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Messages - izarok

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Cryptocurrency Trading / Re: Altcoins Not Getting A Share of the Bull Run

« on: January 01, 2021, 03:39:18 PM »

Bitcoin's primarily runs was the result of it's support (or direct whale involvements). Moreover, altcoins are currently gaining from it but not as drastic as of the last run of 2017-2018. Most of the developments surrounding major tokens involves kyc, forks and other long term changes. We may not see a big boost in altcoins prices today but definitely it will follow as soon as the market adopt and adjust from the current pricing.

Cryptocurrency Trading / Re: Trade on the Exchange, not in a "wallet"

« on: January 01, 2021, 03:01:11 PM »

Trading from wallet to exchange is still the best of both worlds. Pick your exchanges from the top 10 and after trading transfer your funds to your secured wallet. Not a fan of leaving potential tokens on exchanges though.

Cryptocurrency Trading / Re: What is Your first invested Coin?

« on: January 01, 2021, 02:57:20 PM »

Quote from: Maynul96 on November 22, 2020, 06:18:51 PM

What was your first altcoin you have either mined or invested in. This was benefit or not for you? Comment Guys.

My mined / invested first token was Ethereum way back 2015. I sold most of it during the peak of 2017 and wasn't able to hold much tokens before crashing. It forced me to see the market as it stands now. Sell during peak and ath don't hold much when the whales are planning to cash out.

Cryptocurrency Trading / Re: Trading without experience and knowledge

« on: December 29, 2020, 07:54:23 PM »

Trading without prior knowledge is definitely a bad move. You want to earn profit but not careful enough to study basic trading practices will result in your demise. Experience will come over time but the key will always be at your core knowledge and basic trading practices.

Cryptocurrency Trading / Re: Trading

« on: December 29, 2020, 07:49:29 PM »

Quote from: John Kammy on October 22, 2020, 11:43:43 AM

What all scams can we experience in the field of Crypto trading? Are there any ways to get aware of this and stay away from the fraud?

The most common scam in crypto is fraud. You can easily check if the ico is legit or not by checking their organizational chart and double checking their credentials. There is no harm in checking and asking question.

News related to Crypto / Re: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader

« on: December 29, 2020, 07:44:28 PM »

We can speculate a new all time high since we broke past the $25,000 mark. Usually the price would corrected but since it is hovering around $26k if the price stays there for a couple weeks or move beyond it we can assume that the "new" support is around 26k. Moreover, $30k by 1st Quarter of 2021 is not that far-fetch though.

Bitcoin Forum / Re: Bitcoin price again Increase

« on: December 15, 2020, 06:18:34 PM »

Quote from: mrjoy15 on December 15, 2020, 05:48:42 PM

Still, having no idea does bitcoin thing help to boost altcoin market. Anyway, I'm quite happy recent bitcoin move, it's about to create new all time high. We need to keep stay positive, haters keep bashing BTC no matter, whats! But, we know Bitcoin eventually reach its ATH.

Bitcoin is the driving force of the market, as soon as BTC goes up the alts will follow. It has the largest market cap and mainly the first token implemented for P2P Electronic Cash System (Satoshi's Work). Too put it simply, BTC is the primary signal that dictates the cryptocurrency market trend either it goes up or down depends solely on BTC's support, resistance and runs.

Cryptocurrency Trading / Re: How Much Money Do You Make From Trading?

« on: December 15, 2020, 04:55:00 PM »

Quote from: Maynul96 on November 26, 2020, 12:29:29 PM

I really want to know how much you guys earn per day / week / month / year in your cryptocurrency trading activities?

If you are currently aiming to be a day-trader chances are you need to be well-versed in this current market (2020-2021; QTR increments). A gain of 10-20% daily is a no big feat when it comes to day-trading. There are no definite "fixed-profit" during a given time frame but you can estimate it by the amount of what you have invested. Always set a fixed amount for a given period, not to overestimate and always prepare a back-up plan for losses. Always remember "High risk, High reward".

Example:

Day Trade = $30-80, in weeks time (since crypto trading is 24/7) $210-560 and in a month $840-2240 and within a year $10080-26880. Weighing in your potential losses of 10-20% during the whole course of your projected earning you'll get $8064-21504.