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It is a big moment especially if the halving will become successful where the new feature will added and it is the lightning network. 2020 can become a year if we will create a portfolio which consists of bitcoin and altcoins that in the top in terms of volume and liquidity. We can lose money in every investment if we will keep buying altcoins that have no chances surviving in the current market challenges.
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That's the basic concept of any business and investments but at the same time we need to consider the fact that too many cooks spoils the food, I have seen people investing in numerous altcoins and ending up losing on all of them. We need to look at all the possibilities but at the same time we need filter our own choice rather than investing in too many projects by limiting it to few.
That is normal to see many projects that keep saying promises but they failing to meet it. As time passing by, the success rate of the projects nowadays are keep decreasing because investors are now losing their trust. We should be aware that even the team behind the project promised, it may not happen and the possibility that it can become true is only small so we should be careful. |
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As for my analysis, the current price of the bitcoin is at around $7400 per each and the 20 moving average and 50 moving average are now became support of the bitcoin. The price of the bitcoin will only become $5000 per each if the the 20 moving average and 50 moving average will strikes down because those 2 moving averages will become resistance.
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Holding fiat money is not a wise decision, it is true that our parents and grandparents always telling us to save money. For me when they said that to me I always cringing because it is wrong for me. Why would I hold a scam money that backed by the government? It is better if I will invest it in speculative asset like cryptocurrencies and also passive income businesses like real estate.
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If an specific investment promises you to get back 40% of your capital then you should feel it is very fishy. For me that kind of rewards that they are promising is really impossible because they say that it is guarantee and we can get it in short period of time. It is really fishy investment for me if an project offering high rewards in just a short span.
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We cannot predict what will happen to the price of bitcoin after halving where it will be boost its price or it will cause massive crash. But one thing is sure and there will be changes after the halving. I do not rely on others opinion, I see now a lot of posts about halving and I observed that there are now many hyped people because of this news. I will only base my actions on what will happen in halving.
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As long as walang positive na pag galaw ang price ng bitcoin, wala pa ring magaganap na bull run ang hinihintay ko ngayon ay ang pag breakout ng bitcoin eh, alam kong madami ng buyers ang nakapili kung sakaling malagpasan na ng bitcoin and resistance neto. Nag hihintay ulit ako ng tamang oras para bumili ng bitcoin. Ang pinaka magandang at pinaka madaling strategy para saakin ay ang trend following kung saan nag hohold ako ng bitcoin sa simula ng bullish market.
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Fear and doubts are the obstacles that the people should surpass. It is the wall where the people leads to not make investment with cryptocurrency. If we will manage to handle the fear that we are currently experiencing then it has a high chance that we can become a successful investor and trader. We should not let fear and doubt to control our inner self.
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Sometimes people judge the project as a scam or not based on what they observe without knowing more about the project, projects that fail because of not achieving softcap or funding and cannot run the project will be judged by people as a scam project because people judge the project based on the results achieved .
It is the fault of the scammers and there the one that should blamed. The scam projects before created panic and fear among the cryptocurrency community. That's why the investors are keep decreasing as time passing by because of the scammers. The ICOs and IEOs are now have bad image to the public, it is better if we are just be careful in order to protect our capital. |
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Introducing new people into cryptocurrencies is raelly hard task. They do not have prior knowledge and they will not easily understand the information about cryptocurrency. A person who want to introduce bitcoin to others should have good communication skills and have high patience, it is expected that many audience will feel cringed after they first heard the bitcoin. But if the fully understand what it is, then it has a high chance that they will adopt it.
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There’s a big difference on learning how to trade and applying all of it, some trader make effort on reading books but still don’t know how to apply it. Your determination to become a trader also matters, there’s a lot of failed trades but if you do have a good foundation then you will keep on trading. Traders must look on everything, the money on this market moves very fast and you also have to execute very fast with a lot of research.
Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor. For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage. While having a mentor is the ideal very few people have available a friend that knows how to trade and can help them in their journey, but that is not really a problem some of the best traders in the world learned how to trade by themselves without any help, just make sure not only that you read a few books about the subject but that you put in practice the principles that you learn from it, otherwise you are just wasting your time and your money by buying those books. Buying books or any other reference would really be a waste if you dont know on how to utilize it.Im a kind of trader which do make learning on my own. Yes, i have tried to follow someones trading style but ending up not so well.Therefore,i decided to go solo and just getting information and analysis on the net where i do study it out and apply it with my own trading behavior.These things cant really be learned overtime which most people do wrongly anticipated. Partly disagree. Learning in any form of material is not a waste of time even if you can't fully utilize it. I agree that books alone are not enough to study trading. In my case even though I have a background in trading, I usually buy some trading courses in Udemy since I'm very lazy to read books. It's more convenient watching tutorials while I'm hands-on for the practice. I highly suggest taking a trading course in addition to self-learning skills. It's really nice to have additional knowledge from PRO. Books alone is not enough but still we can learn a lot of knowledge in books. I have different sources of information about trading and it is books, articles, blogs, youtube videos and specially this forum. One source of knowledge is not good, we should have different sources of knowledge in order for us to become intelligent trader. I often read books and there are a lot of trading setups that I learned and for me it is effective to use. |
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So i have decided i will start trading with 2 BTC first. I have read many people suggesting me to day trade and earn some good profit daily. Let me tell you all, i have no experience in trading and it sound so difficult to me so please answer my questions so how can i start and where can i start? where to learn the basics? some good books? how much profit can i expect daily in the beginning? How to avoid major loss? is there any professional traders that allow to follow their trades and they charge some fees for it? Waiting for your answers  Don't day trading you will be exposed to a lot of capital gains taxes and complexity vs just buying and holding for long term investment. also Day trading forces you to store your BTC on exchanges which is very dangerous. However you can make a profit with luck But unless you decide to invest the effort in becoming a professional the best advice is not to play, and use the single advantage that you do have that's long time preference and patience over those that are greedy and impatient. when investing in Bitcoin you should always wait at least 3-5 years before taking a profit of wait till the top of the next bull run. For those who still new in the market, please don't do day trading because all of you cannot handle the risks. It is better to become a passive trader at first because the risk is lessen and you do not need to monitor always the price movement in the market. 2 btc is big capital and you can easily lose it if you do not know what are you doing, practice trade can help you to become a profitable trader. Just allocate small amount in every trade in order for you to get used in that situation. |
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I like when people try to differentiate between blockchain and cryptocurrency, now not all cryptocurrency are blockchain and not all blockchains are cryprocurrency but the 2 keep growing independently. The space had continue to grow even in the bear market but more focus is on bitcoin than any other this outgoing year. The growing adoption is with mixed with feeling from scam that has infested the space. The ICOs and IEOs are just getting some part of the space richer.
Yes, exactly and I think that this coming year we should focus on teaching other persons in our life especially our loved ones, let's help them understand what crypto really is and what is blockchain, because we are now in a new era and we really need to be updated and we really need to know what this means are. if so, why should we focus more on forcing or inviting others to understand about crypto and blockchain, wouldn't that be better for ourselves so we can maximize every moment that happens to finally get good results. after all, other people will definitely come with their own desires without having to be forced to understand about crypto and blockchain Influencing others to enter the cryptocurrency market is a good idea, the cryptocurrency community will become more strong if we will start inviting others. Most of my friends are now using bitcoins and other cryptocurrencies because I influenced them. I manage to invite them to use and adopt cryptocurrencies after I discussed to them the benefits and advantages that they can get from it. As a bitcoin user, we have a task and that task is to influence other to use and adopt bitcoin and cryptocurrency and it is my focus in this beginning of the year. |
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Scammers are literally smart people after all, they are so intelligent that they keep getting huge amount of money from their victims. If we want to avoid scammers then we should be smarter than they are, how are we going to be smart? It is simply by studying and by researching. We should seek for information in order to easily identify scammers and also the scam projects.
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Trading chat rooms are existing but the problem is most of its members are dumb because they are so dependent to its fellow members. They always asking a trading tips and signal in specific groups. There are trading chat rooms also that keep giving fake information to its members so I do not join in trading chat rooms because of the high risks. It is safe if we will ignore and not seek any trading chat rooms.
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You have to write down every trade you have make and analyze how you lose or win. Learning from your experience and combine it with trading lesson is the best way to improve your trading skill. If you still not confidence with your skill, then keep trading with small order and when your win rate become higher, you can start to trade bigger.
That's what you called journalizing, recording our past trades can help us to identify what should we focus in order for us to have an improvement. We will not become a better trader if we are just buying and selling without traidng plan and also trading journal. It is part of the process in order for us to become a better teader where we can lessen the losses that we keep experiencing. Every professional trader are newbies before, they became professional because they enhanced their skills and they study hard. |
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There is a price rejection around $7700 and in that area bitcoin having hard time to surpass it because of the selling pressure. The price of the bitcoin is still consolidating in the area between $6000-$7700. I'm waiting if the price will breakout or breakdown. If the price breakout then it is a good sign that the bearish market will en but if the price break down then it is a bad sign because the demand is decreasing.
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The price should rise soon.It is unlikely to fall below $7,000.So the bulls are back in business.
While it is great to be optimistic about the price we also should prepare for the drop if it happens. We have options trading being put options for 6k mark now that some self-proclaimed analysts are pointing it to be the next support level. The price is being stagnant at 7k levels does not mean it would not go up. So its better to assume that either of the two can happen but whether a bullish or bearish sign, it cannot be confirmed. May be some manipulation in this new year because everyone wants the price to increase so a false demand situation is being created. So take such news with a grain of salt. We should learn from other's mistakes, we cannot just believe in someones claims and we cannot follow it without thinking. There are analyst that are so dumb thag they keep predicting non sense things. It seems that they do not know what they are talking about, I do not believe to someones predictions about the price of bitcoin after halving because they are just guessing the price after all. There are also self proclaimed analysts and crypto enthusiasts so be careful on who we will listen. |
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It is often said that the best things in life and are free. However, though the cryptocurrency industry was once filled with lucrative giveaways, there has been a stark reduction in recent months as the market has shifted away from these types of promotions.
Nonetheless, though the range of available freebies is limited to just a handful of offerings, there are still more than enough available to make your day.
With that said, we’ve scoured the internet to find the four best cryptocurrency freebies that are still available in 2019!Source link hereNow this should be interesting before 2019 ends....I had to admit that I am using Brave browser since the day they are offering free BAT for just browsing. However, for Coinbase, this is something that I hadn't checked out for a while. Maybe I should try them after New Year's celebration. Of course, I love free stuff like these. Airdrops and bounty hunting as well. I can't imagine what would my life be without deciding to take crypto seriously around 2 years ago. No matter how small it is, it's still a great help and I'm thankful for it. Looking forward on what future lies ahead of us in 2020! Although I have not totally stopped accepting airdrops and giveaways I only picked those coming from reputable sites like those sites mentioned in your links, they are all legit, I just don't like Brave network asking KYC now, a decentralized program now asking KYC to centralized and trace their users, I have not yet undergone KYC here but I'm enjoying using their browser. Airdrops for me is not preferrable to join anymore because of the risks, most of the airdrops nowadays are unsuccessful unlike in 2017 where the airdrops are profitable. Also most of airdrops are requiring KYC that is not convenient in the user. We users want to be anonymous so why we will join in airdrops that are requiring identity. It just a waste of time if we will join in airdrops. |
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I am not just holding my bitcoin, but I also trade my bitcoin to increase the amount because I am sure that bitcoin price will be increased so high in the future, especially we will see a halving time soon. From now on, I am sure that many people are doing the same thing as me because they also believe that bitcoin prices will increase and hit the next highest rate. Gladly, we are seeing bitcoin price still fluctuating until now, and that can be our opportunity to make more profit in bitcoin and fiat. If you can analyze the price, you will see that the bitcoin price will give you a chance to make more and more bitcoin. But be careful because the price can get down too deep without you know.
It is just a pure speculation, you do not any proof that bitcoin can skyrocket again like the year 2017. Hope can sometimes became the reason why we lose money. We are hoping too much and it is the problem because it is not really realistic. I have bitcoins but I keep trading it. I'm not a fan of a holding so I do not prefer to hold my bitcoins. It is boring to keep my bitcoin in my wallet. I want to increase it and that is why I keep trading it. |
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