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Showing 20 of 2,925 results by lumeire
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Board Trading Discussion
Re: Tips for good trading
by
lumeire
on 16/02/2022, 20:14:18 UTC
For me as a day trader i can really say that trading is not an easy way to make money especially when it comes crypto because of beings so volatile of the market .
so for those who wants to become trader but can't afford to lose money i highly recommend to use paper trading first and practice your skills, learn how to have risk management and also build your trading plan before jumping into live trading. just don't rush your situation and must have discipline if you really want to have a good journey in trading..
These are all the right practices that I enjoyed while learning trading for the very first time. The problem what most of the newbie face is that they become very confident after just a few paper trades that went well and according to their plan and they start to trade with real money right off. But the thing is that they tend to loose a lot of money after this process.
They should atleast make 100's of paper trades and mark the entry price and target price right off the bat and if they loose then should understand what went wrong in the trade and try to rectify that loose end in next trades and then only start with a demo account with fake money in it, if successful then only enter in real trades.
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Board Altcoin Discussion
Re: What Alternative coin have you bought ?
by
lumeire
on 16/02/2022, 13:11:41 UTC
all altcoins have experienced a big decline and I think buying little by little altcoins at this time and holding them for the long term is the right choice because I believe the market will improve soon and hopefully in 2023 the coins will touch their ath again.
But why in 2023, coins are already gaining back the losses and if that continues for a few more months we will be back to the ath. After that everything is only profit.

I am more focused on DOGE which is pretty Dirt as compared to what it was at it's ath of about $0.7 and also polkadot. I used to invest in BNB but it isn't giving me any good returns over my investment so I just stopped buying more of BNB and is just holing what I have previously brought to avoid losses while selling.
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Topic
Board Economics
Re: Bitcoin failed to fulfill the purpose it was created for ?
by
lumeire
on 15/02/2022, 18:50:37 UTC
We all know that bitcoin is the king and father of all digital assets. Bitcoin was created for 2 purposes.

1. To be an alternative to fiat currency.
2. Stay free from govt control.

At present some big online marketplaces accept bitcoin but from being an alternative payment to fiat currency I think we are still behind. We also saw many countries are hostile towards bitcoin and china baned everything related to bitcoin. So china's ban on bitcoin shows that it's free from govt control or its the opposite? Bitcoin can really be the alternative to fiat?
Bitcoin is far from replacing fiat currencies currently, even in the future it won't be able to replace fiat only that it can work along with hard cash. Bitcoin is what many people say internet money but whereas people still prefer to not go through the hassle to buy crypto just to transact where they can only pay for their daily goods with cash, which is time saving as well as safe to use for non tech-savvy people.
About government control, bitcoin is still free from government control and will always be, it's just that the price fluctuate a lot in accordance to the decisions made about the legality of bitcoin by governments.
The purpose of bitcoin was always giving power back in the hands of public and I guess it is doing its job in the right way. Who could have thought 20 years ago that we could be albe to send money to others over internet just using a Sting of numbers or a QR code.
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Topic
Board Trading Discussion
Re: Hire Crypto Trader
by
lumeire
on 15/02/2022, 12:38:25 UTC
A few days ago I joined a group and they told me they would signal me to trade.  And what a regular signal they gave but I did not get good results from their signal.  I had a good amount of profit when I traded with my darna before I joined their group.

As a rule, such signals seem accurate, but only until you try to put them into practice. But I can assume that after you stop following the signals, you see that some signal is really triggered by 100%, thereby compensating for previous unprofitable trades.
The signals that are provided on these groups are for the benefit of group admins and some other insider people who decide which coin to pump, it's just a pump and dump scheme on most of the groups. They buy the coin first in small amounts and accumulate the coins over many days, once they have reached the threshold then they push the signal of that coin to buy and once the price goes up when people buy the coin then they dump their bags on the late comers and earn profits.
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Board Altcoin Discussion
Re: What's your reason for buying altcoins?
by
lumeire
on 15/02/2022, 10:52:43 UTC
I used to buy bitcoin when it was cheap and the transactions were also a lot cheaper than what it is today. But now the price is a lot higher than ever before and the same goes to the transaction fees involved, so I shifted to other coin and tokens which are cheaper now but are speculated to rise exponentially in the future like the Metaverse tokens and the coins based on binance smart chain instead of buying tokens on Ethereum chain.
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Topic
Board Altcoin Discussion
Re: Dogecoin 🐕‍🦺 1$ possible in 2022 or not?
by
lumeire
on 15/02/2022, 06:03:29 UTC
Dogecoin which increased by around ± 3,500% in one year makes it a crypto asset that attracts the attention of traders and investors. Elon Musk will continue to support Dogecoin, he will always voice support for Dogecoin on social media such as Twitter, Elon Musk's tweets are a big boost to Dogecoin success. The emergence of another memecoin will be a new rival for Dogecoin, Doge must be ready to compete in the future to maintain its value.
Elon Musk's tweets regarding Dogecoin are now normal to crypto investors and now there is very little value of his tweets in support of doge coin. If he says something negative about DOGE then only the price will tank, but something positive coming out in his tweets will have very less to little effect on the price.
But if someone big also invest in doge and support it publically then only the price will increase and would cross $1 mark and once that happens the price will further increase dur to FOMO.
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Topic
Board Trading Discussion
Re: Worst exchange you experience for trading
by
lumeire
on 14/02/2022, 20:36:45 UTC
For me, yobit is the exchange that feels like it can scam me out of my money anytime, although they have never done that but it still feels the same. The customer service is very poor and most of the times they don't even respond to the tickets created, after about 4 to 5 days average time they respond to the tickets that were created. The coins listed there are mostly dead coins or mere pump and dump tokens that are to scam the newbies off of their money, rest the UI isn't that responsive in many low end devices as compared to other more trusted exchanges.
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Topic
Board Speculation
Re: Is Bitcoin the best investment at the moment?
by
lumeire
on 14/02/2022, 20:03:50 UTC
Is Bitcoin the best investment at the moment?I've been trading options on BTC for about three years now, and I've made significant gains, how does everyone invest?

There is no single best investment. I believe the last three years you were trading BTC, it appreciated steadily. We know how the market is now. For me I don't invest in businesses that portrays itself as a get rich quick medium. I invest in business that I have researched on and can predict its reliability and durability. I generally like long term investments.   
That means you are saying bitcoin is a great investment for now. Even I have thought just like this from the past 5 years that there isn't any better coin to invest into than bitcoin, the sole factor being it is the first crypto to ever come in existence so it will always be on top in terms of market capitalisation and the number of users using it on daily basis or having it in their portfolio.
Even though bitcoin is lacking the features that other cryptocurrency provides but still it is by far the most trusted coin cause of the fact that the market follows the same trend that bitcoin follows.
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Topic
Board Economics
Re: 2022 Savings and investment plan
by
lumeire
on 13/02/2022, 18:57:32 UTC
The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.
Actually reinvesting and proper timing is very important for our currency market so before investing we have to see where we are investing cause if we invest very good project we can get very good feedback within a short time such as if we invest in blockchain-related project we can get very good feedback with in short time.
It is also not an easy thing to be able to choose a project that is really good and has the potential to continue to grow in the future,
we need to do our own research and I think that's very important,
by joining and investing in a good project then most likely it will be profitable
I guess there are a few points to consider while investing in new projects or even in the already established ones. First one being the community that surrounds the project, if the social groups of that project are very active then it is a plus point but if there are a lot of members in the group but only a handful of messages throughout the whole day then it is a negative sign.
Secondly the frequency of new features and updates that the team provides.
Lastly the PR of the project, this last factor is the biggest of them all, I have seen that a lot of times the projects that remain in limelight are the ones that gain the most in short period of time.
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Topic
Board Economics
Re: The Role of Government in Crypto
by
lumeire
on 13/02/2022, 17:06:35 UTC
If the government regulates the existence of legal crypto and crypto in a country, of course this will have an impact on crypto such as strict supervision and taxation by that country. This also has a great influence on its users, both from a positive and a negative side. On the plus side, all of our assets are safely protected, if you look at the downside, huge taxes will be incurred in crypto trading.

I think we all have understood what decentralization really means, because of its decentralized nature, of course, no government or system can have a full authority over crypto, maybe the only thing the government can do is enforce regulations on the use of crypto by the people in the country,owever, to fully control crypto is of course impossible for the government to do.
I have a little doubt that the rules made by the government will be beneficial for us in the future, just like what is happening in India today, the application of high taxes actually makes crypto users even more burdened, moreover, the application of high taxes is actually more profitable for the government without there is a reciprocal benefit that is given to Indian users and it is clear in the rules of the Indian government that they do not care what happens to the assets that users own.
For sure the government doesn't care about the users that are investing in crypto, they don't care about the safety of those investments that the people are buying into.
They just want to fill the wallets of the government and that's why the 30% tax is implemented on the crypto profits, but if the person looses their money while investing in the market then there isn't any option for tax write off, so it's a loose loose situation for the people who are investing in crypto from India.
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Board Bitcoin Discussion
Re: Bitcoin makes a loser a winner
by
lumeire
on 29/01/2022, 05:40:33 UTC
The people from 5-8th position are the true winners here to be honest 😂😂
A few years back, I think in around 2012 I also made about 10 BTC from online gaming and doing some micro tasks but wasn't having that much courage to hold those Bitcoins and sold them right when I got those coins thinking the market is good and I have got a decent return ony time doing those tasks, but now when I see those transactions I go in regret as to why I sold those coins such early, if I would have hold on to those coins I would have made millions of dollars.
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Board Altcoin Discussion
Topic OP
This guy downloaded all the NFT's in existence
by
lumeire
on 25/01/2022, 20:46:15 UTC
Here I found a wonderful YouTube video where the author have literally downloaded all the NFT'S in existence and also he actually explains what are NFT and how they work in great detail. However this doesn't mean that the market will crash n all, it still holds true that all the NFT's can't be copied or forged because of the fact that they are already registered on the blockchain in the wallets of their respective owners.

https://youtu.be/i_VsgT5gfMc
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Board Altcoin Discussion
Re: Does Hold is Gold
by
lumeire
on 25/01/2022, 20:05:45 UTC
Any luck does not favor good knowledge but strong analysis with existing experience, you will get lucky when the coin you hold rises more than 50% of the price you bought with so luck is in your hands. hold coin does not mean gold even has no value, all coins are down, we must refrain from trading, especially releasing existing tokens or coins.
In my opinion most of the coins that aren't having decent marketcap should be sold right off when they give good returns over investment as they are only short lived coins and will eventually go back to from where they started the journey, i.e. to zero dollars in value. This is what I have experienced in all the years that I have spent in the market and gaining as well as loosing a lot of money in the process.
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Topic
Board Speculation (Altcoins)
Re: BITCOIN - ROAD TO 8,000$ - speculation
by
lumeire
on 24/01/2022, 19:34:25 UTC
Bitcoin going to $8k would be like only when the internet stops working or if there would be a situation like as of in the movie DON'T LOOK UP. Other than these 2 reasons there is no other situation where the price would fall to $8k, even in this market also the price would have to fall to like 30% of what it is right now and bitcoin loosing 70% of it's value being the pinnacle cryptocurrency is hard to imagine.
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Topic
Board Speculation (Altcoins)
Re: Will cryptos go into Bull season?
by
lumeire
on 24/01/2022, 19:01:03 UTC
As far as I can see, there has been speculation about Cryptos lately. I recommend that investors disregard such correspondence. The purpose of these articles is to cause panic to cause loss to small investors and on the other hand to provide high profits to the subject owners. Cryptocurrencies will show serious rises in 2022 and beyond and will open the Bull season shortly.
It is definitely the case that crypto will surely gain much in 2022 but first this dump has to be over with and then only if we enter in a bull cycle then can we see good returns over investment. Since it is a downtrend then we can also enter into a channel where most of the time price would fluctuate here only then it would be a big problem and it could take more time than expected for the bull cycle to return.
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Board Altcoin Discussion
Re: Can SHIB rise to 0.1?
by
lumeire
on 24/01/2022, 18:14:22 UTC
This prediction can only amuse you brother,in reality it doesn’t going to happens,have some safe trading don’t take such high risk in memes coins.
It is always difficult to make guesses and predictions on meme coins which will basically always be outperformed by other better coins in the market, so taking a low risk is the main thing to do instead of being too sure with a very big risk.
Coins like DOGE were also always in news even before Elon Musk started supporting the coin and used to be centre of pumps and dumps many a times, so they were always a good investment and will always be. The same is with other meme tokens like SHIBA and rest, if the developers won't dump their stack on the market then the token is a good investment, if they can't be trusted then it would be quiet a big risk to invest major chunk of the investment funds in it.
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Board Altcoin Discussion
Re: Profitable Coin For 20222
by
lumeire
on 23/01/2022, 20:06:28 UTC
I'll respond with an ironic answer: USDC. Why? I think we are heading into a bear market and, if this is the case, cash on the sidelines will be very useful to scoop up much cheaper altcoins. History proves that bear markets are when the real money is made, as investors then patiently wait for the bull market to arrive.
But even if we buy USDC then also we have to wait for the right time to invest in the crypto that we want to buy, if not then we will be holding a stable currency only which would be a big mistake. For me, the price has already fallen much and now it is a decent time to buy any top crypto currency like btc or ETH, even BNB is a pretty good buy considering most of the new projects are coming on the binance smart chain instead of ethereum smart chain.
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Board Altcoin Discussion
Re: Hoddle or day trading
by
lumeire
on 23/01/2022, 19:19:27 UTC
If I was at your place I would have sold them off long time ago since every time the trend would change and the old coin projects would become dead.... So it's better to go with the trend coins and you should sell them off right away and book the profits from those coins
So basically you should sell the coins that you were holding from a long time and cut the losses instead of trusting on the dev team members and hoping that they would create something good in that time which would lead you to make decent profit. If it would have happened to me then I would have kept the coins with me as even if I sell those coins then also I won't use that money somewhere, most probably I'll spend it on booze and girls to be honest, then why not just keep it there and hope something good happens.
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Topic
Board Altcoin Discussion
Re: Altcoin investment
by
lumeire
on 23/01/2022, 18:38:54 UTC
the purpose of investing is to seek profit. Don't choose the wrong coin to invest. I suggest that if you want to invest in the long term, it is better to choose a coin with potential such as coin ethereum.
That's why it's important to do some research before deciding to buy a coin,
indeed with top coins it is much more feasible and it can make a profit,
for sure it all depends on each strategy
Amount of time taken for getting the same profit in an already established coin is very high as compared to an unestablished coin where anyone can earn decent profit with rather small investment like the people who invested in SHIBA right from start are now multimillionaires. So just pay due diligence and keep on investing in the right coins, there will be a day when everyone of us have made life changing returns on our investments.
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Topic
Board Altcoin Discussion
Re: What are you buying during this dip?
by
lumeire
on 22/01/2022, 19:29:55 UTC
Preferably I would buy those coins that were already pumped and I was feeling left out of the cycle. Not every coin is dumped in the same proportion, Some are dumped more than the others and I would like to capitalise on this and buy coins like SHIBA to add to my portfolio that I have been looking to do from a very long time but wasn't able to find a good entry price, this dump might have just completely changed my situation.