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4141  Economy / Trading Discussion / Re: Do you run when you fail or loose in a trade? on: May 04, 2021, 05:17:48 AM
"How many persons loose in a trade, and then go back to find out why they lost, and the mistakes they made?"

I believe that's what makes the difference, you'll hardly see any quick money seeker do such. They probably will move on to sometimes less stressful and appealing like entrusting their funds to some random online traders or invest in project that promise daily fixed return.

Only those truly interested in perfecting the act of trading will reflect on the decisions they took that made the trade unsuccessful. The works doesn't end there, you also have to work on correctly that mistakes you made and not just let it go.

Professional traders has something in common they gathered the experience they currently have from frequently learning from their mistakes so if you intend to have a successful trading career then you must do the same.
4142  Economy / Trading Discussion / Re: holding is not an easy thing on: May 04, 2021, 04:58:35 AM
For me holding is not an easy task. Because if you holding a coin for 2 or 3 years, not easy to tackle with their pump or dump. Sometimes in pump you think that this price is enough to sell, if go lower it gives more problems what is happening now. Everybody in this world can not hold the coin perfectly. Holder always win the race. $150 usdt doge from 2015 has win the race at present time.

While holding has been the best strategy to stand a chance of making huge profit from the market lets not forget, we have tokens that have caused great losses by holding them. That's they lost their value over time, these tokens are numerous in number and majority are just coins that got hyped which means if you're interested in holding a coins, you have to have done your research properly and concluded the project is worth your years of time investment plus capital investment.

Many investors especially the noobs just buy any token they see trending with the hopes of it doing similar success stories like the doge, Bnb, bitcoin or Ethereum story forgetting that this coins that has increased this much had great community. They had community of believers and not those just wanting to make quick profits and move on. Which is one fo the similarities between the current shitcoin getting hyped and held by most newbies.
4143  Economy / Trading Discussion / Re: You could die from trading. on: May 03, 2021, 10:30:48 PM
Trading can be a source of extreme stress, especially that money is being a subject matter here. Stress could then lead to physical symptoms and emotional baggages so knowing the risk and controlling one’s emotion is really important.

It's quite easy to control this stressed, since it has to do with money. You just have to control your allocation to avoid losing control when the trades starts going against you. In trading you can't always be lucky (to put it more precisely), you can always be accurate at all times. There's will be times when you'll get it all wrong.

Now if you had invested all your capital into that trade, that's when everything begins to goes north. There'll be no reserve funds to fall back to and if you're that obsessed with trading, it could lead to seeking of loan just to recovery your losses and so doing is putting you at a disadvantages.

Firstly, borrowed funds aren't advisable to be used for trading and also revenge trading kills faster then fomo or fud.
4144  Other / Archival / Re: Everyone is following the same strategy on: May 03, 2021, 10:21:44 PM
No I disagree, I believe not everyone is trading with the same strategy if not we all should have been riched by now because the tremendous gains of the market in the past 6months should had made everyone trading or investing to be in massive profits but that's not the case.

We have those that are stuck in loses due to some decisions they must have made to short the market thinking a correction is on day way. You do know the spot market is just one way to trade on the crypto market and not the only way.

We have those stucks with millions of losses as a result of them shorting bitcoin after thinking one of its previous highs was the peak and we'll still have more victims as the bullrun continue until the whole fun is over then we'll begin to record losses form longers and shorters now been the benefitors.
4145  Economy / Trading Discussion / Re: Do you stick to your trading plans on: May 03, 2021, 08:18:10 AM

not all trading systems or plans work for all occasions. when those traders say the trend is your friend, always follow the trend. it's not about greedyness and emotion but it's about making money. when something is about to bubble because of popular individuals like Elon Musk and Mark Cuban tweeting about dogecoin, buy doge!! there is a reason why they are trying this coin to trend.

Trading the trends, this can be very successful but you should be very cautious as they can go down the drain any moment. You can see with ripple, they were doing quite well until the court case came along and it dumped massively. It's recovering now though so might not be the perfect example yet there's still some doubt in the community if not with this bull run xrp should have been trading above $10 at least.

If the government comes for this celebrity figures pumping this coins, hope you know the coins will suffer massively and if you're not careful you'll end up losing both your capital and gain. Investing should involved proper researching and not basing your decision on some rich guys feelings. It could make you rich though but what are the chances.
4146  Economy / Trading Discussion / Re: How Bitcoin almost made me rich on: May 03, 2021, 08:10:14 AM
Maybe next time when i got another chance i will do my best for such legit project.

They are so many scams that we don't have to blame ourselves for the decision we made. We didn't know those project would be successful, in a case where one project becomes a success, there are many other tokens that failed us. Affect going through such experience they affect our next decision let's not be too hard on ourselves.

The industry still has greater opportunity upfront, we just have to stay focused. I remember when it seems like all the outrageous gain in the industry has already been achieve but today we have project like doge, BNB doing impressive returns of investment that hundred would had easily been turned into millions. We have betters days ahead, let's just stay focused and utilized the next opportunity that present itself.
4147  Economy / Trading Discussion / Re: holding is not an easy thing on: May 03, 2021, 08:03:40 AM
I think it all depends on how you started your investment. If you went all in, even borrow money just to invest (which is a wrong approach to investing), then you can get pressured into cashing out your investment before time. Always have reserved funds to fall back to, some call it emergency funds. If you have this then you'll not have to touch your investment until it has matured to your tastes.

If you have $100, don't go investing all, problem is one thing we can't avoid as there is problem that needs money everywhere we go to. Plan yourself, holding isn't just for the Rich. Infact the poor needs it more than the rich.

Holding is very easy to do, you don't basically have to forget about the coins because if you do, it might cause you big loss. Some coins are steadily migrating which if you're holding your coins in personal wallets, you have to execute some transaction to get your new coins on some aspect while others are airdropped automatically.
4148  Economy / Exchanges / Re: Best way to cash out? on: May 03, 2021, 07:54:28 AM
Or you can adjust your transaction fee lower but it takes days to deliver and it will eventually deliver if you are patient.

I believe the OP was referencing exchanges and not wallets and I haven't seen such option on the top exchanges like Binance, probably they could be in other smaller exchange but I doubt the top ones will give the option to reduced fees considering they most have calculated their service and miners fees together in your withdrawal fees.

The best option just has to do with using others blockchain, even bitcoin can be transferred using other blockchain like the wrapped bitcoin and all that. Your only concern should be if your coin destination support this tokens. If it does then you can save yourself alot of fees by transacting with other blockchain that has lesser fees.
4149  Economy / Services / Re: [Open] ▄■▀■▄ 🌟Bitvest.io🌟 - Plinko Sign Camp (Member-Hero Accepted)(New2) on: May 02, 2021, 02:28:02 PM
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4150  Economy / Services / Re: [OPEN] ★☆★ 777Coin Signature Campaign ★☆★ (Member-Hero Accepted) (New) on: May 02, 2021, 02:11:29 PM
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4151  Economy / Exchanges / Re: Best way to cash out? on: May 02, 2021, 10:49:39 AM
Tether seems to have a transfer fee of $20-$100,

It does when you interact with the Ethereum blockchain but the case is different with other blockchain like that of tron. You get charged just $1 irrespective of the amount you're sending if you're withdrawing from binance, don't know if other exchanges charges same but I believe it won't be any different.

Many noobs don't know their fav tokens are now multi-chain. They still get stuck paying high fees on the ethereum blockchain meanwhile they can transfer their coins on less costly chains and get their tokens.
4152  Economy / Trading Discussion / Re: Do you stick to your trading plans on: May 02, 2021, 10:34:20 AM
Trading is a tough issue. I'm not incredibly decent at it though. But as far as I know and understand so distant, I am sticking to a plan that I retain. Yet, this plan may also be flammable, it will be sure of on the market. Everyone should have a specific plan. Then you have to modify according to the circumstance so that you can be prosperous in trading.  

Plans can and should be modified when the sentiment of the market changes, you can't be on a plan to take profit at a certain price and all of a sudden the sentiment of the market changes and becomes bullish then you still take profits. That won't be the smartest decision instead if you're in need of urgent cash you could sell part of your investment while you leave the rest to continue increasing. You still have to be cautious though to identify when a market sentiment changes for real and not some fake break out.

Basically you adjust your selling price and set higher price that could give you more profit although your new price has to be reasonable and not been too greedy because that's one of the reasons many traders end up either in loss or not having as much profit from a trade as they should've.
4153  Economy / Trading Discussion / Re: Is Scalping even viable in Cryptocurrencies? on: May 02, 2021, 10:25:57 AM
Can't imagine someone having money on coinbase/gemini/kraken and binance could do this?

They can especially on Binance, anyone with the knowledge could scalp newly listed tokens and come out successful only if all the decisions he/she takes favours them. Why I'm not a huge fan of scalping is the disadvantages of losing all or almost all the profits your have tried accumulating over the period of trade for the day.

It's fine when you're profiting but becomes ugly when you're losing. Instead of scalping you can simply swing trade. Investing is another profitable strategy to embark on in the industry, it has less risk and higher reward compared to other strategies out there.
4154  Economy / Trading Discussion / Re: You could die from trading. on: May 02, 2021, 10:15:21 AM
Always try to give yourself enough time to rest, exercise and maintain a healthy diet as well a social life. All this activities help reduce stress both mentally and physically.

When you say it like that it seems you can simply die from trading like trading can cause death itself meanwhile it's the lost, stress and other unhealthy effects that can lead to death. Trading especially when you're a day trader that spent most of his/her day at the screen could cause may deadly illness itself so giving yourself some break and utilizing the automated features could help.

Instead of monitoring the market, waiting for when to buy or sell, you make use of the buy limit order and set your buy order then wait for the system to execute that trade while you're doing something more health like the exercises or reading a book to feed your brain.
4155  Economy / Trading Discussion / Re: I can never get my price :( on: May 02, 2021, 09:29:04 AM
Thank you all! I decided to just start trading with Tether. It made things A LOT easier since it's not nearly as volatile as BTC.

Was just about giving that suggestions after going through the first page if this thread. Glad I decided to skimmed through the second page before replying. Basically my advice on bull runs when trading altcoins are to go in with USDT instead of bitcoin. Chances are you'll record losses if you're taking note if your profit in bitcoin pairs due to the outrageous growth of bitcoin price in this period.

And also stablecoin entirely, not just USDT makes its easily to keep track of your profit especially when you're new into the system. If you had invested $100, you can easily take notes of how much gain you have achieved within the timeframe of your investing.
4156  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH versus BNB updated poll 2021 on: May 02, 2021, 08:33:03 AM
ETH has smart contract and currency applications across a bunch of industries, and has a far greater history and first mover advantage. Sure, it's not as decentralised as BTC, but it's far better than CZ's project in this regard.

Exactly, Cz is an opportunist, he knows how to make use of every opportunity that present itself in the industry presently, from the overtaking of every other exchange in the industry to now wanting to be the power house of every new trend that cones into the industry. If I'm been honest, I think cz is a treat to decentralization.

Crowdfunding, Farming was centralized on the binance exchange so was staking and now he's jumping into the NFT market. Already he has made every project out there wanting to migrate onto their test project called Binance smartchain.

If the community doesn't stand up for decentralized very soon we'll lose focus on what they initial idea was before this industry was created
4157  Alternate cryptocurrencies / Altcoin Discussion / Re: Will governments destroy stablecoins in the long term? on: May 02, 2021, 08:15:04 AM
I don't think they'll do that. They have the power to even control those stable coin providers except the decentralized ones. They can still make use of them.
That's why I don't think that it's necessary for them to do it.

While that's true, I think the government would rather create theirs that endorse the already existing ones knowing fully well any positive decision made towards the cryptocurency industry is more like endorsing it generally. The government are scared of how far the industry has grown even with all their efforts to discredit it with all sort of fud.

The fiat system would be very difficult for the government to let go. With manual printing, they can print as many currency they need without anyone questing that decision as they're all into the game and it's hidden to some extend form the general public but if that system was to be digitalized or brought into the blockchain technology, it'll mean they'll have to account for whatever decision they take as their tricks would no longer be hidden.

You can see with tether, each time new coins are minted, the general public are aware, don't think the government would want to put themselves in that shoe.
4158  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 90% chances if a coin is listed in Binance it has a good potential on: May 01, 2021, 06:30:10 PM
Based on what I noticed this bull run, the majority of the coins that have a good pump this season are those that are listed in Binance, so I come to the conclusion that we should only invest in coins that are listed in this exchange for us to have a chance to maximize our profit.

What's your take on this, am I right or wrong?

Share your opinion.

That's a very wrong mindset, you shouldn't never invest just because an exchange is listing a coin. If you want to quickly trade that coin for profits within the time of listing then that's understandable but it's a very risky type of trading that can either give huge return or losses. Before investing in a project, you should have done you investigating and confused that the project has great potential.

Investing has nothing to do with exchange because good projects will one day get listed on these top exchange you hunger for and what better feeling than been among the very first investors before the exposure came along.

If you're of the mindset of exchange listing equal great project then you'll become toys in the hands of whales because they're the pumpers of these coins just to dump them on gullible investors.
4159  Alternate cryptocurrencies / Altcoin Discussion / Re: the significance of taking profit on: May 01, 2021, 06:22:22 PM
Taking profit when there is an opportunity is indeed important but we also have to adjust to our needs, if there is hope to increase, leave some so that we can benefit if there is an increase in the end, but if there is no increase we can take it before the losses get bigger.


It's very easy when we write them but very difficult to execute, you speak about cashing out before the lose increase but how then do you know that corrections the market is portraying isn't a false crash but actually the marketing dumping. The market is very complicated which is why investing with a strategy is very vital.

With an investment strategy, you already have your entry and exit point, this price could be adjusted based on how bullish or bearish the market is becoming but nevertheless you'll have a plan you'll be working towards.

If you just blindly invest, you would definitely get carried away by either greed or fear and the FOMO invest when you aren't not supposed to do so.
4160  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH versus BNB updated poll 2021 on: May 01, 2021, 06:01:57 PM
Lets be guided here please, the only reason people are moving to the binance smartchain excluding the obvious (taking advantage of the hype and been on CZ good side), is because ethereum gas fees are high. Solve that problem and everyone will come running back. Lets not disrespect Ethereum because a new transfered student is been loved by all as a result of his popularity.

Ethereum has served us for years, the industry won't have gone this far without the introduction of Ethereum. Every other ideology became a reality because of Ethereum. The only coin that is above ethereum is bitcoin. Do understand am not an Ethereum maximalist but speaks facts when the news arises.

Ethereum is not dieing anytime soon or getting replaced instead they both might coexist. Ethereum is building and we all know what comes next after building. Let just wait for time to review it all. Enjoy the profits now.
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