patience is a virtue but time is gold. What I mean by this is that it pays to be patient but it is also a good thing to watch the market trend and act accordingly because time is gold.
I agree with you patience is a good virtue and the time is gold. But when trading, all decisive are depending on how the situation takes place, can't rigid rules trading. Sometimes, patience will best choice for the market have FOMO but other time patience will make we miss opportunity to become rich! As your tell the time is gold. I will second your thought. Patience is really a rare commodity and only few own this and as far as time is concerned, we all know that it is the most precious thing in the world. You can do trading only if you have time and know well about time management. In trading, patience is great but excess of anything is not good. Patience should be exhibited when prices are low and should be given up when the bitcoins are reaching your desired value. Greed should also be avoided. |
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Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?
When prices are crashing, its normal to feel anxious and start panicking . I would be lying if i'll say i dont. When i start to panic, i breathe, calm myself down, then prepare. I prepare myself for the worst case scenario but i dont just sit and wait for my doom. Most of the time, I hold some and sell some. Most likely, 65% hold 35% sell. But some there are times that i just held tightly to my coins until the price has gone up again. Its better to have sound mind and self control during panic time. Always be prepared of what might happen in this unpreditable world of digital currency. Indeed. It’s common to panic when prices are continuously dumping. Usually newcomers do get panicked easily and sometimes old investors as well if prices are continuously dumping. Same is the case for holding bitcoins. People hold them when prices are low with hope that soon they will enjoy profit when the prices will reach moon. |
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No, if the price decrease heavily and you did not sell, then you lost. It went down from $2,500 to only $1,800 withing two days. In this case it came back to $2,500, but it is very naive to think that it will always work that way!
No you are wrong, you said that if people do not sell right now they lost you are completely wrong , if they start selling now they lose because all circumstances tell that the prices soon going to be start rising again, and this time prices rise with some huge margin. |
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I've seen previous comments about this. I see it damn hard, you can only do campaigns, but ending with the entire poverty never.
I wish it could be a solution, but it's not.
It is the solution if you are willing that poverty will be end. So kindly provide them instead of some money teach them and give them some knowledge about bitcoin and send them some bitcoin instead giving a little amount of money. So it is better idea to go institute where poor people lives there poor life. So go there teach them about bitcoin. Because not a single bitcoin can finish poverty. By helping through us it can. |
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I think it is a great idea to start teaching kids about cryptocurrencies in general and bitcoin. However, it greatly depends on the age of the child. I would suggest first teaching kids on how to properly save money as well as spend it. This would have to be the main focus as these are the basics of how to properly use any type of money. I do not think that primary school kids should be taught in cryptocurrencies, but high school kids - definately. Cryptocurrencies will turn to become the main transaction method one day, so why not get a head start?
It's complicated for children to know crypto currencies, they have to know the basic or what really the world is adopting now so they can compare and be responsible when using bitcoin. They will eventually learn once they are matured enough because if they understand they might make bitcoin as their passion. Of course even though you explain it in detail and detail though, they will not understand about it, they will think that it will be very difficult to understand and very complicated, I've tried to explain bitcoin to my niece, and in fact he ignored it because it is difficult to understanding Might your understand method was boring that's why he was ignored you should go for him and teach him/tell him that bitcoin is the currency where people become a rich like bill gates with emotions. Then 100% percent he would never ignore you after all this. Because he know bill gates but he is not familiar with bitcoin. After getting all these he will be familiar to bitcoin as well by that. |
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I think when it will be legal then it taxes will be included here, I want to say about the benefit of the economy every government should impose the tax on every economic activity so Bitcoin is not out of these. so it doesn't matter if the tax is included in here. so it should take it easy...
Yes, we need to be get ready to pay taxes for bitcoins as approving bitcoin as a legal currency/asset will be opening enormous opportunities to us hence to enjoy those things, we must be prepared to pay taxes also. But saving/holding bitcoins will not attract taxes for ever, hopefully. |
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people hold btc cause btc price regularly increase. other btc give good opportunity for earning. i tell don't hold btc you buy alt coin cause you can be double profit.
Then after that altcoin price will increase  . Holding bitcoin can be based on a variety of reasons, especially regarding the needs of users and their thinking about developing bitcoin trends, this pattern will automatically prevent the thought of selling and will affect the rise in bitcoin prices. Buy altcoin and develop in the trading market will eventually again be converted to bitcoin as long as there is no altcoin paired with fiat. This reaction causes why many people make bitcoin as the ultimate goal of conversion and continue to hold it. In the current scenario, people are holding their bitcoins just to enjoy great increase in their prices after the execution of Segwit. Everyone now have high hopes with bitcoins of becoming rich as bitcoins are already going back to the green area of the graph. Except for this, bitcoins are the leading coins, so people love to have bitcoins. |
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What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I believe people are not just holding bitcoin but are also buying more at this price. A global crisis is surely going for crypto currency world and majority of the crypto currency pricing are going down. However, positive people are buying in bulk and making good use of this pricing. I am also doing the same and I regret that I am not able to buy more because my financial condition is pretty tight now. I wish to buy more because I believe in bitcoin and I also believe the price will surely go up after August 1st and will reach a new height. This for sure is something great that if someone have a capital to invest according to my opinion this is the ideal time to invest in the bitcoin. Those who are not holding it and trying to get rid of the bitcoin due its price nowadays will suffer in the future because they are losing an opportunity. This is crazy to sell at this moment. |
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First, one should not invest all their money, or money you cant lose you cant invest !
Second, you don't have to panic because it will be unstable till 1st August. When this is all resolved and applied, I think the value will start to rise again, and pass the highest btc value reached !
It is right that high risk should not be taken but panic should not be created if there is up down in the price of currency, it is a business and we should have to think being a businessman. The up down in the price of currency is for the time being. Hopefully the price will be increased probably in August. And we can see the sign of increasing the price of bitcoin as currently the price has started increasing now. |
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I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?
Your feedback would be appreciated.
To me, I have no problem with trading in crypto currency because I know very well that trading is all about following your trading strategies. It is advisable to have a workin trading strategy and money management rule. I have a strategy that work for me in trading and i follow my money management rule so even if I make lose, at the end of the day my profit usually outweigh the lose. That’s really smart, mate. I appreciate that you are taking crypto trading as a business not gambling and have devised a proper strategy for staying safe in the crypto land. Trading with bitcoins is never an issue until and unless you are having a good strategy for e.g. holding onto coins when prices are low and selling them off when prices are high. Keeping calm when prices are pumping needs some courage which usually investors lack and end up with loss. |
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The market is falling is it the affect of the upcoming segwit? Or just a normal move in the market in which is the up and down of the price?? Is it ok to hold bitcoins in the exchanger? Can you help me???
Falling or dropping the price value of different altcoins or bitcoin is just a normal situation in trading industry. Now about your question regarding holding your bitcoin in the exchange site platform, that would be fine as long as the balance is not a huge amount, even you know the the private key, or security it is still not safe, its just my opinion only. Maybe if the exchange is like Bittrex, Poloniex, or bitcoinwisdom, kraken and others you trusted it, well that would depend on you. Fluctuations are the essence of crypto market. This is because of fluctuations that prices pump too much. Fluctuations are the real cause behind the buying and selling of coins. There’s nothing to be worried about unsteady crypto market. As far as keeping bitcoins at exchangers is concerned, I will suggest you to keep them in some offline wallet. But if you really want to keep them at exchanger, kindly check out the security provided by the respective exchange. |
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From your post one can understand that you are in the United States with the H1B visa, which is granted to foreigners to work in the States. Though there is nothing wrong if you buy/sale/trade bitcoins, at the same time the authorities will come on hard if they suspect you are in some money laundering stuffs.
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Bitcoin does not belong to anyone nor does the word belong to anyone. There are hundreds of websites with the word bitcoin and there have been no issues at all. However you need to be careful at the same time that the other part which you are using alongside bitcoin is not trademarked either. Here is a classic case of a bitcoin domain UDRP: http://www.wipo.int/amc/en/domains/search/text.jsp?case=D2016-0827 |
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I do hope so. I can earn some good money from bitcoin and then I can buy other altcoins instead. Bitcoin price right now is not right, it must be higher and $10000 is the real price of bitcoin at the moment. Therefore, try to buy as many bitcoin as you can because in the future, you can never buy bitcoin with the cheap price anymore
It makes me pleased to see your optimism about the bitcoin price but the price that you are telling $10,000 is a very high price. Considering that bitcoin is a well reputed of all in the cryptocurrency and it has still the highest price as compare to the alts but it doesn’t mean that we should speculate it. The price that you are talking about is up high to moon while look at the number of people associated to bitcoin in the world. I hope you may get the idea of the real price of bitcoin. |
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What are the things to do to succeed in trade? What are you doing to make your business bigger?
How can we make more money?
Working hard and taking the risk in business is a must to get the right time of succession because no matter how many times you will fail you only need is 1 win to success, So I think we can make more money for taking the risk in investment and holding a coin here in crypto world. Risks and drastic decisions must be taken to make a successful business. Examples can be taken from Google,Apple,Microsoft etc. Similarly when talking about the crypto world, investing in bitcoin is the most secure and good option in term of business investment. Why it is secured just because it has changed the life style of people. Changed the poor into rich. Bring a hope for poor to become a worth by using bitcoins. |
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Problem of a crypto is lack of stability and absence of regulations, so big capital will be out of reach. This might change with entrance of big industry names in this game. This is biggest what can happend, good old takeover of good ideas.
Yes that is right that as soon as bitcoin is solving scalabitiy issues, I do not think that we can expect any big thing to happen in altcoin industry, as bitcoin is now being adopted in more rapid manner, people are now getting more facilities from bitcoin therefore I think still bitcoin is the big thing that is still people are serving. |
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In a trade, loss or gain is a consequence. Reciprocal of our activities. When I a loss, i'll correct where my mistake lies. In trading, i divide them into eth, ltc and xmr because i'm looking for profit long term so risk can be minimized. And didn't make me hasty to sell when there has been a profit, but l continue to hold it.
Well the important thing is that you keep yourself composed even after you've lost a big amount. Being able to control your emotions and not getting into rash decisions would be a sign that you're already an experienced trader. Everyone loses every now and then, and the forecasts and tips don't always come true. Just accept what happened. If you don't want that then don't do that make you lose. Just like when you're in the other side you accept it because you win. Right? And if you didn't accept that then some negative things will happen. But I am never accepting my losses and that is the reason I am learning how to prevent them from not happening any more with same type of mistakes. I guess over time I will be trading completely without losing anything. Even I may lose something I guess I will learn how quickly to recover them in next trade itself. |
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I think doing manual trading will give the best results. Doing BOT trading will leave humanity worth. If it continues then all who do the trading is a robot. While human beings are created very smartly. We can do analysis and also read the state of the world economy today.
Manual trading will be good only for the traders who know how to conduct trading profitably. If traders are not aware of how to trade and how to make profits from that then going for bots will be the right choice still there will be no guarantee that bots will get them profits alone. |
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Never try forex trading, focus more on altcoin and bitcoin trading. The bitcoin price next year may be worth 1 car. Hopefully one day have to try forex if already have additional capital.  I have already good experience in forex trading, but I never found it as profitable as bitcoin and even alt coins are, I personally invested a good amount of bitcoin in bitcoin and simple holding it, but some time when the price of bitcoin become stable or when I realize that the bitcoin market is going to get a correction then I invest my bitcoin In alt coins, from where I also get a good profit. |
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Seems promising, when will it be added to other exchanges?
Be aware, XBY was 1 Sat before. the developers are literally the same ppl who before did nothing and failed and ran a pump and dump and now they are just doing it over again. its going to dump and then jump up again, set your buy order somewhere around 150 sat, and it will pump after |
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