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Trading signal platforms or groups are profitable for other people but not for me. I tried to pay a premium fee just to be in a signal group and to be honest, I am earning decent for the first few days but after a week, their calls are not profitable anymore, it seems like they are just lucky enough for their first calls. After that, I don't trust the signal platforms or groups and I would rather spend my money in buying a legit trading course rather than relying on other so called trading experts.
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When I notice that I am in profits then I will look for the latest resistance base on the chart and that is where I will base my exit point, probably a little bit lower than the resistance so I can make sure that I can sell before it tap the resistance point. I always set my expectations and also profit taking realistically because if the profit taking target is too much then I would just end up losing money.
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Banks won't be needed anymore in 5 years.
Open your eyes big banks are already splitting into customer banks and investment banks.
Customer banks are going to die and they are already preparing for it.What stays are investment banks.
EU,China,Japan etc all declared to bring their own digital currency out.
Once the transition has been finished the customer banks will be history.
I don't think so. Banks will be still here after 5 years, the banks are now improving their system and trying to make digital currency. Most of the digital currencies in the future will be tied up with the banks and that is how the future looks like for the banking industry. Banks existed a lot of decades ago and it is too big to just vanish in 5 years. |
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If we are going to have a taxless system then it will just destroy our nation. Taxless means there will be no fund for the government to continue or start the concepts or ideas that they have to improve the current situation of a certain nation. Taxes are essential and without these, we will not attain all the things that we are currently enjoying.
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Which side do you think is right? I want to hear from you sincerely.
If I had to choose, I would choose the Fiat currency, because the Fiat currency currently dominates the world. Cryptocurrencies are currently not considered a currency that most people consider a form of profitable investment. You will find it very difficult to find a place where cryptocurrencies are considered as a currency, even in many countries you will violate the law if using cryptocurrencies in payment. Perhaps my best answer is that I will hold the Fiat currency and then split a portion to invest in cryptocurrencies. I have cryptocurrencies such as bitcoin and ethereum but I keep trading it to become fiat currencies because of its uses. There are only few merchants that are accepting cryptocurrencies as a payment that's why I keep using fiat currencies to pay my bills and also the goods and services that I buying. The fiat currency have a great role in our society and it is the reason why it will never be destroyed and surpassed by cryptocurrencies. Maybe as of now that is the situation but I think in the future where everything will be in digital then I think that the fiat currencies will get removed in our system. Governments will for sure create a cryptocurrency that is better than fiat which is what we are going to use in the future. We will be dealing with cryptocurrencies in our daily life because of the convenience. |
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The larger their stash of Bitcoins the more trustworthy they are as an exchange. I would trust holding my BTC, ETH, LTC and other cryptocurrencies on Coinbase simply because they have such a large stash.
Most banks operate in the same way.
It doesn't work in that way. Having a huge stash of cryptocurrencies means that they are trustworthy, there is still a chance for them to get hacked or even run away with its user's cryptocurrency. If you are currently thinking about depositing your cryptocurrency which is a huge amount then invest in a hardware wallet and hold it by yourself to avoid complications. |
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Undoubtedly, it is very good that many countries are testing the use of cryptocurrencies,but it seems to me that no country will refuse to completely abandon Fiat money.Only stablecoins supported by national currencies have one chance.In the rest, due to the volatility, many countries will not officially want to work with any cryptocurrency on the market.
I agree. Most of the countries who are now trying the world of cryptocurrency are now going to make their own version of a cryptocurrency since the traditional or the most of the cryptocurrencies that we have here in the internet is so volatile which is not perfect for a country because it will have a huge effect on the progress of the economy. |
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We already discuss this and I believe most of us agree to leave trading signal. Trader must use their own skill to built the best performance face market in every condition. Learn and practice is not easy but use signal will make you bankrupt.
It is not always that way. Trading based on a signal will not make you bankrupt most of the time because there are still signal groups online that are giving good trading signals. It is still better to rely on yourself rather than to others because when you master the way of trading then you can easily surpass the potential gains that the signals offer. |
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I guess you mean altcoins..? Bitcoin will boom no matter what because it is Bitcoin but altcoins are very hard to boom mainly because there are very less coins which have a purpose and less cons than pros.
It is clear that he is pointing about the overall market which is the cryptocurrency. In my opinion, whether it is bitcoin or altcoin, they will both boom again. Dumps and bear market is normal for a market because that is how they flush all the weak hands in order to start a new cycle and create profits. It is about having patience in investing and trading to make sure that the big players will not fool you with these types of cycles. |
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Although market never rest, trader need rest. I think technology nowadays really help people because there are a lot of apps in playstore that can help us to see the price of a coin in market, or maybe in phone we can open the market if only want to see how was our order although not in front of PC.
A tired trader is an ineffective trader, I know that day traders would like to look at their screens 24/7 but that is simply not possible, so the best thing to do when we are tired is to take a rest and do something we enjoy a lot, that way you will recharge your energy and you will be fresh to trade the markets in no time at all, just make sure that whatever you enjoy does not consume even more of your energy as it will be impossible to trade if you are even more tired after you attempted to relax. Catching up with other things that gives you some relaxations will help you to strive back, most short term traders stress itself whenever they've seen that the market is not favoring their position in order to lessen the burden they've needed to find some other activities to freshen their mindset and recreate another strategy. It's best to find additional activities that will keep your mind active will be more helpful to keep adjusting for the best outcome of your business inside trading. Definitely. We should have some time for ourselves to unwind and treat ourselves. We should not always get stressed out in the market looking at the charts and thinking about the cryptocurrencies that gave us losses. It is okay to have losses but it is not okay to get stressed out because of it. Just take a break and refresh yourself and then get back stronger. |
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It's possible once you already gain the right knowledge to use incorporating every ideas that you learned to the best outcome that you need. Scalping might be too risky in such a manner that only risky traders can manage to take. To those who can't afford losing in the short period of time needs to continue holding and wait for the bounce to happen. The chance is slim and the percentage of profits is small but good enough if you executed correctly.
Man, you can see over 2 years, many altcoins was died or decreased more than 90%, seem to be worthless. I agree that we need knowledge and experiences if we want to earn from margin, but It's a possible way in this time, when almost holders lost their money day by day with the current market condition. Altcoins are completely dependent on the value of Bitcoin, so in any case, Bitcoin should be more trusted. Currently, altcoins are no longer widely believed, so the risk can occur at any time if Bitcoin drops. In addition, altcoin investment will take a lot of time to wait and if you are unlucky, you will have a huge loss in this market. Of course, the final decision is yours and think carefully before doing this. The real point is that right now all of us have to wait for the good bull market and if that time came then none of the coin will perform bad. In the current market the altcoins is facing the same situation which bitcoin is facing. The coming year will be best for bitcoin so it will also be better for altcoins. It is not right that now altcoins are not good but actually their time will also come when bitcoin pump. While the market for both bitcoin and altcoins are in a downward movement, we should really take advantage of this and buy a lot of cheap cryptocurrencies for holding until next year. I also believed that next year would be one of the best year for cryptocurrencies as there is a huge event for bitcoin and that would hype up the overall market resulting to a bull market. |
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it's actually normal on trading scene where everything is not turning like you have expected, you might say A stuff but it's going to be B and most of us are experiencing the same kind of result everyday, i think it would just better to not taking your emotion when taking a decision just use your open mind.
At first, you will started to be confused in everything, and will also learn to loss some of your money or the coin you are holding. We need to be careful in each trade you are doing so that by next time you will not be losing more of the money you are investing or playing. It is okay to be wrong sometimes, as long as that you will learn from it. Luck is only a secondary trait that you must have but it is . Learn from mistakes and never do it again. Experience is the best teacher in trading. Losing or winning in trade is just fine as long as you are not gonna stop on trading when you are losing just think of it as a fee because you learn something for that loss. I remember when I was just starting to trade, I always lose my trade got too emotional and go all in, in the next trade, I end up losing almost all of my money. Still, what's important there is I learn to control my emotion after that incident. Today I am still trading and still learning. Just don't stop when you lose! I agree with this. Instead of looking at the negative side, look for the positive and be optimistic. Losing money and having failures in your trading is pretty normal because that is how the growth starts and that is what we need in order to continuously improve ourselves and become the best trader that we could ever achieved. |
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If you are going to spend bitcoin, spend your bitcoin to grow it into a bigger one and do not spend it on useless things. The price of bitcoin is an indicator that we should be smarter in spending our bitcoin because it will become a loss if we will spend it without having any benefit or return. Use your bitcoins to buy altcoins so you have a chance to make more bitcoins as the market becomes bigger.
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To be honest, I won't.
There might be some plans behind it and I know that there will be a lot of people that would still use it, me? I don't think so. Honestly, maybe that is because I would not be earning anything from it the same as other cryptocurrencies. I am used to volatile and decentralized assets so I guess I would stick to that and not to Libra.
I agree with that. I also preferred the cryptocurrencies that are volatile and decentralized because that is where the opportunity is. Libra as a cryptocurrency is not really a cryptocurrency because it is just like a digital dollar and you cannot get anything from having that. It is better to just risk your money into the real ones like bitcoin where you can make at least 10% return in just a month. |
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Bitcoin will never run out or die. because it is backed by dozens of underground organizations and you won't know how strong they are. when its price plummets, the sharks will pump up the price so investors have confidence and then all return to the fight. so that's all in the crypto market operator's strategy, don't worry. The important thing is that you should store a lot of money and invest in bitcoin at the right time, you will certainly get rich soon.
For sure bitcoin will never be over but it uses to increase and decrease we only should buy at a low price and sell high prices. It will rise again high but we only need to keep patience and waiting for the recovery. Later it will be high again but have to wait until it fully recovers those who think that bitcoin will ever over they are actually scammers. Those people who are saying that bitcoin is over are probably newbies or just getting started here in the market. Patience is indeed one of the most essential thing that you should have when you are in bitcoin because it will legit take time to make huge amount of profit. Aside from patience, you should also have a strategy so you can easily identify if the price is a good deal or not. |
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I am not surprised to see that coinbase is holding this huge amount of bitcoins. The users of coinbase has nothing to worry about because their bitcoins are in a cold wallet so even though there will be a lot of cyber attacks directly to coinbase then there is nothing they can get from coinbase because the funds are already in a safe place.
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If you have a cash for a whole bitcoin. I suggest to you to divide that cash into several parts so you can do dollar cost averaging. Dollar cost averaging is helpful for situation like this because the market seems like full of confusion because it doesn't have a clear path where it is being headed so cost averaging will help you to spread the risk of investing.
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Trading is not main for everyone because if you cannot discover what you are doing wrong that is making you to be making losses since you have started trading crypto currency till date then you just have to quit trading and look for something else doing that will make money.
Exactly. There are really individuals who cannot trade successfully and end up losing most of the time. I suggest that you should take a break first and find some other way how to make an income from crypto. I know there are a lot of ways in crypto, only you should be explore the crypto world. Exactly, if we don't find anything profitable through trading, we should deviate our interest to others where we can make money. There are many other ways where we can make money because sometimes it is very hard to find those activities. Every time it is impossible for us, to keep on investing in different investments. This is what the people mostly in the cryptocurrency community are doing, they are so obsessed in the hustle of cryptocurrency that they think that they should forced themselves to be profitable in this market forever. They didn't realized that the cryptocurrency market is such a small fraction of opportunities in this world. There is real estate, stock market, e-commerce etc. |
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For those people saying that lending with cryptocurrency is risky, I think it depends on what kind of lending you're referring to. As far as I know, when you're lending money with cryptocurrency the borrower will have to submit their equivalent amount in cryptocurrency as a collateral so that if they don't pay the money that was lent to them, then you will have to hold their assets and not give it back till they pay back with interest. So tell me, how is that a risk business? You can check out platforms like Nexo.io and others that lend money with cryptocurrency and you will understand how it works.
As for bot trading, I have never used bot trading before so I can't really tell how it works and whether it is a good choice to make. I have tried getting info from people that claimed to be using bots for trading and they never tell me whether it is profitable or not, so I'm not interested in that.
Lastly, staking. Staking is good, because it is safe and you're not going to lose money. You just have to make sure that you're using the right platform. And some people might not like it because the interest is not much. If you want to make something reasonable then you will have to stake a huge amount.
It always up to the person on how he is going to manage the asset that he has. Lending might be too risky for other people but for some, it is the best way to have a source of income. Everybody has their own structure of how they are going to deal with things and everyone should always remember that it is best to study what you are getting into before you invest money into it because if you do invest without proper education, you are likely to have a 100% probability of losing money. |
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i think speculation technique is good one from the trading technique so its better to choose this one for avoiding losses
According to my, I think both the skills are connected to crypto while trading its important to speculate your money then spend. Trading is about the knowledge you will need high standard information about trading. Where there is profit there will be chances for lose so don’t be so emotional in trading just give your best. Yes, we should be very strong when it comes to trading because sometimes we might lose patience and this will surely help us to lose value in the market. Emotional will not help us to make profits and without knowledge, in trading, we will not help us to protect when we are in fluctuations. sometimes panic always makes us lose more and more, I often get emotional when trading, so it's like making me gamble, because I want to immediately get a lot of benefits in a short time. yeah like FOMO You are right to panic will always kill us, Sometimes it is impossible to make huge profits in a short period of time because it is completely based on the asset we have chosen. It might take time to make money, but surely we will make some profit on what we invested, but it depends upon the coin we choose for investment. If you are into making profits short term, you should learn how to do technical analysis because that is the best tool that you can use in order to make profits whether short to mid term. Panic selling or panic buying will not help you, adapt the fundamentals of the market first so you can decide on whether you are about to buy or not in a calm way. |
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