Well said, the patience is not unlimited but the stress level is limited and can harm the trader's mentality. The cryptocurrency market can be dangerous for the new investors, there are tons of reasons why they should not invest the money which they can't afford to lose, especially in the volatile decentralised market.
You are absolutely right. Since mid-2018 until now I have been trapped more by the market and several times Cut loss in order not to lose more funds. Of course, it affects my mentality and confidence, so I prefer to just wait and see until the market is conducive. New investors who are inexperienced, easily influenced, want large profits in a short time, are not suitable in a market like this. |
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- the main strategy: buy low, sell high.
- To determine the right sell and buy positions, you must understand: the analysis technique uses many indicators available on the chart. frequently used are Bollinger bands and MACD.
- to get the right momentum, you also have to update information related to news and rumors circulating.
- to maintain the security of your funds, you also need to have good mental management so that you don't panic easily.
complex right? well the theory is easy to learn but the practice is difficult. Need experience.
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I don't know, the OP sees it from which perspective. Conversely, the popularity of ICO has declined since there was a lot of fraud, market conditions declined, and now IEO is more reliable in attracting investor interest. Well, although the success of a project is not only determined by ico or ieo, it can be a good strategy in forming a network.
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Analysis techniques can be learned, many sources of knowledge can be read. What's hard to get is the experience. Being a trader with a strong mentality requires a lot of time, ups and downs, losses, and other bitter experiences. That is what builds the experience to be able to exist and adapt in the cryptocurrency ecosystem. Trading requires analysis, not just luck as gambling. Risks must be understood, never invest money that you can't afford to lose.
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Registered on ICO rating websites is not a guarantee that ICO will succeed but of course, it would be better if the project was listed on ICO rating websites. But for me, it all depends on their vision and mission, if their vision and mission are good then I will participate.
Because ICO website rating is not the main parameter of project success. I used to believe in ICO rating, but after several failures due to being fooled by high ratings but it turned out to be a scam, like Hashcards, Myriads, etc., finally, I decided to not stick to ICO rating website again. I prioritize independent analysis and consult with more experienced friends. |
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They do not understand crypto and have just joined crypto.
they just look for profit instantly.
whereas crypto is full of risk and not the best way to get money.
thats trues. It seems that many complain and complaints are new investors who do not understand the cryptocurrency ecosystem well. For those who already understand that cryptocurrency is not only about profit, they will certainly understand the risk of loss as part of their activities. Remember this well, if ready for profit must be ready to lose, there is no instant, everything requires a process. Although IEO promises many benefits, but not all IEO is successful, so do a maximum analysis, don't just be influenced by the news. |
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3.HODL Only Altcoins With Real Use Case
There are different categories of coins with use cases,many use case are weak use case,for example using fashion designer to back a token is a weak use case to me because it means you can only use the token to buy the designer wears and many will call this a real use case? no it wont do very well.
Make sure that the real use case of every altcoins you hold will be very reasonable,the products backing them up must be something that is different and will catch the eye of investors,the usefulness must be outstanding .
Exactly, I agree with this point. before buying a coin it is important to pay attention to the use of these coins because lately many new projects have nothing to do with the blockchain and lead to fraud. coins with the use of real will be more existent and long term which makes investors interested in investing their capital. |
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Crypto prices for the past days have been so bad, literally no improvements, bitcoin, the leading coin has only been moving with the same 9,500-10,300$ axis, although it was projected that the price rise to 20,000$ by the end of the year, is this still achievable?
actually, this is not too bad if altcoin prices also move up. bitcoin stable at $ 10k is not a problem at this time if altcoin volatility is high, we can use the moment of the pump and dump altcoin to increase the number of BTC. but what happens now if bitcoin goes down altcoin also goes down, but if the price of bitcoin goes up altcoin doesn't go up and the price stagnates. for the price of bitcoin at the end of the year reaching $ 20k or not, we can see the supply and demand. if the demand is increasing, I believe I can reach $ 20k, considering that in the middle of 2020 BTC will experience halving. |
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It seems that these difficult times have caused a lot of people to become crazy. cryptopia, which was known as a high-volume exchange, experienced these difficult times in ways that did not benefit their users. I am a person who is not easy to believe when an exchange releases news that they have been hacked, I wonder if they don't have security experts who can handle it. those working on the network must have known this threat, it should have been anticipated from the start. this looks like a game to attract sympathy from users.
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while the project keeps what they promised when launching the project I think it still produces. what makes bounty less productive right now is that there are too many developers who are not serious about managing their projects, so many bounty hunters are disappointed. actually there are still bounties that produce even though not as much as in 2017 ago
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most developers now have a good program for their community, even we know when there is a launch of a new project they are displaying their team and they have advisors in economics. I think they already have innovation and adopted the latest economic progress for their program.
the problem now is that many of them are not consistent with their own programs, such as inconsistencies in the road map or anything that makes community trust decline.
when the community no longer believes in a project, this is one of the causes of falling demand, which makes it difficult for prices to grow.
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Selling coins or tokens on the exchange that is not officially appointed by the developer seems to be less profitable because the price is usually very low. So it's good to look for official information from developers, don't be in a hurry, developers will definitely give you the best and most appropriate answers so that you don't get confused about selling tokens that you have.
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I prefer multiple wallets, of course that supports erc20 for most bounties. If I have to use another wallet just to comply with the rules. I think it's more practical and easy, I just need to add some ETH reserves for transaction fees. Saving tokens or coins in wallet exchange is quite risky, especially if there is an exchange hacking case.
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According to the market capitalization for each altcoin, currently Ethereum have the biggest market cap, and also given huge profit since 2015, the price when started tradeable is about $0.7 and the highest price in the end of 2017 is $1400, that return is really amazing. Ethereum has potential to raise again above $1400 in the long term because the technology will upgrade.
It is true. ETH is supported by large and growing developer products. This is very profitable. The smart-contract blockchain dominates the cryptocurrency market. This broad network forms strong market confidence, so ETH has good potential. |
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In fact it is like that, if there is an altcoin that has a low volume, of course the coins are less attractive. You can say there is no trade in the coin. You can conclude for yourself if a daily coin is low volume. What's more, the coins are in the market which does have a low volume for transactions every day.
You are right, if the volume is low it means the level of buying and selling transactions is also low. In other words, the amount of demand and supply in circulation is very low. Prices will be difficult to move, over time the price drops and are increasingly worthless due to lack of market interest. |
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I agree if Binance is in the first place. The volume is large and the security is pretty good too. Coins or tokens that will be listing there will definitely gain considerable popularity and market attention.
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The market has its own doings,different from what the majority expects,often because they are a few influential players behind the scenes moving it in the direction that aligns with their interests. Someday, we will move past this and have a market that is not being manipulate dby a few whales
Cryptocurrency is indeed difficult to predict, sometimes accurate analysis is very far from reality, yes you are right, it is one of the effects of the market maker. So experience and mentality must be strong, take advantage of every opportunity and not be easily affected by fud |
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Luck is also a determining factor, one of the reasons is because more scammers are trying to take advantage of the popularity of cryptocurrency through Ico and the bounty. The fraudster is very clever in hiding their falsehood. In addition, this rather bad market situation affected sales as well so that many ico failed to achieve sales targets, all of which affected the bounty. So, I feel hard work and luck affect each other.
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