What stops us the most from becoming master traders?
Time and priorities IMO. Not everyone has the full time to cover all the knowledge in trading. But those that have full time priorities in trading, they are the ones that never give up and aims to be full time traders. There are people that are for trading and they're enduring all pains and hardships on it but, there are those that can't just do all of it and just gives up easy. |
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I guess only Pi believers would take that deal. But for us that don't see anything significant with this project, we would likely just feel that it's a worthless token and sorry about that OP and those folks that are still believing that someday this token will have any value.
OP, look to those believers that are on groups in social media, maybe you'll find the right person that will accept this deal.
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If you see a 15% annual profits for your deposits of stable coins, that would be the highest that I've seen.
Because binance offers 8% and with a cap of only $2k deposit while for the others, it's like 10% and maybe 12% was the highest that I've seen.
And that's why if there's a 15%, it's doable but I guess that they'll have to drop down that interest soon when they've got a lot of depositors already.
What platform is this?
The bank will operate as a DAO, initially deposits will be only for 1 month. Before each new cycle, the yield for the month will be indicated. At the moment it is 1.25%. We cannot guarantee that the same percentage will be in a year. The market always dictates the conditions, our task is to remain interesting to investors. It's understandable, if they have that rule of having a fixed monthly of 1.25% then that's good enough already. What's this bank? So by that title, it means that they're registered locally and have their operations certified by the government. Looks promising then if the bank will run as a DAO and also, registered and licensed. |
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Bitcoin will remain the best choice - because people have seen other benefiting from it.
Not just looking at the others but personally, we've got our own experiences on how we benefited from it. And that's the reason why many remains to be optimistic about bitcoin because it's one of the best assets that has been invented and right now, we're enjoying its features for being an asset and currency. A part for the damages made due to market people still survive - and invest in bitcoin.
It's because of the historical chart that it has and its cycle that's likely to be happen again within a few years. |
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Bitcoin and banks will always be connected, every time we exchange bitcoin to currency, of course we need a bank to receive the money we get.
What if you do the exchange OTC and it's not from a bank? It's just like a store where there's no bank entity is present? So those who feel like being a bitcoin fanatic or vice versa, I think it's just a waste of time.
It's okay, the discussion is just a discussion about the system on how things work for the banks and for bitcoin. There's not that much of fanatism on it. The banks are even more not liking bitcoin because they know that it's the people's money and we can hold it on our own. |
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IIRC, this is the 2nd bear and bull market that I've met. I'm not sure if I recall that correctly but that's likely how many of them that I've met.
But, this time, it's really not the same from before and I'm liking it more than it's too deep and a bottom of a bottom before. I've learned from the first bull and bear market that I've been with and applied it and sold some last year during the highs.
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My personal view is that 2024 will be a better year for the world economy, regardless of whether the war between Russia and Ukraine continues, the Fed rate hikes can be paused or significantly reduced for the economy to grow.
It's because that's the usual cycle for most economies, it won't be staying at the lowest forever but there will be economies that will surely be left behind if their local government does nothing. Just like what we've seen in countries like Venezuela, Zimbabwe and Argentina. Sure, the other economies will recover, those that have a recovery plan and have it on execution. Since the United States will enter the presidential election in 2024, they will certainly have to find ways to make the election go smoothly without any obstacles. So we are right to expect a better market in 2024.
Thus, halving is gonna happen for bitcoin at that year. That's why the crypto market will become better by that time. |
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If you see a 15% annual profits for your deposits of stable coins, that would be the highest that I've seen.
Because binance offers 8% and with a cap of only $2k deposit while for the others, it's like 10% and maybe 12% was the highest that I've seen.
And that's why if there's a 15%, it's doable but I guess that they'll have to drop down that interest soon when they've got a lot of depositors already.
What platform is this?
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4. short term view
the real wealth in crypto is made only by founders or holders , not by traders. even if you trade for rest of your life , you will never outperform the guy who bought bitcoin and Ethereum 5 years ago. analyze the data and don't be greedy. long term matters.
The newly came people in the market thinks that it's easy that they can make a lot of money from investing in a short term process. They don't know that it's more difficult to have themselves profit in the short term because through volatility, they'll never know if that's already the peak or the bottom where they can start buying. True to it that most of the people that makes a lot in investing are the holders and the most patient folks. |
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There are VR games that I've seen lately and they have real players on it. And that's why there's a place in the world for the Metaverse.
I'm looking at the reality and the sad fact that there are people that chooses to live there instead of socializing outside their home. Although, there's also socializing through the VR/Metaverse, but it's like hiding behind a character of you inside that new world compared to the actual world that we used to do.
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Looks like Ignore is the easiest thing we do, never think about opening the link in the token description, very risky because they usually have an evil program that will automatically record and steal the data we save on the PC.
That's really the way to go. Those useless tokens that are sending their shit tokens, we can just ignore them. And if you want to do better with your addresses, don't publish them so that you won't receive any of those because some are collecting those addresses and makes it on their record. |
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They're accessible, you can have them freely by following their contents. Those are the self proclaimed mentors that makes daily contents about the market.
You can assess them if they really are what they're speaking and if they have the knowledge about the market and trading. We, as audience can depict that if they're really saying what's on their mind and what they know about trading.
You would really be needing to have that self analysis or verifying for yourself if those speculations are considerable and ending up on having higher chance of profitability then it would really be worth on following some mentor but of course you should need to learn for yourself on what to do so that whenever you do decide to be come independent then you could really stand on your own feet and able to deal up with this unpredictable market.Its not bad to snip out some idea from other people specially to those who do have experience but its bad on making yourself fully relying on it thats why its better to set up these kind of goals. Yeah, it's okay to get some ideas from other people but don't wholly depend on it because you'll never know if that's going to work for you. But if it turns out that it's a good one, why there's a need to ignore it? As long as it's working for you then these mentors are good for you but remind that not all of them really has that heart of helping but just to milk you guys. |
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Would you consider investing now in Ripple instead of Bitcoin?!  I'll still choose to have bitcoin but now that I'm very much open to the market and understands the importance of having a short term and long term plan. If it's profitable to the long term, I'll suggest it to my brother but I'll still got to go with bitcoin and pick it. While it's going up right now, it's again about the cycle in the market. Eventually, we'll see its drop soon. |
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Now is the good time to suggest it to your friend. But make sure a friend of yours is aware on how bitcoin runs, because if not, they'll only think about it that it's always a profit day.
It's not how it works but just to be sure, don't encourage them to buy instead explain to them what could happen if they buy together with the pros and cons if the market is positive/negative.
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Upon reading the title, I thought that we've some other person who's surname is Slayer. LOL Well, every price prediction is possible even the lowest that one can say like $3k again or $1k or any lower. Bitcoin is volatile that it can be at those prices that we're not expecting or has been predicted by him or by any other guy in the market. We're in a speculative market and it runs with speculations that anyone can say. |
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If you don't know what's the purpose and how to use margin, just don't get your hands on it. The farther, the better and if you're into long term investing.
It's all about just keep on holding and it's up to you on how long is that hold you'll do. Because, you can just put it on a wallet, where you're holding the keys.
Unlike putting it on an exchange like what you're planning to, you don't hold the keys there.
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I'm wondering how all these dudes gained experience in crypto if some of them don't even know about DREEM Metaverse?
I can say that I'm experienced but I have only seen and heard your project metaverse on the forum and was commented by other posters. Not because that many are experiened, it means that they've heard and invested in most projects, no. It's because that we've got some certain projects where we have invested and gained profit thus, it's all our preferences in projects where we have an idea and knowledge. |
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Why are many governments not regulating cryptocurrency?
It's because they're not yet ready and doesn't see its potential on their countries. Look at the countries that are regulating it right now, they're only looking at it because many of their citizens are making money off it. But, if their people are not making anything on it, it's either they'll just ignore it or worst ban it because they only hear bad things about cryptocurrencies being used in the black markets and through the use of illegal activities. |
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They're accessible, you can have them freely by following their contents. Those are the self proclaimed mentors that makes daily contents about the market.
You can assess them if they really are what they're speaking and if they have the knowledge about the market and trading. We, as audience can depict that if they're really saying what's on their mind and what they know about trading.
As long it is free then i dont see anything wrong about it but you could eventually notice if its something manipulative or dealing only with shit low cap coins then its up into your own preference whether you would continue to deal or not.Mentors arent really that bad to look upon as long they dont charged up something for the knowledge and tips that they are giving.Its commendable for those who did for free and not worth for those people who are asking for sub fees.Just like been saying by the rest of people on here that its better to learn on your own and snip out some ideas on others. Yes, if it's free, you should have thought that there's some catch on it. They'll sell you directly those coins that they'll suggest to you or they're paid to do that. And the normal thing with these free things, is that you're the product of them and that's why they're doing it in the form of being a mentor for free but you know, there should be an exchange and return for them. |
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Another big mistake is taking a loan if you don't have collateral or the means to pay it back when the time comes. I know people who take loans with over collateralized assets, but if you must do it, please be careful so you don't receive margin calls.
This is like a never ending experience for many. Usually, this comes during the bull run and those that have been enticed by the market and they think that it's there to stay at the top. Much better to not do it and avoid doing so because you'll never like the consequence that it'll give to you. Just use your own money so that you're mentally prepared that you know what you're up to unlike borrowing with an unknown market behavior plus the obligation that you'll get to pay sum with the interest. Not just by taking a loan, some i know quit their job to focus on crypto trading way back in 2017 because we are in a massive bull run that time and they think that it will go parabolic or at least they will still make the some money in a bear market, but it's not. So yeah, takes a lot of mental preparation as the market is about timing, up and down. In bull market, everyone is very happy, but when we enter bearish cycle, it become a problem for everyone. Yeah, there have been folks that did that. Because of the bull run, they've gained confidence that it will like a green pasture at all times and then many have decided to quit their jobs. Too bad that they have to do that but it's better to have a lot of source of income before they decided to quit their jobs. Now, for sure those that have made a bad decision starts to realize that they should have done better instead and can't rely on the volatile market at all times. |
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