Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?
I do not agree that being educated is a major factor in determining a Trader's success. For me that a trader who has a good level of experience is one that will be successful. Because the more experienced then someone will be more intelligent reading data, analysis, circumstances, situations and also they can make the decision as possible. this is a challenge for a trader, adding hours to fly for a trader is a must. They are being persuaded to become an experience and a skill will help them to become a successful trader. This is a choice and never give up when we fail at the beginning, because failure is a process to success. Yeah I also agree that educated is not the main factor to be successful in trading, many of my friends who did not finish college but they succeeded in becoming successful from trading, they do is keep learning and always try, experience will make him become more expert and skilled |
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mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
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cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
bitcoin is a currency which is used by any country and convert it to their country money which we used as a medium of exchange. I think we should be able to distinguish between currency and money, I think money is like gold that does not have price inflation, and the currency is like we use today, that is fiat? I think bitcoin itself is a currency because it is made by humans and has price fluctuations? but what's special is bitcoin can also be used as an investment just like gold? |
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It can be frustrating to experience what happened to you based the tokens you mentioned. Unfortunately I also invested in ATFS and when the coins was listed it became a disaster. The current market price is not even up to the ICO price. Loss all the way.
Indeed some Ico only do token sales and then leave, so be careful when you want to invest in ico, you have to really understand, which ICO really want to run their project, there are many things that can be seen such as team, roadmap, and etc, if they have a detailed roadmap it is very possible they will run their project, and do not buy ico that does not have a clear roadmap, in fact there are many successful ico like ETH, it depends on your cleverness in choosing ico mate |
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Definitely we could see a lot of surprise happen. Bitcoin price is heading for $10k and most probably it will make a break again and hoping for another surge reaching for $20k again this year. We just need to support and never tried to dump our coins again. The prices today shows that crypto market is now recovering from the dip and continuously moving up until year end.
That right, we've passed the lowest price this year and climbed slowly to $10k and hopefully it will be achieved in the next few days. now the price change is much better than some time ago which is more likely to decline, but nowadays I see more green color in the market, I think this is the time to recover, same as last year where when starting mid year, the price started to improve and start creeping up, hopefully the price repeat like last year |
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people have choice what kind of investment they want depends of the people many cryptocurrency enthusiast choosing both buying new cheapr coins in very low price and waiting to become increase in long term holding.
aside from long term hold specially those the people complete knowledge how make money in the day trading working 8 hours a day of higher hours to monitor the price value of the coin which the best had possible to increase within a day.
Yeah everyone has different choices and it depends on some aspect, for me why people choose more on long term investment? first because it is safer and less risky, then you don't need special skills like daytrading required, you just need to be patient and wait longer, otherwise the profit earned will also be quite big as you wait for higher prices |
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I have been in the market for awhile, and always hear the same mantra about trading to hold more Bitcoin and not Fiat. I bought into the same mentality for a long time, but I'm changing my tune. In almost every industry, first generation leaders are replaced by competition. From Sears, Kmart, Nokia, Motorola, Yahoo, MySpace, etc. Although Bitcoin is the current crypto reserve currency, I think that its dominance is threatened by ALT coins with faster, cheaper transactions and greater scalability. What do you think? Is it smart to hold Bitcoin as a long-term investment, or are there better choices among the ALT coins like Ethereum or Litecoin?
We can see that bitcoin prices are recovering extremely strongly, currently at $ 9500 level and still on a strong rebound and could hit $ 12,000 in trading day. Therefore, I believe this is the time to integrate so that we can invest in bitcoin. Currently the popularity of bitcoin is spreading all over the world so investing in bitcoin will be extremely usable. Yeah bitcoin is still in the recover phase, is very unfortunate if you sell at this time just because you've got profit, why don't you wait longer to get bigger profit? that's what I'm thinking right now, and that's the reason why I still hold my bitcoin, bitcoin still recover so price will be higher in the next few days, so I'll be waiting for it longer  |
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yes of course. because big companies started to make serious researches about blockchain technology and crypto market. new investors joining to the ecosystem everyday so it is quite Normal that demand is increasing
In fact that is the need of day, all the big companies have to start accepting bitcoin, because now the new generation are giving more importance to online shopping and business therefore we are expecting all the big companies will start accepting bitcoin and will give facilities to people to use bitcoin for purchasing their products. Yeah you know that nowadays many people are starting to prefer shopping online rather than going outdoors, the reasons is because more practical, bitcoin to be the right currency as a legitimate and easy payment tool, I agree with you to suggest online shopping sites accept payments with bitcoin, and it seems some sites have already started adopting it, it just takes more time mate |
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How are you handling your portfolio? How much are risking in % of your portfolio in short term gain vs. Long term gain?
Short term trading like day trading is good and profitable if you are always lucky but if not day trading is risky that why i do refer to do long term trading so i can carefully watch my profolio goes up and down and i billieve ling term is low risk than day trading. Yeah short-term investment is the same as daytrading, the risk is big enough if you don't have extensive skills and knowledge, day trading takes a lot of things one of those two things, that's why it will be quite risky because you have to do the analysis of price that are very fluctuations in the market? agree I also prefer long-term, easier, low risk, and no special skills |
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Some many are afraid of cashless financial system. Even currently in my country so many people do not have ATM card, some do not even have bank account. So if you tell such people about digital currency it will sound so abstract and risky. It will take decades for most people to embrace cryptocurrency.
Cashless will not be forced to happen or implemented, we don't have to worry about it, of course the government will understand, they know the condition of human resources from their community, I think the government will focus more on handling poverty and educating people than confused about cashless society, do not worry about it mate |
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It's really sad that many investors or newbies in crypto world falls instantly to this kind of nonsense fake news. It is really frustrating to see that they got panic immediately and sell their holdings at low price. I hope someday they will learn, feel regret and realize that the ones who spread the false rumors are the winners and become rich. I hope the spreading of bad news in cryptos will end.
maybe only a few users are affected by the hoax news, mostly newbie but I think other users are smart enough to handle the false news, but what's hard to deal with is when the false news keeps the price down and the unaffected user becomes panic, that's what happened some time ago |
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I have never seen two transactions with the same volume and cost differently in the same service. But I don't know why transaction fee on exchange is very expensive (0.001 on coinexchange)
Even in some other exchanges like c-cex giving a fee about 0.002 Btc or $20 for each transaction is a very expensive fee, you know everyday the user keeps growing and it makes the network become more crowded, so it will take more time to get confirmation if only using low fees, that's why transaction fees are getting expensive |
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That right, trading is unpredictable so we should focus on that, make analysis in the market 10 hours aday and learn more about new trading strategy. Trading to get consistent profit is hard if we can not control emotion. So become expert trader need long times proccess because we should learn many things to reduce the risk. Only person who always patient can make consisten profit.
Yeah to become an expert trader is not gained in a short time, requires extensive experience and a lot of knowledge and it takes a very long time, yeah patience is the pole of success in trading, to wait for the right time to sell of course the patience is very important to have, keep using strategy and analysis, keep focus and control your emotion |
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To secure your bitcoins i think you should do or buy a ledger that store your bitcoins. And use a wallet that you can hold your private key and no one knows. Dont store your bitcoins in a new exchanger i think you should go to old exchanger and top exchanger
There are many threats when you save your money in online, such as hacking, phishing, scamming, and so forth. we must remain cautious because the crime may be near us, for that I always secure my wallet and provide additional security like google authentication or sms verify and yeah I don't use new sites that have not been trusted, do not download anything suspicious, etc. the most important remains cautious mate |
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Yes true, by putting all the money in the banks then it will not make any changes, banks are only suitable to meet the daily needs, if our goal is to get profit then the best solution is investment and business.
people think they can benefit from saving money in the bank, but the interest offered by the bank is very small? it will not be worth for your money and the length of time you wait, bank is not a place to get rich mate? if you want to get rich looking for profitable commodities like bitcoin, gold or real estate |
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Banks has a important role in our society, and i think its hard to determine if it will eliminate someday because of digital money. And besides, we also use banks to withdraw here right?
I think these days are not yet an era of bitcoin, we still see a lot of people have not adopted bitcoin yet, but even though that era happens someday, it will not change people's view about the bank? and people will still use fiat as the main currency, and from that bank is still needed in that era |
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I'd say we should expect this to happen at the end of this year. At thid moment, the price increase has just started and given thay there are still 7 months remaining,we should expect many posible things to happen including those that Bitcoin will be facing. Surely, given that Biycoin is naturally volatile, dumps will again be encountered that will make the increase slow so be ready to hold and be patient. Also,you might also consider investing at those points.
Yeah I think all possibilities could happen, you see a lot of people who predict $10k price is impossible to happen in the past year, but what happens is the price exceeds $10k even reach $19k? I think nobody thought it could happen? so also this year, $20k is not a difficult price to happen, we almost reached it last year? if the price change is the same as last year, then all possibilities could happen |
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I think the wallet is still in trust is still held by Blockchain. where we know that blockchain has a very tight key so no doubt for the matter of security. although people more often store in exchange places.
Yeah even though wallet like blockchain have good security, but you know that most users are traders, so don't be surprised if most users prefer to keep their bitcoins in exchange, besides that exchange sites also provide good security such as providing 2fa and other facilities, so make many users more comfortable storing their assets in exchange, because it is more simple as well |
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I'm almost sure that the market correction will begin soon. We saw very good growth which lasted more than two weeks. I think it is quite logical to see the market correction soon. But I'm glad that I can buy coins at a low price before the next wave of growth.
Yeah in recent days we see price changes that tend to be positive/ rise, we know that this uptrend will not happen any time there are times when price changes will reverse and correction occurs but I don't think the correction that happened make the price go down very deep? I see a new bottom line at a price of $9k, even higher than that, we will not see the price below that price again #imo |
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I believe that on exchanges you only need to store the tokens that you need to trade on this exchange! All the rest must be stored on purses - only so you can secure your capital! Very often, exchanges are ruined and people lose all their money ...
Yeah I just keep the funds in exchange only in accordance with the needs only, eg for altcoin trading. I don't really like to keep a lot of assets in exchange because its very risky you know, because whenever a third party could be a scam right? so I prefer to keep all the assets in the wallet, without any control from a third party |
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If you don't gamble because you are shy then you probably have some psychological problems in your life that are not necessarily related to gambling.
Most of the casinos giving you the feeling that you are at home, everybody accepts you and care about you, which in fact all they care about is take your money.
if Shyness blocks you from gambling then go ahead, whatever blocks you from gambling is acceptable.
It is not a psychological problem, being shy on playing gambling is just because we don't wanted to make a bad image on our friends or even to our love ones, and also add that we just don't want to disappoint ourselves on whatever the result is. And don't you think that it is a advantage for a certain individual if he is shy on playing gambling, that way, he could prevent himself to lose his money on betting. we live in different cultures and rules, some areas may legalize and allow gambling so gambling image is not bad, while in other areas gambling is identified as something illegal, so players feel embarrassed if seen playing gambling? I think it's natural because of the influence of the environment |
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