An important one is - don't try to day trade the market? No one knows where the price will go, yes not even the technical analysts. Don't try to buy low and sell high, i have lost so much money trying to do that. Selling when i think i am at a high, then the price keeps going up and buying coins, then the price tanks. Just make your choices based on research - then HODL the coins for the time you planned to hold them, don't try and beat the market - the market will dismantle you
When I started off, I bought like 24 nvidia GPUs, and 6 RX Vega 56. So I have about 6 of GTX 1060 6 gb, 12 of GTX 1070, 2 of GTX 1080, 2 of GTX 1080 ti and when the 1070 ti came out, I bought 2 of that. Of course when I bought GPU's on June to July 2017 for the Nvidia GPU's it was relatively more cheaper than what it is now and when the RX Vega 56 came out, a lot of tweaks needed to be done. My biggest regret or mistakes is actually purchasing all of these GPUs. I would have been in a better position had I simply used what money I would have used to buy these GPUs and simply invested directly into cryptocurrency at the time (Let us say around June to September of 2017 when I purchased of of these). Sure I've gotten my money back and more and I could still sell my GPUs, but I would have profited more had I invested it on bitcoin and alt coins like BNB and Neo just to name a few.
Shoulda, woulda, coulda, I know and I try not to. I'm just sharing my experiences with GPU mining and how it is better to simply invest directly. With the mining difficulty and the insane prices of GPUs, it baffles me that some people are still buying them for 50-100% than the MSRP prices. At least for the time being, some GPU prices are coming down a little, but still way over than MSRP. I'm not a financial adviser, but BNB, NEO and FUN are my main alt coins and believe that BNB and NEO have a moderate to highest return in 2018. Good luck everyone and have a nice day.
According to Bix Weir, these "hacked" exchanges aren't. They all operate on pools, same with banks. When there's runs on any coins, there simply isn't enough cash to exchange back, so they start screaming "we got hacked!" But most didn't. They just don't really have the assets backing them. This happened to Coinbase a while back. People were selling off their BTC and Coinbase's USD pool didn't have enough so they claimed "hacked" which is a stall tactic at best. Other's just run with the money. Need regulations, that's all. But also the banks which rarely are. So, as you say, Mike, go dark ...?
I agree with not leaving your assets on exchanges but I would say that if you have a small amount of many different coins then you are paying a large portion of your assets in fees. I think most Binance withdrawal fees are around $10 USD. So if you had $100 worth of a coin, you would be giving away 10% of your holdings and if that coin did a 10x down the road, you basically paid them $100 to withdraw a very small amount of coins... Just some food for thought 🤔
Thanks that was overdue. So many times people are over whelmed there needs to be a shitload of these by you and the more reputable folks on here that noobs can use to develop good habits. It won’t seem so monumental a task coming into crypto with that guidance. Well needed vid. No longer a noob but man I learned fast.
MACE kinda a noob and I gotta say this was awesome. I have played the markets..stocks.. so I did have some fundamental habits in place.. but this here is like a Wild West arena for sure. I read not just white papers but the comments, the boards opinions and look into the bad stuff and the good. My goal was to slowly build a portfolio and that is not easy. I realized here you simply can’t go by what people say even more so because the burn means you lose. I made two noob mistakes got burned twice thank the stars it was not expensive and I never looked back. Noobs have to understand Btc at 19k that’s done ..just get into fundamentals and research projects for your self too many red flags usually means stay away. Loved your comment.
Dan Salvato (Indie developer of Doki Doki Literature club) posted a youtube video about hacking crypto wallets client side. I tried to tag you on the post on twitter and I'm interested in your thoughts on it.
The problem is, most new people enter the market during a bull run. That is when the news are broadcasting Crypto, everyone boasting about their returns. That is when i first learned about Crypto - and obviously, that is when most new people will buy in. Its just how it happens - then the correction comes, but i am glad that after the correction the market shoots up again
some people bought at ath because the trend was going up unstoppablly and looked like as it would never look back again so they FOMOED. december was a good example. i was totally new to crypto. i guess i was lucky. at the time i thought you had to buy at least an entire bitcoin which was impossible for me to afford. i probably would have bought ath too spending a couple of thousand usd if i knew i could buy as little as 1/1000 bitcoin
I did the FOMO follower when started. Thinking I was going to miss the change. Luckily it was just 50us what I invested. But still, it is the reddish coin on my portfolio. By the way, great video format! It suits you to show yourself standing up since you are tall, mate! Thanks for this short good videos.
How to become bitcoin trader? Exactly like Bitcoin, multiple digital currencies exist in the marketplace. So if you prefer to buy a few other currencies which aren`t available on Indian Exchange than you can utilize Bittrex. All you have to do is locate an exchange that you favor. Cryptocurrency exchanges have a massive potential to modify peoples minds and opinions concerning cryptocurrencies generally speaking and their application in actual life. So even in the event the exchange is attacked, its still true that you have your money. Furthermore, the exchanges prepare each and every industry for Bitcoin expansion. Existing stock exchanges will also compete to be able to fulfill the users configuration requirements. Sooner or later later on, the prices will grow more equal, meeting somewhere in the middleyour profit is equivalent to the quantity of convergence. No matter how far it is from Kijun, it is likely to return and test that level at some point. The amount of bitcoin is perpetually changing. In the US, it is 1000 USD. Whats even better, seek the services of a seasoned lawyer or at least ask for an in depth consultation. So youve read the newspaper about the meteoric growth of crypto currencies including Bitcoin or Ripple. Then coming up with 1000s of exchange rates simply to go out and get groceries is nearly impossible. Many cities around the world provide a bitcoin ATM where you are able to trade cash for bitcoin. The cryptocurrency world isn`t efficient.