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261  Economy / Trading Discussion / Re: When Trading becomes Unfavourable on: September 12, 2023, 12:29:06 PM
By using stoploss plus, it can give us the opportunity to get better profits, and if it doesn't go according to plan then we will still make a profit. in this way at least it can lighten our mental burden so that we can still think positively. actually no one knows what will happen to the next market so we seek security in trading, and that way we can control the feeling of greed that often arises, where it can have bad consequences and damage our psychology
The function of stoploss is to set a limit at a certain point on the assets you want to invest in so that you can minimize losses in the market and this is very often done by investors. Because the application of stop loss is only for those who are able to withstand losses at a certain price point so that the losses are not too much, it is clear that it will not be bad to use because an investor can determine the burden of losses that he will bear himself. Because in terms of profits, of course everyone is always ready to accept them well, but in terms of losses, I think not everyone is able to accept them at a certain point.
262  Bitcoin / Bitcoin Discussion / Re: My Preparations for BTC Halving and bull market on: September 10, 2023, 11:05:25 PM
A link doesnt automatically imply a causation. Geopolitical events, technological improvements, and market sentiment can affect market movement. Your prediction about bull runs' uncertain future is correct. Even though the Bitcoin halving event and timing are known, tying it to a bull run may be too straightforward. Bitcoin is a volatile market with no algorithm or formula that can predict the future. Thus, investors should only risk what they can afford. Can you explain how buyers should prepare for these unknowns?

Being prepared to face the unknown is being prepared to withstand any risk if it comes in the future, because as you said it is also logical enough for investors to understand, where they only have to take risks based on the abilities they have. It doesn't make it forced, because this is about market conditions whose certainty is still unknown even though there are many people who already know what events can affect the market and you have also mentioned some of these things.

However, things that have been predicted can still change because as we know, price and market predictions are initial guesses from research by experts and also each person based on what they have experienced before, although there is no complete guarantee that this will happen. -Things that have happened can be repeated more easily in the market because we are always in different years with different events, even though the names for each event may not be much different.
263  Economy / Economics / Re: Are you risking investment in other things? on: September 10, 2023, 01:29:12 PM
Diversification is a key in avoiding bankruptcy.
every investment is risky, you make plans to be able to succeed. Bitcoin or any other investment.

Real estate in the country I live in is dirt cheap. The population is kept moneyless.  So the theory.

It is quite a shame if cheap real estate is not put to good use because it is an opportunity to make a profit in the future. But when money is the obstacle, it can be very difficult to get real estate even at a very cheap price. And when that happens in your place, I think the people there must feel a little regretful when they don't have the money to get it.

So I think the key to avoiding bankruptcy is really necessary because this is also part of how to save money in life. And it can help everyone who is struggling in a business to become better because people in your place should be able to do that in order to be able to invest in several things and save to be able to get other best assets such as buying real estate at prices the cheap one, because in my place it is very rare to find real estate at an affordable or cheap price.
264  Economy / Speculation / Re: How do you suggest I handle incorrect price predictions? on: September 10, 2023, 02:43:18 AM
The goal is not be correct in the market place, The goal is to make money. Remember that. Specualating price prediction is very far different from trading. As you know basic trading, there most of the time quarterly shifts, but it doesn't mean it will go to that direction. Not because price is going higher, it will go higher directly! so that oether than price prediction also predict the WHEN it will be trading.
What you said is quite simple and easy to understand because you stated that price prediction is something that is very different from trading. I really agree with this because as we know that trading is only part of the way to make a profit through the market, while predicting prices is everyone's way of seeing the potential profits they can get when the price is at a certain level. And this is of course very different from trading in a matter of days because price predictions are usually aimed at several months, not just one day. So it's quite clear what you are saying.
265  Economy / Economics / Re: Building wealth it's not just one time Luck on: September 10, 2023, 01:25:59 AM
Building wealth first demands you focused on a knowledgeable form of investment, capital to kickstart
and your readiness to eliminate your expenses savings at unecessities then it demands your energymatic determined hardworking of the potentialities to make incomes and then it demands your top up to reinvest upon investing more like the thought of making a long time goal.

Someone who wants to build wealth through investment must have better focus so that they can carry out the methods they take more consistently. Because as long as the methods and efforts are correct and continue to be done consistently, the results will definitely be clear, even though sometimes they will not immediately match expectations.

Building wealth for yourself is not easy because basically you have to have help through more knowledge. Not to mention that when someone is going through the process, he will encounter various challenges in his life so that he has to think harder and wisely so that he can face these challenges well enough and not lose his focus because of this.
266  Other / Off-topic / Re: Everybody WILL hear the letters BTC. on: September 10, 2023, 12:06:36 AM
I live in a locality called MINAMA, in Rivers State, but a few days ago I traveled to a state called BAYELSA. When I reached Bayelsa, I saw a taxi that was writing BTC taxi and I was wondering, how? Why was BTC written on top of the taxi? I was beginning to think that the government of Bayelsa state had accepted BTC, but to my greatest surprise, it wasn't for Bitcoin, but an abbreviation of a sentence (But that doesn't mean anything).
If the BTC written on public taxis is not the abbreviation Bitcoin, it could mean the abbreviation Bayelsa Taxi Club. Only in that case you might think more of Bitcoin when you see the abbreviation BTC on some of the taxi cars there, so that's why it's important to research first before immediately judging what we see in the current world.

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The reason why I chose to bring this thread here was because I believe that the government don't want to do with anything called BTC (Bitcoin), but I was surprised to see the state government put the sign of BTCBTC in their state taxi, not just one but about 100 of the taxi he bought.
It probably wouldn't mean anything to the people there if the word BTC had been on the 100 taxi units for a long time because the people there would think the abbreviation BTC was for the taxi group, not Bitcoin. So it is also necessary for several people to inform and direct the people there so that they don't immediately think about taxis when someone mentions BTC, which you have also experienced when you see the abbreviation BTC on 100 taxi units which in your mind is Bitcoin.

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Although the government doesn't actually mean Bitcoin, as long as the letter BTC is theirs, it also means Bitcoin, and moreover, this BTC sign will also help spread the awareness of Bitcoin in that state, so every ear must hear the letters BTC. The old and the young will hear about it, so when Bitcoin will start pumping that everyone will be in a rush to join, nobody will say that he or she didn't hear about BTC.
If no one tells them that BTC is Bitcoin, then those who are there will always think that BTC is a taxi in their own area. So it would be better if there were people who wanted to give them a special understanding of Bitcoin so that they don't just think of taxis when someone says BTC in front of them. Because as long as no one wants to tell them that BTC is Bitcoin, then they will always think that BTC is an abbreviation for Bayelsa Taxi Club which was built by someone there.
267  Economy / Trading Discussion / Re: My experience as a beginner trader on: September 09, 2023, 10:21:53 PM
That's it there, you never quit rather you took some rest. It's normal for both newbies and even professional to take a break from their trades ,some even set up the number of days and pseriods they ought to use for trading in a week  in which when elapsedthey stay out of market entries.
It is more appropriate to say that it is a pause or short break before starting trading again in the market, because if it is said to stop, it might be understood as something different than just taking a short break in trading. And I think taking a short break is necessary in order to be able to organize everything necessary for the next trade on some coins that we like, but I would not call it a stop because stopping is not a wise option for traders who already know how and have often experience profits through trading.

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However,  they never quit instead they did take some breaks.So, You can also take breaks from your trades either you are winning or losing
Taking a break for a while is very common if it is deemed necessary by some part-time traders, but they will never stop with their activities as long as they still have the potential to make a profit with their trading. Moreover, some traders really like to use several exchanges with several methods that they consider reliable for trading, of course they will find it difficult to stop trading.
268  Bitcoin / Bitcoin Discussion / Re: Bitcoin obsession! on: September 06, 2023, 10:10:09 AM
I think bitcoin obsession is not bad as long as we continue to benefit from investing in btc, I think most people become obsessed (addicted or like) with bitcoin because they have experienced the benefits that can be obtained from investing in btc. sometimes at first our become obsessed with btc because our see other people who are lucky because they invest in btc. until finally learning about btc and successfully investing in btc and getting profits and finally becoming obsessed with btc.
Even though your explanation is too convoluted, there is a gist that I can understand about this. It is in seeing other people who benefit through Bitcoin investment, so that it can be an encouragement for us to like Bitcoin and try to continue to be obsessed with Bitcoin. And finally we also want to try investing in Bitcoin with all the abilities we have now, but apart from the obsession that is born it is based on the profits obtained by other people. Over time, we must also have another obsession to continue to study things related to Bitcoin so that our power to like Bitcoin can be even greater in the future.
269  Bitcoin / Bitcoin Discussion / Re: presuring someone into Bitcoin investment on: September 06, 2023, 09:39:12 AM
I will advice such method should never be repeated, forcing her is more of putting her life at risk, it is better to introduce it then let her find reasons by herself. If there was a crash after that investments, I hope you know the health condition you would have thrown her into and the  thousands of blame that will be on your head. As new beginner, investing what you can afford to loose is the best, profit should not be the priority if one can not manage the loss when it happens

In analogy, this is true, because when someone wants to do a job without any coercion from other parties, he will definitely be very comfortable doing it and will accept every consequence. However, profit will remain his priority because that is the main goal that must be achieved after going through several things before it is achieved, because the problem of losses that might occur in his work is clear to him and he is also definitely ready to face it.

Coercion of any kind is not good, but it also won't affect someone's life if the work is for the crypto space or Bitcoin. Because those who have wise thoughts, of course have thought about the risks that could occur so that they will be sufficiently prepared for this and will not be surprised when it comes to them, and their health will also be well maintained.
270  Economy / Economics / Re: People keep talking how weak dollar and how bad usa economy getting on: September 06, 2023, 09:09:42 AM
In fact, what we observe with the current situation, the unemployment index, employment, output, ... refers to the general context of the economy is very difficult, the position of the United States over the years. Recently, it has been struggling with its strong rise in the mid-terms. From the time of the epidemic, to other notable international issues, many large countries are wanting to separate from US control in the economic aspect. I do not expect the competitive scenario to lead to war settlements, but still hope that economic transformation and change will make the countries harmonious, no matter who's economic status, it would be great if they worked together to help people overcome difficulties.

Generally, each country will only care about the economy in its own region because any country will not always have the heart to see the condition of its people who always live in difficulty. The United States itself also still wants to maintain good relations with many countries, especially countries that have production raw materials that can be used as their capital to continue running factories and companies producing ready-to-use goods.

This means that unemployment, jobs and people's permanent income can still be created when large companies and factories can still operate as usual so that not many people experience difficulties in the economic sector. Because every country will continue to collaborate with related parties in order to continue with better development, even though it is slower because they have to face difficult conditions like now.
271  Economy / Speculation / Re: $30000 is becoming the resistant price on: September 06, 2023, 08:45:05 AM
In general, it is said that the price of Bitcoin falls in September, so there may be new buying opportunities. I want September to be good. They say the price will fall to 20k, but I don't think it will. There are two possibilities. If the price falls to 20k, it will be a buying opportunity. If the price continues at this level, we will have a good start to October.
Totally agree, because I also don't think that the price of $20K will happen this month or next month for Bitcoin even though there are experts who say that this month Bitcoin will still have difficulty experiencing an increase in market prices. However, I also don't think that the price of Bitcoin itself will immediately fall to $20K, because the rate of price decline tends to be slow and happens slowly. So it can be concluded that this is also based on the existence of support for price resistance at $25K before prices continue to higher levels again on Bitcoin.

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Avoid panic selling when the bull season approaches. There are a lot of people or institutions that want to buy Bitcoin cheaply before the bull season and it can affect the market a bit.
That's true and I also agree that the advice is to avoid selling because there is a feeling of panic in the bullish season. Other than that, for now it's also still a very good buy opportunity for everyone before seeing a strong start to the month ahead. Because I also think that next month there will be a more likely increase in prices than a decrease in prices, although it is not impossible for both of these things to happen.
272  Other / Beginners & Help / Re: Is Bitcoin really risky as they say? on: September 06, 2023, 06:43:58 AM
risk for what? risks regarding liquidity? regulatory risks? risk regarding value? political risks? risk disappearing from the earth?
Grin Grin Grin

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the conclusion is not only bitcoin which can be very risky even safe investment instruments such as government bonds, gold or deposits still have risks too, if you want your future to change then don't be afraid to take risks, so far bitcoin has tested its reputation and will never make you lose unless you do panic selling.

It is clear enough about what you are saying that the importance of knowing the risks in any job has become the main thing before doing any work, including work in the crypto space itself. I also quite agree with the explanation you gave because as long as we don't panic and sell at a low price, then clearly there will be no losses, although the key is to be patient to wait for another increase and waiting and being patient is also part of the risk.

And actually everyone can take risks based on their abilities because if they take too many risks it can also create a heavier mental burden. Another example is when someone wants to invest in Bitcoin with the capital they have without feeling forced to do so with a larger amount of capital. Because when someone who starts to dare to put some capital into Bitcoin for investment, he is also directly able to bear the risk based on the amount of capital he uses.
273  Economy / Speculation / Re: $30000 is becoming the resistant price on: September 06, 2023, 05:22:30 AM
It is not yet seen that there will be an improvement in movement, even though it has been holding around $30K for a long time. In the end, you have to accept the fact that there is a correction so that it reaches $25K, and of course, this is beyond expectations. But indeed, analysts say that September will remain red and there will be no changes that lead to improvement.Even though this will be a correction until October and the possibility of reaching $20K is not impossible, this is good news for those who will buy and will get a good price. Just hold on until the next bull market.
Waiting for the next bull market are people who have previously bought even though it is still quite good if they want to continue buying again now. Because the price of $25K or a little more than that is a fairly low price before the next bullish occurs, especially if the market sentiment this month will indeed be more likely to stay in that price range than excessive correction. Apart from that, there is also speculation that next month there will be a possibility of another correction, but I think more that next month there will be another increase on a repeated basis which is likely to return close to $30K.
274  Bitcoin / Bitcoin Discussion / Re: Government vs Bitcoin on: September 05, 2023, 03:02:46 PM
Governments frequently misunderstand bitcoin innovation.
This impression arises from the disproportionate bans and regulations they enact.
Although occasionally the bitcoin regulations appear unreasonable, I posit that bitcoin is not as detrimental as suggested. Please correct me if I am wrong.

I don't think all governments are wrong in understanding the innovation of Bitcoin now, although in general there are still many governments who don't understand the innovation of Bitcoin. But in fact, I also think that the government already knows how much innovation there is in Bitcoin, even though most governments are still afraid to make special regulations for Bitcoin because they still really want to maintain the state regulations they have previously agreed to.

Actually, the rules in Bitcoin make a lot of sense even though you say they don't make sense, but I don't think so because when a rule aims to make things easier and no one is harmed, it should be reasonable enough for everyone to understand. But if this is related to the government in all countries, of course there must be another special study because each country has its own rules for accepting all innovations and also for making any new regulations that might be contrary to the basic rules that have long existed within the country.
275  Economy / Trading Discussion / Re: My experience as a beginner trader on: September 05, 2023, 02:10:03 PM
Don't get me wrong, I'm not saying they should have the mentality that they will lose first but rather have it in their mind there are possibilities of them losing  and that doesn't mean  they  aren't competent they just have to work on their skill.

A strong mentality will always be born in a person when he has faced many things at the same job for some time. Because to be competent a person also needs sufficient experience and knowledge in trading and skills will not appear by themselves in any case if there is no experiment in trading.

And regarding the issue of losing or winning, I think that is just the final part that a trader will get because when a trader has a way to carry out his trading quite comfortably, I think there will be less chance of him losing. Even though he may also be very prepared when he has to lose, because that is part of the risk, the main thing he will look for is victory, not defeat.
276  Economy / Trading Discussion / Re: When Trading becomes Unfavourable on: September 05, 2023, 01:34:59 PM
Those who have excessive greed for money face loss.  Many investors like to take more risk because they think the more risk the more profit. Which is very challenging for them.  It is never okay to make excessive profits, trading should be sold only when there is a reliable return on capital.  There are many inexperienced traders who do not have enough knowledge about the market, basically they face more losses.  Many people do not want to sell even if there is a fixed profit in the hope of extra profit.  But when they see the price going down, volatility sets in and they sell less than the capital.  For trading there are certain strategies and there are certain signals that must be followed otherwise one can never get good profit from trading.

I think you are just telling the story of what investors who are not experienced or knowledgeable about investing and the markets experience. Because I very rarely find losses in experienced investors and those who like to invest in the long term because they actually already know very well about what assets they are investing in so there is no excessive panic when they start to see price declines occurring in the market. So this does not only cover the greed of an investor, but also concerns how panicked the investor is when he sees a drop in the price of the asset they are investing in.

Indeed, basically all investors have the goal of achieving very high profits through their investments, but what they must understand is not to panic when they see falling prices in the market because this is part of the risk that they must understand before investing. So this level of risk will actually not be much different from the level of profit that can be achieved by each investor, because without taking any risk in any case, there will be no hope whatsoever of expecting a profit.
277  Economy / Trading Discussion / Re: Emotions dealing on: September 04, 2023, 01:21:06 PM
Emotions is a weapon used against traders causing them to move out of a trade untimely which may eventually cost them loss.

How to avoid emotions:
  • set up  a TP(take profit) and SL(stop loss) for your trades
  • Stay away from the particular trade
  • Get in some activity that will keep you busy
  • Do your hubby activities at that moment
  • set up hours interval to check your trade
  • watch tvs and Go for walk Smiley

Note:Some of these might not be applicable if you are into scalping.

Of the several methods that you have explained, there are only three methods that I could possibly use and that I really need to manage my emotions when trading or when carrying out certain trades. The rest is something I don't need, although it's not a bad thing if someone wants to do it, but to the point "Get in some activity that will keep you busy" it will actually make me unfocused when trading. Because I am busy with other activities, my focus can be lost and will not be very regular, because I usually trade in conditions that are much more relaxed so that I can get better focus.
278  Economy / Economics / Re: Are you risking investment in other things? on: September 04, 2023, 10:38:12 AM
Everyone wants to be both safe and profitable, but things will not be so easy. We need to make trade-offs if we want greater rewards. I really recommend that people take the time to learn everything and based on economic conditions to decide the most suitable investment plan for themselves. If we only have a few thousand dollars of capital, diversification is useless. Instead, we should focus exclusively on an asset that you trust the most. Bitcoin will be my choice during this period.

I also still choose Bitcoin as my investment in this period, because I think the current period is indeed more suitable to see Bitcoin and choose it as an investment before the price changes. Profit is the goal and mission of everyone, but this cannot be achieved if the capital is still lacking because to achieve profit, it is certain that there must be capital and also accompanied by wise ways that can encourage us to continue to make good efforts.

Profit is not an easy thing to get, but that doesn't mean it's impossible to get as long as we have the right effort to get it. Even though every effort that has been made still does not guarantee someone will immediately get the benefits he wants because after the effort, the last thing that will be expected is the level of luck that we can obtain.
279  Economy / Speculation / Re: Could Bitcoin potentially serve as a safe haven in the upcoming economic crisis on: September 04, 2023, 09:36:42 AM
There is no safe place when a crisis occurs, many people think too much about Bitcoin, what we must understand is the concept of decentralization such as bitcoin of course also prone to drop when inflation occurs, it is better to save large amounts of assets in trusted commodities such as gold, Land and so on, and making cryptocurrencies is an alternative investment so that it does not make us panic when a bear market occurs.

Prone to crashes doesn't mean it's bad to own because Bitcoin doesn't crash forever, especially as you yourself know that Bitcoin is becoming increasingly popular with the concept of decentralization so that it is liked by many people. And this also makes Bitcoin have the potential to become the best asset in the crypto space which is very suitable as a long-term investment for everyone, although other assets such as gold and land are also not bad to own.

But you also have to understand that Land and Gold are very different assets to Bitcoin so you have to put them in a different place because they are not worthy of being compared or compared in any sector. What I see is that gold is only suitable for storing asset value in the long term because its increase tends to take a long time, while land will only increase if it is located in an area or place that is most liked by everyone. This means that not all land is the same price and expensive, because land that is difficult to reach by residents or the community at large will also be difficult to be expensive.
280  Other / Beginners & Help / Re: Is Bitcoin really risky as they say? on: September 04, 2023, 08:46:23 AM
I find it difficult to grasp the concerns surrounding Bitcoin's risk compared to other assets. If you have a deep understanding of its four-year cycle and can effectively navigate both bear and bull markets to maximize profits, you can effectively manage the associated risks. No other asset class offers such a well-defined and predictable cycle to plan for and mitigate risks.

It shouldn't be difficult to understand the risks in Bitcoin when everyone already knows about the four-year cycle in Bitcoin so it can make it a little easier for everyone to navigate certain moments through Bitcoin. Because when there are many people who want to wait for profits by relying on a four-year cycle, that means everyone has to be very prepared for risks, even though this still has to be remembered and doesn't mean it has to be forgotten.

Only for this kind of thing I seem to prefer what you say because when everyone knows how to maximize profits by waiting for a certain moment as has happened in a four-year cycle. They should no longer think about risk because they already know how to manage it well in order to achieve their ultimate goal of maximizing profits through Bitcoin.
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