All in all, being unable to handle our emotions has a huge impact on our decisions. In trading, we have to set a certain target and focus on it. Sometimes, we're aiming for more that it even exceeds our target goal which results in losses and regrets in the end. We have to learn how to avoid putting too much emotions in that market's volatility but instead, we should manage how to deal with it.
I agree, the biggest issue in trading is if we put too much money on one single coin. There is a lot of risks involved in trading which we can't control. That is why diversification is so important. In general, I try invest in at least 5 different crypto currencies. The same goes for stocks, I don't like to invest in one stock alone, better to spread out. When we are holding more than one coin it is also easier emotionally for us to check our portfolio. The chances that all 5 coins are in red is much lower, then by just holding one coin. There is an old saying that "Don't Put All Your Eggs in One Basket". This applies to assets especially on very volatile ones like crypto tokens. I myself lose my whole trading capital before because I put all of my money on a single coin and yeah it is a bad decision that I do, As far as I remember I did somehow regained my losses from diversifying the remaining money and do small trades until I recovered. It was a hellish week because of the stupid decision I did. I hope that everyone gets the lesson of it. from your experience, of course it is very risky to invest in one coin, but if the pump does provide a satisfactory return. but again trading is not gambling, so we must be able to minimize risk and stay away from greed |
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I think a demo account is actually good for a beginner trader because as you have said, there's no major obstacle which means that a beginner can purposely make big mistakes and learn from it without the worry of having to lose a lot of money.
beginner traders need a demo account, because there we can minimize losses from studying there, yes many still don't have this feature, look at Coinbase, Binance and even Bitfinex also don't have a demo account feature, I hope Binance opens this feature so that beginners can also learn without a risk but keep in mind, demo trading with real trading is very different. Of course the psychological pressure. no matter how good the technique is, but weak in psychology, of course it will be destroyed in this business. therefore we must understand the benefits of demo trading |
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Bots if they are used correctly can help you trade conveniently because you will not be actively managing your funds since you are using a bot that automatically does the orders and stop loss, it looks easy but you have to know how to tweak so you can use the bot's full performance and to your liking.
In a bull market, all these trading bots almost always show a profit. But in the bull market, not only bots work with profit, but also beginners who have not yet gained enough knowledge about trading. The problems start when the market changes to bearish and because the bots can't trade short, they start working at a loss. That's why I said that you should know how to tweak the bot or have some technical prowess to adjust the bot so no matter if come hell or high water the market is, you can still make money out of the bots that you are using. right, we should know when is the right time for bots to work. so don't let us leave it entirely to the bots, because of course bots have a weak point, so they don't work at certain times. but besides all that, I think manual trading is much better to survive in the market |
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The trading volume on Paypal is pretty good and it's a really good place to support crypto. The demand for cryptocurrency is increasing so people will use Paypal to exchange crypto more. In this case, both Paypal and the crypto market benefit. People have difficulty in using a credit card, bank to buy cryptocurrency so Paypal is a better and more frequent choice.
I believe that in the future the cryptocurrency market will be welcomed around the world through financial companies, technology companies.
With this convenience, this will encourage PayPal to develop. we know that with the popularity of cryptocurrencies, it will increase the community, so the positive thing from paypal is to improve its services to provide access to cryptocurrencies |
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We are doing the trade to earn more from the fiat money.Because,we just keep the money.It won't increase to any value.And cryptocurrency are the good platform to get good profit in a short period.So invest your money in reputed coin like bitcoin,ethereum. Deciding is important one in cryptocurrency ,when to buy and at what price.
for now in the end it must be realized with fiat, because only fiat is flexible to buy various goods we need. By utilizing the function of cryptocurrency for trading and investment, profits from these activities can be exchanged in fiat currency and entered into bank accounts that have been legalized by the government. |
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My online trading sources are trading,bounty hunting and being a investor in a new project.SAFEMOON was seems to be a good coin for now.In additional it was not listed.So we can buy at very low price.When the price of such coin reached a all time high.You may became a millionaire.So we can easily earn money in online,if you really do with involvement.
trading is the main source of earning money, but just like me, first of all I became a bounty hunter, and the prizes I can use as trading capital. So far, they are still making money. We know that trading doesn't have to be in front of the computer forever, so I can do both things together |
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Suddenly dump and pump make many people get liquid every day, I see bitcoin dump more than 30% every time and make liquid price close for many investor try to get long position, maybe waiting long when bitcoin have been lower price and early after weekend is the best for entry to get long position.
in the current situation, I think the decreasing price of bitcoin can certainly be an opportunity for us to start buying bitcoin. the decline could happen again, and we buy back, so we will get every support area to buy in order to minimize risk, Seeing realistically the market will be better than us being obsessed with getting a lot of profit in the near future |
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I really appreciate the effort made by OP however, if we do it now nothing could assure that the results will be the same. Even we do the copy trading, it all comes with different output as it always depends on the market trend. If that works on you OP, just keep it and continue doing that. It might give help but I have to do my own and discover strategies that could be more effective than what I use before. As the market becomes more volatile, the more we have to be careful and make decisions wisely.
I totally agree with you, trading has trends and fundamentals. Market movements can suddenly have a positive trend and suddenly can also be a direct negative trend which results in falling too deep. Maybe 3 months ago the trend was positive because there were encouraging fundamentals like Tesla accepting payments with bitcoin, but now the market is crying. In trading it is not that easy to be careful and there are no guarantees in trading even if you follow other people's strategies. especially in the crypto market, where news is still dominant in influencing market behavior. On the one hand, it is easy for fomo or fud to occur. therefore we must be careful and not greedy in taking profits. at this time maybe we can look for a buy area, and release it when the price goes up, but don't hold it for too long, because the price can drop drastically at any time |
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for me progress can be analyzed every month our achievements. so that our income every month has developed according to the target we planned. if the percentage is a lot of loss, it means we are losing. but the measurable risks will still make for a healthy portfolio
Of course, it is clear that an analysis of everything we do is needed to see what achievements we might be able to do so far. because by looking at what we have done, we can improve if it does not match the target we want. that way we will always learn to fix the shortcomings that we might do. And you need to have all the records for your basis. But don't get surprised if ever you have lost a lot than of our profit  Only a few traders did this but actually, this is very important to track our traders in order to find out what is really happening to us. To know if we are still good or we need to stop doing this. We find successful traders not only they are really good at trading but it is because they are also tracking their trading history. based on the experience that has been done, of course, the purpose of doing what we do can be fulfilled correctly or not. I agree with you that as a successful trader is that they can research whatever has been done from what has been done so far and from there they can improve if needed. because without improvement, there will be no progress, even if we record it well. evaluation of what is done becomes very important, that way we will get lessons and draw conclusions. if this is done continuously then I believe our ability will increase. and the main parameter will be our achievement which will increase in percentage |
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Banks are too deep rooted in our society and government that if we try to remove it totally, the countries won't survive for long and any replacement is always going to be too late. Banks are like the zombie ant spores, they are the reason why the ants still move and if we completely remove it, the ant will finally die. So to answer your question: No, banks can't be killed or not worth to kill.
banks in government control, and sustaining a country's economy, can crypto easily overtake them? I don't think it's that easy, of course the government doesn't want to lose control, let alone let go of the central bank before finding something that can benefit the government |
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I think they might have sold some at the high before he begin to tweet about the environment and then now would have started buying again at these prices. Yes, will know in the audit and once financial are released if there is nay change in holding quantity. But definitely he would have not just kept it hold in the falling markets which began because of his tweets.
Elon or Tesla can't do that. Because doing so amounts to insider trading. If the SEC comes to know about this, then we can expect Elon be fined anywhere from 2 times to 10 times the amount involved. So unless he has gone 100% crazy, I don't expect him to do that. All we need to do is to wait for another one and half months to find out whether they have sold any of their coins. It will be clear in their quarterly statement. A few days back Elon tweeted that Tsla hasn't sold any of its coins, and this time I believe him. If I remember it right he tweeted that he have a diamond hands, Not sure though if that's refer to his bitcoin holdings or just for his dog, but following that statement, yes, He's going to face SEC as taxes with that huge amount of money needs to show up from his report. We don't know what inside his mind on his crypto assets we can speculate but the last words still with him alone. Naturally we can't read the direction of his mind, but what is clear, I think Ellon has mastered this business, and of course this is all just his strategy in doing business, I agree we'll see the next development some time later, and we can see what Ellon's words mean the last one, and he probably still keeps his crypto assets too |
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I don't like this pandemic, but beside negative things that caused by COVID19 there are some good things that people get. For example, people are become more aware about cleanliness. This pandemic is challenging human whether human can do something innovative to survive or loss. But still I hope there are no more people die because of this pandemic, I hope everyone will be safe. Please apply social distancing and lockdown correctly. We only need to become discipline to cut this virus spread chain.
with this pandemic, it has indeed changed our life habits a lot. in addition to minimizing our activities outside, it seems to require us to always do a clean life. But I don't think all areas are experiencing a sluggishness, of course new fields will emerge when the pandemic occurs. we know the crypto market has become a hit this year. besides that all types of online businesses are also growing rapidly |
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anyone who will trade and make profit must be patient enough. emotions will not allow you to attain your goals because it will conflict your thought especially when your holdings are on dip. but deep understanding will make you overcome this. market cycle is full of ups and downs. if you are for long then you dont have to mind every retracement or dip. this is the only way to have long term benefit.
I guess if you bought on the dip and there's a chance of any possible reversal with the use and help of technical analysis there's a lot of help to your decision but if you are trying to buy a coin with a strong downtrend I think this is one of the most possible mistakes you have. Sometimes having too many futuristic thoughts gives a negative impact on you or to us, be this is the reason why each of us must have a trading plan like make a trade just only a daily, weekly or what plan do you make always stick to it. One of the best trader characteristics i guess is having a self management. we don't know whether the market will continue to fall or experience a reversal like our analysis. but I think trading is an opportunity and a risk. therefore we must also have the courage to take the risk of loss by placing stop losses when our analysis does not work, because there is still another opportunity to look for profit. |
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Bitcoin volatility is not an issue anymore for we have already know that it is its nature ever since it has existed few years ago. Now the challenge we traders are up into is to deal with such volatility and work into such difficulty and pressure to work on our side to be able to survive and gain profit from trading as well as investing with Bitcoin. Bitcoin is not perfect as many think it is but what is the important thing is can work into it gaining profit so we must just seize the moment for the volatility is a given variable for us to strive hard.
Volatility is already part of bitcoin or crypto market. So yes, it should not be a big discussion anymore. We already embraced such property of this currency. We just need to go around on this aspect and learn how to take advantage of this aspect. And volatility will be a very good feature how you can earn from this market if you know how to strategize your funds. for those who can take advantage of the volatility of market movements then they will be successful in this business, but many people are tempted to get rich quick without having any knowledge. therefore only a few people can survive in the market, because the market psychologically attacks every trader |
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Well, there is nothing we can do is to observe the market price when it will surge back again. I understand that there are too many people losing at this point, but those who already sell their assets will perhaps accepting about their loss. Many of us have got REKT on our portfolio but there is no loss if you will be able to wait for a perfect time, just be it and keep hold as yours. Those people who already understand this situation will most likely hold their asset from any exchange,
That is the reality of crypto. Those who accept their losses and get out of crypto should not blame it for whatever happened because at first, it was their choice to buy crypto at very high prices and when the markets dumped, they chose to sell it instead of waiting. The traders who bought btc at $19950 in 2018 surge and didn't sell anything till date are in ~double profits. But I think they should have to sell it now before the market will turn in dip again. The common problem that I saw mostly to holders is being greedy, they don't contend in x2, x3 profit but they are more preferred to x10. That is why many had missed the biggest opportunity we have in the past day. I don't suggest people do holding unless if it is necessary but to sell it once there is a profit. Well, of course, we also have to analyze the market first. The ones who missed are ambitious actually who are willing to hold their coins for long term. They don't aim for pennies but bigger profit much like the whales who wouldn't even touch their wallet because all they think is coming back after few more years. It will only be good to sell for a profit of 2x or 3 if you buy back when the price is right. If not they will likely cash out for USD. Big ambition is the same as greed, which wants to immediately get big profits but does not want to think realistically. and what happened many of them regretted his actions, but strangely they did the same thing again. therefore realistic targets and trading discipline are the keys to avoiding this incident |
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When I start on cryptocurrency investment and trading I always join a platform with different pages groups, etc just to give me signals of what's happening in this coin is there any chance to pump or dump this coin and now I start to come up to my technical analysis I tried to invest in my self and after that, I don't become dependent person anymore its better to focus on your knowledge, not all the time there's a person or people beside you at the end of the day still your decisions.
Every mistake you made make sure you learn.
at first we will indeed follow what other people do, but after that we can learn it ourselves with the various knowledge we have done, and of course we make mistakes, I think that's natural, because it is a learning process, so that later we can find a style personal trading with ease. I think every trader has done that |
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everything can be explained through chart analysis, if you can read charts then you don't need to worry about trading in futures,
and if you have $ 100k of course that's a lot of money and you can lose your money easily if you can't read charts,
my advice is put stop lose -5% and use capital less than 10% when open positions, the last do not be greedy
you have point there mate..to be exact knowledge is the most important when it comes to this way of making profits. And the first thing you need to know is how to read the chart in order for you to have a clue where will be the next direction of the growth rate.. Actually someone says that no one can really predict the real movement of the chart but i don't believe on that kind of view because it all depends on you if you really interested to such things.. In fact in trading we have some useful indicators wherein that can really show us some specific information, if you are not confident about the results after using one tools then combine those indicators just to obtain the best results that can prove you the real potential of the candles.. Efforts is required but yes it will be worth it after all. after we analyze the market, of course it is not enough to do that, we must have a target so that we don't get greedy. On the other hand, in predicting the market, of course we experience mistakes, and the most important thing we have to do is place a stop loss or cut loss so that our capital can be protected. |
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I don't want to invalidate your failure but you could've prevented some of your mistakes from happening if you asked other people about their trading mistakes, learn from them and apply what they didn't do and see the results. Also, you might want to watch out as to how much money you are putting in your trading because you might be losing a lot of money that you are better off gambling the money, also accept the fact that not everyone can do trading.
Yeah that's true, we should not put our money at risk without any good knowledge, you will just waste your money if you do trading without any good knowledge, losing money from it is really frustrating because it will make empty too fast compared to spending it some other things, trading wouldn't be really good for every beginner because the chances of winning in trading for a beginner is really rare, it is not like gambling where you can have 50% win rate, you should really acquire knowledge before entering the trading world. therefore we should not be tempted by other people's profits that can dazzle our eyes. we must first learn about the strengths and weaknesses of trading. by understanding all that at least we can manage finances in trading, what we need to remember is that no success is achieved easily, so we have to go through a tough process. |
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Bitcoin is a cryptocurrency traded through open source cryptographic protocols it cannot be seen or touched it is made online and used online. This currency is number one in the world of crypto but no one can give an exact indication of how long it will last there are a lot of cryptocurrencies on the internet such as ripple ethereum etc of these bitcoin is currently the first and most talked about cryptocurrency. These cryptocurrencies have some common features and some have their own characteristics that currency makers determine it has no value in itself.
The problem with bitcoin as a currency here is legalization from the government, where most countries have not been able to legalize it so that it cannot be used as a legal means of payment. therefore, currently bitcoin is more inclined to be used as an investment and trading tool |
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I believe that Elon Musk is manipulating the market and his messages and statements clearly contribute to both the growth and the fall in the prices of crypto assets. It is very simple to determine this, if Elon Musk's statement came out and after that there is a large movement in the prices of crypto assets, then this is a real influence, which can be regarded as manipulation with a goal or simply to bring down prices to buy cryptocurrency at low prices or for the sake of another cryptocurrency. In any case, such statements have a real impact and this is very bad in general for the entire crypto industry.
right, the crypto market is synonymous with whales, and ellon is one of them. with his statement accepting crypto and finally releasing crypto, made market sentiment move and he was already profiting from crypto. but I think it will recover by itself, so I think investors need not worry |
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