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324
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Economy / Trading Discussion / Re: Why trading is unhealthy?
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on: June 23, 2019, 11:56:50 AM
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this is true, we can lost our healty if we always look dekstop computer every day in hours.
we need to have relax and take holliday to get refresh mind.
thanks to share your story here and now i will try to get refresh in a weekend.
You are right, trading can be unhealthy either we win or loss as it can give pressure directly on our brain we have to give too much concentration while we trade, which can affect a lot on our health. |
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325
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Economy / Trading Discussion / Re: Do Not Trade By The News, Follow The Price Action
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on: June 23, 2019, 11:54:50 AM
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Yes, the market often moves against the news. But this does not mean that we should neglect them. Sometimes news can have a good impact on the market and you have to learn to notice them.
Everything has both sides, good and bad so for news it can make good reaction or bad reaction and sometime it can not make any changes on the market and also for sometime it may make changes for a small time. I think if you're into long-term moves especially when it comes to Bitcoin, then no, the news isn't actually important in terms of affecting trades. I'm not saying neglect it either, I read the news about Bitcoin a lot, and participate in a lot of discussion, but nothing about it influences my decisions when it comes to trading it. Bad news doesn't make me feel I should sell, good news doesn't make me buy more. If you're a trader solely to make fiat profit, fine, but then you'd go into forex where news does have an impact. You have pointed a good point that for long term investors news cant play any role on market. Actually news can effect only for a few moments/day and after few times it goes the its own way, then it does not follow the news. |
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326
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Economy / Trading Discussion / Re: My luck is very bad for crypto trading 😞
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on: June 23, 2019, 11:53:02 AM
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my luck is worst, i tried to buy crypto in 2018 and still not recovered.  From the beginning of 2018 the market started to goes down and it started to recover only few weeks ago, so wait for more time and recover your money as well as you might be able to make good profit. |
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327
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: June 23, 2019, 11:49:15 AM
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I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins. Monero transactions take ~ 5.23x more space than Bitcoin transactions If we take 20% off we get 4.2x I wonder where is limit. How close to bitcoin will we eventually get.
The thing is Bitcoin has the same sorts of advances on the horizon. I doubt Monero ever catches up. What is important is Monero KEEPS up. In 2017, Monero was one of the best runners. Suppose, this year, it will move faster. I guess Monero can reach 180 dollars for an altcoin at least. It must get its place on the top-10 cryptocurrencies list. Actually in 2016 Monero was the best runner. If 2019 is new 2015, then 2020 will be Monero 2016 over again. It is time to concentrate on monero, I think monero will move fast once again this year or on next year. I am trying to collect monero slowly, will try to collect as many as possible. |
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330
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Economy / Economics / Re: Bitcoin can be useful for a troubled economy
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on: June 23, 2019, 11:41:24 AM
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giving much people opportunity about new job that dont need uniform , help for "non education " people to get their job tho
Bitcoin can make wealthy to you and to your country and also you may earn bitcoin by mining but you cant get a job by bitcoin directly, though there is a huge chance to earn bitcoin in various ways. |
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333
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Economy / Trading Discussion / Re: Does auto trading bot make good profit ?
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on: June 23, 2019, 11:34:04 AM
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In my opinion, it's not a good idea to make good profits because they are only programmed to do things they need to do. If you have knowledge of how you have to use it, it will definitely benefit you.
I do not use auto trading bot as I do not think it can give us a good profit, to make good profit w have to gather proper knowledge about trading and make trade manually which can make us perfect trader. |
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334
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Economy / Trading Discussion / Re: AML/KYC Explained
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on: June 23, 2019, 11:29:18 AM
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Some exchanges don't ask for KYC for depositing bitcoin or other cryptocurrencies.but they require KYC when they feel u are about withdrawing your funds from the exchange.I had a very tough experience with hitbtc.Not going back there anytime soon
And also a lot of exchange does not require KYC but without verifying KYC you can withdraw/deposit a small amount of money for example you may see bittrex or binance. They give higher limit for verifying KYC. |
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336
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Economy / Trading Discussion / Re: How to be A Good Trader? [new]
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on: June 23, 2019, 11:20:30 AM
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To become a good trader you need a few years, while showing stable results, because the investment is not a sprint, but a marathon and very rarely you can get everything at once
Only giving time cant help you anything if you cant invest the time on exact time. You have to spent the time in proper way to gather trading knowledge and to get goo experience. In this case you may do demo trading to be sure either you are making profit or not and demo trading cant help you too much real trading can give you the real experience which may play a vital role to be an expert. |
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337
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Economy / Trading Discussion / Re: Can I still get wealthy through Bitcoin?
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on: June 23, 2019, 11:16:53 AM
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See the price of last seven days of bitcoin and guess yourself that either you would be able to be a wealthy person by holding bitcoin or not but according to me you can be a wealthy person if you hold bitcoin.
It's been proven by those early investors before, their life has been changed by this industry, they continue to believe that time will come and bitcoin value will rise to very huge amount and when that time happened last 2017-18 everybody was so happy, it can just repeated itself and bring big benefits for those who'll be able to hold for long term investment. It has changed life of early investors and also time has not gone it is still time for new investors to make money. See last 1 week, price of bitcoin has increased more than 2500$ and till now it is 1500$+ up from 16th June (1 week). So, we have a good time to make money by investing on bitcoin. |
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338
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Economy / Trading Discussion / Re: Trading without losses?
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on: June 23, 2019, 11:11:06 AM
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Well, I am only a newbie in trading, but I want to become a professional. So my question is what is better to start from. For instance, I found the list of trading bots https://zycrypto.com/top-5-cryptocurrency-trading-bots/ and want to know, if I can use them for the fact income. If you want to be a trading expert you won't need any trading bot LOL 😂 I advise you to start reading technicalities and how to interpret charts. It will help you a lot. And of course trial and error is another way of learning. And trading bot cant hep you too much, for selecting a good item you have to know about the item. For bot it may select bad item and make you more loss than manual trade. While you will do manual trade you will check a lot of factor but for bot it will check only few specific factors. |
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