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Any investment not even in cryptocurrency is a risky process. But if you look at altcoin investment, if you know the project and follow it for a long time, then you at least reduce the investment risks by investing in this project. Rather than investing money in any other project without looking and thoughtlessly.
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There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?
Trading does not have to be “exclusively financially comfortable and wealthy.” Many traders started with small amounts and, over time, developed into successful ones. It's important to learn, improve your skills, and take a smart approach to risk. Demonstrating patience and gradually increasing your investment can be the key to long-term trading success. |
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I am just wondering, what will happen if Bitcoin shutdown? Will the market crash? How about the effect of this to altcoins? Can government shutdown Bitcoin? I have a lot of question about this matter, because who knows, right? Also, how about hackers shutdown Bitcoin? What are your thought here? Let's discuss this.
I think everything will collapse. After all, if there is no Bitcoin, there will be no faith in cryptocurrency at all. Immediately everyone will stop investing and developing this industry. Therefore, it will be a disaster. And the loss of trust in cryptocurrency is the main indicator of the development of any direction |
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Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
Confidence comes only with knowledge of the matter; if you hone your skills and abilities more and more and constantly learn, confidence comes on its own. In cryptocurrency trading there is no other way, either you are an expert, well-read and experienced, or an insecure user who constantly gives your profit to others. |
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Scalping, trading on short-term time frames, can be a profitable but also risky strategy. People who successfully scalp usually have a high level of experience, strategic thinking and quick reactions. However, trading on longer time frames requires patience and analytical skills. In general, here and now - this is scalping; basically, of course, everyone uses this strategy on futures.
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Satoshi is Faceless
Cryptocurrency as a digital currency designed to be decentralized and work through a computer network has radicalized global economy and exchanges. It is visible to the blind and audible to the deaf that cryptocurrency has come to stay and BTC leads the crypto market.
As known Bitcoin is the world first cryptocurrency and was invented in 2008 by an Unkown person or group called Satoshi Nakamoto. This invention defiled many theoretical models and the traditional system now labels it as investment not to be use for transaction with merchants. More than $16 billion BTC has been traded since inception and it is estimated that over 144 million people owns Bitcoin globally.
It is of interest to know why the founder kept his identity unknown and remain faceless in a face of a culture changing invention.
Is He/She or are They afraid or Ashamed?
In recent times, Ripple CEO has spent over $150 million on law suit of violation to sales of XRP, Fine of $4.3 Billion has been labeled on binance and violation charges for CZ to pay $50 million and step down, FTX founder Sam faces 100 years imprisonment, Bittrex to pay $24 million to US regulatories etc. Who knows the next swing? But I am sure many more to come.
Allow me to argue here, it is humanly impossible to meet all regulations set by the Regulatory Agency and still remain in business. The Law in itself was written to fine and find a firm or establishment guilty and it also depends on whosoever that interprets or administer this law that you may be found or not be found guilty. Those who knows the Law uses it for their advantage no emotion attached.
Although Bitcoin in itself is unique, it was BTC founder Satoshi Nakamoto that led to the birthing of these great companies in the crypto space. If BTC is the lead of crypto I can clearly establish that following the happenstance Satoshi would have had a lot of cases to handle with SEC, FRB, FDIC etc. Several investigative file from FBI, CIA, IRS, INTERPOL etc. would have been opened. Also note, that Bitcion is criticize as used for Fraudulent and Criminal activities.
Another perspective, consistence attack on the personality of Satoshi would create divided attention and reduce Bitcoin as considerable option. As it is Written;
Strike the Shepherd and the sheep of the flock will scatter (Mathew 26:31)
So why is Satoshi Faceless? I leave it to conscious imagination of the did of men
Bitcoin's founder likely wanted to keep the community focused on the technology itself and the idea of decentralization, while avoiding personal attention. Satoshi Nakamoto left behind a mystery that contributes to the mythology around Bitcoin and maintains interest in it. In the cryptosphere, anonymity is often perceived as an element of freedom and a principled approach to protecting personal data. Despite possible regulatory challenges, cryptocurrencies and blockchain technologies continue to attract attention and develop in the context of the modern financial ecosystem. |
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Recently I've seen alot of threads where people just jump into writing an incredible episode without putting their readers into consideration.
I'm not a fan of reading very long articles and most times I think some posts ought to be simplified and summarized to get ease of attention and from my observation, it seems most users confuse quantity with quality and think, writing very long post simply means the post has quality which is wrong.
I've seen very short and straight to the point post doing extremely very well on the forum and people ought to them learn from them.
I agree, many people prefer brevity and clarity in their messages. Some people believe that long texts are not always necessary to convey information. It is important to find a balance between length of text and content in order to attract the attention of readers. There are very few topics that can be read with satisfaction. |
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Understanding market structure is important for successful cryptocurrency trading. Experience does not always guarantee the ability to spot consolidation on a price chart, which can be risky. Avoiding trades during consolidation reduces the likelihood of losses. It is especially important to pay attention to consolidation on higher time frames in order to make informed trading decisions.
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Bitcoin hoarding and trading differ in their approach to owning and using coins. Hodling is the holding of bitcoins in a wallet on a long-term basis without frequent transactions. Trading involves frequent buying and selling transactions based on short-term price changes. Hodling provides benefits in terms of ease of use, low transaction costs, long-term benefits and security. The choice between hodling and trading depends on the investor's preferences and strategy. Everything is purely individual, I think whoever has positive experience in a particular strategy stays there.
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It seems that this program is on everyone’s lips, but there is absolutely no hype around this coin, I think without media support this coin will continue to flutter somewhere behind the rating and nothing supernatural will happen regarding its price tag.
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Of course, what comes to everyone’s mind is to measure their success in cryptocurrency - this is their well-being now and before entering this world. But I think it could be measured in this way, for example, buying a car or an apartment solely with profit from cryptocurrency trading, without investing fiat money.
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You are right that keeping your wallet and password secure is extremely important. Losing your password can lead to loss of access to valuable assets, and this applies not only to Bitcoin, but also to other cryptocurrencies. Many people have become wealthy in recent years due to the rise in value of Bitcoin and other coins, and it is important to take care of your own keys and passwords to ensure the safety of your investments. It is important to always have a Plan B for any loss of password or keys.
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Without a doubt, it can ruin a person, especially if the person is very gambling and has at least once felt the taste of x10 or x100, the main thing is to keep yourself in control and not trade on emotions, this does not lead to anything good and you are right in saying it, it can lead to the consequences of ruin and It may already be too late.
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Are you collecting low cap altcoins for the bull market? It sounds like you think low cap altcoins can easily make 100x profits. I don't think so and even if the supply of a good quality project is high then you will get good profit there. Many new investors tend to follow supply more. You should know that there are many low cap altcoins that can't even sail the market in bull seas.
Selecting small-cap altcoins for a bull market is a difficult task, and high cap does not always guarantee success. It is important to conduct thorough research, evaluate the fundamental indicators of the project, its team and growth prospects. Some small-cap altcoins can perform impressively, but there is also a risk of losing your investment due to volatility and lack of liquidity. And yet, I would not consider projects that have low capitalization, because this means that very few people believe in this project. |
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The choice between cryptocurrency and Forex depends on individual preferences and investment goals. The benefits of cryptocurrencies include decentralization, high volatility, and accessibility to a wide audience. Forex provides greater liquidity, variety of currency pairs and stability, but is subject to the influence of macroeconomic events.
Cryptocurrencies may be more accessible to new investors, while Forex typically attracts more experienced traders. In fact, this is already a hackneyed topic for discussion; I see this kind of topic very often. The one who has the first positive experience in trading on crypto or forex always chooses, if it doesn’t work out on crypto, they go to forex and vice versa.
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Dlyou pay for signals? And how much ?
What's your monthly expenses for trading signals? Yearly?
I don't pay but i read alot people pay for signals so how good results If this ?
This is all nonsense, these are my personal beliefs. Some users create groups supposedly helping beginners in trading and giving their signals to make a profit. But almost always there are just charlotans sitting there who want to profit from naive people who trusted them. Only those who have developed their own trading strategy and then studied trading for a long time and with great effort will have a real profit. |
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I think that by trading on my own I am just overtrading...I am looking for options to get trading ideas/trading signals etc to analyze those ideas and select only the best ones.
What options does one have to view trading ideas/signals from other professional traders?
Gaining trading ideas from other traders can be done through social trading platforms such as eToro and ZuluTrade, where you can copy the trades of successful participants. Also, in the Forex market and in the cryptosphere, there are many services providing trading signals. Financial news portals can also provide analytical reviews and recommendations from experts. But it is still necessary to develop your own trading strategy, without this there is no way, constantly copying someone is not always a good idea. |
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Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it, I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.
Though am a better trader now, but I still thred with caution, the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.
So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.
There is no place for beginners in futures at all; a new user should never enter futures without at least knowing the basics of trading. There you can simply choose the highest leverage and make a mistake for a few seconds, your funds can immediately fly away due to your lack of experience, simply not knowing the trading interface is also a very risky business in futures trading. |
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Cardano is a promising cryptocurrency with a focus on security and stability. Their approach to development, scientific rationale and broad plans make them an interesting project. However, unfortunately, there is no hype associated with this project, at least it’s not heard, and this coin really lacks some kind of event to rehabilitate it in the world of cryptocurrencies.
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Well, from the point of view that it’s safer to keep money in a bank than under your pillow, but again it depends on what country you live in and what kind of banking system you have, whether there is insurance against the problems of banks “bursting” and so on. This topic is too trivial to answer 100%. But holding assets in cryptocurrency is quite risky, so there are risks everywhere, the main thing is to diversify your assets.
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