Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - bityndye

Pages: 1 ... 11 12 [13] 14

181

Cryptocurrency Trading / Re: Which is good - crypto Trading or Investing?

« on: June 23, 2018, 03:38:30 PM »

Both is good depending on what you are comfortable doing with. I look at crypto trading for short term and crypto investing for long term. I like trading and want to learn more that's why I want to acquire experience as much as I can so that I can have a trading strategy that would help me become a profitable trader and then when I have profits, I would invest some of it to some coins that I think would be valuable for the long term.

182

Cryptocurrency Trading / Re: Taking some time out from trading

« on: June 23, 2018, 03:18:07 PM »

Quote from: sugarchrisp on June 22, 2018, 04:18:29 AM

If you're still trying to make it work, try looking into a laddering technique for buying into positions. I assume your concern if trading right now is buying things and having them continue to drop in price, if that is the case laddering will work wonders for you. The idea is to buy smaller positions over a longer period of time, saving money for when the price drops more. Every time it drops another 5-10%, buy another stack of relative size. When you do this you average out your costs so that you need a significantly lower price to see profit on. If you still decide to leave the market, no worries either way. It's a stressful space and it's really important to remain as unemotional as possible when trading. Take care <3

I like your strategy but the problem is that I don't have funds to buy anymore. In the mean time, what I did is that I cut loss and then when the market is making signs of being bullish, I would buy back again. I realized the importance of cut loss because when I didn't cut loss before, my coin lost more than half of its value that's why I just immediately cut loss when it reach a certain percentage loss and then buy back lower.

183

Cryptocurrency discussions / Re: Just be patient, it will be alright

« on: June 23, 2018, 03:04:45 PM »

People are always used to having things in an instant that's why patience is hard to do because it is opposite to what we are used to nowadays. We have to do it though because as what Warren Buffett said, Stock market (in our case crypto market) is a device for transferring money (coins) from the impatient to the patient. We just have to believe that it will be okay because it will be eventually as long as we just hold on.

184

Cryptocurrency discussions / Re: Do you expect cryptos to just keep going up?

« on: June 23, 2018, 02:31:27 PM »

Quote from: Bobcrypto on June 23, 2018, 02:16:10 PM

Actually, what goes up must always come down and cryptos are inclusive. All prices fluctuations are normal in every marketing situation, and is been controlled by mostly by the demand and supply rules. In short, cryptos will always go up and down just like any other products outsides cryptocurrency ecosystem.

Yes in every market, may it be stocks, commodities or cryptos, there comes a time when it goes down too. I think the question for now is will the crypto keeps going down? It would eventually stop and then have sideways movement getting ready to go up again. It is just the market cycle. What happen last year about the various coins meteoric rise has the effect of a deep fall too.

185

MyEtherWallet / Re: received an email from myetherwallet?

« on: June 22, 2018, 02:55:07 PM »

I just want to add that when you join slack, you will receive an e-mail about myetherwallet being upgraded and you should never click that link in the mail because by the time you enter your private key in that site you are redirected, consider your coins already lost. We should also not ignore if the site is http or https because this will be your guide when a site is secure or not. Additionally, always access the sites you are always using bookmark because when you search in google, many advertisement appeared that are just a copy to original site.

186

Bitcoin Forum / Re: Why are you investing in bitcoin?

« on: June 22, 2018, 02:39:03 PM »

Quote from: Niteroy on June 22, 2018, 10:57:45 AM

Like most people who invest in Bitcoin, I expect from it a large increase in price and popularity. But I believe that it will become a "digital gold" and a "quiet haven" for big business. Those who are now at the forefront of Bitcoin's development will receive the maximum profit in the future.

I have the same thoughts as you. I am investing in bitcoin and other altcoins because I believe that they will be much more valuable one day than their value today. Prices are still low nowadays so it is a good opportunity to buy more because its price will increase eventually when more people adopt crypto. There is an impending financial crisis and cryptocurrencies are a good hedge for it.

187

Bitcoin Forum / Re: Will altcoins survive a long time like bitcoin?

« on: June 22, 2018, 02:21:00 PM »

Quote from: Davidniam55 on June 22, 2018, 06:48:28 AM

if bitcoin still exists. means altcoin also exists. in the sense that bitcoin and altcoin will continue to go together alongside complement each other. as if both would be inseparable. bitcoin will become his head and altcoin will be his body .

Bitcoin cannot just exist alone because there are already many new generation altcoins that are created that have faster transaction, lower transaction fee and has better scalability. Bitcoin has the first mover advantage that's why it has many supporters and most famous cryptocurrency and has the highest price but in due time when an altcoin will garner more supporters as bitcoin with better technology then it would take its position.

188

Ethereum Forum / Re: If you were me, buy Ethereum or EOS?

« on: June 21, 2018, 01:04:47 PM »

I would buy ethereum because it has been existing for some time already whereas EOS is still somewhat new although there is a possibility that you profit more in EOS when more people adopt it and due to its low price, it has still a chance to moon while ethereum has already a high price but then it is more stable for me than EOS so I would choose ETH over EOS. If you have a choice though to split your funds between the two then you can invest maybe 70% for ETH and 30% for EOS.

189

Cryptocurrency discussions / Re: Crypto suitable for long term investment

« on: June 21, 2018, 01:00:04 PM »

I would choose bitcoin too and some altcoins have shown that they cannot be easily swayed by market crashes and has been long standing alongside bitcoin which would be ethereum. I would choose from the top ten or top 20 coins that has been existing for at least two years and of course, a strong support from its community can be observed because the more supporters the coin has, the more demand it would have.

190

Cryptocurrency discussions / Re: Can we say bounty is an investment?

« on: June 21, 2018, 12:37:52 PM »

Quote from: Dacosta on June 18, 2018, 07:21:46 PM

A lot of people have their own description of bounty. Some say its an easy way of earning tokens without investing. To me, bounty is also a form of investment but in this case, we invest with our time and energy either than physical cash

I agree with you. Money isn't the only one that can become an investment but the time and effort spent in doing bounty campaigns is also a form of non-monetary investment. Although there are times when this investment will be wasted when the project turns out to be a scam.

191

Bitcoin Forum / Re: Jobs or bitcoin?

« on: June 20, 2018, 07:35:15 AM »

If you have proper time management then you can do both. Having a job will provide you fixed income while earning through bitcoin may be an additional income or you can make it as your main source of income if you are earning from it that can provide enough for your daily living. It is not recommended though that you make crypto as your source of income if you are just starting because you may loss instead of having profits especially when trading.

192

Sorting Box / Re: To all who came first in this forum and become active member here

« on: June 20, 2018, 07:10:59 AM »

I like this forum because I can still read all the replies of the people so that I can share as well my ideas that are not shared so I can contribute to the forum. I am fairly new here but I like that there are dedicated topics for some major altcoins because in the other forum, it is more focus on bitcoin. I like the design more as well.

193

Basic Questions about Cryptos / Re: Where to learn crypto trade

« on: June 20, 2018, 06:48:49 AM »

Many people would say that technical analysis doesn't work in crypto but I beg to disagree because when people are using the same kind of patterns and indicators, it would become the support and resistance price which would help you in determining when to buy and sell the coin. I would suggest first to learn in babypips about technical analysis so that you will understand the significance of the indicators and how it can assist you in understanding the market. It also tackles fundamental analysis and market sentiment.

194

Ethereum Forum / Re: Do you prefer to invest for long term in Bitcoin or Ethereum?

« on: June 18, 2018, 06:48:48 AM »

I would invest in both because these are coins that has been long standing and unlike the new coins nowadays that has yet to prove their performance in the market, the two coins has been maintaining their position in the crypto world being included in top coins in terms of market capitalization. You can also see that these coins have supporters and are quite loyal to it and you can be confident that even if the price goes down, it would eventually go up because of the demand.

195

Ethereum Forum / Re: Can Ethereum rise like Bitcoin?

« on: June 18, 2018, 06:21:42 AM »

Quote from: pavetip on June 17, 2018, 07:25:48 PM

Maybe, but the price of bitcoin will be even higher.

Since bitcoin has more supporters and the most famous cryptocurrency then it will be more valuable than ethereum but we don't know for sure if ethereum would be able to take bitcoin's reign as king of cryptocurrency as the cryptocurrency industry is just in its infancy compared to other markets. We know that ethereum and bitcoin are use as base coin in trading and many people are holding it for long term so as bitcoin rise, ethereum would rise as well.