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williamz902

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Everything posted by williamz902

  1. williamz902

    Born trader

    I'm sure there are some people who are naturally good at it, but even they have to refine their skills and learn certain things. I don't think just anyone can start trading one day and be exceptionally good at it.
  2. It comes down to discipline. In the past, I've found that changing my mind always results in loss. I start out with a plan, and then I see something and then change my mind. Once you have made up your mind, you need to stick to it and ignore your feelings.
  3. It's simple. Look at the graphs! And I'm not talking about the 1 Day or 7 Day graph. You need to be looking at the 6 month and 1 year graphs to see where the price was before and where it is now. If the price was higher 6 months ago than it is now, then maybe it's time to buy. If the price is higher now than it was 6 months ago, don't touch that coin! I don't know why people complicate trading so much. It's very simple.
  4. I don't find anything wrong with trading signals as long as you do your own research and are confident that what is being said is true. The problem is that people are lazy or don't know how to do research, so they just blindly follow any advice that they see on the internet.
  5. I usually compare all my altcoins to Bitcoin, not to the USD price. Doge / BTC has mostly remained stable for quite some time, and this is generally the trend for Doge. It's massive circulating supply ensures that it remains stable and doesn't rise much. Still, I think the BTC price will go up a bit next year.
  6. Yes, I agree. Trading gives the best profits when you make informed, well calculated decisions based on facts, not emotions. Sometimes it's hard because your emotions are telling you one thing, but the facts are saying another, and as humans we tend to place more emphasis on emotions rather than facts.
  7. Yes, the market can go up or down, no one really knows, because there are so many factors that affect the price that a single person will not be able to keep track of them all.
  8. Yes, I also want to say thank you to bitcoin for giving me financial freedom and of course, profits. I look forward to using this technology and trading BTC for many years to come. Hopefully I can grow it from a hobby to a full time professional career.
  9. This is quite interesting. I expect that this is going to be quite common, because crypto gives you control over your own investment, unlike stock markets, where you usually have to go through a broker or financial manager and only really get a monthly statement.
  10. Goodness that's insane. What an amazing referrer. Make no mistake though, it's had to refer people to various services. Most people are naturally suspicious of referral links.
  11. This is a great step in the right direction. Definitely more schools around the world need to start teaching young people about blockchain technology and crypto currency as a whole. There are so many uses for blockchain technology outside of just crypto, and it's very possible that this technology can solve some real world problems.
  12. In the beginning I also went crazy for faucets. They are a bit painful though to be honest, and the minimum withdrawal limits are always quite a mission to achieve. I still use them occasionally when I'm working on my computer, I just keep them logged in and claim every hour. But I don't let them take over my life. They are only worth the time if you are on your computer already.
  13. I really like this and agree. I think money has a way of changing people - sometimes not for the best. Warren Buffet is an amazing example of humility - even though he has billions, he still treats people with respect and doesn't expect any special treatment by others. He's really an inspiration.
  14. I see that it's price is quite low at the moment. This looks like a coin that has a promising bull run future sometime next year. Definitely going to add it to my watch list.
  15. I quickly checked on the internet and it seems that Google Authenticator has no way to backup that data, which is a bit concerning. I have also been wondering about this. I usually save the bar codes as a screen shot so if something happens, I can always scan them again later.
  16. I have no doubt Litecoin's price will go up next year sometime - perhaps in about 4 - 5 months. The rise will be gradual at first, but should speed up a bit. It is convenient as a payment method. It's faster and cheaper than Bitcoin.
  17. Oh my word. What will people come up with next. I think this is silly actually. Where can I find out more about it? Do you have a website link? How does he help you personally?
  18. I see that transactions in South Africa, where I am based, have been on an exponential rise. I wouldn't be able to give you a statistic though. You will probably find that cities like London, New York and Los Angeles have some of the highest volumes of transactions. By transactions, I mean people also paying for things in BTC, not just trading it.
  19. What a fun question. My opinions would be: Ethereum is the Queen Litecoin is the next in line to the thrown Stellar Lumens and Ripple are twin princes. Monero is like a butler or something Dash is like a duke And that's about the extent of my imagination!
  20. What is the logic from those who say the price will fall after the halving? To me that doesn't make any sense. I think it will rise gradually leading up to the halving, then rise a bit more steeply shortly after.
  21. If I only had one choice, I would go with Ripple. No particular reason other than I prefer it and believe it will give greater profits than ETH. However, at the moment, I'm holding a nice quantity of both of them - because they both have good potential.
  22. Lol... You either need to learn patience, or you need to get better at day trading. I think the crypto world is a world in which you never stop learning. It's always changing and there is always something new to learn.
  23. Yes, definitely a great opportunity that I am taking full advantage of. I'm still in the process of building up my portfolio. At this time, I'm mostly buying a few different altcoins because the prices are all nice and low after the past year's decline.
  24. There are lots of things that can go wrong with a private wallet also. You computer could crash, or you could lose your private key among other things. Also, most reputable exchanges have insurance, so if they are ever hacked, they usually give you back most of your funds. But yes, I do get that an exchange is less safe than your own wallet.
  25. It's actually quite a long while away. People estimate that all 21 million will only be mined by the year 2140. However, each passing day it gets harder and harder and over the years the reward is going to get less and less.
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