What is your honest take on bitcoin lending? Too risky, won't try it? Too risky, will give it a try?
I believe it's too risky, and you might miss the opportunity to benefit from the skyrocketing price of your Bitcoin. When you lend your Bitcoin, you send the coin to the borrower with the expectation of its return based on agreed-upon terms. However, not all the time are these terms followed due to various circumstances. Therefore, it carries significant risk because while you can potentially make a substantial profit when the price increases by, let's say, 300%, you won't be able to sell it because you've lent it out. It's a matter of managing the risk. It's fine to lend, but it's important not to lend everything you have. Moreover, if it's an unsecured loan, it becomes even riskier on your part. I don't think it's wise to give bitcoin loans, considering that while we are investing, why not hold it ourselves. in other words, we want a definite profit from the bitcoins that we lend, but we forget one thing, that investing in bitcoins is safe, and no one knows when bitcoin will explode, so it's a shame if we lend our assets to other people. . because if the contract period runs out and we make a profit, of course we will lend it again, until during the bullish period we can't actually sell it, even though we lend it partly, but in my opinion it is also not feasible, because I had the initial intention to invest personally |
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I personally prefer investing rather than staking, this is because of my situation and condition, which I just want to think simple. by investing we buy crypto assets and store them in personal wallets, until it's time for us to sell. this is different from staking where our contract is within a certain timeframe and when we want to sell it while the staking period has not finished yet we can't do anything, so I don't want to be like that, on the other hand staking on new altcoins will also be a risk in itself, because fluctuations are very high, so it is not suitable for the long term
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the main thing is to deal with inflation I agree to invest, but of course invest with idle money, so we have to save money so that we have savings to invest. on the other hand, our lifestyle must also be adjusted, many people have a high lifestyle even though their income does not support it, this is the same as a time bomb, where one day it can collapse and it is difficult to get back up, because basically you already have a high lifestyle , until finally doing various ways to fulfill his lifestyle
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actually nobody can exactly tell you the date of bull. We can only predict but there is no guarantee. Although in my opinion, we can see a small pump at the end of this year and then bull market maybe come just before at the end of 2024. Although those are my capital personal thoughts. Then if you ask me about convert your portfolio, i think if you already hold potential coins then Don't worry. Those will pump hardly durning bull run. But feel free to convert some shares into bitcoin, ether,, which will be risk free and profitable
right, no one knows for sure when the bullish season will come, but I'm sure it will. usually the altcoin season comes after bitcoin has been bullish, so that can be indicated that altcoins will also follow the movement of bitcoin, or even as long as bitcoin has increased, altcoins will also immediately follow it even though it's not optimal. therefore I prefer to buy it in a bearish season like now rather than buying it in the fomo season, because there will be greater mental pressure |
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currently I only invest in bitcoin, ethereum and binance. the major coin I chose because I intend to invest long term or at least until the next bullish season. where no one knows when the bullish season will come, maybe once every four year agenda, but I'm not sure to depend on that time. so it's better for me to be prepared for the long term, this is also due to the silent money that I use, so I will be more calm about holding it, in this case I don't invest in other altcoins or even new altcoins because I prefer to invest like we are sitting relaxed on the beach
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for new altcoins I think using it to make a profit and after leaving the market will be better. but it's different with major altcoins like eth and bnb, I think making it a long term investment is also very attractive. although some new projects have a bright future, but we are hard to predict them correctly. therefore personal analysis must be prioritized, if we are wrong in the analysis, it will not result in excessive disappointment, because we are waiting for a time limit that is not known by everyone, and everyone has their own views
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the bear market this time is not as bad as in 2018, this happens because there are already many smart investors, on the other hand the trust in bitcoin is getting higher and the adoption of bitcoin is also getting higher, therefore the excessive panic in the bear season this time is not as bad as in 2018, so when bitcoin crashed, more and more investors saw it as an opportunity to start investing, or buy back to wait until the bull season comes. and of course the next bullish season will be even busier because it will increase the confidence of new investors in cryptocurrencies
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At first glance, it seems that many people are familiar with the characteristics of meme coins, where you shouldn't hold them for a long time, remembering that whenever you can pump and suddenly a dump can occur, therefore taking advantage of very meaningful moments to get maximum results. the special attraction in meme coins seems to never go out, this is proven by the emergence of new meme coins that have many communities, and they seem to be waiting for the lottery draw to come so they can finally win it
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Oos failed to mention how he managed sudden drop and high volitilities even though he said he will be following whales pattern, Bitcoin and other assets are commodities that it realities dose not follow a certain pattern and that is know it's impossible for anyone to predict or design a steady and accurate price prediction so at that.
It is very important for you to design your own way of managing your portfolio in a way that with the outcome regardless of what directions are bearable and enjoyable depending on the outcome of the border at the end of the session.
in trading we can only take advantage of opportunities according to our understanding, so there are often differences in analytical views, and that is a natural thing, and profits or losses are normal, as long as at the end of the month we still get the remaining profits so that we can increase profits at the end of the month. next month. and of course with the plans that we implement we can fulfill the portfolio that has been scheduled and achieve the results according to plan |
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risk management must be applied in trading, so that before we make a transaction we will know the possibilities that may occur, that way targets and stop losses must be applied, so that if the analysis is wrong, then we already know the losses that will be faced, so we must comply, because many of us are actually risk management has been implemented but in practice it is difficult to implement, this is the result of a psychological attack, thus disrupting the initial plan
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Having your own strategy is very important for a trader, who must have his own thoughts about the market, so he can assess his trading progress. gain or loss I think is the umpteenth point, but a healthy trading method is the main thing to be able to survive in the market. healthy trading can be done where we lose according to planning and profits with logical targets, and cumulatively we still have profits, because trading will not always be profitable and we must be aware of it, so being able to manage risk is very important
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In this life we are actually always given a choice, no matter what the choice in life will always be there for everyone, but sometimes many people forget that choice. What I experienced too, the world of work is indeed very monotonous, every day always has the same routine. Going to work early in the morning, and in the evening sometimes even going home at night. It just goes on like you have no control. In fact, there are many job professions that force workers to not be able to take a day off. Such as security guards, restaurants, and farms.
But we as humans must be able to think ahead, in essence, we must dare to leave the safe zone of work. Being an employee or staff in a company is already guaranteed, in terms of salary and pension. But actually not worth the time to be spent. Therefore, you must be able to have the courage to pursue what you dream of and get out of that zone. There are many things that can be done, the most important thing is to be prepared with all the consequences. Because if you get out of that safe zone, and for example open your own business, you will definitely be obliged to work harder and the risk will be borne by yourself. But in essence, it is yourself who is the boss, and you are also the one who manages the time when you are going on vacation. And in essence, the problem is that it depends on one's own choices.
The problem here is that many people do not know what they really should spend their lives on. This question is associated for them with an indescribable fear of the unknown. And although the idea of freedom attracts them, it still remains unrealized, because the fear of the unknown and the responsibility that this freedom entails turns out to be much stronger than the supposed benefits. It is for this reason that most people perceive hired work as a safe harbour where they do not have to make decisions and bear responsibility. And even if this is associated with a very conditional meaning, but they have it, and this meaning is generally understood and generally recognized, in contrast to the one that a person builds for himself on his own. Many people are only living there lives without purpose. They go to work from morning and closes in the evening and that do not tell them that they are not living a suitable lifestyle that will give them freedom to go to any places they feel like going without anybody restricting them. We don't need to live our lives to please the boss or the government for those working as a government workers especially for many years. This is a bondage that many people that are working to please there bosses faces. This is why it is very important for us to make sure we get a good skill that can make us create our own job where we work for ourselves not to please a boss. therefore financial freedom becomes important in our lives, where we work not bound by leaders, because we are the leaders. it's not easy to be someone to become a person who has financial freedom, where we have to be able to fight with the harsh conditions in this world. being an employee at least has a business that can support so that our brains are always running, so that it is possible if something bad happens, then we still have a handle for life in the future. Many employees leave their world because they have a reliable business |
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Nowadays we can see very many people who are highly knowledgeable but they cannot use it well, and the income they get cannot be enough, and for me only one problem for that person is laziness that always haunts him, because nowadays there are very many successful people but they only rely on experience and work hard and finally they can get everything they want, So in addition to having knowledge, we also have to work hard.
Having knowledge does not mean that someone has to stop working hard because hard work is the first motivation that must be owned by everyone in this world even though someone still has little knowledge. Because there will be no results that can be picked if knowledge is only stored within a person without being applied to his work in order to generate more income. Actually it's quite easy to understand because working hard is the basic foundation in life, while knowledge is a tool to make it easier for someone to work so that they can save more energy on themselves. this really depends because there are a lot of knowledgeable people in business that got rich because they do hussle a lot like they know what to invest to or put up a business and they just need to hire someone to run it then its done. Though working hard is always a must but it is still better to work smartly as you can get the same results with little effort. This is like working hard in a job that you thought you'll get an increase but it was opposite youll get more task many people are highly educated but do not have a place to work to develop their knowledge, so work is not in accordance with their field, and of course they will not get optimal results, while they do not have other skills than that. therefore intelligence is needed to develop oneself, being smart is not enough to face the current era. that's why many smart people develop their businesses and start new challenges, so that their businesses expand |
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most people will improve their lifestyle as their income increases. or even the necessities of life will appear on their own as the business grows. therefore we must be able to be people who remain simple even though the business continues to grow. On the other hand, political factors cannot be separated from bigger businesses, and of course we must be able to calculate them properly, otherwise it will backfire on ourselves, which will eventually stop our business.
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I believe bitcoin and banks are well renounced investment platforms but many people prefer bitcoin investment despite is very risky because of high demands and rising price interest and banks on the other hand saves millions of people finances all over the world yet their investment interest is very small but less risky than bitcoin. Which do you preferred your money to be save in as investment? Bitcoin or bank! What's your reason?
Putting your money in the bank is not a form of investment; that's called saving your money. On the other hand, Bitcoin is a pure investment since its value can rise over time. However, like any other investment, there's always a risk, and Bitcoin is considered a high-risk investment. Additionally, don't assume that saving your money in the bank is entirely safe. While they may have insurance and you can recover your money if something happens to the bank, you need to consider inflation. The more money you save in the bank, the more you will be affected by inflation. Therefore, the right approach is to save less and invest more. In our case, it should be in crypto. Investing in a bank is the same as saving money in a bank and getting interest that is smaller than the increase in inflation. but I see people nowadays prefer to invest in assets and can generate passive income, such as a rental business, and save in the bank only as needed for urgent needs. to invest I personally prefer bitcoin, because we can invest according to the amount of money we have and can grow bigger than other investments. unfortunately at this time not many people understand investing in bitcoin, if they understand later, it will be an advantage for those of us who are familiar with bitcoin first |
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I don't know how I make decisions as a boy.
My father is a military man. He has served in this military sector for 25 years. His term of service is almost at an end. After two months he was going to retire from the job. He will get retirement pension after his service life in the military sector and he has many plans based on this retirement pension.
His first dream is to build a house with this retirement money. But right now in my country all the materials needed to build a house are very expensive so building a house right now can't be a good decision. And I don't feel safe keeping his pension money in the bank because earlier there was inflation in my country where some banks went bankrupt.
So right now I am not able to give him any proper advice as a boy. But one thing I've been wondering for a few days is if I invest half of my father's retirement allowance in Bitcoin, am I doing something wrong?
I feel like if I invest half the amount in Bitcoin for a year after receiving his retirement allowance, I might be able to hand over more money to my dad at the end of the year.
Hope I get proper advice from you.
I know your intention is to want the best for your father. But can I ask you, how old is your father and wants to make more money than he wants, or he just wants to rest after spending his life in the military? For older generations, like our grandparents and parents, they have spent their whole lives working and earning money, and it's time for them to rest and enjoy life. Bitcoin is a highly profitable investment that young people have always aspired to have, but retirees, I don't think they will be passionate about it. So let your dad decide what to do with his money, you shouldn't interfere. Regarding you, if you want to invest in bitcoin, make an effort with your own hands, we are young, and the opportunities are still a lot. Retirement can be said to be old age, where people live to enjoy the rest of their lives. I think that if you invest in bitcoin, of course living people still have needs, and of course investing for the long term, it is very profitable to invest in bitcoin, but there is no certainty when you will get a profit. What comes to my mind is when I hear price fluctuations and it suddenly crashes, does it not affect my health later. I agree let father make his choice so that he can enjoy the rest of his life, only health is his treasure |
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i didn't get to see HAVING PATIENCE in the list because this alone is another side of the business, no patience no chance of good reward, am likely to stimulate around the whole scenario of an investor. i see it as a hard task for me to handle.
Well the list of OPs are actually a good characteristics of a good investors. I think what you said it's already a part in the listed since for example, if you are a good planner then you would follow what you have plan right? Then that's the patience will entry, because without patience then probably you would get bored and do something risky that could result that you just wasted what you have planned. In any aspect of being a good investor patience is always a key to success because if you want to be rick quick then patience would literally be gone affecting the listed of characteristics posted by OP. So maybe you say that patience has become a unity of what the OP conveys in the point or becomes an implied message from the points he conveyed, seen from the characteristics conveyed in my personal opinion, it is likely that patience has become a part of us Understand and must be applied in the basis of an investor, it is impossible if a person who is good at managing does not have patience, but it can be as great as he can manage there is one point of time losing patience that makes him destroyed in investing. Patience has indeed become an important element in any case let alone invest in Bitcoin. patience is the main key to success in investing, especially in bitcoin where we don't know when the bullish season will occur which we really hope for, therefore patience is needed to carry out the plans that have been made before. actually this is something that is easy to say and we often hear it, but many of us always violate this rule of patience, even doing it repeatedly. therefore the need for experience to train patience in us |
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The only thing that worries other bitcoin holders right now is that the fees to make a bitcoin transaction may still be high. Now, if you ask if it is still a wise decision to invest in bitcoin, my answer is yes. Although there are some things that I still consider that should be considered in the risks that can be faced with Bitcoin, but still, of course, it is still up to us. What do we really want? Pros and cons of Bitcoin https://www.cointree.com/learn/pros-and-cons-of-bitcoin/Bitcoin transaction fees have come down to a somewhat normal level now that it is possible to make transactions in Bitcoin if desired. And those who invest I don't think the transaction fees for investing are huge. Investing in Bitcoin is always a good decision because Bitcoin can be trusted more than other currencies. If the advantages and disadvantages of Bitcoin are discussed then the advantages of Bitcoin will be more in comparison. Most people think that investing in Bitcoin is very risky but investing in Bitcoin is not only risky but investing in any other platform is very risky. All things considered, investing in Bitcoin is wise. I pretty much agree with what you said that investing in Bitcoin is a smart choice because it's really proven. I have not seen anything over time that its value has decreased, instead every time there is an upcoming bitcoin halving there is always a rally in the price of Bitcoin in the market. Especially now that the halving is coming up next year where many bitcoin communities hope that its value can reach 100k$ or more depending on the demand. And for now, everything is back to normal when it comes to transaction fees. to support that belief we must have knowledge of bitcoin, so that we have a foundation in holding bitcoin as an investment. with good knowledge, if the schedule or prediction for the increase in bitcoin is not as expected, then we don't give up, and can relax in dealing with it. it seems simple, but it's hard for everyone to do considering that there are still many people who experience losses in investing, that means a lack of knowledge and psychological stability, or even the initial goal is to get big profits in a short time |
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It's normal for a trader to experience losses because no one can predict the market and even profitable traders agree that. But there are many traders who win a lot in a bullish market rather bearish. Here in crypto, if the market is bullish you can possibly earn multiple of your capital and can be up to 50x or 100x, it happened in year 2021. A lot of traders even newbie traders are getting rich because most of their strat are working since the market direction was always going up. But when bearish came up they disappear.
Aside from that, I only base on my analysis in the chart, I won't say Bitcoin is seasonal.
In the sense that it has bearish and bullish trends that occur at different times in different years, we can call Bitcoin seasonal. Maybe it doesn't have a fixed season when it goes up or goes down, but since it is volatile and it is always likely to go down when it's up and go up when it's down, we can clearly say that the price of Bitcoin is seasonal. It obviously is normal to incur losses when you are trading or doing any kind of business, nothing can provide you with constant profits and you will surely have to face some hard times during the course of whatever you are doing. what happens to Bitcoin is unpredictable. Even if it's called bear season or bull season, we can only make trading predictions and investment plans based on what's happening in the market. simply those who invest in the market will buy when the market is in bear season. and sell it during the bull season. but that is not a guarantee someone will benefit. because seasonal periods as you said can never be predicted. That's right, price of Bitcoin is unpredictable because if you do you would be rich now. We can only anticipate for long whenever the price goes back to the demand zone and anticipate for short whenever the price goes back to supply zone. Since we can't predict the next move of market, that doesn't mean we can't determine if it's now bullish or bearish. We have tools and knowledge to analyze the market if it really bearish or bullish, by doing that you can increase the chance that the market is really bearish or bullish. all analyzes are based solely on the opportunities of each person's analysis, so it would be natural if there were differences in analysis, and no one knows which analysis is correct, therefore sticking to personal analysis will be better. actually trading is only risk management, so it is very possible for us to experience losses, but what percentage of losses must we set according to our analysis. that way we have to find a way to get a bigger percentage of profits |
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Hi there is a lot of talk about finding opportunities to make a x10 or a x100.
But I think it is easier to make a x10 by selling short...any tips to get the best ROI possible by selling short?
How can I know which coins would have earned me x10 if I had sold short in the last few months?
It's possible but not possible to hit everyday, it may happen on an very odd day for someone but that amount of ROI isn't realistic and you should never be focusing on such things, instead of that just go by the old school way like aiming 5% for a day which itself high in reality but compared to 1000% then 5% seems quite reasonable.  5% every day is a very good achievement, within a month you have earned 150%, and if that is fulfilled then it becomes a very good business to live in. however, in mathematical calculations it may not be as good as in reality, sometimes we also have unlucky days, where what we do is always wrong, therefore it would be good for everyone to assess themselves, with their abilities, what percentage targets are logical for run as our portfolio |
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