One of the biggest cons of full time trading is being alone , boring sitting in front of computer watching charts data all the time from past 6 moths i am almost doing this and now because of this i am not able to focus on trades.
Some people including me would love to actually go full time trading if possible and the profit is guaranteed at least(and you don't need to tell me because it's not). I'm kind of introvert and don't really like to go outside so this kind of job is really good for me and I do like it, which most of people tends to against it because it's not healthy. i feel like quieting full time trading and go to job so i make some new friends and Socialness
That's up to you to choose that, but keep in mind that still lot of people are enjoying to do full time trading. If you have stamina to work full time go for it. But I think there should be a balance in life between everything. You should manage your routine in a way that suits your health, needs and wishes also. Full time trading will be boring for you if you cut yourself completely from your family and friend circle and just surf your whole time looking at the values. A balance will make your mind relax and fresh and the techniques that fresh mind can use are better than a tired mind. |
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For me, studying Economic will increase your financial literacy, so it is important to know how market works, how your countries economy works, the law of supply and demand as we can apply it in our real life, even here in crypto as well, so it's really important to know things regarding it.
Economics is applied in every field and every phase of life. Even housewives need economics to deal with their house loads. Students need it to deal their own expenses. So, if you are entering into the field of business that will be important to know economics. As it will act as a basic guide for you and will lead you to deal with crypto market. Apart from reading and learning it applying it jn your daily life will make you a good trader. |
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From the start it was already the being questioned to him.
He cannot provide, that just means he is fake.
Many fake satoshi's will pop out. This is just the start.
But we all know how they can prove it. Move something out of that wallet and then maybe we could consider it.
It still needs investigation though.
Agree, besides he can prove himself anytime he want as long as he is the real one. He's just toying with people, talking non-sense to have an excuse or what. I already believe that he ain't no Satoshi, and I bet everyone did the same, no confirm needed. Because once again he can himself anytime he want, if he really is the real one. Why to run behind the identity of a person who do not want to reveal it. People just talk nonsense and involve themselves in such activities which are of no use for them and others. Who is the founder of this crypto market, who is fake and etc. things are evolving with time and this evolution is the biggest of all. Learn the ways to get benefit from it, how to invest in it, how to adopt it is daily living, how can we avoid scammers are the important points you should think about. |
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Bitcoin is still very much used and adopted all around the world to this day. It has been accepted by organizations and payment gateways all across the world. So what about Altcoins? Are they worthy to buy in future? To predict the future is very hard. In the cryptocurrency world, prices are very volatile. Dealing with the issues of transparency and scalability problem, might effect cryptocurrencies in the future.
Bitcoin is not really circulating as much as you think in some developed countries. all are fomo posts about bitcoin to increase investor confidence. Basically, no one wants to trade and accept high volatility assets, which will affect their future revenue and business strategy. If so, they will only accept about 10% and the rest will be fiat money. actually, we should not expect cryptocurrencies to be accepted for payment everywhere. they just need to increase the value after each year and make an asset to trade is more than enough. I think you do not have enough knowledge about crypto and its acceptance. It is widely used and accepted by the people in many countries. You should read and research about it. You may have faced a bad experience or what but your speculations are not right. I recently read in a research that cryptocurrency is becoming part of daily life in a lot of countries including California where people use Bitcoin credit card even to pay their coffee, buying a packet of nuts etc. |
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I do not think that bitcoin can be used in everyday life, at least not yet.
yeah i'm also agree with you.because,now bitcoin price is not stable.that's why this coin is not usable for our everyday life. People are using it in daily life for buying and selling different items, paying for a coffee or a bear, paying other bills etc. it has started accepted in smalls stores and shopping places in different countries. Similarly it is accepted at big sites also including Microsoft, amazon, and burger point. This is also an addition of cryptocurrency as a daily living. Soon it will be accepted by others as a method of payment and its effect will increase. |
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I admire what you are doing. Sharing the information regarding Bitcoin and telling them the pros and cons of it and also the basics of it. Although I admire you with what you are doing, I think that you must pick the people who you want to share the information and if possible do some background check with them. Do they have experience in investing already into other investments or if they heard the word Bitcoin already. Don't push yourself too because there is the internet that will help them to research more regarding Bitcoin if they really are interested into it. They will do some research if they find it interesting to invest their money with. All in all, thanks for sharing the information. What I can share only to you is that, just share the basics with them. The pros and the cons of it and that is enough  . Personal research about any business is surely the best option, as you better know whether the information in authentic or not. At the same time self-experience do add a huge amount of knowledge in your mind. But learning from other’s experience is also not a bad option, this makes you vulnerable to the mistakes they have made in their business. If people share their ideas, learn from them, pick the things that suits you and leave the rest. |
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It seems like day trading does not currently support altcoin traders, and you are not alone. the strategy that I use now is medium and long term trading, this is all I do to anticipate an unstable market situation. it's better to defend than to attack without limits.
You can use Bitcoins in daily trading to get small benefits. Altcoin is currently not very stable because of fraud cases but Bitcoin is safe and secure, you only need to be patient and learn from others and your experiences. More and more Practice in daily trading will also bring improvements in you. Due to the short term nature of daily trading the fear of lose in case of dumps will also not be a cause of constant tension for you. |
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I think long term trading is less risky. Another benefit is that you avoid all the trading fees that you have to overcome with day trading plus the fact that you will make some mistakes that cost you money.
Agree, we need to spend a lot of money in trading fee because if we don't make any profits we should hold it for the long term. Instead of entering a higher value it is better to grab them when the coin prices are very low in the market and it will surely help us to make some decent profit in the long term. We can’t say daily trading is not good because day trading is also good in this volatile market but to earn from daily trading its important to have time for it so you can explore market every hour and daily trading is fully safe as it does not have risk of lose with sudden market move. Trading is any person's own choice and for me both are profitable but I trade long term. In day trading, with the aim of profit traders buy and sell different assets. As it is very short term so people usually do not have fear of losing with the dumps in the market, it gives you a small profit by the end of day. People who daily trade also need to have time to time update about it. If we talk about long term trading it gives bigger profits in long period of time. Both traders get benefit. |
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We are good investors if we know how to control our emotions in investing and selling. The right time for investing is when the price of it is low. After that, you are going to sell it high so that you can earn profit. Also, we need to study the project that we are going to invest so that we know the possibility of earning into it.
Yes important to investor is to know how to control there self for being afraid if the price will goes down. Some times we need to control our emotions to get a good profit of we holding a coins. So the good investor know how to control there self when there coins sell. And they have patience to wait a good time before they sell there holdings. I would like to add a little in your point. Beside the control of emotions, realistic expectations also play a very important role in the life of investor. Set your targets and goals that are more close to reality. Realistic expectations will never lead you to disappointment. Never stop learning as it brings improvement. Lifelong learning, a constant review of updates and news related to your trade also makes you good investor. |
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actually, in my country, some celebrities have used and used bitcoin, but that is not for daily use, but they use it as a tool for investment.
I know some artists because of some news coverage about it. I think this development will become more widespread. however, celebrities are also investors.
I agree, infact they cant really focus or give all they time with crypto because they are busy on their work. They really just do investment to get some profit that can add to their financial income. Celebrities are financially very stable, and they have done many big investments in multiple trades. I don’t think so getting profit and adding more into their financial pocket is the only reason why celebrities invest in the crypto market. Bitcoin is an inventing industry so it is attracting them also, some are also doing it for a better cause as Bill Gates invested a huge amount of money in this market being worried about environment and those who are not financially stable. |
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OP maybe THIS will help you in your quest for learning about Trading Options. Meanwhile, you could also put in a small investment that you will use to practice trading Options on Trading platforms. Thanks, this is indeed helpful. I have started going through the program and will watch the videos over the weekend. As Practice makes a man perfect, you can start from a small business and can lead to higher one. The ups and downs in the small investment will give you experience and knowledge about how to deal with the situation. This will save you from bigger losses in the big investment. In the end you will surely get benefits from this crypto market. |
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A new year and new hope of adopting blockchain and cryptos around the world. Millions of traders or investors are on this Digital Asset Market already.
A good number of people are coming on this market everyday. What are the challenges, regular issues or problems for the traders or investors during investing? Security, High Risk, Scammers, Hackers etc. can be the problems. What do you think?
Volatility is the most issue that a trader must face and surpass. We need to go with the flow of this uncertain market for us to dont lose to much in our trades, next thing is the hackers that can steal our money, even big exchange has been hacked but they need to resolve it and strenghten their security the website must be an anti ddos exchange. You're certainly right about what you said but i will like to clarify something that one can surpass crypto volatility and whats is needed is to learn how to make something good out of every trend the market posed. Nevertheless, the major problem both crypto investors and traders need to learn how to thrive through it or have the require knowledge to make the best out of it are coin selection, time (buying/selling period), how to keep their investment save. Volatility cannot be taken as an issue it is the nature of this market. You should find the solutions of your challenges in the business. Instead of pointing out the negative parts of a trade try to develop the skills in yourself so that you can easily face that challenge. Very obviously, time management, good decisions and a good command over knowledge can make you a good trader. |
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yep, this is normal because its value is not controlled. As for bitcoin, it is a digital asset and is traded in many unregulated decentralized exchanges. That's why sharks prefer to manipulate the price of Btc to make more profit and inadvertently make it grow stronger than other types of assets.
Typically, the whales can go over investing and risking their money due to huge funds that they've been holding for years. Money isn't the serious issues for but rather how to strategize the market situation. Many times they tried to create more hypes but didn't effect as the ways they desire to do it aggressively. As whales are the biggest investors in the market that is why they can manipulate the whole market in the way they want to. I support your idea of making good strategies, by making god strategies for our business we can control the downfalls also. You can bring it under your control by setting a good method having a backup plan and a key with you. It is very stable and will gain more stability, also you should prepare your mind for risks because they are the part of every business. |
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I always try to convince people that bitcoin is promising place to gain money. Because with just that way they will extracted to know more about so as they will find and learn about bitcoin. I think when they have known about bitcoin and how its function at least they will know and support that bitcoin can be used as payment system because it is very easy to use.
Such as payment system that use money fiat which is crowded being used by many people as of now. And I just thinking too when I give a learning about bitcoin that its function is as payment system then I will doubt they will extracted to know more about bitcoin because they just believe that payment system is money fiat only which was created by the goverment.
Giving people knowledge and awareness about Bitcoin, will make people aware of the fact that digital currency is also a method of payment that they can use. We can start giving this awareness starting from our family and friends. Give people the knowledge, your positive experiences, this will attract them toward this. We can also use social media which is the powerful tool for creating awareness among people.’ |
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Inflation occurs when the debt of their country mounting up and its same happening all over the world with no difference of developed or developing countries.Only way to reduce the inflation rate is to keep the economic steady so they no need to print more money to pay their debts.And also their economic should more depends on the export rather than importing in my opinion.
I agree. Economic inflation in a country is sometimes caused by their consumptive society buying imported goods rather than buying products from their own country. As a result, the value of their currencies will be weaker so that economic inflation occurs. perhaps because imported goods are cheaper than the products of the country itself, so that domestic products are not sold and business actors are in difficult circumstances, so they need more foreign currencies. different from countries that export their products, of course the demand for fiat currencies in the country increases and can reduce inflation It is true, the price of imported goods is always cheaper than local goods, but people should prioritize buying local products rather than imported products so that their country's economy can be more stable. And also the government in the country must provide full support for local producers including MSMEs. One of the best way to make the economy of country stronger and stable is the promotion of its local products. Instead of importing things from other countries, under developed countries have to focus on the production and promotion of their own products. Governments should make the products of their own country easily accessible and purchasable for the citizens. This will make the economy of country stronger. |
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Government backed fiat will crash and government will still be standing? I really doubt both these will happen at same time.
If there is no fiat then there will be no government operating in the country, since the financial control is one of the strong pillar on which any governments stand. Bitcoin has its own value and use cases but that doesn’t mean we should start saying that it’s going to replace fiat.
Bitcoin can not replace fiat in any way because cashless economy can not be possible. Bitcoin stands on its own without the government’s support. That is true that bitcoin will hold a strong position in our lives in future but it will use in parallel to the fiat. It can in no way fully replace fiat. |
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Bitcoin started the crypto revolution and that's the most obvious reason why it still leads the crypto industry. Altcoin market is heavily dependent on bitcoin price, as rise in btc brings rise in altcoin prices. The one main reason why bitcoin enjoys the confidence of investors is because of its secure and robust network.
Obviously it's pretty dependent because as per cmc, bitcoin dominance have already increased to 66.7% ( https://coinmarketcap.com/) if BTC would fall, altcoins will be affected heavily and if it rises, it would also affect the price of altcoins as people would be buying BTC first over altcoins. Due to lots of fake projects and ICO people have lost faith in altcoin. So in either ways when BTC is increasing or BTC is decreasing most of the altcoins are getting heavily affected negatively by it. People have lots of trusts in BTC. But for a good cryptocurrency market I think there should be some good competitor of BTC as well. Or at least there should some good number of altcoins, which people can trust. Hope that the fall of the altcoin market will clear all the garbages in the altcoin market and people will find their trust on the remaining good projects. Yes, due to some fake projects and fraud ICO, the whole trust value of altcoin market has gone down. This is also one of the reason why bitcoin is living and enjoying the life of king in crypto market. The lost trust of altcoin can regain once the frauds will be recognized and the market will be safe again. At that time altcoin will act as an opponent or competitor of bitcoin. |
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"Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data."
where do you see the improvements being made against crypto criminal activity. this can really hurt the price for traders/investors if conditions don't improve.
One of the saddest thing in this industry is having a crimes involving our money and asset. The continuously growing of frauds, crimes, hack and scam are reason why many people want to go away with investment in cryptocurrency. They think that their capital is on cliff and anytime it will waste and die. Well we cant stopped those greedy person who really do crimes where money always involve since it was one of the main needs to survive in this world. Becuase without it you cant eat and buy basic needs in life. Crimes are really everywhere it doesnt choose anytime and situation as long as they have chance criminals will go for it. That is the main reason why the government are still having doubts in legalizing. If they will legalize it, there should be regulations about how the citizens will avoid scam projects and also to lessen the criminal activity. There are many pesons who are using bitcoin in their illegal transactions, there are study that saying most of the criminals who are want to stay anonynously are using bitcoin mixer. Honestly, people do not need the government to legalize bitcoin and other cryptocurrencies. The cryptocurrency is based on the decentralized system and because of that, it will never ever suit the money system which is controlled by the government. The stronger bitcoin and other cryptocurrencies become, the weaker the government is. Cryptos are a threat to their monetary system as there is no control over it. The government will always like to have control over its monetary system so they don't legalize but may regulate it. Regarding this topic, it becomes easy for the criminals to transact with cryptos rather than fiat the risk has been reduced in using cryptos over fiat which leads to an increase in such activities. Legalizing it would be a threat not only for the government but also for the users, this will surely increase the crime cases in this digital market. The control that government and central authorities have over state things cannot be maintained in this business so governments will never allow to become this system legal. |
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Cashless India, the Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of the professed roles of Digital India.
Lets discuss!!
Those were just political traps to rule the country. Digital transformation becomes more effective when the same happens from the people. What effort the government has taken for the same, nothing. If the government insist on making people educated providing the best and quality education through the governance and then making such digital transformation will be good to the country. Those government knows what is good and benefitial to the citizen but most of them just make propagander of it just to cajole the people. Of course everyone here knows achieving that is possible with crypto currency. It may only take a long time depending on their present development on digital world. How long it will take will still depend on the response of the citizen on steady process the whole world can achieve it. Yes it is dependent on the people response. The more people get to know about this digital technology, its usage will increase, the more it get used its price will be higher and similarly it will benefit its users. The whole process depends upon the acceptance and usage by the people. By looking at the present situation it needs more time for the development. |
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In my opinion, Satoshi Nakamoto is the person who made a revolution in the world economy in 2009 by creating the Bitcoin. It doesn't matter if it is one person or a group of people. No doubt he is very important person as he has brought the biggest revolution in our lives. We are not aware of anything about him. If he does not want to reveal his identity, why to go for this matter. This is simply a useless finding as the appearance of him cannot affect Bitcoin or cryptocurrency in one way or the other. There are other important factors on which users should pay attention to like its promotion. |
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