With bitfinx shutting down its service and coinbase being priced very high which other service do you use?
Yes, binance. I think at this moment binance is the top class market place for bitcoin or other altcoin too. They have unique system and various tools to trade which very much easy to learn beginners. In my opinion they have also good security system that make you unworried for your coin. You can also BitForex or OKEx if you want.  They need to, with good security, they can maintain their good reputation. A lot of option for traders in case Binance will loss it's reputation but they won't allow that to happen as they will surely loss a big money and will be hard for them to recover and come back at their current standing now. And with every new user comes money so yeah, security should be the top priority for any exchange. And binance also has a good, easy to ise mobile app that makes it easier for users on the go to check their assets or the price movements without opening browsers on their mobile devices. |
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With cryptocurrency patience is a very big factor that every cryptocurrency user need to possess. Over several surveys taken with the cryptocurrency users, majority of the users profited after long term holding. Also when asked about the holding time period, it was mentioned that they hold for at least seven years time to profit good after investing.
Actually not only holders who need patience in cryptocurrency, but even all investors, and traders. price changes in the market can bring prices anywhere because of their fluctuations. for traders, of course they will often see prices fall, and they must be patient to wait for recover prices or do cutlose, generally patience is needed by all users to make profit Patience is the opposite of being anxious and panicky so of course it's extremely important. Though it's going to be a hard practice especially for newbies. But it can't all be just patience. One should also practice critical decision making and to be flexible if the market requires it. |
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Because majority of experts will just keep the their trading secret within themselves.
Yes and I think you are correct. They could see it as time wasting because they can go in there and make the money you as quick as you can't imagine. They might join a signal group for leisure and give signals if they want to. Experts or not, that's how these people make money. And don't misunderstand, there are really a lot of experts offering their tips for payment but there are also those that only want to take advantage of people who won't learn on their own. There are people who also offer free tutorials and tips for those interested but you have to subscribe to their channels. These people have the capability to make money out of youtube so why not utilize it. |
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Here we can say that we are talking more about intuition, but it needs to be very well developed to predict in most cases the course of further events
Sometimes our instinct was telling the truth, and we are missing the chance to pick the right coin. I have this experience before, if I follow my instinct, I can make a big profit, but unfortunately, I don't trust my feeling at that time, so I only make a small profit. And after that, I will listen to my instinct, but I still do analyze to decide if it's a good time to buy or sell. Following your instinct is not 100% chances you can get a good profit because you only thinking what will happen to the altcoin. For me following a technical analysis is better because it has a sign tobe pump or dump, Im notsaying it has a 100% sureball but based on my experience its better. Who says it's going to be 100 percent? Even technical analysis won't give you perfect trades all the time. Sometimes i do follow my instincts when i make trades and there are a lot of times when i can say i made the right move in following my gut feel. The more experienced you get the more reliable your instincts would be. |
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Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
They are out there but they do not have any necessity to prove themselves to anyone else, after all if you were a successful trader would you tell everyone on the Internet how much money are you making? You will only make yourself a target for hackers and that is never a good thing, so is likely that there are many successful traders in the forum but they are not bringing attention to themselves out of fear or just because they like to keep their privacy. Yeah there's no logic to why people would brag their successful trades unless they're with other friends who are trading as well. And with the number of traders in this market, of course there are a lot of successful ones. I can say i'm a pretty decent trader myself and i don't have to prove that to anybody. |
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The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers
That's not just mistake for a novice trader. It's a mistake to all, it applies to all and also me. I've been trading for almost 2 years now, I'm just following the trend. It sucks losing trades of course, but chasing profit is not the key for you to win those trades you lost. It could get worse. at least the mistakes you have made can be very important lessons for you so that now you have had a lot of experience and can make you rich and successful when trading. Trading for a long time doesn't excempt you from making the same mistakes as newbies would. I've been doing trades for almost 6 years now and there are times when i still fall to either greed or panic when the market moves steeply. The advantage that we have is that we have experiences that we can rely on to make up for those mistakes, unlike newbies. |
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If someone had to start trading to build up their nest egg and had $30 to throw into the mix where would you put the money?
Since it is a small amount, I recommend you to invest into a coin that can offer you a lot of profit. I think for a reason that I want to invest that 30 usd to TRX. This coin is just keep on improving. And I continue to invest in this coin because I think this has a great potential. Seriously, don't listen to anyone telling you about some coin like this. TRX even I have a little, but I would never tell anyone to invest in it if that was all the money they had in the world. Build a nest egg with something like Bitcoin, but really, don't even think of putting a single cent into crypto unless you're willing to lose it. If you really want quick profits, you're better off gambling it. He actually said it was a small amount so he'd throw all of it in tronix. If it was a bigger amount than 30 dollars then it'll probably be a different story. 30usd in bitcoin would have very little movement compared to when you place it in a much lesser coin. I wouldn't mind getting all that in trx or even btt. |
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I am not really stress about the bear market, right now is the best time for investors to buy bitcoins and this is the opportunity to them to buy more because of the cheap value of it and in time for sure cryptocurrencies will boost again. This year is really not a bad year for crypto unlike last year 2018. This 2019 is better for me so I am hoping for a good outcome of this bear market happening because for sure everything has a reason.
we have to optimistic about current market condition, although all cryptocurrency not recovered yet.and it should be our opportunity by buying coins that have low price. Indeed chose the one which has low price because instead of being worry about fall of price, we should try to take the advantage buy some at low price, there are so many coins in market, I am not gonna advise you to trust every coin, just buy bitcoin as I have personal experience with it, bitcoin now a day it at low price but it has great potential to make profit and increase in price, it falls only for temporary interval of time. The ones that are stressed out are the ones that are at a steep loss right now. And i don't think there are many of them remaining in the market. Most of them exited already, never to be seen again until the time that bitcoin's price goes up again. The bear market should've been a breather for traders since the movement is't quote suitable for aggressive trading. |
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It takes money to make money. Even if you win the lottery you will money to buy one in the first place. Get a job, save money, and use any spares to invest in crypto currencies
Many people would still want the shortcut to being rich though. Who wouldn't anyway. But it will take time and sacrifice if you're going to start from scratch. Important thing is that you know what you want and be diligent in making it happen. Some rich people took years before they had their status. Better to look at them than those lottery winners. |
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In fact, smart people will no longer want to invest in cryptocurrency now this time. In my basic idea they would want to invest in some of the products that would have a huge demand in the crypto market. Because they always think that their investment is a property.
Intelligent investors will invest now a day because price is not very high, if waiting for more time will increase the price but it will not be good to get in market, high price time is good only for sellers for buyer price should be low so that they can sell when market will recover the value, with high price. I don't consider myself as an intelligent investor in crypto, basically because i'm still making the same mistakes a lot of times. I'm a decent trader and investor at best and i'll admit that i still have a lot to learn. I also have an amount set aside for long term holdings like 5 years or more. At least in that part i can say i'm trying to be intelligent. |
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The person with 200000 thousand dollars now has only $ 1000. this person is me  I learned from my mistakes. I got into this market with all my money and now I'm on the poor.. in addition to this warning, I would like to say, Use stoploss!! Don't worry bro you're not alone lol. A lot if people have been too eager to make easy money the last time there was a bull run, without even thinking about their actions. I can say i'm with you in making that mistake. Thank goodness for stoploss. But yeah, i think people have already learned their lessons then. |
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the year 2030 is still quite long and now we should think about what is now. our future starts to invest in order to be able to benefit and now we focus on ourselves to be able to benefit and also meet our monthly needs
That's 10 years from now and bitcoin's price may have skyrocketed to the moon already by that time. I could be managing a big business with the gains that i got from holding bitcoin for that long. I'm actually preparing for that time now. Coins are pretty cheap and who knows how many times the price would go up in 7 to 8 years. My holdings would probably be enough to use as capital for a good business. |
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in my opinion when there is a war and a big disaster the value of bitcoin will tend to go down. because in difficult conditions like that we will be more likely to sell bitcoin for fiat money. or maybe the internet network is broken so we can't access bitcoin. but hopefully that never happened. so let us keep the earth root always comfortable and safe.
logically, indeed, with widespread disasters, especially in countries where the number of bitcoiners is large enough, it will reduce the value of bitcoin, because they will sell their assets to survive In any case, i don't see any positive effect from global disasters. And depending on the severity of the calamity, we may even be cut from digital use entirely. People would have other things in mind when that time comes, mainly for survival. Who would take the time to check on their assets when your roof is caving down. |
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You have watched bitcoin since 2013, you should not have to ask whether you have to invest or not,5 years of watching that I think is enough for knowledge capital so you are quite experienced,and in my opinion now is a good time to collect some bitcoin.
yes, you are just like me. I have also started my career in the world of cryptocurrency for a long time. well, you could say this is a good price for having large amounts of bitcoin. but, you have to really consider the risks before you invest, because anything can happen. Every investor has to understand the risk, we have different risk level in every investment and it so happened that crypto is considered as high risk, at least in my own analysis. It's easy to invest if we only think of the positive side, but hard when we consider the risk, so in order to ensure we are fully approve of what we are doing, we should carefully analyze, know it's potential and then invest. I think we've had the worst already for this year so this point is a good chance to get yourselves some cheap btcs and other alts. I'd expect that even if the price moves slowly, by the end of the year you should still be in profit if you buy in today. Much better if you can hold beyond this year because that's when real profit would come. |
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Well, I still need it, maybe digital payments have occurred in developed countries where cash is no longer used too much for transactions, but for new things like my country, it still takes time to change systems that previously existed.
Even in developed countried where they use digital transactions a lot, you still can't take away the importance of cash. You can't find credit card terminals on the streets for small things you have to buy. So the answer to the question is obviously yes and i think that applies to almost all of us. |
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In my country there is no wide spread in the payment of cryptocurrency. For me, this is a way to accumulate and multiply capital. Investing in the future. The inability to spend crypto momentarily for me is a positive thing, since then the crypt accumulates. What does not happen with ordinary money.
same as in my country, where crypto is still banned for payment instruments, but for everyday life, I do use the results of cryptocurrency, but I convert to local currency first, so it does not violate state law If you convert your crypto currency into fiat while using then you don’t know the real value of crypto currency, it is applicable to buy goods at my place and I personally feel good while purchasing with crypto currency as compare to fiat one, for this we will not have to travel so long distance just to buy a single goods we want to use. unfortunately, in my country there was still little that facilitated the use of crypto for payments. maybe we, as bitcoiners, feel like immediately, many shops facilitate crypto payments, but this is collided with the legality made by the government. therefore, I hope that the first one is that the government will immediately legalize it It's understandable given that cryto is still at it's early stages with adoption not that widespread yet. But eve if i had the chance to use it daily, i probably won't. It's easier to use fiat and in bitcoin's state, it's better seen as an investment rather than spending for commodities. It would be a waste if the price would spike to another all time high and i've spent my btcs already |
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For the true believers, Bitcoin will always have value as long as it exists.
We will be happy to work or sell goods for 1 btc even if we know the price will move in the future.
The increase of true believers, of their revenue and of their networth drives the price up because as they get older, they get richer and as they get richer, they get more bitcoins. The process takes year and increases bitcoin's strengh and bottoms.
It's not a year or 2 bear market that will chase previous true believers and new true believers arrive in the community everyday and it's pushing the price higher.
I understand the long-term values of BTC. But if you invest in BTC now, you won't get much profit within 1 year from now. because it has been nearly 4 months but the price of BTC only increased to over $ 700. This is not a good list for you. I think we should not decide on long-term investment now. Please trade when the market is in good condition. indeed the current bitcoin price movement is not too much and if you invest when the price is expensive like this is a wrong step because the price is too high and there is no price increase anymore. That's because we're in a current trend. Eventually it should reverse so don't worry too much about it. As things stand right now, there are likely more true believers in the market than those who have no idea why they're here, or just here for the profit. The bear market did a pretty good job scaring away non believers. |
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after all, if we analyze the journey of increasing the price of bitcoin when it reaches a peak in 2017 and then falls in 2018, there is actually a very far gap from the presentation. namely the increase in bitcoin which reached 1000% and fell 600%. it's clear that the increase is greater than the decrease. therefore do not worry that the bull run will not run again, they are just taking a break for a short drink. so prepare you, want to be rich or stay like this.
It’s easy for you to understand this analysis because you have been in the cryptocurrency system. Most of the new investor’s didn’t even experience the bull run, they bought at that period and immediately the market started falling. I think this is the reason it is difficult to convince some of them to be patient for the next bull run. like you have rightly said, Bitcoin is only taking a break for a short drink and ill add that its only having a healing process, seems so many things went wrong during the last bull run. It will surely bounce back better. If new investors would do the same mistake the earlier ones did when the price was pumping last 2017, we could have the same scenario all over again. In any investment it's important to know what you're getting yourself and your money into. It's foolish to think that just by simply riding a hype will get you profits. I hope people have learned that already. |
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I'm also one of Kakaotalk users and I'm very support of this plan.
I'm still confused with big companies like Facebook, Twitter, and others.. why are they still considering integrating their applications with cryptocurrencies, if they receive cryptocurrency I am very confident that their application users will increase, investors and their company profits will definitely increase..
I don't know about that though. It's a platform that i wouldn't trust my crypto coins with. How secure would that be? The people behind kakao of course would have a way to access your accounts. It may sound exciting for kakao users who are into cryptocurrencies but i'd rather stay with traditional hard wallets. |
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Keep your personal identity and information to yourself and you will avoid Fraud.
Even to this day I get text messages/phone calls from guys trying to sell me sports picks and I never gave them my #.
Your info is also possibly being sold on the dark webs so be careful who you share you info with.
Perhaps they got it from sites you filled up your phone number. It also happens to me, what I did is that I blocked that particular number as it annoys me. I would like go also add that every user should be careful in submitting KYC in such bounties/airdrops/exchanges. If they aren't legitemate and you submitted your identity information, it can't be undone any they may use it for fraud. It is not possible to find those fraudulent people while joining on bounties and it can be exposed at the later time so how can we get prevent from this? Just stop doing bounties when they ask for KYC. But sometimes bounties that dont have KYC on the start will start to ask after the end of the sale which means as a bounty hunter you wont really have any choice but to comply if you are really eager to recieve those tokens for your hard work.If not then you would end up those coins let go. There are lots of frauds not only to this crypto market but even on the past where crypto isnt still there yet. IMO,I don't give my personal details to someone for receving some tokens which don't even have any worth yet.If everyone avoid the bounties with some KYC then there will be some change will happen. Yes, that's true. I have participated in several airdrops providing personal information. Till date there is very big number of pending distribution of tokens. Even after getting the tokens we can't find exchanges listing the tokens. Fraud activities happen big as each and everything is happening through internet and mostly in an anonymous manner. Goes to show that it's not worth the risk. Kyc was made to add security but it also became a tool for fraudsters and phishers to get information from people eager to receive free tokens. Might as well just drop those bounties and airdrops requiring you to comply. Again it's not worth the risk. |
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