Every experienced trader will say the money management in trading is the important thing to keep your account alive and for my experience in trading I lose many accounts die first to bad money management and second for greed and getting more and more money, after all this bad experiences and when I keep money management in my eyes now I get my money adjusted with my capital and I required for every trader to give the most important attention for money management.
The rules for money management for me:
1. Make goals that could actually be achieved with your skill level
2. Always trade with a stop loss
3. Never over trade your account
4. Trust your indicators
5. Always protect profits
6. Trade with investment capital, not grocery money
and for you what is your experience with money management ?
That's a good strategy on money management this is really helpful for sure. If you don't mind i will use this rules for me to become more profitable in trading and also to prevent some loses that may occur in the future. After all we have one common goal here to gain more profit so we can survive in this world. |
|
|
|
The most common used of bitcoin I think is for investment purposes and trading I believe majority of bitcoin owners here use bitcoin to buy alts and then trade them. Some may also use bitcoin to purchased goods and services. Maybe when more establishment will start accepting bitcoin more people will have the chance to spend them in getting products.
That's true investment and trading is a common purpose of bitcoin but here in my place we can use it to transact online and use as a mode of payment on our utilities payable. Bitcoin has a lot of purpose you just need to find out what are those. I believe in the future bitcoin will surely in the future bitcoin will offer more services. |
|
|
|
I think to myself:
"wow the price of BTC is so expensive, it must be too late to buy."
Then a year later I look back and think:
"wow the price of BTC was so cheap last year, it's too expensive now so I shouldn't buy".
Repeat for 3 years and that's where we are today, it's still too expensive to buy haha. It's all relative.
That's a good point so for me. So if you really don't want to experience this thing you should accumulate more bitcoin now, it is never too late buy you might buy the btc at higher price. Bitcoin is really great in terms of making profit and in the future bitcoin will surely high in value. |
|
|
|
I heared about bitcoin from my officemate. He shares his experienced and from there I was convinced that I can also have extra income through bitcoin. I started putting a small amount in trading, however it is not easy to earn bitcoin as you think.
Well at first it's not that easy but over time you will surely know the strategies, we have heard bitcoin on the same way thru my office mate, He introduced me to bitcoin he just share all the thoughts about bitcoin, but on my own part i do a research so i can fully understand how this thing works. |
|
|
|
What is the best trading site or platform for newbie like me and applicable for mobile?
Poloniex and Bittrex are both fine for me, and if you are new on trading i highly suggest to do more a lot of research because this is not so easy, no apps for your phone but you can surely use your browser and then trade, personally i trade using my phone most of the time but still depend on your convenience. |
|
|
|
Unfortunately, for the time being my country is not so developed to have ATM of this type
Same here in my country Bitcoin debit card don't exist yet here but i know time will come we will surely adopt that system. Bitcoin is really a new system for us that makes money, and i want to use those bitcoin debit card to transact more easily. |
|
|
|
But in my case, nobody has been really interested in Bitcoin, even if it's a close friend. I've told them about bitcoin, but they just grope like I do not believe what I inform. and for some people who are genuinely interested in Bitcoin, I believe that the high factor of Bitcoin's value affects them so they focus on Bitcoin.
They have their own belief and it's hard to convince a person if they are not open minded, bitcoin is a quite new technology and for sure new to them and since there's a lot of scam online they might be afraid to try this kind. Don't worry, once they understand they will adopt with bitcoin, right now we have to focus educating on people who are interested, eventually when bitcoin are more popular they will notice it. Well bitcoin gets more popular everyday and i believe that time will come they will surely use bitcoin because this is our future, the price of bitcoin will continue to soar higher and your friends will surely ask you this time about bitcoin. No matter what they say keep on telling people about the goodness of bitcoin. |
|
|
|
Bitcoin prices are increasing day by day, so I will buy some bitcoins and increase my income. I can invest in trading, mining and increasing my bitcoin.
My plan is to accumulate more bitcoin, I set aside some of my income every month so i can buy more bitcoin. I really want to hold more bitcoin in the future, and i will use it for the need of my family and to help people. Make your plan with bitcoin so you will not loose the chance of getting more profit. |
|
|
|
Since I'm just living with my mom, my bitcoin dream is to build my own simple house,having our own business and earning more bitcoins as its price continues to grow.
We all want to become more successful in this way, bitcoin really give us this opportunity to dream. My dream to become more successful here and hold more bitcoin so i can help people to improved their lives and specially my own family. I believe this thing will surely happen, we all hope for this and let's work for it. |
|
|
|
Many people need big proof to satisfy that this site is legit ..whats the best way to convince your relatives or friends
directly involved in it. while you provide direction and knowledge about everything in crypto. so I think it's part of someone's education to get people closest to what we do. Exactly showing some evidence to them will really help you so you can convinced them, people really need this because a lot of scams happening around the world so people today are more cautious in terms of investing money. Well bitcoin is getting more popular everyday so i think your friends will come to you and ask for your help. |
|
|
|
I want to try open Bitcoin Business. This cause I just have this question. I wanna know is Bitcoin can give a better world and future.
By doing this you will surely help your economy to a better world, I am also planning to put up a business this year buy it's more on merchandising and the mode of payment is thru btc. I believe by this we will spread the good system of bitcoin that change the world for a better. |
|
|
|
The much talked about ride is on, to bullish. Who is riding with it ......  I would continue in riding with it because the trending now is upwards and the price for sure would continue to rise and will definitely earn profit in the long run. Lucky the people who invested earlier theybare earning as much as 100% profit or more. Well no matter what the trend is i will continue to get more bitcoin because my goal is really for the future and i believe that bitcoin will surely surpass it's all time high until it hit $10k this year. A lot of people are now believing on this so i think this is the result of it, the trend is really bullish let's all be part of it. |
|
|
|
These are not exactly same. One is for enjoyment and another one is for making money.
But the thing is, the other one is going at the pace that they are not being an enjoyment but an addiction, a shortcut for being rich and wealthy, that is gambling for them. Trading is for making money so that is obvious that trading is far more better than gambling. Some people think like that but some people like me think as it is a form of entertainment. I enjoy gambling for fun that is why I keep gambling besides it is for my addiction but atleast Im enjoying it whenever I win or lose. I lose most of the time but I dont really care about the result because I only use small amount everytime I play but it is for pure enjoyment I enjoyed both on trading and gambling it gives me so much pleasure and money at the same time, well i do not gamble much most of the time i spend more on trading and i like it reading charts, analyzing how the markets going for today. For me it really depends on your personality both are good in making money and giving pleasure. |
|
|
|
It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
That is possible to happen in the future because the crypto currencies progress is getting stronger and it is spreading worldwide. But of course for sure every government of every country would still protect the fiat system to be regulated. Well we really have to open the possibilities that bitcoin will be use by everyone, as we can see now a lot of people are now paying attention on this growing currency and i believe bitcoin will surely become more powerful in the coming years. |
|
|
|
|
No matter what amount you invest it really matter because in the future i am sure it will become a big money for you. Those who are billionaire today for sure they started small also, so start investing today, bitcoin will surely blessed you in the future.
|
|
|
|
As Bitcoin keep climbing and altcoin keeps going down, is it better to invest in bitcoin or altcoin now?
If that is the case then it is best to invest in altcoin, because eventually altcoin will go up again once more, even if it may take a while Investing on both is really better as we can see the price of bitcoin continues to soar high and the prices of altcoins are dumping now is the best time to gain more good altcoins. In the future cryptocurrencies will surely high in value. |
|
|
|
hello guys i'm pretty free nowadays got nothing to do so thought to give day trading a try i'm hodling coins for long term too but now i want to learn how to do day trading with a small amount since i don't know much about chart reading & TA so kindly leave some useful articles / links & advices below like when to buy & when to sell & how much profit ( % ) is enough.
Thanks
Don’t just depend on any speculation if you want to become a trader, learn to read charts and used different indicators. You have to think twice for this because trading is not that easy you will surely incur losses and you must be ready for that. |
|
|
|
Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..
This is the main problem for every traders they trade with emotions, traders looses their money because of this and lack of trading plan. Patience is really the key for us to succeed in this market. Make your plan and execute it well, for sure you will make big money by this one. |
|
|
|
Whats the longest wait you've had for a transfer to go through. I used shapeshift late last night and it still hasn't come through. I just did another one and it went right through.
So far i dont have any experience on this thing, the longest time i wait for my btc is around 4hrs, anyway before i transfer some fund i make sure that there is no problem on any exchanges so i will not encounter that. |
|
|
|
|
Show Posts
