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In general, experience and knowledge are totally related to each other and without gaining them, you won’t succeed in this field. Furthermore, it is really important to educate yourself before even starting and there is no need to be hasty even when you have a large capital, that would be definitely perilous Plus, remember that beginnings are always tough even when you’re completely educated , it means you might face some obstacles and lose a some money . However, everything will get better with practice ( experience). In addition to that, make sure you to build strategies and plans, they may help you to improve your decision making. Every strategy must apply on each market's condition.
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To begin with, I would like to write you down some useful points that might help you OP:
• Do not let the news negatively affect on your decisions
• Build a plenty of strategies to avoid the risk of loss
• Accept every sudden event ( For example, the collapse of FTX ) and deal with it intelligently
• Make a backup plan for every plan you prepare
• Take planned risks and accept failures
• Choose the coins you invest in , carefully
In addition to that, the main lesson you have to learn is : nothing great will come to you easily and without failure, pain, hard work, patience, experience, loss…etc . And It is certain that we have seen a lot of terrible events in previous years. However, we should believe that after the darkness we will see the light. Maybe it is not now or tomorrow but the it will be definitely achieved in the near future. Be patient.
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If $35K is traded higher Then I will take partials or take full profit.
I hope the same think is need waiting for few week so done the price $35k after correction, For those who have been waiting for a while, there is no doubt that good times are about to come. My opinion is that if someone thinks he can wait a long time and has a long term plan, then it can be a good decision. Well, as far as I am concerned Bitcoin will probably hit $35k in 2-3 weeks. Hopefully this correction will not lead the market to significant decrease and end as soon as possible. In addition to that, it is better to take advantage of this opportunity and purchase BTC as much as you can. The more you waste time, the riskier due to this correction is temporary, it might end in a couple of days or maybe less, after that we will possibly see a bull run, so we have to be fully prepared and except the unexpected. Plus, the more you have plans, the safer you are, no matter what happens in the market. |
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In my opinion, taking planned risks are necessary to accomplish some goals and regarding investment, it is one of the key to gain large money. However, it is preferable to build multiple strategies before taking it otherwise you will just lose what you have. Furthermore, if you want to make an acceptable amount of profit in safe way, then you should put your money only in Bitcoin and Ethereum due to the return in these digital currencies is guaranteed specifically in long term due to the ongoing market’s condition is volatile. And it is expected to see solid bull run in next year ( after 150 days of halving) . Plus, the more you invest during the period, the larger profit you will make in 1-2 years, and rmember that investing always requires patience.
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To be honest, your friend has screwed up when he invest in worthless altcoins, I am pretty sure he was greedy and wanted to earn a large profit in short term. Unfortunately, that’s what happens you purchase cryptocurrencies without knowledge and strategy. In fact, it is certain that Bitcoin is a gainful investment and fruitful but in long term. In addition to that, I encourage your friend to invest only 30% of his capital in Bitcoin and 20% in Ethereum due to it is perilous to put all your money in digital currencies despite the profit in these best ones is kinda guaranteed. However, everything is expected to happen in crypto era. It would be better if we be prepared for all scenarios.
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Prediction 2: $29,257.64 bech32 address: bc1qqud6s8q9pdpwcern0ekuf53pvffc5jtm9v6070 Good luck to everyone  |
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Technical Analysis certainly helps, I know that many of the traders in term of expanding their knowledge are always hesitant since it's gonna take tremendous effort and that's true, even if you know the technical analysis it certainly doesn't guarantee that you gonna be successful since nowadays coin aren't really following general TA anyway. but knowing technical analysis will certainly helps in some case if you could recognize some pattern, then you could make decision accordingly, nowaday TA has become the tool of whales knowing whats the individual traders are gonna be doing so they could drain these individual traders money.
but i'd say, whether TA is a must know, then I'd say not really, mainly because you could do fine with just right positioning, even in investing it will be less relevant.
That’s a great point of view. Furthermore, technical analysis is one the key to succeed in trading field but it does not guarantee a profit. In fact, It is really important to do some researches in the beginning and understand what trading crypto is also it is essential to learn the crypto market and the way to read charts, after that try to set or build multiple strategies. In addition to that, it is preferable to start with a low capital and choose a solid decentralized exchange and with practice you will definitely gain more experience at the moment you boost your capital. Always take it step by step and make it simple without making hasty decisions. |
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I am really optimistic about Bitcoin’s future despite we have not seen an interesting pump or bull run in the beginning of this year. However, it might be the silence before storm. Fortunately, Bitcoin broke $30k and at this moment there is a correction, hopefully the weak hands won’t make any actions to avoid the risk of bear run. In fact. I doubt if Bitcoin will hit $35k in the near future, it may take weeks to see a strong bull run due to the number of bag holders ( who purchase a huge amount of cryptocurrencies) is getting decreased. It would be better if we HODL as long as possible and wait the next halving in 2024, Bitcoin’s future will be definitely brilliant. let's be patient.
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You mentioned investing three to four figures every month. But you said to invest three to four figures, is the amount invested in your country's local currency or international currency?
If you say in dollars then this investment will be much more for you. Because you are still new, making such a big decision will be full of risks for you. Get a little idea about investing and put that idea into practice. Whatever the pros and cons, it will add to your experience.
In the beginning you can open an account in any trusted exchange and deposit some amount of money there and you can continue the first step of your investment process. It will be good for you to increase the amount of investment as you gain experience.
In my opinion, investment would be risky if you don’t have enough knowledge and experience in crypto, that’s why you should take your time by educating yourself and learning effectively this field. Rashnesses will lead to serious consequences, you have to be careful before taking any decisions. Furthermore, it is really important to have a backup plan and strategy due to the market is unpredictable and extremely unstable. Plus, if your investment strategy is long term and you’re looking guaranteed profit, then you have focus only on top 5 coins specifically Bitcoin and Ethereum also put your crypto on hardware wallet to avoid the risk of getting hacked or scammed. |
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Well, it is really necessary to save money for unexpected needs and rainy days. We don’t know what tomorrow will bring for us, that’s why we should be prepared and adapt ourselves for each new situation. Unfortunately, a lot people over spending money on useless items and goods. It is really disappointing how humans being materialistic, they judge on your appearance over your personality. In my opinion, you should save at least 15-20% of your salary and in case you have available time, try to find a part time job, that would help to gain more money. In addition to that, it is certain Bitcoin is a good investment especially in long term but it is preferable to purchase only what you can afford to lose.
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That would be the worst decision to take. To be honest, If I was in your situation or place, I would rather educate myself by learning the basics of trading , technical analyses, reading some useful books and start trading with own myself and without any help than take an idiotic risk and trust a stranger who pretending as expert trader . In fact, I wonder if you are serious OP due to the capital you have mentioned is really large ( $100K). Furthermore, I advise you to use decentralized exchange instead of CEX , it is more safe and secure in case you are planning to start with a huge amount. Good luck
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Unfortunately, we are living in a pessimistic world, the social media is full of negativity and triviality. In fact, they usually spread fake news , article and misinformation on anything related to Bitcoin and generally cryptocurrencies, their main goal to affect on Bitcoin’s reputation in a terrible way. Fortunately, Bitcoin’s community is getting bigger by time despite all the successive attacks from the governments and banks to break it. In my opinion, we should not be worried with the public perspective on Bitcoin. The more we spread positive , real information and educational resources , the more global outlook will be changed positively toward Bitcoin.That would be the best way turn to negative thoughts into positive actions instead of wasting your time with convincing the category who are against the digital currencies.
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To be honest, it is unexpected and unrealistic to see BItcoin hits $60k during this year but it is possible to be achieved after the halving ( in April or May 2024). Plus, I doubt if the whales will let BTC rises significantly due to they are able to influence the value of the whole market. As far as I am concerned, we will see a strong bull run until the next summer. So it is not possible to see solid pump in next week.
Probably , it will hit only $32-33k max. In addition to that, this period is certainly appropriate to purchase Bitcoin in case you have extra cash or stable coins. You may regret if you don’t take this opportunity. By the way, Dollar-cost averaging's method would be a good option for a safe investement. In my opinion, It is too risky to wait for a bear run.
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A fish can only be only be folded or bend while it is still fresh but once dried, there's no more remedy to ameliorate anything concerning it because it's already too late, if we want a generation that is free from corruption then it all begins with the present one we are in, that we must put all hands together in fighting against it and ensuring the young ones don't have anything to do with corrupt related offenses.
The younger generation must be properly supervised and educated. One thing that must be taught is morals, morals are the basic foundation in my opinion that must be instilled in children from an early age. It will be a very valuable provision for him in the future. Because what I see now is that the younger generation doesn't have that, many of them are very far from morals. There may be several factors that cause this, and the first is the family. The family can be said to be their first environment that will influence their personality before the wider environment. I absolutely agree with what you said. In addition to that, it is really important to let this younger generation make their own decisions but with providing guidance. Unfortunately, the rate of morality is getting decreased due to a lot factors such as, the bad impact of social media on people specifically the younger category, they literally spread toxicity and negativity more than positivity. In fact, most of people are following each other, they more like sheep. Also, the role of family is really necessary to guide and control this new generation. In conclusion , we should isolate ourselves and our kids from the negativity and feed our minds with knowledge, education and success. The more you feed your mind with positive thoughts , the better mental health you will build. |
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In my opinion, it depends on your capital. The more assets you have in crypto, the more wealthy you can be. However, without education , learning the basics of trading, having multiple strategies , experience and practice , it would be extremely dangerous to trade. In addition to that, even if you are rich, it is preferable to start with a low budget and once you gain experience, you can boost your capital. Moreover, it seems daily trading is no longer profitable especially if your balance is limited. As you see market is not developing or progressing the way it should be and to be honest, most of cryptocurrencies are linked to Bitcoin. If it rises, the whole market will follow it.
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What’s the point of reading Bitcoin’s news and analyzing the market when you’re not earning anything from it? I don’t get it to be honest. No offense OP but you’re just wasting your time without benefits, and if you keep doing this, you will definitely regret in the near future when Bitcoin hits ATH. However, it is never too late to start due the current value is affordable. Plus, if you have no money to invest into Bitcoin, that would not be an issue due to there is multiple ways to gain crypto ( like Freelance and woking in signature and bounty campaigns ) depending on your skills and education or knowledge. Time flies so fast, we should not waste it on trivial stuff. Be productive and responsible.
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At the beginning , I was not completely interested in Bitcoin and generally Cryptocurrencies and to be honest, I screwed up when I was more into cash and looking a way to earn it. after years, I have realized how important Bitcoin is. At that time, BTC has reached $20k for the first time in 2017 but unfortunately I have not gained anything due to I had no crypto and I remember my friends was extremely happy and most of them sold their BTC. In fact, I have decided to start this field by the end of 2017. The good part I have never bought BTC and Crypto However, I have earned them by working in signature campaigns and doing some freelance jobs.
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In my opinion, Bitcoin is progressing slowly but solidly. However, we should be fully prepared for unexpected events such as sudden bear run. In addition to that, the current situation of market is volatile due to it is completely controlled by capitalists ( the ones who own large amount of cryptocurrencies specifically Bitcoin ) , regrettably they have the ability to pump and dump the value of market cap by moving their amount. In conclusion bitcoin will not hit ATH until next year ( after the halving event). In fact, it is safer to focus on long term investment and purchase as much as you can before the end of this year.
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Well, having a healthy morning routine or habits really help to improve your daily productivity. In fact, It is better to wake up early , prepare a healthy breakfast, set goals, and do some exercises. In addition to that, there is a plenty of traders who don’t succeed in this area due to they are struggling with psychological issues or difficulties ( internet conflicts), this stress and pressure would negatively affect on decision-making, you should be aware of this. Trading is definitely profitable but if you don’t have the ability to face your obstacles and overcome your problems , then you don’t belong this field. That’s my point of views.
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