Hello, I am newbie in trading. I start trading for make some profit
Would it be possible to make 10% of your capital every day?
This would be 300% in a month, this is a lot.
It really comes to your capital:
If I invest 200$ and 10% of 200 would be come 20$ daily and one month come 600$
...
If I trying hard daily profit 10% huge profit come in one month
You must first determine what coin you want to trade, how much the transaction volume of coins you will trade. If you use capital of $ 200 and choose BTC / USD I think it is impossible to reach the target of 10% per day. One of the best ways is to choose coins where you can buy in large quantities. For capital of less than $ 200 I suggest coins like EOS, IOTA, LISK because the price is less than $ 10 per coin. And the 300% target per month I think is too ambitious. For the initial target of 50% per month I think it still makes sense. Trading is not as easy as theory, because market conditions are always changing and can never be accurately guessed. |
|
|
|
Few days ago i added by someone into crypto pump channel on telegram. They claimed that recently they have done many pumps and all pumps were successful done and on 29th August they were about to create huge Pump on binance. But nothing was actually happened on 29th. I lost around 0.04 BTC in 5mins.
So guyz be aware of these kinds of channels.
Pumper groups will only use small exchange sites, as well as low credibility. If there is a group of pumper who promises to trade in big exchanges like Binance, I think that is nonsense. I look into personal experience, because there were pumper groups and they only used Cryptopia which we know that Cryptopia is a small market. |
|
|
|
We live where democracy is only a sentence, not true democracy. Decentralization will improve a dilapidated economic system, because the main source of problems is the economic system. If the economy is good and fair, people will feel democracy. Because right now I think we are still in control of a corrupt government system, almost all countries are no exception. |
|
|
|
What is the difference of Bitcoin and Altcoin? Those two got me confused ey. Noobie here.
Bitcoin is a cryptocurrency that was first introduced, then considered a pioneer of cryptocurrency. Therefore, bitcoin can be called the center of all coins even though technically each coin has a different algorithm. Altcoin is an alternative coin, which you can use to cross-transaction to bitcoin. For example, BTC / ETH, BTC / LTC, and others. Basically, altcoins are also similar to bitcoin, some can be mined, some cannot be mined. |
|
|
|
https://coingape.com/nasdaq-list-trade-bitcoin-ethereum-by-2019/amp/Sooner nasdaq will come and join those countries as great traders of bitcoin and other cryptocurrencies in 2019. The new victim of cryptocurrencies. Some countries deny it, but more countries welcome bitcoin. So the future of bitcoin is undeniably progressive . Share your opinions. I think this is an elite strategy through the government to undermine the development of cryptocurrency. They put cryptocurrency into futures and commodities, even though realistically it would be suitable. Yes on the other hand it does make the cryptocurrency road acceptable in the world economic system, but the problem is that when the cryptocurrency enters the commodity category it will be indirectly controlled by the government. While the cryptocurrency concept is decentralized. |
|
|
|
Now a days we sometimes seeing the price of Bitcoin falling along with others also falling.
At that time if I have Bitcoin then what should I do ?
Should I sell or hold?
I will buy bitcoin again when prices go down, or hold back bitcoin. Because this is the right moment to buy bitcoin when prices fall. I am very optimistic if someday bitcoin will be used for everyday life. |
|
|
|
|
This will be a good start for the future of bitcoin. Because it can begin to be applied in life throughout the world. Transactions without intermediaries will certainly be fairer.
|
|
|
|
Hi, in this topic I would like to discuss the usability of technical indicators in the cryptocurrency market! So, Let's start!
Indicators were developed by financiers for traditional markets. Over time, key indicators spread to most markets, where they also showed their applicability. In this way, thanks to the proven versatility, they were on the crypto currency market. The cryptocurrency market as a whole differs from traditional ones a little. Mainly because its participants are the same or at least the same people as those who trade on the traditional. The thinking of the traders is the same, the methods of responding to the market situation - too, so the assets on both cryptomarket and traditional behave more or less the same. And that's why the technical analysis and its key indicators in particular are successfully applied on cryptomarket.
So, what do u think about the usability of technical indicators in the cryptocurrency market?
In my opinion, technical indicators can be applied to everything related to trade charts. I myself prefer to use technical indicators rather than fundamentals. But I only use a simple indicator, because if you use too many indicators on the chart it will be difficult to read chart patterns. Between crypto market and traditional market is different from the transaction method. For the chart, I think it's the same. |
|
|
|
Can you tell me what affects the price of btc ?
Why is the price up or down?
Most of you would advise me to learn how to read charts.
So the price of btc up or down depends on the chart ?
Bad news is over, why btc prices can not increase again? The fear of new investors may be a reason. Since btc is not a real company, we can not have financial statements to buy or sale.
Price up from 6k to 7k this morning. why the price go up ? i'm confused now.
Chart is honest information about the price of bitcoin in my opinion. Because all patterns are formed there. Negative news is made because to make a repetitive pattern on the bitcoin price chart. Believe it or not, bitcoin chart history will show the future of bitcoin. |
|
|
|
I hope everyone is good. Today, I will present you top 5 mistakes which are usually do a beginner. I understand these topics from Youtube and like to share it with you. So that no one else will make such a mistake in future.
So let's start♥
1/ 😟 Wrong Investment Strategies 😟
👉 People invest into cryptocurrencies by borrowing money from relatives and panic sell whenever price falls to cut their losses.
👉 People invest big at a very early stage without getting a better understanding of the market.
👉 Invest on shitty coins.
2/ 😟 Improper knowledge 😟
👉 The most common mistake that people do is that they get involved into the crypto currency by a MLM trader.
👉 They invest big without knowing exactly how crypto currency works.
👉 People who get into crypto often don't do proper research before investigating into an Coin or into an ICO.They don't read the "White Paper" of the coin.They don't research about the technology and the team.
👉 People also don't keep them upto date by the latest news and because of this they often miss out the profit opportunities as well as incu huge loses.
3/ 😟 No understanding of price fluctuation 😟
👉 I have seen people getting into cryptocurrencies when it's on a rise and every coin in the market on bull run.
👉 People don't have a holding power.
👉 Fails to understand that crypto currency price also has a tendency to fall.
4/ 😟 Day trading and FUDS 😟
👉 Another common mistakes beginnings do is that they get effected by the FUD's very easily and quickly and therefore sell their coins.
👉 Another mistake what people do is that they join pump and dump groups on Facebook and whatsapp and other social media sites and follow them blindly without DYOR.
👉 Start "Day Trading" which can be very risky if you are a beginner.
5/ 😟 Security risk 😟
👉 Keep all of their long-term #HOLD coins on different exchanges instead if keeping them into digital wallets.
👉 This often pose a serious threat of losing their coin hacking or malfunctioning.
👉 Don't activate 2FA security.
👉 Instead of writing down the key phrases and passwords on a piece of paper they memorize it and often forget their passwords.
Thank you very much everyone 😉
The main problem is the mentality that has not been formed, then the knowledge of the market situation is very minimal and too ambitious to get instant benefits. This is why many traders experience huge losses, then directly blame the market or coins they trade. Even though we know that forming price patterns in the market is our own trading activity. Because it is too easily influenced by the FUD news then panic occurs. |
|
|
|
For many years, there are has been several misconceptions and negative speculations surrounding the world of crypto, you might have noticed that bitcoin always come up top despite these negative speculations.
The year 2018 has not been different, bitcoin has endured up to this time. There are has been several ups and downs especially concerning the price. The changes in the price were largely caused by negative news such as those in the media circles. In spite of all these problems, bitcoin has seen the light of day as the biggest digital currency in the world. As the year enters the third quarter, all crypto enthusiasts can only hope for the best.
There is a pattern that is formed every year against bitcoin. Where every 4 years there will be a large price increase and there is also negative news which is often called FUD. All crypto users sometimes only focus on the amount of bitcoin prices, not on the future of bitcoin. This creates a situation where it is very easy to influence them to damage the price of bitcoin because of panic and greed. |
|
|
|
Hi I am just new in trading I just want to know how do you pick a trading platform? I am so confuse on how to pick a nice trading platform also I want to know what coin should I start to used for my trading.
first you determine what coins you want to trade, then please search trading platform information on the Coinmarketcap site because there is complete information about the market for coins that you want to trade. For the whole I think BINANCE is good enough if you want to start. |
|
|
|
Trading is very risky they said and the information to learn is very wide , every losses and profits is a experienced that is why I'm very interested in trading , yet i don't know where i should start .
Can you share guys how do you start with this line?
very easy to start trading. Prepare more funds that you volunteer if it fails. Because the funds you will use to start looking for experience from trading. You will never be able to do it if you only stick to the theory, because whatever the decisive decision is your own. When to start buying and when to sell it cannot be determined by theory. |
|
|
|
i invest so much in cryptocurrency there is possible a risk? in investing in cryptocurrency, what is the main risk you encounter in investing in crypto
i hope an anyone give me an example a risk in investing in cryptocurrency,
The worst risk is that you will lose all your crypto assets. Due to extreme price fluctuations and many unclear projects and fraudsters. Maybe one of the things you can do is trade in bitcoin or ETH, because I think it's safe to play both coins. |
|
|
|
|
It is difficult to predict whales movement if we have never experienced it before. Actually this pattern will occur repeatedly, for some traders may be used to seeing activities like that. Usually whales will not play alone, they are groups whose job is to lure small traders into their trap.
|
|
|
|
I recently read [/] "An Order-of-Magnitude Estimate of the Relative Sustainability of the Bitcoin Network" , from Hass McCook . In this book , he made a detailed study about estimating the durability and cost of the Bitcoin network. He compares Bitcoin against the gold industry, the banking system and the production of physical currency. And , Bitcoin is by far the most energy efficient monetary system we have ever made ! Here are some numbers: Banking system: 23340 million GJ (energy consumed) + 390 million T of CO˛ Bitcoin mining: 3.6 million GJ (energy consumed) + 0.6 million T CO˛.  I don't know yours opinions about that , but I'm really excited , I want that erveryone know that ! I know guys that it's really hard to delete these systems , and maybe not possible , I just think Bitcoin is the best system , and I just want to share my opinion , to touch a lot of people , and sensibilize them , it's important. Nowadays , a lot of people are still thinking that Bitcoin is a scam , " a bubble" , they don't know the technology , they speak before learning , they don't understand and don't want to understand. And I want to educate these people, it's my mission , and I sware iI will succeed : my goal is that people understand what is the potential of Bitcoin ! Actually, many people are already aware of the potential of Bitcoin, that's why they use bitcoin as a tool to make the most profit before bitcoin is truly legally accepted throughout the world. The government prohibits bitcoin because they understand well if this will have a bad impact on the traditional economic system they make, therefore it is necessary to encourage and support all Bitcoin users to create benefits that are useful for everyone, not only for the big players. |
|
|
|
I have only gained good things from cryptocurrencies (they have changed my life for the better), however, I am frustrated at those who are in for money, and only money. They hurt themselves as well as cryptocurrencies future. I am sad that I still can't use bitcoin to purchase the things I want, as it isn't used as a payment currency/method. I am sad that there are big financial institutions that want (and do their best) to wipe the crypto world out, and instead of working together as a crypto-community to thrive, we are fighting, arguing, and scamming each other. Where I live, the government relentlessly tightens and destroys our financial lives—I was lucky to have found salvation in cryptocurrencies when others struggled.
We need to show the world that we are not just a bunch of wanna-be millionaires, that we actually care.
Some people still depend on FIAT money, because that's what has been developing since a long time ago. Maybe for some people, they are actually looking for money in the cryptocurrency world because they think it can be more profitable, but some are greedy for making money on cryptocurrency. The problem is that when someone cannot fulfill his own life it will be difficult to build the future of cryptocurrency, because they also think about their own finances before thinking about crypto's future. |
|
|
|
|
The increase in bitcoin always occurs at the end of every 4 years. Maybe in 2019 it will go up, but I'm not sure it will go up very high because it saw the trend of bitcoin in the previous year. It could be up to determine stable prices in this period to be ready to slide at the end of 2021 like the 2 periods we have passed. I think investors are also aware of that, because investors are always guided by the chart history rather than just listening to the fundamental news.
|
|
|
|
Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.
What are your thoughts?
the invitation to HODL is only a word to influence people, because it is expected that people can decide what to do. I am sure everyone has their own strategies to survive on cryptocurrency including in terms of HODL or selling. |
|
|
|
|
#proof of authentication
Telegram login: @ohmbulls
|
|
|
|
|
Show Posts
