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 - Hope4life

Pages: 1 2 [3] 4 5 ... 33

Cryptocurrency Trading / Re: Stop loss importance

« on: September 12, 2022, 12:12:39 PM »

I believe stop loss is very important to use, it prevents you from experiencing huge losses especially if you are trading daily, weekly or short term. Several times i forget to do stop loss hoping the price will go up again but it is the opposite. So in conclusion, if isn't for investment, you should always use a stop loss.

Cryptocurrency Trading / Re: Traiding bots

« on: September 12, 2022, 12:08:27 PM »

Quote from: Satpol PP on September 12, 2022, 09:13:17 AM

Quote from: Osama Sultan on September 11, 2022, 06:03:25 PM
I dont prefer and recommend bot trading because the market is not run in same direction and in this market there are so many manipulation in the crypto market because of much higher amount of exchanges giving us the opportunity of taking leverage therefore sometimes exchanges or whales can hunt our stoploss sometime give us fake buy signal .

Yeah we should have good analizys and do research before invest in coins or tokens. I personally didn't like trading bot, I agree with several opinion here that prefer in trading manually. it's more safe

The bot is annoying in the cryptocurrency market, they will do manipulation with the market price. And from my peronal view, it's best doing manually because you can monitor and i agree it more safer.

Cryptocurrency discussions / Re: Can Solana be the next Ethereum???

« on: September 12, 2022, 12:03:14 PM »

I do some hope that Solana will reach all time high again like the last year, Solana definitely offers better than ethereum because it's faster and cheaper for transaction. It'll be hard for Solana to beat ethereum price but it's not impossible in the future.First of all, solana need to gain more people and project to use their ecosystem and reach mass adoption.

Cryptocurrency discussions / Re: How would YOU present a crypto project?

« on: September 12, 2022, 11:56:30 AM »

It would be good if you introduce to your audience what is cryptocurrency real case application in everyday life beside using it as trading commodities. Because with current development, you can almost use crypto in every field of innovation such as the newest like metaverse, DeFi, IoT.

Cryptocurrency discussions / Re: $75,000 USDC reportedly frozen because of the Tornado Cash crackdown

« on: September 12, 2022, 11:52:12 AM »

Quote from: MrSpasybo on September 12, 2022, 11:42:32 AM

Anonymity is one of the advantages of crypto, but now people want to give it up. This will be an important event for us to know the views of the law enforcement agencies and user expectations of the crypto market. I'm not advocating banning this app, it's really effective to get crypto out of government regulation.

Yes, that's what happened, I think with the fast development of cryptocurrencies and being anonymous and decentralized attracting lot of people to do criminal transactions and in the end the government will regulate it. It will be safer to store funds in your own private wallet and trade on platforms like dex than using a mixer.

Cryptocurrency discussions / Re: Crypto currency is all about HODLING.

« on: September 11, 2022, 11:26:09 AM »

Quote from: gurunanakji777 on September 11, 2022, 08:39:45 AM

It's not like that every time holding a coin will pay you a good profit. I am in the cryptos for 6 years and made several mistakes and learned many bitter lessons also from the crypto market. Some of the coins that I hold for a long pay me a good profit and some of them become worthless so one should understand which coin to hold and which coin to sell when the price increases So it's all about one's knowledge of understanding when to quit or when to hold.

That's really true, people need to understand that sometimes holding mean losing unless you're commited for long term investment. I know people who holding for a long time because they miss to do a stop loss and the coin even reach below 50% from previous price. Holding is good when you're a long term trader and it's not good if you're a daily/short term trader.

Cryptocurrency discussions / Re: Always Invest that you can afford to lose.....!!

« on: September 11, 2022, 11:20:57 AM »

This is something that often happens, people borrow money from the bank in large amounts because they are tempted by the news that other people get a lot of profit. This is so wrong, crypto is very volatile and investments should be made with idle money.

Cryptocurrency discussions / Re: Do not Invest while market is UP

« on: September 09, 2022, 08:43:22 AM »

Quote from: Osama Sultan on September 07, 2022, 03:53:09 AM

In this field patience is the key for taking profits , most people's buy the crypto coins when they on high price and when the coins going to the bottom they afraid of buying .
The solution of not buying at the top is look the chat of any crypto in daily time frame on there you can clearly see the when to buy any crypto . By the way this is a good time buy in parts for example buy with 25% at this time when price goes lower buy more . Good luck Happy Trading.❤️

Yes i agree with your opinion, these are the basic things that traders need to know where buying cryptocurrency. The problem is humans mostly act based on emotions where this will affect decisions, then this will cause panic buying or commonly called FOMO (Fear Of Missing Out). So the basic thing to do is to control your emotions and stay calm

Cryptocurrency discussions / Re: When Will Start Bull Trend?

« on: September 09, 2022, 08:37:41 AM »

Quote from: Afony on September 08, 2022, 07:27:59 PM

In 2023, there will be a growth of the market, bitcoins will not allow the market to fall and another reduction in the number of bitcoin coins will lead the market to growth. Most investors go with the market and sell their coins that need to be kept on a long-term investment.

I also hope bitcoin will bounce back in 2023, sadly this year is very unstable state in the cryptocurrency market. I also hope that geopolitical situations that are heating up next year can be calmed down so that economic recovery can occur and will give a positive signal for the growth of cryptocurrencies market.

Cryptocurrency discussions / Re: Best website to invest my bitcoin

« on: September 09, 2022, 08:33:53 AM »

If you want to do investment i recommend you to use big platform like binance, it is the platform with the most users and provides the largest custodial staking in the world. Or you can use staking platform provided by safepal, you can also check information about the best staking platform with the coinmarketcap website below :
https://coinmarketcap.com/alexandria/article/the-best-staking-pools-and-lending-platforms

Bounties & Rewards [BOUNTY] / Re: 🟥[BOUNTY]🟥 SolarBlox - Crypto Solar Mining | 250 000 SBX | ESCROW 🤑 SIGNATURE

« on: September 06, 2022, 03:35:47 PM »

Cryptocurrency discussions / Re: After Covid-19 What Is Cryptocurrency Market Situation?

« on: September 05, 2022, 06:23:33 PM »

The cryptocurrency market is performing well in the late covid peak last year, then after post-covid it's seem that the trend is shifting toward a bearish market. The situation is mainly affected by economy recovery but then it's get hit by a conflict in Russia-Ukraine.

Cryptocurrency discussions / Re: Where to hodl Ethereums? (ETH MERGE)

« on: September 05, 2022, 06:18:05 PM »

After reading the official information from the ethereum website, it can be concluded that you don't need to do anything about this merge process, later several testing will be carried out before switching completely from Proof Of Work (PoW) to Proof of Stake (PoS). Possibility for users who store ETH on the exchange will automatically receive it in the wallet.

Cryptocurrency discussions / Re: Whats your thought about new projects

« on: September 04, 2022, 05:31:02 PM »

I think this is a normal thing that happens in the cryptocurrency world, innovation will always follow the times and trends from time to time will be different. In the end, only a few projects will survive and even then they must always be updated to keep up.

Cryptocurrency discussions / Re: Will September 2022 be another worst month for crypto?

« on: September 04, 2022, 05:28:45 PM »

A cycle like this that occurred in the month of the previous year is indeed one of things that triggers a decrease or increase in prices for cryptocurrencies. I think it's the right to follow the cycle so we can be more careful when buying any coins.