It is only those who are new to bitcoin that will still doubt bitcoin to this point when it is obvious that bitcoin will always bounce back no matter how low it goes. The last bear market actually tested the faith of many people but in the end, bitcoin bounced back stronger and better and that should show that bitcoin has come to stay. Even though jumped into the market at the peak of 2021 bull run were in good profit this year when bitcoin reached $73k, so it is just a matter of holding and never to panic and sell.
You are right that when someone is new to Bitcoin and does not have a good understanding of course this will make them unable to invest in Bitcoin and also they will be hesitant to hold on to their Bitcoin when the price declines after they buy it, but if they understand it well they will This investment will certainly not be easily affected by low prices and if they have sufficient funds, they will of course try to take advantage of the opportunity when prices are decreasing to be able to buy as much as they can and hold on until prices increase again and this will benefit them.
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All is well but another food is not mentioned and that is the food of the mind. The food of the mind is the joy that comes from working for people and spending for people. In other words if you spend money for the service and improvement of the helpless and distressed people of society or to put a smile on their faces you get a beautiful satisfaction in the mind. But nothing good will come of this wealth acquired by those who are obsessed with money and are addicted to making money. Again there is no opportunity to destroy your health to earn money.
When someone has good thoughts of course they will always feel happiness in various situations and if you can help other people, especially the people we are going to help really really need help and with the help we provide they will be very happy and so will we. will feel happiness that they have had the opportunity to help them because not everyone can help other people even though that person has enough money to help other people and for those who have become addicted to the wealth they have of course it will be difficult to think about their health so that after experiencing new health problems they regret having worked hard without thinking about themselves.
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I believe it’s a wise idea following a certain plan when it comes to spending on your own children, thus the chances to spend above your means will somehow be avoided, except for sudden unforeseen expenses that you can’t just ignore but still find ways so you can provide those emergency needs of your children. I guess that’s the duty and obligation of us parents, that even if it means getting into debt just to provide them won’t matter for us at all. Their life is our priority, so as much as possible we should offer them what’s best for them in order to prepare them for a brighter future.
Having good planning for children is very important and as parents will certainly try their best to be able to spend all their children's needs well and in the case of sudden needs of course each person cannot know about this and it would be better if we could have savings for these needs so that they do not interfere with the needs of children so that they can fulfill their needs well and I really agree with you as parents of course they must prioritize their children first before their own needs because with all their children's needs being met of course as parents they will really feel happy when they see their children succeed.
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As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.
Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time. You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time.
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Buying in dips makes you gain great advantage in the market, no doubt for that. However, spending all your capital and putting all your eggs in a single basket makes it more risky on your part, knowing bitcoin investment do not give immediate profits but will take long term hodling first before you will see significant profits taking place.
In fact, you might lose at first before you experience those massive profits in bitcoin, that is if you end up panic selling because you have fears that bitcoin price will drop even more when price correction is taking place temporarily in the market.
Everyone will of course think as you said, of course we will be able to make a profit if we buy it when the price is decreasing and we will be able to make a profit when there is an increase and sell it, but we must be able to set limits so that we don't miss the opportunity to make a profit and if we choose to put all the funds we have in one place and we cannot hold them for a long period of time of course this will be detrimental to us when we need these funds and the price has not increased of course we have to take them and this could result in us experiencing losses or However, it is difficult for us to profit from this situation, so it would be better for us to invest funds according to our ability to survive for a long period of time to be able to look forward to profits and not experience disruption in holding the investment we make.
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Hi everyone, I'm still learning about crypto currency and the lots but I wanted to share a conversation I had with a friend.
So she's been hesitant to get into crypto, and I was trying to convince her to give it a shot. But she's particular about the risks involved.
She said something that stuck with me, 'I don't want to play a high-risk game with my money'. And I get it, the thought of losing your investment in this economy is terrifying.
But it got me thinking, is investing in cryptocurrency really a risky game?
You making mention of cryptocurrency which encompasses both altcoins and bitcoin. Does your friend knows any difference between altcoins and bitcoin because a whole lot of people are so ignorant about this difference risking their money with shitcoins only to get dump or rug pulled and all you hear is that it's bitcoin that's because it's the most popular cryptocurrency in the world. It's a risky game when you're investing in altcoins but a risky investment when investing in bitcoin. Bitcoin investment isn't a game. For some beginners, of course they don't understand crypto well so they will just be afraid to start, but when they can take the time to learn about investing in crypto they will certainly be able to differentiate between Altcoins and Bitcoin and for those of them they choose to hold shitcoin assets of course. they have put their money into very risky assets and it would be better if they chose to hold Altcoins. You must really understand these assets well and don't do in-depth research on an asset that you will hold to make a profit. and choosing to be able to run both assets will certainly be better.
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All jobs have their own risks and challenges. However, in the current digital era, many young people are starting to take advantage of opportunities to earn money because this kind of work is liked by many young people because it is not boring and not tied down. This is not something ridiculous, we have to take advantage of the opportunities we have, we have to adapt to technological developments, let alone be able to make money.
Traditional work will certainly be very boring for them because they have to be punctual and disciplined, unlike freelance workers, they have more freedom to divide their time according to their wishes. However, traditional jobs will still exist because there are still many people who need them because not all people can take advantage of technological developments. I agree with you, perhaps as time goes by traditional jobs will start to disappear not because there is no demand but because of the development of AI which will ultimately replace human jobs by AI.
If you have been able to take advantage of the opportunities that exist from current technological developments, of course this is very good because not all young people can take advantage of the opportunities that exist and they only regret it when everything has been missed and they can no longer repeat it to be able to get the same opportunity on another occasion. I think there are also types of traditional work that we can manage our own time and in terms of discipline, of course all types of work require discipline if you really want satisfactory results, and I don't fully agree with you that traditional work will disappear over time and be replaced by AI, however Traditional jobs will still exist, as you said, not everyone can take advantage of technological developments.
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As per my parent's decision I invest in Bitcoin but currently Bitcoin has moved to dumping position so my investment has suffered a lot of losses. Less educated and less informed parents are currently upset about my investment. But I am trying to convince my parents that every investment has risk and long term holding will definitely result in loss recovery.
They will be upset when they see the price of BTC goes down just after that they have bought. But as you have said, less informed will be scared of the situation and if you are not one of them. You will teach your parents that at the time like this, it is the best time to buy when the markets are falling down. It would be better before they ask their parents to invest in Bitcoin which is very risky, they can first give their parents the best understanding so that they don't panic when they see the price decrease after buying it, of course this is very disappointing for them because they are afraid of what will happen. Those who invest cannot feel any profit and for some people who have a good understanding of Bitcoin investment, of course they will take advantage of this downturn as an opportunity to buy and look forward to making a profit when the price increases again. However, if they have given their parents an understanding and do not choose to invest in Bitcoin, it would be better for them not to force their parents to invest because of course they have their own reasons or they have felt comfortable with what they have invested in since they were young.
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If someone intends to invest in 1 bitcoin now, then it is quite risky, but when the price reaches $100k, it will make the investor very happy. However, if you are hesitant about investing a large amount at once, then someone can use the DCA method, or buy it little by little but consistently. Many people are hesitant to buy bitcoin because they are afraid of the volatile prices that occur. yeah, I feel that way. However, if one is confident about the future development of bitcoin prices, I think doing the DCA method is the best.
When someone still has doubts about investing in Bitcoin, I don't think that person has a good understanding of how to invest and how Bitcoin works so that they can make a profit from investing in Bitcoin and if they can understand well how Bitcoin works, they will certainly be able to do it. investing according to their abilities and not forcing themselves to invest beyond their capabilities, of course this will be detrimental to themselves and they will not be able to make a profit. Using the DCA method as you mentioned will be very easy to do and we only need to set a purchase date according to what we want and continue to do it consistently and for some people there are those who make purchases at once so this will benefit them if they know the right time to buy it, but this is difficult for us to do if we have little capital.
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Most people think that ignorance is what caused them to miss the opportunity to invest in bitcoin early on, but I am sure that even if they had understood, they would not have invested at the time. Simply because even Satoshi once said that bitcoin could become very big or could become nothing, even he had no guarantees about the future of bitcoin. Therefore, it was inevitable that people were afraid and had no faith in bitcoin in the early days. Therefore, it can be said that in the early days, people did not dare to invest in bitcoin because of fear, did not dare to take risks and did not believe in bitcoin, ignorance is not the cause of everything.
We often see that those who do not understand well will lose the opportunity to invest, but if they are brave enough to take risks at that time they will certainly choose to invest with the risk of losing their money if what they invest in is not what it is today and in that case Of course the choice is very important and only those who dare to take risks have succeeded in making a profit now and indeed when Bitcoin first appeared, not everyone cared about it and dared to invest in it, so what you say is true, ignorance is not the cause of someone not daring to do it. investment, of course there are also risks that they must be brave enough to take so they choose to invest.
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As it is a fact that a lot of users here will surely advise to get a hold of bitcoin, better weigh your options here. It depends on your financial capability as both assets have pros and cons. Now, if you are serious in considering which one would suit you best, better laid out your options here. If you have more than enough, it is best to explore your opportunities in both assets. Do remember about the popular saying on investments - "Don't put all your eggs in one basket."
When deciding to invest, of course we have to be able to consider our financial capabilities because if we can only afford to invest in one field, of course it would be better for us to only invest in one field so that we can carry out the investment we are carrying out well because if we force ourselves to carry out two types of investments and we are not able to carry them out well, of course this will cause us to suffer losses on the investments we make. Of course this is not someone's goal in running an investment. You are right, it would be better for us to consider the type of investment we are carrying out because when we have a good understanding of the type of investment we are going to carry out, of course we will be able to get profitable results from that investment and this is the goal of everyone who invests. This saying is very true, but to be able to run several types of investment well, it would be better, we must first understand these two types of investment well so that we can run them well and generate profits.
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Yes, worrying will cause you to suffer losses. When investing, it is best to use money that is not actually used for daily needs. If you use it, it will certainly be a hassle for you because prices on the market fluctuate. Yes, this is the mistake of a young mother who needs money for her living. If I look at op's profile, with a fairly high rank, in my personal opinion op seems to be quite experienced in this matter, it's best not to ask again, this thread was created more than a year ago, it's different if a beginner asks, maybe he needs guidance from members others for their knowledge in investing.
Concerns are very often experienced by those who do not yet understand the investment they are carrying out well, but if they understand it well, they will certainly be able to calm down about the various conditions they are experiencing because they can have a solution to each condition they experience. When trying to make an investment, of course we have to have the right planning and also have capital readiness to be able to achieve the investment target that we are carrying out, because if we are not ready in terms of capital it will certainly be difficult to achieve the target that we have invested in and it would be better We first prepare capital before deciding to enter an investment.
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if you're thinking about helping a friend or family member get into Bitcoin, educate them. Make sure they know it well. Bitcoin has both up and down potential. Folks, this is a little rollercoaster. The possible benefits are huge, though, provided you do your homework, are familiar with the technology, and are aware of the dangers.
Dont be a salesman. Never press them into anything they're not comfortable with. Let them make that choice. You must keep their trust, that is the most significant. Tell them straight out about the benefits and risks involved. Thats how you build strong relationships, whether the investment goes up or down. Remember, folks, its not just about the money. This is all about connections, trust, and doing the right thing.
Educating someone who has plans to invest in Bitcoin is indeed very good, but they must first have the desire to learn it well because if they don't have the desire to learn, of course we will teach them in vain and this will be a waste of our time. have, but if they have the desire to learn then we must be able to teach them in detail about investment so that they don't make mistakes that can cause them losses on the investment they will carry out and it would be better for them to be able to make their own choices after we explain about the investment and never force them to do things they don't want to do.
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Of course it's all about money because we now live where everything depends on money and from what I see, those who don't have money now are often ostracized and even have their dignity trampled on, therefore with this forum, all groups can start and can help their economy from little to become what they want, therefore, it is better to read and deepen the knowledge contained in this forum.
When someone doesn't have money of course it will be very difficult for them to be able to do whatever they want and although there are things that can be done without having money of course it will be very unlikely to be successful and as you said is very true in a group of course Those who have little money will find it difficult to give their opinion because everyone will not listen to them, but those who have a lot of money will certainly be able to easily be heard because they will be able to provide assistance in the form of funds if it is really needed and this is not possible. can be done by those who don't have much money. In this forum we will be able to gain a lot of knowledge and there are many things we can learn to be able to make our lives better than before. Of course we must be able to try as hard as possible to be able to change in a better direction than before.
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If he doesn’t seem interested in the same business then he shouldn’t delve in the business. At least for a while, he can hire a manager if he’s not good enough to manage it. When he wishes, he can discuss with his mother about not wishing to continue the business and follow his own path. They can come up with a way to reshape the business or he could leave the business for her and go chase his own business. It’s important he doesn’t force himself into doing what he doesn’t wish to do because the end product is usually a reflection of the person and their passion.
Choosing to run a business that we don't like is indeed very appropriate because no matter how difficult it is for us to force ourselves to learn it will not make us like it and this will be very detrimental to the business and if we choose someone else to be able to run the business it will certainly be better, however I think we have to be able to choose someone we can really trust because if we choose the wrong person who will run the business, of course this will cause us losses. You are right that it would be better not to force ourselves to run a business that we really don't like and if it is possible we can look for a business idea that we like and start from scratch and the business that is already running will continue to be run by relying on people we can trust.
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Or maybe, their government is not giving the appropriate incentives to its farmers? Because if the farmers are happy with their harvest and they can get more than enough from their farm, I don't think they will go for other options that are out of reach. Because people will only find alternatives if they feel they are not getting what they deserved for their harvest. Let us accept the fact that working in a farm is a tedious job. So if the government has no programs to support their livelihood, definitely, they will find a way how to sustain their living.
If the government does not think about the fate of the farmers, they will really try to try other things that can benefit them, because if they continue to force themselves to survive in an agricultural system that cannot benefit them, this will mean that they will not have any benefits. so they have to think about changes for themselves. When farmers consider agriculture to be a boring job, of course they don't have any support from the government either in breeding or selling the crops they produce and if the government doesn't pay attention to this, of course the farmers will try to look for other alternatives to earn income.
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from the situation of a beginner who learns trading and loses in the process of learning to trade. those who have the motivation to correct mistakes will certainly try again. as said there will also be those who end up exiting the trade with a loss. and there is another possibility, where the novice trader will continue trading without correcting the mistakes that have been made. some novice traders are unaware of mistakes and what to fix. so just continue trading. it's like falling in the same hole. quite a lot of traders experience something like that. they consider trading like a lucky bet. If they continue, they won't get anything.
When they still have the motivation to correct the failures they experienced, of course this will be very good, but they must really go back to studying and correcting the mistakes they have made to get profitable results in the trading they do, if as beginners they don't know things that they have to improve when they experience continuous failure, it would be better for them to think about other alternatives that they can do to be able to make a profit, such as trying to invest, because if they only consider trading like a lucky bet, I think this will be very unlikely. we will be able to make a profit on the trades we make.
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If you are planning to be a trader, then you should be ready to learn and risk your money because trading requires constant learning and practice. If you are practicing, then you are going to be losing money, so before you put your money into trading, the first thing you should do is to accumulate more knowledge about trading and discover the strategy that you will want to be using. Also, as a beginner trader, make sure you deposit and trade a small amount of money because you might likely be losing money in the process of learning how to trade, so the more you keep on understanding it, the more you can increase the amount you will be trading with.
Studying trading and continuously practicing will of course be very useful for us when we want to get good results in the trading we do, but we must be patient in every process of learning to trade because in trading we will of course suffer losses due to a lack of understanding about trading and We must correct these mistakes by continuing to learn and try to correct these mistakes so as not to repeat the same mistakes when trading. Using small capital when first trying to trade will of course be very useful because we will be able to return to trading when we fail at the start because everyone who tries it for the first time will certainly experience losses and with the small capital that we bring of course this It doesn't burden us to try again when we fail on the first try and we must be able to correct this and try again until we become experts in the field of trading.
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Sure. Knowledge has a big role to make the decision. If we have good knowledge, we can be easier to make the right decision. So, it is not so difficult to make profits. But if we have lack of knowledge, how we can make the right decision? The decision will always depend on the knowledge. That's why it is very important to keep learning although we already traded for a long time. Sometimes, the market trend changes, we must consider more factors to make a decision. If we stop learning, we may have no improvement in our knowledge. So we may make the same mistake in making the decision.
With knowledge of course it will be able to make a person able to analyze first before they decide something in trading, but patience also plays an important role in being able to make a decision carefully in analyzing the right time to enter trading because if we make a decision in a hurry, of course we will not be able to make the right decision and that will result in bad results that we will get from the trade we do. I agree with you, even though we have good experience in trading, we should continue to learn about trading so that we can know all the changes that happen in the market and we are prepared with the knowledge we have and will still be able to make the right decision for our trading. but if we stop learning, of course it will be difficult for us to keep up with the developments that are happening so that we can't analyze well and we can't make the right decision either.
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Most of the time to become rich is not just a matter of luck, but most of it is the result of hard work and smart work. Therefore, there are many successful people who usually work harder than most people. On the other hand, whether it's investment or real work, it's basically the same, it requires a hard process, even by combining the two, real business and investment, both require a lot of effort.
In my opinion, to be able to make someone have a lot of wealth, of course they have to work hard and not easily give up on what they are doing and it is absolutely impossible for someone to get wealth easily without working hard and if only they could get this wealth, of course they would have done it with an illegal method and even that will not last long because what they are doing violates existing rules. You are right, in various fields of work it certainly requires a process and we must have a good understanding of what we are doing to be able to carry it out well and if we experience problems in what we are doing of course we must be able to solve it well and if you are able to carry it out real business and also investment, of course this will easily make you rich.
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