I am expecting for hit to be stable again to $40k. But if it won't break that price as there's a sudden positive movement again, it's likely to stay where it is right now.
But with its pricing, that's a better price that we've got and it's looking good as with those sentiments are becoming positive again. Well, many will hate it but there's again the person that's being involved with this rise.
Stable at $40k is ideal for Bitcoin in its current state. It will be very valuable when the Bitcoin price is below $35K but at that time it becomes a price release event for some short-term holders. It's a shame, they don't pay much attention to the factors that are getting more and more aggressive. One of them that is still strong and continues to exist is the adoption of various important elements. Did Amazon really keep its word at the end of the year? I'm really looking forward to that. It's about to get into $40k just now. As I post this, $300 more and it's already on $40k. The news about Amazon seems to be one of the reasons why we're seeing this price increase and it's very nice to see it again go in $40k. Well, most of us missed that price. |
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Answer is very simple if u want to hold for long term no need of stop loss. I will recommend you not hold your longvterm coin on any exchange. Trustwallet or metamask or any wallet you can used.
If you want to take a short profit than stoploss is mandatory. Sometime market crash little and you can loss much.
Suggest about hardware wallets too, they're one of the best in terms of holding for long term. I've been doing that for years and never had any problems. But those wallets that you've mentioned, they're also good if you don't have the budget to buy for your own hardware wallet. A market crash can literally make you fall into more losses if you've diversified that much. I think your suggestion is very appropriate because at times like this we have to admit that many people around us are naughty, not just hackers, so if you propose a hardware wallet, it is the best way that can be used even though it may cost quite a bit to own and use it. saved is also not much, causing them to look for alternatives that are also quite good. maybe metamask and truswallet are very good wallets and accommodate everything we might do later. it all depends on what you have in the end and how much you have to save. Those wallets can accomodate to keep your assets there as you trade. But if you're taking profits and you're wanting to secure them. It's best to put it on a hardware wallet and there are a few trustworthy that has been tested by time. https://bitcoin.org/en/choose-your-wallet?step=5&platform=hardware |
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First of all my worst miatakw is that i have not bought bitcoin when it was so cheap.
Secondly i Bought Cake token when it was 0.26$ but sold all at 0.4
After that i bought at 2$ price and sold at 6$ price.
If i had hold i would be a richer man.
The second isn't a mistake but a regret that you've sold earlier. But the first one is a legitimate worst mistake by everybody that we've missed buying bitcoin when it was truly cheap. We're only thinking of how low it was before and never bought because we've considered it to be expensive during those times. |
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I am expecting for hit to be stable again to $40k. But if it won't break that price as there's a sudden positive movement again, it's likely to stay where it is right now.
But with its pricing, that's a better price that we've got and it's looking good as with those sentiments are becoming positive again. Well, many will hate it but there's again the person that's being involved with this rise.
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If Giannis will win another championship, then I will have to admit that he is already in level with Lebron James and Kobe Bryant, for now, there are people who are still in doubt that the Bucks will not win a championship if they face a healthy Nets or a healthy Lakers/Clippers in the NBA Finals.
Those people that are in doubt of Bucks didn't managed to see their progress through all of these years when Giannis gets in. Although it's not necessary at all but you get to see what they've been for the past years. And if Giannis wins another title next season, comparisons will be made for sure but it will always be Giannis as him and the same from LBJ. |
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Answer is very simple if u want to hold for long term no need of stop loss. I will recommend you not hold your longvterm coin on any exchange. Trustwallet or metamask or any wallet you can used.
If you want to take a short profit than stoploss is mandatory. Sometime market crash little and you can loss much.
Suggest about hardware wallets too, they're one of the best in terms of holding for long term. I've been doing that for years and never had any problems. But those wallets that you've mentioned, they're also good if you don't have the budget to buy for your own hardware wallet. A market crash can literally make you fall into more losses if you've diversified that much. |
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You can't learn anything when you don't even fail in that trade. Learning is all about failure. If someone had never failed in life then it means he doesn't even try a single time. So patience should be kept and learn from the mistakes will be very important. Then only you can get profit.
That is true. You have to fail so that you can learn and everybody fails with their trades in the first time. No one becomes good already at the start and that's why it's the hardest part for everybody. The beginning. Beginning would always be a challenge because we do all start on being a noob and mistakes and errors would really be that common but as we go ahead then we would really be facing non stop problems which is really a normal thing to experience and with also with experience you would really able to to sustain at least and everything would depending on how you would really be handling out yourself into his manner.You wont progress if you wont really be accepting those losses and learn from it. Running does simply means that you are quitting. Trial and errors are common in the beginning but mostly errors are going to be the result. And if someone fails at the beginning and he starts to run then quitting is really for him and he don't want to extend more in trading as he just sees himself to fail. |
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You can't learn anything when you don't even fail in that trade. Learning is all about failure. If someone had never failed in life then it means he doesn't even try a single time. So patience should be kept and learn from the mistakes will be very important. Then only you can get profit.
That is true. You have to fail so that you can learn and everybody fails with their trades in the first time. No one becomes good already at the start and that's why it's the hardest part for everybody. The beginning. |
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Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
They still lack of experience and strategy. A newbie that losses a huge amount of money, he never planned how he's going to trade and how he's going to finance his practice trading. The budgeting part is hard for the newbies. They have the thinking that the higher the capital, the higher reward as if it's an instant logic and result. |
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It's already being done by some countries and they're banning bitcoin. But there are also countries that have been considering lifting the bans that they've made and actually some already did too.
Bitcoin isn't just money today but it's also an asset that cannot be controlled by the government. If a government is against to it, they can impose ban as quick as they can which can be done by biggest countries. But the wisest countries are embracing and adopting it.
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The current bitcoin price now is $29,606, which is down for more after a stay at $30k. So it could still be at the bearish trend for now.
It's good to see how bitcoin recovered quickly. The price recovered to $31k and that's a very quick turn for bitcoin but it's not that surprising anymore because that's the true nature of bitcoin. It may not be good for a while. But it will eventually recover and hopefully goes back to the prices that we want to see, $40k-$60k. |
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No.
People are just exaggerating and wanting to see the ATH again. But the market doesn't work like that. It stays on the ATH for a very short period of time and then the plunge comes.
$29k must be considered the support and it's being hit so just prepare that we might meet the past ATH 4 years ago.
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Simple the main reason is greed, when we all get out of it, then only trading will be not that much difficult for us. And secondly in trading patience is very necessary, if we don't have patience during trading then it will give us more loss even. These two are are main reason when trading gone wrong according to my opinion.
Without patience, you can't be a trader or a holder. Both requires it and if you don't like waiting game, you shouldn't buy any crypto to hold or don't do trading at all because you'll only feel that it's taking forever before you make money. In both of it, those that you've mentioned are true. |
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Yeah, you've became mature on this market. Do we just wait patiently, buy the dip over the next year or so, and sell our bags to the next wave of dreamers? I miss the days when BTC was just this interesting internet money that was on the darknet.
Yes. That's better if you do that as the other people don't know what to do when they see the price of bitcoin goes down. They're probably thinking the same as it's already the end for bitcoin but no, it is not. |
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I do not advise anyone mostly the newbies to start big. You will never know how much you can lose as someone who's still testing the market.
It is best to test only with small amounts so you can formulate your strategy and you're going to have an idea how much you can earn and lose with your quick trades.
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so far my worst mistake is not selling my cryptocurrency assets at the new all time high price,
i really regret it, yes i hold Bitcoin, Ethereum and Binance, all of them went down deep,
and it was terrible to see, more than -50% that I can, I don't know this is a nightmare for me.
A common mistake. Because I think you've the thought that it will pump some more and that's what I also thought of before. But right after, I've decided to think long term since I'm holding bitcoin. And the same bull run can happen again and can surpass the last all time high. |
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In my opinion, learning is one thing and living mistakes and thinking is another story, no matter what school you study in economics or go to, the nature of not knowing how to save is still due to the way you live. And everyone's thoughts are not the same.
Saving is a far discussion and topic from economics. But if someone wants to save and discusses about economics, we're all free to do so. Just as you study economics, people have the way to save and there's always the source who has thought them how to save. And the same as economics, there's a source who has pushed them to study about it whether it's from school, a relative/friend or just your own thought. |
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It's probably more than just the situation, it's more of a how are you as a person when it comes to investments because if you don't exactly know how you are for long-term or short-term then you will end up choosing the wrong thing of the two which is going to be unprofitable for you.
And that also can result with a good experience and lesson if that person who ended up badly wants to take another try. It's important to distinguish your focus on the market, as a day trader or a holder. Everyone can be an easy holder but not an easy trader since it's requiring more actions than the usual holding. Probably it depends on personal taste, the more you trade the easier it gets to feel the next market trend on smaller timeframes. Holders can make the same ROI in few months with the day trader who spend his time to analyze the market staring the screen for long hours. Focusing on the market and letting the market bring you whatever it can is easier for all types of traders. So you choose what makes you comfortable. Are you going to be a day trader or be a simple holder that just watches the market's situation without any need to panic if it starts to drop a lot. Well, many have already tried to become a holder and it's been worthwhile with all of those experiences that I've got from it. |
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It is highly profitable when you also got higher capital. It's misleading to the newbies to say that there's much profit in trading, yes, that's a fact but it's all words until they've tried it on their own.
That's why when a newbie who's not in depth on trading and tries it out, they lose which is expected but they're having a false hope that upon doing it, they'll make that much money.
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Small countries will probably follow in El Salvador's footsteps since they have more to gain than to lose by approving BTC as legal tender when compared to big countries which would adamantly oppose such a move for obvious reasons.
I agree. And as well as those countries that also have their fiat in USD. There are some countries that have their fiat in USD and I think it will be a bold move if their lawmakers will also make bitcoin as a legal tender. They should learn from El Salvador. |
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