If you borrow money from someone then you have to repay that money at some point. And you will always have the thought that I have to pay.
A responsible person don't even think to run with his loans, it will reflect your personality and reputation if you're not going to pay your debt. If you invest in Bitcoin here, you can get a lot of profit from Bitcoin at one time, but always keep in mind that the market will not decrease or increase. I think borrowing money from people Better a poor horse than no horse at all.
Well, the fact is the market can do both, increase and decrease but at unknown times. |
|
|
|
|
No tax for 15,000 Euro is already a lot per year. Someone can simplify and lower his expenses in crypto purchases if he wants to avail that benefit of having no tax.
Otherwise, huge spenders and those people that earns more will surely be fine with that imposed taxation.
|
|
|
|
holding or trading is a personal choice. but for a safe strategy people will choose holding in any way, because what we know now is that trading has risks and trading also requires accurate analysis. in this case holding only requires patience and accuracy until the price really increases and experiences a large pump.
Holding has risks too. Don't forget that whenever someone holds, he's also taking a risk of how long he can hold and how much he can take as he decides to hold it for long. He can sell at low too when he panics if sees the price drops. The point is this depends on mastery, and sometimes the basics of a person can determine where they should take steps according to their more prominent abilities. Both of them have their own advantages in making a profit, what affects it all is mastery and a strong commitment. Yes. Both has advantages and if you're too good at holding and you've got an enormous package of patience. You just got to be good at holding as you won't consider any risk with it as you hold it. |
|
|
|
holding or trading is a personal choice. but for a safe strategy people will choose holding in any way, because what we know now is that trading has risks and trading also requires accurate analysis. in this case holding only requires patience and accuracy until the price really increases and experiences a large pump.
Holding has risks too. Don't forget that whenever someone holds, he's also taking a risk of how long he can hold and how much he can take as he decides to hold it for long. He can sell at low too when he panics if sees the price drops. |
|
|
|
Just the same as long term holders.
Having an estimation is normal and you can have it on your own. I doubt that no one has ever predicted the market will be up again by $20k.
Needless to say, the market has been up again and those long term folks like me won by doing it.
Long-term investments in bitcoin have always been profitable. Even those who bought Bitcoin at 20k have made very good profits in just a couple of years. Now the same situation is possible when the price is 47k and many people think to buy or not, but in a few years the price will double or triple again. Only I guess that before such a large increase there may well be a big drop, as it was in March 2020. It may not be, but the probability is still there. It is profitable. You'll have the best asset as you hold bitcoin. And those who have bought at the top, they'll now be encouraged to hold it until the price goes back again. But those who have bought during 2017 ATH, it is unlikely that they've held until now. |
|
|
|
I guess we'll just have to see if it's really going to happen. Remember that bitcoin reached 60k and not a lot of people expected that it will go to that point so I don't think that it's the best of us to doubt the numbers but given how large it is, I think it's unlikely that kind of number will happen at that timeframe.
Yeah, many didn't expected that there will be a higher ATH that will happen this year. We've only waited for bitcoin to reach $20,000 again and then it suddenly surpassed that price. Investing in bitcoin really requires a lot of patience, it's more than just a waiting game. |
|
|
|
Are you looking for a group chat that is seriously discussing trading? There are already many paid trading groups, bro. On the group, only members who have the intention to trade seriously can join. There is no place for spammers or unknown members to join because it is a paid group, only members that pay some amount of money to join. I've tried it and joining it until now.
But there is an instance that those paid trading groups aren't even accurate. The owner of those channels can shill as much as they can because they're the ones that's being paid. And as well as sell that channel for a decent amount especially if there are a lot of members. |
|
|
|
Not mandatory but it can help you make more money much faster since you can invest more money and can help you return your investment with a big profit margin in the same time as someone that's started from square one.
And you won't be hurt that much if your investment in bitcoin isn't that much moving or is in losses. Because you're someone who's financially stable and you've got other sources of wealth and income, it's just nothing to you and you'll hold for so long because fluctuations don't matter to you. |
|
|
|
|
Acceptance.
Accept that there will be times that it won't be in your favor and it is happening to everyone. You can win some and lose some, that's the reality in everything not only in trading and investing.
|
|
|
|
I think for now if we want to buy with the aim of long-term investment can still be purchased at any time. but for a day trader, of course, you have to take advantage of the moment of daily movement as much as possible, because we really have to know the daily spot so that we can take advantage of the spot to make a profit. Of course, buying with short-term trading goals is more specific with a lot of considerations
Long term planners can buy at any time. They don't have to be worried about the current price because if they do then they only have to wait for bitcoin to dip and then that's the time they should buy. Because the future price won't be a matter to them. What do you mean by saying long-term plan? You can't estimate the proper time when the market will pump again. After the biggest dump of 2017, no one was able to think that the market could go above 20K but It just happened within 4 years. In 2018, those who bought Bitcoin with a two-year's long plan were able to make a profit? weren't. But those who bought in 2020 have made a huge amount of profit in just 1 year of holding. So, buy bitcoin with your idle money and Hodl until your target will fill. Just the same as long term holders. Having an estimation is normal and you can have it on your own. I doubt that no one has ever predicted the market will be up again by $20k. Needless to say, the market has been up again and those long term folks like me won by doing it. |
|
|
|
I think for now if we want to buy with the aim of long-term investment can still be purchased at any time. but for a day trader, of course, you have to take advantage of the moment of daily movement as much as possible, because we really have to know the daily spot so that we can take advantage of the spot to make a profit. Of course, buying with short-term trading goals is more specific with a lot of considerations
Long term planners can buy at any time. They don't have to be worried about the current price because if they do then they only have to wait for bitcoin to dip and then that's the time they should buy. Because the future price won't be a matter to them. |
|
|
|
Because you are here, I will say crypto.
Why? because I only can trade crypto, not forex.
However, generally, both Forex and Crypto are promising and profitable as long as you really know how to trade.
Each has its own risk and also profits.
I suggest you trade the one that you really know enough, not only based on other people done.
Both markets are very risky and it's no advisable for a newbie to just jump in without any research being done. With crypto market, there's stop and he can learn from that and with forex, AFAIK, it's higher volatile and quick in phasing with its market so that's why being careful is needed there. Yes its very risky and there's no market that it is risk free or something easy that you could deal with.It would always be needing that kind of risk taking and skills for you to sustain yourself even lets say that Forex is not too volatile but since it do move its price with certain scale then you could still possibly lost your capital although in crypto it is much more faster on the sense since its way too volatile. Crypto trading is where people do really get interested on knowing the chance that you could make out big profits in a short time but people should know about the accompanied risk. This is something that you can easily engage on without taking some several considerations. I don't do forex but those simple tips that I've read made me not pursue it. It can be easy for the others but if it's really where you are good at and confident trading. If you're for the forex, you trade in forex. |
|
|
|
|
Biden just got in and although it's not that long, it's still far to think about a pro bitcoin president of America. And it won't be effective I think, as there's one that has campaigned and known to be one.
But he just stopped with his candidacy and campaign.
|
|
|
|
It has been discussed many times and it won't.
But, there's this misleading label from the exchanges that you can "stake" your bitcoin to them. It means that depositing to them and earning interest from doing that.
I just hope that they'll change that label instead of staking, they just call it deposit savings.
Not sure why it will confuse anyone since the algo is clearly POW. Does anyone ever have access to make changes to the code because Satoshi disappeared already? If anyone or the team can modify the protocols, it leaves doubt to investors that its not decentralize. It's about the label. They're using "staking" on their platform and the crypto includes bitcoin. Not everyone understands the whole thing about stake/POS or it's just that when a word is being used, there's an exact meaning based on its use. Well, I'd just remember that even though it's somehow not really a technical stuff. |
|
|
|
|
It has been discussed many times and it won't.
But, there's this misleading label from the exchanges that you can "stake" your bitcoin to them. It means that depositing to them and earning interest from doing that.
I just hope that they'll change that label instead of staking, they just call it deposit savings.
|
|
|
|
The difference between investors and ordinary people:
Investors, want to find a way to make their money double their capital, investors usually prioritize investment rather than spending their money on useless things.
While ordinary people are people who put their desires forward without thinking about tomorrow and old age
Investors wanting to make their money work for them, well, let's say that we want our money work for us.  The ordinary folks, they lack of knowledge about increasing and multiplying their wealth and that's why they ending up getting their wants. They lack of enthusiasm as they also lack about financial knowledge. |
|
|
|
I have an experience on it and would suggest not to go for borrowing and investing. What will happen when we borrow and invest? We will expect an income every month to pay back the money if we have promised the lender. Market is volatile. So at times, we may not get what we expected. We have to wait. So better do not go for borrowing. But if in case you are doing so, don't commit a near date to pay back. Invest in the best coin.
That's right. As you promise to the lender, you have no choice but to keep it up and follow what was in the contract. The pressure is on you and times might not be good for you if you wholly rely on the crypto profits. For which sometimes are in losses and not that much in profit. |
|
|
|
Because you are here, I will say crypto.
Why? because I only can trade crypto, not forex.
However, generally, both Forex and Crypto are promising and profitable as long as you really know how to trade.
Each has its own risk and also profits.
I suggest you trade the one that you really know enough, not only based on other people done.
Both markets are very risky and it's no advisable for a newbie to just jump in without any research being done. With crypto market, there's stop and he can learn from that and with forex, AFAIK, it's higher volatile and quick in phasing with its market so that's why being careful is needed there. |
|
|
|
|
What we know about its life is it's here to stay.
We cannot have the exact life span of it but as long as we're here and it is here, then that makes bitcoin here to stay. The phasing is smooth yet not so quick.
But this is what we like to see as adoption increases.
|
|
|
|
I just wish that the Talibans won't be too bold with cryptocurrencies and that guy might not the only one that has crypto assets.
He chose to go back because of their economy status and probably his portfolio is giving him that feeling that he's at a good status.
The last thing we actually want is the Taliban confiscating cryptocurrency from users in Afghanistan and using it for purchase of weapons and terror financing. That would give the perfect excuse for the western governments to shut down Bitcoin mixers, DEX platforms and P2P exchanges. They may even go for KYC on online wallets. So far it looks as if Bitcoin is too technological for Taliban to understand it's purpose, but we can't be sure whether the situation will remain like that for the long-term. Are you kidding? Do you really think it's possible for organisation like Taliban, or any other of such level, to be so uneducated in whole? Surely they have tech savvy people among them, and I wouldn't be surprised if some of them where hanging out on this very forum. Overall I think Taliban government is going to embrace crypto because using it is not against Sharia. I agree to BetWrong, they got bunch of people that are educated and well aware of the things happening in the world including what's with the technology. As for confiscating crypto from their users, they cannot know that if those people owning cryptos will remain lowkey and as if they don't know that such technology exists. |
|
|
|
|
Show Posts
