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Bitcoin / Bitcoin Discussion / Re: Just got a little extra money and want to invest in crypto, should I?
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on: September 13, 2018, 04:29:13 AM
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if u have very litter funds it is better to participate in Bounties This is where you get paid to do a small job such a translating an announcement for a new coin into a foreign language or you promote the coin to your Facebook or Twitter followers. The advantage is that your labor is paid out in a crypto coin that itself may be undervalued and you may benefit from future appreciation of the coin if the coin is successful.
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44
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Alternate cryptocurrencies / Altcoin Discussion / Re: what is the best decision
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on: September 09, 2018, 12:13:18 PM
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This, I think, is the strongest argument for selling during a market correction (assuming you don't need the money and are long cryptocurrency, which I certainly am). Why not sell high and buy low? It sounds great, but... I'm just not that great at telling the future or timing the market. When bitcoin went from $1,200 down to $250 in 2014, I didn't sell. At one point I sold some, but then it started to go up again, and I bought right back in. I was too emotionally connected. I think cryptocurrency is the future, and I don't want to be on the sidelines trying to buy back in at higher prices later. At the same time, if I had sold at the top and bought near the bottom, I'd have a heck of a lot more cryptocurrency than I do right now. This is a strong argument to sell and then re-buy later.Often times whales will destroy a market, punishing the price using their extensive currency holdings until everyone who isn't invested long term sells. Then they scoop it all up cheap and enjoy new all time highs with more than they started with.
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45
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Alternate cryptocurrencies / Altcoin Discussion / Re: Do we Need Altcoin?
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on: September 09, 2018, 08:11:44 AM
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Altcoin provides potential test features that appeal to the development of Bitcoin in the future. So even though Bitcoin has its own feature test, some parties have a "controversial decision" that is better to give a test for a certain altcoin first. then now, Litecoin experimented with Segregated Witness. Depending on the results, SegWit can increase support for Bitcoin itself. Also When there is a lot of aggressive development in Bitcoin world, then new features are always welcome. And it's no use relying on the same group of developers to bring in new features all the time. So altcoin developers sometimes come up with new perspectives that are later introduced in Bitcoin's source code. However, we need to know that not all the features found in altcoin are eventually used to strengthen the Bitcoin source code.
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46
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Economy / Trading Discussion / Re: Trading or not?
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on: September 08, 2018, 03:32:28 PM
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it is better to diversify, do not concentrate all your investment in one or a few coins, this makes your capital much stronger and more secure against losses.
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48
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Economy / Trading Discussion / Re: Your greatest trading regret?
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on: September 08, 2018, 09:06:45 AM
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Some people have suggested that they couldn't live with themselves if they lost trades as bad as I've lost them. What I have is a life free of regrets today. I'm very grateful for where I am and that's critical, especially in cryptocurrency trading where there are so many huge opportunities that get missed, where there are so many trades that look like a winner at the time, and then seem like a big loser looking back on them.
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49
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Economy / Trading Discussion / Re: What are common mistakes and problems of the traders?
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on: September 07, 2018, 05:32:08 AM
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Psychology! If you're new to the investing world please read about human psychology when investing. We all heard it before, buy low and sell high. However, that just doesn't happen. In fact, 90% of people do the exact opposite. I, unfortunately, am part of that 90%. See, I got caught up in what we call FOMO (Fear of missed opportunity). I bought both Chaincoin and syndicate very high. I saw how well Chaincoin did so I speculated that Syndicate would do just as well. I also took advice from a very high rated YouTube channel to buy syndicate without doing my own research. Now I'm not blaming anyone for my losses besides myself. I choose to buy those coins. I just broke my own rules. I told myself I would never get caught up in FOMO and I would do my due diligence to research a coin before I bought. I was doing pretty well until I lost track of my thoughts because I wanted to make easy and quick money and I saw these two coins being hyped up I fell for the bait. Just know, in order for people to make a lot of money quickly in this world, someone has to lose a lot of money.
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50
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Alternate cryptocurrencies / Altcoin Discussion / Re: How do you choose a good ICO?
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on: September 06, 2018, 04:35:31 PM
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Investing in ICOs or fully functional fresh currencies can be very profitable due to the fact that one is able to get in asset quick and often ahead of other market participants. However picking bad coin can easily lead to complete loss of investment if something goes wrong on development or coin has no long term use and the market looses faith and trust in currency which leads to collapse of value. Shocking statistics that majority of new traders or investors do not realize is that majority of coins are the ones crashing not the ones performing with significant value increase over long period (1-3years). This is important fact to consider is
1. Check the crypto currencies forum page on bitcointalk forums. 2. Flashy images and good page setup 3.Transparent team. 4 Long term use of Coin 5.Market capitalization.
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53
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Economy / Trading Discussion / Re: How to overcome my fear and how to start trading?
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on: September 02, 2018, 08:22:41 AM
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In short, avoid allowing fear to make decisions for you. Define your investment or trading strategy. Learn about it. Know what you plan to do and why. Write it down to remind yourself. Consider how you can flip the situation and see it from a different perspective. The key to overcoming loss aversion and other predictably irrational tendencies is to identify them, understand them, and create a system for dealing with them that works for you.
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54
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Alternate cryptocurrencies / Altcoin Discussion / Re: What are the reasons behind banning cryptos?
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on: September 02, 2018, 03:54:07 AM
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Even if some countries will try to ban cryptocurrencies, that will only create black markets. There is no way that government can stop people from downloading Bitcoin wallets and sending each other cryptocurrencies. Governments can declare cryptocurrency illegal but it will have no affect as they can't control it due to the decentralized nature. That's why in my opinion governments will not even try to ban cryptocurrencies as it is pointless and it would bring even more attention to crypto world.
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55
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Economy / Trading Discussion / Re: How to learn cryptocurrency day trading!
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on: September 01, 2018, 12:47:09 PM
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trading is not very hard, you just have to learn to reduce stress of trading by keeping in mind some of essential points: when you first start trading focus on trading small sizes, do not count money while trading, use the 2% Rule, keep records of all your tradings and also write down your plans.The difference between those who succeed in trading and those who fail is not the system they play, but how well they play it. Your mind is a powerful thing, don’t let it beat you in the market. Keep that in mind and enjoy trading.
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57
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Economy / Trading Discussion / Re: Master the trading
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on: September 01, 2018, 03:46:39 AM
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As we decide to start trading it is important to ask ourselves: what does it take to become a successful trader? Trading tactics, psychology, money management and record keeping are four factors that determine the success of a trader. If you keep records, you will learn from your experiences. A good trader's goal is not to make money, it is to trade well. If he can do that the money will follow.
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58
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Bitcoin / Bitcoin Discussion / Re: Who controls the crypto market?
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on: August 31, 2018, 02:48:13 PM
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The key to understanding control of a crypto currency (via consensus and contribution) vs control of a fiat currency (via central banking) is simple.A central bank has the ability to extract value from the people who use their fiat currency. They have a government with guns to enforce the use of the currency.All the participants of a crypto currency can only create value for each other or the entire thing falls apart because there is no incentive to support the currency.A failure to perpetuate the core ideas that make a crypto coin possible makes everyone involved poorer so there are many positive incentives intentionally built into crypto currencies that prevent everyone from becoming poorer.After all... Who, in their right mind, would support any system that makes everyone poorer while enriching a chosen few? (Cough - Central Banking!) I hope this was useful for you!
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