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Risk in trading is always been there, so you need to have plans, strategies, techniques for you to avoid losses. If you have ever implemented a strategy in trading, if it is true you can do it and work effectively. You should develop a strategy that you already understand because prices changes, so we need to change our strategies according to what does the wish of the market. Since we're in the modern technology generation, learning about trading is already easy since we could find lots of resources online or else ask advice to an expert whom you've known for so long. It is very important that you have knowledge about it before you start making money out of it.
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I am not actually against using a credit card but I do not use that. t's not a scam at all, it's essentially a loan you take out at every transaction that is due each monthly billing period. I think who get bad impact of a credit card is someone who actually can't control what they want. Because if that people really can manage their money, with or without credit card they will know which one is important or not.
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Personally I don't see why many business wouldn't accept bitcoin as a payment form. I think by adding bitcoin as a payment form it makes your business a bit more diverse in some ways. I recently helped my dog groomer set up a little stand with a bitcoin QR code to be able to accept bitcoin from her customers. This kind of set up is such a good idea in my mind. Helps you diversify your payments into an investment as well.
Indeed. It will make your business a little unique. Adding bitcoin as a means of payment will give you a better security. It will also avoid chargebacks. If i have my own business in the future, I would do it. Accepting payments with bitcoin is currently a great move and can earn more profit from bitcoins. But, you must also be ready and have a plan or strategies whenever bitcoin price dump because if ever you don't have, you might lose your money on it. |
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the fact is that it is, not everyone is able to survives in trading but everyone can learn trading. when crypto becomes more and more booming, there will be many people who are starting to get to know crypto and try to take advantage of it, one of which is by trading. in my place there are many young people who started trading but in fact only a few are surviving today. shows that indeed trading is not for everyone, only people who are capable and can manage it can do it.
Indeed. Trading is for those who have the basic knowledge about it. Everyone might not survive trading but they might be able to learn. When people get the news that crypto price increases or booms, people start to know cryptocurrency, just like me, I search it everywhere for me to learn something about crypto. It is also for the people who are willing to take risks, who knows on how to control those risks to minimize losses and know how to set plan especially when market changes. That's why people especially those newbies should be serious when it comes to trading, money is involved here. |
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Probably the only answer to this question from the op would be:
It is all dependent on an individual.
Why do you think there are so many exchanges and defi services offering you high interest rates so to hodl your bitcoins on their platforms.
Cause they know something is good with bitcoin and they would want to use them for leverage trading where ever they transfer those holdings too.
So for me, it would be never.
HODL til you die!
This is my philosophy when someone poses this question to me at the very least.
Indeed. It is still depends on an individual if when they're going to sell or hold. Everyone will obviously have their own analysis and they will obviously know when to do HODL or not. Hold is a common strategy when investing, as long as there is hope for profit, hold is better than selling. It will also depend on the coin you are holding. I suggest that holding is much better until you reach your goal but, there's a time also that selling is necessary, so, it will depend. |
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Since I found out about Bitcoin in 2017 as if Bitcoin's development could not be stopped, Bitcoin continues to show resistance and its users are increasing year by year. Although many people disagree and the many rules governing the existence of Bitcoin do not make the price of Bitcoin go down, in fact the price of Bitcoin continues to increase, followed by other cryptocurrencies. I think in the future Bitcoin will become a very popular financial system and also provide many benefits to its users.
Indeed. Bitcoin continue it's popularity these days because of those people who believes in it. Maybe some of the people ignoring it because they disagree about the rules in it and they are not familiar about Bitcoin or cryptocurrency. And for people to believe and be encourage about crypto, they should gain proper education too about crypto and how it will be beneficial for a human's life. Experienced also teach you how to anticipate things. It's better to have that knowledge for you to know on how to do things in a right way. I think bitcoin will be more popular in the future because it provides many benefits to it's users. |
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Human nature is greed, when you are able to control that feeling, you have nothing to lose when trading. i have a friend who is not very good at analyzing the market but has a very small percentage of losses when trading, he said that controlling greed is my success key.
That's good for him, he knows how to take profit every time that he's on it. I agree with him that controlling it is one of the factors and having it combined for being good at analyzing will make the best out of it. Controlling greed and knowing how to read the market will give you the advantage that others are wanting to have. If you lose, that's okay because it happens but it should be not that much. Controlling greed and emotion is something that cant really be done easily unless if you do have already the experience on this market but if not or doesnt have enough then these things will greatly affect your trading career which would really result into those bad decisions. Losing is something that cant be avoided but somewhat can be lessen if you do already have the knowledge and experience. Indeed. We can't avoid on losing since cryptocurrency has a lot of risks. We can just minimize it by having any plan and strategies when you start on trading. Being greedy and emotion can always lead on losing. Experience may also help you minimize loses and especially the knowledge you have. |
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If you plan to buy a house for your comfort, and it is within your means, seek out a way to get it done quickly.
If you plan to get a car, as you feel you are ripe enough for it, and there's a means to get it, don't hesitate, get it quickly off your list.
if you plan to buy a home equipment, electronics or furniture, and it is super important to you and your comfort, buy it and get it off your list.
The longer you wait at times, the more prices increase, things are not getting cheaper, the longer you wait the more the thought of this need bugs your mind.
That’s true, but sometimes before you take such a step you should calculate between your needs and wants, because some of these things are not your needs, and that’s why you would probably be having a second thought about them. And judging from how much is in your pocket, if you feel that buying any of the things you have on your list would affect your financial stability at the moment, then it is best to leave it for and plan for it later. You can even decide to start locking a bit of money aside for that particular thing and when it is complete, you can then go ahead to pay for it. If you dont know on how to balance in between your wants and needs then you would be fucked up in near future on the time that you do realize that you had already some problem with your finances thats why you should really be that wise on handling out your money so that you wouldnt really experience any hardship or unfortunate events which would cause up on wrecking your life. At least we must have skills in managing finances for ourselves, I think needs are the main thing to be fulfilled because if we are only obsessed with desires, I don't think it's the right decision, if you can't manage money, at least we try to learn Indeed. It is very important for us to know how to manage our finances for us to provide the things we needed for our daily living. I, myself don't think even buying my own desire first before buying things that my family needed. If you will think other people especially your family before thinking of the things you want then I guess your learning about it and it was the best decision Indeed. |
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Learning anything now is easier than ever. Kids now is easy to learn with the tutorials they've always seen in any website. Some of them is rich already than their parents. At a young age, they can already learn how to value the money as they know how to earn it. It was very interesting and helpful to kids to learn something about earning money but it is very important also that parents may guide them because it may cause them anxiety exploring internet. The parents guidance is utmost important in these matters.
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There is a probability that maybe Bitcoin could be a global currency in the future. As long as adoption goes in a positive direction, it can happen. And, the rate of crypto adoption every year continues to increase, this could be the reason for crypto being used as a global payment. From the level of widespread adoption and acceptance it is easy to presume such things can happen. Cryptocurrency and Bitcoin is already growing, so if there is going to be a global digital currency in the future, no doubt it will be Bitcoin. Maybe there's a lot of issues on it but still BTC overcome those issues and still continue to be unique among other currencies.
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To be honest i am never use bot. But some of my friend said bot is only a tool and who made setting is ourself. So it still need our analysis or maybe other's analysis to setting it and then we can use it. If me i prefer to trade like usual because it is same we analyze, or other people analyze and set up the setting, or other people who analyze and we can ask for suggestion to trade like usual.
Same as other people, they never use trading bot. Lot of people here don't usually used a trading bots, I think they do manual trading. Trading bots may be profitable or not, still it depends with your strategies or plans. If people may rely on bots, they won't grow and can't do anything. For you to become successful in trading, manual trading is the best approach |
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In reality, no matter how you try to play it safe always, you cannot completely ensure and eliminate loss from your trading experience, it is a part of it. Losing is part of your trading journey, its impossible to always win in trading without any lose since we all make mistakes and we can’t control the market. All you just need to do to minimize your losses is to be careful and always updated by news and to the market. Always have plans when you will start trading.
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It's not just about the skilled and unskilled, most of the companies focused onto the idea of degrees as well to accept
or get a job. There's a lot of people have a good skills but doesn't have a degree, that's why most companies doesn't accept them. But I believe that even though a person is not skilled or don't have nothing, that doesn't mean he or she won't become rich or don't find any job. It is all about plan, those strategies they will going to do and the determination to achieve it. As long as they will trust their self fully and do all the hard work then there's nothing wrong with it. But it is also true that learning skills makes a person more disciplined too.
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bitcoin is an asset and is not in the form of currency but we can use it for an investment and we can liquidate it into cash, bitcoin is an asset that we can store for a long time with an exchange rate that may change from time to time. time and we cannot predict the rise and fall of bitcoin for a long time, therefore bitcoin is said to be an asset that we can keep as a form of investment
Indeed. Without a stable value Bitcoin cannot truly be a currency. Rather it is a commodity asset that one trades, like gold or silver, in hopes that its value will rise and yield a trading profit. Bitcoin's intended purpose is as a medium of exchange but it may also be used as an asset and investment. But if you'll think deeper, Bitcoin can be both. |
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We hope so but have to accept the reality that we can't avoid this thing. It can really be frustrating to see and have losses despite of being careful but I don't deem to make this thing become a reason to give up, instead, we make this thing a reason to improve our knowledge and enhance our skills.
Those traders that will be able to understand this situation will find a way to stay and never complain. The more we feel frustration, disappointment, the more we become down. I think we should have to work on controlling our emotions before they become worse.
Indeed. We can't avoid to lose money in trading. We will lose money in trading if we don't have the right plan on how we will do it. We can't avoid it but we need to have a plan and our own strategies to minimize it. All we just need to do is to be careful and always understand the market flows. We must be always updated to the market. We might be possibly loss money in trading but through this it will improve our knowledge and do better things next time when you trade. |
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~
I definitely want Bitcoin to be legal in my country, and I feel the need to make Bitcoin legal in my country.
Do you want, Bitcoin to be legal in your country? - That would be nice.Do you feel the need to legalize Bitcoin in your country? - This is not required in Germany, but it is tolerated. The economy is doing well. Many people could live well since Corona even if the prices for food, electricity, gasoline and much more is higher. If inflation going up, then more people will buy Bitcoin. Are your ideas about Bitcoin positive or negative? - Here, not many can do anything with it, they don't understand it, or soccer is more important. What is your personal opinion about this? - There are too many people who don't understand Bitcoin and the blockchain, that's the only reason they aren't in. What do you think, if bitcoin is legalized in your country, the country will be improved or will be damaged? - Difficult question. I would say: Currently ist is not healthy. Indeed. Most of us in the restricted countries know what a bitcoin legal countries are enjoying, the citizens of such countries will have the opportunity of carrying out businesses using bitcoin. It would be nice to be legalized in my country since it is a big help for everybody. Rich or Poor can have bitcoin to earn enough money for financial needs. I think, governement in our country would not accept bitcoin to be legal but, I think it needs to be legalize because theirs lot of unemployment here in our country who needs a job for them to earn and sustain their daily needs. I'm sure if Bitcoin is legalized in my country it will definitely make the country better. |
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Hey guys,
Lately, I've been putting a lot of work to educate myself toward Bitcoin, going through ressources from hope.com / 10hoursofbitcoin.com / Essays / Well document articles...... im officially down the rabbit hole.
I have the feeling that i am starting to understand deeper what Bitcoin truly is, what it brings, how it changes everything, what hope it brings, and mostly, how HONNEST it BTC is.
I am more and more amazed by it, to the point that i've lost almost any interest toward any other crypto «currencies».
To put it in other word, i want to add more bitcoin to my portfolio but with current near ATH price, i am not sure how to proceed from here.
We all know buying at/near ATH is not the best move. On the other hand, people will suggest « DCA DCA - long term long term».
Yes I've been doing DCA with BTC. I've stopped doing so at 2 weeks ago, at 59k. Thought it was getting high to buy.
What are you guys currently doing ? Still buying at 65-68k ? Waiting a for a while ?
Thank you all, and have a great day !
In my own assessment, the price of bitcoin for the last month the price moved only in between 55000$ to 63000$ something. And now when November came in the price suddenly moved again in between 60, 000$ to 68000$, and there is a prediction also that before end of this month the price will turn into 90,000$ something, So I think, the price value so far still cheap in my own opinion. Actually, if we watch bitcoin price movement, the price increase steadily although not jump directly so I think it is good for the price to reach every high price step by step. But a few days ago, we saw the price jump from a lower price to a higher price and reach $68k-$69k but then, the price is back to the lower price. And now, the price is at $64k, which is good to buy or you can wait for a while because the trend is down and maybe there will be another correction that can come tomorrow. If you are okay with buying right now and consider buying more if the price still goes down, that will be a good decision as you can have more bitcoin. Buying Bitcoin now is quite good in my opinion, because it is likely that the price of Bitcoin will indeed rise again in the near future. So I highly recommend buying at a price of $63k-$65k, or if we want it to be safer, we can buy Bitcoin in stages. That means don't use all the capital we have to buy Bitcoin at the current price, we can buy using 50% of the capital we have. We can save the rest first in stable coins, so as not to be affected by a volatile market. If it turns out that the price of Bitcoin is getting lower below the price of $63k, we can buy more Bitcoin with the remaining capital we have. But my prediction is that Bitcoin will not drop below the $60k price, because the Bitcoin support price is very strong at $60k. Yes, it is a good decision to buy bitcoin now but they do not have to buy at once because the price is still too volatile and can drop anytime. They need to diversify their order buy too many low prices so they can get bitcoin at various low prices and if they can do that, they can do swing trading besides long term trading because that can give them a chance to make a profit in a short time. I always suggested buying bitcoin in stages because that can reduce our panic when the price is down and we can get more amount at a low price. Hopefully, $60k will be the support price to hold, not going down for more. Indeed. Make sure if you'll going to buy, buy it during dip and sell if when prices pump. Buying Bitcoin now is quite good in my opinion, because it is likely that the price of Bitcoin will indeed rise again in the near future. But, you should mind off about the risk because this is something that do need up some consideration because there's still some risk on such decision you would make. |
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There's a lot of link about Bitcoin for newbies. If ever you can't find even just one, you can also search it through the internet since all the information you want to know about Bitcoin is already in the internet. You can also give him youtube videos or google links that explain about crypto. Because from the story itself we know what your friend aim, is to get a lot of money from crypto. The same as what I did before, and the reason I learned a lot is because I worked hard to educate myself about cryptocurrency. If he was really interested, then he would look for the information little by little.
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a little advice you can start learning trading through books, web or youtube. there are many lessons that can be learned because the most important thing for a trader is to increase knowledge and insight so that we are not surprised by the ups and downs of the crypto market. after that we can learn to understand the market well, start seeing the market often and learn to analyze it. if that all can be learned then you can start with a little trading capital first.
Many videos on YouTube can be found. It's easier because it's like someone is doing the reading for you and you just have to watch and listen. While showing all of those materials and visuals, all you need to do is absorb every single tutorial that they teach you. It may not be the best for the others and it's not the ideal one but it's good to help so that you have a good start in trading. Expect an actual loss because that's normal when you trade as a newbie. Indeed. It is easy right now by the help of the technology. The internet is a free source of knowledge and you can learn a lot by making a simple research. You can learn from basic trading to advance trading as well as other useful information tools and other trading related links. Many videos on YouTube can be found. It is indeed one of the platforms that help us to learn many things, including if we want to learn trading we can get it on YouTube but, we must choose wisely the videos that really provides us a useful information about trading for us to learn and have enough knowledge about it. |
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Bitcoin's intended purpose is as a medium of exchange but it may also be used as an asset and investment. We find Bitcoin return properties are very different from traditional asset classes and thus offer great diversification benefits. Bitcoin can exist as currency and asset at the same time. Depending on the attitude of each country towards cryptocurrency, when the country in which it is located believes that Bitcoin is legal, it can be used as a currency for payment in daily life. Bitcoin is very profitable but also dangerous if you are not careful.
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