I started rehearsing my trading skills and strategy again on my favorite derivatives trading exchange, which is Digifinex. Although I am not yet trading with real money, I am still on the demo account, which usually offers a demo balance of $1000. Honestly, since I started practicing again, I have blown the demo balance more than three times now. First, when I started, I increased the balance from $1000 to $1500+ just in a day. I should have just rested for that day after making such a profit, but I got greedy (that's what it is) and decided to keep trading if I could increase the balance up to $2k, but my last trade blew the account.

It happened again the second time and again the third time, and I just kept blowing those accounts after making enough profit that I should have just taken a break every day and continued the next day.

You guys might be thinking that this is just a demo, so why worry? And my reply is that there is a need to worry because you can actually use the demo account to learn how to master and control your emotions and how to listen to your inner voice when it speaks to you to stop. You will also learn how not to get greedy, but you can achieve those characters if you actually handle your demo balance as if it's already your main balance (your real money).

Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.

We have to consider how many trades did you take to profit 300%, this is the way to determine if you just made it with luck or skill. If you only trade with just 3 to 5 trades and made 300% you're probably relying on luck but if you have taken 10 or more trades to get 300% this means that your trading plan is working.

The way you trade on a demo account vs a live account is different because there is no emotion involved in demo account that's why you can execute well in the market unlike with live account which really affects your execution.

ETF approval has a positive impact to it's price. When the SEC decided to approved ETF, investors, whales, and institutions will accumulate Bitcoin right after the price is approved which result to a significant upside move of the price.

ETF can't make the price increase to 5% by itself.

But do we really need to rely our investment in Bitcoin ETF?

No, because Bitcoin ETF is just like us who are here in crypto to make money so they will do their best to get advantages in the market. When you buy because they buy, they can get more profit% than you, so if they are going to sell it in a short time you probably lose. This is what really need to be aware of.

Nagtry din ako sa gcash, mas convenient gamitin though may kataasan ung fee. Pero mas ok n to kesa sa dating way na maraming steps pa para makabili. Need ko kasi ng pang gas para malipat ung mga crypto ko para mabenta. Grabe ung fee kakaiyak.

Mas maganda talaga yung ganito kasi hindi masyadong hassle para sa mga baguhan, isang step nalang gagawin mo para makapagtransfer ng tokens sa metamask di katulad ng mag cashin ka pa sa exchange bago ilipat sa personal wallet medyo mas risky kasi maraming step. So prefer talaga yung ganito.

Pero kapag hindi mo naman kaya magcash-in ng $30 ay magcash-in ka nalang sa pamamagitan ng p2p sa exchange bago ilipat sa metamask, sigurado maliit lang minimum withdrawal at fee lalong-lalo na smart chain gamit mo na network.

Management Fees: ETFs typically charge annual management fees, reducing the profits for those holding shares in a Bitcoin ETF compared to direct trading on cryptocurrency exchanges.

I don't see a disadvantage of having a management fee because you will only pay it yearly. It just only a little amount of funds compare to your potential annual profit.

Trading Hours: Bitcoin ETFs are only available on the stock market and depend on stock market opening/closing hours. This limits the flexibility of trading for investors compared to the cryptocurrency market.

In my opinion, there is nothing to worry since it is normal to the stocks to have a closing hours especially if you trade stocks before.

ETF Price Discrepancy: The price of a Bitcoin ETF may deviate from the actual value of Bitcoin due to the imbalance between supply and demand, potentially leading to inaccurate buying/selling prices.

I think it's normal to have a little bit of differences as long as the price is not glitching.

Except for some new traders, most experienced traders do not relay of paid subscription for any price prediction groups because a lot of those groups are just purely scam and nothing else. Some could be real but only very few but despite that few are real, you can not still be accurate of price prediction all the time because the price of cryptocurrency is usually very dynamic.

As a trader, my best trading strategy in alt coin investment is to buy on a low price and sell high.  I trade more of the coins that are only listed of tier one cex and I prefer to buy coins with very low price (e.g: $0.0001 or $0.05) so that I can actually buy a huge number of the coin and if the price can just move from $0.05 to $0.15 it can give a tangible profit.  Also, I like to trade mostly on newly listed coins. Lastly, if a coin is listed with just a small trading volum, I will dive in because I know that as the volume keeps growing, it means more investors are pumping in funds and it will surely chase the price to go up, but if it's listed with a huge trading volume, there are chances that the volume can be dropping gradually so as the price.

Traders won't recommend paid subscription because they realized that the key to become profitable trader is not solely in the strategy.

They learned that we only need one strategy and master it because there is no strategy that have 100% win rate. So if you keep joining paid mentorship program, you're just wasting your money and time because when you apply it in your trade you feel like it's not working, you just didn't realize that the real problem is you, our mindset.

Quote from: Delgboke on February 01, 2019, 01:28:36 PM

Since cryptocurrency is gaining more popularity can you quite your job to bounty hunting or take bounty as a full time job despite the fall in cryptocurrency market.

I don't think you can quit your job and go bounty hunting because it is becoming not profitable right now. I think 2017 is the only time it boom and then disappear after that. I made huge amount of money that time tbh through bounty hunting and after that things are going the opposite. There is no assurance of making money through bounty hunting so much better choose a Bitcoin paying signature campaign as you can secure weekly rewards with it.

I also earned more in bounty campaigns before than with signatures campaigns because ICO's before most reached their hardcap but it's different now. Most ICO's today didn't reach their hardcap that's why most of them won't continue to develop the project.

So if you quit your job today and focus on Bounties, it won't sustain your daily needs especially if you have a family to support. It takes a month to get rewards from them and you have no idea how much it will worth when it listed. However, there are bounty hunters who focus solely on bounty hunting and quit their jobs.

We have seen since 2017 airdrop has become absolutely worthless. But i see from this forum that there are many topics about airdrop and giveaway. What strong beginnings are these, in fact? Because now any project is unwilling to distribute tokens for free.

That's not entirely accurate. There were a number of good airdrops that year, and many bounty hunters made a lot of money from them. Airdrops are becoming increasingly worthless since investors are unwilling to participate in ICOs. They learnt a lot from the past, as there are a lot of fraudulent ICO projects these days. They like to invest in already-launched, legitimate projects.