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#Authentication Post
Type of campaign: Signature
Bitcointalk Username: pundit
ERC20 wallet address: 0xbfdebf87cd9a51ba9b88bb1ee0480b1bb9fc5a99
Will change avtar and signature once accepted.
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There are common reasons why traders fail in forex.
1. Most of the brokers offer high leverage and most of the traders chose high leverage trading.
2. Most of the traders do not wait for the right setup (do not have patience).
3. Most of the traders do not put SL.
and last but not the least, traders start fighting with the market when SL gets hit (If it was put).
Traders should always trade with a proper planning and should accept whatever market offers them. Try to win the market with patience instead of fighting with it aggressively.
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the more difficult my day on trading day, some speculation and predictions that I make are always wrong, and to get profit now it is very difficult for me to get it, are there any other ways and ideas for me to increase my trading, so that I can get a little benefit , please advise and input by the big traders here or those who have more experience in day trading?
In current scenario it is hard to predict the crypto market, most of altcoins are either dead or have little movement, so I do not recommend to do day trading in crypto. If you are interested in day trading I would recommend you to go to forex market. Below are few tips to do day trading in forex. 1. Always trade in the direction of bigger TF. 2. Chose an entry point on lower TF. 3. Always trade with SL and TP. 4. Do not risk more than 2.5% amount of total capital in a single trade. Follow above rules and practice on small account, success will follow you for sure. |
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Why only Brett Sherman, I think many countries, big banks and other financial institutions are behind Bitcoin. There are so many hypes being created in the market by these big fishes but Bitcoin is still surviving and trading at a very good price. We just need to get together to support Bitcoin bring it to the scope of common people. I think there is nothing to worry about it. Lets take Bitcoin to another level.
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Its easy to narrate or study trading rules but very hard to follow. I have personally experienced it. I do not know whether anyone else has the same problem as of mine. I am trading forex since 2011 and know most of the rules to be a good trader but still whenever I start trading I lose control over it and take high risked position resulting a big dd or losing my account. It is better if someone remains stick to rules whatever he decided else it is better to sit aside.
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For me ETH is the most potential coin to invest in currently. Aside to all other coins mentioned here BNB cannot be ignored as well. Most of the projects are still being launched on ERC20 network means people still believe that projects on ERC20 blockchain can attract more investors. I personally prefer ERC20 network for transactions due to its speed. Transactions on Bitcoin blockchain takes some time where as ETH network is very fast, current price of ETH is another reason to invest in it.
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Although Bitcoin is the most expensive cryptocurrency and the most profit giving asset of this decade but still common people are afraid of buying Bitcoin. The reasons are :
1. Bitcoin is not regulated and most of the people treat it as illegal asset.
2. It is very volatile in nature, due to this common people are afraid of investing into it.
3. People are still not aware of blockchain technology and its benefits.
I think it is still needed to educate the common people about blockchain and cryptocurrency.
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The main reason behind rejection of Bitcoin by any government is its decentralized nature. As Bitcoin is not under anyone's control its difficult to trace any transaction carried out in Bitcoin and I think this is the reason where most of the governments are afraid of accepting Bitcoin into their financial system.Although legalizing Bitcoin payments may attract a good income to any government but risk of crimes like money laundering will be increased.
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I recently purchased bitcoin, it was the most I have ever put into a cryptocurrency.
This is going to be a long term buy, This was taken out of stock money,
Now that I have done this I feel more excited about
where bitcoin is headed than I do about stocks. Now I feel like I should take more out of
Stocks, Feel there’s going to be more return this way. Thoughts on this am I getting carried away
Perhaps you have taken the right decision by investing into Bitcoin at this point but I suggest you not to get much greedy. As you said to pull out money from stock and put into Bitcoin, remember Bitcoin is very volatile, it can increase your capital many times but the same time it can decrease it within some days, it is OK if you can afford to lose your invested amount. Take risk as per your appetite. All the best. |
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I do not hold bitcoin as of now but I must had put my Bitcoins into trading if I was holding any. You can trade with many brokers currently with BTC as base currency, its benefit is you can make profit slowly and if value of Bitcoin rises, it is like ice on the cake. Inexperienced traders can opt other things like lending their BTC on interest. Other traditional ways are to invest your Bitcoin into real estates to earn rental income or in any other traditional business.
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Its hard to believe any project in cryptocurrency until some strong regulations come into pictures. Projects even running successfully for some months are turning into scams. There is long list and still counting.Cryptocurrencies have high volatile nature so only an amount should be invested which one can afford to lose. Any big coin can shrink anytime, always invest safely.
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There is no any sure shot way to get profit out of trading. Some people trade with TA and many people trade based on fundamental analysis, some people trade with levels only. So its up to you which method you are interested in and want to follow. Its only the experience which can make you win the market. First either trade on demo account or open a small account, try to trade in the direction of bigger TF, learn about TA and money management, success will surely follow you.
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It is true that we should take advantage of volatility instead of waiting for bullrun but trading is not for everybody. Most of the people lose in trading thats why people like to hold coins for a long time to get good return on their investments. If crypto market is going to survive then bull season for BTC and altcoins will come for sure but it is hard to tell when would it happen. Lets wait, there will be change of wave soon.
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Losses are the part of trading. Honestly speaking I have lost ample to my capital in trading. Even today after an experience of 8 years in trading I lose many times when I break the rules. Trading is not about losing but its about being disciplined. If a trader trades with discipline he/she can avoid losses and have more winning trades. Losses can be reduced by planning a trade and be disciplined in executing it, accept what market gives you, do not fight with the market.
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Plus token dumping ETH may be the reason for price drop of ETH but it cannot be the only reason I believe. Even BTC was dumped but it recovered whereas ETH could not recover. Personally I will be adding more ETH to my wallet if price drops. I trade forex with ETH as base currency and want to grow my ETH, it is a potential coin for me which must recover. I am not expecting ETH to go below $100 this time.
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With what I can understand what altcoins are now wasn't what they were before, it was more productive, more realistic and made getting on board cryptocurrency more diverse you don't always have to base on Bitcoin.
But the problem now are different. Everywhere is filled with altcoins the more populated it becomes the More exposed it is to drop in utility.
While all this problems are happening to altcoins we also can part of this issue. Shielding, advocating and support project that are clear to fail for any financial gain or so on.
By standing with those sort of project you can
+Get investors scammed or regret why they invested
+ Lose your credibility as a cryptocurrency enthusiast
+ Make the altcoin sector become a total joke
And many vices.
Let's become more responsible with our action for a good course
That is true, promoting any scam project can reduce credibility of any crypto enthusiast but the prime concern is how to identify the scam projects. Every scam project poses as worth investing in the beginning, a good team, a good roadmap backed by a good concept, it attracts many investors and then run with their money. There must be some regulations to stop these scammers. Noone wants to promote a scam project but identifying it is a big concern always. |
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Stop loss can frustrate you sometime but it is definitely a life saver. Sometimes it happens that after eating your SL market move in the same direction you wanted but manytimes it happens that if you do not put a SL, market keeps on moving in the opposite direction untill it eats your account, so accepting small loss is always better than to risk the whole account. The best way to keep SL is few pips away from swing high or swing low. I hope it helps.
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Scammers are actually smart else they cannot get even a single penny from anyone's wallet, its we who need to be more smart than scammers. I think with the evolution of IEO scam projects have been controlled a bit but it still need more filtration. As mentioned somewhere in this thread that scammers are now hiring a good team and even investing on their marketing part to lure more and more investors so it is difficult to identify them in the beginning there must developed something to filter such scam projects, the crypto community really needs to do something for it.
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Everyone has right to express his/her opinion till it hurts someone. Your views about Bitcoin may stop you to buy it but many people still think Bicoint is worth buying. This is only the investment which can grow multiple times with time as compared to any other investment, of course the same level of risk is also involved. I am still in favor of buying Bitcoin at dips, Bitcoin still is widely accepted and it number is continuously growing. Its only the demand which decide anything's price.
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Anti-money laundering (AML) regulations may sound bad to cryptocurrencies but it is very important to stop money laundering that can be used in any terrorist activity. Some regulations is really required to control all these things. There will be not illegal transaction after the implementation of such bill and I think it is required in current situation. This is world is full of criminals, we need to get transparent to every financial activity we do.
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