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121  Economy / Trading Discussion / Re: 5 Things I've learned day trading Bitcoin for 3 years (successfully) on: April 07, 2023, 09:53:08 PM
-snip-
In general, trading is an art, and to be an artist, you must choose your own method. It is true that there are similar things, but in the end, your artistic touch is necessary.
In order to determine the method, it is necessary to practice in order to find a suitable method.
Any artist will not find their method with just one try. Including in trading, technical analysis, and fundamentals become the basic art of trading that must be known.
If you have mastered it, you are ready to enter the next step.

And as for the time it takes, it depends on how one learns and understands it.
If OP takes 3 years to succeed, then other people may be more or less than three years.

No knowledge is obtained instantly, it takes a process because the process is important.
3 years is even quite long if you are really putting your whole self in trading. You could have mastered trading within a year or two if you are really determined to learn and master it. But everyone has its own unique way in learning trading, but I believe with frequent experience, it will always be the best teacher no matter what. Trading is never easy, that’s why we should also learn it even in the hard way.
it is up to everyone to learn it. in 3 years maybe people can trade well like OP, but forever we have to learn about the market, and there are also people who during that time can analyze well but still find it difficult to control themselves, and often repeat the same mistakes. Of course, repeated training can correct mistakes that should not be made.
122  Economy / Trading Discussion / Re: 2years of trading! on: April 07, 2023, 09:43:01 PM
...
discipline is most important to trade like a robot, discipline matter more than winrate. I suggest this two books , 1. disciplined trader , 2. trading in the zone , if you can't afford these books then there are so many websites availed to download for free or you can watch summary on youtube 2 times .
Discipline must work on anything. In trading, yes, discipline is very important, like our consistency in keeping learning from time to time, to understand which trading strategy activities really fit us. Additionally, we must be also patient enough in trading, not only patient to take the profits, but also patient in controlling our unstable emotions, facing unstable and volatile markets, FUD, and other terms that probably cause us lost. Hopefully, at least we can be more consistent in doing training with understanding not only the knowledge but also other disciplines.
Sometimes knowledgeable people can also fail in practice, that's because trading is not always as expected. There are many factors that help a trader succeed, but the best is himself and his ability to understand the market. I'm sure not all of us have the same background knowledge, ability and intelligence to understand the market, it will also affect the success of the plans developed by traders.

Even I still get losses in trading during price fluctuations. Experience can only minimize the risk of loss, but loss is always difficult to avoid. Mate, Losing is normal in trading, but the most important thing is how to plan a strategy after losing.
I think there are wins and loses in trading. when we lose, it is better to wait and see first, so wait for the opportunity to re-enter the market, because there are many incidents after losing, the emotion will be to want to recover losses immediately. things like this should be avoided trading in a state of emotion. therefore we must be disciplined in dealing with trading manners. most people are good at strategy and analysis, but can't control themselves
123  Economy / Trading Discussion / Re: Before You Go All In on: April 05, 2023, 08:20:34 AM
that's nice, but sometimes if someone enters the market in the right conditions he will be very lucky and make a very big profit.
but after that moment they will continue and start losing their luck.
I think one has to get used to losing or winning situations, so they can control their emotions to be more stable.
and you must not put emotion when trading , also best to get out once you already seen earning and never deal with greediness because there are so many factors that will change the momentum and you will be the one that could be responsible for anything that will come along the investment process.

Going All In is one stupid thing for me considering how much risk we must put in crypto investing, better to buy only the coins with diversification .
going all in if I don't think there is anything wrong with bitcoin, which usually invites risk because we invest in new altcoins, with the hope of having big profits. therefore the need for diversification in the hope of minimizing risk, because it places several coins. but when the price is bullish we have to keep thinking logically so we are not greedy in taking profits, because at any time the price can fall quickly and of course we regret it
124  Economy / Trading Discussion / Re: Trading as a newbie? on: April 05, 2023, 08:11:49 AM
I guess to should be ready to do the work involved with such coins as well as be ready to face the huge risk associated with such businesses as well as the project you're about embarking on is know as pump and dump project and there are already more smart people in that field so you ought to be smarter and faster and don't let so much greed catch up with you in this field.
I barely advice people to get into shitcoins  except they know what they're doing and it seems you're very much knew in the crypto industry so I will advice that you buy a more stable coins like Bitcoin and just hold for a longer time rather than wanting to toy with your emotions.

I also agree with you, that newbies in trading should take care of many things temporarily before investing, so that they are aware of their losses and can survive the losses.Although in my opinion newbies should never invest in trading in the first stage, because newbies often make wrong decisions, newbies often conduct trades based on emotions which lead to losses later on.My advice is that beginners should give more importance to study, than trading first so that they get a good idea about the whole trade and work on it.
it is common for novice traders to prioritize feelings when trading. until in the end they feel frustrated. for those who persist, they can improve from previous mistakes, so that gradually their trading style will be established by itself. it is not as easy as imagined, but many traders are successful, so they can live from trading. therefore it's never too late to start and you should still be able to enjoy the process
125  Economy / Trading Discussion / Re: Trading Signals vs Own Analysis on: April 05, 2023, 07:56:09 AM
no one can analyze perfectly, losing and winning are commonplace when we trade. the most important thing is that we can achieve our target portfolio properly. instead of us continuously following group signals, it would be nice to make our own analysis and monitor our trading progress, so that later we will become pro traders. indeed at first it is not the money we are looking for, but in its development the money will follow along with our shrewdness in trading
126  Economy / Economics / Re: Try to save money while you still can, will you ? on: April 01, 2023, 04:22:35 PM
finding side jobs or money making investment would help a lot to save a good amount of money.

This depends on the kind of investment you are making, I might invested with my savings today but would take longer time for my investment to yield because one thing about my life is that i am not being carried ROI rather i will love those investment that takes time to yield just as bitcoin is, one can save money maybe from reducing on the amount of house you are leaving. In my country this is what mostly consumed our money then followed by feeding, before making savings you need actually a good job to start making saving because i don't encourage those that feeds from hands to mouth to begin to save their little daily earnings.
it's the same as in my country where housing is our basic need that must be met, this will be felt when we already have a family, having your own home even though it's simple is a dream for a new family. after that we will be calmer to raise money and buy the next asset for saving and investing. saving every month from our income that has been set aside is a priority and later I prefer investments like bitcoin to place the money. this aims to support my old age, so that later there will be no difficulties in the family economy, no matter what I have to do it even though at this time I have to be able to live simply
127  Economy / Economics / Re: What will you do if bitcoin crash? on: April 01, 2023, 04:06:22 PM
I can't imagine bitcoin will crash or completely go to zero, but if it happens, I'll lose trust in other cryptocurrencies as well, because bitcoin is the mother of all crypto. Bitcoin is volatile and you must know what you are investing into. As an Investor, I only risk money that I'm willing to lose and on things that I understand. I will stay calm and assess the situation and accept it. No one can predict what's going to happen in the future but If it happens out of nowhere, I have to find other alternatives because if that crash will happen, other opportunities will come.

As long as Bitcoin has fans, its value will exist and it is very difficult to go to zero. Because something that already has a price will always be assessed better by looking at the developments that already exist in Bitcoin itself. Investors who really believe in Bitcoin will also not worry about this because they always have faith in Bitcoin which will continue to be valuable as long as there are still many people who really like it and are still being bought and also traded on the market.

And I think the only disaster that can make Bitcoin lose its value is when the whole world can no longer access the internet which makes it impossible for everyone to buy Bitcoin in the market. But until now I also have never seen this kind of disaster ever happen in the past, because it will not affect the value of Bitcoin if only one country cannot access the internet, but if the internet network is disrupted for the whole world, it loses value for Bitcoin I think it's very possible.
even though we have placed bitcoin as an investment in cryptocurrency with the lowest risk, but I personally also want bigger profits, so I also choose safe altcoins to invest. eth and bnb are safe investment choices in altcoins, both of them have a high level of trust by investors, so diversification needs to be done so that our profits increase but also does not leave the risk safety factor in investing. for my long term investment needs eth and bnb for 25% each and the rest for bitcoin. sometimes I also use small money to buy new altcoins, just as a testament to luck
128  Economy / Economics / Re: Is risky to invest this period on: April 01, 2023, 03:51:51 PM
Right now I just look at Bitcoin more often because I still really want to invest in Bitcoin for a long term or at least until the bitcoin halving happens again. So I don't really see the top altcoins like Ethereum because these altcoins are still always below Bitcoin in ranking and also often experience increases together with Bitcoin. But if someone is still very confident about Bitcoin, then forget about altcoins for a while and focus on Bitcoin before a bigger increase occurs and the investment becomes too late.
To look forward to the halving period, we must focus on investing in Bitcoin even though the top altcoins ETH and BNB also have the potential to get high profits if the Bitcoin price has increased significantly, but it all depends on each investment method and it is more convincing to hold all assets in Bitcoin to get profits maximum after reaching the highest increase during the halving or afterward, because based on market analysis for each halving period there is the potential for the bitcoin price to reach the previous ATH recovery and could even reach a new ATH price in the future.

We should focus more on bitcoin in any case because bitcoin is still more reliable than the rest. But in my opinion, we should not be too stubborn or conservative but only invest in bitcoin and pass up the opportunity with ETH or BNB. To be fair, during the previous bull season, both of these altcoins have been more profitable than bitcoin since the 2018 bottom, and those who bought them have also made substantial profits. Therefore, I will focus mainly on bitcoin, 50% on bitcoin, and will not pass up a good opportunity with ETH and BNB.
even though we have placed bitcoin as an investment in cryptocurrency with the lowest risk, but I personally also want bigger profits, so I also choose safe altcoins to invest. eth and bnb are safe investment choices in altcoins, both of them have a high level of trust by investors, so diversification needs to be done so that our profits increase but also does not leave the risk safety factor in investing. for my long term investment needs eth and bnb for 25% each and the rest for bitcoin. sometimes I also use small money to buy new altcoins, just as a testament to luck
129  Economy / Economics / Re: Why do people stay poor? on: April 01, 2023, 03:31:31 PM
I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.

Being poor is not a choice- sometimes it is a mix of the failure of the system and the lack of any education on the part of the person. If there is one thing I realized while living in a third-world country, it is that being hardworking does not necessarily guarantee a bright future. Sometimes, the system forces a person to be poor despite being hardworking in his life.

Personally, I have witnessed several persons who are very hardworking but the opportunity for them to become rich is not there. The system fails the people in terms of providing better job opportunities and lifestyle in order to at least limit the burden of these people. For example, wages in a third-world country are relatively low and the costs of goods are very high, which prejudices these people greatly.
Sometimes the low-class family in superior nations are already considered rich in 3rd world countries. Being poor is not someone's fault even the word "staying poor" is not their choice, coz if they can choose to live a better life why not? It's just that they aren't given enough opportunities for them to change their life. I have personally experience myself being compared to other children's family, usually my grandma would say "look at him being a seafarer, engineer, teacher, police echetera... surely they have high wages and changed their lifestyle unlike you". Sometimes the pressure of being compared to someone can lose a person's confidence instead of using it as an inspiration. I have lived a life with a poor environment, and I understand them why they wanted me to be like other people, but even if they'd force me to be one, I won't.

I have also seen a lot of my batchmates trying hard to strive for their education but in the end, they didn't pursue their career due to lack of opportunity. I am not discouraging anyone who's struggling about their education, but in all honesty, once you graduate, it is up to you on how handle your life, not anyone even your family can do anything if there is no opportunity present. That is why some of my batchmates decided to work abroad coz they've realized that there's a huge lack of opportunity here in my country and even if there are, the competition is extremely huge and most of the time it requires a ton of money. In the 3rd world country, there's this popular saying that "if you want to have money, you need to have money", though it is absurd, once you live in this kind of environment it does make sense.
being poor can happen because of the circumstances of being born poor and must be full of power to turn him into rich, no one wants to be like this, even in my religion we must be able to be rich to be able to provide assistance to those in need, so many rich people are originally from poor people , so that in the end they do not forget their former origins so that they can benefit others, and I think people like that are real rich people, even though they have a lot of wealth for alms but their wealth increases. On the other hand, everyone's abilities are different, even though we are highly educated, but materially we may be inferior to others, but humans have different life goals, we often see that even though life is simple, children's education is the main goal, and they are satisfied with their achievements. , so that their children have a good education
130  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Shiba Inu still worth it? on: March 31, 2023, 06:04:43 AM
This is the only thing I can say. If you see that Shiba Inu is still trending and you want to follow the trend then I would say that it's worth it but if you see or think that it is no longer in trend then I it's not worth it. Anyway, Up to you to decide and I think it's better of you prefer altcoins that are used by many people like or try ETH for example. Shiba Inu may be worth it but I think you have to wait for Bull run and the disadvantage of it is because it is a meme coin.

I agree that it will be worth it if it's on trend as some investors have made a profit on it during its hype but it's for you to take the risk. Remember that there were also coins that have been hyped before but still failed and many investors have lost funds so you have to make sure that you can also handle the possibility of losing. If you seek assurance, you better stick to high potential altcoins.
shiba inu is the same as doge in my opinion the two meme coins have provided abundant profits for previous investors. I think that even though Shiba still exists, it is at the top of CoinMarketcap, but it is not suitable for major investment, considering that there are other better altcoins to invest in. on the other hand, if there is no fomo and big investors come in, it will be difficult for him to soar as high as before, so be careful
131  Alternate cryptocurrencies / Altcoin Discussion / Re: Is ETH the King of Altcoins ? on: March 31, 2023, 05:55:00 AM
i think ethereum is more than what you mentioned in leading altcoins. This is because there is not yet a single Altcoin that can compete with Ethreum. I noticed that Ethereum is worthy of mentioning the king of Altcoins.

yes, because until whenever Ethereum will always be the king of altcoins and no one will be able to replace it, therefore until now, many investors are still interested to investing in Ethereum, because the price of Ethereum will definitely continue to increase and create a new ATH prices, so it is certain gives us a big profit if investing in Ethereum.
ethereum is the number 2 altcoin in the order of coinmarketcap so far, basically ethereum is a healthy altcoin because its movements always follow the developments of bitcoin. by being under bitcoin then automatically creates trust in investors. especially in the previous bullish season ethereum reached a fantastic high of up to $ 6k, and it is still holding up well despite hunting, but this is normal because of the bearish season
132  Bitcoin / Bitcoin Discussion / Re: Evidence that I actually invested for my baby on: March 30, 2023, 07:02:47 AM
this needs to be done to ensure the life of the child in the future, for me especially for the cost of education, bearing in mind that currently the cost of education is getting more expensive, and imagining that if I only work as an employee, it might be difficult later to send them to university. therefore from now on I will invest in bitcoin for my child later so that the school level is guaranteed to be as I expected, and after that with the knowledge I have, my child can determine his own path
133  Bitcoin / Bitcoin Discussion / Re: Buying cheap is best formula on: March 30, 2023, 06:50:49 AM
it takes courage to buy at a low price, because not everyone has the same thought, many people are afraid to buy, or wait for the price to drop back and buy it. therefore we must have a strategy that must be adhered to to make a purchase map, so that every drop in the area that has been planned we can buy it in stages, that way we will also get the best price in purchasing, so we just have to wait for it to fly according to the target we have set specify
134  Bitcoin / Bitcoin Discussion / Re: Can you think second if crypto without internets? Impossible right. on: March 30, 2023, 06:42:19 AM
I don't really understand how a concept can work for sending or receiving Bitcoins offline while the blockchain network is totally online and cannot be used without internet access. Even the text message method doesn't sound realistic to me. How come to a text message that is sent over a mobile network can reach the blockchain and make a transaction from it?

The concepts most probably didn't work or succeed and that's why they were never announced or used publicly or they could at least get some popularity if they were viable solutions. Cryptocurrencies simply cannot work without the internet because they are digital, simple as that.
Indeed have concept with sending or receiving cryptocurrency fund without access internet how possibility for trader or investor selling their fund and not ability access to exchange market. I think impossible cryptocurrency worth without internet because every wallet access actually with hardware wallet need synchronize and have to access with fast internet speed.

I don't know about how concept received and sending bitcoin offline because every transaction need to check on blockchain confirmation and take internet access, however not worth for investor or trader if bitcoin offline concept because impossible for trading, investing and selling our assets when price dump or pump. Cryptocurrency without have internet access not working yet I think although have new ideas and concept created later about Bitcoin offline transaction.
until its development so far bitcoin is very dependent on the internet network, so transfers cannot be made without the internet. but we don't know whether in later development it can be done offline, but according to my logic it seems difficult to happen, considering that we can find out price movements, namely online
135  Economy / Economics / Re: Is renting an inevitable waste of money? on: March 29, 2023, 08:15:54 AM
you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.

I wholeheartedly agree and respect your opinion on renting a place that’s much closer to your place of work than having to commute from your village.
Understandably, getting a job in the village with an organization that’s located in the city would be very difficult as most employers would want their employees within reach at most times.

Fortunately for you, you’ve landed a job in the city. While it pays less than city standards, it definitely wouldn’t be the same rate you get for jobs back in the village. If it isn’t, you would not be so willing on renting.
Perhaps you might consider having a roommate. That could help reduce costs and improve on your savings.
The most important things when we go abroad are food and room rent. a little experience from me at that time renting a room for 2 people so that the burden was borne by both of us, on the other hand when eating we cooked ourselves, so this could reduce expenses. on the other hand, with the little money we have left, of course we think about investing or saving, so that later there will be an increase in the economy, or we can open a side business, so that life does not just stagnate
136  Economy / Economics / Re: Do your work. on: March 29, 2023, 08:03:23 AM
Not everyone will run a personal business and I beg to disagree that you are only making someone else richer without increasing your own wealth. You can earn more as you work as well. Everyone has a part to play in the smooth running of a business (both the emploer and the employee). If everyone runs a business who then would we employ to work on our businesses.
indeed not everyone can be a boss but at least we must have the intention and desire for something we can raise our standard of living from employees to company owners. but it is also important at this time that we really have to focus on the work that we are currently doing. work hard and be consistent. and while planning and raising capital to then build our own business.

every day the wheel of life always turns and I believe every day there will always be new rich people born and vice versa there will always be people who fall poor every day. this cycle continues. and we also have to think that we cannot as long as we are in a position as an employee. one day we must be able to change our condition for the better. well all oranf would want the same thing. but the results will probably always vary. sometimes people who work hard don't always meet success. but at least if you have tried then there will be no regrets in the future.
although we as employees of course we have to do the job with pleasure, so that what we produce can be maximized, later if we have the intention to open a business then these good habits will carry over to our attitude. on the other hand, because we leave a good mark, of course it will have a positive impact on our efforts, even though what makes us successful are people we didn't expect beforehand, as long as we try, there will be a way that will come outside of our minds
137  Economy / Economics / Re: Money hardly come this days! Why? on: March 29, 2023, 07:55:38 AM
OP, I understand that inflation is generally affecting the cost of things; even the money people earn these days is insufficient to buy enough items for the family's use. But I hope you have a job you are earning from. When I was younger, I lost count of the number of cash gifts I received from relatives, friends, and wellwishers, but nowadays, unless the person is extremely wealthy, people rarely gift money out. To manage your situation, you just need to establish a few sources of income—at least two. If your country allows you to work and get paid per hour, you could get two jobs that pay you per hour. It's just an opinion; that's how many people here are managing.
i would  think of it as "charge to experience" since nobody is born to know everything.  now earning a thing or two requires you to be more versatile in terms of skills, since you will be required to exceed what you are capable of. As they say "the price of exceeding someone's expectation is more work" is trrue.
right, the price of goods is getting higher while our income is stagnant, so this is what makes us feel deprived even though in fact an economical lifestyle has been implemented, inflation does make people depressed by the situation, if it's like that then we must be able to survive from this situation, besides needs, of course we have desires that must be fulfilled, to respect ourselves
138  Economy / Trading Discussion / Re: Is it best to have a personal trading strategy? on: March 28, 2023, 01:48:17 PM
Different traders have trading strategies and every trader also have their different strategies in running their businesses.
Every trader have their particular strategy but as a trader you need a personal strategy that works for you specifically. Different people trade for different reasons but all the trading centers in achieving a particular goal but every trader has a way of achieving this goals. Whatever strategy you adapt just make sure it is a strategy that will work perfectly for you.
It is okay to adopt others way of trading but later on when we already do or practice it we will eventually realize what methods works best on us. There are already many tutorials or strategies provided by different traders but we will somehow know how to trade by ourselves when we keep anlyzing and trying how to trade. Some gathers techniques of professional and applies or adds it in their method. It will not matter if we copy it all or improved it as long as we understand the concept and we gain profit in trading because of it then where doing it right.

If you keep doing the trade then you will find the best and fit way for your trading style, eventually you'll be able to form/create
your own strategy and keep enhancing to make sure that you'll be able to adopt in any market situation.

Like what you have said, there are available tutorials and guides over the internet, and you can use it as good references to
adopt.

But time will come and you will do your own and you will enjoy the strategy that will bring you benefits.
the strategy we use if we enjoy it I don't think it's a problem to use. sometimes we see that people's strategy systems are more perfect because they can create profits many times, but what we have to understand is our psychology to be disciplined in the trading system we use. therefore I think it focuses more on psychological stability to execute strategies, because this is a determining factor for measuring the development of our trading system
139  Economy / Trading Discussion / Re: Is anyone using Price Action to trade full-time? on: March 28, 2023, 01:38:11 PM
Does anyone have the same method and goal as me?
I have another job at the moment, and being a full-time trader just isn't great for me. I've been trying to do day trading, running for almost a year. but I feel I am not that good at using multiple trading strategies. my last few losses have made me think about focusing more on Bitcoin investing.
if you want to trade full time no matter what strategy you use. I suggest you discipline yourself in managing your money. in the sense of trading capital and your personal money. I have made mistakes in the past by not managing my finances well. wish you success with your choice.
it's the same with me, where I'm not good at short-term trading. but even though I lost I kept trying, especially about discipline and mental factors. Whatever strategy is used, our goal is profit, but it must be in accordance with a healthy portfolio, so that we can monitor the development of our trading techniques. until now I am still learning and trying to make it happen, because I believe that in the end I will be able to enjoy trading properly
140  Economy / Trading Discussion / Re: Holding could be better on: March 28, 2023, 01:28:06 PM
this is a good strategy for those who don't want to do or monitor the market on a daily basis, they will buy then forget about it in a few years then reap the rewards, but not suitable for high risk altcoins, and it is recommended to buy low risk coins, maybe top 10 better marketcap.
No matter how you want to make money from the market, you must have a good strategy for you to be a consistent and profitable trader. You need to take your time and know what you are doing as a trader so that we are not going to be losing consistently without making good profits. Trading need more understanding of the market than we thinking of making consistent profits from the market.
We need to hold if we are investors for we to make more money from the market. Now that it seems like Bitcoin is on a bullish trend, we need to buy low so we can earn big when thw bull market comes.
Reflecting on myself, where I am busy with office work every day, so I choose long-term investments and hold them while waiting for the bullish season to come. therefore by holding it I do not disturb my daily routine. Instead of short-term trading, where I have to fully concentrate on paying attention to the market, I think it will interfere with my activities. but these conditions may be different for other people, who have knowledge about trading and have free time
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