I think it is really hard to earn a cryptocurrency now, the market is going down, everything is so difficult.
You have to know that making profits is not only from trade, right? I know that when conditions are still bearish it will be very risky to trade and it is quite difficult to make a profit, but you can try other options such as bounty, mining, etc. |
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there has been a bully of a crypto market today, but its movement is still very low. the thing that we will predict in the crypto market maybe next month will also increase the price or maybe next year. do not just worry too much, just wait and wait for a little bit of time to come back to the right bull market and we'll also get a good profit sooner.
why does the price not return to its normal condition, and back up? because most users are still worry and afraid to re-buy, see how the current downturn in bitcoin marketcaps, it proves that market demand is declining, and the market is increasingly quiet? because many investors are still hesitant, |
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Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?
Depends on you though. In this kind of bear market you can still profit a lot, but if you see that you are not good with it then it is up to you to quit trading this bear and just wait for the bull market again. - Bear market can really bring us a lot of profits but huge risk will always appear beside the huge profits, and as we can see, many traders also want to make a lot of money in this market, their situation now is probably not so positive, the loss has clung to them, and this loss is getting bigger. Not only the ordinary traders, the experienced traders are also unable to escape this situation, whales have completely controlled the market, we plunge into just become prey, the best that we should be outside this war, only come back when everything has gone into orbit I don't think that when bearish happens gives you a lot of profit? do you know prices are often weaker than prices rise? if you are wrong in determining the timing to sell maybe you will lose a lot if you do not cutlose, because prices will continue to weaken? Bearish are more risky because changes in prices rise more rarely, you must be more observant in analyzing |
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Build yourself a trading plan that will guide you in the market, and this is actually the most effective way to actively remove the loss transactions due to emotion.  monitoring prices first and recording price movements for some time, this might provide a better picture for us to predict future prices, indeed it cannot be a benchmark for us to start trading but at least it can make us more confident, because the price of bitcoin is very easy to move up and down. Just a monitor is not enough to make a choice, but at least it can give you a little view, you can make plans in trade like what percentage of profits you will make, and what percentage of losses you can afford, so when technical analysis is done you know when to sell it |
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all the benefits that you mentioned are correct, but we must not forget some of the risks that will be faced if investing in bitcoin, one of which is that we will lose all our money if the price of bitcoin decreases. so if we have bitcoin, we must continue to monitor price developments.
I didn't agree on the line that I bolded above, you've said that it will lose our all money if we invest on bitcoin when it comes the price decrease. Then don't be a dump if you sell you Bitcoin while it decreases the price in the market, it surely has a loss but not all your money unless bitcoin will have no value in the market. Indeed, you can ride a risk if you know how to manage of this, yes monitor the price in the market is one all you need and sell when your profit was there and I think you've nothing to lose. I think the charts and candles on the market have already shown when to sell, thats why you have to know how to do technical analysis so you can avoid losses when prices will decline. after all, not always falling prices cause you losses, many people use it to buy more a lot so you can buy at a cheaper price and get big profit |
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So real. I thought after depression there will be suicide.  Just kidding. I kind of at thought by it since the fall of all crypto. We may be seeing a lot of news about suicides because of crypto investing. I am still hoping that we can reach them out but it is a big loss by now. Thanks for sharing this cool image though. It looks like a person experience before and after investing in crypto. I also really hope that prices can go up again, because the drop in prices is far beyond my expectations, I think correction is only about $6k, but even worse, but I don't blame the market as a whole, we also have to look at market conditions before investing in big ones, it shouldn't invest when ATH is happening. so you just buy high sell low  |
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Soon enough we will see a collaboration between the fiat, banks and the cryptocurrency in the future because that is where cryptocurrency is going since it has a technology that the fiat and the banks need so they can have a better future in the making. Cryptocurrencies might be look like a scam or a bad image for other people in investing but it the future, it will be playing a big role.
Electronic money needs more time to reach most of the community. There are still many skeptics about it that still exist. The future of banks with electronic money is not certain. It is important that everyone agrees to accept electronic money. Then you can go on. People are happy with it but the only hurdle is government, if government of a state recognizes it and brings easiness for people to educate them with its use then the country will make progress of one month in few days. There are countries which are using the cryptocurrencies and their people are enjoying so it is more up to government of a country and not only up to people. The government will not do that, their concern is not to advance their society to get to know about technology but rather to improve the community economy first, thats why in a poor country, technology like a digital currency there are still few users |
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We had our best performance when people could invest $1000 today and then sell it for say $1100 the next day. An investment is attractive when there are constant upwards movement in the price. <Day traders flourish in these market conditions> A sudden spike only draws speculators with trigger fingers and they dump coins at the slightest drop in the price. We have seen that, when the correction phase started in Q1 of this year. Bring back slow, but constant growth and Bitcoin will succeed. I think all investors want it to happen, they certainly can easily get profit because of the constant growth that exists, but in fact the price of bitcoin is very volatile and unpredictable, prices sometimes will stabilize and sometimes change very quickly, we can just lose and can profit |
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Communicating with different entrepreneurs, I see their interest in crypto, but price instability, lack of sufficient knowledge about the functioning of cryptocurrency, stop them from starting to accept Bitcoin and altcoins. But every day I see more and more organizations that accept Bitcoin as payment and this gives me optimism about cryptocurrency.
I think the only key is to give an automatic conversion system to fiat so that price fluctuations from bitcoin will not burden to the seller and buyer, I'm sure this payment system will be in the cryptocurrency some time to come |
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We all know that Cryptocurrency will be big in 3 to 5 years time. However do you believe that gold and/ or silver are alternative investments as well?
Discuss
Of course even in some Middle Eastern countries, gold is a main commodity and even the recommended currency to used because the price is stable and avoids from inflation, if you want to keep the value of your money, keep it in gold, but if you dare to take risks, then you can trying to invest in crypto |
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Bitcoin is definitely not the best way to save money because because of it you can lose more than 80% of capital
For the short term, bitcoin is not a safe place to save money because of fluctuations and so on, if you want to save your money without a big risk, gold and real estate are the answer, the price is stable and even it price continues to rise |
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I also belive a billion of people will be using cryptocurrency in next five years. Day by day people attract on cryptocurrency because now crypto currency is the most profitable platform. So I think easily brian armstrong predict come true.
Not only about profitable from the investment side, but also very helpful for the problem of financial transactions worldwide, of course the development of bitcoin will continue to advance because many people will definitely be interested in this technology, but to reach a certain number of users, I can't be sure when the number of bitcoins will reach A billion users |
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yes I agree with you, indeed in essence, the internet and bitcoin are interrelated. and whatever happens if there is no internet or other communication network in this world ... it will be chaotic, especially in terms of business, because it is vital to connect with our income.
The internet and bitcoin are part of interconnected future technologies. the internet will become a platform for future technological innovations. I don't think that the internet will die someday. so forever bitcoin might stay alive as long as the internet still exists |
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can this world stop in gambling?
someone who like to gamble hard to escape from the gambling trap. almost like a drug addict. Even after they went bankrupt still struggling to gamble by borrowing money for gambling. Actually what do they expect?
Gambling ends if the crypto dies,it can affects all gambling sites if crypto is out of this world.It really helps a lot of people to survive in gambling.. even if crypto dies though, gambling will never die, actually gambling has been around for hundreds of years, this is not about the gambling industry that harms many people, but gambling is more than entertainment for many people, gambling will never disappear, many people who enjoy playing gambling |
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Now I am not an expert in gambling but this day was a really eye opener for me, you can never win in gambling. Imagine when you can't win in lotto , soccer betting or whatever you call it, you don't have a chance in slots.
I'm not an expert in gambling too but saying that you can never win in gambling is just bullshit. Maybe you are just saying this because you can't accept your lost. If winning in gambling is impossible then why are many people still gambling right now?? I disagree with you. You can win in gambling. You just need the right ingredients to win like luck, strategy, discipline, etc. Gambling is about winning or losing, if you are not ready to lose don't approach gambling. In gambling, I am personally guided only by luck. but I don't agree if gambling can win with certain ingredients such as strategy, discipline, and so on. I just believe that most of what determines win is only luck, but I realize that you can win in gambling, but you can't be sure and guarantee that you will win |
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no, I always sell all the coins that I have without having to think about what will happen, when you buy and sell coins, never look back. keep trying to jump from one market to the next because crypto always provides various investments that have the potential for a certain period of time
I dont think so, there will be situations where the price changes in the market are unpredictable, it can go up and can go down, but if you think prices can still go up, then using this strategy is a good choice, sell some and hold some |
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Why should I use my smartphone to trade while the laptop is just in front of me? If you say "Yes, but when you're outside?" When I am outside I have better to do and it will wait I come back home. I won't bother to use an android app to use while driving or walking, with a small screen, shit connection, or unsecured one, etc... No thanks, I don't need an IoT life cloud based!
Agree, I don't think you should trade when you in outside, let alone use a cellphone? because analysis will certainly use many aspects and it might be very complicated if you use a cellphone for analysis, if you have a laptop it would be better to use it for trading, its much easier |
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betting for some people is an instant way to increase assets very quickly and this considers probabilities and luck, very different from trading which uses market analysis, market trends and also technical and fundamental factors. I suggest trading because it has a lower level of risk with a balanced profit compared to betting
I myself have a mindset that gambling is not a method for making profits, so I will not compare it to trade, gambling should not be used for the only way to gain profits and wealth because the results will not be predictable, you might be bankrupt at the end? |
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There is no reason to see it as GAME OVER for Bitcoin. We saw it many times in the past, it's not really a new situation. Take it as ENTRY/BUYING CHANCE  Don't listen to it, it's only the FUD to see the condition of the price lower and they want to go back to buy in large quantities. keep calm and hold your bitcoin, bitcoin will not become worhtless, use your logic, with millions of users currently it is impossible for demand to be zero, wait until the price improves, it will definitely happen, this is not the end of bitcoin |
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I think that this may happen in the future. but this will only happen when altcoins have a good working product. but it may be the case that bitcoin will not become a secondary.
There is a possibility, of course the altcoin must have more sophisticated technology so that it attracts many users, and certainly has a selling value or a product that can be run, such as Ethereum with their platform, but even Ethereum is not able to defeat bitcoin |
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