I think, Bitcoin trading can be a bit different from both stock and forex trading, as it's classified as a cryptocurrency. That being said, there are still similarities between the three, such as the importance of market analysis and identifying trends.
I mean, at the end of the day, trading is all about making informed decisions based on the information at hand.
You are right my friend, the information we have determine if it will give us profit or loss but all traders always wish that the information they have at hand should be beneficial to their trading, there are some that you think it is positive but when the market react against it, they use to give loss. Also, I don't think Stock, forex and bitcoin has any differences just the price movement is a bit different, bitcoin can make 10% in a day and stock can make 2% for it traders and they will also be happy that they gain something because they don't have losses that much. |
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this is a good strategy for those who don't want to do or monitor the market on a daily basis, they will buy then forget about it in a few years then reap the rewards, but not suitable for high risk altcoins, and it is recommended to buy low risk coins, maybe top 10 better marketcap.
What do you mean by not suitable for high risk altcoins, is there altcoin that doesn't have high risk in the market and what I even learn from risky altcoins is that they have high profits when you are patients and hold for long time. It has been proven that in crypto, if you want to make it out here, you have to hold and have the patient even if people are afraid and panic selling their coins, there is reward that comes with that patients when it is time for bull run because that is the best time to make big figures and escape poverty life. |
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Emotion is one key aspect of trading that is very important, Uncontrolled emotios can lead you in taking wrong decision while trading.
The best way one can learn is from experience, those professional and portable traders out there, mostly is as a result of long term trading mistake, failure and experience and their ability to use all this in their own advantage, which has helped them to becoming what they're today.
I disagree that it is not everytime that uncontrolled emotions lead to wrong decisions, there are times we become confused to make decisions, it is that fear of making lost that make us to exit the market fearfully and when the market crash, you will thank your uncontrolled emotions that made you to live the market but it most not be done everytime, uncontrolled emotion consstently will only give you loss but I as I said, it have its own advantage and also disvantage, it depends on when you use it at their appropriate time. |
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After researching many methods, failing many times, losing money many times, I finally chose PA as my main method. If you study it carefully, PA is quite simple. My next plan is to become a full-time trader.
Does anyone have the same method and goal as me?
Is that enough to give you all the profits you need as a trader, I am not sure if that is enough to a trader, when you rely on only one technique, it wouldn't be enough to guide you in some ways, there are some points that you will reach, you will become hook and to go further, it will be hard. Like during the bull run, price action don't matter because this are the times the whales pump coins the way they like and techniques don't work during that time, you have to put in the support and resistance before you can understand what is happeining with trading and other indicators. |
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Hello crypto bros, today I want to share my thoughts on when it will be the best time to buy bitcoin. Don't get me wrong, I'm not saying that you shouldn't buy bitcoin right now, DCA is still the best tactic. But it's still good to know WHEN it will be the best time to safely invest money in bitcoin and be sure that it will probably go up from now on. But I won't be bothering you with TA analysis (that is probably wrong) and strange predictions, today we will just look at the facts. I'll start by saying that yes, I think we are still in the bear market and it's obvious that the economy is still suffering. And it's not a secret that bitcoin still didn't decouple from the NASDAQ so we should understand that if the economy goes down => bonds go down => bitcoin goes down too. So we still might see some down movements and maybe we will even see a new button because statistically something always breaks down after fed pivot.
So we can safely say that we will see a true bull run only when the economy will start recovering, but it can't happen until rates will start going down. That's why right now I think that we all should wait for the one single indicator: lowering of the rates. Bitcoin won't go up mediately, but it will mean that economy will start recovering => more money will go to the assets => and bitcoin and bonds will go up.
The only question is when will it happen? Well, if we look at how fast inflation is going down, I can assume that it will probably go down to the expected 3-4% in the Q4 of 2023. So I'm not expecting a bull run until 2024.
But again, I don't want you all to be bearish on bitcoin or selling it. For most people, DCA is enough to survive this crypto winter, but if you want to invest a lot of money in bitcoin, then I think it's better to wait until the signal we talked about.
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In the histiry of bitcoin, there is never best time to buy bitcoin but a trader should not attempt to buy bitcoin when the price has broken all time high because that time is when you find it hard to predict the next move of bitcoin, though DCA is idealy okay and you can do that anytime you have money as long as new all time has not been broken, you will always have the opportunity to gain something in profits but it will also be more better if you diversify your portfolio just in case because there are other coins that can over perform bitcoi and you don't want to miss the opportuniy. |
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There are some times that you will incur expenses that you didn't plan or foresee but the way you are financially wise in spending your money will determine if when such times comes you won't be in debt or going around for a loan. That is why if you have the grace to have a sustainable job set aside some funds for the better days ahead.
No matter how discipline you may be, there are things that come out of the moon that you may not expect like you will get sick and hospitalized to do tests, you don't have any other choice than to break your account, your family members will also call you for help when they know that you earn money, it may be that the dad or mum or brother is sick, and I don't think because you have plan you will want to abandon responsibility of the family. It is actually good to plan seriously but we should not forget than things we don't have plan from begining will always emerge. |
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I think if you don't want to do that because of the first doubt then don't do it, we will never know that everyone can change, but instead of borrowing to take a house, it's better for you to invest first.
after benefiting from your investment then you buy a house for yourself and also I think this is effective to avoid your first worry earlier.
Do you know that there are people that borrrow money to buy house and still make big profits from the housing? This is noy like the business for an average person, there are some companies that borrow money to their capital to buy or build house and resell it because in urban areas, it is not everyone that like building a house from scratch since some of them don't have time for inspection, this is the job of this company, they buy or build and sell for another person and the profit they make are good enough as investment, I think investment depends on how you view it. |
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during covid indeed life was hard in various circumstances. At that time I got married, and of course it didn't cost more because of the ban on parties, but the surprising thing was, there was a lot of money given from friends and relatives, so at that time I was able to use it to survive until the situation improved and I got a job to survive
You are really surrounded by loving relatives to share you lots of money as gift because in my place, there was no money since people cannot go out to make money, there are some jobs that you have to live your house to make the money especially jobs like wedding, event planners, teaching pupils was hard because it is not everyone that has access to the internet, the cab men and taxi drivers where literally dieing because there is no alternative to another source of income, it was only people who had services online were able to make money in place during covid 19. |
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We can't blame the current war, because we can see the condition of the country before the war, didn't it experience difficulties?
actually the poverty of one country was seen before the war with the fluctuations in the prices of food, oil and natural gas, before but we didn't realize it early on because we still had money and when our funds were low we just realized it and always blamed the government,
actually how much money do we have if to live will be enough,
War will contribute to poverty irrespective of how the country situation has been, it can get from good to bad and it can get from bad to worse, don't ignore war because it can destroy what country has been building for yearss even if the country has riches in aboundant. Bad governant is another point, when a country has bad governing, nothing will prosper in that country irrespective of what they do, it may lead to curruption and people will start stealing wealth for them selfs while the rest of the people so far without good food and high inflation. |
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There was a time where Elon musk is afraid of Robots with AI capabilities, saying they are dangerous to humans, there was a rumour about some incident where a robot threatened to crush him, I don't know how true is this, but not too long ago even the Microsoft boss Bill Gates is very concerned about the harms that AI could bring on humanity, saying something like AI might decides that humans are a threat. We do we go from here?
You should better know that Elon musk is not different from politician, he is just lucky to be a business man by view but dip down, Elon empire is surrounded by politician and that is how the behave from the way they say things, they will say what they fear people to do them and will later do the same thing. I could remember when he bought twitter, he was saying it was a free speech social media but was suspending accounts that were trolling him and was mad about things they say to him and later change mind when he saw that people will live the social media for another one, trust him at your own peril. |
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This is not the first project to this, if you cross check the coin market cap, you will see many of them like this. What I see from this projects are nothing but pure influence to get rich, check that team very well, the team should be comprises of muslim community because they think the fastest way to get people to buy or sold out their coins is through influencing and religion is one of them, they think using of muslims will fasten their sells but most of this type of projects end up or dies 6 month after launch because they don't have anything, just hype and hype, no tech for the long run.
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In my opinion, meme coins are no longer good for investing, mostly meme coins appear because of the elon musk effect, and that's not good because meme coins don't have a strong foundation, they only rise due to temporary hype
Elon as abandon them and now into his space X and Twitter blue tick business that is giving him $7 monthly per each person. People forget quickly that Elon is a business person and will used his influence in any where he see opportunity, he knew crypto people like quick money and he use doge to manipulate everyone with his tweets and now from the look of things, doge is not doing any good again, may be the next time he comes back, they wouldn't want to buy his idea of influencing people to buy any coin and we may not have anything related to meme coins again. |
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The most entertaining, well done and complete Play to Earn games developed so far didn't show any respect and consideration for the community of players, rather their only goal was to milk money from players, without caring about long term goals and survival of the game. They were MIR4 and Ni No Kuni. Bots and toxic players killed the environment. And that is so sad, because the games were really good and promising.
With some adjustments those games could be popular until nowadays, while working as side income for many players. If at some point in the future a studio comes with a similar idea, but propitiating a friendly environment for every players (not only the addicted, wealthy ones) I think it will be a huge success.
It would always be a non-stop race - devs versus botters. The botters always find a way. Look at runescape for example - even with all the ban waves, people still bot to this day. Such game would need to be profitable as a business and have really good funding to be able to fight back botters. I think the devs knows the permanen solutions to this bots problems, it is hard to stop bots activities but if the developers doesbn't want bots on their gaming websites, they can do it but I guess they also need it to manipulate the numbers of users, that is what some of them use to show their stats to other gaming competitors, they can announced and bost of having million user but if you check very well, the real users might not be up to 100k playing game and they will be the quick to cry that users are stealing rewards, they want users and bots but afraid of how the rewards are stolen by users. |
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yes, of course the project team and developers are looking for and determining the right time to build and release their project, of course releasing the project when the bear market will be very detrimental, because in addition to falling coin prices, the attractiveness and buying interest of investors also decreases, so time the right one to release their project during a bull market
Some of this developers are scammers and thieves in disguise, if we are real and want to be honest with ourselves, which altcoins does as they promised? They usually don't do as they promise on the paper and that is why you see investors jumping from one garbage to another projects and the less understanding investors lose money at the end, if really these altcoins usually end as promised, no project will fail regardless of the time it is launch, whether it is bull run or bear market, they survive and do well but since they don't, they always wait for bull market they know that new investors will be in the market. |
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What is the fair percentage of a total max supply that are in circulation that can make you invest in a project? It is fine to avoid a project that has low circulating supply? Why? What about if the project is a brand new project and the use case is killing it?
I don't have any problem with max supply as long the team doesn't temper with it and the contract, if it remain fix, the token will perform well regardless of what tokens are in circulation, the only place I think circulation supply usually have problem is when there is concentration of tokens to a group of whales who can damage the price and control the price, when this happen, they can go far by manipulating the Dao and everything will always be in their favour. Do you know that a coin can be healthy when the total supply is unlock and even distributedm by that I mean distributed in decentralized way in the sense that coins are not congested in a particular wallet. |
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I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.
and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?
The interesting part of the market dynamics and volatility is that some traders and investors believe that bitcoin has reached an excessive value and has become sufficiently big just by looking at it, it has gained tremendous value in the sense that to multiply it will require a sizable sum of money from whales. Let's compare the price of Bitcoin to that of Solana. At the current price of Bitcoin, which is $27k, and Solana's price, which is $21, it is much easier for Sol to double its price to $42 than it is for Bitcoin to double its amount to $52k. I don't think you can pump bitcoin to $52k overnight because you would have to double down the cryptocurrency market cap, which will be difficult. |
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The thing here is that social media platforms are the best place ever to advertise a business and there are more people on social media than else were. We are in a modern world where people didn't have to stress their selves about things
The best place for business advertising are Instagram, LinkedIn, and all the rest so social media is also part of a business's life on social media, there are a lot of people who are looking for business or jobs so business people should advise their products on social media.
Do you know that users who use social media dislike it when adverts are everywhere? I dislike it when a social app becomes cluttered with these ads. However, I do not blame them because they need to generate money for themselves and the app itself; any company that does not have a source of income from what they create for people will die because they will lose interest; nevertheless, I believe that when they do advertisements, they should be moderate; they should not litter everywhere with ads to the point where it would no longer make sense. |
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I don't think I'm at that level I can think of something of that such, lost interest, never! I am struggling to meet my basic requirements and bills, and as a man, if I am able to do all that, I am contendent with what I have, I dislike anything that has to do with greediness but I have who actually on earth get tired of financial freedom, the rich people in our community still hunt for more money, look at Elon Musk for example, he became the richest man but was not tired to get more, he went on to acquire Twitter and the purpose is to get more money from free jounalism.
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Why is there so much scarcity of money in different nations of the world, is there any crisis affecting UN's economy? People hardly meet up this days, the government has failed us, the banks are not working, companies and industries has reduced quality of products.
Is affecting so many countries in Africa, America and Europe, the rate of unemployment, insecurities and corruption is becoming alarming by day.
I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?
Which African country has scarcity? You generalize everything; you should have some statistical evidence to back up your explanation. My country has so much money in circulation that they are begging the public to return the money to commercial banks, which has affected the value of currencies. Because of this, they redesigned new notes to replace the old ones, and even with that, I don't think the scarcity is that great because the banks have the money, which has been shared between the rich men and the politicians, and we will see more cash before the end of the year. |
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For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.
Poverty exist in all the countries and you cannot completely erase it from the country but having the opportunity to buy as an individual is a stepping stone in preventing poverty provided that it was bought when it was cheap. The problem now here is bitcoin has grown pass the point that I think poor person cannot buy, if a poor person have 1 bitcoin today, they will sell to settle their bills, so bitcoin at this point cannot eliminate poverty but can help get the rich get richer and they can also choose to use it against inflation as USD has lost it purchasing power according to Bloomberg. |
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