Hello i just want to ask if i you guys also notice when the bitcoin rise there are also a lot of new projects come out and if bitcoin fall there are only few projects build, is it because some projects developer notice that most of the successful projects are build in bull market and most of the projects build on bear market are failed? Or they don't care about bull and bear market and they build thier project because the time is already been set?
If you noticed Altcoins, only few of them have been following Bitcoin, reason is that there time is done. Coins like Solana and Shiba that stole the show last bull run are done and when the new bull run start, new coins will emerge the market and another trend will start. I still think NFTs and gaming are still having impact on the crypto and I think they will be the new trend when the altcoin bull run began, I will advice people to sell their altcoins when they have enough profits because nobody knows when the real top will be call, sell and wait for another opportunities. |
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For a long term holder / investor, what are the risks available with staking coins and tokens that you plan to hold for a long period of time? I want to know if its safe to keep your coins in staking instead of just holding them in a wallet when your ultimate plan is to hold for long term.
I have learn something from staking of altcoins, staking is suppose to be used to protect the chain for coins who have their own chain and also minimized the total number of coins in the circulations and the reward is to earn but what I learn is that people that stake usually loss. If you remember when Eth announced their staking, many people staked their ETH to validator and the price soar more than 6x but at the end, people could not sell because they are locked with contract period of 2 years and none of them were able to sell and now that the time of unstaking approches, it has declined in price. So, think proper;y before staking. |
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I think the factor that makes people too easily in debt is a luxurious lifestyle, many people compete to show off their luxury on social media so that many people want to follow them, unfortunately most people do not have the ability to buy in cash so they rely on debt, and also nowadays it is increasingly easy to owe in the online application.
It is not about living luxurious lifestyle alone, anyone can live that lifestyle if they are comfortable but I think the main problem is they try to live to impress people, this is where the problem comes from. There are people that think they need validation from other peoples and their views and when you buy into all this society peer pressure, you will become broke and keep borrowing until you exceed your limit and after you look back into history of what you have used money for, they do not worth the time, it is better not live to impress people and avoid extravagant life. |
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In my opinion, the trend and performance of bitcoin will still be good in the next few years, the number of users who continue to increase is an important key that the price of bitcoin will easily skyrocket, if we don't have the capital to buy bitcoin then a good solution is to take a loan, if we take a loans in banks only pay interest of around 20% per year, while bitcoin in January can increase by more than 40%.
If you want to take loan to purchase bitcoin, you have to be smart about it, you don't wake one morning and hit where they will borrow you money you want and invest everything in bitcoin. To do this kind of thing, first, you have to analysise the market if it will be favourable to buy bitcoin and if it will yield income in due time and there is minimum negative impact on the market and then secondly, make sure you put the duration of the loan into plan so that you don't buy bitcoin that you wouldn't be able to pay back when it is due time, that is what I think is perfect solution, it may not be better but the second is very important factor. |
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Is Covid 19 discusion still relevant till now  It was a year I lived to survived to see another, the tension made me almost want to think the world is coming to an end but it never did. The problem I had then that I can never forget is lack of access to market, there was total lock down of states and the nation, so to buy food regularly was a big problem, if they don't allow or announced for going out and you did, you will be arrest and fine, also to use money to buy things I need are practically not available, the both were all scarce but thank God, they are all now in the past. |
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I worry that I have many wishes. I have one and want more. As such, I will never be satisfied with the present. That makes me feel greedy. Time is passing and what will I have to do to make myself appreciate what I have?
Although I have read a lot, the knowledge usually does not stay with me for long.
Do not have a feeling that you are greedy, it is natural when a man is surrounded with problems with no alternative solution to have everything around him, so it does not mean you are greedy because your situation is different. The real meaning of greediness is when you have it and yet you are not satisfy with what you have at hand, that is the main difference between you and other people that are not satisfied. Researve your knowledge and be patient, trust the process and you will fly out with flying colour at the end of the day because they always deserved it. |
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People around the world already understand how valuable Bitcoin is, if there is ever going to be a massive dump it won't last long, you will only be left with blames if you failed to take actions, I will surely buy all I could and wait for a recovery, because in the end of every crash, Bitcoin always pumps.
You understand how the market work, and what follows is regret when you see opportunity and refused to take it. Like the last time when FTX crashed, it dump so bad, the Bitcoin market becomes laughing investment by the media. that is what they love about bitcoin, they are always interested in the failure but the bitcoin has now bounce back but no media is talking about it, they are afraid of people making profits and do you know people that are scared of Bitcoin growth? It is the tradfi. |
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If I have huge amount of capital, I will never try future trading. Generally, I think people who go into future trading are inpatients and are opportunities who always want to make big profits regardless of the volatility, they wabr something big even with small capital, they want to eat their cake and still have it and the truth is future is one of the riskiest investment any person would want to induldge in, it is possible to be lucky but the probability of making it out of future trading is very low, I will always advice people to do spot instead and with patience, you can make something out from it.
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It's never too late to start. It is worthwhile for yourself to simply understand that the start is not just an action or a word. It requires a certain level of knowledge and skill.
It never too late to start anything in this life, the question I will like to ask you is that, are you ready to start? This question is important because anything in life you want to do, you must be willing and ready to do it, if you are not ready, that is the first thing you need, secondly is the capital? Do you have the money to start this trading? You can learn all the skills but how do you multuply your capital, if you have a small capital, it means when you have profits, it will be big and vice. To the Bitcoin question, you are not late, start with amount you know you can afford to lose, it is very important. |
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I mean, how the heck is someone addicted to trading? If they are making losses in trading, then they will definitely stop at a point when they won’t have money to trade further. Otherwise, if they have tons of money and are making good profits from trading, then this addiction isn’t at all bad, to be honest. Until and unless you trade within your limits, there is no harm, but if you exceed the amount that you have committed for the trades, then definitely it will be a big problem. I haven’t come across any crazy incidents or met anyone who is addicted to trading. People trade just to earn some extra income. Trading isn’t a source of recreation, so how will it become an addiction?
Maybe addiction is meant when trading without having good knowledge of trading and wanting to continue trading even though many losses have occurred. Because this kind of trading is like gambling where you only make guesses. Futures trading is usually what they use, just guessing up or down then holding big leverage. I know someone who does something like this and he always loses, but even he doesn't learn from those losses. If you only do normal trading and still have basic knowledge, you can still control it. But if you only rely on instinct, it's no different from gambling. Some traders don't have any other side jobs apart from trading and I understand when you take something as hobbies, it becomes part of you and from their it becomes addiction. I think as a trader, the addiction doesn't really mean you become a nuisance to yourself, but you becomes something entirely different from what you were before, those are the time you don't enjoy going out anymore, you always want to be sitting infront of your screen, you dislike any other discussion apart from crypto and trading discussion, you dislike anything that doesn't have to do with trading, that is what I think trading addiction is about. |
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This is a very important note. In general, it is important to be as careful as possible with emotions in the process of work, because under the influence of emotions, the result can be unpleasantly surprising. When I started working with a broker from Amarkets, I first learned everything on a demo account.
We are here to make money, so when you buy bitcoin and see it dumping, there is no way that you wouldn't feel about it especially when you make the money from your own sweat. When you buy a coin and you have it in mind to make more profits and you later realized that the money you invested is declining, there is no way that you would't feel the pain but its a traditional road every trader undergoes, with time, it gets better. When you becomes better and experience in the system, it wouldn't longer worry when you see your coins going down in vale. |
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The market changes so often that I don’t even know if my answer will be relevant. In general, this is a very difficult question, the answer to which is definitely quite difficult to give.
This is not difficult, not to be greedy, I will sell when I think I have profits enough to be happy, the question is sujective to individuls and how they feel they should do with their investments, people decisions can affect your profits, it is better to do it your way so that you don't have to regret later. I know some people that have bought bitcoin since when it was around $7k and they are yet to break their wallet, it is still there, they refused to sell even when people think bitcoin will go below $15,000 but they didn't sell, they still hold as they called them diamond hands, that is the advantage of self decision, you do not have to listen to people for decisions. |
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The crypto market has seen the value of all coins, including Bitcoin, green at the moment. But it is normal that the market may go down again. You can trade now if you want, trading now will surely earn you good profit. and if you want to invest for a long time then you need to be patient. Because the market has increased a lot now. and when the market takes a little dump again, you buy and hold bitcoins. Sometimes fear causes even experienced crypto users to back down. If the OP had bought bitcoin as of January 15 when this thread was created, the closing price of bitcoin that day was $20,879. Let's assume the OP invested $2000 then, by now he will have made some profit since Bitcoin started trading for $27,000. Since January, Bitcoin has increased by approximately 25%.
OP, if you have not bought Bitcoin since you created this thread and you think the market is too high now, you can do DCA and also hold your coin in your wallet; don't be in a panic to sell if the market is falling. Very easy to make evalaution after seen positivity but if you are the OP and from what happen to crypto around November, you would have done the same mistake OP did reason is that there were no interest in the market, even last 2 weeks, people had fear that USDC collapse may send bitcoin back to $10k but luckily for them, they triumph and everything became in favour of bitcoin even when we all know that the bounce is manipulations of whales, only bitcoin has been having a good time, altcoins remained the way they are and despite the cool down of bitcoin, no changes in them. |
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Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?  Some of this coins are control by team and whales and since whales buy and sell bitcoin, they sell altcoins also to minimized their liquidation, that is why we see altcoins bleed more when bitcoin drop in price small and altcoins do more drop than the bitcoin. It is also possible that truely the altcoins are been controlled by the whales but I don't know for sure if that is happening to bitcoin also reason is that bitcoin is decentralized and cannot be toy with few people and the whole world cannot think the same thing and want to manipulate the price of bitcoin. |
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Has anyone ever thought of investing in Bitcoin in previous years, but later left out due to negative though that Bitcoin will not have positive value in time to come.
Let share our experience.
As for me I still regret my actions years back, but I still believe that it's never too late.
If I had been fortunate enough to invest in cryptocurrency earlier, I am confident that I wouldn't have missed anything and wouldn't have any regrets since I know I would do anything to earn what people are making and that I would keep it till it made me money before I would sell. How come I'm saying this? Some folks don't currently own any bitcoin, but what I admire about them is that they always have the opportunity to purchase when the price is low and sell when the price reaches new all-time highs. They are good in that aspect, or perhaps I should say that they are lucky, but as you said, the present is what matters, so buy them now. |
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Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
The benefit of cryptocurrency and forex is that while they both experience gains and losses, they also process individual advantages and disadvantages. Like cryptocurrency, for instance, the few benefits I am aware of are that you can make money quickly, particularly when trading altcoins, that you don't need a lot of experience to trade, and that you can buy and hold. I'm not sure about forex, but the disadvantage I believe it has over cryptocurrency is volatility. When you lose money in cryptocurrency, it is a catastrophic loss, whereas in forex, losses are minimal, with the exception of when you trade on margin, which can liquidate you at any time. |
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maybe those who understand say keeping money in the bank years is worse and better to keep it in bitcoin, but for those who don't understand it's hard and they don't believe it. believe me I've told my friend and he said it's impossible.
Why would anyone keep money in banks with such sort of mentality? Any institution that provides banking services is only there to protect itself; there is nothing in it for the people who invest their money. For this reason, bitcoin is the best asset to invest in. It might take years, but holding on to your money will eventually pay off, and you should never panic to sell when there is bad news. Some people have regretted this decision because they sold their coin and it later grew in value. Bitcoin and perhaps other good cryptocurrencies are the safest places to store your money ever. |
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I've tried arbitrage but sometimes the difference in the market is different and there are several other obstacles.
but indeed arbitrage is profitable if the price difference is far enough and you don't have any problems when doing it.
but its not always work sometime have a risk too.
If you wish to try Abitrage trading as a trader, you should consider various things such as volume, as indicated by the OP, to avoid front running to bots. You need also examine the behavior of bots. If you look at the OP image, you will notice that the volume is tiny, therefore the trading volume displayed is the activity of buying and selling one or two bots. If you try to execute arbitrage trading with this type of token, you will become trapped since the order book plainly does not favor you. Anybody who wants to try arbitrage trading should use coins with a high volume, and when they observe a difference in the market, they should trade it and profit. |
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Almost everyone stated about the types of trading in cryptocurrency space and those are the actual types too but I didn't see about copy trading here or atleast I missed it so it is also a type too in my opinion which involves simply copying the strategy of other and execute our trades so no efforts but complete risk taken on someone's success rate.
From all these types we can simply point which is better and suitable for anyone that is long term spot trading cause its simple, less risky than others and we can have our assets in our wallet itself.
Copy trading is for lazy people who don't want to use their resources to do research and this usually results in losses, because you just copy another trader's set up and anything can go wrong in the process and he will not update his followers about the new update, so even if there is something that comes up, you will have had loss before you realize and taking correction will be late by that time, so it is better to trade your own, set your own target. Most importantly, this type of trading should be discouraged since experts do not disclose their losses, which is deceptive to say the least. |
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We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?
Is it that the rich have already wealth the day they are born? Have savings and investment?
While the poor doesn't have any of those?
The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.
What people don't realize is that they don't cherish their little beginning. We don't appreciate what we have, which is why the phrase affects people in real life but not me. If you work hard, these quotes are nothing more than man-made phrases designed to discourage hardworking people. However, if you work smart and get dedicated, you will see how you can elevate from being a poor or normal person to a rich person in a short period of time. It is all about dedicating yourself, and it is not as if there is any super natural stuff that poor people lack or some special ingredients that rich people possess. |
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