I think the situation before the hype is almost the same with today's condition, before the hype the market still full with whales, the pump and dump group were scattered in every where, the ICO reputation was a little bit better before the hype, many good project appeared, the only different was it's easier to earn bitcoin before the hype, because before the hype crypto not too famous yet
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No you can't make 10% every day, maybe you can make 10% one day but you can't win every day, setting profit need to consider the market situation, even the best traders never set 10% profit for day trading, 10% profit is going to make you lost profit, the most reasonable profit for day trading is 3% to 5%
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I think Maduro is using everything he can to save the country, but the inflation has been gone to deep, the people are having difficulty to fulfill their basic need, using crypto as the savior can be double edge sword, in short it maybe can save the country, but in long term it will create new problem, but Maduro step need to be appreciated
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Yes it's true, we will learn more when the market is down, and when the market is up we also need to learn, learn the idea why the price is up and what indicates the price, so we can make more in the next time, the most important is not to carried away with emotion, always used logic and chart to trade
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News is very important indicator when the traders want to speculate, and most of the people trade based on the news, when there is a good news then people tends to buy and it can cause the price to go up, that's why a legit source of information is needed when we want to buy or sell, news got a big effect for crypto
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For the one that still beginners they thought that they are impossible to lose because they never see a 20 times lose streak, but they don't know that if you played a lot of times there will be a chance that it happened, and I agree martingale is not worth it at all, you spend a big amount just to win a little money, and for long term we will never win because the casino got house edge advantage, and the casino also got bigger capital
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I think the most suitable source to learn is from youtube there are more varieties in the strategy and you can learn from people experience, the content from social media is kind of limited and sometimes the tactic is not suitable for us to used, but social media is very important to get updated news, so its one of the important element when you want to trade
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If I want to start a coin I will start from the beginning, I dont want to create a coin under famous coin, because it has been proven that none of forking coin really succeed, all of them become the mockery of users, and being used by whales to manipulate the price, so forking coin is not a great idea
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The US dollar does not have debt, the US has debt and the dollar is there choice of currency. Debt is not an issue for a currency in a direct way. Only because often these countries cannot repay their debt so resort to printing money and this in turn leads to inflation.
This is more correct statement, the one that got debt problem is US, not the dollar, and having debt is not too bad, it shows that the currency is more flexible, and dont worry about the currency going to implode, usually a centralised currency will more stable and more adaptable to the situation, a lot of people choosing bitcoin because it is decentralised and easy to used, its not about the coin having debt or not
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The price is not the indicator of bitcoin acceptance, it is better for us if the people appreciate the technology and really interested in the bitcoin feature rather than the price, if people interested in using bitcoin for transaction automatically it will increase the price and bitcoin could last longer
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I support your comment. Greed is the reason for a great loss. And it is also the reason behind creation of shit coins. Without greed, the cryptocurrency terrain would grow beyond prediction.
Let that be true. The question that comes naturally is why do we all get greedy? And the answer is in our DNA, in our genes because evolution makes individuals into survivors and those who don't won't survive. This goes to show that if you won't be some one else will and reap the benefits too. The greed is in our blood, its our nature instinct to survive longer, but we also got brain that can allowed us to stop being greedy, I think 20% is already a big profit, if you are investing in alt coin, its really rare that you can make 20% in short term, I think 5% is a more suitable profit to get, of course everyone want to make more profit but setting the profit too high can cause you earn nothing
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I think its not a good way to make money, i had ever tried few times, it makes profit but not too big, even with apps it need time to do research from exchanges to exchanges, there are so many things that need to consider, the fee, the speed the order book, and the exchanges that we have, so you need to split your money in various exchanges to be able to do arbitrage
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Hoarding actually wont make bitcoin grow further, it can help people to avoid panic sell but can't make bitcoin grow, the correct way to make bitcoin grow is by creating the awareness like OP said and asked people to invest in bitcoin, but we can't asked local shop to accept crypto, because its not giving benefit to the store if the price keep on fluctuative, and some government won't allowed crypto being used for transaction payment, to make bitcoin into healthy currency the demand and supply need to be balance
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I think bitcoin has been given the gambling industry a new era, its a good solution for the easy deposit and withdrawal, transparency of deposit and withdrawal is very important for all of us and blockchain able to provide that for us, the anonymity of the bitcoin also really help gamblers who want to hide their identity and also make them easy to access the site from all countries, so bitcoin, blockchain and gambling really a perfect combination
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Bitcoin never intended to eliminate any of fiat or type payment, it was created so we can have a freedom currency to used, bitcoin was created so we can have global currency that can be used by all level of society, bitcoin and fiat should work together to create a better economic, bitcoin is not a threat to other currency
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Yeah, the amount of the bounty become more and more disappointing, so don't expect you can get a huge amount of money from bounty, if you know how to trade of course it will be better to trade, the amount of profit from trading is unlimited, you can get huge profit if you already good in trading and if you keep on building your experience then you can become an expert
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I agree that the only action taht makes us losing money because we decide to sell the coin, but sometimes its inevitable, when we analyse the coin going to go down deeper then the wise step will be to sell the coin and buy back, if the coin is strong coin then the possibility of bouncing back is high, but if the coin is infamous coin then sometime we need to cutloss to prevent losing more money
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Of course we would like a decentralised for crypto, one of the reasons crypto is famous is because of the freedom, people already tired of everything being supervised by the government, the legality and adoption of crypto is depend on the government's point of view, if they can see crypto as the new technology and new way to do transaction then I think they will adopt it because crypto got so many potential that can make people to do easy transaction
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You know most of the ICO's are not good for long-term hodl. Just like most of the ICOs today, people are just waiting for the market listing so they can dump their tokens. Maybe it's not worth it to hold a coin with large number of supplies. There are coins which is good for long-term hodling but it is seldom. Dumping is not a bad idea for some people because they are being given the chance and opportunity to buy and hodl the coin they want.
Exactly, most of the investors or bounty hunters are only looking for profit they don't care about the project, and most of the ICO project won't survive for a long time, so whenever they got the chance to sell they will sell it, they won't take the risk of holding the coin for long term, for them it's better to sell cheap rather than holding an invaluable coin
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There are few ways to indicate the whale movement, if the price go up or go down deeply without any reason, then there is a chance of whales is manipulating the price, if you see some of tye fud news then the whales are starting their move to lower down the price, the other way is to join the whale group to see which coin they tend to pump or dump
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