Get clear knowledge before investing and also have in mind that good thing always comes after striving for it
I remember the first time I heard about bitcoin after it was introduced to me by a friend in have to look clearly into it is dedicated my time to it i other to understand the trade market also was another thing I have to look into although it is explained to me to be risky but I had in mind of bearing without risk that comes but today I have come to realize the reward of being patient and also given attention to what's new to you neglecting it difficulties at first
That's a great point. Before investing in anything, it's important to do your research and gain a clear understanding of what you're getting into. This will help you make informed decisions and minimize risks. It's also important to remember that success usually doesn't come easy and may require hard work and patience. This applies not only to investing but also to other areas of life. By being persistent and dedicated, you can achieve your goals and reap the rewards of your efforts. investing without understanding that investing is a gamble, indeed we should deepen our knowledge of the field of crypto investment, after knowing the risks and rewards then we can determine whether to invest or not. if we dare to take measurable risks, investing in bitcoin is actually minimal risk, but for those who lack knowledge, panic will strike and eventually suffer losses, because they are wrong at the start of investing, most people think it's an easy and fast way to get money |
|
|
|
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal,
The first warning sign and easy way to detect a scam related investment is the promises that it comes with, like they are too good and enticing to be true. And many persons fall to all of these due to their obsession to make money which then blind their sense of judgement to ask supposed questions and make deep enquiry into whatever investment scheme that come their way. Let's learn to be patient in our little efforts cause it will eventually pay, it doesn't have to be fast but it's definitely going to pay off in an interesting way instead of rushing into a sham of quick investment returns that would end up causing you trauma. basically they target people who are impatient and want to get money easily and quickly, so the promises they offer will be very effective bait, especially for those who lack investment knowledge. therefore we really have to be able to build by going through the processes that must be passed, so that money doesn't seem to follow us without having to look for it, because we have a good knowledge base and can enjoy investing |
|
|
|
If people decide to leave the bank and focus 100% on cryptocurrencies, it will be worse for us, not as good a thing as you are imagining. Do you think the government will let crypto kill the bank? So far, they are not too strict with crypto, but if it becomes a real threat, they will destroy it, don't forget the government is still the one that controls this world.
Although the bank is going through a period that is not worth our trust, we are still depending on and using it. How would you invest in bitcoin if you didn't have a bank account or fiat currency?
I think that is a dream and that's not going to happen and we are not going to end up with anything like this. I understand that it is not going to be something we could see in the future, and we can't really just leave banks suddenly whenever we want, that's not how it works at all and we should be all working towards something else. What is that? We need to achieve something that is a bit more towards what we can do with realistic situation and that would be a lot better. I understand that there is a situation where bitcoin and banks co-exist together and that's what we can do, that's the future we should be aiming at, because that's realistic. Imagine something like banks accepting bitcoin? That would be the ideal world that we could reach probably. coexistence between banks and cryptocurrencies is possible but not crypto replacing banks, maybe that is a goal that will be very difficult to achieve and from the government's point of view, it may be difficult to replace banks. but by coexisting doesn't the government have advantages from tax revenues, on the other hand as an alternative means of payment can't it make it easier for people to transact, that's if we look at it from the positive side of cryptocurrency |
|
|
|
My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.
it is a common thing. I think a lot of people are waiting for that price to sell the bitcoins they've been looking for and have been saving all this time. Personally, I'm also going to sell some of my assets. even so, I still don't know whether it would be great to sell 100% of the assets we have or not. It all depends on the circumstances at that time. In addition, when the bitcoin price reaches $ 100k, bitcoin will be even more difficult to get. of course bitcoin investors at this time will wait for that moment to come, where bitcoin reaches $ 100k, maybe even before that figure we have started selling it gradually, and of course will leave some until bitcoin reaches its highest point before a price reversal occurs, in order to maximize profits. and with the profits we get, we can start a business or diversify assets in other fields, so that we don't just depend on income from bitcoin investments |
|
|
|
True, because Bitcoin has a special nature that is volatile so we must follow price action so as not to get caught when a decline occurs, because we year not all predictions will always be right and many are against the flow of Bitcoin because they rely on trends, and some investors do rely on trends for momentary profits, but we must know that trends and second price action we must rely on when investing because both are indeed ways to profit in Bitcoin.
don't we often read that 95% of traders experience defeat. only a few traders know about the market, but how can we know what transactions people around the world will make. but not a few traders who are successful because of trading, they can treat the market as a teacher and we will continue to learn from the market, so this is another way of investing. whereas volatility is caused by buying and selling transactions that attract each other, and up and down movements are formed in the market |
|
|
|
Yes it is possible for depending solemnly only on bitcoin trading for a living. Bitcoin trading is a whole time business in which people can be engaged. But you don't have to resign from your government job. Since trading can be done at anytime and anywhere therefore you do your trading even in the office in your working place so there is no limit for that. There are many people that are here that doing the same thing here.
If depends only trading and the day the market do not favoured you, what will you do? So keep the job running because trading is unpredictable and risk.
yes, it all depends on how the market moves. I also suggest not to quit his job because it can also make him an additional income, unless he is really proficient in trading, and build other businesses from it. However, for starters, it's best to keep your job. try to live that life for a while, so when you don't feel right for trading, then you still have your job. a wise step in responding to trading as the main livelihood. especially if we are still in the learning trading phase like me, we haven't been able to make a consistent profit making it my side job, this can be done because trading is not time bound and we can even place pending orders, and place stop losses and targets without having to be in front of the market every time time. the main job sustains our lives and the results of trading as a developer of our assets so that in the future we can achieve financial freedom |
|
|
|
What I think is that even if the market is volatile, I think that it's probably safe to assume that you can use that volatility to your advantage, I know that it's random but I'm sure there's nothing in this world that's absolutely random, studying how the market is moving can probably help you a lot since there's a pattern, for example the halving is always a guarantee in the growth of the bitcoin market.
Patterns do occur on all the markets that exist, so the movements themselves can be said to not be completely random, however the timing is a completely different history, the timing is really random as the markets are nothing more but the average of the movements of all the economic actors, and it is impossible to be able to predict beforehand how each one of those actors are going to respond to the conditions of the market and the conditions of the economy at the time, and this is what makes trading so difficult, as we know the price will go up at some point on the future, but when and how high is something no one can answer with certainty. the market is probability, there's nothing wrong with everyone predicting the market according to a pattern that has happened before, but we'll see the facts when it's past the predicted time, but for me risk management will be more important, considering we will be balanced in the face of a market full of uncertainty, on the other hand we expect profit on a certain target, but on the other hand we must be able to accept predetermined risks because the market does not match predictions, that is if we trade, but to make long-term investments, I think it will be easier as long as investing in the right coin, it's just a matter of time and psychological adjustment |
|
|
|
Investing in crypto requires good knowledge to be well positioned in the future. Investing in virtual currency in the virtual world requires intelligence to gain reputation as a good trader. Treading must spend its assets and then invest and hold. Investing Bitcoin in Cryptocurrency is definitely possible to accumulate good wealth in future. There is no future risk to your money when trading bitcoins. Holding Bitcoin is better than investing in all other currencies.
Holding is easy but often requires patience which is lacking in most people. Those who can continue to be patient will be profiting because this is a long term game done once a while. Day trading is a short term game but requires multiple trades. There are people who are just holding but that can become monotonous for many people, newbies might not get the interest to trade if they only hold. Hence the logical approach is to keep a part of the money for long term holding and no trading while another part for trading as soon as prices rise and buying back at the low. Eventually trading becomes more streamlined for everyone who attempts it. But risks are always there. even holding it in the long term we often doubt a position, where we become hesitant to sell it when it is bearish or keep holding it in the hope that the price will go back up, therefore we must have a target to sell, don't let greed overwhelm us or lead to disappointing results . and what happens if we sell it while the market continues to rise, of course thoughts of wishing would appear, and of course we have to let what will happen after we decide to take action |
|
|
|
Last month my trade was great, I make some dooh but this month is cashloss experiment. I don't really understand the mystical magic behind the technological process of this trading as if someone or something is regulating the system. The system dash you small cash this week and collect big cash from you next week. Is not sweet to bear big loss than gain, and this things happens anytime the market looks like bitcoin wants to boom.
I see that there is no complete expert trader, at a point everyone experience loss both robots. That's means the market is kind of seasonal, it can favor you today and hit you tomorrow.
Yeah market is up and down, pump and dump, rise and fall, it is completely unstable, that is why we can earn and sometimes we will loss it is seasonal that is why the profit is also seasonal, but people still trade because sometimes trading is surprising we can also earn big profit depending on our luck. and the hard thing to deal with is accepting defeat during a market season that is not in accordance with our dreams, because being able to accept defeat will minimize the risk of greater losses, because most people trade short term, but in the end they trade long term because of floating minus . What needs to be remembered is that there are still many opportunities to make transactions in the future, so don't sacrifice capital for just one transaction that doesn't fit |
|
|
|
Your prefer choice is trading. Even as a beginner you can trade but have to be careful and use only what you can offer to lose and when it happened it will not pain you. You have to trade with a very small amount of money at the beginning then you can increase it when you improve on the trading. As a beginner of the trading field, you have to learn very well first before entering the market if not you will lose all you cash and lay blame on people.
You can also leave trading and focus on investment where there is less risk. You only buy and monitor the price and sell whenever it goes up.
The interesting part of trading is very easy to start, just choose the preferred trading platform, then create an account, deposit some amounts, and start. But what next happens is usually terrible things, whether you make bad sell/buy calls, and suffer losses. It is very usual to see online promotions showing passive income in trading but are we sure it was true? People make a try and then see what trading is really about. Sadly, they will tell you how difficult it was in actual trading. what is difficult in trading correctly is getting consistent profits, trading is not just selling and buying, but if we have done that, of course we have to determine when to sell and when to buy, not to mention the psychological pressure that must be faced so that it fits our original plan in doing so. trading. but don't worry, because every trader will of course go through this phase at first, and it depends on whether we are able or not to get through that hurdle |
|
|
|
Currently the status of the bitcoin are still holding with the support and resistance so if you take an investment with the altcoin make sure you know the possible price movement of the bitcoin but we know how does the history of the bitcoin moves in that case you can make a good move for accumulation of coins as you can most of the altcoins are getting ride with the bitcoin.
To earn in altcoins while the market is down is to hope get a coin that could gives significant profit due to hype only and make an exit after its release people are doing this nowadays.
It is quite risky if you rely on Altcoin when Bitcoin is not good like right now. the risk is quite large, but when you find an altcoin that will recover faster it can provide benefits. must be prepared with all the risks that will occur. Bitcoin is not good, there are several FUDs that attack so that the price of bitcoin crashes and of course altcoins will also be affected more severely. to make long term investments i use the top altcoins to choose from. but if I want to get a large amount of profit and a big risk, then I do altcoin research, let alone a new project to get multiple profits. but I did that only with a little capital used, given the high level of risk. I think there are several altcoins that are trusted and of course the choice of many people, where altcoins have accompanied bitcoin on the top for a long time, and it can be said that there is no doubt about their trust |
|
|
|
|
on the ranking coinmarketcap tether is the top stable coin, with the largest market capitulation, so I believe in tether, even though it was hit by negative issues but until finally and until now it can still be trusted as the biggest stable coin, although there are also some stable coins that are worth using . I often use this coin when waiting for the price to buy coins, even though I wait a long time to get the desired price, I always use it
|
|
|
|
|
to receive or send payments on cryptocurrency I think it's quite easy for us to see the QR code that is printed on each wallet, so we can scan or write existing addresses to make transactions. but what needs to be considered is that we really have to check the correct address so that we don't send it wrong, because once we send it wrong we can't return it, it's different with banks, where there are institutions to clarify
|
|
|
|
|
pump and dump action on new altcoins happens often, and we are tempted to know about it and want to invest in the hope of getting big profits. but a lot of people don't understand, when a dump occurs, many of the new altcoins find it difficult to get up, and if we invest, it is likely to go down again and the future is unclear. therefore the main basis for investing is the safety of our funds, so it would be better to invest in a coin that is certain, at any time it is safe to hold, even though the increase is not like altcoins as exemplified
|
|
|
|
It is a very good idea. I have appreciated you because you educate and introduce BTC to your community. This is a very good breakthrough. I was just thinking how do you educate your community regarding the use of cryptocurrency as a means of payment. I mean I have thought that there must be a lot of your people who don't understand crypto currency and I think it is a challenge for you how to get your people to know crypto currency positively.
If someone is able to introduce BTC to a community, of course he also has the ability to explain more things related to cryptocurrency and Bitcoin to that community. Even though it can be a challenge for him to teach more things that are not known by those in his community, I am sure that someone who has introduced something to more people. Of course he knows how to explain and provide answers to questions that will be born by people in his community. indirectly what is done is to form a community in a residential area. there will be many people who gather and ask about payment methods, of course in a warm conversation they will tell about the advantages of bitcoin, especially when it comes to getting money, of course there will be many people who are interested in knowing how, so the conversation will go deeper, especially for those who already proven or felt the result, over time it will be more crowded and spread kindness to many people |
|
|
|
OP, I love your inspiration on this by showing love to Muslims during this season of Ramadan. I feel happy when I see people doing charity work in other to spread bitcoin awareness to people,this shows that bitcoin is a life safer.
No. That seems to do for one group. Incidentally, my invitation coincides with the moment of Ramadan which is being carried out by Muslims, but more than that I mean to invite all to be willing to do something that can provide a more harmonious atmosphere in this world. If many large crypto communities or companies are willing to make donations to those who receive disasters and those who experience disasters do not come from one religion, not from one skin color, we can also do it personally with our own concepts. Everything goes to the same goal and I carry the theme with Bitcoin we spread love. I hope that you told them something about bitcoin for them to know the source of the gifts.
By itself we will explain clearly later when they realize behind what we are doing. Convincing many people is a difficult job, it takes the right moment so that they are curious and ask themselves where the source is. If we convey it directly, it is likely that it will be cut off until then. But if we form love we always do at every moment, then I'm sure people will be curious about who we are, where the source is so that the message we want to convey about the positivity of bitcoin will enter their minds faster. Previously I wished you a happy Ramadan fasting OP, I really appreciate what you are doing to help the community around you by using the proceeds from the sale of Bitcoin that you have. Yes, I know the condition you are experiencing, you only intend to do good and not openly show that it is the result of your Bitcoin investment, because not everyone has a positive assessment of Bitcoin. I assume you don't want to publicly show that it's all from Bitcoin because you don't want to be bothered to debate or argue with someone who is still closed to Bitcoin or those who have negative views about Bitcoin. Because you think it's better to show the goodness that we spread first, then when there are some people who are finally curious about how and where you earn, you won't refuse and will introduce and teach them about Bitcoin. I'm more inclined to call the approach you want to do this is the "persuasive approach" to introduce Bitcoin. An approach method that is used to persuade other people in a good way and without coercion to agree with you, in this case agree with Bitcoin. a persuasive approach is a soft way to introduce bitcoin this month of Ramadan, with a touch of love and concern for others to get to know bitcoin without much debate and make people curious about bitcoin itself. and of course by sharing the right knowledge about bitcoin we can provide education to the people we care about, so they will also provide the right knowledge to those closest to them, and this will be a continuous sequence like a chain |
|
|
|
bitcoin is a digital currency and of course there is nothing wrong if we use it for payment and if anyone can accept payments using btc.
I personally prefer to sell bitcoin on an exchange and be able to buy something with fiat currency, so basically I prefer bitcoin to be used as an investment asset and when there is profit, I always sell my btc on an exchange and melt it into fiat currency.
so I'm not sure around you there are providers of services and goods that do accept payments with Bitcoin. therefore you will more often sell your Bitcoin for Fiat which can be traded easily. but for some countries that have legalized Bitcoin as a means of payment, there are quite a few service providers and goods available. they can use Bitcoin for transactions, and it will be more fun because they buy without having to sell their Bitcoin and withdraw fiat first before making purchases of goods and services. from several countries that have legalized bitcoin, not everything goes smoothly, for those who are old it is difficult to keep up with the times. and we know that for countries that legalize it, most of them are from countries that are experiencing economic difficulties, but at least for countries that have legalized it, of course there will be more people who have bitcoin, and when bitcoin experiences a pump, this can help the economy, regardless of how to use bitcoin to buy something |
|
|
|
You still have a few people running with your channel and that is going to discourage people if they want to join because traders that like to follow do prefer larger group size. If you want people to believe in what sincerity you have about your channel, you have to post the outcome of your calls here. You have to increase your effort to grow.
For a beginner you might easy get discouraged because people really prefer the channels with large group of people, and would prefer to go for the large group size than a starting channel with relatively low group of persons , but all the same a church was not built in one day, persistence is key and once you are able to have a good number of people in your Chanel then you can start from there. right, we must have a good track record in trading so that we can trade in a healthy manner. and after that that is our capital to be trusted by our consumers. good trading is not just for profit, but we must have a healthy history of losses and wins according to the portfolio we plan. this cannot be done in an instant, but requires a process until finally we can be trusted by many people, indeed a noble goal, besides we are looking for money, we can help many people to realize their dreams |
|
|
|
Thank you all for these great tips. I have one last question. Can I find universities to teach digital analysis?
Note: I do not want to study online.
You don't have to spend money to get someone to teach you while you can educate yourself and learn everything on the internet. If you really want to be in the market and seriously want to be an investor, a real trader, you should take the time to learn everything. Don't think you have a relatively large amount of money that you can get someone's help or buy something from someone else without you having to do anything. Don't trust anyone in this market, discover it all for yourself because everything is free on the internet. in trading means our communication with the market personally, our point of view on the market may be different from other people, so we must be able to know where the market wants to move, not force ourselves against the market to follow our wishes, therefore from that until whenever we will study with the market, because often times the market comes out of our analysis, and we have to know what to do to respond to it, therefore partners should only guide us to be able to trade correctly, and I personally prefer to trade myself |
|
|
|
|
Show Posts
