Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.
If you already reach profit, then seek what cause your loss. With that you can minimize or maybe in next order you can already fix it or at least minimize it. Because minimize lose not only about technical analysis but also how it will be affect on our emotion. |
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How are people accumulating more bitcoin other than buying it with fiat?
I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?
Airdrops, bounties, or maybe offer service that paid in crypto. Because earning in crypto we can do anything that we want, from gambling to trading or if not want to use capital just work for other people or company and you can increase your portofolio with it. |
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Hello everyone, my question is: how often do you invest in new and young projects? Aren't you afraid of losing money if the project closes?
I want to invest in a promising project called Yearnlab. Their token sale starts on 7th Dec and I think this is a good opportunity to successfully invest money.
Share your thoughts on such an investment. Maybe you have some interesting cases on this matter.
If afraid lose money then don't make investment. It is not about we afraid lose money or not because risk will always there. The most important thing is how much we can afford if we want to buy new coins because risk behind it is really big, we can lose all our money if the coin already dead after launched. |
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Staking in Binance can be option. I mean for people who want to try at first time, be safe is better. Beside Binance is reputable, i think they have some list like BNB, USDT, BUSD (which is i open their POS page in website) and at least we are not much to do speculation like if use other site or platform.
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I have been reading up on some interest accounts out there for BTC and Altcoins and the yields are really good especially when benchmarked against fdic insured fiat.
What’s your take on this? Is this a good or bad idea?
Correct me if i'm wrong but i think my friend once told to me that we can stake USDT to Binance, but if it is wrong then i missheard it. With USDT i think the only problem that we can face is security of the exchange or our own account. About price, maybe stable coin can help the price at least not dumped. |
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I want to start investing in early projects, and I want to ask if you buy coins on small exchanges? Is it safe? And to what extent are such exchanges protected from hacker attacks?
I am interested in such coins as nwc, cdt and mana, what do you think of these projects? Should you buy these coins?
For investment i'd choose coins which listed in big exchanges rather than speculate on coin which only in 1 small exchange. Because beside what OP said about hacker, if delisted from them means my coins is on really bad condition. And or now, somehow it is hard to listed in big exchange, so for me with my personal opinion, when listed in big exchanges means dev really take that seriously. |
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I want to know how to make stupid trading mistakes by fear.
Until now, in spot trading this thing cause me lose or maybe sometimes only get my capital back. I think it is depends on ourself because with any suggestion, if our mental is not really affected by it, we will keep fear or panic when market is not really move like what we expected. |
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If address has change it means different mnemonic is saved. Or maybe someone change your "online store" file with another wallet. Because it is right, if there are wrong word when we want to import, we can't import the wallet in trustwallet. Or maybe, check the address in explorer first. Second, from my personal opinion, saving something important in online drive is risky too, hacker will have thousand ways to access our email and can see all our files if they can bypass it. My gmail with 2fa sms verification accessed by someone and my notepad files in google drive exposed, i lose a lot of money because i save my exchange 2fa back up in there.
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Considering the supply vs global population = 0.003BTC per person to go around.
Then other factors like not all 21 million will be in circulation due to lost wallets/deceased hodlers who never informed anyone where their seed is, and also an increasing global population and future generations who all want in.
Do you think 0.1BTC will be like owning a mansion?
To be honest, with this price i can't imagine or maybe can't expect price can be much higher maybe x100 than now to made that 0.1BTC to be mansion. It is right, anything is possible, who can expect bitcoin price from hundreds dollars to be more than $50000, but for next 100x i think will have small chance to be happen. |
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Right time (for me) is when dip and when you are really ready to buy at that price with your analysis and not doing it carelessly. I mean, if already bought then we must be ready if price will up or down because look for the dip is something that hard to do. It is better to focus on analysis and then try to get profit with it or minimize risk from it.
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Lately trading have become a such of livelihood for some traders as some have turned to cryptocurrency trading to meet they daily needs and pay their bills, but have been wondering which is more profitable and less stressful since trading is base on quality decision. Should one trade passively or just trade once in a while for both emotional and physical well being.
If can do both means it is good, because what we aim in trading is a good chance, good moment and we wouldn't want to missed that. About emotional and physical condition, maybe we can fix it after put the order so we can minimize risk that might be coming after we made that order. But at least we're not missed any chance to gain profit. |
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For now BSC (BEP20) network can be a choice in all reason. I mean although other network is cheap but BEP20 network is already can be used in a lot of exchanges and some wallets already support it in their list. Maybe if matic with polygon network already in a lot of exchanges, it can be alternative beside TRX20 network.
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What are the advantages and disadvantages of these two methods to store your coins?
Hardware we have full control to our coin, maybe pros that we save coins in exchange is we can sell it immediately if needed. Because if save in our own wallet, that means more fees that will be used for transaction especially if we are trade and must doing deposit and withdrawal coins. |
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If I want to make money quickly, is it slower to invest in BTC? Are there any recommendations for high-quality tokens in the NFT sector and GameFi? I like ten times, one hundred times the currency.
10x or 100x profit then just pick new altcoin which just listed. But i am not suggest it, it is right we all want big profit but must know and accept risk behind it is much too. If have more money maybe just doing future in a big leverage, that is high profit high risk too. |
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Hello,
Which one is more cheap for the swapping? The Binance Coin or USDT?
Thank you.
If according question, both as long it is in Binance Smart Chain (BEP20) then fees is not a problem. There are a lot of tokens include USDT or BNB (BSC) which we can swap in dex or maybe deposited into market with BEP20 network with cheaper fees if compared than ERC20 network. |
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I saw an opportunity to make a profit by arbitrage trading. The price difference in some exchanges seems like it could make a profit. I'm just thinking, not sure. does it could really make any difference because if any transaction takes more time then any trader will lose the initial money. I saw many youtube videos saying that anyone could make money from this type of trading. Need suggestions from professionals.  Of course can, but we must really focus on it. There usually a reason why price between exchanges have really big spread. It is right we must fast in arbitrage, because who take advantage of the moment is not only us but a lot of other traders usually know about it and want to do arbitrage too. But if we are careless and not see the reason first, usually there are problem with deposit and withdrawal and we wouldn't want to buy the coin and then stuck in market. |
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Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices.
But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens.
Invest in long term can be alternative if we can't control our emotion, i already experience it. Mostly in day trading i can't control my emotion and always cut loss my assets when coin that i bought dumped although a little. With long term investment, i rarely to see market that is why i am not keep to see price of coins that i bought and it made me more calmed. |
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To those who are trading consistently, I would like to ask you based on your experience.
Which is easier in making a profit, riding with the hype, or waiting until the price will dip?
Most people say that don't buy when the market is bullish, just wait until there's a price correction and the price will dip.
So with your experience, I like to know which is more effective between the two.
I am onto riding with the hype. But i did it mostly in past when there are some pump and dump event from website (although sometimes i feel who actually pump the coin is people who follow the event) usually get 5-10% can be done because we buy and sell immediately when pump happen. If late or too greedy and keep holding our coins, it will be back and we stuck in high price. Because i am type of trader that usually follow instruction from my friends, and to analyze when it is dip, i still can't do it until now. But it is all depends on what our trading style. |
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Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader . Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.
So, do not be too hasty to make profits , short time trading don't pay much
Maybe what to be desperate is when we lose, don't to desperate to get our capital back. Because it can lead us to do anything that can made us suffer. Why not, like what OP said, we need matured mind to do trading because if we put our emotion we can be wrong to make decision and made us lose. That can be worse thing happen to us. About age, i think it is no matter how much our age as long it not disrupt our live. |
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Fiat maybe will be digitalized, but to replaced with crypto i don't think if that easy to happen. Because government will always use fiat as main payment, even if crypto already legalized, will be hard to change payment in all over place, need time for people to learn, adopt and anything else. If me i will just happy crypto as assets and maybe as alternative payment. Will made it more balanced for government, users and another else.
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