That's a good goal if you are just planning for 'money', but are you sure that altcoins you are buying are not shitcoins? There's a lot of shitcoins nowadays, so be careful. But I also believe that there are many shitcoins are still making money $$, even they are really a big shitcoin, money still there, so it's ok. What my I want to happen is altcoins should help the Bitcoin for it's problem or even in helping the adoption of Cryptocurrency.
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Alam ko gano kahirap ang buhay, lumaki ako sa probinsiya namin which is ang buhay doon ay sobrang hirap, behind masyado sa ibang mga city. Hanggang sa pagtanda ko naobserbahan ko ang buhay ng ibang tao, lalo na sa mga bundok sa probinsiya namin, especially sa mga kapatid nating Indigenous People (IP). Kaya kahit kunting kantidad lang ay makakatulong na rin ako sa mga taong hirap sa buhay, at nakaka proud lang na makakatulong ako gamit ang crypto currency which is dagdag tulong na din sa innovation ng teknolohiyang ito. Naway mas dadami pa ang may mga busilak ang puso. Ito ang aking donasyon: https://www.blockchain.com/btc/tx/a992bd6f6eb446bb0764b472e24511bc933ef21998228bc86ed55ebd16559931
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In your opinion, what is the main cause of the market is improving for now.
Market manipulation. Whales are pumping bitcoin for a bit, why? because they want cheaper bitcoin, observe the price of it on the month of April. It's more on sideways, until we still not breaking the $6,000 level, more dumps are coming, so stay safe. They are luring people to become bullish so they can sold their bitcoins. Don't get FOMO and always place a stop loss for every trades.
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Basically, day-trading is for experienced traders.
I don't agree that day-trading is only for experienced traders, it is much difficult to become scalp trader, like, in every minute you are watching in your chart, so the it takes too much time rather than doing day trades, you need to just analyze the chart by zooming it out, not concentrating on low time frames. I didn't say that day-trading don't have experienced traders.
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Though in day trading, a huge amount of profit we can earn.
But we can also loss huge amount. Day trading is also same with scalp trading, you can also earn huge profit and also huge losses, but on day trade, you can less your risk if you do risk management and planning ahead before entering the trade. And the most important in day trade is Risk Management, always set your target and stop loss.
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What are the best coins to invest and trade in at the moment? and do you have any potentials on cheap coins?
That is very hard question, you need to research more if we have suggestion for you. For this kind of situation, buy those altcoins with some fundamental analysis, like if they have mainnet or testnet incoming , or any big events that will affect the price. You can use www.coinmarketcal.com for that kind of information, and second, if you are buying cheap coins, make sure the volume is good, just like NPXS or SC, it is very cheap and still not pumping.
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Experience is the mother of knowledge. Start with an amount that you can afford to lose and practice real trading, as the time passes you would gain experience and that would be very useful in future trading.
This could be the best for beginners in crypto, I also learned this before I started crypto, I have many mistakes made. Especially when the time I started to trade, I didn't learn also the risk management, it is really good to start in a small amount and that small amount is good for practice how to trade and practice how to do the technical analysis and that will lead to your success in trading, step by step.
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Luckily for us, the Bitcoin price at the time, generated a small profit when that episode was shot and he even commented that the profit he made then, were the equivalent of 3 years of interest in a local Bank.
Not all, but if you bought the dip and suddenly pumps, that's you can tell that your profits are equivalent of 3 years of interest in a local bank, it all depends when we entered or bought. But, I encouraged people especially for those new in crypto, that they should not FIRST use crypto as an investment, they should first learn how it works or research first and gain knowledge before investing into it. So, they can't blame other people if there investment losses.
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As of now, it's more likely doing the 2014-2016 bear market. I'm still waiting for the huge dump (if that not happens, more sideways will come until 2020). The chart in the OP is super look-a-like of 2014 chart when the bottom was found and start the bull run in 2016. As long as we still staying above 200 EMA, I'm not comfortable or not buying it. Always stay safe everyone.
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~snip~ Will it then be wise to ask him to buy the coin at the present price or wait for the price to fall ?
Never ever buy at all time high, that's the risk. Unless you have your technical and fundamental analysis, that kind of things should be considered if you are asking us to buy entry of a coin. Best advice is wait for the price to fall, why? because there's no such coin in crypyosphere don't have retracement or price pullback, therer should be always a retracement, where you can buy. ~snip~ Do you still believe that all time is good for investment?
No! Not at all times, you need timing always and right entry even not on perfect entry. Additional, you should first research/study before you invest, just like what JPMorgan says, "I don't invest in things that I don't know".
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It will never end, maybe it will just an alternative of something soon. How long? for me, it will take a century to create another level of blockchain or bitcoin. It will just happen maybe on what happened on fiat currency? Like, an alternative of fiat is cryptocurrency, like Bitcoins. It takes so long, so many people created a virtual currency but ended up nothing. Since Bitcoin has the blockchain technology, it will last.
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I saw that before, and guess what, I entered on LTC at the price of $40.00. And my position is still open. I entered on LTC via pure technical analysis, no fundamental analysis involved. Litecoin is also good for long term position since I bought it at $40.00. I will hold it until my technical analysis is valid. But once it will break the current support, will take profits and close my position.
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3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.
This kind of skill is very important, especially for the newbies on trading. I encountered this since I started on trading, I always get too excited or getting FOMO every time when I do a trade before. I learned lessons from my past trades, every trader should really have patience, always stick to the plan or in your chart, when to entry and exit. Always think that if you missed that trade or entry, there's always another chance or much better entry points.
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Most ICOs except some exceptional ones have been very weak in this long bearish market.
Almost ICO on 2017-2018 are already dead now, most of them are really scam ICO, fake team, fake whitepaper. If that project is good, then it should not on dumping even on bearish market. Because they are active on their project and have commitment. Bitcoin going down to $1000 looks very unlikely since that will mean another huge dump for the crypto market.
It's possible that Bitcoin can go $1000 or in worst, below $1000. That could be the black swan of crypto if that happens.
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Now bitcoin is stable and many cryptos are pumping. It seems the end of the little bull.
Maybe you mean is Alt Season? I think so. Once the bitcoin dominance drop below 40%, I can confirm it's alt season. I still don't believe that we are already on bull run. Zoom out and you will see, you are on bear market, and for me, I still expecting more drops before we can cross on EMA 200 and that could be the start of bull run.
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I just received an email from them that they terminate all the IP address connected with the phishing site and now it's down as host error in cloudflare's error 522.
Glad to hear that . I'm thankful because they made an action immediately about that phishing website. UPDATE: I added one new browser extension on the list, which are Malwarebytes Browser Extension and a great desktop & mobile browser called Brave.
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which bitcoin trading platform is easy and reliable
There are lot of them, but my advice to you is to choose a trading platform that is secure, your funds are safe. Second, choose exchange with high volumes not fake, there's a lot of fake volume exchange, the good side of having high volume is, every trades has actions, so you can trade actively and analyze the chart comfortably. Last is for friendly-user exchange, easy to use and very straightforward, just like Binance, they have already a mobile application which is very comfortable to use.
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You mean lazada and shoppe is uma'accept na ng bitcoin/crypto payment? Never see any news article in google about this one?
Please read carefully ang sabi ko. Mas ok pa siguro pag mode of payment using cryptocurrency, like sa Lazada or Shopee......
I mean on this, mas ok pa siguro ito maging gamit ng crypto sa bansa (sa ngayon), mas makakatulong sa adoption ng crypto. Since, lazada/shoppe/any online shop ay patok na patok dito sa atin ngayon. I also some people using social media, like Facebook. Different facebook groups kumakalat sa facebook, like every city may isang group ng buy & sell for any items, like for cellphones only/motor or auto parts/ReadyToWear items. Nagkalat ito sa facebook. 4 out of 10 Filipino? So we currently have 104.9 million na katao. So you're saying na sa buong Pilipinas, may 41,960,000 na alam yung bitcoin? I think this is wrong. Base sa nakita kong article nung 2017, 5% lang ng mundo yung gumagamit ng bitcoin. Ang dami naman naten lol.
Hmmmm. My fault, may point ka , siguro nga tama si Lassie na 1 out of 10 pa lang nakakaalam ng crypto/bitcoin (not user).
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Ibahin ko prediction ko dito, since nakasali na ako sa isang prediction ni micgoossens. Iibahin ko ang price prediction ko but still same technical analysis by kababayan nating si Risk Trader. Based ito sa bear market during 2014-2016. For me, more sideways this 2019-2020 * if worst: below $3,000 is possible, sana wag naman* before any upward price actions. My prediction price : $3,895
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1.Day trading or short term trading? 2.Crypto to crypto or crypto to fiat trading?
1. Since you are starting, give a try first on day trading and use exchanges without leverage and friendly user exchange. 2. Since you want monthly basis profits with 10-20%, you can use fiat trading. So, even the price of BTC dumps, you don't mind, you are in fiat pairs. Advise for trading, please use risk management, always put your stop loss and control your emotion. Trading is very risky, but you can minimize your risk thru your emotion and with the help of risk management.
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