Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?
It is good but not necessary. I have seen many successful businessmen who are not highly educated. Just literate but many highly educated people work for him. Hard work, loyalty, time, patience and skills are basic things for a successful trader. Luck also a big factor in crypto world. But the main thing is hard work and experience. I think it depends upon the interest of every individual. I see that there are so many people around become successful in trading even if they didn't even know how to trade. Maybe if we have an interest and do trading and even if we start on low learning as well as we are happy of what we are doing maybe we can really get a learning that can be used on trading in the near future and maybe we can become sucessful if we wanted to. However being educated trader is an advantage and maybe everything may become simple. Trading is not just about finding the best strategies, and practicing or sticking with it, traders need to develop certain traits and able to impose strategies effeciently. Being an educated trader is very useful and helpful quality in attaining positive results and is resilient enough to deal failures. It develops the perspective of looking at life and being professionally inclined. Besides, trader should be patient, take discipline as of high regards, and be mentally and emotionally tough. A successful trader is someone who does not let discouragement pull him down, instead finding a way to bounce back from fall. Don't just be hardworker as a trader, be wise. |
|
|
|
$18000| $17000| /\ $15000| / \ $13000| / \ $11000| / \ $9000 | / \ $7000 | / \ _______ $5000 | / V $4000 | _/ $3500 | / $3000 | / $2500 | / $2000 | / $1500 | _ ___/ $1000 | / \___ ___/ $900 | | \ ____/ $800 | | | / $700 | | | / $500 | | \ ___/ $400 | | $300 | | $200 | | $100 | | $1 L_____/\_____/_____________________________________________________________ Year: | 10 | 11 | 12 | 13 | 14 | 15 | 16 | Jan-Apr | May-Sep | Oct- Dec | Feb 2018 (YEAR 2010-2016) (YEAR 2017) This graph shows the bitcoin currency in USD from the year 2010- present. As we can see, the bitcoin currency is increasing every year. (It is based what I've read hope you understand the graph  ) Bitcoin increases almost every year. So what is your opinion on what will happen next? The issue remains TIMEFRAME, or realizing that Bitcoin as an investment is a long game venture (measured in years, not the last few weeks or months). In the interim it serves as a resilient alternative medium of exchange independent of the chokehold gang (banks and governments). The current fluctuations are serving to shake out the short-term speculators whose impatience has distorted the crypto market. If you hate short term instability, don't use BTC, but if you stay with it for a decade, you'll win out... well as seen, jni is phase break before price bitcoin back up. we don't know for sure, just that, if see price statistics bitcoin before, most likely price bitcoin will ride back. The innovation grows fast and draws everyone’s attention generating great gains for investors. Volatile it may seem and its highs and lows are no easy way to anticipate. I think that if it plunges at any unexpected time, it will upsurge. Market condition may vary, but I don't think it's something to worry much about, in these times of complexities, the more we need to be firm in our faith and trust that Bitcoin can surpass any obstacles towards success. |
|
|
|
You can't blame people for this. In fact, I would actually advise anyone to assume that every opportunity is untrue until vetted by themselves. There's also a lot of wisdom to that all-too-familiar phrase "if it's too good to be true..."
Anyway, I'm responding to say you shouldn't take it personally. We all started out with difficulties, but the thing to learn is patience and openness. From the beginning, be fully transparent and clear about communicating your message.
If you say you have a trusted escrow, then name the escrow and let the person vouch for you. If you're saying vetted buyer, then present the details for the public to vet.
Question all your own offers first, find the weaknesses, before making it public. Good luck.
Simple as it as. Almost all of us here have one way or the other experienced some level of scam even on a high scale that no one would have thought. It is the way the internet space is and I wonder why someone would just pop out from nowhere with a service that involves holding of money and expect questions not to arise as a scam. He should only be able to find a way to defend himself or probably find a way to stand out from not being a scam but as long as he is not able to do that, no one would just fall for something like that. Scams are growing rampantly from anywhere in the globe and so people become more vigilant to whatever they deal with, making security in high precedence. Due to this fraudulence many are losing their trust to whatever they read, hear, and see, it could be online, in the public, or in any forms though some of them are truly legit. It could be hard to determine how legit differs from fake, but I think we should be guarded all the time and be aware of the possibilities. We can help ourselves from becoming a sufferer of scam by taking some vital factors, such as double checking the online domain name, browsing the website, checking return policy, reading online reviews, to never provide personal info like bank accounts, PIN or paying by bank transfer. I firmly believe what's more important is to let honesty rise above all and let it stay in ourselves first. |
|
|
|
That is the reason people should actually invest their money into crypto-currencies or other traditional investments rather than saving huge amount of money in the saving accounts with banks which would only pay them small amount of money for the interest generated annually.
Saving your money in a bank can have both advantages and disadvantages. Savings accounts are ideal for someone looking to save while earning. It allows you to withdraw anytime and require only low investment amount to start with. On the contrary, it's tempting due to its easy access, which lessen the chance of long-term savings. It can only generate lowest return, unlike any other types of investment. What we need to do, is to stop focusing on accumulating wealth, instead focus on creating wealth. |
|
|
|
When will we reach the state of more of less stable cryptocurrencies or it is in their nature and will never end?
Personally, I think that in the future the price of bitcoin will be not too much unstable. Because for the next couple of years, many bitcoins will be mined and it might affect the price fluctuations. And when in the future, crypto will be more common so the price should be more stable. It's volatility has been its long-time nature for almost a decade, and this what makes it popular and get people engage in cryptocurrency. Despite its volatility, ups and downs, its profitability is still in place. Though it's hard to conclude if it will be stable in the coming years, but one thing for sure is that if it will be widely and legally adopted, and more will realize how valuable and profitable it is then its volatility may reduce. |
|
|
|
I agree, but there are a few noticeable exceptions, such as Japan, Singapore, Germany and Switzerland. And I should say that it is still too early. If everything goes well in the countries where it is legal, then there is a chance that the other countries will also follow suit.
Government and some other sectors from around the world have different point of views regarding the fast-growing world of Bitcoin. Some adapted bitcoin and some banned it. Bitcoin as the leading currency has flaws as well, but I don't think it's going to hinder its mass adoption. It has influenced a lot of people and community as changing the way of living. Bitcoin continues to attract more international investors, for they know the potential and benefits bitcoin brings. It seems hard to let everyone join and believe the significance of bitcoin specially if they lack interest in it and hesitant to explore its world. Some may not be able to accept it now, but I hope they will come to realize how it can truly change ones life if they just only trust and sustain firm faith in it. What's important is to accept its nature, take risks, have passion in what you do and be positive. |
|
|
|
At the moment the crypto currency has not changed the world, but it gradually does it and for example it is much easier to send a large amount of money abroad  Cryptocurrency is becoming better-known in every part of the world, attracting investment, receiving mainstream adoption and making the world a better place. Cryptocurrency helps reduce fraud due to its safe blockchain technology where every transaction is monitored and recorded chronologically. It changes the money transfer process, does not need checks and balances before funds are transfered and deposited, because it's instant, is securely stored, does not require any fees, and people can get control over their own money. Primarily, we should remember that change should start from ourselves, and so we will be able to achieve peace of mind, be a productive individual and appreciate life more. |
|
|
|
I'm sure bitcoin must be able to dominate the world. all countries will use bitcoin as a legitimate transaction tool. but despite that. the world still will not be separated from paper money. because paper money can be made as a symbol or a sign of the country.
One of Bitcoin's main principles is that there are no borders it has to respect or abide by. It's one protocol that has no equal, and one that at the same time can't be stopped. It's pointless to focus on what paper money will be like by that time, we should only care about what matters for us, and that's slowly taking distance from dealing with fiat. Let countries have their paper money, we have Bitcoin, that's more than enough. In current times it requires only our smartphone to transact with others or buy our daily needs in stores. I could perfectly use Bitcoin as sole currency if it enjoyed more adoption and stability. Fiat is a mixture of state and corporation money, while Bitcoin is people's (everyone's) money. very good input. with the bitcoin going to be one of the transactions, bitcoins and fiat currencies can go together without intercourse, they will have their mutual manifest. when fiat money can not reach inter-country transactions at low cost, we can take advantage of a bitcoin payment system, with minutes and no high fees I believe this would be happening just in coming few years. Because this has a solid root cause. Bitcoins can’t just live in this world all alone, without presence of fiat money. While the fiat money can exist independently. But as bitcoins are getting more famous and popular. There would be a day when bitcoins and fiat currency would be against one another in usage. Then their mutual combination can give relief to the mankind. A lot of people may adopt bitcoin usage as their preferred currency of use, but believing it would serve as a single currency in the whole world is just one absurd way of thinking. Who governs it, where is the central policy going to be from ? I guess some of us have forgotten what it means for some countries to be independent and unless each country wants to come up with their own policies for usage as a currency in the country, I don't see how it is going to be that easy and which we both know it is not possible to even have that as no government will pick decentralization over centralization. Digital currency has emerged immensely, and is becoming more popular and recognized systematically. But the existence of fiat currency is still largely accepted compared to cryptocurrency, it has been in the global market for centuries. It is also the easiest form of exchange and trading all over the world, has legal tender and is backed up by the government. It's hard to conclude yet if single currency will be widely adapted because not all people are tech savvy, and also countries and establishments have its own jurisdiction and restrictions. Honestly, for whatever reason it's hard to foresee and its never easy, but if it will be totally regulated and legalized in the whole wide world it would take some more time. But I think cryptocurrency can still operate while fiat is also functioning on its own. |
|
|
|
people which are not like with bitcoin will keep telling the false news to other people and they will prevent people to join bitcoin and other coins. they will do whatever they want to stop people to join and getting involve in cryptocurrency. and if we meet this person, I think it is better to leave him away and don't interfere with him and let him talk whatever he wants. don't trust other people said before we read the details of the news and make research to prevent our self to become panic.
False news has become the cause of misleading information and facts. Many have become a victim of it, and it's hard to control because as we continue modernizing our support system they are also studying for new plans to continue ruining the good reputation of Bitcoin and our living as well. The best way to respond this kind of falsification is to be aware where the source is coming from, to scrutinize the authenticity of the news, and be vigilant. Furthermore, ignoring all these false news is a great way to decrease the level of anxiety. As long as we know what truly Bitcoin is and how useful it is, then I guess false news has no place in our life, and does not deserve our attention. |
|
|
|
Well what's your guess with regard to the further market's pulse?
That would be a fall? What relative indicators can you see? Nothing. Possible negative news in mass media, no.. people are taught by the previous news fakes like limitations in India..
It would more likely be a growth chain reaction in spite of a little market correction or a big sales..
Anyway what's your opinion?
As of now all in market calm and stable so I think we need more weeks to find out if bitcoin will grow to 10k because lots people believe that bitcoin will increase this month. We cannot avoid those gud news so focus to what your doing and don't be panic because it will cause of loses of what your invest. We all hope for the better, but sometimes fate is not always on our favorable side. The highs and lows of value is part of the trend and it's not that easy to anticipate if it stays calm all the time or remains steady or in plunging status. Market is very volatile, but its continued growth and excellency will stay if we stay stronger together to support it. I realize that in times of aridity we must relax and stay focus inorder to think of resourceful ideas to survive from any troubles. |
|
|
|
Though I'm not new to Cryptos, never paid attention on any Bounty campaigns and how they work. Wonder can someone point me to the right info on where to start and how they claim/get tokens?
How many tokens one typically gets through the campaign?
what parameters dictate good campaigner to bad one?
of course if you are not a beginner in the world of cryptos. surely you have a knowledge about investment perameter. so does the bounty project. you can learn it. and problems for tokens that you can get, all ranked accordingly, and for your current ranking, not much you can expect. Bounty campaign have become a useful part in promoting ICO's, other projects or offerings. It provides compensation for a number of tasks done, in a form of reward or token. It is also the best place to encourage people get to know about the company, team, what they offer, how to interact with their products and services and the strength of the project. It gives you additional earnings and income depending on your rank. Just do the tasks passionately and patiently. |
|
|
|
Volatility is not obstacle for adoption of Bitcoin but it is the issue for Bitcoin to become mainstream currency.
But to be completely honest volatility is also something that made Bitcoin popular and something that traders live from.
Still I don't think that Bitcoin needs to become mainstream and that volatility needs to be something that can block Bitcoin from further development. Volatility is something that is natural characteristic of Bitcoin and we have to accept it.
I strongly agree! Bitcoin is volatile by nature and we must enfold that reality. It's not the first time it becomes volatile. Factors affecting bitcoin would be the supply and demand or bad press. What we need is to fully understand of how Bitcoin functions, study its significance and learn to keep calm. Bitcoin is still young, not all people recognized it for now, and I don't think its volatility hinders from adoption. We have to realize that it takes time before we can influence and convince others. Bitcoin is here to stay and although its price may fluctuate, let's remember that there's is still hope that adoption will increase, this trend will change and the volatility will decrease in the long run. |
|
|
|
involved in cryptocurrency by my husband's brother in law who is the one who introduce bitcoin. I joined bitcoin for an additional profit for my family. I am believing that I and my wife can reach our goal in life with the help of bitcoins.
I involved in cryptocurrency because of it's exceptional attributes. It is decentralized, meaning I have the hold of my money and not anyone is controlling it for me. I'm earning from it at my own convenience, anytime of the day and anywhere. Because of cryptocurrency I was able to learn little by little about trading, investment, finance, entrepreneurship, savings, and budgeting. It enhances my knowledge, and the level of eagerness to learn and crave for more information every single day. |
|
|
|
bitcoin is increasingly recognized by big investors and middle-class society as a very promising form of investment assets, many people who believe investing in bitcoin can generate greater profits if they are used as a form of long-term investment assets. they believe the greatest opportunity to buy bitcoin can start from now because in the future they believe the value of bitcoin will be more valuable.
Exactly, investors have assessed this as a product and a potential asset in the future when they have seen the breakthrough of bitcoin in recent years, those are the unexpected milestones, $1000 then $5000 and $10000 and the end of 2017 with the value of nearly $20000. This is too rare for an investment, and it happens in a situation where bitcoin has received very little attention, but now from the past data and combined with the situation with full attention, we can see very clearly what bitcoin can achieve is a terrible number in the future, I'm not too surprised when people still buy bitcoin People still choose to buy bitcoin despite its volatility, because they know that it has the potential to give huge rate of returns though it has its downturn at times. Bitcoin's price may be low, but people are already wise on how to play the game and are aware the nature of the market. It's not always at its lowest status, it will surely soar high from crash and it has been proven for several times. That's why with each passing day, many have become curious, interested to join and take the risks, making Bitcoin more popular, acknowledged globally, and creating the number of participants expanding rapidly. |
|
|
|
Top reasons that leads to fail in trading Being emotional. It's hard to control your emotions especially once prices go down and you see all your money go down the drain. The panic seller's attempts to cut losses has only hurt them more in the process and makes them end up losing even more. Unfortunately, FOMO takes over and this is what kills the newbie traders. Using your emotions will probaly lead you to lose everything.. Drifting through the wind. chasing the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin. Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover. For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading. 1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News
P.s
I have quote some people words from my last topic
From what I've witnessed, i seen that being overly sensitive to price fluctuations is one of the worst negative effects on your investments. maybe, you will be afraid to sell your coins hastily, and after that, the price increases again, sometime it will be higher the past time. surely, that thing makes you regret what you did. Failures are somehow advantageous if one knows how to make it a platform for betterment and success. The most common reasons why trading fails would be using the wrong strategies and plans, lack of skills and knowledge in trading, putting all assets in one investment and having the fear to embrace the risks. It's always better to continue studying what trading is, its nature, market condition, what needs to be done in times of crisis, being emotionally stable, checking the market status and value, and knowing how to best play the game. In this way, it can decrease risk and give a stress-free mind. Don't panic, just trust and believe. |
|
|
|
I have a job, and I'm quite tired of working as an employee. I was thinking if I can make my btc earnings a start for a business, what do you think?
I believe your bitcoin earning is enough to start a a small business. It is quite good actually using your bitcoin earnings to start a small business because while you are holding your bitcoins you are still have an extra income for you to pay all of your expenses and to provide your daily needs at home. Bitcoin earnings may differ because of price correction, volatility, supply and demand, and some other economic factors. However, I think being wise in managing your profit and earnings from bitcoin, no matter how small or big it is, there's still so much potential to start a business, and it depends on what kind of business to engage and start with, as long as you have the passion in it. It's good to start small and make it grow with all the sincere effort and willingness. Study the mindset of the people in the market, learn something to help you grow and your business and at the same time don't get lost in constantly supplementing yourself with the knowledge in crypto, investment, savings, budgeting, spending money wisely, managing any amount of risks and some necessary steps inorder to be a better and successful person while keeping respect and submissiveness substantial. Most of all, be thankful and be a good example for others. |
|
|
|
Agreed with most of the things stated in the OP but IMO, being too hasty and lacking knowledge is mainly the trader's fault and could not consider a mistake in terms of trading and this actually pertain to new investors.
Even if people in the forum can read these tips, they will still do it eventually, one way or the other until they experienced it first hand and learn it the hard way. There may be some that will take a point of this and will apply to their trading decisions tho.
and how do you think can affect a large number of open exchanges on the pricing of coins themselves crypto currency? To date, there is a lot of project, but the market is still down there. The market is still down where? The main stuff is how people tend to screw themselves in trading just because they are always in a haste to make profit without learning and that usually end up putting them on the wrong spot most of the time as they end up losing a lot. Speem28 got it right because no matter how big the market is and low, as long as you are knowledgeable as a trader, you will always have a very good chance to utilize the movements to your favor which is the actual benefits of trading a coin but a noob will never get. Many mistakes may happen when we are facing sudden fluctuations of markets but when we are having proper plans to handle them quickly then we need to worry about negative market. Stop-loss must be one that kind. Moreover stop-loss is a plan but most traders are still missing it out. Crypto trading has evolved abruptly, it's non-stop, and rapidly changing process. Mistakes arise due to lack of knowledge, awareness, and impulsiveness. Some mistakes in trading coins are chasing pumps, it's buying coins when it is at its peak, not thinking that the increase in price is accompanied by some pullback, so it's better to check trading volume. In addition, not knowing your investment, devoting yourself to doing research on which you plan to invest is a much, knowing the stability of the project, the team, and the advisors. Never be afraid to fail, it's the best way to learn something new and to develop your knowledge, it helps to decrease the risks and downsize the mistakes. |
|
|
|
Hodlers never worry cause they know that price is going to rise any time from now.
Panic sellers are always dumpipng all coins and they crash the market. But patience is the key for success
Worries and failures are the keys to success, these always teach us something. Sometimes it's hard to control our emotion, we tend to quickly react on things instead of responding to them wisely. What we need in times of distress and flickery is to stay strong and patience. Worrying too much may lead to more stress and the inability to focus well on goals. Crypto is volatile, and one should know this trend before joining the market. If we could spread the essence of strength and patience to the people around us, then whatever worries we may have, this can be overcome. |
|
|
|
The factor that's going to completely change the way we operate a business will be adoption of blockchain. Free transactions, which are becoming real right now through proof of work and proof of stake, allow any business to share revenues. This means that in the near future (hopefully) people will be able to earn money via cryptocurrencies for doing all of the things that they already enjoy doing like browsing the internet, watching TV, and ordering food. I'm glad that this discussion is being had and I'm glad that things are changing.
Right.Since we are in a digital world right now,blockchain technology has really its high chances to dominate in all aspects in business section.People will be more advanced too to cope up with the fast changing technology and blockchain would have its perfect time to boom in this time of millenials. Starting a business is no easy and small decision. It's risky ,so it's always important to know about your customers, study and fully understand the market and on what's the best way to respond to them. Have a business plan, evaluate yourself about your strengths and skills, start small and grow, and above all have a passion on what you're doing. If you’re fueled by passion, your job becomes much fulfilling, brighter, and easier. |
|
|
|
Currently many options for investment and I think the best investment today is bitcoin, this is because with bitcoin investing then we can get profit up to thousands of dollars per week, and the best strategy to invest bitcoin is hold for a long time.
Investing yourself is the best way and form of investment. Investing oneself with the knowledge about crypto investment, being educated about its value and significance, being mindful about its trend, bravely facing its risks would make you creatively think of possible solutions when crisis arise and to innovatively find the best strategies to follow and stick with. |
|
|
|
|
Show Posts
