I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
I think so. As the data of recent months, as the price of bitcoin increases, the volume of altcoins also increases. Because bitcoin is the trend of the market. Selling process will take place only if users see the price going high after noticing increase in price ofcourse they will sell for profit. They are waiting from a long time and finally the wait will over if the price start increase trend. As we know that it is known by long term word so we should do the same to hold all our coins till high market where exactly we will sell for profit if the price increases according to desire of people. |
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all actions that lead to doubt or fear should be excluded. and this can be done only on the basis of statistics, and therefore on the basis of experience
Almost all the mentioned factors here above are the factors that can possibly lead to a loss in the first investment. There are certain rules you follow when you enter the market. Some strategies like the cryptocurrency evaluation is very important for it allow you to see in depth the future of your investment and the profit that could be possibly earned. Besides, learning from mistakes is the only lesson that is unique in guiding you in your own way so it is not a big deal if you loose in the start if you have what it takes to make things go well after that. |
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Binance continues to increase its influence on the crypto market. What is it working for you? Any complaints? I recently joined Binance, I think that was 5 months ago. Since then, I have no problem using Binance. I have no bad experience from it and I am happy with it. I also love the security of Binance (the google authenticator). Just like everybody "Binance is reliable" that is why I am comfortable using this exchanger. I have no experience with Binance but I know about it one of the best exchanges among all the other exchanges. Bittrex and coinbase with few more are also considering as best exchanges but I will choose Binance due to few things which made it best among all. Simple use and users will find it easy to use this exchange while other exchanges are a bit difficult to use. Furthermore, it has large volume for us so this is also making it best for all. |
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I actually think that we have decreased in numbers of scammers because crypto is decreasing in popularity right now! Many of good ICOs are not even reaching their soft cap so there are not a lot of investors left to be scammed! When market recovers and prices go up again they will be back also!
It is negative not only in the crypto world or specifically in the Bitcoin trading but also in the fiat currency so we should neglect this point from center. Scammers are everywhere and the only way to control them is what our governments do. This will not affect Bitcoin or any other crypto coin as long as you use the major and highly rated tools for your trading like best exchange that is Binance and few more along with safety of your passwords etc. |
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many people search for cryptocurrency more because of its volatility, they want to make lots of money quickly, it has become human nature to have something or a lot of money, I myself invest and trade in crypto because I want to find a little extra money for my life, I choose trading and also learning to be a holder, for me crypto is only a side job, because it is too high risk to make crypto as the main job
Actually the bottom-line and the trick to earn in cryptocurrency is long term planning. It is only the long term investment that has been instrumental in giving away profits in millions and to some in billions. Tim Brater invested in 2013. Winklevoos Twins invested in 2010 It is five year gap the most that is enough to make you a rich tycoon only if you invest in bulk. Tim brater invested $20 million and Wninklevoos Twins invested $10 million but the length of their investment was so long that the addition to the value of a single Bitcoin was whooping amount. Better stay motivated. |
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I think what makes a lot of traders can be very successful and can get a lot of profits is because they can control the patience they have so that they can make this trader be successful and never lose because they can be patient.
I believe that there are many thing that can keep you motivated and can help you succeed but the main factor is the mindset of an individual. The more you learn and think about making an investment and its possible outcomes and the probability of its success, the more good things go. Mistakes are great teachers and learning from mistakes helps a lot. I think one should not limit ones investment to a single asset and should invest in multi assets to be a great trader. |
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To balance, you should buy, do not pay attention to the market, just buy when the market drops and sell when the coin increases, that is the strategy I do and apply in this time.
I think this is about the maximization of the profit you are talking about. About the management of the portfolio and the rebalancing, you can get enough information on the search engines. What I think can be effective is the allocation of capital to invest in assets according to the profit ratio. The more as asset gives profit, the more you allocate funds for it. But in the same time, invest in the rest as well and this diversification tends to reduce the risks hence the management. |
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crypto is a new technology and many of the countries in the world have not prepared certain rules about crypto, ranging from taxation for crypto mining, taxation for crypto investment and also for trading taxes
Actually it grew very quickly because it is the technology that could be operated from anywhere around the world and initially all the people around the world were so excited about this new way of earning money that went viral. Those who invested for long earned great outputs and still are the richest people in Bitcoin. However, they fear the implementation of tax on cryptocurrency for it might make them pay a part of the money they would earn in crypto. Due to this, they fear to invest further. In addition, if the cost of mining after imposing tax exceeds the profit they earn in mining, mining will stop. |
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We have been waiting. So far the signs are not indicating something of such, but we are hopeful. It's less than four months till the end of the year. We are still open for the possibilities.
large institutions enter and prices of bitcoin and ethereum will also rise like yesterday's ripple, I am very sure that November or December prices will definitely rise There is no impossibility that the participation of big institutions can push up the prices. The more influential people enter and invest, the more will the market respond to the rise in the demand in terms of rising the prices. But this is just one factor which might affect the price only few percent. The real agent that can very easily do so is the government that if decides to recognize it can add huge level of demand to the aggregate demand and hence the effect on the market could be very clear. |
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It is simple. The less you check the prices, the less you get affected and the stress does not build up too much in your mind. Anything related to crypto is really not that good especially when you invested a lot I'll stay away for a short period if I were you.
I think that one does not need to keep checking the price level in the market if the investment is already been made. Regardless of what the market price is, or even if the market price is declining, almost every investor tends to hold his coin till the market is in boom or till the worth of his portfolio reach to the maximum. Checking the market price every now and them means that you are impatient about the output of your investment and this is an alarming condition because if that is so, you are likely to sell your coins out of panic as the price further drops. One should rather adopt a much rational way to deal the fall and hold on until the market is in full swing to give back. |
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Risks are part of life and there is no success without risk, but in crypto there different levels and type of involvement and each has its risk requirement. In trading, using a stop loss helps while making an investment, it is what I can afford to lose
Yeah, and they are always going to be a part of our lives generally. However, the way we are able to minimize those risks depends on our level of knowledge with respect to those risks, how to manage them and how to always take advantage of some of the opportunities that follow it. As much as a lot of people say you should always learn to take risks, but at the same time, I will say, if you take risks without plan and knowledge on how to manage those risks, you will always fail. |
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so far crypto almost all corners of the world already know what crypto is. we have found a lot from social media advertisements and news on television talking about crypto. like me following the bounty is a form of disseminating information about crypto to my social media.
Of course, and it is increasing by the day, every now and then. Most places I go to today, there will always be some discussions about crypto and I get amazed at the rate at which people really get to swim in the idea of how cryptocurrency is really more like a savior to the ridden fiat over the years. I believe cryptocurrency will keep growing, governments will find a way to simply adopt it and then make it an alternative by regulating it, and then we will get to see everyone happy. |
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At first I knew about trading from my friend, at first I didn't understand what trading was? how can you benefit from trading? Can trading be trusted?
then I started trying to trade on bitcoin,
at that time the price of Bitcoin was still 1800 Dollars and I was trading with capital of 500 Dollars. after 1 month there was no result then I transferred to my bank account but after a few weeks later the price is like fly to the moon and I was very depressed.
Depression at the end of the day is usually one thing that would always set in when you just hear about trading and feel you can just hit the charts immediately and start making profit. Trading requires knowledge and you can only get that from learning, it requires high level of experience and there is absolutely no way you can get that without having to practice for a while, but because a lot of people just heard they can make profit from trading, it would just come by easily. |
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Forex trading is risky and a lot of money are being lost and also a lot money are made. You need to learn how to trade and you must have a mentor who will be there for you after your learning. Both Altcoin trading and Forex trading are same except for forex you trade on fiat while for altcoins you trade on coins or tokens. Both need the trader to be experienced to make a living out of the art of trading.
Bro, there is certainly no form of trading that is not risky. The essence of gaining huge level of knowledge and experience before you start trading properly is so that you can be able to manage those risks and minimize them. Just like any other market, as long as you are not knowledgeable enough, you are doom to fail anyway. I would not say both altcoin and Forex are the same, they are in par, and it depends on the Forex pair you are trading, that the volatility can be compared to that of altcoins, but all in all, be it Forex, crypto or stocks, if you have no knowledge, the same fate awaits you. |
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In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
You can always be greedy depending on the market situation, the prices right now is dropping so it was the best time to invest a huge amount. Which in other words mean to stay greedy when others are afraid. This is a wise statement in terms of availing opportunities. Since this is the initial era of cryptocurrency, it should be kept in mind that the marginal benefits will be very high in long term. Greed in economic terminology is the name of monotonicity which is the assumption for every individual who is in the market and is taking part in either production or consumption. |
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If you want to become rich and want to master, you must study Economics. For those who want to invest in this market, don't study economics, you won't have the knowledge to invest.
I know a lot about economics and all my studies and research I have done so far implies only one thing that is called rationality. The assumption of rationality implies that you know all about the market and the profits and losses. The assets that can replicate your wealth and those who have risk attached to it. It basically tells you what to do and how to do it. We have so many concepts from both consumer and producer perspective so economics covers almost everything in the current world. |
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I think that after a few years it will be worthless money, I think it will continue to develop and develop, because now there will come a new crypto era
I see two very contrasting statements in your post if I understand it correctly. About the advancement you are talking about, of course in the ext few years, Bitcoin would have spread more than today we can speculate. Also the number of users would have increased as thereby rising the market demand and hence market value. This prospect of development might pose severe threat to the international currency like dollar because it would be much convenient to use Bitcoin for the dealings. |
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Right, I agree with your gold and silver are safer and provide greater profits than deposits. the longer the money is saved the more the value decreases due to inflation. and fiat money is influenced by the instability of the dollar. so saving money in gold and silver is more profitable and safe.
Some $40,000,000,000,000 is invested in gold worldwide. As they say "money is measure of success" Gold and silver both are precious metals with which one can make money after selling it on high price in its high market. Furthermore gold and silver both are safe and easy to handle, On the other hand banks will cost you per month or annual cost from your banks account and there are many other terms and policies of banks so the simple investment in gold and silver. This concept of keeping the money in banks for interest has destroyed many economies. IN the European countries, there is a trending concept of negative interest rate right now that is the bank will charge you fee if you want them to take care of your money. This has given rise to investments because people do not want to pay the fee so any excess of money that they have go into investment which further results in the production of goods and services improving the GDP. So yes it is good to invest in gold and silver rather than keeping it in bank. |
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Blockchain borned as a way of decentralization of the economic system and powers. An alternative to an old paradigm of a few that have control on everything. Knowledge can be controlled too... and it is the most important part of us. Without knowledge we are nothing. We should start taking the mentality of creating new types of wealth for the world. This could be done by helping others with our experience and knowledge, opening door for others. For me... my dream was working in the automotive industry. Designing cars and bringing them to life. It took me years to arrive to the place where I am know. And a lot of effort and dreams. Specially because I came from a country where doing car design is a big big dream. South America is not the friendliest place to have a dream. I am really great full to a amazing person who showed me the way. Just a few words can change everything. Nowadays he is my mentor and a good friend. My proposal to you is that I can teach you what is really important in order to become a digital modeler for the car industry... and I mean doing crazy cool cars. In exchange of nothing... just your experience or advice in something that you think is worth knowing or exchanging. I hope all of you can achieve your dreams one day. And I am sure there is someone out there who had the same dream and he did achieve it and he would be happy sharing with you his key to success  Peace ! Unfortunately, in my country is not a place where building cars is called a thing. I see a lot of people with great talents but no one cares, they just applaud them and wow, and that’s it. The government is not even ready to invest on their citizens who’s got talents, they just let those talents die off like that, and that very bad of them. I just want to do business and that’s all, cause that the only thing that can help you succeed in this country. That’s the problem you face when you’re living in countries where the government are just bunch of criminals. Well, these days all governments are criminals, any great country today is living on the glory of the old days, cause every government we have now are just criminals and corrupted minds who never look to do something good. |
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You are very right, now there are many exchange places that have fake teams that even have fraud at the exchange place, you should be careful not to choose a fake exchange place.
for new markets that are not famous, do not immediately transfer all assets directly. but you can test it, or divide it into several stages of transaction, thus reducing the risk, and we must find out the validity of that exchange whatever promotions and bonuses in new exchange should not be too rash to make a large deposit. yeah it's good if you test first with a small amount of deposit, and you can ask in some forums about the security of the exchange. for myself I will use the exchange that I have used for a long time which is trusted and safe.. There are more chances of scammers and hackers on internet so you should be aware of things which can trap you at any position. So better you always proceed for highly rated and recommended exchanges like Binance and few more. Always avoid proceeding for other exchanges as if you have Binance then what else you want. You should not go for those coins which have no satisfactory demand so always proceed for Bitcoin and few other best coins. |
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