One thing I noticed is that with big capital, you tend to stretch yourself thin amidst various coins that you should not have been in it in the first place. When your portfolio has lots of cash, you will need to be more cautious and discipline as you might probably let your guard down and trade more than you should learn!
It's not every time a trader has a lot of capital, it seems to be a win for him. There's still a need to be good at picking his coins to trade. Many terms and strategies can be done like the eggs and baskets but it's not always all of the time that too much diversification is good. Indeed, there is no guarantee that trading with a large amount of capital will get a big profit too. Because trading is not easy, need good analytical skills to predict price movements in the market and also need to choose the right coins for trading. Choosing the wrong coins can lead to losses, so not always trading too much diversification is a good thing to do. Therefore sometimes it is better to trade with small capital and only use 1-2 potential coins, compared to trading with large capital with lots of shitcoins there is a possibility of experiencing losses. It isn't easy. And in fact, there were more that are losing bigger than winning even if they have bigger capital. There are strategies that can prolong that and at least make profit out of it. |
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One thing I noticed is that with big capital, you tend to stretch yourself thin amidst various coins that you should not have been in it in the first place. When your portfolio has lots of cash, you will need to be more cautious and discipline as you might probably let your guard down and trade more than you should learn!
It's not every time a trader has a lot of capital, it seems to be a win for him. There's still a need to be good at picking his coins to trade. Many terms and strategies can be done like the eggs and baskets but it's not always all of the time that too much diversification is good. |
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Things are coming back but not normal for most countries but we have to keep going especially for people that are living paycheck to paycheck and relies their food supplies with that.
Agricultural activities were never really impacted because the rural areas fared much better when compared to the urban areas, as far as the pandemic is concerned. And now most of the governments are opening up the economy, despite the recent spike from delta variant. They are of the opinion that the damage to the economy (if lockdown measures are implemented) will be much worse than the damage that the virus can cause. But I would differ. Even now, it is not safe to return to the offices. Yes, those people and communities that are in rural areas have been well to neutral with their lives while they're dealing with the pandemic too. It's not that bad as the people in the cities. For the coming back of jobs, there's a flexible idea that has been implemented since last year about skeletal force and working at home. Well at least with these flexibility, they can come up with something to provide and can still bring food to their tables. |
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Same in the case with me many times, I had been failed in trading doing and buying the shit coins that has so many news but some time they didn't reach to their gaining position because in trading every thing can be possible at a level we didn't even think about that. So, I prefer you not to lose hope ever.
It's because those news were just for hype. I've been into that type of style before but it didn't do me good and that's why I just stopped following those news. It's better to buy during the rumors and just sell on the news. That's more effective. |
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This problem is caused by this epidemic. The scale of this virus is huge and unprecedented. Not an epidemic but vast than that and yes, with that scale it's a pandemic. The virus prevents us from working normally. There will be problems in natural food. This virus not only affects us humans, but also animals, restricting us. The efficiency of work leads to a shortage of goods, and natural prices will rise.
Things are coming back but not normal for most countries but we have to keep going especially for people that are living paycheck to paycheck and relies their food supplies with that. |
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The pandemic made the economy run slowly and agricultural production in my country became difficult, the extreme weather that occurred in the dry season since the beginning of the year made many farmers fail to harvest so that the price of food skyrocketed, this is a serious problem so the government's active role is needed to keep food prices stable.
It is because many have been stopped and ordered to stay at our homes. So usually those that are in places that are too crowded, just can't go outside. But for agriculture, I think that they're free to do so since most of the lands are from crowded areas and cities. But where the slow down started is because many have been laid off with their jobs and don't have much money to spend which led to those agri products to oversupply and yes, the weather is the biggest factor too. |
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What are the most recommended methods that one could use to Understand trading?
Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses.
It is true that having little knowledge is dangerous because you'll lean on that knowledge and you'll think that you've got enough. This is why, before entering the forex market, one should get a thorough understanding of the subject.
But this isn't the forex market but a bitcoin or crypto market and a bitcoin forum. |
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We don't really know what will happen in the future. All I'm hoping is that it will continuously reach its highest price and people will continue believing it.
There's no doubt that people will continue to believe in bitcoin. It is there to stay and that's the assurance that we can have with it. And reaching peaks continuously, it will and just a matter of time til' it reaches again another high price. |
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Considering that the world is confident and strides towards digitalization, the rule "the sooner the better" applies here. I myself started working in this industry at about 21 years old.
You're in at good timing. And talking about kids, I agree with you that we should teach them as soon as possible because it makes them open to the world of possibilities and potentials about their future career. They will be more open to the technologies and trading because it's going to be a broad relation with how they profit. |
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I've heard of that news that many exchanges are bound to be closed because of government ruling.
Well, those sources that has been dropped on this thread makes it valid as a news but about people telling don't buy on September. It's none of their business and it is you to decide when you buy.
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COVID-19 virus is a serious virus in 100 years.After one year later we are in 0 position because vaccine is no available in the world .in our country 7% people were vaccinated when 100% were vaccinated then we can expect a good news from pandemic. world is Struging by COVID-19 virus. We need wearing of masks, maintaining social distancing.etc avoid COVID-19 virus.
Vaccine is available but many of them are still in trial phase but it's said that it helped the immunization of those who took the shot. But there's also those people that have ended sadly after taking the vaccine. It's not for everyone and now that we're about to approach the 2nd year of dealing this virus, people are about to get used to it with the new normal. In my country the vaccine stage has almost reached 70% by trying to increase immunizations for the immune system but will eventually become fully vaccinated because this is mandatory. But will the trial phase or after this vaccine be a good thing? considering that from now on there are people who always do not believe that the vaccine is not effective? But the right thing is to maintain body fitness and live a healthy life to avoid Covid-19. I think that there's positive outcome with this trial phase. There are many doses that have been given to people from different vaccines. And in some countries, they have a lot of people that are fully vaccinated and that led them to have no mask and almost went back to normal living. |
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Everyone is excited with what's going to happen after the adoption of El Salvador to bitcoin as a legal tender.
Let things happen and let's wait what is with them since they're just at the beginning of its adoption and let things come naturally.
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That's a projection not until majority of the people of El Salvador are already versed using that app and as well as with bitcoin.
There's still an on-going familiarization with many of the people there because they're still new to it. But time will come and yeah, that projected loss from those known money transfers will happen.
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I think putting resources into bitcoin would be more valuable than any property or real estate.
It may seem to be true but owning these tangible assets is still needed by everyone. You need to sit tight years for the benefit in real estate, while bitcoin takes just barely months.
You can do short-term investment with bitcoin with trade, while real estate is pretty sluggish.
I heard numerous individuals sold their properties just to put resources into bitcoins so plainly individuals consider bitcoin more helpful than some other speculation
The risk for these two assets are really different but if you're someone who's too patient with bitcoin, you choose it. But if you have allotted money for real estate and you'll use it for rental income. It's a good source of passive income while it appreciates its value too. |
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You also need to build on how well you know and what the practice is.
Practicing it is a must and that's what you have to do when you're making your own strategy. As you adapt with the changes, you need to have understanding on how it well works. Whichever works for you once you've come up with a strategy, test and see how effective it is with your trade style. |
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I would say first of all if you have bitcoin then you must hold on Because various experts think that Bitcoin will be in the last one million dollars by the end of 2021Those who have given all these news till today have met the morning news target.That's why I say don't sell if you have bitcoin. Try to hold on as much as possible
No. It's not $1M by the end of this year but it's $100k. Probably you've heard another prediction that's too much. But it's $100k which is the price that's being predicted by many that shall happen this end of year. |
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COVID-19 virus is a serious virus in 100 years.After one year later we are in 0 position because vaccine is no available in the world .in our country 7% people were vaccinated when 100% were vaccinated then we can expect a good news from pandemic. world is Struging by COVID-19 virus. We need wearing of masks, maintaining social distancing.etc avoid COVID-19 virus.
Vaccine is available but many of them are still in trial phase but it's said that it helped the immunization of those who took the shot. But there's also those people that have ended sadly after taking the vaccine. It's not for everyone and now that we're about to approach the 2nd year of dealing this virus, people are about to get used to it with the new normal. |
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There really are those countries that relies mainly on what's with their country to generate income not just for the government but as well as for their citizens. Countries that are like that mostly are the small countries.
But the majority of the countries have different source of income and they're now exploring new things. Like in the Middle East, they're known to be the center of oil refinery but as soon as they've assessed that the oil's not going to have unlimited supply, they're now also expanding with tourism and other stuff.
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Ive never considered abandoning trader because of any reason. No matter how much i loss, i always look forward to make them back.
You're persistent. Despite the difficulty that you're experiencing as a trader, you won't give up. Well, you can have other option if you keep on failing as a trader. You actually don't have to quit it but just leave it. Yes, you are very persistent. because most of the common mistakes that are usually made when trading is to give up when accepting losses, even though the losses that occur will be a valuable experience for them to be better in the future. and loss is a risk that must be accepted by traders, and make failure or whatever it is as your motivation to become a successful trader. Stay positive.  Staying positive is good but don't just overlook and have too much of it. There's also a time that being too optimistic will push you harder even if you're already seeing the negative on it. Those losses will always be a part of your wins and lessons that are with it. |
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Not really.
What you need to become successful is more of the wins with your trade. That's what success defines for me and even you're a full time or part time but you've got more wins.
Then that's it.
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