The main reason seasonal traders do not end up losing a lot is because asides from having a lot of money, they actually know how to manage risks as well and they are not gambling their positions in the market. Talking about your uncle, the only thing I can point here is that he approached trading as a gamble with no strategy, got lucky at first and then reality kicked in and he ran out of luck.

What makes a professional trader one is their ability to be able to take advantage of the market, but even if you want to do that, you only need to have a good strategy and know how to execute it perfectly well without emotions and if you have none, you will definitely be screwed.

It doesn't have any indication at all.

Some countries are so poor that they show indications of credit card use because people can't afford simple stuff and that makes the card debts going a lot higher than it suppose to and many even default on their debt which leads to a whole lot of paper work for the bank, makes it harder to give out loans and than cripples the future profits to be made easily.

After all in some first world countries, where economy is great (not that there are many left in the world like that) rich people use credit cards and have very few cash because they already have a lot of money in the bank and the banks allow them to use limitless credit cards, type that could buy a plane with if you want and that shows credit cards are good for business there.

Hence, use of credit cards is not an indicator, credit card debt repayment is the key here, if the credit card debts are all paid than its a strong indicator that people are fine, if the credit cards are defaulted more than average then it shows they are poor.

This is big, this is much bigger than we think. IMF is an insanely big corporation, big enough to bail out countries that are on economic crisis, type of corporation that gives out tens of billions of dollars in loans to huge nations. This is not a small time bank or some tahiti sort of stuff.

If IMF is saying that banks should be getting decentralized digital currencies than that means the companies of the world and banks of the world are really close to getting crypto into their operations very soon. There is literally no more indicator needed to know that, if IMF is saying something, they don't say it out of their "wants" or whatever, they calculate it exactly and speak with math.

I was already gathering as much bitcoin as I can afford but right now I will do more to get more.

Even the name does not sound compelling as anything that will have a future, even though I know it is not always by name. Judging from a whole lot of things though, it is pretty glaring that this is a no future shit coin and I wonder why people even get to search out coins like this when there are so many fishes in the sea with long term potentials and not poisonous to get your screwed. The problem with people is that they are busy looking for quantity so that when they see some huge rise in value, they will be rich over night, but unfortunately, they will just end up screwed up overnight.

Yes, even if you are an experienced trader, there are actually some coins you will not even want to be bothering yourself about when it comes to how shitty they are. This is obviously a shit coin with no future and can leave anyone trading it to even be a victim of being a bag holder, knowing that in no way can there be anything tangible that will come out from this, so why risk it ? This is just some pump and dump material and nothing else and there is no single development at all for this coin except just part of the coins polluting the market.

There is no need to buy a house using ethereum and there is no problem using it to buy, as long as you find someone who is willing to sell his house for ethereum the price doesn't really change. Instead of paying one million dollar from your bank account to his, you will be sending one million dollar worth of ethereum from your wallet to his wallet, you can pay taxes on that in many countries as well so its not a problem at all.

Moreover, if you want to find a way to keep track of who owns where and what not than blockchain can help with the land ownership type deal and just get a government blockchain software that will keep track of who owns where that way, much better than the current cloud computer software they have.

Blockchain can really be helpful for many of the governmental offices if required basic infrastructures will be developed along with proper usage will be identified.

Asides OP, I want to believe a lot of people who entered newly at least last year, by now would have realized that this is just a phase of the market and it will happen again, but by then, it would probably be a different level, a different price in the high perspective anyway, and for that reason we all know simply that one way or the other, the price will definitely recover. What is just lacking for some people is patience, as the main reason they got into this space in the first place was to get rich quickly and that really deterred their judgment.

Price being calm and moving sideways does not mean that people are calm. A lot of people are still eagerly waiting for some action in the market, either up or down, and as far as I am concerned, that is not calmness. When it comes to investment, anyone who is not calm now and just be patient enough to wait for the future.

Plus, see the level at which this entire crypto space is going to grow, will just end up doing themselves more harm than good when it comes to the opportunities they may not be taking advantage of now. Everything is usually all about how you are able to play smart in every single situation that comes your way and see how you can benefit from it than complaining and whining.

Even though sideways market are like the toughest to ever predict on as the market could still end up moving either ways in the long run when the market eventually finds a clear direction, that is when we will really know if the bottom has been reached or not.

Although from all indications so far, it is still looking pretty good at least for now and for those who may want to be accumulating long. Not a bad idea as we have seen the support held several times for some reasons best known and with good bounces and volume, the bears look like they do not even have much strength anymore, so let's just hope and believe we are out of the bearish trend already.

But it is definitely looking bright for now, with coming December the bakkt will start doing what they do and the 29th December is the time that SEC will decide upon the EFT deals and all that, I think the early days of 2019 looks bright so I would definitely suggest buying right now. However if you want to maximize your profits I would suggest buying some altcoins as well so you can make bigger profits from the higher potentials.

Altcoins can go as much as ten times what they worth right now, probably not all altcoins but some of them look like it could and definitely has a shot at it. Do not invest all your money into that but if you want to buy bitcoin spend half of your investment to bitcoin and quarter of it to ethereum and rest on it to some altcoin you think has a chance definitely more than just one.

Don't worry about missing out on a bigger opportunity. There are either always better ones out there you can get in or you can just be happy about the money you made. Sticking with a coin for long enough would make you either rich or poor compared to which direction it goes and instead of holding you can try to diversify.

If you spent 100 dollars for it and made 1000 with it than you can divide it into 10 other investments, even if some of them sucks there will be some that will make you money.

Making money with ICO was easy back in the day thanks to that, people realized the more things you invest into the more chances of hitting big you had. Kinda like trying to shoot arrows, you can miss your only chance but if you try 10 times one will eventually hit, at least will have a higher chance of hitting.

You don't have to invest into a fluctuating market if you don't want to. People invest into bitcoin for two reasons, one they believe in the project itself and how big it could get, two they believe they can get rich over night or at least faster this way than any other traditional method.

Markets do go crazy time to time but that also means you can spend a little amount on some small coin and come out a millionaire one day, it doesn't have to happen but if you check coins like IOTA and their ICO prices and than their all time high prices you can see how much someone could have made from it if invested at the right time and got out at the right time. That is what people want to achieve, they want to turn 100 dollars into a million dollars. Not many can do that and not many has done that before but there are few people who have done it and that is the motivation for others.

Bearish trend hasn't been around for the past 5 months, it is not a new news to us, there hasn't been a significant fall in the price since June and we are still here talking about when the price will go up. Maybe it won't go up too much or even if it does maybe it will go up 10 months from now, no one really knows what will happen to bitcoin right now, we know it won't go down too much but maybe it may stay like this for a long long time, that is the risk people are afraid of taking.

Some people are already over with bitcoin because they got in when the price was too high and when they saw the price go down this much they decided not to follow it anymore and sold their standings and got out. I still keep my investments in bitcoin as much as I can but I do not know when it will go up too.

Someone who knows when to stop is a key. Also it depends on the game they are playing, if someone is gambling on something like dice than he is not a good gambler to begin with, never play any games that has odds turned against you to begin with. However if they are playing something like poker than they have a chance to win as much as anyone and it all depends on skill but also luck as well. If a good gambler knows his opponent than he will react to him and not strictly follow a set of rules in his mind, change and adapt to whatever is given to you and whoever you are playing against. In any game like blackjack which again odds are not favored to you you can still use this talent to read and react accordingly and do whatever you please with the hand given to you. That will make you a good gambler.

You cannot even be passionate about something you know nothing about its potentials, its long term possibilities for growth and demand and so much more. It only takes what you understand to be able to realize it is something you have so much grown to see as the thing that would really change the way we do things when it comes to transactions in the future. Bitcoin price may not be exciting to some because they have failed to realize the potential of the technology it lays on, and the fact that this is a market that has been growing over the years, and from the looks of it, it has not stopped growing.

Unfortunately, even when the bull run starts, we will see the same people who keep coming up with topics of not being excited with the price of bitcoin, coming to tell us how the missed buying the dips and then asking if they can join at a certain price on the way up when we start seeing new ATH. What happens when you fail to have great deal of knowledge in the space you are in; is that you will end up making silly and terrible mistakes, which I believe for most people who really have no plan for the future; they will keep being in this category.

Well, in a way it is a good thing for those who may have one or two challenges when it comes to being able to handle bitcoins on their own and possibly the banks will come up with some incentives and some features that will make some probably want to have a rethink about it.

Banks have been ripping us off over the years and indeed they just do not want to stop ripping us off as much as they can. It is pathetic that some people can even be considering the idea of keeping bitcoins in a bank when they can simply just be their own banks.

When it comes to adaptation to new technologies, there are certain people who find that extremely hard to be able to achieve on their own, and one of the reasons some would still prefer to go through the traditional way in as much as they want something to do with the space, but all the same, it makes no sense.

Nonetheless, I just see this as a faction of those old traditional folks, who won't find it easy getting used to the blockchain technology, opening wallets online, keeping it safe and all that, and if banks could help bring those factions into play, then it is not a bad idea. It is not like they are going to be forcing anyone anyway, it is a service they want to render, and it is only if you are willing, that you will have to make use of it.

I am even surprised a lot of media are reporting it that way, but come to think of it; we are talking about the media here with all their shill paid adverts. If you want to trust anything in this life at all, media should be the last thing you should be putting your trust in and banking your decisions on.

I have always been a lover of EOS since they decided to switch to being centralized which is how I see things right now. Sure, they are trying every means to use marketing to push their project out there, but that is how far it can get, a time will come when people will see the reality and know that it is not worth it. It is not a bad coin or a terrible idea of a project backed coin, but I still don't see that much in the long run when it comes to usability and that is what counts, not just some hype.

Making profits from trading in general will require skills and knowledge as it is this skills and knowledge that will determine the way you will be approaching each market in the first place. However, that is not to say that bear market is a lot more difficult than the bull market, as that is something I know a lot of people who are familiar with the market must have witnessed.

Moreover, when it comes to trading the bear market, it just does not require strategies, it requires a lot of discipline, considering that you are not looking for the best profit, you are only trying to pick the little you can with a good risk management.

To trade any market at all, you need a great deal of knowledge, however, we all know that what sets people apart when it comes to trading is their ability to trade even in the worst conditions which in this case is the bear market and not the bull market. Usually in uptrends or bull market as it is so fondly called, even a novice who is just coming into the market can make good calls, but it takes someone with a good strategy, principle and knowledge to be able to do well in getting something substantial from a bear market.

It is not a bad point actually, but what I would do is to basically test the two and see which one would actually make more sense eventually, when it comes to faster transaction as well as fees. Sometimes, you may not really know how effective something is until you at least do some comparison. For me, what I would do normally is to first send part of the bitcoin transaction to the other exchange, and then go through the process of trying to exchange to Nano and then sending afterwards before converting back to bitcoin. Measure up the time and the fees it takes you to achieve both, and you will be able to deduce from there.

A trader that is not disciplined is not a good trader, which is just the plain truth. It is one thing to have the skills, strategy, knowledge on how to trade, and it is another thing to work on your mindset on the way you approach trading. A lot of people approach trading like they want to make all the money they can make in a single trade, some approach it with emotions that even with their strategies, their ability to execute it perfectly becomes a challenge and so on.

To be able to deal with stress, there are some things you need to tell yourself when it comes to rules on your approach, and how you execute your strategy, because if you do not do that onset, the chances are that you will flop.

That is always the thing with learning how to trade,all by yourself. Most people do not always get that gist, and are usually always looking for shortcuts or easy way out. Sure, bots most times can really help you to trade when you may not even have the chance, and execute your strategy without having to apply any form of emotion, but the thing with bot is that, there are some times, that you may need to fine tune those strategies based on the condition of the market, and trust me, bots don't care about that. The best way to trade, is to know how to trade and you cannot have the technical know-how without learning as much as you can.

It is not bad to follow people to get some news on possible analysis, but be very careful who you want to be following though, as it is not every analyst that knows what they are doing.

Also, if there is a chance to at least learn on your own, it is always a good thing to try as much as possible to do things by yourself, and even if you want to be using other analyst info, you are just using it to back up what you think and not just following everything they say as it comes. I am sure this year has given us a good time to start accumulating, no one knows what 2019 will bring, but however it comes, I so much believe worst that would happen has already happened.