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Showing 20 of 1,503 results by sambuddha
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Board Altcoin Discussion
Re: Ethereum remains the king of altcoins
by
sambuddha
on 08/11/2020, 21:49:13 UTC
I guess people just prefer the oldy tech over many new techs, that's pointing to Bitcoin and Ethereum, if crypto space is all about better technology bitcoin and Ethereum would have lost their positions long time ago but that's not the case, the grandmasters keeps winning people's heart more than new projects

I think this technology is also a consideration but Bitcoin and ethereum are already known by investors so they are more trusted. In my opinion, investors will not speculate on new technologies that are still in low demand, while ethereum is used by almost all projects in cryptocurrency
Yes, ETH is a time-tested cryptocurrency. Investors need reliability, and new projects are like hype. Therefore, the price of ETH will only rise in the near future. This is a very profitable investment.
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Board Altcoin Discussion
Re: DeFi hyip is over?
by
sambuddha
on 08/11/2020, 21:21:34 UTC
Yes, as in any new business architecture, it has its flaws!

The DeFi also have risks, especially if they do not have a good work team.

In my opinion the DeFi are already dead ...
In my opinion, too little time has passed to talk about death Defi. This was only the first wave of hype. In 2021, the second wave will begin - much larger than the first. I am sure about that) Cool
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Board Trading Discussion
Re: What do you really need in your trading?
by
sambuddha
on 07/11/2020, 21:17:31 UTC
Yes you can never be successful without trading skills this will lead to more damage you need to learn the different trends of trading over time and follow the strategies of the trade market need to start with a little capital trading signals help the most in trading. The risk is less here and it is easier to determine the price of a currency if you can analyze the trends of trading signals therefore one's own knowledge and experience is most applicable in trading.
You need to start trading on a demo account. This is the most important rule, I know it for sure) Smiley Shocked You need to open a real account on the exchange only after 1 year of trading on a demo account. Then trading will be enjoyable and profitable.
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Board Trading Discussion
Re: Trading in the pandemic
by
sambuddha
on 07/11/2020, 21:09:15 UTC
I don't see much of a difference for traders.
It seems to me that trading is easier now than a year ago in the same period. Now bitcoin is growing, followed by the entire cryptocurrency market.
Obviously, long positions are much easier than short positions, which means now is a great time for traders to make money.
I agree. Trading when there is a clear strong trend in the market is really easy Cool. It is much more difficult to trade in a flat. Now the market is bullish and one should be very careful when opening short positions.
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Board Trading Discussion
Re: 24 eth instead of 24 usdt....What Will You Do If.......?
by
sambuddha
on 07/11/2020, 21:03:49 UTC
That could be a blessing in my opinion. Well honestly if that happens to me I maybe keeping them until the exchange contacted me and ask to return it but since I secured the ETH I would be asking for a compensation for returning it.
I would return this cryptocurrency. Easy money doesn't bring happiness. Honesty will always be rewarded - this is the law of life. I believe that God blesses honest people.
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Board Altcoin Discussion
Re: CAN WE STILL GET THE 2017 BULL IN THIS 2020?
by
sambuddha
on 06/11/2020, 21:09:18 UTC
Bullrun in 2020?? I don't think so. But is Bull run will comes again? Yes it will but no one knows exactly when it will happen, We already meet Bullrun 2 times, if you learn about the graphics history of it, you will know the answers that Bullrun will come in 2021, but still, no one could guarantee it would happen that year but my strong belief in that year
Now is the very beginning of bull run) In 2021, bulls will rule the crypto market. I expect bitcoin to be $ 50-60 thousand. It is possible that the price will even reach 100 thousand dollars for one bitcoin!!! Cool
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Board Altcoin Discussion
Re: DeFi hyip is over?
by
sambuddha
on 06/11/2020, 21:04:23 UTC
I think you're right Mate, Defi hype was slowly faded away because most of the Defi token price is decreasing on day to day basis, and even the Yearn Finance token (YFI) price is also decreasing from its $43K all-time high during September 2020 now it was down to $10K per YFI token, but again it was still expensive it's better to wait in the following days and let us see what will happen to the proud Defi.
The total value of assets locked in YFI is currently US$334 million, down from the August all-time high of nearly US$1 billion. It is still a very popular platform and I believe in a bright future for the YFI token))) Cool
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Topic
Board Altcoin Discussion
Re: top 6 cryptocurrency , Invest in 2020
by
sambuddha
on 06/11/2020, 20:54:34 UTC
I always keep stablecoins with me, I bought bitcoin at 7k and sold at 12k, for some reason I decided that he would go for a correction))) I still hold the ether and have not regretted it, but my soul doesn’t lie with ripple and litecoin, I don’t know why
Now is a very good time to buy Litecoin. His chart looks very good, it would be a great long trade. I recommend to everyone, you will not regret it, guys)) It will be easy money))

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Board Trading Discussion
Re: I fail in trading
by
sambuddha
on 05/11/2020, 22:09:46 UTC
Most of the newbie will always look for quick money and it will not help them to make some decent profit. Trading and gambling have equal chance to lose money, but compared to trading there is a higher probability to lose money in gambling. Choosing a legit coin will take time, but surely it will help to find the best outcome when the market starts recovering.
There is a very good research article on the subject of trading and gambling addiction: "Excessive trading, a gambling disorder in its own right? A case study on a French disordered gamblers cohort" (https://www.sciencedirect.com/science/article/pii/S0306460315300721).
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Board Trading Discussion
Re: Do not trade Alts with BTC these days, You will just lose
by
sambuddha
on 05/11/2020, 22:01:52 UTC
too high-risk trading Alts with BTC at this bullish time...
I agree with your suggestion that only recommend trading BTC/USD at the moment, as the Alts price moved late. I am currently monitoring market movements and I noticed that Altcoins is not moving fast at all following the Bitcoin price movement.
Now the bitcoin dominance index is near a strong resistance line. Altcoins may start to rise soon. There is no growth without corrections) But it is important to observe risk management and always use a stop loss.


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Topic
Board Altcoin Discussion
Re: Some things will never work in crypto world
by
sambuddha
on 01/11/2020, 13:27:50 UTC
I remember a AI project that said there will be robots serving as a bartenders, c'mon how is this even possible? I knew big companies that are into robots ai but they have zero interest in blockchain for now, every AI crypto projects are bunch of liars that have nothing to do with Artificial intelligence, we need to look very well before leaping
The belief that AI can be realized is harmful. If the power of technology is overestimated and human skills are underestimated, the result will in many cases be that we replace something that works well with something that is inferior. Cool
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Topic
Board Trading Discussion
Re: Why You Should Trade Crypto With Leverage
by
sambuddha
on 01/11/2020, 13:21:33 UTC
Its good only for veteran traders because leberage or marginal trading needs to pay the interest rate. And margin trading is so much stressful specially when your positions had been liquidated. I believe that spot trading will less your stress and as well as you are confident to lose because you don't have to cover your loans at exact time.
For margin trading, I recommend Bitmex exchange. Bitmex fees and commission are quite low comparing to Bitfinex or Binance. Bitmex commissions are not related to leverage but to quantity (it is important!). And there are negative fee (a rebate) on Bitmex - it's very cool! Cool
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Board Trading Discussion
Re: Different level of risk in crypto currency trading
by
sambuddha
on 01/11/2020, 12:54:58 UTC
There is always risk involved in crypto, that's why you are seeing that kind of warnings. And there's risk aversion as well, so it's really up to us on how to manage it. So personally, I don't see that there are different though, risk is a risk. The big question is how you are going to mitigate the risk? Do you have plans?
Knowing how to deal with risk is one of the skills that you need in order for you to become a successful trader, and yes all the risk are the same but it increases the moment you decided to take more risk. Making plans and strategies can lessen that risk especially in trading cryptocurrency where volatility is very high. Don’t expect not to lose money instead prepare for it and have a back up plan always.
I agree with you Cool Successful traders understand the importance of risk management. Trading is inherently risky because it is a zero sum game. Every dollar you gain through trading represents a loss on someone else’s balance sheet. A losing trader has no trading plan. This is the most common mistake, you should not make it))
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Board Trading Discussion
Re: What do you really need in your trading?
by
sambuddha
on 31/10/2020, 21:18:57 UTC
Thanks for sharing such a great information friend. I have been trading on my own for a month and have so many losses. I wish I will get a good profit following the signals provided on that website.
Using trading signals is a road to nowhere. You need to learn trading yourself and have your own good trading system. This is a difficult path, but the only true one. Experience comes over the years, there is no need to rush. This is the only way to become an elite trader Cool
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Board Trading Discussion
Re: Does auto trading bot make good profit ?
by
sambuddha
on 31/10/2020, 21:14:15 UTC
Maybe it depends on how we use the trading bot, because the trading bot doesn't run automatically on its own. Must be set first
and must be updated regularly to be able to get profit. For me trading bots can't make a good profit, maybe because I can't do
the settings properly. So I often experience losses when using trading bots, even my capital runs out. That's why I prefer manual
trading only.
I would recommend the ZenBot trading bot. It's an open source platform that supports a wide range of exchanges including Bitfinex, Bitstamp, Poloniex and Kraken. But there is always a risk of losing your money. This must always be remembered.
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Board Trading Discussion
Re: This will help day traders and newbie traders.
by
sambuddha
on 30/10/2020, 09:22:17 UTC
Is it really a good idea to sell when you are down money in a coin?
If you’re not using stop-losses, it’s only a matter of time when a large losing position will get out of control and wipe out most of your trading profits, eventually even your entire account Cry. Always use stop-losses! Cool This is the most important rule in trading.
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Topic
Board Altcoin Discussion
Re: Which coin do you trust, BNB or ETH?
by
sambuddha
on 30/10/2020, 09:09:14 UTC
Both of them is good, but ETH is better then bnb.Eth is most trust-able coin in world. Binance is the best cryptocurrency exchange and coinmarket toper,But eth is old coin and every time we use it.When i start crypto long time ago then eth was my number one favorite coin.still in this time eth is second best coin. bnb is trusted but frist i do Trust ETH.
The most trust-able coin in the world is Bitcoin)BTC But I really like ETH too. I am really looking forward to Ethereum 2.0, because I am sure that after that the price will rise to $ 1000. ETH is a rocket before launch)))
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Topic
Board Altcoin Discussion
Re: Time to call the people into crypto
by
sambuddha
on 30/10/2020, 08:58:12 UTC
Do not call people into crypto without proper analysis been pass into them, tell them about the risks involved because it's certain that at a point in time they will lose money, believe me there are many people in this world today that don't want to take risks, there are some who can't even stand losing money, do the right thing and know where you stand
you are right, just invite without telling the risk will only get us in trouble.  there is no profit that we get (personally) when someone starts to enter crypto but we will get in big trouble if that person loses a lot when he/she is just starting out in crypto.  In 2018, many of my friends were against me when the price of Bitcoin fell from $ 20k to $ 8k, at that time they said I was a liar and caused them to lose.  from that incident, I learned to tell them (the people I would invite) the biggest risks when investing in crypto..
Yes, I agree with you. The bitcoin market is constantly rippling back and forth. With such an unpredictable market, there’s no telling if you will get a return on your investment. To avoid a massive loss, keep a vigilant eye on the market. Make small investments; they’ll be more beneficial long-term. The most important thing is to believe in success) Cool
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Board Trading Discussion
Re: I have Good advice for investors
by
sambuddha
on 29/10/2020, 12:16:46 UTC
The advice I received from a successful investor is that if you are not learning to trade well then just invest and hold.
Being an investor is also hard. You must have a steely patience. The shorter your time horizon, the more you’re speculating and the less you’re investing)) My advice is to constantly learn something new about cryptocurrencies. This is the only way to achieve success Cool
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Board Trading Discussion
Re: How to Overcome and Handle Your Mistakes in Trading?
by
sambuddha
on 29/10/2020, 12:02:58 UTC
In my opinion the easiest way is to follow your trading system and strategy strictly. Then take profit and stop loss orders will work for you, making sure to minimize your mistakes as much as possible. Reading too many analytics as well as the trading system will only increase your mistakes.
Yes, a good trading system is very important. But this is not enough for success. A key tool most successful traders use is a trading journal. I would recommend a google document spreadsheet. You can edit it anywhere, all the PCs on which that document is open gets updated as well Cool