#Proof of authentication
Telegram username : @SmanZD
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In my opinion, life can not go on without the economy, and if so, people must meet their needs and exchange, it isn't possible. In fact, there were also economies when money was not available, only people were changing their crops or physical works instead of money. But money makes things even easier, and crypto is an advanced model of money.
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I don't agree with you, because in today's economy cryptocurrency isn't accepted completely and if it isn't considered as a currency, i don't think it has an impact on the economy. The effect of Bitcoin can only be with the USD, can not affect itself directly.
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Firstly, Bitcoin is first and self-proved crypto currency, and its decline in price causes the other altcoin holders to panic. Secondly, Most altcoin based on Bitcoin, so when you want to buy a altcoin you must first get a Bitcoin, then you can get the altcoin with it and when the price of Bitcoin goes down it probably have to effect on the altcoin.
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I did it, because the government takes extra fee when i send money in my card from any crypto exchange. we have created a group of traders within the country and we are helping each other, if anyone needs to exchange crypto or cash.
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I often see the word 'manipulation' in cryptocurrency world. I only have general sense of that, but I have some questions about it. How exactly do these whales do this? Is there a way to spot it? And is there any chance these whales lose money?
The biggest reason for this is that the market value is low. someone with a lot of money (we call them ''whales'') enters the market and can change the direction of the candles as desired. However, when market value will increase in the future, whales will not do that.
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You can find as much material as you want in Yotube and Google for learning. You should also test this on your own and then you can start trading. But the number one rule is that you have to do transactions in accordance with the percentage of money in your account.
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Undoubtedly, risk is a major factor in achieving more profits. As the risk increases, the probability of getting more gains increases. But it's also not right to risk money for scam project. If you risk it, you should take a smart risk and you should be able to protect your own investment even if you do not earn it.
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No matter how much you deposit here for trading. What is important is that you can protect the money you invest. So once you have complied with this rule, if you invest money in good projects, you will have enough money for trading in your account.
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Hey guys, i need some suggestions and opinions about this.
Latest news can affect price of Bitcoin, whether it is right or wrong. Nowadays people don't look for accuracy in the news, and panic sales start. Other reason is cryptomarket value, so market value is so low, thats why anyone who have money can change the price direction.
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You can not gain profit, if you use only technique analysis, so it is not helpful for predict price. You should be aware of the new news without wasting time. If you lose time, it will be late and the short-term transaction is much better.
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of course, technical analysis works in crypto as well as in any other market the reason is the same as always — TA is about crowd's psychology You should understand why graphical patterns appear and you will realize why it works
I agree with you, Technique analysis is trader's psychology. But their working regimes are not the same, i mean between crypto and Forex. So, in Forex you can not pump or dump the price, you have to have the world to do it, because market volume is much more than crypto. However, crypto is the opposite.
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When price suddenly decrease or increase without any reason there happen pump and dump, because the cryptomarket volume is very little. However, you can not see it in Forex because the market is close to 100 trillion dollars and there is no one who can pump or dump any currency.
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Because, if Bitcoin is used like a currency in the future, banks are not needed. So, you can do what you want from home with low fee, without a middle man with Blockchain platform and when it will set up that mean is the end of the banks.
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You can find good time with technique analysis. Technique analysis don't work well in cryptocurrency, but our facilities are very limited. Second way is news, so if you analysis news truthly and without wasting time, you can find dip and high easily.
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In my opinion cryptocurrency is more risky investment than other sectors. If the cryptocurrencies were not so profitable, people would not pay attention. Over time, as the price increased, the number of those who were occupied with this business increased and the price increased. But, if we were to talk about the banks, for the first time, i hear a bank system like your country's bank.
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#JOIN
Bitcointalk username: Xardasim Forum rank: Sr. Member Posts count: 721 (including my registration post) ETH address: 0x00Fc2758c889EcaF5A787F5447928B7d5c78e50d
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Madz, I respect your decision. I may not be elected. But if I didn't say wrong, 5th week continued from 5 May to 11 May. Although some posts have been deleted in this interval, there are still 25 posts and i would like you to pay attention to it and count my posts.
Thanks
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In this situation if your coins go down along with the price of the big ones and if there don't have another choice, you should hold it. Another way, you can sell it for other profitable coin. I mean, if you lose another chance while you wait, you can make more profit with sell than hold. However, time to get the best coin is when the market is red.
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Hi guys , Do you think the whales are manipulating the markets ?? Has any one noticed that the current bull run that has been on for the last few weeks comes to a halt every time it reaches the 10 k mark and slides down . My theory is that whales sell at 10k and then create fud so market slides down only to buy back and pump . What do you think ?
Certainly, in crypto market whales manipulates price. Already, for that, technique analysis doesn't work in cryptocurrency. If the value of crypto market increases, whales will not able to do itt easily. You can not hear a pump-dump in Forex because the market value is very high and you have to own the world for pump-dump the price of any currency.
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