Trading is risky in every market and if you are not well prepared you might ended up losing money.
Here's some example of the skills and things that you must have before you start trading:
1. Capital - Amount that you are willing to lose and you might don't need in the next 6mos. If you want good amount of profit, you can start with a higher capital but since you are just newbie start with small and invest big later on.
2. Knowledge - You must equip yourself with this thing and keep on learning because in trading you can learn even you lose money. You must know how to execute the basic, buy and sell and study more about the charts, don't depend to anyone.
3. Patience - You must be more patient in this kind of market, there's no room for your emotion here and your trading decision must really based on your study and not on any FUD news.
This 3 things can help you a lot on your journey, don't just focus on money make time for you to learn more and profit will come later.
Equipping yourself with lots of knowledge will bring you high chance to succeed, knowing the system and learning how to calculate while you are waiting for the good timing will give you big edge between any other traders, even you only have small funds but you are keen to understand the market, then you are assuring yourself to earn more, trading is a speculative guess that will bring reality with your trust and understanding. |
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I think the popularity of Bitcoin is closely related to community acceptance. Clear rules for Bitcoin from various countries also contribute to the growth of these digital currencies, such as in Europe, Japan, South Korea, the United States, Australia and the Philippines for me there is rapid progress in digital currency
That's right, clear position and proper rules regarding to this digital currency will attract more interest, those countries who already cater bitcoin and already create rulings about this digital assets are enjoying the service of this chain, I think the move coming from the Philippine should also be accompanied by more news and proper information, development will be much better if investors and users already knew how the service will be and what are the benefits. |
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You are asking for when the party ends, but the party hasn't even begun yet! Either that or I am out of the loop and missed all the signs the past couple of days. Don't get me wrong I believe we are almost there, but let the party fully begin before asking when it ends! If I had to guess though, just randomly I would say bull run will last couple of months this time at least. But that is only because I saw the last run as a test bull run and not a real bull run.
I was confused about the party he/she talking about  see the current market now? bitcoin can't even pass 10k price point right now even after G20 releasing good statements for cryptocurrency. This might be a really long bearish trend right now. Sad to say but the hype of bitcoin is losing its effect ever since that correction happened in january/feb. Good news should continue to reach more new investors in order to attract them to invest, this G20 statement gives some breathing with the previous downfall and begin again to see some green, if more people around this chain will continue to give more positive approach more new investors and traders will start to show up and see the potentials of this asset, after that we will see the party and the bullish run will conquer the market. |
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Don't forget that Tether is still an unresolved issue. We don't know if they are really solvent, if their USDT is really backed by USD money at a 1:1 ratio or they are doing really fractional reserve banking at small scale which would be enough to create a scarefest and get further panic selling traction. For now, it seems to be working, but sooner or later I think USDT will bust and we will have another bear cycle, excellent to buy because ultimately who the hell cares if some company is doing that in some off shores bank. Bitcoin is beyond these scammy practices. 21 million limited coins no matter what guys, don't forget that.
Understanding the risk should also be taking place, yes it is usable for a while if we understand how the market will proceed, it can serve as a temporary assets just to convert your holdings to much safer if we are dealing inside the exchange, but just like what you have said there's still some issue that is needed to clarify before we entrust our investment, better to use it with a lots of understanding and more strategy than frequently using it and make your entire investment at risk. |
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not such a good example in my opinion. people don't buy "Gucci sneakers" to make profit, they buy them to wear. but when it comes to bitcoin, most people are buying it to make a profit and worst thing about them is that they are not traders so they want a rising market only to make profit and they don't even know how to make profit if the market is anything but rising only. so when the market is not moving according to their expectations and they not only not making profit but also losing a lot, they start complaining and panicking and eventually their panic sell crashes the price (the final crash before the reversal). if someone is buying bitcoin to benefit from bitcoin (like how they benefit from a "Gucci sneakers") or if they are traders, they would have never complained about dropping price of bitcoin.
And this is actually the reality that affected many people who are into Bitcoin thinking that the value will never go down when in fact they know that Bitcoin can be so volatile based on its past history and what is currently happening in the market. Last year there was an influx of newcomers to cryptocurrency and these people were complaining when the market was down. We just have to wait for it because I am sure that eventually Bitcoin will start to rise again. Exactly, the fact that the value will still rise up should be consider by many supporters, those who are complaining about the sudden downfall needs to study deeper, the value was volatile and fluctuations are always unpredictable, but in somehow, we just need to wait and think of this matter for much longer terms, bitcoin will rise up and everything will be good and green again. |
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The market that falls into red is at the beginning of investment is best. I was fortunate to enter the cryptocurrency market at this time and own btc at a low price of 9k. It is convenient for me when the market rebounds.
Just make sure that you won't do any panic when bitcoin fell to 5k$ or 3k$ as many specualtions are spreading inside the forum, better to have a big nerved to wait for the bounce back, bitcoin value was so unpredictable till now, the sway is not showing good directions and the market still in its bloodbath, what is good for now is to keep buying while you are seeing more and more cheap coins that's been dumped and keep it, you can choose to wait until the next halving to happen surely the value will rise high. |
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Why there are so many speculation that are coming out. Bitcoin is the best crypto right now. Even though there is a posibilty that it will go down. I don't think it will go down beyond $ 5000.
we must understand that this will be a complete collapse for all investors, if we release its value of $ 5,000. but nevertheless I am sure that 2018 will no longer show prices for Bitcoin above 12,000 dollars. I'm not sure if how long you are in this chain, bitcoin will recover and 2018 is just like another year for crypto, 5000k$ value is not impossible as the market really heading that way, but we should remember that there's a certain groups of whales who will able to manipulate the value of bitcoin, big investors that are ready to pull the price up, though we can't predict what will be the exact time frame for this bullish movement but as long as we see new traders and investors are still out there then expect everything to happen for good and benefits of our investment. |
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I don't think if bitcoin dies the rest of the family will also die because some of the Altcoins have different features, advantages and anonymity implementation than bitcoin. Some coins categorize themselves as currency and some as an asset. So, you see because of that they don't serve the same purpose they both have their ways if you know what I mean. Bitcoin is like the father of the family and you know when the father dies the children will grow they won't die too  Each alts project intended to replace or to back up bitcoin lapses, so just in case bitcoin completely falls, there's another option to move forward, each project have its own offers, most of the quality and real alts create uniqueness, though each of them really relied with the current bitcoin value, who knows after some year one of them will jump high and replace bitcoin, future is not ours to predict let just wait and see if what will happen after. |
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I really don't think that bitcoin is in danger. Although we have been in downtrend motion but it won't make way as an indication of becoming dead. Not exactly will go for that, even countries banning bitcoin but still it can manage to gain trust and loyalty from the community. We know how bitcoin playing with us especially in terms of financial support, and with that surely people will keep on supporting these.
The main question is how the masses will understand that bitcoin is not only for investment but also served as a digital currency, even we seen a lots of negative news about bitcoin and almost everything inside crypto market, we are still positive that this is just a temporary corrections and the market will still a lots of positive thing to happen, we just need to understand and always review how the market flows and after that, we are still good to go. |
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Crazy already:
52 Million dollars opened in BTC shorts since the open of the US market today.
The US market is so big and with so many opportunities that I think $ 52 million is a small part of the market as a whole and whatever happens will not be fatal  Yes indeed, those who understand the market will surely earned from how the fluctuations moves, better to just keep holding instead of dealing with such sway, we will see more after the U.S market will start being bullish again and push the value to rise up again. |
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It seems panic sell is over and bitcoin is recovering. I just want to say thanks for allowing me and others to buy bitcoin at cheaper price. Again Let this remind you to not blindly follow fake news and fud. Be strong and cool in head. Bitcoin price is recovering after a major decline below the $8000 level against the US Dollar. BTC/USD is struggling to move above $9500 and it may move down once again. It will keeps doing this, as we knew that we are still in the first quarter, investors and traders are still in the process of good assessment and those who already earned a lots are cashing out and enjoying their earnings, better to stay calm and focus play well with the trend and never to sell with your loss, take care of your investment and believe that bitcoin will rise back and new height will be achieved this year. |
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Why most of Traders have bad psychology of trading they keep lose more and more and can lost his account and they left quickly when operations is winning?
I think they get easily hyped by another coin that are recently talked coin that is going to rise this year and they immediately sell the old ones without thinking because no one has ever talked about it. Lack of information and knowledge, things is much better if you have a lots of knowledge inside this business, wrong assessment , bad timings are the common thing that traders loses their money, buy when hype already at the peak sell when corrections are just ongoing, wrong interpretation because of less ideas, to avoid such things better to keep reading and keep trying to improve more of your capabilities. |
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I hope so. However it's still hard to believe that bitcoin will hit $50000 at the end of this year. Until this month the price has not shown a significant increase. Thus, I predict that bitcoin price will reach $30,000 to $35,000 at the end of 2018.
As of today's btc's performance, i would be happy if bitcoin will hit $20k before the year ends lol No worries, it will happen just focus with your other stuff and be back after bitcoin reach that value again, it will be another surprise to all of us who believes that the value will jumped high again, bitcoin already showed us the potentials, looking from the history and how the movements happen, we just need to wait until the third quarter of this year and see how things will change our perception about bitcoin. |
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How long will Google last? No one can answer that question. Bitcoin will last as long as it stays on an innovative path. The only thing that can kill it is Bitcoin itself.
precisely, if the main team behind will kill itself then it can be the doomed for this project, but as long as we are still seeing that the chain still continue and the team behind still working then we are still good to go, who knows what future will bring to this coin and how competitive it is around the crypto market, believers will continue supporting the chain haters will continue spreading negative things about it, and that's how things will work we do have our own impressions. |
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Other than companies which focuses on security and technology to improve their cryptocurrency, what do you think if cryptocurrency is a real currency? Would it be functional, effective, useful, convenient?
If what you mean is for the daily usage then yes it can, just like how credit cards and debit cards if bitcoin system will be allowed inside the malls and supermarket then it will serve its purpose, we, inside the digital industry are embracing the use of crypto currency and we seen success what else if we applied it in our daily life, crypto currency can be a good alternatives to avoid bringing cash inside your wallets and bags. |
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Setting your day with the things you need to do. First in the list are the ones that you need most that needs to be finished in due time. Whatever you do, trading, work campaign's research or travels you just need to set an amount of time on how long you need to do it. Time management is easy to do if you have a goal in your life. And when you see some spare time, try to relax.
Good point, knowing your priorities and aiming for your goals are the factors that will let us to become successful, if you know how manage it properly and you have many options from time to time, then you are ready to any changes that life will give you, knowing what is needed to prioritize and what is not will give you balance in deciding what things can help you to achieved, just always use your time in a meaningful manner. |
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It wont recover until that MtGox dump situation is cleared. Nobody wants to buy expensive coins so that trustee dick can sell on a higher price.
Yeah probably. It's a quite market for now I would say, as a holder I don't have any fear of this situation because form the looks of it o would say we will back to 12-13k in couple of weeks. Positive approach over the negative things which is still ongoing inside the market, though I also believe that the market will recover anytime soon even the spread of this new negative news about mt.go spreads out all over the sphere, traders will have their owned different points of view and different approach regarding to this ongoing situation, better to aim for long term unless you can predict properly with sudden downfall still ongoing. |
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Soon this mediamen will be tired on making bad news about cryptocurrency,, when that time comes they will be investing or they might actually in bitcoin but on hidden or personal because they’re paid by bankers and expert “fake” to spread they’re black propaganda to the public.. Its just that money and work is what they value for now and not the truth.. Fiat is used on illegal activities and it is regulated but does they really controlled those they can’t even stop it..
I'll not be surprised at all if many of the people that are publicly against bitcoin have in fact big holdings of it, this kind of hypocrisy is very common, and I see it all the time there were many reporters that where against particular politicians in my country and after they were fired they changed their ideology, but it was not like that they were pay to spread a particular point of view, the one of the owner. Not impossible, those who great fake news and negative approach with crypto currency are also those who wanted to hold much bigger stake, I'm sure that they seen a big opportunity if they will hold bitcoin and wait for it rise again, the only victim of this news are those who always relying on it and never to take some time to read more about this industry, better to be well aware and prepare yourself to take some risk in wait for the positive outcome. |
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So yeah i'm just wondering whether can you make serious money with trading or is it more than not just gambling?
Are "pro traders" making millions, or are they barely getting by and need to sell their signals and such?
Not in a bull market anymore so i'm looking at trading as a way to make money, but not sure whether it actually works. Note i'm not complete newbie, but i was never really trading.
If you got a good knowledge about this system, then yes you will be able to earn decent earnings, people who manage to understand the risk and knows how to play with fluctuations will be able to survive from the market like this, if you wanted to earn then invest with knowledge and better to keep reading more information and ideas inside this forum, it will take as a gambling if you are just placing your entry without having any idea if the project that you supported is a good quality project or just a pumped and dumped project. |
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Then it’s obvious,, someone is promoting other coins.. Mr. Dong or anyone with such statements will have an announcement of a new cryptocurrency coins he think will outperform bitcoin.. Marketing is not a new thing and have shown patterns to it..
He’s into something that sincerity of him is covered with bad intentions.. Remimber that in this world,, trust no one..
Good point, if this person is also involved in another project he will soon then release the information about such project, bitcoin in the future will be possibly out performed by another project that will provide much better usage, maybe ETH will make an extra effort to be more successful and perform well in any aspect for both payments service and tokens platform, again, it's depend whether another project will performed and replace bitcoin as the top crypto currency that has been accepted all over the world,. |
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