I think everyone had experience losing money in trading in the past and what i observe especially with my friends that are new here in crypto is that they quit trading and they think they can't do it. But i think how can we learn here if we don't experience from failure. We need to learn first and stop whining that trading is just a waste of money and time. We should accept learnings here and try to use it as advantage in the future. After we learn then maybe we could earn like what others had thought me.
The attitude of your friends is without a doubt mistaken, it is very rare that anyone is any good at any activity when you are just starting out, most of the time you are going to suck, you are going to be terrible at it but you need to keep practicing, if you really want to become a talented trader you have no option but to keep trading, those that give up at the first sign of trouble are never going to become good at anything. |
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While this is without a doubt an interesting question and the information that you are getting is very interesting as well, the point of trading is to make money I do not care if you only make one trade as long as you earn a lot of money, and also it doesn't matter if you make 15 trades but you lose money, you're doing something wrong by engaging in so many trades and not earning a single cent.
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It is really important to look at the community before investing in the ico. You can see how many people have interest and believe in project. It is show how many people will support it in future. It is very important part of success.
The size of the community is very important but at the same time you need to look at what kind of community you have, you may have many members but if they are not active and participate and try to improve the coin then the chances that coin will become successful become lower, but if it in the other hand the members of the community are very active and they do not stop promoting the project to other people then the chances that project becomes more successful get higher. |
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You give very good information, it is up to each person to decide in which kind of bounty they will like to participate for example I'm not really active in social media sites so it is obvious that I will never participate in a campaign like that, but there are many bounties that pay very well for translations if you know at least two languages and like always you can participate in signature campaigns and earn some tokens that way.
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As usual, I often sell tokens received from ICO bounty campaign right after the Token is indexed on the trading floors because the ICO exchange rate tends to decrease and it is difficult to recover if the project is not really potential. If that project is possible, then I will monitor the exchange rate and make a decision after 2 weeks of holding.
Selling right way is the right choice most of the time, there are some tokens that can growing value in a significant way but the chances that you pick one of those projects at random is very low and the chances that you participate in it and then you get it tokens is even lower, so those that sell their coins at the first opportunity are not doing anything wrong in my opinion. |
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There are a lot of ICO projects in the world. I work in one of them too and I'm also sure there are a lot of people representing other projects.
These projects can be a scam, for sure. However, there are also good projects working day and night to create something successful.
In your opinion, how these projects will influence BTC and blockchain? Do you believe your project will bring something useful to the world or it will just make the bubble even bigger?
Most icos are nothing but a copy of bitcoin we could say that they are inspired heavily by it, but I do not see the icos influencing bitcoin especially since many of those coins are nothing but an attempt of the developers to get money out of naïve investors, but even the little amount of serious coins that come out of it are not powerful or innovative enough to influence bitcoin at all. |
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yap DOGE is a great long-term investment, i agree this case prices stable and the demand is quite a lot other than the speed transfer fee is in use also cheap. this is what I think until now still there is this coin.
I disagree completely with this, doge is a very good coin if you want cheap and fast transactions that is correct but it is a terrible long term investment, it is not a store of value because doge the number of coins that is going to exist is infinite unlike bitcoin which has a hard cap at 21 million coins, that is why I do not recommend anyone to bother to invest in dogecoin, you will lose your money. |
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Do you think there is a room for centralized coins such as Ripple win over Bitcoin and Ethereum ? What is the good part about centralized coins against the decentralized ones ?
No such coins like ripple could not win over bitcoin and Ethereum as people would not be supporting such coins as their prices would not increase considerably due to their centralised nature. People like us will never invest in a centralized coin like ripple, in fact I have never held that coin, however even if people like us are never going to let ripple take over the first spot in the market cap that bitcoin possess that doesn't mean that new investors that do not really care about the mission of cryptocurrencies and that only care about the profits that they can get will not let ripple do just that |
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getting too attached to your coin. the best traders cut their losses, and quick at that
This is why trading can be so difficult, there is nothing wrong with cutting your losses but another very basic mistake that traders make is to cut their losses too soon, this has happened many times, one very common scenario is that bitcoin is going down and then people sell their coins and suddenly out of nowhere bitcoin grows unexpectedly and instead of getting profits people miss those possible profits. |
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Well, if he bought when the price was less than $6000.. then he is gonna be on a x2 in a few months from now as soon as everything recovers back to its all time high (just like it used to be before)
Someone that can buy 10,000 bitcoins is probably not going to sell his coins just because he doubled his investment he is probably thinking about what the future is going to bring and the huge price of bitcoin can reach in the next decade, and to be honest if I had the money I will do the same unfortunately as you may guess I don't have the money to become such a big whale. |
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Your first investement in crypto world should always be bitcoin...then after some experience you should move on to some famous alts like ethereum and litecoin..learn and take experience...investing in ICO's is risky and only for experts
I do not know why newbies want to skip those steps, they do not want to invest in bitcoin because it is very expensive and it cannot grow as fast as new altcoins and I understand that, but to try to accelerate the process in which you convert yourself from a newbie to a good investor is a huge mistake that they are going to pay with almost all their capital if they are not careful. |
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Hi, let's say I have an alt coin which is traded against ETH. I want to go to sleep and don't want to be caught out with a drastic price drop. If I want to sell the coin at say 10c, how can I do this as I need to set my stop loss against the price of ETH....but what if ETH changes price overnight too
You're not understanding this correctly, if you buy an altcoin with ethereum the price that you should care about is the price of ethereum not the price of fiat, if you buy some coins for 1 ethereum and then you sell for 1.1 ethereum then you won your trade, in fact you got a very nice profit of 10%, it does not matter if the price of ethereum against fiat went down. |
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It seems as though there is a predominant attitude about people trying to do business that most people are scammers. We have run into this time and time again, accusing us of running "dirty" money or stolen goods.
We put ads or offers in various places saying "vetted buyer" and "respected escrow" and still get negative comments from people that don't even want to do business. They would just rather demean and abase and not add any positive thoughts.
I will say that we have had pretty good success in spite of the naysayers. Doing business in this way is new to most people and seems foreign. But we have plodded through and have achieved a success that has proved that not all are wrong.
There are people all over that are looking for honest services, and we have carved a niche for that entity. We know that there are scammers out there, but we are working to elevate us to a position of reknown.
Not all offers are scams!
You cannot really blame them, there are many scams in the forum and people are very suspicious to the point of being almost paranoid of everything, however another possibility is that in fact the ones that are accusing you are in fact competitors selling similar or the very same products and they are just trying to make people nervous about buying your products or services. |
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We are now just 200 short of reaching 10000, it is going to be very interesting what happens when we reach that price, I'm very sure that there are a significant number of sell orders set at that price so it's possible we are not going to see that price for a long
There are plenty of possibilities for those orders to get cancelled when buying volume increase significantly. If you have noticed in the past, at major levels profit booking may happen but at the same time if bulls are in control then many traders may go for "delaying" their profit booking levels. it will be a small signal that bitcoin is making a small comeback and that is important after the very difficult start that we got in this year.
'Comeback' sounds as too dramatic term rather than current rally as just part of bitcoin's fluctuations. We have seen many ups and downs like these always. So, this time also bitcoin is proving it one more time. Well maybe comeback was a word that was too strong but you know what I mean, 10000 is a very strong psychological barrier and surpassing that price will be a small signal that will say to everyone that bitcoin is back, personally I do not think we're going to see prices as high as the ones we saw at the end of the previous year, probably that will happen until the end of this year or maybe until the next year. |
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Is there a role for Bitcoin in international trade? Have you heard of a trade between two countries?
And will it be in the future?
It is unlikely that countries are going to use bitcoin to settle trades among them, that will basically be an endorsement to bitcoin and in a way they will be recognizing as well that they do not trust each other with their currencies and they prefer to choose a decentralized currency instead, so I really think that we are not going to see such a thing in our lifetimes. |
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Bitcoin and other cryptocurrencies will collapse by 90% within the next 12 months, analysts predict, but those coins that survive this correction are expected to grow tremendously. On 7 May, US financial regulators, the US Commission on Futures Trading (CFTC) and the Securities and Exchange Commission (SEC), will hold a meeting at which they will discuss, whether Ethereum tokens should be classified as securities. Source: http://www.coinfox.info/news/9391-forecast-cryptocurrency-market-to-suffer-from-strong-correctionNothing new here. We have seen a lot of people or analysts said that Bitcoin and cryptocurrency market will crash and lose most of its value but it never happened, 90% drop in price is very unlikely unless there will be a huge bad scenario that will happen related to cryptocurrencies or if people will lose their interest to invest, I wonder what analysis this man did to get into this conclusion lol. This is just another FUD to manipulate the market or to make the price more cheaper, because they are seeing that the market are now starting to recover from last few month correction. Expect to see more of this kind of prediction as the market goes for a bull run. I agree that this seems to be another attempt to try to manipulate the market, it seems to me that those that want to see the price of bitcoin crashing are confused by the fact that it is no longer going down, yes they made the price of bitcoin a lot lower but it is nowhere close to where it began in the previous year, it seems they do not like the current support level of bitcoin and they're trying to manipulate people to keep selling but it seems that strategy is failing. |
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there is no such thing as groups of full time traders that share anything valuable with others!
trading is a war and people aren't giving away information and knowledge to others, specially newcomers for free. even if it seemed free or even if they asked for a registration fee, be sure that they are benefiting from giving said information to you.
in most cases what they tell you is a clear definition of a pump and dump group. what they do is that they choose a dead shitcoin, they buy it slowly and then as the price starts rising up and goes higher a little because of their buys, they start telling YOU about that shitcoin and as you buy that shitcion they start selling (dumping) it on you to get the profit and get out.
in other words it is a sly method of taking your money without you even noticing because you are giving it to them unknowingly but willingly.
I tend to agree with this, unless those traders are my friends I'm not going to share anything with anyone, it will be a mistake to do so because if you reveal a working strategy that you are using to make money in cryptocurrencies then they are going to use that strategy as well and that means that your profits are going to diminish because now everyone is using the same strategy. |
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The solution is simple. The OP already laid it out. But then again it is not that easy. For example, adoption alone is hard to do. The volatility of crypto currency itself will deter owners to get them. A volatile currency means your services and good's price will also be volatile.
The adoption of cryptocurrencies seems hard right now because most people are very comfortable with the current fiat economy but as soon as the system begins to fall, and unfortunately we do not know when that is going to happen, we're going to see fast adoption, at that point people will finally realize that they have been lied by their governments all their lives. |
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Competition between local currencies Vs crypto currencies are in peak now. Crypto currencies have occupied currency market causing local currencies enforce (banks) banning of crypto currencies. We can see number of investors have turned towards to bitcoin and other crypto currencies with large scale. Will there be a chance / time bitcoin and other crypto currencies rule over currency market and local currencies get disappear slowly in a decade or two?
There is not really a reason for local currencies to disappear, cryptocurrencies are going to fill some niches but it is impossible to fill every single niche, in my opinion even in the future cryptocurrencies are not going to replace the current economic system that we have, it is just going to run besides it and it will be used by people like us that do not like the current system and would like to bypass it. |
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This market does not have the steam to break 10K
Will buy back in when things are making more sense.
Bitches are buying ETH and Bitcoin Cash
BTC dominance is going down hill
A Bear Market could be triggered if BTC goes below 9520 according to one analysts. it has already done that today: Tread carefully and use stop loss if you recently bought in!
When you sit and see BTC go down 450 USD in a day you need to ask yourself WHY? Whales didn’t do it is called market sentiment. The whales spiked it 1000 USD in 5 minutes not long ago and caused this mini rally!
You can do as you wish with your own money, but how it's possible that you are recommending bitcoin cash, most of us know that is just an altcoin and while some say that is a rival to bitcoin I disagree, to me it was just a coin created to make money for those that were supporting that project and now they're keeping it alive just to save face. |
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