This mistake is common and never dies; people tend to get more greedy of wondering they can get more of what they have so their emotions conquer to hold more their position after that makes another mistake tends to lose their position and gets liquidated, if you are a newbie trader this most happens but if you are experienced trader cutting loss is the most suitable than burning more your money, also have a plan until when you will hold and until what price there's a reason why TP/SL feature added in futures trading. Use this as your safety measurement.
Yup, that functions will help you to stay with your target it's best to learn more deeper understanding so you'll not just place your position and hope for luck to go behind you, unlike with deep understanding you can set up your limit and once the target hit out then you can call for the day, that's not limited with profits but also with losses, if you have that good setup then you can prevent being greedy and your chance of success is better. It's your knowledge and trust with your own capabilities to research and study, the rest will be base from experienced that you'll again along the way. It is indeed common, in fact every trader has experienced it, the only difference is how they can control their emotions, so they can comply with the rules they have made themselves. It is difficult for us without practice to control our emotions. By practicing more, we will have experience and that way we will be able to form our own emotional stability, but remember we also have to be disciplined towards ourselves. |
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So for me in this situation you can buy your Bitcoin at day time and trade it at night when it adds
But it is very important to watch at it carefully.
I don't really agree if it really guarantees that you can make money when you buy at day time and sell it at night. The market is not supposed to go up when it's evening, you can barely see the chart and there's no evidence supporting on that because the price not always went up when it's evening. But I believe that it's good to trade in night time because there's huge volume. Bitcoin is highly volatile, and that any time of day or night, its price will never be certain. So I don’t believe in this kind of analysis, as I only trade when I know that there are possible profits coming at the end of my trades. Regardless if it’s a day or night, as long as I’m in a mood to trade while seeing the market is favorable to trade, then I won’t hesitate to trade and risk some funds I reserved in trading. It is indeed difficult to trade based on time, while price fluctuations occur erratically, therefore analysis is needed to find out support and resistance, usually that's when the price will react, either breaking through or reversing direction, so that we can read what will happen next, and after that we can determine our attitude. This is different from forex trading, where there will be certain hours for news that will occur, and whether the news will have a high impact or not. |
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No matter how addicted we are with money, we should also learn to make good use of the opportunity of having it because its by chance that we got everything we have and we should not expect everything to last long like that, money answers to many things and we cant afford to be a liability with the use of money which we get, instead we have to work more harder to maintain having it consistently.
Stability makes a lot of sense economically. People who may or may not be addicted to money may make or lose money in their lives. The important thing is to know how to make money and to protect the money you earn. The important thing is to be economically stable. We must learn to make money so that we can be ready for any situation. Information is needed to evaluate money-making opportunities. If people are knowledgeable in a field or really good at something, they will not miss the opportunity to have money when the time comes. The most comfortable lifestyle is living according to our abilities, because ultimately money is the parameter. We can observe that many people live as if they are enslaved to money, so that they forget to eat, rest and take care of their health, until they end up sick and can no longer earn money, therefore we must have a balanced mindset so that our physical and spiritual health remains healthy. , because we will also lose ourselves later |
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Year after year before the cross over service there will be promises of a new beginnings, new hopes, vision, wishes and resolution
Government will come up with the budget of the incoming year and and when you look at the budget it is really interesting with hope's of having a better year ahead as in the budget it capture virtually everything including the economy and other aspects of the nation
But every year that passes on the economic situation is getting worse by the day, infact inflation increase with each year that passes making the living standard of the poor unbearable
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
i think new mind set can do nothing with the high inflation, even if we have a new mind set it can only change our financial status but not the inflation rate, new minds set comes with new strategy to earn more profit to pay daily expenses so it also help but not so big help, the solution of the high inflation is not totally depend on us,it is in the hands of the government they can reduce spending and increase the taxes as a way to help reduce inflation. This has also happened in my country where the government increases taxes, and tax people seem to be looking for loopholes to be able to collect taxes, and this actually has a bad impact on small business actors, where they have to compete and pay tax obligations, in the end they are unable to , and life gets harder. This will result in an increasingly high crime rate, because they are pressured by the necessities of life, especially at this time coupled with a lifestyle. |
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greedy rich powerful people that simply do not give a fuck about common folks.
It is very sad that something like this happens in a country where the majority are farmers, however at least people have to think about their daily food because they all have the right to live and plan their future, especially their income from agriculture, lest they be oppressed by people who irresponsible, if something like that happens then their actions are truly heinous, they should not think about themselves, there are still many people in trouble who they have to find a way out of. Even though Nigeria is called the giant of Africa because of its larger economy and population, as well as its economic growth, even though the poverty rate in Nigeria is higher than in South Africa. But the country has always struggled, even though there is little that conflict-affected citizens in Nigeria can do. Apart from its greedy government, this country is also always hit by a hunger crisis due to the never-ending conflict so that many people are displaced. The problem of hunger is a problem that is currently difficult to overcome because the problems that occur there are very complex. In fact, I once read an article that people in northeastern Nigeria always face a very serious food crisis and hunger, this all happens because of the increasing conflict and farmer migration that is occurring. Maybe one way to end this hunger crisis is to return people to their hometowns, so they can open new agricultural land and achieve food security. The government must also be self-aware and think about its people, not itself and its groups. The decreasing amount of agricultural land and people preferring to work in office jobs means that villages are becoming increasingly abandoned, because they think that working in the city can change their fate, where farmers are thought to not be able to make much money. Therefore, how can the government improve the welfare of farmers, so that many people will be interested in farming. With so many successful farmers, it will be attractive for the younger generation to cultivate the land with current innovations |
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The bitcointalk forum is comprised of diverse people from all over the world. Our countries' must have gone through inflation as a nation at least once or more since its history. As a refresher, inflation happens when the prices of goods and services rise and people can no longer afford those items because the country's money almost becomes useless. But is inflation needed? Why can't we just keep the currency at the same value? And why does it only happen to money? For example, the same wouldn't happen if we used gold as a currency instead. Is inflation a ploy that the government uses so people don't get rich off of savings?
Virtually all countries of the world are facing inflation and we should just see it like it is only happening in just our country. Even the most richest and industrial countries are also facing inflation which is something that the government have the power to control. We might need seeing more inflation because things are getting tough everyday. People are losing their jobs due to the invention of artificial intelligence which is still going to dominate and take most people's job and their would not be need to hire people against. Things are really getting out of hand and it's important we take precautions to prevent us from getting frustrated. It is true that we are currently feeling the impact of inflation that has hit all countries, but it all depends on how a country responds to it. It should be noted that inflation is a natural phenomenon in the economy that occurs when the prices of goods and services generally increase over time. So in my opinion the state must overcome this in various ways, one of which is by providing targeted and effective subsidies, increasing production and increasing wages for services, increasing salaries for private and government employees, this has a big impact on increasing purchasing power. we can complain but somehow life must go on, so we as private employees have to change our mindset, where we have to work harder, and look for additional income to cover current living needs, we can feel the cultural shift happening around us, where for example in the past Many people work together to help one of the residents, but nowadays it rarely happens and the few times we ask for help from other people, it will be calculated with money as a reward. |
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Indeed, Bitcoin is being widely touted by Bitcoiners as a substitute for fiat money in the future, but when that will happen, no one knows, but what is certain is that currently Bitcoin opens up a big opportunity for us to make a profit from trading or investments, and many people have already gained freedom. finances from bitcoin, with the number of bitcoiners still minimal in the world, it is possible that the price of bitcoin will continue to rise, but indeed the movement is fluctuating
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Are your parents investing in bitcoin ? Has it impacted your journey with crypto ?
Initially my parents didn't know anything about my bitcoin investment but now again parents know everything about my bitcoin investment. They have helped me financially from time to time to invest and I have invested a lot of money from them till now. But one thing is very important that if you share all these things with your parents, the risk involved in investing is reduced to a great extent. Indeed, parents' prayers are very effective in supporting our success. It is very nice if parents can follow technological developments, so that we can share about what we are doing, so that we can get approval from our parents. It's different with my parents, who are already old, let alone Bitcoin, I can't even use Android, but I just emphasize that they bless every path I take to get to my destination safely. |
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~~~
There is something wrong with keeping your funds on an exchange. If maybe you want to trade it the next day, it may be an excuse, but anything can always happen at anytime. And if you put your funds in a wallet and lose the private key then that's totally on you. And there's a difference between that and an exchange being the issue. I am conscious of not keeping my money on exchanges. People who may do that are daily traders who scalp. It is not recommended to store assets on the Exchange if the investment goal is for the long term, especially if the asset value is large, however, if the goal is to make transactions easier and save on fees, you can save small amounts as needed. Exchange wallets are not very suitable for storing assets because there is always an unexpected risk, as long as the asset cannot be controlled by a private key, it means it is not your asset. Assets stored in wallets that can be controlled by private keys are safer than Exchange wallets. Every investor must be able to store private keys safely so that their assets remain safe, if the private key is lost, it will be the responsibility of each individual. Indeed, there are many cases where exchanges are scams for some reason, and in the end our money is also lost. therefore the exchange is only for selling or buying assets, and the rest is stored in a personal wallet, and our security is completely responsible. That way I think it reduces the risk, because we won't know what will happen in the future, if we lose because of carelessness then it would be a shame. It's very good to save in the form of Bitcoin rather than in the bank, no matter how much for the future |
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I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?
It is only a new investor that will be carried away by some kind of success story of a bitcoiner, although no matter your level of experience in the digital asset market Bitcoin precisely, there are some some success stories that can move you if care is not taken, as for me I already know that Bitcoin investment is not a bird of roses so I don't get too excited when listening to success story some bitcoiners, no matter the story I hear, I already know that Bitcoin has not changed from being a volatile asset, there are things they I know thats inevitable in Bitcoin, the twisting of stories to make Bitcoin look like once you invest you become rich immediately don't move me anymore as far as I know, the only aspecr am always interested in Bitcoin is the continuous accumulating and hodling for a longterm to achieve a desirable goal. If we see other people's success, our hearts will be eager to imitate them. Unfortunately, sometimes we don't want to know how they succeeded as Bitcoin investors, so without thinking, we immediately invest without any knowledge in the hope of making big profits. things like this should be avoided, don't let us regret it later so that our money runs out, what would happen if the money we used was money from a loan... |
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The crypto market moves very fast so we must always be able to adapt to any situation and the most important thing is the knowledge to trade and continue to learn at the same time.
Regarding failure in trading, it is quite normal, everyone has probably experienced it, but the most important thing is how we can learn from what happened and turn things around.
I totally agree that there should be no giving up for those who have lost in trading, they should keep learning and try again.
All traders will fail when they start trading because trading on live market is not the same thing as trading with demo accounts that many traders use when practicing how to trade and think because they have become good at demo trading that they will make good trade when they start trading on live market but you can lose money quickly than you make profits with love account therefore before trading Bitcoin you need to know that making profits is not alwa easy but if you stay focused you can make profits when you know how to interpret how the market is heading. Trading needs you to be quick to take actions and not waiting for a long time or you will miss entering the market at the appropriate time or exiting the market before it starts dumping and you get dumped on. The striking difference is indeed at the psychological level. Demo trading and live trading are clearly different, those who are good at demo trading may not necessarily be good at live trading. Therefore, it is better to learn live trading, even with a small amount of capital, at least it can train us mentally to face reality, so that later it will develop by itself along with the experience we gain. |
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This topic is not a new one,we all know trading is not for everybody,and not everybody can even think about it because of the risks involved in it.Those who are trading on daily basis needs to be commended because losing money Everytime is not easy.It is not everybody's thing.We all know the mind game involved in trading,it has to deal with emotional attachment and the rest, therefore if your mind isn't strong yet on losing money,you don't have to even try it,else your money will go to where you don't know,and it will really hurt you so much that your money was sent on something that didn't benefit you.
It really takes a mental level to accept all risks, especially with trading, our biggest risk is that our money runs out, but with good knowledge and experience we can reduce the risk number, so that the worst risk does not occur. At first glance it looks easy, but if we experience it then there are many complex problems that must be overcome to become a pro trader. On the other hand, of course, to achieve it requires a long process, and whether it's good or bad, we have to be able to enjoy it |
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Hi all. When the hype was at its peak about a year ago, clearly this attracted a lot of people. I waited and watched. Would love to hear views on if this is a good time to start looking at BTC and alts.
Also, have seen a few accounts that offer services (VIP signals etc). Presumably some of these are better than others.... if so, what have been your experiences? Thanks.
BTC and alts are a good investment specially when the market is better or when the market start to climb, price is very important to consider on buying, because the profit depends on the price, if we buy on high we can only earn small amount of profit in a short term holding we need to hold for a long time and wait for the another ATH before we can sell, but if we buy at low price then we can earn profit in short time depending on our limitations, so buying in dip is a great strategy to earn. Well, to find out the dip area requires knowledge and experience, and of course good analysis is very helpful to find it, because sometimes we already think it is a dip area, it turns out the price is still going down again, therefore a strategy is needed and a framework is created to be able to determine the steps that will be taken. we take it, remembering that it looks easy but is difficult to implement |
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Everyone can trade as long as they are capable and can accept all the consequences, because long-term trading requires preparing a strong mentality, not just looking for profit, we also have to have a lot of patience so that our mentality is safe.
Long-term and short-term trading is welcome, as long as we have the ability to control ourselves, because it's not an easy process, everyone has their own process, because if we understand it then we can easily control our minds so we don't rashly take risks.
The main point in trading is not to just be emotional, if that feeling comes, it is not impossible that our trading decisions can change at any time. Everyone probably already knows and understands the pattern. One more thing, our trading habit is always using the same capital, it would be even better if other fresh funds were added. Talking about long-term results is more promising than what we do with short-term results. indeed in the long term it will be safer, but for those who are pros, I think the short term is not bad either, in fact they can collect little by little, and usually they will also divide their accounts between the two types, so they can make money daily and in long-term. But doing short-term trading is not easy, considering that you need a lot of experience to understand market movements |
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War brings chaos and destruction and death. Like the OP noted, war alters the economic and social growth of both parties involved. Even when the war clearly brings forth a victor, the victor also suffers economic consequences from the war. I wouldn’t exactly say the effects is felt more on the world than in the countries actually fighting the war.
Obviously, the impact is felt in the surrounding regions and all over. Goods and services normally produced in that region and exported to various parts of the earth would be affected, drastically reduced or even stopped. Warring parties would have to conserve resources for their own citizens as the normal rate of the production of goods and services would have been reduced.
What is certain is that war is a bad action, both through physical and non-physical actions, because it will result in physical violence and blockades in both countries which will have an impact on the economy. So if a war breaks out between the two countries, of course it will not only impact the two warring countries, but also various countries in the world. War can even cause food prices in a country to increase. The impact may initially only be a small change, but if the war is prolonged it can change the world economy drastically in the long term. Because of course war is not just a small initial change, but a significant initial change. The deployment of large amounts of military force can also result in large expenditures, as happened in the Russia vs Ukraine and Israel vs Palestine wars. However, what is clear is that war not only takes lives and physical casualties, but also has a huge impact on both countries and also neighboring countries. Apart from that, other economic burdens including the construction of refugee camps, trauma caused by war, the collapse of the economic system in both countries, and the impact of weapons radiation are quite worrying in the long term. In my opinion, war does not necessarily destroy economic progress. War can have a far-reaching impact on the economy. However, the problem varies depending on various factors such as the length of the war, the type of conflict faced, and the actions taken by the parties involved in the war. War could also result in an increase in global oil prices, reducing consumer appeal and prompting an economic recession. Apart from that, the huge costs of war also have a negative impact on the economies of the countries involved in the war. However, there are also situations in which war can provide a profitable boost through increased production of ammunition and weapons, labor mobilization, and post-war recovery as well as impacting demand price increases that can benefit people who have investments in valuable goods or means. held for trading and purchasing. therefore, the impact of war on economic progress can be very complex and context-dependent. Every war certainly has a goal, for example capturing a region, and that region usually has economic potential, or at least provides future benefits for the war capital spent, so I think this has been taken into account from the start. so that if the goal is achieved then the economic potential for the perpetrators can increase, even though it sacrifices many civilians, and civilians who are victims suffer the most because of the government's ambitions |
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I strongly agree with you,in life you must have to learn first and continue learning in order ascertain what exactly you want to achieve before swinging into action.
Yeah, learning is continuous; even while you are already doing what you think can grant you your goal, you must still continue learning to keep yourself in line with relevant updates and knowledge that can make you better and help you stand in line with competitors. If perhaps you are in a particular field of study, business, or any profession, you will have others who are doing the same thing as you, and you have to keep learning in order to do better, or not all of them will keep you behind. So, learning is continuous. Having a very high curiosity is the most basic thing when trading because it can be used by us to learn new things. Many technologies are always being created in every generation, so we have to keep studying this technology, including several blockchain networks that are currently being created. and have different characters. Indeed, knowledge is the key to success, but it cannot only be done with theory, of course experience and direct involvement in the field are mandatory so that we can make it a real practice. especially for trading, trading experience is really needed so that we have a feel for market fluctuations, so that over time we seem to be able to interact with the market and understand where the market is going. |
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Currently, most of the younger generation are very few who want to do traditional jobs, they prefer to follow current technological developments and prefer to be employees who have a fixed salary, indeed there are some who want to return to working in traditional jobs and they have been able to incorporate technology into the work they do to make it easier for them to complete their work.
Currently, in this era of fast-paced technology, the current golden generation wants to have money or a good income and they are not too interested in traditional jobs anymore because there the certainty of earning money is uncertain, that's why today's young generation is very rare They want to become farmers or fishermen because of the uncertainty of having a lot of money. In this era of technology and work is not difficult for them and the income they earn is extraordinary, that is why they do not want to enter the traditional world of work. but I applaud young people who combine traditional work with modern technology, even though there are not many in number, in terms of income they can actually exceed that of office workers, and what's even more amazing is that they can employ and provide guidance to conventional farmers. one example is from agriculture, where young people equipped with knowledge develop modern farming methods, and not only that, with sophisticated technology they immediately market it online, so that farmers' income increases due to cutting out middlemen. |
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Since bitcoin promotes mostly anti-government, banks, etc.
I am wondering; Do you trust bitcoin holders?
So true. We don't need to trust anyone to invest in Bitcoin because Bitcoin was created from a combination of technology, cryptography, peer to peer file sharing, and blockchain. So with the sophistication that exists in bitcoin, why would you doubt the superiority and future of bitcoin. Bitcoin is freedom, and this is what everyone wants. So bitcoin does not depend on anyone, including the creator of bitcoin itself, let alone bitcoin holders. Trusting Bitcoin holders makes you doubt Bitcoin's superiority, which will influence your decisions. You need to learn more about the advantages of bitcoin so that you believe in bitcoin, not in its holders. If we understand Bitcoin and have knowledge about it, we can draw conclusions so that we can easily respond to what is happening with Bitcoin. Many of them only chase profits without any basic knowledge, so they don't understand what is happening with Bitcoin, which ends up panic selling and feeling disappointed with Bitcoin. but that's what makes Bitcoin's price fluctuate. So that long-term profits, many people are starting to believe in Bitcoin |
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There may be many differences between a Bitcoin investor and a gambler but I will point out one similarity between a Bitcoin investor and a gambler is that both gamblers and investors are in risky business. An investor can easily refrain from investing if he wants and can invest in the market as per his will but a gambler cannot easily refrain from gambling.
In the world of trading this is very common following the fact of its occurrence. In my view, there are advantages in trading, but the risk is also quite high like gambling. When to stop if there are no more funds and if there are more funds will repeat again like that always, moreover we never want to care / revoew and learn why always lose when trading. Yes. The crypto market is famous for price fluctuations that can change instantly, if you are not really ready, you should not carelessly enter the market, it's better to install long-term investment techniques only. Another reason is that trading is not like we are selling in traditional markets that we can easily see, price control. just like we trade, of course an investor already has a previous framework, he will buy in which area and sell in which area, and if he feels that the market is not according to his plan then what should he do. all these things were already in his mind before taking a step. whereas a gambler, without this provision in his mind only thinks about always winning, after the market does not match his expectations he still persists in holding on without any basis, until finally he panic sells, because of fear, that's when an investor actually prepares to buy. |
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I do not see anything wrong when someone checks the news first before investing. This is only called as fundamental analysis. What is only wrong is when they invest because they see a shilled post in the social media. However if it is only about bitcoin, I think it is not totally wrong as well. Because, even if you buy at the top but as long as you continue holding, the dips will just past and you will see a new light again.
Yeah, they're being shilled to buy the best crypto asset ever and I don't also think that's a problem. But everyone has to practice doing some research before buying. Not just because someone told them to, they should buy it asap. No, it doesn't have to be like that because all they have to do is to make themselves comfortable before buying it. And that's why we always tell everybody to DYOR. for an easy reason, that is, we buy because we have a reason, and that reason is obtained because we have analyzed it beforehand, so that fortopolio planning for future targets emerges. structured like that can reduce the risk due to high bitcoin fluctuations. Therefore, learning to analyze and make your own decisions is very important because it will provide experience so that we can become strong investors |
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