Now I pay more attention to bitcoin, because I really understand it well due to the fact that there is a lot of good information here, and due to the fact that the Amarkets broker offers a large number of instruments, including bitcoin.
It's good to know that you understand it well before you're going to invest. Because there are too many newbies that despite the popularity of bitcoin, they don't have time to research about it first before buying. And just to add, you can buy directly in popular crypto exchanges and don't have to go through a broker. |
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Definitely, it all depends on your limit and if you feel like now is enough profit which you long for, you could sell it or you could continue possessing it.
The long term is the most rewarding strategy in holding bitcoin. But you're right that if someone who holds it sees already the profit on it right now, then he's free to sell. To me, I'm not yet selling and I'll wait for the right time which I'll be satisfied of selling it. There's no pressure, there's no rush. |
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Your example does not seem to me appropriate for the economy and the brick market. Here we have Bitcoin that has shown incredible profits in 10 years.
If you sold all your property and invested in Bitcoin for 5 years, it would be a very high risk, but with an equally huge reward.
It's popular that there's a family that have sold their properties and everything for bitcoin on the year 2017, IIRC. It's before the bull run on that time and that guy's family is surely enjoying the risk that they've taken. That example you've given, it's not that everyone can avail that but only a few and rare people have that guts to do it. |
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~snip~
At present, the value of Bitcoin is getting higher and higher, but when Bitcoin is equivalent to legal tender, the usage rate is getting higher and higher. Even if bitcoin becomes a legal tender for a certain country, it will remain a volatile cryptocurrency. Nothing will change to its nature even the fact that it's being adopted as a legal tender. Bitcoin can be used to invest in other projects, so will this cause Bitcoin to behave like fiat currency? I mean the future.
In the future, we have to admit that both fiat and bitcoin will remain while the latter is an option for most transactions. We've got options for investments whether we want to use it to invest in another project or hold it as the investment in itself. |
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If Bitcoin is used to pay salaries, is it necessary to collect taxes?
Salaries used to have taxes so it will be bound to taxation as it goes into income tax. Bitcoin is becoming more and more common for daily payments. If it is more convenient for everyone to buy bitcoins and use bitcoins for daily payments, will the price of bitcoins get lower and lower?
It will go the opposite as the demand goes high, price will go high so does its value. But now the legal currency has depreciated. For example, if you are rich, then you will not let your money just be stored in the bank, and will invest it in cryptocurrencies, houses, stocks, and others.
It's because of inflation, a country can defeat inflation but no one knows how long they'll be able to defeat it and only a few countries do that. If conditions permit, I would be happy to use Bitcoin for daily payments, but some people have said that they will not sell their own Bitcoins and have been waiting for the price of Bitcoin to rise.
Do you think Bitcoin will be devalued in the future?
No, just apply the supply and demand and everyone is free to use it for whatever purpose it can be used. |
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Obviously, the more your capital, the less market volatility will affect you, but your waste and risks increase in proportion to the amount of funds.
For example, with a large deposit, you can lose a lot of money on commissions, and with a bad market, you will lose a lot on transactions.
In general, large deposits are not for beginners.
It will still affect you with the market's volatility. But we both do agree that with such amounts, it's not for every newbie because it's risky for them and that's what they should study first and make a decent strategy through depositing with smaller amounts. It suits them as they start. |
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If I were you, I would not have set such fast deadlines.
It is likely that we are now entering a bear market at full speed, which means that the 100k raid could take a year or two.
There is no doubt that Bitkion will take 100k.
There's also the advantage of thinking about investing if there's such a sign or you think that the market is going through a bear market. We're not also sure that this might be a trap and that's very likely because we saw that happen before so, someone who's asking if it's okay to invest in bitcoin. It should be decided that whether the market sudden go into a bear, he has anticipated this. |
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He just compared what he did and what he must do when in times of hardship.
Thinking that bitcoin could also be a religion is literally odd. What we're going to see in the future? bitcoinism? well, that's enough I guess and there's no need to bring up such a topic that brings religion and bitcoin at the same as a comparison.
But that's an idea that I have never thought of before.
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Another rumor again and there's no official statement coming from Aramco.
It would be a positive rumor but it seems that there's no big effect on the market. While hearing news from the west even it's just a rumor, there's a quick effect on the market.
Let us say they're going to mine bitcoin but the temperature and nature of the country aren't really friendly to mine bitcoin aside from the country itself if they are or not friendly to bitcoin.
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my business is very busy, i don't have time to try to find money from online other than my signature campaign. those who make money online certainly want to have more income, it's very human as long as you don't get into the online scammer business that is booming.
To know scammers, everyone can find it out if they're dealing with a scammer and a scam job that he posts. And for everybody who wants money online and wants to earn more, it's because not every source online that they find has a contract that they can be sure of. Sometimes, it just stops all of a sudden without any prior notice. |
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Stop loss is an efffective feature of finance max through which you can be safe from the big loss even we can't say that it can prevent you from a small loss or even zero loss but at a situation it is beneficial for the users. Always try to point stop loss whenever you don't know much about the coin price.
He doesn't know how to apply it and when it shall be applied. Well, it should be done accordingly when he's trading and that's why some traders are asking how to apply it because they don't know how to. But they want a guarantee of zero loss? that's impossible. There are still many people who misunderstand about stop-losses, they think they can avoid losses if they use the stop-loss feature when trading. Even though we will all experience losses when trading, even professional traders must have experienced losses. Since crypto trading at highly volatile prices is almost impossible not to lose, and the stop-loss feature serves to minimize the losses we experience. So when the market suddenly dumps, we can stop trading with the stop-loss feature, to avoid bigger losses. They can't avoid losses. But they can minimize the big loss that is about to come and that's thanks to stopping loss. There is no guarantee and assured thing in stop-loss that it will give you zero percent in the loss. You look at how much you've saved when you do that and you'll realize that it's effective when you don't know when to sell at losses. |
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I love trading but cannot advise anyone, especially day trading. This is painstaking work that takes a lot of energy and strength.
You never know for sure how your day will end, you always have to be tense and worried about uncontrollable losses. I would prefer to advise investments and holding, it brings a very good income.
It's okay to trade. And while trading, you can have your investments with you. As you wait for your investments to grow, you can have your trades most of the time and when the right time comes for your investments. That's the good income taking that you're saying. |
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I am investing Bitcoin today even if the price is still very high and risky. I still believe in some speculation that btc will rise up to 100k$ before the year 2021 end, that is why I buy some Bitcoin and hold it till the price reach up to 100k$
I'm also that person that seeks to see bitcoin at $100k by the end of the year. But what's your plan if it won't be seen as what we're speculating? may I know what are you thinking this time is it a Time to buy or hold or what ?
Buy and hold if you're not needing your money invested on bitcoin. |
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Good thing, I don't invest in defis and if your story is true and you've lost most of your money from investing with those projects and following influencers blindly.
You're brave to get up and stand on your own. The lesson that you're sharing to everyone is important and if there's someone that won't listen to you and is standing on the same situation, he has to learn from you.
I admit a lot of people lose money by following influencers blindly, and I'm lucky not to do that. Because when we decide to trade or invest, don't depend on other people, because other people's predictions are not necessarily accurate. We must be able to do our own research and analysis, because indeed we have to rely on our own abilities and knowledge to succeed in the crypto world. Then make the experience of others as a lesson for us, so as not to make the same mistakes. Regarding DeFi investment, I don't do the same as you, because for me the DeFi project is very risky for investment. I prefer investing in popular coins, such as Bitcoin and Ethereum, which are proven to be safe and can generate large profits. Reading the experience of others, made me not follow that type of strategy of following influencers blindly. And just like those influencers, we also know if we're doing research for our investments in cryptocurrencies. Good thing, I don't invest in defis and if your story is true and you've lost most of your money from investing with those projects and following influencers blindly.
That's the problem, traders don't invest they trade. Any trader that knows what he's doing should have gone out of the market when the signals started showing of a downward movement for defis but many didn't. They got caught up with the whole hype surrounding Defi and didn't want to miss out which turned them into investors. Funny thing is they couldn't hold for the market to recover so they sold in losses inorder to prevent further losses instead of just holding. Those who held later got rewarded but those would couldn't lost heavily. As a traders what you're after is the profit not minding what the project is working on which is why traders could easily profit form any trend before it crashes but this is a risky way of trading which if you don't have the experience you shouldn't involved yourself. Stick to trading project with fundamentals until you're sure you can do well in the new trends that can be very volatile. Many traders profit from the Defi hypes, especially if you use the strategy of trading newly listed Defi related projects on well known exchanges like Binance or buying before the news git announced. They cannot control their emotion if they're selling at losses. Those traders still need to gain experience so they can easily control and manage their emotions if they don't like what's happening with the market. |
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Stop loss is an efffective feature of finance max through which you can be safe from the big loss even we can't say that it can prevent you from a small loss or even zero loss but at a situation it is beneficial for the users. Always try to point stop loss whenever you don't know much about the coin price.
He doesn't know how to apply it and when it shall be applied. Well, it should be done accordingly when he's trading and that's why some traders are asking how to apply it because they don't know how to. But they want a guarantee of zero loss? that's impossible. |
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The other tip is when most of the mainstream media gives that news about how bullish they are in the market. That's what has happened before when an upcoming dip is about to come so you can also use them as indicators.  But I don't know this time, it's different as they give positive news, the market reacts straightly. |
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Good thing, I don't invest in defis and if your story is true and you've lost most of your money from investing with those projects and following influencers blindly.
You're brave to get up and stand on your own. The lesson that you're sharing to everyone is important and if there's someone that won't listen to you and is standing on the same situation, he has to learn from you.
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the most appropriate sentence in my opinion is "it's easier to hodl if you are good at managing finances"
10% of poor people who are in crypto have proven themselves that they can change lives by just hold their BTC
while others will immediately sell the BTC they get when bear market or bull
the ability to manage money is important because we don't know when the dry season (bear market) will come so leave your needed funds and your BTC stock for as long as you can
Great analogy and it's true that despite the situation of those holders before they get in, as long as they're good in handling their finances, they can live a better life. But the subject is all about being easier in holding and that gives the advantage of being rich already. You can keep as much as you can while not having any problem when the market dips as you can still hold it and add more which makes you not forced to sell if you're in need. |
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Stop Loss is used in risky trades to avert excessive and unmanageable losses.
Not only in risky trades. But in every trade that you do, you must apply it to minimize the risk that you're taking. If someone don't use stop loss will face huge losing quickly. It is used to overcome the loss.
Yeah, the bigger and quicker loss is waiting for those that won't apply stop loss with their trades. |
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If you want to safe you money ,should use Stoploss. You can buy back if token price down feom your stoploss but if its down 100% or 200% its very hard to get back you portfolio. May be some time token down to stoploss and then upswing start, but we should safe our money and can get another opportunity to earn .
Is there any time that you've incurred 200% of loss? I guess that's never going to happen to me. A 100% loss is already going to put you into zero in value for the cryptos that you own. And to say that you'll get 200% down. You're totally negative and you might even have a loan with that percentage of loss. |
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