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521  Economy / Economics / Re: How can we get people to use bitcoin as a currency? on: November 03, 2018, 08:48:31 AM
How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.
I don’t know if that’s really possible. Bitcoin is volatile and that’s how it was meant to be, there is no way to have that changed and people are now seeing it as an investment or what they can easily manipulate to be in favor of themselves to gain profit. If you want to be using Bitcoin as a currency then get ready to face the consequences that comes with it as the price fluctuates up and down, cause you’re going to lose your money.
522  Economy / Trading Discussion / Re: INSTANT EXCHANGES on: November 03, 2018, 08:16:22 AM
if you feel an exchange place like shapeshift doesn't feel safe and makes you lose maybe you can trade or purchase cryptocurrency through other exchanges that have a different trading system and have a small fee.
Recently I have seen a thread here that so much exchanges right now. So yeah keeping your point continue I want to extend this scope to more exchanges. There is no scarcity of exchanges that are better opportunities for so many people. Right away, you should research about other exchanges if you aren’t satisfied with one exchange. Keep things easy for you as it would decide your results.
523  Economy / Trading Discussion / Re: Be a newbie trader. I avoided losing money. how? on: November 02, 2018, 10:08:29 AM
No one can avoid loss in trading. That is the risk we should accept before we decided to get involved in this type of business. If there is a way to avoid such losses, sure everyone will make it as their only thing to get money. Profit and lose are two common things in trading.
Exactly no one can have profit always. You might have win or loss randomly. This is your fate too that brings win or loss. More you lucky more you win and other case would have loss. But be prepared for it. Don’t let yourself destroy just after your first loss. Your minds should be digesting the risks and associated threats and problems. Things aren’t that much smooth every single time.
524  Economy / Economics / Re: Reason why other ban cryptocurrencies on: November 02, 2018, 09:27:53 AM
I read for a reason why bitcoin uses bad habits one with that scammer and many others. but we know that the crypto has helped us a lot and hopefullu they open the door to bitcoin in their country for a lot to help.
Yes this is one case too. People are using it for so many unlawful things. On deep web, every criminal activity is being carried out through bitcoin. They make transactions of ransom, drug abuse, human trafficking and all such criminality. But there is a good side of picture as well. We can see an amazing opportunity pool that can help people to make money from their restricted resources.
525  Economy / Trading Discussion / Re: Patience is the most important thing on: November 01, 2018, 07:03:58 AM
Today's patience will not bring you the same profit as before, because the market is constantly declining, it may be more difficult for investors, so I think we should seek the market. Better for us to do and business
I think we should not relate patience and market declining values. The market is down due to other reasons. Patience is prerequisite in business and you cannot expect back instant money in return. It takes time to get your worth increased or to attract costumers.

Moreover when you currently with a declining market, patience of course would not give you benefits in the form of profits but can only make your survival possible if you hold. Unless the market is good enough, you should not and cannot reap big profits.
526  Economy / Trading Discussion / Re: What makes a successful trader, not a gambler? on: November 01, 2018, 06:19:31 AM
Here are some characteristics of successful traders and gamblers:

A gambler:

- Have no transaction method.

- Do not take notes of your views on the market trend daily.

- Don’t care about risk management

- Spend most of your time focusing on winning and making profit.

- Let emotions dominated their mind when trading

-Place orders without consideration.

- Place too many orders



A trader:

-Understand and master an effective trading method

-Have a clear and specific trading plan and comply with it.

- Have a daily note on market view and trend

- Pay attention to risk management for each trading order

-Don’t set making profit and winning as their 1st priority

- Only make the deal when the price model matches the method.

-don’t let emotions control their actions

- Consider coin trading as their career and daytime job.


If you have those characteristics of the gamblers, you should change it immediately. If you have trader traits, maintain them for as long as possible and remember to always think twice before doing.

This does make sense if you able to follow this trading plan probably you have a higher chance to become a successful trader in the future.
This is all what you want to know about the traders and the gamblers. One basic difference between the two is that a trader will make strategies and plans and will stick to his plan while having a glance over the market but a gambler will on the other hand stay idle and might not take into account the daily important updates that require you to change your business model again. Being careful about the initial investment can make you very successful which is something the gamblers do not care about unlike the traders.
527  Economy / Trading Discussion / Re: How to Trade cryptocurrencies comfortably with profit on: October 30, 2018, 07:24:01 AM
Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.
What do you mean by trading comfortably, is there anything like uncomfortable trading? Any way, in trading whether you’re going to make profit or not depends on your skills and luck… sometimes it’s really difficult to predict the market and if you put the wrong order you will end up losing a percentage of your money if not all of them. So it’s best to get the skills first, before you talk about trading. I noticed a lot of people don’t learn trading before investing their money and time to it, it’s risk.
528  Economy / Trading Discussion / Re: Will bitcoin reach $100,000 in two years? Bitcoin statistics and predictions on: October 30, 2018, 06:54:25 AM
Very likely by 2020, BTC will either be dead or 100k +  Wink
I do not buy any of them. There is no chance that Bitcoin will be dead and why would you think it will? Just because of the low or declining prices? Well price fall is no longer happening plus the people know holding as the best response to the falling prices.

About the price in 2020, I do not think it would have crossed the $100+ value either. I see it as an over-estimation and I do not think you have a regression model to sum up all the factors that affect the price of BTC and give you a result of more than $100+.
529  Economy / Trading Discussion / Re: Why trading is unhealthy? on: October 30, 2018, 06:14:54 AM
So as summary we can say that please trade with extreme caution and try not to make any stress, stress creates unhealthy conditions during our lifetime.
Not at all. You can not undermine the importance of trading in making some quick money in the crypto market. However they say that excess of everything is poisonous and so are the side effects of trading in the bear market. Basically you should have one good market plan and a term of investment strategy.

If you invest for long term, you have to stick to it for in the long term, the weight and value added to the investment is much more than what you might earn with trading-which would require you to stick to your computer screen around the clock and this is of course going to effect your life and living standard.
530  Economy / Trading Discussion / Re: Lots money invested on cryptocurrency, should I sell for liquidity? on: October 30, 2018, 05:43:56 AM
I'm assuming that you have bought your coins at high price. Now, the market has been in the downward trends since January, the question now is how about the invested amount if the market doesn't show any significant rise. This is the problem now, are you ready to lose your capital to avoid further loss?
If we look at this in broaden view then it will clarify everything like if liquidity decreases then volatility will increase and when liquidity increases volatility will decrease so we need increase in number of participants in the market. This will happen only if number of people start investing here in the Bitcoin either with big amount or small amount liquidity will increase that will result in stability and increase in price without any downtrend.
531  Economy / Economics / Re: Mistakes That Make You Poor Poor In Cryptocurrency on: October 27, 2018, 06:00:13 AM
storage of large funds in one wallet, it is also a major mistake, because in case of loss you lose everything at once

Yes that is also a big risk and it is not good to be doing that. I use to do that when I was a newbie thinking it was a good way to secure everything and also have my eyes on them in case. But I was just making a mistake then. And the worst of it all was that I was using an online wallet back then, which is a very huge risk cause it can get hacked and I will lose everything. Later someone told me I was doing it the wrong way, so I had to move everything and divide them to different wallets.
532  Economy / Economics / Re: Do you have to make big investment before you can make profit in crypto? on: October 27, 2018, 05:22:42 AM
I have seen quite a number of topics here where people have been selling or asking for advice whether to sell their properties to invest them in bitcoin. Am surprised some people forget that crypto investment is not always a win affairs. You either lose or win. You can as well make profit in crypto with small capital if only you have the patience to hold and wait for the time when the market is booming. Do not be a greedy investor. Always invest with an amount you can afford to lose. Have a nice day.
There is no need for investing huge amount of money, but sometimes it’s also good to invest a huge amount, that’s only if you can afford to lose that money and not a money that you got from selling your properties lol. Those who invest a huge amount of money stands a chance of making bigger profit from that particular coin if the price rises. But those who invest little wouldn’t smell much of it. So it’s good to invest huge but not compulsory, do things according to your level and not out of greediness.
533  Economy / Trading Discussion / Re: What exchanges will survive? on: October 26, 2018, 05:36:32 AM
All top 10 exchange now is centralized exchange,  the dailiy trading volume is much bigger than decentralized exchange. So that mean many trader still prefer to use centralized exchange than decentralized because some reason,  for example low trading fee.
Many exchanges are in competition while few are best and highly rated by users that make few of them as the best choice of people. Exchanges like Binance and Bittrex are the first choices due to the efficient and easy use as well as these exchanges have large volume for us, that is why people like it the most. However, in future almost all the exchanges will survive but those exchanges which will not upgrade their features with the passage of time will create troubles and hence may not survive in future.
534  Economy / Trading Discussion / Re: My luck is very bad for crypto trading 😞 on: October 25, 2018, 06:33:59 AM
I think my luck is very bad. I can not earn good profits on cryptocurrency trading any day. An example of this is Doge coin. I invested in Doge coin probably 2 months ago. Which I bought 39 satoshi and bought a total of 126000 doge coins. It was almost 2-3 weeks, I did not check the price. But when I check price on coinmarketcap a few days ago, see Doge coin 100 satoshi cross. After that I was very happy. But when I login into exchange, for selling Doge coin, I was shocked, seeing that my coins were sold in 49 satoshi. I did not remember when I had a sell order. After seeing that I was upset. That was not the first time, before several times, I could not sell many coins at a good price 😞


But finally, an education has realized that if you buy a coin for long or short time, then you should check price minimum one time every day.
If you buy a coin with the intention of holding it for long-term, then why check it out all day. You bought the coin because you knew that it has the potential to reach a very high price in future, so there is no need to be checking it out everyday, you should just have patience till the time you planned to reach.

It’s only those that plans to hold it for just a short time that should be checking out the price everyday to know if they should withdraw or continue to hold it.
535  Economy / Trading Discussion / Re: Books or youtube to learn how to trade on: October 25, 2018, 05:52:05 AM
I don't ever heard in people read books to learn in trading. But For me i will choose youtube ofcourse daily updated trading to learn and to know new coins in crypto.
Learning to trade in order to learn basic rules as well as crypto trading rules or principle and then by following those rules will enable you to survive in any market either in traditional trading or crypto trades.

It is only possible if you learn first either from YouTube or any other informative source that will be helpful for you to deal with any market are any market conditions but you will have to make sure you can make difference between fake or wrong information and real or true information.
536  Economy / Economics / Re: How to save money on a long-term period on: October 23, 2018, 07:38:30 AM
To save money on a long-term period, you should make a solid investment. Investment in crypto has a lot of potential. Even during a bearish trend, don't hurry to sell crypto. This is just the phase of corrections which is perfect for holding. Invest now and get profits when the market finally stabilizes.
The primary way to save money that is suggested by the policy makers and the economists is to reduce the consumption. Minimize the imports that cost you more than you actually can afford. Such imports hinder your ability to save more in the long term. Besides, the more you produce, the more you would be able to earn and hence save.

There are lots of ways you can actually get your current account surplus. Long term investment in potential coins in the crypto market is the second name of getting your money replicated and the growth is often more that what is normally been paid in the bank.
537  Economy / Economics / Re: What is The actual senses about bitcoin for common people ? on: October 23, 2018, 07:05:10 AM
initially, the bitcoin was designed for the removal of the huge commissions from a regular payments, so this idea must remain
This was a simple idea to help people save money they normally have to pay as fee in banks but as the technology evolves, the benefits it was offering were also increased and this way the benefits replicated and so on. The common people still think about Bitcoin a foreign thing/system that is scam and not good for the economy.

They normally prefer to invest and earn from the daily means of earning. This misconception can only be eradicated by the action of the education ministry to introduce the technical and stuff related to technology in the syllabus and information about Bitcoin that will promote investment in cryptocurrency.
538  Economy / Economics / Re: Starting With Nothing in Bitcoin on: October 22, 2018, 10:35:51 AM
I have started with nothing, I have started with nothing so much that I have been in bitcoin for over 6 years now and I have never bought a single satoshi. Never purchased any coins with fiat. I have always worked for my coins and so far in my 6 years I have made over 30 bitcoins in revenue by just providing a skill set and service to people depending on what they need. From writing articles to doing marketing to translation, I have done anything I could think of and still came out on top.

Of course I didn't sell those coins at the top, most of those coins were sold when bitcoin was incredibly low but I still made some profits during high 20k times as well. If you want to start with no capital at all and still want to have a lot of bitcoins than all you have to do is look for works that people pay bitcoin for and select the ones you can do and collect it. Most of the time even if you get paid couple hundred bucks if you save them now they could worth a lot more later on.
539  Economy / Trading Discussion / Re: What are the reasons why you must take risk in crypto market? on: October 22, 2018, 07:35:49 AM
When the risk is huge, than more nigh greater the possible income. Cryptocurrencies provide opportunities, everyone decides what to use them or not, it is more convenient for someone to just watch the developments and learn technologies.
History is one thing that teaches you about every thing and the history of cryptocurrency-though not more than ten years-is enough to see the reasons why and how people who invested in cryptocurrency earned millions of dollars. Though the market is full of uncertainty, it is worth taking risk in the market to get some stacks of dollars replicated. This motivation is more than enough to get involved in the crypto market and maximize the prospect of achieving riches.
540  Economy / Speculation / Re: How is future looking for Bitcoin and Blockchain in 2019? on: October 22, 2018, 06:54:23 AM
The future of bitcoin is always changing from good to bad and back again in the short term but in the long long long term is is always looking good
Future of Bitcoin and that of Blockchain technology is superb which made the Bitcoin’s future, without this technology its position may get disturb. In the current time these two are going well and it will have achieved many things with the passage of time but you have to be preparing for everything. BTM technology added more to the Bitcoin just like we use ATM cards for banking transactions etc.
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