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If you're a bounty hunter and you earned good amounts of coins from the project that you been participating, don't dump the coin reward yet. You're not helping the community of the project, but making it more worst due to price will decline immediately due to panic attractions that caused other traders to sell early.
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I learned about forex trading since 2 years and during this periode is hard to earn consistent profit from it. I think crypto trading is more profitable than forex if we have risk management and do not greedy. And for stocks market is less risk because the volatility is lower, its great thing if we have knowledge to trade in different asset.
Maybe the reason you have not been earning consistent profit from Forex is because you never learned properly. I have been trading Forex for 9 years and still counting and I have made huge profit from it. It is the same profit I have diversified into cryptocurrency and making shit loads from it as well. The only market I have not really touched is the stock market, but I do not want to get my plates so full. Just have the knowledge and get a good strategy that works well for you and you will be able to trade any market without emotions and stress. For me I wil just have to focus actually on cryptocurrency trading and with forex trading, that might be a good but I don't think it could be profitable than crypto. With respect to how stock market moves it's demand through investments from people who also participated with the stocks exchange, it also have it own trend but not that volatile compared to cryptocurrency. |
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It is to no doubt that bitcoin has had a decrease in price in recent times (which is being represented in the chart). It almost broke the 6k support range, which was immediately regained. With this, i believe the market is heading in its upward direction.
We had many ways to have our own decisions on how to handle our btc in terms of down fall time. It so happen that price may go down or up so we may see a down trend again and let's observe the market to expect what we expect to do. But this year I also believe their is good thing may happen for btc price can increase again. May it be based in technical analysis or common sense, it is a possibility that btc will go upward. As of when, we don't know. It may go even downhill for the coming days but it will surely regain its upward trend. Much possibility and expectation it would happen within this year. |
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Some may have been given up but there are still loyal investors who are not leaving crypto. That's because they were able to earn in the past and still believe that crypto is here to stay. I also believe that digital currency will continue to be lucrative in the future.
This is merely part of the game. Even how much the price of bitcoin goes down, those who know and believe won't leave. It is understandable, that there are low points in the market, even if it is done by whales or not. Those who understand believes that the price of btc will be uphill once again. |
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Yes, i strongly believe that now is the start of bitcoin will rise again until the end of the year, i think this is a good indication and its going to be continuously will rise. Even the prediction of bitcoin is really hard, but don't worry and stay positive.
. Yes, what we can do best is to stay positive that bitcoin will finally hit the top. This isn't blind optimism. We don't know whether it will continue to go downward but we are quite certain that at some point, hopefully by the year's last quarter, it will finally recover. Patience will pay off eventually. |
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Like everyone else, I'm in Crypto for two major things, To make money and benefit from the innovative technology. (Making money is actually one of the perks for being an investor of blockchain any way). So I was drawn to Cryptocurrencies for those two major reasons. The fact that I am one of the very few people who is part of the next financial evolution is thrilling for me. And I make money while at it. That has been my motivation thus far.
Yes, it is a strong and thrilling possibility how cryptocurrency would be in the future. And being part of its development is very fulfilling knowing that it has potential to have a big role in years to come. That's a very intrinsic motivation which may be shared by people staying and investing here in crypto. And of course, the financial gain can't be taken out of the picture. We are investing because of profit in return. |
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what a year, wish I dump all the coin in late DEC lol
and today, spend the 100% from that capital and bought it again, so u still holding the same amount as late DEC while steady with the 900% profits..
Regrets is always at the end. but no one knows what would happen for bitcoin price as we all know crypto market is unpredictable. no one knows what would be the exact price of bitcoin 6 months after its all time high last December 2017. just use this as your learning experience to take profit when market is bullish or if your target price will hit. No one knows what the fate of the market will be. To regret is a very normal reaction considering such high peak last December and the condition in the present. We just have to be vigilant next time and not be highly driven by our emotion. |
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Some even asked how to use Bitmex or Bitfinex to short. They basically want BTC to go to $1000 so they can recoup some of their losses.
Basically they will lose money going both directions. Due to greed and emotion.
that's why most people are losing traders---they buy the top and sell the bottom. it's just human nature. at the lows, they think "it's dead." during the bubble, they wait because they want so badly to be right. then at the highs, they think "new paradigm" and buy the top. then they're too stubborn to sell/short when it crashes; they wait to sell the bottom. as much hate as the asset bubble chart gets around here, it's pretty accurate if you see it as a cyclical kind of thing. It suggests that it's already a human nature. It's hard to get rid of such fact as it's a primary reaction of a person to panic when the price is going low day by day. And think of buying when the price is high. It's irony indeed. The wise resort is to set aside the emotion from doing all the work. Let the intellect do instead. |
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Many traders are obsessed with the perfect trade, perfect technical indicators. Trading is the field of non-existent "perfect" words. You can have a very detailed plan, but finally be surprised by a crazy market situation, like a cold water droplets in the face.
Instead of trying to reach the perfect trade, change yourself to the market. Average predicted of you about market, average with another trader ( why not? ). You should accept fewer profit but you will lose less. You should sell sooner and buy later than your prediction. follow the market, because the market will not follow you.
There maybe no perefect trade, but for me there is a perfect timing of when to trade with the highest possible profit to be obtained. With proper monitoring on the market and good prediction, you can at least minimize losses and have a bigger chance of gaining bigger profit. The safest way to deal in this ever-volatile market is to learn to decide when a "right" timing is for trading. Yes, there may be rare or almost no perfect timing for trading but there are those right timings which can minimize the loses as one goes on trading. This can be done as one is knowledgeable enough how the market works or if not, it would better for him to work on long term trading as risks are comparably lesser. |
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I agree that unless you have the skills for short-time trading, long time trading in cryptocurrencies is a much safer option. And the main rule you have to observe is : DON'T BUY AT ALL TIME HIGH! The secret is to buy low and to sell high - and not the opposite!
Indeed, long-term trading is a good option when a lesser risk is taken into account especially for a new trader. Unless the necessities are already present for one to go on day trading, settle for the long-term while learning how the market works and wisely dealing up with the risk the world of trading entails. |
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Crypto is our future, and what is more this element makes people smarter and better totally. And I can earn here. So everything says to be here.
I join crypto because I find it interesting and income generating. Most all people who joined crypto are the same. We all want to earn extra income to help our family to make our life better than what we are in the present. To get out from being tied to poverty. And other than that I joined crypto because crypto is the future currency of the world. It is better to start early than being left behind of what is essential in the future. Yes, crypto has a possibility to be one if not alone currency in the future. I have heard about this kind of thing a year ago but I was skeptical back then. But it has already proven its worth so better try to work on its way. |
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Trading is difficult, and more if you are just a newbie and you do not know much how to trade, because you are going to lose a lot of money because of that, actually. The greed is the biggest mistake
Losing maybe part of trading but being a newbie is not a valid reason to lose, you lose because you do not know what you are doing, you did not research well in short you did not made your homework on what to do when you are still starting. We can always minimize our loses if we only know what we are doing. A new trader can be effective in trading as long as he is packed with the necessary knowledge and wise enough to not be affected by outbursts of emotion. Being a newbie does not excuse one from being too ignorant in trading effectively although experience is an important advantage. Information is already available in many resources and coupled with common sense, one is way to go in good trading. |
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I agree with the most of replies here. The most effective way to become a good and ultimately professional trader is experience. And it means that not all the time you are on the positive side and gaining profit. It also includes losing at some point but that is where effective learning takes place. So take all the patience and practice and you are good to go.
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Look no further, just check the price of Bitcoin for the past 3 years and look at the trend. I would buy some more while the price is still low.
People only care about the market's performance after they bought their coins, therefore they don't give a single damn about how the price has been going up throughout the last years. Their reality is that even if the price starts to go up again, it is still nowhere near any levels that result in reaching their break even point. The best thing they can do is to start buying the market down in order to break even faster, otherwise it's going to take long, very long. It's way more likely that they will end up selling their coins before they break even, because they for sure will run out of patience at some point.... True. I'm still in a positive side. The bitcoin's situation right now is "normal" when one tries to look for its trend in the past years. Moreover, this is a good time to invest more in btc. This will soon recover. We just need to be more patient as its price may rise or even fall down more in the coming days. |
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Unless you are a very experienced trader, I strongly suggest you not to do that.
Altcoins pose substantial risks, even in day trading: subpar exchanges, vulnerabilities of all sorts, poor liquidity that can damage your profits.
Greed is good, but I think you can fulfill it with bitcoin.
My two cents,
F1
Well said mate. It would be possible to gain more profit in altcoins with day trading but it poses such a big risk. Unless you are a very experienced trader, it will be hard for you to grow your profit with altcoins especially in short term. You may sell a portion of your btc for altcoins but try to set aside of it for long term trading. |
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If you look at the current Bitcoin price development, you can say that it does not look very optimistic. But from the long-term possession of bitcoin, the situation is mostly changing. Whoever owns bitcoin today can celebrate his decision in the future.
Because the price may exceed its historical maximum. I agree with the view to hold this cryptocurrency because of exceeding the $ 7500 value in the near future.
No one knows for certain when will bitcoin recover. In a short term view, it may move upward gradually but it is also a possibility that it will fall down more. But without a blind optimism, I'm quite certain that in the long term, it will finally recover. |
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Guys do you think bounty are campaign wastage of time because of we take particiapate in bounty campaign it take 2 to 4 month time the end up and after end the bounty campain it would distribute the token after more 1 to 2 months.
So isn't wastage of time? After taking token you dont know what is the value of token or it is available in exchange or not.
It won't be a waste of time as long as you are participating a legit one. This can be done through a thorough research on the background of a particular campaign. Above all, you are working decently while learning which is never a waste of your precious time. |
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It's really hard to get rid of these things in trading. I, was once a victim of my own emotions in trading. It's so hard to fight back against it. But try to step by step lessen those things. That should help it.
Being emotional as one gets involved in trading is normal. But allowing such emotion to take over the decision-making is destructive. Hence, one has to think wisely to minimize getting too emotional negatively. Experience and learning in trade have a huge role on this. |
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We all know investing in cryptos can't be a guaranteed that we always get good amount of profits because it will not always goes up. If there is just no emergency to forced us to used our funds then it will no problem. Btc price will definite go high as the years gone by and this is why we should make an investment in longer-term. Commonly, the reason why we should stay is because we don't want to lose our profit.
There will be certainly no guarantee when will btc pumps appreciatively ones again. But it does not mean that it won't happen. No one knows what day, month or even year. What's certain is it will climb up once again. Look closely on its trend in the past. There will be some sort of cycle on it; it will continuously on pump and dump state. |
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Cryptocurrencies came as a solution to give people a freedom from traditional financial assets and money. African countries have been enthusiastically accepting cryptos. We saw the example in Zimbabwe where people shifted to Bitcoin when inflation raised to ridiculous heights. Also, there aren't much online payment options available to African citizens, Bitcoin paves the way for online payment and hence, helps start online businesses. Moreover, Sub-Saharan Africa suffers from a high proportion of unbanked citizens, with 66% of the population unbanked as of 2014. I see cryptos as the best solution to African countries and adoption is also increasing there.
True. But it's also a fact that as some countries are accepting this currency, there are also some which are banning it. But as time goes by, and this new world of cryptocurrency will continue proving its worth and more people will know and utilize it, there will truly be a promising future for crypto. |
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