It's best to hold it a little bit longer because we are close to Bitcoin Halving and we all know that after that, the price will eventually rise up and it will create another ATH based on its past history. Anyway, this kind of option will only be available to those who aren't in need of the money rather you can just sell it if you don't have anything to spend any more on your essential needs or you really need to pay for something for emergencies.
Yes, holding is not a difficult thing when you are a long-term holder but those who think about this investment every day may think about selling after seeing the high price. This is what I felt many years ago as I believe that every pump is an opportunity to earn and I also think "what if" it dumps. Most of the time, we end up in FOMO, especially for newcomers, and that "what if" is very influential to our minds. But I don't think selling now is a wrong decision. As long as we are selling above the price when we buy Bitcoin, still a big thing here. Of course, holding for a little bit longer is good as well believing that there are more pumps after halving which gives us a chance to earn more. |
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Just like in the old days, many new projects are still using this strategy (airdrop) to gain extra traction and traffic in the market. Yes, some people get into their attention while some ignore it because of their lack of confidence that they will make money from them. Indeed, deep research is very important in here but airdrops now is on the twist where participants must comply with a few tasks before they get something, unlike before when it was totally free drops, you just signed up and got yours. Well, A lot of people received free tokens but unfortunately, some of these tokens are worthless, not even listed in any exchanges. I got some many years ago but as usual, still $0 in value.
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Bitcointalk Username: Yamifoud
BSC Wallet Address: 0x64fb588aA3fFF99b7c6DD945B1dFF193DaB302FD
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We're not sure how it affects the meme coins' momentum and also how it impacts over Solana but there is one thing I smell in this strategy, meme coins developers are here to make money, and they give everything they have just to see their plan become successful. But the question is if that is worth taking or not. I'm not going to question how sustainable these projects are because we already know that they are just for the short term. So therefore I would say that we have to take extra caution in choosing these projects and only invest the amount that we can afford to lose.
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Why do we think the technical analysis would be reliable when their are other analysis we can use to trade in the market.
Many people feel like if they don't use the technical analysis, they will not make money from the crypto market.
We could even make more money without using the technical analysis so we just have to understand the analysis we are using in the market because this would help one to make more profits in the market.
Because majority of the traders are certainly relying on using technical analysis with its high advantage, and thus make them successful traders. But I do believe that they are well knowledgeable and skillful as well, and not just totally dependent on technical analysis. However, it’s actually doing a big part on them, the fact that they are also knowledgeable and skillful on how to use its technical analysis that becomes an essential aspect in the trading market. Technical Analysis is just a tool that could help the trader but of course, it doesn't mean this will be the only reason why they succeed. But those who think this is useless or not reliable, I couldn't think how they become a trader when all traders are using this market analysis. -in fact, TA has a huge impact in making decisions and this is the way to determine if we have to sell/buy. Maybe some people don't think it was useful because they don't even trade in real life or never know how to use it. |
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snipped~
Every asset has its own advantages and disadvantages, BTC is the same, and it is not the best investment or accumulation asset in the world, we can only say that it is very attractive because of the strong price increase and the best decentralization. Gold can be very good, but in war, we see that people also tend to buy BTC for easy accumulation and movement inside a hard wallet or piece of paper instead of having to take a bigger risk when carrying gold. At the same time, if the apocalypse comes, we will worry more about our fate than care about BTC or other assets. I myself think that I don't need to think about this yet, I'm just focusing on investing in BTC. Both of them are useful in a certain situation but the good thing about Gold, the price never drops like Bitcoin. This makes people become certain that investing in Gold is a better option than Bitcoin. But those who love to take risks will choose Bitcoin as well as they believe that despite the high risk, it gives them more profit. If we think which of the two will seemingly stay long and for several decades, we can assure that Gold remains while Bitcoin is uncertain. But of course, it depends on our preference and risk appetite. But for me, I'd choose them both because they are both profitable. |
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I'm not an economic expert here but the only thing we can do for now in order to fight against inflation and survive is to change our lifestyle in the simplest way especially if we are just a minimum wage earner. We also have to multiply our sources of income, invest more if we have money today, and not wait for the situation that we are in the struggle with how to do it especially if we are jobless. Perhaps, there are a lot of opportunities to earn money, we just need to leave from our comfort zones.
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This the reason why newbie traders are not advisable to engage in trading activity. They are only seeing trading as a get rich quick scheme, and that’s the worst expectation from trading. While others continue to create successful trades from their trading activities, that’s because they have been losing too much from the start that they end up learning from all their mistakes that made them wiser and smarter as traders.
Learning from mistakes and fixing everything takes quite a long time, it cannot be done instantly. a professional trader will take years until they master the market and know how they should enter and exit to make a profit. beginners who only enter the market with basic knowledge and consider themselves to be reliable traders, they will not always be lucky, of course they will lose in the end if they don't study it more seriously. Every trader will make mistakes, whoever it is, even a professional can lose thousands of dollars, let alone a beginner who doesn't understand anything. It's a continues learning process, and same with your opinion, it takes time to create better strategy to have some edge but there's no guarantee that you will not lose, even experience traders lose a lot, they just know when to stop and when to re-enter to recover, it's partly emotional control, money-managements and your determination to focus with how you foreseen your opportunities. Newbies who only got basic understanding may expereinced luck and they usually thinks that it's easy to repeat that same profitable patterns, but not always that they can have that luck there are factors that they need to understand and they need to consider as it will lead them to lose more from what they've achieved. Committing mistakes is normal but committing the same mistake all over again and again is somewhat not good anymore as it looks like we are not learning nor we would like to change. Many people had learned from their mistakes in the past so they improved and became successful. I think that committing mistakes is a good tool to make someone push themselves to learn more and become careful in their actions. More experience, more mistakes but on the other hand, it creates also more learnings. |
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Anyone can do it and it is free. However, people make their judgment, not just about the nature of the project but it is how the project has been created. If your projects look promising and the team can be trusted, it is a plus point that makes investors become interested. And this is the reason why a lot of new projects fail and it is because people never see it as worthy, but just another useless project. Whether you like it or not, not all developers are creating projects for the good of everyone, some did for a scam.
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Innocent people work hard and sweat just to make money but unfortunately, scammers take it away easily without a sweat. And ask if these scammers are going to be blamed. They deserve to have it because if they are a responsible person and if they look at the situation of others, they won't make innocent people a fool but they did it for the sake of their own. In fact, being a scammer/fraudster is not a job that they will be proud of it and it is a big shame of the family. These people should not gain respect in the community no matter what is their reason.
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Other factors that can influence the volatility of BTC includes the arrival time of the ETF right before BTC halving event , when the supply is cut short, then the demand for it becomes more acceptable, the upcoming event especially the USA election might prove a major factor in getting another ATH in the price of BTC after the halving,
It could be one and many others which is why we can't expect that the surge is going straightforward but must expect some price drops. And that is why we never know when the ATH arrives ( or we are already there). But this is only one thing I would say, keep holding and just sell when the price hits your target selling price. The dumps and pumps are still a thing we witness, and so many factors that affect the price trend but if we are certain in our goal, it will be rewarded. Better don't mind all those things that influence the market price instead, focus on our goal. The halving is just around the corner and the results are still uncertain but we are positive about it. |
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No trader can control his or her emotions 100%. There are days we feel sad over our losses and there are days we get excited because of the profits we have made. So, getting emotional is normal as a trader but it only becomes a problem when we allow our emotions go out of hand to the extent of controlling our actions. Traders need to really understand that as far as trading is concerned, losses are bound to occur, so their is no point feeling guilty and blaming oneself over losses that occurred, such acts will only escalate things and cause more harm. Rather, if a trader feels like his mistakes caused his loss, he should learn from such mistake and upgrade his skill. Getting losses is not a death sentence, upgrade yourself and enjoy the world of trading.
Feeling mad when we lose it is quite normal but getting our temper too high is not good anymore and it should be managed before it affects our mental health and decision-making. It is a normal experience for us traders but if we want to succeed, we also have to control our emotions to least possible we can do. That is why I encourage traders not to take this seriously, especially beginners because the more we think it always, the more possibility we can't move on. It is very important we know how to deal with our emotions, it can't be instant but at least, we worked on it to make it better and controllable. |
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Rank- Hero Member
Segwit BTC address: bc1q0dur6y9kzx76tg980qwedyxtwc9zpm76y3cw4q
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It is not just time that they need, stop risking money if they couldn't even provide what is necessary for them or their family.
We know that there are people out there who would risk or gamble their money even if they don't have enough to live an average life or indebt.
I know that they are aiming for the profit but why risk what they have, if they couldn't even pay their debt or have a comfortable life?
Living a comfortable life comes with a whole of sacrifices to be made, just stick to a particular strategy that's bringing winnings. I'm not into gambling because there's no time for that to be triggered, instead we should be settling for day Jobs because it's the sources of provisions. Before gambling, ensure you're free from debts and you sits in balance position to provides the needs and wants of the family. We're man and adhere to every responsibility of our loved ones, never relent but focused on doing the ultimate jobs. You're not into gambling because you will see that this won't give you any benefits. But for those who see gambling gives them pleasure and happiness, they will try it even if they are a family man and only have limited free time. In fact, it is not necessary we have to spend a lot of time gambling and have a huge fund in order to enjoy ourselves but what we just need is to understand that gambling is not a source of income and that we have to be seriously doing this. Instead, make this our pastime just to relax our mind from the whole day working. Gambling responsibly, that is what it meant. |
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Any financial decision we are taking always have there own risk. We need to be wise and ask questions before we intilend to invest in the cryptocurrency market. Anything can happen anytime so we need to make enquiry before we intend to buy and store Bitcoin so we could understand the market a bit so our investment would not lose value over a short period of time. The future if Bitcoin is brighter so we should not be disappointed about what is happening since we are already in the bull market. Caution and diligence before diving into the world of cryptocurrency should be the norm, because every financial decision carries inherent risks. Conducting thorough research before investing in Bitcoin needs to be taken seriously. Understanding the market dynamics, technological aspects, and potential risks associated with cryptocurrency investment can help investors make informed decisions and mitigate potential losses. Despite short-term price swings, many experts believe in the long-term potential of Bitcoin. The cryptocurrency market can be volatile and subject to sudden fluctuations, that's why we need to maintain a long-term perspective. Being in a bull market can certainly be exciting, but enthusiasm needs a realistic assessment of the market's ups and downs. Because that is what we believe and that is the reason why we invest and hold for many years. Moving sideways is quite normal in a volatile market but this never be a big deal for us knowing that every drop is an opportunity to buy while every pump is an opportunity to sell. With this kind of market behavior, many people become rich but can't hide the fact that many also suffer losses because they don't understand the situation and quickly make the wrong decision (panic selling). |
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Bitcoin is made for everyone but not meant to everyone, their is no need doing much explanations cause if they should adhere and decides to invest, eventually Bitcoin experiences a DIP they will come running to you as to seeing their funds depreciate and most of them would want to sell due to the pressure. People usually pick interest on stuffs when the outcome of what they assume to be wrong defies their beliefs which they have held for some while. We shouldn't as well forget, their are those who did not invest in Bitcoin when it was worth a few dollars, not because they were ignorant but they decided not to, this same set of people are eagerly accumating and filling up their bags, all what it takes is the time to believe in Bitcoin then the rest becomes success story.
They will if they want and ignore if dissatisfied. Perhaps, there is no forcing people to invest but it is their decision and willingness. That is why not all individuals see the benefits of Bitcoin because not all are also open-minded. In fact, in our family, I was certain that there were some misunderstandings and no support because sometimes we have been influenced by FUDs and scam issues that we heard around. So, let these people think differently, they will just see soon when we are improving. Just continue our doing as we reap off all the hard work we have done in the coming days. |
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~snip~
Almost every person who has gambled once in their life must have experimented with that, having dreams and building skyscrapers in the air while thinking about gambling and how they can win a lot of money from it that will change their life. However, it mustn't have taken a lot of time before they realize that it is not possible and they are not going to see any success coming in their lives through gambling.
You get this realization when you get together a budget for your gambling activities and you aim to make a lot of money with that budget. You plan everything, how much you will earn each day and how you would stop after a certain point, you might even see your plan working for the first few days, but then, everything seems to fall apart and you eventually lose everything to the house.
Yeah, I think that is part of what the casinos want to create. A reality in which you as a gambler can generate money by just being smart and gambling on the right bets at the right time. No one else knows how to do it, but you are special  It never works for greedy people (just like me before). Maybe I was wrong or just said some people have the same experience as me; the moment I think about winning, ain't happen but losing. That is why I'd never thought about it since then. Indeed, these casinos always win because they know that gamblers always lose control of their emotions which gives them no chance of winning. Gambling responsibly is always a reminder to us from casinos but unfortunately, only a few gamblers got into it because of the wrong mindset. |
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For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?
I'll buy more when turns back low at $50k but that seems impossible this time. The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
Indeed, we have these corrections but was not enough to pull back. It looks like the price of Bitcoin will get stuck above $60k. I would say that was not a good time to accumulate more. Well, maybe for those who have not yet, this could be their opportunity. Besides, we're not yet in the new ATH, the price will possibly rise after halving. Earning is still possible at his point especially when we wait for the new ATH before selling. |
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All streamers who promote while they are live are not good influencers, to be honest. It's just that most of them are lies. Of course, the usual thing that happens is that they encourage their viewers to play gambling, deposit, and grow their money because they are always sure to win as long as they use the link in the description that they put. But the truth is not really.
And others have had their lives ruined because they believed what the streamers who promote gambling online said, and others even had their savings run out because they were told that they would always win gambling and never lose. So those streamers don't really do anything good; they are just paid by advertisements. It's ok to gamble as long as we keep it to ourselves.
That is a common trick by these influencers and they show to their viewers of how easily they won the bets but in reality, that is impossible for casual players. I ain't falling into this trick as we have been gambling for many years and the chances never change. As a gambler, we should know when to stop and limit our time in gambling because the more we are doing this, the bigger the chances of getting into addiction. Following these so-called gambling experts makes no sense because they are the reason why many gamblers get in trouble for believing that they are true to what they have spoken. |
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