In fact, I only tried these two from the list
2. Binance
3. CEX.IO
Binance was my favorite and I worked with them for a long time but unfortunately they banned my country and I was no longer able to trade. Nevertheless, I found it to be the best platform in terms of ease of work, great liquidity, and good support.
True! In addition, Binance has its own coin (BNB) which is one of the most trustful coin. By having some BNB in your wallet, it'll reduce the transaction fee whenever you pay the fee by BNB. It helps somehow in reducing the cost and increasing the profit that you earn! I usually trade on Binance and Kucoin. |
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Those types of reasons are probably what could make or break your trading career. I believe that it's not too late to make yourself on the right track when you are talking about the right attitude and characteristics that you need to master to be consistent in trading. I will take the headings of your trading mistakes and just add little thoughts. - Preparation: You could do something about it by learning the strategy you are going to master
- Profit Mindset: No one got rekt by trading profits
- Overtrading: Just because you are profiting on other pairs, doesn't mean it's going to be the same with all of them
- Margin Trading: Don't expose yourself to something that you know little to nothing about. Learn Leverage
- Be a trader: I think no one has gotten devastating results just because they followed someone. It's still up to the trader on what he will do with the discussion on who he is following. Be yourself and know what you are doing.
If people are starting to get tired of it or it's a repetitive thing, maybe get a bot and let it trade for you, that would be better. All of the information that you gave are super and sooo helpful. However, I don't agree with the advice to get a bot and let it trade for you. A trading bot is simply a machine that works based on your command! Therefore, as long as you are not sure about your decision, the bot can't work efficiently. |
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6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.
Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.
This point is very important. New traders think that if the price of Bitcoin goes up, the price of altcoin will also go up, but the reality is different. When the bitcoin price is more volatile, everyone is more interested in trading bitcoin. As a result, everyone sell their altcoin and goes to trade bitcoin. Bitcoin trading is more profitable if you are a good trader. It is better to invest long term in coins than to trade Altcoin. And if you want to trade altcoin, you have to look at the bitcoin market first. True! Another thing that a good trader should know is risk management. Manage the risk and make good decisions based on the information that you have collected and analyzed. Furthermore, don't ever have the fear-of-missing-out (FOMO). FOMO has much more consequences than its benefits. Don't be too greedy to avoid FOMO! |
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Sometimes you should listen to the analysis of others and from that you can either make you own analysis or add some analysis so its safe where you gonna enter or exit. Recording of your trade decision makes someone confident about trading, some people forget why they enter or exit. Emotion is very important and patience in every trading decision.
I usually try not to hear others analysis. I did once and I was forced to buy a coin that was not profitable and I wouldn't buy it if I didn't listen to this stupid analysis. There are a lot of people who give false info in order to pump coins for their own benefits. Yub. You shouldn't hear or follow any other analysis. You can take their advices but don't bet your money in it. The best way to deal with the market is to equip yourself with informations, statistics, skills. You really have to study seriously about this market before joining it to avoid losses. |
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Risk management is very important. An investor cannot become successful unless he or she uses risk management properly. From my own experience, I have not seen the face of profit until I have followed risk management, but since I have been following it, Since then I have been able to calculate the profit and loss of monthly trading and bring out the monthly profit.
It's right. Risk management is critical for trading. Besides the knowledge about the market, you also have to learn how to manage the risk. Sometime you'll need to accept the risk if the chance of creating profit is large enough. The more profits, the more risks that you have to face. In a new-born market such as cryptocurrency market, there are a lot of risks. Therefore, without doing risk management, traders have a great risk of losing their money for nothing. |
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I am not a successful trader right now but I am on my way to recovering the money I lost. I used to be like you, always following signals in large groups and open orders according to their signals. But after a while I realized I was a fool, I never trade!
In order to be profitable in trading, we need to learn for ourselves and indicators. Only use the indicators that you trust the most. After selecting the tools, set the plan for the amount you are about to trade, which is the most essential management. Then follow the plans you have laid out. That's the formula and the steps that helped me to trade successfully in the last 3 months. Hope it helps you succeed.
That should be, no one could make you grow and become a successful trader but it is actually YOU. In this tricky market, following signals and other trading groups will eventually leading you to nowhere and even drag you the worse ends. That is why they created such groups to manipulate the market and fool us, but not the intent of helping new learners. I'm glad that you have finally noticed it and that newcomers will also realize how important it is to have confidence. And not relying on other's hands to help. True! The only advice is that you have to make it yourself! Investing your time in learning the knowledge, reviewing other experiences, studying skills and techniques such as chart analyzing skills, market analyzing skills,.. It is very important to know that you can't rely on trading signal groups. Those groups may bring you some profit, but overall, it is created to work based on the creators' interest! |
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Those rankings are mostly paid. I don't trust any scores and prefer to judge myself, after personal experience and researching of the subject. Other brains will never replace yours so that work on your own opinion.
Yub! Personal experiences, instincts and knowledges are really important and helpful in doing this business. I don't usually trust any comments, rankings or opinions even in other circumstances. I prefer to explore anf study myself. I'll take others' experiences and comments as references. |
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True!!! Traders have to be aware of frauds themselves. There's no guarantee in this market. People have to gain the knowledges, experiences or even feelings to avoid frauds. Those websites that you provided are really helpful in the first stages of deciding to invest time and works in a bounty campaign. However, it doesn't guarantee that you'll get award after all. A little bit of luck will help you there lol! |
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with more and more business getting onboard I would say it is in the future. it cant be used for investing and people who wants to invest still find safe haven in other crypto. it will probably be used for digital transactions in the near future but there is something lacking thats keeping that from happening.
stable coins are already being used on online transactions because of thier stable value but how can you say that they lack of something ? what would would that be . maybe support for online platforms because even if they are stable , i cant still find usdt on most sites that ive been visited before . i heard usdt have some legal issues too and that could be true because usdt is linked to fiats/banks . maybe in the future those restrictions or known issues can be permanently sorted out then it safe to claim that stable coins are the future . You're right. Fiat money is the best method of payment right now due to the wide recognition. That's also the problem that crypto money is facing right now. In order to be an effective currency, a currency has to keep it value stable overtime and also have the wide recognition. In my opinion, the reason why many nations don't accept crypto money as a method of payment is that their citizens aren't familiar with this kind of payment. Also, governments have to keep their fiat money in order to control their economy. |
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Bitcoin control the market, a typical red or green day for bitcoin bodes the same trend for altcoins, an altcoins bullish season or run will not be possible unless we first have a bitcoin, the correlations in bitcoin price and those of altcoins is always positive
Yub, it's just same as the effects of US Dollar to the others national currencies in the world. However, it's really hard for altcoins to dominate the market without depending on BTC in the first stages. In my opinion, the only coin that may have the power to get over BTC is ETH. Unfortunately, ETH hasn't been creating any tremendous changes over the last few periods. |
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In a hurry and want instant profit, that's a fatal mistake made by newbie. That's what makes them easy to get caught in fraud, looking for shortcuts without really wanting to learn this ecosystem before, when they lose will say: the crypto world is very dangerous.
If they ignore this fundamental thing, even choosing top altcoin will still put them at great risk. Imagine if you fight without a weapon. Only rely on luck? can not. You will not be able to pass natural selection if you cannot adapt and learn the best way to be able to take chances.
It's accurate! Coin trading is just the same as other jobs. If you want to be successful, you have to invest your time in studying, learning, and exploring the techniques as well as others' experiences. A lot of people think about cryptocurrency market as "easy money". They think they can throw the money to the market and wait until it makes profits itself. However, even the top altcoins or even BTC or ETH can't hold their values constantly over time. The coins' value fluctuates with a great amplitude. Hence, you really need to understand the way it works before investing in order to avoid losses. |
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It not the end of bounty campaign Ill think you can say that because these happening right now that have so many bounty campaign scam in this forum. Actually we can find good bounty campaign we want to find them are have time to search of them, Even do one of us in here are trying to search a good bounty campaign and want to earn more in a bounty campaign.
The only problem that you face is that you involved in so many scam projects. Therefore, you couldn't trust bounty campaigns anymore. I usually invest a lot of time to do research about a campaign before doing it. You should check any background information that the bounty team provided as well as their plan. There's no particular way to check whether or not a campaign is scam. However, doing research plays an important role in joining a bounty campaign. It can't eliminate the rist of being scamed but it reduces the risk. |
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Please let's all stop taking top exchanges as coins pumpers, just because a coin is listed on binance doesn't mean the surge will always be like it is forever, Binance makes sure of the following
1. Legit projects
2. Good volume
3. Good liquidity
4. Profitable launchpad
What binance doesn't guarantee
Keeping surges alive when it all depends on team continues developments, how is binance responsible for this? Even binance had to burn BNB token supply to reach a valuable target, binance won't control the team of the projects listed on their exchanges for Christ sake
Let's stop treating binance like volatility proof
This is so true. There's no guarantee on keeping the value of coins on Binance exchange platform. Let's look at it just like a stock exchange platform. To be able to determine the potential as well as the threats on cryptocurrency required a lot of techniques that traders need to know. There's no such easy thing like look at the buying volume and liquidity on Binance to make a decision on investing. |
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Yes! you can by sending them to unknown addresses but as you can see, this method requires you to pay some transaction fees. this is the only method that works. But keeping them in your wallet would be a good idea cause what if their developers will continue the project 5-10 years by now? that would make the price of their dead token pump and what if their price became like the other top altcoins in the market? and you have a huge amount of it. that would make you a millionaire in no time. If you are annoyed by looking at the huge list of shit coins in your wallet, better to make a new one and preserved that old wallet maybe you can just open it once every 6 months to check.
LOL, it's funny that you believe the "dead" token teams would continue their projects sometime in the future. It's good to be positive but sometime we need to look at the truth. No offend but cryptocurrency market has a lot of scam and that's what we need to accept. The more profits, the more risk you have to face! I'm a perfectionist so it's so annoyed to look at a huge list of shit coins but what else can we do? LOL :> |
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Personally I think both of those two cryptocurrencies (ETH and BNB) have significant impacts on the cryptocurrency market. However, if I have to choose one to trust, I would choose BNB. Even though ETH is the second biggest coin on the market after BTC, BNB is doing really good on following their plan. BNB is planning something bigger than what we could see. I feel like ETH stops trying to gain their power on the market.
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Hello everyone. I am homlos from the crypto community. After a long time to observation and think on the underlying operating mechanism of cryptocurrency, we propose a new mechanism of the two-phase-proof -of-work. Thank you very much for the discussion and join the project construction. In the Bitcoin network, as the computing power of the mining pool continues to increase, individual nodes can no longer independently participate in mining. Individual miners can only participate in mining by joining the mining pool, which completely deviates from "one-CPU-one- vote" vision. In essence, a mining pool is only equivalent to a node, monopoly mining is very terrible. In addition to unfair incentive, monopoly mining is possible for mining pools with greater computing power to be actively or passively carryed out attacks on the network, resulting in the collapse of the entire system. We believe that in the Bitcoin network, the formation of the mining pool is inevitable, because in the proof-of-work mechanism, the miner can outsource part of his work to other miners. The cooperative mining between miners is obviously superior to non-cooperative mining. The traditional view is that the formation of the mining pool is due to the ASIC. We believe that this is not the key reason. Many existing projects eventually formed the mining pool after adopting the anti-ASIC strategy. The strategy only limits the growth speed of the computing power of a single node, but the advantages of cooperative mining are still obvious. In the traditional proof-of-work mechanism, we believe that cooperative mining is inevitable. This is because there are no puzzles can’t be outsourced. We propose a two-phase-proof-of-work mechanism to solve the problem of cooperative mining. We introduce a concept of lucky in each round of mining, that is, miners rely on luck to mine. We split each round of mining tasks into two phases of proof of work, the first phase is a lightweight task to complete the calculation of the luck , and then calculate the difficulty of the second phase of the mining task according to the luck, The higher the luck, the smaller the difficulty, the smaller the luck, the greater the difficulty. The second phase is to complete the corresponding work according to the corresponding difficulty. We can prove that under this two-phase-proof-of-work mechanism, the expected output of miners' cooperative mining is lower than that of their non-cooperative mining. This is the key to achieving "one-CPU-one-vote". Whether each node belongs to the same miner, it will choose to mine independently. In luck network, the systemic risk of the network is no longer a 51% computing power attack, but a 51% node attack, that is, a mine owner has mastered more than 51% of independent nodes in the entire network. Attacks are destructive to the system. But obviously, it is much easier to master 51% of the computing power than to master 51% of the nodes. In addition, for the two-phase-proof-of-work mechanism, if the number of honest nodes in the whole network is enough, for example, more than 1000 nodes, even if a miner has mastered 51% of the nodes, he wants to make a profit through a fork, he needs on average to mine 1000000 blocks to catch up with the main network, which is a huge cost. For more information about the project, please refer to the white paper : https://github.com/luck-coin/luckcoin/blob/master/White-paper/luckcoin.mdIf you have any questions, please feel free to contact us at Sherlock.Holmes.luck@protonmail.com. Thanks for your help sharing. I like this mechanism of action. Does it look like it will be better than Bitcoin? I also don't understand 51% attacks, can you share more information about 51% attacks? |
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Wow they got some exchanges with a very short time. I personally use trust wallet since last year and I must say everyday I fall in love with it. So handy. Although I missed their own token, like I have only 100twt token and can't withdraw as it's must to have 500. But hope it will do a great job.
I also like you. I missed the Trust Wallet airdrop. Personally, using Trustwallet is useful and handy. It is like Metamask on the phone. It is easy to use and manage. Their UX / UI is excellent, I can use it without any documentation |
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I think fiat will survive because the concept of physical cash can never be removed and i think we have to accept this fact but at the same time we will see crypto slowly dominating and increasing adoption so it would be like crypto having major share of global payments and remittance market in few years time so i think slowly we will reach to bigger avenues as far as crypto market is concerned.
I think in the distant future, humanity will gradually change from cash to electronic money because of its excellent solvency and security. Cryptocurrencies will be the main currency and the only currency that makes it easy to transact between people worldwide. |
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If altcoins aren't dependants on Bitcoin price or value one altcoin would have over throne Bitcoin, if it was a different story that altcoins don't rely on Bitcoin bullrun I believe Bitcoin won't be the 1st today, am I wrong or right?
I think your opinion is correct. Altcoins will surpass Bitcoin in the market as it is possible, altcoins have outstanding advantages and potentials. But, Bitcoin has been proving its leading position in the market, which everyone needs to trade. In my opinion, it will take quite a while |
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Are we at the bitcoin bottom already? Ethereum falls pretty hard today just because Bitcoin hit 9110$, is this just a correction or the coronavirus at play again? I'm thinking about buying back BTC right now
We can leave the Coronavirus to what's happening in the market, the market has bounced back months after the pandemic, although we are still in the correction period, the market will eventually show it's strength, before the end of the year, the picture could have been much different if we do not have this pandemic but the end results will just be the same. That is very true. No one wanted a pandemic to happen but eventually it came. The market is very difficult to recover because it depends on the world economy. Currently, the world's two leading economies, the United States and China, are still struggling with the pandemic. It takes at least 1 year for them to recover the economy, then the market can recover |
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