Search content
Sort by

Showing 20 of 27 results by Aurorra
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is more real than money in the Bank
by
Aurorra
on 16/11/2021, 02:16:00 UTC
Bitcoin is decentralized, and it will not be controlled by anyone. Bitcoin is controlled by all users, and no one or organization can change it. Bitcoin allows users to truly control their own assets, rather than indirectly through the bank's control, so that users can truly achieve freedom and ensure the inviolability of private property.
Post
Topic
Board Trading Discussion
Re: Trading is a game of capital
by
Aurorra
on 27/09/2021, 08:52:01 UTC
When you first start trading, start with a small amount of funds, analyze the market and find experience through trading. The price volatility of cryptocurrency makes trading difficult. It is necessary to have trading skills and strategies and trade within the range of funds that can be tolerated to reduce trading risks and economic losses.
Post
Topic
Board Trading Discussion
Re: Taking loan to trade is a risky task
by
Aurorra
on 27/09/2021, 08:44:59 UTC
Loan transactions are indeed very risky. Although cryptocurrency is profitable, the more money you invest when the price rises, the more profit you get. But when the price drops, you have to bear more economic losses. So don't choose loan transactions, and trade within the range of funds you can afford.
Post
Topic
Board Economics
Re: Cryptocurrency: The Future of Finance in a New World Order?
by
Aurorra
on 27/09/2021, 08:29:07 UTC

Under the digital economy trend, cryptocurrency will involve more fields. It is indeed of great importance to change human life, improve people's economic conditions and bring many benefits.

Although cryptocurrency has many benefits and its use is increasing, it will not replace fiat currencies now.
Post
Topic
Board Altcoin Discussion
Re: Should you take loan(s) to invest in crypto?
by
Aurorra
on 27/09/2021, 06:58:11 UTC

Loan investment will increase investment risk. It is unlikely that all investments will be profitable. When the price drops, it means that the invested capital will be lost and the loan interest will be paid. Loan investment will bring more economic losses and risks.
Post
Topic
Board Altcoin Discussion
Re: Is Altcoin Safe for Investment
by
Aurorra
on 27/09/2021, 06:52:32 UTC
There are risks in investing in any cryptocurrency, but there are also relatively safe   and reliable altcoins in the market. It is necessary to study and analyze the development background and technical support of the project and choose safe and profitable project investment to avoid project scams and some risks.
Post
Topic
Board Trading Discussion
Re: Does a trader needs to be a full time trader to be successful?
by
Aurorra
on 26/09/2021, 09:32:53 UTC
Trading is not simple, and full-time traders cannot guarantee the success of every transaction. Trading needs to learn a lot of encryption-related knowledge, and also spend a lot of time using various indicators to analyze market conditions and formulate trading strategies based on trading experience. Even amateur traders who have sufficient trading knowledge and experience and control their emotions when trading can be successful in trading.
Post
Topic
Board Trading Discussion
Re: Emotions should never be traded.
by
Aurorra
on 26/09/2021, 09:17:47 UTC
Many people lose money in trading because they are affected by market sentiment. When currency prices fall, novice traders will panic and make mistakes in selling, resulting in economic losses.

Trading must have a sufficient knowledge base, control emotions, analyze the market with a calm and clear mind, and find a suitable trading strategy that can make a profit.
Post
Topic
Board Economics
Re: Why would people ever use bitcoin if its expected to always go up?
by
Aurorra
on 26/09/2021, 08:45:25 UTC
The price of Bitcoin will be determined by demand and users. Due to the volatility of Bitcoin prices, many investors will sell when the price is high to get a profit, and then buy and hold when the price is low to get more profit.
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin suitable to become legal tender?
by
Aurorra
on 26/09/2021, 08:15:55 UTC
Bitcoin cannot be used as legal tender. Its price instability is risky, and its decentralization is difficult to control. Bitcoin will not be guaranteed by the government like fiat currency, it is insecure. Bitcoin users are a minority, and many people do not understand it but prefer to use national fiat currency.
Post
Topic
Board Trading Discussion
Re: What is stop loss and how it works
by
Aurorra
on 25/09/2021, 09:48:16 UTC

Trading risks in the crypto market are very high, and stop loss is a very important part of trading.
Setting a stop loss in the transaction can manage the loss in the transaction and minimize the loss. It can also protect funds from market fluctuations and prevent the loss of all funds.
Post
Topic
Board Trading Discussion
Re: holding is not an easy thing
by
Aurorra
on 25/09/2021, 09:36:30 UTC
Insist on holding for a long time is a good strategy for profit. Long-term holding requires sufficient financial support and a calm attitude in the face of market changes, as well as enough patience to wait for time.
Post
Topic
Board Bitcoin Discussion
Re: The risks of using Bitcoin
by
Aurorra
on 25/09/2021, 08:35:57 UTC
Bitcoin price fluctuations not only bring risks and losses, but when the price rises, it also brings a lot of profits.

Bitcoin's decentralization and anonymity will not be regulated by the government. Many people will benefit from this feature and use Bitcoin as a money laundering tool.
Post
Topic
Board Bitcoin Discussion
Re: Why Do Young Investors Prefer Cryptocurrencies?
by
Aurorra
on 25/09/2021, 08:23:21 UTC
Cryptocurrency is very popular nowadays, and young people will pay more attention to popular things. They will understand the meaning and value of Bitcoin from multiple channels, and know that Bitcoin brings profit opportunities. And as the value of Bitcoin increases, more and more people will pay attention to and love it.
Post
Topic
Board Altcoin Discussion
Re: Huge gains and still holding ?
by
Aurorra
on 25/09/2021, 08:05:58 UTC
The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

Lets not say its a greed. But seeing Bitcoin's massive growth over past years, its convincing to hold back the coins irrespective of what coins are they. I am one among you who can not wait to take off my profit even if it is just 10%. However, I have learnt that day trading is better but long term trading is the best when I see it from my trading experience from 2017. But yes, as you say, there should be a limit set for profit. 


Everyone will have their own investment goals, and they will analyze the market to formulate the best profit goals so that when prices rise, they are still waiting for the opportunity to continue to rise. And they will get the most profit through investment experience and their own strategies.
Post
Topic
Board Altcoin Discussion
Re: Which Cryptocurrency is best for long term investment?
by
Aurorra
on 25/09/2021, 07:29:08 UTC
Everyone will have their own investment goals, and they will analyze the market to formulate the best profit goals so that when prices rise, they are still waiting for the opportunity to continue to rise. And they will get the most profit through investment experience and their own strategies.
Post
Topic
Board Economics
Merits 1 from 1 user
Re: What is better - cryptocurrency trading or investing?
by
Aurorra
on 25/09/2021, 06:40:20 UTC
⭐ Merited by Ratimov (1)
Both transactions and investments need to understand the crypto market and project-related information in advance.
Many altcoins are more suitable for short-term transactions. Their initial price is very low, and as people buy and demand will continue to rise, the price will increase many times in a short period of time.
Choose long-term and relatively safe currencies for long-term investment, such as Bitcoin and Ethereum. Their development has brought a lot of benefits to many investors, and long-term holding of them will have a great opportunity to gain benefits.
Post
Topic
Board Trading Discussion
Re: Continuously Loosing money in Trading!!!!
by
Aurorra
on 25/09/2021, 06:12:37 UTC
Before trading, you need to have sufficient knowledge to analyze the market, research and choose the cryptocurrency to be traded and develop an appropriate trading strategy. The crypto market is constantly changing over time. It is necessary to find the reason from the failure and then update and improve the strategy to avoid long-term losses.
Post
Topic
Board Trading Discussion
Re: Trading Strategies changes with time
by
Aurorra
on 23/09/2021, 09:40:54 UTC

The crypto market is unstable and trading strategies will change over time. According to market changes, analyze prices to develop different strategies.
When the previous strategy cannot get profits from it, it means that it is no longer suitable for the current market. It is necessary to make timely adjustments based on trading experience and indicators to reduce risks and losses.
Post
Topic
Board Altcoin Discussion
Re: Why Cryptocurrency is not Legalized Despite the Many Benefits
by
Aurorra
on 23/09/2021, 09:28:08 UTC
Cryptocurrency brings us many benefits and values, changes our thinking and helps realize wealth freedom, and can be quickly traded all over the world. However, its price fluctuations are unstable and difficult to use in daily life. Its decentralization makes it difficult for the government to supervise it, and it is likely to be used in criminal activities. It is easy to adversely affect the stability of the national economic system.