Booking reliable profits in the financial markets is harder than it looks at first glance. In fact, it’s estimated that more than 80 percent of all participants eventually wash out and take up safer hobbies. But the brokerage industry rarely publishes client failure rates, since they're concerned the truth might scare off new accounts, so the washout rate could be much higher.

Long-term profitability requires two interrelated skill sets. First, we need strategies that make more money than they lose. Second, those strategies must perform well while the market shapeshifts through bull and bear impulses, with plenty of choppy periods in between. While many traders know how to make money in specific market conditions, like a strong uptrend, they fail in the long run because their strategies don't adapt to inevitable changes.

So can you break away from the pack and join the professional minority with an approach that raises your odds for long-term prosperity? Start with a clear and concise plan.

Now, internalize these 20 rules that long-time pros use to stay in the winner’s circle.

Follow Your Discipline
Discipline can’t be taught in a seminar or found in expensive trading software. Traders spend thousands of dollars trying to compensate for their lack of self-control but few realize that a long look in the mirror accomplishes the same task at a much cheaper price!

Lose the Crowd
Long-term profitability requires positioning ahead of or behind the crowd, but never in the crowd because that’s where predatory strategies target. Stay away from stock boards and chat rooms. This is serious business and everyone in those places has an ulterior motive.

Engage Your Trading Plan
Update your trading plan weekly or monthly to include new ideas and eliminate bad ones. Go back and read the plan whenever you fall in a hole and are looking for a way to get out.

Don’t Cut Corners
Your competition spends hundreds of hours perfecting strategies and you’re in for a rude awakening if you expect to throw a few darts and walk away with a profit. It’s even worse if you cut corners in the rest of your life because that bad habit is much tougher to break.

Avoid the Obvious
Profit rarely follows the majority. When you see a perfect trade setup, it’s likely that everyone else sees it as well, planting you in the crowd and setting you up for failure.

Don’t Break Your Rules
You create trading rules to get you out of trouble when positions go badly. If you don’t allow them to do their job, you’ve lost your discipline and opened the door to even greater losses.

Avoid Market Gurus
It’s your money at stake, not theirs. Keep in mind that they're probably talking up their positions, hoping the excited chatter will increase their profits, not yours.

Listen to Your Intuition
Trading uses the mathematical and artistic sides of your brain so you need to cultivate both to succeed in the long run. Once you're comfortable with math, you can enhance results with meditation, a few yoga postures or a quiet walk in the park.

Don’t Believe in a Company or a Product
If you're too in love with your trading vehicle, you give way to flawed decision-making. It’s your job to capitalize on inefficiency, making money while everyone else is leaning the wrong way.

Get Your Personal Life in Order
Whatever is wrong in your life will eventually carry over into your trading performance. This is especially dangerous if you haven’t made peace with money, wealth and the magnetic polarity of abundance and scarcity.

Don’t Try to Get Even
Drawdowns are a natural part of the trader’s life cycle. Accept them gracefully and stick to the time-tested strategies you know will eventually get your performance back on track.

Pay Attention to Early Warning Signs
Big losses rarely occur without multiple technical warnings. Traders routinely ignore those signals and allow hope to replace thoughtful discipline, setting themselves up for pain.

Don’t Confuse Execution With Opportunity
Traders make up for insufficient skills with expensive software, prepackaged with all sorts of proprietary buy and sell signals. These tools interfere with valuable experience because you think the software is smarter than you are.

Play With Your Head, Not Over It
It’s natural for traders to emulate their financial heroes but it’s also a perfect way to lose money. Learn what you can from others, then back off and establish your own market identity, based on your unique skills and risk tolerance.

Forget About the Holy Grail
Losing traders fantasize about the secret formula that will magically improve their results. In reality, there are no secrets because the road to success always passes through careful choice, effective risk management, and skilled profit taking.

Ditch the Paycheck Mentality
We’re taught to grind through the work week and then pick up our paychecks. This pay-for-effort reward mentality conflicts with the natural flow of trading wins and losses during the course of a year. In fact, statistics indicate that most annual profits are booked on just a handful of days the market is open for business.

Don’t Count Your Chickens
Feel good about a trade that’s going your way but the money isn’t yours until you close out. Lock in what you can as early as you can, with trailing stops or partial profits, so hidden hands cant pickpocket your success at the last minute.

Embrace Simplicity
Focus on price action, understanding that everything else is secondary. Go ahead and build complex technical indicators but keep in mind their primary function is to confirm or refute what your trained eye already sees.

Make Peace With Losses
Trading is one of the few professions where losing money every day is a natural path to success. Every trading loss comes with an important market lesson if you’re open to the message.

Beware of Secondary Reinforcement
Active trading releases adrenaline and endorphins. These chemicals can produce feelings of euphoria even when you’re losing money. In turn, this encourages addictive personalities to take bad positions, just to get the rush.

The Bottom Line
The vast majority of traders fail to tap their full potential, eventually cashing in their chips and finding more traditional ways to make money. Become a proud member of the professional minority by following classic rules designed to keep a razor-sharp focus on profitability.


All of these rules seem to me pretty useful so I have shared them with you. By the way most of all I liked the rule about avoiding the obvious.
The original article is available at https://www.investopedia.com/articles/active-trading/022715/20-rules-followed-professional-traders.asp

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Summary: Citibank has created something they call a "digital asset receipt(DAR)" which could allow purchasers of bitcoin to have banks hold their coins. The details aren't clear. There isn't much information posted here about minimum purchasing amounts or who digital asset receipts will be marketed to. Its nice to see innovation and new offerings for crypto enthusiasts. Although I have a feeling these digital asset receipts might come bundled with $100,000 dollar minimum investments and cater only to high(er) end demographics.

I would guess some would opt for DAR's if they could provide insurance on bitcoins and crypto up to limited amounts.

What would be your thoughts and prediction to what will happen in 5 years from now in Crypto?

Do you see higher values?

Do you see less projects?

Do you see a merger of many projects?

Tighter Regulation?

More acceptance?

Society in general?

I have done some bounties and now my wallet has few tokens balance. So I need to know about trading. I searched and learned some points of trading. But I think my knowledge of trading is not enough for trading with this unstable market. So can anyone give me advises about trading. Or can anyone post some links of articles to read about trading charts. Thank you....

This is my new article, I am posting it here for discussion, thx for your comments. original article medium link is https://medium.com/@paul.fabozzi/what-makes-bitcoin-so-special-6734b54f689

What Makes Bitcoin So Special
And why a “better” version of Bitcoin won’t replace it so easily

Bitcoin, an invention by the anonymous cypherpunk Satoshi Nakamoto is the worlds first successful cryptocurrency. Prior to Bitcoin it wasn’t possible to pay anyone on the internet without having intermediaries or middle men involved. Shortly after its introduction many variants of it arrived on the scene called altcoins, with promises of faster confirmations, better scaling, better privacy features, and with more robust smart contract support. However Bitcoin holds far more value than any of the newcomers. Where does this value come from, and why do so many consider Bitcoin far superior? This article will explore some of the properties of bitcoin and how they come together to make something truly unique, and not very easy to duplicate.

Decentralization

There would be nothing special about Bitcoin if it were not decentralized. Its that its decentralized that gives it such appeal, nobody is in control, and that’s good. Its natural to want to solve problems by centralizing the solution, but as you do this you create centralized power, which is basically what bitcoin was invented to replace. Bitcoin was invented to be the peoples money, not a crypto PayPal.

Decentralization is not always black and white, or yes/no. It’s a scale, and this scale is always under constant pressure. Sometimes centralization attempts are hidden from view, disguised as scaling upgrades. Bitcoin has resisted these well-coordinated attacks on the network successfully.

Bitcoin was born in the wild of the cypherpunk internet back corners, and has grown decentralized from there organically. Its, still anonymous inventor (Satoshi Nakamoto) disappeared shortly after starting up the network, and since then the software that runs the nodes are developed and maintained by thousands of volunteers and contributors. Even its development is the most decentralized.

Decentralization also means there is nobody to ask permission to use it, nobody who can sensor it, no way to keep transactions inside real world borders, nobody who has ability to seize funds or reverse transactions, nobody to ask permission to start a new application or startup on it. These qualities are all features, not bugs.

Bitcoin has the highest overall level of decentralization among all cryptocurrencies.

Immutability

One of Bitcoins most valuable properties is the immutability of its blockchain. To be immutable means it cannot be changed, and having an unchangeable ledger is something that has never been possible before bitcoin. This is where bitcoin and all of the other coins are different, none of the other coins or altcoins can claim to have a truly immutable ledger or blockchain. Bitcoins consensus algorithm is what regulates and controls how bitcoin works, and it’s very difficult to change consensus without all the interested parties agreeing. There is no president or founder who can wave their magic wand and force consensus changes upon the network like all the other altcoins have. There is no one person, or group of people who are in control of bitcoin, and that’s good.

A certain level of inertia in regards to the consensus algorithm exists in bitcoin that is beneficial to its immutability. You generally don’t want to have a system that can be changed very quickly on a whim containing Billions of USD worth of value. For instance, if it was decided by the miners that the mining reward needed to be doubled, such a proposal would be met with great resistance from the other interested parties, and would fail. (*Bitcoins interested parties include bitcoin holders, wallet software developers, miners, developers, merchants, application developers, and others. )

As a side effect, while bitcoin adoption grows it will be harder and harder to get network upgrades into consensus to support increased scaling, and improved privacy features that are on the developers roadmap. Eventually it will be impossible to change the consensus algorithm and it will be locked in stone.

· Bitcoin miners provide the processing power that secures the Bitcoin blockchain with 50,599,447,508,000,000(as of this writing) SHA256 Hashes Per Second. This hashing power significantly contributes to the security and immutability of the Bitcoin blockchain.

· To be able to keep a secure global immutable ledger without having any intermediaries involved is a tremendous advancement in modern financial technology.

· Participants in such a network should also expect reduced counter-party risk exposure.

Antifragility

Antifragility is a property of systems that increase in capability, resilience, or robustness as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. — Wikipedia.org

Bitcoin has been under constant attack ever since its early days. A network that, as of this writing, holds $110 billion in value makes for a big honeypot. As a result bitcoin has developed a certain immune system that continues to improve into the future.

• One of the early fixes to the early bitcoin protocol was to make the script language turing incomplete, which means you cannot write very complex smart contracts on its blockchain. This was removed from the bitcoin protocol because it introduced a broad attack surface. The removal of turing complete scripts from bitcoin hardened it and protected it from many possible attacks. It was decided early in Bitcoins development that it would favor safety and security over flexibility. Many other adjustments have been enacted along the way in response to the constant barrage of attacks.

To say that bitcoin has survived and thrived in this environment is an understatement. Bitcoin has never once suffered a hack to its protocol, not once has an invalid transaction been included into the blockchain, not once has a transaction been reversed after suitably being recorded onto the blockchain. Sure, many have had there bitcoin hacked, but its important to know that all of those cases are of people being sloppy with their private keys. Bitcoin was not hacked, your keys were stolen. If you are sloppy with the combination to your safe, don’t be upset when you find it empty. Not your keys, not your bitcoin.

I expect that bitcoin will continue to adapt and evolve in response to future threats.

Scarcity

Bitcoin could possibly be the most scarce asset on earth. There will only ever be barely 21 million bitcoin in existence. Taking into account its decentralized nature, and its immutability, and the inert nature of its protocol development its hard to see this ever changing. With over 7 billion humans on earth, there are not many to go around. fortunately each of those bitcoin can be broken into 100,000,000 units called Satoshi.

Unlike gold when the demand for bitcoin quickly rises, the miners cannot just increase the supply in response to increased demand. There is no way to just mine more bitcoin in response to demand. This dynamic along with bitcoins schedule of diminishing mining rewards will contribute to its rarity as adoption grows. This could produce a market cap many multiples of where we are today in a short period of time.

Many of the altcoins have no coin cap, or have such weak security model that the cap can be changed by decree.

These properties are conducive to the bitcoin network being a great store of value outside the traditional monetary system.

The lightning Network

In early 2018 a second layer network on top of bitcoin began to run, the Lightning Network. This new network promises to solve many of the scaling challenges that are inherent with recording every single global transaction onto the blockchain. The Lightning Network basically allows for many off-chain transactions to take place that are periodically settled on-chain.

The Lightning Network also easily allows for micro transactions, streaming money applications, and a new kind of transaction called atomic swaps, swap Bitcoin for Litecoin without an exchange in a trustless environment. Many other applications are being built on top of the lightning network, many more still have not been thought up yet.

Further when making lightning transactions there is never a need to wait 10 minutes for transactions to confirm into a block, like you would when making regular on-chain bitcoin transactions.

With a good lightning wallet, and a few bucks worth of bitcoin in a payment channel you (And everyone else on earth) will be able to get that allusive cup of coffee every morning with bitcoin and not break the network.

The Lightning Network is just one of many possible layer 2 networks.There are also plans for a second layer network www.rsk.co that will support rich ethereum style smart contracts (turing complete) with bitcoin(BTC) as the token. With all the new capabilities made possible by the 2017 segregated witness upgrade to bitcoin, its possible that many nich cryptocurrency applications could be handled on a second layer using bitcoin as its token.

In Conclusion

In modern-day times its natural to think that if something is brand new, just wait and a better, faster, cheaper version will be out soon enough. This is certainly a contributing factor to the allure of altcoins. However Bitcoin has developed in a way that may be impossible for it to be replaced. It seems that the really important properties don’t come along when its copied.

I think everyone is pretty aware of how offline loan system works, especially with credit card scores and all that. So, how is the idea of Crypto backed fiat loan is? At least, it is what Inlock is pretty much about.

With no credit card score tension for loan and no complicated contracts, is it not something you will prefer ANY DAY of the WEEK? I don’t know about others, but I will certainly believe in doing so! So is this not ANOTHER concept that Crypto industry is cracking up for betterment?

Hello community. I recently started trading with Android on Binance, everything works simple and clear. Does anyone trade with Android on other exchanges? what exactly? share your experiences. Thank you.

Some people claim that Bitcoin will revolutionise the world of centralised systems and on the other side some people think that bitcoin is related to criminal activities. But what is it really about Bitcoin that has led all of us to pay attention to it? For decades we have been fighting for the alleviation of poverty but with the current financial system in order, it is a dream to make everyone feel inclusive especially the ones who have been ignored by the  current banking system for a long time. It's time to let the people know that they have this revolutionary technology in their hands that could end their search for “how to alleviate poverty”?
Bitcoin has the potential to do that. Poverty is mainly caused by these three phenomenons:
Hyper Inflation
Corruption
Financial Exclusion

-Hyper Inflation
Inflation occurs when fiat notes are floated in the market but are not backed up by value. Hence hyper inflation is when the prices increase to an uncontrollable level. Bitcoin are limited in number. When the amount of currency being floated in the market remains limited, there are least chances of inflation and almost none for hyperinflation.

-Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.

-Financial Exclusion
Financial institutes, specifically banks,  at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.

The best part of bitcoin is that it doesn't stop anyone from utilizing it,  like internet or a radio. It has no limitations to its implementation.

Lets assume bitcoin makes it through all the barriers and survives the rules and regulations of the governments and yet is decentralized.
It is widely adopted and many people have started to use it. Bitcoin has grown to thousands/millions of dollars in price causing huge volatility.

If there are so many people using it on a daily basis, won't the volatility cause huge fluctuations in it's price ?
If bitcoin has such huge volatility how will it be able to sustain it's price ? The fluctuations in price will cause problems to merchants.
So according to what I think, if there is not a solution to volatility then BTC cannot be used on a regular basis for payments in various places of the world.

Eg: One day I go and check a guitar's price about $100 and then a week later I go to purchase it just to notice that I would have to pay more BTC this time just because of the drop in bitcoin's price.

hello suggest please 2-3 altcoins/tokens who you can think can do x2 x3 easy till the end of this year .

Hello, bitcoin community! I would like to share a link to an article about biggest leverage rates that bitcoin (and others as well) can have right now in the market https://www.cryptocointrade.com/trading-blog/where-can-i-trade-crypto-with-the-highest-leverage/. What do you guys think? Is bitcoin trading enriched by a 500x rate and have you ever used it on your own?

As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?

As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?

I have been reading a lot of documentaries in the internet (maybe a little bit of too much)

So the question is why?
For someone to create something he must have a will to do it. He must have found something which is wrong with the currency that we are using now specially USD.

It is not written in his whitepaper.
So what could it be?

Suddenly after a successful programming and all the editing he have done which could be seen in this forum he vanished.
Is there a threat to his life?

Roth - when you google it one word or name suddenly pops out.

The Rothschild family is a wealthy Jewish family descending from Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Frankfurt, Holy Roman Empire, who established his banking business in the 1760s.

500 trillion worth. This goes on to their family from centuries ago until now.
Could they be a reason behind the sudden disappearance of Satoshi?
He is creating a currency where no one controls it. He became a threat. It could be a possibility.

Am I just full of imagination or it could be a possibility?
Please let me hear your opinions.

Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.


1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners  would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.


2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.


3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.


4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.


As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive

As we can see each and every transaction for bitcoin is publicly registered to the blockchain where in all of us have access, so I am just thinking if anonymity or providing privacy will be the next move for bitcoin. Just my thoughts, you can add yours here and let's discuss it.

There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.

If bitcoin were to be accepted, on the condition that it should be regulated. Do you think it should be done, disregarding its decentralized nature?

Hi...Guys

What you think about the Asian county like China and India have impact on cryptocurrency and blockchain adoption and price. As they have the majority of population ( After government regulation)

I want to know about tradding in details. Where can i find usefull tutorial about tradding? And i also want to know tradding is really good for earning money or it is a loss project??
Advance thanks for Answer.

we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion