Basically, the tokens are there to represent the value or "shares" the investors hold in the project. These tokens may have use or not in the future project but then when they are raising funds for the project, the investors need to have something in exchange for their investment and these tokens are the exchange to it or what it represents. This may become valuable or not in the future depending on the outcome or demand that's why it is quite risky to invest in ICOs.


They have the option to just make a platform that accept those cryptocurrencies that are already listed and has some value but then the investors would not have anything that they hold to confirm that they are one of those who own tokens that's why a token is issued. In addition, some of these projects can only be accessed when someone uses their tokens so that it will have value and the project has a choice of issuing additional tokens if they need more funds.

Market will do what it will do and one should stop blaming others for their own mistake. Those who have been playing in the market for a long time knows what should be done and they would reflect on how they would react when things happen and they would not stop and then blame the market and those "whales" manipulating it.


What he means is that one should take a look at his own actions and adjust accordingly and not just complain and blame the market because there are too much manipulation in it. You can go with the flow and prevent from further losing by always having a trading plan and knowing when to buy and to sell. If you have been trading for a long time then you should stop blaming others and be responsible with your own actions.

We need demand because we know that supply is limited and even if we are hoarding it, there will be a tendency that the current holders of it will sell off some and then buy back again if the price would be cheaper but then other people or those who doesn't know about bitcoin that a digital currency is existing so it would be more advantageous for us if we increase the awareness of the people regarding bitcoin by spending it and promoting it so that demand would increase then.


When people refuse to sell what they are holding then there is a tendency as well that there will be big dump that will happen in the future because once the price goes down, there is a tendency that it would become a major sell off and the holders will panic causing a big red candle and it would have a domino effect until such time that sellers are exhausted so it would be better that there would still be volume in trading which is buying and selling so that there is an organic growth.

Yes, there are several good news that at least we encounter every day but then the problem is that the media would magnify those bad news because those are the things that would take the attention of the people than the good news do. They are more concerned about their business than reporting what people should know and they would choose a news that has more impact and one of the example of that are the scams.


There are people who consider bitcoin a scam because that's what they can see always since the media focus on that. Instead of digging deeper about the topic, they would just immediately have a conclusion because it is not regulated anyway and many scams are going on nowadays so they would just immediately conclude it as scam.

It's an SOP when you decide to invest into something. You should do a proper research first if it is worth investing into because there are times when people are just being rush when it comes to decision making because they heard from their friends or neighbors that they are earning from it so without a proper information at hand, they would invest into it even though it is obvious that it is risky. There may be times when bitcoin is stabilizing but one should know when to buy and when to sell to avoid huge losses.


Who would have expect that the price would go up like this now and this is even only 1/3 of the all-time high. This is the reason why we should be patient and think through of our decisions always when we make a big decision. Maybe those who didn't sold it and possess thousands of bitcoin before are just lucky because they didn't expect that bitcoin would have such a high value. It's not late for us who knew it later because the mass adoption is yet to come.

Yes, I have the same opinion as yours when it comes to KYC. I have seen a post in here wherein they are selling the information in dark web for quite a fortune that's why many scam ICOs are asking as well from their bounty participants and investors to submit KYC because it would be an additional money for them too if in case they would use it for their own good. There are legit ICOs out there but I would rather wait for it to be listed in an exchange wherein I don't need to submit a KYC.


They should require the investors and the bounty participants at the beginning of their ICO than announcing it at the end because it would give them less credibility if they would suddenly ask for KYC when many people doesn't want to give their personal information. They should include it in their announcement if ever.

Or better yet, one should study trading and take advantage of the situation whatever it will be. The advantage of being a trader is that whatever type of market it is, one can profit from it if he understands what is happening unlike being an investor wherein you can only profit when the price goes up. I would take advantage of this opportunity nowadays to study trading because when the market turns around which may be already happening, I would learn a good strategy then.

Yes, people would find ways to have lesser costs in their transactions but then when an exchange has low cost of transaction may it be trading fee or withdrawal fee but have problems with their processes and problems of traders not being addressed then there is a chance that they would choose and exchange wherein their transactions would go smoothly.

The advantage of having many exchanges is that traders can have a variety of choices and it would depend then on what coin they would be trading as not all coins can be found in the exchanges. As for me, it would be better to trade in an exchange wherein they already have proven that they can address the issues of the traders as fast as they can like Binance.

i would rather that our country treat it neutrally because I would assume that they do not ban it. I can say it is deemed legal because they do not clearly declare that it is illegal so use it. In fact, they have grant some companies licenses to operate that are involved in cryptocurrency so it would mean that they are not against it so I am thankful for that.


Unfortunately, many countries are still skeptical about it but then time may come that they may open their countries to cryptocurrency if they can see that other countries are reaping the benefits from it. As long as we can use it openly, then we should just use it so that it can gain more exposure to that may lead to mass adoption.

One thing that would hinder you in trading objectively would be focusing too much on earning money that would make you greedy and would end up to more losses most probably. The first one to develop OP in trading is to have your emotions in check so that you can trade rationally and would follow your plan. As to how to overcome your fear, it would only be managed by trading always until such time that you will be used to it and can trade without minding your emotions.


Continuous learning is the key and you would not be able to acquire it in just a snap. It is a step by step process and you should have patience and not be rush when it comes to decision making. From OP's statement, it seems that he has no other source of income and he hopes that he can earn in trading and there is no nothing wrong with it but it would be very risky on his part because he would be emotional then. He should learn trading first without focusing that much on earning bigger profit because it will come naturally when he knows what he is doing.

I did learned huge lesson when it comes to taking profit because I am confident that the price would continue to go up and now, some of my coins are even worthless because they are worth 99% less than its value in its all-time high. This reminds me that whenever the price goes up, I should consider taking profit until such time when I got back my capital and then I would be confident that no matter what happen, I would have a profit because all that's left is profit.


OP is just too excited that he is earning that's why he forgot his should priorities and take a wrong turn because cryptocurrency market is not doing good nowadays. I have in this forum as well that someone almost lost his good-paying job because of being too focus in cryptocurrency. It's time to learn from his mistakes and focus in studying. He can still earn from crypto market anyway since mining is just passive income.

This may imply that people are not that interested in bitcoin nowadays but then when we compare it to the price, it would just imply that as the price goes higher, the people who would be interested in it would go higher too so as what we can expect from those who search about it last year, they would not search bitcoin because of the low price.


Many people are now knowledgeable about bitcoin due to its price surge last year and most probably has already some applications installed in their phones to directly check the price than find it in google. That extra second or minute of finding it in google is a hassle so we should just directly go to the site since we know it already. 

If you want to minimize your losses then trading is a good strategy so that even if you cannot get back your losses in just one trade, at least you will be able to minimize it by getting small profits. You are also accumulating experience and lesson along the way which would be the key to be a successful trader in the future. There may be times when you experience losing but then if you make a trading strategy and follow it without your emotions interfering in the way then eventually you can be profitable.


It is better to act and try to gain some coins than to complain all day that the market is not doing good. Take for example bitcoin, the price went up and down and if you use technical analysis from it then you would have reap profits from it but if you are holding then you are just complaining that the price just bouncing up and down.

If you can see the effort of the team wanting to achieve even the softcap just to implement the project then there would be nothing wrong for them to extend the ICO date and if after a few days, they would be able to collect the required amount then that team may have a good future but still you should be cautious with your investment because there are no guarantees when it comes to cryptocurrencies.


Like what is happening now wherein many investors are having doubts when it comes to investing because the cryptocurrency market is doing good so it would be better for the team to extend its token sale until such time when the investors gain back their confidence like what happen last year wherein many ICOs are successful to achieve its softcap/hardcap because cryptocurrency market in general is doing good.

This is the reason why I don't join bounties that ask for KYC because they might be just another company who would be doing this. Even if they wouldn't be able to collect huge amount of money in their scammy ICO, they can still get some money by selling the information of those investors who wouldn't only lost their money but their identity were sold as well. As for the bounty hunters who most probably would be thousands of them if the ICO is famous and many bounty participants, then they can still get large amount from selling those documents.


Yes, those scam ICOs would tell the people to pass KYC because they are just following regulation. Since scam ICOs are getting ahead nowadays, I would just choose to buy the coin when listed in an exchange. There is a possibility anyway that the price would be lower than ICO and if you think about it, it would still be the same as getting the bonuses during ICO.

You should study your coin first as to its volatility so that you will know how much percentage it is capable of swinging and then turn back up again. After all, it's one of the things you should do when you are doing technical analysis. When you observe that in the previous scenarios, they would sell below support then put your stop loss below that percentage so that you can avoid being triggered of a false break out.


I don't think BTC is an option to this because if you only hold your coin when it reach almost $20k then you are at a huge loss now unlike when you have a stop loss at maybe 10% then you maybe already had profit now or even at a break-even. I believe that stop loss should be applicable to all trading pairs without exception.

Yes, when the stock market crashes, they would find a way to secure their assets and most likely they would go back to the one they are most comfortable with which is gold. Although there is a possibility that they would shift their investments and put it in cryptocurrency instead, they may think that it might be the same as stocks as it is still a speculative market so instead of cryptocurrency having the advantage, it would still be affected with the crash.


Many are expecting about the impending crash of the stock market this year due to the cycle which is ten years from 2008. Even banks are having a hard time retaining their employees and if that happens then most likely, cryptocurrency market would crash as well and people would just buy gold because they know that it always has value and more uses unlike cryptocurrency in which majority of it are just existing for trading purposes.

It is still unsure that the price of bitcoin will be good in September and will rise then but then seeing the positivism of the people whenever the price rises, there are still plenty who would buy then if the market is already in a good condition and if you are one of those who believe that bitcoin would exist for a long time and would be more valuable then just continue holding your coins then or buy even more when the price goes down to average down and then you will be able to profit in no time.

Just take profit whenever you can though because market is so unpredictable. That's why mistake before not taking profit and then end up selling it at a loss because I need the funds then so this time around, I would take it and then always follow the plan and cut loss if possible.

Yes, it is one of my basis too in keeping the tokens for the long term because if the team is not knowledgeable enough with their project and just let the people think that they are not doing anything with it then probably they do not care that much about the project. A good team communicated properly with its community because when they are more active in the community answering inquiries then most probably they can have more investors on their project and even if it is already listed in exchanges, they are still active.


It's already too late for me to sell if it has already lose more than a quarter of its value so the best remedy for me is to buy more so that I can average down and then when the market is doing good again, I can sell it afterwards for a profit at a lower price than what I intended to sell it for the first time I bought it.

I agree with those coins that has high volume because there is liquidity so you can take advantage of its movement since there are always traders on it unlike those low volume coins wherein there are times when there is no movement at all and there is a risk as well that it will just become a pump and dump coin so as much as possible, avoid those low volume coins for short term trading.


I also like Stellar Lumens because it's a high volume coin and fibonacci retracement is working on it although it's not applicable all the time but still working so I already have an advantage using this indicator. An indicator most likely will work on high volume coins because many traders are also using it so you will have the same support/resistance level.