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Economy / Trading Discussion / Dangers of a HODL’er:
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on: October 14, 2018, 04:39:31 AM
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1. Lethargy during a sideways market 2. Disregarding your strategy 3. Chasing somebody else’s dream 4. Believing somebody else’s FUD 5. Using money that you shouldn’t be 6. Failing to properly do a self risk analysis before investing
If you can cope with these dangers then this type of investment will do well for you. This is a hands-off, long term method of investing. DYOR, find good coins with bright futures, buy and hold. Don’t worry about the daily percentages
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3
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Alternate cryptocurrencies / Altcoin Discussion / Re: Which do you prefer, bank or crypto?
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on: October 14, 2018, 04:26:40 AM
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Initially when the bitcoin technology was introduced many people condemn it mostly the financial institutions e.g Banks. But right now the success possed by this bitcoin and the blockchain technology is now a nightmare for the banks because over the last 3years the use of bitcoin in the international market has increased especially in the year 2017 where it has skyrocket and now becoming a major currency in trading.so i choose crypto over bank.
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6
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: I am sure Bitcoin Will go $50,000 End of this year because of ETF!
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on: October 12, 2018, 04:48:08 PM
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It certainly is possible if the ETF gets approved in August. I think people have witnessed a bear market for so long that many forget just how quickly BTC can run in the opposite direction as well. If we do start to genuinely go up again, the breach of 10k will get mass coverage, while a breach of 20k will see a drastic climb up, as breaking the ATH would likely cause intense FOMO with everyone that sold during the bear market.
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8
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Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum is ICO king, Do you agree?
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on: October 12, 2018, 03:20:00 AM
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Particularly with the explosion of ERC20 projects in 2017 (ERC20 standard is basically a clonable crypto-asset that makes it simple to raise funds on the Ethereum blockchain). The SEC’s move became all the more likely in light of Bitcoin.com’s recent study showing 46% of ICO projects in 2017 have already failed. It appears ERC20 tokens made it so easy for projects to begin raising funds without any consideration for their legal needs — many forwent any true debate around their technical needs as well.
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Alternate cryptocurrencies / Altcoin Discussion / Re: How long will this bear market continue?
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on: October 07, 2018, 01:26:39 PM
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Bear market dose not matter just keep holding,Those who really benefit from cryptocurrency are those who get in for long term. on the first of January 2016, those who had bitcoins knew the value then was around $400 and by January 2017 1 BITCOIN was $1000, which is over 100% gain. looking at this, selling would be the best option , but holders won .
Also note that cryptocurrencies are very volatile, its very possible to make 1 million dollars from $100 or $10 in 24 hours and also VERY easy lose that 1 million dollars in less than a minute, so invest into cryuptocurrency with money you can afford to lose and make proper research before buying into a any cryptocurrency and don't sell off too easily.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum a threat to bitcoin
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on: October 07, 2018, 11:51:37 AM
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I do not think so. I am expecting the complete opposite, not as bad as removed for lack of interest, but not the huge success ETH fans think it will be. Too big to fail? maybe, but there is no government that will jump in and save it, and the whales who saved it the first time from collapse will have other options.
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Alternate cryptocurrencies / Altcoin Discussion / Re: Are old coins no more profitable
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on: October 07, 2018, 10:17:54 AM
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I have come across so many different digital currencies that are no longer profitable for miners who are hunting opportunities. What would we think of coins that show up in the scene and never reach a real valuable exchange rate against Bitcoin or USD? It is known that those coins as any traded goods are subject to the law of offer/demand and the volume of the trades (market capital), the more the users and adopters of the coin the more it has value (increase in its value against USD or BTC).
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Alternate cryptocurrencies / Altcoin Discussion / Re: Alt coins worth buying
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on: October 07, 2018, 08:26:46 AM
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why only be excited about one cryptocurrency graph when you can be excited about 5 or maybe even 20 similarly if not more thrilling graphs.We've all heard the stories of someone buying a coin for .50 cents and after a month of holding it it's valuation going up to 5 dollars multiplying the person's investment times ten.
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: I have 250 ETH, Hold or SELL?
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on: October 06, 2018, 02:44:17 PM
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I don't hold any Ethereum, and they will no doubt have to work out issues that they are having with these ICOs , but I don't think that a drop in price of a cryptocurrency indicates that anything is wrong with the technology behind a coin or that it is gonna fail. Perhaps in the short term everything will fall (as it is), but at the end of the day, the best underlying blockchain technology will rise to the top, and if you believe that Ethereum will fix the issues that come with being a giant in the industry, than HODL. I look at coins that are severely undervalued based on their technology, and that tells me that cryptocurrency prices are MOSTLY based around hype at this point. Time will separate the best from the mediocre, and I do believe Ethereum to be one of the best.
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Economy / Trading Discussion / Re: start trading
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on: October 06, 2018, 08:42:59 AM
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ANALYZE TRENDS AND CHARTS If you are trying to day trade, you will have to learn how to time it out. You need to have extreme discipline as well. It's very easy to be excited about a coin, thinking it will keep rising. If a coin has dipped, that is typically the time to buy in. Tell yourself you will sell at X%, and stay true to that. Remember my purchase I made that gave me 10x return? Well, I didn't cash out at that point and kept thinking it would rise -- a common beginner's mistake. I didn't do my research to even have a valid reason to keep holding and I also didn't realize how astronomical that return was. I didn't understand the discipline in investing at the time, but that was definitely a lesson learned. I do believe in holding for a few years if you are not big on day trading, even if you can make profits from swing trading. There are absolute exceptions, especially when you are willing to take a risk because you just fully believe in a coin's future. Sometimes it's better to keep your hands off for a long time because if you don't know what you are doing then you could lose a lot of money.
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Economy / Trading Discussion / Re: Fighting your own FOMO
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on: September 29, 2018, 01:00:13 PM
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Look, in my opinion sometimes you get lucky for FOMOing, you buy something and it's going big or you join a project that is actually a good deal. But I wonder if that's good in the long run or just reinforcing bad behavior. Imho, try to stay away from it, be rational, and always have an WHY for what you're gonna do. Personally, FOMO hits me the most when I sell not when I buy. Every time I sell, I wish that coin will never go up because I KNOW, despite a solid why, a plan, and even a good profit, I'll feel stupid for selling early. But knowing is how you win the fight with FOMO. Expect it, laugh at it, move on
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Economy / Trading Discussion / Re: Daily trading or Holding Cryptocurrency for long time
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on: September 28, 2018, 07:29:02 AM
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Learning to day trade Crypto can still turn a tidy profit if one follows trends and becomes well versed in the specifics of each coin. So, go out, be patient and diligent, and make money! I've been trading cryptocurrencies for 2 years now and I can say that over $200 billion dollars was made worldwide and has made millions of traders rich. I trade LTC, BTC, ETH, BCH, BCC etc.
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Economy / Trading Discussion / Re: How to Choose the Best Cryptocurrency Exchange
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on: September 28, 2018, 05:00:33 AM
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Bitfinex is the Cryptocurrency Exchange that has the biggest market. You can buy directly Bitcoin with Dollars, and you can trade some other atl-coins also. There are around 15 different cryptos you can trade on Bitfinex, with the most popular as Ethereum, Litecoin, Bitcoin Cash, Monero, Neo and more !
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