More adoption is needed but it’s not compulsory. Bitcoin has gotten quite a large attention however getting more people to know about it wouldn’t be bad. And I do not understand what you mean when you say that it won’t become what it was meant to be. What was it meant to be? How does it getting more adoption hinder it from becoming what it was meant to be? Or have I misunderstood what you said.
I think one of the problems is that many see cryptocurrency as a scam or as something that has no real value and that is an extreme risky asset to have. Every time I talk to my friends about it, they have this misconception, mainly created by the mainstream media and it is hard to change their minds. It's hard to change their mind because they heard it on the mainstream media and there are still facts which are the mainstream media is saying sometimes. This makes them think that everything that they said are true. I guess there is nothing we can do about them if they won't listen to us because they think we are too small compared to the mainstream media. Just let them regret later on, when they find out the truth about cryptos because by that time I'm sure that the value of cryptos are already high enough because there are still factors which can lift its price even if the adoption won't grow. One example would be the halving event. And this is something that more adoption can actually help with. It’s basic to know that the more adoption, the more people are talking about it. And when too many people are talking about something, the truth will always come out somehow. Or let’s assume that countries start accepting Bitcoin, the media will say good things because they’d see it as the government has validated it to be something worth venturing into. back to human characteristics in general, where when you see successful people you certainly want to imitate them. What I mean by this is that when the bullish season comes, there will be many stories of successful people from cryptocurrency, this will be interesting news for bitcoin adoption, where many people will learn about it and want to be successful like the stories they hear. but this is like a double-edged sword, because there are many stories of people like this actually failing, until they end up reporting fraud on cryptocurrency |
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The war in Ukraine and Russia had such an impact on the global food supply that it spelled disaster for the poor countries of the world. Due to the revenge of Ukraine and Russia, food shortages occur in almost all countries of the world due to not being able to supply food at the right time throughout the country. As a result, the price of food rises unexpectedly. Both Ukraine and Russia are major food producing countries. As a result of the war between these two countries, all systems of agricultural production were disrupted, disrupting food production, which had an impact on food prices. But now the food crisis is back to normal. But it was made possible by an agreement in 2003. This agreement made it possible to export food despite the war
Apart from the food crisis, another concern is the gas and oil resource crisis, which is most affected by European countries and this triggers a global crisis, considering that raw materials are difficult to obtain and of course this causes the price of goods to become higher, on the other hand, Europe does not take sides in Ukraine, which makes this even more difficult, and of course European exports are hampered until finally most countries in the world feel this |
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Personally, I find both of these areas trustworthy. The point is that you must clearly understand your type of investment and the time to start is also very important. Crypto is more flexible in terms of investment capital, while real estate is the opposite in terms of large capital resources, even requiring mortgage to borrow from banks. The economy is going into recession in 2023 and may last until 2024, so arranging issues to choose capital sources and types of investment is important. I prefer investing in cryptocurrencies for this reason.
In studying both, you must be able to master the characteristics of each investment, whether crypto or real estate. because in both cases there are quite a few who fail to carry it out. I will give an example for real estate, people buy housing to rent out, but instead they lose because it turns out the house is damaged and the repairs exceed what they get, the same is true for cryptocurrency, where many fail because of greed or panic about the market. |
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Trading is actually more productive and profitable than hodling so we can't hold the people if they really desire to trade. While trading is a lot more profitable than holding, but the risks on it are also bigger than hodling alone.
However, every situation requires the proper method or strategy on what's the best thing to do to end up with significant profits. Either you trade or hold, that depends on how skillful you are to that and that would cater the current market situation, otherwise if you take suicidal in trading, you might end up losing everything you have and regret why you trade earlier without setting a plan fisrt.
For beginners, perhaps holding is better than trading, considering that the risk is very high for trading, we must have complex skills to collect profits from each transaction, or we must have the courage to make cut losses so as not to fall into bigger losses. It's true that only a few traders are successful, but we can still learn by holding a larger holding and using less capital to trade, that way we can progress as a trader, until the time comes when we can do both very well. |
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What could really be happening?
People don't understand the market as well as they like to pretend they do. Someone ran their mouth claiming "moon", people believed it, jumped on the hype train, but none of them knew anything about anything and they're now disappointed. I doubt there's any more to it than that. And that's probably for the best, to be honest. If the charts suddenly went skywards, Gensler would simply claim his concerns were justified all along and then start being a dick about it and trying to clamp down on everything. If people had any sense, they'd say this distinct lack of sudden volatility is an encouraging sign that traditional whales can't massively manipulate the price and that stability is good. Even though the good news has been heard, up to now nothing extraordinary has happened, unlike what previously happened with Bitcoin. and I think it's not yet time for traders to step up in unison, while whales currently don't think it's easy to do so, considering the huge amount of capital that has to be spent, especially now that bitcoin has spread to more hands. That way, Bitcoin's stability will become stronger even if Fomo occurs, it will run naturally |
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"In 2015, when I bought my first btc at $400, people said bitcoin was dead.
In 2019, when btc was $4000, I wrote the S2F article, calling for $55k btc. People said I was crazy.
Today, btc is $40k, and S2F model predicts $532k after 2024 halving. People say it is impossible."
We will keep hearing contrary opinions about bitcoin, as long as we have not approached the halving, everyone will keep saying what they think straight up without having a second thoughts on them, well, it's high time we believe more about bitcoin now, even if we keep having more dips than we expected to see the market running bullish, Bitcoin is having no best time than now, if the interest is there and there's opportunity for an investment, we should do it without looking back before we get a new all time high. Having knowledge about Bitcoin is an absolute requirement, so that we can know the characteristics of market movements, so that it is more convenient to know when is the right time to buy and sell it. it will be even easier to invest long term, of course we only need to buy bitcoin, especially now, which still has a big opportunity to increase, so we just have to save it until one day we can sell it with a double profit. Of course it seems easy to imagine, but after doing it we will understand the difficulties experienced |
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The future of crypto currencies is unknown, but it is a new generation of Money which is already replacing the paper currency, especially Bitcoin been the most popular and successful among other crypto currencies so far, bitcoiners need to know that currently Bitcoin is trading low from its all time high, Bitcoin should not be viewed as a short term Investment, but should be seeing as a long term life changing investment due to its liquidity and high returns when trading high.
Bitcoin is a digital currency that has come to stay, as long as the internet stays , most persons that didn't believe in Bitcoin 10years ago regretted it, that will be also be the case for people who don't be in it now come 2034.so think positively take the risk and Investment in Bitcoin today.
Indeed, we can use Bitcoin to support our future, but before we start, of course learning about it first is mandatory. considering that many people fail due to their own mistakes and lack of knowledge about bitcoin. I think this also applies to all areas of investment, to study it first before deciding to invest. currently the price of bitcoin has started to rise but I think it is still worth investing in, in the next 10 years maybe we can feel the benefits, but what you need to know is that there is no time limit for making a profit |
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My strategy has worked well so far - I try not to overthink it too much. I just steadily accumulate during market dips and hold on for the long ride up. I know timing the market is nearly impossible, so I'm not trying to sell perfectly at the peak or anything. My basic approach is to sell some portion after significant runs up to take some profits off the table. That way I can recoup my capital and let the house money ride. But I don't want to sell too quickly and risk missing out on potential future growth. Its a balancing act for sure.
a safe way to grow money, where when an increase occurs we sell some of it in exchange for our capital, and so on, let the profits work to double the money. However, if we invest in Bitcoin, I think waiting for the real bullish season will be better, considering that investing in this coin is the safest, and of course when the halving occurs it will bring more profits, if the halving doesn't meet expectations, we hold on. it will also grow even more |
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It took me a year or so to really grasp the concept of cryptocurrency trading. I'm not ashamed of anything because I worked hard to learn, study, and comprehend it. Even if I had to go back and forth, it was great since I was determined to learn, and happily, my efforts were rewarded.
I've never stopped studying here, and the more we learn, the better our skills get. It indicates that if we constantly improve our minds here, our minds will remain sharp in their knowledge. And if we can keep it up, we will almost certainly be able to keep profiting from it.
I spend a little less time trying to figure out trading, and to be honest, it really tired me, and the results compared to my holding portfolio are simply ridiculous. Considering how much time I spent on trading, I expected that I could achieve more, but in the end I see that holding brings me significantly better results, incomparably better. At the moment I’m not sure whether it’s worth continuing trading, I suspect that my results will not change much in the future, and I see that in my case it’s better to spend the time that I spent on trading on overtime work and in this case I can earn more , and the money I earn can be invested and get additional profit. It's not an easy thing to be able to trade correctly, many of us give up halfway, but there are also those who are more interested in learning to trade, but don't immediately place all your capital for short-term trading, we can regulate the portion by holding, because it doesn't matter. makes us frustrated and we just have to sell it when the profits match our analysis. Short-term trading is slowly learned until you will understand it yourself |
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Everything requires a long process before we can become proficient in a field. Including in trade. In fact, it took me about 1 year to be able to actually trade without having to ask for advice from my friends. Now I understand how to deal with the market. It's not just about technical and fundamental analysis. But what is more important is how we can manage our emotions well. We must maintain a good mentality in trading. Because I think the toughest enemy that we have to defeat in trading is greed and excessive fear. Greed and fear can make us impatient in taking a position in trading. If we have made a profit and greed arises then we want more and take more risks. And when we experience losses, we realize that we were wrong by involving greed in our trading. Apart from that, money management is also needed.
learning and experiencing are two different things therefore if someone knows about everything and learn then he should not think that his success rate will be more because before entering into the market person does not know anything but if someone enters then he forget all the things which he learned because everything seems totally different. One year is not enough to learn all the things because experienced traders often loss their money so when it comes to reality then more years are required to become a successful trader. At start people wishes just to get money in a second but such thing is not possible in crypto trading therefore one who keep their greed in control will find a better way which will be fair for their victory. emotions are not easy to eliminate therefore taking profit on time and understanding of market is essential for hiding your emotions. Eliminating emotions may be difficult, but we can control them to act according to logic and of course put aside greed, learning trading in one year may still be lacking in terms of experience, but each person will have a different level of learning, in fact the main thing is to bring in appropriate profits. with our portfolio clear and logical, and only ourselves can judge it. Therefore, enjoying the process will be fun to continue to hone your trading skills |
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If spot trading is what we often do in the trading activity that we do, in my opinion there is no need for a stop, maybe only for those who often do futures trade, margin or leverage trading or perpetual among these I think a stop loss is needed here in what I mentioned...
I believe that the use of stop loss is also mandatory not only for margin trading, but also for trading on the spot market. And if your position can be liquidated in margin trading, then in the spot market you can turn from a trader into a long-term investor and then wait for months or even years for the price of the coin to recover to its previous level. You are lucky if you are still able to hold it for months or years, but if you are not able to hold it, it will result in big losses. therefore the use of stoploss is necessary only to be able to regulate the level of risk every time you make a transaction, because many traders seem to be able to withstand floating minus but cannot withstand floating plus, then if the minus always increases in the end they will become confused themselves. |
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This time we are is very difficult, by now we should have forgotten about the government now because they can't even do nothing instead things are even getting worse, I think it will be better if we stop depending on job for the government. This is a time people needs to be strong and be independent, having the mentality of being independent helps alot it comes with a great energy to provide for yourself. I believe we are in the time people can survive without government job.
Having your own job will indeed make a person's life freer than working for the government where there are many rules that must be obeyed, because everyone who works for the government of course must be able to work in accordance with all the rules set by the government, for some people who choose to be independent and don't expect work from the government, of course this will make their lives freer and also allow them to work according to their needs. If you want a lot of income, of course you have to be able to work harder than you already do to be able to get the income you want. he wanted. The advantage of working alone rather than working for the government is that we can manage ourselves, but we also have to be responsible for ourselves, unlike those who want a safe path, it is better to work for the government, but indeed wealth can be calculated. Therefore, the difference between the two is each person's mentality, not necessarily whether people choose all efforts or vice versa |
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Do you believe idea and money are very important in investment? Or can you succeed with money without idea in that investment.
I believe ideas and money are very important in investment but besides these two, education/knowledge, flexibility, and discipline are also very important in investment. With education or enough knowledge on how to realize your idea can make your idea come true. Flexibility is very important when your idea does not bode well, so you need to have a fail-safe button to save your investment capital. Discipline, in order to see all things and personal activities, does not affect the idea negatively. I guess you guys have missed one of the most important factor for your investments to succeed, "Experience". Though not necessarily everyone has to go through enough experience to succeed, but to some who has yet to succeed but thought about quitting, they should study what needs to be learned from those experiences. With experience you will also develop ideas and knowledge and traits like flexibility, patience, and discipline. It'll also help you build a better chances of succeeding on the next tries. Investment is one way to achieve success, where it is best if we have the knowledge to place our funds in investments that we can control, because if not, it could be indicated that we will fall into gambling, and that is not good. for example, if we invest in bitcoin, of course we have to know the characteristics of bitcoin and know what we have to do. After that, what we need to complete is experience, so that we can overcome the problems that occur, here psychological factors and logical targets are very dominant. |
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In the early stage of my investment when i was new investor i got big support from my family members and i started invest. But now i am in third category because i like to invest with deeply researched, it can be crypto investment or other offline in real life investment.
I am also closer to the category of investors who act based on research results. Because without research it is carelessness and speculation which is clearly not true. It's all speculation. But speculating with the help of research results is the best and justified. So it could be said that the most difficult part of investing is actually gathering information in the context of the research itself. And sometimes we also compete to get information faster than anyone else. Because those who are the most late in getting information are definitely those who are late in entering into the investment itself. So it is not surprising that there are paid services to collect information to meet these needs. But I prefer to research in my own way and that can train my own thoroughness. And there is a strong feeling of satisfaction when we manage to get information faster than other people. On the other hand, I am the type of investor who is not good at doing research, so I prefer to choose coins that are safe to invest in, namely Bitcoin. the difference is that I do research on price action, so that when the price decreases I can buy it, or when I have more money then I buy bitcoin whatever the price, especially when the bearish season comes, of course there is not much consideration in buying it |
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If anyone says that the success rate using remote work patterns is small then I am sure they do not understand the sophistication of technology, unless work cannot be done remotely. I prefer to work like this compared to having to go to the office in the morning and come home at night because our freedom is much greater and it's just a matter of taste for freedom at work.
 Those who work remotely are usually people who are selected and have a high work track record and are able to adapt to current technological developments and are used to it. His duties are usually special, for example providing clear direction regarding decision making by presenting data and facts if at any time he cannot be present at work. being able to control remote work is commonplace in the current era, because of the limitations of distance and time, this is an effective way to control it. especially during the recent pandemic, many people also worked from home, they communicated with each other long distance, but also still produced. Therefore, we should always be able to adapt to developments over time so that we can use them well to support our activities. |
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However, I have benefited from selling my bitcoins currently and using them for my needs, but I feel like I missed out on a huge profit.
Yeah, you missed out a huge profits but would you have preferred to leave your present needs because of your future investment in bitcoin, whereby the opportunity to invest in Bitcoin would always arise again but your present needs at that moment do come up once in a while and they always need to attain to at that pressing time. Selling your bitcoin for your needs is not what to regret. Take it that bitcoin saves you in solving your important needs when they arise. What would you have done, if you hadn't invested in bitcoin? Think about that and give me an answer it was the same with me when I wanted to get married, at that time I had bitcoin whose price had not yet increased, because I was pressed for need, I sold it for my wedding needs, a few months after getting married the price actually soared, and indeed I had time to wonder, if I had sold it when it had gone up, Of course I am rich, but I can only accept it, considering that I have been given the good fortune of having a new family and of course I made a profit when I sold it. so I think there's nothing too regrettable |
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Same scenario in my country, it is fortunate that Bitcoin is not illegal in our country. However, if they happen to ban it the same as some other countries, I have to find possible options just to continue using Bitcoin. Aside from that, all traces or any information of me using Bitcoin, promoting Bitcoin or any related to Bitcoin will not be published just to continue using it and avoid any trouble with the law.
This will be the case until the country decides to finally accept Bitcoin. If that time never comes, going to another country that legalizes Bitcoin will be the next option to make use of the invested money in Bitcoin.
There are platforms to use with no KYC and you can buy or sell bitcoin without needs of legal for Bitcoin in your nation. You must be careful that if you have issues with the trade, and trade partner, you will not be able to ask for support from police and court. You will put yourself in troubles if you do those actions in nation that considers Bitcoin and its trading is illegal. So to avoid issues, pick trade partners with long and good trading history, and avoid "too good to be true" offers which are often from scammers. In my country, bitcoin has not been legalized but it is allowed for trading, but when we withdraw to fiat currency via a local exchange, there is a tax on it. However, what I am still confused about is if something happens to the assets I own, whether this can be done through legal means, even though there is no legality yet, but tax has already been collected... |
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