~snip~
Before you get to invest in crypto or bitcoin endeavor to know about the basics so you don't end up taking wrong investment decisions about it, so you don't send the wrong message or signal to people out there that are yet to know and partake in the industry. Just like one of the photos I put up a alleging how "crypto is a biggest lie", and bitcoin isn't excluded in this statement either.
Those people who spread FUD on the internet are someone who really loses lots of money because they have a weak mindset or someone who just want to buy at a cheap price so they spread FUD to make the crypto price goes down. Its sad for those people who are always bad talking about crypto on the internet but in reality they keep accumulating crypto |
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Indeed, there are not a few projects that have a credible team behind them, but in the end the project is a fraud. But at least with a credible team that builds a project, it will gain trust in the eyes of investors. But we must realize that no matter how good a project is and have a credible team, there are definitely risks in investing in crypto currency.
Well, any business involves profit and loss, but the crypto currency market is a very risky market and the risk of loss is high here.If seen, sometimes a very good and big project is also scammed, As the example of Luna and FTT , but in the top and good coins of the market, such rates are very low. There are many projects that are realized at the very beginning that they have no future. After our little hard work and research and information we can find good and best projects and protect ourselves from scam projects, because the fraud project team is always very capable, they take people to their side and deprive people of their capital. Yeah, even top altcoins were dumped really hard. We can't predict the future of a new project because in this market its really volatile. If we want to avoid a scam project then its better to invest in Bitcoin rather than look for a new project to invest. I really hate when a project goes scam because the team abandon the project without any real effort. |
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~snip~
How about you people that had a tutor, were you able to be taught in a way you do not lose in the beginning? I only started to make profit some months ago and till now though, but I lost for almost 2 to 3 years. Maybe tutoring can help to avoid losses?
In the past I was trading with my feeling or luck only and end up losing my capital, but after that, I'm looking for a way to learn how to trade and how to use technical analysis. Well it would be great if I have a tutor but unfortunately I don't have one and learn from videos and articles about trading. I find it hard at first try cause many of my analysis goes wrong but after a few times trying I find the best method for myself. |
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I also support bitcoin education for children. However, as you said, bitcoin is related to money, and it is very easy to harm children if we are negligent and not really serious about imparting knowledge to children. Education about finance and bitcoin also needs to be educated at the right age, not indiscriminately taught. I find it ridiculous that many people applaud and support teaching bitcoin to 4- and 5-year-olds.
Yep. It is not necessary to teach children below 5 years about Bitcoin investment. Children 4-5 years old prefer to learn about common things around our environment, it is not the right time to learn about finance or investment. At least, they are already in Senior High school, at this age they have the ability to understand more serious things such as investment, finance, money management, etc. Sure, learning our children about Bitcoin is okay as long as we teach them about it at a proper age. Well it would be rare to find kids who want to learn Bitcoin at a young age I guess, since they prefer like video games, school, sports, etc. we should know what our kids love because it will help them find what their passion is. I'm supporting if a kid wants to learn Bitcoin or cryptocurrency but I should keep attention to his mind too if he has a greedy mindset then I will recommend he focus in his school first. |
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I think the biggest factor that makes it difficult for money to come at this time is the world's sluggish economic conditions, when economic conditions are sluggish it will disrupt the circulation of money, many people hold back money so that it makes business or work difficult, this is what makes us have to look for alternative source of income.
Yeah since inflation is really high recently many people withdraw their money from banks and end up buying gold for saving their money value. Also, many businesses go down too since they can't pay worker salary and not generating enough capital to buy other raw materials to keep production go on. I agree if we should looking alternative source of income since there are lots of oppourtinity in the internet. |
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Undoubtedly, it is better to use extra money in investments. By extra money we mean money that we don't really need in our life. That is, if for some reason those moneys are lost from our life, then the money that does not affect our life is called excess money.
Investments involve financial risk. And we have to invest with the acceptance that our money is at risk. If for some reason there is a lot of volatility in the market and a large amount of money is lost from our invested money, then it is basically said to invest with extra money so that the lost money does not have any bad effect on our life.
I guess everyone needs their money in their life, only for those who really very rich don't need their money. Rather than saying we don't need that money so we can invest in something I guess we can use a little percent of our income to invest since lots of people don't have a big income out there. And make sure that a few percent of our income is money that we can afford to lose but that doesn't mean we don't need it since we should be grateful for that money and use it very carefully by learning the investment or researching the project. |
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Hi!
I have heard about Bitcoin back in 2017 but never got to learn regarding about it. I always thought that crypto was a fluke and that it would definitely not be a type of transaction until pandemic happens. So, as the title would suggest, is it too late to start investing on crypto? And if not, what would be the essentials to learn on working on it?
Thanks in advance!
It's not late friend but you have started learning about cryptocurrency at the right time. and since you have been hearing about Bitcoin since 2017 and are slowly running towards gaining knowledge. I think you have long been aware of the various requirements and security of Bitcoin. Learn more about Bitcoin, how bright its future is and how easy and convenient it is to trade with Bitcoin. and if you've made a profit in these relationships, you've definitely got the power to invest. So you can invest by learning everything. And if you want to invest at this time you will not have any loss then it can be best for you. Absolutely its not late for anyone to start learning about Bitcoin, but keep in mind that we should know if Bitcoin is really volatile and there are lots of people who always try to scam us with many methods. Its will be best if you can learn with your friend who knows Bitcoin better since he can guide you in learning about Bitcoin or anything in this crypto space. Most people will confuse about what to learn when they come into this crypto space since there are already a lot of things to learn tho. |
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FOMO - Fear of missing out.
For me, it was actually this year. I actually looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.
FOMO is usually affecting new people in the crypto space because we often see new people in crypto just want a quick profit from altcoins that's why many pump and dump altcoins almost like 100% in a day or within a few hours. If you missed out $PEPE then you can always look for other altcoins with your own research, don't easily fall to FOMO because an altcoin become trending. |
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The reason why many people has not been invest, is because of the Bear market, which is really affect Bitcoin price and Bitcoin is the driving force of cryptocurrency market, which to invest in alt-coins has been a challenge for New investors to come in to cryptocurrency market investment is the challenges crypto is facing today, but sooner, cryptocurrency market we explore the world.
Its the complete opposite. I personally believe that this is the perfect time to invest in altcoins knowing that their value are still low and there are a lot of hidden gems waiting to be plucked by investors. There are uncertainty of course but we are talking about investing, investing always has a risk. I don't want to be my old me where I'm buying and investing on tokens where it is on or near its all time high. We are in a cycle and I think that I'm doing what successful investors do before. The hard thing to do today is to find the coin we need to invest on. I agree that we should accumulate more in this bear market because not a lot of people want to invest in the bear market because there is so much FUD spreading in the crypto space. If we have a hard time finding a good altcoin just go for the top altcoins in coinmarketcap it will save our time from researching a new project. But even a top coin in the marketcap is able to become a scam in the end. Don't easily get affected from other people FUD and keep our mind strong. |
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Friends, I have download different apps from forex trading and I use most of them trying to trades bitcoin but it seem too difficult and failing, forex indications and signals are not a match when compare to bitcoin so every buys or sells I end up close the market with red lines of loss. I want to know if there is a bitcoin trading apps, that's mainly for trading bitcoin? Like the blockchain but I need local apps or website links. Please assist with good response.
There are lots of Decentralized exchanges and Centralized exchanges out there that you can use for your trading needs. You can go to coinmarketcap and go to the Exchange section and choose what kind of exchange you want to use after that it's better to pick the top exchange with a good reputation since there are already some exchange goes down in recent events. |
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