When the altcoin price was experiencing a positive change I was confused ... whether to invest or trade directly ..
your advice is advice to me .. thank you
Both are risky because it involves money of course if you want to earn a lot then you need to take a risk. Trading is very profitable if you are wiser enough when to buy and sell coins you are holding on the other hand investing is less risk but if you are not following any updates of the coins you are holding then you might lose your money then. If you want to earn, you must take a careful research and study regarding this matters. |
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Greetings Everyone, Well, I am very much new to trading and I've been reading and watching a lot of post in this section lately. Fortunately, I found new concepts and terms that I am not familiar with in the first place. As a result, I research for more resources regarding trading especially with those materials that has a nice examples of actual charts since I am more inclined to learn with the aid of visuals. With that being said, I want to share with you guys a great but underrated trading courses in youtube. However, I am not going for a more detailed info though since I want you to personally check out his videos and give some comments about his contents. [1] https://www.youtube.com/channel/UChULbX89jjbCEDhGn56_yuw *FYI, I am not shilling his channel and I am not affiliated with cottoncandyTA. Just want some handful insight regarding his trades.*There are lots of videos showing on how to become a good and wise trader. What you have given is one of the course that can give ideas on trading. I am not new trader but still in the learning process on how to read graph and on how read moves of a coin we are holding. I will never stop learning because learning as well as doing our own research can make us profitable trader. |
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PANCAKESWAP is a fairly new crypto exchange. Many new cryptocurrencies are introduced there everyday.
Are you any scam coins on this site? Anybody faced any scam coins there before?
Yes a lot of scam coins coming to pancakeswap, I have even experienced this, buying new coins for this is new listed to coinmarketcap yes it can be profitable if you buy this early but when you are late in buying this coin you can lose your money. This coins are hyped by developers they will market coins having social medias and marketing their promos and offers but in the end if they will get the money they want, they will run out in the air, they will close their social media account and the price will dump till the coins has no value. So be watchful in choosing coin to buy. |
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BAT is up to $0.80
MANA is up to $1
how long will this bubble last? I'm trying to get in long term but this is messing up my ability to get in at a good price.
Try to monitor the move of the coins and its updates on their social medias in order to know if that coins has good potential in the future. Also watch the price, always buy at the dump price not when the price is increasing that can harm your funds. In every pump there is always dump so be watchful for the pullback and then buy more. |
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Believe me my friend, anywhere in the world, it is not easy to make money. If you see any airdrop that promises 100$, 200$, 300$, 500$ and above just for referring peeps, or sharing post online, then it is atmost 99% fraudulent.
Likewise, if you see trade signals that promises certainty, or bounties that promises you a fixed price for your token, be wary. It is not that easy nor realistic.
Its not easy to earn money with crypto, we need the best of time to study what project we need to support and an effort on how to win on trading, study the flow of the coins and the graph in order to learn also on when to buy and sell. Regarding bounty campaign we nee to make our own research of course of the campaign that we are going to join in order not to waste our time in sharing and marketing the project. A lot of things to do before going to support a project. |
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The minimum capital that is required to trade effectively and compound profit is 50$; anything below that means that you are literally wasting your own calls, signals; because without a good capital; the only way to make money is if you are making over 100% profit which is not sustainable. Your profit is someone else trade capital; so i implore us to twice your trading capital.
And once again, if you are to scared to loose money; then don't trade, it is not for you
I agree with if we are afraid to lose money when trading better stop trading. Trading is very profitable and lots of traders are getting rich because of trading but we cannot deny the fact that we are able to win the trade if we cannot pass some trials of being loser and being greedy and very aggressive in making decisions. So if you want to become a wise trader try to trade the exact amount to trade which you can afford to lose. |
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I don not think if there are still holding bitcoin since 2010 until now, If there is then maybe that is already a confidential matter to the beholder. This issue is very confidential since having at least 1 BTC can make a person rich. I have 1 BTC last 2015 but I did come into thinking that the value went like this so I decided to sell it since I am in the need of money during those time. Anyway that already have helped me so still okay.
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I'm not that much fan of continuous learning especially to secure funds and to make sure that I am transacting efficiently, but literally, we people mostly are contented from what we have especially the way how we transact using traditional methods such as transacting with fiats, and bank transfers. I have met allot of people and some of them are already old (60 above), and for them, there's no room for improvements in terms of transactions as even bank transfer is hard for them to execute that they need someone to support them while doing so. Question arises if they are in situation like this, how can we teach them with new methods of transaction such as bitcoin or to somehow take them out of their comfort zone when in fact, their aren't really comfortable with it in a sense that they need assistance of younger generations. Perhaps, there's nothing wrong to still try and make them accept in bitcoin if we know how we can properly explain it to them. Or to use the concept of "Abstraction" which I learned from Object Oriented Programming. The easiest way is to make sure you're not going right away into technical terms such as Encryptions, Hash Rates, Blockchain, etc. And to take it slowly by using smart analogy to correlate it while explaining because believe me, old people behaves unpredictably. Make it easy and start your conversation by offering a good meal, share some stories as you transition to tell him a new version of Gold (As I believe it can be a good example of physical bitcoin) which is virtual and anonymously created by someone up until now is not known. Story goes explaining that they need an internet access in order to buy this virtual currency that they can use for e-commerce, or transacting with other people and it is like sending messages but instead of strings of characters, they can only send numbers in which are called Bitcoins. Another is that bitcoin is like Fungus. Fungi dont have a central brain, what is there is a decentralized networks that shares the same information, the same with fungus having a characteristics of "resource management, reproduction, and defense strategy. Fungi are also undying as after the five mass extinction, they still remain on earth. That's how powerful bitcoin network is. I'm sure there comes a portion of the conversation when they will ask how to secure their money will be or how to access it. This is when we will try to simplify things out by explaining public keys and private keys in a way that they usually know how it works such as comparing it with username and password on their facebook, twitter or Instagram accounts. Moreover, try to use analogy as your conversation goes deeper and deeper in a sense that they will understand each terms without you giving them bunch of knowledge in which they don't understand. Of course everyone will not be interested if we are just sharing things like these without giving them something more valuable than what they normally use. Here we might want to state some features of bitcoin such as semi-anonymous transactions, peer to peer, low transaction fees for international payments, accessibility, and one of my favorite, an investment. A dream of inviting our old citizens to bitcoin will not be possible if we ourselves lacks the fundamental knowledge about it, the best way to properly explain things is to first learn and use it. There's we can formulate various analogy to correlate terms and to lead them in the right path as they engage themselves with bitcoin. I believe that there's no boundary of ages for people to use it, that is why I like to learn and use bitcoin. Learning and using bitcoin for me is amazing. It helped me a lot when things went wrong in my life, when I am down and no one can lend on, learning cryptocurrency played the greatest part in solving my financial problem. A lots of good opportunities came when I have learned about bitcoin and other coins especially when I joined airdrops a lot of earnings I have received. I am proud to be a crypto lover. |
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How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
For me , I will define rich is an individual who can buy anything they want, having stable business of their own, does not have debts anywhere can share blessings to the less fortunate people and most of all has good health because for me health is wealth. Money or wealth is not worth if the one who own it has a sever pain and dying. |
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The problem with tradingWhen I started day trading crypto 3 years ago, I didn't have a plan with my trading. I just thought "if my win rate is high, I will make money gogogo". I think everyone is missing a very important step if you just do some TA and start trading. "You need a strategy"Everyone told me from day 1 "You need a strategy" - but I simply didn't know how to make one. After losing 90% of my account balance, I took a break from trading for 6 months. Then I came back with a new mindset and reviewed some of my past trades. I had no planWhen I look back at it, it was actually crazy how much I cowboyed my trading. Sometimes, I made +1%, sometimes -3%, sometimes +5%, sometimes +10%, sometimes -7%. There was no structure and I had no idea what results I could expect. Since I had no forecast of my results, it was difficult to follow my rules. I simply lacked motivation to follow my rules. I think this is very common. What worked for meWhat made me go from a bad trader to a consistent profitable trader, was ACTUALLY using a strategy. Not only trading based on a vague strategy. NOW - How the heck should I form a reliable strategy that works?I opened up a Google Sheet and started writing formulas to estimate my earnings and losses from trading, based on different win rate, starting balance, leverage etc. It helped me a lot but it was so tedious to change the strategy in Google Sheets I had enough. So I started to Google if there was a better way to do this. I found nothing. The only thing I found was a Forex Profit Calculator, but I wanted one for crypto. Winrate.io was my game changerSo I made my own one. I created a website called winrate.io where you can test your current strategy or create a new strategy if your current one doesn't work. This was a game changer for my own trading - Since I realized that my current strategy was not efficient at all and I was trading on an exchange with crazy fees. I sat down for 1-2 hours and tried different setups, and found out that I just had to make a few tweaks to make my current strategy work a lot better. This is free and it will not ask for anything from you - not even your email. This is simply my Google Sheet in a more user friendly version that I personally use to improve my trading. My friends also use it regularly. So I wanted to share it with you as well. Hope thats OK!  I really think this step is very important but something that a lot of traders does not do - because it is difficult to do in Google Sheets or Excel. Please let me know if you think this is helpful and if you have any questions. All the best, Joel Thank you for the good idea and the strategy you shared. I have traded 7 years already and having on and off in trading but lately, I have been making time to focus on the moves of the coins I have hold in the market, I have studied and never stop learning on how to win on trading. A lots of time spend that I have lost my capital and almost cry for I have nothing in return. I am thankful I have groups that made me learn some ways on how to get win on trading. |
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In this March, I can't make my own satisfactory trade due to my wrong decision and research. But I got some profit from BNB and used buy back policy again and again. Today, I sold my all BNB token at around $245 but now it is still bullish in mood. The next major resistance is located at the $300 level. So I need some suggestions whether I go for buying it again or should I stop here.
BNB is a good investment, good to scalp in the market. Just buy low and wait for the price to get high sell it then wait for the pullback so you can buy again. I guess the price now will reach $400. Just don't be greedy when trading, wait for the price to pullback and buy again. That's true the price now is high, I bought yesterday at the price of $242 and I sold it at $287, I bought again at $272 and now the price is $286. |
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Hey folks, I decided to quit smoking today and buy Bitcoin every Sunday. A pack of cigarettes I smoke is $10. It cost me $70 per week. So every Sunday, I will buy Bitcoin without checking if the price went up or down. Even if it goes to the moon, I will keep buying. I will edit this post frequently in the future. This Sunday I will start investing $70 in Bitcoin every Sunday. I will keep this doing as long as possible and let's see what is going to happen. I believe that at least I will invest in something that I believe, instead of wasting money on unhealthy cigarettes. Maybe some of you can do the same. Wish me luck  --- | Week | Date | Bitcoin Price | Amount Of Bitcoin | | 1 | 13.12.2020 | $19.176 | ฿0,003650 | | 2 | 20.12.2020 | $23.429 | ฿0,002987 | | 3 | 27.12.2020 | $27.483 | ฿0,002547 | | 4 | 03.01.2021 | $32.850 | ฿0,002130 | | 5 | 10.01.2021 | $39.820 | ฿0,001757 | | 6 | 17.01.2021 | $35.300 | ฿0,001983 |
Thank you all for your support guys. 1. Week I bought 0,003650 BTC. Even the last 2 days it was cheaper, I waited until Sunday to buy. Rules are rules. I edited my post and let's see what is going to happen.
Btw, to be honest, I couldn't stop smoking completely. But in 3 days I only smoked 5 cigarettes in total. I smoke cigarettes for 10 years. I quit smoking for 1 year before. So I can do it again. Probably I will not smoke more. I feel better now.
I followed Allen Carr's famous Easyway to Stop Smoking method to quit smoking before and in my opinion, it's the best way I have ever tried. I am sure it will work again. For smokers I can recommend this method.
edit: I converted -> $ to evaluate easily. I invest $70 weekly. A very good decision making you did and I will congratulate you for this good decision, I hope there are lots of people realize this. Smoking contribute bad results to our financial matter. Although the amount when spending it is just a little but when you do it daily haler it can contribute huge amount of money to spend. I am very proud for a person decided to quit smoking. |
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The year 2020 made us realize that we should be prepared for anything. So many jobs have been lost, businesses and establishments were closing. Schools have closed entirely as well.
So we are now into this new age that most of the things we are doing are online. Food, grocery, shopping, and most importantly, education. Schools have created modules for what they call distant learning. I know this is not that new, but I am just curious to know if this pandemic will change everything we know about.
I am not new to crypto or blockchain but I don't have any extensive knowledge regarding the technicalities. Do you guys think that there is a use case for blockchain on online education?
For me this pandemic, can really change people ways of living a lot of people are learning on how to earn online and how to make via online. Students are forced to have internet access in order to accomplished their modules. Crypto world has lot of help for people who lost their jobs and trying to learn on how to make money online. |
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Same here in our country almost all products are getting increase in price especially meat products and vegetables due to pandemic and african swine fever of pigs, a very high demand of meat in the market thus making the price very high. A lot of people are complaining but the government cannot control the price due high demand and animal owner trying to sell their products in high price also due to lack of supply in the market. |
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