actually stoploss does not 100% guarantee our assets are safe. but at least it can be a benchmark for the safe limit of our assets so that there will be no bigger losses. I think stop loss should be learned because not everyone or traders are successful if they use stop loss
Why you need to have a guarantee to protect your assets to be safe? It's not the job of stop loss. From the words itself, that does the job of stop and that's to prevent you taking more losses than the usual you gain when you trade. |
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One of the big mistakes that i see new traders do is they immediately jump into trading high volatile low currencies and they end up not having the attention or the time to concentrate, where they should be going for much more reliable and flexible trades, like bitcoin or Ethereum where the price are constantly changing and you can make some good profit from it if you make the right decisions at the right time.
They see it from others that it's more rewarding. That is the reason why they choose to trade those type of cryptocurrencies because they're mostly being hyped. They trade without the foundational knowledge that they need as a trader. And when they experience how hard it is, they learn from it but with a pair of losses. When you do make yourself get caught on the hype then you would really be realizing those things that it wouldn't really be just easy as it looks when you are already on the actual situation. Trading is never been easy even it do looks to simple but its not.Of course it would really be needing consistent attention and concentration because if you don't put up a focus on it then expect that lose chances is way more higher than on profiting ones and you should really be mindful about this thing. I agree that it's never been easy. Most of the people that sees the success of traders are only looking at the success but they barely see the struggles and bad experiences that they've made. Which makes them stronger and better in this field. |
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The list given at the top is closest source that you can ever use. I doubt it that someone who got a lot of bitcoins and considered as a whale will show off how much he got.
Mostly, on the individual sides, they like to scatter the bitcoins that they hold so in the rich list, it's coming mostly from the exchanges cold storage/hot wallets.
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In order not to lose a lot at once, you do not need to carry a very large amount for a deposit.
It's normal for practice traders not to have such an amount of capital. It's part of growing as a newbie in trading. But when a trader already got the experience and understands how he's going to earn, it could be massively or just an amount that he's wanting to earn then that's already going to push him for depositing larger amounts. If a trader thinks he has enough experience about trading and he can do risk management properly, he can make a large deposit. With a small amount a trader can test his trading skills, which will play a very important role in the future. In most cases, newbies are more interested in making a profit by trading than by developing trading skills! And this is what causes them to suffer huge losses later on. An experienced trader must wait patiently to find the right movement in the market, while a newbie trader will be more attracted to the Fomo trade. So newbies are at a loss in most cases. Yes. No one can stop the experienced traders to do what they think is favorable to them. With experience, money and knowledge, they can make as much deposit as they want as capital. They know how to grow it and they can read the market and do analysis. |
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you lost an opportunity to buy BTC at low price but for BTC price to recover to 20k $ is really very low rate because BTC only recovered to 28k $ 30k $ around in the protected area and then went up, actually I and you missed BTC at 2k$.
That's how they are. They look for opportunities and when it has dropped, they'll look for a better opportunity even they've already set that the price was already in it. And then when it goes up, they'll just accept the fact that they've lost it and will wait again for its drop. |
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In order not to lose a lot at once, you do not need to carry a very large amount for a deposit.
It's normal for practice traders not to have such an amount of capital. It's part of growing as a newbie in trading. But when a trader already got the experience and understands how he's going to earn, it could be massively or just an amount that he's wanting to earn then that's already going to push him for depositing larger amounts. When you master the trading process, you can go for higher investment. Until then it is good to learn what is happening in the market. Some used to invest blind without knowing anything, just thinking it a way to make money. Market fluctuation will be big with cryptocurrency market, people won't understand this and go for high volume trades. When the market turns negative, they won't be able to accept it. Because, it isn't easy to recover the loss all of the sudden through trading. Yes. You can opt to get with those higher capitals for those trades that you're about to make. You understand how risky it is and needed to be thought of before committing your trades. The sense of it is that you won't surprise with huge fluctuations that's normal in the market. |
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One of the big mistakes that i see new traders do is they immediately jump into trading high volatile low currencies and they end up not having the attention or the time to concentrate, where they should be going for much more reliable and flexible trades, like bitcoin or Ethereum where the price are constantly changing and you can make some good profit from it if you make the right decisions at the right time.
They see it from others that it's more rewarding. That is the reason why they choose to trade those type of cryptocurrencies because they're mostly being hyped. They trade without the foundational knowledge that they need as a trader. And when they experience how hard it is, they learn from it but with a pair of losses. |
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I believe one of the things that do kill trader's are Greediness I believe you should always learn how to take money even if the money is small there are sometimes you just have to take the little amount and move on because if you still want to be in the trade you might endup losing your money. I believe in Cryptocurrency no amount is to small since is your profit not all coin will make you rich and not all coins will do 2x or 5x. When the once that will do 5x come you have to take it and when the once that will give 1-4$ come you still have to take it and move.
Greed will stop the common traders to take profit. You'll aim for more and higher profits that you might think you can rake easily. But that's not the case, for professional traders, they know what they want and how much that they are satisfied with. They know when to take profits even it's lesser than their expectation as long as they have made gains on it. |
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In order not to lose a lot at once, you do not need to carry a very large amount for a deposit.
It's normal for practice traders not to have such an amount of capital. It's part of growing as a newbie in trading. But when a trader already got the experience and understands how he's going to earn, it could be massively or just an amount that he's wanting to earn then that's already going to push him for depositing larger amounts. |
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the most optimistic thing about bitcoin, legalized in all countries as a digital asset, not as a substitute for fiat, is too risky if bitcoin is made into a currency because of its changing nature as well as its value
Thinking of it being adopted in most countries is really optimistic but we have to accept the fact that at this early stage, it won't happen. Most countries that have legalized or have no problem adopting and using bitcoin, they're on it for the sake of their people as what it used to be. Whether as an asset/store of value or a currency. |
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It is actually possible that mankind could put an end to poverty. But they don't want to deal with such thing so nothing has changed about it so far. People can still be workers etc.. But they shouldn't be paid unfairly in any country. They aren't working for nothing in the end. They also want to have what they want. It is the duty of governments to offer better conditions for these people.
Possible but. We will never find that to happen for most of the countries in the world. It's one of the wish that we cannot ever see and make it happen. But for some countries even if they're rich already, there will still be those people that are on the poverty threshold. |
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In fact the evidence is clear, trading as a way to make money in the markets is better than investing, this is not an opinion this is a fact, as a good trader by definition can outperform the profits given by the market and as such outperform any investor, however this is not easy to do and probably less than 5% of traders can do that which is why you see many more people defending investing because the group of investors that are successful is larger than the group of traders that are successful.
Only the best traders can do this. That's why for me where I am better is where I am staying. And that's with investing and holding, however that doesn't mean that I won't commit some trades. I'll still do. |
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there is no target how much bitcoin for me, i don't even really like to collect bitcoin for longer. for me, if I have bitcoin, I will immediately sell it. it's enough for me
You've got a different plan than most of us. Most of us plans to hold it for a long time and until we see the price soars and skyrockets, we're probably be selling a few and will still keep the rest. But if that's your plan and you're in a situation that forces to do that, you still save even a little. |
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Inflation rate is damn high now and mostly all countries are witnessing this because of the high level of currency printing by Central banks all over, the price of goods has increase almost 120% in a year in my country this is because of devaluation of Naira put the free money being thrown around as Covid incentives, this is why I am not of the Opinion of keeping money in Banks because inflation will rob you of the value with time. I prefer real estate has conservative investment
That's true. It has resulted to inflation when there's a continuous print of money but the governments cannot do anything with that. This is all due to the covid-19 pandemic and that's the response that they have to do. Sadly, people that are in and under the poverty line suffers the result. |
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I'd advice you to get rid of your LTC as well. The usecase is not intact for litecoin anymore, as BTC has shifted to a store of value concept.
If he said that it's just few, there's no need to think of it. Having all in with btc and got some ltc from long time ago. I guess that he's still good keeping that unless he sees some good price action for ltc. And if that happens, he will surely sell those for bitcoin. |
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Putting all assets in bitcoin sounds risky but if you look at it in the long term then it is the most profitable
I also plan to put all assets in bitcoin, I am very confident in its long term potential
predictions that say Bitcoin will cross $100k, I strongly believe in that, bitcoin is the asset of the future
It's not risky. What's risky is to not have bitcoin at all. Out of all of those investing recommendations, this is very effective. Whether you only own bitcoin, you're still satisfied owning it only. But if you're not satisfied to only own it, just make sure that most of your portfolio is composed of bitcoin. |
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Trading may be a probability game. Each fruitful dealer knows that any trade he executes may bring either benefit or misfortune. In arrange to evaluate a measurable advantage of a trading technique, it is essential to execute a huge number of exchanges.
Although it's not that really a type of probability game but there's an inclusion and relation to it. The concern of exchange as you trade, it's not really that important as most of us are trading to the most reputable exchanges that we can ever do. That's why it's still relying on your choice when you trade. |
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it's not how i think things happened, as i remember when things started going well for bitcoin and crypto in general during the pandemic, and other markets were going down maybe because investors were afraid that banks can get negatively affected by some political decisions which led them to a decentralized market which is crypto to invest in.
While the opposite did happened, I think mostly have thought of the bad situation of the market when the pandemic has started. But well then, the different and opposite did came. There's the moment that oil also hit its low and that made an alarming economic impact, whilst for bitcoin, it's the different and which made the impact positively. |
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Seriously I believe it is easier to hold bitcoin or any cryptocurrency if you are already rich because you won't really think about anything your mind won't really be in the coin you invested on or whenever you need money you won't really think of selling it because you are having extral money that you can easily use to solve your problem but if you are not rich any small thing you will endup selling your coin immediately.
It is a fact that you won't think about it after you've invest your money to hold bitcoin. But there are also those people that are not quite well with their living but has the patience and has the best risk tolerance that they can wait until what they hold matures and is fine to sell. That's the advantage that the rich gets richer because risk is nothing to them while those who are striving hard in life, they have to choose and take the risk as much as they can to move forward with better result or try again if they fail. When you are striving in life and you do make out investment not only in bitcoin but into a certain one which you would really be expecting something from that on a short time basis and its true that when you are rich then you wont really get easily be pressured nor get stressed when theres something happened into your investment since you know that you can still recover no matter what compared to those who do take some one shot into their investment then that would really be a hard decision this is why when we are on this position then we should really be mindful on putting our money in best possible investment as we can even though its hard but at least we do make our research. The reason why the rich are easier on investments because they're already established and that they can take risk easily. No matter how big investments they've got as long as it's just another source and investment for them, they won't really absorb the risk that they'll get from it as big as someone who just made an investment. |
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Every time when the dollar and tether is printed, the bitcoin prices go up because it makes dollar more inflationary and bitcoin is the best store of value at the moment.
It's well explained above that it's likely what the institutions are going to do. But for retail or small investors that have or will receive the cash, there's many of them that have done or will do the same thing. It is like whenever there's another printing of money from the US government, it also reflects to bitcoin just as these bigger institutions are acting on it to defeat the possible inflation that will result from it. |
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