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as long as I do to buy physical gold, then I buy it at an offline store that is well known in my city. but don't let us choose the wrong shop to buy physical gold, especially for jewelry, because like my experience, my mother once bought it and after decades it was sold and the price didn't follow market prices, so the price was the same as when I bought it, so I directed it to Buy at a recommended store. and the end of the story I sold it to a gold sales service on the roadside even though without a letter, but it was actually more expensive
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Trading isnt a rich quick scheme or method on making yourself believe that it would be something that would pull you into your current financial status.
Its an opportunity though for you to make some bucks or profits but of course there would be things needed for you to learn first. I agree about this one because that's how it is. While some traders with big budgets can generate huge returns, it is very difficult to find them among the other pool of traders. Strategy and budget play a role in the success of a trader but if trading is to get rich quick then I think this plan will be very difficult to achieve. Futures trading may have been widely used by some traders expecting multiple returns so far, but I don't think it's the best option for accelerating wealth. Futures trading is good to consider as long as the trader understands the strategy and is able to analyze price movements, but it's difficult so the risk of loss is much higher than the return. luck that makes beginners trade and get rich right away. but not necessarily they will survive to become even richer from trading results. therefore the main thing is trading knowledge that will lead us to become rich from trading results, considering that many people misinterpret trading, so what happens is the opposite, not the wealth they get, but the wealth runs out because trading is addictive and destructive psychology and common sense |
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If I'm not mistaken, you probably meant to invest $4000 in Bitcoin and earn $100 a day. It is very easy to earn $100 per day by investing $4000. It is easy to earn 100 dollars and it is not difficult to lose 4000 dollars to 100 dollars so you have to observe the market and invest at the right time.
Since you have a certain target fixed each day, hopefully you will not be greedy when that target is met. If you can work according to your plan then you will definitely be able to achieve your target.
Earning $100 a day is possible with $4000 capital, but without using leverage I think it's difficult. Price movement in the market are not always impulsive or drastic move, sometimes it only consolidates for days. However, we have to expect that there's losses in our trades so it adds more weight that affects our daily target. Aside from that, since there are consolidation days, in order to not affected by that, we can do leverage trading but it's very risky. when it's the right time to enter a trade when trading, then a profit of 2.5% is very possible, especially not spot trading, so $ 100 per day is possible to be fulfilled. but for me it is very big if we multiply 20 days in one month, it means 50% profit per month. of course in trading it is impossible to reach the target every day, because it is even possible to experience losses, I think it takes good skills to achieve it, because we have to be able to manage finances very well and be disciplined, for beginners I think the best investment is knowledge first |
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What!!? Millionaires in Bitcoin are emerging with just $30+, so technically, if the price hits $60 or $70k, we will be talking about trillionaires, right?
It seems to me that mathematics is not your strong suit. If at the current price there are x number of millionaires, if the price doubles, they will not become trillionaires, which I doubt you know what that means, but instead of one million in fiat equivalent they will have two million. Another consequence is that those who at current prices have between half a million dollars and $999,999 will also become millionaires. Think that a trillion is a million million, so multiplying a million by two is not even close. Maybe he just made it up to correct the OP kinda sarcastic reply. But looking into it, he could have mistaken billion to trillion, yet it's not achievable with the price rate of bitcoin mentioned on his comment. Aside that, what OP said, I thought about and realized that many investor made profits out of the recent pump in price of bitcoin. Some bought at 16k, so the amount of bitcoin they bought has to do with the profits they'll realize. The bull run came earlier than expected, hoping it hangs around that amount or increases again, at least those who lost a lot of money in bitcoin during the bear market could regain from the losses. what needs to be highlighted is the increase in bitcoin, if such a drastic increase logically might be difficult to happen, but no one knows what will happen in the future. Of course, with an increase to $ 29k at this time from a price of $ 16k, it has made the heart calmer, and for traders, of course, now many have made profits, although not that much. therefore it does not need to be debated seriously |
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take a start by little amount and do not rushes for quick success because success will need time.
This is a good approach and it will end up being called as the DCA. It's good to have this thought that you should not rush making profits on it and you'll take it slow at a time. Invest what you can afford to lose and it's not late at all. People will say that it's late on your part because the price seems quite high but not yet. Consider the price that it's quite high already when it reaches $100k-$1M. People would be always having those kind of thoughts that the price might already be that too high and this is why they would really be deciding on waiting up for some dip but ending up on getting behind and end up on regretting when they do caught themselves when bull run starts.This is why while the market is still low then its never been that too late for you to start and if you dont act now then you would really be getting lag behind and wouldnt be able to position yourself while the market is still low. Its never been late to start and its something that would really be that you shouldnt really miss out. If you are stepping into this crypto world then you should really be that in prepared. that is the psychological side of humans, where there are many similarities, when the price goes down, waiting to buy at the last decline, even though no one knows when the reversal will occur, and finally the price goes high, and buys it for fear of losing the moment. the easy way for me is to buy directly at this time with some capital, and we divide it into several purchasing plans, that way we will get some profit, if the price goes down we can buy it back, but if the price goes up, we make a profit. so it's never too late to start |
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I think that a trader should definitely practice his personal analysis, because you won’t earn much on signals alone. When I started working with a broker from Amarkets, I always tried my predictions on a demo account, and this is what partially helped me earn.
I would always prefer using my own analysis to trade the market than choosing to use sigaml to enter the market. The market is broad and sometimes it is good for us to use what we know to trade the market so that we will know what's happening in the market than going into the market blindly without any idea of what's happening so far. If we keep using our own strategy, there is a time that we are going to be understanding the market better than before since understanding comes when we keep doing something continually. market understanding arises because of our experience using personal signals. that way everything needs a process to understand it. relying on other people's signals as if we don't have a stand and at any time our trading style character will not be formed, but this happens a lot in the field, because many people want to get instant results, to make profits faster by willingly buying signals, or even many who subscribe to trading robots |
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the support area can be seen when there is a ranging candle, moving up and down in one area. as a reference, this support area is market defense, if the candle is not broken, then it is possible that the price will reverse direction and if it is broken, the price will return down, and a trend continuation will occur. the smaller the time frame, the more areas of support that can be found and vice versa, so we must be wise in our eyes to determine it
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view of the bear market should not be a scourge to be addressed. isn't it during a bull market we have taken as much profit as possible, and of course only a portion of bitcoin remains, that way during a bear market we just have to prepare to shop for bitcoin in a predetermined area. to spend the budget that has been determined and in the end just waiting for the next bullish season, that's the cycle of market movements
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will be a positive mindset if bitcoin holders have experienced profit and need goods to be purchased. so there's nothing wrong with that. but it's a different case if the investment experiences a minus and is used to buy goods it becomes a wrong mindset. because for me a good investment is not that we have to hold it continuously, but we also have to let it go when bullish occurs
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I don't think it's necessary to introduce bitcoin to people we know too hard, unless they themselves are interested in getting to know bitcoin, because later during the bullish season there will be many broadcasts featuring bitcoin as a trending topic, and that's when many new investors will come in. now what people like about bitcoin is that they can make fantastic money and many people have experienced it, where many people have suddenly become rich from bitcoin results
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PROOF OF AUTHENTICATION POST:
Bitcointalk Username: awik p
Telegram Username: @awikpri01
Campaign Category Participated: Signature
BSC Wallet Address: 0x04A118C7E58EdcD54d2671F45dd364338Fe80732
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it is very difficult to find a coin that can pump up to 100X, but it is not uncommon for many people to get it, luck is on their side to get multiple profits. if we really invest in a certain coin and always monitor it, then a 10X increase will already have an urge from the heart to sell it, at least will sell a small portion of the assets that are owned. until it reaches 100X, there are very few assets left, as they were sold earlier
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Even though it has become a popular meme coin it does not guarantee that it can follow the historical trajectory of its predecessors like doge. Just hold a year or two for peak bull season to come. if your finances are safe. no one knows what will happen in the future, at least we have tried, hopefully we can follow doge record whose price has risen to touch the new ATH
my advice is when the price of Shiba has reached the ATH price, then that is your chance to sell it, because investing in meme coins for the long term is not worth it and of course the risk is very big, therefore I suggest you if you have made a profit, then sell it immediately and swap to altcoin that have a good products or projects (safer and more profitable). and this can be done during the bullish season in the future, if you follow the developments in bitcoin then there can be a pump again so that it may penetrate a new ATH. and that's when we really have to be able to control our greed, because we have to realize that this is a meme coin, and whenever a crash can happen. but indeed the hope of the shib is that even though it has crashed, it has survived to this day and is still in position # 14 on coinmarketcap |
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These days many new crypto coins and tokens are being introduced and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency makes a good pump in their starting days and after on, they dump in a very dramatic way. This cause a very big loss to the investors and the trust in these types to new coins and tokens is finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
Is it risky? Yes! Is it worth to try? Depends Some of the new projects could give you a brief idea about what they are trying to achieve during presale and engage with the community, of course with the initial research from you then you can see lot of potential projects in this forum or other place. But still, the chance of that happening is pretty low and also that most of the new projects are ended up failing due to scammers and price dump after presale. It's a common thing. basically a new project has a high level of risk, so we have to be able to deal with it, for example we have analyzed it and it looks like it's worth investing, then don't use full capital to buy it, use a small amount of capital to invest, however this is a risky project, but if our prediction is correct then the returns will also be large. on the other hand buying during presale mostly takes a long time to list on the stock exchange, so we have to be patient to wait |
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Well, if it's just savings for your income then you can definitely increase your capital investment overtime. But when it takes to actually use your money for the "idea" to get more money such as making a business is a different story. Not all people can develop the risk and tension of managing a business and people would rather to be an employee rather than an owner, it's not everyone game for making a business.
For sure though, saving fixed amount of percent from your capital is much more doable for lot of people.
Everyone's mental level is different. some are more comfortable as employees, some are more comfortable doing their own business without being regulated by others. or there are even those who run both with the hope of being more secure in terms of finances, bearing in mind that the business cannot fully run smoothly every month, so they still need a definite income, namely as an employee. I think whatever path we use is all good, as long as we are comfortable living it, because things like that cannot be forced |
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As he ages, the window for him is closing. I never saw him encounter any financial problem because he has been diligient and frugal. This meet-up has completely changed my mind. Even people like him are struggling financially and we'd better prepare a comfortable life for the old version of ourselves. This uncle is still doing okay although with some struggles but I am sure there are millions who are broke and wish they could have made and saved more money when they were young. Always plan for the future. What do you think ?
This is a common mistakes that human beings make, they enjoy their youthful age without planning for their future, you can see them going to all expensive places and traveling around the world wasting all the money they're making meanwhile they have no savings for the future or when they try investing for the future they go for scams because they're now under pressure. It doesn't matter how much you're making today or how comfortable you're, what matters is will you be able to keep that lifestyle when you're old and can't do manual labours anymore. We should always plan for our future or we'll belike your uncle or millions of others that are now broke and unhappy. lifestyle becomes our benchmark to see our old age. not a few people are devastated because they cannot lower their lifestyle when they reach retirement age, of course, with less income we also have to be able to adjust. or while we are young we must be able to work hard to earn lots of money and establish passive income, so that our old age can be guaranteed with passive income assets. that way we can enjoy our old age well, without worrying about running out of money |
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Probably now I am thinking that I would not like to save all the time, I would like to reach the level at which I would be a wealthy person and I would not have to worry about money, but I have no idea when I can achieve this.
You already started your journey to achieve your goal because you have savings and some Bitcoin. If you want to become rich then don't just save, learn to invest not just in Bitcoin but in other opportunities that can give you passive income. If you want money work for you, investing is the key whether in assets or in business. However it's not going to be easy as it seems because it needs a proper plan and knowledge. But if you're really determine, nothing is impossible just don't give up. in investing in bitcoin the main thing is that we have knowledge about it, so don't be in a hurry to invest, because there are many cases of people investing in bitcoin with the main goal being profit, but what happens is the opposite. and it happened by mistake. after knowing it, we can save bitcoin with money that we don't use for living needs so it will be easier to hold it for a long time because no one knows when the price will match our target |
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Well, I think OP, waiting for 3 years before deciding to stop continuing our business is dumb. I believe a year of running our business we know already the status of our business and whether it was profitable or not, even just 6 months we can feel bad about it seeing how much is coming in versus how much is coming out. I shouldn't have to wait that long, so I disagree unless you really have a huge amount of money backing up so you still survive. And this is not really happening, businessmen can't sacrifice their pockets to save their business from closing down but rather move on and open another business.
Waiting for years just to know if your business is good will make you bankrupt. If you keep investing at the business even it doesn't give good feedback then you'll have to let it go. I agree the fact even in months you can determine the results of your business whether its good or not. Is unnecessary to wait 3 years unless this business is hard for you to shut it down. Some businesses is not for you especially in the environment of your business. Know what people would like to have, for you to open a business that people would buy. What's your target customer? Is it good to build this kind of business close to a park? You should know if its good first to establish a business to avoid losing a lot of money. But its part of your experience hope the OP would learn from this 3 years is a long period of time to analyze the business we live in. here it takes firmness from an owner to stop or believe in his business one day it will be successful, but of course it requires a very hard struggle for the next. henceforth there is nothing wrong because it is a choice, and of course every choice we already know the consequences. from that it is ourselves who should be committed regardless of other people to take a stand |
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Another cynical, but possibly true, viewpoint would be is that those "influencers" are actually paid secretly by "sponsors", like exchanges, to encourage the plebs and the newbies to use a more active trading strategy. It encourages more buy/sell orders, which converts to more trading fees for the exchange.
I have worked with plenty of them in my time as a marketing person, I can tell that they are not secretly paid, people know they are paid, it's open for business, they even list their prices and then promote the coins that pay it and for some reason people still buy it. You want to know the reason? When an influencer is too big, even things they promote, however terrible they are, may go up because those influencers could make it big, people buy because they think they can make a profit from that and because they do buy it, sometimes it does go up, and they think even terrible projects would go up because influencers promoted it, that's the only reason. psychological utilization of its consumers is the strength of influencers, many of these influencers do not understand about their products, because the most important thing for them is the payment they get. but it is the effect of these influencers that can lure investors to buy, and can occur en masse so of course the price will increase significantly, and the devs pay off by spending money from these influencers. but there are also, even though they have gone through influencers but there is no significant development about the project |
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