If you think trading is easy and everything is about profit, you are not worthy, as for people who are successful in trading, they take great pains to gain technical knowledge and analysis, everything does not happen instantly, of course they have also suffered losses, if If you want to be like them, you also need large capital and are ready to lose
Well, it's a good idea to look for income elsewhere that is more stable, while trading. When you have gained a lot of profit from trading, you can focus on developing the business you have to create a constant income every month, so you can focus on trading. That's better than planning to dive straight into trading without having another source of income. That's because trading is a difficult thing, and it could backfire on you, you don't make a profit there, and you get a loss. If that becomes your main and only job, then it will be difficult for you to make ends meet. Maybe many professionals focus on trading, but I am quite confident that they have sources of income elsewhere. Well, if not, then they are really taking a big risk. |
|
|
|
I'm waiting for my February salary to come so that I will add it to January salary to buy BNB because, that is the only altcoin I will like to buy in this period since I have invested money on BTC waiting for the real bull to occur before I can sell to make a good profit.
I will not advise people to buy Ethereum now because the price has increased higher for those that invested to begin to achieve some positive changes in their profits, but if you want to invest in this period, just embrace BNB and you will make some good at the end.
well, most of us are currently accumulating as many assets as possible, especially for the altcoins that have become our choice. Personally, I also want to collect ethereum and BNB at this time. Apart from bitcoin, I am very confident that these two coins will be able to have the same high prices as before. Currently collecting little by little, using the DCA method, and other methods to increase investment are very necessary. Some people may have taken advantage of this moment, but I plan to continue collecting as many assets as possible before the halving occurs. |
|
|
|
Yes, Ethereum is the best coin among other altcoins after Bitcoin. And the current price of Ethereum is approaching 3K which I think will exceed that price in the near future, and for high transaction fees and if you don't really need it, it's best not to make transactions. And another reason is because the price of Ethereum will be much higher following the movement of Bitcoin.
And I personally only own and also trust Bitcoin which is always my priority and some Ethereum and also some other altcoins in small amounts that I can't mention.
Well, I think ethereum has always been the choice after bitcoin, which means that after bitcoin, the most trusted alternative coin is ethereum. Well, the current price development is a very good response to the resistance, even though it is still quite far from ATH, but I think now many people are preparing ethereum in their wallets. Besides I believe in ethereum, I also believe that this coin has a very good future and has a high price. I have benefited from ethereum several times. |
|
|
|
Easy answer, saving isn't giving you profit, it only gives you the same amount that you can pull out whenever you need it in the future and saving is vulnerable to inflation especially if it's the piggybank kind of savings meanwhile with investing although you're risking the money because it grows or regress depending on the value of the investment but the point of investment is that the savings is growing and giving you a profit so totally agree with prioritizing investment over saving but the only advantage of saving in this comparison is that, you can pull out savings anytime as for investment, either you pull it out prematurely resulting in small profit or loss because you happen to pull out the investment at the time when the value of the investment was tanking or lower than your initial entry to that investment.
Apart from that, saving always has problems with inflation. So, the value of your savings could decrease without reducing the amount. However, with investment, we can generate additional income at any time. However, I also think that it would be better to prioritize investments because they can be a very good thing when we have entered old age, or perhaps retired. The investments we make today can be a new source of income, and in fact, in many cases, people who focus on investments have much more income from investments than from their main job. However, investing is a very good thing, but we also need to save because we don't want to sell the investments we have when we need money in an emergency. at that time, savings are very necessary. |
|
|
|
|
Yes, most investors who save their money in the form of altcoins are definitely looking for profits. I think this is an aspect of all investments. After all, the goal of investing is to make a profit, whether fast or slow. In fact, when we buy gold, or anything with investment purposes, the goal is profit. hold it in the short or long term or the person's choice. So, I would also say that chances are, most of the people holding altcoins right now are expecting quick and big profits.
|
|
|
|
|
well, I'm pretty sure that they are really diligent in learning how they can earn money from one source of income. People may show off their accomplishments and accomplishments, but they rarely show off their failures.
I also have the same story as you. I see people making quite a lot of money from just one source of income. However, when I tried it, I got something very different from what they got. With this, I came to understand that they did not achieve this in a short time.
If you want to imitate them, or want to develop a business to get big profits, then you need to persevere and keep learning.
|
|
|
|
Am new here,but all have seen is about crypto and recently I got interest in it but am a bit confuse wether one can use same strategy,and approach used in trading forex Strategies might slightly differ, but the principle is the same. Crypto market movements are highly volatile, so you will need to adjust a lot of things such as risk management strategies and take profits And how can one become an affiliate in altcoins for exchanges,and also hold some Bitcoin for long runs maybe 2 yrs Affiliate or referral links are available in your account once you sign up on a crypto exchange, What really differentiate forex and crypto in terms of it approach,is the volatility same. Crypto markets are highly volatile. Please start with little money you can afford to lose as you get to learn about crypto markets. Starting with small capital will be better to know the difference between forex and crypto. This is the quickest way to see the difference. Apart from that, in crypto, there are many choices of coins, I recommend choosing Bitcoin or popular altcoins because quite a lot of altcoins require in-depth research and analysis before buying them. Even though they look the same, you will see the differences when you start to enter the crypto market. |
|
|
|
do i need to an expert in trading before someone will be successful.
basically yes, you need it. without it, you will not be able to analyze accurately and in depth how to trade well. There are so many ways you can learn on the internet. The tips that people give will be good enough to deepen. Besides, becoming an expert in trading requires experience, so after learning these tips, you need to do it straight away. However, I recommend using as little capital as possible, so that if you make a mistake, you don't suffer a big loss. That way, sooner or later, you will probably have your own trading strategy. |
|
|
|
-snip-
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Actually, I prefer to choose a small risk, and choose to start a small business while trying to expand the business. However, I will take the risk if I see that the opportunity is big enough to generate additional profits, that's why I still make cryptocurrency one of my focuses to date. Apart from that, I still try to run a business and develop it. However, the risks I take from other opportunities I see, I will make sure that they will not have an effect on my life or the business I run. |
|
|
|
$3k has already been briefly exceeded. However, we are still more than 30% away from the ATH (around $4,700 depending on the exchange). Bitcoin is closer to its ATH in percentage terms, which means either Bitcoin is overbought or Ethereum still has some catch-up potential. I also think that speculation about a spot ETF in the near future could push ETH up quite a bit.
Well, if you look at the ATH, ethereum is still not far enough from its current price, but little by little, I think ethereum can reach that price, just like bitcoin. Additionally, I think that this is the beginning of a price increase that could become very high. We know that the Halving hasn't started yet, but the price of ethereum has started to recover and is almost reaching its ATH. It is possible that, after the halving, ethereum will be positively impacted by the market, and the price could be much higher beyond its ATH. However, I feel that currently ethereum's movement is still quite good. |
|
|
|
|
Bitcoin's potential is still huge today, and it's never too late to own it. I agree with those who see that opportunity still exists. When the price of bitcoin rises like it is now, people will feel that it is too late to own it, but when the price of bitcoin falls, that feeling will remain the same, and see the risk because the price of bitcoin continues to fall.
However, in every situation, there will always be doubts about buying bitcoin. Personally, I see this as still an opportunity before the halving occurs. I'm pretty sure a high price will really be achieved after that.
|
|
|
|
|
at that time there will always be people buying bitcoin. We can take this question back to the past when the price of bitcoin was still in the range below $1000. at that time, who will buy bitcoin at $50k? At that time the value of $50k was still very high, but now the potential price of Bitcoin could even reach $100k. At that time, I feel that there will be people who will buy bitcoin for $500k. If the price is stable, then many holders at that time believe the price of bitcoin can reach an even higher price.
|
|
|
|
here's my answer to your title: Altcoins rofit or bank profit, which best?
It ultimately depends on individual investment goals, risk tolerance, and market conditions. Altcoins can offer higher potential returns but come with increased volatility and risk. Bank profits, on the other hand, may provide stability and security but typically offer lower returns. Diversification across both may be a prudent approach for balancing risk and potential reward in an investment portfolio.
Well, basically it's just investment selection. Most people who want to make a profit with little risk will choose bank profits. I find this a lot in people who are almost retired. Their goal is to earn income as a percentage of their savings. I also get this a lot from people who recommend investments. However, profits on altcoins are greater than banks, but they have big risks, and can even result in losses. However, it is very effective for people who have not too large capital. |
|
|
|
|
well, it is true that people who hold bitcoin in the short term, will not make huge profits. that's because the price of bitcoin is currently very large, and even an increase of under 10% is still quite small. If you want to wait for profits above 10%, it might take quite a long time.
However, I have also tried this, but because the profits I got were small, I switched to using altcoins for the short term, especially altcoins that have low prices. it would be great if we utilize altcoins while collecting bitcoins. it can be a good investment over a long period of time.
|
|
|
|
The mindset one comes into a thing matter so much. It might be the very thing that would make you or reduce you. You might have a mindset of profit making and that’s the absolute idea you should have about it but, how you go about trying to bring this to a physical manifestation in your trades matters.
Some might just go about their trades without proper orientation and no prior knowledge on how the market works, what indicators to use predict the market, how to make analysis and when not to be in a trade. The drive that every minute spent outside the market is you loosing money pushes you in and then, your met with unavoidable loss which then ruins your confidence about any profitable trading.
The thing that many novice traders or people who trade forget is that there are many conditions and understandings that need to be thought about before trading. Many people feel that it is just buying and selling. However, when they feel that it is not just buying and selling, they quit trading because it is difficult. It is true, that trading is only based on buying and selling, or vice versa. However, they sometimes forget analytical patience, and in-depth research is also very important. As a result, they choose a random time to enter, without doing any analysis, they choose the token or coin they want. then wait, just a few days or weeks. After that sell their assets, and exit trading. I've seen quite a lot of people like that |
|
|
|
|
personally, I would prioritize both. We know that the benefits of saving are many, in fact it will be very useful in unexpected times, such as needs that we suddenly have to fulfill, and other problems. Besides that, saving has very good benefits for the future. Many people have proven it.
Unfortunately, saving alone is not enough. We have to put aside a few percent of the income we have to invest. This will make us continue to improve our financial situation. In fact, with investment the goal of financial freedom can be fulfilled. However, I think investing without saving is lame. I often find this in people who suddenly need emergency funds, where they are forced to sell their assets because they don't have the savings to meet these emergency needs.
|
|
|
|
|
If we look at the current price, then the current price is very close to $60k, which means, it is very possible for Bitcoin to reach $60k this month. After all, we only need a small push for bitcoin to reach that price, and it looks like the halving could be the trigger for that. After the halving, the price of bitcoin will probably rise much higher, so now is a buying opportunity, and if the buying impulse is huge by the end of this month, then I think it will be very possible to reach $60k.
|
|
|
|
|
Well, since ancient times, saving has been important. This could be aid funds for urgent needs, or things we don't know about. However, before saving, we should first improve our money management strategy. I once read an article that no matter what your salary is, if you have bad management, your salary will disappear very quickly. So, I also suggest trying to manage the finances we have. This is an important foundation for saving money.
|
|
|
|
Hi guys, do you think investing in altcoin futures is a good idea? Which altcoins do you think are best for this? I appreciate all the help  If you are new to this, and are interested in investing in altcoins, then I suggest choosing only popular altcoins, especially ethereum. I think that ethereum is the best altcoin at the moment. If you invest in ethereum, I think the risk can be smaller than other altcoins. However, if you are looking for a slightly cheaper altcoin, then the choice is BNB. I still feel that BNB is a potential altcoin to this day. However, if you are looking for an altcoin investment, I do not recommend new altcoins. Without experienced people beside you, the risk of choosing a new investment is very risky, and may have a good or bad impact in the long term for you, because this is an important experience for choosing initial investments. |
|
|
|
|
I always thought that XRP was one of the popular altcoins that had a slow price increase. In fact, the last time the price of XRP reached its price was quite a long time ago, and until now the price is quite far from its ATH. In fact, when the bull market occurred, it was still quite difficult to think that XRP could exceed its ATH, because since 2018, several bull markets occurred, but XRP was unable to get through it.
However, nothing is impossible in the world of crypto. If there is potential for XRP to reach its ATH and exceed it, perhaps it will take a long time, or it may be positive news that we did not expect.
|
|
|
|
|
Show Posts
