|
Future trading will be gambling if you are trading blindly and just relying on chances. Trading is trading because we have things that we can do to improve our winning chance which is technical analysis and fundamental analysis. Longing or shorting without any idea is just pure gambling.
Futures trading is just risky as it's own and there are people who don't really realize it. Spot could be boring for some people but I believe it is the best way to do trades as you won't get liquidated on spot.
|
|
|
|
The problem with the career of a salaried employee is that he can always be fired, and then because of competition or age he will no longer be able to get a similarly paid position. A business owner - if he has successfully found his niche, he is more firmly established on his feet. Of course, the risk of the business owner is greater, but there are also many advantages
If you become a government employee, you will continue to use the salary even higher with the increase in rank and high position. and until old age will still be guaranteed because they get a pension every month. It depend on what country you live on. Promotions on a government position is harder that you are expecting. It's either you need to be that exceling enough or you need some backer to help you get a promotion. At the end of the day both being a employee and a business owner has it's own cons, both can make you rich depending on your own effort. It's just that we people see different opportunities from it depending on our perspective and our environment. Personally, there's nothing wrong being an employee as long as you are earning a good amount of money. Having a business is good too as long as you know what you are doing and you have the passion in order to grow the business and make it survive. It all depend on us on what is our preference. |
|
|
|
Just wanted to touch base and see how your holidays are going. Any significant updates in your portfolio?
Historical data indicates that significant holidays, such as Christmas, tend to bring about noticeable shifts in trading patterns and market sentiments.
Very much a normal holiday to me. Not much happened in my crypto portfolio this holiday though one thing is for sure, I'm ready to face year 2024. With the current mindset I have today, I believe that we crypto literate will strive for greatness next year even if we experience a massive dumps on the market. I accumulated as much as I can this year and I plan to continue it till we experience the bull market. I believe that my patience about crypto investing is at it's all time high right now, I haven't done any stupid mistake yet and hope that this will continue until we get our goals. |
|
|
|
|
Learning how to do a cut loss is important. Doing a cut loss is not easy given that you are willing to gave up the hope that you can get back the loss you have on that certain trade or asset. It is a situational move that can either bring you satisfaction or regret in selling your asset or stopping your trade a loss. There are many traders who are doing YOLO's and not doing cut loss or even setting up stop loss on their trades, I found that newbies are the one who are in that situation.
We should learn how to cut loss, even experience traders are cutting their losses at some extent of their trades to save their remaining capital.
|
|
|
|
I know, having a car as a young guy is very good to reduce some transport fair in some area and to make it easy for your family or siblings to catch some fun in some good area. But how can someone at the age of 20 years used $28 millions to purchased a car that is not going to bring income to he, when we have some decentralized investment you can invest such amount of money in the bear season and have hope of making more money that will reach you to start other business that will be fetching you cool money. This is what one of my friend did few months ago despite the advise I gave to him to invest the money on BTC or Ethereum, that he will make more money that will give him more opportunities to build more companies but he never listen to my advice despite the inflation in the country but he went to used $28 millions to purchased Rolls Royce that will not last more than 5 years before it will start looking like old car to the eye of people. If you have such friend that doesn't have any investment and he went to invest such money on car will you continue to take such person as your friend? I have separated from him based on the money he use to buy car that will not add value to his life but people said I would have not separated from him that it have been long we became friends in the environment. What I did is it good or bad so that I will know how to apologize to him to continue the friendship with him.
Your friend is basically rich, no need for you to give him any advice about bitcoin or ethereum since your friend just want to spend his or his family money on luxury. With the amount of money he spent on buying the rolls royce, I doubt that your friend will be in a state that he will invest to make profit to sustain his living. I also think that your friend is not interested about investing since he didn't even budge about the advices you gave him, just give up, rich kids life are very far from other normal person. I think a Rolls Royse will still look cool even after it age for many years. |
|
|
|
Tama, dapat matuto tayong lahat ng tamang pamamaraan kung paano balansehin ang mga bagay bagay, Mahirap din kasi kung masyado tayong focus sa isang bagay, nakakalimutan na natin tignan yung other side at madalas hindi na tayo aware na mali na pala yung mga ginagawa natin, nasabi nga dito na kadalasan sa mga call center ay totoong malaki ang sahod pero prone sa sakit dahil night shift, minsan nasasabayan pa ng bisyo at hindi na luma yan dahil may mga iilan akong kakilala na nasa BPO company din, night shifters, tipong pagod at puyat then after ng shift, didiretso sa inuman at gimikan imbes na magpahinga or bumawi ng tulog, okay lang naman kung occassionaly, pero kung halos everydat na ginagawa, mag isip isip na habang maaga.
Ganyan kadalasan kasi karamihan sa mga nagiging agent eh yung kabataan na malakas ung pangangatawan pero dahil na rin sa sobrang pag abuso sa kalusugan nila eh napapahina din sila ng bisyo, hindi lang naman sa inom or yung mga nakakasama kasama na rin dyan yung kinakain at yung physical activities, madalas kasi after maupo ng mahabang oras lalamon tapos matutulog ng sobra sobra wala na silang nagagawang physical activities na sanhi din ng paghina ng katawan nila. Isa din sa maituturing na alarming is itong pagbababad sa social media na dapat ay ginagawa lang na libangan lalo na sa freetime kaso yung iba ay ginagawa itong bisyo I mean tutok buong araw at pinagpupuyatan pa talaga na minsan ay sanhi ng pagkakaroon ng sakit. Ang nakakalungkot lang ay hindi kumikita sa ginagawa sa socmed dahil nakikimarites lang doon at hindi productive. Okay lang sana kung nagbavlog, nag-online seller or ginagamit ang socmed para kumita kaso hindi. Guilty ako dito haha. Pansin ko ay sobrang dalas ko na sa social media at kinakain nito yung productivity ko to the point na hindi ko na nagagawa yung mga kelangan ko gawin. Maybe this is because of my hobbies na nakikita ko din sa social media kaya nauubos yung oras ko. I plan to change my routine especially sa approach ko when using social media, hindi na din kasi healthy at for sure macoconsider ko na ito as a distraction for my real goal. |
|
|
|
I know I'm kinda new here to be giving out advice on this forum, nonetheless I've been on the crypto space for some years now and from my mistakes and personal experience I can say this:
👉 Don't take popular opinions as an investment advice. If there is anything I've truly learnt from my time in this forum, is not to follow popular opinions or crypto influencers. Making reference to a trend some months ago about bitcoin price reaching an ATH of 100k this year which is obviously not going to happen because of the current price and market conditions, I guess it would take the hand of God to make that happen and we aren't even sure if we are in a bull run or not.
👉 Stop relying on Telegram channels or Reddit groups for trade signals or investment advice. I know everyone has their decision and perspectives regarding to this but from my knowledge and complaints I've seen on this forum and other sources, most persons ends up with negative experiences from this.
Trading is risky and investment must be done wisely.
I recommend that you get some knowledge so you could do some analysis for yourself and check those signals before using them. This would help you have an idea of the risk your getting into.
Always do a good background check up before investing in any project.
👉 This advice might seem a little controversial, but I think it's helpful. Stop over diversification, what I call over diversification is putting your money in every crypto project that comes your way.
I think it's far better to have few crypto that you are constantly, than investing violently in so many project.
Definitely a list of things that newbies would experience on cryptocurrency especially the first advice where you will take influencer posts as an investment advice. There are a lot of B.S influencer last bull market and I believe that those influencers really affected newbies by giving them into bad advices, exaggerated speculations and being unfindable when the bear entered the market. There are influencers who are posting good contents but I believe newbies should understand what those guys are telling you. What I learned this 2023 is to act early and fast. There are a lot of opportunities I missed this year, I don't want it to happen again next year. |
|
|
|
I really admire people capable of keeping bitcoins in their wallets for years without even moving them. I see wallets that their owners never moved coins from for 10 years and wonder how they do it. If you're a HODLer. when do you hope to sell? Would you cash out if Bitcoin soars to $100,000 or sit back and wait until it gets to a million?
ONLY for HODLers please. PLease share when you'll be happy to sell.
I know some people here holds their bitcoin for years now with no intention of selling. Though there are only very few people like them and they are like a rare treasure if you find those people. I myself plan to sell all of my bitcoin procession when the bull market arrives and try to sell it on the peak, I plan to buy back bitcoin when the bear cycle starts again and repeat. In that way, I can increase my bitcoin holding over the years. Even if I don't have a ton of btc today, someday I might get some by repeating this buy back strategy. |
|
|
|
I don't know how it was done many years in the past when learning trading, so I will wait to read the comments of traders with many years of experience.
I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.
I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.
I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.
Has anyone else here noticed this too?"
Expect more during the bull market  There will be a lot of "trading gurus" on social media when the bull market hits and most of their calls will be noticed given that the market is only going up. Market will be flooded with fake trader influencer in the next bull market as they want to gather and widen their follower base. It is somehow alarming given that the new wave of people entering the market will encounter these type of persons, worst case is bringing them doom in cryptocurrency by doing bad calls and asking them for money as an investment. I had seen these fake trader gurus last bull market and it's sad that people will only notice it when it is already bear market where majority of them will become dormant. |
|
|
|
3. Take your time to practice demo trading before going into real trading.
You don't really need to practice in demo trading because the experience and emotion you could get in real trading doesn't really apply in demo trading, you feel nothing when you trade on it because it's not your money. Sure, it's fine to try your trading strategy before implement it in real trading but it doesn't really matter if you don't have chance to try it especially with the endless amount of possibilities in real trade. Yep, it's not a requirement but I think that it is a great help especially for those who are trying to learn trading. They are trying to get the grasp of trading in a real trading environment even if they are not using real funds to trade. Demo trading is a good feature that we can use, even traders with experience can use it to try techniques that they want without risking their valuable assets. Not all newbies used demo trading account, some of them trades straight out of their money. We all have different financial capabilities and I understand the both worlds. It's still nice to have this option for newbies who want to practice without spending money. |
|
|
|
Hi guys!
Just wanted to know how many cryptocurrencies you're invested in? And with what percentage of your portfolio (No need to mention the amounts involved, if you don't want to). Just want to get a general sense of how everyone's diversifying their crypto assets.
Currently my portfolio consist 30% of bitcoin and 70% altcoins which is also divided into different categories. My altcoins are divided into: 5% meme/shitcoin (hoping to get a lucky jackpot) 40% fundamentally strong existing tokens like ethereum, bnb, solana and others 30% are the projects that I see has a potential to grow exponential next bull market, in short I can call them my gems. and the last 25% of my altcoins came from different airdrops, all the airdrops I received today is still sitting on my wallet and not selling them as I plan to sell them all when the bull market arrives. I believe that my portfolio is quite diverse, all of these are not contained into a single wallet, I can say I put them on 5 different wallets for safety and also for easy identification. |
|
|
|
|
You can use bestchange to check for the best exchange rates but I think it would be hard to find an exchange right now that offers no KYC and low fees. CEXs are known for their low fees but majority of them are now requiring KYC just to be able to use it. DEXs on the other hand has no KYC but known for high fees for every transaction.
If you don't hate CEXs, try binance. I don't know if binance still allows their non-KYC customer to still use their exchange with just limits. But I guess using the non-KYC account on binance will fit your wants. Just expect that there are limits.
|
|
|
|
|
As far as I know, freebitco in is still an active casino and faucet today. I believe freebitco in is the oldest bitcoin faucet that is still existing to this date. Though the profit you can get from it is not that worth it given that it will be reduced in the time of your withdrawal. It would be a time consuming thing to do, it would be better to learn anything about crypto or bitcoin and just buy a portion using real money. I think it is much worth it that way, the chance of people using faucet before will not use a faucet today because the reward is not that appealing and there are better things to do.
|
|
|
|
What do you think is the biggest misconception people have about cryptocurrencies, and how would you clarify it?
I always like reading financial threads on social media even if it's non crypto and of course, the opinions about bitcoin are different from each other. The top 2 misconception I always remember after reading people opinions are. #1: Bitcoin/Cryptocurrency is a scam and the money you invested will be gone like a bubble. I guess people say it like this because they have a friend or they themselves had invested into crypto and got scammed or hacked that's why their bitcoin is gone. Basically, it's a result of lacking knowledge about crypto. #2: You can get rich on crypto overnight. Yes it is possible, we can't deny that, but the risks along side with it is far too much that you can somehow consider it as doing gambling. Newbies might assume that it is easy to get rich on crypto, they just didn't know how much risks people take to get that money they desire. |
|
|
|
Owning a business has always been my dream, regardless if I have a current job that pays me well. It's still different to be your own boss, to be in control with your own time, and to work without being supervised by your manager or boss. Thus, growing a business is the key. Its only hard in the beginning especially if there is tight competition with same businesses in one area, but eventually you will come to overcome it through your day to day experience.
However, if you can keep your job and your business without compromising the other one, that will be a lot better. It's best to have two heads than one, as the rate of success will be higher.
Maybe try to grow one yourself. I guess that you haven't ran a business yourself since it is still your dream. Your first business has the highest chance of ending up being failed given that you lack the experience in running a business. If your business idea is able to run without spending your whole time with it, try to build it that way. I experience so many businesses that fails because I got my first success in running a business. It's true that you own your time but the amount of time you will be spending on business is much more than your job working hours. That's why I believe that it is good to give all your time into your business if you have saw a potential to it by doing the test runs that only cost fraction of your time. I agree that it is better to keep your job unless your business can support you fully. It is always better to have a secondary source of income just incase something bad happened to your other sources of income. |
|
|
|
The idea of a blockchain-based fiat currency for Asia and Africa is great. It gives people access to an efficient, transparent, and most importantly fair financial system. Decentralisation makes blockchain a powerful anti-corruption tool. Additionally, underpinning this money with tangible assets provides stability.
The problem is implementation. If the code isn't public, we're gambling heavily. Governments may preach the virtues of such a system, but without openness, they may manipulate it. CBDCs began with good intentions but quickly turned bad. We encourage calculated risks, but this? Not quite great. The idea is good, but we must be conscious of the risks. The balance between creativity and caution is challenging.
It would be a dream for people who are living in third world countries where there is a lot of corrupt government officials. Transparency alone can be bypassed by government officials even if there's a law about it, rich and powerful persons in a third world country can bypass it easily with their abused loopholes. I agree that the idea of this topic is dream but I also agree that there will be a possible big problem on implementation and execution. Aside from the technical side of things and the existing problems with the past execution, I'm sure that there will also be a hindrance that powerful persons can do just not to implement it to a whole country. Though, if a single country managed to successfully deployed it and run the blockchain powered tender, it would be a game changer in the world. |
|
|
|
practical akong tao , hindi ako gagastos ng kahit isang milyons a pera natin para lang sa citizenship eh ano pa kaya ang 1 million dollars? naku pwede na ako tumira sa bansang mas maganda at mas matino ang ekonomiya kumpara sa El Salvador so bakit sa bansang yan pa?
tingin ko eh malabong may mag avail or comply to that offer from the said country and andaming nangangarap tumira sa magandang bansa at maayos ang ekonomiya.
Same here kabayan since cryptocurrency friendly din naman ang Pinas so bakit pa tayo mag-aaksayan ng ganyan kalaking pera para lang sa citizenship diba? Pero sa tingin ko nakadepende parin ito sa personal preferences ng kung sino man ang meron ng ganyan kalaking halaga. It depends. Maybe yung mga tao na cryptocurrency rich na nasa ibang bansa na banned yung cryptocurrency sakanila or yung mga tao na gusto talaga maging citizen ng El Salvador ay papatulan yung citizenship offer ng El Salvador. Para saakin is hindi ko gusto tumira sa El Salvador, aside sa ginawa nilang legal tender yung bitcoin ay for me wala ng special sakanila, over priced siya for me at maraming better countries na may mas mababang citizenship offers. Once na maging widely accepted na ang bitcoin like increasing countries na gawin legal tender ang bitcoin is mawawala na yung pag ka special ng El Salvador. |
|
|
|
No government should prohibit the ownership of this technology
....
i agree that everyone has the right to be able to choose what is best for them, because that is part of human rights, but the reality is that the government has the power to limit the use of assets other than what they allow for the reason that it is to protect fiat and their banking products and prevent disruption to their economic system. this has already happened in countries such as china, bangladesh, and several other countries, and it is very likely that other countries will follow them in banning bitcoin for economic reasons. and whether you like it or not, you have to live with this fact that the government regulates what you can invest in or not. and you may choose to violate it, but there will definitely be consequences and if you are lucky you can avoid them or if not you could face a penalty. Yep, that is a fact that is hard for us bitcoin users to swallow. Government can always make their way to control or limit us on using assets that the government has no full control. They always sugar coat things but all they want to do is to regulate it and use it on their favor. It is really hard to imagine if majority of the countries in the world unites and ban the use of bitcoin, what would happen to bitcoin or whole cryptocurrency, if that scenario happened? I'm pretty sure it would be a chaos but people will still find ways to use it since we still have choices if that happened. |
|
|
|
|
Bitcoin investors has their own different views about the purpose of them holding a bitcoin. I believe that majority of bitcoin holders is for profit, those who will sell on the bull market for their desired profit. Though there are people who will hold and wouldn't want to sell their bitcoin even if they face a tempting amount of profit. I know that there are members here who holds their bitcoin for years now, 2 bull market at least without selling all of their bitcoins as I've read it from their post in other topics. It's quite a strong faith given that they also experienced at least 2 bull market but they keep their calm and still holds.
If I face a good opportunity to sell a bitcoin at a very good price, I would take it since I am after the profit because I want to roll it to buy more bitcoin again at lower prices. I want to make my money move.
|
|
|
|
|
Show Posts
