I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.
Yeah long term trader is a profitable but need to wait a lot of time to make profits unlike day trade is the best way to get an daily profits. Then I advise with mate you need to study well and research a guide how to become day trader, time focus is very important in day trade if you lack of time just stay at long term trade do not enter into day trade your in the risk. Day trading will require a lot of time before you can even start day trading because it is so risky because of the volatility in the market. It is good to be a position trader rather than a day trader because you don't have to be an expert in technical analysis to make profit through position trading because you just need to learn the basics of technical analysis. Day trading is not risky, it is just a bit trickier than other forms of trading. Moreover, it is not possible to day trade without volatile coins. Trading means making money by buying and selling. Everyone tries to get an asset at low price and sell it high. If the price of an asset will remain constant, trading becomes impossible. Bitcoin is the most fluctuating one, so it is chosen by day traders. I.wouldn't agree that day trading isn't risky. Yes, that depends on daily volatility and that exactly makes is more risky and requires additional skills. You need to know how to juggle with all this price changes on a daily basis and when and which move to make. To my opinion for not so skilled and experienced traders long term trading is better option. |
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Current price rise isn't enough to conclude that we have conutinuous and stable bull trend. To my opinion is more temporary price pump trend that will not last too long. Price has not continued to grow and we might experience some more corrections. I don't think we will see true bull run this year.
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From my point of view this is just another conspiracy theory (and it seems that Bitcoin users love them very much).
US government is aware of new emerging technologies and that cryptocurrencies are one of them and that they are inevitable in any modern society. Also, it's very well aware what new technologies, including crypto, mean in competition with other countries, especialy Russia and China
Trump is a businesses man who doesn't know much about Bitcoin and cryptocurrencies but he certainly didn't try to do something like that, he knows what would that mean for the position of US.
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Some may say that the decision of the government of Ukraine is good; However, we all know that their economic status is not doing good. They also suffer from corruption which affects even their justice system and civil society.
This may have an effect to increase their status, or maybe make it worse.
I'm not sure that this could help the state at all. Such news is always good accepted in crypto community but Ukraine itself and government will not profit from that even if they succeed. And I'm not sure if crypto business in Ukraine could use this opportunity for fast recovery. |
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I don't know where such conclusions come from.
The price goes down a bit and everybody talking about 3500$, then the price goes up a bit a suddenly we have predictions of 22000$ or more.
None of this is realistic and it's hard to tell where the Bitcoin price next moment will be.
Just the very next day price might go under 8000$ again and to achieve 22000$ or more at this moment sound a bit exaggerated.
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This is normal because every year all reliable dictionaries and encyclopedias are always updating in which they will include all new words and discoveries to make their enterprise to become more salable in which this includes the Bitcoin and its related names because it is becoming more known and famous around the globe. Soon all the people in the world will know what is Bitcoin is.
Maybe they will know what Bitcoin is in lingvistic but still many people don't know what is the purpose of Bitcoin and how it's functioning. I agree that update of dictionaries are usual and they have to include new words to be actual and updated. This is not made especialy because of Satoshi or Bitcoin. |
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Inflation could make fiat currencies worthless. But that is something that happenes rather rare, usually in under developed countries with unstable governments.
But this is not something that happenes in stable and good regulated economies and in countries that have problem with high inflation cryptocurrencies couldn't be the solution and can't save the economy.
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Well, you will understand the risk best once you try loss on your own skin.  However, to avoid that you need knowledge about Bitcoin and the market so try to get aa much information as you can from trusted sources. Also, don't forget that Bitcoin is volatile and majority of risk lies exactly in that feature. Also, inform yourself about risk management in general, it will also help you with Bitcoin. |
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I’ll tell you that in the long run you will lose most of your money anyway. And it does not matter whether it is trading or a casino. Both of these sectors do not guarantee a stable income and failure is achieved by absolutely everyone who has not stopped on time.
While it is undeniable that most of those that try to become traders fail on their quest it is not true that everyone fails, there is a small minority of traders which can make profits from the markets, without a doubt they are the ones that are the most skilled and the ones that have dedicated the most time to trade the markets and to test their strategies to see if they can be profitable on the long term with them. That being said there is a huge difference between trading and gambling, in most gambling games there is nothing you can do to try to modify the results so they can benefit you, but when it comes to trading there are many things you can do to improve your chances, like learning fundamental and technical analysis. I think new people are often the ones who make a lot of mistakes because this market is a financial market and needs a lot of good experience in trading. If you are able to make a profit during this time period, you are a good trader and anyone would like to become that trader. In fact, the number of people making a profit from this market is very small because they can not control psychology and often panic sell if the market drops suddenly. In my opinion, it is best to learn from the top experts because they will have a lot of good advice for you and if lucky, they will teach you how to control profit in this market. Personally, I consider those mistakes as a motivation to keep going, I know that those mistake will be my biggest lesson that I should learn in trading, yes, it maybe not that too easy to do trading, but one day, when you keep going, you will be thankful with yourself, you will thank yourself in the future. But be careful that you may not lose all of your money in making mistakes in day trading because there are a lot of my friends who has start day trading without any knowledge due to which they lost a lot of money in the beginning but they did not get it serious so now they have left nothing to trade with, that’s why I am saying that it is good to learn from your mistakes but do not increase your mistakes much. Day trading is the most risky form of trading and only really experienced traders with lot of knowledge and "sixth sense" are successful in it. But it's also the most profitable and the last sudden ups and downs of Bitcoin price were really good opportunity for day traders. But better don't go for it if you can't be fully devoted to trading, think fast and with cool head and make risky decisions. |
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The point of Bitcoin isn't stability. Bitcoin and other cryptocurrencies are alternative to traditional fiat currencies that are usualy stable.
Cryptocurrencies are another way of economy and another way of financies that are for people who don't want to be dependent on traditional financial institutions and tools. The fact that Bitcoin is volatile, so not stable, gives the chance for profit.
But not everyone likes cryptocurrencies and they are not for everyone, that is why every one of us can choose what suits us the best.
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Seems that some people are never satisfied. No matter if the sudden dump or pump is in question they always think there must be some kind of manipulation involved.
But I would really like to know then who are what is manipulating Bitcoin and how is this done, why in certain moment? And of course I would like an explanation how does manipulation fits into independent and decentralized Bitcoin?
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Current changes in the market are definetely the lesson that Bitcoin price could be very unpredictable and lesson to those who start to panic with every price drop.
After a slight dump we have a sharp rise but it's hard to tell how this is going to end.
So all those conspiracy theories about manipulation of the price and market and ties to this or that interest gropu don't seem to make sense.
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That reminds me on faucets, when people wausted tine and efforts for profit that was not worth mentioning.
But I guess that everything depends from individual to individual, what is the occupation, how much spare time it has and if any value as little as 5 cents is worth to him.
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over the past 2 days that we saw a small 9% drop i have seen all kinds of so called "speculation" where people are seeing all kinds of doomsday scenarios. in some cases it is wonderful how their imaginations work. from simple whales manipulating to the good old China bans bitcoin has been the heated topics over the past 48 hours! what happened? price started a tiny rise then the FOMO kicked in pushing the price back up. guess who was FOMOing?  That is happening every time when price goes down, some Bitcoin users really like panic and drama, conspiracy theories and imagine the end of Bitcoin. It's probably the human nature, lack of experience and knowledge but sometimes that really goes on my nervs. I don't think that anything spectacular happened in the market, just usual correction that will face some more by the end of the year. I wouldn't be looking for some particular reasons. |
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I can't say that I strictly belong to one of these groups. I.combine everything, depending on the situation in the market. To my opinion you have to be flexible enough and able to adjust if you want to make profit. But I guess that for majority of people it's easier to stick only to one strategy they choose.
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So many things have changed from the world of before to the world of now after the invention of cryptocurrency, as we can see that since bitcoin has been created, we have seen more projects established which has successfully added to the growth and economy of the country where those projects are domiciled.
We have also had more trader making money to take care of their family which they are also paying their tax to the government, which means that there is more money for the government to actually do whatever they want to do to the development of their country, and the establishment of cryptocurrency has also created lots of jobs for people that are without job and also make business transaction smoother that it has ever been.
It's true many things have changed since Bitcoin was created however I can't agree fuly about effect. This doesn't reflect countries and economies in general but changes happened more at individual level, individuals who are involved in crypto benefit from that. Cryptocurrencies are not officialy included in economy of any country, there is no such regulation and you can't meassure the impact on economy because this is not registered, businesses accept cryptocurrencies in very limited level. So when we say that cryptocurrencies have changed something that is more impression than real effects that could be meassured. |
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Experience makes us more calm and rational. Smart in making decisions too.
I'm also involved in Bitcoin from 2013 and since then Bitcoin went through different phases, many hard and good times. That is why it's funny for me to see people panicking becuse of few hundred dollars that price went down. Bitcoin has its own cycle that will always follow, don't forget that.
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There might be some politicians who support Bitcoin but more or less that is on their own personal level, in most cases that is not the position of their governments.
Their support might look good in public and it's good for Bitcoin promotion but no one of them still hasn't done anything substantial for Bitcoin in terms of regulation, adoption or similar. So all we actualy have are their words.
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Loan Amount: 0.04 BTC
Reason for a Loan: personal
Amount to be repaid: 0.05 BTC
Repayment Date: 16th November
Type of Collateral: None
Send to Bitcoin address:
38Uc6VF7PW3X87eoNyBjN5fdoMktXMM7GR
-----BEGIN BITCOIN SIGNED MESSAGE-----
I'm bitbunnny, today is 24 October and I will borrow 0.04 BTC from zazarb with return of 0.05 BTC on 16 November
-----BEGIN BITCOIN SIGNATURE-----
Version: Bitcoin-qt (1.0)
Address: 12gXbX3uTEcxqfbTZrpRzEafZ5DKDHBWaZ
IFKOEXl3ySlQxTb31/1Xdx/uhYq3H3LTj9Mxx6D8r4gZbg/OoakmkeeZ9v7XCmn4Ryk0mPaTmXvyyCqJn8Mly8E=
-----END BITCOIN SIGNATURE-----
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What do you guys think about today's sudden dump of over $700 ? Is it a sign of further market crisis and bitcoin going back to $3,500 or $4,000 like the month of April or else it's temporary and we will see surge soon as this might have been created to reinvest into it by whales?
I think too early to decide if bitcoin price will back to $3500 because it is still 1 day after dump happen. If me, i usually wait dump for a couple days, or maybe for couple weeks to see it is bear market or not. If still 1 day like this usually i keep remain to calm. we should not in hurry when take conclusion about market.to reach $3500 we need news that even worst than last moment when bitcoin hit bottom on around $4000.meanwhile at moment we see crytpcurrency supported by many good news.in couple days again till october end we will see the direction from bitcoin price. I don't know where did people get that value of 3500$ and whx are they always coming back to it. Currently we are having some slight correction and no indicators are showing that price might fall so deep. No room for panic or drama, price will recover but we have to be aware that more corrections will follow. |
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