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if the volatility maybe cryptocurrency is greater volatility compared to forex. the greater the leverage in forex, the greater the risk, so that most traders hold transactions until they experience a margin call. for beginners I think a leverage of 1:200 is good, that way we will be able to learn discipline, and look for opportunities that really have a small risk, because if we hold it while it's floating minus, it will stopout automatically, so our capital is safer , because there may still be several trading opportunities again, all of this is closely related to trading psychology
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at least we can learn from the group how they place positions, place targets and stop losses, so that at first we can find out why they opened positions, so it's not just random to make transactions. after that we will understand, and put it on ourselves whether the TA taught is in accordance with our way of trading, because in the future we have to know our own trading style, because trading is not just looking for profits in a short time, but for the rest of our life we must be able to make profits continuously consistent
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From the look of things bitcoin price will not come up soon, I guess is better to hold on till when it will show strong signal before putting in money again to escape losses and people who their investment is long over due are already victims of the Price dropping. We should try to be careful this period that bitcoin has not direction. Imagine a friend investment $2000 but what is currently left in his wallet is $400, and the deep is still bearing down the nuds.
Hold on, but if you must buy now be wise to use spare income.
mentioned with investment in my opinion nothing is completely safe, there are still risks that haunt Investors. but all of that has the point of view of each investor. if investors are sure of the risks they will experience in the future, then at that time they will not invest. well, I think the investment you mean has a small risk if your investment is in Bitcoin, but if the investment is in an altcoin that doesn't have good quality then the risk may be high. My view of the current bitcoin price is indeed a high price, but bitcoin will continue to be able to reach prices that exceed the previous ATH price. this is what I call a small risk when investing in Bitcoin therefore the need for diversification, if we only invest in bitcoin, it is indeed the safest, but our profit is also not as big as in altcoins, therefore we need diversification, besides we are safer, we will get bigger profits. if necessary, with a little capital, dare to invest in new projects that can experience pumps of up to thousands of percent, but we also have to be able to analyze them very carefully |
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We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?
Is it that the rich have already wealth the day they are born? Have savings and investment?
While the poor doesn't have any of those?
The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.
Why are the rich getting richer? Because for them the money will work for them. With lots of money, investment, business, everything the rich can run because they have large capital and ultimately profits continue to increase. Why are the poor getting poorer? Because they don't dare to take risks for new opportunities. With their less income, they choose to buy their daily needs instead of opening a new business. Born into a rich or poor family, it is a privilege that we can't choose. We can only respond to any situation that occurs wisely. I think this lies in our environment so that it influences the mindset. so that many rich people are getting richer, and poor people will remain poor, because they associate with the poor and do not want to experience change, so that their lives will continue to stagnate and be in continuous poverty. therefore we must choose an environment to associate with, even though we are poor but if we associate with people who are rich in mindset, then we will have broad insight to become rich |
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AI is something incredible, moreover, with more advanced AI that is developed, that will be more than we think. Those who are working ith AI directly may know what will happen exactly if AI is always developed and can be developing themselves, what kind of replacement will be in this world, replacing most jobs with humans to do something?
Of course, every new technology will have its pros and cons. AI of course will have many advantages, being so advanced with the technology, easing to do and finish many things more efficiently and effective, and can do something new much faster than what humans can do.
Even though this has big advantages, there will be always some cons to it. This may affect many things, especially humans itself. Imagine if many things have been done by AI, so it will also decrease the use of humans in working or doing something. And probably there are many more disadvantages.
So, this may how they including Elon Musk have warned us about AI, but still creating and developing. To warn us about the possibilities.
Artificial Intelligence leads to a reduced need for manpower - fewer managers, support staff, bank clerks, workers, and so on are needed. There are more and more people, and fewer and fewer jobs. This is the paradox of the times. It is frightening to imagine what will happen in ten years' time with the rapid development of artificial intelligence. Why not think in a more positive way, artificial intelligence or robots will support us in our work and help us work more efficiently. For example, for workers, robots can replace them doing heavy and dangerous jobs to reduce labor accidents and limit human losses. Technology develops, and people want not to be threatened, what needs to be done is to improve knowledge and skills, not just stand still. Even without technology, with the increasing population density, you will be fired if you don't improve your skills yourself. Life is getting tougher day by day. actually human nature that needs each other makes us not have to worry about facing the progress of the times. as well as AI which can replace human labor so it is feared that there will be many unemployed people. but humans already have socialist traits, so there will always be a way to survive, the more people there are, the more needs that can be used as opportunities to earn money, especially supported by digital technology |
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After the collapse of banks in the US and real estate companies in China I realized that there is no investment without inherent risk. Crypto investment is risky but brings good and faster returns than other investment channels. We can enjoy moderate profits and get out of the market before the worst can happen. So with the right approach, we can maximize profits. Not to mention, making transactions in the real estate channel takes more time and complicated procedures.
even now I see volatility in stock exchanges and others have almost the same level of volatility as crypto. maybe this is the effect of the many bank collapses in the US and Europe and also the impact of the current unstable world economy. but this does prove that the current high risk is not only in crypto but in other sectors as well. except in physical investments such as land and gold or the like. so I am now starting to think more that with almost the same risk I would prefer crypto which has high profit potential with a relatively faster time. but of course as long as we enter the right project. Among the existing investment fields, maybe I am more inclined to property, which has the smallest risk and has a profit that increases every year and does not seem to fluctuate. but unfortunately property prices are already expensive and it's hard for people like me to reach them, therefore I choose to invest in crypto so that the profit generated can be doubled so that later I can use it to buy property, and this I also convey that gold for investment I think is not optimal compared to property and cryptocurrency |
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market manipulation and psychology make us fall into misery if we can't react to it. the main thing that we have to control is our psychology, where from there we will have a mature personality to determine actions considering that in the market there will certainly be a lot of news that can shake our goals. even though manipulation occurs, if we can react to it then it will be a big advantage, unless we are greedy, it will actually harm ourselves
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an exemplary action, considering that my child is also only 1 year old, of course I am thinking about the cost of his education later, of course it will be higher and I will be increasingly unproductive. but right now I set aside a little money every month to invest in bitcoin, so if it's enough, then I'll save it for the long term, at least until I graduate from college later, if that's done, I'll already feel very grateful
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That's what makes bitcoin so interesting. Many traditional investors stubbornly always think that bitcoin is virtual, with no real value, so they missed the opportunity to get rich from bitcoin. We need to remember one thing opportunity is always hidden in risk, and only those who dare to take risks can find opportunities. Gold is no longer called an investment opportunity because it is so obvious, and if we wait for bitcoin to become as clear as gold, the opportunity will no longer be for us.
What is more interesting is that all these "traditional investors" are actually trading "virtual" assets, from the stock market to gold market they are buying and selling virtually. None of the gold investors actually have any physical gold stored in their homes, they either have some virtual numbers on a computer called gold or a piece of paper representing the gold they supposedly own. Meanwhile bitcoin is real and when you own it you actually own bitcoin! comparing gold and bitcoin for now, even though bitcoin is as good as bitcoin, gold is more trusted. therefore for those of us who are more familiar with bitcoin of course choose this asset to invest, considering that for me it is easier to store it, and protect it for the long term, without worrying about being hacked by people. and on the other hand with bitcoin, it will multiply our capital, considering that not many people know it and invest it |
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The main challenge is, these old people are sitting on some important positions in the government, which of course, it affects the government policies for cryptocurrency. Not only crypto, there are still some of them who even don't want to adopt new technologies and prefer the old-school style. Obviously younger people are the future, but it might take longer time than we expect for them to develop finance sector especially for cryptocurrency.
Almost the average government is occupied by old people, so it's not surprising if some of them reject some of the new innovations, including in blockchain technology, maybe because they don't fully understand or they really want to go the traditional way, even though it's done, government policies will still be widely used for the people So do not be surprised if they still have great power in terms of what is implemented in their policies. Provided that young people already know how cryptocurrency even though it takes a long time but if he later occupies a government position someday then the financial sector in application will be possible in its mass adoption, we must believe that technology is important if it does not develop then a sector will very outdated. yes, but we certainly can't just blame older people who can't accept today's technological developments because they definitely have their own strong principles that have been formed during their lifetime. it is true that most people currently sitting in government tend to still think and prefer traditional concepts, although not all of them, but most of them are still unable to be open to existing technological developments. In my opinion, for Bitcoin to be better known and acceptable to the public, it's only a matter of time, because over time, changes will definitely be made by the next generation in the government or in public to keep abreast of existing developments so that their country is not left behind. It's very natural that people aged 35 and over have never heard of bitcoin, that's because the development period has passed, they lived from the absence of cell phones to the digital era as it is today. therefore many of them do not keep up with the times. unless bitcoin is bullish and penetrates a new year, of course there will be a lot of news appearing on television which is accessible to all ages and that is where bitcoin will be widely spread |
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Which is the best? Trading on bitcoin or investing in the stock market? The battle between short period earning and long-term earning. Share your thought about it.
back to ourselves, if we master the knowledge of bitcoin, then that's the best, but if we master the knowledge of the stock market, then that's what we live. but there are also those who choose both for the reason of asset diversification. for me the main thing is knowledge about what our business will be, so that it can produce optimally, not just speculation without calculation |
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First trading bitcoin is safe as long as you know what you are doing, use a famous exchange and care about your security. I like trading in crypto because there's a lot of people here that are new to trading and they don't know what they are doing. I feel like it's easier to read the price movement based on the rumor and market sentiment compared to forex.
Top Exchanges in crypto matters like binance, the same thing applies to forex and its called Brokers. Bitcoin is an important project when it comes to cryptocurrency because it have the largest trading volume and compact with high volatility in the space. Pro traders that understands the market easily trade Bitcoin without FUD and earned enormous profits from their trading positions been triggered with to their TP. While forex traders make more gains than crypto traders, however it depends on the market movement. XAAUSDm is what keeps me running every single day because I've already map out my flip zones on the charts and I know when to enter and when to opt out. both crypto and forex trading, both are equally profitable as long as we know how to deal with them. In my opinion for traders who are aggressive, then he will prefer to trade on crypto considering the high movements, but for scalping traders who avoid high movements it is better to choose forex, where many scalpers who trade avoid news that occur on forex, and of course it was unclear when there would be that news |
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The longer you wait for the price of bitcoin to dip, the harder it will be for you to decide whether to invest because you are anticipating a drop below the $20k mark. The price of bitcoin is currently fluctuating between $27k and $28k. Investing in bitcoin now is not a bad idea because you are doing so with the intention of waiting for it to rise above or reach its previous all-time high of $68k. It is hoped that it would become visible (ATH) around 2024 or 2025.
The bear season is not over yet and there's more time for Bitcoin to go for second dip. Bitcoin do takes a long time before it will finally reach ATH again, afterwards there's still possibilities for Bitcoin to retest back to $20k spot but I would urge trader to find good solid entry on bitcoin and they should not hesitate to take the trade when their entry is triggered and taking profits when TP is smashed. Basically the space is risky and only the ones that have good setup requires more time to be a trade longer than expected because good entries do last long in the space. this is what we should be anticipating, which is still waiting for bitcoin to go to a price of $ 20k, while currently it is still at a price of $ 28k. I think it's back to self-confidence to determine it. I personally prefer to buy some at this point, and if it really goes down to #20k, then I can buy it back, because no one knows after this bitcoin will continue to go up or experience a correction first, that way we will get everything possible bitcoin movement |
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Hi!
I have heard about Bitcoin back in 2017 but never got to learn regarding about it. I always thought that crypto was a fluke and that it would definitely not be a type of transaction until pandemic happens. So, as the title would suggest, is it too late to start investing on crypto? And if not, what would be the essentials to learn on working on it?
Thanks in advance!
No you are not late, just imagine many other banks still did not accept bitcoin as well as the government so don't worry you are early. We are expecting for more projects to be born and pump next year as we will are having another halving so you don't need to worry about it. Just invest in crypto but make sure it is well researched and it will not run soon. for now it is not too late to get to know and learn about bitcoin, there is still the possibility of getting profit from investing in bitcoin, on the other hand the bullish season has not yet come and it is an opportunity to be able to welcome it, especially now that bitcoin is showing its performance not experiencing a crash again and surviving in the area $28k. hopefully this bodes well |
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War of course makes huge losses more than benefits, only a few countries can benefit from war, usually countries that have special relations that can supply countries that are at war, as happened with the Ukraine vs Russia war of course the countries bordering these 2 countries benefit because during the war many economic activities could not be carried out.
due to pressing needs, we can sell at high prices. Of course, in a war situation, it will be difficult for us to make ends meet as normal, so even though they are expensive because of scarcity, we still buy them. In this case, I think that Ukraine is the most disadvantaged, because more infrastructure is damaged, and indeed it is an opportunity for neighboring countries to provide materials needed for warring countries. |
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I just realized this from a friend who told me that at least if someone wants to have a happy life and wants to get financial freedom is by never having a loan. and if you have debt, the first step towards financial freedom is to pay off all the debts you have. because often the biggest obstacle to having financial freedom is having debt. because someone who has debt will have a little difficulty managing finances. so first we must avoid all debts
There is nothing wrong with your friend's advice, but also consider why you are in debt, no one wants to borrow, but sometimes there is no other choice, and the last solution is to borrow. I used to borrow when the business went bankrupt, otherwise, my wife and children would not have a house, in this case, I had no other choice. Borrowing is a terrible thing, but there is always a way out if you have a plan and an effort. Now, I have also paid off all my debt, and the economy has been more stable since then. Apart from anything we are discussing, I admire your effort and contribution to your family. As a family man, I know how it feels to be consistently supporting a whole family. Borrowing from any channel is not encouraged today especially when the economic downturn prevails in most countries. Now it is so good for you to be debt-free as this is a new beginning for your financial status. Congratulations. Debt free does indeed make our minds calmer, so that at work it will also be maximized, because we don't have dependents to repay each month. therefore to let go of the debt it really takes a struggle until finally he can be released it is an achievement, and I'm sure of course with great effort to pay it off. debt for business may still be tolerable because the money will produce |
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There are always different options to consider - for example, irreversible problems in the bitcoin blockchain have occurred. Or everyone started to use government digital currencies, and bitcoin just became uninteresting. There is even a movie called "never say never". The main thing is not to keep all of your money in bitcoin, so you don't lose it all in an instant.
Keeping all money or assets in one place or one type is stupid, let alone saving all money in bitcoin in the hope that prices will continue to rise, as investors and we have known bitcoin for more than 2 years, of course we understand the risks, I have also experienced losing more money from 50% within 6 months because the price continues to decrease, since then I only make bitcoin as an additional investment with a small portion. It depends on what asset he invests in, if he only invests in a pump and dump project its better to keep all the funds in Bitcoin, losing money 50% in a few months is normal in crypto just don't lose from any scam attempt such phishing, fake project, etc. and also don't afraid when Bitcoin losing 50% in few months since not only Bitcoin that drop that much but stock can happen too. investing in pump and disposal projects is very risky, considering that as if we are playing with the capital we have, the project will be very vulnerable to manipulation, it is different with bitcoin which is the leader in the cryptocurrency world, where a 50% decrease in bitcoin will be easier to buy and hold on to it, instead of buying other coins, because if bitcoin goes down then others will too and vice versa |
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Not yet, because in what way can bitcoin end poverty? With the technology? It is only part of the progress of the times and doesn't have a big effect on poor countries. Unless bitcoin can create jobs that can be accessed by everyone in the world without exception, then bitcoin can really end poverty.
The question is, in what way can bitcoin provide a job or income to all people in the world?
In as much as Bitcoin has saved many lives from wallowing in poverty then we should take a smart look on what Bitcoin had done to many investors by improving there lifestyles and making them live in a fullfil abode. I think Bitcoin is going to do more with time if we give ourselves the opportunity to invest in Bitcoin no matter how turbulent the market want to be. The wise investors are the one cashing from the market while those that are always in a hurry to take there profits would only make little money from the market. besides being able to pull people out of poverty but we also have to see that many people are poor because of bitcoin, and that is the market, there are winners and there are losers. but that's not bitcoin's fault, it's just that they themselves don't have knowledge about the bitcoin market which in the end actually goes down. bitcoin can provide jobs, but for those who can afford it, because many people just want instant riches from the crypto world |
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It depends on where the crisis took place for instance if it is in a developed country, we can say bitcoin can be a saving grace but in a developing country like mine, I don't pray for any because if it happens to hold bitcoin can't have any advantage over fiat other than you are sure your investment is secure.
Holding BTC doesn't have any advantage in a time of severe crisis, it does not matter the place the crisis took place, it could be in the United States or in Kenya, whether a developed or an underdeveloped country; people just do not think about BTC when they have lost family, friends, relatives, neighbours, etc. In a time of crisis the thing to do is to worry about those who were affected in the disaster, and not to think about the advantage of holding BTC. Fiat is even easier to spend than BTC, and it may have more advantage to have than BTC in a time of crisis. While people care and think about their loved ones in the time of crisis, some people also do think about their money too, what would be the safty and the value of their money in bank during this crisis and even how to get it out ,but if you're someone that has some of your funds stored in Bitcoin you will be less worried, and a bit more in advantage than someone who has all his funds in the bank . Take for instance the current banking crisis we have in the United States and Nigeriaw where people got restricted to access their funds, and inflation as result of war in Russian and Ukraine. when a crisis occurs, the main thing to do is continue to survive, limit withdrawals from banks, so that investing in crypto also experiences sluggishness, because it seems that they are interrelated. but if we switch to crypto during a crisis, maybe it will be safer, because at that time the price will experience bearish, so that the future will be better. |
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Investing in Bitcoin or any other crypto has always been like wagering in a casino.
I would not describe bitcoin investments as the same as gambling in a casino. Ever heard the phrase “the house always win”? Casinos are designed in such a manner that the owners are always in profit even when you think you’re winning. Biycoin is decentralized so there is no owner or one body controlling the system, the same can’t be said for altcoins. One may describe buying altcoins as gambling because the risks are too great and historically there is a tendency of altcoins project to exit the market early. Investing, as long as you are knowledgeable on the projects you plan to invest, no matter how risky it is, you can always lessen the risk and not to fall for investing like gambling. That’s the advantage we can get from bitcoin investment because you know you can rely from it since it’s a secure investment. Unlike investing with altcoins, it may fall like gambling as altcoins have no guarantees if they can still survive after years of hodling, or they will just end up as dead coins and lost their value. However, as long as investing is concerned, always invest with an amount you can afford to lose regardless of what investment it is. right invest as much as we can let go, this means we use cold money to invest. but before that we must have knowledge about our investment. that way it is hoped that it will not be in vain to wait in the long term by generating profits according to what we desire. although it is different from gambling, in investing it is as if friends with risk |
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