I think banks are also essential in today's time. There are a lot of people who actually takes advantage of other's wealth and so we need something that can secure it. Banks is one of the best options especially those banks who are already well established. And aside from that, banks also has other purpose that consumers can take advantage of. We can get loans from it to get a new car or house. Or even stuff that we can not yet afford through credit cards. However there are charges and interests that will accumulate from this. Also, banks nowadays are really getting in to the digital world. It is now very convenient to send money or pay bills using these mobile banking.

Living without it is possible. This is the case before way back in time. But it is very helpful in today's time and really helped in the progress of the economy so there is no reason why it should be removed. I know a lot of people are also against in using banks but there are people who relay on these as well.

I really do agree to this. A lot of people are just following the trades of others and as a result they actually fail to understand what is the strategy of the trading making them having loss in that trade. For beginners, it is okay to follow some trades but it is important to learn the strategy. What parameters and studies did that trade use and what exit strategy you should come up with to maximize and secure the profits.

Trading is a continues learning. There are a lot of factors affecting the demand of a crypto and so we need to continuously understand how this factors would affect the price. Create and personalized your own strategy as well depending on your activeness in trading and risk appetite as well.

The market is consolidating right now. We can not really determine if it is over or it is just starting. The main indicator for me before I trade again during this consolidations of the different alts is when it breaks to a certain resistance or support. That would determine if it will go back up or start to crash.

Although I am still doing small trades during the consolidation, I am extra cautious as anytime prices of alts may crash. I try to check all studies and parameters in different timelines to see what could be the possible result after this consolidation period. It really is a waiting game for a lot of traders and people will start to move if there will be a break in either the support or resistance.

Was able to take advantage of this and traded BNB in the past days as it gets high. I am not sure if I will be holding BNB for a long term trade because a lot of people are also saying that it is just part of the hype as people are now starting to come in to the Crypto market and Binance is one of the biggest exchanges that they chose. But seeing BNB, it still has the potential to grow even better and even reach the level of Eth. I'll keep on monitoring the growth of this alt and continue and trading from it.

All traders experienced loss as it is part of the game. And the ones who even accepts loss are the ones who will be gaining more profit in the future if they will be able to apply that experience in the next trades. What we can do is to minimize the risk for the loss. This is where the studies like MACD, RSI, Bol and many more will apply. We can determine what price is a good entry point and strategize an exit plan through this studies. But also remember to strategize as well in cutting losses. We need to set a certain percentage of loss that we need to accept in order to avoid a bigger percentage of loss. Just make a different trade and have a "revenge trade" other alts and trades.

This is one of the most common mistakes in trading. People tend to be greedy if they are seeing the money the invested in being doubled. They feel like it can go higher just like your friend who thought that she can make her money tripled. Being greedy is a rookie and newbie mistake. We can never tell where the drop will come and so we need to set a strategy and respect our exit plan in order to secure profits. Profit is profit. You can always look for other opportunities if you already secured to the profit. This is the beauty of trading. We have endless opportunities so never focus on one trade and be greedy about it. Some may be successful in to that greedy trade but most will not. A good trading strategy is the one that will give you more profit in the long run.

A great saying when it comes to trading. It can be applied both literally and in relation to a sudden market crash. This saying applies in my strategy on trading both Bitcoin and other alts. I am not sure when will the drop of price will stop so I wait even though the price is already low for a good buy to make my entry point more effective. Red candles in the long run will eventually consolidate and move back up and so what I do is to look for that consolidation of prices and apply different studies if the price is now bound to go up or if it will still go down. Trading effectively and efficiently can be achieved if you apply different studies to the graph.

Price is based on the demand. And with the Dogecoin being endorsed by Elon Musk, I believe it actually just forced the demand now making it a hype trade. Traders who consider Dogecoin should be extra cautious as this is bound to crash if people who joined the hype starts to pull out their money. This same goes with other alts as well like BNB which is currently hitting it's all time high in the past days. One thing to take note in mind when trading is that you can not just have a lucky trade and get big profits without proper knowledge. We must have an exit plan in order to secure the profit because any market is bound to crash due to different factors. It may be at a spiked up price now but we do not know until when this uptrend price will be.

A good exchange for me consists of the below qualities:

-User friendly interface
-Bugs fixed and websites/apps being updated for improvement
-Minimal downtime - Very important if you are an active trader and there is a sudden surge of trades coming
-Responding Support (Chat must also be available and could address your concerns as we are talking about money here)
-Technical graphs should be able to be modified in order to plot your own strategies and apply different studies/parameters
-Have minimal charges (of course who does want to have high charges especially if you trade from time to time)
-Good servers that would be stable as it is very frustrating to not be able to trade real time (I experienced on missing to sell at a high price for a good profit because the server can not handle the surge of trades happening)
-High security verifications

If you will not start today, then when?

I started engaging in Bitcoin market way back in my college days even though I heard already about even before that. And I regretted it because the sooner I started, the higher the profit I should've made in investing and trading it. So I suggest start now and start it with an advantage of having knowledge with it.

1) Ask friends who are already doing it. How do they trade and what parameters they use.
2) Do your research and find some online tutorials on how to read graphs applying different studies.
3) Make your own strategy by applying the 1 and 2.
4) Learn from your mistakes and the mistakes of others. Try not to look back and feel sorry from the missed opportunities you had as you can also have your time to have a trade with good profit.
5) Enjoy and continue the learning you get from experience, research and insights from others.

I agree. But remember when it comes to investing, risk is inevitable. And in order to maximize the potential profit you can make in any investment, you must know how to manage and minimize the risk. This is where your research and technical analysis would be helpful. Investing blindly into Bitcoin, or even to other investment materials, may lead your money invested to go down. Yes, there are people who you can listen to and take advices from but you should also build your own strategy as you are trading your own money, not theirs. Learn how to determine a good entry point and respect your exit points when it comes to investing. You should not always target to buy at the lowest price nor sell at the highest price as we do not know exactly when it is bound to happen. And when you had some loss, learn from it and move on. Don't look back to the past investments and trades too much because you will just have regret. There will always be other opportunities that you can do better and have more profit.

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Agree. In addition, one of the purpose of Bitcoin is to have a universal currency. It can be used for any transactions but it will still be the traditional currencies that business would prefer as it is less volatile. Also, as stated above, traditional currencies are being run by the government where in businesses are registered in. No country will prefer to have this as a main form of transactions.

I believe that the Bitcoin is still growing and can really affect the currency market in the future. Many people are still skeptical about it. The more it grows the more people will be more confident about it in the future to use it in different transactions.

Yes indeed! It is the same case in our country. Everything doubled in prices not just in food but in other consumer products as well. But the most impacted consumer product that increased in our country especially now is the meat. It increased more than 100% and even more (pork). I am not sure if this is plainly inflation or the demand of meat really increased during this pandemic but it surely affected many businesses as well (restaurants and other vendors) and so affected the economy of the country as a whole. I do hope that after this pandemic, prices will also go back to normal. It is hard to see people having hard time to buy basic necessities like food because if this surges of prices.

BTC and the cryptocurrency market has always been volatile ever since. There are a lot of factors that affects the supply and demand of these and for now, it was greatly affected by the statement of one of the most influential person we all know who he is. In my perspective, this may also lead for other great personalities and businessman or even politicians to try out the crypto market and so increase it's demand again. So I would say this may be a long term rise and we can expect it to go even higher after pandemic.

I do agree to this. Being able to take risk is part of the success in life financially. No one gets rich relaying to just one source of income. Which is why investments, which consists of different level of risks, is another way to have other source of income.

However, taking the risk without any proper research would also not make you ahead. You have to balance on how you take research with studies in order to minimize it and maximize the profit.

Exit Strategy is really important for you to avoid huge loss.

What I do is I really respect my entry and exit points according to the studies showing in the graphs. I suggest you also try to learn on reading the studies where in you would determine if an alt is bound to go up or down. And then if you reached an entry point position, learn how to accept and respect your cut loss point. Like for example if you had already reached your risk appetite of loosing around 2-4% then exit right away and don't look back. Just focus on your other trades and look for other opportunities. Same goes if you reached already a certain percentage of gain. Profit is profit and you wont have to maximize every upward trends as we will never be sure when will it crash. I do this in both trading alts and stocks.

Yup of course. That's why a lot of people do it. But note in mind that there is still a risk and a chance for you to be broke as well.

Remember that in every investment, risk is INVITABLE. What you can do is to manage the risk. You have to do a lot of research and consider different studies to make your trades more beneficial. And most importantly for me, is you have fun while doing your studies along with your trading. You can only be good at it if you are enjoying doing it.

The usual mistake, which I also did when I started trading, is catching up with a hyped upside trend.

I made this mistake even when I was already familiar with some studies in trading because it really is hard to control myself on joining a hyped uptrend. I do not want to miss the opportunity for it to go even higher but the risk is that every hyped uptrend is also bound to crash. I was able to catch up with some of these trades but a mostly lost because I was coming in to the hype late already.

One thing to remember in trading is that there will always be other opportunities for you to have a good entry point. There will always be a a time when the market will rise massively and eventually crash again. You do not need to always go and catch up with every uptrend as it is a big risk that you might have an entry point that is about to go down. Do research and analyze the studies of the graph to have a better trading experience.

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Good luck and I hope to participate with in this campaign.