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Showing 5 of 5 results by LonelyUranus
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Board Bitcoin Discussion
Re: Basic Bitcoin skills
by
LonelyUranus
on 11/09/2021, 06:12:57 UTC
Many people are not technical talents. For Bitcoin, our understanding comes from how to trade and how to store it. For me, the technology and development sector is my obstacle, because I can't understand it. To say that simple technical skills may be how to use decentralized exchanges. I regret not having studied science or computer.
Post
Topic
Board Trading Discussion
Re: Don't be too desperate to make earning
by
LonelyUranus
on 10/09/2021, 07:58:33 UTC
Quote from: Masplanc on July 15, 2021, 03:04:14 PM
Trading cryptocurrency aren't for kid's , it's for people with matured mind. Going into cryptocurrency trading , one have to build up is mindset to be patient to trade for a long time. One of the problem that affects traders during trading is that they think so fast to make profits . Trading cryptocurrency for a very short time always is not the best as a trader .  Successful traders I have come across go into longtime investment , trading is not just acquiring cryptocurrency but trading comes from the mindset. If the mind is not on positive direction it can result to bad outcomes. And at this point now that the cryptocurrency price is low it's best time to go into longtime trading that will yield good profits in time to come.
So, do not be too hasty to make profits , short time trading don't pay much

For novices or people with a bad mentality, especially those who are not good at controlling their emotions, this conservative approach is still very right, except for gamblers of course. I am not a day trader or a swing trader myself. I may pay more attention to value and long-term holding strategies. Because my heart is not strong enough.
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Topic
Board Bitcoin Discussion
Re: El salvador a trail blazer for other developing countries
by
LonelyUranus
on 08/09/2021, 03:54:08 UTC
El Salvador is the first country to use Bitcoin as legal tender. As pioneers, many small countries, developing countries, or countries that are economically controlled by the United States are all watching the changes in El Salvador. If El Salvador does a good job, it may involve many countries. There are too many unknowns, let's wait and see
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Topic
Board Bitcoin Discussion
Re: Massive flash crash
by
LonelyUranus
on 08/09/2021, 02:46:03 UTC
The rise during this period of time and the sudden drop yesterday are normal fluctuations, but the magnitude is a bit larger. Essentially, some big bookmakers harvest ignorant retail investors. Market sentiment and Bitcoin news are their tools. There are good reasons to complete the accumulation of wealth, and retail investors really don't have much say. This is how the two sides of the zero-sum game face off. Don't be surprised. In fact, this kind of volatility is something that many traders look forward to very much. If the Bitcoin price fluctuates very little, it will be a time torture for them.
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Topic
Board Bitcoin Discussion
Re: 7th September 2021 Bitcoin becomes legal tender first in history
by
LonelyUranus
on 08/09/2021, 02:23:33 UTC
Quote from: Wiwo on September 06, 2021, 02:31:01 PM
Bitcoin is on the way to becoming an official legal tender by the government, even though there have been so many obstacles along the part the El Salvador government will on the 7th of September accept bitcoin as a legal currency within the country, can we say we are in for another long runoff for Bitcoin market.

This will be an unforgettable day. Just when this news came out, the whole world was helping El Salvador get low-stakes Bitcoin. It seemed like a joke, but Bitcoin fell by $10,000, making The human heart jumps. My personal feeling is that during this period, the Bitcoin market is too active, not a rational increase. This phenomenon is like eating too fast, and there is flatulence in the stomach. Bitcoin's fall is like a fart.