With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.
We never know either but we live with hope and trust that the market will always recover after the dip, we just need to stay strong and patient enough as it was not right to happen instantly. That is also why we should choose the right coins, those coins that have been known for their profit potential, not just because it was introduced in social media. Keeping these things has no chance of losing but rather earning money. Currently, the price of Bitcoin is at $67,766, which is not high enough to say for ATH but we can expect it until next year. Was not long to wait if we were patient. |
|
|
|
Buys and sells of bitcoin plays a great role in ascertaining how bullish or how bearish Bitcoin is and when the big whales buys Bitcoin, it lends an assured sense of legitimacy to Bitcoin, provides liquidity to the market and goes a long way to improve the overall market sentiment which will go on to influence bitcoins price positively.
The more active traders we see, the more possible there is an increasing demand. That is why we hope people don't just invest and hold but also try to keep the market moving through buy and sell. Of course, not like how active trader been doing at least, we take some time to sell if there is an opportunity and invest again. The question is, what happens when they stop buying? It's possible these big whales might at some point reach there limits or for some reasons they might stop buying and just decide to keep holding or maybe sell there bitcoin at the point. what's going to be the fate of Bitcoin in that instance?
Actually, whales have a huge impact in the crypto market but not just the only hope to see the market stay. Of course, small investors' participation has also contributed to the market movement. So, let us assume that if whales stop buying, obviously there is a huge market decline but that doesn't mean it will die. Small investors take the wheel and drive it up. |
|
|
|
To answer when is the right time to stop gambling, the answers will be quite varied, where people will answer when they experience a loss and others say when they get a big win.
But if it's me then when to stop gambling when there is no chance of achieving luck so that we can avoid the next loss.
Recovering previous losses in gambling is much more difficult because we can never predict how the next bet will end up. So when we don't have luck when betting, it's best to leave gambling and continue the next day.
Yes, it is an individual preference when to stop because not all the time we are lucky nor all gamblers destined to become lucky in gambling. In some cases even doing 1 month never wins a single time which I don't think we need to continue but rather stop. We may say that "we gamble just for fun" but in the case of a 1-month losing streak, that is not acceptable anymore and is an indication to just take a break and breathe sometimes. Even losing straight for 5 consecutive bets is something it tells us, it is worse if we wait longer (a month) for that before we decide IMO. |
|
|
|
As said, middle-class people easily adapt to every living condition. The ongoing economic situation around the world has made people keep their needs limited and move towards saving more. We don't know what could happen tomorrow. Already, more countries are struggling because they aren't able to support their people by providing proper food. As mentioned, the gap between the rich and the poor keeps widening, which itself is an indication that the system isn't functioning in the right way.
Those who belong to the middle class will of course be able to easily adapt to every situation they experience, because when the income they earn is difficult to meet their needs, they must be able to restrain themselves by not forcing themselves and must be able to endure what is available. Saving is of course very important, whatever income they have, they must be able to save a little after meeting their needs so that they can save and it will be very difficult to survive in these uncertain economic conditions, so having savings will of course be able to help a little in dealing with conditions. The economy as it is today and the gap between rich and poor will certainly continue to be a problem in society and will be difficult to control if the economy does not improve. Money easily gone from our hands if mismanaged, a thing that we need to push ourselves in knowing how to keep it right in order to stay long from our hands. We don't just know how to look for money but also how to spend it wisely. And aside from that is very important how to grow it, especially in the situation we face now where inflation is continuously increasing. Spending wisely is our ticket to having a better future and we don't have to set this aside because we know that finding money is not easy. In fact, those people who are in business are still keeping their spending habits knowing that they already have enough. How much more when we are just poor and working hard to survive? |
|
|
|
snip
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
i support what you are doing, continue to encourage your friend to invest in Bitcoin, don't give up, you have saved his life and also the company that his parents inherited for him. Bitcoin has become a protector of asset value by many institutions and if your friend's company joins in, the value of the company's assets will likely increase from year to year. but you have to accompany them because usually those who have never been involved in the world of bitcoin, will feel afraid when the market is bearish, beginners have a tendency to sell at a loss so always accompany your friend in their investment in bitcoin. Introducing Bitcoin is good but not to the point that we have to urge people to do that. We let them decide rather than take the blame for ever they lose. It is wrong to take responsibility for others, we are making them reliant and weak. Instead of pushing OP to his friend to invest in crypto, it is better to take time to think first because it is difficult for someone to engage in risky investments with an empty mind, it only worsens the situation and even compromises their friendships. |
|
|
|
|
Real investors don't think about luck, they work hard to reach their goal and spend money thinking that they surely get something in return. But gamblers, rely on luck and whatever they do, it won't change their position. Unlike investors, if they will work hard, and find good strategies and patience, they will take the rewards they deserve.
Don't think it is a challenge for them because if we choose this kind of life (a gambler or investor) it is not difficult for us to do things as needed. We can never find an excuse if we want something to get unless we are a lazy person who just wants an easy life. No Risk, NO gain.
|
|
|
|
I'm feeling the pressure not to miss out on this bull run. I'm confident in my portfolio of solid coins, but I don't think they're quite cutting it. I want my investments to bring in serious wealth. I've heard about meme coins making people rich overnight, but I'm a bit wary of jumping into that arena. By the way, do you think older coins will see the biggest price surges compared to newer ones? What are your thoughts on this?
You actually heard too much that makes you think that meme coins are worth investing. But too unfortunate that you never heard how many people suffer losses from these coins. I would say OP to further your research and think several times if this project is worthy or not just to make sure that you are putting money into the right projects. Of course, we've heard about memes but I'm doubted by saying many people become rich overnight, you just make it hyped and please, don't fall into that assumption. Tried to keep safe and make sure your investment journey went well. |
|
|
|
I don't think there will be any special methods, tactics and strategies that a trader will be using to trade in this period because what you have doing in the trading field will be the same and nothing will change. Op you have to k ow that this year bitcoin has hit all time high. Though it has not reached the All (everyone) predicted price which is the $100k for this season. And all what the traders need to do is to know the chart movement so that in the trading time when the market is about to show red, you have to know fast to close the trade and know when the market is about to go up and start the trade. Understanding these two chart tools is the major thing to know in trading.
Understanding the market situation is perhaps necessary. Trading during uncertain times is just like gambling, hoping for some luck to make a profit. There is no easy way of doing it but as a trader, we know what we gonna do that particular time and the strategy I see is to slow down and be patient because the market is not moving fast, unlike during bull season. That is why a trader doesn't just know how to trade but also how to hold. Patience is very important in trading and that also leads us to success whatever the situation we have. |
|
|
|
I feel so bother and that is why I decided to ask this question.
We keep talking about gambling addiction and how bad it is to become addicted, does it mean that addicted gamblers lose money all the time? Do you means those guys doesn't win anything at all? Can they not be lucky to win jackpots?
I won't say they don't have the chance or luck to win the jackpot but because they are addicted already, that is disastrous for their life. Instead of winning some, they spend it all thinking that there is more. Because what really happens is that addicted people can no longer think of the right thing to do with their money, they spend it all. On this board, we are always referring addiction as a terrible thing but does it mean that those addicted gamblers doesn't win money, are they only bounded to losses upon losses?
They win of course but unfortunately, they lose more. |
|
|
|
|
Free money is no more because this is business, companies spend money with expected returns on investment. Therefore, these people must stop pretending that this is just FREE when participants do something in order to get the prize just to clear out why they have to do these things. But it is their choice anyway, jobless people will take this rather than waste their time waiting for nothing.
I think they should not call this airdrop/free money if it is not totally free in general.
|
|
|
|
|
It is not harmful in general, we'd rather call it a great technology creation making the whole world grow and improve. Human strength can't stand all day working but these robots can do. Well, if we talk about employment which is the affected areas, I would agree with that but it doesn't mean the existence of robots/AI is a threat.
I know companies are not setting aside such situations still, human beings dominate. Besides, robots had also some limitations, and still companies need people to perform some tasks.
|
|
|
|
|
Many shops have opened their door to accepting Bitcoin as an alternative way of paying because they noticed that many people are already buying this. The growing number of Bitcoin investors/users is a ground that establishments will also need to adapt and widen their acceptance. Perhaps, it is already more than a decade that Bitcoin has existed, and it was enough to think that this is legit and are able to understand what is this all about.
Adoption will never grow fast if only the number of investors is increasing but also, it is need for these business groups to cooperate as well.
|
|
|
|
|
People are forced to just rent rather than own a house because of these things...
- nature of work, no permanent workplace
- location from the city
- financial capabilities
Honestly, it is quite expensive now to own a house which could be not a good option unless we already have a stable financial income that is enough to support. In fact, governments and banks offered housing loans but as I can see, only a few take the offer while the majority choose to rent.
But I don't think a big deal and accept the fact that not all are born rich and can easily get what they want to happen in their life.
|
|
|
|
|
Not totally, but it is bad for those who are not able to manage their gambling behavior.
But of course, the government should also impose strict restrictions to avoid those issues OP. Because if we think it is bad in general, the government doesn't allow them to operate but they are which means it is still acceptable. What went wrong was the gambling approach and the lack of rule implementation. Gambling owners don't mind the welfare of the people but instead, they took advantage of the situation.
Well, this is business plus corrupt government officials were too blind not to see what really happened.
|
|
|
|
I half agree with this because I don't really know if it will be good for the kids or not.
The same problem with teaching sex education. I don't know if that is a good thing too or not. Simply because I think kids will learn that normally and not by anyone trying to educate them. Gambling on the other hand is a bit different. If we are already making them aware of it, then it can be a problem soon.
I mean, I would not teach my children about it, as much as possible, I want them to be innocent about it when they grow up so that they won't even try it.
Giving them the idea could be the worst thing we will do or it could be good. I think it's still if they will remain clueless about it. But once they bump into it, I'd be ready to give some advise.
I disagree with you at some point, growing up as a kid there are time I'll want to go astray and join other kids to misbehave but when I remember the kind of family am from, I'll take corrections immediately what I'm trying to say is that there are some core values you'll inculcate in your children and they'll always take corrections and won't be carried away by peer pressure. I still insist that parents have the major role to play in bringing up their kids, kids are like plants if you train them well they'll grow to flourish but when it goes the other way they'll get spoilt, so teaching your kids and letting them know the consequences of doing wrong is very important, if you don't do that other kids would help you spoil them and mislead them to wrong acts. The future of the kids and their behavior depends on the upbringing of the parents. That is why parents should have to play as a role model for their kids and must correct the wrongdoings of their child before it get worse. While schools are dedicated to educating students, it is the part of their parents as well to have some follow-up because not all things that are taught in school are enough to educate young minds, which also needs the guidance of the parents. With this growing involvement of teens in gambling, parents have a big responsibility to stop it, not only the school. |
|
|
|
-snip
I think Bitcoin is not stable and due to its unstable nature we are able to make profit from it but if its value was stable then we will not be able to make money through Bitcoin investment.
I've been thinking about this, I wonder if bitcoin becomes stable will people continue to support it or will most people abandon it in search of another alternative asset? Many people always claim they love bitcoin because it is decentralized, gives them privacy... but I believe the biggest purpose is still profit, not because of any other factor. So, if bitcoin is no longer volatile and no longer profitable, I think there will be a majority leaving bitcoin. Bitcoin gains hype and market appreciation because of its volatility and earning potential but in time is changing its course to a stable price, hell you are right, a lot will leave Bitcoin holders, even traders. That is why I no longer hope for price stability but rather stay what it has because this is the reason why people keep on coming and continue giving support. From the beginning, if bitcoin had become a peer-to-peer currency, I believe it would not be as popular as it is today because not everyone cares about privacy and decentralization. In this world, money is still the top priority.
I notice nowadays that people don't care about their privacy. Indeed, losing privacy is still okay when it talks about money. Not all but I believe the majority. |
|
|
|
|
I trade because I expect to profit more than what I get from my job. Of course, business is not just like we simply think it is easy to manage. If you don't have money and managing skills, that is hopeless. But aside from that it is my curiosity. Although I can't say I was a successful trader however I could say that I'm doing it well, enough to cover some of my expenses. But I know this won't be forever, of course, I am looking into something that gives me passive income.
|
|
|
|
Crypto analysis: BTC staying above $67,000 but still in threat to fall back 16% from current price
It is just a sort of market assumption, we can just say figure (16%) if we already know it will happen but we don't. I know there are some REAL experts living but they are silent when it regards market movement because they know that they will just fail. Dump always happens, a swing market movement is really what we experience but it is accepted due to the market nature. Whether ATH happens or not, I was already satisfied enough from the current price, it is indeed a good selling price already for the holders. |
|
|
|
|
It is still a debate whether it is a good option or not but for me, until it is not yet accepted in my local, I won't take it. I see this is also a concern by most where the legality and acceptance of Bitcoin are in question. Maybe we consider this option in the next few years but at this time, that is somewhat not the best deal to do. Unless our purpose is to just invest for the long term.
In fact, I don't hear it has been discussed by my employee and I think it was not in his mind as well considering the that adaption is not that wide enough.
|
|
|
|
|
I can't say it is a good idea but optional IMO, it depends on the situation and needs. The situation keeps on changing and we can't say what happened in the past years will be the same as this year. So, we still need to keep updated and make some plans because why not sell our Bitcoin if there is an opportunity?
But in my mind, I keep holding on until early in the 4th quarter because it is noticed that its price rises when BER season comes.
However, I also think about the new ATH which I think this idea (Sell in May) is not good, not even this year until it reaches.
|
|
|
|
|
Show Posts
