After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?
I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.
I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless
Hope you can get money back. Maybe start looking for a job that can allow to bring baby is worth to do than nothing. Since you not mention sell order what i assume is you do future trading which can make us get liquidity without do anything with our orders. For others too, future trading maybe look very easy to get profit but it is only look, behind people's profit there are a lot of works and maybe even they really do hard to get profit so it can't be same for each other people. |
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I just afraid about Government, i think if they want they can shutdown bitcoin anytime with ban it in all countries and people only can use it by P2P and no more exchanges that can be opened because no permission from Government. Although people still can use it and can use it P2P but it will really affect on bitcoin community itself.
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I am holding 125000 doge coin , and did not sell even at 0.47 $ , Is there any chances to doge coin can go to 1$ this year ?
Thanks
Chances? yes. Big or not? maybe not. If you really sure dogecoin will readh $1 this year and then people said that it is not, don't let them to interupt your confident. But if me, i will say like the others. Dogecoin pumped not because developed but because hype, if hype is already over, we afraid if dogecoin price back again or maybe dumped from it's current price. |
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Please guys help me suggest coins to buy. I’m a student and I don’t really know much about crypto but I need the money for financial freedom and help my dad cover some of my school costs. Please guys.
As long you not use money that be used for daily needs maybe try spot with big coinmarketcap coin is almost safe, not suggest future trading because it can drain all of your money if the times come. With spot i think to minimize risk have high possibility. |
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Hello all!
I want to share my cool experience about holding Bitcoin.
I become busy last year and decided to totally disconnected on crypto market or news to focus on my studies and extra job to earn despite pandemic last December 2021 when Bitcoin is on the early Bullish trend. It's really good to see now that my Bitcoin was already X2 the initial money that I earn on signature campaign here. I never though that Bitcoin price will go this far and I decided to take some profit although the current price is at correction.
Really happy to choose holding rather than convert it fiat by the time I decided to leave crypto.
Some of other people get that too, i think this is a good time to seek old wallet or maybe forgotten exchanges and maybe they can get a treasure, because some coins is pumped especially BTC, i found some satoshis in my old wallet and exchanges and can sell it at good price too. |
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Maybe today some lost a lot of their portfolio, maybe from thousands of dollars to a hundred of dollars, this is why taking gains or profit are very important
since the start of 2021 the price of tokens have gone have breaking statistics, altcoins take an all-time high, and we are very happy all these things turn into a nightmare in a single day, almost all of my friends never touch their coin hoping they would reach another all-time high, the same thing that happens in 2017, now the market almost wipe all of our portfolios, what's the lesson of this, when there is a chance to take profit, take it, small or big, it's again, I saw some posting they earn millions, they are so happy, but after a day they regret it, why because they are so ambitious, and no contentment on what they have, always take gains, don't let it slip away or your regret it.
This things keep happened, because it is nature when people see price increased, they aim for more. If their aim of prices reached again, they aim for more profit. That is because people keep have a big hope for their investment so their time to holding that coins is really worth. If price dumped like yesterday when it is happened for a first time, some of my friends posted picture that how much their losses because keep hold and not sell in high price too. |
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Really small chance to $5000 maybe to $40000 still possible, but that small price means bitcoin is in danger (my personal opinion) or maybe banned from a lot of big countries in this world. Or maybe there are problem with bitcoin's chain so transaction get problem all over the world and people sell it or maybe change to another cryptocurrency.
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i believe even if bitcoin drops a bit in a month, bitcoin will still hit 100k by end of year! let me know what you guys think
Maybe still around $50000 or if increased maybe 25% like $60000-$70000, if down maybe still stay in $30000 or $40000. I don't have deep analysis but to make bitcoin price down, but will ned big bad news to make bitcoin price dumped. To increase about to $100000 is possible too but will need good news again. |
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If me think if people behind Bitcoin is showed up will be good so people can know what behind it and maybe know their purpose. I mean a lot of other crypto have developer with their own reason why they create it and then if the coin is really good, it can survive. That can happen too with bitcoin, maybe price increased and not dumped especially until zero.
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Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart
Ya, and if people do that maybe not much who complaint when a lot of crypto coin dumped yesterday. I think a lot of people still on greedy state which make them want more profit from coin that they bought without any analysis about it. That is why people should really know when to take profit, and most important thing is not regret if they already did it. |
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FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.
Emotion is the one of some importants key in trading, and i think maybe it is the hardest part. Because analysis maybe people can be good at it with practices. But if keep panic or maybe get Fomo when something happen, although traders who already have very long time in trading activity sometimes get panic or maybe get FOMOed too. |
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I went to market with my wife to buy things for our new born baby, after my wife selected baby things that Worth thousands and I paid with my btc,the transaction was very easy and faster. When we returned home ,she asked if you die can I achieved your btc or continued with your account? Because it's very easy and faster in trading and transaction.
Just give her your private key, or maybe account that held your BTC and train them how to use it and everything will be OK. I think that is what i will do in future, because if i died suddenly and no one can claim my BTC, so it means it will be gone forever becaus my closest family which is my mom not really good into technologies. |
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My strategy for now although there are a lot of ways to do trading, maybe i still keep to do spot trading with coins that i think will be good in future and join Launchpad Binance. Although sometimes it force us to not use all our capital, but usually it give worth profit too.
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A lot of people say about don't panic. Because control our emotion is really important and when your emotion control is break, every strategy wouldn't really work anymore. That is why each trader beside have their strategy, important thing that must have is control emotion.
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Coins i love to see maybe a lot of project that left by developers. Because if they can faster delisted in market, there are no more traders who trapped into that coin. Beside that, new coin can be listed and we can get fresh coin although no one know the coin will be good or not.
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Maybe will be like this, bitcoin can be payment. But not as main payment, if people want to use physical or maybe digital fiat, keep to be nice to them. And then about bitcoin, make promo if people want to use bitcoin maybe get something or maybe discount, then they will attracted.
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Best of 2018 was Bounty Tokoin. Which made me a very good profit. almost four hundred dollars
I only joined a few project. But Cashaa will be my favourite. Since it is started with BTC2BID as p2p exchange and act like they are middle man for people meet each other when want to trade bitcoin. I think it is considered project that already have product and until now i heard they still developed. |
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What are your thoughts on Lightning Capital Hedge Fund Manager, Charles Hwang, predicting BTC price will rise between $20-$50k after Bitcoin halving? I can believe it, but maybe my target from $20000 until $30000 because it is already high for me. But if it can reach above it, i will be very ok with it because maybe when i think price that i predict reached, i am not sell all my coins but maybe save a little for if price is increased again. |
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I have been hearing that even major altcoins are gradually losing its value.
For long term investment purpose, no more investing in major altcoins recommended?
If afrad to make investment to altcoins, just invest it in bitcoin. Because bitcoin at least have less risk than altcoins. That is what i do now because i can't do analysis with altcoins. With that, i think it can be considered as strategy to get profit from cryptocurrency investment. |
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Hello,
I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.
What do you guys think, is stop loss something or, or not so good?
may be because you placed a wrong and sometimes you pay a price for it. Everyone here knows that they are facing whales, not the regular crowd. For crypto markets, when trading on margin or futures, we should bear greater risk. That's the safest way to keep our orders safe. or if you don't accept it, you should trade only while you are still awake. then you can see how the market is going and you will decide right then. absolutely not traded at night, because the whales are usually active at night. Or maybe change to long term. Because day trading actually not fit for some people, like OP maybe who afraid about his investment if want to leave market with his order on becasue logn term market means we jusr buy and hold it no matter what happen everyday before our target reached. |
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