Yes safety first, depending on your trading activity i would recommend hardware wallets, if you are using a buy and hold strategy.
Actually in this case you should be able to change your mindset by equating trading and investment because in the end when you equate in terms of meaning then you can get a little lost in meaning so that you cannot distinguish whether it is trading or investment. When we say hodl indirectly this will definitely refer to investment and I think it will be very naive if it is combined with the concept of trading because somehow this will be different. Even though this is not too important for some people but I think it should be learned especially for beginners so that with that you can know what you should do and how to respond to a problem from hodl that must be done. Before choosing to invest or trade, we must be able to distinguish between these two things so that we don't make a mistake in doing it, so it is very important for anyone who wants to start investing and also trading to understand them well so as not to make mistakes in doing so. If they only have a little knowledge about this, it would be better for them to choose one of these two things so that they can easily do it because if they force themselves to combine trading and investing, they will certainly have difficulty doing it and there is a very high possibility of failure. in doing so, but in my opinion if we are just starting out, it would be better for us to choose to invest first and continue to seek knowledge about trading and investing. |
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that's what people say that "the rich will remain rich, and the poor will remain poor". even in donating they do not intend to donate completely. they still think about how rich they are and don't really care about how other people feel.
the donations they actually make are like "tricking" other people into pity and sympathy for what they do, but behind it all they only do it to increase their exposure and to make people think that they are like angels from heaven. everything rich people do is only for their own interests, it is not true for humanitarian action and concern for others.
It is true that some people who have a lot of wealth make donations just to get recognition from other people that they have a lot of wealth and will not care about the people they help, they have interests for themselves, they will still have quite a lot of wealth. what they have and what they give is only a little of what they have, you are right that the poor remain poor because it is very difficult to improve their financial condition. |
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you woudln't die of being a frugal and you get to save something for whatever you wanna buy in the future. imdon't see being frugal can be considered greed either. a person who kept his wealth on his own can give it to his kin soon once he die.
all his stuff are up for grabs by the relatives he left. it wouldn't be a waste still. but he could have enjoyed more if he make use of his money when hes younger. traveling to places isn't spoiling too much to treat yourself.
Someone who uses their wealth well, of course they are very calculating in spending the money they have and don't use the money they have for things that don't need to be spent, but in my opinion, if you really have enough wealth, there's no harm in using it for the enjoyment of yourself and your family, but it is still a normal thing to do because if we don't enjoy the income we have earned then we are only doing work for our family. |
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I used to be a product of consumerism. I tend to overspend on things that I don't need on days when I have excess money. It is when I started tracking my finances that I came into the realization that I'm spending a lot of money that could have went to a savings or investment fund instead. It was a grim realization, though I was able to curb it thanks to me living alone and being a really frugal person to my core.
A lot of people are driven by consumerism. It's not a healthy mindset, though with the advancement in advertising, people are easily baited.
Spending money for lifestyle needs will mean that the income we get will not be able to invest or save, because every time we have income we will be lured by the advertisements we see and buy things we don't actually need, so it is very important for us to be able to note all the expenses we have so that we can check whether we have used the money we have well and if we find the money we use for things we don't need and can improve it so as not to use the money we have on things we don't need. |
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You have to know that investing in a bitcoin is not avenues to get rich, the thing I really want us to understand concerning bitcoin is that it have to do with advantages and disadvantages, so therefore do not keep your for bitcoin investment as a permanent source of income otherwise it will fail you as a human, so therefore you have to know that bitcoin investment is sure for life, at least someone who is investing in bitcoin should not take it a permanent work so therefore investment is investment that can yield positive today and yield negative tomorrow that is while it's advisable to ensure that bitcoin investment have to do with timing and it's good to use a spare money for the investment.
If anyone thinks that by investing they will get rich quickly, I think this is because they have a wrong understanding of Bitcoin, because in investing in Bitcoin there are many things we have to learn and have to go through various processes so that we can get a profit from the investment. What we do, when investing, is that we have to use the spare money that we have or money that we will not use for any other purpose so that we don't have problems when we are investing. |
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In my opinion, taking profits is never wrong and as long as we are satisfied with the profits we have then we have the right to sell bitcoins at any time. But what I see is that many people like to criticize others when they sell their bitcoins . They do not notice that each person's situation will be different, not everyone has the same situation. I believe that no one wants to sell bitcoin too early but for their livelihood, they need to do it. Furthermore , they sell when they make a profit and will buy back when the price corrects, which also gives them a larger profit, so there is nothing wrong with that. We should stop criticizing those who are selling bitcoin because we are not them.
Enjoying the results we have gotten from the investments we have made, I think is a natural thing for everyone who has invested or traded with Bitcoin and also everyone has different financial conditions from others, so if there are people who have to sell early Bitcoin before they make a profit, of course they don't prepare funds for other needs first, so they have to sell the assets they own to be able to meet the needs they need. |
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there are many reasons why many investors invest in bitcoin, the main reason is definitely the profit provided by bitcoin itself,
and this has also spread among young people who are aware of technology and digitalization.
But here we also have to be prepared for the risks presented by Bitcoin itself
Even though Bitcoin is the best investment, it cannot be denied that there are still many fans of fissile gold
Everyone certainly has their preferred way of investing, in the current era of technological development, choosing to invest in Bitcoin is indeed the right choice to make a profit, but investing in Bitcoin certainly carries the risk of losses that we will experience if we don't have the knowledge. about the investments we make, so it is important for us before starting to invest to learn first about the knowledge about how to make a profit and also how to avoid the risk of loss that we will incur and must be able to resolve the risks we face. |
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Then he would not be even interesting in trading, because he would think that only the bitcoin is holding by these people they can sell it at any time, then same in the case with other coins if Solana is hold by some of its team members or its owners then would you think that we are not going to trade because because may be its owner sell all the Solana and we may be in loss?
This is just the thinking of an individual, anyway we can't stop investing in the bitcoin just by not having proper knowledge about the trading and not having a way open up for trading in any coin.
Everyone has different desires in investing and there are some people who don't like investing in Bitcoin and this will not have the slightest effect on people who already like Bitcoin and they can understand well about Bitcoin and how they can profit from investing and trading on Bitcoin so they really like it and those who don't like it maybe they don't understand Bitcoin well and also maybe they have found a way to make money in another way which they think is easier. |
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Not easily giving up is a very wise attitude for a newbie because basically everyone needs to try trading once they know how to do it through the theory they have learned. Becoming an experienced and perfect human being is not easy for anyone, because everyone needs to struggle with experiments while looking for new knowledge that can make their plans better. Because the first obstacle for everyone in trading is knowledge and guidance from people who already have experience in that field.
Those who have been successful in trading, of course at first they were also beginners and they studied with discipline so that they understand well what they have learned after trying what they will of course have a lot of experience in investing so that they achieve the success they want, there are many processes that they have go through so they can have confidence in what they have learned. |
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A more appropriate step to overcome this is to work in a job sector that can bring in more income. For example, businesses at the medium and small levels must also have sources of income from two different directions even though they have to do two jobs that are not the same. Because as long as this work can help us overcome poverty slowly, I think it is very good to do it without having to join the government system with a monthly salary through certain agencies.
It is everyone's responsibility to be able to earn income to meet the needs they need because if we expect the government to be able to overcome poverty, that is wrong in my opinion, because it is important for us to have several sources of income to be able to meet our own needs, I agree not to hope for a job with the government because the salary we get from the government is very small and cannot necessarily meet our needs for a month and if we can work and earn our own income it will certainly be more satisfying. |
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Some people who use the DCA method in the investments they make of course have prepared themselves for all the situations they will face and also know the risks they will face in the investments they make so they will not be affected if they see speculation. other people do, they just wait to see when they can get a profit from the investment they make.
When trading, of course we have to be very careful in making a decision because if the decision we make is not right, we will certainly experience losses from the trade.
Yes, that's what differentiates full time trader with amateur traders and short term investors and all it requires is a proper execution based on DCA and one should not get carried away by temporary market volatility because anyone can be tempted by market situation and may go out of rule for some quick back which might not end well. That's why we say being a trader is not that easy and especially back in the days when trading bots were not widely used to be manual task unlike today and in my opinion if a person is using DCA he or she should never divert from that, I used combination of indicators and was earning decent profit but made similar mistake by getting carried out due to emotions and went through tough time. Yes, I agree with you, becoming a trader is not an easy thing to do, it requires a lot of experience and a good understanding of trading because if you don't understand trading well, it is very likely that you will experience failure in the trading that we do. We must be able to do it consistently in using the DCA method and if we cannot do it consistently, of course this will not make us get little benefit from what we do and it is also important for us to be able to control our emotions when we go through the failures that we do. |
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The reality truth and advice is that it offers you a better profit if you can invest with the least Capita at hand which could generate you gradual incomes while you strives to top up your trading Bitcoin wallet to your benefitted amount that tends to profer you the huge income as dreamt else, other times could be a wasted one because you ignorantically failed to take advantage and make your unreadiness a productive time (s).
If we can see an opportunity to make a profit from investing or trading and don't take advantage of that opportunity, of course we will be very sorry when we see that other people can make a profit from the investment they made, because we could have started. with whatever amount we can afford and we also have to be able to do it regularly to be able to get a profit from the investment we make. If you only have a small funds, you can also be called investor if you invested in Bitcoin. You have to think twice before you make a decision since it's only a little amount. If you don't have knowledge in investing or in trading, it's not the best idea to use your funds since it only increases the risks of losing money. You have to gain knowledge first, learn how to analyze the market, and back test so that you can gain confident that your plan will work. Also avoid checking the chart from time to time as it will generate negative emotions that affects your decisions. Always stick to your plan and trust the process, you will get what you want soon.
In my opinion, there is nothing wrong with having small funds to be able to collect Bitcoins, because if we can buy them consistently then we will be able to make a profit from the Bitcoins we collect. If we can't understand it well then we need to be able to study it well before choosing to buy it, but if we still choose to buy it and study it well, of course this will be very profitable for us and it is also very important for us to be able to understand it well. control our emotions in trading because if we cannot do this we will make inappropriate decisions in the trading we do. |
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Nothing about this life is perfect, everything is under being managed and we try to adapt to how they are, we work on what we want in other to bring their perfection out, if we can have something like bitcoin to serve us in our financial daily lives, we have nothing than to embrace the rare opportunity it offers because that's what we have and none is available than bitcoin, any other choice are counterfeit, we are making the best and desired expectations with it.
It is true that nothing is perfect in this life and every thing that has advantages of course also has disadvantages in other respects, being able to have Bitcoin will certainly be very helpful in fulfilling our lives and also if we can invest or trade of course we will be able to earn The benefits of these two things, when we can feel the benefits of Bitcoin, it will be very difficult for us to believe in anything else because the benefits we get from Bitcoin are enough to help meet our needs. |
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Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
I agree with you. Many people out there judge Bitcoin and crypto affiliates are used for illegal activity, but in fact, fiat and affiliates are most used for that. For me, it all depends on whom, Whatever something if it is in the right hands, will definitely be useful. As we know, a knife is very useful to cook, or (our wife, or mother) cutting vegetables in the kitchen, but if not in the right hands, a knife it would be a very dangerous thing, that will be used to commit crimes, such as robbing and kill someone. So, it's not the main reason to judge Bitcoin and friends because is used for illegal activity, because the harm to others is even greater. Those who abuse it certainly want the crimes they commit to run smoothly so that people will not easily judge that what they are doing is not good for themselves and others and if the person who uses it is for good purposes, of course that person will not be able to harm other people and even them. can help people to gain profits from investing or trading so that they can increase their income. I agree with you, this will really depend on whether they use it for good or bad and we cannot easily remove this from the minds of people who think badly about Bitcoin. |
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When hyper inflation occurs, of course what we do is secure our assets so that their value does not decrease, of course from the many investments we can choose, including cryptocurrency, but we also have to know the characteristics of cryptocurrency, because many of them fail and do not meet initial expectations. On the other hand, land is also a good investment with minimal risk, and of course the increase can exceed inflation
It is important for us to be able to secure the assets we have when hyperinflation occurs. There are many things we can do before hyperinflation occurs. If we choose to invest in crypto, perhaps this will be an option for now because it can maintain the value of the assets we already own. and we must have a good understanding of the crypto we are going to invest in so that we don't have to worry about making decisions when investing in crypto. |
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Another advantage of this type of marketing is that if your product is good and whoever bought it liked it a lot then they could recommend it to their friends, and then they could do the same if they liked your product, so a small investment in advertising there can go a long way as long as your product exceeds the expectations of your clients, and it can surely help you to achieve the success you want for yourself way quicker than previously expected.
Having a product that attracts a lot of customers' attention and it will also be easier for us to introduce it to our closest friends to recommend the product we have, when we spend capital to advertise the product we have will certainly be very beneficial for marketing the product we have, other people will know about it. and we can get profits from the products we advertise. |
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I believe, if not with technical analysis, how else can we determine the direction to buy or sell. at least it helps compared to having to just guess. As far as usage goes, I get premium signals with technical analysis, they are quite accurate, although not 100%, but for me that is enough proof that this is quite accurate and profitable.
You are right, without technical analysis of course we would have made the decision to buy or sell only based on the feelings we have and it would be very unlikely that we would be able to get the profits that we would get, if by using technical analysis we would not be able to get our profits. It is still possible to improve the analysis that we use to be able to gain from the trading that we do. |
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Buying high and selling low isn't necessarily a bad thing. It's more like an investment strategy where you buy and hold until the price goes up. Since you're trading only BTC/USDT, it's less risky. It's best to stick to that pair because adding altcoins can expose you to more losses. I think you should explore trading a bit more and learn the basics. You'll do great! 📈💪
It is important for us to have a good strategy in trading and investing because if we do not have a good strategy in trading or investing then it is very unlikely that we will be able to get a profit from the investment we are going to make. Choosing to trade using Bitcoin will certainly have a smaller risk compared to altcoins because it is very difficult to make a choice on altcoins to make a profit. You are right, it is important for those who start trading to understand trading well so they don't experience a lot of losses from the trading they do. |
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I think people will understand it better from direct practice. because trading theory is very broad and will never end no matter how it is studied. One person simply sticks to one trading style until he is truly consistent in producing results. This is the best way to get to know these two methods of analysis.
Practicing what we understand in trading will make us have more experience in the trading we do and we can also increase our knowledge about trading so that we can gain profits from trading, when we consistently do what we understand well. Well, of course we will be able to make a profit from the trading we do. |
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That's why we have to be self employed. We can't rely on the government anymore. I have seen many multiple degree holders to try and get a decent job. But no success. Later they same person made a business of his and became a entreprener. It was hard, he had to start small, build everything from scratch but he was successful at the end. Rather than relying on your government or degree we should rely on our skills. That's why a student should always obtain other set of skills along with his skills. That way, he won't be left away.
Building a business definitely requires a lot of preparation which we will have to do because if we don't prepare well of course we won't be able to run it well, but if we can run it well of course this is better than working for the government which only has an income according to the position we put. I agree with your opinion, if students must have expertise in the field they want because they cannot necessarily rely on the educational degree they have to earn the income they want. |
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