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261  Bitcoin / Bitcoin Discussion / Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands on: March 11, 2024, 02:15:32 PM
They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.

Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.

No need to get into the battle of hassle with other traders when you can HODL and DCA.

Trading may be a dangerous route to wealth, particularly in the unpredictable world of bitcoin. While some traders may strike it rich, many others will be left holding the bags.
The DCA technique provides a much smoother path to success. By investing a certain amount of money at regular intervals, irrespective of the market's ups and downs, you will gradually construct a strong portfolio that will stand the test of time. It's a straightforward and stress-free technique that doesn't require any market timing or complex trading strategies.

So, why risk losing money in the trading game when you can sit back, relax, and let the power of DCA do all the heavy lifting for you, relieving you of the worry of trying to time the market or finding the optimum time to make your investment?
The power of DCA is similar to having your own personal savings superhero! By investing a set amount of money in Bitcoin on a regular basis, you can benefit from the market's volatility. Over time, you'll end up buying more Bitcoin when the price is low and less when the price is high, balancing the costs and allowing you to develop a robust portfolio without having to worry about timing the market.






They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.

Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.

No need to get into the battle of hassle with other traders when you can HODL and DCA.
It cannot be denied that buying and holding bitcoins is the safest way to invest in bitcoins, but for those with the ability and skills to trade, trading to increase the amount of bitcoins is not so bad. Just because we can't win at trading doesn't mean everyone is like us. I have a friend who makes a living as a day trader and so far he's been fine. It can be said that everyone has different skills, so we should know who we are and what our strengths are so that we can make appropriate choices that bring the best benefits to us. Don't imitate others just because they are successful that way, each person has a different path to success.
Absolutely! Not everyone is cut from the same cloth when it comes to investing, and that's fine. Some people are natural traders, able to navigate the market's ups and downs and come out on top. But, let's be honest, trading is a high-risk game that may quickly result in tears if you don't know what you're doing.
The majority of people believe that purchasing and holding Bitcoin, typically referred to as "HODLing," is the safest and most trustworthy method. It may not be as thrilling as trading, but it's a good strategy to build up your Bitcoin holdings over time.

Investing in Bitcoin is similar to playing chess: there are various approaches you can choose from, and the one that works best for you is determined by your individual talents and risk tolerance.
If you're an inexperienced investor, the buy-and-hold approach is a good pawn move. It may not be glamorous, but it is a consistent strategy to grow your Bitcoin holdings over time. And, let's be honest, not everyone has the knowledge or risk tolerance to be a day trader or swing trader—those are more akin to the queen, a powerful piece that demands ability and strategy to use well.

They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.

They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA.

Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it.

No need to get into the battle of hassle with other traders when you can HODL and DCA.


Many people will leave the most important part out of the sentence, which is being the BEST top 10% of active traders. Believing that merely becoming "a trader" as a pleb with low capital would be enough. Plus if a person is a profitable trader, but his/her profit is just 15% better than Bitcoin, would it truly be worth the stress and anxiety? It probably will be for people who do not value their mental sanity and time outside of cryptocurrency trading. But if you ask me, outperforming Bitcoin by a mere 15% is disappointing in my opinion.
You hit the nail on the head! Becoming a successful trader is more than just deciding to trade; it's about being in the top 10% of traders, which is no simple accomplishment. And even if you manage to outperform Bitcoin, is it really worth the stress and anxiety if you only see a 15% return?

Let's be honest: the majority of traders will wind up with less Bitcoin in their pockets than if they simply HODL'd. And if you're someone who values his mental health and is still considering trading, then you're not doing yourself any good, because trading comes with a lot of mental stress, which isn't ideal for someone who values his mental health. so rather than putting yourself through all that pressure, why not just HODL and save yourself all the trouble.
262  Bitcoin / Bitcoin Discussion / Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands on: March 11, 2024, 04:07:32 AM
If someone does not believe in bitcoin, then they might not feel FOMO or even really realize how much they are missing out until several years later, and sometimes it will be necessary to really point out the difference between investing in bitcoin versus other kinds of investments that they could have made before it might start to sink in that bitcoin would have had been a better investment.

Also, sometimes it is not really clear either regarding whether bitcoin is better or not, and several of us who have been into bitcoin longer notice these kinds of longer term trends and even some of us might become a bit wowed by how well a consistent BTC accumulation strategy ended up paying off.. and so it is even more apparent when new ATHs are being made.. but at the same time, if someone is coming in new, it could take them a whole cycle to build up their BTC holdings and even start to really be able to see positive results  (and we know that positive results are not guaranteed, either, so position size has to be accounted for in order to realize that positive results are not guaranteed).

Well, those who have belief issues with Bitcoin are doing harm to themselves. With so much data available about bitcoin that clearly tells how Bitcoin price has gone up from zero dollars to 70k in 13 years. There are online calculators available that tells you what benefit in past DCA and Lump Sum has given to investors. After going through all that data if somebody still has belief or trust issues with Bitcoin then we must not waste time in convincing that guy about Bitcoin. 
But I tell you one thing that more you go into Bitcoin more is your belief. As you go on investing in Bitcoin and try new techniques then your belief got more strengthen about Bitcoin. 

You're precisely right, Mate. Those who dismiss Bitcoin despite all of the facts and evidence pointing to its potential benefits are truly missing out. It's similar to being offered a golden ticket to a magical chocolate factory but declining because you're unsure if it's the real deal.
The evidence is clear: Bitcoin continues to rise in value, and adopting DCA, Lump-sum, and other efficient investment strategies can help maximize profits. However, some people are simply averse to change and new ideas, particularly when it comes to investing, and appear to be blind to the golden opportunity that is right in front of them.

When it comes to Bitcoin, some people may be feeling like Chicken Little, convinced that the sky is falling and that investing in Bitcoin is a dangerous proposition. However, if you delve a bit deeper, you will see that the facts do not support this timid approach.
The basic conclusion is that you cannot let fear prevent you from looking into opportunities such as Bitcoin.
Investing in Bitcoin is similar to riding a rollercoaster, although this is common for new and innovative technology. There may be ups and downs, but if you're bold enough to get on board, it can be an exciting journey. Those who question Bitcoin's potential are missing out on a huge opportunity.

Bitcoin has demonstrated its long-term viability and continues to gain traction as more people recognize its potential.
While the value of Bitcoin is volatile, it has shown to be more than a passing fad. In reality, it has been thriving for almost a decade, and its popularity continues to rise. It is not a transitory fad, but a genuine alternative to traditional fiat that is here to stay.


If someone does not believe in bitcoin, then they might not feel FOMO or even really realize how much they are missing out until several years later, and sometimes it will be necessary to really point out the difference between investing in bitcoin versus other kinds of investments that they could have made before it might start to sink in that bitcoin would have had been a better investment.

Also, sometimes it is not really clear either regarding whether bitcoin is better or not, and several of us who have been into bitcoin longer notice these kinds of longer term trends and even some of us might become a bit wowed by how well a consistent BTC accumulation strategy ended up paying off.. and so it is even more apparent when new ATHs are being made.. but at the same time, if someone is coming in new, it could take them a whole cycle to build up their BTC holdings and even start to really be able to see positive results  (and we know that positive results are not guaranteed, either, so position size has to be accounted for in order to realize that positive results are not guaranteed).

Well, those who have belief issues with Bitcoin are doing harm to themselves. With so much data available about bitcoin that clearly tells how Bitcoin price has gone up from zero dollars to 70k in 13 years. There are online calculators available that tells you what benefit in past DCA and Lump Sum has given to investors. After going through all that data if somebody still has belief or trust issues with Bitcoin then we must not waste time in convincing that guy about Bitcoin. 
But I tell you one thing that more you go into Bitcoin more is your belief. As you go on investing in Bitcoin and try new techniques then your belief got more strengthen about Bitcoin. 
Most people are just being mislead, like my self back then didn't have any believe in bitcoin I was only engaging with some shitcoins (wasting my time and funds) , having the mindset that I could become rich overnight when engaging with different shit coins but I at the end I got myself rekt. So ever since then have learned my lesson, I decided to know more about bitcoin, and as I continue I became more passionate about it (bitcoin) , so most time I normally have this thought that , had I known I wouldn't have waste my funds in some shitcoins back then I would have invested it in bitcoin and would be in far more better profit that I am in now , but well I know if I continue my DCA strategies and other related strategies in accumulating bitcoin, I would definitely build a good and portfolio for myself even though it may take a whole cycle. So those that haven't started yet (no coiners) is still early for you to embark in this journey of accumulating bitcoin.
Indeed the allure of get-rich-quick schemes is indeed very common amongst new investors and Bitcoin enthusiasts. It's very easy to fall into the trap of believing you can strike it rich overnight with shitcoins, but the reality is mostly a very harsh dose of FOMO and a drained bank account.
It's good you learned your lesson, you really don't have to beat yourself up because you made that mistake because you're not alone in that journey and many successful Bitcoin investors have made even far more mistakes before coming to the realization that Bitcoin is the way. The most important thing is that you've realized your mistake and learned from your experience and are now taking a more measured and thoughtful approach to investing in Bitcoin.
Investing in Bitcoin might seem a bit slow at first, but the most important thing is that you get started and you stay focused and set your target always on the goal even in the face of market fluctuations.
263  Local / Nigeria (Naija) / Re: The cause of inflation on: March 09, 2024, 02:50:03 PM
The rise in money supply can cause inflation through banks. When they purchase financial resources, the proceeds flow down into various parts of the economy. Inflation can also result from supplier interruptions, such as shortages of labor. Inflation is also caused by a boost the demand for commodities and amenities, or when the money in distribution is not enough to reach everyone, such as during the cashless period, when getting money was difficult and we even had to spend money we didn't have. That period was really a hard time for us to really survive but God come through for us. All these are causes of inflation.
264  Local / Politics and society (Naija) / Re: Placing value in the family on: March 09, 2024, 02:26:57 PM
Family is certainly an important factor. Some people have the family support in the world, but they don't have access to the resources or opportunities they need to be successful and others vice versa. Remember the common saying that " a good name is better than riches" so for me I think it's very important to value your family more than wealth because when e red for you now, na them go still come for you, dey go they der for you in terms of hard times, they go dey support you in different way. Although no be all family members be better people o but in despite of anything family na still family.
265  Local / Politics and society (Naija) / Re: Hunger in the country on: March 09, 2024, 02:10:45 PM
Omo, hunger wey dey for our hungry pass the people wey they inside, hunger much well well and e dey really kill people too, because if no see who go give you or who you go even borrow you some money to carry chop na war, for this our economy like this, the way things take dey hard, nobody dey gree say e get, everyone go dey say nothing dey, we still they hustle and if you you say make you work for person na problem Because before some go pay, hunger go dey kill you, e no really easy  but God go help us through.
266  Other / Politics & Society / Re: Look presentable so opportunities would come your way. on: March 09, 2024, 02:02:34 PM
Confidence and facial expressions can have an important influence on how you are seen and whether or not opportunities emerge. When you are confident, you radiate a positive energy that is irresistible. People prefer to work with someone who radiates confidence and capability. Body language is also an important aspect of this. If you're bending down or glancing at the ground, you won't radiate the same optimism as someone who's standing up straight and making direct contact with you. It's important to remember that your look might influence how others view you, which can sometimes affect your chances of gaining an opportunity. So it's quite good to seem nice not just for the opportunity but also for your good.
267  Other / Politics & Society / Re: Human trafficking on: March 09, 2024, 01:49:37 PM
I completely agree with you. Human trafficking is a worldwide problem, and it is of the utmost importance to understand the fundamental root causes of human trafficking, such as insecurity and hunger. When people are struggling to put food on the table, they may turn to their children. So, both education and economic growth can assist to reduce human trafficking over time. When people have access to beneficial career paths with adequate benefits, they are less likely to be attracted into human trafficking by the promise of a better life, because it provides them with the skills and knowledge they need to detect and avoid certain situations.
268  Other / Politics & Society / Re: Marriage a contract of sexual freedom or bondage? on: March 09, 2024, 01:33:20 PM
I believe the answer to that issue belongs to each couple and their relationship. Some people may find marriage freeing because it provides peace of mind, safety and support. Others may find it restricted, as it reduces their independence and self-reliance. Others may feel both empowered and limited at times. Marriage is a so complicated and special moment that it is difficult to make generalize. Where people feel trapped or not prepared to leave a relationship, it may be due to love. Love can force some people to endure hardship and suffering even as they die, and no matter how you advise this group of people, they will not listen to you.
269  Other / Politics & Society / Re: POLITICS AND LIES on: March 09, 2024, 01:21:50 PM
For me, politics and lies go hand in hand. Because one cannot function without the other, they both performed admirably. Politicians desire and value power; they will go to any length to obtain it. Politicians use lies to acquire or maintain power. Social media is also a tool for improving political honesty and transparency. This means that the media disseminates knowledge about politics and their actions, allowing individuals to recognize partiality when assessing sources.
270  Other / Politics & Society / Re: Equal society is possible.... on: March 09, 2024, 01:00:55 PM
Human nature full of greed and selfishness will not permit Equal society devoid of class, class as been part of the  society, it can never be eliminated in nor no time, we have to live in harmony and peace, regardless of the class, this the only equal society that is visible if we all work toward it.

In this society where the poor see no good things, the Rich get richer, classes society is not possible

That is a pretty amazing viewpoint! So you're implying that human nature's greed and selfishness make it harder to build a society that is equal. You also believe that class inequality are an inevitable component of human society and that attempting to eliminate them is impossible to achieve. Instead, we should work to create a society in which everyone, regardless of class, can live in peace and harmony.  This requires the government to spread wealth more fairly, as a greater number of people own a greater share of the wealth while other people have very little, and kids born into poor households are less likely to have the resources they require to be successful.
271  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: March 09, 2024, 09:56:21 AM
Losing is a component of gambling; if you lose when gambling, it's necessary to take some time to look back and examine what went wrong, which means reconsidering your gambling method and making a few changes. Setting a loss limit reduces the amount of money you can put into your account. If you find yourself continually losing money. There is exclude yourself, which allows you to remove yourself from a particular platform of gaming for a particular period of time. However, realizing that losing is a part of gambling may be useful in situations such as having a large number of losses or emotional loss, and you must learn from your mistakes.
272  Bitcoin / Bitcoin Discussion / Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands on: March 09, 2024, 02:12:45 AM
[edited out]
Sometimes people caught up on fantasy that they can earn once they trade and became pro but they forget to know that it need full time or full attention so if they can't put their presence on their trades then there's a high chance for them to lose. That's why its never recommended for the to do it and that means trading is not for everyone. That's why there's other option that can take by busy persons or regular dudes which it doesn't need heavy technical skills and the only thing they can do is to have some plans for future then accumulate then wait for many years for bitcoin to increase its price. Although there will be a lot of challenges but if they gain experience for doing it and financially prepared for sure they can be successful on their HODL plan. At early stage of their career trading is been introduce for sure these guys will realize that to hodl bitcoins is more better option rather than trading it regularly.

Well if the trend of bitcoin is generally up (which surely seems to be the case from history and there is no real evidence that it is going to stop), then if you are selling and waiting for down, you are just being greedy, and the down may or may not end up happening, but if the trend is generally up, then there are decent odds that the down won't happen, and you will end up selling too much too soon, so even if you had gotten lucky on several occasions, it may ONLY take one time of bad luck to wipe out all of the prior gains.
Absolutely! Bitcoin's history has demonstrated that its price can fluctuate dramatically. While the overall trend has been upward, this is not guaranteed to continue indefinitely. Attempting to time the market by buying low and selling high may appear to be a wise decision, but it is ultimately a gamble. You might be lucky a few times, but one bad call might wipe out all your winnings.

Investing in Bitcoin should be considered a long-term plan. Focus on the larger picture rather than attempting to predict what the price will do in the short term.



So people can do what they like, even dumb things and even screwing up a mostly HODLing and accumulating system that is bound to be considerably profitable.. but for some reason, part of the problem is the desire for even more profit than is already likely to happen through following a more straight forward strategy.
You're right! When it comes to investing, especially in a volatile market like Bitcoin, it's all too tempting to become greedy. People can become so focused on the prospect for large profits that they lose sight of the larger picture and make decisions based on emotions and FOMO rather than logic and strategy.

The irony is that by attempting to time the market and earn even more money, many investors wind up missing out on returns that would have resulted from a more disciplined, long-term strategy.


Surely during times like this many of us feel better if we had already bought and accumulated bitcoin, yet we might feel in a kind of dilemma if we don't have any BTC or we don't have many BTC, so in that regard, we end up being forced to buy if we want to benefit from the possibility (and probability) of more UP - even though psychologically it can be a bit difficult to establish a stake.  At the same time, once one establishes some kind of stake in bitcoin, then they are at least more prepared for UP than they had been without a stake..
Buying and holding Bitcoin can be a bit of a mental balancing act, especially when the price is rising. On the one hand, not owning Bitcoin may make you feel like you're missing out on possible earnings. On the other hand, it can be difficult to make the decision to buy in when price is already high. That's why it's important to remember that Bitcoin is a long-term investment, so we should always try to see the broad picture. Purchasing and holding even a small amount now could yield significant returns in the future.
Once you've purchased some Bitcoin, you'll likely feel more invested (literally and figuratively) in its future success. This can result in a shift in mindset—rather than fretting about short-term price fluctuations, you may begin to think more long-term, paying greater attention to industry trends and potential new Bitcoin use cases. You may even find yourself delving deeper into the realm of bitcoin, learning about it and blockchain technologies.

Essentially, purchasing Bitcoin can begin a path of discovery and growth that extends beyond simply holding a piece of digital asset.

If someone does not believe in bitcoin, then they might not feel FOMO or even really realize how much they are missing out until several years later, and sometimes it will be necessary to really point out the difference between investing in bitcoin versus other kinds of investments that they could have made before it might start to sink in that bitcoin would have had been a better investment.
People who aren't convinced about Bitcoin may not see the potential benefits right away. It's like trying to persuade someone who has never had sushi that they are missing out on something incredible—they may not understand until they give it a try. Even yet, the lighting moment may take some time to occur.
As a Bitcoin lover, it's heartbreaking to see people miss out on possible income and benefits. However, keep in mind that not everyone will immediately join the train. Patience and education are crucial when it's comes to telling people about Bitcoin.

Spreading the Bitcoin gospel can be difficult, but patience and education will serve you well. Not everyone will get crypto fever right away, and that's fine. But if you persist with it, you might be able to show others the potential of Bitcoin and why it could be a good investment.
Consider it that you're not attempting to force anyone to use Bitcoin; you're simply planting the seed of an idea. With time and exposure, that seed may blossom into a greater understanding and interest in Bitcoin. And who knows. They may even thank you for showing them the light of Bitcoin
273  Local / Nigeria (Naija) / Re: Think security first, before you invest on: March 08, 2024, 04:06:24 PM
Investing na long term something, no be as you just enter, person don they rich fast fast, na small small person go they dey take to progress. Remember small small and jeje life continues but risks them they am o, e no really they easy as you they see am or as we they hear am o, yes money they am but person go first safeguard emself first before person go invest that is, person go first learn the things involve like tolerance, to know when person go comot e money or know when you supposed continue or not, secondly na patience, to get patience really matter o, especially when you see as the market dey be, fear go dey enter body, u go comot am wen u no supposed comot, and wen you come see the progress, you go come later regret why you comot am. Etc.
274  Local / Politics and society (Naija) / Re: The high cost of living in nigeria. on: March 08, 2024, 03:52:00 PM
The way things be ehn for Nigeria, the cost of things dey very very high, high cost of food, transport don turn to something else, if person no they careful, person fit mad or die self for how things they carry cost, person no fit chop bellefull again, and where person no supposed trek waka go but as transport don over cost, people they trek am go. Na God dey really sustain e children and na e make to only get one source where money they come from dey bad, because as e be now, so if person no double e hustle, e go bad well well, to eat go be war or to get small thing wey you dey use they sustain yourself.
275  Local / Off-topic (Naija) / Re: Use your opportunity wisely. on: March 08, 2024, 03:41:54 PM
Sometimes too, we should just learn never to work with people for a lifetime because it's not everybody who always has the patience to tolerate the harsh and unfriendly attitude of other people. Some business owners (managers and directors) can be very annoying and too bossy, and if actually a staff member would have had any good opportunity in that company, the attitude of the manager can make the staff lose patients in the job and just be quiet. People react differently to situations. You might see an opportunity as a favorable one for you, while it is a very stressful and unfavorable situation for another person. 

From the story, you did not mention why your friend stopped the work at first, but from what I understand, it seems the boss was so rude to him. Like I said before, most people cannot endure the harshness of other people. Your friend might have been humiliated in a way you did not like and probably decided to quit. He was saving himself from emotional stress. 

Absolutely! Sometimes it's just not worth it to put up with a bad workplace or a supervisor that makes your life miserable. Your mental health and well-being are far more essential than any work, and if your friend was being disrespected or abused, he would understandably want to leave.

I believe the lesson here is that not all opportunities are created equally. Working for a company may appear to be an excellent opportunity on the surface, but if the culture is toxic or the boss is a nightmare, it is unlikely that you will want to stay.
276  Local / Nigeria (Naija) / Re: Be Creative And Not Formulative on: March 08, 2024, 03:02:42 PM
Na true, person need to dey creative because as e be like this for us, that is as things be so, problem here and there plenty, if we dey creative we go dey help people in one way or they other like to use am create job opportunities for people wey no get any source of earning or to they take care of themselves, also with that means too, we fit they impact knowledge they give other people so that them fit learn too to help themselves and the society, rather than being formulative because as the economy be like this for Naija, to get certificate no really matter o, because even if you get, to get job go still dey hard and e no dey really pay o and go dey only dey rely on monthly salary but when you dey creative, you fit they work still dey use your hand work as side Job, by like that things no go too hard for you.
277  Economy / Trading Discussion / Re: Kindly Share your trading Stategy. on: March 08, 2024, 01:14:06 PM
Flexibility is necessary for adjusting your trading strategy according to changing market circumstances. Consider fluctuations in the markets, quantity, and recent developments that may affect the market.

 Continue learning: Keep up with the newest news and trends, and don't be afraid to explore new methods or products.

Technology is your friend. Use trading tools and technology to help you make informed decisions and track the market in real time.

 The handling of risks: Always assess your risk tolerance and control it using tactics such as stop losses and position sizing. So, with all of this, we can't afford to lose much money on our trades.
278  Economy / Trading Discussion / Re: When is the best time to trade a Bitcoin on: March 08, 2024, 12:51:39 PM
exchange Bitcoin during market open moments can be an unpredictable endeavor, with increased unpredictability and quantity of trade usually resulting in greater opportunities and risk factors. While liquidity tends to be more powerful during these times, keep in mind that prices may change fast and in unpredictable ways, so it is important to be alert. And Bitcoin tends to move more at particular times of the day. These methods include holding positions over a longer period of time, such as a few days, weeks, or even months. This enables traders to ride out short-term instability while profiting from for a long time shifts in markets. Asking the people who trade on Bitcoin can also be beneficial.


279  Economy / Trading Discussion / Re: Please don't liquidated yourself on: March 08, 2024, 12:37:31 PM
What you said is actually not far from the truth, high leverage is high risk high reward, but many only look at the reward position forgetting about the risk involved. Your example though isn’t clear but will tell you that risk management is the one thing some traders lack that makes them to get liquidated. Make sure your position size is large enough to cover for the trade. Many people that get liquidated hardly set stop losses and some that set do not look at the price they will lose when the stop lost should hit.

What you provided in the post about bitcoin is like a swing trading which I wouldn’t advise a small trader to go into. Better still calculate your risk to reward and then divide the percentage with how much you can afford to lose and set your stop lose with that amount. Do not just go and set stop Loss like that you can get liquidated even before it hits. Divide your account position in such a way that even if you hit 10 stop loss you wouldn’t get liquidated or better still stick to isolate margin if you can control that

You are completely correct, 💪. Risk management is the trading industry's superhero. It is not a one-size-fits-all method; each trader's approach differs depending on their knowledge, risk tolerance, and their financial goals. The secret is to establish your risk level and strategy size, then set your stop loss and leverage accordingly. Don't forget about diversification—spreading your money across many different investments and methods of trading can help minimize risk. Swing trading with Bitcoin may be too risky for some traders, but if you're knowledgeable about trading technical analysis and have a sound risk management system in place, you can try it.
280  Economy / Trading Discussion / Re: The best decision you can take on: March 08, 2024, 10:22:52 AM
So far, the best decision I can make is to recognize and manage the risks associated with trading. This includes things like setting prevent losses and ensuring that you do not take on too much risk. Knowing how to manage risk additionally contributes to decreasing fear of trading since you will know that you have an arrangement in place to safeguard yourself. Also, I'm educating myself by learning or doing as much research as I can and asking questions to those who have been there before me, which means individuals who have done the best and already understand what's involved.
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