I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.
That you are absolutely right mate. It was not the capital that saves us from losing but it was the knowledge and strategies. Instead of focusing on increasing the capital, it should be first to learn about trading and gain more experience. In fact, we can find a way to increase our funds and it will grow once we are in profit but that seems impossible if we are lack of knowledge. And these people must have to change their mindset otherwise, there will find it hard to succeed. |
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I believe that earning passive income is the main path to financial freedom. Various altcoins and their projects have established various strategies for their investors to earn passive income, but not all are as effective or easy.
What crypto projects have the best features for obtaining passive income?
Sorry but don't just think that investing in crypto is considered to become a passive income that is because of its volatility and risks. Though we know that we can make a good profit in here, however, you can't get assurance from this. You can actually make this as a source of income, we surely know that but that is just like that. And besides, many were also in losses and disappointed by their expectations. To have financial freedom is not all about having a passive income, but is all about having multiple sources of income and crypto have such potentials. |
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As much as I plan to think it's scripted, looks like the emotions are genuine and true.  The punch from Canelo is a hard landing. Caleb Plant receives a cut on his below right eye. It wasn't well defended even it's a predictable move by Canelo. There will be lots of the same punches that Plant will expect to receive in the fight. Not just a cut on his right eye but maybe multiple damages. He better be aware. Promoters will not take a risk of altercations to attract more sales and hype the fight, it's already hyped with so much news coming up in the last four months it's real and glad that the punch is not that solid to badly hurt Plant, there's already news in UFC where a fight did not push through because the other guy was hurt because of the push he received from his opponent. Things like this should be avoided if they want to fight they should do it in the ring not in a press conference. They may not but it would affect their investment if they will not take care of their fighters. You know, it's the promoter who spent to make this fight happen or say the preparation of the fight, so if someone gets injured and the fight is cancelled, it will be a big loss of money on their side. |
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I知 only now seeing today痴 news about crypto.com being the jersey sponsor for the 76ers this year and releasing a line of NFTs. This is so crazy. Crypto has come so far it痴 hard to believe. The overall industry has really thrived in a limitless environment. No doubt a lot of basketball fans will be buying crypto to get NFTs just because of this brand deal.
Great news, I thought before that crypto will only be recognized because it's used for sports betting but now it's a real adoption and an NBA team supporting crypto, I think it's a huge thing as it could attract the public to invest, especially the NBA Fans. I would say this is just the beginning, more sports organization will eventually adopt into crypto and crypto market will become more stable in the long run. |
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Hello. All. Actually first I come in this space (crypto) in 2017 where btc was $1.8 K to $19K. Right Now Btc is approx $35K.This was really a very interesting exp. for me. Today, i was though t Crypto should be in the Syllabus of students all over the world because there are lots of opportunities in this pace for Young Generations.
What your Opinion for the same?
It might be a great work if our government include in the syllabus the Blockchain technology . The government should clear knowledge and how this technology work and donate the world economy . If our government want to keep up with the times must know about Blockchain technology . World Chang world's economy and system changed so at list in graduation digres's syllabus include the digital currency or cryptocurrency . We just need support from the government and let the school educate these young minds in order to understand the importance of this new technology, I think this was the best strategy. As continue to spread the truth about crypto, the more clearly they understand and encourage them to adopt the system. Many people still doubt that was because of misinformation, lack of knowledge, and due to negative thoughts that they've heard around, they rely on rumors, not the reality. If this will be a part of the schools syllabus, this could enlighten their minds and eliminate those negative thoughts. |
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It's not enough that you have a big capital, what if you're stupid in terms of investment and in terms of managing that capital, then it's all for naught that you have a big capital in trading and you don't know how to grow your money at a maximum benefit.
And at the end of the day, they all gone out of control and lost all of it. Thus, having huge capital have that huge advantage as well but it doesn't mean that we are sure for a profit, it still depends on how we work on our trades and manage it so well. I definitely not to say this is a game of capital but probably this was a game of knowledge and skills. Because even you have that small amount in trading, we can make it grow if we have enough knowledge and extraordinary skill to help. |
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I think it was natural for Canelo to get emotional and throw a punch at Caleb Plant at the press conference, because at that time Caleb Plant had insulted Canelo's mother, I think the boxing committee should now forbid the fighters to say these things Bad things that are racist or insulting, religion and family in the faceoff session, but with this incident it is certain that the fight will be an exciting and bloody fight because of course Canelo will repay the insult with all his abilities in the ring later.
Canelo has not controlled his emotions that time and it might worked against him during the fight, I hope not. Outside the ring, you can say anything you wanted to say and no rules prohibiting you to do that so i guess it would be just on fight night that Canelo would avenge everything that Caleb has said. With what had happened during the press conference, I think tickets would be selling like hotcakes. Thanks for the update, I just have to see it in youtube, and see this video. https://www.youtube.com/watch?v=UfgY4-59ZxQThat push of Canelo says that he is really strong, though Caleb Plant looks taller but Canelo's strength is pretty evident. I think this will make more fans excited, and you are right, that would result in higher ticket sales. They'll see in the ring and I predict a KO. |
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The "true" bear market should be able to come after seeing the next bull market first. We have already got out of the last bear market I think. The market was in a poor condition some time ago and started recovering really quickly. These days don't seem very different too but I don't believe that we are in the bear market again now. This must be only a price correction, nothing more.
We already enjoy the bull market, and yet we have not seen the bear market yet, so probably this is already the bear market or probably just to test so the weak hands will panic. It's hard to tell actually, just be smart especially if you are a short term investor, don't panic but look for timing all the time. |
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Depending on the type of trader, is your trading pattern that will determine if you have to give it your total attention for example if you are a long term trader you don't really need a total attention before you buy a coin just do your research first then if is a good coin to buy at that particular price then you can buy and hold, If you are a medium trade you don't really need total attention but you have to give it more attention than long term trader, if you are a day trader its need total attention because you have to be checking the market constantly and if you are a Scalping you need to give it total attention to be successful because your trading is within minutes or seconds. So depending on you strategy that will determine if your trading needs total attention.
It is refreshing to see the honesty of some day trader in this thread, it is true that you can make more money with day trading than with any other form of trading, but at the same time not only it is the hardest at the same time it is incredibly time consuming and you need to watch the charts all the time, this means that you are in a perpetual state of alert, and while this may not seem like a huge deal for some people this generates a lot of stress and over the long term this can have important consequences for your health. Day trading is more stressful than long-term trading and that is why many will choose long-term as they could still make another job together. But if we are in Day trading, you may probably be facing almost the whole day in computer watching on the market, do analyze, and etc...If this will be the life we've chosen and happy with this that certainly, we need to accept that we need more time in trading than in our social life. Even having a little time to spend with the family. But if you have no job (especially this time) I think this was the best thing to do. |
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This isn't a huge dump, this is a normal correction that we have been fond of. And if this is the sign of another season, we do not know. What we can be sure of is that there's a following recovery after this and I'm looking forward to that.
The time that the market has corrected, this is another good reason for everyone to start buying.
I would say it's huge because bitcoin is already down more than 10% and what worries me is that the dump still continues. I just check in the exchange I'm using ( https://www.binance.com/en/trade/BTC_USDT), and the 24 hours low is already at $39k level, if this would not worry the short term investors, then they must be strong enough to believe that it will recover soon. After bitcoin hits over $50k, and now it seems like it's going down again and probably it will go lower then this year's low if the trend continues. The rumors are strong and it affected the price pretty bad. |
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Ben Simmons now officially not reporting to training camp. Seems Vegas is betting he値l be on the Minnesota Timberwolves before the season starts. I知 still thinking Sacramento but we値l see. I was surprised to hear JJ Redick retired officially today also. One of the better shooters in NBA history. He値l be missed.
Here is the official announcement from Reddick: https://www.youtube.com/watch?v=MoZzAbwgRcU&t=1sGood 15 years for him, one of the best three point and free throw shooter we have in the last 10 years or so. I'm not surprised by Ben's move, he already made it public that he doesn't want to play with Sixers. The only solution for both, Simmons and Sixers is to really let him go and be traded. True, the more they will hold Ben, the more their roster will struggle. He should be traded before the season will officially start, and I think there's still a lot of time to do it. Ben, I would say is a big help for the team, 76ers would not be a playoffs team if without Ben's contribution as well, it's just that he also has a weakness and the coaching staff was not able to improve it. |
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Bitcoin price is still below 200 Daily MA/moving average which means very weak. Is this the time that we can see bitcoin below 40k$ or back below 30k$ is there something wrong or negative feedbacks that cause this dropping of the price? Do you have an idea about this dropping guys?
We really don't know, that is the reality. We can't just rely on the news or any FUDs as I'd never heard any but have to consider this that any drops and pumps will certainly come at any moment and not a thing to worried about. Perhaps, I was expecting this to come. I know some didn't happy with what they saw but can't deny that some were also praying for this just for the sake to let them buy coins at a cheaper price. This is gonna be an opportunity for them, right? And if we have money, may we could take this chance as well. |
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Dip hours/season remains one the best moment for those who haven't yet started investing to invest but truth of the matter is the fact that they still get grasped by fear.
Fear and doubts are the things that we do always mind about nor able to feel when we are already on the situation because we dont actually know if we are already on the bottom or not and its just normal that people would really be seeking of for the lowest price as possible and thats the reason on why we do keep waiting and wanting for us to enter on most lowest price at all but due to unpredictability of the market then we would really be always have that question mark in our mind and this is where risk management do differ into each person. That is very important for them to clearly understand the situation first before getting into the word Investment as this will also cause fear and doubtful minds. We've heard many people blaming themselves for not investing in Bitcoin before but this has become repeatedly happened. But I understand that investing is not in the minds of everyone, some will think it was risky and costly, and sometimes to lose. We can neither stop some people to think negatively as it was common nature, they have the freedom to choose, that is the reality. |
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The market seems to be bleeding now, Bitcoin is only down by 8% at the moment but major altcoins are down double digit. https://coinmarketcap.com/Will this be the start of the bear season? We haven't witnessed a long and major dump this year yet, so seeing this might cause some panic especially on the altcoins holders as they are the ones who will significantly be affected since we know what would happen to altcoins if bitcoin struggles. As per Binance exchange, the 24 hours low of bitcoin is $42500, so what's next? https://www.binance.com/en/trade/BTC_USDT |
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It's good to think about this, meaning that you focus and don't rush to see dump conditions and pump harder on existing coins, basically this kind of thing happens almost often in crypto, even worse than what is happening now, for beginners things this becomes a big problem if a dump occurs, even though almost every time this happens in the crypto space, if panic cannot be handled properly, then the investment opportunities made will meet with poor results, because investment is actually a pattern of seeking maximum profit.
Newbies don't have the mentality when seeing drastic dumps in the crypto market so they decide to cut losses to avoid higher losses, actually we don't need to rush to respond to market crashes because volatile markets don't cause prices to stabilize all the time, sometimes markets need to break to achieve even higher improvements in the future. Easy to say on dont panic sell even experienced or veteran ones do really been affected with this which its normal that we do really have that kind of reactions.Due to unpredictability of the market then its normal that you would really be panicking specially if you dont have sufficient knowledge but once you do have this and able to aware on things in the market then you would know on what are the things that you should do on at least lessening the risk that you could really able to experience. But you have to stay composed, this is a risky game, if you lose that composure, you will panic and will make a bad decision. This is the moment where some investors do panic selling, so I guess the right way to counter it in a positive way is to do panic buying as well. |
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Greetings, Trader. I'd want to learn a little more about you. If you're a trader, you may talk about the best trading cryptocurrency on the Kucoin Exchange here.
Why you wish to mainly talk about Kucoin Exchange? If you are into trading as a newbie, then I would say, choose the best coins first then choose the exchanges where they are traded. Mainly see in which exchange trading volume is too high, see fees pattern and keep updating yourself everyday on whats going around and in the market. If you have enough money, choose BTC or ETH for a long term profit. We have other good coins as well like BNB, MATIC, XRP, XLM and so on. When going to trade, the first thing we pay attention to is the selection of coins that we will use, after that we can choose exchanges for trading. Because choosing the wrong coins for trading will make us lose, not all coins on popular exchanges are good for trading. So it is very important to choose the right coins for trading. After finding potential coins, we start choosing a place to trade, Kucoin is a pretty good exchange for trading. But I recommend using Binance, I see Binance has more choices of coins than Kucoin. After all, there are so many coins listed on Binance that have the potential for trading, no wonder until now Binance is indeed the best exchange for trading. He chooses Kucoin instead and probably he feels comfortable using this exchange over Binance. Well, I'd never see any problem with it as it is all just the same strategy to apply. Maybe exchanges will matter as the trading volume will also affect the results of our trade but the most important is we are able to reach our goal and succeed. In regards to OP asking for the best coin to trade, I suggest choosing coins that seem it look more profitable and long-term. A lot of them, anyway and we need to choose wisely. Seeing a huge trading volume is my preffered. |
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When to see that coming?
Well, I think everyone never knows and I don't think it was very important to know that. In fact, we all might see that the market keeps on the bullish side. I was thinking for the bearish season after hitting the peak this year but the market remains positive and the market never shows such huge pullbacks instead of stabilizing it at $30k after hitting a 50% drop. I thought that was the start of the doom but the market is able to recover it slowly until today.
To ask that when? We only have a slim chance to see it again. And probably not this year anymore.
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Some country are now accepting bitcoin as currency and the billionaires is now hoarding thousands of Bitcoin. Should I wait for the success of El Salvador's implemetation of bitcoin before investing? I think if they become a more successful country by accepting bitcoin, others will implement too. There will be more investors and the bitcoin will be pump again? I just hope I'm not wrong this time.  Just look around on you, tried to search on the internet and you might wonder why some known personalities and billionaires are already investing in Bitcoin it was because they believe that Bitcoin could give them the expected profit. I know you're still not sure and doubtful about Bitcoin, maybe you should empty your cup and fill it with positivity then this might change your mindset. Don't just focus on what happens to El Salvador but rather make yourself getting busy studying and make searches about Bitcoin. |
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If he really has the vision to help their country to improve and address poverty, then he should act accordingly and help them. Maybe embracing crypto is not the solution to this situation but I think this could contribute some and that fees deduction using crypto/Bitcoin is a big help for them. The implementation will be hard if that is also supported by the community.
However, with the situation where internet connection did not cover the entire country, that something will face a huge problem and that possible many couldn't still enjoy the benefit it gives to them.
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For now Bitcoin and the majority of crypto markets still look to have some hope of going higher. This can be seen from the Bitcoin price chart which shows selling pressure and buying pressure from large investors. For now, the bitcoin price movement is visible, which could be a sign that the bitcoin price could continue to rise and could even reach a new ATH later this year.
The market is still bullish, we saw some big dump, but bitcoin is still here, again, it bounces back and soon we will be touching $50k again. Seems like this year is going to be bullish for the entire market, and if that will happen, we can conclude that we have a bullish year, probably the best year, better than the year 2017. |
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