Dmasked

When we talk about risk, short term trading or day trading always has more risks associated with them. The day trading operates on daily price fluctuations but in short run it is difficult to know whether the price will rise or not. So there is higher volatility risks in short term trading as the price may go anywhere on the short run.

Day trading is surprisingly profitable if you know what you are doing. Day trading is the only way to make daily income through cryptocurrency trading. But higher the rewards higher the risks. In day trading you have to invest in multiple crypto to trade some of them daily and also there is the risk of reinvestment you will be making daily.

Honestly, trading can make you rich. Infact trading can make you super rich. But for that you need a large, very large investment. You need to make a big enough investment so that when the price rise, you will get yourself a great fortune. Or you need lots of luck in the investments you make which hopefully explodes like bitcoin.

You are not quite clear on your point but i think you must be talking about crypto selection. Selecting the right cryptocurrency to hold is obviously important as it is the actual action that determines the loss or gain in trading. You do need adequate research before selecting a coin.

Paypal and cryptocurrency exchanges do not go well. Paypal is strict in security and protection, so it is rare to find it linked to any thirdparty website yet alone cryptocurrency exchanges which have a bad reputation for being hacked and scammed. You are better of using other wallet for exchanges and then transferring to your Paypal account.

The dominance of bitcoin in cryptocurrency market is truly unchecked. It has over 70% market capitalization interms of total value. In recent years, other cryptocurrencies have some what resisted the dominance of bitcoin but it is still holding the crown in crypto markets and it doesnot look like there is any successor.

I am glad that you posted the psychological aspects of failure in crypto trading. People often relate losses to statistics and market conditions but the trader's psychology also plays a vital role for the loss in any investment. I myself have FoMo and cant help myself from holding an asset when the price have significantly risen.

We all have been trader. After I have made a large investment in any cryptocurrency, the first days after the investment feels so impatient. I cant help myself from checking the exchange or wallet to see if anything has happened yet but fortune falls upon the patient.

I really want to meet a big time entrepreneur and investor and ask him how did he start. I am just a small time cryptocurrency trader trying to start his own business but i do not know where to start and how to start. I am in need of startup advice from the biggest experts.

I would not call myself an elite trader but i do have adequate experience in trading if thats what you inquire. In all of my years of trading the highest gain that i scored is when Dash exploded. I made a profit in four digits and that is the best i have seen. In case of losses, i dont have any such big losses that i remember.

My trading experience mostly consists of long term trading but recently i am trying day trading to generate a substantial daily income. But day trading has more risks than trading in long term. While trading daily it is difficult to accurately predict and capitalize long term benefits.

Brave and the cryptocurrency BAT it launched is a step forward towards integration of internet browsing and cryptocurrencies. Its a great opportunity to acquire some crypto by just doing what we do everyday, browsing. But as the reward system is based on ads, i think it would be more efficient if the whole browser itself was developed upon blockchain.

The first quarter of 2020 was surprisingly quite for the price of bitcoin. Few months ago the price recovered after a major dump and with the halving, we expected the price to go higher but it has been somewhat stable in the 2020. I think in the final months of 2020 the real bull run for bitcoin will begin.

The amount of my investment generally depends on the opportunity and risk. If the opportunity is higher than the risk then i invest heavily but if the stakes are higher in risks then i am reluctant to such investments. Every month there are new opportunities and risks. So, the amount to be invested also varies.

Well once created, the digital currency will exist forever even if it dies in the market but it is possible to break the supply chain. If the creators and miners decide not to continue the production and operation of the cryptocurrency then the supply would be destroyed. On the other hand, since POS depends upon staking, all the staked coins have to be burned to destroy the supply of the currency.

Ethereum allows smart contracts to be developed and executed on its network. It means that we can burrow and loan crypto assets through an automated and self executing contract. This allows a whole different business ecosystem on ethereum network but i have yet not participated in it as it is a relatively new sector.

Big time investors, whales and experts have a large audience that rely on them for guidance and suggestions but when the time comes, they may misguide their audience for personal gains. I usually do not depend upon such crypto news but there are some trusted sources that provide actual useful information.

I did fall for a pyramid scheme once. During my initial days of online investments, i fell for a pyramid scheme in golden birds farm which looked like a good investment site to me as a naive investor but as i spent some time any money in it, it turned out to be a pyramid scheme and the only way to earn was by referring new users.

You need a little research to verify the reliability of any website. In the website check their whitepaper, terms and policies and project details. Also look into the team behind the project. You can simply look for the reviews online by various other users as well.

You are indeed correct. The original miners record the transactions and distribute them but the major entity in recording and distributing bitcoin transactions is Blockchain. Blockchain is a automated and self managed distributed ledger that records all the entirety of any digital assets and is unalterable.

Seems like Yobit has given up on Yoda. The only gainers on Yoda were the first movers and until now, Yoda has fallen into the depths. Currently in over a month, Yoda market has gone cold and the price is not likely to go up soon. So recently it is not doing much well.

Google is the most used for 2 factor authentication and rightly so. It is the biggest information technology giant and also well reputed and trusted by all. Microsoft is also fine but google is widely relevant right now. Google has stood upto its reputation till now so my bet is on google.

For me both regulation and privacy are important characteristics for a good project. Proper regulation is necessary to maintain and control the platform where as privacy ensures the protection and security of user's data and information. So i need both privacy and regulation.

Both mobile mining and faucets are a no for me because in my experience they are not worth all the time and energy you put into it. My best experience for faucets is in freebitco where i could earn somewhat satoshi per day by using the auto roll bot. Mobile mining was never good enough for me.

I would not call it the once in a lifetime chance because there will be many more halving in the future and many more opportunities as well. There will also be other opportunities when the price of bitcoin crash only to rebound after a while.