Lol, most people always think these rules in trading will basically help them but the truth is that in real life and except you just want to hold, it is not that applicable to trading; at least most of them. Only thing you need is the knowledge to trade without putting emotions and ability to make quick decisions since you already had everything planned out.

People forget that a lot and they let their emotions play them or hold when the market is in a rapid fall when they should be stopping loss and buying back lower. Like you said, if anyone cannot trade, they should be buying a bot.

Yes, there is a chance and there is also a chance that in the short term it might go lower than the amount you purchased it, so it is better you understand the volatility risk as well. However, in the long run, I am extremely sure you are not just going to be tripling your money, but you will be achieving even far more than that.

Bitcoin presently has actually gotten lower than it was from the previous ATH, and that is something that when it goes back testing from this spot, you should obviously be making up to that.

Well, nothing should be expected that much now and from the way things are in the market, the gospel through is that there is a huge mixed feeling. If you look at the weekly chart, it looks bullish, the daily chart is forming a higher low somehow until further notice, and the lower time frame, the market is filled with a lot of indecision. Nothing is actually certain and going way above $8900 still does not guarantee any bull sign as that is not even going to be a huge resistance to be more wary of anyway.

More time could actually be a year or two as the case may be. However, the breaking of the $20000 can only happen if we are at least able to cross around $12k at some point and by then hopefully, we may get to see bitcoin hitting some pretty good ATH before the end of the year or testing the previous one. Time will basically let us know how things will eventually turn out as any assumption now is pretty much going to be a baseless one.

It is not hard as over time, it will get to break some of the resistance above us and possibly hit a good value before the end of the year, but the honest thing here is that only time is the only thing we have that can actually determine how that is going to end up. When is the only question we should just be asking as I do not see how that may pan out before the end of the year, but at least we still have about 7 months left before the year ends and absolutely anything can happen?

They definitely will not. The more the progress bitcoin ends up having, the more it even gets better for them and who on earth will want to give that up for anything ?

You are only stating an assumption that is obviously not possible and even if some of them decides to offload what they have, as long as there is a demand for it, then there would be people ready to gulp it up and if not, I guess some of them will just have to give it up at lower values, but in the real sense, it is not something realistic to do or assume something like that would be possible in crashing bitcoin.

Anyone who is even looking for ways to win in gambling or thought he has been able to find a way should just know indirectly that they are set out for a huge loss. That mindset alone will make the person to want to bet big and there is one thing about nature, that way you think you found, will start working out for you pretty fine, probably some strategy and you get to excited that you want to put in more, thinking you are set to finish the house edge and then that moment of no return comes when it all just disappears with a loud thudding of heart beat and emotional rush, but still, they just never learn.

Unfortunately, and even on this our forum, a whole lot of people have decided to take it as a full time employment and expecting that they are going to be getting something tangible from it consistently like a normal job and this really is quite funny. The reason a lot of people end up suffering from the effect of gambling is because of the mindset they have placed themselves in and once they are in that hole, coming out of it is not always easy.

If the good effect is to lose all you have or to keep getting your blood hot and your heart pumping pretty fast, then I guess we have nothing much to say. However, some may see it as fun and then paying to access those fun, since adrenaline rush can be fun sometimes though but not having some self-control in the process is where the main problem actually starts. Earning big profit from gambling is one step towards a huge mistake that anyone would be making as the sole reason to gamble.

The most important thing is just to learn the basic things you need to know. Get to learn how to make good use of the indicators, most especially, MACD, Stoch RSI, Moving averages, as well as some other ones to follow trend such as the Ichimoku cloud to help you trade some basic supports.

Additionally, get to know about support and resistance, and how to use trend lines as well as some patterns to know how to make decisions. As long as you can get to know these few things, you can start applying them with little amount of money to start with until you are able to gain some confidence and know you are ready.

Why should you be confused as all you just need is to do some little bit of research, get to know what people are saying about some certain coins, use some of the article and resources online and see how you can dig further on the references they have made and this of course should help you in your decision making.

Sometimes, all we just need to make that decision is the search engine. The reason why I have said this is that there are lots and lots of altcoin and suggestions here may get you confused, but with some articles based on different expert opinion and your findings, you can filter out what to invest in with your $500.

Yeah, and like most people always call it, it is like the queen to bitcoin based on support and with its high level of usage, I believe it already has so much going for it and that level of demand alone is good enough to keep it going. The platform of course will keep getting even more developed which gives it an edge over every other smart contract platform and in that way, things will definitely keep getting better for the holders in terms of profit.

Ethereum is more established since it has basic function that is really being used a lot which is the smart contract and has birthed a lot of tokens till date. Therefore based on that fact, it is definitely an altcoin worth holding for a very long term and as much as you definitely can. Recently, a lot of attention is being given to it as well in the crypto space and I am sure the sky is the limit for it as we get to see it increasing hugely in value over time.

Credibility he may never ever be able to regain, lol. I am sure McAfee was never serious and all he was just busy doing was making his position to instigate some buying momentum in the market to make more money which would be the reason why he was even just busy supporting even shit coins and that was the moment I realized how unserious this guy has been all the while.

I am not a fan of expert opinion anyway, still I am just a fan of the charts and the trend and so far, that is fine by me. In my belief my chart analysis are the real experts to guide me better than anyone else in this world.

Yeah, it is indeed a very good strategy and an advice as well. So far, I have seen the rate at which altcoins are really having some pretty good fluctuations in the market and the uncertainty keeps growing even the more. I can see a lot of the altcoins bouncing though once the bitcoin market itself is showing some green light, but at this stage, it is quite difficult to trade without using the stop loss and trying to take the little you have been able to get.

I noticed some of Warren Buffet's follower trying to tell him how wrong he is. What do we expect to hear from these old men in the first place where manipulation and monopoly has helped them to where they are ?

Asides that, they are smart enough to talk rubbish and admit it at the end that they really did say rubbish since they have been able to buy in enough at the dip. I only pity those who listen to their trash and act on them, only to come crying when bitcoin hits $1m in the nearest future and telling us their history on how they missed to buy now.

OP must be right. It is more like a threat to them and they see it more like, if this thing ends up succeeding, a lot is going to end up disrupted. When the big dudes are condemning it, then we should know better that we should be buying more than listening to them. All they want is to tap into the digital gold at the best low price possible since they could not see the future from the onset buy into it. Those who are smart will always know this should be the time to be accumulating.

Thanks a lot for sharing this and at least it is good to know that in most developed countries, we are beginning to see car dealers who are accepting bitcoin as payment for car purchase. It will really be interesting to see more like this as this would really give people the idea why using bitcoin more as a currency will even help its value strengthened in the long run. Whichever way, as long as exchanges are there, we can still buy anything we want, until we get to start seeing more of this in other countries globally.

For the long term view, situation in every market can be pretty good, but at the same time, you also have to understand that the possibility of falls can still always be around the corner most of the time. The thing here with bitcoin is that nothing is guaranteed and to me we are still in a pretty much bear market and anything can simply still happen but like you said, it does not really matter since in the long term bitcoin is still bullish.

Everyone here wants a new ATH everyday. No exceptions. But, practically market is doing its best. There are sometimes the whales are manipulating but now a days those chances are very less. $10k still remain a big barrier physiologically. Hence we may expect range bound for some more weeks.

I can see how much China is so obsessed with centralization now .
Not like I am surprised anyway as they obviously never liked the sound of decentralization right from the start due to their normal controlling nature of governance. I see this as just a means to get back in their foolish way as they just keep failing and seeing how the space is growing each and every day, it is making them extremely sick to the head to come up with a rating like this.

Well, everyone is entitled to their opinion; this is theirs, and who really cares about anything that comes out from that country anyway?

Not even just in cryptocurrency, but in everything, anything can happen. Why does the OP think that even for traders, there is the necessity of using a stop loss ?

That is the basic idea and it is not all about trying to figure out what is going to be happening in the next few days, because you cannot even know what will happen in the next few minutes. However, anyone who is trading will blend with trend and anyone who is holding should hold and buy lower for the future. Simple as that.

There is a chance to everything since it is a market and it is however the market wants to move that it is going to move, based on fundamentals and so on. Anything is possible; we may end up seeing $5k or lower, and in few months could even go to test the previous ATH. At the end, it is just the trend we are only looking at to know what is going to be happening next. Practically, there is just no one who can give you an answer to OP's question when simply the future is what no one can know.

Yes, FUD has been one of the main things that have been affecting the market for a while now and there is really no news to really affect the price or bring about some huge buying momentum. However, there will always be fluctuations and it is not like one cannot still find a way to trade them, it is likely possible that we may end up seeing a reversal or even more dips, but I believe only time can actually give us that information.

Bitcoin is known for recovering from any depth of falling down and it has proved it many times in its 9+ years of life cycle. This year may be a different one from what we had in 2017 and similarly 2019 also will be very different from this year. Lets just hope and bitcoin will never break our hopes like the past occurrences.

If you do not want to end up having your account banned, VPN is the last thing you want to use, so that should not even be an option. Secondly, of course, you should have known that those who own these platforms are not babies and they would have considered all the loopholes before even building the platform, otherwise, with the likes of you thinking alike like this, you would have ruined them and make them pack their stuffs and go back to the farm.

It is not a bad idea that he shared it though, but most addicts already know some of these things, but they cannot just help it.
The difference between someone who is in control and someone who is not is that some allow gambling to get the full control over them while some put themselves in control, which is one thing some people do not understand and instead of realizing that if you are gambling

You should either be doing it because you want to have fun or not doing it but whichever way, never gamble to concentrate on the winning as you will make bad decisions that leads to addiction most of the time.