Reasons why they get it all wrong when trading I think lack of knowledge, greedy plans, panic, impatience these are few main points which makes a wrong decision. 🙏
All of those are true. I did most of those before and still some of it are still being done like being impatient and panicking. But it's not worse than before because I can manage to get close to my plans and follow it smoothly. Impatience and panic are things that everyone must have done, and indeed these two things make us finally make the wrong decisions and experience losses. That's why the importance of controlling emotions and always planning before trading is something that can prevent us from losing. Because with controlled emotions and careful planning, we should be more patient and not panic when trading. I admit that everyone needs a different process, so they don't panic and can be more patient, so I understand if occasionally you still do that. If it's true you can now experience a change in a good direction, by being able to follow the plan you have made, it is a good achievement. There is a process and time for it. But when someone is still yet to advance and adjust with those factors and still keep on doing that mistake, the problem is on him and there's no way to change that by others but only him. |
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If the company has this option, talk to them and grab the opportunity of getting paid in bitcoin with your salary.
But if there's none, you have to do it alone and convert each payment you make. You look for the exchange in your country that you can freely convert it immediately as you will.
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Because it's simply doesn't have to go through any government owned or produced medium of exchange.
That's why there are governments that are against to it and they don't like bitcoin that much because it's decentralized and against to the likes of the governments.
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Reasons why they get it all wrong when trading I think lack of knowledge, greedy plans, panic, impatience these are few main points which makes a wrong decision. 🙏
All of those are true. I did most of those before and still some of it are still being done like being impatient and panicking. But it's not worse than before because I can manage to get close to my plans and follow it smoothly. |
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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. |
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however, in fact, this doesn't give a significant influence on the price of Bitcoin itself.
Sometimes it does, just like what happened recently. But that effect did dried out quickly and we've seen that the price really had dropped too much after these news including the tipping in Twitter. It's not all about a single news that comes that influences bitcoin's price. |
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I am not quite certain what will it takes to join genuine exchange bunches except if you're welcomed or if nothing else realize somebody exceptionally near the gathering. I surmise that in case that isn't worth in light of the fact that occasionally, that gatherings get the data from another gathering, so they just offer the data into their own gatherings and they say that they as of now examine the market.
There will be exchange of information of what you should know about the market recently. But honestly, there's not that much information anymore aside from news and analysis. You might even get shilled by some other members that you don't know. |
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Bitcoin fell sharply today, and then the media issued a number of bad news. Although it is not known whether it is directly related to the decline, the market sentiment is not good.
When falling, people like to pay attention to negative news and when rising, pay attention to good news to find a reason for rising.
I think this is the habit of novices and short-term investors.
It's the habit of everyone, new or not. But mostly the newbies are only paying attention to the most recent news that affects the market badly. They don't look at how far bitcoin went from all of those years because they just recently invested. |
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The pandemic continues, new variants are created, the death toll is still increasing, which is a good sign that more vaccines are being created.
I think you have to rephrase these words that I've bold because it's next to the increasing death toll. We have to live with the epidemic because there is no other way. It may take a few more years for the epidemic to be completely reversed. The pandemic forces us to change people's living habits. Change or die.
We're now in new normal and we have to accept that fact and maybe within the next few years, our lives will be back again. Because some countries did it and surely there will be a cure to this virus soon. |
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over time, bitcoin has indeed become very popular, and many people have entered the crypto world, bitcoin is assisted by the internet, and bitcoin actually makes a promising new investment, so it is certain that bitcoin is trending everywhere, like on twitter , facebook, etc..
It became trending not because of those usual attributes that you've said. There were a lot of news lately about it and that's why it became trending on twitter. You can check it for yourself why it became that trendy lately. |
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I remain bullish too.
Just after the official legal tender adoption of El Salvador and there have been whales that probably gifted this to them as a little gift for the flash dip.
Wait for it until it recovers, $52k was the highest as it had recovered maybe it will be more than $55k.
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To become a successful trader, you must have to develop certain trading strategies. It is important for a successful trader to set a stop loss. Investors have to improve their skills. To be a successful trader, you must have a plan of managing your trading. It is most important to have tolerance in trading.
Risk tolerance. That's it. Actually, you don't have to aim for becoming a successful trader, what's better to hear is that you're a profitable trader. Well, that's description is way better but people also describe it just as the same. But everyone has different meaning for success. |
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Will it be?
After sitting for a couple of days above $50k then it surprisingly dropped to $46k. That's a lot of discount for those who are waiting for it to drop somehow.
But with the possibility of heading to $70k, it's huge with this correction, recovery has to happen and it might go back with a higher price.
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Every coin at the top can be good for mid-term trading.
You can start by trading with bitcoin and ethereum, they're the top of this market and they're both good not just long term, short term and even mid term.
You can count them in.
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I have never tried any of the same.
What I'm thinking is about those simulators that teaches you how to trade. Like a game that you can trade cryptocurrencies and trade with play money.
But if the case is about signals and making you enhance as they're offering that service, I don't think that it's going to be effective. There are those trading simulators that you can use for free and it's not about signals but about trading with play money/crypto.
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Acceptance of Bitcoin as a Legal Tender in El Salvador may be good news for the Bitcoin community & Bitcoin Price (even though El Salvador lacks economic power), but it could be bad for the citizens of El Salvador.
Eventually they'll just have to accept that it's co-existing with their cash. What I see on this news, despite being already known, probably look at that positivity that there's the fact a country has adopted it as a legal tender. We all want that and not all countries can do that. |
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If you are good with futures as it's the only one with the highest risk, then do what you think is necessary with it. I subscribed to some analysts' websites, but don't know if it will work, time will tell me the answer.
I read while asking questions,and I think I will gradually become familiar with trading
You'll see if that works for you because many of those analysts have their own way of reading the market but as long as there's knowledge that you can extract from them, it's all you've got to do. |
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If you don’t need money right now then you can hold your buying bitcoin. Nowadays bitcoin price increase day by day.Now bitcoin price around $50k+, 1th month ago it was under $40k+.I Think this year bitcoin price break the all record,. And i Think bitcoin price will be reached $70k+ this year.I hope you can get more profit from bitcoin holding.
Bitcoin just came $51,600. And that's why if you don't need money, just hold it. There will be times that you have to sell for your needs and that's why you only do it if there is a need for you to do so. Speculations are even telling of $100k eoy. Selling isnt always a bad thing specially if the profits you do make will be used on something more important or lets just say that those are just priorities and also you can buyback whenever you do like specially if the price had dipped a significant percentage then you can always get in and go held again for long term. This is what im doing on where i dont really hesitate when it comes to this because im not really minding about money all the time since there are things which cant be bought by money. Dont compromise something important if you do know that you do still have money to spent. True. If you sell for no reason then you did sold for nothing and that's a bad decision. But if you sold and you have a good reason and you need that profit for something more significant. You just did the right thing because you can always buy back. |
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If you don’t need money right now then you can hold your buying bitcoin. Nowadays bitcoin price increase day by day.Now bitcoin price around $50k+, 1th month ago it was under $40k+.I Think this year bitcoin price break the all record,. And i Think bitcoin price will be reached $70k+ this year.I hope you can get more profit from bitcoin holding.
Bitcoin just came $51,600. And that's why if you don't need money, just hold it. There will be times that you have to sell for your needs and that's why you only do it if there is a need for you to do so. Speculations are even telling of $100k eoy. |
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These panic sellers are probably aiming for a short-term gain; if they are confident in their investment, selling won't be their choice.
In some cases, they might find some projects with potential that they want to move into. There's no problem about it, as long as they do it practically.
They don't. Those who are panic selling aren't for the gains but they're for the cut loss. They usually do that when they see the price goes down but for some chances, yeah, they might be up for the profit. But that profit is defeated by a long term holder. |
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