i am new in trading . i want to start trading . what advice you should give me before i start in live trading?
There can be a lot of advice here. But I advise you to read the book Reminders of a Stock Operator, it is one of the best on the subject of trading. After reading, you can start trading. The success in trading is in the combination of knowledge and experiences. Nurturing the mind with helpful information and learning from the experiences. Trading needs more preparation and acceptance of the reality that losses and risks are part game and taking proper actions to get through to this kind of situation. Learn more and gain not only knowledge and skills but profit. According to the market we observe a stable market and in this stable market you have to invest more and more as the market is stable at low market and the value can jump anytime in the upcoming days. The market has been stable for a long time and now the actions and factors are changing in the market that will result in the high value of Bitcoin or in other words a sudden jump will observe in the market soon. |
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Losing your hard earned money on trading is one of the traumatic experiences that might happen to you. This is usually happen when you are so bullish on the coins you are investing. Here are my thoughts on how to redeem you from this kind of experience.  1. Acknowledge that you did something wrong There are no other ways to start the process of redemption by accepting the fact that you made wrong decision. You need to accept that every once in a while we do poor judgment. It is important; when this thing happens to us we are ready to humble ourselves that we committed mistakes. 2. Identify the problems
a. Lack of experience – I was a successful trader in stock market winning mostly of my trade. But playing here as a day trader in crypto is something new. Your success in stock market doesn’t guarantee you success in BTC. b. Playing aggressive – Since I have too much ego in my head I put all my money in one coins only. I didn’t consider altcoins to hedge risk from BTC. There are altcoins who doesn’t affect much by this massive correction. c. Didn’t follow my trading plan – Foundation of trading practice is to follow the plan you have originally set. Your exit strategy is one of those important decisions you will made. It composes of selling and cut loss strategy. 3. Courses of actions a. Never stop growing (learn the new market) – In every new things to we do it is very important to know our strength, weakness, opportunities, and threats (SWOT). Money is involved in every trade which make, which gives us reasons why we need to study the every aspects of cryptocurrency. b. Follow religiously your trading plan – There some trader who doesn’t have trading plan, in my case I have one which was not followed. Trading plan was based on your personal experience in trading. In time these plans was polished and test its effectiveness. If followed properly chances of success are increase. c. Never stop trading – If this single defeat dictates me to stop then the real loss will happen. These circumstances should ignite us to continue, make this experience to hungrier for success. d.Diversify your portfolio – Never do all in trade. These will gives you room for another alternative once the other coin doesn’t do well. Balance your portfolio composes of your well research coins. After careful assessment of my situation, I believe that once a trader will always be a trader. I may lose sometimes but will rebound harder and stronger.
Remember merits are perishable if not useIf I lost $ 2,000, I'll still invest, I'll cover $ 2,000. There are many ways to get rid of $ 2,000, when we are just waiting for our invested currency to recover our investment losses, we are not always losing money, we have a successful investment day too. It is a part of the business and it is a bit risky businesses so do not worry. I have known many people who lose in the start when they enter the business but work hard to understand and learn about the technology they are investing in. As a result, they regain the lost money and even make more money as compared to the money that was lost in the start. Do not worry, stay focused. |
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do you think that to be sucesfull trader one needs to be lucky or not but rather work hard, learn etc. my opinion is that luck plays big part. i know i myself am not realy somewhat enough lucky in lottery, gaming and similar. evan worse, used to be highly unluck to the point i would feal the world is going against me on purpose. i know some people like me, who simply cant succide evan if they work extra hard, like givin more then 100 percent. something happens, always. so you can see how realy bad fealing it is when it happens over and over again, to the point one starts to cry. then the oposite ones. ones who simply have lucky hand. so which one are you?, or do you evan think there is such thing as luck, and does it play any part in this cryptogame?
to be a successful trader, you need to work hard. But the crypto-market often surprised us with growth, therefore I believe in a happy case! There is no doubt in this fact that crypto market is highly volatile and it demands you to stay alert most of the time in order to make money. The thing is that this market cannot survive without the tremendous fluctuations it shows and the reasons are crystal clear. Volatility is important in order to make a perfect place for buyers and sellers in other word for traders. I won’t support market if it becomes stable. |
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To avoid the bad effects mentioned in the OP Bad Effects:
*Big loss
*Increased on your debt
*Loss jobs
*Depression/Stressed
*Broken Family/Failed on relationship
*Insufficient Funds gamblers can do the following: *Big lossYou will never experience a big loss if you play responsibly, which means risking only amounts you can easily afford to lose. *Increased on your debtTo avoid this you should never ever borrow money for gambling, even $5, it is simply unacceptable. *Loss jobsThis happens when a gambler is fully addicted and can't think of anything but gambling. He/she can't concentrate anymore on doing things which are necessary for surviving while thinking that gambling can solve all the problems. To avoid this situation, one have to understand that the "possibility" of living solely from gambling is an illusion which was shattered many times by different wise people and by gamblers themselves. you just have to google it. *Depression/StressedOf course constant losing leads to depression, but gambling is gambling, you can't lose always, sometimes you win. But to be able to play in those times, you shouldn't lose everything during the days of bad luck and that's why you shouldn't risk big amounts ever. By following this way you will never win a lot, but you will never be depressed either. *Broken Family/Failed on relationshipIn some cases this happens even when money isn't a problem. Don't spend more time on gambling than on your loved ones. It is easy to do when you are not regarding gambling as a job which can bring money to you and to your loved ones. If you are regarding gambling as an entertainment, it doesn't take a lot of brains to understand that it is unethical and ugly to constantly entertain yourself while paying little attention to others around you. You described completely the effects of gambling. It means that negative effects are more than positive effects. When something is bad and the end is worst you should keep yourself away from that thing. A gambler has no respect in community and even in his family. Gambling is the mother of crimes and no doubt gamblers have all bad habits. Whatever you had said here, this isn’t wrong. But the problem is our people never listen to anyone else. They think themselves as the wisest person on the globe who have the highest rank of wisdom. This need to be understood by the gamblers that once they know it better that gambling would never create positivity in them and in community so they must leave it. |
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the right moment to buy because bitcoin and ethereum are now still one of the great coins for purchase especially now that the price of the coin is decreasing it could be a profit and hold the coin until the price is high.
The best time to buy is actually the time when more and more people starts buying. The demand just rise the value of the coin you are investing in. Talk about Bitcoin. Two months ago the value was o think $6k or so. The value today is $8615.6. This is just because of the demand for Bitcoin in the market. The profit earned depends on the units of Bitcoin you may have. |
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MinexCoin (MNX)
Lunyr (LUN)
Loopring (LRC)
Matrix Network (MAN)
NEO
the projects I mentioned above have a very high quality team. studies continue actively.
MinexCoin is the best one! Hope new rates won´t cause many problems and MinexCoin will survive this worse moment. I would love to talk about two coins here. Of course one of them is Bitcoin which has been ruling the crypto market since a decade. It is decentralized and one of its kind. The risk factor associated it has decreased a lot and is a top spot for investment. ETH is my second favorite coin. This technology is also expanding fast and has a stable price. Moreover, holding some already owned ETH will payoff in near future. |
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I dont really need to have a record of my wins and lost on gambling , Before I am considering the loses I have that I need to regain and If I am regaining it I am making my game worst, I am having a greedy feeling about it and not being contented on the winning that I have and in the end I keep loosing because of the unsatisfactions that I am experiencing. Because of that I stop recording my wins and lose and Im happy that it has positive impact on my gambling experience.
I have the same thoughts as you. I never count the money that I have won or lost in gambling. Every day is a new gambling day for me and if I keep remembering the previous lost, it will make me to try to chase the lost money, which is bad for my gambling habit. This shows your immaturity if you really don’t have any idea about your loss and win in gambling because it will help you at the end to leave gambling easily. Now, you will be amazed that how one can leave gambling just because of having an idea that how much he has lost or won in gambling. The reason is that when he would lose the money that he can’t afford, he will think about his life and for good sake will leave gambling. I think it’s a good thing if you have made a record of your loss and win not only in gambling but also in other fields of life because you never can imagine that at what time in your life, you will need these records and if you wouldn’t be having such records maintained, it could lead you to some serious problem. Also, as you said it can play a role in leaving gambling by the gambler when he will get to know how much money he has lost. |
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Ripple is a scam dog, Its just a centrlaized excel spreadsheet. Ripple is not a real crypto currency!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This decision of making a choice in between any of the crypto coins greatly depends on you and that you need to make the right choice after having enough of the knowledge about the things. In my opinion, it is better for you to go with investing of the money into ETH as ETH is the second most popular coin after bitcoin and that it has a better chance of making you earn more money. |
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For me, this time is the best time to start buying bitcoins, because at this time the value of bitcoin is low. Because bitcoin is in a silly and demand basis. That is basically but when the price is low and sell when the price is high.
But today BTC prices are growing again, BTC price may rise in the next few days. That's the best time to buy. Buy when the BTC price below $ 9000. If on this price, your risk of loss is very high. This actually looks a good time to start again. I wanted to start three months ago when the price per Bitcoin was 6ooo dollars but I could not. Now when the price is more than 85000$, I still feel I should start. Such a rise in the value of Bitcoin has been attracting investors to invest in the technology. This demand is responsible for the valuation of the currency and has been giving good outputs. |
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The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?
A lot of people here are now gaining a lot of money from their profits with cryptocurrencies. One way to help economy is to declare your income with coins in you ITR's. Taxes collected from it would be a boost to our economy. This world can be made economically better for all if we try to solve some issues face by the people and even economists. The first issue is the in equal distribution of wealth. The wealth of a country is not equally distributed as a result of which the rich is getting richer and poor getting poorer. Besides, taxation needs to be reformed and the rich should be taxed so to use the tax money for the mutual welfare of the people. |
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Bitcoin, Ethereum, Masari, Monero, Iota
My favorite coins are Bitcoin and ETH. There are other coins as well but being a student of finance, I choose the ones with low risk, high output, high liquidity and high percent per unit profit. These factors have led me chose Bitcoin and ETH and the data supports my decision for it explicitly shows the probability of success in any business. Besides, both Bitcoin and ETH are rising high and promises future prosperity. |
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Like every parents want to leave something for children for their future.
Which investment is safe?
Bitcoin?
Stocks?
Real Estate?
I have saved them some coins and still those i am gaining for trading and campaign payments still for them,and the business I established is for them,anthe capital i used is from bitcoin so from here you should know my answer that its bitcoin will save the future of my children,but ofcourse with our guidance well, in fact, everything we do now is for their sake. so bitcoin or cash, the best we will give them. and they can take advantage of it, and get better. So, right now, either cash, or bitcoin, we should try to get it for them. if for my own better for our children's savings will be better in for two only money. which is half used as a savings account to the cash bank and the other half in bitcoin. because if the bitcoin of course we can also benefit in saving in bitcoin. Bitcoin is better but don’t all the money in bitcoin. Keep some in bank accounts so that if you need cash you will not need to sell your holdings. I will obtain both for my children because cash for their daily needs and bitcoin for their future. I think it is best idea to do something for family in the future. If their future will secure you will feel satisfaction, |
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OMG! btc prices continue to decline, most likely the price of other coins also decreased.
we need improvement in the face of this situation.
in my opinion 2018 really a lot of surprises.
Indeed, i do believe there is so much surprice in 2018. But hopely that surprise can not bring bitcoin price more drop because bitcoin price right now more than 50% lower than highest. With many surprise that we can not predict in 2018. I am better hold all my coin/token for long term because market still high fluctuation We saw a big surprise in the price in the beginning of this year in the shape of big lose. The price fell down from $20k to $6k. That was a big surprise and many investors lost their money due to this fall. Now it is expected that the price will once again bump in the coming months and we will see a big rise in the price. Let’s see what happens because I am also waiting for those moments. |
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hi peepz, we all know the declining price of bitcoin today since the start of this year, so i have made this thread for you to post ONLY positive things about bitcoin on how it affects your daily lives, please do sights some of your personal encounter using bitcoin in buying online or on a physical store if there's one. you can also post how you earn bitcoin using this forum.
if you are to post negative things about bitcoin, i believe you should not be here in this thread, there are other threads that tackles the disadvantages of bitcoin so please spare this one.
i believe that this should be helpful for people who have no idea about bitcoin. including newbies in this forum. who knows, maybe some smerit giver will read your post if it deserves to be merited depending on how helpful and informative your post is. so good luck to us all guys.
EDITED: please do not post statements that you agree on why i created this thread, what we need is the practical use of bitcoin today, just to avoid spamming posts that are already posted above yours.
We can help the bitcoin to improve its stability if we will promote it. I believe that many more people will enter to the cryptocurrency world to make investment with bitcoins. Let us help the bitcoin to become popular all over the world. Bitcoin is one of its kinds but it did not get the type of love it should have in the start. It was harshly criticized in the start and was thought of as spam but the technology slowly expanded its wings and invited people through its features to invest in the technology. A huge number of people have already invested in the technology and it needs to be promoted even further by the governments and needs to be legalized in countries where it is considered illegal. |
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I think that the main reasons are:
* gambler forgets that this is not a way to earn money, it's a way to spend time in a nice way.
* gambler tries to "recover loss"
* gambler believes that a winning scheme he has read about really works
That first one is basically the main thing that is applicable to almost every gambler based on most of the things I have always read on this forum and that my bro is one thing that is worrying. As long as they have that first wrong mentality, there is no way the remaining two will not always come to play ? The fact that they ended up thinking they will win no matter what since they want to earn from gambling will make them to keep pushing themselves more even while losing so much and hence subject them to trying to recover losses and trying t find better ways to want to win their money back as they end up losing everything. I am also of the opinion that gamblers’ minds must be filled with false hopes of becoming rich or else why would be they this much desperate that betting home and family members also appears nothing to them. They are after money and money is very addictive. A person who loves money does not even love himself. Gambling basically triggers greed and laziness in player. |
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Gambling can become a kind of avoidance to certain feelings and people get hooked on the instant rush of a win and reliant on this to avoid other negatives in their life. The addiction is especially negative where it starts to create or add to the negatives that they were trying to avoid to begin with. Where someone steals to gamble perhaps, they are on a downward spiral. I do think these people need help to realise they have made a misstep and need to turn back and go a different direction, there are some groups which try to help but its hard to unlearn bad habits like this. The Manilla case is especially terrible and suggests he should have got help a long time before somehow. Investigators discovered Mr. Carlos’s identity early Sunday morning, after interviewing the taxi driver who had picked him up near his home in the San Lazaro neighborhood of Manila and driven him to the casino. So pathetic, dont be a dumbass like this with no respect for anyone or yourself even. It takes a bigger man to just admit a mistake, quitting or whatever I give way more kudos to anyone who can handle themselves even as a loss. When you greed for making more and more money you will gamble continuously and the result will be not in your favor. There is no handling in losing. you will be upset and your mind will be empty when you lose more and more money. There will be no chance for winning is such situations. It is better to quit gambling as soon as possible. |
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depending on where you are. and surely everyone has different expectations. if you are a person who wants to buy bitcoin, then you would expect the price to go down, why? because, of course you want to buy it when the price is low. different from you who want to sell or who is holding bitcoin. surely you would expect bitcoin price to go up, because you want to get a big profit from the price you have bought before.
Simple if you want to buying/selling just dont some research news & try predicted with technical analysis but rightnow seem like Bitcoin phase sideaway iam not see about Bad news more than a month so i thinks with a few month maybe at agustus/september can break 12k-15k and going to next level if the trend continue. The 4th half of the year is always there to make bitcoin supporters rock the world and those who are old players of the bitcoin market will reinforce my statement. At the moment, though the increase in values is slow but the good thing is that it is increasing in value. We all need to do is that keep supporting and buying bitcoin in order to make it touch huge values soon. |
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It is very common for people who suffer so much defeat that they have a thought to quit such gambling. But, they still play. It is just a despairing thought of those who suffer more defeat than winning games. It happened once, but at that time I re-think what's wrong with the strategy that I apply in gambling. And well, a lot of mistakes I made and I did some research to fix it.
As far as I have learnt from my observation. Losing gambling games continuously stirs anger, frustration, desperation and pain inside the loser. Now money is a vital thing in today’s world and losing a lot of it can be disturbing. Most of the gamblers try to recover that gone amount by playing more bets. Moreover, I also don’t think that there are some strategies of gambling which can help the player in winning. it is very difficult to get a strategy to recover the big losses of gambling. but it is not impossible if we can re-gain losses suffered when we can reset any errors and improve the strategy that may be considered failed There are no such strategies officially introduced in gambling as far as my knowledge is concerned but if the gambler invents some sort of strategy that works most of the time when he uses it, then there is no problem with that if he uses it. Big losses can never ever be recovered back in gambling because winning is not only the part of game, you also lose and same will be the case when you will try to win back losses. |
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But for apple, which virtual currency is worthy of support and a bit murky, it also seems to have something to do with the flow and popularity of virtual currencies.
It depends on their well. Many big companies like amazon, eBay, Bedford have started accepting bitcoin. Hope that Apple will also start accepting bitcoin soon in the near future, because they know that people are turning towards cryptocurrency and the future is that of crypto. Therefore it is necessary to provide customers a platform for easy payments. |
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Is there any limit? What purpose are you making a portfolio? Use as you want, the money you invested in different currencies is your portfolio. That can be made with tow/three coins or even with more than twenty coins.
There is no issues I believe in sharing one’s portfolio or you can say the collection of coins. Here are many crypto experts on the forum and they can guide him or her in a better way regarding the collection of coins. There are certain coins that are worth holding for long time but others are just wastage of time. They could be used for trading and other such activities. |
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