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Trading is not a game or a gamble, but it is a business. and in a business is required to dare to take measurable risks. when today we experience a loss, then there is still tomorrow to make a profit, so it's not just one bet. therefore we must be able to adjust the psychological according to technical analysis, but for all that requires a process
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although money can't buy happiness, but money can fulfill the pleasure we want. and of course some of that pleasure will make us happy. especially for now where whatever we do seems to need money to do it, so it can be said that we cannot live without having money, especially if we live in a big city.
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to get financial freedom, of course, can not be obtained suddenly, except for people who are lucky or come from families who are already rich. but to pioneer financial freedom yourself, I think it takes a process and goes through many problems until we finally understand the advantages and disadvantages of the business we run
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If you really do understand Technical Analysis, then you'd know that it is one of the most important components of trading Analysis. You'd also have realised that Technical Analysis, for the best result, doesn't work alone.
Professional traders understand how to apply the use of TA with other trading indicators to make the most of the market. It is only when you employ the use of TA alone that you face problems like this.
there are several elements that can lead to success in trading, TA is only one of them, we must know how to use TA, but must be supported by good psychology, so that they support each other to continue to exist in the market. On the other hand, managing finances is also important to avoid greed in trading |
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Which is the best for day trading in your opinion in terms of reliability and profit? In terms of profit maybe the cripto, but in terms of reliability Forex. Cripto is like gambling I suppose, you have to check the trollbox, the news and hope to jump into the train fast enough to not be burnt.
I understand how tough the crypto market is because there are so many institutions manipulating it. But if you stay in an environment long enough and understand the rules, you will know for yourself what you have to do and you will grow faster. I was trading at crypto quite well but after moving to Forex, it seemed that I just lost. It seems that the nature of the markets is still important, knowledge is only a small part of the victory. I think if you are comfortable with trading on crypto then my advice is to continue, not everyone is suitable to trade on both, the main thing is that we can print money from this business. many of the forex traders do not like trading on cryptocurrencies and vice versa. with the market manipulation that occurs, forex traders seem not to like risk |
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When you have gotten huge profit, then you should not be more greedy. You should sell your coin without any doubt. Because, if you got a double or good profit, then you should sell your tokens and waiting for dumping the crypto-currencies and you buy again which you want.
When you have gotten huge profit, then you should not be more greedy. You should sell your coin without any doubt. Because, if you got a double or good profit, then you should sell your tokens and waiting for dumping the crypto-currencies and you buy again which you want. |
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Totally agree because this is basically what sci-fi is, electronic is straight out of a Phillip K. Dick book. Even so, cryptocurrencies still have a long way to go before it becomes a mainstream thing because governments and the public are still uncertain and scared on the prospect of investing in cryptocurrency. Probably in the future we might see an increase in usage and we will never know, cryptocurrency might even replace fiat for all we know.
right, we will never know what will happen in the future even though it takes a long way to replace fiat currency. but we have been shown something extraordinary this year with the fantastic rise of bitcoin. that way more and more people will adopt bitcoin, and on the other hand this moment proves that even the government can't seem to stop bitcoin |
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Why worry that it fades away? Long as people are working on it and the people are using it, bitcoin won't fade. Plus it's not something that we should worry about because the moment that it fades, most people in this forum are all probably dead or too old to even use their own bitcoins wisely. It's indeed great but we don't have to worry too much about it.
I agree, as long as people work on and for Bitcoin, it will be around! And I still think all this is just a beginning, when you think about it, Bitcoin and crypto are around for just a little over 10 years, and it's not like we conquered the world, there's still a lot of space for growing, a lot more people/companies who can/will get more involved... It was a great ride until this moment, and I believe that ride is far from over! We have seen new heights, now a little step or two back (in terms of price), but sooner or later we will see a new rise and I am sure we will see new heights! with the moment that happened at the beginning of this year, it makes us optimistic to look at the future. with the new bullrun and ath that happened yesterday, making more and more people adopt bitcoin, of course they are from various backgrounds, even big companies are starting to use bitcoin, even though it is practical as an investment tool, but at least this year's development is very meaningful |
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In the near future, it will. As trees are slowly depleting, and more plastics are being used in fiats, I could see a future of digital currency for all over the world. I just couldn't see what cryptocurrency could ever be used in the future. I can't see it as bitcoin due to its max supply that can't be used by almost 10B humans by 2050.
There is actually enough bitcoin for everyone. After all, it is not necessary to use whole bitcoins as a payment. If you use satoshi at the same time, then this will increase the volume by a hundred million times. This amount of bitcoin particles will be enough for everyone. But I'm not sure that bitcoin can be used as the main money of the state, primarily because of its high level of volatility. In this regard, the experience of El Salvador will be very valuable. In general, I do not think that decentralized cryptocurrency can replace paper money as a means of payment. for now it seems bitcoin is difficult to replace fiat currency, even almost all countries have not been able to legalize it to be used as a means of payment, let alone to replace fiat currency. but in the future, I don't think anyone knows what it will be like, because replacing it will certainly be a long process. at least now elsalvador has started so that we will grow optimism in the future |
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I bought bitcoins from campaign results in 2018, probably around $11k at the time, and I sold kerarine for around $50k, and I think it's a sweet wait, as my assets have increased by about 4 times. certainly makes a very good record, which within 3 years has achieved an extraordinary percentage increase. and this time I started to buy it back but gradually
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One of the worst things to ever do as an investor is to just holding your assets/investments until you die.
Never selling?? Are you sure about that?? If somebody here will follow what he said then stop investing.
Many people don't sell their Bitcoin because they are always waiting for it to hit a higher price, so as to make big profit. For example, someone will buy as $33k, and will want to sell when Bitcoin hits $100k. I don't see any reason why someone will hold him/her Bitcoin for a lifetime.If one don't sell, how do you intent to make profit? possible to pass on to their offspring. I don't think it's impossible for that, with his current savings maybe someone buys some bitcoins, and he won't sell them, but he could be financially preparing for his child's needs when he grows up, and maybe he wants his child to be able to feel financial freedom later . but for someone like me, of course I will sell it when the bullrun occurs, and I will diversify it into other assets |
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The richest investors in the world definitely choose bitcoin as their favorite crypto currency because bitcoin is the first crypto currency created by Satoshi Nakamoto and bitcoin is also a cryptocurrency that is liked by everyone because the price of bitcoin continues to rise from year to year. In some countries also have accepted bitcoin as a means of payment and there are also some applications that use bitcoin as a legal tender.
For investors, of course, seeing the opportunity for bitcoin, they will be interested in making it the main investment tool in cryptocurrency. although it has great volatility, but bitcoin is a safe investment in my opinion. we can see from the beginning until now the graph has always been uphill, and it is very likely that this will continue to rise as more people adopt it |
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for now I think it's better to keep it. unless you sell it when the price peaked yesterday, maybe we will get the maximum profit, and now is the right time to buy back. but if we didn't take profit yesterday and still hold it today, then the best option is to hold it until the bullish trend occurs
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The advantage of trading over investing are 1. low risk of getting scammed by new token 2. easy assess to your coin and the worth 3. It prevent loss of asset due to swapping 4. It allow you to learn more about various tokens (It is just like sport gamblers  they know a lot of countries) Disadvantages 1. Trading involve technical knowledge of trading tools, trading terms, graph and data analysis 2. It is time consuming 3. Risk of loss in case of exchange hacks (Cryptopia is still fresh in my memory lost a few coin) the drawback of trading in my opinion is that we must have skills in trading. this is something that not everyone can do, maybe we can make money every day, but time, energy, and mind have to work every day to analyze the market, unlike investing where we have a lot of free time to do other things |
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Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Because thanks to blockchain technology unlike fiat currencies, is decentralized and it don't get hyper inflated the more fiat inflates the more price goes up This is exactly the point why bitcoins are so attractive. The supply is limited and no government in the world can just decide that it wants to print new bitcoins. With crypto currencies we are independent of the monetary policies of large countries like China or USA. Any investor who is scared of inflation can invest in crypto coins to protect himself. right, with limited supply, lots of advantages in it. especially now that bitcoin is only accessed by a small number of people on this earth, you can imagine if half of people need it, in the sense that many countries have legalized it. Of course this will provide benefits for current investors to achieve financial freedom. but indeed we have to be patient because no one knows when that time will come |
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if the whales can control the movement of bitcoin, then I think having bitcoin in the majority can make them seem to be able to do anything in the crypto world. on the other hand if we can know their movement, then a little honey we can feel. we know the supply of bitcoin can certainly decrease from year to year, and from there the whales will be more free to move
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I don't understand women's investment at point 4. I think if you mean playing with women, this behavior can drain all of our assets. In this life, many men are looking for life satisfaction, including wealth, throne, women. and many cases of a man who went bankrupt because he couldn't get through this ordeal. therefore we must be able to control ourselves so as not to be trapped in this hell
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this can happen in the crypto world by manipulating the market, for example, they buy in large quantities with the money they currently have, with this, the price will rise, but we also have to be careful if one day the price is too high. will decline in a period of time that we cannot predict.as happened to the previous decline in the price of bitcoin bitcoin
besides having a lot of capital, I think by having a large community they can launch their activities to pump up the market, by spreading news that is full of hope. it is at this time that we as small fish must be good at using time so as not to be affected by a sudden drop in prices, and if we are late then it is not impossible that our psychology will be disturbed |
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to store tokens on bsc, I think it's safe to do, considering this system is from binance, where binance has a good reputation as our experience. Moreover, many new projects are currently based on BSC, with low fee facilities, I think BSC is worthy of being used as a personal wallet.
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this depends on which coin or altcoin we will choose to invest. maybe certain unpopular altcoins will pump in that time, but those new altcoins can also crumble to ashes. but for me long term, I prefer long term safe altcoins like eth and bnb. choosing a new altcoin for the long term I think is like gambling, if we research it wrong
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