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i don't give a hoot. you guys are just circle jerking each other for a number in a database
A number in a database which you tried to buy with real world money just few moments ago :I
because i need 1 point as there is a restriction on the website to display images. without display restriction the merit system is the perfect definition of circle jerking.
Numbers 1, 3, and 8 are mistakes that traders often make. We've seen that there are still many people who buy all-in even though they don't know that prices can change at any time.
Not panicking is something we should stay away from but it's happening right now where the price of bitcoin is plunging deeply and making a lot of people panic. While the following mistake is not taking profit when the price goes up high is a mistake that is often made because they still expect the price to rise even higher.
If they realized that the price could drop back after going high, they would close the trade and take profits while they still could.
Not panicking is something we should stay away from but it's happening right now where the price of bitcoin is plunging deeply and making a lot of people panic. While the following mistake is not taking profit when the price goes up high is a mistake that is often made because they still expect the price to rise even higher.
If they realized that the price could drop back after going high, they would close the trade and take profits while they still could.
i hope tutorial is useful for newbies. i hope they will read many times and bookmark this thread.
Numbers 1, 3, and 8 are mistakes that traders often make. We've seen that there are still many people who buy all-in even though they don't know that prices can change at any time.
Not panicking is something we should stay away from but it's happening right now where the price of bitcoin is plunging deeply and making a lot of people panic. While the following mistake is not taking profit when the price goes up high is a mistake that is often made because they still expect the price to rise even higher.
If they realized that the price could drop back after going high, they would close the trade and take profits while they still could.
Not panicking is something we should stay away from but it's happening right now where the price of bitcoin is plunging deeply and making a lot of people panic. While the following mistake is not taking profit when the price goes up high is a mistake that is often made because they still expect the price to rise even higher.
If they realized that the price could drop back after going high, they would close the trade and take profits while they still could.
i hope tutorial is useful for newbies. i hope they will read many times and bookmark this thread.
Re: [Merit] Help newbies and those who have a little left to the next rank
Rank: newbie
Amount of merit: 0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3465982;sa=summary
i would like to get to the next level to post images for tutorials.
Amount of merit: 0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3465982;sa=summary
i would like to get to the next level to post images for tutorials.
IMHO. It's okay to fall in love with your investments. It's your money after all and all you do care about is to look at them growing. That's what I didn't do before the bull run but it's because of some situations that I have to deal with and I have to let go of some of them. Especially if you've been holding bitcoin, who's not going to fall in love with it if you've been holding it for a long time and even if there are currently huge market dips. That won't move you.
most beginners fall in love with their investments. sometimes this is good. but most of the time it is not good as they can buy high and sell low.
The reason is that they aren't prepared with what they've bought as their investment. The thing to be done is to make sure that they have bought it whether high or low price that they know about what they're doing. They've done their own research and they are anticipating the best and worst from it.
yes. you are right. they fall in love in with the investment. they read about it. they buy it. likely it is overpriced in. they buy high. then they will sell it low at the the first bad news.
IMHO. It's okay to fall in love with your investments. It's your money after all and all you do care about is to look at them growing. That's what I didn't do before the bull run but it's because of some situations that I have to deal with and I have to let go of some of them. Especially if you've been holding bitcoin, who's not going to fall in love with it if you've been holding it for a long time and even if there are currently huge market dips. That won't move you.
most beginners fall in love with their investments. sometimes this is good. but most of the time it is not good as they can buy high and sell low.
The reason is that they aren't prepared with what they've bought as their investment. The thing to be done is to make sure that they have bought it whether high or low price that they know about what they're doing. They've done their own research and they are anticipating the best and worst from it.
yes. you are right. they fall in love in with the investment. they read about it. they buy it. likely it is overpriced in. they buy high. then they will sell it low at the the first bad news.
3. Don't panic when it's rocking As you probably already know, the cryptocurrency market is extremely volatile. On the other hand, being faced with this volatility when investing money can push the less experienced investors to panic (and even the most experienced, to tell the truth). As a beginner, wanting to take "corrective actions" to limit the breakage is I think a mistake: you risk making things worse. It is therefore better to let the storm pass: the global and abrupt corrections caused by the Bitcoin king who cough are frequent. Over time, you will live with it.
Seriously? A trader is supposed to have good Risk management and should not forget to use stop loss as to what is happening to the crypto market today. Please exit the market and take a small loss than sit in one corner while your wallet burns, learn to use a stop loss where necessary for all your trades, it is better to take a 4% loss than see your position with a -50% margin call.
All your advice is what a trader needs, but just know at the front of your head that the crypto market can be flawed and the opposite might happen to any pairs you choose to trade, I just hope we don't trade the good projects at the wrong time. (#Luna)
thanks for the insights. yes mark the profit when possible.
~
You can fall in love with it, but never ever be emotionally attached to it. You can sort of "take care" of it and see if your invested time and money to whatever coin it is gave you a return. Bitcoin is like a long-distant friend to me that even if I did not interact with a lot of years, we're still good pals as long as I do not let it get held by 3rd party online wallets out there for obvious reasons.
large market capitulation projects can't grow endless. eventually bitcoin will stagnate like gold.
I just joined the discord group. Maybe you should create some animations or video tutorials of how to use the web wallet.
this is really good idea. we will ask some community members to do some explanatory videos. the videos will explain how the web wallet works and how privacy is guaranteed against chain analysis.
3. Don't panic when it's rocking As you probably already know, the cryptocurrency market is extremely volatile. On the other hand, being faced with this volatility when investing money can push the less experienced investors to panic (and even the most experienced, to tell the truth). As a beginner, wanting to take "corrective actions" to limit the breakage is I think a mistake: you risk making things worse. It is therefore better to let the storm pass: the global and abrupt corrections caused by the Bitcoin king who cough are frequent. Over time, you will live with it.
Seriously? A trader is supposed to have good Risk management and should not forget to use stop loss as to what is happening to the crypto market today. Please exit the market and take a small loss than sit in one corner while your wallet burns, learn to use a stop loss where necessary for all your trades, it is better to take a 4% loss than see your position with a -50% margin call.
All your advice is what a trader needs, but just know at the front of your head that the crypto market can be flawed and the opposite might happen to any pairs you choose to trade, I just hope we don't trade the good projects at the wrong time. (#Luna)
thanks for the insights. yes mark the profit when possible.
~
You can fall in love with it, but never ever be emotionally attached to it. You can sort of "take care" of it and see if your invested time and money to whatever coin it is gave you a return. Bitcoin is like a long-distant friend to me that even if I did not interact with a lot of years, we're still good pals as long as I do not let it get held by 3rd party online wallets out there for obvious reasons.
large market capitulation projects can't grow endless. eventually bitcoin will stagnate like gold.
2. Don't fall in love with your investment The cryptocurrency market has a unique feature: some investors swear by a currency, thus developing a potentially dangerous emotional attachment. Have you ever seen an investor in the stock markets wearing an "I love TSLA" T-shirt (for Tesla) or an FX trader drinking from a "EUR rules" cup? No. Yet, many investors in cryptocurrencies, when they buy one of them, seem like entering into religion. This is not healthy. Of course, you may have a preference for one or the other. But this should not make you lose sight of the fact that you have invested money in order to make a profit. Don't let your feelings alter your perception of reality.
IMHO. It's okay to fall in love with your investments. It's your money after all and all you do care about is to look at them growing. That's what I didn't do before the bull run but it's because of some situations that I have to deal with and I have to let go of some of them. Especially if you've been holding bitcoin, who's not going to fall in love with it if you've been holding it for a long time and even if there are currently huge market dips. That won't move you.most beginners fall in love with their investments. sometimes this is good. but most of the time it is not good as they can buy high and sell low.
Permission to add please... Another mistake crypto traders make is inability of making substantial research (i.e DYOR) before going into a trade, which usually lead to lost of funds when the market doesn't go as planned. Because most traders are now used to buying or selling a coin due to Elon Musk's tweet which at times does not work
yes yes. if people like my thread i can add another 5 common mistakes
Re: [Merit] Help newbies and those who have a little left to the next rank
Rank: newbie
Amount of merit: 0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3465982;sa=summary
i would like to get to the next level to post images for tutorials.
Amount of merit: 0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3465982;sa=summary
i would like to get to the next level to post images for tutorials.
1. Putting all your eggs in one basket: error You have discovered the white paper of a cryptocurrency whose idea fascinates you, so much so that you plan to invest all your initial bet in it? This is not the best idea in the world. Even if your choice is very promising, nothing says that the market will agree with you. And since it is he who sets the prices... It is not uncommon for a cryptocurrency with huge potential to live for months (see the price history of Ripple, Stellar, etc.). This may frustrate you. All professional investors will tell you: never put all your eggs in one basket. Whether in the classic markets or in crypto-currencies.
2. Don't fall in love with your investment The cryptocurrency market has a unique feature: some investors swear by a currency, thus developing a potentially dangerous emotional attachment. Have you ever seen an investor in the stock markets wearing an "I love TSLA" T-shirt (for Tesla) or an FX trader drinking from a "EUR rules" cup? No. Yet, many investors in cryptocurrencies, when they buy one of them, seem like entering into religion. This is not healthy. Of course, you may have a preference for one or the other. But this should not make you lose sight of the fact that you have invested money in order to make a profit. Don't let your feelings alter your perception of reality.
3. Don't panic when it's rocking As you probably already know, the cryptocurrency market is extremely volatile. On the other hand, being faced with this volatility when investing money can push the less experienced investors to panic (and even the most experienced, to tell the truth). As a beginner, wanting to take "corrective actions" to limit the breakage is I think a mistake: you risk making things worse. It is therefore better to let the storm pass: the global and abrupt corrections caused by the Bitcoin king who cough are frequent. Over time, you will live with it.
4. Always keep a little mutiny in reserve The "FOMO" (fear of missing out) pushes many investors to always be completely invested in crypto-currencies, without ever having dollars or euros in reserve. You see the market going up and your dollars aren't taking advantage of it... Until the moment when we witness a severe correction! This is the perfect time to make a purchase by taking advantage of the sales.
5. Buy when it's flat calm Also due to the famous FOMO, players in the cryptocurrency market tend to jump on any currency that starts to move upwards, for fear of not taking advantage of a possible jump. It may be that the Machin currency, which has just exploded by 20% or more, doubles in the next 24 hours... or corrects to return to its original point, or even lower. In order not to be a victim of the famous "pump & dump", it is better to adopt the opposite strategy. Namely switch to buying when you see a currency stabilize after a significant decline. The graph below is very useful in this sense:
6. Do not focus on the unit price Many beginners focus only on the unit price of a cryptocurrency without worrying about the number of coins in circulation. To avoid tedious calculations, focus on market value. It will allow you to better understand the upside potential of a cryptocurrency. 7. Wanting to play day trader immediately: mistake
7. Wanting to play day trader immediately: mistake Day trading, which involves buying a cryptocurrency to reap profits in the very short term (over an hour, or even a few minutes sometimes), can allow you to earn a lot of money, but lose just as much, especially if you commit the suicidal oddity of trading margin without any experience. Unless they have a gift, novices have every interest in wearing the costume of the "hodler", namely the one who keeps his pieces in the long term. Take the time to observe the market, get acquainted with the charts and price movements. If this is not the panacea, having a foundation of technical analysis is also interesting. You can then start small, and possibly devote yourself more to day trading afterwards.
8. Not taking profits: mistake Anything that goes up always ends up going down at one time or another. In the cryptocurrency market, everything is going very fast, whether up or down. When you have made substantial gains, consider taking profits, even if it means reinvesting them elsewhere. In this market, the spectacular rises of a fashionable asset are experiencing equally flamboyant corrections. The difficulty is, of course, to identify the highest. You will improve with the experience. I advise you to study the charts from November 2017 to January 2018 of Ripple, IOTA and Cardano, which are very informative to illustrate this point.
9. Not having set a policy: Error As an extension of the previous point, before buying a cryptocurrency you must define a plan, whether for a short or long-term purchase. What is your pricing goal, your exit strategy? It can be adapted according to events, of course.
10. Don't give in to overconfidence by virtue of your results
2. Don't fall in love with your investment The cryptocurrency market has a unique feature: some investors swear by a currency, thus developing a potentially dangerous emotional attachment. Have you ever seen an investor in the stock markets wearing an "I love TSLA" T-shirt (for Tesla) or an FX trader drinking from a "EUR rules" cup? No. Yet, many investors in cryptocurrencies, when they buy one of them, seem like entering into religion. This is not healthy. Of course, you may have a preference for one or the other. But this should not make you lose sight of the fact that you have invested money in order to make a profit. Don't let your feelings alter your perception of reality.
3. Don't panic when it's rocking As you probably already know, the cryptocurrency market is extremely volatile. On the other hand, being faced with this volatility when investing money can push the less experienced investors to panic (and even the most experienced, to tell the truth). As a beginner, wanting to take "corrective actions" to limit the breakage is I think a mistake: you risk making things worse. It is therefore better to let the storm pass: the global and abrupt corrections caused by the Bitcoin king who cough are frequent. Over time, you will live with it.
4. Always keep a little mutiny in reserve The "FOMO" (fear of missing out) pushes many investors to always be completely invested in crypto-currencies, without ever having dollars or euros in reserve. You see the market going up and your dollars aren't taking advantage of it... Until the moment when we witness a severe correction! This is the perfect time to make a purchase by taking advantage of the sales.
5. Buy when it's flat calm Also due to the famous FOMO, players in the cryptocurrency market tend to jump on any currency that starts to move upwards, for fear of not taking advantage of a possible jump. It may be that the Machin currency, which has just exploded by 20% or more, doubles in the next 24 hours... or corrects to return to its original point, or even lower. In order not to be a victim of the famous "pump & dump", it is better to adopt the opposite strategy. Namely switch to buying when you see a currency stabilize after a significant decline. The graph below is very useful in this sense:
6. Do not focus on the unit price Many beginners focus only on the unit price of a cryptocurrency without worrying about the number of coins in circulation. To avoid tedious calculations, focus on market value. It will allow you to better understand the upside potential of a cryptocurrency. 7. Wanting to play day trader immediately: mistake
7. Wanting to play day trader immediately: mistake Day trading, which involves buying a cryptocurrency to reap profits in the very short term (over an hour, or even a few minutes sometimes), can allow you to earn a lot of money, but lose just as much, especially if you commit the suicidal oddity of trading margin without any experience. Unless they have a gift, novices have every interest in wearing the costume of the "hodler", namely the one who keeps his pieces in the long term. Take the time to observe the market, get acquainted with the charts and price movements. If this is not the panacea, having a foundation of technical analysis is also interesting. You can then start small, and possibly devote yourself more to day trading afterwards.
8. Not taking profits: mistake Anything that goes up always ends up going down at one time or another. In the cryptocurrency market, everything is going very fast, whether up or down. When you have made substantial gains, consider taking profits, even if it means reinvesting them elsewhere. In this market, the spectacular rises of a fashionable asset are experiencing equally flamboyant corrections. The difficulty is, of course, to identify the highest. You will improve with the experience. I advise you to study the charts from November 2017 to January 2018 of Ripple, IOTA and Cardano, which are very informative to illustrate this point.
9. Not having set a policy: Error As an extension of the previous point, before buying a cryptocurrency you must define a plan, whether for a short or long-term purchase. What is your pricing goal, your exit strategy? It can be adapted according to events, of course.
10. Don't give in to overconfidence by virtue of your results
i buy 1 merit point. offers ?
Merit is not allowed to be sold. Additionally, it isn't worth anything so you shouldn't be willing to buy it. There are plenty of opportunities to earn merit for free by doing small things. Use the search function or ask around in the beginner section. Offering to buy it isn't the way. Good luck!
it is literally impossible to get 1 merit point on this website.
Re: [Merit] Help newbies and those who have a little left to the next rank
Rank: newbie
Amount of merit: 0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3465982;sa=summary
i would like to get to the next level to post images for tutorials.
Amount of merit: 0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3465982;sa=summary
i would like to get to the next level to post images for tutorials.
Re: [Merit] Help newbies and those who have a little left to the next rank
Rank: newbie
Amount of merit: 0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3465982;sa=summary
i would like to get to the next level to post images for tutorials.
Amount of merit: 0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3465982;sa=summary
i would like to get to the next level to post images for tutorials.
should i do a tutorial how to create an ico token next time ?
I do not know how it will be useful for newbies or general users. Because everybody doesn't need to create an erc20 token. It is not something that you eat or need for any purpose if you are not starting a project. But every project hires a developer to create their token and smart contract because it's not that expensive for a project that is aiming for millions of dollars in market cap. Also, it can also be found on google so few will be interested.
my intention is to use my knowledge to help other newbies on the forum
Re: [Merit] Help newbies and those who have a little left to the next rank
Rank: newbie
Amount of merit: 0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3465982;sa=summary
i would like to post get to the next level to post images for tutorials.
Amount of merit: 0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3465982;sa=summary
i would like to post get to the next level to post images for tutorials.