Both trading bots and also human trading will also require some errors.
It has its own positive and negative sides.
however, so far, I prefer to use my own thoughts and activity on trading.
However, sometimes, utilizing a trading bot that is trusted and reputable can also help.
So, although we use trading bot, it also still needs our attention in order to manage our money and also trading activities. But it can help us probably moreover when we are asleep.
manual trading using one's own mind will indeed be better, where we can control our emotions and all analysis which not only affects profit seeking, but this will also affect our attitude in real life. On the other hand, trading bots also have advantages, but we must be careful in choosing the recommended bots that we will use, because of course all of them claim to be the best. |
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Easy to say, hard to implement, it's the basic principle but nothing more than that. It's only theory, and it's hard to conduct in practice. I've traded for quite a while and was successful in most of my trades, managed to make a decent profit each time. However, most times can be unpredictable, and if you're not careful enough, you'll end up losing more in the process. mistakes made, are something that can be corrected at a later time of course after we analyze it properly. there is nothing that we immediately know and can do well, of course it needs a process, as well as trading in crypto. as long as we continue to learn and correct any mistakes that may occur then we will be able to make a change in all actions and it takes a process and I agree with you that it takes a long time to learn and needs to be quite careful in all actions, because it can make us suffer a great loss. Therefore, there are many benefits that we can learn in this forum, by studying other people's experiences, we try not to do the same thing, and if we make mistakes, we can quickly understand the mistakes that we did too, so that in this way it is hoped will speed up our process to master trading |
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In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.
It's not about physical vs digital currency. Fiat money is mostly on digital form already, it however isn't so easily transferable as digital because it runs on centralised bank ledgers. In order to decentralised currencies to become threat to current system, they would need to be accepted widely as possible, even more widely then any fiat money and i can't see that happening any time soon. Fiat pairs is the reason why regulators are even interested in this. Or why they can and should interfere. In fact physical currency is way more untraceable then most digital currencies so i wonder why people want to get rid of it so eagerly.It's likely they haven't really look into the disadvantages or don't understand the implications. .. Maybe they are more focused on the advantages or don't even know that it has really serious disadvantages. If the physical one is eliminated it's going to be way too risky to use money because centralized (and virtual) currency would be preferred by tyrannical government. Such government will likely not be confortable with well decentralized currency system. Besides, a well decentralized cryptocurrency would allow users print their "coins" on physical things and use them like physical money. right, if at the same time eliminating the physical, then it is possible for now it seems the world is not ready, there will be many obstacles that will occur. but by giving him a little space can identify deficiencies and can correct them before they are really deemed worthy. but what they are facing is the government, which they seem to be comfortable with the current system |
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EL Salvador is a country which has got population of about 7 million. It looks like an easy thing to implement the usage of cryptocurrency and legalize the same. The country has the low per capita income. After the adoption of bitcoin, if there is increase in the per capita income then it will be a big success for the country. The small country is much affected by volcano and natural disasters. For a country like El Salvador all that required is the usage from the low level people.
This is not a good argument in my opinion. There are highly developed industrialized countries that have a similar population, for example the Netherlands or Sweden. Moreover, Bitcoin or cryptocurrencies are independent of the number of participants in the network, so it doesn't make sense to argue that this would work because Ecuador is a rather small country. it can be said that adoption by many people will have an influence on bitcoin, especially for developed countries even with a low population, then they will be able to also have an influence on bitcoin. elsalvador seems to be an example, but because he is not a developed country then I don't think it will have a big influence on other countries |
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As an asset class, bitcoin is doing its job well enough.
It's a long term store of value, and not a short term store of value. If you want a short term store of value, look no further than the fiat that you are holding - it is guaranteed to hold a part of its value each day but also guaranteed to decline in value each day.
In that sense, regardless of how much short term price action is going on, as long as in the long run bitcoin's supply cap is not broken, it is doing its job.
to see the results of bitcoin we really need a long term, so that later bitcoin will be in accordance with what we have expected. with current evidence where bitcoin has shown its class so that more and more people believe in it, and if this positive sentiment continues then it could happen that the government will consider it more, so that bitcoin's function can be fully achieved |
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Stop loss is commonly used for every trader, it is used whenever you want to limit your loss if the price will keep going down. You have to set the price and if the price goes down continuously to the point that it reaches the value you have settled then it will automatically be sold. You can use stop-loss if you are going to sleep so if ever the price crash you can still save your investment.
Yes it's really a life saver at one time I bought a new coin that pumps and dumps to around 70% luckily with the stop loss I managed only to lose around 10% only because of the stop loss. You can try to take a look simple tutorial on youtube on how does stop loss work, it was really useful. stoploss can help us from bigger losses. maybe as a picture like this. at this time the market is not running according to our analysis, and we set a stop loss at a certain price with a loss rate of 10%, so that if the market touches that price, our transaction will automatically close itself. so that if the price continues to fall, then we don't lose more money |
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daytrading is really tiring, many people will feel not suitable doing daytrading but holding is also for people with patience, but if im to choose maybe i prefer holding because its not as tiring as day trading and with holding you can also play nft games and earn from there. while daytrading will make you busy all day long, but day trading also can be really beneficial for people who are good at it and enjoyed it thats why many people keep continuing doing daytrading for profit.
not everyone can do dayly trading well, even I say maybe there are still many who are still learning here. it's different with holding, which many people probably do. but for those who want to get results every day then day trading is indeed the answer. Therefore we must continue to learn if we want to master it |
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Trading is more than a game because it needs your time, effort, patience, knowledge and capital. If you don’t know about it, you’re bound to lose. Trading is enjoyable but risky. So, be careful if you are just new in trading, learn more to gain knowledge so that you can also earn profit and not losses.
everything related to crypto is clear and certainly there will be consequences depending on what dicrypto does. trading is clearly the most time-consuming and energy-consuming as well as funds that need to be prepared, patience in trading and accurate analysis is needed, but loss / loss in trading is a natural thing and from there we can learn not to make mistakes again. if ordinary people may see trading as easy, but after doing it yourself in real, of course you will feel scared, heart exercise, until you are happy all mixed into one. but that's trading where we must have knowledge before getting into this business, because this is not gambling |
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Yes you are absolutely right now I think it's bullish, and the current market conditions are very pleasant, whatever coin you buy will be profitable, because the market conditions are very positive bullish, and bitcoin can touch above MA200 it's very good to buy and wait until the bitcoin price over $50,000. let's party again when this is a bull trend until the end of the year.
especially for those who have started buying when this thread was created, of course by now they are already having a party. but indeed I remind you not to be greedy, at least we have earned quite a lot of profit at this time and can be harvested some of the assets we have, so that our psychology remains calm for now |
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There's a lot of ways you can achieve passive income thought the annual percentage yield or APY is not that much. You can try staking which only around 10%-20% or lower but you can try yielding farms though they are very risky, another option is Mining however due to the high electricity rate, maintenance and the cost of the equipment you can only earn in long term.
I think mining is a solution to get passive income, even though we need capital, but believe me this work will last a long time, so there is no need to worry about the tools and costs needed, at least we can cover the operational costs for each month including electricity costs and still get profit |
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Hello there,
What do you think about the altcoin season in summer and autumn?
There are a lot of factors telling us that BTC will grow much higher according to the fresh news:
Amazon,
Google,
Facebook
Tesla.
And a lot of other positive news for crypto.
Nevertheless this market is so speculative and unpredictable!
maybe you could give me your piece of advice and share your opinion about a situation on the market?
My advice for everyone here, we shouldn't lose hope while the altcoins market still struggles to and suffer during volatility stage. Though we experienced secral drop don't give up and someday we will be able to see our coins soaring at very profitable value. It takes time to develop a certain token price, with this our emotions will be challenged so much. My advice for everyone here, we shouldn't lose hope while the altcoins market still struggles to and suffer during volatility stage. Though we experienced secral drop don't give up and someday we will be able to see our coins soaring at very profitable value. It takes time to develop a certain token price, with this our emotions will be challenged so much. |
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Because of COVID-19 everyone was forced to stop working and stay at home,
There is no funds to support daily life. Everyone knows the cryptocurrency market. The demand for cryptocurrencies is gradually increasing, but this has also led to many scams.
Some novices do not know how to distinguish between good and bad projects, and blindly invest in them, resulting in the loss of some funds.
Be cautious when investing. Being responsible for your own money means being responsible for yourself.
a beginner will not dare to invest in a project. I'm sure as stupid as a beginner is, he will understand that an investment must have risks let alone invest in cryptocurrencies. take part in airdrops and bounties and after that sell the coins they have for cheap, that's what a beginner does. but there are also beginners who dare to invest in fomo because they are afraid of missing the moment so they don't think about the risks that must be faced later. this is because of the influence of friends or reading the news where crypto is busy. especially during a pandemic many people want to make money even from home |
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I am so grateful that I have food and Bitcoin.  We have the same fate. I am also earning thru swing trading. Whatever our circumstances, always being grateful is a calming thing, if we are grateful then everything becomes easy and according to plan, if we fail then rest assured that there is another way to succeed, I am also grateful for knowing bitcoin, investing in ICOs and trading so it helps a lot with my needs. right, gratitude gives positive energy to our minds so that if we always feel grateful every day then whatever burdens in daily life can be done with a cool head, so that whatever we do will feel light to live it. this is very useful when we are trading, because a calm mind is the key to success in trading ... |
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It is very possible to reach that kind of world. Although it looks very far away now, the world created by the Creator should not be like this. The evolution of human beings on earth will definitely realize our ideal world, and a world like heaven will come true. It just takes time and needsThe lead of a big event.
Currently too many people are greedy and don't care about others, their wealth can not run out up to 10 generations but they don't care about people who are hungry, poverty seems impossible to disappear as long as many people are greedy and do everything they can to get rich. but there are also rich people who carry out social actions even in fantastic numbers, because indeed they (the poor) cannot be given just one help, indeed this becomes complicated, when we give business or work to them, but not all of them have the enthusiasm to change his life, so that it seems impossible to exclude the poor in a country |
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But the logic is very simple. Buy low and sell high. But the reality is not that easy. When the price of the coin drops again, we should buy it, but we are afraid because we think the price will go down again. Conversely, when the price of a coin has gone up high, we buy it with the belief that this coin will go up again. So it's actually our mental and mindset that we have to change. So that we can be successful in investing and trading.
people who do not have a target will feel fear like you said but for people who have a target are not afraid the price of coins will drop after they buy because they can hold it in the long term and the coins purchased are not all coins but coins that have future potential such as eth coins and bnb coins. coupled with an understanding of cryptocurrencies, it will provide peace of mind when price fluctuations occur. therefore we must be aware of the nature of bitcoin fluctuations so that there is no panic selling. besides bitcoin, of course, eth and bnb are trusted altcoins that have large capitalizations, so they are worth investing in |
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Since it was developed, bitcoin has become one that has given people an opportunity to learn about how to manage finances independently, specifically and separately. The single entity represents the ultimate financial freedom it can bring to the human world. From which people realize a civilization of money, culture of the new world. That place only provides and serves the future interests of people - by people to manage their freedom. It helps people realize the light of the future lived by freedom.
a change in civilization may be coming soon and we are at least grateful to have known it first. especially when it can make a lot of money. of course we are ready when that time comes and we have enjoyed our hard work so far to collect cryptocurrency |
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bitcoin has the highest trust because the profits obtained from holding bitcoin in the long term will provide very large profits. if we make transactions then no third party will interfere in the affairs of sending bitcoins. besides that bitcoin is the first Cryptocurrency to be created, therefore the level of one's trust in bitcoin is very high.
I think the factor that makes bitcoin the most popular is because there are many companies that invest and develop bitcoin, besides that all exchanges always offer bitcoin for trading options so that they become the first choice of traders. that is one of the reasons, on the other hand there are many scattered investors or even individual investors who trust bitcoin and invest in it. there are also new investors who are starting to invest. On the other hand, countries are starting to appear that legalize bitcoin, and I think there are still many supporting factors. even news is one of the factors that can affect btc |
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Defensive trading is all about our emotions, and if we're not strong enough to handle every circumstances that might be arising once you're struggling to come up with sustainable gains. Some traders often become emotional so they're going to be panic. Most important in trading is to keep your coins intact and don't dwell with shorts and quick trader to avoid losing much money.
if in trading we are not stuck short, then do we not use stop losses, even though it is very important to cut losses. I think a good defensive strategy is to cut losses when getting out of the support area. Therefore, if we continue to maintain losses, it could be that our emotions are not maintained and later can panic sell at bigger losses. As traders, of course, we must be able to keep our capital safe, because there are still many opportunities later |
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My advice is that a newbie should start from investing, and only a little capital is used for trading, so I don't think you will experience a big loss. sometimes there are many novice traders who want to immediately get a lot of money without being based on sufficient knowledge. that's what causes emotional control in trading
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The pandemic conditions have limited the space for interacting activities for everything so that the graph statistics of the drastic economic decline of several countries. But on the other hand, this pandemic has given full time space for crypto activities for the purpose of improving the economy has fallen during the pandemic, people have turned to traders and investors' jobs and will probably continue even though this pandemic is gone.
besides many people coming to cryptocurrency because of this pandemic, we can see more and more youtubers with various content. but frankly for me only from this online work can make money, although sometimes many projects are scams and ultimately don't pay, and I consider it just a risk |
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