BlockChain is an innovative development that has high potential to give effective output than the traditional system. Banking system is a proven process and it is universal. The blockchain usage into the banking system will happen, and the same isn't a solution or replacement. Already more banks have developed their banking system on blockchain and few were under testnet.
Blockchain will not just change the blockchain system almost everything including as long as it needs recording or databases. NFTs are just one of the purposes of it and we wouldn't even count what it could do to piracy. The banking system will however have to adopt the technology for its relevance. If you look at what paypal and Visa did for cryptocurrency, they will also do it. every development that provides effectiveness and efficiency in a job will replace the old system, to make the work easier. we can see the relevance of blockchain, and actually can represent the banking system for now. whereas in a country of course there is a bureaucracy that must be obeyed, so it cannot be easily replaced, of course there must be several relevant agencies that approve it |
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at first I was taught by a friend, and I followed his trading style, until finally I was able to assess and find a trading strategy that suited me through various sources, including youtube and the telegram group, we can pay attention to each person's trading style which is different for make a profit, so hopefully later I can trade in my personal style and comfortable for me
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The whole bottom for trading is to make profit either with the use of indicators or which ever strategies you are using. If you are too greedy to go all in or after making 5% you want to wait till it reaches 10% and then later wait till 20% and 30% , in a single move against your position you will loose all your profit if not capital. So, be careful with whatever trading strategies you are using to avoid too much lost.
Strategies should be more on your advantage because you are playing in the market with a great weapon, so finding your best strategy is the key to succeed. As per defensive trading, maybe its more on a profit taking strategy and cutting your losses, technically we all have that kind of strategy, we are just different in execution. Believing our self that we can protect our fund from losing through using effective strategies is good enough. Honestly, if we are too careful in dealing with the market changes and have huge knowledge of the market, I think that was enough to keep our funds intact and even to grow it more. What it becomes difficult for us and struggling hard to keep our funds safely is because we sometimes drag by our emotions. This is the biggest challenge for everyone and this is the common reason why a trader is committing mistakes leading to worse ends. Emotions are the biggest challenge to face when trading. to control emotions of course we need real trading practices, so we can feel it, at first even though we already have an analysis and are wrong, sometimes we find it hard to cut losses, and that is the first challenge for traders to keep their emotions in order to be disciplined with analysis |
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I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong. This had helped me many times to get more trading knowledge that had improved my entire trading.
The biggest mistake in trading is opening a new order without taking into account the evaluation of the previous transaction, which led to a loss. Not everyone is ready to analyze their mistakes, choosing a tactic that is more inherent in the casino, opening an order in the hope of recovering what was lost. it all started with the ambition of wanting to quickly return the lost money, but they did not realize that their minds were still in turmoil, and needed to calm down first. and what happened was that he suffered a deeper loss. Therefore, after we experience a loss, we should refresh for a moment, then return to the market. This is a small thing that is always underestimated by many people. |
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Investing in bitcoin needs capital. If you have it and you are open on any posible outcome then invest now and also remember invest how you can afford to lose because investment really comes a risk.
If your really want to invest too big then you must first accumulate information, seek advices from those who has many experience because anyone can learn more through experiences than reading on articles.
experience is the best teacher. so every incident when trading or investing, of course, we have to study so that later if we find a situation like that again we can respond well. when we have more money or free money, we allocate it as soon as possible to invest, so that later we don't feel disappointed because of inflation, so make it a habit to invest, not save in the bank |
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The hatred will always be hatred, no matter how hard you try to change or explain that thing. If they really hate crypto and try to make bitcoin down by spreading much bad news about bitcoin, we can not stop them and need time to understand what cryptocurrency is. If they really do not want to know about crypto, they will be like that. But once crypto becomes global, they will start thinking that what they did so far is wrong and slowly will open their minds and rethink accepting bitcoin as others. Maybe some of them lose a huge amount of money initially and can not accept that. There are a reason why they did that and we do not know the truth.
sometimes we find it difficult to distinguish between hate and strategy in crypto through good news and bad news so that it affects price formation. someone who spreads hateful news about crypto may be expecting the price of crypto to decrease so that with large capital he will buy and turn around to spread good news, so in essence they don't really hate cryptocurrencies |
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the question is what is the basis for the low price and what is the basis for the high price? so in my opinion what is more specific is that we buy when the price is in the support area and we sell it when the price is in the resistance area, or if we want to speculate we wait for the price to form a new ath. and for the price area points, we can validate it by drawing the Fibbonaci line
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In my opinion, that will not happen to BSC. BSC will remain the choice of many projects for a long time. Because apart from the gas cost which is cheaper than ETH, there must be other things to consider. However, ETH will still be as it is now, which is above BSC even though ETH will make changes to the shortcomings that are considered as their current weaknesses.
In principle, what you say is exactly what I mean. For me, ETH will still be above the BSC, even though many are currently using the Binance smart chain. And I'm also very confident, ETH will fix its shortcomings, and the fate of BSC will remain as it is today i.e. many projects are interested in using them (it won't be like binance DEX). The main proof of eth improving its network is where the fee rates are normal for now, and I think ethereum will still be below bitcoin, even though currently Binance has a BSC network with several advantages. I think both are good altcoins, if I may choose to invest in both it will be very profitable in addition to having security, because it has a clear product |
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If we only have $200 to invest, I think I'll split it by 2 to invest between bnb and ethereum. I prefer the two altcoins because they are believed to be safe to invest in and also have the potential to provide greater profits. especially bnb where the current price is still affordable, and by having a real product and selling well in the market, it is possible that this altcoin will provide maximum profit, besides security of course
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once. I often experience this incident when trading. when we have set a work area and then place a target and stop loss, when the analysis doesn't work and breaks in the area that has been set, often I still shift the stop loss, so I experience more losses. or often I set a target, when the price is running profit I can't stand to immediately close the transaction, so the profit can't be maximized. here is psychology and discipline that must be determined
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Knowledge is very important, because with knowledge you can survive. Maybe the time taken for the success or the target to be reached gets delayed. If one has money, he need to learn through experience. Both has the good in it, but what is more powerful can be defined in a simple way.
One can make money with his knowledge, but the knowledge can't be bought with money
Knowledge is the key to success. although we do not have a large capital, with knowledge I think we can develop the money we have to be successful. we know so many billionaires came from having nothing. but indeed we cannot deny that having a large capital will smooth out our efforts to develop faster with good knowledge balanced. so we are not surprised that many rich people are getting richer, because he always wants to find opportunities to place his investment in various businesses |
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Crypto and forex trading are very different, in particular, the volatility of the crypto market is much higher than that of the stock market.
Consequently, the risks are incommensurable, but the opportunities for obtaining potential profits are much greater, along with the opportunities to lose all the money.
in forex a 100% profit is a very good achievement, in contrast to cryptocurrencies, where it seems that it has become a common thing to achieve the 100% profit. of these two things actually spoil us where we can choose risk-adjusted trades. we can see forex news at forexfactory.com, where usually a trader will avoid news at certain hours that have been scheduled let alone show red. this is different from the crypto market where there is no clock schedule for every news |
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Obviously, the more your capital, the less market volatility will affect you, but your waste and risks increase in proportion to the amount of funds.
For example, with a large deposit, you can lose a lot of money on commissions, and with a bad market, you will lose a lot on transactions.
In general, large deposits are not for beginners.
It will still affect you with the market's volatility. But we both do agree that with such amounts, it's not for every newbie because it's risky for them and that's what they should study first and make a decent strategy through depositing with smaller amounts. It suits them as they start. it is better to understand it first before deciding to trade or invest. especially for beginners who have little capital. but in my opinion even if he is a beginner if he invests in the long term, I don't think it will be a problem, as long as he knows the risks to volatility that can affect a person's psychology. especially in the current conditions, of course investing will minimize risk and of course by choosing the coin with the largest capitalization |
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seeing the development of doge where it seemed that there was an increase that didn't last long, and as if this was like Elon Musk's game, after leaving bitcoin he switched to a relatively low-priced doge, until there was a massive pump, on the other hand he preached about this trend so that it made people believe to buy it, and of course not many people think there will be a fantastic increase, and finally a dump occurs, although many people make people rich, but doge also makes a lot of people miserable and suffering. and at the moment I think it will be difficult for doge to go up to the price of $1
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this is healthy competition. where ethereum and binance are both vying for the hearts of their communities. With the development of the Binance Smart Chain, many new projects have used its facilities, so that many investors will use it. With low fees and satisfactory transaction speeds, Binance is increasingly in demand, and also with today's trusted exchanges making it more capable of facing the future. and of course if it continues to be developed to serve the needs of its consumers, of course later binance can be side by side with ethereum. Moreover, the price of bnb is more affordable nowadays, and has great potential, so it's not surprising that many investors are starting to buy it to invest
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The main thing is panic. They see the market dumping they sell their assets without seeing their losses. They got panic. The other thing that you have mentioned which is People like Elon musk do shilling of their favorite coins and people but that coins without thinking. I hope now Elon Musk will not manipulate crypto market.
most of the problems new people invest are ambitious and greedy, who are jealous of seeing people playing crypto looking for big money easily, just want big profits but don't know the method to do. my advice for new people don't use big money for investment and use cold money... That's because most don't understand how the crypto market moves. new people in the crypto market with no learning and no experience, of course, it will be very easy to lose their money in trading and investing. this is very difficult to explain to new people who don't open their minds to something more complicated learning. because what they think is big profits quickly. The mistake of thinking of ordinary people who enter the crypto market is, they imagine to get a lot of money in just a short time. of course they are driven by a passion for it and for sure they do not understand the crypto market. and in the end like the topic in this thread, there are still many investors who are losing money. for example, when the market is in a bullrun, there is a lot of news about crypto, so even ordinary people become enthusiastic to enter, when he enters the market and buys at a high price, many experienced investors start taking profits, so the market goes back down and they keep holding it, until finally they panic when the decline reaches 50% for example, for fear of losing all their money, then they panic sell and sell it, as a result they lose, actually at that time it was the golden area, where traders bought back |
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Bitcoin price fluctuations are something natural, because they are formed from the law of supply and demand, with different people's thoughts and views on the market, so there are traders who sell and buy, resulting in a green or red candle. if we hold bitcoin, then the amount will remain the same, only the value fluctuates. bitcoin is not a stable coin, if that happens, I don't think there is anything special about bitcoin, and speculators I don't think are interested in coming, because they certainly can't make a profit
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I think the essence is different. people being fanatical about bitcoin does not mean bitcoin becomes their religion, but because bitcoin provides real benefits, so maybe whatever people say they will not pay attention to, in religion it prioritizes spiritual needs, this is different from bitcoin which only prioritizes business. on the other hand bitcoin can be manipulated by someone, but will this apply to religion, where its teachings are absolute and inviolable
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Bitcoin, which has existed for more than ten years, is indisputable. It is tenacious and unbeatable.
With more and more people's attention, its price will definitely get higher and higher.The market value will also increase.
What we have to do is not to predict it, but to wait.
what we have to do.. we can support bitcoin until its popularity is more increasing, such as introducing it to laymen who are not familiar with bitcoin and can be avoiding pessimism/desperation. This is a special hope/opportunity for humans and predicting it is a natural thing that many bitcoin enthusiasts often do, it can also be used as motivation and encouragement for confidence/optimism. logically at this time where the adoption of bitcoin is still carried out by only a few people around the world, even from previous research it seems that there are not yet 2% of the world's population, and until now the development of bitcoin is very significant, we imagine if later 25% of the world's population has adopted it, let alone getting support from the government, of course this will be a very big opportunity to invest in bitcoin. and until now, with existing experience, bitcoin seems to be unstoppable, because even though there is a lot of news against it, bitcoin is still developing |
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Although there are usually corrections in the price of a cryptocurrency, it is usually bullish on the long run because of its adoption in the mainstream or the crypto community. This adoption, however, increases with time which makes it bullish.
The price of bitcoin 10 years ago is really low but with its adoption over the years, it has grown to what the price is today. This means that someone who invested in bitcoin 10 years would be swimming in profits if the person didn't sell
The exchange rate for Bitcoin is solely dependent on the demand-supply equilibrium. That is not the case with other assets. For stocks, the price will depend based on the fluctuations in revenue or profit for the parent company. For gold, the prices will depend on the changes in annual mine production and recycling. But these factors are not applicable for Bitcoin. Even the changes in mining hash rate has only minimal impact on the exchange rates. It is the difference between supply and demand which determines whether the price goes up or down. this is the interesting thing about bitcoin, where the price formation is purely from supply and demand, so it is not surprising that the fluctuations in price movements are very high. this is what makes traders who dare to take high risks come to trade them. when the bullrun occurs, traders begin to arrive, plus if the news supporting bitcoin comes one after another, this causes the buying of bitcoin to last for a long time, until finally the bad news started to come and the price increase experienced a saturation point, so the price was corrected again |
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