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181  Economy / Trading Discussion / Re: A successful trader must be an educated trader? on: August 10, 2018, 05:46:12 AM
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?
You can't become successful if your knowledge is not enough. All of the traders who became successful are educated. Their knowledge is the reason why they became successful.
182  Economy / Trading Discussion / Re: How to get rid of emotions when trading on: August 09, 2018, 01:45:56 PM
Our brain is hardwired to go into a fight or flight mode under stress, resulting in emotional responses like greed (taking too large risks), anger, fear (panic-closing) or fear of missing out. While this is a good thing when fighting lions in the savannah, it is a horrible thing when trading, and you need to make smart decisions and keep to your plan to keep making profits.
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?

1 with good preparation
2 with checklists
3 with process orientation
4 with active emotional detachment

Good preparation:
If you watch a Football game or a Boxing match usually the team or player wins that has done the better preparation. The same goes with trading. Accumulate knowledge about the subjects of trading as much as possible. Start with small amounts and small leverages until you really know what you are doing. Be consistent, create good habits early on and keep them up. Make sure that you are mentally fit, live healthy, eat well, sleep enough and regularly, and exercise enough. Have a schedule. Track your preparation, track your results and analyse them. What were mistakes you could avoid in the future?

Checklists:
When things go down and away, it is always good to have a checklist. For example: surgeons usually have checklists that prevent them to go off the rails while performing a complicated procedure. Their checklists makes it absolutely clear in which order they need to perform what step, which frees up mental brain power for the actual process. So from your past make checklists what made your trades profitable and focus on those kind of trades that have done well in your past.

Process Orientation:
With the checklist, we should be able to make good trades more often than not. All we need to do now is focus our metal brain power on the process and not on the outcome. As we have built enough expertise and a checklist that we follow, we focus on rules and our discipline, not on the outcome of a single trade, because as we all know one trade can always be good or bad, independent of how well it was thought out.

Active emotional detachment:
There is something called Tilt in Poker. Some players will actively try to insult players after bad beats to make the go tilt, or "emotional". This will result in very bad decision making. Maybe you remember Zinedine Zidane in his very last World Cup Game, head butting the italian player and getting sent of the pitch with a red card. The worst possible outcome. TILT.
If you still feel like you get emotional about trades, there are a few things you can do: Lowering your margins, lowering your leverage, take a break, breathing exercises, watch your favorite series or listen to music. Get a little distance to your trades, before continuing. NEVER trade on TILT.

How are you dealing with your emotions? Anything to add or to take away from this?
You should know yourself well, there are many traders who losses their money because they can't control their emotions that are causing panic. You should be knowledgeable person for you to avoid panicking.
183  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [BOUNTY] 💰💲 SIDERA.IO - WEREABLE DEVICES [BIG REWARD]💲💰 1 MLN $ on: August 08, 2018, 09:23:08 AM
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184  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin making the world go crazy? on: July 29, 2018, 07:32:49 AM
Because its good to invest in bitcoin coz bitcoin value is high so people wants to invest in bitcoin and the world is talking about its value.


They go grazy of bitcoin  because of what they heard  or read on how there life change for a better . Everytime they talk about cryptocurrency  ,the first thing they put in mind is Bitcoin. It has higher percentage of people who is been dreaming to have a better life and they see a way on how to do it by investing in bitcoin and they go crazy to learn it more about it.
At the same time the value of the bitcoin continuously improves, where you can conclude that people wants to have an investment where as you can earn more profit than the usual, that is why maybe bitcoin really caught the attention of people. The people goes crazy simple because bitcoin is going to help the futures growth.
185  Bitcoin / Bitcoin Discussion / Re: Does the death of Bitcoin also mean the death of cryptomania?? on: July 29, 2018, 06:31:43 AM
Well to me bitcoin will remain the digital gold and bitcoin is built with the highest technology I always say we are OK with bitcoin there is no need for other coins and token's, bitcoin can perform all the functions the other coins can perform. That will even make the ecosystem safer for users. So I don't see any altcoins taking over from bitcoin soon.
Moreover, the bitcoin has the most users in the crypto. It is like loosing bunch of markets and your product will be spoil. And that may probably what will going to happens in the cryptocurrency. It may not die as fast or at the same time as the bitcoin but it will soon fall. That is how powerful bitcoin was. But speaking of powerful, bitcoin has a lot of potentials which is still in process, bitcoin proves itself as of this moment so no need to worry. Bitcoin will continue to give in the future.
186  Economy / Economics / Re: When bitcoin prices rise up the market also will on: July 26, 2018, 03:16:11 PM
I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
Yeah, because Bitcoin leads the market as of now, whenever bitcoin gets price increased the other cryptocurrency will, vice versa. This phenomena is natural in the market or so called the Fluctuation, this is where the market becomes risky, due to fluctuation there is a rapid growth or decline in the market which affects the prices of the cryptocurrencies.
187  Bitcoin / Bitcoin Discussion / Re: Samsung start to accept Bitcoin on 3 countries on: July 26, 2018, 02:40:40 PM
Samsung is a major electronics company in the world and one of the largest technology companies in the world today. When one of the important companies accepting Bitcoin, as a form of payment will be good news for Crypto because large companies will gradually adopt it as a form of payment.
Another big company started accepting bitcoin, a great news indeed. More users will loved to buy Samsung gadgets, such as phone, tablet, televisions and such, because there is no need to do exchange. Investors can save time at the same time bitcoin because there is no need to pay for the fees. It is a very wise decision for Samsung. Hoping for more companies to start accepting bitcoin and realized the potential of bitcoin.
188  Economy / Economics / Re: When will smartphones used for bitcoin mining? on: July 26, 2018, 01:30:09 PM
It won't happen.

Smartphone for bitcoin mining? you are just destroying your phone.

Smartphone as digital wallet, you can simply download an app / wallet and that's how you make it as your wallet.
Everything is possible through our technology, who knew on 2009 that bitcoin will be as it is now  ? Who knew that microchips will be used on curing such diseases and illnesses?
Are you aware of what smartphone are capable of ? Almost everything now can be done with the help of mobile phones. Who will know what the future is with smartphone as our technology advancements continue to amaze us.
189  Economy / Trading Discussion / Re: Who believes in HODLING? on: July 25, 2018, 02:24:34 PM
I believe the holding is harming the market welfare, so you should not hold everything that you have but only few particular coins that you believe in.
This is the common misconception about holding, some thinks that they should hold every coin they have but the truth is not, why ? because it is a traffic of currency flow, why not trading instead of holding ?
trading and holding are both risky but trading is more complex so you can have your strategy when youre doing it.
190  Economy / Economics / Re: BITCOIN IS NOT BUBBLE!! on: July 25, 2018, 01:07:06 PM
Bitcoin is a volatile currency which means their is up and downs in its price and when its price down then many investors loss their money and consider bitcoin is a bubble. But i think bitcoin is not bubble. Their is another reason present because of this many people consider it is a bubble. In the year of 2017 bitcoin price increase surprising like a bubble swell but in 2018 their is steadily fall in its price which makes its a bubble in front of many people. I think its price will be increase and it is not a bubble.  Smiley
Its funny how other people said that bitcoin is a form of bubble that will pop in any moment, what they don't know is the fluctuating state of the market that varies the price any time which has downs and highs.
If bitcoin is a bubble, its price should be lower than a thousand of dollars after it reached a $20000 mark last year isn't ?
191  Economy / Trading Discussion / Re: 4 factors that could destroy your Trading on: July 25, 2018, 08:26:45 AM
Greed or greediness is the main factor why trader go broke.  Traders tend to lose more if ever the fall down continues, me as a trader have experienced this since im hoping for a comeback of the market but it did not happen. Being greedy can give you 3 things in the market, gain after gain, lose and gain or lose and lose more.
192  Bitcoin / Bitcoin Discussion / Re: ~BTC in Medical Industry on: July 24, 2018, 03:36:24 PM
I see bitcoin as a useful currency and speculative asset in every field of businesa not only in medical industry. Since bitcoin is well known and innovation of a currency, many people and companies are embracing the use of bitcoin as a medium for transaction. Now many establishments are starting to accpet bitcoin and hopefully this will be the start of bitcoin's era.
193  Economy / Trading Discussion / Re: My trading style on: July 24, 2018, 01:36:47 PM
I don't have a specific trading style or don't stick with the methods i used once since the market always changes. I really believe that every coin has its potential and time to increase its price so what i always do is study the coin, looking for historical charts, its market capitalization and daily movement of price, whenever i gets satisfaction from what i've seen im gonna for it and hodl.
194  Economy / Economics / Re: Cost of Living Comparison on: July 24, 2018, 11:34:19 AM
Cost of living is really a big thing for everyone living on different country because cost of living is your state of being a citizen in a nation. Cost of living differs from what country you are in, in my case i do live in a well and fair place where i can say that im living averagely . Costs of living also varies from minimum and maximum wage your government has settled.
195  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin (LTC) Long-term Price Analysis on: July 23, 2018, 09:47:29 AM
based on what i have seen from litecoin and its charts for all these years that it has been around, i have realized that LTC usually follows bitcoin which means with bitcoin price rising, LTC price should also start to rise pretty soon.
in other words i disagree with you saying its long term is bearish because bitcoin is starting its bullish movement.
Totally agree with this, i've also notice how the other cryptocurrency moves and behave, it is somehow or really following the bitcoin's price whether it increases or decreases the other cryptocurrency just follows. Great example would be the last year's ending month, december, most of the coins went to the moon like bitcoin and goes back right after a couple of months.
196  Bitcoin / Bitcoin Discussion / Re: Is the existence of bitcoins a threat to jobs and national currencies? on: July 23, 2018, 09:09:50 AM
I am not totally sure about national currencies but threat in job is absolutely possible to happen. Actually it is happening right now in the current scenario. I've known a lot of people who left their regular job coz they are already earning so much money here compare to how much they earned on their job.
I guess those people who quit their job just for this is a coward, digital world is unstable wherein everything changes in just a matter of seconds. Even it helps to earn more money, bitcoin is not a threat to jobs but on national currency, why ? because somehow at some point bitcoin takes the place of a national currency as a medium of transaction which is supposed to be centralized.
197  Alternate cryptocurrencies / Bounties (Altcoins) / Re: MOZO Bounty Campaign on: July 22, 2018, 03:15:30 PM
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198  Bitcoin / Bitcoin Discussion / Re: Crypto is For Risk Takers on: July 22, 2018, 10:38:19 AM
I seen lots of people are panic and selling and spreading FUD . But based on my experience people who really dare to take risk only won here .
Wise and daring investors are still searching for good potential coins to invest while its really cheap were greedy people are panic and spreading FUD
Finally people who dare to invest bitcoin even when the price of 100$ they created fortune here . Its completely daring and vision not at aall luck . SO if you are having real vision and want to make milestone in life then be here in crypto and support other wise please quit .
Yeah, being a cryptocurrency millionaire or billionaire did not went to an easy path. There is no easy process for being a wealthy or successful one, there is always a struggle and hindrances like the volatility of bitcoin and fluctuation of the market. Cryptocurrency is very risky and requires a deep understanding on technology beneath the bitcoin.
199  Bitcoin / Bitcoin Discussion / Re: What factors scare others from investing into bitcoin? on: July 22, 2018, 08:23:19 AM
Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
Main factor why people are scared of investing bitcoin ? simply because they don't know of what our technology capability now. They are still living in the past were scams are scattered in online world, they are scared of losing their money because bitcoin is too volatile making unsure of expected profit even in short trades.
200  Bitcoin / Bitcoin Discussion / Re: Most Crypto investors are Cowards on: July 21, 2018, 01:25:50 PM
Sorry, I disagree with you. Because investors are not coward and Cowards can't be an Investor. Investors invest their valuable money that's why they feel tension when they crypto goes down. As it is volatile, so no one can tell what is gonna happen here in the next month. Investors are very careful with their money. But they invested by believing in bitcoin or the crypto market. The only newbie can be a coward, but it is not applicable to a regularly experienced investor.
There is no one who did not fead risk, but as we all know there is nothing going to happen to you if you do not take risk. Taking risk is not acting like a coward therefore i do not believe that the investors are cowards. Coward people are those who sell there bitcoins during the time the market is down. Those people are the real coward.
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