For those who are not familiar with crypto, they will think it is just a scam and a waste of time. Those who have to spend capital, it is very difficult to convince. to convince them of course we have to give them proof, as you say. Human nature does require certainty and tangible evidence. And I salute your son, 4 years old already able to earn in crypto. this will be a future opportunity as a billionaire.
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Of course, if bitcoin has provided maximum profit, I don't think it needs to be held back anymore. If you always hold on, when can we enjoy the results of trading bitcoin? When we hold on to bitcoin, it means that we already have a desire to get bigger profits. But talking about the current price of bitcoin and compared to 2019, I think it's time to enjoy the results.
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Holding meme coins has reasons for many crypto users, but some of the reasons we've seen are unacceptable. Since a meme coin is so close to being a scam, it could have been abandoned by its owner. For me, if still have a meme coin, there's no need to hold it anymore. If there is an opportunity for us to sell, then immediately take advantage of it well. Because we can not guarantee, that the coin will last long.
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I don't think Corona has any effect on crypto. The reality is that ever since the Corona virus appeared, the prices of all cryptos have increased a lot. Although there is a lot of information about the new Corona variant, I'm still sure it won't give crypto a bad value. Price movements are influenced by many other factors, not because of the currently announced Corona variant.
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Those who trade in large numbers some of them often use bots, for me trading bots is better for those of us who are always actively trading in crypto. But keep in mind that bots also cannot provide 100% profit, some traders also experience losses due to using bots. Here you need to be careful in choosing bots from companies that sell them. Look for companies that manufacture bots and the bots they sell are often profitable.
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Dump and Pump has become very common in the crypto market. when talking about technical analysis, this is one strategy for traders to open trades, but when opening trades you have to really analyze the market well, whether the dump will end or will it continue to happen. well here really need knowledge about the market for traders.
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Explaining the basics of how bitcoin makes a profit and can provide financial freedom of course. If the beginner already understands about this, the rest he has to read on the news and also watch youtube. On youtube also very much explains how bitcoin exists and has a very high value as it is today. Those beginners will surely expand their own knowledge if they already know the basics and already like trading with bitcoins.
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Very nice experience, I really want to try something like yours. There are still very few countries that use ATMs that can make Bitcoin transactions. This process is known to many people and other countries can use Bitcoin transactions through ATMs. As you said the process is very fast, this is a positive value that other countries should follow.
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So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:
1) Take out the profit to either bank or reinvest when there is another dip 2) HODL in the hope that it keeps rising and rising
Both of these options are equally good, in trading traders who will trade always wait for the market to go down. They aim for market conditions like this to survive. our target is to achieve maximum profit, I think we take that profit and do not need to hold back if the desire has been achieved.
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You don't need to think much when you are buying something but when you want to sell there is always a fear that what if the price increases? As a boy belonging to middle-class family, I don't have a large share BTC hodling and now I am unable to figure out what should I do? Here are my few questions...... Should I hold for more time? Should I buy some more now only or wait if the price dips a bit?
I think when you believe that this is the right time. If you doubt the rise and fall of prices, you will never be able to make a decision about the trade. All traders don't want anything bad to happen to him, but what we need to know is that the market is volatile meaning we can't predict with certainty. For me a trader must have a target, so he never hesitates with a decision. Because management in trading will be done based on the first target in trading.
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I am a person who has never believed in the extraordinary rise of bitcoin as it is today, bitcoin also provides benefits for me. My mistake can't be patient all this time to hold bitcoins. But this is not a problem, I have made a profit and bitcoin has given me financial freedom to fulfill my needs.
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You give a review between profit and loss in trading, in my opinion if a trader always learns from mistakes for the next trade this is the best step. Talking about losing or stopping to trade I don't think it's a last resort, we should practice skills and improve better trading techniques based on experience. If you have to stop, you will forget all past losses when you continue trading in the future.
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Which is the best for day trading in your opinion in terms of reliability and profit? In terms of profit maybe the cripto, but in terms of reliability Forex. Cripto is like gambling I suppose, you have to check the trollbox, the news and hope to jump into the train fast enough to not be burnt.
For me it is safer to trade in crypto, even though both are money exchange for money but I see profit and crypto is lower risk than forex. I used to trade in forex, but because the trading management couldn't be controlled properly so I lost everything. Very different from crypto, it is very less likely to lose everything we invest.
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Yes, forex trading is very risky. Forex trading is determined by time, the decision when we open a trade means we are ready to lose if the analysis we do is wrong. I agree that investing in cryptocurrencies is safer, because we can survive if our analysis is wrong. we can also minimize such risk with crypto.
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the key is to be consistent. if traders start small I'm sure if they are consistent it will slowly become a big number. trading steps should not start with a big one, if you are new to trading you should do it with a small amount, when we have mastered everything just start with a big one, this is better than not being able to control emotions if the amount is large in trading.
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hi guys please help me
how i can learn about traiding
still im on 0 level
from where i can start???
you should read to explore crypto systems and see tutorials on youtube on good trading techniques. then learn how to manage finances as you enter the market. lest we lose everything we have. you have to be patient because the process to have skills must be trained properly, everyone who is successful in crypto has also experienced the bitterness of learning and requires patience. you immediately start by reading and viewing tutorials on youtube so that you are closer to the market.
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How to take profits is sometimes always different for every trader. for example there are traders with luck so quickly get large amounts, there are also losses in the beginning and profits in subsequent trader.
Losses in trades that occurred with me have been covered, with trading knowledge and experience I can earn as I want, although some trades failed but I did not lose large amounts. Until now trading is an effective solution for financial freedom. I don't know how long this will last, the point is I have to make the most of it.
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Everyone knows that for good trading you should control your emotions. Just because emotions are not good thing and it cause numbers of people to loss their money. Some people are in fear that the price will down more and more and due to this fear they sell at low price and loss their money. Emotions are very harmful. Sometimes an individual does not wait and their greed become a great cause of their loss in trading.
True, emotions will only end in regret. With very unpredictable market conditions, making traders in a dilemma and difficult to make decisions, so knowledge and experience are needed to avoid making wrong decisions when trading in the next trade. As you said about greed, greed will ultimately mess with emotions. So it is very important to set targets in trading.
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If you have taken advantage, you should be happy. It is very difficult to predict what will happen to the market for the next day. If you take steps to invest in the short term without waiting for the dump to occur, it is feared that what you hoped for would not happen. Initially for short-term investment in the hope of increasing profits, I'm afraid there will be a dump and your final solution will hold.
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for me you just need to step back from all the risks of banning the use of certain countries by binance, because it is very fatal if you are still trading under various disguises because of course the prohibition system stated by binance is very strict for users to no longer access to enter and immediately take assets you and trade on other exchanges without having to binance. i have finished it
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