Besides trading, holding, and bounty hunting, what are your other sources of income in cryptocurrency?
Can you tell us about your profitable ways of earning cryptocurrencies nowadays?
Unfortunately my trading sessions are not profitable these days, i'm also joining some bounty campaigns but most campaigns are hardly to earned even a penny. all my holdings in 2018 was already sold at less fifty percent of its original value, I might say that its hard to earn in cryptocurrency nowadays. But i was still lucky that i never give up my work in a company. salary from employment is indeed a very good source of investment, especially if we really intend to make investments that have a high risk. however, I also have a job, but until now I plan to build my investment sources from the internet. the point is, I try to build a web that has a lot of visitors, and want to do advertising from there, and the funds generated will be used as a source of new investment. But, so far that is all about the plan, and the source of my investment from the income from the work I have done to date. My source of investment is from my day job so it is simply from my salary. I allocate the 50% of my salary into trading for me to increase my capital where I can increase my diversification. Many of us are want to make an investment but the problem is the source of the money that we will invest. It is better if we will apply for job in order to have a capital for starting investment. |
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Be realistic on the rewards, are you even sure that the price of the bitcoin will easily become that? You are too greedy because you are not considering the risks and you are only focusing in rewards. That's the problem to other people, they think that the value will become instant million dollar per each. The ptice of bitcoin will not become like that easily, you should be aware to support and resistance.
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Buy in the dip is looks like simple strategy but it is really too complicated. You cannot know if the dip will dip.more or it is the bottom. There are a lot of indicators like moving average and rsi that can help us to create effective decisions. Buying at dip is a counter trend strategy and it is really hard to execute because of the risks.
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I do not have any plan to use trading signal platforms and I will never use it. My I will follow them if they are also struggling in trading. It is better if I will follow my own decisions that there decisions. Most of the trading signals or the pump and dump group are scams and they are only finding a dumb person that can be their victim. It is not a good decision to follow trading signal groups.
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Until now, problems related to scams became a global issue, because scammers are everywhere. Not only in the crypto world.
But strangely, the deception that occurred in the crypto world was more in the spotlight in the eyes of the world, therefore ICO
projects were a scam, become negative effect on the crypto world. We as crypto supporters must try to educate newbies so we
can avoid scam, because there are many newbie victims of fraud. I hope next year the number of victims of fraud can be reduced
drastic, because I'm starting to see now that people are good at distinguishing between real and fake projects.
Even though there are a lot of scammers in the internet, you can still protect your capital if you have knowledge to the investment that you will take. There are investors who easily believe to the attractive words of scammers. You can easily find out if the project is something fishy or not if you will research it background well. There are techniques that you can use like reading the reviews of the other investors participants. In their reviews you can see if the project is legit or not. |
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Philippines ruled the sea games and they are the no.1 in terms of ranking and medals especially in the game arnis. They got 14 gold medals in that game alone. I'm fully sure that the Philippines will be the no.1 at the end of the sea games even there are also strong athletes from other countries like Vietnam and Malaysia.
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Its a difficult advice to anyone in this forum and the forum almost have an anthem to invest only what you can afford to lose. Invariably a high number of members had invest their fortune in bitcoin at their own risk, and they have made a big return. Whereas some members loss, its just a difficult advice, take all decision with wisdom here at you own risk
Invest the money that afford to lose is the best strategy that we can use but if we will invest our money we should not put in in one investment. We should spread it to 3 or 4 parts. My diversification of investment is into 3 parts where I allocate my capital to 3 different parts which is 33% in every investment. |
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let's see whether bitcoin in early December can reach 8000, then in mid-December, hope it can touch 8800 so at the end of December possible to touches above 9000. we do not expect any more dump, but I expect it to be stable at 9k, so in early 2020 we expect it to go up to 10k because I think the peak of the increase will occur in 2020 and 2021 after halving.
The bears are at it again, after a few days in which the price recovered a little bit now we are seeing the bears making a comeback, I really expect that the bulls have some strength left to defend the price of 7000 dollars, if the price goes below that there is no telling how low the price will go. And while I expect the bulls to do everything that they can it seems the long term trend is negative and it will probably remain that way during the next months. The price of the bitcoin swing low again but there is a support at $6500 where there is possible bounce. The chart is still consisting of lowers lows and highs and it is still a sign of bear market where the selling pressure is high. I still finding a good entry for me to have good trading execution and of course to maximize my profit. |
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It is not good risk management if you will put 100% of your funds in bitcoin or altcoin. Diversify your capital and it is good strategy. There is no guarantee that you will earn money if you will put the 100% of your money in an specific coin. What if the coin that you bought goes down? of course you will get panic because you lose huge amount of money.
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The potential rewards in day trading is high but the risks are also high. In day trading there are specific trading setups that you should know in order to win. You should always monitor the price action in order for you to have control in your trades. There are a lot of traders who losing in day trading so not all of traders are suitable to it.
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I don't trust newbie accounts and plagiarised content, you should avoid copying people's content and this will mark your account untrustable.
And for the content that you have copied, Actually, bitcoin might go down not more than the value of $3000 and only below $6000 and this might happen before end of this year sowe might expect a hard plummet and it could bounce back the value and we don't know what range of value might it hit.
All I trust in trading is my self, I do not intend to use sentiment analysis where my decision will be based to other people opinions and ideas. My decision is base on the price action and I'm using technical analysis for me to have an effective decision where I can maximize my profit and lessen the losses. |
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Someone was asking whether they will continue to be holding Bitcoin even when the price is falling down, and yes of course there are people that would continue to hold even when the price of Bitcoin is going down. Some people are getting discouraged because of this price that has decreased recently.
I am not even worried about that, I'm still holding my coins and not minding the price that keeps fluctuating up and down. If you're afraid you can go for asset backed cryptocurrencies. And from what I've been reading lately online, there might soon be a bull run, some people will not believe it because they are afraid, until when it's late that is when they start buying out of FOMO.
That is the problem, people are still holding even it is bear market. They have too much hope even though the market tells them that they are wrong. Even they have a lot of patience, but still they do not have good risk management. They are expecting too much even it is far from reality then should change that kind of mindset because it is not good for them. |
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it's all about insights and opportunities, if people don't prioritize this, then they will always be in the same zone.
stupidity which has a connotation very close to poverty because of laziness, like to procrastinate, and always think instantly in using the capital they have. While poverty tends not to have many opportunities and must always struggle hard, if they do not try to find new opportunities, then their hard work will be forever only in one flat line of life. So the big principle of this is the laziness factor to try something in the long run and always think short.
Lack of opportunities are the reasons why there are poverty. There are people who are not stupid but yet they experience poverty. Do not consider the people who experiencing poverty are stupid persons. They do not have opportunities like the middle and rich class are continuing getting. But not always opportunities will find them, they should also seeking it. |
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there is such misleading news that is also manipulated by a higher individual that wants the price to decrease so much, there is really some force behind this and FUD is keeping out and always there I think many in the community are still believing it, but the showing market cap, and volume, in my opinion, it doesn't have any effect on the price of Bitcoin, the volatility is there even though it keeps on changing and right now showing a bearish movement, we should not always believe the misleading one out there.
Most of the traders are relying to fundamentals than technicals and for me it is not good decision. They keep blaming the news if they experiencing losses. They do not know how to cut lose even their portfolios are negative -30% and up. Do not base your decisions in just fundamentals, remember technicals are very important. |
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In the Cryptocurrency space, nobody is out to hand you free cash for nothing, some people see free signals groups and they join without even asking themselves why it was created in the first place, for charity? I highly doubt that would be the answer if they bother to ask, people always wants to make easy money and would do almost anything to get it without thinking of the repercussions.
As for the paid signals groups, they evidently are not doing it for charity but have you stopped to ask yourself why they would be collecting that kind of small amounts from you when they have all the knowledge in the trading world? They could simply have used the funds they have to multiply their cash by buying all the best coin and making huge profits daily, without having to carry anyone along too.
When you begin to think about it it doesn't really make sense, but newbies never think about this, they are completely blinded by their greed and by their desire to make money that they do not really think through what they are doing and when you add that they do not have any knowledge about how to trade any market then scammers have a very easy time to deceive them and taking their money, it is quite sad but if you do not want to learn by reading you will have to learn by experience which is many times more painful. Fake gurus and mentors are all over in the market, they keep giving an wrong information and ideas. Most of newbies are encourage to follow and listen to fake gurus because of their greed. The still not have enough information how the market works. But I'm sure that those people who have signal group will regret their decisions. |
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Before you allocate your money in gambling, determine first your daily expenses, monthly bills and all of the things that you need to pay. Allocate only small amount money in gambling. If you have good risks management then you can protect your capital as well as your profit.
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When I was a begginer in the market, my first sathosi are came from faucets. Faucets are offering free bitcoin but the value of the bitcoin that they are giving is very low. The best way for you to earn money is by using your skills in promoting different campaigns in this forum. You can join in signature and bounty campaigns after all.
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Hahaha. Funny if I must say.
It's the dark net though what do you expect, all unbelievable things happens there. Its more like the platform where people are fry to be weird.
As for your question, I can't say there have been anything weird similar to that.
My usual worries is when I remember how the early user of Bitcoin spend so much to buy a box of pizza, mind blowing. It makes me think of how huge Bitcoin will be in the future.
Due to its decentralized nature, bitcoin is highly used in the Deep web and the dark web by criminals. Moreover, that place should not be visited. Even the name suggests that it is dark place where all sort of dark activities happen. anyway, Nothing can be more painful than spending lot of Bitcoin just to purchase a box of pizza. actually this is the most shocking case. If only he had a little bit more patience, things would have been different for him. Actually, I seena thread before about buying drugs using bitcoin. There is a user who post a thread where he is willing to buy illegal drugs through the use of bitcoins. There are really weird things sellin on the internet that the merchants are willing to accept bitcoin. I think they are using the anonimity of the bitcoin and its blockchain technology for them to easily transact with each other. Dark web is really existing and there are illegal items there and their mode of payment is bitcoin. I saw a video that in dark web there are human trafficker, selling of illegal drugs, exotic animals and of course organs of people. Bitcoin has a characteristics of being decentralized and most of the people are using it because of it. |
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There are government that seeing cryptocurrencies as bad for their country and economy. I think it is because of money laundering and increasing of people who got scammed. Money launderinf and other cryptocurrency related crimes are factors why regulating it is really tough because there are law makers who are not favor to it.
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Just trade with bias. What do I mean bias? Tradr where your plan happened. There is no specific setup that can help you to win in trading just focus on trading setups that is suitable for you. Tell yourself if you are a momentum trader, range trader or are you the one who play bounces. Bitcoin is still consolidating but there is a high chance of breakout in $8000. I'm a range trader and I bought bitcoin at it dips and I plan to sell it after the breakout or if Zmy bias did not happen.
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