Trade isn't slavery it's a competition, everyone is free to get involved or not, that's your choice.
Fake volume, buy-sell walls, bots, high fees are the reasons why someone can choose to stay away from trading, no one forces you to do it.
Once again, it's not problems in bitcoin, but problems for traders, they know the risk hence they deal with it.
It's a matter of risk. No one in this world is a genuine. And not all that we see is truth. Exchanges are earning because of traders. Manipulation of the market is always happening. There is no profits if they would not make fake volumes, buy-sell walls, high fees and bot. Yes, everyone is allowed to enter and exit to the market. But once you step in, there is a probability that you will lose. We cannot deny that there is always a risk of losing money and ending up as a broke if you will try to make money in cryptocurrency. I believed that not all the time, there is a manipulation in the market. The fluctuation for cryptocurrencies are now mature compare before. You can still make profit by doing a pure clean trade, just make sure that you know how to do technical analysis. |
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People who see the news as the increase/decrease in prices of BTC and alt may say so.
Actually the news just utilized to manipulate the price.
The last news that I heard yesterday was the Gopax exchange in a hack worth 51.2 million $, should it be bad news, but the market shows the opposite reaction.
It shows that the people in the cryptocurreny community is now getting smarter than before. Before, people used to react so fast with the news online whether it is a fake or not because they are driven by their emotions but now we matured enough to just focus on the technical side of the market rather than fundamentals. |
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Its true it seems that millennials is less educated and probably the worst generation where even in social media their post are annoying they're main concern in life is sex, drugs and alcohol. They spend more time in online games, burning their money doing meth & alcohol and social media than spending more time in productive skill development or investing their futures into something like crypto.
Yes I agree, even though im one of the millenial still I can say that people in this age are more dependent in internet, they are easily believe on what they are about to read without trying to do some research, the bad thing in this, they are the ones who are spreading the news also they can affect other lives too. We should help them in order to avoid spreading fake news or frauds online. It is now easier to spread fake news since the social media platforms are very accessible to the scammers because you just need a decent device and a stable internet. We can help the millennial to avoid getting screwed by educating them on how to conduct a good research first before they believe into something. |
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It really does. Halving creates deflation because it makes mining even harder because the difficulty after halving will become higher and the reward will be half. If the demand will increase after the halving then it will drive the price higher because the demand will become higher than the supply which results for investors and traders to buy at a more expensive price.
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In my honest opinion, I don't think that the Chinese people are controlling the bitcoin because if they are really controlling it then we can see different abnormal pump and dump in the market to wipe out the other people's money. One thing for sure is, bitcoin is not manipulated by the Chinese and the market is now more free than before and it is now relying on law of demand and supply.
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Before, I hold many bitcoins but now I do not have bitcoins. I do not hold bitcoins because the market is red where it consists of lower highs and lower high. I'm a momentum trader and a trend follower where I will only hold a coin or a stock if the market is bullish where it consists of higher lows and higher highs.
Even if the market was in red situation they did not say we cannot hold or buy some bitcoin for now and it depends on us if we want to hold bitcoin. Im holding some bitcoin right now even do the price of bitcoin are to low and Ill think this will a time to buy bitcoin. And I believe bitcoins it can be a comeback to take a price of $10,000 in next month. Bitcoin already gone through this for a lot of time and for sure bitcoin will come back again in the next couple of months because we are still in the stage of re-accumulation and the smart money keeps on coming in the market and once the pumps start then the dumb money will come in and it will become the fuel for the hype train and bitcoin will bounce back again and hopefully will set a new all time high. |
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Before I enter a trade, I already got a plan on how I am going to play with the flow of the market. The length of my holding time when it comes to trading always depend on the volatility and price action of a certain cryptocurrency. If the cryptocurrency already hit my target whether it is a take profit or cut loss then I will immediately do it because it is under my plan and I want to be discipline to stick with it.
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You can still get wealthy through bitcoin if you will invest now because the price of bitcoin is on a black friday sale which means that it has a huge discount offer. If you will buy now then you are buying yourself a chance to be wealthy in the future because the halving is about to happen in 2020 and it gives a huge hope for us investors because the production of bitcoin will get harder.
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I take inspiration from my dreams and goals when I am tired from trading. I always imagine the goals that I want to reach because that gives me a lot of fuel to have motivation to start trading again because I want to have a great life where I have financial and time freedom. Just always imagine the end of your journey if you will not give up.
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Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
The more the better. Why wouldn't you use help provided on the net if you can. Stuff like Newscrypto that have all in one place for traders are ideal for such situations. Yes I think this is enough for a good trader that he must have good stuff to get news about trade and Traders must have done good research before starting and he must have knowledge to fight against rise and falling markets. in my opinion he must have time to trade for long term and I think the most important thing about trading is long term trading and making plan before trading. When it comes to long term trading, I think the right term for that is investing because when we talk about trading, we are simply buying and holding it for short term and after we saw a progress on the market and gained profit then we will start to unload our bag and move unto the next one. A trader should have a solid technical skill so even there is no source of news, you can still trade well. |
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bitcoin is never over. why? Think about it, a decentralized market, no law, no system that can stop your favorite components from manipulating, so what is gonna happen? it will lead to more richer traders entering this fertile market and joining up with more rich people to create a new manipulation. and it continued until market capitalization soared and they sold Bitcoin to wait for better market conditions.
Yes, it is a vicious cycle of a manipulative market and it will never die. and it could grow even more in the future by being able to make a big profit in a day.
There will be a certain point when bitcoin will come to its near end. Bitcoin will have an end because you cannot make sure that there will be no better cryptocurrency that will ever exist to completely replace bitcoin. The only consistent thing in this world is change, so we should be ready on any changes that might make come to its end. While bitcoin is not dead, we should maximize the opportunities that bitcoin offers. |
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Maybe to prevent it, really make sure that the site we submit KYC is really legit, although not guaranteed if our data is safe, at least it is still better than we recklessly give our data into any exchanges that ask it or maybe when join bounty that actually suspicious, they can do anything with our data easily.
That's the most important thing to do, if they will require your information for KYC, you should ask their license so you can sue them once they do something with your info, that's illegal because KYC information should be taken care by the company requiring it confidentially. If there is a leaked, that's their problem too, just like what happen on Binance, so small or big company is not really safe, so we need to be careful with our data. Well when it comes to big exchanges like binance, i don't mind since we really can't do anything if they require information from its users. There are other lesser known excganges that you can use that doesn't require kyc but the risk would pretty much be the same if they're not reputable yet. When it comes to wallets, you have more options if you don't want to submit kyc like have hard wallets. Hard wallets, and some online wallets i think not really ask their users to do KYC. Maybe in blockchain in past need to do KYC because some people aim for their stellar airdrop. But for crypto market like what op said in first page, some of them really force their users to do KYC and maybe that is what some people contra for. What i only though in past, KYC is only to increased daily withdrawal limit and now a lot of people must do KYC. But for Binance, i think if only do regular trade, although long time i not use it yet, i still not KYC in that site yet. (correct me if i am wrong or if Binance change rules and ask all their users to do KYC) You can still use the cryptocurrency services online without submitting any documents to undergo and complete KYC. KYC is an option for the cryptocurrency users to add more layer for their security because it will help them to secure their account since no one can steal their account because it is supported by their documents that prove authenticity of ownership. |
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have been in cryptocurrency circle for like 4 years now and having so many good and bad side from any factor which I think it makes me realize that trading and investing on cryptocurrency is not such an easy task like everyone think, it requires you to think carefully and manage the strategy really well.
Even though outside the cryptocurrency trading or investing, you should still have to be very careful since there is always a risk involved in investing or trading. Right risk management and also planning well is one of the essential of trading and investing and if your recent investments or trades are not doing well then you should take a break from those things first and try to enhance and learn more things about those field in order to succeed and make more profits. |
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Since there are lot of strategy meanwhile bitcoin price get drop now and its better to start to hold bitcoin again. As soon as possible before it gets better upcomming 2020.
Not just hold bitcoin, but we can also buy more bitcoin at this moment because the price drops too deep. We can get the best time to buy bitcoin right now, and we can expect to make a big profit if the price increase later. But the problem is we don't know how long we need to wait until bitcoin price can increase again and we need to be patient to wait for that time. Don't be panic if the price is down again because the price will be bounce and start to increase. That is why you should have a risk management when it comes to investing. You should only risk that amount of money that you can afford to lose so no matter how long the waiting game is then you are still good because you don't mind if you lose that investment since you can afford to lose it. Trust your skills in analyzing the market and just stick to your risk management skills so you will be fine either short or long term. |
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I'm holding bitcoin
for a couple of months but now its dip again. So hold for longtime..
That’s great idea we should hold our coins like bitcoin for a long time because long Time holding gives profit it’s much better to keep buying and keep holding as per the market situation, so I know after few years the price will again pump so no need to lose your heart just trust your abilities I am sure within few more months the price of bitcoin will rise up high. I don't think so. Currently, Bitcoin is still in a downtrend and the bear market is still overwhelming the entire crypto market so uptrend will be very unlikely. At this time, we can do nothing but wait and restrict transactions because the risk is now very high. I think it will take another 5 to 10 years for the bear market to officially end and the new era of crypto market will be decided during that period. Everyone is expecting the same thing from the market, but every time the market seems to be fresh, but suddenly the prices will drop and this makes many people felt very bad about the market but, nobody doesn't have any clue when the market starts recovering. Patience is the main key in the trading market, we should wait. Force to trading in bear market, for me will be very stressful. Maybe sometime other people's suggestion is good to accept. Maybe holding only and then be patience, or at least not much see market price will really help us until bull trend really come. And we can kill our time with other thing that can make us earn and get more bitcoin like bounties or signature campaign. I agree to this. We should not force ourselves to trade while the market is in a bad condition because it will only make us lose money and feel frustrated about the trades that we made. Instead of forcing yourself to trade or make money, you should invest your time and money in getting new information or any type of education that will increase your value so you will have more chance to earn more money that you can use to cover your losses. |
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I have invested in bitcoin, and i would like to learn about trading bitcoin to hopefully maximize both my current and future investments.
Since i am completely new to the world of crypto i would appreciate it if more knowledgable people have any good resources or tips to share. Both for (hopefully) profiting from trading, and for practical tips on how to reduce fees, maximize security in a practical manner and anything else that is necessary and/or helpful in my quest to accumulate bitcoin.
If you are going to start crypto trading as your career then learn technical analysis which available at cost paid course or you can also get the same tips from other traders on social media platform like youtube with real time example.But don't trust them all there are some scammers or noobs trying to make some money by saying this as tips to be a good trader. it would be better if for beginners to avoid youtube, because it is difficult for beginners to distinguish whether a YouTuber is a trader or not, it will be easier to learn paid online classes or study in the real world. because for online classes or direct learning in the real world can directly survey before following it. You can easily identify if the youtuber is a real trader or not if he can explain the lesson or topic very well. Newbies or beginners should focus in learning how to trade through the youtube platform because it is free and very accessible so they will have no hard time in learning and finding useful videos that might help them to start trading on their own. |
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I do not find any such real reason as of now that market will not rise back again . Though it is a temporary phase of being down and we can see that it has happened in the past as well and rose above too after the fall . So good time to buy again some coins .
Of course, bitcoin will rise again. Bitcoin has done this move a lot of times based on the history from the chart. If you are here in the world of cryptocurrency for quite some time then you know that this is a big time opportunity that you don't want to miss. You should cash in your fiat in your cryptocurrency wallet to buy the good coins for long term and check your wallet after the second quarter of next year. |
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It is pretty normal to see bitcoin dropping too much on its price. It is like bitcoin is having a black friday sale for the people who really wanted to make the best out of their money and not to spend it to useless things that are on sale in malls. No one can really tell when will be the turn around or the change in trend but the only thing that I am sure is bitcoin will rise again and it might be next year since the halving event is dated at year 2020.
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No, I do not use cryptocurrencies in real life, because in my country it is impossible, there are no appropriate services and infrastructure. I hope in the future the situation will change and people in my country will use all the advantages of cryptocurrencies.
It is normal for most of the countries in this world to not have enough places that accept cryptocurrency as a mode of payment. They are still skeptical with the cryptocurrencies because they believed that it is more on the side of liability rather than an asset because of the volatility of the market. In the future, as the cryptocurrency will be known worldwide, I believed that it will be accepted as payment option like how people accepted and uses credit cards. |
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Over few years of investing and seeing the markets closely have understood that never chase the rising market and never cry when the market falls and take decision in hurry. Its always helpful to think wisely and invest more in the falling market rather than the times when market has already risen.
That is the reason why it is so important to have a plan whenever you are about to enter the market. You should have establish a plan about the entry and selling point of your investment or trade so whenever the market goes against to your bet then you know that it is a signal that you should straight up cut loss your position and move on to another. When you have plan, you got no emotions attached. |
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