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Usually, people like that are people who are looking for safety, and are not ready for the risks. However, when he says that, he probably assumes that when an offense occurs, he will direct it at you, and the worst thing is that he will ask you for compensation. However, you should deny it, and tell him that it is 100% his decision. I rarely invite other people to invest because sometimes they are only ready for the profits, but not ready for the risks.
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Of course, long-term investments in Bitcoins can yield good returns, but Bitcoins are not meant to be held for life. If we always invest in Bitcoin investment with a long-term plan, we will definitely get a substantial profit from that investment. Many times it is seen that many investors are very hasty and rush to invest thinking that Bitcoin investment will make them a millionaire overnight but it is not like that. Bitcoin investment and always we have to invest patiently if we can invest patiently we can definitely get a lot of success from this investment.
well, when we invest in something, especially bitcoin, we need to have a strategy for buying and selling so that we make a profit. I think the ultimate goal of investing is financial freedom. So, as long as we don't get that, we need to try to continue to utilize the investments we have. It's good, when we have made a profit from Bitcoin, we need to take a few percent of the profit. This can be used to buy other investments, or perhaps buy back when prices are down. |
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The price increase that can occur depends on the performance of a coin's project. So, we cannot guarantee whether new coins or old coins will rise high or not. However, if you have done research, then be confident in the research you have done. Apart from that, investing in meme coins is very interesting, many people who invest the minimum, get huge profits in a short period of time. However, it is worth the risk. Well, when altcoins hit a bull market, I hope what I hold gives me big returns. I hope that happens to you too.
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To Op and anyone that have been a real bitcoin enthusiasts. I admire how you are wanting to support Bitcoin through this means of introducing it to someone. But there are right ways of doing it and I won't do the same thing, I'll tell that guy to invest on their company's resources that shall increase the productivity of their workers and company's sales and profit but not through investing in BTC. I know that his friend will surely listen to his advise, because BTC has plenty evidence that will make people to believe that it will going to bull massively to cause people to earn from the bull run.
He might listen but it's best if that friend will invest to Bitcoin as an individual and not with his company's money. yes, I also think that it is better for him to invest of his own accord using the money he has himself. Using money from his company might make that risk even higher. This is like using money that we are not willing to lose to invest. However, we know that your friend is a new investor in the cryptocurrency world, when he sees a falling chart, with a decreasing investment amount, it might make him panic, and maybe sell at a cheap price. This might disappoint his father. After all, it was the worst thing that could happen. Well, I always consider the worst that can happen before investing, so I can be better prepared. However, I also think that the safest thing is to enter investments of one's own accord and use one's own money. |
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my parents are quite old, and leave all forms of business to me. So, in general, he does not invest in bitcoin. After all, I just want him to enjoy his old age with what he has worked for since he was young. However, he knows that I'm learning and invested in this, so the investment he's making is raising me and making me take care of this.
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That's what I don't get with other people that are quitting or selling mid way in bitcoin, they think that bitcoin is still like that back in 2010s, it will still be a test of patience but the problem is that it's not just 3 or 5 years now, it will be around 10 years plus now because of how many people are invested into bitcoin compared to back then and the price is too damn high for a really fast price rise to ever happen. That's why I've made a vow to myself that I'm going to hodl for a really long time and if I ever reach that time, whatever the price may be, I'm going to be selling it and I can guarantee for a fact that bitcoin's going to be giving me huge profits even if it's not at the peak during that point in time.
Well, I also regret selling the bitcoins I had when I first got to know and collect bitcoins. However, that is part of the journey. When the price of bitcoin is still below $1000, it is very natural for people to be surprised to see the price of bitcoin higher than that, and rush to take profits. It's just that almost everyone regrets selling the bitcoins they own because of this. however, this is a lesson for all of us, that the price of bitcoin is really getting higher, and making the impossible possible. For people who still own and are still collecting bitcoins, it would be best to really focus on holding them at this time. |
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To be realistic? Bitcoin will definitely not do 5x in the near future. It will be long for us to see that because 5x means just about $350,000. If you’re looking to invest and get 5x, you should look at Altcoins. They are usually Altcoins that give even more than that, you just have to know which one. Most times it’s best to invest in multiple so you have profits from every possible angle.
Well, if you want to take a bigger risk then altcoins are the choice. In fact, people will choose meme coins to get more than 5x profits. It's just that, if you want an investment that has less risk than other altcoins, then Bitcoin is the choice. I understand that we are looking for big profits, and I myself also invest in altcoins. However, if we can have an investment of more than 0.5 bitcoin, I think there is no harm in holding it and creating a new portfolio with new capital. So, I might prefer to raise new capital to buy altcoins that I feel have great potential. |
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well, we know that trading can give someone huge profits, so, it is very natural for someone to try it. However, the aim of trading is definitely to improve their finances, so with that aim I also try to trade until now. Anyway, this all started when I discovered crypto. This happened naturally and led me to trading. Furthermore, I learned that through experience, and reading references in various places. Even though I'm not good at it, my goal is still the same.
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from what I see, I might only be interested in NEAR Protocol in your portfolio. Apart from that, I feel that investments other than that are investments that have high risks. However, if your goal is long-term investment, then I recommend choosing coins that have good potential, such as ETH, BNB, and other popular coins. This aims to ensure that you can get good profits, with a downside risk that you can still accept. However, it all depends on your decision. I feel that 5k€ is quite a lot of money, so if it were me, I would probably choose investments that have less risk.
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Well, I thought so too. although this month doesn't have many days left, currently the price of bitcoin has reached $71k and it is close to its ATH price. If the price of bitcoin continues to rise positively, maybe this month or next month, we could see a new ATH, in fact, the potential to reach ATH is getting bigger, and maybe we can also see it this year. |
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Even though currently memecoins are very popular and are a priority investment for crypto users, I personally am not at all interested in memecoins because I think the risks posed by memecoins are very large, so the potential for loss or loss is very high,
This is not the top priority to many investors and only those who want to follow the hype are into meme tokens. Yes, there is money here but the risk are very high and only the good player will enjoy the big profit. I’m also not into meme tokens, i don’t find any project yet that I think will pump that much, though if there’s a chance to buy then why not. Memecoin does provide great profits for some people, but I also think that this is a very risky investment. In fact, some people I saw investing in some meme coins ended up with huge losses, and to this day they still hold those coins. Well, if you really still need your money, I suggest not investing in meme coins, but if you just want to try it out, then use as little capital as possible. However, it all comes back to the decision you will take. |
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I don't think I fall into your category because I invested because someone else did it first so I followed them  I don't think it matters whether we invest in bitcoin just because we see other people or are persuaded by other people because in the end what I feel is when I have been in bitcoin and that becomes important because in the end not everyone who is in bitcoin because of other people follows everything that other people say because if they are serious they will definitely study it seriously which in the end will lead to confidence that our choice is not wrong. Indeed, the ideal is that we have to learn first before actually starting but on the other hand if indeed we know from others and the person has done it first then I think it doesn't matter that we follow while continuing to do research and learning about what we are doing. In fact, following other people and then going deeper into it is a good thing. However, many people follow others just because of the hype, and don't do any research first. They think that bitcoin investment is a short-term investment, because they only enter when the price of bitcoin is high. In the end, they are disappointed when the price of bitcoin falls, and their investment is stuck so they sell at a lower price than the price they bought. In fact, if they look into this, they will see that this is a normal thing in this kind of investment. However, knowledge is also needed in investing, even when we have invested because we follow someone. |
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Well, bitcoin is very famous now. Those who know how to use it are likely to accept bitcoin as a means of payment, and sometimes they even hold it as an investment. In fact, when you buy at a shop, and the owner knows about bitcoin, then you can offer an exchange using bitcoin. However, personally, I would probably choose to use Fiat as a medium of exchange, and keep the bitcoins I own.
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One needs to have good enough knowledge to be able to minimize the risks attached to an investment because you can't have a good plan if you don't have enough knowledge, and you can only have enough knowledge if you spend enough time learning about the things you are going to get involved in.
Most people make this mistake when they are entering the cryptocurrency market, they are in a rush to make investments and start earning money and in this rush, they forget the most important thing which is to gain knowledge before they get started, and this makes them have a hard time.
If you gain enough knowledge beforehand, you won't face difficulties when you start making investments or trades.
Taking risks to increase profits is the right thing, but I agree that there are many things to consider before doing so. Some things that need to be considered are that we have some information and knowledge about what we are investing in, and the other is that we take these decisions calmly and in a hurry. I believe that being hasty and without clear information can put a person at great risk, and may be prone to incurring losses. |
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If they don't have a source of income to trade, then I would emphasize finding a job first. We know that trading is not just about being brave, but trading is a risky method for people who don't have a source of income. Even more so if they are new to this. It's a good idea for them to look for work while saving, then they can also learn about trading and what's involved in it. If they insist on trading, it seems like they are forcing the situation, and that is quite dangerous.
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Well, the link you provided has a lot of annoying advertisements, and it makes people lazy to read it. However, the price of bitcoin has only recently recovered, and the potential for a new ATH is still very large. In fact, I feel that the current price is so close to the ATH, and it may only take a few pushes to see a new ATH in the bitcoin price.
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It all depends on one's knowledge, capacity, time, mastery and suitability. And long term in my opinion is a better alternative if you have another job or a permanent job, and for daily trading you inevitably have to be involved every day in the market to be able to make a profit. In my opinion, this is not an easy job. Because you really have to have experience to become a profitable day trader for at least 2-3 years after you experience several losses which will be used as experience and lessons, and only certain people can be truly successful with day trading because most of them finally gave up.
And apart from that, in terms of profit, security and comfort, it is also very far from long-term comparison. So it all depends on the person, because whatever the choice, daily or long-term trading will both produce good profits if you are with the right person.
Well, personally I also feel that daily trading is more difficult than long-term trading. What I mean is, when we do long-term trading, we really do an analysis of developments and how the coin we choose will rise. This makes us more confident and more relaxed in living our daily lives. Some people do long-term trading while doing DCA to increase the assets they own. However, for day trading, we need to spend quite a lot of time in trading because we need to focus, and quickly take profits. If we calculate it wrong, inevitably we have to sell at a loss, or we wait until the price returns to normal. |
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If you really want to immediately own your target coin, then exchanging it directly is the best thing. However, if you feel that the price of the coin you currently own will fall, and still want to wait for your target coin to have a suitable price, then exchanging it for USDT first is a good option. However, it all depends on you. If it is at the same time, then both are the same thing, but it would be better if you swap directly.
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I think the money in the bank that his father kept was money that was used for emergency purposes. However, it depends on the purpose of the money being saved, if it is for emergency purposes, then I do not recommend investing it. However, if he intends to invest it, then I suggest investing in things that have little risk. Since he may still be trying to adapt to the development of the company he is continuing, it is best not to choose risky investments. When you advise him to invest in something risky, and something bad happens, then the main target to blame is you. Well, but this is just a suggestion from me.
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Yes, basically meme coins are currently a very risky investment and are not recommended. However, many people choose to invest in meme coins because of the huge profit potential. However, it does make cryptocurrency look bad, when many people choose a meme coin, and it becomes a scam, then people will say that it is crypto. However, in this case, investors also need to be wise in choosing investments, and I really emphasize this, because generally investing in crypto is very risky, especially in meme coins. As the name suggests, meme coin, it is a coin that is not recommended. If you choose these coins as an investment, investors must be prepared for the risks.
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