I agree on the idea, that is why i don’t get tired of holding even though storms in the market fluctuates most of the time, but my faith in bitcoin is stronger and bigger than the recent dip because i always believe in the future of bitcoin, that it will live and last in the cryptomarket and will give us the chance to become rich, you just have to work for it
I actually get tired when the bitcoin market is in a dip and I do not have much to buy in, I even get frustrated, not just tired. Bitcoin is more like the father of the market or will I say the king of the market and in real life, who would not prefer to stay closer to the king where most of the goodies are rather than staying with the citizens or chiefs. The support for bitcoin is huge and I do not see it deteriorating in anyway, at least until further notice and that is one thing that makes it what it is. |
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To ty mind, it's only stabilizing right now. It's still pretty high, let's be honest, 20$k last year were more of a emboldmemt for the future, and not real vaue
Sounds like you have been shown the exact real value in your own dream. No one knows what the real value would be, no one knows how low bitcoin will ever go and in fact, no one knows anything. The market can do as it pleases because that is what it is; a market ! No matter how optimistic and pessimistic some people may be, nothing stops what will end up happening from happening. Good the OP himself gave the right closing statement while answering his own question as I was going to ask if he understands the word collapse at all. |
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which I will do when I am when I lose a lot of money I will write down all the mistakes I experienced when I lost that much asset, I try to remember and try not to repeat the mistakes I've made.
There has been no one who tried trading even after learning that one way or the other will not make some mistakes which is the reason why it is necessary not to be in a haste to get rich with trading and try with something one can afford to lose first so as to wade off any form of emotion and learn from mistakes. They will happen in the first few months or years of trading depending on each individual but how you learn from it is all that matters and what will make you a better trader. |
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Hello guys!
I thought this was never a fun experience when it comes to day trading. Despite the risk, I still find it a lot of fun. First, I try to be a "whale" to manipulate others to dump price by selling all of it. I was selling FAITH to BTC at 45 satoshi and successfully sold half of it.
I bought 277 and 754 FAITH at 45 and 47 satoshi, respectively, hoping that I could have an extra. Then, I decided to sell them all at 50 satoshi. As a result, I have successfully sold more than half of it at that price and I have a few more left before its sold out.
I'm doing this for fun, you know. At the same time, I got profits. However, there's no such thing as perfect day trading strategy. Perhaps, I'm just lucky.
The basics of buy low sell high at a right time. Win or lose, it was fun!
Good thing that you are having fun with your day trading which is somehow a positive way on how you would deal with things but always remember you do always have the tendency to lose up money which we know this thing isnt already a fun thing anymore.Trading is indeed a buy low sell high thing but not all the times it do depends or corresponds on how lucky you are because profitability would always depend on your skills on how to trade. I do hope he is still really having that fun right now though as he may have been lucky with his day trade at first. The thing is that he still does sound like he knows what he is doing, but it is necessary not to take it as fun because day trading is a serious job and you do not want to be caught in the trap of any coin that obviously will send you out of the market. It is easy though for pump and dump coins, but the risk is huge. |
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Holding for long term can be worthy if what you have is good or is a good prospect, then it would be worthy. If you want to hold for long time, make sure that the coin you are holding is not a bubble.
The whole idea of holding to success is determined by the coin you are actually holding. For a good coin, you will definitely be making some crazy huge profit in the long run, no matter how long you have to wait it out. One thing with holding is you are not bothered about the present conditions and you are only after the long term potentials and the demand that is going to make it skyrocket to the moon and as long as you have that patience, it is always not bad. |
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We can't tell if there will be another dip, third, fourth or worse than before. If you are not confident of buying bitcoin and add investment to it, observe the market.
It's around $7,560 now so if last time you are not confident and you bought during the dip when it's price was $7,100, you basically are happy with the gain you have.
Don't doubt if it's the right time to buy bitcoin, if you believe that it will increase some time in the future and you just hold, buy.
Simply, not everyone can easily observe the market, but I have the feelings bitcoin may still be doing a double bottom in the lower time frame eventually and if that is the case, then at least, $7000 is a very fine spot, but my opinion is to buy some now, look at the way the trend wants to play out, and if there is a break above $7600 with a huge volume, then it is good to go in more or wait for a retest of the lower support and go all in with a stop loss below $6700 - $6800. For anyone who wants to have a good setup, I guess that should help them monitor the market at those levels and form a strategy with that. |
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This is a common thing happens in different countries where the government mandatory give assistance to there citizens with disability, and the sad truth is that the assistance from government is not enough.
This is the perfect time to introduce bitcoin to persons with disability by doing this they don't need to rely only on government assistance, because they are now started to earn there own money to support their needs.
For me this doesn't make any sense. Bitcoin is not free money. People with disabilities receive assistance or money from government to help them because they have high costs or can't work. Bitcoin is just a currency, it cannot help them. Moreover, most of these guys do not even know what is going on in the world, or have access to the internet based on the fact that their life really is more of a dependent kind of life most of the time. Giving such a person bitcoin for whatever reason is going to be more like a waste because I wonder how the OPor his government wants to start explaining to them how it works as a currency. These guys need something at hand they can easily spend to take care of their needs; they care less about an investment. |
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To be honest, instead of teaching them to be a good employee or the entrepreneur, we must teach them the core functionality of the money. According to Robert Kiyosaki (famous author of a best seller books like 'Rich Dad, Poor Dad'), most of us are involved in the rat race and that is working for money, earning money and then spending money and then again working for money. This is a never-ending cycle until we understand that money never sleeps and we can employ our money and that will work for us and bring more money. I believe that this fact should be explained to the kids in this age to optimize their lifestyle in a smarter way.
What you have said about money working for you is the idea of business mentality that should be imbibed in the kids of today so that they can at least do things that will let them put their money to work rather than using all their life’s to work to earn. Nevertheless, we have to understand that not everyone is cut out for business as some just prefer the career path no matter what you tell them, so at the end; you just have to find a way to let them choose on their own by at least letting them learn how to be successful in either of the two. |
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In my opinion, ETH is top 2 in crytocurrency market. But you know it's belong to technology when POW change to POS. I guess hold for long term is good idea. But when POS is officially.
Looking at the present moment though, it still would have a chance in the long run. I understand the fact that it is not bullet proof and for the long term, anything can actually happen which is the sole reason why one should never put his or her egg in one basket but look for other opportunities. We may say Ethereum itself will keep evolving and end up not doing so, and another project may end up coming handy and overtaking it, but it is the market, and how it, as nothing is predictable. |
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We couldn't really trust an ico by only reading the roadmap. It needs to be studied and analyze. The people behind the project , whats their previous job or successful project. It really needs a lot of effort before you put your hard earned money to an ico.
Whitepaper should even be the last move. No one can give a recommendation here as it is a huge market filled up with various ICOs. My take is for the OP to dig up the team and see if there is a chance at all they can actually deliver. They all have a link to their LinkedIn profile page and you should run if there is none or if it is a recently opened page for all the teams. Do proper digging on the team as much as you can before even reading more about the project and if it is worth investing in so as to minimize the risks. |
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Hi, I was planning to put some of my money into IOTA in this current market dip. But a bit confused thinkg whether it will be a good idea or not. Could you please share your experience or suugestion, I should follow before finalizing the investment plan.
Crypto-currency IOTA is one of the most attractive instruments for investing for a long period. This project has every chance to take the lead in capitalizing digital projects in the world. The mark of $ 100 for a coin is quite real, but for this we must see the development of the Internet project of Things. Really very attractive and one of the great projects with a lot of potentials. In the long term, I am extremely bullish on this one and I so much hope that it is actually going to be giving a real push. I still do not know how the free transaction is going to end up playing out but I guess I cannot wait to see it come to fruition. Nothing much can be mentioned now until later when there is a lot of huge progress with respect to how things turn out but it seems the devs are really working hard and it sure looks like it should pay off eventually for investors. |
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If everyone has their own currency then it will be very bad with the economy of a country even very bad for the world economy because people are shopping or doing transactions with their own currency so that currency is no longer valuable because there are too many currencies circulating in a country.
It may happen. For now, Bitcoin remains the most popular non-centralized virtual currency, but there is no guarantee that its position will remain that way. There's already another set of coins inspired by Bitcoin. It may be assumed that significant development will be required by the new currency to take over Bitcoin in terms of market-building ability; although this remains unpredictable. Bitcoin may also be able to adopt the development of rival currencies, as long as it does not change the underlying basis of the protocol. Nothing will happen. Are we even supposed to be having this conversation ? You think if you have a coin right now with no value or a solution it is solving, I would want to accept it ? Moreover, you think the government will keep watching every tom, dick and harry to keep creating their own coin or token however they like. You think your coin will be listed on any exchange ? You would as well create your own coin and keep it all to yourself until you realize something like this can never work. This cannot happen, and as time goes on regulation will cause most shit coins in the market to even get scrapped. |
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The present social, political and economic life of mankind has been formed for thousands of years and it can not be destroyed in a moment. This is not realistic. Crypto currency in these areas will not change much. In the economy there may be a certain redistribution of wealth. That's all.
If someone is thinking like you have portrayed here they all must need mental rehabilitation. Bitcoins haven’t made any problems from the humanity. Rather they are solving hundreds and thousands of problems. Every day so many people are getting jobs on bitcoins in different ways. So how they become a threat to humanity and the existence of humanity? Think over it. Did you even read what he wrote before criticizing him, because from the look of things, I am not sure who really needs the rehab (sorry!)… By the way, everything he said is right and there is nothing wrong and in no way did he mention that cryptocurrency is the problem and indeed he described it as a solution to the issue the present system has created over the years which cryptocurrency is pretty much going to be a solution to. However, the only thing I disagree with is just the redistribution of wealth, as wealth would only end up in the hands of the early adopters and the wealthy ones at the end anyway. |
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My country's economy is bad because the government destroys the country too many corrupt politicians and poor people the poorer the rich get richer the price of expensive goods I hope someday the country's economy will grow and many people have good jobs with good salaries.
Even in other country they are suffering from corruptions, less education, also no economical growth. If a certain country has full of wisdom, no corruptions it will be more richer and well develop. In our country the government are good and development in infrastructure are on going. So as long their is development and every sectors are in placed growth will be succeed. Yes, who are we to blame except the greedy leaders. Sometimes though, even the citizens already have no other way around than to cater for themselves which is why you will get to see crazy things happening, criminal activities increasing as the economy gets ridden the more. Unfortunately, these people in the government are the ones making the law and they bend it in such a way to suit them and until there would come someone who is set out to achieve huge goals and stamp themselves a good name, the country will never develop economically. |
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Btctalk name : beerlover
Rank : Hero Member
Current post count : 1445
BTC address : 1EjdmqPuZ8UskHsRA9LNQQMGyN119FQHrC
Wear appropriate signature : Yes
Wear avatar : Yes
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What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
In this moment maybe its hard for small businesses to stabilize in this market since the support is very rate to mention,as we know that theres not enough market for them,not like to those big businesses that can support their operation because they can easily advertise and gain followers and customers in just a time. There is actually enough market for everybody but taking the step is what is limiting most people. These days, advertising is not really that hard to do anyway with the whole social media form of advertisement which you can easily get to your target market, but the problem is a lot of people are still not trying to grow into the idea of doing it, while some are doing it effectively, I believe it would take some time to start seeing more people especially small businesses following put, but I do not see how they cannot. |
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Buy coins for $ 100 and a year later to sell them for $ 120, this is not a long-term trade.
It is necessary to invest millions, so that after a long time they will bring profit.
All the rest is nonsense.
And when you do not have money, but there are a couple of coins, you can just sit and pray that they will grow a thousand times.
Normally, it depends on what you have, but one thing you also have to look at like you said is that long term trading actually requires some huge funds to be able to get the best from them. Also, picking of project is important. Some will do well in terms of profit, while some will not, but for those who can at least play their cards well, I believe they should be able to do well for themselves even with small funds. However, $100k is pretty too small for anyone who wants to go the long term way except they just want to invest it and wait for as long as they can. |
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A successful trader keep records, have a definite strategy in mind before trading. He know that he cant move the market and trade what he sees and not what he want the market to behave. A successful trader knows a great deal of money management rules, and wont ever go ALL IN with his capital on a single asset as gamblers do.
That definite strategy is one that we cannot look past for a successful trader. One thing though is that you cannot always have one single strategy but whichever way, once you can have a specific strategy that works well for you over time, you get this confidence to always make use of it to your advantage most of the time and that is how I expect every trader to end up successful. No strategy, no trading and no strategy, pure gambling. |
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My DEPOTWALLET : NCPX7C-SYWN4J-AL62HB-UUQ6XG-WZKXVT-DFGKAZ-MBO3
Sheet row number : 73
Thank you.
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[i mg]https://cdn.pbrd.co/images/HjNgiDo.png[/img]
This is a scenario im contemplating now.
$9666 was broken and now we should be testing $11803, and when we get past there, I'll apply fibonacci retracements to look from where it could rebound, assuming we take a break and don't we go full blown FOMO to a new ATH.
Remember that last time we literally took a couple of days to go from $10k to $20k. We literally went a couple thousands up daily until the crash. We could go thought the same scenario again, but going higher than before since the bottom this time is higher. A believe a FOMO event to $30k in august is now possible.
I do not see $30k by August no matter how optimistic I am in the long run. Even though we have broken the major downtrend, we still have a lot of resistances ahead of us. I want to believe we will actually get to the $11800 region, but I really do not see us breaking that. From there on, I want to assume we may be consolidating there for a while between that resistance and found support before knowing where next from there. |
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