i have been trading and have some pretty decent returns in first week of january and huge losses later on.i think most of people here in same like me.i have been hodling my positions.
what are your ideas on increasing your btc portfolio?BTC
There are not many ways to increase your bitcoin holdings, you either buy more of it, invest in altcoins with the hope to sell when they go up, become a trader or you offer your products and services in different platforms and get bitcoin that way, besides that there is not much you can do to increase your bitcoin holdings the good news is the price is still cheap and you can get a lot of bitcoin in return for your efforts. |
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On 10th I bought these coins...
QLC 665.39235960 spent 0.04669735 BTC now value 0.02208817
DBC 3489.01913490 spent 0.11399558 BTC now value 0.04789097
UTK 999.14623990 spent 0.07351075 BTC now value 0.04367548
TRX 11704.11100000 spent 0.11480700 BTC now value 0.07415842
VTC 43.46405229 spent 0.01995629 BTC now value 0.01713204
MUSIC 6321.99316783 spent 0.04531524 BTC now value 0.02180519
If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.
How do you handle when you are in my situation.
There is not a definite answer, I am in the same position, one of my investments has been down for months but I still think the development of the coin is going great and I still have faith in the project so I have decided to keep holding my coins and not sell, but if that is not the case and you do not trust the coin can recover at all then it may be a good idea to sell and cut your losses. |
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Well.. Greed is essential in helping you to reach out more for profit otherwise, you would have settle with your little success. I think striking the balance and maintaining it is what is important as far as greed goes!
Do not be greedy, they will probably kill you at any time, set goals for yourself to achieve a specific goal, so it can be said that in business must have specific goals clearly , so I think we should be strong in learning who to go ahead and ask for their help. Business is never about greed. It is always about profit maximization and you have to work 20 hours out of 24 hours to succeed. Besides, you have to keep your cost as small as possible and this also contribute to your profit maximization motto. Having said that, one can later on do charity works as well upon achieving financial stabilities. And even upon achieving a financially stable state, you might never stop dealing in your business because the more, the better. Exactly many people think that business owners are greedy but most of them are not, they are just trying to maximize their efforts and the efforts of their employees so they get the biggest revenue possible with the resources at hand, that is not being greedy that is just being an efficient person, in fact if you do the same with your life in something not related so directly with money no one will ever accuse you of being greedy. |
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hey guys, Bitcoin is moving really dangerously to 6000/62000 price level.
If we break this level most of mining farms have to stop mining or continue to produce at loss...
this would be a really nefarious scenario!!!
who thinks Bitcoin will break psychological 6k level? what could happen then? any opinion or analysis???
Let the miners care about their problems since I will care about my own and I do not see the miners doing conferences to solve our problems, if bitcoin goes below its production costs then this means that miners will probably have to either switch to other coins or accept the lower costs and operate for a loss for sometime hoping their competitors are the ones that cannot afford to mine bitcoin anymore. |
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You started trading last May when it was a parabolic rise on the market for many coins and the whole market was booming until mid January this Year. I do not think Your loss is coming from that period. You have to stop trading immediately and analyse and try to understand what happened?
Where is this loss coming from, learn on mistakes and there are good chances to recover and become a good trader.
Correct the OP managed to lose 50% of his capital when the market was skyrocketing, that is quite a feat and something not easily done, if I was him then the only thing I would do is to stop trading and not do it again until I was sure I had improved my abilities significantly, someone with the skills of the OP trading in the current market will lose all his money in just a few weeks. |
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Hi all,
the recent bloodbath pushed me to start investing in the crypto market. My current position is approx. 33% BTC/ETH/EOS. What would be your recommendation for a balanced crypto portfolio for the next 6-12 months?
Thanks!
It depends on the risks you want to take, your portfolio is decent and if you did that yourself then congratulations however since I'm a very conservative person when it comes to my investments I will put at least 50% in bitcoin this may seem too much for some people but it is necessary to keep that much invested at all times just in case bitcoin begins to skyrockets again. |
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There are many ways to become a trader for me the only thing you need to do is first gathered data or have some research about trading you can watch some videos in youtube and study about trading.
Trading is very deep subject at first it may seem very easy to become a good trader but it is once you try that you realize how difficult it is so at first it could be a good idea to do some paper trades and only enter in the real market when you are able to get consistent profits in paper, if you cannot do that then do not even bother to trade in the first place. |
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Taxation is theft. "But who will build the roads" argument is really old and dumb, people are not some stupid monkeys who can't figure out things if no one guides them, there's nothing that can not be done privately and through voluntary cooperation (which is the same as privately). Roads, military, science and so on - all of it can and is done privately around the world. Government is exactly why Bitcoin was invented - you can't trust people with power and believe that they will do as they've promised, and even well-meaning leaders do stupid mistakes that cost billions. Just like Bitcoin have decentralized economy, some day people will decentralize power to the point when every individual will be independent from others.
dude I hate how my government is running the country too but how come you think that way? If you'll be the president of the country (and assuming you're not corrupt) how would you run the country without any budget? You think roads and military funds are the only ones your taxes go through? What do you think runs the home care for elders? Your health benefits? Stop evading taxatiom as it could help you someday bruv. Well, if you differ from his opinion you have all the right to do so, but where have you been? That opinion while not very common in other places is not that uncommon here, in fact if you read the comments and principles of the people that envisioned something like bitcoin many years before satoshi accomplished it you will see very similar opinions. |
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I'm in a fix! I took a quick loan to invest in a certain business that went really nasty. Used my only car as collateral. I only have less than a month to repay. In a nutshell, I need $5000 in less than 30 days. Got only $200 remaining. I know this is quite challenging but...I'm desperate. Any ideas on how to grow my $200? Cheers!
I do not know how you found the forum or what have you heard of it, but multiplying your money in that way takes a lot of time, even if you invested in bitcoin when it was cheap it would have taken you years to see those kind of profits and when the market is not moving that much and you are a complete newbie the chances you multiply your money are zero and the chances you lose it all are 100% |
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you should not be too regretful, take advantage of the existing situation, when the cheap price always try to buy coin and sell when the price is green and when it is getting the benefits and better you control your patience.
You can handle crypto regret by not repeating the mistakes you made in past. Keep looking at the market condition and start modifying your plan to stay safe. Keep the investment long term and stay optimistic by which I mean to say do not panic. You will be able to kill the crypto regret when you earn again big with your mental capabilities and market knowledge by playing the same crypto game. Guys forget about the past. Past is dead. Try to concentrate on the future and this will make you concentrate on your future transactions. You need to learn from the past lessons. Then you will be more responsible in your exchange transactions. Your post is a little contradictory, at first you say that you should forget about the past and then you say you need to learn from it, which is it? To me it is simple we need to learn form the past, it is not easy but it needs to be done if you want to avoid making the same mistakes in the future, especially in this market since a single mistake can become incredibly costly. |
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I made some changes in Terms and Conditions and also in Payments. Please read the Signature Thread again. I hope this is more suitable now  The changes are fine by me, now the only thing we need to do is to wait for the rest of the spots to be filled so the campaign can start. |
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 For all, who already wear the Ubcoin Signature;
As you can see above, we have a small bug in the signature; I have already renewed the signature. Please wear the new one, so that I can see, if everything is ok. Thanks for your patience!I have updated my signature. |
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Bitcointalk Username: Omega Weapon
Current post count with this post incl.: 1906
BTC Address: 1xjqAFFiTBmjKWJZtdz3nobzzXR5fVxG3
ERC20 Compatible Wallet Address: 0x75323ad82F18D523E81dD680Ea10d6Fb3b540B8a
Wear Signature Yes
Wear Avatar Yes
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This guy has lost 103 bitcoins he mined back in 2011 and then lost his wallet dat file similar to what I have done but wow this guy must be gutted the amount of money he has lost compared to me His Address 166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL Final Balance 103.20832384 BTC So many people have the same problem and I wonder just how much Bitcoin is stuck not being able to be used  He says "I used to mine Bitcoin back in 2011 and I lost my wallet.dat file (through several stupid moves on my part). It's got approx 103 BTC in it, anyone is welcome to it, I've given up trying." Those coins are completely lost and there is nothing to be done to retrieve them, it is impossible to know how many coins have been lost because there is not a way to differentiate between the coins that are lost and the coins that are held in long term storage by their owners, after all even if the coins did not moved in decades that could just mean the person holding those coins has decided to still not sell his bitcoin. |
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First of all I don’t think so that this will ever happen. Bitcoin being decentralized aims at eliminating intermediaries involved in financial transactions. This makes banks totally useless. Why would banks be so welcoming and friendly towards Bitcoin under these situations? Second, even if it accepts such deposits, it would not be very attractive. I mean I will not deposit my Bitcoins there as I can earn much from the market than a small, stable rate provided by banks.
If we have a decentralized currency and we have decentralized exchanges how long it will take until we have a decentralized platform to lend money with bitcoin? This going to be something complex but it will happen and when that happens all the possible reasons of why we could need a bank are going to disappear and we could stop using banks in a definite way. |
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never Litecoin won't be bitcoin. I don't believe in the potential of this coin. bitcoin is better.
Litecoin is a copy of bitcoin and no coin that is just a copy of bitcoin is going to surpass it, litecoin is great because in a way is like a sandbox of bitcoin, where we can test in real life if some of the updates we want to do to the bitcoin network will work, but litecoin will never surpass bitcoin because everyone sees that coin as the little brother of bitcoin and nothing more. |
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How much more fall is possible in price of bitcoins?
It is difficult to know exactly how much it can drop, I do not see the price dropping that much in the next months but there are several signals that tells me that the price of bitcoin may go down at the end of the year, I know some people are expecting the opposite and want a price increase but things do not seem to be going in the right direction for bitcoin. |
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We all have seen how bitcoin crossed $20,000 in December . When do you think this will happen again?
Not very soon, it seems many are expecting the price to recover significantly in a short period of time, and while I could desire the same I do not see it happening, there are still many coins in control of Mt Gox and they are planing to sell more of it in the market so if anything when that happens we can see a reduction in the price of bitcoin once again. Yes, i still believe bitcoin will reached to $20000 but to think when it happen, thats still a big question considering that the market are not yet stable and still continue to fall. Well, that is the big question if we knew when that will happen then we could become rich by just investing the day before and make a fortune in just a few days but things are never so simple we cannot see the future and the only thing we need to do is to wait until that day is reached but I really think it is going to take a few years before that happens. |
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In the past, I used to trade on a daily basis, but at the present time, buying and holding is the best way because the market is in the direction that I can not determine.
You can make more money by trading on a daily basis, but it is very difficult, many people tried to make money in that way and most of time they have been unsuccessful, this is one of the reasons of why I prefer to hold for the long term instead of trying to guess which direction the market is going to take because to be honest I'm not really good at that, I would have never predicted the bull run and the crash that happened just a few months ago. I agree that on a daily basis is very hard to trade, well, how do you think I have heard many times on the forum that you can configure the bot and it will slowly earn. do you think it's real? There are some bots that work and can give you profits but the great disadvantage of bots is that you need to be a good trader to begin with to know how to configure your bot and which cryptocurrency pair to trade so you can get profits, bots are just a way to automate some of your profit generation but they will never supplant a human in its ability to read the market. |
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While trading we have to follow few rules and without following those rules there is no way to be a successful one except a successful by chance. There are lots of rules of them greedy plays a vital role. While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a lessor.
There is nothing wrong with having a desire to earn more money in the market and in fact this seems to be something natural but the problem is that people let themselves be dominated by those feelings and then they are unable to evaluate the situation in a fair way so they blind themselves to the fact that they are taking bad decisions like investing in icos that are not going to grow at all and then when they realize their mistake it is too late. |
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