While it’s a good advice for novice traders, but for professional and skillful traders, trading even when the market is not suitable to trade usually becomes a challenge for them to test on how far they can go with their trading abilities. So instead of backing off from the market, they chose to stay still and challenge theirselves. Of course, since they’re professionals, winning their trades is not that hard but to be clear to everyone, even professional traders cannot guarantee all time profits from trading.
It is how professional trader adapts to the situation and can still manage and retain their strategies despite the hard situation of the market. They remain calm and easy but for newbies, emotions quickly arise, and then can't think of the right thing to do. Traders must remain plain and focused no matter what happens, and most of all, we don't let our emotions influence our minds. However, we can't hide the fact that losses may happen to us due to the volatile situation of the market but at least, we know how to handle the situation and stay strong. |
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If not always but most of the time we find out that trading is hard after experiencing losses. We really know the feeling of a trader when doing it in actuality, It is pretty different from what these YouTubers say on their channels and blogs. Maybe I can be wrong but those people who say trading is easy are fake, not traders in real life. Because if we believe that it was easy, nobody gonna say I lost and even if you don't have enough knowledge you could still make money but the situation is different. A lot of people quit trading due to market struggles and that simply means it is difficult. So we have to stop believing those people we can make xxx in a day, that was just false hopes.
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We lose more if we lose control of our trade. It is for the newbies to think that trading success never happens just one day, so we don't need to stay on the computer all day and continue trading. But this is not just time management, we also consider proper funds management where we use to spend our money and trade using potential coins, not these shitcoins. Being guided by what we have to do will save us from major losses and failures. We make a habit of being more careful and think twice before taking action especially when we are still learning as it is not necessarily we have to commit mistakes before we learn.
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~snip~
The fact is that we humans find it easier to find something wrong than finding something right. So if an assumed expert gives his analysis and the game fails, people would pay more attention to that (maybe because it hurts) than if they had a win. I think that is why some people don’t like to share their analysis. What I believe makes someone good at analysis is if they win more than they lose, let’s say the least of 6 wins out of 10 games. But still don’t trust anyone because the analysis you listen to and make your decision with could be the one that fails, you just never know until you lose money.
Yeah, you're probably right. At the end of the day most people are just simply trying to make some money, so that's what most people will try to do. And by doing this, we learn why we don't easily trust someone. Because if they were right, I was sure they didn't bother themselves telling people about their predictions instead, they kept it. However, they wanted to share and make people think they would win by following their predictions. Predictions are just assumptions and it will be wrong. Maybe we believe that there are gambling experts but talking about predictions, it is different. We can predict of course but never expect for sure winnings, the same thing about following experts' predictions. |
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It's common for newbies to have this mistake and invest in shitcoins. They may invest in these without doing any research, simply because they see a cheap price. Sometimes, people recommend these shitcoins to them based on their own gains. That's why it's important for new investors to understand that Bitcoin is a better long-term investment than these other cryptocurrencies, and to gather enough knowledge before investing.
I don't think it was common if they did the research before investing. Unfortunately, most newbies invest blindly and just follow social media influencers to the wrong investment and scam projects. Maybe we could say it was an excuse for them but they should be learning now because a lot of people shared their opinions and market experience from these altcoins. If they know Bitcoin, I don't think they have a reason to invest in shitcoins knowing that Bitcoin is a profitable investment. Knowing what we invested is very important, unless we don't care about losing our money. |
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It is not a mistake to believe in oneself but too much confidence has also a negative result. Gambling is not like other things if we have a high level of knowledge and skill, we can assure winnings but this is far different, luck is what we need the most. I'm not sure if I consider this a big mistake because nobody is into gambling without believing that they are right. Even though the results are uncertain, we are still too confident that our bet will win, I've been doing this all the time. Maybe it is wrong but I don't think I have to change this because sometimes I win also from following what is on my mind.
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We know better cryptocurrency market always unpredictable. Yet we invest in the cryptocurrency market. Sometimes the market gradually turns to bear.
My question is how do we know if the market will go bearish.
Please consider the chart to help you determine where it will be going. We can't tell what will really happen next but the price chart helps us analyze the current situation and predict the upcoming. We don't need to be certain about it but at least, having some views and detailed situations in the past days could give us an idea of where we are today. Traders, investors, and holders are using this tool and this won't just help see the bearish situation of the market but also, the possible price rally. It was always available for you to see. |
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Several discussions about Trading and Newbie's advice, yet many newcomers fail to follow, many still fail.
The is why? it varies on several factors
- it was not just because we read, we can perfectly understand it
- it is not just we know the tips/ideas, we can make them right as it matters in the decision-making and application
Honestly, it was too easy for us to say do this and this but feel it hard in an actual scenario. Most of us just noticed it was wrong when it was done already.
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If we can just bring back the past, I was certain that millions of people would invest in Bitcoin but we don't and what we have now is just to imagine if we buy them 12 years ago, we are rich already. But this is life, nobody had thought that Bitcoin would be valued that much because what we thought before was that it only disappeared. Sometimes we feel regrets but have to accept that most of us don't see the value of a particular thing early, it usually happens later. However, we still be happy as there's a chance left that is why we don't have to ignore this time and take the opportunity before it is gone forever.
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No successful trader started earning money from just being lazy. Many people make this mistake of assuming that holding your coins is same as trading. Trading and holding are two different things. Trading requires lots of learning and studying of past events, charts and the market. You won't be able to study all this well if you don't learn well.
Success is not magic that will happen in an instant but it is a long process. Yes, trading never be good for impatient and lazy people, and not suitable for those who are too emotional and greedy individuals. Therefore, newbies must prioritize controlling themselves and learn more before thinking about earning. Because this is not difficult anymore if we already have the capabilities to do it. Stop believing the words EASY money that we usually hear from influencers, they are just hiding the truth because the reality is that trading is too risky and stressful. |
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It should be if we want to have a better life in the future. Investing is just like planting trees and after years of cultivation and growing, we gain long-term benefits. But saving is different as it never grows our money instead, the value becomes small due to the continuous market inflations. That is why it was hereby encouraged to plan for investment, taking this opportunity is the best solution to the growing inflations. Otherwise, we make our life too difficult in the few years from now. We have to remember that not all the time we are healthy, investing will save us when we can no longer work.
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That is a risky investment as per see. I'm not sure if there is someone who considers that as an opportunity because, for me, it is a suicidal investment. And the chances to get back our money are very slim which I never feel comfortable of doing. If I have to commit a loan for an investment, it should be on the reliable investment, not on this. Better think about it OP before making another step. Remember that not all investments are worthy, just like this bankroll investment. Better to be avoided rather than regret. |
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For example you can't go on a private telegram group and tell people they're running a scam because they will ban you.
I have been kicked out many times from telegram groups and the reason is because I just keep asking a consistent question which non of their admin was ignoring. Such attitude is even what can make people to believe that the project is a scam. Every good project will always want to be transparent. Because they don't want someone to verify and have their real intention come out. The lack of transparency will bring confusion to everyone but when we ask, nobody will answer even though admins see it because those people who are actively talking in the group are just teammates. Yes, not too dumb not to feel it and realize that they would like us to put it into their pocket and think we're too innocent not to see their main objective. Now, the telegram group is really full of scams. Can't be sure who we are talking to and who we can be trusted as they even use known names and big personalities as their identity. |
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I don't blame newbies relying on others because they are in the learning stage and I know most of us did this during our novice time. There is no problem with that because this is not a long-term bond between the learner and the teacher, it is soon to get separated when a newbie is ready enough to stand and make their own decision.
Doing alone will take so long which is why having someone accompany us helps to shorten the process which I believe that is great. Just imagine that if someone who is better than you will teach you, you can be good also. Of course, we also have to choose the person who can be trusted and the one who also cares with us, not these signal groups and scammers.
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this dear brother of mine lost some money to online Ponzi and since then he vowed to never have anything to do with online again.
I will try to introduce Bitcoin to him again, maybe he won't turn me down this time around? Since the job he is working is too hard on him and to invest on anything is getting harder.
Build your confidence first. Once you feel confident in your ability to explain Bitcoin, you can try introducing it to your brother again. Confidently providing detailed information can make it easier for people to understand and make them interested, even if they may have had negative experiences with it in the past, such as your brother. I don't even think that it is as difficult as this, or should I say as important as this, you do not need one important skill for it, you should tell anyone what you need to tell them about Bitcoin as you want to naturally tell the person without any fear or some kind of feeling that is not of usual. We all know that Bitcoin speaks for itself, so if anyone wants to doubt you, the person can go elsewhere to confirm. Like me, if anyone introduced something to me today, I will give it about a week to investigate and search about it to establish the truth, and this has not failed me. So if the person they introduced Bitcoin to is also wise, I belieev such will investigate that to establish the truth about it. And I know that such will always thank the person who introduced him to Bitcoin later as the coin will most likely not fail the person. Also, if the person doesn't yield, fine, that's his own cup of tea, but one thing I know is that he will surely regret it when he sees me later in the near future smiling at my bank account and online wallets. Who cares! So it is better to be natural. If it is not always but most of the time people reject some opportunities shared by someone who is not looking good. Most people just believe when they see the results rather than believing on the things they never saw. Maybe, it was a common instinct by most but yes, we have to accept that only a few people would listen to us about crypto because in their mind it was scam and a big lie. That is what they heard from social media (scam) and news. But I don't have any regret nor I feel hurt from their rejections, yes, they will soon see the result form our hard work and trust with Bitcoin. They will soon to get in touch and ask how? |
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health Challenges: A gambling addict is always under pressure and tension and as such is prone to health challenges like high blood pressure, depression, and on the part of his people, they might be suffering from the psychological implications of his lifestyle which includes social stigma.
Gambling really has a serious psychological effect. The impressive rewards make people think that gambling would change their lives if they win. As we can see, a lot of poor and middle-class people are into gambling and looking for luck. The penetration to our mind is very strong which even sends us into addiction. If we can't manage to control our gambling habits, the more possibility that it destroys our minds. And it was not just giving health problems but also financial. Many people get into huge debts and even commit crimes because of addiction problems which I don't think we need to be in that situation before we realize that this is too much. |
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Is it ok for you to purchase items with Bitcoin? If yes or no, please state your reasons so we can all learn from it.
Yes, we have been doing that here in some parts of our country using a local Lightning Network supported wallet. It is quiet convenient to pay using Bitcoin for your haircut, icecream, hotel bookings, drinks, meal and even rides though numbers of merchants declined compared to previous years but still it's in the early phase so we are hopeful in the near future for more openings of local businesses to accept Bitcoin payment. Indeed, adoption doesn't go fast and easily due to some misunderstanding and lack of knowledge. If we compare the situation these days vs 5 years ago, we are already far. From time to time, accepting Bitcoin is going better and become mainstream in the future. Adoption can't be instant so year by year, we can expect a growing number of businesses accepting Bitcoin which also encourages BTC holders. But having the sentiment of huge fees and volatility is also a factor why some business owners are still leaving on the doubtful condition to whether accept or decline. |
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The Real Estate business is quite a big business that an ordinary person can't do but Bitcoin does and it gives opportunities for those who want to invest even poor people.
Bitcoin become popular now because of its profitability compared to other forms of investment. A growing number of investors was just an indication that Bitcoin is a great opportunity that everyone can do. We see how the value of Bitcoin keeps on growing which means that everyone who comes and invests will surely earn money as long as they do the right way.
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I've tried both of them and it was hard to determine which one because it also depends on the coins/tokens trade value. Sometimes tokens are profitable and sometimes also coins, depending on the situation and market status. So many factors to consider and one is hype, you'll be rich when got the right coin/token but during the crisis, never expect any of them to showcase great results.
Either of the two, high volatility seems to be important and acts as the multiplier. The higher the bigger chance.
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Had to say that more and more people become impatient, they easily get bored and give up on things that they can't handle. Most of the new generation wanted to control everything around on their hands but this is impossible in real life and much more in crypto investment. It was hard to accept but this is the truth that only those who understand the nature of crypto investment will win while impatient people fail.
We have to stop thinking of easy money, it is not a healthy mindset. We'd rather think that investment doesn't generate profit right away but it takes several weeks, months, or even years.
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