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bitcoin can now target the payment system position, including in some restaurants in some countries, but to be used as world money I don't think that is something that can be applied in the world, I believe that bitcoin cannot be used as a commodity of money in the world now but for the future it cannot be predicted.
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eth is used a lot and is used for anything, now it is not only a holding but for investment and trading ethereum is very good, but just be patient waiting for prices to be high. so it's a good thing for eth coins.
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the most important thing in ico is marketing. now we can't just have ideas and concepts but marketing and marketing are still the best choices. because nowadays many ico compete to recruit the best marketing team for the success of an ico.
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BE PREPARED FOR THE WORST: In this bear market,I have learnt that the worst could happen,so we should always prepare for the worst.Many have lost up to 80% of their portfolio to this bear market because they are not expecting the worst to happen,unfortunately,they are caught up in it.If they had prepare for the worst,they could have done something about their portfolio at the beginning of the bear market.
DECISION BASED ON PAST EXPERIENCE MAY NEVER BE THE RIGHT ONE:It may be risky to base your decision on assumption.At the beginning of this bear market,there was a lot of assumption,many so sure that before we close our eyes and open,bull run will be here.Nobody ever expect the bear market to be this long,so, many decision made base on this assumptions as lead to frustration today.
In crypto,today you are up and tomorrow you are down.
To those caught up in it,you can only hope for the best,don’t give up.
sometimes the worst markets now make people tend to be frustrated, this can be used as a moment to stay in control and maybe buy when the position is low. for coin owners who have been trapped into a low position I suggest that they never give up and focus on getting profit |
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Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.
But do you think it's really necessary to have so many stable coins?
indeed, stable coins are needed, this can help investors to save coins on some stable coins. this is like a savings system where even long-term hold prices can be stable and that is good for asset security systems. |
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it depends on your altcoin choice if you choose a good and potentially altcoin, maybe this can be used as a safe deposit. but for you to save in altcoin in just a few percent so that defeat if it happens to you is only a little nominal.
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because the bitcoin system is good for supporting payment transactions, now bitcoin is more appropriate and good to be used as a payment system. so this is why bitcoin can be used as one of the easiest payment systems besides money. and there are already many companies or places that provide payment systems with bitcoin.
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many teams open new ico and release it because they are not only getting this profit but also related to concepts, they compete with the best concepts and benefit many people. so I think a lot of ico is natural because there are a lot of changes that occur when Iico appears and is released in cryptocurrency and for traders and investors more and more choices of coins to be traded and invested if many ico appear.
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trade when the market position is red I don't think it's a safe thing, it would be better to invest in potentially and high-value coins. but if you want to trade it might be possible but with great risk and with a more selective choice of coins so that profits can be obtained.
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I want to know that which will be more profitable in future BTC or alts? Though i am a die heart fan of BTC but for now i think alts will be more profitable than BTC. So what's your opinion? Comment please.
altcoin has the advantage of many different coin variants, I am still optimistic that altcoin and bitcoin can be the best influence of coins in cryptocurrency, this is a good choice for investment. |
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When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning
gambling will only make you lose, good management is also a factor why gambling is never good. so I think trading with good management can be used as the best choice and it will still continue to be useful for future profits. |
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I want to learn how to trade. If you want, then please give me some advices, tips etc. Links to all kinds of helpful information is also very good. Please don't write empty filler comments.
EDIT: I want to day trade and swing trade. I know about cryptocurrency, so I don't need information about that. I prefer not to tell my capital investment. I am already trading and almost all my investment is in bitcoin cash right now. I am basically looking for guidance on how to trade. I am not a complete beginner, but still very new in trading.
you as a beginner choosing bitcoin to trade is the right thing, for beginners choosing coins that have potential can be used as the right way. so I think you should be able to practice daily trading with bitcoin and get profit. |
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I will buy ethereum and neo as one of the best buying options. because now these two coins have a low price but save high potential. so I think ethereum and neo will still continue to be the main choices on my list.
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$ 500 might be a nominal minimum to start trading, I think this is something that might be a choice for beginners. use the minimum as possible so that it is not too large if you experience a loss and this can be a good choice.
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I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.
altcoin which has great potential in some exchanges will be easier to continue to be used as a good daily term holding. we can continue to see this as a good choice because the nature of the altcoin if held in the long run will experience a dump and for the pump must require a long period of time. so I think it's a natural thing if the altcoin is suitable for daily trading, |
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Has anyone found volatility in altcoins? I see the market very still and difficult to find opportunities for quick profits.
Which exchange do you use for this type of trade?
binance and kucoin are now a good exchange to be used as a producer of daily profits. we can continue to see that it will still be in the best position, so I think day trading in large exchanges can affect profit. |
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Here are some characteristics of successful traders and gamblers:
A gambler:
- Have no transaction method.
- Do not take notes of your views on the market trend daily.
- Don’t care about risk management
- Spend most of your time focusing on winning and making profit.
- Let emotions dominated their mind when trading
-Place orders without consideration.
- Place too many orders
A trader:
-Understand and master an effective trading method
-Have a clear and specific trading plan and comply with it.
- Have a daily note on market view and trend
- Pay attention to risk management for each trading order
-Don’t set making profit and winning as their 1st priority
- Only make the deal when the price model matches the method.
-don’t let emotions control their actions
- Consider coin trading as their career and daytime job.
If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.
This does make sense if you able to follow this trading plan probably you have a higher chance to become a successful trader in the future. traders are different from gambling, gambling is now more fortune oriented rather than detailed analysis like traders. different from the current trader can be used as one of the best ways to get profit because of thinking more about profit and existing analysis. |
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The more various opinions I hear about Cryptocurrency, the more I realize that there is a new kind of phobic hysteria, which appears literally about everything related to Cryptocurrency, e.g. mining, trading, ICOs or lending.
In some cases people provide interesting groundings concerning Cryptocurrency risks and instability.
But in many cases their negative conclusions simply sound like: scam, deception and other "demonizing" statements.
I think this phenomenon spreads around fairly fast.
What's your opinion about it?
it must be straightened out about such statements, cryptocurrency for someone who does not know more deeply may be used as a phobia because it will continue to be something that might be detrimental to them. This must be answered with a positive statement if cryptocurrency can have a positive impact. |
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it is the opinion of every individual, but if I myself see crypto as an opportunity this can be used when prices are in a low position we can buy and take advantage of these opportunities to get high prices when prices rise. so it's only a danger if it's done by someone who is not professional.
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This possibility is a good idea that suggests that hardware wallets make security more reliable because you are holding your money. and I believe using hardware wallets is not just for bitcoin. This is also for other coins  Wallet hardware security is great for avoiding hackers. many manufacturers of hardware wallets can design to store lots of types of coins not just bitcoin, this has a positive effect on the owners of coins in big amount. |
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