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21  Bitcoin / Bitcoin Discussion / Re: Can You Memorize Your Recovery Phrase? on: June 29, 2024, 01:44:31 AM
Instead of memorizing, I'd rather note it down and store it in a safe place, even with its own code that only we know. However, we cannot trust our memorization. In fact, when it is wrong in one word, it will be difficult to restore it, especially in the matter of sequence. Apart from that, we need to memorize it every day, which means, you need to check every week the Recovery Phrase you have to make sure. Personally, I prefer to keep it in a trusted place.
22  Bitcoin / Bitcoin Discussion / Re: Do you also panic when bitcoin price falls more than 10-20% in a day ? on: June 28, 2024, 04:25:46 PM
Well, that should be a normal thing, but this will cause the price effect on other altcoins to decrease as well. However, with conditions like this, we need to really think about what steps we need to take. For people who believe in the potential of the coin, I think they still won't panic, and will probably make another purchase. Meanwhile, those who panic may sell or make hasty decisions. Personally, I will probably continue to hold the assets I own, but it all depends on what information makes the price of bitcoin go down.
23  Economy / Trading Discussion / Re: Why do traders lose money in trading? on: June 28, 2024, 02:55:47 AM
It's a skill issue, like others have said, it's about minimizing risk/managing it.


I think poker is very similar to trading, you have rake "fees" the odds are already against everyone, there's going to be winners and losers.
The ones with more knowledge are still going to lose no matter what, but it's a numbers game, you don't put everything you have on a single bet.
And over time, making marginally better decisions than others will be profitable.

And just like poker, with trading you need a winning strategy.


Well, in the end it all depends on what abilities we have. If the person has often traded, then it is a matter of ability. Meanwhile, if he is new, then it is a matter of ability and knowledge. Many new traders experience losses, so I think it is normal. However, if he has been around for a long time, then he needs to develop a better strategy to avoid losses occurring.
24  Alternate cryptocurrencies / Altcoin Discussion / Re: Your honest stats how much you make profit with meme coins ? on: June 28, 2024, 12:45:17 AM
to be honest I don't really like investing in meme coins, and don't focus on it. However, I have used it and gained several benefits. I forgot how much profit I made, but it wasn't too much, because I chose to do it in a way that had little risk, namely by buying a little. I do this monthly, and even annually, depending on the situation. Personally, I will not enter into a project that has a small market cap because it is too risky. However, in the world of meme coins, everything possible must be tried, which is why the risks are so big. However, if you are interested in investing in meme coins, don't just look at the profits, but also look at the risks. If you do that with money that you focus on as investment money, then you should choose a better investment.
25  Bitcoin / Bitcoin Discussion / Re: For me, Bitcoin is just a financial Game. on: June 27, 2024, 09:45:16 AM
well, I think, it's okay to think bitcoin about anything. Basically bitcoin was created as an online decentralized payment alternative. However, many people think that bitcoin is an investment tool, and is often compared to gold. In addition, many people think that bitcoin is a gambling tool, or even a scam. However, people will have their own opinions, but what matters is how we use it.
26  Economy / Economics / Re: Bitcoin or Gold on: June 27, 2024, 05:29:17 AM
Storing both assets can be difficult so an investor just have to determine which one is more easier according to their ability.
What's difficult about owning gold, as well as BTC. There are surely a lot of people who own the both assets, it is usually lack of funds that make investors choose one or the other. Whenever the BTC or gold argument comes up, the first question a lot of people ask is why one has to choose between them, when you can accumulate the two and diversify your wealth.
LOL, there is nothing difficult about it when we have money. If you are confused about choosing one of them, then choosing both could be the right choice. However, if you want to choose one of them, I think it depends on the conditions and situation. Personally, until now I tend to choose bitcoin because I feel that it is easier to use it to improve my finances quickly. However, if I had enough money, then I would choose gold as a long-term investment.
27  Economy / Economics / Re: Should there be a limit to investing in your children? on: June 27, 2024, 02:28:34 AM
Education is important for children, so it is very natural that parents want the best education for their children. However, I think we need to look at the limitations we have. Sometimes there are schools that are quite good, and according to our abilities, but sometimes parents force the situation, and want to send their children to a better place. Actually it doesn't matter if we have money, but the problem is when we force it. Apart from that, we also need to see children's potential. Many parents force their children, so it ends in depression. Apart from that, education from parents is also very necessary, such as learning to make them independent, or other things. Not all knowledge will be obtained at school, but from parents and the environment. There are many people who go to school in good places, but what makes the child damaged is the environment. However, there are many things to consider, but as long as we are able to give the best, then give the best to our children. This is for their future.
28  Bitcoin / Bitcoin Discussion / Re: Quit the doubt, it's not too late for Bitcoin investment. on: June 26, 2024, 10:45:19 AM
If someone intends to invest in 1 bitcoin now, then it is quite risky, but when the price reaches $100k, it will make the investor very happy. However, if you are hesitant about investing a large amount at once, then someone can use the DCA method, or buy it little by little but consistently.
Many people are hesitant to buy bitcoin because they are afraid of the volatile prices that occur. yeah, I feel that way. However, if one is confident about the future development of bitcoin prices, I think doing the DCA method is the best.
29  Economy / Trading Discussion / Re: Why do traders lose money in trading? on: June 26, 2024, 05:55:03 AM
I think, lack of knowledge can make traders to experience losses in their trading, because you will not know when to trade to achieve what other traders are achieving from the market, because there are some skill you will use to avoid losses when you have the knowledge of cryptocurrency. I know losing income in the cryptocurrency trading is very common among newbie, because they are in a hurry to make huge amount of income in a wrong direction that will make them to lose their capital at the end. When you make use of the simple strategy, purchase when the price is low and sell when the price is high which is the best strategy many traders are using to avoid losses in their cryptocurrency trading and they are enjoying the simple strategy in their cryptocurrency trading.
lack of knowledge in trading is the same as fighting without armor. However, before trading, everything needs to be prepared, whether it is scientific, mental, analysis, speculation, research, and others. Many people trade just because they follow someone else, and when the price falls, they blame that person. In fact, in trading you really need to have adequate knowledge and analysis. There are many factors that can cause people to lose money in trading. Therefore, before trading, we need to consider everything.
30  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Altcoins to invest right now on: June 26, 2024, 03:04:19 AM
Well, if you want to choose 5 new altcoins for your portfolio, then it's best to have popular altcoins. Actually it would be better if you just add some bitcoin and ethereum that you have, but if you still insist on having other altcoins, then I suggest BNB, SOL, NEAR, TON, and maybe DOGE for meme coins, but if you are not interested, you You can choose coins like Polygon, Link, or other popular coins.
31  Bitcoin / Bitcoin Discussion / Re: Have you successfully influenced someone to invest in bitcoin ? on: June 25, 2024, 01:51:04 PM
No.  All Crypto, including BTC, is highly speculative.  I would never recommend anything this volatile to anyone as an investment.
Buy you are yourself involved with it. What about sharing own experience with others and then letting them choose their action with crypto based on their judgment.
I think he was afraid of the risks, namely that people would blame him when it didn't turn out the way they expected. So far, I have never directly invited someone to invest in crypto, but I have only explained the advantages and disadvantages they can get. I also emphasize that they do independent research so that they understand how this investment works, so that they are ready to bear the respective risks.
32  Economy / Trading Discussion / Re: Why do many people fail in trade? on: June 25, 2024, 04:51:24 AM
The only Traders Who Fail in Trading is people who does not understand thing methodology of trading that is why we always emphasize that we should be making a research before we go into trading because the necessary of making of research is to understand something that you don't know properly but people does not think such before they go into trading is all about something good so therefore I believe that trading is a skill activity of function they have to understand primary protocols before you can be a successful Trader so why some people fail to succeed in Trading is because they don't investigate properly before then go into it.
yeah, maybe most of them rush because they are motivated by other people, and it looks quite easy. In fact, I have seen that people trade just because some people post the profits they made in a short time on social media. In fact, they don't have the knowledge and don't do research on it, and then are determined to trade. Some other people, too push themselves to get bigger profits, even when they have made big profits, they sometimes hold onto the coins they have without taking profits, until the price drops again. Yes, there are many factors why people fail in trading.
33  Economy / Economics / Re: Is it still possible to retire early? on: June 25, 2024, 01:59:10 AM
Most people are afraid to retire early because they think about the future.They are worried about their future.Because without enough savings, early retirement can be life-threatening.
If you still have fear when thinking about the future, of course retiring early is not a good thing, because people who want to retire early already have financial freedom for the future. Therefore, to achieve financial freedom from now on you have to work hard to earn income without investing. Because by investing, someone can retire early because they already have an income, the investment is not only in Bitcoin, but in property and gold.

Everyone has the dream of retiring early, especially as they get older and have less energy, but to make it happen we need to prepare from a young age. Working hard, having commitment and being consistent, early retirement will be easy for us to achieve.
Well, at a young age, it's better to keep working, even as an influencer or freelancer. This will make us more active, even during holidays. Many people decide to become vloggers traveling around while on holiday. I think it's fun, they vacation while creating content and making money. Apart from that, early retirement also has many considerations. In fact, you need someone you can trust to help you take care of the businesses you have built.
34  Alternate cryptocurrencies / Altcoin Discussion / Re: is it still risky to Invest into Altcoin now? on: June 24, 2024, 03:27:13 PM
Alt investment normally is a risky investment so one should be ready to take anything that will come out from it and  whether one invest now or later it's also still risky though some alt are very nice to invest in but Identifying those project becomes the problem and alt are not suppose to be hold for years though alt like ETH can be hold they strong team and good potential.
Yes, I instill the principle that every investment must have risks, even though they have different levels of risk. It's just that, when I have invested, I think that the biggest risk is losing the money, and I have to be prepared for that. So, I think, we also need to instill this when we want to invest in altcoins. In fact, many argue that crypto is an investment that has a big risk, so whenever it is, investing in altcoins always has risks, but it can provide big profits when it is successful.
35  Bitcoin / Bitcoin Discussion / Re: Do your parents invest in bitcoin ? on: June 24, 2024, 11:55:36 AM
My parents don't invest in Bitcoin and I have explained many times about Bitcoin and also the benefits of Bitcoin, but my parents don't understand because what they know is that the investment they like is investing in gold or land, but honestly, this is something that is normal and I understand my parents because he is old and of course it is very difficult to accept lessons about btc.

However, after I experienced the benefits of investing in Bitcoin, my parents supported me if I invested in BTC and of course I felt happy because my parents supported their children investing in BTC because they had seen real evidence. but of course I can't force my parents to invest in BTC because they don't understand online technology, but of course everyone has different experiences, but of course there are also many parents who teach their children about BTC. But personally, my parents didn't teach me about BTC and honestly I got more support from friends on this forum to invest in BTC.
they are not wrong. The way people used to invest was in gold and land, and that method always worked. Maybe they are not interested in something new, especially if it has big risks. However, this does not need to be forced. At least, you have tried to explain this investment. However, many parents are not very familiar with how bitcoin works, and are skeptical about it. Well, that's natural, even among them there are still many who have difficulty using smartphones. But, I think it has been a good effort.
36  Alternate cryptocurrencies / Altcoin Discussion / Re: Ways to earn money (cryptocurrency) in 2024? on: June 24, 2024, 05:05:22 AM
Maybe a year two -one project if you get behind an airdrop project you can earn like your friend. But I think you should pay attention to your investment because if you research and start investing from top coins then you will get good amount of money from here when bull season starts.

I forgot to include investing as a way to make money from crypto. But I agree with you that one of the best ways is to invest. But unlike airdrops which you can get for free or with a little capital, you need a little more capital if you want to invest. But I think investment is the easiest option to get money from crypto because you can choose a good project and you just put your money there.
well, if investing is included, then trading is also included, and that makes these two things the best way currently to earn crypto, even increase our assets. It's just that, I think people will look for free ways to earn crypto, and that might be in airdrops, bounties or selling skills. Even though it is currently quite difficult to get crypto from this method, this method can still be used.
37  Bitcoin / Bitcoin Discussion / Re: Do you know that bitcoin has spread all over the world. on: June 24, 2024, 02:10:26 AM
I think that's not surprising. Since ancient times, Bitcoin has had a large community, and it continues to grow to this day. The current very high price is also clear proof that bitcoin has a large community and is much needed. In fact, in the city I live in, very many ordinary people discussed bitcoin when it was hype. This means that they also find out about bitcoin and are interested. So, I think this will apply to all countries that can access the internet.
38  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: June 23, 2024, 01:00:26 PM
Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?
it all depends on the type of coin being held. If it is a popular coin and belongs to my portfolio, then when the price goes down, then it could be my opportunity to add value to the asset, especially if it is a coin like Bitcoin, Ethereum, BNB, and others. However, if it is a coin that is not that attractive, I will probably sell it when the price is good enough, or continue to decline to stop a deep loss.
39  Economy / Economics / Re: Take care of your money and learn to save. on: June 23, 2024, 12:00:18 PM
Honestly, that's the right thing. If we don't learn to save and continue using it, then we will end up selling the assets we own when we need money. However, savings are a very important aspect of future needs, whether sudden or not. Without it, it is very difficult to solve problems without going into debt or selling something else.
40  Economy / Trading Discussion / Re: TRADERS are not UNEMPLOYED on: June 23, 2024, 12:47:30 AM
I understand the logic, but I have to say it is not unemployed, but it is not like a job neither, it is a different new thing. I have seen some people who do this, they work every morning until they reach their daily goal, and if they do reach then they stop, if they do not reach then they stop at 5pm anyway no matter what. They keep doing this everyday, and they consider this a job, it is not like white collar job that we do ,even professional trader at wall street has a job, this is more like... hobby you make money from.

I can just make clay animals before dinner, and sell them for five dollars each, and call that a job too then, it is not the same. It is a way of making money, but not all ways of making money would be acceptable.
Yes, I thought that too. Trading is just a way to make money, but not something that can be categorized as a job. However, we can see it as a job, when the person has actually made money from it. However, some people actually get losses, and I think, it's not a job if it results in losses. However, I think quite a lot of people are proud when they are used to making money from trading and think that it is their job.
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