The best time to sell is when you've made a profit, and when the price goes up, don't be trapped in the hope that the price will continue to go up to make a sale because that expectation will sometimes reverse the situation.
trading only relies on short profits and if it is profitable there is nothing wrong with selling it without expecting a higher profit but selling too late when the price drops back suddenly.
Aside from what you said, one strategy to fix our stuck and not betray our expectations is to take back our initial capital and use the interest to keep the expectation, that means if we have the correct expectation, our returns will still increase and on the contrary, our mistakes will not be cut too deep into capitalization, simply wasting a bit of profit in exchange for an opportunity. However, it should also be limited with this strategy, not massively and should be able to judge the market situation |
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No, why would they be? China is heavily depending on exports. Once they are getting close to surpass USA and Europe there will likely be a shift against cheap production from China. China can only grow if the world is helping them by buying their products. Once there is a harder stand against the expansionary foreign policy of china against their neighbours we will likely see lower growth rates.
China has paid special attention to the quality during the past decade. They are no longer solely dependent on producing the cheap products but there are brands such as Huawei and Xiaomi that are producing high quality and technologically advanced electronic products. They are now trying to ensure the quality for their products, while maintaining the affordability. Both are important. The vast majority of the world's population can't afford products from Japan or the US, because they are too expensive. I don't know about Japan, but I believe the vast majority of U.S. residents are relying on Chinese products on a daily basis. And I agree, the notion that everything from China is of bad quality is outdated. BUT, I wouldn't go so far as saying that China could "overtake" the US or any other economy. With very rare exceptions, we are living in a big family now, and all big economies are interdependent. Economies are no longer competing, rather they are helping each other to grow. I do not agree with your point of view, although the countries have mutual economic support through the export and import process but this process did not create too much development, the development came from competition, look at the crypto market, you can also see this process, most countries have specific products and cannot be copied by that country. Moreover, the US is a fairly strong country in the military, the weapons are a very expensive brand and the US is very developed in this field, China is always difficult to surpass the US with current technology. |
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1. The major risk of investing and trading bitcoin is the volatility as you don't have any assurance that you can earn from it, another major risk as well is those scammers and fake websites, there are a lot of scammers that we may encounter in this crypto world so be careful always especially for the beginners, fake websites are also one of the things, I am once got scammed by these fake websites that offer to double your money for only one day but end up with no return, this is not a problem for some who already have knowledge and experience in the crypto world but for the beginners that would be the major risk.
Nowadays, phishing sites seem to have too little opportunity to grow as a large number of users warn each other and almost with certain knowledge, this potential risk is very easy to eliminate, so considering it as a major risk is probably not justified. When we talk about the business of crypto, the main risk is still its volatility, it seems that fluctuations are based on the needs and psychology of the crowd to form, it is difficult to judge, besides, garbage projects are also a major risk, they have very virtual profits and we easily die with such projects. |
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I can see many countries are trying to fight against bitcoin because they do believe that increasing the bitcoin demand in their country will decrease the demand of their currency so they need to evolve, in the other hand, many countries will try to follow the new technology so they will try to introduce their own cryptocurrency. The main difference between the cryptocurrency created by governments and bitcoin is the decentralization of bitcoin ,that's why even if the governments create own cryptocurrencies there won't be enough demand comparing to bitcoin.
Bitcoin is a huge source of economic production and sometimes it changes a large part of the finances of some people in some countries, most notably its appeal, always very powerful and mesmerizing, and governments that think creating a similar technology will be able to perfect their finances in such an unthinkable way. However, they only focus on technology and promotion, they do not give people the freedom and develop prices the way investors want, they all push people to the opposite direction. |
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If the wave can beat the ethreum position of course then it will be a new history for the crypto world, but with the current price of ethreum then it is very difficult to beat the current ethreum position which is very high in price and very much the difference with other altcoins, but we also do not know what will happen for the next year because the value of crypto continues to change in a moment.
The ethereum's altitude is no longer simple, previously Waves had many opportunities to improve this situation but unfortunately, technology was outdated and slow to update in versions, it all took Wave too many steps back and right now, the reach for ethereum is too far away, the only challenge ethereum is worried about right now may only be BNB, a new giant this year. Those who are holding Waves should still be satisfied with the result and its value, don't challenge a king, it just makes Waves feel inferior and out of place. |
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Congratulations to everyone who has successfully benefited from this coin.
I think this coin only depends on elon musk, every time elon tweets the price of doge immediately goes up.
Because when elon tweet, many other influencers or top artists follow elon to promote doge.
I believe some guys hold an incredible amount of DOGE, but not sure though whether it turned them into billionaires. Just think about it, a coin like DOGE turning some people into billionaires:D That is hilarious and awesome at the same time. What a crazy world we live in! Billionaires are probably a few, millionaires and some people will be better, that's the majority because dogecoin really only has a low percentage of people interested and holding when dogecoin's past was not so good and to be honest, many thought it would soon go missing due to the replacement of the new strong altcoin. But reality is quite insane and has dragged the crowd frenzy in an unacceptable way but after all, this madness should be over and limited, don't let that madness make us act unconsciously and invest |
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for me owning bitcoin is not too safe because cyber robbers are very cruel, they can drain property in a matter of seconds even we sometimes realize and see btc we move to other wallet
maybe that is the risk that exists for bitcoin which in my opinion is commensurate with the value of btc itself
I have gold the reason I buy gold because the value of gold is quite stable and for me to store gold is a safe-haven asset.
Hackers on bitcoin's system are too many and if we fall into some weird and inattentive signage, our assets can most likely evaporate in the dark and until we know it, our reporting cannot be resolved as there is no one to support this issue, so considering bitcoin as a haven is too false, it's just a super investment with huge returns. Safe assets should include physical things such as gold and real estate, even diamonds are worth considering, their importance never diminishes over time, they are only inferior to bitcoin in terms of profitability |
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Good afternoon to all traders. I have 6 years of experience as a trader, and here I have a question for everyone
Are there people here who want to join a team of traders and receive tone signals?
I quit of following paid signals at 2018. I am involved with Cryptocurrency trading from 2017 and still I am a trader though I don't have big budget. From the very beginning of my journey, I did follow a paid group and joined with them to make me gainer from trading. Unfortunately, I can't make profit by following it and my funds were getting lost for wrong signals. And after realizing it, I quit to follow those signals and till now I don't believe any paid signals are working though there are many good people who shares the actual value. But it is hard for me to believe again. The mistake of sheep is to always accompany wolves, groups of paid signals frequently create a brand image with a relatively high statistical probability of return when they enter this market, they create curiosity and they define the good direction in the market and when we go with them, they start to swallow our money. Sometimes they are just people who steal copyright from other groups to create reputation, trust should be given to the right people, not the people that make us their tools |
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The economic development of a country depends a lot on the population of that country and how that population is using the resources of that country. If the population of that country uses Bitcoin for any immoral or illegal purpose, then the country may suffer economic loss. But for now, I think Bitcoin does not harm the economy of any country but enriches the economy.
In your judgment, you are thinking that bitcoin is being used very popular but reality proves your story to be a mistake, the percentage of the population using bitcoin in each country is still relatively normal and not very widespread, so even if they use bitcoin for illegal purposes or a personal ideal, that cannot change the economy too much of the country. As for economic destruction through bitcoin, perhaps only those who incorrectly invest will be victims, their economy has been pretty bad since seeing bitcoin as a big casino to win. |
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Thanks to this platform, it's full of get-rich-quick opportunities！！！  I beg to disagree though, this platform is not built to promote get rich quick scheme here. -cut- Exactly. This forum is a fantastic place to learn about cryptocurrency, discuss new ideas and projects, and share what we've learned from other projects. Its focus is on learning about Bitcoin and other coins/protocols, as well as how they can be used in everyday life. Yes, this forum is the place to build our knowledge and answer crypto questions, besides, we can also learn more about some of the projects that are nearing launch here but after all, there is not a wealth promotion concept here through this forum, the discussion can give us strategic and market perspectives, campaigns can provide additional income but all will not make us rich quickly. Wealth requires some other methods such as trading and investing, but perhaps this wealth only applies to a few knowledgeable people, not all. |
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I have said for a long time that he should not have interfered, or interfered less in the crypto industry.
I love such interventions, maybe this interference can turn into a game to trap each other and manipulate the market but this industry needs to be refreshed in such a way, Elon Musk is just the base, the whales are the bottom division and proceed to fulfill this guy's aspirations, catalyze the market to be vibrant and to have such big swings to make money. You should look at the profits if you are really part of the story, the number goes far beyond ordinary achievements and why try to stop celebrities from creating these opportunities for you |
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although bitcoin is more valuable than real fiats, it's still impossible to erase some bank even in third world countries.. Indeed government will not allow this thing to happen as well like for real.. Because we have some protocol to follow when it come real money wherein even making joke with it in public or you burn it still prohibited. You will face a serious problem for it against government, and will be in prison for how many years. For this reason its very impossible to replace crypto currency even in the future..
Whether we are in a poor or developed country, banks will be a fairly safe way of transporting money, complaints or refund requests due to errors, most of the problem is solved under their system while bitcoin in terms of value is probably quite high, but their system is relatively inflexible and quite difficult to handle losses. Before bitcoin wants to kill banks, bitcoin also needs to be responsible enough to handle the problems that arise, but perhaps it cannot, there's no need to talk about governments and their rules, Bitcoin is still hard to cooperate with users like banks are doing |
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Cryptocurrencies are always worthy to invest and Doge coin too as long as it has any value so it all depends on how you good with your analysis and patience level. Investments are subjected to market risks*  To the extent that it deserves, I do not give too high a score on dogecoin, its score is acceptable and passable due to the project's persistence and intense vitality, above all, it has too many magic points that coincide as mysterious pumps or Elon Musk's assist. However, the random and external external forces only partially help the growth, the project lacks internal factors, hence the scale for it is still quite low, instead of being patient with it, a new project or project with internal power will be more valuable |
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I do not think that trx will soon reach a new ath, looking at its chart is in continuous descent from 22 April, it still remains an excellent altcoin with values, percentages above the average in staking not to mention its spearhead that is the token sun which gives great satisfaction both as value and in staking, if they also introduce nft on its blockchain it will become one of my favorite altcoins
ATH is really quite difficult for this project when in recent days, the market is falling into nightmares, besides, the US government suddenly doubled taxes, that made a lot of investors liquidate to reduce tax costs, pretty unpredictable when I don't know if this is a fact or just a threat to force weak people to liquidate their assets. In addition, TRX is known as a low-cost transportation network, investors will need it at a fixed and stable price, that causes its oscillations to fall low and not improve too much |
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maybe the US applies the rules of bitcoin not to legalize or illegal, but the US government provides more rules where bitcoin in the US must run according to the rules and directives of the government. it is natural, because each country has its own rules for what is in the country
The US government is very firm and strict in the tax and income sector, they do not prohibit too much crypto activities but they demand transparency and contribute to society and the development of the nation, rules that they create need exchanges and participants have to comply correctly, otherwise they will punish mistakes. Other countries have relatively few regulations, they simply cite statements and threats from banks and people in power but these are also appearances and external factors, without inner strength |
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BNB is a very good coin for long and short term investments, because of its advantage, namely cheap gas fees, the more people are moving from ETH to BNB, therefore BNB still has high potential to continue to rise.
Competitive cost is indeed a bright spot but I look further into the value of the team, their rules are always very simple, always as optimal as possible and create activities for users to participate, no denying it is sometimes just a trend and an exaggeration but still appreciate this strong interaction when quite a lot of people in the community are still very happy and making money, commercial value and advertising are located here. However, in order to best invest in BNB, capitalizing on bitcoin's weaknesses and changes, they will allow us to accumulate more BNB than we expected. |
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In a period like this, it takes self control and courage to hold up to your bitcoin. It is very hard to laugh in a situation like this, but we have to, and also make best use of this bitcoin price dropping.
The cryto market has witnessed bitcoin crashing in the past. So worrying about the present condition of bitcoin shouldn't be an option.
Buy more bitcoin, relax so as to smile when the price rises up.
Well, I don't think it's difficult to laugh in this case but of course, it will be a smile and underneath is tears and worry, at least many people are in this situation, maybe this is a common sharing, more or less will relieve psychological pressure. Besides, trying not to dump bitcoin will contribute to its future change in value, spending even more money to buy more bitcoin is also a good practice but instead of being positive, many holders fail to show such mood, they are too heavy in thinking and stress in their brains. |
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A relevant and very positive news for XRP is that they are taking it into account for payments in HONG KONG, in 2019 many paid with Bitcoin and ETH, but currently due to the high fees they are taking as a solution the adoption of other cryptocurrencies than their fee be only pennies, Hong Kong moves a lot of commerce and has a growing demand in every sense, food, clothing, items that everyone looks for to cover their needs, and they have taken into account XRP for their payments, this article outlines it. But fees on Bitcoin are comparable (if not more), while those on Ethereum run over $50. BNB, XRP, and BUSD are a saving grace in that regard, with a fee of just a few cents per transaction. Source: https://cryptoslate.com/hong-kong-business-turns-to-bnb-and-xrp-payments-amidst-coronavirus-slowdown/This means that the more adoption there is in XRP, this helps to grow the demand and movement of the currency, it is positive and more in these moments where Bitcoin is going through a moment of high volatility and retracement, XRP is an infallible option for take advantage of it right now. With more news about this kind of potential adoptions, the chance that this coin will reach or surpass the last time high is very possible, for the moment those who are willing to take the risk can buy more now, currently the price is still cheap comparing to the last time high. Need to have good patience and willingness to risk your investment for much longer time if in case this downfall continue to dominate the market. Sorry when I broke the type of potential you said, if you could, you should look at Ripple right now, it's just going to the limit of manipulation, the potential you are to trust does not appear to be in ripple, value is only within certain resistance and support levels and cannot go any further. The recent price increase can only be attributed to whale luck, the market is doing well and everything will be easy, which is the nature of this story but when the market is bad, Ripple is also back to its very nature, with no potential and no idea how long it will take to make a profit |
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Risk management allows us to manage our losses, on how we are going to deal with it, without risk management, we will have a hard time on making decisions on how to deal with our losses. To make this simple, for example is you enter a trade with a $50 on it, but you lost it.
Now, most of the traders would do is to enter a trade with a $100 so when they win, they'll have profits instantly, a high risk, high reward move. However, the most safest way for it is to bet lower than $50 and slowly recover your losses, because losing the $100 will just make your loss even more big.
Indeed, risk management is a system built on the actual needs that we want, removing emotions to complete a certain action, what will be shown here will be the future moves, the strategies we must do to the success or failure of the market, the commands here are absolute and irreversible under any circumstances to maximize the meaning of this system. It sounds quite simple, but most of the time, the user mentality breaks the system's rules very often, they are not afraid of punishment, they accept a greater price to maintain their profitable opportunity |
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I think bitcoin can make us rich and feel free. people who have bought quite a lot of bitcoin in 2017 or before when the price of bitcoin was cheaper then they are now very rich people. Experienced traders and investors going to get rich with bitcoin all need meticulousness and patience to get satisfactory results.
You should be more precise, maybe rich and maybe free but an opposite situation can still happen, sometimes we lose our freedom, even become poorer by failures in bitcoin, perhaps we should clearly define the purpose and concept for which bitcoin was created, instead of creating the freedom or the opportunity to get rich, bitcoin appears only for the purpose of being a new technology, the rest is just a turn that many people want. Wealth and freedom depend on what we do in bitcoin or any other field, we are creating everything, not everything creating us. |
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