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81  Economy / Trading Discussion / Re: What if i buy coin of 1 sat .. i can double my money just in a day on: March 03, 2018, 12:53:22 AM
i wanna talk about selecting some 1 sat coins in coinexchange.io put some money on thm and wait for pump .. it is not difficult to jump to 2 sat so i double my money easily

Wow OP this is not to underestimate your capability and knowledge but you are playing the cryptocurrency in a dangerous show. If you will continue this kind of thinking I will predict your next post would be how not to be scammed by pump and dump group.

What I like you do is study the market very well. Research on BTC and altcoins, study their fundamental and technical aspect and this will give you a good chance of earnings in trading but will not guaranty success.
82  Economy / Economics / Re: Bill Gates says crypto-currencies cause deaths on: March 02, 2018, 05:45:45 AM
I just saw this news, For me its always the choice of an individual in how people will use the technology, many of the technologies can make an easy way to do bad things in life but it is the choice of the people, if they use it in a bad way, they will suffer for their selves.


Crypto-currencies are killing people in a "fairly direct way", Microsoft founder Bill Gates has said.

He was referring to the way digital currencies like Bitcoin are used to buy drugs like synthetic opioid fentanyl.

In an "ask me anything" session on news website Reddit, he said that the anonymity of digital currencies meant they were linked to terrorist funding and money laundering.

Some criticised him, saying he was ill-informed about the technology.

Asked by one user for his opinion on the technology, Mr Gates replied: "The main feature of crypto-currencies is their anonymity. I don't think this is a good thing. The government's ability to find money laundering and tax evasion and terrorist funding is a good thing.

"Right now, crypto-currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs [initial coin offerings] and crypto-currencies is super risky for those who go long."

heres the link: http://www.bbc.com/news/technology-43239781



This is the opinion of Mr. Bill Gates and I think we have also liberty to say it is correct/wrong simply because everyone in democratic country has free will to express his opinion. Even I, can say to Bill Gates that he is so naive to say that argument. I'm free to express my view without being persecuted simply because of the freedom of speech.

I think what’s important here is if you believe in Bill Gates comment regarding bitcoin then everyone is free to agree or disagree. In this case cryptocurrency is one of the causes of death. It is the dark side of human that kills and not the crypto.

83  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm very disappointed with myself. on: March 01, 2018, 12:13:40 PM
I'm extremely depressed about my impatience and persistence.
I'm a stupid man. Fuck myself.
I bought the ETC when its price was 15$, i kept it for three months, including when it down at 9$, I still don't sell, because i believe it. And when ETC rise to 15$. I sold everything and waited it down $ 13 to buy more. But, fuck myself, the next day it rise to fucking 30$, Are you kidding me?
I bought 5000 XRP from May, i still believe it, I bought more yesterday, I bought when its price was 0,00001610sts, and when it down 0,00001558, i afraid BTC up, XRP down. So i sold everything. And... This morning I woke up with a sense of chest not say words.

This is my mistake, definitely like that. I can't blame anyone.
I told myself, "The market is still there. Nothing to hurry"
I don't complain, i post here just relieve stress. I didn't  tell anyone about this, including my wife.
Thank for listening.


Cryptocurrency has still a lot of gas for growth. The key for success is holding the BTC or altcoins for the longer period of time. If you look at the crypto performance for a period of 5 years, it is more profitable to become investor rather than the day trade. Don’t lose hope you can still recover your lost if you decide to continue investing in crypto.
84  Economy / Economics / Re: Is it possible for someone to manipulate the virtual currency market? on: February 27, 2018, 11:01:23 AM
If an entity is large and powerful enough, is it possible for it to gain a monopoly advantage and manipulate the rises and falls of the virtual currency market?

My answer is yes! It is actually a strategy use by fund manager who has a lot of financial capabilities to control in some extend the price of the market. It is actually happen in stocks market, forex, and even in cryptocurrencies.
 
The next question is this bad for the small player? The answer is no! We can take it to our advantage that kind of strategy use by big player. By studying the pattern use by big player, it is usually happen in the third wave of Resistance and Support line. All you have to do is carefully study the pattern.
85  Economy / Economics / Re: Implication of regulation and the securities status on: February 26, 2018, 11:03:34 AM
Hi all,

just want to throw out a question. Whats your opinion on the regulation of cryptos to a securities status (global scenario) ?

As an example, in Switzerland the financial regulatory agengy FINMA has set regulations that will limit the possibilities for new ICO's and provide more safety for investors.
(see: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/)

Resumed, I think it will be good for the market and future of ICO's but others think it will suffocate new startups. I would be very interested in some opinions on the subject.

Thanks


For these particular ICO regulations I think it is appropriate thing that government should put guidelines in order to minimize fraud from the project creator. It is also good thing that government recognized the crypto as a legal tender.

I think some will raise their eyebrow because for the crypto to have regulations it will violate the crypto vision of decentralization. But if there will be no regulation then who among us will control the scams ICO, and the government I think is the best fit regulatory body to do that job.
86  Economy / Economics / Re: Why the Animosity Towards Banks on: February 26, 2018, 04:41:40 AM
One of the biggest reasons that I love the idea of BTC and crypto in general is because I hate the unpredictability and inflationary nature of fiat money supply.  If it were up to me, we would get rid of the US Federal Reserve and go back to a gold standard or completely adopt crypto.  But one of the other big reasons that people seem to gravitate towards crypto is the hatred of big banks.  I'm wondering why that is.  I use Chase and I never have to pay any fees to wire money, move money around my accounts.  Yeah, the bank pays out only tiny bits of interest but I don't feel like I'm getting robbed by these banks in any way.  When I need to transfer money, I use PayPal, when I have to buy stuff I use my credit card and I get points for it.  I just don't see why this community has this hatred towards big banks so I'd love to understand some of the reasons people have.

In general maybe a lot of people experience poor service from bank industry whether depositing or withdrawing money. Whenever I go to the bank the feeling of disassociated even I’m a bank depositor is there. And because they are only institutions we can rely in past they abuse the public in a way by not improving their service and keeping deaf from our plea. It is good thing that cryptocurrency is develop at least today we have option.
87  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you trading ALTs? on: February 25, 2018, 10:50:55 AM
From early Jan to till now I would like to know how is your crypto currency trading going on? To me, market is not stable. I bought lot's of ALTs and all of them are down. Some of them are even over 70% down. How are things going on with you too?

Appreciate sharing your experience.

Thanks

Take this time of low price into your advantage. Having down market gives us opportunity to cost averaging the altcoins in our portfolio. At the moment fundamentally and technically this time is not that good for trading activities. BTC and altcoins moves erratic and hard to predict its movement.
88  Economy / Trading Discussion / Re: 5 errors when buying crypto currency on: February 24, 2018, 01:45:42 PM
Everyone who comes into the crypto business makes almost the same mistakes because of his inexperience, patterned thinking and, panicking under the influence of the crowd. If discard all illusions about our own "EGO", we are all imperfect people and prone to make mistakes. The financial market likes such amateurs and absorbs them with guts, because it is the only one which is always right and remains in a huge plus. And the question is - how to deal with it? It's quite simple – rule out these mistakes and you will defeat a crowd of losers and climb to the top of financial success.

Mistake № 1. Buying on the top (loss of profit syndrome).
A huge number of people enter the market at that moment when it's time to get out of it, regardless of the scale in which they trade. If the coin has recently shown X5-X10, it makes sense to look the other way, to look for a fresh product - coins that have successfully completed the ICO, have collected HardCap, but have not yet received their Xs. Of course, in each case there is still a chance for profit from further coin growth, but the probability of a decline in this moment is usually very high. Eventually, an inexperienced investor sees how the pump of the coin ends and he suffers losses of 100%. As a rule, any growth price is accompanied by an increasing volume and it is fraught - if there are buyers, then there must be seller. As a consequence, the increasing volume in the growing market may be a sign of the top achievement, as volume is a leading indicator for assessing future price development. People themselves generate volumes at a peak - see how the price increases, experience a "loss of profit syndrome" and soon receive losses.
 
To avoid this situation, the following rules should be adhered to:

1. Never buy when volume increases if the price is at the top of the market and there are no valid reasons for further price rise, and instead an artificial pumping of the price occurs.
2. You can buy in a growing market, but only if there is a break through the resistance level (maybe for someone it's a new word, but it's better to learn the basics of trading).
3. Always remember, there are 2 sell/buy glasses on the stock exchange, which means that against your deal for a purchase is a sale, where an experienced player comes out of a long position to re-buy at the bottom.


Mistake № 2. Sale of coins on the bottom (fear of losing everything).
No less number of investors falls into this situation. Surprisingly, this is a mirror image of the "Buying on the top" scenario, the same high volume combined with the heavily falling prices. Only in this situation we already experience not the "lost profit syndrome", but "the fear of losing everything". Negative news, panic on the forums and big red candles. Typically, this situation on the market has a pointed depression, such as the letter "V" (see screenshot). Selling in this situation, you will very soon face a price reversal and regret that you have succumbed to fear, trying to leave at least something of your investment.
How to avoid such an error?

Follow the same rules as before:
1. Never sell when volume increases if the price is at the bottom of the market, especially when all support levels are broken and there is no valid reasons for further price drop.
2. Sell in a declining market, supported by volume, only if you really see that there will be a break through the support level.
3. Always remember: on your sell, more experienced players want to be proficient; for your sell is an order where another investment fund or a large trader enters a long position to buy.


Mistake № 3. Growth leaders sale
It often happens that the investor, instead of long-term investments, is limited to short-term investments. Having received the coin's growth in 3-5 times, he sees a small drawdown after growth and makes the assumption that this is a signal for sale, the coin should fall. To his great disappointment, after some period of calm and movement in the lateral range, the price soon easily rushes to new heights. And what about trade on the correction, you ask? Gentlemen – this is an art that you still need to master, because you are starting a dangerous game against the trend. As a rule, the growth leaders do not go for a turn, but stop in a narrow corridor for a short respite and a further jump up. Of course, reversals of leaders happen, but most often this is due to SCAM of the project itself or serious security problems of the technology itself.

Use the following rules for this item:
1. Do not take short positions on the growth leaders, this is an investment for 6-12 months minimum.
2. If an outset emerged on the uptrend, you can count on a new breakthrough up (the longer the lateral trend lasts, the more chances to go higher up, breaking through the resistance level on the top).


Mistake № 4. Buying leaders who have recently sank to the bottom.
This error is a consequence of the newcomer's greed and rashness. Typically, the crypto business comes, hearing in the news of super profits, for example, about how Bitcoin did 18000% for a paltry 5 years. Looking at the Bitcoin, Etherium, Verge graph, the newcomer looks and imagines that he now had if he bought Bitcoin for $1000 in 2010-2011 or Etherium for $2, and even just investing in Verge $100, now he could drive on a steep wheelbarrow. In such moments, as a rule, we would like to think that the price always comes back and it is necessary to find a coin with a drawdown of 99%, of the latter, it is a sensational BitConnect project. I will not write about it, this coin refers to 5-th error. (This paragraph does not apply to the situation with Bitcoin in 2013-2014, when there was a hard correction).

Here is only one rule: do not take coins, the drawdown for which was more than 70%. Any technology (project) has its beginning and end, and during the rapid development of ICO (other more advanced technologies, projects) it is foolish to expect a quick recovery of the scam position of the project that has lost the key staff of the development team or key investors. The latter, most likely, at this time invest their funds in Etherium 4.01.


Mistake № 5. Purchase coins from scam projects.
This error is a consequence of the previous one. Greed has ruined us.
Very often I hear about over profits in Landing ICO, investing in InvestBox and so on. If the project offers more profit in the shortest possible time - think! Most likely you are offered to enter the financial pyramid and will be enriched by the miracle of the project written on a cheap Internet template. Yes, you can quickly make money here, but you can lose everything quickly. Therefore, these projects do not suit us, we are investors and traders, not roulette players.

In this situation, observe the following rules:
- Do not buy unknown coins, which are not available on such authoritative resources as CoinMarketCap, Investing.com
- Do not get involved in projects that offer you an income of 10-20% per day, most likely it's a banal pyramid. If you went into it, you can never leave.
- Watch coins on CoinMarketCap, it is desirable that their daily volume was more than 1 million, the total capitalization above 60 million and they traded on leading exchanges such as Bittrex, Binance. As a rule, such coins than are backed up and the chance that this scam-project is not great.


I want to add to everything that I'm saying above: the market of crypto-currencies is still young, the total capitalization is negligible, 2% of the entire population is aware of mining and blockchain, so there is still time for investments and making money.

Good luck and profit to all and thanks for your +Merit.

Link to my original post in Russian https://bitcointalk.org/index.php?topic=2846459.msg29198113#msg29198113


Reversing or correcting all the mistakes mention here by OP doesn’t guaranty us to become successful trader but most likely to increase our chance of victory.

But if this will be applied all in long term hold it is most certain that success is within our reach. I still prefer holding the coins for long term. I am not fan of trading, I think trading is zero sum game where in the end; your profit is not substantial compare to gains from long term.
89  Economy / Trading Discussion / Re: How do you manage ur emotions? on: February 24, 2018, 05:08:15 AM
Greetings!

While trading sometimes I drop back from my original plan. Such emotional decisions often bring loss cuz I tend to change orders on panic or when I mistakenly expect more potential income. How do you deal with that if you feel the same way?


During trading I tend not to read opinions from social media, friends, and post from BCT. Sometimes the more I read comments and newspaper the more I become emotional on my judgement.

I think the best ways to control emotion on trading is acquiring knowledge from the coins you have currently possessed. Being confident with your investment will help you a lot not to clutter your decisions.
90  Economy / Trading Discussion / Re: Crypto trading success rate? on: February 23, 2018, 09:29:33 AM
if you have the required skills for day trading it can be a lot more fun and in long term can bring a lot more ROI than holding in my opinion, I personally divide my portfolio into day trading and hodl.

Well I think having two accounts will give you more advantage instead of trading accounts only. In crypto hodling the coins for long term gives more gains compare to trading this is based on historical performance of Bitcoin.
91  Alternate cryptocurrencies / Altcoin Discussion / Re: 💰💰 Mark Zuckerberg says Facebook will look into cryptocurrency on: February 23, 2018, 02:35:32 AM
🌐 Mark Zuckerberg - The CEO of the largest social network, Facebook, has recently posted on her personal account that he was officially considering to integrate cryptocurrency to his platform.

Facebook can generate its own cryptocurrency easily and integrate it with the current social network platform, just similarly to Steemit. However, the company can either cooperate with some available coins depending on the business goals. With this option, they can skip costly and time-consuming stages.

✔️ No matter what approach it is, Facebook does not only aim at the decentralized platform and Blockchain technology but the also views them as the milestones of development research in 2018. This is the strong evident for a bright future of digital currency.

#VCX
#VCXLending

This is another good development for cryptocurrency. If this will materialize Mark will certainly have big impact to the market cap of crypto in general. This will solidify that crypt’s are the future currency which we all are looking forward.

Mark is an open-minded person and I’m not surprise that he has this kind of intentions. More over I’m excited and just hope that it will lift the market after this announcement.
92  Economy / Trading Discussion / Re: Trading by follow signals. Is it good? on: February 22, 2018, 12:52:24 PM
Hi everyone, I'm just start trading and I don't have too much experience in chart or technical analyse. So I joined some signal groups with monthly fee. Is it good, in your opnion?
I hear about Alanmaster and his VIP signal, anyone hear about him or join his VIP member. Since I want to try so it's good if I have some feedback about it.
Thanks  Grin

There are signal groups that are really reliable. But some are asking for a charge to be able to join with them. For some there are advantages having with this group because you are paying for their research. The problem with it is sometime your gains in the trading are being eaten by the fees you are paying. You need to weight the pro’s and con’s with signal group.
93  Economy / Trading Discussion / Re: How to know before the Dump? on: February 22, 2018, 06:38:41 AM
I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.


Yes there are technical tools you can use to predict the crypto movement. These are MACD, RSI and Fibonacci Retracement. The most common and effective of the three are Fibonacci Retracement.

You can search on youtube for online instruction on how to do or use the tools. These are very powerful tool use by traders if you can master this I can guarantee your success.

https://www.youtube.com/watch?v=aZvViAOeQ94
94  Other / Politics & Society / Re: How to develop a strong character? on: February 20, 2018, 07:10:34 AM
The matter is that at me very soft character, and in conflict situations I seldom can protect the point of view.
How to develop a strong character?

You must know first what’s wrong with you. There are many things that might contribute on your soft character;

1.   Lack of knowledge
2.   Not interested to argue
3.   Have big patience
4.   Peaceful person

These are few things you need to address in order to develop strong character. Start item number one and surely you will gain self-confidence to defend yourself.

95  Economy / Trading Discussion / Re: Newbie should trade or not? Please give me idea. on: February 18, 2018, 07:15:56 AM
Hello every body.I am a Newbie. I joined Crytopia about two months ago. I hold CMT and TRX in the Binance and now i want to trade with some coin about: ADA,ETC,... Please help me give some idea i should trade or not? Thank lots of for all.  Tongue Tongue Tongue


What I can suggest you is if you really want to become trader you need to equip first yourself with ample information about trading. Learn the dynamics and tools in trading this will keep you ahead from possible worst scenario.

Since you have altcoins you need to know your threshold in selling. If you reach the threshold and it is above from your target then it is up to if your ready to take the trade.
96  Economy / Trading Discussion / Re: Crypto trading success rate? on: February 17, 2018, 01:43:16 PM
Nice article. It proves to me that I've always been right about day trading and its uselessness.

The men vs. women thing was surprising, but if you read the article the sample volume for women is too small (4 women out of 10), so that's where the 40% thing comes from.

Finally someone here's get the point of my post. I was trying to emphasize that it is more reasonable to hold for long term in cryptocurrency given the fact that trading is not for everybody but it is certain that thru long term investing it is everybody's game. To become more stable market the crypto need larger composition of investor instead of trader's.
97  Economy / Trading Discussion / Re: Crypto trading success rate? on: February 17, 2018, 01:50:44 AM
Based on a study the success rate of trading are the following:

Day Trading Success Rate                      = 5%

Day Trading Success Rate with a Mentor = 10%

Day Trading Success Rate: Men Vs. Women = 40% success rate for Women
                                                                   3.4% success rate for Men

Having this statistic why's is there many people still got hook up with trading? Is it the thrill of uncertainty excite us?



Disclaimer: The study conducted based on the traders in stock market here's the link - https://vantagepointtrading.com/whats-the-day-trading-success-rate-the-thorough-answer/

I don't think that article represents the crytpo day trading. Shocked

Yeah I agree that the day trading is not an easy job and most of the traders will fail in day trading.But I am wonders how women's success rate is more than the men. Huh

Lots of people are making income only with trading so I think this statistics maybe wrong. Tongue

Sorry dude your so naive to say that a lot of people earn in day trading. This statistic is came from stock market where volatility is less than the volatility in cryptocurrencies. I can't find study regarding the statistic of trader success in cryotocurrencies that's why this is only I share article.

The point of this post is to say that it is better to become holder of the coins for the long term rather become day trader. There are many people earning profit for the long term hold rather than day trading.
98  Economy / Trading Discussion / Crypto trading success rate? on: February 16, 2018, 11:49:18 AM
Based on a study the success rate of trading are the following:

Day Trading Success Rate                      = 5%

Day Trading Success Rate with a Mentor = 10%

Day Trading Success Rate: Men Vs. Women = 40% success rate for Women
                                                                   3.4% success rate for Men

Having this statistic why's is there many people still got hook up with trading? Is it the thrill of uncertainty excite us?



Disclaimer: The study conducted based on the traders in stock market here's the link - https://vantagepointtrading.com/whats-the-day-trading-success-rate-the-thorough-answer/
99  Economy / Trading Discussion / Re: Advice for those who are in a minus and a loss. DON'T SELL! on: February 16, 2018, 02:47:26 AM
If you are in the minuses, you have your own, and not borrowed money, you do not have a shoulder and you believe in the future of the crypts - just cross this fall. You lost the time, but did not lose the game. Forget the time for the market. Loss you will appear exactly when you fix it. Now you are just an investor. For you it's a good time to step aside and think with a sober glance at where you made the flaws. The market is cyclical. Believe my experience. After the falls there is only one way - growth. It can be long or fast, painful or enchanting. But in any case, to the right. If you believe in what you have invested in, wait and do not be nervous.

What are you telling is true if your first plan is really for investment. But if you're trader first on hand and you lost 50% of your portfolio I think there's something wrong with your trading plan exit strategy. 15% lose in the portfolio is so much to bear as a trader.

 I think the cut lose should be set at 10% minimum and 15% maximum to maintain overall standing for the year. But of course this strategy vary depending on risk appetite of the trader or investors. Besides no perfect trading plan out there in the market what We only have is our personal experience.
100  Economy / Trading Discussion / Re: the most profitable coin if invested? on: February 15, 2018, 11:05:28 AM
I am eager to invest for now. But, I am still confused which coin should I choose. so much of his coins are good to invest.
I just want to get the best coin among the good ones to invest ..
please me, give me feedback.  Huh

As of the moment BTC is back on track. You can invest right now with high probability that it will be profitable because it came from the down for the past 8 weeks. For altcoins I would suggest WAVES, Litecoins, and Ethereum. If I have money to buy again, this will be the composition of my portfolio.
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