I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.
Thanks guys!
I think that's a classic case of panic, plain and simple. Panic and desperation overpowered your capacity and strategy to counter a red day in cryptocurrency. Some have better reasons than others, whatever reasons one must have, we should all respect that. A good lesson should be there somewhere, In this venture, most of us aim to profit and look only forward to a green day. But it's not the case most of the time, I believe crashes and dips are more common than price climbs and spikes. Strategy requires patience, anticipation and preparation. A red day can indeed turn into something of a good opportunity, you just have to look and understand it on a better point or view and work your strategy one red day at a time. Fear is the only reason behind all the wrong decisions and loss a man ever faces in his life. He is always trying to protect himself from things that can hurt him according to his believes. This usually happens due to lack of knowledge. Crypto investors especially Bitcoiner who perform panic selling out actually do not understand the properties and wonders of this creation very well. It is heartbreaking to see people regretting afterwards. Yeah many people will start selling their bitcoins when there is a price fall due to the panic of losing all their money but they won't lose anything until they sell their holdings.If everyone holds their coins then there is no more price fall with the bitcoin but it won't happen people are afraid when they see the price of their coins.So people have to stop checking the price of crypto currency too often which is the main reason for panic selling. |
|
|
|
I've been using Myetherwalle for more than a year and absolutely accept this wallet. The alternatives for getting tokens, so far I have not found ETH. On the mobile device I use the purse Jaxx, the main advantage of which is multicurrency. It supports about 30 coins, which is also very convenient.
For mobile there are lots of wallets available,I used once a wallet named as freewallet.org it supports more that 100 tokens but not all,So MEW is the best for storing ERC20 tokens and the hardware wallet Ledger Nano S also supports all the tokens but it costs us a little bit. |
|
|
|
|
I disagree,bitcoin is best for both short and long term investment because of its price volatility.For example if you buy bitcoin today the price is about $8000 but in a day or so the price may hit $8500 or $12000 too so it is possible to make money in short term too.But in the long term investment you can get the real profits long term means more than years.
|
|
|
|
Can anyone list Some exchanges that Allow withdrawal of BTC worth $5 ,
Please list those exchanges
I didn't withdraw any small amount like $5 yet,but you can able to do this on many exchange and all you need to do pay the current withdrawal fee which maybe more than $5.And I exchanged my $10 worth of bitcoin to my paypal in localbitcoins.com so it maybe suit for small trades. |
|
|
|
When ICO's pull in their ten's of millions, where do they go to cash out?
If a team looking to cashout immediately after the ICO then it might be the scam because they were just started this project for the sake of earning money.But they also have to cashout as everyone do they need to exchange their crypto into fiat,but they need to pay the necessary tax if the amount was huge so most of them don't want to cashout they will keep as it is and uses it for future development of that project. |
|
|
|
Holding or Trading as the case may be is neither good nor bad. It is all depend on case per case basis. Sometimes it is not advice able to hold and it may not be bad sometimes to cut losses by selling either.
But until now a long time holder makes lot of money than a long time trader,so hold is the best option when compare it with the trading because trading needs lot of effort and time but in holding we just need to buy bitcoin and keep it for some years to make money and the profits will be more than trading in my knowledge.But holding will not suit for all the coins so we need to pick right coins if we want to hold. |
|
|
|
I recommend to earn money by signature campaign and trade that money so you can know how to trade and become a expert and if you become a expert trader you just hit the jackpot my friend.
It is good way to start altcoin trading without investment but many tokens will lose its value after the ICO so we need to pick the right project to make your time to worth it.But signature campaign can't be considered as work but we can consider trading as an job. |
|
|
|
Aside from bitcoin what do you think is one of the best alternative investments in the economy today?
Investing on the lands is the best ever and risk free investment so it can be considered best alternative option to invest other than crypto currency.Investing on the stocks is another option but it may not fit for all the persons forex trading needs skill so real estate is the next best investment after the crypto investment. |
|
|
|
I am not thinking that gambling addiction is a disease because I think it is only a bad habit someone has and he need help from other people to solve his problem. and if he asks other people to help him, then I think this bad habit can be solved and he can stop his bad habit forever and he can enjoy his life without thinking about playing gambling.
I believe it is a disease, a brain disease because of the imbalance secretion of hormone in the brain. Every time aperson is playing gambling games, brain signals and a hormone is produced, this makes the brain unable to control stuff like self control. With these a person tends to play continuesly without any control and conciousness that he is already spending all his savings in gambling games. Yup,it is an disease and we have separate hospitals for curing the addiction,it is an mental disorder not an habit. BUt there are different level of addictions available if the addicted percentage is less then he may recover by himself or just help from someone but the serious gambling cannot recover by himself. |
|
|
|
|
FUD is the reason for the price fall today,but still it is not clear whether the Google banned or not the crypto currency ads but I still can see crypto related ads on Youtube which is also owned by the Google so it is just the rumor created all the price fall today.
|
|
|
|
hello, when working with the bounty, we face managers, some managers treat our work with respect, while others behave arrogantly, do not answer questions, ignore, incorrectly believe, why not create a bounty hunter trade union? because our work is not easy, what do you think?
Well,we can't do anything for the managers behaviour because the project trust that manager so if he do anything that may be good for that project in that ICO team's point of view.And this forum is not for the working and getting paid this is privately owned forum was created to discuss about bitcoin.SO we can't expect to start an workers union here.Repeating again this is not the place to get job and money! |
|
|
|
It is very sad to say that a technology like this would come to a big tragedy
Bitcoin has the potential to be great but it has become a weapon of Greed
The real use of bitcoin as a payment system is just a fantasy
But what happens in reality, it is just a pump and dump coin like the rest
The only coin that is using blockchain technology the right way is USDT or Tether
most other coins are just scams and not meant for adaptability
A currency is something that can be used for daily basis rather than just an investment
majority of people who buy bitcoin is just for investment and not used as a payment itself
Never the less
HAIL HYDRA!
You are right most of the people using bitcoin as an investment not an currency.But the percentage of people using the bitcoin is growing day by day if that once reached 100% then there is no more price rise so at that time only we can have stable price for bitcoin.And the people need to encourage bitcoin as a form of payment of they want the bitcoin to last long or it may fade away in some years. |
|
|
|
I think nobody can control or own the bitcoin system like they can not control and possess the technology by email and the internet. I think Bitcoin is no different than a mobile application or program that offers a personal Bitcoin wallet and allows users to send and receive Bitcoin.
Bitcoin is an decentralized currency which means no one is controlling the bitcoin,that is the main reason for the invention of bitcoin to offer the service for the people who can be able to send and receive currency any where without banks help.Bitcoin was designed by working with the blockchain technology but it is not a mobile application. |
|
|
|
I'm a new investor who is talked about Newbie, and I'm know Bitcoin by Ebooks and Internet.  I found that the history of Bitcoin is relatively short, to talk about benefits, it is digital currency, not through convenient medium and relatively fast. But there are many limitations, it is anonymous and easy to be Hackers possession, difficult to universal throughout the world as well as all types of business. I want to borrow money from my parents to buy more Bitcoin, because I believe the value is increasing but they still doubt it is multi level ponzi, should I invest a lot here or not? I need more advice. Thank all of you a lots. Bitcoin is just an golden opportunity for the 21st century people because it gives the way for us to make huge money in short time. You need to understand what is bitcoin if you want to invest on it,bitcoin can never been hacked only the bitcoin wallets can be hacked so you need to buy hardware wallet for ultimate protection. Why do you think it is a ponzi?it is just an virtual currency and it is very expensive due to high demand.So the term ponzi never suitable for bitcoin. |
|
|
|
I loved Dec. but now the bear cycle came down on us so fast like an elevator. So what does that mean for the near future are we taking the slower stairs back up for BTC?
I'm glad we had double-digit growth couple days ago, but now it's like so slow and not just busting through $9-$10k.. what the heck BTC.
What are your thoughts, elevator down and stairs up or not?
It is greedy of we want the price of bitcoin to be an elevator and never expect the fast money always by investing on bitcoin.I think the slow and steady increase is the best and it will attract more users if the price increasing too fast then it will create panic situation of bubble among investors.So let's take the stairs and have stable profits.  |
|
|
|
the more days the bitcoin price slumps down, how do you think, whether the price will stabilize or it will keep falling down ,, seems like I'm getting scared  Don't get panic or calm just buy more coins when the price crashing if you want to make more money.Bitcoin never can have stable value but in longer term it has the ability to produce high return so don't get confused with the temporary dumps. |
|
|
|
Hello I am looking for bounty campaign which allows to participate newbies for their signature campaign.
Mostly signature campaigns won't accept newbies because there in not enough space in the signature link so you need to rank upto Jr member if you want to participate in bounties.The new merit system is hard for to rank up but there is no merit required for Jr.member so you just need 30 activity to rank upto junior member. You just explore the bounties sections some may accept newbies as well but the stakes maybe too low for newbie.But you can participate in other bounties like facebook and twitter campaigns. |
|
|
|
|
Arbitrage trading is not only for new it is for everyone but newbies need to find the exchanges first then do trades.The best way of arbitrage trading of bitcoin is buy at the coinbase and sell at the localbitcoins.com because there price of localbitcoin site is little more than the actual market rate but the prices will change periodically so need to act fast if you want money and need to have good investment that can cover the transaction and deposit fee.
|
|
|
|
|
I will say invest that one ethereum into ICO then get high returns in a very short time,if you hold that ethereum it may take years to give the same profits,but investing on ICO is risky so if you want high return take that risk and make huge money in short time.
|
|
|
|
|
I think now a days lot of girls are involving in the crypto currency more than before,we can see that in our forum too.But they maybe hide their anonymity and can work as a man in this field because many girls will feel unsecured to expose about their personal details.But there is nothing to do with that everyone will start using the crypto currencies in the future.
|
|
|
|
|
Show Posts
