Although still it is on bear mode but anytime we can expect bounce from $4K. It's long time just playing between $3.5k and $4K. So according to Bitcoin history we will see some positive movement hopefully.
If the history will be followed, we can expect that the price will rise over $4,000, or even higher than it's all time high. The possibility is there all the time, the only thing that is not certain is the time, no one knows exactly when the price will reach to our expectation. If bitcoin can remain above $4000 for a very long term, it will mean the recovering face has started and we would need to see that if that can happen the next strong level will be $5850. We have seeing bitcoin trying to break $4100 to $4250 trading area and since December it has done that several times without success. Currently bitcoin look very healthy but it is still making another minor corrections again and it has fall below $4000 today again. |
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I have been trying to watch some YouTube videos about crypto trading and also tried to read some articles to understand the different indicators but one thing that baffles me is that most of them claim to have made lots of money from day trading, and yet they continue asking people to subscribe for their Premium content for $100,$150 etc
If they claim to have made lots of money through their good trading strategies then why do they ask for money? Is it too much greed for more money, or they are simply lying about making money from their strategies?
during my forex trading I could still remember subscribe to this guy that claim to make about $30,000 weekly from trading and I Was surprised that he sell his strategies and signal for $30 par months and that was a great surprise to me because after subscribing I discovered that he only make money from the subscription and not from trading as most of the subscribers were really made to believe that the next month will be better than this month and new members are be brought in every day to subscribe the signal with $30! Those acclaim experts on YouTube makes their money from the signal they sell and you should not be surprised that many of them has never make any profits from trading and some of them don't even have the mind to invest in trading. |
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I strongly believe that ethereum is going to recover and makes significant progress in future and by investing in it now we would definitely going to makes some great gain. Ethereum is the second most used coins and many companies are adopting it than other altcoins and that is the sign that ethereum future is very bright and we are heading towards another bull run in cryptocurrencies market. If the bull run did not commence this year we should expect it to start next year. The next bull run may push ethereum above $2000 and that will be a highly significant price for those that are willing to invest now and holds till then.
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We would need more of this type of thread and mindset about the current happening in the market. Price should not be the determine factors on how the cryptocurrencies market is doing and we should not expect too much change in pricing as a sign of success or failure in cryptocurrencies market. We should actually focus on adoptions and how cryptocurrencies are been used by the retail and wholesalers in doing day to day transactions and business. we should also be concerned about technological advancements and progress that has been made so far.
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bitcoin grew in value because of its amazing blockchain technology and now its used as payment in some fields Now what new things we can expect that will make buyers came back and make price brake all time high will it brake all time high  If we look at the past we would find many events that makes bitcoin made surprising move and it is good we do that through chart pattern or candlestick formations. In 2017, from the beginning of the year when bitcoin cross 200 moving average and was facing northward many speculators and investors understand that a bull run that will create an all time high is about to happen and that is exactly what happened. I believe that technical set up is going to happen that is going to push bitcoin price in another bull run that will create all-time high again. Events like ETF approval and halving in 2020 and some of the things that is going to bring many new investors into the market again. |
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Its so hard to predict the price action of bitcoin maybe the article is right or maybe wrong everything can be change, all I know the 2014 -2015 bitcoin pattern are difference from the currebt situation but I still believe bullrun will come again in a right time just be more and more patient for this situation.
The patterns and technical formations of 2014 and 2015 look like what is happening now and that is why many speculators are saying it is really look the same and since there was bull run after those patterns, we now believe that bull run is about to happen It is truth that this market is highly unpredictable and if we are to trade it successful we must have this at the back of our mind that it all about up and down and after analyzing the market and expect it to be bullish or bearish it can go in the opposite direction of our predictions and because of this we have to resort in the formal patterns in predicting the market directions. Though most times those predictions fail but if you can follow it, in a long-term you will definitely going to makes profits. |
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This current channel has lasted too long and it seems it is not over yet as the bullish momentum is too weak to break the upper channel. It is a bit of $400 to $500 changed in price positions . I think something has to happen fundamentally before we can see strong bullish trend and crazy price as you have said. If I am to analyze the market I think the bearish is over looking at how long we have stayed at the current price. The whales are also getting week and most of them are getting lose as the market could not be dump below the areas that they can buy cheap.
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Hello everyone,
I'm new to the crypto world and have been trading for 2 weeks. I have a job in Marketing and trading is a way for me to earn extra money. I often focus on trading after work because I am quite busy at my office.
I'm very curious about how's your day going? anyone here is a full-time trader? When do you start trading? Do you look at the screen and read all the time? And if it's not too private, can you estimate how many percentages of profit you earn a day? ...
I am a trader and investors and it is truth that working and trading is not an easy task and one has to be great in mind in other to be able to analyze the market in profitable ways. I think I spend around 3 hour daily on trading though I do monitor the market through some applications through out the day and even in the office if I see any opportunity I always invest along. I have started arbitrage of recent and I think it is more easier and less risky for those that has no mush time to analyze the candlestick formations and chart pattern. I can't really say this is how much I made in a month though I do make some profits. |
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Ok, this is only my own observation, but I think it might be very accurate if you are looking at the more recent Bitcoin price trends. We all know that Bitcoin whales are still manipulating the Bitcoin price. <Yes, it might not be a huge influence, but it is still happening> I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again. <They are playing around within a $400 to $500 price range for their profits now> We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum. <The $400 to $500 price increase is simply not enough incentive to tempt hoarders to start selling their coins again.>  Do you see this same pattern or am I imagining this? I have seeing this pattern playing out since the beginning of this year and to me the market is becoming more stable and the volatility that do come through the influence of the whales is drastically reducing. I think traders and the investors are Becoming wiser nowadays and that is why we are seeing this stable pricing. The whales that has been manipulating the market are really losing out as little investors or micro one are not ready to take profits with the little increasing in price. |
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The crime rate and manipulation of the truth are actually at the increasing and it seems they is notting the world can do about it. The Animal and every other creatures are still maintaining there place in creations and it is only human being that has refused to keep universal laws and to learn from its mistakes and changed it ways. At the moment we are living in the world were we see great inhuman to man and even animals. This statement is right " if animals has religion, human beings could have be the devil " it is sad that humanity keep polluting this beautiful planet.
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Bull run ! Bull run!!
Please I care to know if the bull run we are expecting is actually for all altcoin,is it also including those altcoin with another wallet too.
Bitcoin's bullish run do affects other altcoins and in the past when bitcoin is getting pump almost all the altcoins will follow in the same direction and when it is getting dump the samething do happen . However, now some of the altcoins has gone down to far that it will be difficult for them to recover. Some altcoins are going to die and that means the next bull run may not affect them and it means if we have opportunity to sell those coins it is important we sell them now. |
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All time is not good for investing! It is not all season one plant a seed and harvest. Remember that trading and investment has a face and you have to follow the face in other to be able to invest right. If investing is your desires you most invest knowing the accumulation and distribution faces of the investments cycles. You can only invest and make profits when the assets is at the lowest price and sell when it is at the high price.
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Anyone recommend sites/blogs/forums etc for trading signals. Any good resources out there for predicting the market or sell/buy signals
Looking for the right tools that will tell you when to buy or sell is a good things and if that signal is there we could have been all successful! It is the technical indicators that always showing the reversal of the trend position and been able to use those indicators in spot trading and investments opportunities is what put you ahead of others. Traders are looking for signals to buy but most times those signals services providers do fail them and that is why you should work hard and develop your own strategies for proper investments decision. |
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