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Well to be honest the most difficult trading is the crypto, the reason is because the market is decentralised and able to be manipulated by the whales, forex itself is not that easy to be predicted and moved with a high speed, but still its easier to predict forex rather than crypto, for short term both if them could be profitable depending on your skill
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Nobody could answer that for sure, the situation now has cooling down maybe the dip has passed, but this is a decentralised world, every thing move in high speed and the market can shift really quick, but for me the price already stabilise so I consider the dip already passed
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Well its not the coin fault but you just bought it at the wrong time, xrp is quite promising coin to make profit, the fluctuations is not that high but once it got its momentum it could have a wild swing, don't rush in selling xrp, aim a bit longer then you can make a good profit
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What the people said got a good point, but we don't like it to be centralised, however I agree with the part of regulation when it comes to create a new project, it could press down the shit and scam project, an independent regulatory body may seem ideal but I am sure the regulation idea will be rejected by bunch of people
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Day trading is a very short term trading, the risk is high because most of the indicator can't predict the high volatility market situation, and in day trading you can't win every time, you need to have a good analysis and experience to profit in day trading, day trade got a high risk but also can get a big profit, if you just start trading and you got no experience or time to pay attention then day trading is not for you
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50k is a huge number, the price won't be rise just simply because the China shutdown the miners, there has to be a big trigger in the transaction volume to increase until that number, the one that could make the price become that high is more adoption, I think miners only play small part in the rising
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Ohh it's a good story and takes a lot of guts to buy and hold unappreciated coin at that time, this could be an inspiring story for others that want to become rich with crypto, the good investors invest based on the potential not on the price, so its good to see that OP made a right move
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I'm able to see a big potential for ripple and yes it can also get its all time high price or more. More investors loves it and investing to it because of its fast transaction and other features.
I think xrp is a good coin but not too many investors fond of it, the reason is because its a centralised coin so no matter how fast and great the coin, the price maybe will be difficult to reach that high, xrp is a good long term coin but its not the number one choice when it comes to investing |
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Yeah stop loss is a very important tools to help you prevent more losses, and most of the beginners didn't know how bad the market could change and usually regret it after they witnessed their money go away, I learn to used stop loss in a hard way, I lost almost all of my portfolio in 2018 because I didn't pay attention to the market and didn't put any stop loss
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and who's Vitalik to talk about Binance centralization? Actually, BSV and Craig Wright are hated by virtually everyone in the space not because of just the centralization but also the threats and uneccesary panic he's caused in the space. CZ on the other hand hasn't threatened anyone but is focused on his business and so why do you even compare them lol? CZ is a businessman lol and he hasn't forced anyone to use Binance and its conglomerates. People like it because he's the best or one of the best, and those are the facts!
I have to agree with this, Binance work hard to be recognized as the best exchanges, and people are willing to trade in that site, so I don't think monopoly and threat are the correct word for Binance, for now people are choosing the best platform to used and Binance is the best for now |
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Honestly the altcoin market is just full of these false promises of big thing and big changes just to get people to invest in them, and all in all they are just a big scam trying to make profit from people who are blinded by greed and does not have a real experience in this market, back in 2017 when this trend of small coins that you can make a lot of profit from them blinded a lot of people which lead to the market being flooded with coins that are scams, and by now people should know better than to follow some false promises.
Alt coin is a dangerous market and the developers could used any tricks to make their coins to rise, and its the investors job to do thorough research to see the news are true or not, some people make investment because of greed, sometimes they know it's not a goiod investment but because being promised by tons of reward and bonus they still invest |
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there are at least five million crypto users who actively create charts of crypto trade, investment and mining. the aim of the central bank of India's decision to provide security for public transactions.
the Indian government's decision to make BTC fall. I think this is a bad decision. and it would be better if each country to control the circulation of each crypto transaction with regulation.
I agree that its a bad decision, even proposing the banning already a big mistake I don't understand why the government need to take so harsh decision, bitcoin is not totally used for criminal things, I believe there are some people making a living using bitcoin in that country, if btc really being adopted in a lot of countries then India will be left behind, it's such a shame that the government got a negative perspectives on bitcoin |
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the trick for timing the market is always to figure out the market trend itself. and then as soon as you figure that out, you have to go with that trend instead of against it. for example in 2018 the dominating trend was downwards and going against it would have meant a lot of losses. and now in 2019 the dominating trend is upwards and going against that will similarly be devastating.
of course that is the big longer term trend not the short term fluctuations which have their own micro trends. but I focus on the bigger picture because it is easier to grasp.
doing some TA is always good but you should never rely on it because it is unreliable as it is and it gets less reliable when you enter a small market like bitcoin.
I agree with the follow the trend but its not that easy to see the trend, some of them could be manipulative and sometimes the trend can quickly shifting, I think TA itself will help a lot to give you good insight of the market trend, you need to combine few indicators and the news to get the timing |
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I agree that gambling supposed to be a fun activity and the way for releasing stress, if you feel depressed and frustrated then it's better to stop gambling, gambling is not a priority or the place for looking profit, and usually the depressing situation could quickly elevated to reckless decision and addiction, if after you play and your image resemble like the picture that OP shared, quit immediately find other activity
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I don't really understand why the government really hates crypto, without being realised crypto really help the citizen to get more income, btc for criminal things is just an excuse, fiat, gold also ever being used for criminal, I think the punishment is too harsh, look at how other countries handle crypto problem, crypto is not a criminal things, I dont think it need a harsh punishment, let's wait RBI to see what will be the decision
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I doubt about the price could reach that high in just a year, even if the bitcoin does replacing paper currency it will still difficult for bitcoin for reach that number, let just make sure bitcoin grow well and stable, if its not dropping below 6k then it's already a good improvement, if it can reach another ATH then it's already a good achievement, one million is still a very big number, it wont be possible in a short time
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I won't said its a mass adoption, it will create more coins for investors to diversify, it could make the btc and other coins transaction volume to decrease, the good thing is the crypto publicity will increase, but I don't like the idea of big companies create their own coin, it could lead to weaken other coins
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The sign is very positive, but we can't predict what will happen, all the big companies already set their eyes for crypto, if crypto can be proven giving advantages for people then I think the government will take the right move for adopt crypto, the government will need to improve if most of the countries already accept crypto, maybe 10 years is not enough time for crypto being accepted in all countries, but I think most of the countries will be adopting it
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I don't think tou should play in the casino that offered 0% house edge, the casino need something to make profit and usually they make profit from house edge, if they cant make profit from house edge then they could find dirty way to make profit, which is cheating the system, as you can see all the reputable site got a house edge
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Well many people already make a tons of profit using bitcoin, there are so many stories where people got a better life because of bitcoin, bitcoin is not only for currency, it also create a new payment system, it gives a freedom to used, if you can see the potential then you will realise that the investors are making the smart move
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