my biggest factor is failing to trade because of uncontrollable emotions, this is what always imposes I am not focused on trading, due to the great desire to profit. ignoring the potential for large losses that have never been calculated.
You're not alone on this. I know a couple of traders with emotions and money management issues in trading. I think that's where y'all should work on improving now you have identified the source of the problem. One of the rules of trading talks about making sure one's emotions are in check when trading. When you've that covered on your checklist, You should be good to go. Finding what is the biggest contributor for such fails will be a good idea and making immediate actions will help to stop losing our funds. It is a big for us if that certain thing our emotion or having a attitude problem, it is surely a big work for us and not sure if we can make a change in ASAP. Losing isn't unusual thing happen in trading but at least we work on it to avoid such failures and big losses. I think it's a form of introspection, and that is important for every trader. traders learn from experience. and of course from self-introspection you know what's wrong with your strategy and plan. you right, losing is a natural thing, but most importantly you know the reason, why you can lose |
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I had no idea how long will it takes, even the experts can't say the accurate date when will gonna be finish?
That's why for what I did now was day trading for the meantime, so that at least I may get a bit small profit in it for me to
survive in this situation. Many predicted before end of 2018 bull run next on this 2019 then all of their prediction was
failed and not happens.
Because doubts are still the main mind and the main concern in the market, prices that fall very deeply will certainly take longer time to recover because many users are still traumatized about this. little by little users will come back to believe, 2019 may still be a preparation, but 2020 might be the turning point for the market |
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Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of $190 million worth of BitCoins with him.I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake. I did a detailed study of what exchanges to use and what wallets to use - - Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
- Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet
Let me know what you guys think. I think the best way it is just to keep your funds on a hardware wallet like the ledger nano s (or also others). All other methods are not even remotely comparable in terms of security. every wallet has a risk, even for the hardware walllet, your hardware wallet can be stolen by someone. therefore you must have a backup plan such as storing the private key, installing a double password, or dividing the funds into another wallet |
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We use bitcoini only for trade or investment. if we start making payments with bitcoin in our daily life, Then everything will change. Bitcoin is definitely the Gold of this age. When the time comes, everyone will see that.
Absolutely right, I think humans are still a curious people. they will try whatever they think is interesting, and when a lot of people around them use bitcoin for payments in several stores, many people will definitely be interested in knowing more, this should also be helped by the many merchants that accept bitcoin |
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There are many things that need to be consider if will start investing in a coin. First is look how good the coin is and if how strong their platform and structure. Second, check if the coin have great potential in the future and lastly check the coin in there are a lot of investors who will invest in that coin.
consideration from any side is certainly needed because the risk in investment is very big but the confidence needed in the investment so that choosing coins according to the beliefs of each investor There are many things that must be considered, of course many people have provided many tips on how to research and analyze a coin. and that's what you have to do before buying, seeing market conditions, checking news and issues, and so on. that's a form of consideration, of course its very important |
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I did not experience the bitcoin price situation in 2008 because I have only joined the bitcoin world and crypto currency since 2016,
but I once learned about the state of bitcoin at that time from the experience of my colleague who had joined since the beginning of bitcoin was created, but I can't regret anything, I never expected back to a time when bitcoin was cheap or expensive, I hope that in the future bitcoin prices will continue to increase.
maybe on 2018 situation in cryptocurrency market has same condition with current condition.the different thing maybe at that moment there is no insituttion investors and maybe fud not massive yet. The situation is certainly different, at that time people were not familiar with bitcoin, the number of users was still small, trust in bitcoin was still low, and so forth. lucky people who invest in bitcoin at that time. whereas currently bitcoin already has tens of millions of users, and many people believe in this investment, the only thing that is still the same is, the potential of bitcoin is still huge. |
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I do not think that traders are selling their assets now. The market is experiencing worse times, but it’s unlikely that anyone will want to sell their cryptocurrency so cheap
I agree with you, I am also one of the investors who still survive the decline of crypto, hopefully in 2019 there will be good news. Early investors are actually waiting for good news since 2009 and even in the middle, in 2017 all of the cryptos showed a huge growth which can be expected again. I am holding some bitcoins from long term which were been bought on the peak but still i don't regret and prefer holding them untill i gain the original value back. That's how investors should feel, not regret and accepts any conditions that exist on the market, but in fact many people are sad and regret to buy when peak and see the price fall on the bottom. most of them show panic. even though it doesn't help in their trade at all |
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When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.
That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018. Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017. I think the strategy is not like that forever, especially when the upward trend occurs. Of course many people will buy at that time, and if you don't buy maybe you will be left behind by the train because you just lost the opportunity, like in 2017. buying when many people buy can also be a good thing, thats why you should see more market first Indeed! Volatility is not something to worry much about because it's part of market growth and in gaining profit. I learned to stay more patient and hopeful that market can potentially recover at the course of time, at the same time being strategic as to what are best actions to take during price fall. I also motivate myself to explore inorder to learn more, to discover more creative ideas, to gain knowledge, experience, and be more productive rather than getting stressed out by taking a look at the current state of the market. At the end of the day, it's all in the mindset and on how we respond with these kind of situations with optimism and humility. the most important thing about market fluctuations such as bearish is that you know how to apply a strategy to buy and sell, you should to have a strategy or plan for it, from your lessons and experience you must understand what will happen on the market, you're right, rather than sad, better make a strategy from the experience you have got |
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crypto must be organized
bitcoin must be separated from eth and all coins
ico's Is the biggest fraud in Cryptocurrencies
What is the point of creating coins and then the last going without return?where is lot of coins for example (WeTrust /bch........... lot of coin in bittrex and poloniex and other exchange before some month)!!!!!!
How bitcoin rise to 19600 usd per btc , last year?Did not you hear screams that bitcoin is the only legit investement and BTC Dominance
People must stop investing in eth and other coins , all funds of icos or coins of future must be turned into bitcoin
eth Is the head of all coins
what is the Beneficial from Curse coins ? who accept it?
If we take money of icos and And invest in bitcoin Imagine!!!!!Must be maturity in the minds of traders
The currency of internet is bitcoin only
i think etf must approved for bitcoin only and soon
bitcoin does not need etf or bakkt for go up
etf and bakkt is a way for crashing prices of bitcoin
I dont know why youre so mad at ETH and other altcoins considering ETH is the strongest altcoin recorded now and labeling it as cursed coins. Putting your resources into different markets is the best way to expand your profit. You should put some on altcoins too. I know there are many scams, but the top 10 altcoins isnt part of it. You should realize it before its too late to invest. and in my opinion you shouldn't use just one investment right? more over Ethereum is a good and profitable coin to diversify? sell coins that if it's the right time to sell, but don't use all the funds just to buy bitcoin |
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When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.
That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018. Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017. I think the strategy is not like that forever, especially when the upward trend occurs. Of course many people will buy at that time, and if you don't buy maybe you will be left behind by the train because you just lost the opportunity, like in 2017. buying when many people buy can also be a good thing, thats why you should see more market first |
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I don't think no other currency will be the value of Bitcoin at anytime if Bitcoin was to be fall down then the total Crypto market will collapse because people enter into the market by the development of Bitcoin so when the Bitcoin will not be in good state then the market will definitely go to the negative side.
For now there can't be crypto that can match bitcoin, bitcoin is still very influential and dominates the market, all crypto is affected by the bitcoin market. you right, even if bitcoin is dead maybe all crypto will die too. but I do not rule out the possibility that someday, there will be a bitcoin competitor who is ready to defeat bitcoin in the future |
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Unfortunately, not everything is so simple.
It should be remembered that there are holders who bought at the level of 6K, 7-8K, 10K ... Some of them will want to sell at their price. This will create a lot of resistance at these levels. Therefore, a return to the prices of 15K + will not be easy.
I think so, not as easy as that, price can return to that position, especially with market conditions and psychological conditions from investors who are still traumatized, of course it takes a lot of process to reach that price again. bullish has not started yet, but I'm sure bullish will happen this year |
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Some form of abuse is always to be expected in any kind of new technology unfortunately. Also adding the fact that bitcoin and most cryptocurrencies are pseudo-anonymous, the scams and hacks are definitely to be expected. For now, pretty much all we can do is to deal with it, until probably a better solution of handling private keys becomes invented. Something that could potentially easily convince the majority to hold their funds on their own wallets; in contrast to holding funds on exchanges and online wallets.
Yeah I think we should be fair with that, even if the financial system is centralized, there is still a lot of misuse, because the decentralization transaction is a transparance and decentralization can actually be used to reduce crime, depending on how they use it well or not, |
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Although many people join and believe bitcoin but not all has its own expectation met, bitcoin itself is unpredictable, and its value as well is changes from time to time, so people cannot wait til they get what they worked hard for, they give up and do not continue. They do not fully understand how bitcoin works.
in other words some users see fluctuations as obstacles? it is precisely the wrong idea, I think they should know that fluctuations will continue to exist in the bitcoin market, and look at it as an advantage, not as a obstacle, because fluctuations can give you a big profit |
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it looks like you are stuck in the bear market  , I also often experience such things, You have to dare to lose a few% of your balance before impacting greater losses.. Next time use the stop loss earlier.. With a note that the coin you bought will experience a bad conditions again? but if the coin you buy gives a signal that the price will improve and go up then don't do it, if you want to do a cut-lose then make sure you see and research the market conditions first |
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actually the first capital if you want to start trading is that we have to strengthen our desire to trade, we must be absolutely sure if we want to trade. because if we are not sure in trading, we will be easily affected and back down if we suffer losses, we must know that the biggest risk in trading is losing all the money traded.
Trading balance is not subject to feeding our desire unless someone reach to professional level. Trader should be able to manage risks with mastering himself. Managing emotions is more important than thinking about profit. Inexperienced traders need to increase their learning capacity before moving to real trading from demo accounts. this is the statement that I'm really waiting for, why? because beginner traders will be more concerned with capital and the benefits they want to get, they forget that in trading there are emotions and risks that are more important to manage. Yes, with trading capital is a must. When we put investment surely we expect good return out of the same. So, the risk will be found with it. To face the risk all that necessary is the trading tactics to buy low and sell high. We're supposed to make the way, for the same lot efforts in terms of observations about the market is a must to succeed. Trading capital should be adjusted to your ability in trading. yeah we know that trading is very risky, it requires strategies and tactics to win, and for those of you who don't have experience. of course, use small capital first. adjust to your experience and skills |
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ALL fiat currencies, throughout history have always failed and always will. They are a farce and a scam. They are corrupt and evil.
Why do you think Paper money is scam? It has contributed a lot to the economic development of many countries. It was created to modify trading when mankind started with barter trading. Although it has got some disadvantages like subject to wear-and-tear and ability to be counterfeited which makes all digital form of currencies including cryptocurrency a modernized form of payment, i would attribute scam to it. I think because of inflation? we know that the price of living necessities such as food, clothes, houses, etc. will be increasingly expensive for fiat or paper money. in my opinion this is not a scam, but we know that from the beginning right? use fiat and paper money for payments not for the long term saving #imo |
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Bitcoin value of price is still weak but popularity is only fundamental for Bitcoin being strong and still stand despite of all negative result for the whole year from 2017 to 2018. Lot's of people taking advantage what price of bitcoin right now so its fundamental if you see that we have a strong investors that still buying bitcoin until now. I think the weakening of prices cannot be interpreted that bitcoin is getting weaker, I think the strength of bitcoin is seen from their development and existing adoption? adoption and development may continue to advance, but prices can fall at any time right? |
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Now these topics are very relevant. I have already met a lot of posts on the forum, which said that in some place open or already working bitcoin ATMs. I am very pleased, because it is really convenient and, importantly, also reinforces the interest in crypto in other people. After all, we are aimed at expanding our cryptocommunity.
It might be convenient but you must be sure that it is place on the right and safe place or else your money will be taken away by a greedy people. Good to see more bitcoin machines, this is a step closer for a great adoption of every government and of course the ordinary people For developed countries like United States, the development of bitcoin ATM will be very fertile, because there are many developers there, technology is also growing rapidly in that country, the number of bitcoin ATMs is directly proportional to the country's technological development, it would be a good idea if the developer invades several small countries, to make a bitcoin ATM in every major city in the world, it will accelerate adoption of course and make convenient to use bitcoin |
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Each people has a different opinion, it is easy to understand. Good thing is that all of them think the market will recover. I believe the market will recover too, it will start at spring 2019.
right like that because we know the risks in investing are very large and it takes confidence and patience needed and in conditions and situations like now we must be smart in utilizing every opportunity that will be obtained in these investments Most importantly, every user is believe about price recovery, that is enough to make the market much better. whether when recover will occur, but the confidence in each investor will be very needed. so the market can be more crowded and certainly will raise prices, just keep believing |
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