Why it is not a right mindset ? Believing in to bitcoin and its future is not a right mindset even we are looking for making much money as possible ? Active trading is one kind where people are able to make money but believing in to the future's of bitcoin and simply holding is another way of trading still there will be no differences in their intentions. Both the people are looking to make as much money as they are able to.

I am also supporting to go for both way of trading, shorting and longing. But, I recommend only holding which is NOT possible with shorting. I believe holders will be making more money than active traders. If you want to make big returns for your efforts then you must look for holding option rather than going for active trading in the names of shorting o any other kind.

Abritrage is such a tiny niche part of profiting while trading that it really doesn't worth for any human to follow and do that unless they have bank accounts in multiple different countries.

The problem is the arbitrage difference is usually grabbed by the automated bots so they just keep a close look at those type of differences and buy/sell at the right time making it impossible for people like us to manually get into arbitrage, that is why you should keep focusing on researching real good coins and even would be fine if you keep buying the high end coins at top 5 as well instead of learning how to do arbitrage. That would be different of course if you could grab bank accounts in couple different nations and have a decent amount of capital to start, than you can search for local exchanges and take advantage of that.

Korea known to be a big follower of USA trends, since USA has started to accept bitcoin as a legit business instead of "drug money laundering system" or whatever they were feeling just couple years ago that means Koreans are next to go into it as well. Since SEC is deciding on bakkt and ETF and all that and Nasdaq offering a direct ETF as well and all of that combined basically shows that USA is ready to make bitcoin another legit investment opportunity to the 350+ million people living there.

Korea follows the pop the drama holywood and many other stuff and try to recreate or even do better versions (lets be honest korean tv looks better than holywood shows recently) they might do something similar and even better. For example if USA said bitcoin is bad and Russia said bitcoin is great than we could expect Korea to ban bitcoin as well since its the opposite we are fine with korean investors.

Username:  Whosdaddy
Current Rank:  Hero Member
Current Post Count:  1612
Bitcoin address: 15EXeYn9bDuZsbKJBtB5ZmGzapNbD3Psr5

Another project that we never imagined would need blockchain but it was so obvious. There will be a lot more like this where we will say "how did we not think about it before" where some company will start using blockchain and we will see it was clearly needed. Blockchain is such a huge technology boost to the world that I really sometimes think it is much bigger than crypto currencies.

I know when the bull comes and prices skyrocket I will forget about how blockchain can shape a lot of markets all by itself but honestly the world doesn't need crypto as much as it needs blockchain. Crypto is a personal favorite for all of us and only has value when we say it has value, since there is no regulation it could be a dollar or a million dollars anytime and there would be nothing to stop it, however blockchain is not like that it is a technology and it is severly needed everywhere in the world.

But I believe there will be no need of any special skill in trading if you go for long term investing. Yes, long term investing is the option for those who are NOT perfectly skilled in trading. With the option of long term holding, you will be able to eliminate all the risks associated with short-term trading and investing.

Making daily 1% or 2% is purely based on your skill set. If you are able to do so then definitely you can go for it. But before going for it you should understand that risks with it. If you do not want to take the risk then you should go for long term investing and not even for 30% target of monthly.

Most commonly, it would be much better to avoid daily trading. Because crypto markets are highly fluctuated  one and if you go for daily trading then the chances to making losses is more than making any profits.

Not just for altcoin, holding is the best option for bitcoin too. If you have not added bitcoin into your portfolio then this must be the right time to add it. I like to suggest you to continue your holding even after the bearish market will be finished off. If you want to get the maximum benefit from your portfolio then you should go for holding for years. I'm not sure about what are the coins you're holding but I'm just talking with respect to bitcoin as holding bitcoin for years will definitely make you rich.

Do not bother about the remaining days of this year. We just need to bear whatever will be happening in those remaining days of this year. Definitely we will going to have changes from the New Year onward which will be making bitcoin to have a new ATH also.

We are really in the dark ages of bitcoin. I have been around about 5-6 years now I have never seen this much doom talk going on. Even after Mt.gox people did not got scared like this about the price, nobody was given a damn about the price. The point of bitcoin was the utility of it and how it made everything easier globally and so forth.

People were scared of the bitcoins they no longer had, not the money they lost, people were not like "Oh I lost this much dollars in mt.gox", no not at all they were like "I lost this much bitcoin in mt.gox" instead which put the emphasis on bitcoin instead of fiat. Nowadays people are so worried about price of bitcoin instead of bitcoin that we can't ever go up to a level that would make people happy. Bitcoin could be a million dollars and people would ask "when do you think it will be 2 million".

Everyone is either scared or stressed, there is no other explanation for this. Market is incredibly fragile and the volume is SO low that anyone who wants to rule the market can and right now we are at the hands of a rich person who loves to see bitcoin burn while his own shit coin is going up with that money. He keeps on selling his bitcoins while buying his own shit coin in order to make the price higher and will work to make that one the "real" bitcoin.

The only good news about this is that he will not have too many bitcoins left after all of this hopefully and when he is out of ammo and his coins still sucks and only owned by him, there will be a world where no one is a big threat. We need to start figuring out a way to stop all this monopoly on bitcoin like the miners and rich folks who try to ruin it just for their own sake. That doesn't look decentralized at all.

Well, sorry for being an outsider trader, but we all are anyway, moreover, this is an unregulated space, so insider trading is not really an offence until maybe we get to see some regulations in place.

However, it should also be noted that this whole thing about Bakkt was just announced long after the market has gone below $5k, so how can this be attributed to the Bakkt launch postponement. It just seems people tend to derive pleasure a lot with trying to attribute everything to a dip. The bears saw a chance and they took it, so get over it.

Some good level of stability in which there is less fluctuation in price hugely is something we cannot see now until we are able to get to the point of real life usage and I guess we all know that already.

However, when it comes to banks, I am sure in some countries, they will try as much as possible to impose some sanctions, but based on the OP and some of the things he has come up with, I really do not think that should be a problem at all, or indeed that should only be a problem for those who are so much against the idea of KYC.

Most exchanges today are already offering KYC, so one way or the other; they are following the AML procedures. It is something we cannot run from basically, unless we want to deceive ourselves.

Sure! Technical analysis and your ability to do it effectively is what would make you to be a successful trader over time, but that is not the only thing it takes to be a successful trader though.

As much as you have to learn TA to be able to develop a good strategy you can use to anticipate the market movement over time, you also have to be able to understand certain ways you can at least make do with risk management as well as money management, and even self-management when it comes to emotions. All these things matter and a lot of people usually think with only TA, they are good to go, but in reality, that is a negative.

Sure, any new trader that wants to trade should better be trying spot trading first than trying to go the marginal way. What a lot of people do not understand is that when you are trading marginally, you are more or less in a gambling world in that scenario, which can make you end up losing everything if you do not have the knowledge and experience to make the best situation out of what is at hand.

For spot trading however, you can make some mistakes, try to just go back learning while trying to be patient to break even by still holding or trying to implement what you have learned to do better, but one thing with margin is, once you are out, you are out!

There is actually no way at all that we can even get to put some big companies out of business, and that is already way too much. There have been competitions already all over the world, so there is always a whole lot to go around when it comes to the ecommerce world.

It is understandable that times are changing, decentralization as well as blockchain technology is also hitting the ecommerce space as well, but you really think Amazon or other big businesses won't be looking into that already. Innovation is always going on everyday just to stay on top of the ladder, and I am sure once you are there, it would really take some pride only and comfort zone level of thinking to get pushed down.

Not all of them are failing right now. I agree most of them look like they are failing but in reality there are still some that makes you great returns and working hard on their projects. There are two reasons why you think the ICO's are failing right now, one is the market, market has gone down a lot in the recent months and basically all year and that caused the altcoins to go down, even ethereum is at 200 dollars right now.

The second reason is that the money lost in the scam ICO's and other projects that did not take off like expected is known all around the crypto space and they are talked about it constantly whereas the good ones that took off and made it to all time high lists went down this year which caused them to look like not the success story they are.

The thing is that we cannot start over emphasizing the extent to which the crypto space has been able to bring a lot of smiles to a lot of people's faces when it comes to utilizing the space to their favor. One thing I have been able to achieve from this space, was firstly my ability to pay my merchants abroad without having to go through the bank and this has really helped my business in a whole lot of way than I could have imagined.

Apart from that, coupled with the things I have been able to achieve alongside all these easily, when it comes to investing in the market, doing some few things without stress while investing for the long term, I will say it has been overwhelmingly great.

I agree that holding bitcoin in "2018" must be the name but definitely not as bad as it seems. I know price has gone down a lot this year but it was also quite low for a long time and stable, which gives you a chance to recover your losses by purchasing more and more.

If you were wise enough to save up enough money to get as much bitcoin as you can during these low prices than you will be lucky when the price goes up. When you buy bitcoin at 14-15 thousand dollars and the price goes to 6 thousand dollars, it wouldn't be a shock if the price goes back to 15 thousand dollars.

However if you keep on buying and drop your average to 7-8 thousand dollars from all the bitcoin you bought during 6 thousand dollar times than you will profit double when it hits 15k. So you see, the trick here is to get as much as you can from as low as you can to drop your own purchasing average.

Well, it depends on how you want to see the calm water anyway, which in my opinion; as long as you have the knowledge to handle yourself in a calm market you should not have a problem.

One thing with this market is that we have reached a stage in which the bulls are trying to fight back saying enough is enough and then the bears just do not want to give up yet, so in that vein, it is always all about the strongest man winning as the case may be.

What is important now is to buy and accumulate if you have no trading knowledge, and if you have trading knowledge, I believe you should have a strategy for entry and exit.

I think for a while it will get bigger, bigger than what we all imagine but it is definitely not sustainable as a more global payment currency. People keep thinking bitcoin will one day surpass all the money in the world and everyone around the world will use their mobile phones to pay with bitcoin and so forth and the fiat currency of each country will become useless since people prefer bitcoin.

That can't happen with this way, we need a lot more improvements on bitcoin for that to happen, we need a lot more innovations for it. That is why I still think just like how we couldn't think bitcoin and than one day it came up and now we love it, there will be a thing that doesn't exist right now and one day when it comes out we all be like "oh screw bitcoin this new thing is much better" and start using it.

Like I always keep saying, this is actually something we cannot hide from in the long run and we will get to see more countries from all parts of the world coming up with their own regulatory frameworks and trying to implement it.

It is not a problem though, it just clarify things with where government of most countries actually stand when it comes to the cryptocurrency space and business, and now that a lot of them are beginning to understand the advantages that lurk when it comes to the cryptocurrency space, I am sure they will be trying as much as possible to do everything to make it work.