Frankly, if you want to make money, don't trade often. Just buy Bitcoin and wait until it goes up. It may take a long time and crashes can happen meanwhile, but don't panic, keep your focus on your primary goal that is to make money with Bitcoin on long term. If you do day trading or future trades, you are already under severe risk of loss, doesn't matter the method you are using on your execution, so prefer the safest route which decreases risks, while still keeping a decent profit margin.
But, trading often can give us a lot of income. Don't tell me you don't like it? We only need to know first that we are good at it, if not then it will be better to minimize our trading activity to avoid more losses. Hodling or investing is much easier than trading, so we can prioritize it if it seems that we don't have a talent in trading. The only downside of it is that it might take time for us to earn since bull run doesn't come too often. Apart form having a solid patience, it's also important to have a self control and not to be emotional because there might be negative news that come along the way and we will see that our portfolios are badly affected. It's true that trading is much more complicated, but still, whether it's trading or investing, it's important to learn first, there is certainly a lot that we need to prepare, both knowledge, skills and self-control are equally important, and most importantly never get bored to learn. |
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The government for now had no concrete plans for there citizens especially at this time that things are very difficult or everyone including the masses. We need to tend for ourselves rather depending on weekly wages or monthly salary to pay bills.
We, as human beings, of course have mindsets and desires. I don't think it's appropriate to depend on the government because of our desires and our lives. We ourselves are the ones who have to be responsible for that. Regardless of anything, hoping for others is uncertain, I think, so it would be great if we did everything ourselves. Even though we really can't live without other people, but from a financial perspective and for the future, of course we are the ones who decide for ourselves, not other people, even if it's the government. The fate of our lives is certainly in the hands of each of us, which means we have to try as much as possible and not depend on other people, as long as we keep trying and do our best then the future is likely to be bright, so it all depends on what we do. |
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(....)
You can table out your opinion.
I am still not convinced about what happened recently. For me, it's not a healthy or natural pump, because of the high percentage pumps during a short period of time. But it's good thing that we are already sitting above $20,000 which this level is significant level since last bull run around 2017-2018. If we will hold this level until next year, I believe it's already the support until next cycle. true, the recent increase is very unnatural, there are many suggestions for community members to continue to be careful if you want to enter the market at this time, it could be that this increase is just a camouflage for bitcoin which always went down before, let's see how strong the Bitcoin price is at $ 20k, if the Bitcoin price drops below $ 20k then we might call it a bull trap, because indeed the Chinese New Year will usually give a dump to the crypto market, just like in previous years, yes myself too have sold bitcoin above $ 20k and maybe will buy it back if indeed after the Chinese New Year is over bitcoin is still above $ 20k. |
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Doge can go 1$ many people waiting that.
I dont think can even reach that level, last time might the highest level for dong when elon hype pumped on Wall Street bet meme season, and after that many meme stock crumble to the ground, people learn, those wont repeat to that level again, lot of bag holder waiting for that moment 1$ doge It's not impossible, I think that the possibility is too rare for it to happen but it just need a little push and we know who can do that. It's too huge to ignore now, even Vitalik is an advisor for them as well as Elon Musk. We may never know but there's really a probability that it may hit that target in the future. Who knows anyway? in 2021 Doge has and almost reached $ 1 and indeed this is the world of crypto currency where miracles can come to Doge again, but we also have to be prepared if Doge does not rise but drops to a price below $ 0.01 again, anything is possible and we must prepare for it. |
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I really don't understand why it has to be RENEC? I see the RENEC website is very ordinary, only 7 validator nodes are listed?,
and you say RENEC will be the next ETH or BNB, I think it will be funny that RENEC can achieve this and even in coinmarketcap RENEC is not found.
I'm sure there are still many good competitors for the next ETH or BNB like EOS, Matic, Polkadot and maybe even Nervos.
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I think the current price is very safe to buy, this is because if you do technical analysis the chart will show that a reversal will occur,
and it has been proven that several altcoin reversal pumps up to 100% or even 200% in just a few days, yes this is a good sign for crypto currency,
but let's not get carried away that this might be a bull trap.
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Guys, what are your thoughts about investing in Polkadot(Dot) right now? Is this time a good entry for buying Polkadot or should I wait for more? I'm not considering holding a long time for a bigger profit. Just looking for a short-term hold.
Any ideas?
Polkadot is an altcoin that has been around for a long time and has a fairly large community. about your question, when the market is experiencing bearish, it is the right time to buy because the price has dropped very much, but what you said is for the short term. so for me it's not a problem but you need to research again before you really invest in Polkadot, except for the long term it will be much better Polkadot is also one of the coins that has potential so when the moment is right to buy I think we need to capitalize on it to make a profit, true as much as possible to do research first but for me Polkadot is more suitable for long term investment. |
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Q2 upcoming eth sharding wil kill matic if they didnt expanding current tech, and many similar projects gonna less popularity specially layer2 only projects, they need evolve, web3 hype emerge next cycle for gaining attraction for real use case beyond crypto world
I'm sure his team has thought about this in terms of developing technology, because if there is no movement at all it is not impossible it will be abandoned, We'll see and follow the developments in the future. |
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Money is a good follower, but is a poor leader.
Money will always lead you astray, but it will follow you well.
Any man that seeks to follow money becomes misled.
Money is meant to follow you, while you are meant to follow value. Create value, solve problems, and do it well, you'll attract people to follow you; remember, money follows people with value.
What's your take on this?
I agree with you that in order to receive money, you need to create and sell goods (works, services). Also, to redirect financial flows in your direction, constantly communicate with other people. Only communication with other people will help you create a profitable business. It is very important to focus on your own mission. It is necessary to constantly improve your knowledge and skills, as well as acquire new knowledge. Yes, without a communication, I don't think a business will be created other than that to do good communication, not everyone can do it, it takes skill to do it so don't take it for granted, Never get bored to learn new knowledge and skills. |
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Trading and investor are same thing someone like to do, in the aspect of trading, it's method and Skill someone desires to acquire and master of it's, whosoever that is trading is also on investment and whosoever that is invest in is directly in trading it's as well call investment, so will advice anyone or any person who what to invest in cryptocurrency to go directly in Bitcoin and alao remember that long term investment is best to do in bearish
Yes I agree with this point. I think now it would be better if I can invest in Bitcoin for long time. I thought I will invest some of my money in Bitcoin and I will sell them when I see them. I will sell them just when the price will increase by several times. I don't think there will ever be a loss if you keep investing in Bitcoin. Investing in Bitcoin is a great choice besides that for a long term investment it's no doubt, it will be profitable even so we also need to have patience and it's not easy, at least by investing in Bitcoin it is much safer. |
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i think if you are doing a decent job and you are well settled there - then you must not quit your job. Infect you must have a side hussle and have a second earning by hook or by crook - this would cost you beauty sleep and less socialisation ..but it's worth it.
It's worth it if you've been working hard and you've got a decent job and salary with it. You don't have to quit asap with it if you're planning to establish a business. You can excel in your employment and at the same time, have your plans executed by having a business. Things will not be easy but consistency is needed for doing both of it. You retain your job and position and you test and run your potential business. Yes, however, the most important thing is your dedication to doing the work and planning to build a business, if you still feel passionate about doing your job it's better to continue especially with a decent salary, to build a business, of course, you need to start slowly and in the right stages. |
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shib requires more than right now to keep rising its value, the thing with shiba is that its relation with elon shill isn't as strong as doge whereas at every elon gesture doge get affected meanwhile shiba is still considered just like other meme coins, if shiba could brings good innovation and features surely it could keeps its value and instead further increasing it, shiba should starting to become quality coins with real innovation and features that it could quite literally leave the meme coin categories.
It's true that the team needs to innovate so that the value of Shiba increases, besides that we also can't expect that what happened to Dogecoin will also happen to Shiba, what is clear is that time will tell and we'll see. |
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People has a different mind set not all the poor people is not interested about investing on bitcoin there are also poor people that wanted to invest into it but the budget is very few and not enough for investing, so they choose not to do investing.
so true. we cannot presume everyone is of the same mind based on being rich or poor. because it's like you said that there are actually many poor people who also have thoughts about investing. However, it is their financial situation and condition that has limited them. because their income is sometimes only enough to be used right away. so they sometimes have nothing left to save and invest. I agree with that in any case we can't just average including in this case, so there must be poor people who have thoughts of investing as you say, but maybe that's all it is because investment also requires money and that's the problem |
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Dogecoin current rally is 80% depend upon Elon musk which pushed hard this coin. Before Elon push Dogecoin was imagined just a meme coin and many telegram admin was using it for tip purpose. After Elon push it's price surged hard and it's beat many top class coins. I think when Elon not stay here it will be failed and many investors will leave this coin.
Elon Musk really has a big role in increasing the price of Dogecoin, it is common knowledge and if we see in reality it is like that, if it wasn't for Elon Musk maybe Dogecoin is just your average meme coin that has had many failures |
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usually i avoid on crypto projects that are full of greedy investors don't have much active community supporting and use them as holders, because i think it will be the target of chaos , so it's better on coins that are fully supported by the community e.g. on meme tokens, bitcoin or any other altcoin, to be honest I'm better off holding onto bitcoin for now
Each of them has a choice, but indeed in a bearish market like now it is very good if we avoid coins that have bad project fundamentals, and it is more advisable to buy altcoins that do have good fundamentals, yes, good fundamentals are not just top altcoins like BNB, ETH or XRP, but coins on coinmarketcap with rank 100 to 500 might be very suitable for further analysis before choosing the right one. |
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I admit the scalping trading strategy is a very good strategy for achieving maximum profit in the short term,
but scalping is very good for traders who have large capital if they play on the spot market because the spot market is a minimal risk thing,
but if traders with not big capital I suggest to futures trading but we also have to remember that it is very high risk of losing all your capital.
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I recently made some money through Amazon Kindle Direct Publishing, and I'm considering using it to purchase some Bitcoin. Only a tiny sum, roughly $800, is involved. What do you suggest doing right now? Purchase some Bitcoin or another cryptocurrency with a promising future.
What replacement coins would you recommend?
Bitcoin is safe coin and it is backbone of all crypto and I think the only decentralized coin which has no admin and totally control by people. Although some big whales entered like micro strategy but still we can say that it is safe coin and for long term it is more better than other coins. Altcoins profit is very fast and greater than Bitcoin but it's very hard to choose best altcoin because recently big coins like Luna and Ftt crashed and your all money can be down. Yes Bitcoin is always a long term investment choice because it is much safer than other coins, so at least for myself I have no qualms on Bitcoin to invest long term, for altcoins, we really need to work harder by doing our own research |
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As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
Altcoins can indeed bring benefits to investors. Most altcoins were profitable at first, but over time there were many altcoins that could not survive the bear market, most only in the short term. Be more vigilant and patiently analyze and research when investing in new altcoins to avoid more losses. Buying altcoins during a bear market and selling them during a bull market can be a good strategy for investors. The main thing is to choose new altcoins every new market phase, because old coins die more often. And it is better not to get attached to such projects. Sell and forget. That way you can minimize the risk of losing money. It's not just buying in a bearish market, one needs to seek for potential alts that could make it through the bearish as well. With every coming day things get refined and new features are added to the alts. Therefore, it is must to go through the white paper and also to see the credibility of the technical team behind the project. I absolutely agree with you that you need to spend a lot of time to research the project you are interested in in order to avoid scams. But as practice shows, even reliable projects can go bankrupt, such as the recent story with TERRA LUNA. So you can never put all your eggs in one basket and you should always diversify risks. True besides that sometimes some people are impatient in the process and of course it's very unfortunate, putting eggs in just one basket will make the risk even greater and it is not recommended, with risk diversification at least it minimizes risk |
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(....)
There is a saying that in every bull market new projects will take over the top 20, do you think another project can rob the positions that Avalanche, Matic, Polkadot and Solana tomorrow?
I agree with this. If you can go back with time, there are a lot of altcoins that are only temporary and they are only driven by hype every time there's a bull market happening. This list is the newest altcoins that pop. During a bull market, it's possible that new projects could rise in popularity and overtake the positions of current top 20 projects. It's already proven, only Ethereum since the beginning is always on the top, that's the only altcoin I can trust right now. Yes Ethereum is an altcoin without a doubt and certainly much more stable, those are things that usually happen when the market is bullish so we have to be careful, apart from Ethereum coins like BNB are also trustworthy coins |
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"Is the bear market over? Hard to say, but a lot of the bad news was priced in. With a maximum drawdown of -28%, SPX discounted 85% of a typical 33% market decline and 78% of a recession bear market. I still like the 1946 counterpart-"
It looks like the bear market is not over for now. The bear market continues, and Bitcoin will experience small dumps from time to time. However, market conditions are more stable than before. We will be difficult to predict the current market conditions. Will it be bearish or bullish which will happen in early 2023. By and large Q1 in any year will experience a bit of dumping. Maybe bullish won't come anytime soon so we still need to be patient to wait for it, the bear market is still likely to continue but I don't think there is a need to panic with that, the most important thing is to always follow the development better like that |
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