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Showing 20 of 1,537 results by syamster
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Board Trading Discussion
Re: 5 mistakes every crypto trader should avoid
by
syamster
on 13/11/2019, 13:47:34 UTC

That’s pretty simple: Patience. Don’t be afraid that you’re going to miss out on the next big thing. The crypto market is constantly growing and changing and there’s more than enough investment and trade to go around for everyone. Don’t invest in altcoins that you aren’t sure about, don’t give into FOMO, and don’t trade above your means.


I will have to agree with this.
But there have been good things also that could happen with impatience.
Sometimes you just hit the right button to sell or buy without even having any clue to what might happen next.
That is how crypto currencies work right?
It is too volatile that you cannot predict the next thing that would happen.


well trading is not the game of luck and chance that you will click the button to buy or sell without having any idea, may be sometimes you get profit but constantly doing this in trading will make you totally loss, look trading is very complicated thing on which you have to think thousand times before taking any decision, your one wrong decision can destroy your whole economy.
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Board Trading Discussion
Re: Is it possible to double capital in 2 months?
by
syamster
on 13/11/2019, 12:53:07 UTC

Coming into crypto trading with this kind of nervousness and pressure will only lead to huge loss, because ypu will be likely to make huge losses s you wont be settled to make proper and right decisions.  Crypto trading needs you to trade with absolute peace pf mind make proper decisions at the right time, know when to enter a trade and when to exit. All this you cant do if you are in a haste to double your capital. I will advice to trade without pressures thats when you can maximise profit effectively


not only trading but no work can be done while having pressure and fear, and talking about the trading i think trading with extreme nervousness will lead him to loss, even the money which he has now will be no more after trading in such situation. but if he trade with calm and cool mind, and work with complete dedication then trust me he could double his capital in trading.
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Board Speculation
Re: Time to buy Bitcoin?
by
syamster
on 13/11/2019, 07:02:47 UTC

I don't think anyone knows exactly when is the best time to buy bitcoin. some people would say buy when prices go down and sell when prices go up. in my opinion this is easy to say but it is quite difficult to do because the price of bitcoin is very volatile. so that I am principled when I have more money I will buy bitcoin and then hold it. I will hold it until the price of bitcoin can pump higher than my purchase price. I will be patient waiting for that. investing in crypto does require patience.


yes it is really difficult to decide whether it is good time to buy or sell, because sometimes the after buying at low the price comes down more and sometimes after selling at high the price increases much more then people regret that it was a wrong decision, i think to avoid these regretting we should set our own targets, like when there is bull run then we should buy more and more, and when we reach to the targeted profit then we should sell it without any delay.
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Board Speculation
Re: Will the price of Bitcoin rise by the end of this year on current time?
by
syamster
on 13/11/2019, 06:01:03 UTC
I don't think there is a website that can predict the price of bitcoin correctly. we have to do our own research and analysis and make our own speculations.
I speculate that the price of bitcoin by the end of this year will rise to $ 10,000. and will continue to pump after bitcoin halves in May 2020. because bitcoin a few months ago continued to experience a dump maybe now is the time for bitcoin to pump. but this is just a market prediction later that will determine bitcoin up or down. and speculation can be true or false. the important thing is we have tried well.


well the price of bitcoin is very unpredictable that no one could say anything about it, now we do not know at what amount  the price of bitcoin will reach exactly, we could say that the price of bitcoin will increase by the end of this year but can't predict the exact value, may be the price reach to $10k or above like $12k, so we should not trust on any website, by the way our own research help a lot to show which direction will the price adopt.
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Board Economics
Re: Why Bitcoin is not that good as currency?
by
syamster
on 11/11/2019, 22:54:31 UTC

Someday this will be possible, but all will take time and a long process. I think your goal is why people use fiat money more than bitcoin, fiat money is more tangible and not worth much in front of cryptocurrency, advanced technology countries will be able to make bitcoin like gold where the rich will hold it

Apart from the reasons you have discussed, people all over the world are not all well educated. They don’t even understand how to use smart phone so for them this is of course not easy to deal in bitcoin. Moreover there are elderly people who would also have issues with advanced technologies but as far as the youth is concerned or those who are using smart phones and internet will definitely enjoy it.


yes it is a great barrier in the path of bitcoin that illiterate people would not understand the language of cryptocurrencies and also they will not easily feel comfortable with bitcoin, but these barrier could be finish if we start awareness about the crypto because still there are a lot of people that without any education they know much about technology, so the illiterate people can also be informed about the crypto.
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Board Economics
Re: Would you use FB's Libra?
by
syamster
on 11/11/2019, 22:30:27 UTC


With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?
Each project seems to be the best before it is created, but this generally results in a later transformation into shitcoin. Libra has not been created yet and before long the few companies it has contracted broke the deal. Obviously, Libra is far from being shitcoin, but why should I use it without knowing what it is. When the time comes, we can think about it.


yeah you are right when the Libra coin come to the market then after that people should think whether they will use it or not because nobody could decide from now that the coin will be good or not, and i think it is totally a foolish decision to adopt it even without knowing anything about it, so we should decide on the spot.
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Board Trading Discussion
Re: How to learn bitcoin trading?
by
syamster
on 08/11/2019, 22:04:44 UTC

You will finds lots of articles and videos on the internet where they will be teaching you how to trade efficiently. There is also a blog/channel where a user trades daily and gives weekly update about his trading and how he achieved this far. You can watch that and learn something from it. Remember, crypto trading is a very risky way of making money. Just watching and reading articles won't make you an expert. You will have to try it own your own. You will be making a lot of mistakes first but you will eventually learn from your mistakes and become a better trader.


yeah taking risk and practicing always worth best, but the first and the most important is always learning and gaining knowledge before starting something and after that applying it practically is very influential and same is the case of trading, learning from youtube video always proves helpful but they must be genuine, after that i would recommend to take start from small step in trading.
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Board Speculation
Re: Bitcoin in 2020?
by
syamster
on 08/11/2019, 21:00:08 UTC

If there will be good happenings on the price of bitcoin starting the first month of 2020, expect a bull market that will run through the entire year of 2020.

15 May 2020 there will be halving, maybe before and after that, the price of bitcoin will increase. in addition, some crypto influencers predict the price of bitcoin in 2020 will be above $20k.
in addition it is also possible that some new regulations related to the crypto world that will emerge in 2020 can bring changes to prices.


everyone is in the hope that halving will bring positive changes in the price of bitcoin and it is very much true because halving has always brought very good impact and in this time the price of bitcoin will be very high even above $20k, but the thing is that we should have to be consistence and trust bitcoin in any situation.
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Board Speculation
Re: I'm officially sick of the bitcoin price right now...
by
syamster
on 08/11/2019, 20:30:18 UTC
You have to fully understand the market so you'll get used to it.

This is not a typical of investment where its stable and we can predict it easily, this is very unpredictable and always believe that this market is manipulated that is why sometimes it goes sideways  and sometimes we witnessed a significant drop or increase, that's how volatile it is and instead of complaining, why not try to study the market very well so we can learn and make a good decision next time.


True,  everyday in fact every moment is a learning curve for us wherein we being in this domain for long time knows that the market does not go as per predictions and everyone has a different opinion about the market situation and make their own move based on their strategy.  We cannot be frustrated with the market situation rather studying the market will help us in further moves as you have rightly mentioned. 


yes everybody has own predictions about the market but these predictions sometimes works usually when they are according to the exact information and data, most of the people are the good predictors who can predict the price of bitcoin that is because of their research and study which makes them perfect, so i think there is always a room for learning something new about the market and 'study' is its best solution.
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Board Speculation
Re: Time to buy Bitcoin?
by
syamster
on 08/11/2019, 20:00:11 UTC

The right time for bitcoin buying were just missed, because we had a price as low as $7500 which is low compared to the present market price of $9500. This is going to increase over the years, before that anytime soon there is also some decline in the value. Who were with plans for buying can spend on buying by the time of small crash.

It's a great time to buy crypto in my opinion because it's extra cheap and getting in now means you will be able to sell at top valuation and it can be huge. but you need to remember that this will be a long-term investment. for short time I just spot a bullish opportunity now that can be traded and i see a window for buying with targets at $10,000 and $10,300. after which we shall see whether bearish is over or remains.

when viewed from now I think it is still good to buy bitcoin, and IMO a good time to buy bitcoin is to buy every the dip, because I'm sure after entering 2020 it will be a bullish time, at least it will go above $10k and it's good to continue to $15.

yeah today the price came a little down and recovered again so it means still it is an opportunity to buy bitcoin now as far as i concerned i think it will be a very good decision, and waiting for dump is completely baseless because the price is now on the stage of stability, a big dump will never occur, instead the price will increase and in next year the price will be too high to buy it.
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Board Economics
Re: Crypto Scams are a global issue
by
syamster
on 07/11/2019, 21:35:35 UTC

Today's scams are getting worse as more and more new investors try to invest in crypto. So someone should be able to stop it here but who?

We know that we have no ability to locate these scammers because the crypto currency is anonymous. So I think there is no hope for it to stop and all we can do now is be careful so that we do not fall victim to these scams.

In most of the cases, it is the new users who fall victim to these scams. Ideally people should thoroughly study a project before investing in it. But many of the noobs are either too lazy to do that, or trustworthy of the strangers. In both cases they learn the lesson only after losing their hard earned savings. There is a limit to what we can do, by creating awareness. The investors need to get educated about cryptocurrency first.


yeah that's make a sense that the scammers always scam the new people and careless one, i think after studying a project keenly we should easily comment about a particular project that whether it scam or not, but the new investor do not understand most of the things and they just ignore them and thus become the victim of scams, so the basic thing is to get completely aware about the project and try to get knowledge from the past legit projects.
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Board Economics
Re: Your Source of Investment Money?
by
syamster
on 07/11/2019, 20:43:56 UTC
Definitely the major source of money comes from my daily job and it is not a lot of money but I really glad that early understood that investments it is absolutely important. When I was talking with my friends or colleagues I realize that a small amount of them invest money in assets. Especially they don't think about financial independence and often buy unnecessary things.

Obviously it is a waste when we only spend money on something or goods that are not needed, but when we can think for the long term or for the future then indeed, investment is the main thing to spend your money. So in this case I don't think money from anywhere will be a problem as long as you get the money in a good way to invest, because the thing to worry about is when someone invests from dirty money.

  Most of the times people lose hard earned money on desires than needs and later on suffer from financial crisis. We are supposed to always make a list before shopping and strict to it. This is the only way we can cut our extra expenses and save money for investing into right market or platform. As per latest options available for investment, bitcoin is the best source of securing your future and savings.


in my point of view it is a good way to save money because a lot of people when go for shopping they just waste their money on unimportant things and at the end of the month they have no money to fulfill their needs, so first priority should be given to the most important needs and the rest of the money should be save for the good future like investment, and you are right that in these days bitcoin is most important for investment and for good future.
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Board Economics
Re: BEEN IN THIS GAME FOR 6 YEARS
by
syamster
on 07/11/2019, 20:21:15 UTC

It is my lesson learned that in convincing people about Bitcoin you should not focus in the future. They will not be convinced about it. They are thinking about risk and what will happen to their money. Instead of your predictions which are not a guarantee nor even accurate, focus in the past. Let them see how Bitcoin is transforming into a billion dollar technology from a simple attempt to contribute to a little to change the world. Let them see how the $9,500 Bitcoin started from $0.00000.

I am not really convinced that is the best way to try to get people to adopt bitcoin, I understand that everyone understand the language of self-interest and showing how an asset went from zero to thousands of dollars is really impressive but in that case they will adopt bitcoin only for the material gains they could get, and while professional investors will have no problem managing their emotions when the price goes down the average person will not be able to cope with their emotions and will most likely sell for a loss and then they will blame you for it.


so for involving the average people in bitcoin we should not force them to invest money in bitcoin while they does not know anything about it, the first thing must be their interest we should develop their interest in bitcoin by introducing them in this forum, staying in this forum they will gradually learn about bitcoin and i am sure that they will want to invest in bitcoin after knowing everything about it. so in this way if something bad happened they will not blame you and also they will learn how to deal with their emotions.
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Board Altcoin Discussion
Re: How NOT To Get Scammed
by
syamster
on 06/11/2019, 21:57:54 UTC
it is not easy today to get good project to invest, if the project not scam it is low quality and dead after few months

but I still believe there will be projects that can last a long time, market trends may be bad but I am sure there are some developers who are responsible for the project. Most importantly as an investor you must choose the right project for investment


yeah a lot of projects have the capacity to last for long term but the main thing is their identification which is very important for not getting scammed, and it is not necessary that the projects would be judged on the basis of the market conditions, the legit project is always legit whatever the market trend is, but scam project will always scam you even in the bull market.
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Board Altcoin Discussion
Re: Why are you involved with Crypto?
by
syamster
on 06/11/2019, 21:26:24 UTC
Now in the 4.0 era, cryptocurrencies offer an easier and faster way to trade. After learning about cryptocurrencies, I tried to make some free money and get a good profit. When I researched on Blockchan, I thought it was unique and had a good future. I believe that the future of Blockchan and cryptocurrency will become popular with everyone.


most of the people that are involve in crypto is because of making free money like taking part in campaigns is a good source, and i think it is a good platform for making profit as investment in crypto is very helpful in this regard especially investment in bitcoin which has great potential to provide profit. Trading with crypto is really awesome because of its fast speed and as a trader i admire this quality of crypto.
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Board Altcoin Discussion
Re: If You Died Tomorrow, What Would Happen To Your Crypto?
by
syamster
on 06/11/2019, 20:29:19 UTC
This topic is already asked already... just search it in this forum.

And of course the answer is the coins will be lost forever since the owner of said bitcoin or altcoin is dead and only he/she can only access it this is why you should secure your bitcoins just in case that your fate is already sealed what i mean sealed is you are dying from illness

That is true. If the information of bitcoin and altcoins is not shared with anyone by the owner before his death, that asset will be lost. It is similar to what happens in real world with physical assets. If I have a huge amount of gold which no one knows about and I have buried it at a place which only I know, after my death that will be lost because one even knew it was there at the first place.


yes both are similar cases, not telling about your assets will be useless if you die, but i think that the crypto users are wise enough to deal with this problem, they must write the passwords of their wallets in their personal diaries and also it is very rare cases that only one member of the family know about the crypto, usually in a family atleast two or three persons must know about it, so i think it is not a big problem for majority.
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Board Altcoin Discussion
Re: investing does not have to wait long
by
syamster
on 06/11/2019, 20:00:24 UTC
I think so. We should invest now, not wait long. Do you know where to invest more well?  Smiley

Don't be in a hurry for a newbie like you. you should learn more about what you want to do now. If you don't have great confidence you can become stressed with what you get later.


yes for a newbie it is not good to do any investment in hurry because they do not have enough knowledge and experience about the investment and the other problem is that they can easily be get trap by the projects, so before investing money somewhere the main thing to be more confident about the project by studying it, it will show good results.
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Board Altcoin Discussion
Re: Important question to Investors!!
by
syamster
on 06/11/2019, 19:34:23 UTC
As an investor, you really do need adequate research than mere speculation from people, as an investor, if you keep listing to people and keep expecting predictions or calls from people you may end up failing inside pit yourself but a carefully personal research will really Sid you the stress of heartbreak as you are checking it yourself and bring more careful with your investments. In crypto do not go by I heard, go by I saw and with this step, you will not lack anything.


that's right while investing money one must do research for a specific project by his own because self-research is very important for finding a good project, it will provide the experience, but it is not bad to get other people's opinion as it provide a lot of ideas and suggestion to the investor who is beginner, so i think following both will give a good way to find a good project.
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Board Trading Discussion
Re: Is the day trading profitable ?
by
syamster
on 05/11/2019, 23:57:14 UTC
In my opinion, that strategy and technique are the most important because if they understand that, they can be patient and control their emotions, because they know which direction the coin will go. because honestly, if you don't have strategies and techniques, you will play trading like gambling relying solely on instincts and luck.
I think a lot of people already did that thing. Because we can see sometime people start trading activity when they see people who already success from it. And then without enough skill or maybe knowledge they start trading. I have seen a lot of people in my community do that thing. And in the end, they blame the coin that they bought and say it is scam coin.


 yeah it is very much true that in our society people follow the successful people very blindly but they do not know that behind the success there is a lot of hard work, such is the case of trading that people follow the successful traders and do whatever the successful traders do, but they do not have their own strategies which is completely loss, because they cannot handle each and every condition of the market.
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Board Trading Discussion
Re: Where to invest my $1300 USD?
by
syamster
on 05/11/2019, 23:04:50 UTC
Hi guys, where do you think should i put my remaining $1300USD? Any suggestion please? and why?
Must better to invest it or buy some coins, Like bitcoin are most popular coins right now in crypto.
And that I heard it will have a huge increasing price movement in this year or a year of 2020 and called is bull run.
And maybe your $1300 it could be double if that happen.Or just try in any altcoins that have some potential but choose wisely there are lots of altcoins become a shitcoins.


yes you are right bitcoin is the best option ever because price of bitcoin is going to increase and people always buy it to get the opportunity of big profit due to which its demand is increasing very much which will be the cause of high price of bitcoin, and also bitcoin investment is very profitable, so no need to buy any other altcoin just buy bitcoin and keep it for long term.