If you know what you are doing and have a knowledge then do trading and you knoe that there's a risk and chance of losing your money and not just double but triple your profit if you have bougt the right and timing to trade.
That's why you need to research on which is the best crypto to buy or do trade to make a lot of profit and also depend on how much money you will invest.
This kind of thinking is what gets people in trouble, they believe that they can make that kind of money in a very fast way and that is simply not true unless you are willing to take ridiculous risks that will most likely make your strategy look a lot more like gambling than any investment strategy, it is simply not possible to double your money while taking reasonable risks and anyone that thinks so should leave this market because this market is not really for them. It is possible but it is really hard to do it. If you are lucky where you have 100% winning rate then it is possible but the thing is it never existed. Even professional traders are experiencing loss because losses are inevitable but we can lessen the losses by using stop loss strategy. Doubling the capital in just 2 months is really hard and it requires a lot of knowledge and advanced skills in order to do it. |
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Taking big risks can save big money. But is it worth it? Does it always make sense to embark on an adventure? I think we need to reduce the risk. Because the years go by and there's no going back.
sometimes you actually need to take the big risks to actually get the best result in some occasions. you have to actually go out from your safe zone to get something better as you don't want to get only a "decent" amount of money forever you need to grow up. It is a popular saying that big risks can give us big rewards. We should take big risks investment as long as we can handle it. People are ranting if they lose big amount of money in a big risks investment, it is their own fault because they did not handle it very well. If we identify the risks, then we should identify the rewards. Make an investment if the rewards is really greater than the risks. its lucky enough bitcoin with a big risk is also a big result, but we don't need to use a large capital too. with a small capital we can get big results in bitcoin. Failure is common, but trying big risks with big results, it will change your life drastically if you become successful. if it fails, of course, just try again. Risk is the only thing that mostly crypto investors remain worried about but the one who take this risk will earn profit. Risk takers are now living wealthy life other wise we will only think to become rich but will not be able to become rich. If you take big risk you will be able to obtain profit from your investment as in this competitive era we will have to take risk. People mostly are afraid in taking risk, they cannot easily overcome the fear because they have doubts. Those risk takers are keep earning more opportunities because they are afraid to take risks. I also keep taking big risks, the higher the risks the higher the rewards. But not always I keep earning money from big risks investment, there are big risks investment the I fail to manage that lead to losses. |
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Hey OP, if you don't want to buy Bitcoin any longer then it's your choice ,that won't make others to stop buying it, there are lots of people who will continue buying it and everyday lots of people keeps getting in.
Moreover FYI, what you have said here is wrong, of course I have heard about the 51% attack or whatever they call it, but that's not enough reason for me to quit. People keep on imagining things that are never even going to happen. A lot of people come up with these as a way to discourage others from taking part in buying Bitcoin.
I agree, your reason is useless and cant stop people from buying bitcoin. What you have said is somehow opposite to the reality. In fact many people get profit on it. If bitcoin was a crap then it wont have a value now. But since its not, it is still valuable and helpful to anyone who have it. That is pure opinion, we can follow it or we can ignore it. I do not see bitcoin as a worthless coin because it keeps me giving profit and advantages. Bitcoin is not a worthless coin, I'm sure that you are one of the people who lose money on it and that's why your treat to bitcoin is very bad. It is your own fault why you lose money in bitcoin, I keep generating money in bitcoin and it is the reason why I see the bitcoin as a worth it coin. |
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Altcoin pricing does disappoint but some time not ! you must have ability to deal with it, if you loss what you invested then you must holding such coin and it can give you return in future if reach to your desire value to sell
Thanks
What we can do to put stop loss to deal with the bearish trend and i don't even see what we can do other than it consider about the result of the trend in altcoin can be changed when there will be something useful from the developers too. we are only traders. Placing the stop loss is really important before we trade. Planning what will happen is what we need in order to minimize our losses. The altcoins are not disappointing after all, you lose big amount of money because you did not have stop loss at the first place. It also better to allocate most of our funds in bitcoins than in altcoins because there are many shitcoins around the market. |
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I think it is a good idea to take a longer term perspective to get some context. We all know that prices fluctuate, often quite alarmingly, day to day and week to week. But I think it can really help to see how coins are behaving over a much longer term. We are still just about in the early days of crypto, there is so much more to come. I don't think there is cause for concern at current prices, at least for the good coins.
I do not prefer long term perspectives because we cannot accurately to forecast the price. It is good to focus on short term perspective because the rice is always changing. I'm a day trader and it is a misconception that I trade everyday. There are days that are really bad that we should not trade. I will only trade if I see a chart that is suitable in my bias. |
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One of the common misconceptions is that "day trading" doesn't mean that you have to go out there and trade every day.
In fact most advanced traders would argue the majority of the days in a year are not interesting enough to trade a selected instrument...
You can trade on those days all the same, but the market will be so unpredictable, directionless and efficient that the reward to risk ratios would not justify taking most of the trades that day (there are exceptions to this tendency for certain strategies)...
By diversifying the products you are covering, you can increase your trading frequency; however naturally this would often entail a lot more work, research and analyses on your part...
That is correct, there is a misconception about day trading. If you are day trader it doesn't mean that everyday you will need to trade. I'm a full time trader and not all of times I'm trading cryptocurrencies. There are risks that should be consider after all, not all of traders are suitable in day trading. Identify first if your skills, personalities, and emotions are suitable in day trader or a passive trader. |
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I agree with Japan being one of the countries that had a huge level of adaptation when it comes to crypto. They might have started adapting crypto a bit late but their progress is fast. There is no wonder since Japan is one of the most advanced Asian countries in regards to technology, so learning the scope and basics of crypto and blockchain is easy for them.
Thousands of businesses and merchants are accepting bitcoin in Japan. It is the country where we can use our bitcoins. There are also some asian cryptocurrency friendly like Philippines and Singapore. But in the Philippines there are only stores that are accepting even the cryptocurrencies are legal in this country. The problem is the lack of information where there are still many citizens where they do not know the cryptocurrencies. |
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I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency.
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than I do about stocks. Now I feel like I should take more out of
Stocks, Feel there’s going to be more return this way. Thoughts on this am I getting carried away
You are doing the right thing. Just buy more bitcoin if you have more money and then wait for it to pump before you sell it. Hold it for long term and I am sure that it would be worth it and it would be great investment for the future. Add more bitcoin in your wallet . Look at the price of Bitcoin in January 2019, it is worth $3.8k and the price of Bitcoin now which is around $7.2k, so if you bought last January and you sell it today then you gain almost 90% which is very good thing despite the market condition, so always choose any ways for you to earn, it is just based on perfect timing and analysis. But the thing is you do not know if it is the bottom of the price. There are people who lose money because they bought at the bottom where the price is really not at the bottom and it continue to go down. Identifying the bottom is really hard because you are never sure if there will be another dip or not. Counter trend strategy is really risky decision but the thing is you can successfully do it with prior knowledge and also good technical analysis skills. |
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Ethereum is the best cryptocurrency that I played in this current year. When the Ethereum got crashed last february where its price is at around $100, I bought bag of them. These kind of crashed is the perfect opportunity to buy ethereum as much as we can. I manage to sell it at around June where its price became $330 per each. It gave me 200% plus profit in these kind of strategy. There are many momentum cryptocurrency in the year 2019 and many traders see that kind of opportunity.
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i think bitcoin will hiy 5500$ because of bitmex leavrage trading
I'm not sure Bitcoin will reach $5500 this month, as I saw in my technical analysis, the second support line is priced at $6000. whereas now the price is above $7000 and the Parabolic SAR indicator is still pushing from below in the sense that the bullish trend still exists. so I think the possibility of reaching $8,000 until closing this year is still possible. we need to see it until we really reach the new year. There is a possibility that the price of bitcoin to go down at around $5,000 per each. If the price of the bitcoin breakdown in its current support level at $6500, then it is sadly to say that the price of bitcoin will gradually decrease again. There is a role reversal will happen if the breakdown occur where its previous support at around $6500 will become its new resistance. My strategy is depending on the price action so I keep monitoring the price of the bitcoin. |
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There isn't really any special reason whatsoever as to why BTC dropped prices. It's just the basic logic of the market, the simple understanding of supply and demand of BTC. The price lowered because some traders suddenly sold their coins for a bit lower than the market price, which continued until the price drop then. But it wouldn't last long because a lot more traders want to sell theirs at a higher price, which brought about the return of the price to 7.5k and above. Then again, the price always wrestles itself between those whom want to sell higher and those whom want to sell lower, and this brings the supply above the demand, which also lowers the price.
The answer is simple and it is because the buyers are overwhelmed by the sellers. The price of bitcoin bounce in the resistance few days ago and the now the price is dropping again but I'm sure that the buyers can take control and they can push the price to up again. Understanding the market and how it works is really the best decision in order to have an idea what happen to the price of the bitcoin. |
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Tron - TRX would be better to hodl for 2020, rather then XRP , EOS and NEO will be consider as under best coin list where Ethereum still need to upgrade, Try to hold bitcoin 70% and give space in your wallet to altcoins as 30% max..
Thanks Considering the state of altcoins right now, I would rather allocate 90% of my funds to Bitcoin and the remaining 10% to altcoins. Those days are long gone, when useless altcoins used to give 100x and 200x ROI per year purely due to speculation. Even established altcoins are struggling now, and during the next year (2020) we may witness a lot many of these alts dying out completely. We should have allocate most of funds in bitcoins than in altcoins. We should learn from the history, I experienced to lose money because I allocate most of my funds in altcoins back in 2018. I regretted that decision and that is why I prefer to buy more bitcoins than altcoins. I also recommend that if we will buy altcoins, we should make sure that it is really worth it in our portfolio. |
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Even if you follow all the tips from here then you can't ensure a safe and profitable trading life for a longer time. Trading doesn't follow some certain rule but yes I agree that these tips are helpful to learn and realize the trade and these will be helpful for the newbies. To make good in trade you have to have patience and brave.
Because there are no guarantees in trading. There are no strict rules to follow to make profit, there is just market that change directions constantly. Traders are trying to predict this changes, and nobody makes profit all the time. Patience is for long-term investing. It's when you believe in the future of some coin. Short-term trading is about speed, to be faster than others, to sell before others and buy before others, and to have good timing for both. There is no guarantee to win in trading if your knowledge is not enough but if you are knowledgeable enough then you can use your head on how you will win in trading. Traders are losing because they are not trained in trading where they just trading without any kind of strategy and studies. We can be prepared anytime if we have a lot of information about trading. Predicting is impossible but forecasting is possible in trading. |
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bitcoin is not gone up in these past week, it is simply consolidating where we can see that its price is bouncing back in support and resistance. The price is just swinging up and swinging down. There is no breakout or breakdown that is still happening. I am sure that it is just gaining power in order to surpass its current resistance at around $7800.
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Poverty has many different causes, and - if stupidity almost certainly makes you poor - the opposite is not true at all: there are many environmental situations where even a genius would not be able to rise from poverty.
So, it seems to me a wrong statement.
We cannot label poor as stupid or stupid as poor. I agree with you that there could be various reasons for poverty. It is never that you were rich and lost money because of stupidity. People have been seen losing money because of different addictions and becoming rich by chance or just because of mere luck. Wealth can never define your mental capabilities but yes it could be taken for your hard work. Rich is a state of mind. You cannot say that a people is a poor just because he doesn't have a lot of money. Being poor is not stupid, they do not only have opportunities that why they are still stuck in poor and middle class. Working hard is not enough, you also need to work smart to escape the poor and middle class. Those rich are working smart and they have the upper hand and that is why rich are getting richer. |
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It is really difficult to trade if you do not have enough information. It is easy to trade if we have enough information and if we know what we are doing. If you want a large profit then make sure that you fully understand the whole cryptocurrency. You should know when to entry and exit in the market. Having risk management can help us to earn big amount of profit.
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Bitcoin is has the biggest market cap and volume trade per day so it works as a market thermometer. traders use bitcoin’s as an indicator of market felling and wait for a good move on bitcoin to enter theirs trades on other coins. However, I would say to remember that the relationship between BTC and altcoins is not always symbiotic. there are time where money is flooding into BTC and the altcoins are bleeding because the money is being taken out of altcoins to go into BTC. I just see an influx of money to both sides which is causing everything to be positive atmosphere.
I do not know my many people are afraid to the dump of bitcoin. There is nothing to be afraid of if we have proper risk management where we have a cut loss. I use percentage stop where I immediately sell the bitcoins that I have if my loss reached -5%. It is a good strategy in order to avoid dump. I see many people who losing money because they do not have cut loss strategy. |
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It was very shocked moment because of the suddenly revive or pumping up of bitcoin from $6,500 to $7,500 very quick. It was a very good news for us bitcoin holders, the 7% pump of bitcoin was very awesome and I really don't know how it pumps up like this in a very bad situation of the market. We can see that the bitcoin is the only one who pumps up very high compared to the other coins in which are very stable in their current values.
Many crypto enthusiast or analyst are saying that this is because of the whales who want to manipulate the market in order to start a good impression and market graph to the crypto and because of this the bitcoin becomes uptrend again for the future of it.
But for me 7% is not high enough for us to say that it is now end of bear market. Even if a crypto enthusiast or analyst says that the market will become bullish, we still do not believe to their claims because it is just their guess after all. Do not expect too much, 7% pump is too little and the it is the reality that the price of bitcoin is still in bearish market. |
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I have bitcoins and I do not have plan to sell it because the market is still downtrend. How can we identify if the market is downtrend? It is simply by using a 200 moving average. If the price is below the MA then it is downtrend but if the price is above the MA it is uptrend. Selling bitcoin in downtrend is not a good idea. It is better to wait another for us to make investment.
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If that happen of course the economies of every country will faol and crashed. Right now the cryptocurrency has important function in every types of economy. And of course it will not happen because the demand of the people to cryptocurrencies are continuing to grow and we will it is really impossible to see that it will vanish. Government cannot also do anything so cryptocurrency because they saw the importance of it even it is a threat to the fiat money that they are backed.
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