$4k isn't a small amount and by this amount, I'll be able to choose some crypto. But my first choice will be bnb as it is promising and potential. As an alternative choose I might choose eth or bitcoin. Both are profitable as a long term investment. Actually it depends on which coin you are focusing for to get profit.
BTC shouldn't just be an option for alternative. It should be the main option with any amount that you're about to invest. Having this amount makes you do whatever you want and invest to the things that you want such as bitcoin and bnb. You can also choose those three that you've mentioned and divide the capital. |
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The problem with many newbies is that they want to enter the market just at the perfect moment, they want to enter just when a crash is ending and get out exactly at the moment the bull market is over and this is simply not realistic to do, we must accept that our timing most likely is never going to be perfect and yet find a way to be profitable under those circumstances, I still think the price we are seeing right now is a great opportunity to invest in bitcoin for the long term, but if others do not see it that way I am fine with that I just do not want to hear from them when they complain about not investing in the market when they had the opportunity.
Not exactly the thing that I know with many of them. Majority of the newbies are scared to buy during the downs and dumps. They're only encouraged to buy when they see it started to move positively. They're rushing when that time comes and they're regretting that they've bought late but in fact, when the market is just passive they don't buy and see the opportunity within it. And the usual thing I see is that they mostly riding on the hypes and don't stay long, they sell them ASAP once they are in profit. Not that really that smart idea but they are in profit, unlike the others. And this is far different from the real investors who will take risks buying during the dip and hold longer (if possible). Well, I'm not going to wonder why newbies look like this as they are just about to learn from their experience. But these people will not able to survive when the market turns to bearish. Those traders that are riding the hypes. They're doing it very well and they know when to get in and when to get out. That's the reality and the phase is quick as it is because they don't want to miss the opportunity. Thus, they'll lose if they're too slow in reacting. |
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I've got a friend who asked me about bitcoin years ago and I don't know what's his stance right now towards bitcoin. I've looked to the possible potential profit in investing in stocks.
And if I just did chose that, I guess I won't be sitting in profits as high as I can see right now for having bitcoin than owning those stocks.
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There are two sides. The rush can be negative, it can be positive. The most important thing here is that if you are lucky, you can rush to sell it because we never know when the pump will end. As long as you are not harmed please . Especially if you are a day trader. However, it can also have a negative impact if you misanalyze the coin you are about to enter.
Trading isn't all about luck but sometimes there are those moments that we rely on it and think that we're lucky enough to sell at the right time. But that right time isn't actually luck, we're just on the right timing and it's part of your strategy and decision making so if ever you're not in a hurry and sell well by that time then you deserve the profit you're about to take. |
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Only fools say boitcoin is a scam because now there are countries that have legalized bitcoin in their country and many people have invested in bitcoin for the future because they believe bitcoin can be used as an asset for the future, so now it has been proven that bitcoin is not a scam.
It isn't. There will be those people that want to create an argument because they believe so with their fallacy on their minds. It will be an unstoppable argument for them just to prove that they have a sense of argument. |
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And there is no alternative to price action trading to stop it managing your risk can be the most powerful tool that can ensure you remain neutral.
We tend to know how to manage risk. But there are moments that they can't really stop when they become emotional with their trades. And that becomes the reason for them to have their own short fall. By which it leads them to keep losing because they no longer can lose their emotion even if they know how to manage risk. This is why being able to manage your emotions is critical, many traders do not think too much about it and some may even feel that it is not necessary, but it is, the ones that cannot do it most likely will lose their capital as the market does something they were not expecting and then they begin to lose money, at that point the correct thing will be to close their trade but instead they decide to keep it open because now they are revenge trading the market trying to get their money back, and that never ends well. It's one of the best asset that a person can have, a control to himself including emotions is very vital. Because being emotional as you trade will make you loose control. And when you come up to that point then you know what's going to happen next and you'll never like it. |
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The problem with many newbies is that they want to enter the market just at the perfect moment, they want to enter just when a crash is ending and get out exactly at the moment the bull market is over and this is simply not realistic to do, we must accept that our timing most likely is never going to be perfect and yet find a way to be profitable under those circumstances, I still think the price we are seeing right now is a great opportunity to invest in bitcoin for the long term, but if others do not see it that way I am fine with that I just do not want to hear from them when they complain about not investing in the market when they had the opportunity.
Not exactly the thing that I know with many of them. Majority of the newbies are scared to buy during the downs and dumps. They're only encouraged to buy when they see it started to move positively. They're rushing when that time comes and they're regretting that they've bought late but in fact, when the market is just passive they don't buy and see the opportunity within it. |
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I think it is better not to trade on loan. What kind of gambling it feels. You do some bounty or airdrop and then trade. It is better not to take so much risk.
Because there is no guarantee that you will be able to make a profit in trading.
It's a gamble because you're unsure whether you'll succeed or not. So there is no need to trade with so much risk. First you earn for free.
You don't earn for free, you have to make some way on the way for your earnings. And the profit that you'll get from there, it's going to be your starting point. |
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Trading Cryptocurrency is easier more than other traditional stock market trading. The decentralized nature of Cryptocurrency and the fact that the ideology of financial freedom, owning your finance, be your own bank has helped many developers to develop software that made it easy for anyone to own and trade it. We can safely compare Cryptocurrency with American dream people love to pursue! So, Cryptocurrency have helped everyone not just the youth!
It didn't only helped developers. But it did helped a lot of us that have been bind to the banking system that it's the only place to save our money. And for young traders, they've got total freedom because of adopting crypto and trading with it. |
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Poocoin as a start? I don't think that's a good idea for you to start with.
As you start, get on the ride with bitcoin. It's where everyone should start with in trading because you'll never go wrong choosing it as a starter.
I assume OP was referring to the PooCoin charts tool (https://poocoin.app/), not necessarily a coin called PooCoin. Poocoin as a start? I don't think that's a good idea for you to start with.
Poocoin is a trading app, not just only a crypto. It's a great app if you asked me. OP is in order making use of it. I also use it trading on DApp on Trust wallet. It's easier for me than going through the Dex. Thanks guys for clarifying. I've learned something new and I'll take a look at it and see how good it is as you've been telling me. Now aside from tradingview, there's now this app that everyone can use for their analysis. |
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Thank you guys for your prompt payment all the time.  |
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I prefer day trade rather than holding, the reason is that in day trading you can earn daily profits although not all the time since you might be able to lose on some days but in holding you are just letting your coin to do nothing on the wallet and you have no idea when it will pump. My point is you might miss some opportunities to sell at peak and bought at dip and you will have more coins or your asset would have more value.
It's the opposite for me. You get daily profits on day trading as that's the intention but it's not for me anymore. I've done a lot in the past to improve in day trading. But I've come to realize that it's hard to day trade. |
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Well according to my point of view holding bitcoin can be profitable if you have brought it when it's price was too low.
Buying it on a high price can be risky.
Buying it when there is a great dump in its price and then keeping it for a long time can be more beneficial.
But sometimes there is a turning point and it can undergo a great dump so do it at your own.
Get your position when you buy bitcoin. If the price is too high for you despite being someone who firmly believes that it has a bright future, you need to wait until the price settles. It's a waiting game that's very common these days. |
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I now see the future that before December ends we will be embracing $100k per btc in reality, and it wasn't just a dream but a fulfillment.
We need to wait until it fulfills. Everyone is targeting that price at the end of this year and it's very possible but we have to wait until it's there already. Right now as it breached $62,600 it made a correction which is typical to $61,200. |
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Poocoin as a start? I don't think that's a good idea for you to start with.
As you start, get on the ride with bitcoin. It's where everyone should start with in trading because you'll never go wrong choosing it as a starter.
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My wife was in a Chase bank today and overheard a chase bank rep stating to a customer, that the bitcoin is NOT going to last much longer.
Especially because the bitcoin continuing to grow in value. I guess that as a result of the increase and nothing backing and/or supporting it.
That as a result it can no longer continue to exist, if I am understanding this analysis...If somehow there could be a discontinuance of the bitcoin,
how does this effect the other forms of cryptocurrencies???
It is not an analysis but it's a mere opinion of the banker. Why would you guys listen to someone who probably owns not any amount of bitcoin? Listen to the people who have been holding it for years and have made a decent life through bitcoin. Bitcoin is here to stay so whether it burst or not, in the long run it will stay at the top and will show results that they'll regret missing of not buying it. |
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I think this strategy is different for each person. The most common thing is that don't be frustrated easily. Profit or loss in trading can be anything. But if you get frustrated easily, you will make more and more mistakes. In many cases long waits may be required to make a profit. In these cases you have to be patient.
It is a mental state. But you can't just tell it to someone that don't be frustrated easily because we all have our emotions and it can trigger easily based from our thoughts. If you're losing the first time, that's tolerable but the 2nd, 3rd and so on. You will really become frustrated about it. |
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For me, on the contrary, trading is a good way to make money. At least now this option suits me perfectly.
It is. But does everyone make money from it? No. The fact is that there are more losers than winners in trading. That's why you get to see those that are turning into investors and have seen that it's way easier than the other. |
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Do you have fund right now in your account exchange? I think right now is good time for buying many altcoin kinds support to invest
Not every altcoin you see is a good coin to invest with your money. Maybe you can look at that few that really has the potential. But, I'll be careful if you're going to invest with a lot of them because not all of them are going to be profitable. That's based on experience. |
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Comparing it with another company like Facebook. Total's FB marketcap as per https://companiesmarketcap.com/facebook/marketcap/ it's $917B. While bitcoin, total's marketcap on its current price of $57199 is $1T. Bitcoin's growth in market cap can no longer be hidden and these companies are noticing its growth. |
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