USDT look stable price and less risk if you invest your money with USD but for bitcoin you can get much profit and big risk when bitcoin have down, many time after I make trading and got profit I convert my trading profit become USD because most safety for saving for long time and price keep stable by saving with USD.
People mostly love to trade with bitcoin because using crypto is safe because of anonymity and no one would know about your profit and your earning. Using USD is also not a bad idea but you must have planned because people mostly use USD for daily needs only. So just focus on what you want. Bitcoin trading is good but make a research about the market before spending your Bitcoin. USD is different in USDT, USDT is the digital dollar and you can use it freely to buy cryptocurrencies while USD is just the physical fiat that you used in your daily life. Even though you are going to use bitcoin, you are not anonymous anymore because most of the exchanges online require its customers to submit personal information. |
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There is time for your endurance to be checked in the trading as there are periods when the coin is not increasing but decreasing. But the good thing about that is that you have to commit to your target price and don't cancel what you've already planned, because if you still follow it, the success will be yours, just like what happens to the trader who invests when the crypto started, most of them are millionaires and some of them are billionaires. Keep until your price reaches, and don't be impatient to get a huge win.
Yes, as long as you have a trading plan and you believe in it then you should follow it strictly because that is how are you going to grow as a trader. If you stick to your plan and you encounter mistakes along the way then it simply means that you need to adjust things to become better. Being adaptive and patient are essentials to reach success. |
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Why it's really hard if you want to sell or carry on a long-term basis. So long so uncertainty occurs and the price fluctuates from time to time, you will benefit from it. Don't presume the market will always show green colours because it can not happen. The most important thing about this is just that you know the right time to buy and sell money. The price of Altcoins was tied to the price of Bitcoin and it's almost the same movement.
I think you are suggesting to just become a long term investor rather than a profitable trader. You should prioritize utilizing the fluctuations in every cryptocurrency that you have and to do that is through proper planning. If the price of a cryptocurrency is against to your bias, then that means you are wrong and you should take action about it. Don't be a trader and turned into an investor just because you do not want to make your paper losses, real. |
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Doubling the capital is possible and the same time loses your capital is possible. We have to accept both the challenges, for making money we have to rush, but it is good at trading, even though the skilled person is struggling to double heir capital. Take your time to research from the market and start building your portfolio and it will surely help you to increase your asset.
Yeah to get some profit it’s really important to know that you are going to face some hurdles so be brave and face the risk that’s a major part of trading. As people gain money so they get happy but when they lose some money they can get afraid and sell immediately but it’s totally wrong. Instead of selling early we better hold and show patience only then you will get the opportunity to make a double profit. When you are trading, you should follow your stop loss price and you should not hold it unless you are into long term investing. Trading is about calculations and having a solid plan with proper risk management. You cannot just go with the flow with the market because the market will punish you by giving you more losses and that is how you are going to learn a lesson through the hard way. |
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The holidays for tee new year has got over, and slowly things were getting in order. By now we should experience some forward push in the price. Now what we experience is fall in the market price of bitcoin low to $7000. This makes the moment to be the right time to hold for a bigger price. All the savings will go wasted if it isn't used at the right moment.
There is a possibility for the price to go high but I am looking for the price to go lower than $7000 because that is what the chart says to me. Even though there is a higher possibility for bitcoin to dump, it is still practical to not spend bitcoin on useless things and just try to increase it by investing into other cryptocurrencies or by trading. |
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Before new scam not started They dont stop OLD scam.
Yes we all Know that crypto and Bitcoin is big scam!!
To buy that scam coin u pay high fees to transfer this scam coin u Might wait hours When its confirmed.
Reason this scam is not stopped coz scammers Don't have new scam!
If bitcoin is a big scam, why there are still supporters who buy bitcoin? Watch your words, that is a merely speculation. If you bought bitcoin at a higher rate and you think loosing the value is a scam then stop buying bitcoin. You don't know how bitcoin arrived and created a new industry for the future of people. Don't hate cryptocurrency because you lose your capital. He is just uneducated type of person here in the cryptocurrency market. There is already a lot of people in the bitcoin market and that is the reason why it takes longer time to get confirmation on every transaction and why the fees are higher now. Bitcoin is still a good investment even though for some people it is like scam, because bitcoin has a huge potential in the future because of its blockchain technology. |
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I usually don't use my bitcoin in my case because I think it's a saving, but sometimes I give some bitcoins to a friend as a payment form, but if it's like a restaurant or other establishment then I haven't used it. However, there are only a few establishments in our region that accept bitcoin, which is why we had to trade it for us to purchase goods or services in the accepted currency.
Keep doing that. You should look for the long term opportunity of having bitcoin compare to using it as a currency to pay services or things that you are buying online or offline. Even though there are stores here near to my place that accept bitcoin, I still keep it because I know that it will be worth more in the future. |
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We are slowly going into the cashless society. Some of the big countries like China is now doing their best to make their own cryptocurrency or a digital currency. This type of movement is the proof that there is something with cryptocurrencies and to those people who are skeptical and continuously denying will jump into the bandwagon train anytime soon.
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The society is ready for the cashless economy because we all have the equipment that we need to do cashless transactions. We have a stable internet and we all have the smartphones which it can act as an all around tool for calls, text and also to scan barcodes from the different stores to pay for the stuff or services that we availed.
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I would need all the features like Binance where even if we hold the tokens on the platform then also we will get the benefit of staking rewards. If there is less KYC, that would attract more people but the governments will strongly oppose it. A decentralized exchange is always better than centralized, but as the profit is less, you cant provide good service in decentralized exchange.
I really don't like to provide my personal information on exchanges even thou they require it for you to be able to withdraw huge funds. And i think providing an information in exchange can be at risk and stolen. That's why i prefer exchange that doesn't require KYC and able to withdraw and deposit funds in a small amount and this good for people who has trust issues. But there are only few exchanges that are offering that kind of feature, most of exchanges nowadays are requiring KYC because of the compliance that they need to do in order to accept and continue the operation. A good exchange for me is when it has fast way of communication in terms of a user who want to ask question or help to solve a specific problem. Yes, almost all of the exchanges are requiring a KYC to make sure that there will be no suspicious activities inside their exchange and to help its users to add more security layers to their account. Reliable exchanges are the best one because we know that there will be no problem in the future because of their strong cooperation with its users. |
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With this mentality, I strongly suggest that you don't leap into the crypto realm, you'll end up in total failure. Next, to know crypto-trading, you have to spend time in the crypto-world and it may take months. I don't think you're going to double your investment in two months with the current declining market, but if you buy now and hold longterm for a few years, you're going to get a good return, but in the long run.
With the help of margin trading, you can easily make profits whether the market is moving up or down. You can bet on the price movements using leverage trading and that is what you needed to learn if you want to multiply your capital in just a few months. It is much riskier than other type of trading but it is one of the easiest way to make money if you know how to play it well. |
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Trusting bump and dump groups is not the best way to make profits from trading,you might lose your total profits even the capital in a single trade because you are going to invest on a shittiest coins which has less trading volume.Better try to make more trades with less margin and make total profits into more.
Never use bump and dump group, it's good to read sometimes but not to the point that we will just follow it without researching and reading especially if the alt involve is not too popular and not been so active for long. We must decide on our own in instances that are money and investment is at risk. Pump and dump are just good for a few days but there is always a high possibility that you will lose a lot of money at the end of the day. If you want to make a lot of profit in trading or exchanging bitcoin to altcoin, master the art of technical analysis and it will unlock a lot of opportunities for you and you can easily identify a coin if it is worthy or a shitcoin. |
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First of all, that is great that you have 2 bitcoins as a capital for trading because not all of the people here in the cryptocurrency space can afford 2 bitcoins or even one bitcoin. Second, that is a huge amount of money that you don't want to lose so I would suggest to take your time and keep it aside and focus on learning and accumulation of information about trading so you can really understand how to play the market with your 2 bitcoins.
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Because of my busy schedule, I do either Mid term or long term trade. Short term is impossible these days with the market fluctuating like this. Mid term is less than a month or 2. Long term is more than 3 months. Frankly speaking, most of the long term trading coins are in loss from a year now.
With the market fluctuations like you said, it is better to trade short term to mid term only so you can easily jump in and out in the market when something goes wrong. Long term trading are like investing which is not an appropriate and most efficient way to make money out of the market. Just stick to short to mid and put a tight stop loss. |
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Yes i use cryptocurrency with my daily life but still i don't believe everyone cryptocurrency like if their no have strong developing marketing. Almost i spend my crypto in trading daily process with something holding like which best choice in my mind.
I think the topic here is about in general. You are just using your cryptocurrencies for trading processes like buying and selling and whatnot. Using cryptocurrency in daily life means you are using it to pay things like groceries, coffees, purchases in stores like clothing etc. If we will stick to that basis, cryptocurrency is not useful because they still cost more in overall time and expenses because of confirmations in blockchain. |
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For me one of the biggest mistakes people make when they're on the cryptocurrencies market is trading without a strategy, many people are trying to become traders without any experience. The success rate, as you may expect, is very small, not only because they have almost no knowledge of how to trade, but because they have no strategy. they let their emotions take control of them and that is the fastest way to become poor in cryptocurrencies.
without strategy means without goals!! I have seen many people fall into poverty due to lack of strategy, experience and are very greedy. in trading cryptocurrencies, self-control is very important. want to get rich quick (greedy) and impatient when trading will only make you lose all your money. Agree. Learn the basics first, establish yourself by building strong foundations like proper education, risk management and a proper planning. A success will probably take a lot of years just to build an overnight success. No one here is instant because if it is instant then it is probably a scam. Learn to be patient and be a learning machine. |
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As of now, it seems that the cryptocurrency threatens the government but in fact, the government threatens the cryptocurrencies around. Even there are tons of projects and ideas related to cryptocurrencies, as long as the government doesn't give permission to them then it will be a waste of time for the team of cryptocurrencies. Cryptocurrencies still fall under the government.
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What will happen if crypto vanishes overnight or due to some or the other reason if crypto becomes inaccessible to public? I know this does not make sense as crypto will not vanish but still what if it happens? What about those huge chunk of investments made by whales and other investors?
The first problem is finding reasons why Cryptocurrency and the internet will be gone because if we don't have the internet we don't have transactions on Cryptocurrency, the internet is what makes transactions possible, so the question is all about the existence of the internet, and if that happens, I think there will be chaos among investors, as all their investment will be gone. It is impossible to lose internet now even within just a few seconds of shutdown because it will affect the world massively. A lot of profits will be missed and a lot of countries will be in such a deep loss as they can't do their traditional tasks and transaction. Cryptocurrencies can still vanish even the internet won't shutdown because there can be a lot of factors and one of them is the government. |
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for me both are good, because if we get fiat, then we can easily spend it immediately, but if we get crypto then we can exchange it for fiat and easily spend it. but for now it's easier to shop if you have fiat
But you are only thinking on the short term implications of using fiat or cryptocurrencies, a coin like bitcoin has grown almost exponentially since it was created while the value of the fiat in your pocket does nothing but to go down, so when you see things from a long term perspective it is easy to see who is the best. Besides the fact that cryptocurrencies cannot be easily be spent plays to our advantage since that means that you have to hold your coins since you cannot easily spend them and this means you have a better chance to capture positive movements in the market and make money thanks to it. That is the main reason why fiat is still the king in the monetary system because bitcoin and other cryptocurrencies are not widely accepted so it is a hindrance for people to choose cryptocurrencies over fiat. In my honest opinion, there is nothing wrong to choose fiat over cryptocurrencies because you can still do a lot of things with fiat like use it as a capital on different investments. |
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I am not much a fan of long term trading in crypto. See, if you're going for profit in cryptos with least risk possible swing trades are the best option where you trade till one short term wave ends. In long term, your investment will go through many manipulation and uncertainty which isn't really healthy in case of cryptos. Also, earning greater percentage isn't that tough in case of crypto, so I don't really see a use of long term trade in crypros.
I prefer swing and day trades over long term.
Long term trades are good for people who prefers less risk and almost like an investing type of strategy. Long term can pay out well just look at the price histories of bitcoin and ethereum, they are dirt cheap a few years ago and then now, they cost a lot of money. That is long term and the lesson here is, find the cryptocurrencies that have a good potential despite the manipulation and etc. in the market. |
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