Naga

On 11/13/2020 at 10:02 AM, Dorjoy12 said:

 If you dont have any idea about yo token supply then you should search about it in online.. By the way yo token or YOT has total 17000 supply..  As its a yobit coin so usually its volume become high in yobit only..  By the way, recently yobit authorities make a planning to increase the value of yo token that is why every vmining buyer   now need to buy yo token to lead yo power..             

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

On 11/14/2020 at 11:14 AM, BrolySSJ said:

These are very good points when it comes to investments. I think that the hardest one for people is being able to control emotions. Naturally when you see the price going down you start to panic and you end up selling everything, which is a very bad idea and not at all what you should be doing in any investment. This violated both the emotions and patience rules that you have described. 

 

Another important point with investments, that i feel should be added on, is that investments are risky, and therefore you should only invest an amount that you are comfortable losing. 

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

On 11/13/2020 at 11:20 AM, Maaz sultan said:

I think that day trading is no as difficult as topic creator describes for making day trading only you need a high amount for gaining some profits in less time and you needs an active coin and exchange that have high number of traders .

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.

On 11/12/2020 at 1:09 PM, duncun007 said:

to me the problem is not about fomo, but its about not knowing how to predict the market correctly when we in a bull market, because whenever you see bitcoin going up and think it will hit a resistance and fall down it just rips through. and this why I end up buying again at a higher price.

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.

On 10/22/2020 at 5:38 PM, ShiNorton said:

Trading big as a beginner  can result a loss in the cryptocurrency  Trading so better to start  from lower trading  amounts for begginers in the crypto markets. 

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.

7 hours ago, Whited35 said:

@NagaMaybe DeFi platforms you are citing for. Well, I can agree with a fact that extreme DeFi crazes propels a huge amounts to lock in the smart contracts of DeFi platforms because some Yield farming platforms were generating an incredible amounts as returns. 

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.

On 10/11/2020 at 6:20 AM, Dorjoy12 said:

@Red-Jones no coin trading volume become zero within a day.... Whenever a coin project announced, all crypto member attract with the new coin which lead them invest on the coin hugely.. So after few month usually a new coin start to pump so those trader has a target profit and after  reach the profit    they sell the coin but the member who want Over profits get lose.. Because later the coin trading volume become zero..                

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.

On 10/12/2020 at 10:27 AM, ShiNorton said:

I think exchange shows up fake volumes to  attract  traders and investors. I have seen so many new exchange sites with the fake volumes. Some good exchange show the real volumes like one of the important  exchange  Coinbase. 

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.

On 10/10/2020 at 10:54 AM, Sykkuno said:

I don't use these groups and don't understand how they can help, these signals are what exactly technical analysis, pump and dumps or anything they thought and published it? There are no signals and if we watch the charts we find opportunities, the moment we write about them and five minutes passed the trade can be gone so I don't trust any of them.

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.

On 6/1/2020 at 11:12 AM, Raqeebzy said:

I love the strategy and I think it more suitable for altcoin. Long term trading might be less complex because the analyses are prone to be more accurate than day trading but it also requires so much dedication, focus and some ability of self control, it is not easy holding for years when the market is so unstable.

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.

On 10/12/2020 at 10:32 PM, JohanDonne said:

By adding broke I specifically meant if you don't have anything to support your family and eat at home and you are willing to start trading, you need to fullfil the other requirements first.

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.

On 10/10/2020 at 10:47 AM, Ridam said:

Talking about my experience with bad exchange there is no such records. I use only the exchange with good amount of trading volume and the one that doesn't asks kyc. I'm using Binance, Yobit for a long time and though I'm not a big trader I haven't faced any problems or issues upto now. Binance had got hacked that was bad incident happened but they manage to recover the funds of users which is pretty good action taken.

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.

6 hours ago, JohanDonne said:

It is pretty good that new countries with their local currency are being accepted by such big exchanges, it is a good move and much beneficial for these two countries.

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.

On 10/10/2020 at 7:22 AM, duncun007 said:

the adoption of crypto will not start by governments but rather by institutions, and those institutions will bend the government to their will as they are the ones making money for the government.

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.

On 10/10/2020 at 9:16 PM, Shaza Ahmad said:

There is no interest for WeChat in China for the spread of cryptocurrencies such as Bitcoin or others, because it processes all payments to its users smoothly and quickly, so that many WeChat users do not carry anything but their phone with them, as they pay everything via WeChat application.

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.

On 9/12/2020 at 9:39 PM, TimopheyKa said:

In General, everything is not so simple. Although, it all depends on your capabilities! You can trade, but you need money to do it. Accordingly, the easiest way for many will be to participate in airdrop, and various promotions from exchanges that will bring you small amounts. Of course, after that ,you can start trading these funds, or just withdraw them 🙂

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.

On 10/7/2020 at 7:56 PM, SuperCrypto said:

Indeed, this is an important topic and I would like to share with you information about this process. This bisection division does not directly affect the price of the currency, but rather the demand and supply that determine the price of the currency because of the people's desire to obtain more symbols and the scarcity factor also can affect the price of the currency.

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.

9 hours ago, s rohman said:

You can try using the decade trading method, this technique is a combination of several indicators, namely MA 10, MA 50, MA 100, MACD, and Stochatic. try to pay attention from the combination of the indicators above you can find signals in trading.

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.

On 10/6/2020 at 8:49 AM, Whited35 said:

@KelvinSC Are you into DeFi to invest the amounts to expect the passive incomes. In the past, DeFi tokens' crazes were stunning and some tokens were seen at the extreme peak of the price spike. Now, craze is in downtrend, I do not know what will be its base. 

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.

22 hours ago, Projectcrypto said:

Yes mate many people go into trading blindly without having concrete background about the field which is why most of them lose easily, trading is not a get rich quick because we need to acquire good knowledge and experience about it so that we can be able to face any pressure that we may come across in the market.

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.

On 10/9/2020 at 11:45 AM, tienda said:

Both are good to do, but I think the more profitable is the daily trading, because of cryptocurrency volatility you can collect a lot of profits, but of course you need to be attentive and a little of knowledge about the market movement, about the swing trading is for long time also need a lot of knowledge to analyze the cryptocurrency price future.

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.

On 10/14/2020 at 12:19 PM, Mella said:

Today the price of Bitcoin is 11500 dollar and it is double from this time the post here is make. Next time I am post in this I will come back at the 20000 dollar. It is the start now of the new bull run but few understand.

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%/

On 10/7/2020 at 12:30 PM, Calvinpriva said:

On march was really a pressure month because a lot of traders and investors thought they will earn loss and they'll never recover it! But from may i think, prices start to grow again and it become a really good time for all traders who had patience.

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.