At the beginning, I traded frequently every day. I lost a lot of money because I didn't know what was valuable. I missed a lot of valuable buying opportunities at a low price. Now I will understand this currency before I buy it. I decided that this helped me a lot. I made some money. Everyone made mistakes. The important thing is how you learn from mistakes. It is important to learn not to make mistakes!
Trading is not a very easy profession, it becomes more difficult if you don’t have good knowledge of the asset. But mistakes are what gives us experience and help us in growing up. I appreciate your persistency and spirit of not giving up. Day trading is a whole different story in itself. It takes even more efforts than long term trading. But all you need to do is not sell out crypto coin if it keeps going down any particular day. Check the price out next day and go with bitcoin. |
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For me now high bitcoin price is an advantage for me. I can sell some coins to get cash for my daily expenses. With high bitcoin, bitcoin campaigns will open up a lot, so you can easily join and make money. The higher the price, the faster the e-money market is going to develop. Bitcoin trade will be easier.
Bitcoin is seen as an investment tool by majority of its community. They can make profits only if bitcoin will gain value with time. Otherwise, there is no way of increasing capital if bitcoin gets stuck at one particular value. You will be making big benefits from bitcoin because it is destined to rise up. Even if someone has bought bitcoin when it was 20k dollars, holding it till the end of this will return a profit of 10k dollars as per the predictions of crypto experts. |
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I always prefer to get into bitcoins and altcoins at the same point. As they are reciprocal so you have many chances to earn more and more money. But only wise decisions are required at both the ends. Actually it's so easy trade here to earn but it easy to lose also some of your investing because we need only to buy in low then sell in high like just hold all of your coins then sell if the value of digital currency become so high
Diversification is preferred over sticking to just one crypto coin but the collection must include the potential crypto currencies. Bitcoin coming at first and then few altcoins like Ethereum, Neo, Waves, Litecoin, ETC or BCH. Mostly crypto coins decline with the fall down of bitcoin. Also, bitcoin trading is far more profitable than altcoin trading. My sincere piece of advice is to invest a bigger portion of money in bitcoin and rest in only Ethereum of Litecoin. |
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Why you gonna wait to finish college? If it is possible that you can do both trading bitcoin and studying college. As a student, sometimes we want to have extra money to pay our school fees and trading of bitcoins and altcoins is just one of the ways to make money while studying.
Earning while studying, nothing can be better than this. But college degree has nothing to do with the ability of person to do something. If it was so, Mark and Bill Gates would not have been where they are today. At the end, we need to make money for fulfilling our needs. The level of knowledge can also not be demonstrated by any college degree. If I had to choose or suggest one, it would be definitely bitcoin trading. Read books whenever one’s want to. |
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Because of the countries designating regulation based on cryptocurrency and there are countries that have banned cryptocurrency. There are also news releases. One is that facebook has been already banned such ads about cryptocurrency, also follow the steps banned the ads about crypto are twitter and google. Many people are alarming in the news that it caused doubt or fear especially to investors, so it is also one of the possible reasons why the price of bitcoin has dropped.
There cannot be a single factor to decrease the worth of the bitcoin and the money involved in the bitcoin but many many multiple factors combine with each other and start making the things worse in the market and when all of the external factors get away, the most dangerous internal factor starts that is the “panic Selling” and it really make the things very much crucial and poorer for the holders, traders and the new comers. |
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I think its not possible and although I like the idea of forming a bitcoin talk forum cartel it cannot be done. How will you manage to put almost 10 million users having the same idea and who will be the highest lord of this cartel ? Better hold your coins in your wallet and hope for the best.
There are two ways of looking towards this aspect, first is that the market of the crypto currency is decentralized therefore it’s me, you and every member who has bitcoin can manipulate the bitcoin price because it’s we all who matter in this market, other is that if you want to effect the market heavily then you must be having a financially strong social circle with a lot of bitcoins in your wallet so that every move of yours should have an impact on the market. |
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I will choose to invest my money than to stock in banks, because i want my money to increase so that it will help in my financial needs, if you put your money in banks then your money will stock you cannot get a good profit. Invest money in safe investment site or in bitcoin, because bitcoin is a good investment.
The banking sectors also provide the opportunities to expand your money with the fixed deposits and one can really expand the money by that but the issue is that in that case there are a lot of boundaries are drawn form the banking side with time limitations and profit with the fixed ratio whereas the money in the bitcoin will not only give you the better profit return but also the sense of satisfaction that all the profit of your money belong to you. |
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It's a small amount for us, but for many people in poor countries, it's a lot of money. My advice is to use this account for savings. But if you learn how to trade on the stock exchange you can easily earn 10-20% of this amount every day. When you have experience in trading you can use larger amounts and your income will be several times larger.
There are many options which you can do after investing in the bitcoin and the best is that why you wanted to invest in the bitcoin. If you joined this platform just to double your money, then just remember that it is just part of the process. Furthermore, if you have nothing in your mind, then the best advise is that do not touch the money and let it be there until you need that money because by that time it will be multilplied by 10 or more. |
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To the best of my knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system.
But have you come to think of it... Whether Bitcoin can be used for illegal Activities...
What are some ways you think it can be used for? (illegal Activities) mention some.
Some countries consider bitcoin as illegal, and some countries consider it as legal,and I thank God that in my country, bitcoin is legal, because t is also our source of income, so that we can pay our debts. There is a lot of confusion between the different countries when bitcoin is being discussed in it, some of the countries (Only a few) have banned it in their countries and some of the countries have allowed it to the people to deal in it and then there are other countries where they have turned a blind eye towards this issue and letting the people to deal in it without legislating about it. So the legality of the bitcoin varies with the name of the country. |
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Risk is an inevitable thing if we are going to start an investment or way for us to earn. It could be better to open our minds on the possible risk we could take rather than to avoid it because it is quite necessary to happen for us to earn. There is nothing easy in this world that in reality we much more need to do our part for us to earn and to lessen the risk it would take for us to make a profit our of our chosen investments.
Nothing in the world that is worth having is free of cost. You need to pay for everything you want in life and risk-taking is the amount you pay in the crypto market to be among successful crypto investors and the new millionaires of the world. It is the rule of life that the bigger thing you aspire to achieve, the more struggle is required accompanied by bigger risk-taking courage and stamina. In short, be prepared for losses as well. |
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Then miner will sold their mining equipment, it happened before The drop in hashrate will make mining profitable again, and the cycle goes  There are maximum chances for this to happen yes. Because when you are on something and trying to make it work and ultimately your profits are running away from you. Plus the prices for that coin are going down and even your mining basic payments are not fulfilled so how can you continue? Definitely if I would be at such place, I will surely think of getting out of this mining thing. Bitcoin mining is not going to stop anyway. As you said, mining companies great role in the pumping and dumping of the prices. We all know that these companies or agencies are earning countless money from this process. I am pretty sure that the mining of bitcoin will keep going on and the prices will no way go down the cost of bitcoin ever. Bitcoin is still strong enough to stay at a price higher than mining charges. |
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Bitcoin doesn't lose its popularity. It simply behaves in full accordance with Elliott's wave theory.
And the 5th correctional wave is coming to an end now, after which a powerful uptrend should follow.
On the chart, you can clearly see the "head-shoulders" figure, which is a strong signal for growth.
It is nice to read that there are few or at least some people who understand this fact that the dip is not permanent and bitcoin is going to rise up again soon. These corrections are important parts of the market and this is why bitcoin is going through hard times at present. With some more patience, we could become the next bitcoin millionaire because after the end of correction, bitcoin will shoot up. |
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It is said that we can make money in trading when the market is up as well as when the market is down. Right now, the cryptocurrency market is experiencing a big bloodbath (though there might have been bigger ones before) where some are estimating that we lost around 40% of the market value so far. Though I personally believe that this is just temporary and very historical (it happened in the past on the same period), it is still sad to see what we have already gained just wipe out in some hours and days. This is just the way with cryptocurrency market...
Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?
not everyone can do this, I mean when the price is down(red) he still keeps calm and stays relaxed in the face of the situation, only people who have good instinct and analysis who can keep trading even though the market down(red).. Trading in its own is a big risk and a job that needs a lot of stamina plus patience. Not everyone who trades is a trader or more accurately a good trader. What I believe is that only veterans keep trading when the market is completely red. Immature traders will never dare doing trading under such circumstances. Those who are still active in trading are going to gain valuable experience in the field. |
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You can not expect to earn money from bitcoin in a week. It is a long-term investment and you need to be patient in order to earn profit from bitcoin. It is hard, extremely hard for bitcoin to increase about %50 in less than a month. Therefore, when investing your money to bitcoin, you need to know that you can not have that money for at least a month
Well, it totally depends on your budget that you have to invest in crypto market. If you are having a good money in the pocket, there is no problem in buying a complete one bitcoin. But as you have discussed, for getting familiarize with the nature and market trends of this mighty coin, you better buy 0.25 bitcoin. This would give you a good experience and next time buy more when it is having a good dip. |
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This may be a bad start in early 2018 with Bitcoin prices far below, but it may not last long and will go back up so everyone will enjoy it.
All old bitcoiners and crypto investors are accustomed to see bitcoin and other good coins at such low rates because of the volatile nature of the market. This is how traders and successful investors make money here in the crypto market. These market fluctuations give it an edge over traditional methods of investment and profit making. At present, the best one can do to him or she is to keep collecting bitcoin. |
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It's very hard question. Nowadays the situation on crypto currency market is very unpredictable. Now the prices rather low and may be it's a great time for buying btc but on the other hand it's very risky. Who knows may be btc will fall under 5000$
I would not go for waiting any longer because bitcoin has already declined a lot and it is now near to recovering again. In my opinion, it would never go below 5k dollars. That is not an impossible thing to happen but my guts don’t agree with this. Besides, even if it goes that low and a person has bought bitcoin now, it would mean he still has the chance to buy more but if the value increases, he will be definitely losing a golden opportunity. |
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questions on day trading cryptos
seems a tricky task
your watching volumes
so i ask for people in this forum who day trade?
effective for profits,
?
i imagine.impossible when whole market red ?
on videos seems to watch the candle charts?
and hold a red and buy asap to a green?
do u recommend. ? if one has the time?
It’s really possible to earn even on daily tradings, but more risky then investing in to long time perspective but if to compare daily attempts it familiar to forex which is not relative Day trading is the most beneficial form of trading out there but all big things come with big risks too. It is not easy to make money by day trading as it not only requires good understanding of the coin but some faith and guts too because the chances of facing loss are far more than those in long term trading or just holding. But only day trading can help a person to make money even when the coin is going through a downfall. |
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no. never late to buy bitcoin I also don’t think it as too late to buy bitcoin, especially not when bitcoin is in its dump phase. This is the right time for those who plan to buy bitcoin for the first time or intend to increase their bitcoin. It is always preferred by investors to buy something at cheap rates. In addition to this, bitcoin is expected to grow a lot within this year and it would be worth 1 million dollars within next 2 to 3 years. This is the opinion of crypto experts. |
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If gambling is illegal in your country, would you still gamble?
I think there are very few countries that ban gambling because its an opportunity for government to collect some revenue through taxing but for online gambling its really difficult to ban users because you can easily use a vpn to bypass such restrictions. Gambling can never be an opportunity. It is just a random game in which the chances of losing are somehow always more than that of winning. Many gamblers commit suicide once they are totally ruined and this is the reason why gambling is illegal in many countries of the world. It brings a lot more harm than good. It is not possible to completely hide digital traces by using VPNs as these also maintain a log of activities for all users. A citizen must abide by the law of his country. |
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It can in some ways. If you think negatively, you would get very impatient and angry and you will lose quickly. Unlike positive thinking, you can play longer and longer means more chances of winning.
It's really hard to maintain positivity in gambling at one point of time you will surely lose it if you are getting a loss control is also one of the basic principals of gambling it's clear if you can't have control over yourself you will surely lose funds because of it. Gambling in end is still a risky way of making money you can never deny that It does not take long before an activity become a habit and old habits really are difficult to get rid of. Gambling is a very addictive game due to the involvement of money in it. Indeed, staying positive is good for health but overdoing it would only bring loss. It is more like closing ones eye when the danger is known. Over positivity will force a player to play more than he should. Gambling should be played for seeking fun only, better played not at all. |
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