The joy in trading is when the money which is been used to trade is owned by the trader. Normally trading is something that is unpredictable, one can't really know or see the outcome if it will be a big loss, small loss or big win, small win. When money that is been used for trading is owned by the trader if there should be loss he may not too feel about the loss, unlike when the money which was been used for trading is borrowed, in a case whereby the person do not have good source of income.
I know someone who started how to trade about four months ago. He is a beginner in trading, I don't really know how good he is, but to him he may feel he can always make earnings. I think he was so confident in himself, he had to borrow money for trading which he could not make good profit. As a beginner borrowing money to trade is not the best. It is not even advisable to use all the money one has to trade or invest talk much of to borrow to trade.
Borrowing money and even more so for trading cryptocurrency is really a very risky business. Even if you are confident in yourself and your information, there is still a percentage of the risk that suddenly everything can suddenly change in the other direction. The crypto market is not predictable, and if you want to save your nerves and possibly even your life, then borrowing or lending money for trading is not recommended. I have already seen in my practice people who took money from the bank and in the end could not return it, which put this person in a very difficult situation. Believe me, it's better not to get into such a situation. Trade cryptocurrency only for available money or for those that you do not mind losing. |
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And you know, I'm not surprised that it all happened. I have been making money over the Internet for a very long time and have been able to see many different fraudulent schemes during this time, so why can't they be with NFT? Of course, they are and will be everywhere, and it is important to know about this for everyone who is going to deal with this or that asset. Moreover, everything that we can see now, everything is created and launched with one goal, to earn as much and faster as possible, that's all. |
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Why not use volcanic energy to mine BTC? The question is, does El Salvador have the technology to extract energy from a volcano? Recently, we can see a lot of loud announcements, which, upon close examination, turn out to be a deception. I am not saying that the President of El Salvador is deceiving, but this message looks too dubious. I think that we need to get more information about this news, and it is best to wait for evidence that this actually works. It's just that such news is most often created in order to influence the price of BTC, but how will it actually be, time will tell. |
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Like the title says, when do you see the true bear market that we saw that happened in 2018 with every alt crashing insane amount?
I believe that a real bear market should come in 2022. This is just my theory and it is based on the cyclical development of the crypto market. Each cycle lasts 4 years and at the end of each cycle we see a rapid rise in prices for cryptocurrencies, and with the beginning of the next cycle, prices fall. Why am I sticking to this theory? It's that simple! The fact is that if we study the history of the development of the crypto market, then we will be able to see just this cyclicality. |
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A number of sports stars were also interested in Crypto lately, such as Tennis Star Naomi Osaka openly interested in Dogecoin. The famous soccer player, Lionel Messi also received a part of his salary in the form of Crypto, namely the PSG Fansclub token. Previously, the NFL star Russel Okung also chose to receive half his salary at Bitcoin.
What do you think ?
When I see such information, I think that all this is just an advertisement, nothing more. I don't think that athletes or even famous people in sports just suddenly wanted to get cryptocurrency. Probably through them someone is trying to manipulate the market in order to lure new investors into one or another cryptocurrency. But I am glad that crypto platforms for sports have recently begun to appear on the market. This little by little gives hope that cryptocurrencies will nevertheless be tightly integrated into the sports industry and bring success to everyone. |
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Hi guys I’m new to the forum and I’m new to the crypto world.
I would like to know if there is some method on how to understand when the market is going to dip or when the market is going to pump.
Thank you in advance to all of you
You should know and understand that there is no exact information on the crypto market when there will be a rise or fall in cryptocurrency prices. All the information that you can find is either guesswork, or fantasies, or someone's wishes, and there is also a technical analysis and many different theories. In practice, either you know the insider information, or you are lucky, and in very rare cases there are people who can forgive the likely price diversification of cryptocurrencies in the future, but basically no one knows anything 100%. |
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Hi guys as mostly readers would be crypto related. And China is Always big market crasher. In my point of views biggest whales always Do this with china so they can crash crypto market. So they they get always lower entries and they get higher returns to create fomo when bull market happens. So what are are your thoughts about China. If they crash crypto to 20,000 Dollars or not in coming months.
I think that blaming China for the fall in cryptocurrency prices is a little unwise. You hear news about China, because it is very beneficial for someone to hear them, but where is the guarantee that the curators of the market crashes and its growth are located in China? Perhaps they are in the US? Why not? Moreover, as the latest news says, employees of the same FRS also invest in cryptocurrencies and use insider information. I believe that you need to look at the situation from a slightly different angle, namely, who benefits from it the most. And it turns out that in this case for China it is not profitable, but for the United States it is. But this is also just an opinion and what is actually happening is very difficult to understand. As for the next drop in BTC prices, they will certainly be, but when no one will tell you 100%. |
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I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin. A friend of mine who is semi-new to this called me a couple weeks ago frantic, telling me that he had seen a prediction about some random token and told me that he might invest in it if the returns were real. He asked me if he should go for it, and I told him that he looked alot like a scam project. Its a good thing that he didnt put capital into it, because within a week of him seeing this article on the token, the website for it was gone. This is an example of how easily people that are new to this get tricked into losing their capital. Theres really nothing anyone can do about it, but I think the easiest way the prevent scams and slow them down is to educate people that are new to this.
You are right, there is such a problem in the crypto market. The flow of information about the offer to invest in cryptocurrencies is very large and, of course, there is misinformation or, in other words, deception in the flow of this information. Only an experienced player can identify a deception on their own, but beginners very often believe in beautiful headlines and deliberately invest in a scam. To avoid losing your funds, you need to learn to distinguish between real information and deception, but this can only be done through personal experience. You can end up asking for help, but where is the guarantee that you will not be deceived even there. |
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