Just as a skillful soccer player knows when to run with the ball and when just to hold the ball, a skillful trader should know that there is no need to always trade, and the need to know when to trade, and when to just observe the market. knowing that can also help to improve the profit they make by reducing the losses they can make by trading at wrong times.
Another time to avoid trading is during holidays.
That is a good point, traders are used to take action whenever they see something happening on the market, so eventually this becomes their default reaction to anything, but this is a mistake, there are market conditions that should not be traded and the best thing you can do is to simply go out and do something you enjoy instead of staring at your screen, however for a trader this is something very difficult to do, so they will try to trade during those difficult market conditions and lose a lot of money they could have saved themselves by literally doing nothing. to refrain from trading under certain conditions is not as easy as we say, sometimes we know that it is not appropriate to make a transaction, but our hands and fingers cannot be prevented from clicking the transaction button, this can be overcome by preparing the trading account we use to let go of our greed, so that the main account will remain in accordance with the portfolio that we have planned |
|
|
|
|
Honestly, congratulations to you, but relying on luck will not come again and again, maybe luck will come once or twice, but not many times. What you are using is a demo account and this will be very different if we use a real account, where there will be lots of complex problems that have to be controlled. especially in terms of psychology which can disrupt our trading patterns, and this must be trained gradually
|
|
|
|
|
For beginners, you will be confused about the parquet movement which always makes you feel hurt. Indeed, looking for professional signals can initially shape our trading character, but this should not continue, considering that trading itself will be more profitable for us in the future. so that we can work from trading and of course it will be more fun if we can analyze it ourselves
|
|
|
|
I hear people say do not start up a family if your income is low but this is not applicable in all cases. A low income earner should as a matter of necessity order his wants according to their order of priority. Why spend things you do not need? Scale of preference is the solution here.
A family who earns a very low income should not be in a competition with the next family. Go for good products and services but at affordable prices. All expenses should be within the family's budget and not to impress anyone.
And while managing the family's scarce resources, an alternative source of income should also be looked into.
Basically, we have to live a lifestyle that is in accordance with our income and of course we can enjoy it, sometimes what makes things difficult for us is a lifestyle that is not in accordance with our income. However, we can change the economic situation, as long as we can manage our income and expenses well. When income rises, expenses should not follow so that there will be a lot of remaining income that can be allocated to invest so that we can improve our lives in the future. |
|
|
|
Renewable energy is of course the right solution to replace natural materials such as oil and gas which are increasingly difficult, maybe at the moment this seems strange but slowly technology will emerge that can use renewable energy so that it is no longer dependent on mining products such as oil, gas and others. .
We’ve been far too reliant on fossil fuels and some countries, bear the brunt of it when there’s a man made scarcity or other problems that could arise that would bring about an energy crisis so of course, renewable energy is the right solution to replace fossil fuels. The tech to harness these renewable energy sources has already emerged. We’ve got people today, driving around with electric vehicles. I think we still have some quite a while and lots of work to be done before fossil fuels would be relegated as a substitute energy source but slowly, we’re getting there. On the other hand, even though there have been many electric cars, there are also those who can find water as fuel by separating existing compounds, but this is still in one trial and of course still requires further testing. Electrical fuels are starting to spread and replace fossil fuels, of course this cannot change drastically but it will be gradual until complete replacement occurs later, of course it will take a lot of time |
|
|
|
I chose to keep the $15,000. It is very risky to put into any investment. That's your dream, don't risk that $15,000 on a stupid move.
When you are tempted to invest with big profits, from there your mentality will be damaged and this will result in loss of funds. Save and wait for your remaining $5000 to start your dream business.
If you want to invest in Bitcoin, do it with money that you are willing to accept if that money decreases in value. because Bitcoin can rise rapidly or fall drastically. However, in the long term Bitcoin will always rise.
Basically we have to take into account the rewards and risks ahead, so that if something bad happens this doesn't cause deep disappointment. on the other hand, by having knowledge in advance about what we are going to invest in, it can make us control the risk, what happens a lot is that they invest only oriented towards profit which is very comfortable to imagine |
|
|
|
Even though what you said is true, I don't really agree with saying forget about the investments we make because to achieve maximum results we certainly have to try again and again, especially if the capital we have is minimal in every month or every week, therefore there are several strategies such as DCA or buying when there is momentum such as bitcoin crashing is also important.
Investing in bitcoin buy, wait and forget a few years it would be good but it would be even better if buying again and again when we have more money and holding until the target we want is reached it is much more worth it.
Indeed, for profit maximization it is less effective to buy and forget about such an investment method, but for those who do not have a strong psychology and have long-term investment goals, I think this method has advantages too, so we remain focused on initial goal. Until now, there are many people who often look at the market, which shakes their psychology so that they take actions that are not in accordance with their initial goals for long-term investment, and ultimately destroy all the strategies that have been prepared previously. |
|
|
|
When I think of the few Bitcoin I have, it gives me joy.
For the past 2years I have been into cryptocurrency, I have come to understand that Bitcoin doesn't just give you value, it also gives you security, even last year February when i was just a few month old in experience, when the Ukraine Russian war drove down the price of Bitcoin to 15k most people lost hope. people where saying all sorts of discouraging word about Bitcoin and the crypto industry, I still have faith, and Bitcoin proves me right, he rallies back without remorse.
All In all,
All what Bitcoin have been through from the hand SEC, government and external issues that affected it,
It still stands strong,
one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless. Bitcoin is here too stay because it's the future of money
Welp it’s just one of the few benefits to heing a bitcoin investor/holder. Compared to other currencies you always have the guarantee that come rain or shine your coin will prevail over time thanks to its secure nature price-wise. That has been the case for a very long time now and it’s only quite recently that people started noticing its effects. Anywho, keep at it my friend, you’ll to far. The fact that you knew to hold than let yourself get carried by the fus wave is more than enough evidence you’ll make it in this industry if you put your mind on it! Bitcoin can indeed be used as an inheritance, and as a long-term investment for our children, it is indeed suitable. Imagine if our children grow up and tell us about it, whereas currently our children are not yet in school, of course it will be a guarantee for their lives, at least guaranteed for their education costs until they graduate from university. and by teaching it slowly from an early age, they will be able to manage their assets well so that they continue to grow |
|
|
|
|
If you regret it, maybe everyone will feel the same way, but the main goal for now is to make a profit from Bitcoin, why regret it because the market will move bullishly and bearishly. Instead of regretting it, now in the bearish season we can make good use of it by investing as much as possible, don't wait for the price to fall again and buy it, because no one knows when the price will reverse. and after that if the price turns out to fall again we can buy it back, I think that kind of strategy system is a good one for investing
|
|
|
|
From my point of view, with respect to the technical analysis, Bob price may reach $400 by this year end. I think this the best time to buy or accumulate.
The future of BNB over eth is also stronger. The low gas fee and scalability more than that of eth, has attracted and is attracting many dapps to BNB.
Instead buying any new coin, I would like to stick to BNB option only.
i don't think BNB has brighter future than ethereum honestly its dim, basically because the lawsuit. also the advantage of low gas fee and scalability isn't really a thing nowadays, ethereum has l2 that also as cheap. moreover BNB price heavily depends on the performance of the exchange itself, so if binance do good BNB will also do good, but you know sometime exchange can make ridiculous decision. Binance exchange has high trust by consumers. from its journey, consumer trust has also been well rewarded by Binance with good service too, for example when Binance was hacked they were fully responsible, so to date many have placed excessive trust in Binance, especially as BNB fees are relatively low and there are many projects that use its network. , then bnb has the opportunity to grow bigger than ETH |
|
|
|
Some months a go, I was thinking altcoins may favour me since bitcoin is still unpredictable. I decided to invest my last cash at hand on luno, Eth, buying babe doggy, peg token and tron. I don't really understand how this things works when I bought it was all gloomy without bitcoin but in less than a week my money dried up.
What future do we really hope for altcoins without bitcoin?
First what do you mean by Bitcoin is unpredictable, don't you know that altcoin is more unpredictable than Bitcoin and in fact bitcoin is the best choice of investment among all other cryptocurrencies and for me, altcoin is only for the gambling and nothing more, anyway the coin you trying to promote may give you 10x returns who knows. But also know that you can lose all your investment in that coin if it turns out to be a scum shitcoin in the market tomorrow so yeah risk.l risk anyways is either you lose or you gain. I think we have to be friendly with risk, where it's not just profit that we always take into account, where if something undesirable happens then we are not ready to face it. Therefore, there is a need for risk management, where we have to be good at controlling ourselves from greed and still think clearly when deciding where to invest. |
|
|
|
Crypto market was going well, Bitcoin was pumping gradually and altcoins also following the path after bitcoin. But market get dumped recently. But today it shows good signs for something good to be happened. So what do you think? We are going to notice recovery soon? Or many dumps are waiting ahead?
recovery will definitely happen, but not this year (in my opinion), because this year is the time for us to do DCA cryptocurrency that we want to invest and hold, so don't let us miss this opportunity to invest in cryptocurrency, so we can get a big profits in the future, because I believe 2024 or 2025 is the time for a bullrun to occur, so we need to take advantage of the current market conditions (corrections) to invest and hold cryptocurrency that we want to invest. in the crypto market, I think that to maximize profits, we really have to be able to take advantage of the moment so that it has different behavior in each season, currently it is clearly a bearish market so we have to be able to take advantage of investing, so that during the bullish season we will get the appropriate profit. with pre-existing hopes and targets, even though no one actually knows when the bullish season will come |
|
|
|
Op lately I made a little finding about why so many people are against Bitcoin within my localty and I was shocked to understand that these people actually hate Bitcoin for no reason infact the majority of those who speak I'll about Bitcoin are those who has never had any investment experience, trading experience, people who don't understand anything about Cryptocurrency.
On point! For the few people who I've seen saying that Bitcoin is a scam, they have no single knowledge of it. This is something we all suffer from, wherein we are told something negative about someone or something, and then we create scenes in our head and add a negative tag based on hearsay. But trust me, people will keep getting convinced because it wasn't always this crowded. Back then, there were fewer people who believed and now there's a lot more... I have hope for this. People can easily believe whatever they hear. Even if it's just a rumor from someone who doesn't even spend, invest, or take the time to study and investigate Bitcoin. Once they hear anything bad like Bitcoin being used as a way to scam other people or hide the money of some people, people can easily think negatively about Bitcoin. But if there's someone who flexed money that was gained from Bitcoin, a lot of people are literally asking how they do it and asking to teach them. You see, it is all about the news they hear or see about Bitcoin. People don't have enough knowledge but do not give any time to learn about it that's why people always believe on any news they learn/hear about Bitcoin. The main thing is not to rush to get results from Bitcoin, learning about it first is very important before we invest, the thing that most often destroys Bitcoiners' psychology is bad news, where there will be people who take advantage of their panic for their own gain. Therefore, there are many bitcoiners who say Bitcoin is a fraud, because they are not equipped with good knowledge about Bitcoin, so they experience disaster. |
|
|
|
|
the bullish case for bitcoin makes it easier for bitcoin to become known to the wider public, if there is a bullish season it will produce new successful people, and they can be an example for others to also adopt bitcoin, so that more and more people need it, and this can increase demand so that the price becomes higher, but before adopting it, of course having knowledge is the main capital so that you don't regret it in the end
|
|
|
|
The purpose of Bitcoin is not to invest...
What makes us think that Bitcoin can't have more than one purposes? It can be used as a payment method when possible since it provides seamless and decentralized payments and it can also be used as an investment asset since it is volatile and can provide significant profits on investments. Like it or not, up to now, bitcoin has truly become an asset, an investment rather than a currency. We need to accept that change and adapt to it. We can't just stick to the original notion that Satoshi created bitcoin just to be a peer-to-peer currency and refuse to adapt when things are changing in the other direction. Furthermore, as you said, bitcoin can be used for many purposes, and that is what makes bitcoin superior, why don't we make the most of that to bring more benefits to ours? For me, bitcoin is an investment and can also be a currency...depending on the situation we will use it accordingly. To become a currency bitcoin needs more adoption, and to have more adoption we need more people understanding why bitcoin is unique and can actually change lives, and in a certain way if the price keeps going up because less people are willing to sell, more people will talk about bitcoin and will also become interested in it. Being an asset it could just be part of the process at the end. Bitcoin is unique, so there are still many people who don't believe in it as a good investment tool, but that's okay, they will believe in it if there are people around them who become successful from investing in Bitcoin, so that in the future those who don't believe in it will certainly follow in the footsteps of investing in Bitcoin to gain profits and of course can be used as a means of payment in certain situations. On the other hand, what is no less interesting is the younger generation as the next generation to support the development of Bitcoin |
|
|
|
|
Bitcointalk username: Xampeuu
BSC wallet: 0x10f4271565Eac04E1566C1fEA41936AA984a4D7a
|
|
|
|
Many people think that avoiding taxes is an inappropriate criminal act, but in my opinion the tax that we pay certainly must be proportional, the facts in my country that business tax, income and so on are very burdensome so that many businesses are made to avoid taxes. And in my opinion as long as we have the right reason to avoid taxes, this is certainly not a problem.
Well, it's true that when you actually have a right reason to do something even if what you are about to do is bad, you are not wrong. So in the case of paying taxes, it totally depends on the government of the country and how the law and order of the country. If there are strict laws and government officials are not corrupt to the core and don't use tax money for personal purposes, in such a country, you shouldn't avoid paying taxes as the taxes will be used for good causes. On the other hand, when a country is full of corrupt people, politicians are all corrupt to their core and you know that the money you are going to pay in taxes will be divided and eaten by those politicians instead of using it for the betterment and development of the country, you better not pay them. the same thing happened to my country where the government is not clean there is always corruption which makes people antipathy with the payment of taxes required by the government. actually with taxes we will also be able to build the country and return it to those of us who enjoy it as a society. however, with a government that is not strict with the law for corruptors and even gets facilities in prison, it creates a lack of people's trust, therefore there must be continuity from the government and society |
|
|
|
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
As an economist, I don't think you really map out your plans very well; all I could possibly imagine from the few things I understood from your content is more debt. Borrowing money to invest in crypto currency without having a primary source of income is something that's highly discouraged because it can endanger you and put you into more debt. When doing your calculation, did you not look at the negative side of investment? Your analysis is actually not complete if you don't do a proper calculation of risk. How long do you actually think that the person who lends you the money can wait for you to pay it back without you incurring more debt to your head, and the lender might actually sell off your collateral if you don't meet up and become a loan defaulter? I will sincerely advise you never to take a loan from anyone just to invest in crypto currency with the hope of paying it back with your profit made from the investment. It's actually a very bad investment strategy; it might work for others, but the chances of it failing for you are very high. As a financial advisor, I fully agree with you. First of all gold and silver aren't good investments typically. They are great hedges, but investment wise, not so much. This guys is also banking on gold/silver/bitcoin are certainly going to increase in value, which there is simply not guarantee for. OP - I think this is a very risky proposition you're making here and I woudl think twice about doing so. if we know the characteristics of the three maybe we can respond to decide to invest. however, an understanding of the investment that we are going to need is indeed needed at the beginning, so that we can know the characteristics of each. I agree that gold and silver are only used as hedges, which do not provide benefits if we convert them to the increase in inflation that occurs. for the next three years, it seems that I will choose bitcoin to invest when considering the profit problem |
|
|
|
We have different goals in investing or holding assets, and of the options OP mentioned, I think they are good assets to hold. Before bitcoin, I was also more focused on buying gold, but after I found out about bitcoin, I started to be interested and now I am more focused on bitcoin (by not ruling out gold).
Bitcoin continues to experience rapid growth, and from there I see opportunities that are a pity to miss.
For the views of many people, especially parents in my neighborhood, it can be said that gold is still the prima donna among them, yes it happens because in my neighborhood there are still many who do not know bitcoin.
Every one had their own opinion in the way of holding their assets.Because they had earned this money and have a potential to make their asset based on their opinion.At the ancient time,the gold was preferred one by the people and later to hold lesser shares they used Silver.Now after the invention of crypto currency,most of the people ready to hold in crypto currency.The main reason for holding in crypto currency is the profit time period for crypto currency will be low as compared to gold and silver. Exactly! it's absolutely just self preference and their belief of which one has more value not just today but n te future. For some, they belive that crypto will be gone in the future. Those are the once who invest in gold and silver instead. For other, bitcoin is the future, so they even use their savings just to accumulate cryptocurrency. Is there anything wrng with that? None. The most important is both parties are trying to wants to make generatinal wealth by investing in an asset that they believe in. Yes, it all depends on their past experience. Some could've experienced good profit out of gold and some were taught mentioning gold s the safe haven. Thats the traditional following and now the preference among the young generations were to have diversified investment. Most of them does it and the importance can be seen on the volume. Some prefer to have bitcoin in higher volume against gold and silver. Some take decision in the opposite way based on what they've understood about technology. You are absolutely right. It all depends on the knowledge and experience people have. Some stand for gold as they have good past investments that produced great profits, some found it in silver, and these days a lot are finding it in crypto. There are is also the factor of what other share, their own experience, opinions, and suggestions that affects the reputation and popularity of the three in terms of investment. and there is nothing wrong with what he chooses, because according to his knowledge, just like us as bitcoiners, of course choosing bitcoin is a must, and if you make a profit I think choosing will diversify gold and silver, all three have different characteristics, and we choose from the level of risk of each field, the advantages and disadvantages of each object are different, and all three are good investments, but I will also add as my wishful thinking to buy a property |
|
|
|
|
Show Posts
