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[AudraMiller]

There are many concerns that people have when it comes to the cryptocurrency market and I think that the one that is most prominent is the fact that the market is so volatile and therefore there is a lot of fluctuation that happens in the price of any coin over any given period of time. Therefore it is a very good thing that there are stablecoins that are offered on exchange platforms because this allows us to try and secure the funds that we have. In a recent news article it seems that there is likely to be a new stable coin that is introduced into the market, however unlike other coins being backed by the dollar, this will be linked and backed with gold. What do you think about this?

 

[Wisdom01]

Definitely you are right and it all depends on multiple factors you just have to be active and predicative in your activity so that the results can show in your trading activity indeed and you can have a decent profit from the market

I think as a trader when you are consistent in trading with analysis and others ,and also focused on how you trade with time you could perfect your trading ,it might not just come all of a sudden ,but step by step ,you would become a professional in the game of trading , everything is particularly belief and others

 

[Horia_10]

Right , you need to be systematic in trading and I believe that small targets for each day should be made and set by a trader and once he has achieved the profit he should just leave the trading and thus enjoy the profit he made from the market .

 

[Wisdom01]

Right , you need to be systematic in trading and I believe that small targets for each day should be made and set by a trader and once he has achieved the profit he should just leave the trading and thus enjoy the profit he made from the market .

that's good like that , the trader could set small targets and profit , without greed , I think over time the person would get sucessful with trading , trading comes with great risk ,it's our duty to be aware of the risk and know how to take caution in addiction

 

[Wisdom01]

there are really lot of stable coin now , but I am definitely taking precautions and others before I invest in them , because I know that some of these stable coins could actually turn fake , I could remember the ust stable coin how it was affected , the moment is still fresh in my mind , I hope such doesn't replicate itself

 

[Ben Kempton]

Right , you need to be systematic in trading and I believe that small targets for each day should be made and set by a trader and once he has achieved the profit he should just leave the trading and thus enjoy the profit he made from the market .

I used to have a fixed, small targets when I traded in the past. Setting a low profit margin have made trading much more easier. However, still trading is not an easy thing at all. There have been cases of price fluctuations and instead of making profits, I endured losses. It all depends on the market conditions. The best strategy is to utilise tools like Fear and Greed Index that helps you determine the sentiments of investors and help you make a decision.

 

[Horia_10]

It could be very well on the cards but having all the cards being shown now and all trades being done , Do you ever think there is any chance anyone would be willing to take a dumb risk people invest in any business because or reputation , I have always negated real life business , but I do agree that only a real life business or a significant online business with good monthly income are the options for success not Crypto , not forex , not stocks , not USD investing its all crap , stories lies and fake influencerships .

 

[Wisdom01]

I used to have a fixed, small targets when I traded in the past. Setting a low profit margin have made trading much more easier. However, still trading is not an easy thing at all. There have been cases of price fluctuations and instead of making profits, I endured losses. It all depends on the market conditions. The best strategy is to utilise tools like Fear and Greed Index that helps you determine the sentiments of investors and help you make a decision.

my only worry about the gear and greed index ,is that what if the fear index is showing at the improper time and instead of the person to sell off the person should have bought ,but apart from that the fear and greed index looks very much cool

 

[Ben Kempton]

my only worry about the gear and greed index ,is that what if the fear index is showing at the improper time and instead of the person to sell off the person should have bought ,but apart from that the fear and greed index looks very much cool

I am quite sure that many people may not have known about this index chart. However, as I research more and more, I tend to find new and innovative ways in order to predict the value of coins in a great manner. This chart explains you the attitude of investors towards the market. You can also use the Trading Metre chart that could be found on TradingView site and combine it with the Fear and greed Index to analyse the conditions of the market if you think that you might be selling or buying at the wrong time.

 

[Wisdom01]

I am quite sure that many people may not have known about this index chart. However, as I research more and more, I tend to find new and innovative ways in order to predict the value of coins in a great manner. This chart explains you the attitude of investors towards the market. You can also use the Trading Metre chart that could be found on TradingView site and combine it with the Fear and greed Index to analyse the conditions of the market if you think that you might be selling or buying at the wrong time.

on the profit trading binance app ,there is actually a fear and greed meter too ,but I actually dont follow that ,it might only help you if you are actually mixing indicators with it to actually trade , although I can't rely on that to just place trade ,I Don't want to invest at wrong time

 

[microunit]

There's quite alot of stablecoin already in the market now, not sure if a new stablecoin being developed or released could help the market, well if it could maybe improve some of its existing system and have a better use-case than other then probably people might use it, although majority of the people have already got used to using the current stablecoins especially usdt

 

[Ben Kempton]

on the profit trading binance app ,there is actually a fear and greed meter too ,but I actually dont follow that ,it might only help you if you are actually mixing indicators with it to actually trade , although I can't rely on that to just place trade ,I Don't want to invest at wrong time

I think that it would be a really bad idea to rely solely on one indicator in order to trade in cryptocurrencies. This is why I use multiple indicators in order to assess the market conditions before i start trading in a really proper manner. I do not use Binance at all, but I tend to get access to indicators on other sites as they are easy to access.

 

[Wisdom01]

I think that it would be a really bad idea to rely solely on one indicator in order to trade in cryptocurrencies. This is why I use multiple indicators in order to assess the market conditions before i start trading in a really proper manner. I do not use Binance at all, but I tend to get access to indicators on other sites as they are easy to access.

I think there was a time I heard of someone making use of volume to get their trading indication ,I really feel that plenty of ways could be used to determine how sucessful a trade would turn out , combining different analysis a lone is actually a very big advantage

 

[Franca01]

But the gold price is flucntuating and not fixed ,am surprised on how the stable coin would be created with gold fluctuating price value I think

I don't think it can be possible that stable coin would be created. Stable coins are coins that are fixed, no matter how the market goes dip it can never go down, the highest it can drop is 0.1%. these coins are used as currensies. For example, Naira, Usdt and BUSD . They are also called fiat.

 

[Horia_10]

Gold stable coins are usually backed by gold for holding their value which means if a company makes 100 coins for sell at x price then they have 100x amount of gold as well in equivalent markets and they make the price of both items related but generally that doesn't happens and it is just for writing purposes companies never have 100% reserves to back a stable coin actually .

 

[Ben Kempton]

I think as a trader when you are consistent in trading with analysis and others ,and also focused on how you trade with time you could perfect your trading ,it might not just come all of a sudden ,but step by step ,you would become a professional in the game of trading , everything is particularly belief and others

There are many factors and things that you may need to consider and analyse before trading. This also involves analysing the state of the market in case you are a swing trader. Right now, the conditions might not be ideal as Bitcoin came down from the $20,000 mark to $17,000 and this may not be a good sign.

 

[Skysaint]

Should the public be worried if a new stable coin should be added to the cryptocurrency market. It's not like people would even dare invest in such coin not now that the last new stable coin collapsed and made so many people lose their assets in a blink of an eye.
Right now, people are just investing in only the busd and the usdt if ever they need a stable coin.

 

[Wisdom01]

There are many factors and things that you may need to consider and analyse before trading. This also involves analysing the state of the market in case you are a swing trader. Right now, the conditions might not be ideal as Bitcoin came down from the $20,000 mark to $17,000 and this may not be a good sign.

That's why it's good to analyse the market first before anything else , I think many would have been caught up in the market if they actually didn't invest well , the market is so risky to invest in ,we should be sure of what we are investing on before entering it

 

[Marcelino1]

That's why it's good to analyse the market first before anything else , I think many would have been caught up in the market if they actually didn't invest well , the market is so risky to invest in ,we should be sure of what we are investing on before entering it

The crypto-currency market is a risky one and anyone who does not analyse properly before investing will always end up losing money at the end of the day.

This is why we always recommend people to learn technical and fundamental analysis properly before putting any of their money in the crypto-currency market.

The reason it is important for you to acquire those skills is that you will always know your entry point and exit point. It will also help you to know when to stay out of the market in order to avert losses.