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[AudraMiller]

There are many people that are into the cryptocurrency world and online trading has become especially prominent as there are more and more people that are turning to it as an income source during the trying financial times of the pandemic. However, this is not as simple as it seems and not everyone is successful when it comes to trading. In fact recent statistics actually show that 95% of the people that are trading online do not generate a profit in terms of the long term. So whilst local profits may be seen in the long term they are unlikely to see a profit. What are your thoughts on this?

 

[Razor1911]

There are many people that are into the cryptocurrency world and online trading has become especially prominent as there are more and more people that are turning to it as an income source during the trying financial times of the pandemic. However, this is not as simple as it seems and not everyone is successful when it comes to trading. In fact recent statistics actually show that 95% of the people that are trading online do not generate a profit in terms of the long term. So whilst local profits may be seen in the long term they are unlikely to see a profit. What are your thoughts on this?

That is true. Even more than 95% of the trader are not able to generate any profit. Most of the numbers are of those who don't have any basic idea of trading. It is imminent that they will lose money here.

 

[AudraMiller]

That is true. Even more than 95% of the trader are not able to generate any profit. Most of the numbers are of those who don't have any basic idea of trading. It is imminent that they will lose money here.

This is true, and many people as soon as they make a loss will leave the cryptocurrency world, however, in my personal opinion i think that losses should encourage you to learn from your mistakes to try and profit. And that will reduce these stats in the future. Also the technical know how is quite extreme with crypto and there is a lot to learn as well.

 

[Razor1911]

This is true, and many people as soon as they make a loss will leave the cryptocurrency world, however, in my personal opinion i think that losses should encourage you to learn from your mistakes to try and profit. And that will reduce these stats in the future. Also the technical know how is quite extreme with crypto and there is a lot to learn as well.

The main focus of new traders should be to learn first. If from the starting they try to earn then surely at later stage they will have to struggle. If you gain knowledge at the very beginning, then it will remain with you forever and help you in every kind of situation.

 

[SCAMEXPOSER]

I personally believe that traders are making profit from their Investment especially those that are disciplined they don't go beyond their limit.

 

[amgad100100]

The people who are make a lot of money from trading in Crypto is less than 5% i think , and they have a super mind of investment and they will continue success with a lot of chance they can see while the others can't .

 

[ElPaule]

It doesn't matter what you're trading, if not done with due diligence it's hard to get profit or you might even loose the invested money. Nowadays a investment is only a click away in new cool apps it can be done sooo easily. But there is no risk mitigation for most starters.
some features like social trading might be an option but it comes with limitations.
Take care where you put your money in! It will maybe just pay of a Lamborghini of some asshole.

 

[AudraMiller]

The main focus of new traders should be to learn first. If from the starting they try to earn then surely at later stage they will have to struggle. If you gain knowledge at the very beginning, then it will remain with you forever and help you in every kind of situation.

I completely agree with you.

May i ask, I see that you have two pending payments that you have requested payment in bitcoin cash, how long does it typically take for the payment to be processed and for you to receive funds?

 

[LutherKing]

well , its true and agreed because those traders who day trade or day it without knowledge and do panic selling always on fault , also if you pick pump and dump coins you are a big risk taker and that risk is not worth if you dont afford to take it to be honest

 

[Razor1911]

I completely agree with you.

May i ask, I see that you have two pending payments that you have requested payment in bitcoin cash, how long does it typically take for the payment to be processed and for you to receive funds?

I completely agree with you.

May i ask, I see that you have two pending payments that you have requested payment in bitcoin cash, how long does it typically take for the payment to be processed and for you to receive funds?

Normally, admin takes one or two days at most. But sometimes when he is busy may take longer. But surely he clears all the pending payments in short time.

 

[AudraMiller]

Normally, admin takes one or two days at most. But sometimes when he is busy may take longer. But surely he clears all the pending payments in short time.

Thank you for the fast response. I much appreciate the assurance and will await payment as well. Also this is the first time that i am using bitcoin cash, the wallet address is given as 'bitcoincash: .....'.

Is it it necessary to put the 'bitcoincash:' part in when you are inputting your wallet address or just the actual wallet address that goes after that?

I hope to hear from you, and sorry for the bother. This is the first time using bitcoin cash and hope that i am using it right.

 

[ElPaule]

Thank you for the fast response. I much appreciate the assurance and will await payment as well. Also this is the first time that i am using bitcoin cash, the wallet address is given as 'bitcoincash: .....'.

Is it it necessary to put the 'bitcoincash:' part in when you are inputting your wallet address or just the actual wallet address that goes after that?

I hope to hear from you, and sorry for the bother. This is the first time using bitcoin cash and hope that i am using it right.

With bitcoin cash transfers in other situations (didn't got paid here yet) the bitcoincash prefix was always a part of the address. You did it correctly if you pasted the prefix too.

 

[AudraMiller]

With bitcoin cash transfers in other situations (didn't got paid here yet) the bitcoincash prefix was always a part of the address. You did it correctly if you pasted the prefix too.

Thank you for that. I actually didn't have the prefix with teh bitcoincash address when i requested payment. This is unfortunate. Thank you for letting me know though. I will try and get in touch with Mr B to try and rectify it and will be careful of this in teh future :)

 

[SCAMEXPOSER]

well , its true and agreed because those traders who day trade or day it without knowledge and do panic selling always on fault , also if you pick pump and dump coins you are a big risk taker and that risk is not worth if you dont afford to take it to be honest

This depends on individual traders and the kind of target they set for themselves otherwise if you set your limit on 10% daily there's every possibility that you have more gains than losses.

 

[AudraMiller]

This depends on individual traders and the kind of target they set for themselves otherwise if you set your limit on 10% daily there's every possibility that you have more gains than losses.

My limit is set at 5% daily. I know that it is not a very high limit, but as someone that is quite new to trading I want to be able to get the basics solidified before moving on and increasing my goals. My loss is also set at 5% at which point i stop trading for the day and i trade in low values of a couple dollars to understand trading as well.

 

[LutherKing]

Well trading is not a game or business for small hearted people or with small investment you should trade with minimum of 100$ , bit always consider the risks attached to it

 

[SCAMEXPOSER]

well , its true and agreed because those traders who day trade or day it without knowledge and do panic selling always on fault , also if you pick pump and dump coins you are a big risk taker and that risk is not worth if you dont afford to take it to be honest

This depends on individual traders and the kind of target they set for themselves otherwise if you set your limit on 10% daily there's every possibility that you have more gains than losses.

My limit is set at 5% daily. I know that it is not a very high limit, but as someone that is quite new to trading I want to be able to get the basics solidified before moving on and increasing my goals. My loss is also set at 5% at which point i stop trading for the day and i trade in low values of a couple dollars to understand trading as well.

That's better and if you can upgrade gradually it will be better Crypto currencies are not something we should over held because of too high profit.

 

[Wisdom01]

This depends on individual traders and the kind of target they set for themselves otherwise if you set your limit on 10% daily there's every possibility that you have more gains than losses.

Basically its good you set your goal for that day . That is the reason i love day trading than holding for long term and thinking of unrealistic profit . Ihave learnt my lesson

 

[LutherKing]

Well 10% is pretty high to be clear , even 3% per day is enough and more chances of happening as well with most of currencies

 

[SCAMEXPOSER]

Basically its good you set your goal for that day . That is the reason i love day trading than holding for long term and thinking of unrealistic profit . Ihave learnt my lesson

As soon as the market recover and I want to restart trading again I will engage more on daily trading than holding simply by setting limit for my trading.