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I am a programmer, but not in the field of trading automation, but in forex they use mql5 and others are python. This is what I recommend if you are extremely bored and have plenty of time, but it will take at least 6 months. First, learn the fundamentals. There are 10-week courses available to learn Python and, I believe, other languages, and they will make you a junior programmer at the time you finish. After learning the fundamentals, you should look into tutorials on how to make a bot for crypto trading (I don't have any experience with it, but I'm sure it will be simple for you when you start making your own)
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I am wondering how the OP is getting on right now? I am sure he was busy at the university, is he still able to trade or what? Also, how is he catering to the current bear market? The story of the traders I've known is almost the same; they tend to lose but are eager to try again; they are also breadwinners, so they provide for their families. I salute you on your journey to become independent; please continue doing it, and don't forget to visit or call your mother and father; I am sure they are very proud of you.
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I never allow my bad past experience in trading to deter me from quitting, I had mixed results so far and I am as well gaining more experience in trading in as much as losing a trade is inevitable especially on bad days while I made profits in other days I am working hard to have an edge over the market I will keep on trading because I knew there are better days and more opportunities ahead.
Bad experience, mistakes are things that prepare one for the future, sometimes mistakes helps us to learn fast. I don't think it is right for anyone to hold back to their mistakes. Mistakes should not be a reason why one would want to quit trading instead it should be a reason why people needs to learn more not to make the same mistake. In trading their is always lose and gain, at times we lose because of some mistakes we make in trading and at the same time the mistakes is the best teacher for correction. Every trader has mixed results and it shouldn't deter any good trader to stop trading but what happens is that at a particular time you need to evaluate your number of losses and number of wins and see if you are making a good progress. If you are not making a progress you try to change your trading strategy and also change your management of finance. There must be a place where you have to evaluate your strength and weaknesses, if your weaknesses are above your strength you need to break for a certain time and come back later with a good strategy and strength. Before depositing money in a trading platform, you should first test your strategy. Checking your wins and losses isn't enough because you'll be losing this way; you should first test it in demo account or by looking at the coin's history. Also, always have a risk management plan in place to avoid burning your account, which is one of the most common problems in trading. Your trading strategy will improve over the time when you see the ups and downs in the market and you can now identify if your strategy will work on the current trend of the coin |
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Have be thinking about the importance of cryptocurrency, especially BTC in our society today and the nearest future. And how is going to improve the Society especially our environment and economic.
Bitcoins provide us financial freedom. It literally gives us full control on our own money. Unlike banks where you pay taxes and abide by rules. It definitely gonna leave an impact on the society. Now there are also some features of Bitcoins which are used for bad work by bad people. This also leaving a bad impression regarding Bitcoins on the society. Bitcoins are equally important like the way some people treat assets. Just currently Bitcoins are down a bit. It will grow once again. And governments are using those isolated incidents to try to paint a negative image of this market to the average person so they can achieve a series of objectives, the first one is that they can delay the adoption of bitcoin for long enough to try to figure out how to deal with it, and the second objective is to give themselves and excuse to make moves against bitcoin and to try to force any centralized institution to play by their rules. I just remember seeing a lot of news about bitcoin in our country in previous years when it hit its multiple ATH, mostly the person they interviewed about bitcoin claiming it was a scam because they invested in a Ponzi scheme. I and my friends are laughing at it since they don't have legit sources of that news since those they've interviewed are newbies. At the same time, it makes me angry and sad since the image of bitcoin for those who don't know (first impressions matter) will say it is a scam and we should stay away. They really don't know what bitcoin is or how great this opportunity is. |
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Gold or bitcoin depends on your goals, if you want a safe, low volatility investment and don't need a lot of return, then gold is clearly the better choice. But if you are looking for an investment with a high return and are willing to take all risks, then bitcoin will be the perfect choice over other investments. It would be great if we knew how to diversify these two investments, both minimizing risk and providing the highest return.
Investing in gold should probably be a smaller part of our investment portfolio, since this investment is aimed at preserving our savings, rather than making big and quick profits. Bitcoin can give great profits, but there are also more risks, so everyone must decide for himself how much and in what he wants to invest. Also, there should always be free funds to replenish your portfolio in case of large market crashes. The higher the risk, the greater the reward; it is up to the investor to decide which route to choose. Some will say the high reward because they are not considering the risk that it involves, which is why they lose big because they do not consider both sides since they did not conduct research. Typically, the strategy of the investors I've noticed is to allocate a portion of their money to bitcoin and the remaining percentage to other low-risk, stable assets such as gold. Try to research first and think about which option is best for you, then run calculations and what-if scenarios to help you decide. |
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I'm new to bitcoin because indeed I learned from mid-2020 but in this case I don't really regret what I did because I still feel that it's never too late for this.
That's precisely what I think because regret doesn't bring us back to the past, but let's take that as a lesson and find a way to fix it, so we don't have to regret it in the future. Although the price of bitcoin is now many times higher than when we first learned about it, that does not mean that bitcoin will no longer rise, if we look further into the future, the bitcoin price will be much higher than it is now. So we should take advantage to hold, we can still have a promising future like early bitcoin holders. My point in not regretting being there is when I was just here a year ago because I really thought nothing was too late even though the current price is indeed high but looking at ATH it is clear that this is still a discount so I don't really regret it even though I know bitcoin from mid-2020 . As for what you said it's true, regrets don't take us back to the past but I don't regret at all both it was in the past when I stood with fiat and now in bitcoin because I think this is my experience and I will never regret what I do before because it is my choice. If I regret it, then I doubt myself and I never doubt myself no matter what happened, although indeed I can take a lot of lessons from this. Well said, buddy. If we regret, we are doubting ourselves and not believing in what we have chosen. Many often lament that they missed an opportunity by not investing in bitcoin the first time they heard about it. Even if they had a chance to go back in time and know nothing about the future, they would never buy bitcoin, they regret it just because they already know the value of bitcoin today. And more than that, we have many other opportunities to seize, there is no reason to regret, and regret only makes our thinking obsolete. It is better to be late than never, regardless of the price right now, this is an opportunity for us to try to take (others aren't because they are scared because they don't have any knowledge). You are also not the only one who just registered to be a bitcoiner lol a lot of people joined when it hit multiple ATH and I am sure a lot of them lost some money, while others stayed or left. When we look back at previous years, some people will say you were late, but when we look at the price right now, you will still make a profit, so whether you join now or later, I'm sure you'll make a profit. |
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The teachers, because without the teachers they will not be anything doctor in this word, and majority of the successful people will know today is with the help of the teachers, also majority of a successful farmers we know today is with the help of teachers
Some farmers did not attend school, but you would be surprised at how bright they are; they will simply learn it from others, such as trainings and other farmers who thought to them. Farmers who teach other farmers are considered teachers, but they do this for the benefit of all farmers helping one another. Back to the topic, most of the responses here stated that teachers are low-paid and only a few countries have high salaries, which surprised me because I assumed it was only in our country because we are a third-world country, but I believe it is true for the majority of the countries in the world. |
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It is obviously nothing but all gamblers fallacy. Not exactly gamblers fallacy, but something similar were they believe particular things "brings" luck. The draws completely depends on your luck and seeing a number regularly isn't a "sign" or anything. The guy that won by analyzing those number just got lucky and nothing else. Don't follow those strategies. You will end up regretting.
Had this similar experience when i was young when I dreamed of the local basketball ending in my localities and put a bet in 5 cards and the outcome? i won in all of them. but does this made me believe about this ? nope instead i believe this is just a luck that gives me something. But let them have their belief and let us face our strategy . It is obvious that gamblers will think the way they want to think and there is nothing wrong with that, let them think the way they want to think and just ignore the rest. I personally believe that the best thing we could do is to make sure we gamble in the right places such as Stake and all, and then make sure that we do not gamble more than we can afford to lose and just keep doing that. I have done that in a million different ways so far and I have never been upset like this. Sure I am upset when I lose, but not go ahead and bother the casinos about it, because it's my own money and I was aware what would be the outcome and I accepted the faith. let's just respect anyones beliefs as that is their way to attract luck . I dont know if you have seen a gambler that have a lucky charms since my friends are doing it they have sort of tokens and items that they think its a lucky charm for them, for others they will laugh at it but for us it can attract luck . Lets just respect each other and also gamble what you can afford to lose and mostly play on the casino that is reputable so that you are sure it is a fair casino and also you dont get a problem once you won a game |
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Every market have a bear and bull cycle but crypto field is a young market and highly volatile with large institutes / whales investment and We know trading is a competition then if you sell your crypto in lose it only your fault, So learn the chart history the dump is not happening first time , Take a lot of knowledge and experience that in future is there any situation about to happen you already have an exit plan .
History repeat it self that is mostly what you can hear from the traders because those experienced trader will already noticed that it already happened before though back checking the chart cost you a lot of time but it is a good try since you can predict the possible move of the market. Also strategy is the key since that is where it measure your skills and where you can earn profit, dont forget also the risk rewards ratio and risk management so that you will not lose all of your money |
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5. Don't invest suddenly
This is advice with strong value. Riches can be very toxic and if there are no financial advisors wrong choice of investment can be made. Example, when Bitcoin reached its ATHs many predicted it was going to hit new highs, but the reverse became the case and such scenario can affect how much a wealthy person is worth especially when they depend on crypto investment for their net worth. the recent ATH really the example of a lot of newbies jump in directly to bitcoin its because they think it keeps going but they are wrong . The price drops and a lot of newbies crying in thr social media saying that the bitcoin is a scam. You cant really jump into investment if you dont have knowledge at all because that is a wrong move that lead you to big losses |
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I will wait for those legendary accounts to reply and also those famous in the forum to see if they are really full-time here. I my self i just manage my time to post here and at the same time doing my work . I think those legendary one is that they post here as a hobby that is why everytime they will post but also some they do have other job that their work load is not that much that is why they can still post here. Others also have business because of the profit they got here and in bitcoin.
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Of course we must always be wise in controlling money, when looking at the potential of investment, most people will put all the money there, this is a mistake because it will make them rely too much on investment so that when there is a drop then they panic and sell with a loss condition.
Invest what you can afford to lose and also always dont put all the eggs in one basket so that if it is a bear market you aren't lossing all of your profit you have still back up plan. There is no problem relying on investment as long as it is steady like you are still earning in bear market (but not always) though for safer try to rely on your other investment aside from cryptocurrency as it is really volatile. Invest in stable coins so that it has low risk but still you will expect low rewards on it |
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Take your time to learn and practice how to trade properly without burning your entire balance and you might make more profit in the future.
Burning your account is really part of the experience but let's prevent it by having a grasp of knowledge. Some of us really want to earn a profit in just a night, like they will watch 3 min video of the trading and then start it in the next hour, this won't work in trading as others learn it for a couple of months and after that, they will start to trade but still, it doesn't mean that you will not earn profit but still it is not since you will still build your strategy. That is why take your time don't rush things so that you will be a very well moulded trader in the future |
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I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.
I noticed this also but I think they are choosing their audience since it doesn't mean that you are in rural areas then you will have no internet and battling with poverty, yes some people but still, there are people that are just waiting for this knowledge for them to hear. I my self if I am planning to teach other people, i must ensure that they are capable, like have devices, internet and also can invest if they want to but let's just take note that this is not our main of the source of income, lets just treat it as a side job as it is very volatile and risky |
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Trading is a business and hence should be treated as such.
There are huge difference in trading a real account and that of a virtual account ( demo account), when people trade with de o accounts, they do so without emotions which simply implies that they trade with the assurance that no matter what they play, there wouldn't be any loss to them and at such do those trading for fun and freely.
That is why there are some people who learn to trade they will deposit a small amount of money and start at a low size just for them to feel the pressure and what is the real feeling when trading. But mostly you can see when watching or reading tutorials they really recommend creating a demo account first to test your strategy to see if it is working before jumping to trading. Those 2 options are depending on the trader since there is still a trader that wants to demo first, and others also want to deposit directly money. |
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I am that stressed that I need to take a break after my work (which is so stressful that I am having a mental breakdown, and I am planning to resign soon).
The more stressed, the more we have to reward ourselves, we work for a better life, not try to torture ourselves. I don't know what kind of work you do that is so stressful, it's not good for your health in the long run. Reward yourself with rest days with family and friends after finishing work each week. My work is also very stressful, and I often spend the first day of the week drinking with friends to relax before returning to work. Many people say that time is money and should not be wasted but if we only focus on the work, it can guarantee the quantity of work for you, but it does not ensure the quality of the work, then that will also become meaningless. So, don't neglect work but take time to take care of yourself and reward yourself with relaxing moments. It a remote work, but the client is rushing everything, and the work environment I have now is very toxic. Just imagine that you have a lot of workload same as your superior, but the same salary as the lower one that has a lower workload and has time to make a coffee. It is already Friday here, so I am planning to have a beer for this week, as it is a very stressful week for me. Thanks for reminding me to have a drink by the end of the week, lol |
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Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?
What bank is this? Our bank has only a 0.5% interest rate, but let's say it's 3%. Well, $100K is huge, so my plan is not to put all eggs in one basket, 50% of it goes to bitcoin, and the other 50 is on additional investment such as business or time deposit in the bank so that it would be safe. I know most of the answer here goes to bitcoin since we are in the bitcoin community, but bitcoin is risky, so to play safe, do not go all into the bitcoin as this is the most investors say, but if you are risk taker then go ahead invest all. |
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Anywhere people see you handling money there is a certain risk, although I have never heard stories of robberies where I live. The normal thing is to take certain precautions if you earn a good amount of money, such as taking a cab home.
What country or place are you living in? I was shocked that you haven't heard of robberies comparable to those in our country, that every day I heard this. Whether you are in a cab or not, if the criminal wants to rob you, they really will. I read a lot of news that they got robbed in the taxi. The driver sabotaged it since he just got out from a bank; how much more if you came out victorious in the casino and anyone knows that you won big? The only thing we can do today is to keep secret that we do have money and be cautious all the time |
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I think it is a user responsibility to withdraw the funds from the casino when he is seeing that the market is crashing and he does not want to use his crypto in the casino at that time because it is a lower value and while you keep the money in the casino the temptation to play is always high.
I don't think that a crypto crash should have any effect on gambling  People who gamble either gamble to have fun or they want to earn some quick money. So even if the bitcoin price is dumping, people will keep on gambling. I think trading has a direct effect if the bitcoin price is pumping or dumping, as in the case of a bitcoin dump, people may refrain from trading but gambling should not have any link with the bitcoin price. I think that you are right, and secondly cryptocurrency is different from gambling, people who trade or invest in Bitcoin for long time is different from people who gamble. But in some extent i believe that why some people are contemplating in such way is because they taught that most of the gamblling platforms do make cryptocurrency and mostly Bitcoin necessary for investment, and another thing is that some of get the funds use in gambling for Bitcoin, and they reason that if bitcoin Fails or crashed it will affect gambling Crypto is still related to gambling, as some online casinos use crypto payment methods. Still, gambling and investing are different because gambling is for fun and entertainment only, and there is always a high chance that you will lose; unlike investing, as long as you know of it, you can earn profit from it. Though you can also hear that others do gamble while trading, it was a huge mistake because you are just relying on luck and no strategy at all |
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In crypto there are many ways to raise funds for trading like Joining Airdrops, Bounties and signature campaign in this forum.. And also you can raise funds by trading like future trading which will make more profit if you are good in analysis of any coins or tokens.
Easy to say but difficult to earn . This is the way to earn bitcoin but i though OP really wants to raise funds like asking for donations for him to start trading which it is difficult. One way you could raise funds immediately is asking your relatives to invest you money as you want to do trading, explain to them what is it so i am sure they will give you money to start with. Though it is really best if you have your own money saved from your salary so that you will only focus more on your trading career |
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