Be alert and don't easily believe in the wallet developer, I've lost Bitcoin, Bitcoin Cash and Ethereum when I keep it in Xapo, if we want to save assets then make sure we have a private key or word seed so that if the wallet service is closed then we are easy to restore the asset .
indeed there will always be a risk if we entrust it to the developer wallet, even though maybe not all of them will be like what you experienced, all will be returned with their situation because on the way we will not know whether it will continue to run well or instead many will start leaving, so that it will have an impact. but so far I have trusted only metamask and have never tried anything else if it's not really important. but everything is returned to each individual, because everyone who uses it is confirmed because they want to find convenience and habit that cannot be avoided. I always use a familiar and commonly used wallet, such as metamask. for me, by following the general trend, the level of security means that it can be trusted, and when the new developer develops, it will also have trust and in the end it will be widely used by consumers, and of course at that time I just trusted it to use it too. for now I mostly use a trust wallet, because I think it's safe, as long as we can take care of it, although there will be a lot of dust coins that appear and I don't care about it |
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If we're talking about the most secure wallet then that has to be the cold ones because these types of wallet is almost too impossible to penetrate even for the veteran hackers because it is not normally connected to the internet unlike these software applications especially the typical ones that is connected to an exchange.
While it's true that Trust Wallet is one of the most secured software wallet application, it is still not the best storage especially if you're the ones who holds numerous coins with large quantities. Software apps should only be used for minimum transactions and only store some coins that you can afford to lose.
I think Trustwallet keep securing depend without any connected yet with unknow dapp exchange and never approving dusting token, several people losing their assets in trustwallet after connecting with new dapp exchange and usually have approved with dusting attack token because possibility give access with our wallet. I think if want to use trustwallet only for saving fund never allowed connected with new dapp exchange market, possibility when get exploit have risk with assets secure there. Right now we can connected trustwallet access with Binance exchange because I tried with claimed NFTs on Binance and connected to trustwallet, I think be careful when connecting new site with your trustwallet if have primary wallet or can try with second trustwallet optinonal when connecting with new application. as I have lived, usually I use a new trust wallet to transact in a new application, where we login and connect. that way the security of the wallet is still maintained. Until now I still feel safe with a trust wallet, and I think we can take care of it ourselves, so in the end many people have stolen coins because of their own mistakes, by responding to dust coins, so phishing happens |
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I’ve never really compared the both of them, but I do use the both without minding whatever would be the difference, and I am assuming that you’re talking about BUSD (Binance USD) which is an alternative of the USDT?
This has to be want the OP is talking about since this post is talking about swapping and most swapping has to do with trading crypto coins to stablecoin. When comparing both stablecoin I think BUSD has more advantage than USDT. USDT has been having some issues lately as it constantly getting unpegged from the dollar but BUSD strongly has the backing of Binance exchange as such it's unlikely that it'll lose it dollar peg unless Binance exchange was to collapse. It's also easier since BUSD is on the Binance chain and you can use same address to carryout transactions of coins on multiple blockchain like Ethereum, Polygon etc in terms of use between BUSD and USDT, both are stable coins, which function is not for long-term investing. BUSD is indeed a stable coin from binance, when compared to it for now maybe I'm more interested in BUSD, where many projects are currently using the Binance chain network, so it just feels more comfortable. Even though USDT has had many negative issues that have occurred, so far nothing has been feared, so it's back to each individual |
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Bitcoin has actually changed a lot of people's lives on before now and this your story is part of it and will still continue to change people's lives and this is literally, if you have patient with Bitcoin , Because this is not something that just happened an over night , you must have a long time view of at least a period 2 years plus before you could start to see results like this
True, I am one of those that has a 180-degree turn when I got involved in Bitcoin. I was also struggling with employment wherein I need to suffer heavy traffic every day just to go to work. When I knew about Bitcoin I was somehow hesitant and it took me years before I fully grasp the importance of Bitcoin. Then I started to focus and hold Bitcoin while getting involved in this forum and joining campaigns just to add more to my BTC savings. Bitcoin gave me a chance to experience financial freedom and I am happy that I have known BTC though I was hesitant at first. so I remember when I was confused because of finances, then I was introduced to bitcoin, there I started to learn and understand little by little, until finally after a year I was able to build my dream house, and in the future with crypto I can make additional money which I can finally save for other investments. from here it's as if an open fortune, even though the price of crypto has decreased, I actually started buying it to get results later when the bullish season arrives, and I think the circulation will continue like that |
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Recent events are valuable lessons for the crypto world, with these incidents everyone is more alert and careful.
according to my personal view, crypto / bitcoin will continue to survive for a long time.
although it cannot be denied that there are many opinions that vilify crypto, but crypto will not collapse that easily, with the support of the community and investors, surely crypto will continue to grow.
right, bitcoin is not going to collapse that easily, considering the many holders with different views. The warnings that occur are around altcoins that fall suddenly, where maybe a whale can drop it alone, it's different with bitcoin where whales need to unite the minds of many people to make it fall and have to make large amounts of fud. moreover, there are still many people who think, the more bitcoin prices fall, then it is an opportunity |
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Some have succeeded while others end up failing, as they are just like regular traders that won’t succeed the market all the time.
Yes and even true cause some whales didnt expect that there are other whales too on their opposite side of the market. They arent coordinate with regards to their plan and obviously watching also each others movement. When one notice a very big downfall that this whale is trying to do, of course he will check his power and asset if he can manipulate also their competitors. Basically its all about money, the more you have the more chances to succeed on luring others. On the other hand, besides having a lot of money, a whale must also have the knowledge to influence many people, so they can influence the psychology of more people to buy according to the directions of the whales. after the price has experienced a pump, they will smile to take profits, while the victims are those who are greedy, and cannot think logically about market movements |
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scalpers with the ability to read the market well will certainly benefit greatly if they trade on exchanges with large volumes. But if you are unable to read the market and have no knowledge of charts and candles, then you need to be careful. scalping is fast trading that takes advantage of any fluctuations to take profits. Big volume is very important, but you need to be careful when FOMO occurs and the market price is above.
Even for the most experienced scalpers, the market often surprises, especially when it comes to trading in large amounts. If everything were so simple, then many would like to be scalpers, but the situation is the opposite, more often I see how traders write that they are very tired of scalping and this activity is not always profitable. The ability to read a chart is not enough to be a successful trader. Dealing with the small market circulation does bring a good profit only to the people who bought a lot when it's low and upon people having a good tons of transaction and exchange there's a possibility to gain huge amount but in a large market circulation there's an instances that's only for a small amount. For a small cap tokens hard to make a TA because whales can make a manipulations easily. for trading in the short term, tokens with small volumes are not profitable, because price fluctuations are very high and it is difficult to use technical analysis. but if we invest, maybe we will get multiple profits, but the risk is also big because many projects with small volumes suddenly disappear from the market. therefore first identify our goals in placing capital |
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I have a small amount of Tether and USD coin my portfolio of stable coins. I’m confident they are a good hold but I don’t have a significant amount.
In my view, BTC is main hold and I’m In it for the long game. I think BTC has the best chance of not being affected by the continued inflation.
Our world economy is headed for some rocky times from the overspending and with the uncertainty, I think stable coins are really interesting but I see many the large corporate investors steering clear of risk and that is slowing their adoption.
I think stablecoins is no different to fiat money but they are only digital. Yes, they are stable but again like a fiat money, their value can depreciate over time but maybe you already know this fact and that is why you only allocate most of your funds in bitcoin and other decentralized cryptos. It is said that btc is a hedge to inflation but maybe it's not official because we can see that btc is still going down and seems badly affected whenever the rates of inflation are rising, more that we are now in a recession but the only good thing about btc is that it can recover. As long as we don't panic and think negatively, we won't possibly lose our money and we can earn something after some time. Stable coins are not good for investing, because until later they will remain the same in value, they will even decrease due to inflation. but when a bearish season like this time makes the coin stable it would be better to prepare to buy at a good price according to personal analysis. bitcoin is indeed widely said to be a solution to inflation, but there is still much to be considered if it is made into currency, maybe later when technological developments support this it can be realized |
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Real bear market has been started now. Ftx collapse makes so much fears in market which is very bad for whole crypto market. So much money has been out from Crypto and converted into stock. I think 12k is very likely to be done this year's. At this time buying any coin is so Risky. Bear market is not over yet and it's likely to be take one more year now.
the bearish season is still ongoing, it is possible for bitcoin to become 12K. but I still believe that this incident is just a market cycle and it will come back and even jump higher, FTX may be destroyed like LUNA, but what has become a barometer in the crypto world is the development of bitcoin. instead we have to be able to take advantage of every season that occurs, the current position is looking for a buying area would be better |
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It's not going to pump at this time with the current circumstances around the market but I am long term btc holder with some sats secured on my wallet.We are already entering the end of this year and things are not going well as expected and if you see some pumps then it might be normal investment but the actual bull market is still away so hold onto your nerves if you can without panicking in the current time.
don't expect market behavior at the end of the year, because it didn't happen at the end of the previous year. as long as we are on the right coin and have the patience to wait for the bullish season to come, then we will get as expected. Pump season is the season we have been waiting for, but we also have to be able to take advantage of opportunities, don't let us miss opportunities, because there are many stories of greedy people who actually experience losses after the pump is over. |
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...This time when you are not trading with stop loss, take for example your computer become faulty when you are in a volatile trade without stop lose? This you can lose all that would have been protected by stop loss...
The only case when you really need to set a stop loss is when you are resting and cannot control the process of closing an order manually. Really you mean that ? No I don't agree that the only case to set stop loss is when you are resting, there are many instances that stop loss is good. I have had to lose my capital because of lack of setting stop loss even when watching the market directly. Sometimes the market has high volatility and before you could go to the stop loss area or to exit the trade, it can sign you out in loss. It is always important to use it, this is a good money management system. for me stoploss is useful to set the maximum loss that I can accept and I use 5% to anticipate my unlucky day. and when making transactions I usually use cutloss if the market moves not according to the framework that I have prepared. but on the other hand stoploss placement must be understood first. that way I can manage risk and still be able to control my emotions in trading |
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~snip~
When you have decided on dealing up with this market then you should make yourself that prepared when it comes to these kind of situation or condition of the market which is something that unpredictable. Expect bears and expect bulls but this isnt something that could happen on what you do wanted.Everything is random and its better to make yourself get prepared on whatever things would be faced on. Never make yourself get greedy and also never make yourself expecting too much on something which cant really be happening instantly. Emotions could really make out huge effect and this is why its really that better to make yourself that experiencing and able to adapt these things because if you dont make yourself that adaptive then you would definitely be experiencing hardship on making yourself bare out this market.You should avoid on the things which you do seem that it cant really be that helpful in towards your crypto trading career or investment. Avoid greed when the bull market comes and take your profits before the time leaves you because many of us are late to take our profit because we expect more profits. They can't do that, especially if the price can go up high immediately because the price will not always keep going up. This requires self-control, not being greedy and taking advantage at the right time to get that advantage. And in a bear market like today, you have to be able to use it for yourself by buying potential coins or you can just sit back and miss the opportunity. But do not feel bad if the market has started to move because it means you will be too late to take profits. therefore we must have a target to take profit. many of us when the bull market takes place full of confidence the market will continue to rise. That greed will lead us to disappointment for missing the opportunity that has come. if the target has been met and we take profit then we just have to wait for the market reaction, if the market continues to rise, then let it be because many of us also regret selling it, actually no one knows the direction of the next movement |
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If I could only chose one then I would go with Salary base job since it would secure my expenses and I wouldn't be pressured on how much I would be earning since it is fixed.
Unlike in commission you don't really know how much you could make in the next cut-off.
But if you have some income other than the commission base job then I think it would be better.
Yes, that's how it goes in commission and salary earning. You'll be relaxed more with salary based job because you know how much you'll be receiving plus the deduction and you don't need to force much of yourself. But if you're younger and you know that you've got a lot of energy to be a work horse then a commission job is for you. What I know with these people that are in the commission basis, they really like to do sales. Working for a fixed wage is no longer feasible in the economic conditions that led to the disappearance of the middle class in society, which was able to live on a fixed wage. Some may go to get a second job, but this is very exhausting, both physically and psychologically. For this reason, sending private projects represents the best solution. whatever opinion is here I think it's true. Back again to the individual human mentality, where not everyone can take risks like other people, so if that's the case, salary is a good thing to do. but I personally tend to look for a safe point and then do a side business, so that the salary income I can use to meet daily needs, while the commission I get is to invest and maybe open a new business, until the time comes when I will let myself go as an employee and become an entrepreneur completely |
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At present, Europe is the most hit by this storm and although, there are countries who are Bitcoin tolerant, its not enough. Fiat money looks to be the primary cause of inflation and countries who introduce CBDCs in my opinion are only worsening the situation. It's in times like this Bitcoin is needed as it has proven severally to be a hedge against inflation.
"Digital Assets will replace govt issued currencies within a decade or at least present a solid alternative to them"- Business Insider, Aug 2021.
Yes, It would also allow them to enter into budgeting deficits without creating hyperinflation as they tend to borrow in financial markets when they spend more than they collect in taxes. I strongly believe that Bitcoin and other cryptocurrencies only represent a viable option for governments to adopt. Although crypto is facing some issues such as scalability and regulation, I firmly believe that these problems can be solved in due time. what is beyond our authority is the government's policy on the legalization of cryptocurrencies. the most difficult thing to penetrate is about the necessary politicization of interests. I personally believe that cryptocurrencies will be worthy of replacing fiat currencies, but not in a short time, given that there are still many pros and cons regarding this, and it actually hinders its development |
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I am currently working but I already made some plans and I am just accumulating funds to start my own business.
I don't want to be an employee for the rest of my life I want to grow my own business.
I want to have more time for my family.
as well as me, who does not want to work as an employee continuously. for now what I'm learning is trading, from here I hope to trade for a living, after that of course I will try, make a real business from the trading results that I get, because if we only rely on one source of income then there is no support if we experience a disaster in life. the business we are in. on the other hand I have to think about investing to guarantee old age |
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Being hopeful surprises, if one has got the patience. This is what I understood being in the cryptomarket for a longer time period. The growth chart resemblance of people's hope and the reality is well described. What the people hope for comes true, but it happens for limited time period. Such a pattern is much wanted by the users who prefer to be rich overnight. Sticking to the reality and trying to make something out of the market is the best for users who have learnt to make earning out of the fluctuation.
but that patience must be formed from within oneself, and is influenced by several factors. if we invest using cold money, of course, we will be calmer in the face of market fluctuations. on the other hand hope must also be planned by analyzing the future and choosing the right coin, otherwise our wait will be in vain |
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Copy trading is good but you have to choose best trader who has performed very well in past. A good and genuine way to make some good income. One things always remember that nobody in this world is god to do exactly same as they want in trading so loss can be a part of copy trading as well apart from that copy trading can give some good profit because these trade handle by big and experienced trader.
I haven't tried yet but do you need to pay for the traders as well? I rather make my own trade that even I will lose sometimes at least I learn and I am expose to different things in trading. but then if people want to use and to try copy trading it is up to them, and the money they will be getting its up to them. but for me, I won't recommend it maybe because I am not used to it. Even myself I have not been into copy trading so I don’t have any idea if you are going to pay for the trader as well or you don’t have to. I am into self- learning and have gained my skills and strategies on my own with no experts or mentors teaching me. And I must say it really pays off in the end. You gained more confidence and build growth as a trader, and for me that is way better than copy trading. Of course self-study will be better for the future than copy trading and we don't learn. I don't think it's easy to follow copy trading and find traders who have a clear consistency and portfolio. Of course, the trap is that many traders have a high profit record, to attract followers. what is clear, an unhealthy portfolio will contain a greater risk, we should not only focus on profits in our thinking |
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In order to improve your trading results you need to study the market behavior , that is study the behavior of the of particular crypto or coin your trading. Be a specialist in one or two cryptos, this one very secret you use to improve your trading results, for example when I'm I pay so much attention on BTC ,ETH and BNB because this are the cryptos I have studied their behavior.
To diversify your crypto portfolio is good but to see consistent good trading results you need pay attention to one or two coins only and trade them.
You are absolutely right from my perception, because your ability of examine different coins without focusing or paying attention in one coin will make you to know the rudiments of the coin you wish to trade on, secondly, before you succeeds in trading you most make a consistent research of those coins you want to trade on, because their is no adequate examination or observation of the coin you want to trade with, their is every tendency that the trade might have end up with Lost, so i want use this medium to recapitulate that it's good study the coin of choice perfectly before engaging into trading to avoid lose. to get good trading results indeed by making it simple our thinking will focus more on analyzing it. by choosing one or two coins to trade, we will always focus more on thinking about the movement of the coin, in contrast to us thinking about many coins to trade, of course it will complicate our minds and eventually become chaotic. Indeed, from trading results, you can't make big profits at once, but small profits that are always repeated and eventually become big, and we have to realize that |
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The remote working is a very good idea - COVID gifted to the world.
It has made everyone open in working remotely but it's been there even before the covid pandemic outbreak has come. I'm sure that many of the people here have been working remotely and happily doing those years back then. Right now, those that have been used to working at home, don't have that feeling anymore of going back to the office. However, there's still that feeling of being social that you'll miss if you choose this space. Yes of course there were those who worked remotely before covid, but not on that scale. Probably no more than a couple of percent worked remotely, not dozens like they did under covid. And most importantly, covid has shown that people can avoid wasting time on the road to work and pointless meetings. Many have seen that they can work from home just as well if they arrange their place and have time left over for other things. at least with the covid pandemic changing human behavior, many people have switched to using online jobs to make money, and it has become a habit, even though the covid disaster has not had a big impact anymore. therefore we must be able to adapt to the times in order to stay alive to achieve financial freedom. there are so many opportunities if we can find one that suits our hobbies, then we will be reluctant to return to the office, but of course this has a bad impact on the social level of society because they do not socialize with each other face to face |
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Money is hard to get but a lot easy to spend, and this becomes bad if there's no laid out plan of how much one aims to spend. There's a part the op mentioned which is quite true of money; it has the tendency to get you a new friend or a close relative as of course, you're valuable when you have something to offer.
Applying frugality in spending helps to curb unnecessary waste and helps save money as spending unnecessarily would quickly run one into a lifestyle of dependency and debt.
It’s not bad to spend sometimes especially if you know it would be useful to you but in most cases, learn to spend mostly on your budget so you will never be financially broken in the end. Although there are times you get influenced with your friends to spend on luxury things like they do, that’s fine as long as you never adopt it and you stay low key and frugal in all your expenses. That way, you will get to save and earn more especially if you insert doing some good and profitable investments like crypto do. You can not control your fate. Sometimes we get into situations when we have to think out of our budget. Most people spend their money thinking about a few months ahead of them. They are still broke financially. It is not overspending or carelessness about our money that makes people broke financially. It is a lack of economical knowledge. If you do not know how to manage your money then hire a professional for that. Never keep your money ideal in the bank or in your home. Always reinvest in different assets. That's the way of getting out of the rate race. I really like the point 1 - where the OP has mentioned dont spend without the plan If you do a home work before purchase - it will save time - money and energy all sometimes what we don't realize is that we buy goods not based on needs but desires, so there will be a lot of additional expenses that are not really needed. sometimes we find it difficult to control it because of wrong thinking without any control. The need for cigarettes in a month is indeed quite large, if we can control it then cigarette money can be more useful at least we can invest from that part, and it will be useful in the future |
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