|
This is true that sudden decision is not always right sometimes a sudden decision may results in someone's failure so keeping emotions in control will provide a smooth way of earning.
Entering into market whenever the market is green is not a good decision because people will think that it will be more green in coming days but it goes down so taking step with active mind is necessary. Before going into trading try to learn prior to trading that when you will enter the market and when you have to leave the market because entering time is most necessary thing which every individual cannot predict.
|
|
|
|
|
The prediction of future is difficult but i think that if more people buy bitcoin then bitcoin price will goes up but as the price goes up so may be it is possible that people sell their bitcoin at a higher price during halving so huge dump will occur in the price of bitcoin and no one knows that when this dump will ends.
I think this year the price will touch 40k if the market continously goes up for certain months so at the end surely the price will up than 40k$. Lower price is good in a case of buying so people will gather lots of bitcoin at lower prices so they will have maximum profit whereas those who get afraid of lower price and sell their bitcoin will regret in future when they will see enhancing price of bitcoin. We don't know about the ups and downs because market is not understandable but we hope for the best as we have seen the best past after price reduction.
|
|
|
|
|
I think if you have more money or less money but learning first is very crucial because if you don't know what to do and how to manage risk then it will not be possible to achieve your desires. It does not mean that if you are wealthy person then just putting money into some business will surely give you profit, learning is also very important.
It is reality that people always learn about those things which he can buy and if person does not have money then he is not interested in such activities because he know that he cannot use money in this field. It also depends on the interest of individuals, an interested person will learn by himself while those who are not interested will just put money and think that this amount will multiply regularly without doing anything which is totally wrong concept.
|
|
|
|
|
In my opinion those individuals who have responsibility of family and have to fulfil the needs of a family never spend money without planning. A responsible man always control expenses but those individuals who don't have any responsibility cannot control expenses and spend lots of money in useless activities.
Everyone wants a luxurious life but it depends on a person's situations that whether he can afford it or cannot maintain a better life. I will suggest that minimize your expenses so it will be easy for you to maintain a successful life otherwise your future will be stressful as one who don't plan when he is wealthy so he regret when the time passed.
|
|
|
|
I am a bit worried about the bitcoin market because I have invested a lot of money in bitcoins. When the bitcoin market is good, I feel very happy because then I get a lot of profit. And when the bitcoin market dumps, I get very worried. Have to be in loss. But hopefully if the bitcoin market is good all investors will benefit a lot. Because when the bitcoin market was dumped we had to be in a lot of loss. When the market become good then take your profit because market is unpredictable and when you have taken your profit and the market again downs then there is no need to be worried because you have taken your profit from it. Person will face loss only if he is not in a condition to wait more, people not always face loss due to impatience but sometimes people needs money for something else which is very important of life therefore they sell their bitcoin with loss so its not a fault but its a way of fulfilment of life expenses. The better way will be that utilize unnecessary amount instead of amount of daily uses and wait for the price enhancement when you think that now you will face loss by selling your bitcoin. |
|
|
|
|
I think bitcoin is not under the control of government so its something difficult to legalised bitcoin in such countries where there is no permission of bitcoin investment. I know you heard about the success of bitcoin therefore your desire for its investment increases so may be in coming years the government of Bangladesh accept bitcoin because hopes sometimes come true.
I will suggest that if bitcoin is banned in your country then you should select some other way for investment because setting hopeless and do not select another way does not suited well. If you choose another way of investment so whenever bitcoin become legalized in your country then take profit from that investment and put it into bitcoin. But if it does not legalized in your country after years then you can choose another country where bitcoin is allowed for investment.
|
|
|
|
|
Landed properties are the best of getting rich because those who are well settled during this age are those who have large portion of lands from their parents. The price of land never goes down but it will continue to rise year by year so putting money into land is very beneficial way of getting rich as well as to continue life as a wealthy people.
I think that those individuals who don't have any land from their parents will start their journey of success from the starting point and it will takes a lot of time. The value of land appreciated over time so it will be very useful option if one select landed investment.
|
|
|
|
If you already think bitcoin is better than altcoins, why do you need to diversify with altcoins? this doesn't make sense with your statement and I don't think investing in altcoins is diversification. because the altcoin market depends on bitcoin, if bitcoin falls, then no altcoin will be able to bring you a profit. investing in altcoins only increases your risk, but if you can take the risk then you have a better chance of getting a higher return. Bitcoin is always better than any other coin but bitcoin price is so higher that everyone cannot afford to buy it and put money into it. As we think that bitcoin price goes down so its down but not as much as everyone will be able to buy it as its basic price is more higher. So those who cannot afford to buy more bitcoin should buy at least it by utlizing 10 percent of income and should also invest in some other altcoins so whenever the bitcoin goes up surely the selected altcoin will also goes up so in this situations you will have double profit. You are right that taking risk is not a big deal as one will only be a successful person once he moves across both straight and zigzag path as in this way experience is built which can be profitable for you and those who are afraid of risk will always shy to take part in order to be successful. |
|
|
|
But you can do both, I am doing both things right now. When I earn from my digital market work I spend some of it in trading. Being a freelancer in this world is good thing because you can handle your own time and money. You can try different investments , you can monitor your assets sometimes, both can have a huge earning only if the one who trades knows what exactly he is doing. Both are beneficial and one can do both of them but it will be more risky if one do not know about trading and use his income in trading or something else for online earning because its not easy as people Says but it requires sharp and active mind. Both will be full of advantages and you will be able to get income through online and offline jobs if you completely learn about it. I think one should just maintain little sum for investment so your salary will be enough for daily uses and you will be free of tension as you have fixed amount of investment. Time is required for doing dual jobs so if you are not free then put money into bitcoin and leave it for years so in this case your income will surely increase through bitcoin and you will also continue your offline job. |
|
|
|
That's how it has been for a long time, people can't live without money and because they don't have money many people are willing to do anything to get money. So if that's the case, it's clear that money really does control humanity. But I do not agree, about all things can be solved with money. Because even though money is now king and subconsciously can control mankind, not everything in this world can be solved with money. Because if you think about it and examine it more deeply, the fact is that there are many people who commit suicide, even though if you look at it from a financial perspective, they are really well-off and wealthy. The question is, why did all this happen, even though these people did not lack money, why did they decide to commit suicide.
So the answer is clear, that money can't solve everything, whether it's about happiness or about self-satisfaction. in fact, money can make someone a bad person, if that person cannot control himself over money. Indeed, maybe it was all done for the survival of his life and his family. But not a few too, people who are already rich, are still bad people and it's all for the same reason, namely to get money.
So here I can only conclude, that money is very important in everyone's life right now, but that doesn't mean that if you don't have money, everything will be destroyed and end up like you have no hope anymore. So basically don't want to be controlled by money, but we as human beings have to be more able to control that money. The meaning of my words are that money is important but its not possible to save life with money because there are lots of people who have money but they cannot save their lives even through treatment from foreign countries which implies that money cannot save life but it can make life satisfied during living a life. As you said that people suicide even having money so I will tell you that the desires of people never ends, at some points every individual will be deprived of anything my be it little or more because money can fulfil needs but desires of a man always remains incomplete. |
|
|
|
As we know that the Bitcoin community is spread globally and continues to increase, moreover the support of many companies and millionaires in the world so that the future of Bitcoin will continue to improve even though the economic conditions in 2023 will collapse, and it has happened but Bitcoin continues to grow. Bitcoin becomes more acceptable during inflation period because people become tired of walking anywhere for the purpose of jobs. I think that bitcoin will be more stronger when economic crisis occurs because we have previous history in which there is always an upward movement in the price of bitcoin under such situations. I don't think that economic crisis can have any impact on bitcoin in opposite direction to our hopes. Previously when coming out of the homes become difficult then people give more value to bitcoin by accepting it as a way of earning more profit. |
|
|
|
They can wait for prices to go lower, but only if they know when to wait. Here analysis is needed to support the strategy, so it's not always a good idea to buy anytime and at any price if you have a budget. You could make the wrong decision by buying at the peak of the increase, while you no longer have a budget when the price is actually experiencing a correction. So besides DCA that you can rely on, analysis is also needed.
You can diversify as much as you want. You can pick a few potential altcoin, but I think you should have a higher percentage of bitcoin than altcoin in your portfolio. Bitcoin is good as a long-term investment, but not for many altcoin. Diversification is very beneficial but for those who knows better about the altcoins and can predict the price for the future through analysis. What do you think that which altcoins will be the best for future success and earning huge income? I think that bitcoin is good as compared to the other altcoins because we have experienced its past as well as we can see its present so surely its future will also be fruitful. New altcoins are originated but we don't know that it has the potential of giving you a profit or its future will be risky. So diversification is important and profitable but knowledge is also needed about altcoin that which altcoin will be good. |
|
|
|
Buying is indeed best in bear market but never forget about the idea of buying everytime that you have funds .
Because our chance is always there as long as we are willing to keep holding at least for certain time. This is true because if you have money and you wait for the market to lower so when the market downs and you have spend that money then how you will pit that amount in Bitcoin, in this case you will miss the opportunity to be a bitcoin investor. The better way is that whenever you have some amount of money then surely put that sum into bitcoin because bitcoin can never disappoint you as you know that for some time bitcoin will show down price but surely one day you will be proud of your decision by examining your success. If a person wants to make investment in some other coins then waiting for lower price is not a bad option but for bitcoin investor every single moment is the best to put money in Bitcoin as its price increases year by year. |
|
|
|
- Never watches the chart for long time period and gets worried
- Have his own prediction and continues to invest following DCA
- Always have the long term focus. Never looks for immediate profiting
- Makes use of every opportunity to buy little and never miss opportunities
- Rather than keeping the funds idle tries to increase the holding through trading
Yes exactly those individuals who did these things always considered as a successful bitcoin investor because in short term people will often makes mistakes as there is little time to take decision but if an investor keep his bitcoin for longer term then he will not be in trouble due to lower market rates as there will be hope that one day it will again rise to the previous worth. Successful bitcoin trader will not spend his money in useless activities but actually he will save the amount for investments which help him in making a prosperous future. Also a successful bitcoin investor never depends totally on others but make their own thoughts by keeping in mind the conclusions of other successful investor. |
|
|
|
In my opinion, the thing that keeps paper money going is the central bank which will provide guarantees, as long as there is still a government and a central bank, paper money will continue to circulate, and I think it is only natural for the government to take care of paper money because it is easier for the state to control paper money than the system decentralization. Paper money is under the control of government whereas the bitcoin is not under the control of government so government will always prefer that type of currency which is easy to control for them. Everyone knows very well that the value of paper money cannot be denied until it is in circulation and bitcoin will be accepted by 10 or 20 percent but all individuals never accept bitcoin due to its volatile features whereas paper money cannot change its value or state so therefore I don't think that it will ever be loss its worth. Paper money is permissible in every country but some country's government has keep banned on bitcoin so in that countries circulation of paper money can never be ceased. |
|
|
|
You are right there, the price will not go down forever and the market can also recover after a correction. We've been through a lot of the same in the market and that has given us a lot of experience in how we position ourselves. If the existing experience is not utilized, then the opportunities will also be wasted.
Getting returns by holding and ignoring volatility isn't luck, but I think it's the best reward for the holder's patience and calm and optimism. They deserve that return because they are optimistic that bitcoin price volatility is normal. Success comes but for success we have to be patience because sudden success is not possible always. There comes a day when you get the prize because of your patience as we heard that the those people who keep calm and wait for the best will always get the best. I thing that no one is unaware of volatility so that will be a successful person who accept unfavourable conditions as well because in favorable condition everyone get profit as it is easy but the real success is that which a person gets through his patience, knowledge and bearance. |
|
|
|
It made you happy when theprice touched 30k for a moment and then its just stays right there for awhile prolonging your happiness and made you confident to invest more. Now you wanted to get out as quick as possible.
I think we are still in a good market pattern though. Charts are telling we're still going uptrend in few weeks. Its just a matter of waiting.
This is a type of emotion that if you see a green option then you desires to make more and more investment but this thing can put you in more risky situations therefore it is necessary to just control on your emotions under such circumstances. I think that higher price is not an option for investments but its a signals to reap your profit. The market is lower but we will not loss hopes because it happened in the past so many times and recovered back to higher cost but only those had a profit who wait and did not make any wrong decision that time. |
|
|
|
You can only trust yourself. Maybe I'm paranoid, of course, but trusting other people is quite dangerous, and often this risk does not justify itself. Trusting yourself is good because there is no one in today's age who can bear your success but before getting experience you have to hear the words of others. I think it's not bad to ask about anything which you don't know but try to research from different sources and different persons after that take step by keeping conclusions in your mind. Trust become difficult these days because every other person is in hurry to be more successful than another person and no one wants to help each other. Sometimes people shows that they are helping others by providing information but actually they are spreading wrong information because of making a way of getting cash. |
|
|
|
Yeah, it is about understanding how to build income and not just profit. If you invest 100k into bitcoin and do nothing else and just hold, you are not going to be making as much money as someone who can put 1k dollars per month into bitcoin every month.
Eventually even with increased profits, that person will beat you, and that means you need to keep having more income. That means with that 100k, don't just put it in bitcoin, sure do that if you want bitcoin but also find a way to make more bitcoin with it as well. I know very few places where you can make returns, like 4-5% returns per year, that means income, that means more returns, that means you will have money coming in every month and that's what you need in order to get richer. By putting fixed amount and then leave for certain period of time is also a way of earning and as you are talking about regularly put money into bitcoin so I think that everyone cannot afford investment on monthly basis. It is true that by putting large amount one can get large income but it also true that by putting large sum there is higher risk associated with larger sum. By holding one can get profit but it depends on you that you get profit on monthly basis or any other time when market is up. I don't know that about which places you are talking but as we talk about crypto investment then we can say that there is no surety about monthly based income. Sometimes you will win and may be another time you face some risky situations so it will be more beneficial if you put less but take step with caution. |
|
|
|
|
Show Posts
