The value that the middle class has been receiving and have is shrinking due to inflation. While the rich getting richer due to the opportunities that they are having. The economy that we're experiencing isn't really suitable anymore to live a wealthy and easy life when you're in the middle class. We don't even have to think about the future but we're here to have bare enough and to survive. A sad reality but everyone of us are keep on trying.
This year it seems that not many rich people are able to maintain their wealth. Because intelligent rich people will definitely consider that there will be very difficult economic conditions and there will be inflation which might worsen financial conditions in their country. Therefore, rich people who have prepared everything will definitely not be affected by inflation. In fact, wealth will grow even more when inflation occurs. They know how's the global economy works. I'm not sure if they have seen this coming but they're moving their money to real assets like bunkers and other assets that can retain their wealth. But even with that, they're not going to the point of losing their wealth. They know this money game and they can maintain their statuses even if the global market collapses. And that's how they are becoming richer, not just all about making money but to see what's coming ahead of time compared to the most of us. |
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Binance is no doubt my best choice. I've always earned small amounts with them because I only allot small amount as well to their launchpad.
Right now, I am trying bybit and I am not yet satisfied with what it is showing to me with their launchpad. I'm still giving it a time to analyze which is better but for the meantime, I think Binance gets that confidence from me.
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The first sign that we'll see altcoin season is when BTC moved a lot. From what we've seen lately, it moved a lot but still not enough to say that we're in the altcoin season. Usually it comes after BTC so, if you see that there's a huge correction after sudden pumping of BTC, it's not yet the time IMO. But that graph is a good guide if someone isn't confident with their own analysis, you can use that a reference but still the market has always been unpredictable.
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On a scale of 1-10 I will say 9 out of every 10 are addicted to making more money even though not everyone attain this height at the end of the day.
That because life today is more serious and tough than past years. And you're not going to survive if you don't start making money, we all need to make ends meet and bring food to our table. That's why we need to make as much as we can but don't call it as an addiction because making money is a must thing to do unless you are born with golden or silver spoon, you don't need any of it as you're going to inherit businesses and assets but us, commoners, we need to work hard. |
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Pepe, Render, Dogwifhat, DTX,Mollars or DRN
Your last mentioned was for sure the project that you're working on. No one knows which project is going to be 10x soon, because these meme coins have already made that much and that only means that it's going to be hard for them to reach that back. But that's just my opinion and who knows if any of them are going reach back again soon. Anyway, I'm just glad that you have said 10x and not 100x and 1000x just as the others have been looking for. |
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How do you take profit? Are there other strategies for profit taking?
There's none, as long as it's above the buying price whether it is 1% or 1x or so, as long as it's more than the capital that I have spent for it. Fortunately, I am more than 100% in profit from the coins that I am holding and mostly it comes from BTC. This is the power of holding and I soon will get my profits because I will not be profitable if I won't take it, right? That doesn't makes sense and this upcoming bull run is going to be bigger than 2021. |
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I didn't know that there are classifications of it and described as how OP did it. To be honest, I don't think people that are taking risk didn't know that they are taking risks. They know for a fact that they do it and they don't mind taking it. In layman's term, it's a gamble of whatever you're taking. Whatever classification you have mentioned and if someone is taking a risk on it, the easiest logic to understand it without being confused is you are taking a gamble.
If you are taking risks without knowing about it nor having learned it then you are definitely gambling. Gambling is just taking chances based on luck and nothing else. No logic whatsoever. There’s no computations either so everything really is pure luck but once you start studying about risks and winning for it then that is when you can say that that is no longer taking it by chance and you have yourself to congratulate. Well, it's hard to expound it but in simple terms, taking risk is also a kind of gambling or simply like that. But yes, we have different understanding and thoughts about it. Having to take risk is actually telling what kind of person you are, others don't want to take it because they just can't. So, if you are able to move your life into the next level through taking risks with investments and businesses, it only means that you are doing well in life regardless of what will be the result of those risks. |
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Yeah, even long term holders becomes trader for a day but you're right, whatever you are doing, still we end up being a trader. So it doesn't matter whether you'd call yourself as a day trader or not.
I am also having same mindset about this with having long term targets are always helpful for the peoples instead of day trading which is having huge risk and any second or miner mistake can bring serious problems so going with this long term polices are always helpful for the peoples because we all know patience always pays good dividend and this is important for the investors so having faith in this is much better. As mentioned you are doing on daily basis or having long term things but this all is trading and no one having any problem to call you trader instead of having tag of day trader living with this trader is much better. Yes, so it doesn't really matter at all what kind of trader they call you. As long as you maintain yourself from your position with trades and investments or holdings that you are having. That's the most important part there and all you have to do is to check them at most times when you have to especially when the market is too fluctuative. Long term or day trading, you both need to have discipline because if you don't have it, you're easy to lose your money. |
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If you're going to buy and keep it, then you're not day trading but you are daily accumulating. But that is not a problem because we have our options and strategies on what is going to be more productive and will bring us better profits. So, if that's the way to go for you and that is what will work to give you better trading results then do it. And at the end, if your main goal with your trading profits is to accumulate more Bitcoin, you're doing another good strategy.
well, the fact is that we have a lot of options when trading. We cannot say that we are daily traders, or long-term traders. When we trade, when we feel that at that time we have made a profit, we can immediately sell all the assets. Yeah, even long term holders becomes trader for a day but you're right, whatever you are doing, still we end up being a trader. So it doesn't matter whether you'd call yourself as a day trader or not. However, most traders will hold their assets for a while until they get the profits they want. Apart from that, I think day trading usually uses high risk coins like meme coins. However, I don't think they expected much from such a trade.
That's the essence of trading, patience is a virtue and a requirement before you make a profit. And that's the waiting game that we all want to do because of the potential profit. |
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I didn't know that there are classifications of it and described as how OP did it. To be honest, I don't think people that are taking risk didn't know that they are taking risks. They know for a fact that they do it and they don't mind taking it. In layman's term, it's a gamble of whatever you're taking. Whatever classification you have mentioned and if someone is taking a risk on it, the easiest logic to understand it without being confused is you are taking a gamble.
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*Does doing regular exercise before and during trading activity help ones chance to make good returns or is it not reason enough to help a trader earn better during trading?
I have read or watched it somewhere about exercising regularly will help you boost your mind and your ability to think. And that's why it's not just all about before or during your trading activity but with everything you do, you'll be able to think clearly. It's helpful in the long run so it should be maintained if you wanna do something that relates to money making and it is requiring your mind to do those tasks like analysis and all of those stuff. Like from what this article says; What are the mental health benefits of exercise? If you exercise regularly, it can help: - reduce stress
- boost your memory
- reduce symptoms of mental health conditions like depression, anxiety or schizophrenia
- help with recovery from mental health issues
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That is the reason if you are an investor, you don't rely to the opinions of the others especially with the social media influencers. It's either they have invested big on that project or they've been paid to advertise it. It's hard to figure out who's the one that are giving you the rightful information with what they've researched or if they have actually done it. Because most of them are in there for the quick bucks and you'll be the sacrificial lamb for it.
Social media influencer nowadays are mostly liar , they will do anything just to earn from their referral links and their promoted company/projects . ICO back in the days have victimized tons of investors and gather millions and even billions if data is correct . I wouldn't say all but yeah, most of them and many of them are starting to sell their souls for the talent fees that are paid to them. And them being called KOL is something new but it's not different from a shilling leader. best to ask this forum first for what is the future of those new project you wanted to invest.
hoping that there will never be a victim of this new scam strategy .
There is no other best place to ask that and get most of the informative threads but here about such projects. |
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Are your parents investing in bitcoin ?
Yes but only a few because I've told them to buy. But they are inconsistent and never bought again but they still hold that few amount. Has it impacted your journey with crypto ?
Not really. I was just happy to see them hold just as mine but they're not the same interest as I've shown them. But it's fine, they're also like us, HODLERS. |
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No doubt that Litecoin is still undervalued now. On the last bull run of 2021, it didn't moved a lot and maybe this time there will be attempts for it to reach certain highs. But I don't want to put much hope on it because the market's sentiment has changed dramatically.
People are all over those new projects and the ones with great hype because it's all about the money nowadays for them and not about the genuine features that it has to offer.
The bull run will always be present and profitable for those set of people that have grabbed their trims and stands in the market, they know exactly what to do and the projects to make their significant investment. There are projects that are underrated in the space and it's simply the team behind the project, they didn't put in the work to earn enormous profits. Litecoin and Dogecoin are included for projects to be undervalued, this is probably no good news for them. I've seen litecoin in the past and it was one of the projects that I truly like. For Dogecoin, I don't think it is undervalued. The market of meme coins has grown so much that there are thousands if not millions are there already. But staying with Litecoin, it's hard to say whether it will be up again because of the bull run because if not, this might be the second bull run that it will not move a lot despite that being one of the oldest projects out there in the market. |
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It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.
Currently it is quite difficult to save and invest, and this does not mean that we have to be wise in thinking about finances for the future, but the current economy of society is very difficult, especially for those at the bottom who work as farmers or fishermen, let alone saving for their needs. everyday life, even now it is difficult, because market prices are uncertain, how do they think about retirement benefits in the future? They don't know what day it will happen. This is what our society is currently experiencing, the current economy makes it impossible for some of us to think about a more beautiful future, because our income is uncertain. The value that the middle class has been receiving and have is shrinking due to inflation. While the rich getting richer due to the opportunities that they are having. The economy that we're experiencing isn't really suitable anymore to live a wealthy and easy life when you're in the middle class. We don't even have to think about the future but we're here to have bare enough and to survive. A sad reality but everyone of us are keep on trying. |
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Sorry for not being able to explain clearly. What I mean is that people in middle-class households cannot invest in anything they want because their limited income makes it difficult to manage the household. Those who have only one income field have less income, so they have to save first if they want to invest. I am not saying they will save to earn good profit. They will save to raise investment capital.
It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future. |
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At this moment I wont sell my Btc for any other altcoin if one carefully observe this bullish run Btc,Eth and Solana have make more percentages than any other altcoin has made . Most of my profits came from Btc and Solana cause they make more positive movement dont think its a good idea to sell Btc at the moment
It's not the right time to sell BTC for alts that are pumping, you're just bringing something to stomp on your end. Because even if the other alts are pumping and you're fomoing, you're going to miss the profit that you'll about to get through holding BTC. If I'll be investing now on some other alts, I'll sell my physical stuff that are not being used anymore for it. With that, even with small amounts but it's still considered as accumulation. |
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No doubt that Litecoin is still undervalued now. On the last bull run of 2021, it didn't moved a lot and maybe this time there will be attempts for it to reach certain highs. But I don't want to put much hope on it because the market's sentiment has changed dramatically.
People are all over those new projects and the ones with great hype because it's all about the money nowadays for them and not about the genuine features that it has to offer.
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Many traders have minimal experience and immediately jump into real trading in the hope of making easy money, and in the end they regret it
That's okay, as long as they can take the risk and won't give up too quickly. They should have long term plans being a trader because profit from doing it, won't just come out overnight and the learning you'll get from your actual experience will be paid off. Basically, I completely agree with you. Unfortunately, it is usually the case that newcomers to the market immediately burn through all their capital and classic short-circuit reactions, such as pouring capital into poorly performing trades, then catapult them out of the market. Very few newcomers actually have the incentive and the necessary assertiveness to stay on the ball until their experience level is high enough. My tip for newcomers is therefore always to start with paper trades first and to continue doing so for at least 3 months. This way you avoid the classic beginner's mistakes, learn a lot about yourself and your reactions in stressful situations and can then use this knowledge to actually trade successfully. They think that crypto is a classy way of earning money and becoming rich overnight. There's always the thought from the newcomers and sees crypto people have become rich doing that. They don't know that it's the same for everybody, you need to be knowledgeable as a trader and you need to be patient as an investor. So either of the two, they don't come easily and they have to grind all of their might until they reach to that point that they can make the actual easy money from the knowledge they have as a trader. |
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