As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
the most important mistake is panic when prices go down, and in a hurry when prices go up. They are weak in controlling their emotions. This is why emotional management is very important for novice traders in addition to risk management |
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I do day trading, so I want to know , How much time better for day trading analysis ? 15m , 30m , 1h , or 1d which time best for day trading analysis?
for me personally, I like the 1D time frame because it can certainly be more accurate to determine the direction of the next trend. Then I will use 1H or 30M to execute an open order. If I look at the trend of using 1H down it will be very difficult because there will be lots of random patterns and too fast to determine trends. |
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How you find a good bounty campaign?
Thanks in advance.
it's hard to say this, because now it's very difficult to find a really good bounty. Because we know that many popular Bounty Managers get redtrust, whatever they do, I don't understand. Because if I used to look for a good bounty is to see who the bounty manager is. Because the popularity of the bounty manager is very influential. |
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Coins like BTC and ETH have proven beyond reasonable doubts that they are the best and more safer coins to invest. My little advice is that, whenever you get your altcoins, it would be better to convert at least one third to either BTC or ETH to serve as some form of insurance to your tokens in case it fails to survive. I used to keep all my altcoins and now that the market is red it has badly affected my investment. And mind you, those new altcoins are not like BTC and ETH, they can get zero volume anytime so they are not reliable. Is there any other person with a different view or everybody agrees with me?
in my opinion this depends on how we read the condition of the coin market, if it is not possible to save it, of course I will immediately convert it to ETH or BTC, but there are also some possibilities to hold other coins. Because I see altcoin as a long term, not short term. |
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Hi,
I see a lot of great projects..
But also a lot of project which I don’t like.
Here is why
Not every project needs blockchain. Or not every blockchain project will survive.
In a project you need also a good businessplan and marketing.
Example
I saw Friendz which is a social media project. Nice plan but don’t think it will replace Facebook because
it is in blockchain. You need a lot more.. A LOT MORE to best orher companies with a centralized system.
Be carefull and good luck with your investment
But the fact is that the plan is only a formality for the whitepaper, while the facts in the field are not like that. The ICO project = the project collects money from investors then throws junk coins in the exchange market, investors don't get the profits they want, while the developer team makes profits outside their target. Except for ICO projects that have teams of big people in the cryptocurrency world  |
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There are lots of projects who launch their pre-pre-ico and highly advertise their product before they start their first stage of pre-ICO. Do you think it's justified?
I think that is a strategy for conducting market tests. If the pre ICO is quiet or even less interested, then they will of course delay the ICO or stop the ICO. But of course this will also be a waste of time and energy because I think the ICO project is gambling, where they risk their vision and mission with a great hope that investors will want to finance their projects |
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actually the problem about the same question arises because they are lazy to search, second indeed they really do not understand how to play in the forum. But each of the same posts will be deleted by the moderator. So I think that is understandable
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Hi I was wondering what the general consensus was on the use of technical analysis in making long term investments. I know short term day traders get allot of use out of it but if I'm investing in a project based on fundamentals does the technical analysis matter?
I think traders always use both techniques of analysis, whether technical or fundamental. This also depends on the conditions as well. Because sometimes there are also situations where it is difficult to use technical analysis, but it is easy to use fundamental analysis and vice versa. Long-term traders usually use technical analysis and short-term use of fundamentals. |
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Crypto prices have rebounded following the reversal of separate anti-crypto decisions by Facebook and Google. After previously banning cryptocurrency ads on its platform, Facebook has whitelisted Coinbase advertisements, and Google on its part now includes major cryptocurrency coins in its exchange rate converter tool.
the cryptocurrency advertising business is currently very massive, I think Facebook and Google will not turn a blind eye to this opportunity. Besides that they also benefit because basically they are the Largest company in the world. They certainly will not miss this wonderful opportunity. |
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I am always amaze every time I imagine how much power does Ethereum blockchain has when processing transaction for every tokens it supported. There are millions of transactions are being process every single day. Just do the math. Decentralized exchanges using ETH blockchain plus online wallets like MEW, Jaxx, coinomi, Eidoo, etc. I always have this feeling that ETH will become number 1 someday. Who is better for you? ETH or BTC?
for transaction speed and transaction costs may be faster and cheaper ETH than BTC. In addition ETH wallet is also universal for all derivatives of ERC20. But between ETH and BTC they have their own fans, so to choose the best one is relative. |
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ICO without whitepapers is a waste project, because whitepapers contain important explanations about the project. Because it is not possible long explanation is written on the website page because it takes too many places. Most investors will read the whitepaper first before deciding to participate in the ICO.
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actually i see for the cost will be the same only, but because the power efficiency used POS is better. But POS also does not guarantee if transaction speed can be better than POW. between POS and POW has advantages and disadvantages of each.
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It is a common thing to see most ICOs stating in their whitepaper that the monies of investors will be refunded to them in case the ICO is not able to reach its softcap. Sadly bounty hunters work for like eight weeks or even more and their efforts go waste. Do you agree they should also be compensated?
yes, they should also be compensated for the role of bounty hunter is also very important. Indirectly bounty hunter also helps promotion and become a buzzer through social media. |
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the huge amounts of new ICOS that arise every month could be hurting the price of bitcoin? you who think about the ICO?
ICO will not affect the bitcoin price, but bitcoin prices will affect the price of the ICO project. Because if the bitcoin price drops, it is certain that ICO will be quiet because people are panicking with the decline in bitcoin prices. |
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I will remain in Crypto because of some advantages such as security, ease of transactions. I think you are only oriented to price and market patterns without looking at the other side. I think crypto is not just about price, but about how easy they create.
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bitcoin prices are a reflection of the buyers in the exchange market. Large dumper can cause bitcoin prices to drop. Dumper is usually done by large traders, this means there are people who can play bitcoin prices.
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probably because the bitcoin factor becomes central to all types of altcoin, hence it seems as though other coin charts could be similar to bitcoin.
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Anyone knows the reason behind this sudden fall i listen some fud from Vietnam anything else going on
When moon ? 😢
it is happening a lot of fud, not just from Vietnam. Because there must be a purpose behind fud, maybe greedy. Because we know the amount of bitcoin will be thinner with more years |
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