Naga

i think yo token is one of those tokens that might end up having even higher prices like yfi, and we all know yobit will always do their best to keep this coin going up

people always tend to fomo whenever they see a coin goin up, even though every coin should be bought at the bottom but usually they end up selling coins at the bottom and start chasing it when it goes up

i dont about your experience in crypto but day trading can be very hard depending on which market are you trading, and having bigger capital means you increase your chances of losing big as well.

now matter how much of an expert you are you can never always predict the market correctly, this is because whales wouldnt make it easy for anyone to make money, only those who hold for long term would reap the profits.

yea because those who start with big amounts of money and start trading without any knowledge will end up losing most of their money and hating crypto as well.

To me so far there were two bubbles in crypto, the first one was the ICO scams with high returns back in 2017, and now its this DEFI crazy, i dont know how people dont learn from their mistakes.

I think many of you guys want to be crypto millionaires, so here are some of the stories of people who are now millionaires because of crypto, I hope it inspires some people on the forum. 1-Erik Finnman Back in 2011 Erik was 12 years old when his grandmother gave him 1000$ as a gift, and you would think a 12 years old boy would spend it on toys and video games, but Erik was different, he didnt want to go to college so he made a deal with his parents that if he became millionaire before he is 18 he would not go to college. He invested all his 1000$ in bitcoin and left it for 2 years, and in 2013 when bitcoin hit 1200$ he sold all his bitcoins which he bought for pennies and made millions, and in an interview with CNBC he said "I can proudly say now I'm not going to college". 2-Mr. Smith The person who chose to hide his identity during a Forbes interview, Smith was a silicon valley tech guy who had money he wanted to invest when his eyes fell on bitcoin, he bought 3000$ worth of bitcoin when bitcoin was at 0.15$, which meant he bought 20,000 bitcoins! he held bitcoin for 3 years and sold some of it when bitcoin reached 850$, he then quit his job and started touring around the world with his fortune. 3-Dan Conway In 2016 Dan decided he wanted to invest his life savings into crypto, after his research about the crypto projects he decided to buy Eth as it was still new and growing back in the day, his initial investment was 100k dollars and that bought him7000 eth at a price of 14$, a few months after his investment in eth there was a hack that caused eth to dump in price and Dan lost 60k. But he didnt give up and rather risked it more and bought 200k worth of etheruim at 11$ and by now he owns 26600 eth. He then went on to say he held his eth and saw it grow from 11$ all the way 915$ where he sold 11000 eth, and made 10 million dollars. As we can see, all those success stories were of people who knew when to buy at the bottom and hodl their coins and sell at the top, always be smart with your buy orders and never sell the bottom. Hodl will pay off if you are patient so dont be quick to sell your coins at the first dump. comment bellow what coin you think will help you make your first million over the years.

well i dont know if you have scrolled down on the yobit coin list, but you will see many useless coins with 0 trading volume, and when you search these coins they are not even in coinmarketcap.

if any exchanges do this they will just end up scaring new investors, because if i cant trust your trading volume then i definitely wont send my money to your exchange, this is why trust is important between exchange and users.

yea these groups only target newbies, they make them believe they are big whales who control the market while in fact they just have few bitcoins that pump the coin 10% at best and then dumps again.

i think with the current price of bitcoin it would be insane to hold at here, because the only way i see us going is down, if you want to be a long term holder make sure to buy the lows not the top.

yea people take so much risks in crypto that they even put their household in trouble, they forget that the only rule in investment is that you should invest what you are willing to lose if anything happened.

just a gentle reminder that binance so far is allowing people to trade without the use of KYC, but this could change at any minute now, they are still working on it but regulation could strike the binance exchange at any moment. yobit is much safer.

i think so far binance allows more than 40 countries to buy crypto with their own currency and soon we will see above 100 countries able to buy crypto with their national currency and this will make crypto marketcap go over 1 trillion dollar because now its easy to buy.

actually banks will be reluctant to get into crypto because of its high volatility, even tho volatility is good for us as traders but banks dont risk it like we do, they want a safe investment.

i think the reason why people would want to use crypto in china would be that crypto provide you with anonymity, while apps like wechat can be tracked to you, thats why the big whales in china are buying bitcoin.

participating in airdrops is a big waste of time because a lot of these are worthless, people need to have some courage and invest their own money in crypto and learn technical analysis to trade better.

I believe with the recent high demand from big companies alike microstrategy and Square that is owned by the CEO of twitter, we will see higher demand in the future with new big investors buying crypto.

to me i think the most important indicator is the RSI, because it will show you how oversold a coin is and if there is potential that the coin is near or at the bottom. but be careful not to rely on just one indicator.

i think now everyone sees the truth about how defi craze was just another scam and coins are losing its momentum and we hear stories of people who lost 360k in defi market, stick with your trading and that will be better.

i think newbies trade randomly without any strategy because they found those videos where people say they made millions of bitcoin WITHIN a month or so. i think these get rich quick videos are why newbies make trades without any knowledge.

day trading depends on the market fluctuation, but sometimes the market just keeps going down on altcoins just like whats happening these days, so it would be better to keep out until these coins find a bottom.

yea i was excited about this because i thought the fees of withdrawing bitcoins on tronlink would be low, but i seen now they have enabled the bitcoin TRC20 withdrawals on kucoin but the fees still high.

i dont think it will be going up to 20,000$ anytime soon, there are lots of reason that will drive the market down and today we saw the okex news made the whole market go down by 3%/

if you look at the charts now you will see most coins are back down there again, this could be a good buy price now if you are willing to hold your coins for a while. I definitely bought some coins at these bottom retest and hope it will pay out.