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It would be interesting to know how you're approaching the upcoming halving event and the soaring of crypto generally driven by this. In your opinion (or perhaps that of of others) has there been lots of buyings in anticipation that this will be a good trading opportunity?
I suppose this would be as relevant for non-traders just to see where other people stand as much as it would be for traders.
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I personally find it hard to believe that 2020 will be a good time for new projects and even less likely for ICOs since most of the investors will have to take into consideration the fact that soon there will be a global recession plunge - an event which at first was unforeseeable but seems to be closing in with every moment that passes. That's to say that not many people will be prepared for supporting projects which may end up unsuccessful.
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Haven't heard anybody say whether there's a sweet-spot for trading, as such I think it doesn't make a difference. Day trading isn't the problem but what may be is the experience and knowledge you have about trading itself. If you can read the market trends and predict it then day trading should be as successful as trading at any other time  It really all boils down to how much you know about trading or how serious you're about learning the technique |
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Just like bonds exist through the regular bank systems, there's also something similar for Bitcoin, where you can hold your money while receiving interest on it all. The good thing about crypto interest rate earning is that unlike the traditional % the interest on crypto is much more generous, likely reflecting the more risky side of crypto but nonetheless is a great way for receiving passive income.
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It almost goes to say that if the Russian government was able to come to peace with cryptocurrency, in particular Bitcoin, then isn't about time this became the norm for the rest of the lead countries. Crypto industry, especially now has such a strong standpoint in comparison to the stock market snd fiat currency that it is all thanks to the pandemic - I hope at least some more organisations learn to see how much needed crypto is and how downrated & corrupt the current system is.
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To avoid transactions fees and similar what I do is tether the coins/tokens I don't want to have on the trading market but instead have them in a stable wallet where all the coins will then be linked to USDT. At least this is how, I keep mine though if anything was to happen to tether like getting hacked or something then my tether deposits will suffer otherwise they're safe! You can read more about tether on their official page, should you wish to do so: https://tether.to/ |
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I agree with similar comments which highlight how these points are the obvious ones a trader irrespective of the level they're at should be mindful off. However, just by respecting these points doesn't mean that you'll always get profit since reading the trends accurately is all base don practice & experience.
This is especially applicable for new people looking to start trading but without any prior knowledge.
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Hello everyone, I have been wondering for quite some time now, Is there a place whether it be a Forum, IRC Channel, or anywhere that many people go Traders, Hedge funds, Normal People, etc. That people who own a lot of bitcoin go and all plan on saying we are going to sell at this price at x time or buy at xyz time. When you see those Rises and Falls in the market at a specific time. Where do people go to plan those? I would love to get in on those actions and to join in on the trading on the specific times. The more people that could be in on those actions the more the market could be controlled for that little bit of time, and the more money all the people in on it could make together.  Unfortunately, although you're asking the right question, there is no such Legitimate place. There are however small groups, on Telegram and similar social media platforms attempting this but often is characterised by people in the same boat as you. I'm afraid there isn't a easy to go to place where you can learn how/when to buy/sell. Trading in itself is a learn built experience... |
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Without a doubt in my mind the top two currencies to watch in the future are BTC and ETH. These two cryptos have always been dominating the market cap and I've seen no sign of this changing. If anything, however, the expectation is that these two will rise to a new all time high. This is an article trying to articulate what the top 10 crypto currencies of 2020 are with a nice attempt explaining why: https://capital.com/top-cryptocurrencies-to-invest-in-spring-2020 |
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Yup, you could say that now, only a few days before BTC halving buying in attractive alt might be a good move. It seems that even with the slight rise in BTC, perhaps in anticipation to the event, along with BTC's small recovery, some alt showed a similar trend. If you ask for my opinion, I'd say that now is another dip, and what do believers do in dips - thats right- they buy in  |
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For a person confident enough in their trading skills even starting with $50 would be enough since the matter about gaining profit is knowing when to buy and or sell. These are pointers that would often determine your moves as a trader, but of course, it takes a long time and a lot of experience to develop an eye for these trends as these are not always obvious, or even if they seem obvious they might not be necessarily real. So knowing your game, is all what trading is about which unfortunately comes on the back of having lost a lot while learning.
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An all time high is what most people anticipate though of given the current situation of the virus and lockdown that may not be as clear as it would have been had it not happened in parallel. In any case, BTC halving should at least encourage greater dynamic in the market, where hopefully the buying power becomes stronger, hence driving the crypto industry to increased value
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Whether is bitcoin or not any inheritance you intend to leave behind should be written and authorised - a will will do! If you could entrust the will writing person with instructions to the safe, perhaps storing the key in a hardcore wallet might be better- that only your family can access then you won't run into issues.
In the meantime you can condition members in your family and let them know that if something was to happen to you, you have a plan in place which will take care of them financially. These people would each have a piece of the puzzle and only by working together they can access the key and get the inheritance thereafter?
It's an idea...
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Most of people run away from trading because they see it with a big risk by losing their own money . Also as a beginner if you haven't before any crypto and you did not see the volatility of cryptocurrencies you can lose .
Along the same line of thought, trading is a high skill that takes time to pick up and on top of that investments don't always turn out as rewards, thus one must be prepared to lose the amount invested. AND to top it all up, there's also a lot of competition with many bots out there which for a newbie could lead to huge failures - the learning curve is huge but when applied properly can be as equally as rewarding. I think if a person is serious about learning to trade they must also be prepared for the hardship thats required. |
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That is not a problem actually, you are holding a big amount of money but you can still sell that into pieces.
Try to sell first the coins that are listed in big exchange or those coins with great trading volume, I believe every exchange have different limit but as long as your coins is trading in an exchange, you'll be able to sell them all for sure.
I agree with @mirakal here. It's a bummer that you can't place an order and get rid of all of it in that way but it doesn't mean that you can't sell it if you wanted to. Different exchanges have different trading volumes and even if you were to do it in batches you should still be able to sell all the alt. Better option would be to explore the trading volume of different exchanges and start from there |
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Investing in both assets are good due to their supply and demand across the markets that they are traded on. I think it depends on who the investor is really. If he/she is into stocks then I guess he might prefer investing into gold as a commodity but if it's a crypto investor then your guess will be right as mine, bitcoin it is.
I agree with the above, whichever is better really depends on your position in crypto vs stock market. As it stands at the moment the stock market is taking a bigger plunge than the crypto market but unlike crypto the stock market doesn't usually suffer of frequent fluctuations or at least not as much as crypto. Both are good investments. Gold is still the most popular while BTC is still growing. Though, if I were you and had a lot to invest I'd go with both, otherwise with whichever market you hold dearest |
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I definitely wouldn't delete EVERY altcoins.
I would delete around 99% of them sure, but I feel like we still need a few in particular;
- Ethereum
- Monero
- Tron
- Binance Coin
- Several stablecoins
Other than these, and perhaps a few more, I'd wipe the lot of them! They're all leeches that dilute the market cap and make mass adoption more difficult.
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that's what you get for trading when you don't know what you're doing. Common rookie mistake.
If you want to get your money back, you've got 2 real options;
You can either take a huge risk and try to climb your way back up with a x100 gamble, or you can slowly grind your way back up with safer bets.
I'd personally go for the latter option.
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The way I see Air drops are efficient ways with some initial time investment but otherwise a way of passive income. I've just entered a few and without doing nothing in a matter of months I saw tokens in my wallet. This was a positive but I hadn't even expected anything so in the end it was just a nice surprise. Given this fact, I would strongly suggest that people don't go on relying on them for regular source of income as that would be a big mistake but rather enjoy the rewards if provided with an opportunity |
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I think its difficult to day whether curing these disease will lead to BTC price rise, and the reason I'm saying this is because first as of now we're no way near finding a cure even with collaborations at their fullest we expect a cure in early next year, at the earliest. Second is the economic damage taken as a world and how the recessions will impact buying power - its all economics really.
But the short answer is that it is unlikely curing of these disease will cause a boom in BTC, at least directly anyway but it may have a non-causative link.
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