We know the inflation rate continues to increase every year, because Fiat continues to be printed and the economy worsens due to the Covid-19 pandemic in which people's purchasing power continues to decrease where every shop has decreased visitors.
in 2005 I bought a pack of cigarettes for $2 and now the price of that pack of cigarettes has increased dramatically to $20
the current solution is to invest in crypto or gold assets which in my opinion in the future will help the rate of economic growth for each individual.
The example you have cited is an extreme case, because for different assets inflation is not uniform. One thing I would agree is that inflation will be worse in the near term. Because the governments around the world have returned to the big spending mode, after two decades of fiscal conservatism (the changing political mood necessitates it in many of the countries). This trend started many years ago, but the pandemic has now given the governments an opportunity to justify it. Yes, that's right, the regulations in each country are different, trade wars are the main solution to this problem, for example, like the United States and China attacking each other to increase their currency exchange rates, and that has a bad impact on the ecosystem of developing countries. developing countries are suffering because of the economic war between the two countries. on the one hand, China is boosting its economy to rule the world, while America seems to be strengthening its military power system, but they don't seem to want to lose their name as a superpower. |
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Bitcoin is an exceptionally poor currency. It's expensive, it's slow, it doesn't scale... Nothing in the OP post supports the subject of the thread that bitcoin could win the currency war. Bitcoin will have to solve all three of it's major problems to win any type of currency war. Cash is superior in every aspect right now, and centralized payment systems are far superior to a decentralized blockchain system thus far.
All this points of yours really needs debate, saying that centralized currency is far preferable than decentralized currency, i think these really need more explanation or insights, it's accepted that centralized currency come into existence before digital currency, which digital can be decentralized currency, because looking at the current situation of nature it's obvious that people uses the digital system of payment which might be cryptocurrency and especially Bitcoin, so it's left to individual to decide for a means of payment, so am disputing the fact that fiat currency is superior than crypto, automatically it depends on the environment we found ourselves for transportation, many people currently accepts crypto because they use it for investment within short period. maybe from our point of view crypto is better than centralized currency, but here the problem is that there are government agencies that must certify if it is used as a means of payment. and they reject it for a number of reasons that may seem implausible to us. but whatever it is the government is the maker of the rules, and we have to do it in order not to break the law |
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Not really a good idea if you do really rely with others signals but always verify it for yourself if those analysis were considerable or totally just a trash. Without knowledge and experience then you cant really determine which one is good and which one is bad. You can make use of others analysis but doesnt mean that you would simply rely into those and to think that fails and mistakes do commonly happen because this had been part of the learning process. You wont learn if you wont commit mistakes but as you earn experience you would surely improve. That's why I said that joining a trading signal group isn't worth the time to waste on them. I don't fully agree with you saying that you won't learn if you don't make mistakes because the wiser way is to learn from the mistake of the other people. learning from the mistakes of others is an experience that takes us one step further. in the sense that we do not need to make these mistakes and do not suffer losses. therefore, if we are faced with the same situation, it will be easier for us to overcome it and not make the same mistakes made by other people. |
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The reason for most of bad decision in trading is greedy and not follow their own rules. Base on my experience i usualy doing good when analyzing chart. I set resistence line as a taking profit point but after i reach that and the market look like continue its bull, my greediness suddenly appear so i am not closed my position. Greed also can lead you to trade with high margin ( this is the worst trading strategy ).
Greed Emotion Lack of experience These are the main things on why people do really make out bad trades. Nothing is perfect though because mistakes are inevitable Thing here is that you do know on how to handle up yourself with such condition. Gaining up experience along the way should be your main priority because once you are aware on these things then you would really know on what to do in terms of risk management. emotion is trading's biggest enemy, in my opinion. to train emotions in trading not everyone easily masters it. there are still many people who use their feelings in trading, even though we only need discipline to the framework that we have created before. therefore we must increase trade to control emotions |
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Looking for advice from veteran bitcoin futures traders - I assume futures traders attempt to capture short to medium trends in both directions, up and down. Further assume that one can't always be right and will have profit target/exits and stop losses. But how about trade sizing?
Assume you have $100,000. How would you size each trade?
That capital only suit those who have enough experience in trading and if you’re a newbie its hard to deal with futures because that is too risky. Anyway, let’s just assume that you’re good in trading and want to take more risk on futures, you have to size your trade based on your strategies and never go all in, you should always have a back up plan. even small capital will easily become large, as long as we are good at trading. but to be good at trading it takes strategy and experience in trading. therefore we have to enrich the experience with a lot of practice, so that later we will become professional traders too. |
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I would be utterly broken too if this ever happens to me. This is also the main reason why I don’t go balls deep on things I know I haven’t mastered yet and not enough experience and knowledge to guide me. Not that I’m scared to try but the consequences might be too great for me to bear. Perhaps the dude is also in debt from other people in order to fund his trading ventures, and seeing the correction wipe his trading money in an instant, it’s truly devastating.
RIP to this guy if ever this is true.
Doing leverage trading is pretty risky by itself and being liquidated means your rekt. I think the trader didn't do or don't apply any risk management and liquidated right after the dump, Imagine how a stop loss could help the trader save his life, some funds and to get out on a minimal loss. Well, there's a possibility that the money was from a loan and we can't blame how he feels after losing that much instantly. We could just hope that those who read this story always remember to do risk management and apply a simple stop loss on leverage trading or even on spot. Majority doesnt really make out their own research and just directly jumped into the market because they had been pleased nor get excited on what leverage trading could possibly give when it comes to profit without minding out on the risk that could really happen once they do decide to go all in.You would surely regret that you had done such thing and if you dont like to have a miserable life then its better to be mindful towards your actions and dont just easily get hooked with big easy profits because leverage trading is somewhat close to gambling if you do ask me. many people just follow the euphoria at that time, they argue that they are afraid that they miss the moment, behind it all, it turns out that they don't have enough knowledge about the crypto market, and this will certainly lead to a disappointing ending, after their psychology is drained. |
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many people are trapped in that situation, they think when buying is the lowest price, but it turns out that the market says something else, and the price continues to decline, until the value of our assets may decrease by 25%. at this time many people love to take it off but for me we have to be firm to take action, discipline is required by a trader, if it has broken its work area, it is mandatory to cut losses
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Many got rekt because they are lack of knowledge in doing trade in the exchange site platform mate.
But if you are full of idea and wisdom about in crypto trading or bitcoin trading I am sure that none of the
community here will not gonna rekt in the end for sure. Instead, they're gonna get a nice profit in the end,
knowledge and experience is the best shield not to get rekt... The bearish market really makes a mental decline and surely many will panic and sell, those who hold will definitely not rectify because they understand that the market is only temporarily correcting, there is nothing to be afraid of. Exactly, if you have enough knowledge or at least have the experience, then definitely, you should have at least mitigate during the sign of a looming bearish market. But we really don't know that this is coming, so I doubt that many hedge their bitcoin. Maybe we still hold and hope that the bull run will resume, because that's what we wanted to see. So we really need to be very careful now, hard to predict where the market is going. We don't know if we have reach the top or not. for investors this may not be a problem. but for swing traders, maybe you still have to anticipate if the decline continues, because no one really knows where the market will run. therefore for me securing capital is the most important, because there are still tomorrows to look for profit opportunities |
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The use of technical analysis is very useful for scalping cryptocurrencies, because scalping requires reading charts and candles to determine the right exit and entry to profit. The scalping method is very good for those who cannot hold crypto assets for too long and want to get fast results.
I also like scalping methods with small but frequent advantages.
if the capital is bigger, the more profit will be obtained.
for those who are experienced in trading, scalping techniques are perfect for those who want to get results quickly but can be done many times in a short time. but for beginners scalping is not an easy way, because they must be accustomed to receiving profits and not being greedy, and must be able to accept losses if the analysis is wrong. it sounds simple enough, but not necessarily everyone can accept loss with discipline |
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Without proper backtesting-papertrading and money&risk management, just jumping on the trade. Also valuing other people's ideas and advices more than my own research and ideas.
Paper trading is the most helpful in my opinion because you gain the much needed experience to trade without the added risk of losing real money. I think my biggest mistake is I didn't enter the market really early. Learning things deeper before investing huge amount of money into this business. It helps a lot when you are preparing yourself, using virtual account and practice everything before dealing with it using your real balance, the more you understand the market the more chances you are bringing to your investment, A very common mistake that most if not all traders has been done while working into this venue of investment.. to understand the market we are required to practice doing transactions often so that we will experience problems and success in every transaction. that way we can evaluate both of them, so that over time we become more adept at trading. and we must be able to enjoy the process, because every professional trader would have done the same thing before |
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i have tried trading and discovered that i loose my self whenever the market make huge moves . i sold quite early at any bull market and dump at any instant of the bear market. So whenever the market is bullish or bearish you try to cash out your profits at an early stage without any technical analysis and when it's bearish you panic sell at that moment which is your problem.You get puzzled at both the stages which are sign of panic trader but you need to read the market trend first in bull run but in bearish just try to hold only. i find it difficult to control my emotions. since this year, i choose to move into farming, pools and it has been wonderful. It's not the case with only you but most of the new and non experienced trader in the market who lost control of nerves whenever there is FUD in the market or we witness normal correction period which causes crash situation in the market and they loose all the funds and then claim btc is bubble.Keep emotions separate from your trading journey which might keep you survival possible in this highly volatile crypto market. in psychological trading is the main thing that is attacked. a person will experience as if he was being played with by emotions, the heart beats fast, so he cannot sleep. but as traders, we have to be able to control that. techniques may be easy to learn, but psychologically, as if you have to be trained many times to survive in the market |
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I lost $3k during bullish trading yesterday before the market became a bear.
But since I'm sure the bear market will return to being a bull, then I'm not selling all my coins at the moment.
The current decline is reasonable because we have passed the increase during the bull market.
means that your cryptocurrency balance doesn't decrease, it's still the same. the correction that occurs is a natural thing where the market experiences a saturation period, so it is impossible to continue to experience a rally. If I am in your position, maybe I will do the same, be patient waiting for the bullish market to return |
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Yes, the post is not only about crypto payment method but digital fiat payment method. It is just showing how we are going into digital payments these days because of this covid virus. Not only in his country but around the world that as much as possible we want to avoid the use of physical cash. Ride-sharing apps or delivery platforms are now encouraging their customers to pay online to further avoid physical contact.
It's great not to come face-to-face with people who aren't necessarily healthy or sick in the future. Covid-19 is not a disease that is considered trivial at this time because in my country it is under strict treatment for direct transactions. If you violate these rules then you will be penalized and you could be jailed. So with virtual or digital payments it really helps many people reduce direct transactions. Take care of your health because this disease is not for entertainment. it seems that the covid pandemic supports an era of change, where digital payments are an alternative to maintaining health which reduces interactions with many people. after all health is of the utmost importance, and it is an area of the economy that adapts to it |
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How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
Richness can be seen in another perspective like something that is equal to the tax, from another definition of richness is a process of providing shelter, feeding properly, giving out some gifts, showing appreciations to people who are equal or less privilege, such as paying school fees to whom it may concern, so this idealogy of richness is a personal suggestions. the greater the wealth of assets owned, it is directly proportional to the amount of state tax that must be borne, from this it can be revealed the amount of a person's total assets. in terms of material needs, I think rich people have no difficulty |
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everyone can predict, and there is nothing wrong before it happens, because no one knows where the market will move. Like ethereum today, it's not just hitting $ 3k, it's currently $ 3400 and there's no sign of a crash yet. but we don't know what will happen after this
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for XRP $ 5 is something easy, especially since the XRP community is the same as the DOGE community,
yes these two coins have something in common in the strong community,
and you can see the effect of that Doge's price can easily reach 10x this year, and it is likely that XRP will also follow DOGE.
I have faith XRP will hit $ 5, but no one can predict when that time will come. for now XRP is at $ 1.7 and if we are logical with xrp performance I believe a 300% increase to $ 5 can be achieved, although currently displaced by doge. but it is still on top coins |
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Trust in bitcoin continues to grow and the involvement of institutional investor can guarantee bitcoin's future. If the government of a country is forever being tough on the legality of existing bitcoin, I don't think it will have a big impact on bitcoin. Adoption may still be hampered by it, but the government can't prevent the trust of these bitcoin users from growing. I am sure, for the following years bitcoin regulation will weaken even more when there are many countries that support its existence.
it can be seen today, where even though there is no full support from the government, many investors believe in bitcoin so that the government cannot inhibit it, even more and more stock markets are opening trading for cryptocurrency |
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That's like telling people to become poor and spend even it's not necessary. The covid pandemic has taught us to be wiser around this time. And even those people that has no financial background tells that they're becoming wiser because it's best to keep the money that you don't spend.
Well, maybe to you this is what you're doing or you're just telling this to everyone while you're doing the opposite.
It is exactly what I have in mind when I read OPs thread. I currently lived in a country where quarantine protocols still implemented, a massive unemployment rate increases, it is hard to find new job today but what I have been grateful today was the thought that I am now working in my own space, pace and doing crypto job full time. Personally, I can't agree with the thought of spending money now because we should still plan for the future. I couldn't contain myself to spend now because life is so hard and we should have to save for tomorrow. Just be wise with every single cent that you spend even if there's no crisis, we have to wise with the money that we've hard-earned. As much as I want to spend for things that are unnecessary, I'm not that type of person because there's really a need for me to save and keep into investments. investing and saving is not something stingy. but this is meant so that we spend money for a need not a desire. that way we will not have economic difficulties in the future. we know no one knows what will happen in the future, so at least we have prepared for the bad risks |
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things like this that often happen to us. when you lose sometimes feel heavy hearted to let it go, hoping that the market will rise again. therefore we must have a framework as a reference for our work. that way we will be disciplined, and can lock greed within us
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