When you are a trader in this market. The first thing you do is learn. Learn about technical analysis, capital management and how to control your emotions.
Maybe, You are good trader. You can be a very disciplined person when trading, you always stoploss and take profit at 5-10% point.
But have you ever forgot yourself? it's just for a short moment.That moment is you falling in case with nothing to lose - a gambler's mentality. You drunk blood and completely forget about the discipline you set before.( Especially when you join the margin )
Why do you join the trade in crypto? This is due to fluctuate strongly of this market, "high risk and high profit ". And there is a bit of gambling in it. RIGHT?
You are right! Trading is like a gambling. This is because you will never know what will be the end of your trade but its worth all the risk once you start earning. Lossing might destroy trader's heart but when you learn to deal with it, it will not gonna stop you to engage once again on it. I start joining trading because when every crypto are red, the best way to earn is through trading. Yes, it is risky but risk is part of the whole picture in trading. |
|
|
|
Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
I agree with your observation. Supposedly, bitcoin will be used as a currency but as what we experience right now, people keep holding it and consider it as an asset that is good for long time investment. Even many establishments nowadays also accept bitcoin as a currency, the number of people with a mentality that in the future it will have an intrinsic value is greater than those people who consider it as a good choice to use as currency in their daily transaction. As the time goes by and more establishment will accept it as a mode of transaction, I think people perspective on bitcoin will change and use it as currency as well. |
|
|
|
The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has come up with a report on cryptocurrency entitled “Virtual currencies and central bank’s monetary policy: challenges ahead”. The finding of reports shows that cryptocurrency will not replace fiat currency, even in the long term. https://bit.ly/2NeLgLrWell, I think the result of their theory is still unripe and it is too early to conclude that cryptocurrency will not replace flat currency in the future. If we trace the history of money, during their time nobody expects that gold with truly intrinsic value will gonna replaced by paper money as a mode of the transaction but it does, and it happens and everybody is using it now. In relation with this, maybe during our time, researches and studies might results that money will never be replaced by cryptocurrency in the future but as the time goes by and technology continue to grow, it is no doubt that it is still possible that cryptocurrency will replace flat. |
|
|
|
Hello. I started trading a few weeks ago and i lost about 80% of what i invested (I invested in TRON, Ripple and Cardano). I started with 100 dollars and now i only have 22 to invest. I know its very little but im from Portugal  and don't have more money to invest. Can someone please give me some insights or strategies? Thank you in advance and i'm sorry if this is something i shouldn't do. Good trading you guys! As a newbie in crypto trading, it is better for you to invest first in coins with less than a dollar. You can try to invest in IOST and another similar token with less than a dollar in price. If you have a lot of patience and risk taker, you can try to invest in token during ICO where the price of the token is much lesser and have the potential to pump up when the ICO succeeded but prior to engaging in any cryptocurrency, remember the cliche, do not invest money you cannot afford to loss. Know the basics and nature of cryptocurrency so, you will not be affected by your emotions once your cryptocurrency deflates its value so you will know will decide accordingly when is the time to buy or sell tokens. |
|
|
|
Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.
Your friends advice are good but additional to their advice, you should have the courage to face risk. You should put in mind that once you engage in trading, there will always be two results: either earning or losses. You must have the right attitude to face whatever will be the result of your trading engagement. Continue learning is a must. But above all, you can only be a trader if you have the attitude of a risk taker and engage in trading. |
|
|
|
The number of bitcoin is only 21 million, is that enough for the future?
given the vision of bitcoin to become world currency?
what do you think of this?
Yes, it is enough. But I guess, it is not the bitcoin-only that will be used as one world currency but cryptocurrency as a whole. I believe that it is not about the volume but it is about the value and the functionality of the cryptocurrency. Besides, there are many other altcoins in the market. It is the principle on how cryptocurrency works that will be used in future. |
|
|
|
Hello, community. Political, economic and social news in the media significantly affect the life and behavior of the crowd. How can crypto news affect the movement of the market?
Crypto news will always have a domino effect on the movement of price in the market because many investors based their decisions on the current news and how crypto community reacts to the phenomenon. It is human nature to protect themselves against possible losses in the crypto world while they eagerly engage themselves in crypto world when everybody in the market is earning. The news is a basis that gives the crypto community a signal when is the right time to sell or buy cryptocurrencies. The crypto community attitude regarding the red or green days of cryptocurrencies also affects the growing number of crypto investors. So, we should show the attitude of optimistic rather than pessimistic attitude so, the burning interest of investors in cryptocurrencies will not be lost. If the crypto community continue to grow and more investors trust cryptocurrencies, the price of cryptocurrencies in the market will grow as well. |
|
|
|
So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
If an altcoin will gonna replace bitcoin's spot in market cap, then, it would be marked in history where investors will surely get crazy to have at least 1 pc. of that kind of altcoin in his portfolio. This phenomenon might happen but it takes a lot of time and gain a lot of confidence to the investors and market prior to achieving that. In bitcoin part, it would be a great challenge to its investors on how to get back its spot in the market. |
|
|
|
|
To find new bounty campaign go to the section of altcoin dicussion and bounty trends. Through this section you will see different kind of bounty camapign and it is up to how you filter it. To know better the legality of bounty read first their bounty program and also the whitepaper. Another is make an study or research to your prospect bounty program once. The other way to find new bounty program is in icobench.com/icos. This website can help you to find good and fresh bounty program.
|
|
|
|
What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.
I think the government cannot force bitcoin holders to pay taxes. Why? Simply because of the concept of bitcoin's anonymity. They cannot trace whose citizens have bitcoin and whose citizens who do not have. If they will add tax in bitcoin transaction, it will really add burden to bitcoin holder additional to transaction fee we paid upon processing a transaction. But no matter how we complain If the government will really impose taxes, we have nothing to do but to follow. If we cannot control it, then there must be proper and clear regulations to implement and follow. |
|
|
|
The forum is full of topics - “When Will Bitcoin Be Back To $...”, “Why BTC is under $...?”, “Final bottom at $...”, “Why BTC is down again?”, “Bitcoin will rise again ?” etc. The last two topics may appear in various forms a dozen times a day.
I looked at graph price of BTC out of curiosity. I have noted to the price floor:
2015 - $200+
2016 - $300+
2017 - $700+
2018 - $5000+
Do you see something frightening in it?
We all can see that price drops because of actions by a Governments and big whales. Because they have the means and opportunities. They want to break into the our market on advantageous terms for them. Okay, well, I mean, that makes sense. We knew it would happen. But why that have to affect us?
In December 2017, the most people said - "Why I didn't buy BTC for $500… for $1000… f#ck it!.. for $2000...", "I will definitely buy BTC if it costs $7k-6k!..". But now when the price drops so well for us, we see "The demand for BTC is dropping". Seriously?!
So, instead to take advantage of the situation, buy up coins and altcoins, attract new people in crypto world more active than before, a lot of people stuck in indecision and think whether crypto market falls to the bottom and stays there.
Guys, are you serious? Crypto world is made by us. Governments and big whales haven’t any tricks to rule our world. It will happen only if we do nothing.
What do you think about it?
Yeah! You nailed it. You are absolutely right. Instead of complaining, we should use it as an advantage to adding bitcoins into our portfolio. We should not look at the deflation price of bitcoin in the market today instead, we should widen our perspective and focus in the bigger picture of bitcoin throughout the history and its possible price in the future. Bitcoin already proves its capacity to recover and to grow your investment exponentially for just a period of time and I think this is enough not to complain and not to doubt bitcoin capacity. Besides, our perspective regarding the red days might also influence bitcoin price in the market. So, if we really want to experience bitcoin price inflation, we must look this phenomenon positively and bring good vibes in the market that encourage more investors to engage now in cryptocurrency and to kee trusting bitcoin capacity. |
|
|
|
Yes it is good if you don't have a job before joining crypto world but I will like to seek ideas from those that have reasonable jobs and I really want to know if you truly believe in Crypto so as to give away your job and fully dedicate full time to crypto or its not worth leaving everything because I see it as a long journey which I need to learn everyday.
You should always put in mind that cryptocurrency is volatile in nature so, the possible income you might get from engaging in cryptocurrency is not fixed (your income depends upon the price of bitcoin in the market) meaning, it will never give you a stable income. I am a great believer of cryptocurrency and its possible role in the future. But for me, it is still practical to have a stable source of income and make cryptocurrency as an additional source of income. Crypto might give you a better future but it requires time, patience, proper understanding and as what you said, you have to learn every day before you will achieve that. |
|
|
|
There so many ICOs coming out everyday. The market can't support thousands of ICOS. This has to stop.
Yes, you are right, that is the reason why many ICO fail while other became scam project. Each ICO has its own unique project proposal that offers their possible role in the advancement of technology but identifying which is good and which has not become a great challenge to many investors. It also brings doubt and confusion to investors whether ICO is a good choice to invest with. This concern must be properly addressed so sprouting of new ICO every day will be reduced and those ICO with great potential to succeed will be allowed to launch. It will be only possible to happen if there will be rule and quality control to be passed prior to launching and introducing in the market. |
|
|
|
A friend of mine in South Africa phoned me yesterday and informed me that another person died yesterday in a cash-in-transit heist. These robberies have increase significantly in the last couple of months. See link below : https://businesstech.co.za/news/banking/246259/there-have-been-135-cash-in-transit-incidents-already-in-2018/ This got me thinking, Why do security guards and cops and sometimes even civilians have to die for other people's cash? The current Fiat system increase the probability that people have to die, because cash have to be moved from one location to the next and merchants need to have cash on site for their business. How many clerks working at merchant locations have to die for their owners cash? <7Eleven / Corner shop / Malls> Bitcoin can reduce this today! The adoption of Bitcoin remove the need for cash on location, so the robbers have no need to hurt or kill people to get to the cash. The bitcoins received can be deposited directly into a Bitcoin address at a safe location or at a third party payment processor and transferred electronically to your Bank, if you want to convert to fiat. The employee or clerk working at your shop cannot steal your money or be in danger, because he or she does not have physical access to the money/bitcoins and this money does not need to be transported, so the security guards are not needed. Let's increase Bitcoin adoption today, and save lives! I agree with your idea that increasing bitcoin adoption today might save lives. I also appreciate your thought on how bitcoin might reduce crimes related to stealing cash. But I think, it cannot end this kind of crime as a whole. This is because we are living in a world where bad people always find ways to victim other people. They innovate their ways as well just to steal other's money but the good thing about your idea is nobody will risk their lives just to protect their/other's money from bad people. |
|
|
|
Bitcoin prices have never been so low this year. Prices were down to 5,826.41$ (Jun 24 2018 16:04:00 UTC). Many advisers say that at the end of the year it will hit 30,000$. The market is seeing more than the fall from the price rise. Imagine when the speculation will end?
Right! Many speculation nowadays are very rediculous and they are settin peoples mind that the ends of 2018 the price of bitcoin is much more than the price of last year December 2017. But in reality the price of bitcoin nowadays too far from the expectation and speculation of expert. Previously the price of bitcoin fall to the lowest price of it and it is the lowest price fall of bitcoin since before. And experts are setting mind of people likes a fairy tales story that it have a happily ever after. |
|
|
|
|
Yes! Right now is the ideal time to buy ethereum. Since the value of Etheruem nowadays is less than 500 USD, it is good opportunity to buy Ethereum at lower price. Then hold it until the price hit again to 800 USD or even more. Ethereun s still potential altcoin nowadays and keep holding it until th future will give an assurance to gain good return from it. Also, ethereum nowadays is one of the most stable and strongest currecy even it is experence price stagenant. As my advice to you, don't hesitate to bay ethereum nowadays because possible the value of it recover in a few days.
|
|
|
|
Hey guys, where do you store your tokens? On your ethereum wallet or on an exchange, or maybe you store your tokens somewhere else? Give me some recommendations, where my tokens will be in complete safety?
Most of my token stored at MyEtherWallet and once I need it to convert to fiat, I transfer my token to my exchange account. There is instance my token is directly stored to my exchange account to avoid transaction fee. Storing your token is always depends on you and what will you choose wallet as long as your token is secure there is no question what wallet you will choose. |
|
|
|
I have some basic and helpful tips to share to overcome negative thoughts and become successful in cryptocurrency whatever happens.
1.Positive mind. We should always think positive whatever happens on the market.
2.Risk Taker. When you enter in crypto world,you should know that it is risky. So you must be a risk taker person.
3.Strategy. During the market crash you should have an alternative strategy on how to earn even a little despite of the market situation.
4.Hope. Do not lose hope. Always think that everything will be alright soon and market will go back to normal.
5.Patience. This is the very important to become successful not only in crypto but in everything we do we need it. Always remember "Patience is the Key to Success"
Right! This tips are very helpfull to everyone. Everytime the price is going crash think positive is one of the graet idea to. Also, once the price fall it is good opportunity to buy in cheaper price. Keep calm also can help to make good decision every time the price fall. Be petiance and make a good strategy can help to earn profit constant even whe the price is falling. And every price fall there's always a hope behind in it. |
|
|
|
Ever since bitcoin price started dropping, most of the threads i see here are : is bitcoin dying?, will bitcoin go green again?, should i hold or sell? etc. I laugh when i see such threads. Every business has a window of opportunity when the market is ripe to enter. This is the time to invest more in bitcoin. Every good investor see every dip as an opportunity to buy more bitcoin and hold. The weak ones see dips and they start to shiver; selling all their bitcoins, even including their altcoins. Please community members, the way we are handling this drop in bitcoin will scare new members from even investing in the coin which will cause a further decrease in the price and the unexpected might happen. Let's have a healthy discussion about our coin even in hard times, and it will attract more people to invest and eventually pump the price again. Friends what do you also think?
Good observation! You nailed it. Many investors are complaining while the cryptocurrency price is low which I think normal reaction for anyone who thinks that his investment continues to drop. Their reaction is just a product of their depression that might lead to panic selling of their bitcoins and their altcoin possession that they might regret when the bitcoin price recover again. This phenomenon should not treat pessimistically instead optimistically through taking it as an advantage to add crypto possession into their portfolio instead of selling it. I also agree with you that healthy discussion must encourage. I also think that more information dissemination regarding the bitcoin volatility nature must discuss so, new investors become confident to enter into the crypto world if they understand that the inflation of price is healthy in this market. |
|
|
|
Many would have had a dream of owning atleast one bitcoin and just before two months,they would have thought their dream may never come true due to ATH price of bitcoin reaching almost $20,000.But now with the sudden downfall in price,atleast bitcoin had made some of their dreams come true.
Now even more people are owners of atlest one bitcoin.
But they would not satisfy and would expect to hold another bitcoin but bitcoin may not help it to become true as its price has started to recover.
It is indeed true. Because of the high price of bitcoin in the market for the past years, it is very hard to invest 1 bitcoin to an ordinary people especially those who live in a Third Class Country. The dropping of bitcoin price now gives the opportunity to those who do not have bitcoin to their wallet yet to at least possess one now. Meaning, even the red days of cryptocurrencies is rocky road for some investors, it is a smooth road for new investors to enter to crytpto world. |
|
|
|
|
Show Posts
