I know the question sounds stupid.
But my questions is, if i have 50k should i rather invest in bitcoin, ethereum or a other high market cap coin compared to a small market cap coin were i could almost own 0.1% if the coin supply is 1 billion and trades at 5 cent.
It should be much easier for the coin with a lower market cap to make much more gains than with Btc, right?
I'm sure that in any case, you need to split your deposit into several parts, depending on your goal. This needs to be done in order to diversify. If you intend only hold, then consider a few promising coins, including bitcoin and ether. If you are planning to do daily trading, then you can consider different coins. Don't forget to take into account the fact that coins must be liquid. So, if you buy a low-liquidity coin for $5 k, you will not be able to sell it later at the price you want. That is, somebody need to be willing to buy this coin for the amount for which you sell it, otherwise your sale will simply bring down the rate of this coin. And when trading coins with low liquidity, this scenario is most likely. |
|
|
|
even though we see a lot of videos read books and know that if we do this, we will be profitable but at last we do same mistakes and lose what could be the reason 1) practice and experience 2) with fear of losing or missing profits we just f*** our trades 3) patients 4) or what other reasons could be?  ?? please comment I think it might look like this: 1. To study the technical analysis, candlestick analysis & graphical indicators. 2. Constant practice. 3. Teaching yourself to self-control. This includes cultivating certain qualities in oneself, such as calm, endurance, patience, composure, etc. 4. Train yourself to make a plan before you buy any coin. 5. After making a mistake, analyze the whole situation and write down everything. Only admitting your own mistakes and drawing from this correct conclusion will lead you to success. 6. Never be greedy! Work according to plan! If you have been unsuccessful so far, then this is the result of your work. You need to change the approach. |
|
|
|
Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
There are no certain coins on which you can earn all the time. Coins should simply have enough liquidity and volatility. Then you just analyze whether it is worth trading this coin at the moment or not. Don't forget that in order to be successful in trading you need to have certain knowledge. Don't neglect it! |
|
|
|
honestly, it is getting serious that most people spend over 18 to 19 hours these days on systems and mobile phones watching the market, trading on the move with their mobile. the addiction is getting out of hand. i think i am probably getting into this kind of life.
what could be the possible means of prevention. i need to have my normal life back.
If you learn to make a plan before you buy a coin and follow it, your quality of life will improve significantly. You also need to learn to take control of your emotions and cultivate peace and patience. If you are a daily trader, then you need to start trading on longer timeframes. This will allow you not to worry so much about what is happening every minute. Observance of these recommendations helps me to live a full life and not to spend most of it in tension and worries. I trade on 4h, 12h, 1D and H time frames. |
|
|
|
Hi guys, where do you think should i put my remaining $1300USD? Any suggestion please? and why?
It all depends on your goals. Maybe you want to invest money for a long term or want to day trading. Your goal will have different effects on where to invest. I would distribute such a deposit into several parts. 40% in Bitcoin, 20% in eth, 20% in usdt and 20% in several altcoins (perhaps it would be a xrp, tron, stellar). But I repeat that the choice of all these coins is 100% dependent only on your goal. |
|
|
|
Hey. I'm Mark. Shortly about myself: quit my major job to earn my way by trading and it exceeded my expectations. What I got from it that everything is possible, guys. Here will be the deals I make, some of the stuff to continue the learning curve and anything I found interesting to share with you. Disclaimer: None of this is financial advice, do your own research, share and earn. [ 12 years in trading, 4 years in crypto trading ] Here's one of them:  Each deal is a piece of art
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTradesOf course, everything is possible. If you were able to earn 12 bitcoins in a month, then your deposit was initially originally large. It's great that you want to share your trading strategy (although I don't know your true motives). But you should specify all your original data. Without this information, your whole idea looks like the desire to attract followers. |
|
|
|
Hi Everyone! We wrote up a review for Binance to try to answer the question "Is Binance the best exchange for crypto trading?" We would love to get your feedback and hear which exchange you would like us to review next! https://blog.shrimpy.io/blog/binance-reviewThanks, Shrimpy Team In general, Binance is a good exchange. There are many trade pairs here, which is an important part for trading. But I think that Binance is too manipulative exchange that has aggressively-minded bots. Therefore, I can not say that Binance is the best exchange. |
|
|
|
can we possibly have an Exchange with little or No fees for trading and transfers of token. is it possible of having such platform especially for we that depends on Airdrops to earn crypto. seriously No time for bounties or trading. but it seems that we have been left out because the little we have can not be transfered to exchanges.
Quite a pity.
No one will make special exchanges or conditions for people with pennies from airdrop. We are all equal, therefore the conditions for almost everyone will be equal. If you are interested in crypto currency, then learn the information necessary for trading and become a full-fledged part of all this. |
|
|
|
I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
In general, if not to consider general acquaintance in the topic of crypto currencies, then at the very beginning I just bought Bitcoin. After that I began to seriously study how to trade correctly. This decision was dictated by the fact that I believed in Bitcoin, and I just invested in it, so I didn’t have an urgent need to start trading. As it turned out later, at that moment I did the right thing, but it was just luck. Of course, before you start trading, you need to learn what a technical analysis is and how to use it. Also understand how to use charts and charts indicators. Only after that you will be able to understand at what point it is better to buy and sell coins, and before that you simply act on luck (or failure, as in your case). |
|
|
|
When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning
Successful trading is not the merit of luck. Successful trading is the result of learning, skills and self-development. The one who in the trade relies on luck, he has already lost. Therefore, never be lazy, learn, practice and self-develop, this is your contribution to your future. |
|
|
|
I think my luck is very bad. I can not earn good profits on cryptocurrency trading any day. An example of this is Doge coin. I invested in Doge coin probably 2 months ago. Which I bought 39 satoshi and bought a total of 126000 doge coins. It was almost 2-3 weeks, I did not check the price. But when I check price on coinmarketcap a few days ago, see Doge coin 100 satoshi cross. After that I was very happy. But when I login into exchange, for selling Doge coin, I was shocked, seeing that my coins were sold in 49 satoshi. I did not remember when I had a sell order. After seeing that I was upset. That was not the first time, before several times, I could not sell many coins at a good price 😞
But finally, an education has realized that if you buy a coin for long or short time, then you should check price minimum one time every day.
Of course, if you bought a coin, then you need to keep an eye on it. Even if you bought a coin for a long trade, you need to check the chart and news on this coin every few days, as well as check Bitcoin price and chart in addition. In addition to all this, it is necessary to make a plan before you buy a coin. Compliance with a few simple rules will save you from situations in which you are now. |
|
|
|
I know the question sounds stupid.
But my questions is, if i have 50k should i rather invest in bitcoin, ethereum or a other high market cap coin compared to a small market cap coin were i could almost own 0.1% if the coin supply is 1 billion and trades at 5 cent.
It should be much easier for the coin with a lower market cap to make much more gains than with Btc, right?
This question doesn't have a clear answer. On the cryptocurrency market, some things defy this logic. The first thing you should pay attention to is diversification. This is a very important aspect, without which it is difficult to be a successful trader. You must divide your deposit into several parts. Personally, I prefer to divide it like this: 40% in Bitcoin, 20% in the ether, 20% in altcoins and 20% in usdt. At the moment for me this is the ideal proportion. But depending on the overall market situation, I can change my view on distribution. |
|
|
|
|
Great tips. Perhaps, if I had known this all before, I would have managed to avoid some mistakes. Although it is possible that the fact that I paid for these mistakes with my money made these lessons so good. In any case, admitting your mistakes is the first step on the path. A plan and its observance help me perfectly. The only thing I would like to point out is that there are situations where you should not complete your plan. If I see that the overall situation in the market is changing dramatically, then this is a reason to be safe and leave the position.
Also, don't forget that your deposit should be divided into 3 parts: one for bitcoin, the second for altcoins, and the third should remain in usdt (or equivalent). The part in usdt is very important, it is your insurance and lifebuoy in unforeseen situations.
|
|
|
|
Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%
I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$
When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
In this situation only work on oneself can help. No one can make a person not be greedy. This quality needs to be brought up in yourself. For this you need to work on a number of other qualities, such as, organization, composure, calm and patience. All these qualities should help make a plan of the deal and then follow it. |
|
|
|
If we talk about the exchanges, we can not help them in safety. They themselves develop their own defense system, which, as we see, may not work. Nevertheless, we can protect ourselves. Never keep all your savings on the wallets of exchanges. Try to withdraw as quickly as possible the coins that you don't intend to trade now. Also, keep your data safe. Don't download third-party applications from unverified developers on your laptop and be always attentive when visiting different sites. |
|
|
|
why it's important to read white paper
I know to know about the project if it's a scam.
what is the importance of white paper I can ask for your opinion.
thanks.
Of course, in the process of analyzing a project, it is necessary to examine all the existing information about it, including white paper. But unfortunately the presence of good white paper doesn't guarantee that the project is not scam. Experienced scammers even manage to download the code (although in particular they simply steal the code from another project). So always double check new projects and don't forget to follow them constantly. |
|
|
|
KYC can be complicated and at times unnecessary especially for small airdrops.
What do you think?
Of course yes. In most cases, you just give your personal data along with copies of all your documents to strangers. Therefore, before doing this, think several times about whether you need it at all or not. Before you pass the KYC, you must make sure that the project is reliable. But even in this case if that project is relatively reliable, your data is still under threat. |
|
|
|
|
Yes, you always need to act wisely. There is nothing wrong with the fact that a trader decides to hold a promising coin for 1, 3 or 5 years. But when a trader's portfolio consists of 20, 30, 60 shitcoins, which now cost a penny, then this is sad. And of course this should not be allowed.
- always a reasonable approach to the purchase of coins;
- don't buy a lot of coins for which you just don't have time to keep track;
- if you bought a coin, then determine the exact point of sale. If the coin doesn't reach this point and you will see that the overall market situation is deteriorating, don't be afraid to quickly sell the coin;
- if you are going to hold a coin, then make sure that this is a really great project and watch it constantly, so as not to miss important news that may affect its further development.
|
|
|
|
BE PREPARED FOR THE WORST: In this bear market,I have learnt that the worst could happen,so we should always prepare for the worst.Many have lost up to 80% of their portfolio to this bear market because they are not expecting the worst to happen,unfortunately,they are caught up in it.If they had prepare for the worst,they could have done something about their portfolio at the beginning of the bear market.
DECISION BASED ON PAST EXPERIENCE MAY NEVER BE THE RIGHT ONE:It may be risky to base your decision on assumption.At the beginning of this bear market,there was a lot of assumption,many so sure that before we close our eyes and open,bull run will be here.Nobody ever expect the bear market to be this long,so, many decision made base on this assumptions as lead to frustration today.
In crypto,today you are up and tomorrow you are down.
To those caught up in it,you can only hope for the best,don’t give up.
I read your post and I can say that you are only partially correct. I think everything is not as simple as you describe. It is impossible to take only one side: the side on which one must be guided only by the previous experience or the side on which it is not necessary to take into account the previous experience. Here, as in any sphere, the most important thing is always to think. In order to be a successful trader, you just need experience. Only experience gives you the most valuable lessons. But all of its past conclusions should always be subject to sound doubt, adjusted for the situation that is developing right now. |
|
|
|
A lot of speculation has been made regarding that altcoins are dead we have seen fewer initial coin offering this year and part of those few has been a failed venture.
But never the less that is certainly not the end of altcoins
Running a lost as an altcoin investor can be easy because there are various altcoin out there And so many are poorly managed.
You can cut your losses to some extent by.
*investing in several top altcoin(spread your investment)
*seeking expert opinion
*disregard shilling or FUD
And if you must move a way from established altcoins
*study the volume
*check on the project owners reputation
*compare and contrast the white paper, potential investors and future possibilities of the coin.
And one major key for every cryptocurrency investor is patience and hold I repeat you your altcoin
Throughout last year, I tirelessly continued to repeat that the altcoins are not dead and the cryptocurrency market will recover. But many people were so depressed that they could not believe it. My friends every day said that this is the end and they will never return the money invested. But one didn't want to listen to me and the voice of reason. Unfortunately, most people worry only about what is happening at that moment. The future for them is hidden behind the wall. Well, as time passed and the market began to come to life, prices are rising and we all saw that there is hope. I would like traders to draw the right conclusions from this situation. |
|
|
|
|
Show Posts
