Trading is not a simple skill to master because of the risks involved, which must be taken repeatedly before you can be successful. If you said Trading will be your focus this years, you need to be learning much about it and know the strategic how you will be staking, and you need to know is better you trade with the money you can afford to lose, because Trading is not an investment that you will say he can minimize your risk when you start, I would like you to not focus on one aspect instead, you should be investing so that he can increase your knowledge about different coins. As for me, I believe in investing more than trading because I haven't gained much knowledge about it yet, and I can't say if I start trading I will be profitable, because it is very risky more then investment but if you are lucky you will profitable and change your lifestyle.
The biggest issue is that someone who decides to start learning now, will face the big bull run, and they will want to get in, and if they get in then they may even make some money because it will be the bull run, so it's a good period. However, if we are talking about a situation where people need to keep learning THAT is the best time because you are also making money. If they stop learning, bear will eventually come and they will lose all that they earned, maybe even more and that would be terrible for them. Fill the bucket when it's raining, but do not let it open, just take advantage of the situation and you should be making money and then keeping it. Then you keep on learning more and more about what you should be doing with it. |
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There is a simple strategy we use to achieve a fast altcoin growth. We make it simple. We chose LOW ranked coins whit a high rank number. Those coins whit less circulating supply have a much greater chance to reach multple thousand percent growth.
No matter the measures taken, you're still under the risk for an investment, you will keep discovering that everyone is making his own personal projections towards that, this is how I feel and this is how others feels as well, it we could all be that far from the reality, some low rank coins can perform well and some may not and ended getting you being disappointed, we cannot predict for anything than to risk anything we do in cryptocurrency. That is true, there isn't really anything that could clear anyone's strategy above everyone else, you may make a lot of money doing one thing, but some other person may fail the same thing. Strategies are not the things that make someone money, it's the people that makes the money, being able to see what you are looking for is the way to get richer. Crypto is not a way of making money for me, crypto is a way of saving money for me. In the history of humanity, we have always saved and put some money aside, not everyone of course, not the poor, but when we get some money, we try as hard as we can. Some used stocks, some used houses, some used offices, some used gold, and I use crypto, it's as simple as that. It is not an income for me, it is my investment that I put aside. |
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Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
As a beginner that is still learning about trading I don't think it is advisable to start trading with huge sum of amount, trading is all about learning and experience. Starting trading with small amounts of money will give one a good knowledge how to handle a huge sum of money in trading. Another thing you also need to consider in trading is that trading with a huge sum of money is not a guarantee to make better profit, the most important thing is to trade with the amount that you can afford to lose. As a trader it is advisable one needs to understand trading very well, because rushing to make money from trading fast can end one be at lose at the end. Learning trading and having a proper knowledge of trading helps in trading alot , trading is not something that can be done with a shallow understanding but requires a good understanding to handle it. The number of people who want to make money very quickly is the number one reason why we are having this trouble. We should not be expecting something like that, we should be expecting much less from people. In any case, stop trying to make money right away, and learn, if you study and trade to gain experience, then you are going to be great. I agree with you that starting small is the best way, because if you start small then you are going to get a lot better eventually, that should be the most important part. I get that it may not feel that great, but that doesn't feel like it is going to be all that great if you just jump right into it, I hope that this would become something that would be a little bit more less stressful. |
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I consider futures to be a double edged sword. As long you know what you are doing and stick with less than 5x leverage, futures can be a handy tool especially when you are low on capital and want to take advantage of particularly bullish market, however trading at high leverage is sheer gambling.
Also one thing that helped me lot in my life, is to stay away from thing unless you understand it completely, it saves you from lot of misfortunes. Will definitely be helpful for your friend.
I do agree that knowing what you are doing is the hardest part, because not many people know what they know, and they think they know when they do not know. I hope that we could end up with something that would benefit everyone, it is not going to be all that simple and we should be considering that leverage is something only the veterans can do, if they end up used by newbies then it could be exactly like gambling, it is all or nothing type of situation. I am not sensing anything major there, I do not think that it is an addiction that causes trouble as much as gambling so far, plus it is not guaranteed to lose because there is no house edge, you might lose, but you at least have a chance to win with leverage as well. |
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If you want to become a professional trader, then must work on it and acquire all the knowledge needed. Don't expect it achieved so easily but expect more on hard work, and patience, and one must learn from their mistakes. It is simply to say "I have to do this and this" but you will find it hard in actual trade.
By professional trader are you suggesting making trading your full time job? A lot of comments here already suggested that crypto trading is too risky to be taken as full time job. For safety, it could just be seen as a means of earning passive income so that you will not be pressured to take trades when you are not supposed to. I would say it is not too risky to be a full time job, in fact there are a lot of people who do trading as their full time jobs, most of them do that in the stock world, or forex world but it is their full time job. The whole wall street world is filled with full time traders, that's literally their job and they control so much of the world with what they do. So it is easy to see that it's possible, it has been done and it can be done in a way that could be something that would benefit everyone as well. I do agree that it is not all that easy to handle, but we should be considering that as a tough thing, we can2t really make it work any other way. I personally believe that the best thing to do would be just focusing on what we can do with it. |
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The bitcoin ETF is a very nice innovation which normalizes bitcoin investment to the traditional investment patterns in stocks and bonds and you can buy as many shares as you wish from a huge portfolio of bitcoin held by the issuers. Very lovely strategy to increase the bitcoin adoption and investment by the general public removing the complexities of direct bitcoin purchase, thereby making it simple and easier to engage. The good thing is that bitcoin controls the market and its price determines the prices of such stocks. Its more like taking bitcoin adoption to the next level.
The ETF has been approved now, and am positive about it because it will increase convenience for those who are reluctant to adopt it for fear of the complexities of acquiring it on the blockchain and alsoThe ETF looks very legitimate and regulated as its approved by SEC itself. I believe its also very much tax efficient, but I know these big players will charge management fees on investors and I just hope it wouldn't be yet another form of high transaction fees that will demoralize bitcoin ETF investors.
That is what the extra money coming into the market will be like, we already have most of the youth already getting acquainted with bitcoin anyway, we need some of that old money that goes into stocks to start going into bitcoin as well. When Blackrock has their ETF, they will push to sell it to everyone, and considering they have all the elites money with them, trillions, they could spare just a few dozen billions into bitcoin which would be insane investment overall and we would go up. They are not going to buy bitcoin themselves, that 78 year old with a billion in the bank? They ain't ever putting that into bitcoin, BUT they could put some of it at Blackrocks ETF, which they will use to buy more bitcoins to cover it and it all helps us. |
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De Bruyne is exceptional when it comes to attack and when I heard he was back i was happy because to some extent the De Bruyne has strength my club so much. And is presence means a lot to the club. Why would you say you don't want us to win the Premier League again because if you look at it now who else deserves it if not us. Aside that de brune is in my club everyone loves him because of is dedication to the club. When he went on injury I was not happy at all because I know it will affect the club and thank God is back and he came back with doing more womders. When you watch de De Bruyne play you will know that that dude is talented and that is anything his around its a very good opportunity for haaland to score also because De Bruyne give one of the best assistance you can ever imagine.
I believe that we are going to end up with KDB and Haaland playing together soon enough, in about two weeks. When that starts, like when they are both on the field, the result will not be all that easy, we are going to end up seeing City end up beating every single team. I mean they could still lose, it is a possibility, but they have become so much better if you ask me. The fact that they missed these players here and there, and specially KDB, made the team so much better because everyone else had to step up, and that means everyone else plays great now, and with KDB coming back, they will keep on being great, and adding these stars will only make them even better. It is showing already, add Haaland on this and you got yourself maybe the greatest team in recent memory, only be beaten by that galaticos Real Madrid team. |
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The months leading up to the Bitcoin halving is when Bitcoin prices is at it's lowest.
Anyone new to Bitcoin needs to buy from now until the halving. Bitcoin prices always go up after the halving from 2016, 2020 and now 2024.
Unfortunately, most people will only buy during the Bitcoin bull run hype during 2025 when the prices are at an all time high. Which is the worst time to buy Bitcoin.
Anyone that is reading this now during the halving year. You're one of the smart investors and understands Bitcoin's history. Buy when it's low. Hold when it's high. Sell at the top.
Not really, the price can go down prior to the halving and we have seen examples of this on the past, however if you want to buy bitcoin at the lowest price during a cycle then you need to do this a few months after the bear market has taken hold, as that is the moment when you can find bitcoin at its lowest price, as at the time many people are pessimistic about its future and speculators prefer to stay away from it, since they cannot obtain the profits they could before and prefer to move their money to other markets. This is true, we are not sure what the future holds, we can't really be clear on when would be the best time to do something like this, we could assume but we can't be really certain about it, so we can't really make any big changes in the end. I hope that we could get to a point where it would not be all that simple, and this means that we are going to end up with a lot of trouble if we are not careful. Do not assume that it is going to be all that easy, it is not that easy and we are not going to get anything major out of this. I hope that people would be able to see that working, and if it is actually good then we are going to end up with just buying "whenever" and holding for dear life until the price goes supernova on us. |
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back to human characteristics in general, where when you see successful people you certainly want to imitate them. What I mean by this is that when the bullish season comes, there will be many stories of successful people from cryptocurrency, this will be interesting news for bitcoin adoption, where many people will learn about it and want to be successful like the stories they hear. but this is like a double-edged sword, because there are many stories of people like this actually failing, until they end up reporting fraud on cryptocurrency
That is true, but people should be careful about not following that up until the bear season starts. Too many people see that and try to imitate what they see and when we are on the bull run they may actually do it, which makes them feel better and that's understandable, but we are talking about a situation at bull market. If you see people who made a lot of money during the bull, and you try to imitate it during the bear or start of the bear, then you are going to end up losing a lot of money. This is why you should not be trying to make the same, it is just not going to help you and it is going to end up having terrible reasons for you. I would highly suggest not trying to look at others and try to do the same thing, it is just not that possible. |
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I will choose Matic. Matic is one of the OGs in the layer-2 networks. So for me, Matic has already built their reputation in the market especially in the Decentralized Finance (DeFi) world plus in Ethereum. For me, Polkadot is also good but the innovation or people using this are still few, in short, still early for them.
I guess I wouldn't be able to make a decision between these two to be fair, I am not investing in either right now, so it is not really my issue and I do not have to make a decision and I am glad that it is like that. I can however, make sure that it is in a situation where we could assume it is just a 50-50% investment? Like you may consider that it is not that great of a deal right now, but I believe if you are so uncertain about the situation then you could easily make sure that it is not going to be all that much trouble to invest fifty fifty into them. It would make things better, and it would give you a great deal of detail as well. I believe that should be quite the most obvious situation and should give you something that would profit you, if one is wrong, the other is right type of thing. |
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As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.
Trading is an important platform for financial success but in trading a trader must know various things related to trading. If a trader thinks that he is good at trading then he should definitely trade for him. The current crypto platform is much more positive than other times. If trading in front of the bull market, there is less risk, so the probability of profit of the trader increases. The most important thing a trader needs to focus on in trading is to control his greed. Any asset in the crypto market can grow many times, but even if it makes a profit of 10 to 15 percent in one trade, if the trader does not withdraw that money, he will lose. The trader “must be satisfied with his small profit. I do believe that there are way too many people who think they are good but in fact they are not good, that's the trouble. I understand that people may think that they are going to make a lot of money from trading, and there are some people who do make a lot of money from trading there is no doubt about that, but that doesn't mean that we are going to have anything that would be easy for a newbie, or someone who is not a great trader. Just because there are people who could make money, doesn't mean you are one of them right now, it also doesn't mean that you can't because if you do put the time and the work in then you can become a good trader that makes profit too, but it is not automatic, you have to grind to get to that point. |
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if you get caught cheating and your account gets blocked than that is your own fault. It doesn’t matter if you invested in FUN tokens or made a deposit. That is the same in casinos also, if you abuse the system, than you can loose your account.
Yes @babygun is right in this case that every misuse of anything that violates the rules without exception will receive the same punishment for that is why it is important to protect yourself from greedy behavior, especially creating more than one account on the same IP because it is prohibited by Freebitcoin, I always Be careful about this as far as making sure no one creates an account using the IP I use at home. I have several FUN tokens and I also don't want it to be a problem in the future so I always take care of it and comply with every existing regulation, if I lose my money and my account of course it is my own fault, not someone else's fault, let alone trying to create another account, that's for sure. that's still wrong, there are also many casino sites out there that are stricter than freebitcoin, I hope everyone also understands that the rules will remain the rules, there are no exceptions, everything is fair, even on the account of a large investor who abuses it, they will definitely be punished too. That's the point, it's not about making a mistake once or twice, it's not making a mistake recently or back in the day, if you are found out that you have made a mistake, if you broke the rule even once, and that is unearthed, then you are not going to get anything and the website has all the right to do that. People should realize what mistake they are making, or at least like realizing something is against the rules before you do it so that you do not do it or at least do it being aware of the possible risks. That is the issue, we should consider that as an issue if we are not careful. I understand that it is going to take a while, but that doesn't mean that we are not going to have any issues, we should be careful about it. |
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I have read up about on having that possible two bull runs for this cycle on which there would really be some price bull run on this year and into the next. Dont know if its real but rumors would be rumors on which possibilities could really be that real or could happen. Now that we are nearing on Bitcoin halving season then bull run is really that near. First step that we are seeing now about on the current situation
which Bitcoin ETF had been approved already. We dont know if the price would really be shooting up even more or not, basing up on the current condition then we might be seeing that sudden surge or inflow of funds.
Now that the market does have tons of fundamentals that do really have circling around on which price movements or simply the volatility would really be that extreme.
I would guess that it would make the second one very very tough, but not impossible. For those who may not remember, in 2021 we technically had two bull runs, in 2021 of April or may, we peaked the price at actually 64 thousand dollars, that wasn't the all time high, that came in a few months later, at 68 thousand dollars somewhere around October if I am not wrong, but between those two, the price hit below 30 thousand dollars. As you can see, it got from under 30 thousand, to 64 thousand, to under 30 thousand and to 68 thousand all within a year. I am not saying that will happen again, we do not know if that will happen again or not, we actually have no idea at all, but we do know that it's at least a possibility. |
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even though these are all true, the US dollar still remain the most popular and dominant currency globally. Even if bitcoin is adopted globally, people will normally convert their Bitcoin to the US dollar before ever converting it to their local currency.
I don't even think that at the center of the advocacy for crypto adoption lies the plan to look for alternative to the use of the US dollar. I believe that it is more of looking for an alternative way of solving the problem associated with the over regulatory ability of the government on these centralized institution that has made the desire for global acceptance of cryptocurency or bitcoin whose decentralized nature has improved on the usual banking system to be sort after.
It's a good thing if Bitcoin will be adopted globally. Add in if it became a legal tender. I am sure people are now going to use it directly. There is no conversion needed because IMO Bitcoin is better than any other currencies out there. For now, I think many BTC users will convert their BTC to their own local currency, if they prefer to cash out it. There is no need to convert it to dollars first if they are not in the US countries because that will only be an added cost (you know the transaction fees when making each transaction). It's only okay if the fees are small but nowadays, it was high. For some, it's indeed that crypto is only an extra payment method. They don't see this as a replacement for the other. |
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I have some dealer who are make a mistake drop the card, as long the card is correct from my perspective. I never snitch them, the cost is getting fired/salary getting 1/3 ~xd remember they working 12 hour shift while just deal card online without any sunlight.
Well, mistakes can happen from any of us. These mistakes are indeed rare. But it has happened in the Stake exclusive table game. And it was a strange behaviour from the card dealer. He had altered the card while everything was visible there (all card numbers), the dealer has done everything in a worried way. That's why some people are taking it negatively. True. His confused face says everything. He maybe wanted to clear a mistake and just made it worse and worse. Typical example of having a bad day. Who know how long their actual wage is. If I remember correctly I had seen a tip "slot" on other sites where you can actually tip the dealer when you feel good after a big win. That would make their job and life easier. I bet they only earn a fraction of what we are thinking they are. When you make a mistake, you may feel a little bit worried and that's understandable, it is not really like a big dale, it is just fine and I think it should not be all that much of a big deal. Dude just made a mistake, and he got worried and feared, so that made him make it even worse, we all do that sometimes. I remember one time I hit my toe on the table, as we all do, that's normal and we all did that, we all hit our foot toe into the table or the chair or something, and then I got mad because it was hurting so much so I hit my fist to the table, like as a reaction to the pain I was having, and I cracked a bone there lol, that was even worse. Basically, what would be just a toe pain that would go away in a few minutes, I had to wear braces on my hand for 3 weeks instead, we just sometimes make it worse, it happens, we are all humans. |
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Beginner traders have minimal knowledge and want to flex or share their knowledge even though most of their stories are just sceptical, because of clout chase. I don't know if they have different reasons why they keep having a flex with the knowledge they didn't experience some of them are just based on the second-hand knowledge or experience of another trader not really on them, if you want to learn more in trading invest in knowledge and keep it lowkey you don't need to share tons of things in the internet just people who want to know or curious is enough. You can see there's a lot of trading gurus telling they have a higher successful rate and selling their services even though its just a basics.
Humanity has never been good at saying "I do not know", it doesn't matter what the topic is, you are not going to hear a lot of "I don't know"s in the world, whatever you are talking about and whoever you are talking to, the rarity of that sentence is not something to scoff at. So, when you see a newbie, trying to boast how much they know, even when they have barely any idea what they are doing, it is just humanity and we should not be considering that as a trouble. I need to make sure that we are dealing with something easy here, it is going to be fine, it is not going to be a trouble and we just need to make sure that it is going to be newbies and how they are. Ignore them and just let them be, they will soon learn their mistakes anyway. |
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When you take only such trades, even though you lose 60% of your trades, you will still be profitable.
Correct me if I'm wrong but how come you're still profitable if the 60% of your trade is a lose streaks? this is so confusing. What you've been stated is all the obvious, of course you're going to need quality trades using your experiences in trading in order to make profits, without it, I doubt that you're going to be profitable in your trading journey. Trading is all about skills and knowledge in order to be a successful trader. You could lose 100 dollars 6 times in a row, and make 1000 dollars once and that means you are in profit? Is it like something like that? I am not really sure I do not know what OP was talking about. All in all the profits are not easy and easy at the same time, it could be easy on a bull period when the prices go up, and it is not easy when things are going down, unless you are shorting. I have a lot of friends who made money in the last 10 days, and a lot of friends who lost money in the last 10 days. And they are not like bad vs good traders, these are all great traders, it just happens at times and we need to forget about our losses and not chase them and keep attacking what we know how to do, that would work. |
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P2P orders are priced against ongoing market prices, you cannot "name your price and get away with it".
Most of the OTC deals going on are also at 10% markup. P2P dealers are not going to loss positions after selling, so you can assume the same type there too. That "Had I known" has very little effect here.
But there is also the fact that 1BTC = 1BTC, so why vary the cost when speaking in terms of USD? This is because of lack of liquidity of bitcoin compared high liquidity of fiat.
That sort of depends on the amount and the buyer/seller as well. I mean you think someone buying 1 million dollars worth of bitcoin at OTC markets would have to pay a 10% markup? Of course not, but when yo udo it for 1000 dollars, that is a very big possibility, so it all depends on the amount. If I go to someone who already is a very wealthy person, and ask to buy a million dollars worth of bitcoin that they have, they may charge me only 10 grand, they do not need much anyway, and feel like that is enough. However, if I need to sell my coins urgently, and someone who doesn't need it, ends up taking my money would ask for a lot of markup. Whereas, if I have enough, and someone is selling urgently, like I am on the other side, I could get the markup to be much lower, even profit from it. It all depends on the situation. |
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4.Learn how not to mind your own business, making every events around you your concern even when it doesn't affect you. It's a nice way to make cool enemies. Etc.
Won't make you poor but I got to tell you that this one will definitely risk you shortening your lifespan especially if you're meddling with people that are fighting, you never know if a shooting or a stabbing will happen with you getting caught in the crossfire. Even the title itself says "how to stay poor", why would anyone wonder how to stay poor, it's easy, just spend your money on useless stuff and make a debt to get useless things and you are suddenly poor, I have done it before so I should know lol. But also, it's human life, we live only once is a cool motto at times, yes I should not have bought all those things at times, I have bought things that I used only a few times and quit all together, so I spent money so uselessly at times, but that is also a good way to live if you can keep yourself in check, it's just inevitable. Nobody goes through life without ever spending money on a thing they should not spend, everyone does it at least once, and that is the most important thing, limit it and make sure you know what you are doing. |
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This market has been speculative for years though, even since in the beginning. So we already understand how everything works, it's volatility, FOMO and what parameters affect the price. The good thing is that many of us knows how to play around and take advantage of it.
And so right now, with the whole ETF approval as 100% already, this could fuel the price to go up and ramp up before the halving. And then with the halving, it will pushes the price, and we all know that it will be the catalyst as we have seen it based on our history. So I think we can see 6 digits as our baseline for a new all time high, and it might peak at around 2025.
There are some people who deal with TA and indicators, charts and all that but there are also a lot of people who do not deal with any of that, and those people know that they are just going to end up holding and waiting out all those periods and make a profit. I am one of those people, I do not care what happens, all the volatility, all the craziness that is going on, none of that matters to me and all I do is just keep on buying and keep on waiting. I use this as my retirement pension, so if I am right and it goes up, then I will retire wealthy, but if I am wrong and I do not make that kind of money, then I am going to end up with a lot of trouble without a doubt. That means I will retire poor, and I do not know what happens when you are too old to work and have no money. |
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