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How to avoid losses when investing in crypto currency

  • Thread starter Thread starter Sincerem
  • Start date Start date
Sincerem said:
So what of a situation that you need to travel outside the country. How will you be able to bypass the immigration requirement with this documents of yours ?
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Sorry sir, I never ever go out of my country, so I don't know anything about this process.
 
Sincerem said:
The point is that this will definitely affect them because according to Goodperson, he cannot verify his binance account because of this reasons. That is why you hear me say.
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For real?. that is too bad of binance actually because they should have multi languages of verification. I think that should try as much as possible to accommodate many other languages.
 
Sincerem said:
So what of a situation that you need to travel outside the country. How will you be able to bypass the immigration requirement with this documents of yours ?
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In that case, I would have to either get my national ID card translated o apply for the English version of my National ID card. The governmental department issues national ID card after three months.
 
Chibson said:
For real?. that is too bad of binance actually because they should have multi languages of verification. I think that should try as much as possible to accommodate many other languages.
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I think the Urdu you are talking about is not an official language as I see . If it was an official language like French, english, chinese. If it was officially recognise , there would have been a way of verifying.
 
Sincerem said:
I think the Urdu you are talking about is not an official language as I see . If it was an official language like French, english, chinese. If it was officially recognise , there would have been a way of verifying.
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I think it is their local and official language. South Africa for example also have more than one official language. So it may be in that situation, but I think there should be a way of verifying like you stated.
 
Avoid crypto currencies that have got no potential. There are a lot of them out there and it's up to us all to make sure that we do our research before investing in it.
 
Good-Person said:
In that case, I would have to either get my national ID card translated o apply for the English version of my National ID card. The governmental department issues national ID card after three months.
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If that will help you verify your binance platform then I think you can go ahead with the decision, this is definitely the best option as long as it won't be stressful for you at this time.
 
Sincerem said:
I think the Urdu you are talking about is not an official language as I see . If it was an official language like French, english, chinese. If it was officially recognise , there would have been a way of verifying.
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Urdu is the official language of Pakistan, but it is not accepted at Binance. Binance might support a few languages, but Urdu language is not one of them. This is why I cannot verify my Binance account until or unless I get an ID card in English language.
 
Good-Person said:
Urdu is the official language of Pakistan, but it is not accepted at Binance. Binance might support a few languages, but Urdu language is not one of them. This is why I cannot verify my Binance account until or unless I get an ID card in English language.
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Sorry about the challenge you are going through , in that case then what is the process of having an English identity card , is it a tedious process that can't be done easily ?
 
I will be very hard to have a total stop to loses in cryptocurrency, the thing is to know some things in order to reduce your losses while investing in cryptocurrency and the first is to study about cryptocurrency.
 
Robust said:
I will be very hard to have a total stop to loses in cryptocurrency, the thing is to know some things in order to reduce your losses while investing in cryptocurrency and the first is to study about cryptocurrency.
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using stop loss is always important and necessary because it can save you a lot of money. If you are trading futures using stop loss can save your fortunes. People should not trade cryptocurrency without using the feature.
 
Chibson said:
using stop loss is always important and necessary because it can save you a lot of money. If you are trading futures using stop loss can save your fortunes. People should not trade cryptocurrency without using the feature.
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Yeah.. that is why most at times when I do talk to people on social media about online stuffs, I hardly tell them about cryptocurrency because they do want to study to know more and they will just depend on what you just said.
 
Having and maintaining a trading journal is something that is going to be of huge advantage for you. Paper trading for beginners has also proven to be absolutely beneficial.
 
Robust said:
Yeah.. that is why most at times when I do talk to people on social media about online stuffs, I hardly tell them about cryptocurrency because they do want to study to know more and they will just depend on what you just said.
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that is a very smart decision by you. I also don't tell people about cryptocurrency because I don't want to make anyone feel they have lost me through me.
 
Chibson said:
that is a very smart decision by you. I also don't tell people about cryptocurrency because I don't want to make anyone feel they have lost me through me.
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Yeah... Because most people thought that this cryptocurrencies, is something that you will just go and invest on without knowing any much details about it and worse is that they will be only depending on you.
 
Robust said:
Yeah... Because most people thought that this cryptocurrencies, is something that you will just go and invest on without knowing any much details about it and worse is that they will be only depending on you.
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That's true, people that lack knowledge about cryptocurrencies will always blame you whenever anything goes wrong. That's why people always put not financial advice after making a call.
 
Like you said, to avoid loss when investing in crypto currency one must first of all have a good knowledge of crypto currency. One shouldn't just jump into it because it is very profitable. One should also try to learn from successful crypto investors.
 
Setho said:
Knowledge of risk management is very important whenever it comes to trading of cryptocurrencies. You should always use 5% of your lot size or less and also learn how to use stop-loss and take profit.
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Because cryptourrency is a very volatile market , it is very important that you should take proper risk management into consideration because that is what will help you minimise a lot of risk.
 
You have list out most a potential crypto investor should take note. My own is that don't invest what you cannot lose. It's very important. This may be unpopular but those who violate most time end up regret it. Regardless of the training you've acquired, don't invest what you cannot lose and don't borrow to invest.
 
Danny4cash said:
You have list out most a potential crypto investor should take note. My own is that don't invest what you cannot lose. It's very important. This may be unpopular but those who violate most time end up regret it. Regardless of the training you've acquired, don't invest what you cannot lose and don't borrow to invest.
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Yes.. that is another point, one should not invest what he or she can not lose at all and he or she should be on alarm to know what is going on every day every time while trading cryptocurrency.
 
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