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January 17, 2020, 08:19:11 PM *
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1  Economy / Speculation / Re: When is the perfect time to sell BTC? on: Today at 05:21:09 AM
It is subjective, all of traders have different strategies in terms of selling. I oftern using trailing stop and target profit. What is trailing stop, it is the time where the upward movement is finally over and I will cut my position. Target profit is about I setting up a potential rewards which is most likely between 10%-20%. It depends on you when is the best time to sell bitcoin. The most important is we should make profit and not losses when we sell our bitcoins.
2  Local / Pilipinas / Re: Paano tanggapin ang pagkatalo sa trade (Bawi tayo mga kaibigan!) on: Today at 04:06:41 AM
Para saakin okay lang na matalo ako sa mga trades ko, pag natatalo kasi ako alam kong may dapat akong baguhin o dapat iimprove sa sarili ko. Sa pag ka talo natin malalaman natin yung mga kamaliaan na dapat nating malaman para hinde na ma ulit sa susunod. Lahat ng traders ay natatalo, nasaatin na lang kung paano natin ihahandle yung pagkatalo natin.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin Daily Living on: Today at 02:44:57 AM
Bitcoin is the simplest as a payment method but for a small transaction the cost or fee is extremely expensive comparing to another payment system such a PayPal. I think this is the reason why people still don't want to use it, there are so many options for payment method right now, bitcoin also is not accepted widely due to the popularity or government regulation, people in other countries can't use bitcoin for payment/currency it's against the law, so far fiat still the best choice for everyone whether using PayPal, debit card, etc.
Well particularly it is because of the high volatility rate of bitcoin. It could even be the reason as to why transaction fees are very high. Small merchants just wouldn't take the risk that high price fluctuation could cause them. This can be solved by bitcoin achieving a stable value. which by now is kind of farfetched, but still highly possible in the near future.
Bitcoin really needs a lot of improvement maybe it couldnt run today in such a good and excellent way but as time passes by I believe that it will improve. And also as long as we are here we can help the crypto world to improve. What we cant change is the coin's volatility because it is virtual money and we what we are talking here is about the demand from the stock market.
Every digital currency need improvement to better and very safety by accepting as legal currency payment where have guarantee for buyer and seller more safety by using bitcoin as legal currency payment way on the future, but before bitcoin become legal transaction have update new feature way where make easy when using bitcoin as payment transaction.
But I really dont think that the bitcoin can replace the fiat as a national currency because of its volatility. Instead of helping people to lessen the poverty, it will more drive the people to poverty because of its volatility. And also there are a lot of things that the fiat can do but not the cryptocurrency like for example money lending. In the traditional bangking we can lend money with interest but in crypto world we cannot lend money.
Merchants are afraid to volatility and that is why they are still not adopting bitcoin as currency. The price of the bitcoin is keep changing and it is hard for them to compute their total sales and also the losses that they may occur. Fiat will be the best to use in terms of payment because all of the merchants and business are willing to accept it.
4  Economy / Trading Discussion / Re: What are the general issues/problems do traders or investors usually face during on: Today at 01:34:47 AM
A new year and new hope of adopting blockchain and cryptos around the world. Millions of traders or investors are on this Digital Asset Market already.

A good number of people are coming on this market everyday. What are the challenges, regular issues or problems for the traders or investors during investing? Security, High Risk, Scammers, Hackers etc. can be the problems. What do you think?
I don't think you have to worry that much abut scammers in trading if you use a reliable platform. Don't put your money in sites that are new or recently launched unless it is backed by a person that is known in the world of Cryptocurrency like when Binance was launched I signed up right away because of the back ground of CZ. Next would be there are too many coins out there to focus your sights. One would always say go for the top 3 in CMC but its not always like that.
We should use an exchange that is trusted and have good reputation in the market, we will be vulnerable to scammers if we will use newly launched exchanges. Focusing on high market cap crypto can help us to buold solid portfolio, there are shitcoins out there and we should ignore it because the risks are too high and there so volatile where we can easily lose our money if our portfolio consists of that kind of shitcoin.
5  Economy / Trading Discussion / Re: WHICH CRYPTO MOBILE APPS DO YOU USE? on: Today at 12:30:36 AM
There are 3 types of mobile apps that I have in my smartphone that is related in cryptocurrencies. The first app is the blockfolio which the purpose is to monitor my trading portfolio andn and also to put my current watchlists. The second is the two wallets that I have which is for storing my bitcoin and also my altcoins. And the last is a exchange and it is binance where I can trade even if I'm not in my home.
6  Economy / Economics / Re: Where's my free money? on: January 16, 2020, 07:33:57 AM

Definitely! Everyone can predict but not precisely. Even I can give you my thoughts about bitcoin movement for couple of days and even a week or a month. But I can't say that it is very accurate. That's the reason why I am not also depending on my own ability because bitcoin is volatile and anytime our would be dissappear.

Almost everyone of just have our own prediction in the market, and for sure we are all positive that the market price especially Bitcoin will be positive. So, if we lost money last year, let's make sure that we will earn this year by learning thru our own experience and of course by constant studying with what we need to learn more.
Anyone can predict but the thing is there is very low accuracy because we are just guessing. But if we will forecast the price through technical analysis we can have idea to its future direction. Most of the losses are because traders are mostly believing to the prediction of certain influential people. Ignorance is still the reason why they are believing to them that can lead to huge losses.
7  Economy / Economics / Re: Big risk ,big results. on: January 16, 2020, 04:30:58 AM
not only trading with big capital, I believe the main thing in trading is capital. but the other main is skill. analysis, information. You are right. big capital will make big profit. but small capital is also capable. make big profits. as you say, if someone is skilled. Even small capital can make a big house. so in crypto, there's no need to be surprised if someone can buy a big house. nothing is impossible with crypto. Grin Grin

therefore, crypto trading is not intended only for rich people, because even people who only have small capital, they can still trade in this market. so. basically the big capital will only be done by those who already have higher self confidence, because it is impossible for those who don't know anything about crypto to spend a lot of money or large capital in this market, and when that happens there will only be regret at the end, be careful
Trading is not for everyone, there are set of skills required in order to trade. In trading, we should have high patience where we can have the time to wait in the perfect moment to buy and sell. Ability to read charts are also required, a trader should interpret what kind of trend it is or the interpretation of the candlesticks. Trading is for people who have prior knowledge in order to able to understand the market.
8  Economy / Gambling discussion / Re: Tricks and tips for esports betting on: January 16, 2020, 01:19:05 AM
ESports is a very wide-ranging issue, and if you want to bet on it then you should choose a game that you fully understand, I have some tips for you and this tip is the core part of what you need to know before you place your bets, when it comes to betting, you should always know what's better and what's the advantage, in eSports you'll never know who's going to win, MOBA games are one kind of game.

"A game that you fully understand". This quote is from fravia, it is what should remember when we are betting in Esports. How are we going to win if we do not fully understand the mechanics of the game? I also betting in Esports but I always making sure that I know what I am doing. Team play and individual skills of the player are also important and we should consider it.
9  Economy / Speculation / Re: Can one have any expertise in Speculating? on: January 16, 2020, 12:17:27 AM
There are many types of speculators, some use the Technical Analysis a lot, some the Fundamental, there are others that mix both, market speculation just works when it seems like a company, not getting rich, the speculator goes in the market sense No matter whether it goes up or down, you don't feel any emotion or love for the currency, in this case Bitcoin is the main one. The difference between speculation and investment is that the investor only purchases and waits until the price rises and profits, the market speculator follows every market detail, sometimes it's exciting, others just live for it.

Speculators are not using technical analysis or fundamental analysis. Speculators doesn't rely in any data and there just basing hope and guess. If one rely on technicals then it is a technician. I rely on charts and price action and I'm a technician. Before I am a speculator but the thing is my money is not safe because I just trading without aby context or trading studies that I using but now technical analysis help me to grow my capital.
10  Economy / Economics / Re: Why we must study Economics at University? on: January 15, 2020, 06:35:32 AM
Economics is the study of how economies, states, businesses, families, and individuals are allocating their scarce resources. Economics research can also provide useful knowledge to make decisions in everyday life. Thus, learning economics at university is good for future growth, when the student goes to society it will help him make good choices in life. Economics might also help in bitcoin or crypto to choose which projects to invest in.

We cannot understand the current market situation if we will not study economics. I'm a trader and it is required for me to understand the law of demand and supply. It is hard for me to analyze a chart if I do not have prior knowledge about economics. The economic subjects and courses are really important and it is the reason why the government are keep implementing that regulations.
11  Economy / Trading Discussion / Re: How do you define a good exchange? on: January 15, 2020, 04:22:08 AM
A good exchange consists of many features. All of the exchange are now have the same characteristics, I want an exchange that have automatic execution where I it will trade it self when my target price hits or my cut loss price hits. A good exchange also for me have a good service team where I can easily interact with them if I experience some minor or major problems.
12  Economy / Trading Discussion / Re: What do you need to become a successful trader? on: January 15, 2020, 02:46:01 AM
A little covetousness and confidence. If you want something more, it's a covetousness. Greed will drive you to work hard to achieve your goal and to work smartly. But it's too bad for us to have a bit greed. Confidence is something we should have as well because it helps us as a strong person where we can conduct our company without questions and second thoughts. Confidence isn't something we can quickly achieve, it's growing, and good communication and training can help us get it.
Prioritizing greed to trigger harder work is a mistake if you do not have a wise mindset and good self control, because when your emotions have been controlled by greed that you prioritize then it will only end in a very regrettable suffering.
It is all about passion, you cannot work hard if you do not have passion. It is also the cure for laziness. If you really want to become a trader, then passion will become your trigger for you to study harder in order to enhance more your skills. If we will prioritize to learn, then anything is possible. We can also avoid huge losses if we will improve our trading psychology.
13  Bitcoin / Bitcoin Discussion / Re: Promote Bitcoin..... It is for "us" on: January 15, 2020, 01:43:18 AM
With time we've been getting more and more services that accept bitcoin. More we promote more will be the growth of bitcoin, and now this is serving as an alternate to make transactions yet the usage isn't big as various centralized source that perform the same work. Only through continued promotion this can be attained, so everyone in the cryptocurrency market should set a target of introducing crypto to atleast ten new users.
We can increase the awareness if we will also promote the bitcoin. Speaking of promotion, I keep discussing the bitcoin and the cryptocurrencies to my friends and relatives. At first they did not give a care but when I show the earnings that I get from day trading, they started to see it as important. Through speaking, the awareness of other people about bitcoin can increase.
14  Local / Altcoins (Pilipinas) / Re: Mcaffee ngbackout sa kanyang prediction Monero at piratang coin daw maganda on: January 15, 2020, 12:38:44 AM
Kailanman hinde ako naniwala sa mga pinagsasabi niya. Masado kasing unrealistic kaya naman mahirap talagang paniwalaan. Tsaka I'm a type of a trader na kung saan iniignore ko ang opinions at prediction ng ibang tao. Kahit isang kilala pa o isang sikat na personalidad pa ang nagsabi ng kanyang opinion about bitcoin. Nag fofocus lang talaga ako sa current chart ng bitcoin.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: 2020 start of a fresh market for crypto. on: January 14, 2020, 06:16:56 AM
There is a good start in this current year, the correctional is already finished and the market is start recovering. There are a lot of opportunities in the market nowadays, the uptrend is now coming and the suitable strategy for me is buying on breakout. If there is a breakout, the previous resistance will become support and that is why I have high winning rate if I use the strategy of buying at breakout.
16  Economy / Economics / Re: Cashless Economy: Is Society ready for transformation? on: January 14, 2020, 04:37:24 AM
It doesn't matter how good this sound might have bad influence. On this subject, we have countries far ahead of the rest of the world, but what can be downside of this project or attempt for others. That's what I mean. Those who live in the country where poor connectivity to the internet could stop payments, this is a major issue. Anyone can lose access to cash, it will be on such a large scale in this hacking that if you pay or not, no one will guarantee. So it's really important, probably yes in some cases, it's probably not safe, it's going to be good for everyone, most likely.

Our society is not yet ready to become cashless society, fiat currency have important role in our economy. Cryptocurrencies are good but still there are a lot of problems why adoption is slow. There are users saying fiat money is more convenient because they do not need internet or smartphones in order to transact. Old people do not easily understand also how the cryptocurrency works. It will take more years before we see that our society will become cashless.
17  Economy / Gambling discussion / Re: Real reasons to Why do you gamble? on: January 14, 2020, 03:27:51 AM
The excitement and satisfaction is what I seek in gambling, I know that most of the gamblers are seeking profit but I am a different one because I want to be satisfied. It is sound strange but it is the real reason why I gamble. I know that my money is not safe in gambling because it is a game of probabilities, I often also got enjoyment when I betting and playing card games.
18  Economy / Trading Discussion / Re: How to start trading with 2 BTC? What is the first step? on: January 14, 2020, 02:24:58 AM
The first step is certainly not to come to Bitcointalk and ask how to trade a bunch of strangers, this is the first step to rekt. However I understand how it could be for a newbie, and we all have different ways of learning, if you want to start, you have to realise that at the beginning there would be almost no way to avoid losses, but you're going to learn what works and what doesn't work by trial and error, though you could start with much smaller funds to learn.

There are wrong information in this forum so we should not just base our decision in one source. There are a lot of sources of information all over the internet after all,  if we have big capital; it is better if we will become familiar first in the market for us to know what is happening. We cannot all in our funds if our knowledge is still not enough because the possibility of losing is very high.
19  Economy / Economics / Re: Mistakes That Make You Poor Poor In Cryptocurrency on: January 14, 2020, 01:22:25 AM
the most common mistake is buying shitcoins that are hyped through media but have no value behind them
if you invest in something, make sure it is a solid project , not some "new bitcoin"  that is not going to live another decade , most likely
and for sure you have to be aware of hackers and scammers , if don't take care of security it doesn't matter how smart or a good trader you are
you will end up with a zero , do not take it lightly and better spend time reading how to safely store and transfer your coins
another thing is listening to the analysts , predictors , visionaries and such , always use your own brain
remember that they have an agenda and in case of a failure it is not going to be them , but you who suffer monetary losses

That's the problem with newbies, they have wrong mindset. They thought that they will get opportunities if they will buy low marketcap coins but the thing is it is wrong and they will get danger and not opportunities. The risks are too high and it is the biggest mistake that they will commit. We should also focus on our self analysis and not the analysis of the others because there are many fake information all over the internet.
20  Bitcoin / Bitcoin Discussion / Re: The use of Bitcoin on: January 13, 2020, 10:10:19 AM
Actually the use of bitcoin will not be as difficult as imagined, because in this digital era at least most of the people in the world are online users and they are also familiar with online payments and other transactions which of course bitcoin has the ability about it. Old people or those who are constrained about the network, etc., I think it can still be followed up and helped in terms of its use when the government has set about related matters so anything can be done.
It is one of the problem in terms of the usage of the bitcoin, there are people especially the old ones cannot use smartphones and any gadgets. They will still use fiat because for them it is more convenient. There is a time that I explained the bitcoin in my grandparents and I am not surprised because they really did not understand what I said to them. The problem can only fixed through the raising of awareness where the people will get knowledge about bitcoin.
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