A component of trading that cannot be neglected is humility towards the market; as a trader, you need to present yourself to be teachable with humility so that the market will also steer its humility to you.
I say this because a proud and arrogant trader to the market will have trouble looming ahead trading because overconfidence in trading leads to losses.
Also, arrogance and pride while trading is the beginning of endless losses.
I don't get the connection of humility in doing trade of cryptocurrency. Possible, patience could be useful rather than humility. Because being patience is one of the tools for us to become successful in the end to get a high profit. This was already proven and tested to me actually. |
|
|
|
Hi. I am somehow new in the crypto world and I am wondering if anyone has any suggestions on where could I upgrade my trading skills? Any good website with this kind of info? Thank you!
There are many ways for us to learn trading, I don't know if you are just pretending about being noob or what. Since that you are involved in the technology We had it now, don't tell me you don't know google search where you can type any question that it will give you an option answered to redirect you from the one you wanna know. |
|
|
|
I used to think about crypto transaction speed. And sometimes it's an extremely long procedure to see it done. Maybe, it's one the main reason, why the crypto traiding hasn't conquered the whole world. An interesting article explains this situation https://cryptogeek.info/en/blog/blockchain-transaction-speed. It says that there are some risks and difficulties which are stopping the exchanges from really fast transactions. I hope some exchanges are able to resolve that issue. I used to trade a bit and I see that some btc or eth operations could take days to finish. Wha'd you'll think? How to escape from long and slow transaction? I don't know, but what is written in the article for me still remains an opinion by the author. Because based on my experienced when we made a transaction if the fee is a bit small it may take a long time before the transaction is complete. That's what I remembered, where if you want a fast transaction you should give a higher fee to make it done completely something like that. |
|
|
|
|
Based on my experience I obtained earnings through joining in bounties. This was proven and tested to me since the time I joined here in the forum. But I cannot deny also that most of the project whether ICO, IEO, or STO aren't safe to join in, due to most of them are always ended up into scam where most of the participants are number got affected by it together with the investors who invested to the project.
|
|
|
|
Right now I used Kucoin, Stex, Bibox, Vindax and bitforex and more depending on the coins I have in my wallet. But the useful exchange for me at the present time now was Bibox, this is where I get my profit so far. But to be fair and careful you must use coinmarketcap to find the legit exchange platform. |
|
|
|
|
Being patience in crypto trading is one of the traits to become successful here. And our patients can be measures through how volatility will move in the market. Especially, if the price market is unpredictable. Besides, this is the real things happen in this field of business in cryptocurrency anyway.
|
|
|
|
|
If you think that you have enough knowledge and idea about in cryptocurrency in terms of trading,
You are free about what you want to do. But in fairness 12 BTC was a huge amount for 1 month.
I don't know if you are telling the truth or not but still good luck on your decision anyway.
|
|
|
|
Hello all,
New to the scene here and I have a question. When you mine for different altcoins, do you have to have different wallet for each? Or you can have 1 wallet and use it for all the altcoins you mine?
Lets say I have a wallet in |Trust Wallet, can I use that address for storing different altcoins that I mine?
I hope that you understand what I'm trying to say. Sorry but my English is not so good.
I think it is safe if each token has there own wallet for ERC20, because if you will choose one wallet in a different altcoin that would be risky I guess. Aside from that, I had no question about using one wallet in different coins. However, the decision still remain in your hands of course. good day. |
|
|
|
This is about coinomi wallet, I came across few posts on this forum saying they lose coins in coinomi wallet, some said coinomi wallet team insert a backdoor in the wallet to steal people's fund, how true is this?
Second question is, can you get me the list of open source wallet since coinomi wallet is closed source? What about trust wallet is it truly an open source wallet? Thanks
In the first place, I don't know about the issue does coinomi has before. But just I remembered before that there are some of the community saying that this coinomi is not good but some said it is good I don't between them is telling the truth. But of course, we can make our own research about their accusation about this wallet. |
|
|
|
In the next bull run, Do you also believe that XRP will reach this high or do you think that this is impossible? Are you one of those crypto investors that dislike XRP because it is centralized and most prefered to invest in other cryptos like bitcoin and ethereum? As the article said: "It is believed that crypto investors dislike XRP because it is arguably more centralized than Bitcoin or Ethereum." Source: XRP Price Could Reach $14 Breaking Out from Two-Year Bear MarketWell, in accordance with what you are talking about in Ripple, it seems to me that you are hyping or encouraging everyone to buy Ripple and hold in the long term, isn't it right? so when everyone or the majority of the community in crypto will buy a lot of it, of course, the price will get more increase. But as of the moment the price movement of Ripple was dumped in the market that's the reality happened now. In short, it is not possible I guess. |
|
|
|
hello, i was wondering if Eos can be a good investment for the future ? what are your thoughts ?
If I am going to check its status at the coinmarketcap(CMC) EOS isn't bad to choose as an investment form here cryptocurrency business. I think Eos is one of the good altcoins to hold in the long term based on my own opinion. Aside from this, I remembered there was a game in android giving an Eos profit, I forgot the title of that games but I think it's legit anyway. |
|
|
|
|
There are many options for us to have an account wallet for Ethereum, one of these is Trust Wallet, Metamask, Coinomi, or myetherwallet. But most commonly useful to me are Trust and myetherwallet. I had been using these two for a couple of years now. Then, the rest that I had mentioned at the above was also good to use too.
|
|
|
|
We are closing to the bitcoin halving event and the orice has already startes to act to the event as expected. We may now see a significant increase in BTC price as well. Is it a good time to invest some money on some altcoins, obviously on the top altcoins only.
Some of the altcoins now are good to buy then hold and one of this example are Beer, last 3 days ago it was 20 satoshi then all of a sudden the price spike at 90 satoshi, which means it has the potential to increase the price in the market and there's nothing to lose if you buy em then hold a for awhile. |
|
|
|
|
For me, bitcoin is much better than the real money at the moment. Because of the volatility, it became an advantage of bitcoin to other real currencies. It also became an opportunity for everyone who wants to earn or to have savings in the future as well. This might be the reason why it became big to them although so far it was a virtual currency.
|
|
|
|
Hi. I am somehow new in crypto world and I am wondering if anyone has any suggestions on where could I upgrade my trading skills? Any good website with this kind of info? Thank you.
If you really want to learn to trade, there are a lot of ways for us to achieve it. We have Google, where you can ask anything about you, wanna know via typing it to search. We also have youtube as well where there is a tutorial about how to start or apply to trade too. Then, we also have several forums discussing trading aside from this forum of bitcointalk, there are altcointalks, bitcoingarden, and many more. |
|
|
|
I have been reading a lot of articles on the forum and i have to say a lot of people are already giving up on trading due to some minor/major setbacks.
I write this article today to explain a few reasons why I think people are not really comfortable with the trading environment.
1. Lack Of Proper Trading Education
A wise man once said, " Lack of education causes lack of progress which in turn causes lack of motivation". Most new traders have a common believe that the trading market is a Fast Money Producing market which is very wrong. Instead of learning the basics of trading and develop a reliable trading skill they settle for Signal groups or end up investing in a scam so-called (money multiplier groups).
2. No Risk Management
I am a victim of "No Risk Management". In my earlier days of trading, i always try to maximize profits neglecting the probability of the loss if a trading day/week doesn't go my way. The market is becoming unpredictable day by day, therefore traders new or experienced need to have proper risk management regardless of your analysis of the market. I personally enter a position with a 3 -- 5% risk of my total equity.
3. Lack Of Patience
The trading market is not always green or red, it's unpredictable as I mentioned earlier so there will be good and bad days for a constant trader. The aim of all traders is to at least 10X their loss in profits but if this is not the same for you, you need to be really patient with the market and try and go through your analysis and strategies all over again. Sometimes it might even require you to change the pairs you trade.
Additional information and advice would be appreciated. Thank You, Stay Home, Stay Safe.
They are giving up because lack of knowledge that's the number one things, without it we cannot succeed in trading. Then, it will followed by your tips in this thread section. As a trader, we need to be wise at all cost and We also need to become a risk-taker as well. |
|
|
|
I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading. 1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money. 2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable. 3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE. 4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes. Some good tips from google: 5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money. 6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price. Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you. Not bad for giving a tips and reminders for all individual traders in the crypto business. This will give a big help to everyone, all the states in the above mentioned was certainly correct. Thanks, dude for this one, Good day to you. |
|
|
|
Stay away from Vindax exchange, they are scammers in disguise, I've withdraw since 48hrs now and I never received my coins and there is this unbelievable act of stealing, check this image below  The pictures shows that if you want to withdraw from Vindax you are only allow to insert two digit numbers after 0.xx , meaning every other sats after 0.**678889 belongs to indax after removing their high withdrawal fee, after all this I never received my coins I've been using vindax for a couple of months since February, and I've encountered several times that my transaction became delayed was, in the end, it transferred successfully to the wallet destination I put in. Just follow up your transaction to their immediate support then at once they will assist as much as they can for sure. |
|
|
|
Whattomine website shows that Ethereum Classic is presently the most profitable coin to mine presently, I think it will be better if OP can share the information of his or her mining setup, we don't know if it's an Asic miner or GPU mining rigs, if you can drop this then you will get cleaner answers
Thanks for these wonderful tips and advice mate, for sure that suggestion you gave now will become a big benefit in the future, for us to earn well in the crypto I will do what you just said about this matter. It was a privilege to read this type of advice regarding after bitcoin halving to look for an alternative way. |
|
|
|
|
Show Posts
