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The most important thing is to understand needs and desires, so that the income we have can be allocated to saving, it would be even better if invested, so that we will get a profit from it, especially if we are still young, so we still have a long way to go in planning the future, as well as maybe we can prepare, while we don't have much to spend on, therefore financial management must be done well
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Your bitcoin plan is correct but it was implemented in February 2024. Because the price of Bitcoin rose to the highest level and set its new record in 2024. Looking at the Bitcoin price we can definitely see a bull run, this bull run will continue until the halving. And peak ATH will begin the big bull run in 2025.
If everyone has seen that the price of Bitcoin in February 2024 has passed $50K or will continue to go to $53K, that means the distance between the current Bitcoin price and the ATH price that Bitcoin has reached in 2021 is getting closer so there is a possibility that in this year Bitcoin could create a new ATH without having to wait for next year to see it. Because when Bitcoin's price has crossed the $70K range, everyone has to say that Bitcoin has made a new ATH with a very perfect increase so far. Apart from that, everyone may also be aware that currently there is no too deep price correction in Bitcoin so it has made it easier for traders to take opportunities and profits through the market. if we assume that if bitcoin reaches more than $70k, then I think we are ready to take profits, and leave it if we reach the highest peak, with the formation of a new ATH then at any time a crash could occur considering that on the left there is no resistance as a price reference will be taken. Hopefully that happens this year so that there will be more new rich people who have been waiting for the previous bearish season to form |
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Lately, I have noticed in most crypto groups I'm in, many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.
You are absolutely right and I think 60% users prefer free airdrops over trading even if airdrops give small amount but it's free and no risk of losing. I have joined more than 10 airdrops channels where number of members are more than 10k and except 3-4 member all other members just looking to farm free airdrops including ecosystem and exchanges airdrop. I also prefer free airdrops because I lost more than 3k$ once in trading and after that I gives full attention to free airdrops and fortunately I made a very good profit from these events. Trading is fast way to earn but you need a very good amount so in case of losing you have a chance to recover. I think it's because it's free and there's no risk that makes people choose to participate in airdrops, rather than trading. Most people who are still learning have to master complex knowledge, so that if they make a mistake they can lose until their capital runs out. but it is not uncommon for people to seek capital from airdrops to trade so that their psychological burden in trading is lighter |
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Yeah , was being fooled by a friend lol. I was being lured to invest in shitcoins using my Bitcoin saying that it will grow much higher in a week but after a week the project is scam and we are victims  Anyway I have no regrets because it is my choice and we lose together so thats fine. It's great that you realize the mistake you made personally. Such a case is already worthy of respect. There aren't many people who can do that. Well done. It's a pity, of course, that you lost money on investing in an outright scam, but it's not the end of life. You still have time to understand a lot of nuances in this crypto direction and the investment process. The most important thing is to keep your hands up and move forward, despite the obstacles and difficulties that arise on the way to achieving your goal. Mistakes can be very valuable lessons, just like me when the shitcoin I had soared, my greedy soul emerged to keep holding it, until finally the coin was delisted and I lost something I should have taken. However, regret is useless because remembering that it will not come back, so I can use this as a lesson so that I don't repeat the stupidity that I have done, and of course greed will never win. |
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I remember those discussions I had when Bitcoin was making its movements and the skepticism in the air.
I will hold on during the dips and not panic, I know that during these times the market weeds out the weak hands.
I keep a long-term perspective; I am on the journey toward a potential new ATH that keeps the excitement alive. I hope my patience and strategic buying will indeed pay off, patience is also indeed a virtue in this space.
As long as what we hold is Bitcoin, there is no doubt, even though the risk will still exist. Patience and determination are the main keys in waiting for the bullish season to come, because no one will know for sure when it will come, it could be sooner or later than our predictions, but what we need to believe is that it will definitely come by forming a new ATH, so we must be able to strengthen our hearts |
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as long as we understand the characteristics of the bitcoin market, I don't think there is a problem, you can make profits in a short and large time, so luck is on your side, but as long as we are in the world of cryptocurrency, then one day we will also feel like we have been waiting for a long time, so Don't be surprised later, because that could happen considering that no one knows where the market will move. However, one key is that later prices will experience a bullish season
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-snip-
-snip-I think in trading one should not use huge amount even he is an expert because trading is a risky field in which there is a possibility of losing money due to Volatility and unpredictability. Learn well, create your strategies, try to learn about using these strategies and then choose a less risky project which can make your start of trading better. Try thinking again about the first sentence in your second paragraph. The prohibition against using large capital does not apply to professional traders who have understood the market cycle with wise knowledge. They only think about and set priority standards for their trade. Additionally, professional traders simply require a degree of vigilance. Technically, even though they are professionals, they can still experience losses in trading. Using big money for traders who are still at the learning stage, I agree not to do it because the potential for loss is greater than profit. The larger the funds used, the easier trading will be, because with a small target percentage we can already get a large fiat nominal value. That way the level of risk is small and keeps your psychology healthy. Maybe the OP was wrong in what he said, if a novice trader is given large capital, it will be very risky, in addition to techniques that have not yet been mastered, have minimal experience and are still psychologically unstable. |
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Warren Buffet is a boomer after all. I don't think how he became successful would work at this time now.. or it might work but it's gonna take decades like how he did. so if you want some quick success then go with passive investment. or if you have enough patience then go with Active investments. Both have their risks so be careful about that. It would be better to choose between passive investment and active investment which can also be done together, considering that passive investment does not seem to require thought and activities that take up time and energy. Indeed, both have different levels of risk, but as long as we can manage it, the risk seems to be a friend that we can minimize. What is certain is that we here don't just imagine that this is a place where it's easy and fast to get money |
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The best time was at the end of 2022. But as it is impossible to know, the best thing to do is to buy little by little at an average price, the famous DCA. It is impossible to know tops and bottoms, they are always probabilities.
I agree, best time was at the end of 2022. Nevertheless, sometimes it is better to make a big one-time investment, unless you make it at the cycle top, but over time that might be better than DCA and for some there was a better time five years ago. At least before the haliving, you can buy at any price since there is no big rush and demand at the moment. It is not necessary to buy a large sum at once; many people now take a little at a time and thus save and In the future, it will be a good idea to increase balance. This is a better tactic than simply waiting for the best moment to buy. That only applies to those who were unable to purchase Bitcoin at a lower value. And yes, it's best to buy at any price now. There's no need to buy in bulk, just purchase regularly until the halving event. This way, we can still make a profit in the long run. Keeping in mind the halving event that is scheduled to take place within few months time it is good to go with buying as much possible. As said it doesn't mean you need to buy bulk or a complete bitcoin. We need to buy what one can affordable, and the same will give us the profit. Based on the investment will be the profiting. There are several advantages if we buy gradually during the bearish season, because we will get some prices that are possibly lower than if we bought with all the capital at the beginning. but from all that, I don't think there's any harm in buying bitcoin at any price, because it's just a matter of time and our psychology to be able to hold on until the bullish season comes. Many people are afraid to buy and hope that the price will go down again, but when the price goes up a little their psychology is disturbed, therefore I think buying gradually according to your ability will be better |
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So now the question is bitcoin safe from hackers?, can it be stolen?
Indeed, if we do not protect our private key or have a strong backup password, bitcoin can be stolen. If our wallet is not secure, hackers can steal our coin using many methods. We need to be careful when selecting a wallet to hold our bitcoins; we cannot store a bitcoin in a wallet that we don't trust because we may still loose it depending on the wallet we choose. We should stay away from any links we come across online as clicking on a link sent to us by scammers can give them access to our wallets. If we allow someone close to us to have access to our wallet while we are holding bitcoin, we still could get scammed. Instead, we should learn about bitcoin and keep it to ourselves, including those who have interest in it. Bitcoin is an online currency that may be stolen in many different types of methods. To keep our bitcoin safe, we need to protect our private key and use a strong password that is impossible for someone to figure out. Knowledge about Bitcoin really needs to be learned, remembering that this is actually the main key to our success, because if it has been hacked then we won't be able to sue anyone, this usually happens because of our own negligence by clicking on a link that allows other people to enter. . On the other hand, we can place our assets into several wallets, so we can minimize risk, There have been many incidents where assets were lost due to hackers, therefore it is important for us to be in forums like this to exchange information and learn knowledge about Bitcoin. |
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For me Bitcoin means a lot, besides dreaming of gaining financial freedom, with Bitcoin we also take part in the technological developments that are taking place. especially at this time where opportunities are still open to gain financial freedom, however, knowledge about cryptocurrency must also be studied before entering the world of investing or trading in bitcoin. In my opinion, Bitcoin investment is a smart investment according to current developments
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At present many new tokens added coinmarketcap. How I find a good and valuable token. I am afraid to buy a new token to see my family background. Can I continue trading or stop immediately or find a better altcoin. Please give me a suggestion. I want to earn more money for a better future.
If you have trading experience then you can go ahead with trading and if you don't have trading experience then you can stop because anytime you can hit your money. But I will never advise you to go ahead with new altcoin I will always advise you to go ahead with Ethereum and Bitcoin because if you can go ahead with these two coins then you will definitely have the most success in the bull season in the market. New project are the ones best for investment but newcomers should be careful as their lack of knowledge can lead them into honypot projects where they won't be able to earn anything because of the market manipulation. Major altcoin are some safe investment oportunity for new people where their investment will be secure at same time they will get some market experience by investing into them. Also if someone wants to learn about trading he should learn in the hard way by rising own money but that should not be higher than his risk tolerance. New altcoins provide the opportunity to make big profits, but this is directly proportional to the risk, unlike the top altcoins which provide profits but have smaller risks. no one knows which new altcoin will soar high, everyone can only predict, therefore I believe it is just speculation, because many people are also fooled by new projects. I think the main investment remains in the top altcoins, and only a little capital is used for speculative ones, so that money management is maintained until the bullish season comes |
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so I believe no one will hold btc for short term and expect profit, that's impossible.
Not impossible, there are those that they can. I'm confused to believe people like this use bitcoin to gamble, some people get lucky with market predictions and it seems too exciting for them, I believe bitcoin investment is met for long term and people who invest for short term will never get the kind of profits long term investment offers, although people still do this till date and when it's time for the hype they will accumulate as many they can and wait to sell in the bull market is that what you're trying to say, many people who get involve in this sometimes don't get the amount of profit they want. Investors who hold for 2_3 years or more will make higher profit compared to short term. I think taking advantage of the moment is the main key to getting maximum profits. therefore, for me, both bitcoin and ethereum are good choices and have their own characteristics, therefore taking advantage of bullishness to get big profits is the key that must be learned, from this we are taught not to be greedy. there is no worry as long as we invest in both in the long term, because one is the king of crypto and the other is the king of altcoins |
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Whatever course we choose to study, it is an achievement for us. So if you have a course you want to study, you choose it because you know and believe in yourself that you can complete it. That means there is no reason for you to listen to what others say, because that is just one of the reasons that can be used to stop you from taking the course you have chosen.
It just means that you should turn a deaf ear and ignore what other people have to say, even if it's negative about the course you're studying. So, stand by what you chose.
In fact, we really have to think about ourselves because we are the ones who will live it. and one thing is certain that whatever path we take, of course there will be consequences, and our job is to consider the path we will take, and of course there will be lots of suggestions from other people who think about us, I think all of that is just for us to use as a reference for taking decisions about ourselves, therefore the need for self-confidence |
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Society isn't returning to Stone Age, because it's in constant technological development.
You are living in a bubble. I have seen with my own eyes people asking if 20 is more than 10. I know 100's of people not being able to open an email. Not being able to add 2 +2. Where do you live? Because a complete societal regressiom like the one being talked by OP is not the same that some isolated iletracy or lack of mathematical knowledge is some parts of the world. Here in my country most people know how to handle their phone and conduct basic mathematics, though there could be isolated areas in the jungle, in the far away states of the republic, where people does not have much access to information or technology or even education, so they do not know how to add two plus two. It is not their fault, it is the system and the government who failed them to provide them with more chances to develop themselves. What OP is talking about sounds like an exageration to me, while I could agree the western society has gone quite backwards in some aspects, specially in social and economical aspects, to me it is very unlikely for us to reach the stone age, unless a nuclear war breaks out and the fee human beings left would need to start again using rocks and branches as their main tools.. Every development will of course have consequences that must be faced, as is the case with current progress which reduces people's social life, this happens because of the civilizational changes that have occurred, but it is not the era of ignorance that will return, therefore caring for others must be encouraged to anticipating the increasing spirit of individualism. because we are actually social creatures |
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I highly doubt it.
People have been saying that the US dollar will become less of a reserve currency globally for decades now. And its status has simply not changed. And it's not going to until there is a system reset worldwide where all fiat depreciate in value.
In that instance, I don't think that the replacement would be any other fiat currency either, no matter how strong their economy may be. It is almost guaranteed to be a cryptocurrency, and BTC is the most obvious candidate at the moment.
Empires are not meant to last forever. The Roman Empire was thought to be "invincible", only to be defeated by barbarians. I believe the same fate awaits the US in the long run. Slowly but surely, the US Dollar will lose its position as the reserve currency of the world. The "de-dollarization" process has already begun. Add to that the rising national debt of trillions of USD, and you will realize that the collapse of American hegemony is imminent. Maybe it won't happen during our lifetimes. But it will happen sooner or later. The question is: How prepared the world is after a sudden collapse of the US Dollar?  one day the world will inevitably have to prepare to face this, remembering that it is true that nothing is eternal, for example we have to change our behavior during a pandemic, and everyone must be able to survive to earn income to support their survival, even though it is difficult , but until now in fact many have been able to survive, and provide new habits, where we are now used to the online system |
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Some people really have this kind of situation. They are so addicted to cigarettes that they can no longer stop it. They feel like they will be sick even more if they stop suddenly, so they have no other choice but to continue smoking cigarettes.
Most people do, but that doesn't mean that no one has really succeeded in quitting smoking. Because I have also found two people who used to be active smokers, but now both of them have succeeded in quitting smoking because they experienced illness when they were still active smokers. So it shouldn't be considered the same for everyone because those who really have the desire to stop smoking will definitely look for ways to stop, even if it's not in a very short time. It's not easy to quit smoking addiction, but if we really want to stop, of course we can do it and everyone has a different way of quitting smoking, there are some people who are forced to stop smoking because of the disease they have suffered from and there are some people. who really want to stop smoking because their partner doesn't like them smoking and to be able to stop smoking they have to find various ways that suit themselves so that they can completely lose their desire to smoke. There are no most effective tips for stopping smoking addiction in any way, Only some people stop smoking because their partner forbids smoking, but actually they hide smoking in other places and just don't smoke at home or when they are with their partner, but people will stop smoking if they realize they already have a history of disease, unhealthy health will So the decision to stop smoking completely. I experienced it myself, it was difficult to stop smoking, what I did was reduce it, so that in one day I only had half a pack of cigarettes. The hardest test was when I had a baby, because it was impossible for me to smoke and then hold the baby. when I smoke, it's definitely outside the house, even then I prepare other clothes for smoking, and after that change into clean clothes, and don't forget to brush my teeth, at least that's what I do, or even I have to shower afterwards, because it's still difficult to stop completely |
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...Instead of HODLing $BTC like the sister, he buys a bunch of shitcoins, uses leverage, delves into micro and macroeconomic analysis, technical analysis, and creates charts that reach the sky.. You have given two extremes as an example, but undoubtedly trading is much more complicated than just holding. In the end, among this multitude of shit coins, he could purchase such an altcoin, the price of which would increase by thousands of percent, and in this case his investments would be more successful than his sister. If he is a trader who usually takes profits between 5% and 10%, then he will never earn more than his investing brother. Traders will usually take quick profits instead of holding them longer, and they often regret their decision when the price of the coins they sell increases thousands of percent in the next few months. This is one of the reasons why sometimes traders are not richer than holders or investors, they cannot stop themselves from selling when the coin price rises by 5% to 10%. Therefore I prefer to choose both between trading and investing. I have divided my capital into two, so that all opportunities as you describe can be achieved. we don't know what will happen in the next movement, and in cryptocurrency sudden movements often occur, so there will be more regret in every decision we make. therefore we must have the right strategy to anticipate it |
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In the long term, by choosing the best coin, in my opinion it is not a problem if we hold it, but if we want to maximize profits, I think we have to know the moment that happens, so we don't always hold it. sell when there is bullishness and buy back when there is bearishness. especially for short-term trading, of course you have to be able to take advantage of the momentum and not be greedy in taking profits, because there will always be an opportunity to make a transaction
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