For me, i think there are no advantages or disadvantages in choosing to trade forex or crypto over the other, it's all a matter of choice and preferences, like myself, i started trading forex before i discovered crypto, and after a while in crypto, i started trading and left forex, not because forex is bad in any way, but simply because i came to like and prefer trading crypto over forex.
There are people who like trading forex and no matter what, they will never leave forex to trade crypto, and there are those as well who will not leave crypto to trade forex, it's all about personal choice, but for me, i just prefer trading crypto, most especially, spot trading because, i have the option of holding a coin i bought for a longer time incase its price did not go as i expected, at least, until the price moves up for me to sell in profit, this is completely different from forex where a loss is a loss, most especially, if you are using a very high leverage, like it is in futures market in crypto.
Yes, it is a matter of choice but we can't erase the fact that there is still a disadvantage whatever we choose between the two. For crypto, it was volatility for some but for others, there is more than it, as they don't consider volatility as a disadvantage, rather they consider it as an advantage because this is where they can buy low and sell high. Now about forex, I think it's lack of volatility for some, but others like it because they think it is less risky while at the same time they can earn a profit stable in manner. Before crypto came, there is already a forex and I'm also aware with it but I haven't tried it. I only tried crypto and I'm happy and contented with it already. There is no need for me to try forex. |
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When I started trading, there were over 20000 cryptocurrencies. How can I know the price of all of them. Even I did not remember what the price bitcoin was at the time.
If you mean the amount of money that I used to start crypto trading? I did not remember
Or to know if I am gaining or losing? I lost money than gain.
Lol yeah, crypto isn't a single currency but in his second sentence, he mentioned BTC there, so this must be the crypto that he wants to know the most. You started when the number of crypto is already 20k plus. That number is kind a huge already so maybe you started not long ago? There is still a way to know the price of each crypto, and that is by opening Coinmarketcap or Coingecko. There are cryptos who are listed in different coin listing sites, especially if they are still starting. For us to be sure, just check their website, social media channels, or groups. No, the OP doesn't want to know if how much money we used when we first trade a BTC but if we want to know it, there must be a record on the wallet and the exchanges that we use. It's normal that we can lose at first but later on, we can recover it if we have improved. |
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People do not realize what marketcap means, they are having that trouble. Investing into something just because the price is small could be one of the worst type of ideas. I have seen this recently, during last bull run, I have seen people who saw shiba token was low in price, and they were keep saying things like "if only the price reaches 10 cents, we are rich", but the reality was that it wouldn't, well it couldn't, that would make it bigger than entire crypto marketcap total.
Not realizing what that means and investing accordingly is a big mistake and should not be what people are doing, we need to arrange something that would make it a lot more harder for people to make it work on the long run, so invest carefully.
If they don't know what it means, then they will likely disregard it. Those who are having a trouble with it will do a research to make them understand it more. Low price coins are usually called as low-cap coins. They are said to pump quicker and higher. No wonder why many people (mostly newbies) are interested on them. It is still very risky though, which is why you can say it's a worse idea for one to invest. Some times people are just day-dreaming. I think there is nothing wrong with that. I'm sure you also tried it? There is still a chance that they can snap back into reality. In crypto, some things are possible. No one thought BTC will reach this far and high. Another example is the growth of Dogecoin. This is one of the reason why some people are too optimistic about the coins that they HODL. |
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Depends on the period, staking during the bear season awaiting the bull period can be very profitable especially if the project in question has yet to be listed in any exchange. On the other hand, locking your coins up pre- bull run is a big mistake, you will literally watch the rise and fall of your portfolio and not being able to sell if the staking period has not ended and you are not able to unstake. I think this among other reason are while most people prefer to hold their coins in their personal wallet to be able to sell when the market is at its peak.
That is what I actually did, for the last 2 years I have been staking during the bear period, and I have doubled my coin amount in many tokens as well, hoping that if the price goes up, that would also make it even more profitable as well. Imagine getting 100 dollars worth of tokens at 1 dollar per token, you have 100 tokens, then the number of tokens doubles for staking, make it 200 tokens, but the price drops of course, then when the price goes over 1 dollar, make it 2 dollars, that is 400 dollars that you have, you invested just 100 dollars, and the price only doubled but you quadrupled your money because of staking. That is why I like doing this, it is a good idea and should be supported during the bear period for sure. |
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Alts are always risky. However there are two kinds of alts lately. There are those absolute shitcoins and there are good alts which has a long history. ETH, Doge, XMR, LTC are good alts for example. These have less risk than the other shitcoins. When you think about it any investment has some risks. The more risky it is, the more potential profits (and losses) it has. If you are a risk taker go on, buy some alts. In 2017 or 2018 there was a guy that turned his $10k alt portoflio into a million USD during that bullrun but since then there weren't any big alt bull runs happened. Maybe you will get lucky like him and become the next millionaire.
Yes true, people who think that they could x100 by investing into something shitty, and getting out before everyone else will end up hurting. That logic in itself is crooked, if you KNOW that it's a terrible token, and you just want to get in and make a profit and get out before everyone else, that is a wrong move. There are people who invest into literally scams that they are aware that it's a scam. Because they know that scams will look good before it turns out to be a scam, so they invest into scam projects who will rug pull, with the aims that they will get out before it turns out to be a scam, or before it rug pulls people. These type of moves will never be good moves, people need to be careful about what they are doing and should be careful about what they are doing. I know that it may sound or look like a good quick profit that can get you richer, and maybe some people can achieve it, but usually this is a way that people will lose their money. |
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New Zealand is still struggling to perform under Indian conditions. They are still overdependent on their pacers (especially Trent Boult) as their spinners (apart from Mitchell Santner) are not taking wickets. Surprisingly they are doing quite well in the batting department despite the absence of Kane Williamson. Rachin Ravindra have been the find of the tournament for them and he is being ably supported by Daryl Mitchell and Devon Conway. But till, this won't be able to get past the Indians, who are simply looking invincible as of now.
Trent boult? He's been average so far, yes he got two 3s but other than 1-2s and in two games 0. In spin department, they only have Santner as main line spinners, others are all rounders, he's been most consistent bowler in their team, his spells only didn't work in their match against Pakistan. They only do well in battling dept when Ravindra or Mitchell make centuries at least  Conway made century in first game, other than nothing much for him. If you are able to check their history then please go ahead because we have performances like this from them in every event just because of this they have never been able to win any big event while mostly they are not consistent even they have quality and ability currently their few players are not able to perform as they required but still they are jumped into last four which is really impressive with now they are 6th or 7th times in semifinal in ODI world cups which is also impressive. Now they are going to play in big match where Indians will try to hit them hard which can create some interesting points for them and game as well hopefully, we will have good match from them for the next and final game even India is hot favorite but still any result can happen but if we have New Zealand in final this could be third time any team will achieve this in ODI world cup history after West Indies and Australia. |
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I must admit most of the times that is the best strategy which unfortunately sometimes can cause also lost games but there is no better strategy than watching the game live and betting on it.However let me make an example from yesterday when Manchester City scored the 4th goal and I had the option to cash out but I didn't as I thought watching the game it will be difficult for Chelsea to equalize with just 3 minutes left to play.In fact Chelsea got the equalizer from a penalty and this shows that even live betting is totally unpredictable.
In each strategy, even if we think it's the best that we can ever imagine, there will always be a loss on it that we can experience and it's normal because this is gambling and all kinds of gambling always involve some luck, even if it's only small and we can't control our luck. Watching the game live and at the same time betting on it, can be called as a strategy for some sports bettors but this can also be called as an experience. This makes sports betting fun and thrilling. If you are a long-time sports bettor, you will know that some outcomes are possible, although I know that many of us can repeat the same mistakes again. It sucks when it happens. |
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The financial system works on the principle of communicating vessels: somewhere there is a loss, and somewhere there is an arrival.
I agree with you, that no matter where in the world one invests I feel that there are both gains and losses only if you wait long in cryptocurrency like 'Bitcoin' no one loses. no matter where one invests, one has to face losses from time to time. In my experience, though in rare cases, it still seems to me that not only as an American but in every country, investing is not the same. But they are mostly unusable. Every country, including America, wants their economy to be in their basket because if a person wants to be completely dependent every country, including the only not America, wants an economy to be in their basket because A person cannot invest fully even if he wants to. What you first said is already correct. You should carry on and never say that no one losses here in BTC because you are going to be corrected for that. A lot of people already lose even if BTC is only the asset/crypto that they have invested. There are still people who HODL their BTC continuously, but we can't predict what is coming up ahead. There is no assurance that they can always be on the safe side but they can also give up by selling their BTC early because they can't take it anymore. Investing is about idling but I won't say they are unusable. Like I said earlier, one can still sell early. No one will restrict you here. It's your money and you can do whatever you want with it. |
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I looked into this years ago and what I found was that there are some bitcoin exchanges which do have insurance however it turns out the insurance is only for the fiat part of the exchange and not the crypto side.
So if there was some insider theft, then perhaps it would apply however it won’t apply to individual accounts if someone gets their password leaked or sim swapped. Those definitely aren’t covered.
What do you mean by fiat part? Does it mean we should convert our cryptos into the fiat currencies listed there first? I think only few will do this unless if you can also get an incentive for doing this because most exchange users are just traders and once they are done trading, they can be able to pull out their money after, only to be safe. If someone wants to hold or invest, they already know that doing it on exchange is a worse way. We already know about that condition of insurances. A personal problem or action is obviously not qualified but that should teach that user to be more careful next time of the actions that they are doing. |
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Or the only way is checking every altcoin manually?
Risk-reward in trading is different from that in sports betting, for example, and also depends very much on what other trades you have running and how high the stake per trade is. I think it is almost impossible to transfer this into software. What does exist, however, are trading signals, which I think fall more into the category you are looking for. But I think it's obvious that these are not really reliable. Even though he didn't mentioned any gambling word there but I still get where you are going. You are only using gambling as an example because indeed that in gambling, we can see a winning percentage for each set of multipliers that we are trying to hit. I never saw one though in the crypto market. I am only aware that some types of trading has a multiplier's involved. Trading signals are I think different from what the OP is looking for but one thing is for sure, and that is they are very risky. So we should better rely on our own than on joining them. For the @OP, I think my only advice would be is to know your capacity and then most importantly is risk only money you can afford to lose. |
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An altcoin promises to give 9% APR for staking reward yearly. Now, you staked your coin to improve the security as they say and then all of a sudden, the coin start pump and this pump happen in just a week to a new all time high but you cannot sell because there is a penalty if you don't reach the agreed date and may even take 14 days to unlock just to prevent market dump. In the process, if you are a whale that unlock, it's going to inform traders that a load of coins will be unlock to the market in 14 days and smart money will sell their coins and exit before that day leaving you with loss from staking and loss of not been able to sell at all time high. What's the profit you get in staking?
The only time I think it's ideal for staking is in bear market. If you buy a coin, you can stake it when nothing good is happening at that time, you can be earning some good passive income but it's better to unlock immediately as bull run approaches so that when the coin hit all time high or have enough profit, you can simply sell your token and exit the market in peace. Staking in bull market is just a strategy team are using to avoid people from selling and reduce coins in circulation.
If it's not good then why it grows up like this? I mean many crypto wallets and platforms (e.g crypto exchanges) are now offering staking service and then many coins are still being created to support that kind of functionality. I guess that simply means they are getting a good demand from the public. The lock-up mechanism is needed not only to prevent the people from selling so that the coin will not dump, but at the same time it can make the network secure or stronger. The best part is we can gain an incentive from doing this. You think it isn't great, maybe because you are only lacking in patience and you didn't choose the right platform and coin for you to do staking. |
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You should be careful about that bro, because as you say price is currently drive by good fundamentals, especially by the ETF pending approval by the SEC. But how the market will react once it will happen? Seasoned traders buy the rumors and sell the news, so we are likely to undergo a dip when the first Bitcoin spot ETF will get accepted even if it's before the halving. So I don't think it's time to buy more BTC currently.
Since the fake news about an ETF being approved the price experimented an important growth, so it is likely this is already priced in however this is only when it comes to the short term, as the approval of an ETF will lead to more of them being approved and this will bring a huge deal of money and new expectations for this market, so someone looking at the short term should probably wait, but someone looking at things from a long term perspective should probably invest now and stop wasting their time. A growth is important but the ones we saw last time are only artificial because it was only a product of a fake news anyway. It's only interesting on how the price can react immediately to it but it won't also be possible if without those people who take it seriously. They easily FOMO which is wrong but maybe they already learned their lesson there, and maybe they will now be more careful next time about their actions. If you think more opportunities are going to be unlocked once ETF for BTC have been approved, then don't say that the growth will only last for the short-term. Why settle for the short-term only when there are lots of goodies to come? Unless if you lack in patience. |
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I think that even when a certain country is regulating crypto, crypto education remains crucial. The truth is, it's not limited to that country; even here in the Philippines, we're dealing with a surge of crypto scams. While what happened is absolutely unacceptable, hopefully, it will teach people to stay vigilant against investment scams in the crypto world. The coin they're talking about here is KRO Coins or Korvio Coin. I checked it on CoinMarketCap and it's not listed there. So, it seems these scams mainly target Indians since it's only recognized as a local cryptocurrency.
It may be hard to believe that criminals are only getting nabbed lately but at least they get nabbed, right? And that is something better than not getting nabbed at all. I think that is because there are no strong regulations back in time, so criminals are free to roam around. Regulation depends on the government but I won't say they mean it to not regulate crypto and help the criminals. It's just that crypto was still kinda a new thing before and many governments still hates it, or skeptical if they will adopt it or not. Crypto is not country-specific since it is a digital currency, so all people who are involved with it are in great threat or exposed to the scams and hacks that can possibly happen at any times. This is why it's important to stay updated and take extra preventive measures. |
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What's your favourite cryptocurrency besides Bitcoin?
Maybe Monero, with its privacy, scalability and fair mining?
Ethereum, with its innovative smart contracts?
Maybe Litecoin, the old and trusted low-fee coin?
Or Bitcoin Cash, which tries to follow Satoshi's vision?
Or, why not, Dogecoin, the funny coin?
Pick your favourite and reply here why you love it!
Cool to see ethereum leading, that is also my choice as well. I mean being on the side of the winner is not a wrong thing when the money is on the line. Yes, the David vs goliath story is a tale as old as time and people love it when a smaller opponent wins, but I am not using my money to make that happen, I think ETH is second for a reason and that's why I picked that one. It makes sense to a point because it allows you to make a lot better return. The others that are not ranked as high has a risk, some of these are not even ranked all that well, and could drop on the next bull run and be replaced by something new. So, it makes more sense to put your money into ETH, and assume that it will keep its second place, and get closer to bitcoin and you will make a bigger return. This is of course just assumption, but to assume second highest rank to stay there is better than assuming 11th ranked would stay there, because that one is a lot more riskier in the end. |
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Stability: Stablecoins are designed to be less volatile than traditional cryptocurrencies like Bitcoin or Ethereum. This stability could provide a more reliable medium of exchange and store of value, especially in economies with rapidly depreciating currencies.
Inflation Control: Stablecoins are typically pegged to a stable asset like a fiat currency or commodity, which could help countries better control inflation and manage their monetary policy especially in African countries.
Financial Inclusion: Stablecoins could increase financial inclusion by providing access to digital financial services for individuals who are unbanked or underbanked.
Reduced Transaction Costs: Digital transactions using stablecoins can potentially be more efficient and cost-effective compared to traditional payment systems, especially for cross-border transactions.
Basically the idea of CDBC or anything regarding governmental stablecoin basically, will not be free of corruption that governments are known for, so it is not going to be all that confusing to see this. I get that it may feel like it is not going to be all that easy to handle, but I think it would make sense to keep it going one way or another. I hope that people could reach to a point where we could reach a greater profit eventually, but that should be free of governmental outreach. If they somehow get their hands on the crypto scene, even if they do not get a hold of bitcoin because it's decentralized, they could have 100+ billion worth stablecoin market and that should be something dangerous for all of us in the end. |
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Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange
You should not look for this, the idea to be able to trade the minimum amount tells me that a person doesn't have enough money to trade anyway. If you are looking for the minimum amount, no matter where you live, that amount you could profit from trading will not be enough. The better outlook for me would be how you could earn more money, so that you can trade bigger and more. I understand that it is not easy to handle it, but it would be at least possible and that's an important thing. I get that it's quite tough to earn money in anywhere, but in the crypto world it's easy to find a job staying at home in front of your pc, no matter what the job is. I get that it is not easy to FIND that job, but at least it would be possible to do it anywhere in the world. So this means that it opens the job application to whole globe, and that means you can be hired by anyone around the world. That's an important aspect of it, and you should be careful about it for sure. |
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Recently I was contacted by a trader friend, who told me that his trading position in futures was hit by Stop Loss. He played in altcoins, because Bitcoin has recently increased in value. My friend dared to take a long position in several altcoins with capital of $150, and after hitting a stop loss the remaining funds were $12.
I told him to stop and close the entire position he had just made. I want my friend to stop for a moment to calm his mind and emotions so as not to add to the existing losses.
And I suggest that if it starts again, it's best to just play Bitcoin and don't play with too many different types or play too many altcoins. I know that sometimes altcoins are able to provide greater profits than bitcoin when bitcoin experiences a 10 percent increase, but altcoins are also able to provide greater losses.
This is a great approach to bitcoin and crypto investments. I mean if you are not sure about what to do, just investing into bitcoin for long term should be good enough .I always have some bitcoin aside, never invest into anything and ignore bitcoin, no matter how much I invest into something else, I always have more invested into bitcoin, that is always number one and if I am going to invest into anything else, first I invest more of that into bitcoin and then invest into another thing. Like let's say if I am going to invest 100 dollars into litecoin, then first I invest 200 dollars into bitcoin and then I invest 100 dollars into litecoin. Keep that going, at all times, never stop investing into bitcoin and always end up investing into bitcoin first. This doesn't mean that you can't invest into anything else, you can always invest into something else, but always keep the bitcoin one going strongly if you want to make sure it is going to do better in the long run. |
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The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made. Commensurable with its age bitcoin price is doing great and only those who are not highly expectant setting their price scale at a great distance of 100k, 150k, 200k will care to appreciate the feat, some even predict as high as $1M in the next bull run and when the price doesn't go even close as expected they complain that the performance of bitcoin has been poor.
Since the anticipation of a new all-time high in bitcoin has been mentioned in this forum and on online platforms, I have exclusively considered bitcoin as an investment that I am confident will provide a decent return. I don't set or expect the price to achieve a specific figure; all I know is that bitcoin will surpass its present all-time high and establish a new value that no one can predict. To decrease the likelihood of disappointment, I remind myself that anything I invested in bitcoin before to the bull run would have yielded some profit, which is fine with me. Setting price standards for bitcoin will only leads to dissatisfaction of bitcoin performance which is not yet old to be expecting wonders from it. Do not expect a specific figure, but it is true that we are going to see higher, and most probably higher than ATH as well. Which means that, if you wait for a while, in the next 2 years, we are going to see above 70k. That is what I can say about bitcoin, that is a good thing, expecting it to grow to more than double in the next 2 years is as good as it gets and should be fine, I get that it is not going to be all that shocking, because people are already expecting that. The fact that we all know that we are going to make more than double of our money, maybe quadruple of our money, in the next two years, is a big deal and should be important in the end. I personally do believe that it is going to be fine, and should be noted down eventually. |
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as I've observed with doge its always have strong link with whatever elon is stating meanwhile the other meme coin not so much, like shiba it was so much associated with elon back then when elon still shilling
for meme coin but right now its rather stagnant, i guess thats because elon kept on promoting doge coin even until today. but indeed its like magnet, whatever elon is saying kept getting associated with doge and therefore some pumps even at the silliest thing he'd say many doge investors are considering it as financial decision.
lets see how doge can fare in the next bullrun, i'm guessing its not gonna be that massive increase anymore but just stagnating though my guess most certainly could be wrong.
first thing first, doge should at least reach the 10-cent level as we have seen this price more than a year ago. we should not rely on elon's shilling as there's no timeline on this scenario. but i understand holders are looking forward to what elon has to say to this old meme coin. because mentioning this old coin in one of his tweets really give some sort of jump, whether small or big one. hence, it is understandable that many holders are looking forward for the time that elon will say something about this coin. I feel like the increase will happen slowly, I mean looking at the market it looks like it is going to take some time but it is going to get there eventually and that should be important deal. I get that some people love doge, and that should be the most important part of this, if you like Doge that much then you will invest, not saying YOU but in general like if one loves it so much they will want to invest into it. That means we are going to see a lot of people who will invest, looking at the weekly increase, we can say that it is following bitcoin closely right now and the return could be very well. We should just realize that it is not going to go up much more than bitcoin right away, that should require some bull run and alt season to start, that will not be anytime soon. I am guessing that next year around these times it could start, but until then it will probably do what bitcoin does and go up with it around the same amount of money for sure. |
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I believe will saw the new shift of many altcoins price that made the green light to remain stable in some days to make some altcoins hodlers to make a new decision to apply for potential altcoins that will make their profits surplus when the real bull run show up in the market soon. I guess Ethereum and Binance are very good in long hodling because, since I became regular in the crypto market, I discovered that this two altcoins carry huge population to stand in second and third position in the market that is giving me hope that they are good in long term hodling and, it will be difficult for their customers to experience negative results like what other customers are experiencing from new altcoins in the market. Do you think this two altcoins are good in long hodling in this season? Because I have seen some reason that made me to apply for long term in this little shift of the price of altcoins which the bull run will show up fully next week.
Well, if I research the history of those two, the answer is yes, which is good for long-term holdings. Also, in the two halving's, they have always followed Bitcoin and have not left the market behind. If only I had a lot of money, I would take a lot of it to hold for the upcoming bull season too, somehow. It's just that that's not my priority right now, but instead I'm holding other cryptos that can also provide a big profit with the ability to buy a new house and lot and also run a small business. That is true, the logic that ethereum and bnb do end up doing better during the bull run and do not get any lower is very important, it should be something that people should care about because we are getting closer to bull season, we already peaked above 37k with bitcoin and it should be very important to realize that alt season happens a little later, when people make a lot of profit from bitcoin they do end up putting their money into alts a lot more and yes there are some small cap stuff that get the benefit of it but ETH and BNB will get a lot of attention too. So, people should take a look at them a lot more closely and so far in history those two did end up getting much better when bitcoin started it's bull run for sure. |
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