Ikram mohamed
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Dogecoin is good coin with huge community but this coin needs more patience when you trade it, it pump about one time in the year so you will feel boring trading this coin but at the end will oump
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What was the actual purpose of the creation of bitcoin?
Ikram mohamed replied to yahyal's topic in Crypto World
I think the main purpose of creating bitcoin is to feel freedom when you deal with your money, and to be controled by central banks and taxes. fast transactiona and lower fees were are other purposes -
i thank god i started in 2016 a year before the big pump happened in 2017, i gained alot from crypto, lost alittle but have learned alot to deal with market and not to be panic when blood is on street
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Have you ever purchased anything with bitcoin?
Ikram mohamed replied to Consignee's topic in Crypto World
Yes, i bought my kids some toys with bitcoin, the store accept cryptocurrencies so i find it good not to pay in cash, there are now alot of stores that accept bitcoin -
You will never leave crypto because you can make great money with it, that you cannot achieve in other job, also with crypto you feel freedom away from local banks and taxes you have to pay
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Will crypto currency replace all national currency?
Ikram mohamed replied to kingsbtc's topic in Crypto World
I donot think so because national currencies backed with gold and inflation numbers are controled but crypto currencies backed with nothing only people trust that is not enough to be main currency -
Common mistake i think, panic when you shouldnot panic and having no patience when you need to be patient, if you control your emotions, then you will not lose at all
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Which one is more risky? Short term or Long term?
Ikram mohamed replied to rakib7970's topic in Trading
Both are risky if your luck is bad, sometimes you hold a coin for long term and regret not selling too early and sometime you sell too eatly and then regret not to wait and sell at maximum price -
Is day trading profitable or just a waste of time?
Ikram mohamed replied to BTCmooping's topic in Trading
I think day trading is only profitable when you trade with big amount of money, if you risk with little money, then you will get less profit and will make great efforts in order to get money -
Actually i prefer i to hold for long time because patience pays and coins can go more that 2x with long time than short term, but you should first control you fears and donot be panic
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Iam really sorry for your loss, actually i donor think you can restore you coins as these sites have no data to track, you invested and you know these kind of sites are too risky but anyways donot be sad of your loss
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Sure yes crypto can make you very rich or very poor if you cannot control your emotions, if you control your panic and divide your money and have patience to reach the bottom then you will make profit
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You can expect what low and what is high from historical charts, then depend on that in buying and selling, then you should divide your money until you find the bottom and divide your coins until to find the peak when you sell
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If you mean exchanges, then yobit and binance , both have little fees and best security and ease of use, deposit and withdraw is fast and specially in yobit you can trade with very low amount