Bitcoin can have some meanings for people depending on themselves and their usages. For many people bitcoin is an investment asset just like gold they will hold it in long term to get profit out of it for many other bitcoin can be a key to freedom because they can do any transaction and none can track them ever. In my own idea, using bitcoin you can be free and rich both in same. Some other people believe, sooner or later bitcoin will take fiat's place. Generally, this can have several usage depending on yourself.
Bitcoin makes people both rich and free at same time depending on the user, presently many people are self employed with bitcoin related activities and makes cool cash even more than most companies workers, and also gives people freedom by giving them full access to their money unlike the banks, and also bitcoin gives people privacy allowing users being the only one who can access their wallet and this is why most government hates bitcoin. |
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The market crash was supposed to be a good opportunity for everyone but unfortunately many people taught it's a full bear circle which just started and didn't grab this opportunity, the FUD created by the China government and Elon Musk made most people in the crypto world to loose hope on crypto rising again this year, but luckily for us all we are in a bull run season 2 so suddenly, well the brave ones who bought the dip are all in good profit right now.
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No one can be sure of anything, otherwise, everyone would've become rich.
The signals that are offered by some services and telegram bots usually predict the price increases based on the sudden increases in trading volume.
I like the part you said if the market could be predictwd then everyone did be rich, well it's true tho. For me I would advice a person new to crypto shouldn't just trade with signals alone, they should try to learn and make thier own trade which will be best for them, because a good singnal wrongly used could still turn out bringing a bad trade, so it would be better to learn first before entering the market, well or better still trade with signals while learning, this will actually boost his knowledge in trading. |
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2. Buying alts when the markets in general isn't necessarily a bad thing when talking about trading, because buying at rising prices with high volumes is a thing that could be taken advantage of.
Yea it's true buying when price is rising isn't a bad idea because there would be enough trading volume and also high volatility which could fetch enough profits, but when this becomes bad is when traders or investors buys at the top which is really very risky because there could be a big correction which will cause loss to people who bought at this point, and this is where people really get emotional, because not everyone can bear the pain of seeing his capital depreciating. |
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For me i don't really welcome much losses, I try to make sure my trades are good enough and onset and if a trade gives me a loss I will check if I got enough equity I will do hold on the trades and be rest assured it will end up in profit. Well I think the amount of loss I can handle depends on the account size, if I got a bigger account then I can handle up to 3 or 4 loosing trades and if the market doesn't moves in my favor I will know such strategy isn't working for me any longer so I did change pattern of trading
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He's actually right cuz the rate at which shitcoins are coming out this days is alarming, coins that are created to enrich the creators only, I'm starting to feel like this smart contract released by Ethereum was bad idea, cuz before it was created they were only a few coins in the market and they all had their own blockchain running, but after ethereum smart contract release thousands of shitcoins have been rained on the market.
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Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
Yes, you can get some percentage of reward when you stake your coins, I actually find it really userful as it helps to build more confidence in a project and also make you earn some rewards from the big bag you've in possession, I love it more because for me staking is just a good way to hold your long-term coin and still earn more coins from it, although the APYs are not that massive, but it's better than holding your coins in your wallet for a whole year and end up now receiving any reward. |
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We know that Bitcoin is the best coin of all. Which is the best for you after Bitcoin?
Ethereum or Bitcoin Cash? Give your opinion with logic in favor of your opinion then everyone will benefit. But I think Italian is more popular among Ethereum and Bitcoin Cash. Looking forward to your important feedback.
Of course bitcoin is the most loved coin in the crypto industry, becuz its actually the best cryptocurrency ever while after Bitcoin Ethereum is next in line because it took innovation to another level when they invented the smart contract, I don't see bitcoin cash getting much love since they are beefing and calling bitcoin a shitcoin, instead they say bitcoin cash is the real bitcoin which is a really lousy thing to say, maybe bitcoin cash would have had much love like Ethereum if they didn't try to diss bitcoin. |
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Polka dot is an open-source project that works with shared protocol that enables Blockchain Networks to work with Synergy. The token serves three distinct purposes; Governance, Staking and Bonding. This is designed to co-exist with Leading smart contract Blockchains rather than competing with them. This is very appealing factor for some Investors. It won't be easy for the Polka dot to challenge Ethereum as many working projects are already using Ethereum Network even though Technically it is superior project but It is already Home of 197 projects those are working on its networks and many more willing to join it.
This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.
If I'm not mistaken, dot was among the top 5 cryptocurrencies a few months ago? But now bnb and cardano are fighting really hard for that spot and cardano seems to wining cause with the smart contract hype it has at the moment bsc doesn't stand a chance, I think Polkadot should try beating cardano or bsc first, killing eth is still a long shot for it,there's no eth killer anyway. |
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BitTorrent was a trending coin at one point in time but not anymore, personally I don't have any interest in BitTorrent, it's just an over hyped by justin sun and I think maybe he has lost his hyping power, cuz I no longer hear much about him anymore, BitTorrent, sun etc they are no longer trending coins anymore, I don't know if BitTorrent will pump either since it all depends on the market buy, do your own research before buying it anyway. |
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I'm just fade up. Unable to understand the crypto market. There is a talk about market crash will be happened soon but so many months have past but no result. Even people are now believing that, crash won't be happened at all.
Kindly share your opinion with logic. What do you think?
Is this bull trap? We are going to experience the crash soon?
Or crash is already end (btc from $60k to $30k) and this is the began of the new ATH, sunrise of crypto market from Now
People say alot of stuffs, they are all sentimental analysis, no one can actually tell if the market will pump or crash, stop stressing yourself over all these sentimental analysis, if you believe in bitcoin becoming one of the most prominent currency in the world then you shouldn't be bothered by all these things, just buy and hold for the future, bitcoin will always get back up after every fall. |
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There are so many impatience people that missed important details sometimes, and lose the chance to make bigger profit because they didn’t analyze the market in the first place.
please be patient.Valuable coins need time to grow.
I am not mean that all altcoins are worth to wait.Just wait selectively.
One thing we must to remember that our goal is to make profit,so Patience should be based on your target price.
Anyone who have been in this space long enough knows that you can't just become rich through crypto investment over night, it takes a very long time, at times it takes a few years eth was launched at just $0.7 cents after about 4year+ now it's work over $3,000 I hear alot people saying they bought eth at that price and dumped at $7, today they are regretting it badly, holding and been patient always pays. |
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I do not advise anyone mostly the newbies to start big. You will never know how much you can lose as someone who's still testing the market.
It is best to test only with small amounts so you can formulate your strategy and you're going to have an idea how much you can earn and lose with your quick trades.
Rightly said! As a newbie trading with big capital they won't be exposed to the fact they can likely loose everything, and since it's a big capital there might not be cautios and keep repeating same mistakes due to the fact the capital is big they would just keep trying often and often not identifying the actual cause of thier lose, but a little makes a newbie more cautios and would likely learn about risk management quickly because he wouldn't want to blow up his account so soon. |
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It is best to learn the basics first about trading well and correctly and try to learn to read charts from experienced traders, and practicing on a demo account is also important because there you can do and learn with non-real coins.
and whatever you learn doesn't mean you will become a great trader, it all requires a process and experience that will help you become a very careful trader because you learn from mistakes and losses that will not repeat the same mistakes.
I don't know Buh I think there is no demo trading for crypto, we only got that in the forest space. Sadly most newbies don't go deep into trading learning much about it, they learn the basics which could be just executing trade but there is more to crypto than just placing trades, that's what most of them don't know and they get rekt within a short period of time, I did advice strive for mastery, not only learning the basics or knowing the theory part, they should try to put their knowledge in practice by starting with a smaller capital and try growing it. |
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While traders using stop loss are very very common(understandably so), some people simply doesn't like using it simply because it doesn't apply to their sort of 'style'. Always remember that trading strategies are going to vary from person to person.
Style of trading you said? No kind of styles in trading that wouldn't work with stop loss, many people are really not seeing the importance of stop loss till something bad happens, am talking from experience am a victim of same circumstances, I believed am good at what am doing, managed my risk well and got enough equity to withhold any dip so no need for stop-loss, but a day came where the market crashed and everything tradeable was badly bleeding and I got rekt, I learned my lesson the hard way. |
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I prefer laptop to any other device, reasons because it has a bigger screen which could make drawing of lines across candle sticks much easier and also makes analysing chat so easily, well I don't trade up to four hours a day but i can say am good at trading but not perfect yet, can anyone actually be perfect in trading?. Any good trader would agree with me that trading with system seems more convenient and also gives us perfect views of chart patterns.
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Coins are not ranked according to their price. Ranking is according to market cap. For example, according to Coingecko number 3 coin is ADA which costs only $2+ per coin. But there are many coins such as BNB, BCH, LTC, LINK, DOT which cost much more than ADA.
. Yea the comparison is not within the price but the market cap, if it's by the price then ADA shouldn't be among the top 10 cryptocurrencies. No matter what bitcoin can't be compared to ETH, they both have their different reasons of creation and works perfectly in their own lane, bitcoin will always be the number one cryptocurrency, the most popular and trusted and I think it will still hold that position no matter what happens I don't think Ethereum will flip bitcoin in the near future. |
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One of the reasons why binance smart chain becomes this big right now is because ethereum gas fee is very high and this force some projects to switch to BSC but what do you think will happen once ethereum gas fee goes lower in near few months? Will BSC faced same fate as binance DEX? Or BSC will remain the better option over ethereum?
If that's the only reason then Ethereum should just fixing it, paying $50-$100 for one transaction isn't funny at all, it's needs to be fixed urgently but I'm still in shock on why the ETH 2.0 upgrade hasn't rolled out yet the gas fee is killing the ETH network badly, aside gas fees issue, the tps on BSC is way higher than Eth's, I don't know much about Binance DEX cuz it doesn't seem like a popular DEX, but I doubt if bsc will suffer the same fate as their Binance DEX. |
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It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?
Ethereum adoption is only bigger than other altcoins, it has nothing on bitcoin cuz btc BTC is still by far the most popular and widely adopted cryptocurrency, I don't see why 500m in Ethereum will make eth bigger than bitcoin either, it's time for these eth maxi's to stop dreaming of flipping bitcoin, Ethereum should be more bother about cardano and bsc chasing them rather than dream of flipping bitcoin. |
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When will this madness end? Who is willing to pay such amounts for a transaction?  It would be best if the next version of ETH fixes this matter. Token issued from ETH chain gas fee over 10$ per transaction. It is a huge gas fee and a big variant if compare with the token issue from the BNB chain. It's absolutely insane for those miners to think an average person can offer such an amount for just one tranfer of tokens, I've moved on from Ethereum since these high gas fees issues have been using bsc and Near Protocol, and so far both have been great, although bear protocol gas fees are more cheaper, I'm sensing that bsc might have the same problem as eth, cuz since bnb grew like eth it needs at least $0.6 to perform a transaction while it cost just $0.01 to make a transaction on near blockchain. |
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