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There are no investments that will make you rich over night. It really takes years or more for the business to go boom, and the same is true with bitcoin. If you have extra money to spend, it is better to spend it in bitcoin rather than put it to sleep because you will not profit from it. Though the real issue with buying and holding bitcoin is our emotions, because as time passes, our mind tells us to sell it because we are losing money, which is why we must control our emotions.
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If your motorcycle is gathering dust in your garage and no one can use it, such as relatives or your son, it might be time to sell it. If I were in your situation, I would repair and clean it first before selling it so that you can price it higher and ensure that there will be buyers. I own a motorcycle too, but I won't be selling it even if I buy a new one, as it has sentimental value to me. After selling it, you can invest it in bitcoin because there is a high chance of profit but also some risk. Just be careful and make sure your bitcoin is secure, like storing it in your own wallet and not in an exchange.
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I was thinking for a couple of minutes right now to calculate my percentage of luck, but I can't calculate it since I haven't counted my winnings and also the game I played and bet on, but I would say 3 percent since I rarely won last year, I think because I played a few games and then rested for a couple of weeks. I rarely gambled in the past 2 years because I just lost my job, but for sure this year I will have a budget to gamble every month as long as I have extra from my salary. Though I am hoping that I could win big, I still just put it in my mind that I do it for fun.
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I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?
It takes guts to survive these times. So many people are suffering and struggling. The stress and strain it causes in family relationships shouldn't be overlooked. Someone who was recently affected by the downsizing in his company has turned to alcohol to ease the pain as he has to deal with a nagging partner each day supplies in the home depletes with little or no hope to restock. He has taken to doing odd jobs just to make ends meet. Yet the jobs are nor regular. I hope this ends soon. But drinking alcoholic things is not the solution. Yes, yes most of us do this drinking when we are in pain or loss. I also do this when I lose my job due to a pandemic. My mind was very negative at that time, and I was drinking a lot, but I just realized that it was useless. I need to find a job that is better than my previous work. That is the time when new doors open to me, and yes, it is better than my previous work. I know it hurts, but we need to stand up and look for other opportunities, as there are many out there just waiting for us. |
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This is entirely dependent on the individual and the price at which he or she wishes to sell, as we all have different preferences, and the price at which we purchased is different. In my opinion, the only time that I would sell my bitcoin is first if we are in an emergency situation in which I need financial assistance; whether it was a loss in profit, it is still okay for me so that I can use it in an emergency, as this is my first reason why I invest and hold on to bitcoin, and the second is when the profit I've got is so big that I can't handle it anymore.
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I don't think a horoscope is going to help you if you're going to read it when placing bets. I see that more as pure superstition. There is no reason why a horoscope should be correct. And gamblers come in all shapes and sizes. What is little money to one person may be a fortune to another. Online gambling has undergone a revolution, I dare say. Good thing Corona is almost over, otherwise the gambling world would look a lot different. Also online. No income is no money and also means no gambling.
There is nothing wrong with this since it is our superstition and it won't affect others, so let's just respect it. But if we are only relying on the horoscope and not doing our analysis on the game, then that is wrong as we are not doing anything. The horoscope can make us confident and also attract luck on our bets. It is almost the same as having totems or any lucky charms that you would bring with you as you think that it can bring luck. However, whether we use it or not, we should do our own analysis for each bet so that our chances of winning increase and we are not solely reliant on those factors. |
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The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?
The secret to become successful in trading is to outwit other trader on your. It’s either you will enter against the flow when you feel that the current trend is already reversing or just follow the flow itself. No one can give you an exact formula to win because winning on trading means someone is losing. There’s no way everyone will have a profit because the order book liquidity is limited to the amount of money of all the traders. The only way to become successful in trading is to develop a strategy that will works for you. Trading is a trial and error. Others say that trading is like gambling because you are also facing risks so expecting huge and continuous income from it will be too much not unless you are already a trading expert. I agree that there is no exact and accurate applicable strategy to it but we can apply any strategy that will fit our analysis. Anyone can earn in trading but your success will depend on your skills. Considering the risks, there will surely be times when you will fail and lose in gambling so it will be a big challenge. It wont never be trading like gambling unless you trade and you dont know at all and just waiting for luck to struck you. Gambling is mostly luck even if you have strategy still your percentage of winning is still low. In trading that is why you keep learning its because you want to predict your market. It need skills not luck, but there are still people that are doing trading in gamble style but it isn't profitable in the long run |
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People has a different mind set not all the poor people is not interested about investing on bitcoin there are also poor people that wanted to invest into it but the budget is very few and not enough for investing, so they choose not to do investing.
This is the reason why the poor get poorer and the rich get richer. It is a sad truth, and all we can do is work hard until we can save or earn extra money to invest, but again, this is very difficult unless someone is helping us. But again, as long as we are not lazy and have determination, we will really achieve what we want. We should always aim higher, and we also should not reason that we are poor; we work hard, just like those successful people who started from scratch, and they achieve that through perseverance and not quitting. |
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Most of us will for sure say we will try to track down the owner and try to return it, but the reality is that it is difficult and for sure you will keep it or transfer it immediately. Still, I belong to the lowest percentage of people who are honest. This happened to me earlier this year, around December, when I received an amount that was sort of large in our local online wallet with our own fiat. Someone mistakenly sent me an amount, which fortunately is easy to track, so I was able to return it. It is not good to own money you don't have. If you found it, you should leave it there and wait for the owner to discover it. Don't touch it.
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Your strategy is very simple and easy to follow, but the problem is, how would you choose which coin to buy? How can you make sure that it will pump and not go to its grave? Though it is working, it is very risky on that part of choosing the right coin. I don't know if you already know trading, but try to learn it first since your strategy is like "buy low, sell high," and you are just on the tip of an iceberg.
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There are still people who are not aware of those exchanges. They still keep storing huge amounts of bitcoin on those platforms? That is, we are still being victimized. Let's always be cautious. When you see this post, you should immediately withdraw your assets from those exchanges to be safe. However, if you are still stubborn then leave it there. With these incidents, we should now wake up, open our eyes, and make our move, as we can't really win on this kind of thing. Let's just prevent this from happening to us.
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Sports Bet and Casino are two completely different things Casino you have to play and win yourself and Sports Bet is a live game where you make a prediction based on which team you bet on. But there are many techniques to be used to win in casino but in sports bet you just need to pick a team and bet for that team which is much easier and fun than casino. Because now most of the people like sports so almost everyone knows which team plays well and which team is weak so it is easy for everyone to place bets.
Casino games are fun and easy too, you have varieties of games that you can choose from, you can also just bet with as low as $0.1 and have fun while betting in each round. Sport betting is not as easy as it is talked about, it is easy to bet but winning can be hard. In betting, using the correct strategy is very important, because if you do not, both in casino and sport betting, losses is more to be what would happen. Both have advantages and disadvantages, but in sports betting, you should at least be familiar with the sport or game as well as the players involved, because how can you predict who will win a match if you don't know anything about it? You can probably do research online or ask your friends, but it's best if you have your own analysis. Though casino is very simple, whether you are a newbie or not, the instructions and game can be easily played, but the odds on it are quite low, in comparison to sports betting. |
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A lot of people say that business owner is better, because it allows to be a big boss and earn more, yet they continue to work as an employees. I think a lot of people dont realize the responsibility of being a business owner. All they see is "business owner earns more", but they dont know how tough it is to organize work and get first profit. Lots of people think that is easy to sit in a cozy chair and give commands. Try to control at least few employees. The "I can always hire new" is not a solution. That means loosing money. Not everyone is capable of being a business owner.
Stress from owning a business is preferable to stress from working for someone else's company, where you may be fired. Though I understand your point, choose the stress that you want. There is no easy path on this, whether you are an employee or the boss, but thinking of having a business has a longer-term benefit than being an employee. I prefer to really have a business and be the boss, no matter how stressful it is, since having a business is not just about money and profit; it is also about self-improvement. |
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There are many ways to save your seed phrase, including memorizing it, but don't just rely on it like you still have backups like putting it on paper, or I've seen someone write it in steel so it won't burn, and others have multiple backups just to be safe. Though memorizing it is beneficial, it is difficult because you do not know if you will remember it after a few weeks, so it is preferable to write it down on something that cannot be burned; simply be creative.
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There are several reasons for this, including the fact that they are still using it to purchase another coin or that they are waiting for a good price to sell it and then convert it to their own fiat currency. This is the main reason I keep my cryptocurrency on exchanges: I need to wait for the right time to sell it, then transfer it to my own wallet. I'm not sure how long others keep it, but if something happens in exchange, they'll lose their coins as well.
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Every strategy or indicators have it's functionality each thereby playing it's different roles to bring the traders to conclusion on what decision or action to take for his trade or trades as the case may be, what every good trader needs to understand is that you don't need to trust just on one strategy , you need to bring in different strategies or indicators towards any trade you want to execute and see how they align with your instinct about such trade. No indicator looks obsolete it only depends on how monotonous you're using it and then it seems obsolete to you cause it's no more working for you as it were that doesn't mean it ain't working for the next trader.
And this is what makes trading so complex, if you use one time frame bitcoin may look bullish, but if you use a different time frame suddenly it looks bearish, similar indicators could also give you contradictory signals while you also read all kind of opinions about what the price is going to do by experts and newbies alike. So it is up to the trader to make sense of all the noise that surrounds the markets, and if you cannot do it then it is going to be almost impossible to succeed as a trader. That is why you should consider the big picture. There are also traders who don't use indicators and rely only on charts, like "naked traders." These are simply tools for our biases to use before entering a trade to see if there is confirmation from our strategy. With all of those noises (indicator signals, news, etc.), that is where your strategy comes in on what to follow, which is the most crucial part of trading, so it would be impossible that strategy would become obsolete as this is what we use before we trigger our trade. |
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It's some kind of friendly betting. For sure, most of us bet on things when we are children, and this is one of them since chess was very popular. Though I haven't bet on myself when I play chess because I only know the basics and it is a mental game for me, so it is difficult for me, there have been tournaments before in our school in which we will be betting players to see who will be the champion in our school, just a friendly bet like others bet food or other items or money. It was fun to gamble with your schoolmate, and we are laughing that none of our bets won.
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If you know that you are trading and losing your money, it is better to think about this twice or three time or more before making the wrong decision that you will later blame yourself for. We are in accumulation period, try and hold and accumulate.
My advice to traders that are losing is to still continue to trade, but using just 20% while 80% should go into holding. What do you people think about this? Out of 100% fund, what percentage can you advice a trader to use?
Trading is not bad if you're profiting and incurring loses (Minimal loses) in trading is normal and is part of learning process for newbies in trading, because success comes from failures and those experienced /profissonal (profitable traders) also lose trades but have learnt from thier trading mistakes to become what they are today. Secondly, You should have a long term investment goal for Bitcoin (huge portion). Always Take profits when there's opportunity and also trade if you have the passion for trading if you're making profits or continue to try with small money and learn why you lose maybe one day you could become a profitable trader as well. One thing that is often ignored by those that trade the markets is that even some of the best traders around the world still take a break from trading if they think the conditions they are facing are too adverse for them to make any kind of profits, and when we think about the market conditions we have been facing for more than a year it is not difficult to imagine those traders would probably avoid trading cryptocurrencies right now as it is simply too challenging to obtain any profits. There is really that kind of mindset in which it is very greedy to enter the market without knowing its status, like if it was going sideways or if the market was in a downtrend, in which case you can still trade but the chance of losing is higher. I can't blame others as this was my thinking before; it was because of the greed of getting money, and it taught me a lot of lessons. So, if the current trend is down, I avoid focusing my attention on finding the best trade because it is time consuming; instead, I check the chart to see if there are any good trades to trigger; if not, I'll be relaxing on my couch. |
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Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.
Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely. People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding. |
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I been making mistakes like i Open btc short when i know Market is up but still btc did not moved like few days so it means i did not make any money few days i was waiting like a fool instead of that If i was gona long and short other coins i would Made money everyday.
Most important in crypto is stable income everyday.
Just becouse btc are so slow i dont trade btc with futures much but If i do then i also trade others i dont keep my hopes on btc much.
I'm not sure about this thread, but when you say you opened a BTC short position and the market isn't up, that's a little suspicious, and the way you explained it, you don't know the current trend because you're only looking at "everyday time."Also, if you have a steady income, could you show us proof? I'm not sure if you're imagining things, but I'd say yes, BTC has a slow movement, but it's good to trade because I don't like really fast-paced markets because I can't analyze fast and also because I don't have a lot of screen time on my PC, so trading and holding BTC is good for me. |
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