Do you think financial stability is mandatory to be a gainer in Bitcoin investments?
Not mandatory but if people with less assets have big possibility to sell their bitcoin because something unexpected. Not like people who have a lot of money who made investment beside his main salary and maybe already have savings. Not far to mention, sometimes when i want to hold my bitcoin, and then i forced to sell it in any price because need urgent money, i don't have much choice beside selling my assets although price still in lower position. |
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Like most of you guys, i have tons of shitcoins in my wallets and trying to look at it from the bright site. I was wondering, what if there will be a market for collectable early shitcoins in the far future. I am talking about rare shitcoins that left some mark in the crypto world like most notorious exit scams or hacked coins or biggest pump and dump coins or first meme coins... I wouldnt be surprised if we see a market for those in 20 years, at least that is how i cheer myself up when i see my wallets  Since we know there are a lot of dead project in past although they are success before, i think it is nearly impossible to happen. Because who want to buy it is only people who only want to collect without getting profit from it. And maybe no one or maybe 1-2 people who only want to do it and it can't be compared with how much people who want to sell their shit coins/tokens. |
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So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Vote for trade on double pairs, or maybe more. Because if we put all in one pair and then we lose, we can't do anything with it except hold or maybe back up in same coin. But if we put it into pair, if one lose, the other still have chance to help gain profit. At least we still have choice although there are a chance that can be worse if both coins that we already bought dumped in same time. |
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I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
I wouldn't think or maybe suggest people do that thing. Because like what OP said, if there is a dump it means will shock investors so for me i will only follow basic rules in trading or investment. Always use money that we already lose, and of course i wouldn't sell my house or anything important to my life into investment because to analyze i am not good and although professional traders sometime made a mistake and i not want really bad thing happen to my life. |
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I think that trading is one of the most stressful things.
It is a rollercoaster of emotions and if you do not have an outlet,you will make some mistakes easily.
How do you cope with the stress of trading?
Never push ourself, trading is something that need us to be calm. If we panic or in a hurry condition, sometimes it can cause us to do reckless thing and made wrong decision. And we trading not all use to be our capital, we withdraw some money to daily life and maybe get a vacation. In vacation if we want we still can trading too, there are a lot of sites that mobile friendly and we can trade anywhere as long we have internet connection. |
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I am new to bitcoin and come from a third world country. One of my friend told me a company came telling all to invest 150 USD in an scheme and then they can earn daily about 6-7 USD regularly by watching ads for the rest of their life. My friend earned 6-7 USD everyday by watching an ad of 8 minutes. He got paid instantly and also told me about the Binance mobile app. This worked for almost 1.5 months. Then the company disappeared. Those who invested lately couldnt get their money. I want to know how this process works. How is this related to bitcoin and how can one earn just by watching ads ?
It is more like PTC (Pay to click) sites which already knew by a lot of people that they are not really earning by watching ads or maybe something else, but what they get is money from people who deposit after him. There are some sites that we must really aware with it. 1. Cloud mining which only ask us to deposit and get earning certain percentage everyday/hour. 2. Sites who offer us to double our money only with deposit 3. Pay to click sites which ask us to buy ads to watch or maybe click and we get earning with that. |
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What do you think? Will Dogecoin be able to survive without Elon Musk? Or will it simply vanish like the rest of the other "shitcoins" on the market? Is the DOGE hype over? Your input will be greatly appreciated. Thank you.  I think yes, because Dogecoin itself before Elon Musk hype it already survived for a very long time. Maybe without Elon Musk, the hype will be over and dogecoin will be pump and dump coin like usual, maybe price will back before it's hype. But to be dead coin, i think it have really small chance to happen because community and some websites still allow dogecoin deposit. |
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Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.
Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?
Do trading activity means we must know that we can lose our money anytime. Maybe if we can see a lot of people will answer wouldn't abandon their trading activities in this thread. Maybe take a rest is a yes, but leave it forever, i don't think we will do it. Because there are still chance to gain profit in trading activity, not only losses as long we know and use good strategies. |
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Right now, Government of my country is in a process of trying to track players/account holders of a one crypto game to ask for tax because of fast and good earning rate, and I think it's not possible. So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.
I think government will only can block access to the game. Like when they block access to illegal site or maybe porn site. To close site that to be NFT games, i think they can't. Or maybe only can made it is illegal so any money that sourced from crypto they can track it like what your government do, and P2P can be temporary solution for it. |
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Bitcoin really change my life, this is not a fake story but if we know how to hey advantage with it we can be success. At past i don't have house, but after joined some bounties and then trade my reward, i can have it now although it is not a big house. And at least it can made my parents really proud of me because maybe if only rely on main salary, will very hard for me to get a house.
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Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there
Usually long term holder have their own target in what profit they will take so it is worth the waiting. I think it is not greedy because people usually not want to waste their time when they wait for a long time and take profit less than their target. Greed or not is depends on what style of his trading activity. And there are only thin line between greedy and what they aim, as long they can get profit i think it is not a problem. |
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How to identify high-quality projects in the primary market?
1. The team background of the project,.whether the founding team members have other technical or operational backgrounds related to the blockchain icon project. You can learn about it through official white papers, official websites, communities, and other channels.
2. The investment institution of the project is extremely important. A good project seed will attract the participation of well-known institutions in the circle.
3. The technological innovation of the project, or a simple analogy of similar application projects.
If primary market means big markets, i think it can be considered as good project. Good not means high quality btw. Because usually some exchanges already have requirements for a project to listed in their sites although sometimes still need voting about it. For me, i am not really deep into coin especially new projects, if not old big coins usually i will only do short or mid term investment. |
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I would like to thank the people who replied to my topic where I asked a few questions regarding the implementation of Bitcoin. Putting that aside, I have successfully implemented "Lighting Network" Bitcoin payments in my hardware store. Already 4 different persons have used Bitcoin as a payment today. I have not only implemented Bitcoin payments in my store but I invested 10 000$ in BTC.
I am fascinated by Bitcoin and I will definitely stay active in this amazing forum.
Usually when you open bitcoin payment in your store, people who already involved in crypto will interested to try it and hope a lot of people will come to your store and use bitcoin as payment. A lot of people maybe hope same things to, include me but unfortunately my government not allow anything beside fiat to be payment. Even to sell digital product people in here can't use bitcoin as payment. |
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At this point making profit from both bull and bear market should be the target so we don't always wait until the market is bullish before we make profit out of Crypto. We're you able to spot the beginning of the bear moment or did you join the trend after several candles formed.
For me I joined the trend after the formation of an evening star just above the overbought zone I knew it was going to be a massive sell so I joined the train and made some cool profit. It might likely take a longer time for another pullback for now let keep consolidating around $45k-$48k. What do you think
Always miss the peak, always miss the dip. Usually i trade when pump or dump still happens. And can't decide in what price the coin will go. But as long i get profit it is already enough for me. Doing analysis is not my specialize and even to pick a coin to trade beside bitcoin and maybe other big coins, i ask my friend for suggestion. |
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Back in 2017, the topic of stablecoins like Tether completely crashing to $0. Is Tether still safe to hold your funds on?
I think they create stablecoin not without a reason, that is why possibility for it to crashed is really small. Until now, i use Tether (USDT) to hold my coins or maybe send my assets to other exchanges because with TRC20/BEP20 it only cost small fee to send my coins. But for holding funds, since i aim for profit too i only hold big coinmarketcap coins and use it as my investment. |
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As crypto/Blockchain tech becomes more popular, mainstream banks and governments will be forced to take action against this emerging industry to stop its growth worldwide. They don't want to people to use crypto on top of Fiat, so we'll be seeing new tactics from said entities in order to destroy crypto for good. One of those tactics could be either banning people from trading crypto at a centralized exchange or simply prosecuting developers of a cryptocurrency project. I believe the latter option is much easier and effective for governments to put an end to crypto for good. Before devs will be able to launch a new cryptocurrency, they're going to need governments' approval. Otherwise, they could face serious consequences in the long run. Thoughts?  If government really made regulation up to the coin itself, i think it will means crypto is not decentralized anymore. Because it can really disrupt crypto community itself and would make not really much variation in altcoin. It is depends on us to pick which altcoin that we think profitable for us, and in crypto itself already tell people to pick investment with analysis and research because risk is all on ourself. |
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There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
The second one, that is why people really must know how to manage their capital. Sometimes we are not expect dump will come suddenly. And if we only rely on 1 portion of capital, we only get stuck and hold coins that we already bought. But if have another portion of capital, we can use it as back up capital and take opportunity when coin that we bought in lower price or we can change to another coin that we think more profitable and cover our loss. |
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Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?
In case it is really happen, maybe yes, because there are no people who sell it anymore and 1 wallet is the holder. But we only imagine if it is really happen, because bitcoin is not only from market, miner and any other place that use bitcoin will made it really hard to be controlled by 1 person or maybe company. That is why bitcoin is decentralized because it is uncontrollable. |
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`snip
To be a note, newbie or not always make sure we are ready for trading, in physic or mental. Don't let our emotion take control in trading and we do something reckless. Because any strategy or maybe analysis wouldn't help if our emotion already get break down, we can take wrong decision and it can cause us to more suffer than losses. |
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NFT still really hype for now, and people maybe shouldn't be too idealist and stay in 1-2 coins. If a coin or a thing can be profitable, i think it is worth to made investment in it. Or maybe spend some portion from all capital, beside to trade and buying coins, we can buy some NFTs as long they are really worth to bought, i mean we still need to do some research too absolutely.
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