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23
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Economy / Trading Discussion / Re: Learning to trade
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on: July 18, 2018, 06:13:41 AM
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To improve your trading skill, you should strengthen your basic understanding about trading strategy. You said you had made profit and losses, so my advise keep focusing on how you made those profits and try to leanr . Lucky you, if you still have your coin because the markets has started to become green.
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24
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Bitcoin / Bitcoin Discussion / Re: 60% of world population cannot access computer so Bitcoins will fail.
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on: July 18, 2018, 06:06:35 AM
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I think you are trying to say that bitcoin will fail to become a mainstream currency because 60% of the world population don't have access to the computer. If I am understanding you correctly, then let me assure you that bitcoin is not structurally built and fit for becoming a mainstream currency in any way. It is an experimental virtual currency which implemented the idea of a decentralized currency successfully for the first time through blockchain technology. It is not trying to become a mainstream one.
So bitcoin will always be used by those with a certain level of technological expertise and not by any common people. Even though the process for bitcoin payment has been made very simpler by many third party wallet provider, but majority of the governments will not want to allow bitcoin to mingle with their own centralized currency system. It is and will always remain as a digital currency and an excellent store of value.
I totally agree with you. Bitcoin doesn't mean having to be massively used as currency replacing traditional fiat. Bitcoin is a technology product that lives with its own market. Supply and demand holds big control over Bitcoin, and it is still there. |
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25
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Bitcoin / Bitcoin Discussion / Re: Cheers; and congratulations to all bitcoin traders
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on: July 18, 2018, 05:53:39 AM
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Yeah, it is just really amazing to see price spike up in 30 minutes surpassing its last strongest resistant $6700 and it is even more than $7k now. This is what we have anticipated, I am pretty sure it will reach its peak for the first time before end of the year. Really nice to see the price starts to recover gradually.
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26
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Bitcoin / Bitcoin Discussion / Re: Bitcoin or Property? What might be the best investment?
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on: July 18, 2018, 01:53:09 AM
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1. Most people cannot afford to buy property, so they take a home loan at a Bank. The home loan is paid back with interest and some of these loans are spread out over 20 years to make it affordable to the person who takes out the loan. So, over that 20 years the house of $100 000 will cost you say $1 000 000. {$900 000 paid in interest}
Property is better than Bitcoin if you can afford it and Bitcoin is better than property if you plan to buy it with interest. Certainty is important key here, that's why safe investors would pick property. Property value increases every year. However, if you can't afford property yet, I suggest investing your money in Bitcoin first until it is enough to buy a property. |
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27
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Economy / Trading Discussion / Re: Be calm when the market falls
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on: July 18, 2018, 01:47:01 AM
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A lot of new traders and investors don't quite understand that the falling market is normal. They should try to be optimistic instead of being frustrated. Panic selling will make even more losses and dismay. That is true, being calm should be taken but as we know not all people can remain calm seeing their portfolio red. So just calmly hodl your coins.
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28
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Economy / Trading Discussion / Re: Which is profitable coin?
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on: July 18, 2018, 01:41:38 AM
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I am not an expert in trading but according to my experience, BTC/USDT a d BTC/ETH pair are still favorable to date, followed by ETH and NEO. Beginners usually don't trade unpopular alt coins because it requires deep analysis. Pick pairs that you understand deeply only.
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29
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Economy / Trading Discussion / Re: how much usd need for trade ??
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on: July 18, 2018, 01:37:17 AM
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No particular amount as long as it is enough to cover transaction fee anyway. Suppose you owned under $100, I strongly you buy coins with strong fundamental only like Bitcoin and Ethereum. I think it is a good investment because the market has grabbed its momentum now. Successfully breaking strong resistant $6800, I believe it would the next support now. If you don't like waiting, you can learn about arbitrage trading but please note it is risky.
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30
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Economy / Trading Discussion / Re: Where is best trading tutorial?
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on: July 18, 2018, 12:48:48 AM
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When I started to learn trading forex, I found a lot of basic trading tutorials in Investopia that actually you can apply in trading cryptocurrency. It makes no different, so I suggest starting from there. Next, watching live trading from professional traders is also a good option. See how they trade using their own strategy, and always learn from it. You can subscribe to their channel in Youtube. Please note, never overtrade and don't be frustrated when you make big losses. Always learn from your mistakes.
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31
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Economy / Trading Discussion / Re: Starting Mega Bull
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on: July 18, 2018, 12:43:35 AM
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Strong resistant $6700 has been broken after a good news. This is what we have been waiting for! Get ready to take off guys! Alt coins have followed Bitcoin to increase in price as well as big investors that plan to jump in with their money. Don't just wait and see, buy Bitcoin when it is still discounted.
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34
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Economy / Speculation / Re: When will you sell Bitcoins ?
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on: July 11, 2018, 02:56:31 PM
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I sell my Bitcoins when I need cash and when I want to join some good investment program. I rarely sell my Bitcoins to make profit in the exchange because essentially I am not a trader. However, usually people do sell their Bitcoin when the price is appreciated from their entry price. It is simple as that.
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35
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Economy / Trading Discussion / Re: Is it a good time to start buying bitcoins?
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on: July 11, 2018, 02:39:57 PM
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It is really a good time to buy Bitcoin. Bitcoin falls to around $6k currently and I am pretty sure it will hit its peak $17k again after EOY. It is about time the wall $7200 will be leaked for Bitcoin to take off. You don't wanna miss this chance mate! Don't be afraid, you should take a look at its last years chart. The price was steady. My advise, buy and leave it. Let's hodl for a long term.
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36
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Economy / Trading Discussion / Re: Right time to buy a lot of bitcoin.
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on: July 11, 2018, 05:34:36 AM
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If you are typically a short term trader, I agree this is a good time to buyback. But don't spend all of your allocation to buy it at once because nobody can tell how deep it goes to continue to fall. Suppose you had $1000 to buyback, so my advise is start with $100 for first dip, $300 for 2nd dip, and so on.
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37
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Economy / Trading Discussion / Re: Does holding long term can be worthy despite of unpredictable market?
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on: July 11, 2018, 05:30:35 AM
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I really don't like your line saying if you could manipulate the market you wanna do it. We all hate market manipulator dude because we get rekt because of them. In term of holding long term, actually depends on what coins you store in your wallet. It is a good idea to hodl major coins only like BTC, ETH, XRP, EOS etc because they perform better with higher return.
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39
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Economy / Trading Discussion / Re: What's your current strategy?
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on: July 11, 2018, 03:57:53 AM
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Most of people are using Buy and Hold, because it makes better profit, but you can doubled you strategy. Buy and Hold & day-to-day trading is the best way strategy in the trading.
Prediction is really important in this case.
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40
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Economy / Trading Discussion / Re: The reason people do not want to invest in crypto
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on: July 11, 2018, 02:05:02 AM
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The reason why people do not want to invest in crypto is
1. They are afraid of investing because they think that they may lose what they invested.
2. They do not know how to make a profit with the crypto.
3. They think that they will not earn with crypto.
4. They think that crypto is not real.
5. They don't believe and open their mind with crypto.
What I have read about the crypto now a days and it is happening to other people.
Personally, mostly people don't want to invest in crypto because they don't understand how blockchain works. They don't want to lose money overnight because of scam and they don't believe money can be easily printed just simply sending money through internet to a company that you've never seen its physical building yet. People should start understanding that we lived in modern era already. Money makes money now, we should throw away our traditional mindset to make money. |
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