I can totally relate to this as I have experienced the same. I have been trading from quite a while now and my friend who is new to trading keeps asking me what to buy in order to get good profit.
He often asks me how to know if a coin will go up soon and how to know the right time to buy and sell. I advice him to learn and practice trading on his own rather than depending on a second person for such things.
We can't keep on asking others for our investments. It's better to research and analyse the market on our own and then make the investment. Even if we loose the money, we won't have to blame others for this.
Just like my friends, they often ask which coins are potential, when prices will rise, and which coins are good for short terms, and so on. first of course I will not give my strategy, secondly he depends too much on me, third they will miss/skip the learning process because they always depend, you are right if you want to profit in trading, then learn and use your own knowledge, so you don't blame others when you lose |
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I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.
When you trade, you can make a lot of mistakes starting with the wrong choice and ending with the panic sell. Day traders make more mistakes that the other guys that are dealing with the cryptocurrencies. Everything depends on the choice. In case you invest in the wrong cryptocurrencies, very soon you will understand that you lose. Follow the market news to know how to pick tokens. not depend on choice but it depends on your skills and knowledge, if you are skilled in doing market analysis, where are potential coins, and when is the right time to buy and sell. then the risk can be lower, and the possibility of mistakes is minimized, keep up your skills and knowledge dude |
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Yep. Since the cryptocurrency is making its name in the world. Of course it is natural that many scammers will be gone scamming people. It's pretty natural.
This is another way to earn money for those who are expert in coding and decoding. They are capable of spotting bugs in the websites that has the wallets of those who have invested in crypto currencies. This might be any virtual trading site that holds the important information. This can even be your bank account information and can get hacked which enables the hackers to control your accounts and could be used for many purposes. However all the companies keep it their first priority to strengthen their system and make a secure ecosystem for the users. Yeah it is the responsibility of the company to strengthen the security system because it is matter of money and if someone is scammed or his account has been hacked, he would be destroyed and will lose his heard earn money in seconds. Bank accounts are more trustable than crypto wallets because bank is responsible for any lose but n crypto nobody takes responsibility. That is the function of centralization, if a third party makes a mistake like conceding a system because of hacking, they will be responsible because of that, but centralization is full of rules and limits, while decentralization is all responsibility is on yours but there are no rules. so I always make my wallet secure as good as possible, like adding 2fa |
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no one feels good if the price of bitcoin continues to be the same as now until next year. just look, the price of bitcoin continues to down, the cheaper and harder to go up, how can it look good ?
bitcoin will be good for all if prices rise until next year. Until reached higher price like last year ago.
We cannot give up even the price remain next year as long as we believe on its potential and the crypto that remains on top. We have to buy more volume at this cheaper price because when it bulls again on the market, we wish to go back the price it has today. I am still hoping that the price increase even not that high like last year but at least be doubled the price it has today. we cant judge that it is bad or good, because some users consider it a good thing because the price is stable and good for payment methods and currencies. You know whatever happens on the market, you have to be flexible. Good traders are those who can take advantage of any condition to profit |
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Bitcoin holders must truly remain calm because there is obviously nothing you can do to change the price of bitcoin. All high can do is patiently wait and not panic. That is the qualities of a true bitcoin holder. The good time of profit will surely come.
Because calmly the calculation can be more mature and better. if you are too panicked, of course you will not be able to make a good analysis and you will be inclined to sell it because you are too afraid to lose, keep calm when conditions get worse, do the best calculation |
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Is that true and the news is very strong because currently the USD is still used in all markets and Theter also still has the current price even though when Theter fell because the problem will be removed from the market but until now the news is only a problem.
Maybe this is not the time for Bitcoin to replace Fiat because many countries are not ready to change their currencies.
Countries have been making their own digital currency, but they were not with the plans of stopping the use of fiat and move completely towards cryptocurrency. To me it can be considered as a starting of the increasing usage and adoption of cryptocurrency which might further decrease the usage of fiat gradually. I tell you this, digital currency is also included in the fiat system dude. credit card, debit card, or paypal, or other payment applications. is part of Fiat because it uses fiat currency or usd, so you are wrong to say that digital currency is increasingly being used but stopping fiat |
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Plenty of people expect a good winter season for cryptos but the truth is that no one really knows. We can only hold our positions and wait for the next rise to start whenever it happens.
For now there are no signs of shocking news, just be prepared with all the possibilities that occur. be patient, hope there is a positive news that surprises many people. like approved ETFs, it will definitely make demand rise again. |
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My biggest mistake is that I did not sell many coins and tokens in January and May of this year. No more mistakes. I believe that all my altcoins are promising.
Many made that mistake so do not blame yourself for not taking action at that time, what you need to do is to concentrate yourself in not making that mistake again, I know is not easy but if you want to make profits in this market you need to avoid making mistakes that you already made. I think many people are starting to regret seeing prices that don't go up right now and thinking why I didn't sell them in January? I often see this statement, it seems that many people are too greedy or optimistic that prices will continue to rise, you know that prices will not continue to rise forever right, so my advice you should not be too greedy, when the price is already profitable for you, then sell it |
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Cryptocurrency was indeed able to change one's economy for the better. And Cryptocurrency has a great opportunity to get a lucrative job. But this is still not Crypto approval of its use. And people will always use cash and if they use coins Crypto will be more difficult. Because not all people understand about Crypto.
The core problem here is not the possibility of someone getting financial benefits and work in Crypto. but the existence of cash could it still be there? I don't think so, because the world will become more sophisticated. cash is increasingly being abandoned, of course you already feel it now right, the replacement is certainly from digital currency either from Fiat or Crypto |
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Bitcoin has been on a constant decline in value ever since 2018 started. Most say it has been a result of government regulations, others say that whales are manipulating the market, and some say that it's the result of FUD within the cryptocurrency markets. However, given that Bitcoin was designed to be scarce or limited in supply, it could become much more valuable in the future. Nevertheless, do you think Bitcoin will hit a trillion-dollar marketcap in the future? How far do you think this is from becoming a reality? I would like to know your thoughts about this.  While a market cap of 1 trillion seems to be very high the truth is that the price of bitcoin would have to be something close to 60000 which is not really unrealistic if you ask me, the only thing that you need to ask yourself is when you are expecting that? If you are willing to wait up to a decade to see that market cap then I will say that the chances of seeing it are very good. If we look at the long term it might happen right? looking at total of bitcoin users while still arguably only a few percent of the total world population, if the user has been completely covered, of course marketcaps will be very large, it might happen because bitcoin continues to spread |
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I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
To make bitcoin stable, then bitcoin must have rules and regulations, meaning, bitcoin must be made legal already. But there would become many negative effects. If you're worried about your payment just withdraw them and keep in your pocket.There's nothing we can do to stable the bitcoin its not in our hands its volatile bitcoin born to increase and decrease that's why bitcoin is decentralized. Bitcoin is unstable and it will take a long to become stable just like fiat currency as we know that there is also fluctuation in the value of fiat currencies but they are stable. On the other hand, crypto coins especially the Bitcoin is volatile and this volatility will reduce only if more participants for Bitcoin increases which mean that demand rate will increase. If more investments take place Bitcoin will gain more support and strength and hence will get stable. Is it possible make bitcoin price stable? Even with marketcaps that reach hundreds of millions every day circulate in the market, does not make bitcoin prices stable? then what makes prices stable in the future as you say? |
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I think of course it is better to keep your money in such assets than in Bank deposits. It is also best to keep your funds in cryptocurrencies.
you know in a good financial management, you have to save more money in something that is low risk, not a matter of saving in something that has a high risk but using the right allocation, crypto and banks both have high risk, because of inflation or fluctuations, so make sure you also store in gold because it's much safer |
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It's largely considered to be almost a necessity to pay for some kind of education if you are planning on becoming a stock trader.
How many people have paid for some kind of trading education, either focusing in stock trading or in crypto trading.
Do you think it's helped you?
What was your experience through trading education either paid or unpaid?
Learning is free! we can make else where a school, not just because you have building, teachers and equipments to use make and provide knowledge you call it a school. You can learn everything, major example would be the internet, simply through media, specifically electronic media that contains a massive information about everything. Trading is easy to learn when you have experience to it. You right, you can learn anything for free, there are a lot of media that you can use like the internet to learn, school is not the main source of knowledge, even John Nash once said that 90% of knowledge is obtained from outside school, so if you want to learn trading, try to surf the internet and learn for free We are in a day and age in which anything you want can easily be gotten online as long as you have an idea on how to research them on search engines. However, it is not everything you can always get free and sometimes, you may need to at least have to pay something little for it to be able to get the best. Sometimes though, there are still some books you may need to buy to actually be able to do better as a trader most especially and they usually do not come free. Becoming a professional at something will most definitely take knowledge and to have it all in one place for learning purpose does not usually come free. Yeah you're right, I'll correct it that maybe you also need to spend some money to buy books, for deeper information you might not find it on the internet, but you can find that information in the book made by experts, it takes sacrifice to get the knowledge wider right |
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how you guys keep your crypto when do trading?
leave it in exchange wallet? Isn't it too risky?
Store in a hot or cold personal wallet? isn't it too annoying to transmit every time?
"When doing trading" you mentioned right? Then it was on a exchanger/trading platform itself because obviously you will miss an action once there is a trend if you don't have any funds there. You can also consider to withdraw some as part of precaution. If you always trades, using exchanges service is not totally wrong. You just have to understand the risks. Like you said, it's annoying to transferred funds anytime. Risky as it is but you have no other choice. So to minimize the risks, use the service of a reputables ones. If your purpose is to hold it for quiet some time, then's it's more wiser if you considered to stored your coins on a wallet that you control your private key. I think the solution is to allocate the right funds in the exchange, not allocate all your money in the exchange because it will be very risky, allocate the right funds and keep them in the exchange for the trading function, so you don't transfer at any time |
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there are many crypto exchanges and i tried dozens of exchanges but found binance and kucoin are best among them, binance have nice user interface and you can withdraw 2btc daily without verification
looks pretty good, because some exchanges now provide data verification requirements to withdraw large amounts right, for example poloniex, bittrex, etc. I haven't tried binance, now I'm still in cryptopia because there are many profitable small altcoins there |
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I think the best way to get women on using bitcoin and cryptocurrencies, in general, is by teaching women how to use cryptocurrency. Women are very fragile when it comes to money and how to handle it. We should start by teaching them what is bitcoin and the bitcoin advantages, how bitcoin is decentralized, instant and cheaper global transactions, and the bitcoin network security. When then women fully understood bitcoin and how it works, hopefully, they'll hop on  I will tell you this, that they will not want to be taught how to use bitcoin, if theyselves are not interested in knowing more about bitcoin? that's what happened now. I think the first thing that must happen is to make them interested first |
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Since people of nowadays don't want to read more the always say what they do not know. When the see you sitting in front of your PC just for some few minutes to hours they think you are engaging yourself in fraud activities related to BTC which is false.
Thats right, it's because people are lazy to spend at least a few minutes reading what bitcoin and crypto are, but they prefer to speculate on their own what bitcoin is, based on what they hear from the government, thats why they say like that |
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Mass acceptance is what cryptocurrency needs and governments and banks accepting crypto is going to help in this regard. Its value will rise which will bring nothing but good.
of course not a problem, even it will help the development of bitcoin become faster, yeah you're right, we need mass adoption so we can more easily use bitcoin for anything like shopping and acceptance from the government and banks will be very helpful for it |
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don't be too easy to conclude that bull run is not that easy because the conditions of bitcoin and some other cryptocurrency prices have movements that will always go up and down, you have to remember a few years ago the price of bitcoin could reach a very expensive price and this year the price of bitcoin fall so there will be a time when the price of bitcoin will again become very expensive again, stay calm and take advantage of the best bitcoin price movements with the right analysis.
keep calm and do not be too conclude that this year there will be no change in any recovery, last year the price could go up suddenly, so you don't have to speculate negatively about this year, just be careful and stay ready, you're right expensive prices will be repeated again, there is a price down, there must be a price rise |
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I prefer long-term investment with bitcoin and ethereum because the two coins are the highest price. I will wait and hold it in the long run because in order to get a big profit. and if I get pushed, then I will sell a portion of my investment.
It's true if we talk about bitcoin and ethereum, of course it's great for long-term investment, and for now the two coins are priced down, of course this is the right time to buy them, and most importantly we remain patient to wait for the price to recover again I have no doubt about a long-term investment in bitcoin or Ethereum, the important thing is that if you intend for a long-term investment then you must be disciplined and still be patient, because to see long-term profits it takes more than 1 year dude, because in a year prices don't necessarily rise right? |
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