Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?
Trading is not money making machine where you getting only profit without risk. I think it's their non sense thinking they will get quick rick in trading, It's really difficult business when you will start live trading but its also lucrative who are experienced and they know that how to control their money management in trading. |
|
|
|
I saw something on a friend of mine iPhone I was amazed, this guy has 3 pieces of bitcoin but he didn't look it when you look at him with mere eyes, I ask him how he has come this far, he told long ego he was seriously investing on all kinds of coins with little amount of bitcoin but then most of those coins help him to realized enough amount to buy more bitcoin because that was his primary target. He normally buys those zero value coins when they appreciates it will be enough money, and that's how he convert and swag all to bitcoin and today, he has 3 piece. Is good to be diversified in your investment, somedays something good will come out of one you don't expect.
Your friend did well on buying those zero value coins. I personally think it's a big gamble to buy those knowing that most of it are abandoned tokens and has no community left behind that's why it stoop at that price. Maybe your fries is just so good in speculating coins and has a great luck in scoring profit in those kind of coins. I once tried this strategy but guess what, all the coins I bought before was still on my wallet which becomes unsellable because of how long it sat on my wallet and the market never gave me a chance to sell those. He was lucky guy so that he got profit from dead tokens. Yeah i also tried this technique in 2017 when i seen there are lots of almost dead tokens increasing x10-x20 then i decided to buy some tokens but after 1 year holding i see that most of tokens are delisted from exchanges, it was my biggest lost project. |
|
|
|
|
I 've experienced in both of CEX and DEX, I realized that both of advantages and also some disadvantages. CEX is my favorite, i can trade with varieties of coins, which missing in DEX. CEX is too risky if exchange will get hacked and they can sell our personal documents, those will not happened in DEX.
|
|
|
|
|
Such predictions can give anyone but it is not like that those website will give 100% guarantee but Bitcoin is top cryptocurrency and it's have many history to price goes skyrocket. Before holding in a centralize exchange you should buy a hardware wallet because Coinbase is a custodial wallet.
|
|
|
|
VPN won't help you much trust me, if the security agencies of your nation wanna find you; VPNs can't do much.
I sincerely think that running a dedicated tor node for the purpose will be better than spending money on VPNs.
Why not possible to hide my Ip address? So many premium VPN company still provided such opportunity to keep anonymous, there are no problem to use crypto even also you are not belong in any crypto friendly country, if government did not monitoring that. You can use TOR browser here your browsing history will be encrypted. |
|
|
|
|
"Lack of money" it will be correct for me. I was holding Bitcoin for multiple times but i can't tightly hold it end of the day due to my financial problem, I have to sell Btc to fix my problems, It is the true fact of why i am not holding Bitcoin.
|
|
|
|
|
KYC can be required for accounts as i can say specially centralized exchanges will ask KYC (for low amount trading still you can use some exchanges without KYC) but you do not need to KYC for non custodial wallets, It can be hardware wallet or software wallet, your assets will be safe.
|
|
|
|
|
I liked your idea although it will not be familiar in my country due to it's use is prohibited, I have not seen available Bitcoin related comics books in online shop or any physical store, a couple of months ago i see a comic book in Amazon but i can not remember this book. You can check out here.
|
|
|
|
|
Job and Bitcoin these are not same thing, Bitcoin can help you to get extra income source beside your job, so it will never a carrier in your life,
And i think you can not depend with Bitcoin as like your job, Because your income will not guaranteed here, also risk involved in Bitcoin investment.
|
|
|
|
|
Yeah after long time i see Litecoin is showing big pumping and i am surprised to see that now it's top 9 position in the coinmarketcap data.
But do not think that Litecoin is able to outperform Bitcoin it is never possible, Bitcoin marketcap is 593 billion dollar vs Litecoin 8 billion dollar marketcap, you can see that a big difference both of coin.
|
|
|
|
Ethereum is currently known for its expensive gas fee, even though in 2018 Ethereum became the top no. 1 blockchain platform,
but after BSC appeared, of course BSC is more attractive and cheaper.
I hope that the gas fee on Ethereum can overcome the problem because live is very dependent on it.
Have to agree that Ethereum is the high gas fee network in this time. But also you can not deny that still Ethereum is the number one platform in altcoins in terms of several cases like the most using network. Binance Smart Chain getting popular for their cheap gas fee. |
|
|
|
|
Ethereum is the top popular altcoin all of the time and it's most reliable coin after Bitcoin. I have holding only in Ethereum from your mentioned coin list.
Doge will not be potential coin in your long term investment, if you have extra money then you can take risk to invest this coin.
|
|
|
|
|
I do not think Bitcoin can be considering as a gambling; it is mostly renowned digital currency in the whole world now it is widely used.
But unfortunately in my country BTC is popular in negatively because of the government promoted it as a illegal currency, they think if no regulation in Bitcoin by any country so it is too risky investment. So that it is kind of gambling for the government or the policy maker of the country.
|
|
|
|
|
BTC vs Gold, both have advantages and disadvantages, For example: If i am comparing risk then Bitcoin is risky investment if it's volatile, on the other hand Gold is 100% safe i think because there no chance to massive decrease it's price i did not see in the last a couple of years.
If BTC is risky so it's also big profitable investment but gold increases very slowly.
|
|
|
|
|
Show Posts
