You don't have to look at the screen 24/7 at the monitor to make profits,just adjust based on your convenience and involving crypto trading over active can cause mental illness as well.So all you have to do is to stop day trading activities or just limit them into less number of trades and the price candle can be 30 minutes or 1 hour.
Trading bots can help you to actively involve in trading while you are working somehwere but still if you are rookie with trading bots then better avoid them until you get to know much clearer.
Also it does not make a lot of sense to hold that many coins, since many of them are heavily correlated among themselves so if you you reduce the number of coins you are holding this is going to make easier to monitor your portfolio and it could take you just a few minutes each day, and it does not matter how busy you are you could always dedicate a few minutes each day to that and in the case you need to adjust your portfolio due to the movements of the market this will also only take you a few additional minutes. |
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According to my openion bounty hunting is getting so difficult day by day specially for newbies...Also there are many projects that's came out as scam & some also don't pay on time... Even sometimes development team change the reward pool at the very last moment.As a result we get low amount of tokens which eventually doesn't have any use of making some good profit from that bounty.
Nowadays getting a good project for doing bounty is very hard...Let's hope for the best in this year...
For Newbies, the only way to earn nice reward is to have social media accounts with lots of followers. Regarding projects, unfortunately they depend on how much initial funds they have and on investors - and those are currently lacking. I think that if the project doesn't have its own funds to pay for the bounty campaign in exchengable currencies, this way of promotion will simply die soon. The problem is that even if you get a lot of coins that is not going to help you that much because as we know icos and ieos are having great problems to get enough funding due to the huge amount of scams in the market and until this changes I think that bounty hunting is going to become a waste of time, it is better to dedicate your time to do something else that can be more productive and that pays you in bitcoin instead of those useless coins. |
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Few days ago I decided to utilize some fraction of bitcoin just sitting in my trading wallet to try profiting from the market. Although I may profit when the profits was calculated in dollars but unknowingly I lost massively in Satoshi value. That means assuming I just kept hold of my coins I would had made almost the same value I made with the coins i bought. Many traders haven't realized this yet but just get carried away with the US value of their trades without realizing they lost some satosh in the process. When training, what are you mostly concerned about, to gain more profit in bitcoin or gain more in usd dollar without minding if you lost some Satoshi value?.
This is very true, many times I see people bragging about their profits and when I see their results I discover they have made more money by just holding bitcoin, and what it is the point of holding an altcoin if that altcoin is not going to outperform bitcoin? When you think about it this does not make sense which is one of the many reasons for which I am really careful when I decide to invest in altcoins and as soon as it seems I am losing some bitcoin I sell them. |
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I think many of those people are doing those predictions to bring attention to themselves, we know that bitcoin is going to eventually reach some spectacular prices, we all know it, but they are making those statements so in the case they happen to be right they can get the glory and say they were the ones to perfectly call the top of the price and the moment it happened and gain fame and a lot of money when they do this if they happen to be right.
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Right now? I don't see that we are in a bull trap.
The price is steadily going up everyday, we have seen this kind of phenomena in a bullish cycle. The price gains might be slow though, and others call this a mini bull run. But this could be the start of a big run in the coming months, specially as we approach the bitcoin block halving event in May.
It is clear this is not a bull trap the rise in the price has been sustained and it has been very slow, if the price begins to go down then many people would have obtained great profits out of it and only those that FOMO will lose money, so I do not see how anyone could tell this is a bull trap even if the price went below 6500 which is the previous low, but right now I do not see any possibility of bitcoin going that low ever again in its history. |
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Hi Everyone! I was recently browsing through Twitter when I saw BitMart list TSL. After digging around the internet for a while, I couldn't find anything. Not a website, github page, facebook page... nothing. I wrote an article about this experience and I would love to hear what you think. Why do you think exchanges are still listing shitcoins? Do you think there are some advantages to having a bunch of shitcoins on an exchange? Cryptocurrency Exchanges are Still Listing Shitcoins
I can't wait to hear your thoughts! Exchanges care only about one thing and that is to make money and if they have to list bad coins to make money then they are going to do it, I know this sound bad but it is the truth, exchanges like any other business want to obtain profits and if people are willing to throw away their money to those coins then they are going to list them even if deep down they know they are listing bad coins, at the end of the day it is not their job to help investors to manage their money and if they want to waste it in such coins then so be it. |
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If you could only make 0.10% a day you would eventually be a billionaire, even with a small starting balance. The issue is that its very difficult to be consistant.
There are times when Bitcoin trading is easy when we got clear trends and you can just catch the trend but there are many times when there is no volume and it just trades sideways like it does many days. Look at the daily chart and see how many times we had a daily inside close day, its more often then you think.
Hence if you try and trade those choppy days you will most likely get "chopped up" and most of your losses will go to brokerage fees and the spread. So this is why its easier said then done. Its like the stock market, it goes up and down many %'s of the day but its even very difficult catching 0.1% of that move before it starts to move against you and result in losses.
Exactly, compound interest will assure you that as long as you can obtain profits at that level then you will eventually make a lot of money but as you say the issue is the consistency, it is impossible to earn that every single day, you could have a day in which you earn 10% but then you lose 9 days in a row and all the profits that you had got erased because of this string of consecutive losses, the worst part is that it is impossible to avoid those losses since no one can accurately predict the future. |
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Hi guys I would like some guidance and a understanding on trading I’ve been all over the internet and I just don’t know who to trust and get valuable feedback from what are your opinions on trading as a whole and in what direction do I take my first step
You are suffering from information overload, there is so much information about trading on the Internet that you do not know what to believe, but you do not really give an example of what is the source of your confusion, so it is impossible to answer your question, however be very careful there are many scammers out there selling systems that supposedly win 99% of the time and when you actually try those systems the accuracy rate is nowhere near to what their creators claimed. |
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Well!! Bitcoin cash is one of the most popular crypto in the cryptocurrency market, as a lot of experts have been predicted on bitcoin cash. According to Several experts bitcoin cash price prediction the price will go up in 2020 and investing in bitcoin cash gives a better return on investment. What's your take on this? If you are only interested in making money and you do not care in which coin you are investing then bitcoin cash can be a good option for those looking to make money, but at least when it comes to myself I am never going to invest in that coin and this is because I do not like the fact that coin tried to steal the name of bitcoin and tried to tell investors it was the real bitcoin and that bothers me and that is something I will never forget and it is a clear sign of a scam to me. |
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I am not good with it, to be honest, but I can suggest you this site. https://www.tradeciety.com/the-basics-of-chart-reading/I asked my friend about the candles they are talking about in the past since I am so left out when they talk about the price charts in the past. At that time we usually hang out and they would have this conversation where they would talk about the movements at the chart and they have this name for that. They just laughed at me and suggested this site to read for a start. I have some photos of the patterns of the candlestick chart, the same as Renko charts and point and figure charts. It is important to learn as much as we can about that subject, even if you do not want to be a trader and you are an investor you can still use the charts to know the overall direction of the market and know if you are going to obtain profits or if you are going to face some difficult months and you will need to prepare yourself mentally for that, so even if you are an investor you can easily see that you can get some important benefits from learning this subject. |
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not enough before we can say the bulls are in. If bitcoin can make it to10 -$11k by next month i will say that the bears are trapped and can no longer escape and bulls will dominate the market the whole year.
Looking at the current economic conditions of instability, investors will naturally prefer to save their assets in the form of bitcoin, so that, the prospect of rising prices and high demand and limited supply would be one of the reasons Bitcoin prices will soar in 2020. True as you said, if bitcoin is able to break the resistance at $11000 this will certainly make the price of bitcoin even stronger so this year's long bull run will most likely occur. One very interesting thing that some people have noticed during the last months is that bitcoin is not behaving lately as in the past and instead of behaving as a stock it is behaving as gold, and this is good for us, it seems that from now on whenever there is uncertainty the price of bitcoin is going to go up, but at the same time this can be dangerous since it is going to be very difficult to predict what the price of bitcoin is going to do when there is no crisis on the horizon. |
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There is only 1 week left until January ends, and the current bitcoin price is trading at $ 8300 and tends to go down in the coming days. The chance for Bitcoin to go up to $ 10,000 in January is very low, even it will not reach this goal. I hope in February the price of Bitcoin can continue to go up the same way as before and my goal will be $ 11000.
And then just a few days later the price has surged very quickly, while this may seem like good news at the same time it worries me, the price is moving up too fast and the last time this happened we saw an important crash and if this were to happen again when we are so close to the halving this may change the dynamic of the market so much that we could see another low, I hope it does not happen but the possibility is still in play and we cannot ignore it. |
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Its true because its a fact that most altcoins are dependent on Bitcoins price. However if the Bitcoin’s prices improve so the altcoin does. Lets understand tha hate but the market in general is still struggling to recover from what it had experience in 2017.
It is true there is an important correlation between bitcoin and the price of most altcoins but at the same time during the last years altcoins have moved more independently from bitcoin but the problem is that this mostly applies when bitcoin is moving up and altcoins instead of moving up with bitcoin they do not move at all or their movement is many times smaller than bitcoin and it is why altcoins have not been very profitable during the last years. |
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At coinmarketcap, we can see over 5000 altcoins officially listed. But surely more than 80% of the altcoins there died and became scams, with too many weak projects and scams causing the market to collapse as it is today. Even in 2019, I see a few projects in the top 100 that have become scams, like QKC, CMT ... In 2020, I hope the market will only have about 200 altcoins active. At that time, investors will focus on quality altcoins and help the price go up
And you need to think about the following, those are the coins that made it, those are the coins that are big enough to be listed by such websites, there are many other coins that tried to get there and failed and their project died really quickly, so most likely at any given day there are probably a number of coins that double that amount, meaning the situation in the market is many times worse than we imagine and even if I want that most of those coins disappear this is never going to change since scammers are still getting profits with their bad projects. |
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ICO's are getting really low on popularity because they are doing IEO's now. As exchanges progress too, projects who wants to be known are launching their projects on it and giving more security to the investors who will possibly buy their tokens.
The popularity of ieos is not going to last long, at the beginning people got excited over them because they saw them as a better alternative to icos and in a way they are, but as long as the projects keep losing money in the long term and are unable to fulfil their goals then there is not going to be any way in which exchanges can sustain the popularity of those coins, people do not have an infinite amount of money to lose and even if they do not lose everything they will stay away from ieos from that moment on. |
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In my own personal opinion, the reason why we need to study economics in the university is because it is a real life application that if you have an idea about economics, you have been able assess businesses instantly and you will understand how the world really works when it comes to money and production.
I agree with that. Studying economics will help you a lot because you will have an edge compare to other people because you can identify the advantages and disadvantages of something in terms of an entrepreneurial perspective. I hope that more and more people will study economics because it will boost the chance for a country to grow and be more competitive. Economics was my favorite subject at college as I never missed any class when I was a student that's the only reason why today I am able to make proper analyses for the market and I know when to buy and when to sell. How much I should invest for how long that's all I learned from my economics subject in my college days so every student should learn economics. One of the things that never cease to amaze me is that people spend a great deal of their lives learning all kind of knowledge about different disciplines but they never spend the time to learn how the economy work so they can make use of their money in a more effective way, and this shows especially in this market in which most people do not really understand why bitcoin was created and they only want to earn money with it but are unable to do it because of their lack of knowledge about the economy. |
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Bitcoin's will surely have good days ahead post halving but which will be the most valuable altcoin for 2020? I vouch on Ethereum and Tron but I would like to know expert's opinion as it would help other members while choosing their altcoin investment as altcoin does pump along with bitcoin so those who cannot afford to invest into bitcoin can invest into altcoins.
It is impossible to know the answer to that beforehand, we will need to look at the market of altcoins and see which altcoin is the one that is the most profitable, I have high hopes for ethereum, it has not moved much during the last years but most of the time that indicates that a movement will happen in the future and when it does you do not want to miss it because it will give you an easy chance to double your bitcoin in a short amount of time. the most valuable altcoin in term of marketcap, ethereum will be still the best here. no one coin can beat it But it wont give the biggest profit. Bcz marketcap have been high, it needs so much money to multiply its value The low coin is possible to get higher profit, this is in line with high return high risk. So, make sure that we have good money management bcz of the risk is high It depends on what you are looking for, in my case I am looking for a coin that can give me good profits but at the same time that has a very low risk of giving me big losses and the best coin for that is definitely ethereum, it is true that a coin with a low market cap can be more profitable but those kind of coins can go to zero and I do not want to hold any coin that has the potential to do that, I prefer to get less profits but with a lesser risk of losing my money. |
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Hi everyone, I'm new to the platform and a new crypto-currency lover and passionate about blockchain technology. I have lots of ideas and questions about crypto currencies and my first one, could Bitcoin see its value increase as much as in 2017? Thank you  Bitcoin has the potential to increase as much as 2017, but we don't have the right time when it will happen. No one will know how much price bitcoin can rise, but I predict that the price will increase more than $20k in the future. Although that increase is not healthy, as long as we can be ready for the coming, we will have a chance to make a lot of money. So far, bitcoin has reached $8500, and that is a good sign for bitcoin to break the higher price. Bitcoin is finding a lot of problems to go up and it is not difficult to see why, the bears seem to have a very strong resistance level at 9000 and until we can break that resistance in a decisive way the price is not going to increase and since I am not really sure the recent increase in the price of bitcoin is very solid then it is possible we will begin to see a small correction, people need to be very patient a bull run will come but this does not seem like the correct time for the bull run to appear. Yes. Ratio demand/supply hasn't changed from before the rally. This will only change after the halving. But a steady climb in the support levels has started, which means that every low will be higher than the one before. The reason why, is because the number of people doing HODL is increasing. Everyone wants to secure there positions as we approach May. So in a sense supply will have a steady drop during this next months (ratio demand/supply > 1, new price = Price x D/S). If there is a crazy rally it is just whales taking advantage of FOMO. Volatillity will be very present in this period. That is definitely a possibility, however there are some traders out there that are warning that we are still not out of the bear market and if you remember there was a time during 2018 in which it seemed as if bitcoin was out of the bear market and then it returned and it made the price even lower, that may happen again and in the case it happens we need to be prepared for that scenario, I know no one likes to think about that but if it happens and you are not prepared you could lose a lot of money. |
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Bitcoin is just in the hand of a few to manipulate the market as they want. You gat to learn how to swing with them (whale). Regarding the 100K per Bitcoin, it is a good hope but nothing something to be expected at any time soonest
Many believe that due to the size of the market it is impossible for the price to be manipulated and that is simply not true the price is going to be manipulated no matter what you think, the whales are very powerful because they are holding huge amounts of bitcoin and as soon as they see the market moving in one direction they can always move the market in the other direction and get the money of all of those that were using margin trading in a very easy way. |
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Indeed, I once used an office computer for crypto affairs and often did because I was lazy to bring a laptop from home for work. I trade on office computers in various exchanges and I feel safe because my office computer is just me that uses it, and at the office only I deal with crypto. My friends don't know what crypto is all this time.
This kind of attitude is very dangerous, what are you going to do if one of the people that work with you finds out that you are dealing with cryptocurrencies, they could steal your password and then steal all your money and you will never know what happened, it is better that when you trade you only do it in computers that you know are completely safe and that no one has an easy access to them otherwise you are taking a huge risk since you are trusting that everything is going to be fine and one single mistake can be enough to lose your coins. |
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